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, 2024 | |
Item 1. Reports to Stockholders.
(a) The following is a copy of the report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1)
TABLE OF CONTENTS
0001039803pro:C000008435Memberpro:SwapAgreementsCTIMember2024-07-310001039803pro:C000008337Memberpro:FabrinetCTIMember2024-07-310001039803pro:C000008348Member2016-07-31
Access Flex Bear High Yield ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Access Flex Bear High Yield ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $173 | 1.78% |
How did the Fund perform last year?
Access Flex Bear High Yield ProFund (the “Fund”) seeks to provide investment results that correspond generally to the inverse of the total return of the high yield market consistent with maintaining reasonable liquidity. The Fund invests primarily in financial instruments that ProFund Advisors believes, in combination, should provide investment results that correspond generally to the inverse of the high yield market. During the period, tightening credit spreads overcame the impact of rising risk-free rates, driving returns. For the year ended July 31, 2024, the Markit iBoxx $ Liquid High Yield Index, a widely used measure of high yield market performance had a total return of 10.82%. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the high yield market), expenses, transaction costs, the impact of compounding, and other miscellaneous factors.
Cumulative performance: November 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $5,775 | Bloomberg U.S. Aggregate Bond Index $11,727 | Markit iBoxx $ Liquid High Yield Index $14,951 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $9,191 | $10,282 | $9,997 |
| Jul 16 | $8,124 | $10,893 | $10,396 |
| Jul 17 | $7,686 | $10,837 | $11,423 |
| Jul 18 | $7,463 | $10,750 | $11,681 |
| Jul 19 | $6,861 | $11,619 | $12,551 |
| Jul 20 | $6,602 | $12,794 | $12,912 |
| Jul 21 | $5,917 | $12,705 | $14,040 |
| Jul 22 | $6,272 | $11,546 | $13,078 |
| Jul 23 | $6,140 | $11,158 | $13,491 |
| Jul 24 | $5,775 | $11,727 | $14,951 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $392,968 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (5.95)% | (3.39)% | (5.34)% |
| Bloomberg U.S. Aggregate Bond Index | 5.10 | 0.19 | 1.61 |
| Markit iBoxx $ Liquid High Yield Index | 10.82 | 3.56 | 4.10 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | (83)% |
| Credit Default Swap Agreements | (94)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
| Consumer Cyclical | (28)% |
| Consumer Non-Cyclical | (17)% |
| Communications | (12)% |
| Financials | (11)% |
| Energy | (8)% |
| Industrials | (8)% |
| Other | (16)% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
Access Flex Bear High Yield ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Access Flex Bear High Yield ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Access Flex Bear High Yield ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $268 | 2.78% |
How did the Fund perform last year?
Access Flex Bear High Yield ProFund (the “Fund”) seeks to provide investment results that correspond generally to the inverse of the total return of the high yield market consistent with maintaining reasonable liquidity. The Fund invests primarily in financial instruments that ProFund Advisors believes, in combination, should provide investment results that correspond generally to the inverse of the high yield market. During the period, tightening credit spreads overcame the impact of rising risk-free rates, driving returns. For the year ended July 31, 2024, the Markit iBoxx $ Liquid High Yield Index, a widely used measure of high yield market performance had a total return of 10.82%. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the high yield market), expenses, transaction costs, the impact of compounding, and other miscellaneous factors.
Cumulative performance: November 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $5,262 | Bloomberg U.S. Aggregate Bond Index $11,727 | Markit iBoxx $ Liquid High Yield Index $14,951 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $9,115 | $10,282 | $9,997 |
| Jul 16 | $7,961 | $10,893 | $10,396 |
| Jul 17 | $7,504 | $10,837 | $11,423 |
| Jul 18 | $7,217 | $10,750 | $11,681 |
| Jul 19 | $6,567 | $11,619 | $12,551 |
| Jul 20 | $6,257 | $12,794 | $12,912 |
| Jul 21 | $5,553 | $12,705 | $14,040 |
| Jul 22 | $5,825 | $11,546 | $13,078 |
| Jul 23 | $5,653 | $11,158 | $13,491 |
| Jul 24 | $5,262 | $11,727 | $14,951 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $392,968 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (6.91)% | (4.33)% | (6.22)% |
| Bloomberg U.S. Aggregate Bond Index | 5.10 | 0.19 | 1.61 |
| Markit iBoxx $ Liquid High Yield Index | 10.82 | 3.56 | 4.10 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | (83)% |
| Credit Default Swap Agreements | (94)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
| Consumer Cyclical | (28)% |
| Consumer Non-Cyclical | (17)% |
| Communications | (12)% |
| Financials | (11)% |
| Energy | (8)% |
| Industrials | (8)% |
| Other | (16)% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
Access Flex Bear High Yield ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Access Flex High Yield ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Access Flex High Yield ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $187 | 1.78% |
How did the Fund perform last year?
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. The Fund invests primarily in financial instruments that ProFund Advisors believes, in combination, should provide investment results that correspond generally to the high yield market. During the period, tightening credit spreads overcame the impact of rising risk-free rates, driving returns. For the year ended July 31, 2024, the Markit iBoxx $ Liquid High Yield Index, a widely used measure of high yield market performance, had a total return of 10.82%. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the high yield market), expenses, transaction costs, and other miscellaneous factors.
Cumulative performance: November 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $13,847 | Bloomberg U.S. Aggregate Bond Index $11,727 | Markit iBoxx $ Liquid High Yield Index $14,951 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $10,288 | $10,282 | $9,997 |
| Jul 16 | $10,961 | $10,893 | $10,396 |
| Jul 17 | $11,531 | $10,837 | $11,423 |
| Jul 18 | $11,641 | $10,750 | $11,681 |
| Jul 19 | $12,546 | $11,619 | $12,551 |
| Jul 20 | $12,356 | $12,794 | $12,912 |
| Jul 21 | $13,108 | $12,705 | $14,040 |
| Jul 22 | $11,940 | $11,546 | $13,078 |
| Jul 23 | $12,529 | $11,158 | $13,491 |
| Jul 24 | $13,847 | $11,727 | $14,951 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $11,256,962 |
| Number of Holdings* | 7 |
| Investment Advisory Fees | $132,982 |
| Portfolio Turnover | 1214% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 10.52% | 1.99% | 3.31% |
| Bloomberg U.S. Aggregate Bond Index | 5.10 | 0.19 | 1.61 |
| Markit iBoxx $ Liquid High Yield Index | 10.82 | 3.56 | 4.10 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | 6% |
| U.S. Treasury Obligations | 62% |
| Credit Default Swap Agreements | 82% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
| Consumer Cyclical | 28% |
| Consumer Non-Cyclical | 17% |
| Communications | 12% |
| Financials | 11% |
| Energy | 8% |
| Industrials | 8% |
| Other | 16% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
Access Flex High Yield ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Access Flex High Yield ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Access Flex High Yield ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $291 | 2.78% |
How did the Fund perform last year?
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. The Fund invests primarily in financial instruments that ProFund Advisors believes, in combination, should provide investment results that correspond generally to the high yield market. During the period, tightening credit spreads overcame the impact of rising risk-free rates, driving returns. For the year ended July 31, 2024, the Markit iBoxx $ Liquid High Yield Index, a widely used measure of high yield market performance, had a total return of 10.82%. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the high yield market), expenses, transaction costs, and other miscellaneous factors.
Cumulative performance: November 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $12,532 | Bloomberg U.S. Aggregate Bond Index $11,727 | Markit iBoxx $ Liquid High Yield Index $14,951 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $10,176 | $10,282 | $9,997 |
| Jul 16 | $10,742 | $10,893 | $10,396 |
| Jul 17 | $11,191 | $10,837 | $11,423 |
| Jul 18 | $11,189 | $10,750 | $11,681 |
| Jul 19 | $11,938 | $11,619 | $12,551 |
| Jul 20 | $11,634 | $12,794 | $12,912 |
| Jul 21 | $12,223 | $12,705 | $14,040 |
| Jul 22 | $11,025 | $11,546 | $13,078 |
| Jul 23 | $11,453 | $11,158 | $13,491 |
| Jul 24 | $12,532 | $11,727 | $14,951 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $11,256,962 |
| Number of Holdings* | 7 |
| Investment Advisory Fees | $132,982 |
| Portfolio Turnover | 1214% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 9.42% | 0.98% | 2.28% |
| Bloomberg U.S. Aggregate Bond Index | 5.10 | 0.19 | 1.61 |
| Markit iBoxx $ Liquid High Yield Index | 10.82 | 3.56 | 4.10 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | 6% |
| U.S. Treasury Obligations | 62% |
| Credit Default Swap Agreements | 82% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
| Consumer Cyclical | 28% |
| Consumer Non-Cyclical | 17% |
| Communications | 12% |
| Financials | 11% |
| Energy | 8% |
| Industrials | 8% |
| Other | 16% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
Access Flex High Yield ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Banks UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Banks UltraSector ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $228 | 1.88% |
How did the Fund perform last year?
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 S&P Banks Select Industry Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 33.01%and a volatility of 24.46%. The Index performance was driven by factors such as higher interest rates. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $21,545 | S&P Total Market Index $32,489 | S&P Banks Select Industry Index $21,943 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $12,333 | $11,116 | $11,537 | $11,121 |
| Jul 16 | $9,692 | $11,607 | $10,383 | $11,745 |
| Jul 17 | $15,843 | $13,481 | $14,413 | $13,629 |
| Jul 18 | $19,381 | $15,697 | $16,345 | $15,843 |
| Jul 19 | $18,084 | $16,781 | $15,561 | $17,108 |
| Jul 20 | $10,262 | $18,593 | $11,110 | $19,153 |
| Jul 21 | $20,444 | $25,831 | $18,273 | $26,134 |
| Jul 22 | $16,340 | $23,821 | $18,454 | $24,921 |
| Jul 23 | $15,141 | $26,827 | $16,497 | $28,165 |
| Jul 24 | $21,545 | $32,489 | $21,943 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $12,165,106 |
| Number of Holdings* | 98 |
| Investment Advisory Fees | $60,346 |
| Portfolio Turnover | 163% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 42.30% | 3.56% | 7.98% |
| S&P Total Market Index | 21.10 | 14.13 | 12.51 |
| S&P Banks Select Industry Index | 33.01 | 7.12 | 8.18 |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 73% |
| Swap Agreements | 77% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Banks Select Industry Index – Composition
| Regional Banks | 74% |
| Diversified Banks | 11% |
| Commercial & Residential Mortgage Finance | 8% |
| Other Diversified Financial Services | 5% |
| Asset Management & Custody Banks | 2% |
| Company | % of Net Assets |
|---|
| The Bancorp, Inc. | 1.1% |
| BankUnited, Inc. | 1.0% |
| Columbia Banking System, Inc. | 1.0% |
| Axos Financial, Inc. | 1.0% |
| SouthState Corp. | 1.0% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Banks Select Industry Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Banks UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Banks UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Banks UltraSector ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $347 | 2.88% |
How did the Fund perform last year?
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 S&P Banks Select Industry Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 33.01%and a volatility of 24.46%. The Index performance was driven by factors such as higher interest rates. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $19,466 | S&P Total Market Index $32,489 | S&P Banks Select Industry Index $21,943 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $12,211 | $11,116 | $11,537 | $11,121 |
| Jul 16 | $9,499 | $11,607 | $10,383 | $11,745 |
| Jul 17 | $15,366 | $13,481 | $14,413 | $13,629 |
| Jul 18 | $18,613 | $15,697 | $16,345 | $15,843 |
| Jul 19 | $17,193 | $16,781 | $15,561 | $17,108 |
| Jul 20 | $9,656 | $18,593 | $11,110 | $19,153 |
| Jul 21 | $19,037 | $25,831 | $18,273 | $26,134 |
| Jul 22 | $15,062 | $23,821 | $18,454 | $24,921 |
| Jul 23 | $13,821 | $26,827 | $16,497 | $28,165 |
| Jul 24 | $19,466 | $32,489 | $21,943 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $12,165,106 |
| Number of Holdings* | 98 |
| Investment Advisory Fees | $60,346 |
| Portfolio Turnover | 163% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 40.84% | 2.52% | 6.89% |
| S&P Total Market Index | 21.10 | 14.13 | 12.51 |
| S&P Banks Select Industry Index | 33.01 | 7.12 | 8.18 |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 73% |
| Swap Agreements | 77% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Banks Select Industry Index – Composition
| Regional Banks | 74% |
| Diversified Banks | 11% |
| Commercial & Residential Mortgage Finance | 8% |
| Other Diversified Financial Services | 5% |
| Asset Management & Custody Banks | 2% |
| Company | % of Net Assets |
|---|
| The Bancorp, Inc. | 1.1% |
| BankUnited, Inc. | 1.0% |
| Columbia Banking System, Inc. | 1.0% |
| Axos Financial, Inc. | 1.0% |
| SouthState Corp. | 1.0% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Banks Select Industry Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Banks UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Bear ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $175 | 1.86% |
How did the Fund perform last year?
Bear 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 500® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the inverse of the daily performance of the Index. For the same period, the Index had a total return of22.15% and a volatility of 11.67%. The Index performance was driven by factors such as post-pandemic economic expansion and exuberance for AI and the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $2,467 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $8,740 | $11,121 |
| Jul 16 | $7,929 | $11,745 |
| Jul 17 | $6,769 | $13,629 |
| Jul 18 | $5,811 | $15,843 |
| Jul 19 | $5,414 | $17,108 |
| Jul 20 | $4,338 | $19,153 |
| Jul 21 | $3,066 | $26,134 |
| Jul 22 | $3,066 | $24,921 |
| Jul 23 | $2,798 | $28,165 |
| Jul 24 | $2,467 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $5,081,867 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $48,064 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (11.81)% | (14.55)% | (13.06)% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | (11)% |
| Swap Agreements | (89)% |
| Total | (100)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P 500® Index – Composition
| Information Technology | 31% |
| Financials | 13% |
| Health Care | 12% |
| Consumer Discretionary | 10% |
| Communication Services | 9% |
| Other | 25% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "Standard & Poor's 500TM" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Bear ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $268 | 2.86% |
How did the Fund perform last year?
Bear 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 500® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the inverse of the daily performance of the Index. For the same period, the Index had a total return of22.15% and a volatility of 11.67%. The Index performance was driven by factors such as post-pandemic economic expansion and exuberance for AI and the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $2,236 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $8,647 | $11,121 |
| Jul 16 | $7,765 | $11,745 |
| Jul 17 | $6,563 | $13,629 |
| Jul 18 | $5,576 | $15,843 |
| Jul 19 | $5,143 | $17,108 |
| Jul 20 | $4,082 | $19,153 |
| Jul 21 | $2,855 | $26,134 |
| Jul 22 | $2,827 | $24,921 |
| Jul 23 | $2,561 | $28,165 |
| Jul 24 | $2,236 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $5,081,867 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $48,064 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (12.69)% | (15.35)% | (13.91)% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | (11)% |
| Swap Agreements | (89)% |
| Total | (100)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P 500® Index – Composition
| Information Technology | 31% |
| Financials | 13% |
| Health Care | 12% |
| Consumer Discretionary | 10% |
| Communication Services | 9% |
| Other | 25% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "Standard & Poor's 500TM" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Biotechnology UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Biotechnology UltraSector ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $166 | 1.52% |
How did the Fund perform last year?
Biotechnology UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Biotechnology Select Industry Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 18.09% and a volatility of 28.74%. A strong equity market drove Index returns, though not quite to large and megacap technology levels. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $23,063 | S&P Total Market Index $32,489 | S&P Biotechnology Select Industry Index $20,727 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $15,552 | $11,116 | $17,509 | $11,121 |
| Jul 16 | $11,253 | $11,607 | $12,794 | $11,745 |
| Jul 17 | $12,763 | $13,481 | $16,151 | $13,629 |
| Jul 18 | $14,153 | $15,697 | $19,702 | $15,843 |
| Jul 19 | $11,732 | $16,781 | $17,764 | $17,108 |
| Jul 20 | $16,850 | $18,593 | $22,644 | $19,153 |
| Jul 21 | $22,245 | $25,831 | $25,671 | $26,134 |
| Jul 22 | $17,581 | $23,821 | $16,888 | $24,921 |
| Jul 23 | $19,415 | $26,827 | $17,553 | $28,165 |
| Jul 24 | $23,063 | $32,489 | $20,727 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $108,813,937 |
| Number of Holdings* | 142 |
| Investment Advisory Fees | $775,593 |
| Portfolio Turnover | 196% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 18.79% | 14.47% | 8.72% |
| S&P Total Market Index | 21.10 | 14.13 | 12.51 |
| S&P Biotechnology Select Industry Index | 18.09 | 3.13 | 7.56 |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 79% |
| Swap Agreements | 71% |
| Total | 150% |
| Footnote | Description |
Footnote | "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. |
S&P Biotechnology Select Industry Index – Composition
| Company | % of Net Assets |
|---|
| Gilead Sciences, Inc. | 2.3% |
| Amgen, Inc. | 2.2% |
| Sarepta Therapeutics, Inc. | 2.2% |
| AbbVie, Inc. | 2.2% |
| Exact Sciences Corp. | 2.2% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Biotechnology Select Industry Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Biotechnology UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Biotechnology UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Biotechnology UltraSector ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $274 | 2.52% |
How did the Fund perform last year?
Biotechnology UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Biotechnology Select Industry Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 18.09% and a volatility of 28.74%. A strong equity market drove Index returns, though not quite to large and megacap technology levels. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $20,870 | S&P Total Market Index $32,489 | S&P Biotechnology Select Industry Index $20,727 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $15,398 | $11,116 | $17,509 | $11,121 |
| Jul 16 | $11,030 | $11,607 | $12,794 | $11,745 |
| Jul 17 | $12,387 | $13,481 | $16,151 | $13,629 |
| Jul 18 | $13,599 | $15,697 | $19,702 | $15,843 |
| Jul 19 | $11,160 | $16,781 | $17,764 | $17,108 |
| Jul 20 | $15,870 | $18,593 | $22,644 | $19,153 |
| Jul 21 | $20,749 | $25,831 | $25,671 | $26,134 |
| Jul 22 | $16,235 | $23,821 | $16,888 | $24,921 |
| Jul 23 | $17,745 | $26,827 | $17,553 | $28,165 |
| Jul 24 | $20,870 | $32,489 | $20,727 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $108,813,937 |
| Number of Holdings* | 142 |
| Investment Advisory Fees | $775,593 |
| Portfolio Turnover | 196% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 17.61% | 13.34% | 7.63% |
| S&P Total Market Index | 21.10 | 14.13 | 12.51 |
| S&P Biotechnology Select Industry Index | 18.09 | 3.13 | 7.56 |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 79% |
| Swap Agreements | 71% |
| Total | 150% |
| Footnote | Description |
Footnote | "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. |
S&P Biotechnology Select Industry Index – Composition
| Company | % of Net Assets |
|---|
| Gilead Sciences, Inc. | 2.3% |
| Amgen, Inc. | 2.2% |
| Sarepta Therapeutics, Inc. | 2.2% |
| AbbVie, Inc. | 2.2% |
| Exact Sciences Corp. | 2.2% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Biotechnology Select Industry Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Biotechnology UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Bitcoin ProFund (formerly Bitcoin Strategy ProFund)
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Bitcoin ProFund (formerly Bitcoin Strategy ProFund) Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $176 | 1.16% |
How did the Fund perform last year?
Bitcoin ProFund (the “Fund”) seeks investment results, before fees and expenses, that correspond to bitcoin returns. The Fund seeks to achieve its investment objective primarily through managed exposure to bitcoin futures contracts. In this manner, the Fund seeks to provide investment results that correspond to the performance of bitcoin.Bitcoin delivered strong performance during the reporting period, driven in part by anticipation of an evolving regulatory environment leading to new crypto-related product innovation. For the year ended July 31, 2024, the Fund had a total return of 103.21%. For the same period, the Bloomberg Galaxy Bitcoin Index, a proxy for the bitcoin market, had a total return of 123.91%. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used, expenses, transaction costs, and other miscellaneous factors.
Cumulative performance: July 28, 2021 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $13,444 | S&P 500® Index $13,151 | Bloomberg Galaxy Bitcoin Index $16,253 |
|---|
| Jul 21 | $10,000 | $10,000 | $10,000 |
| Jul 21 | $9,880 | $9,990 | $9,926 |
| Jul 22 | $5,596 | $9,526 | $5,944 |
| Jul 23 | $6,616 | $10,766 | $7,259 |
| Jul 24 | $13,444 | $13,151 | $16,253 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $252,038,908 |
| Number of Holdings* | 3 |
| Investment Advisory Fees | $565,744 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | Since Inception |
|---|
| Fund NAV | 103.21% | 10.34% |
S&P 500® Index | 22.15 | 9.53 |
| Bloomberg Galaxy Bitcoin Index | 123.91 | 17.52 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | 100% |
| Total | 100% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
| The Bitcoin ProFund (formerly 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. |
This is a summary of certain changes to the Fund since July 31, 2023. Effective on or about December 4, 2023, the Fund’s Investment Objective changed to: “Bitcoin Strategy ProFund (the “Fund”) seeks investment results, before fees and expenses, that correspond to the performance of bitcoin”. Scheduled to become effective September 27, 2024, Bitcoin Strategy ProFund’s name will change to Bitcoin ProFund. For more complete information, you may review the Fund’s prospectus, as supplemented July 26, 2024, available at www.profunds.com or upon request at 888-776-3637.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
Bloomberg is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). Neither Bloomberg nor Bloomberg's licensors approve or endorse this material, or guarantee the accuracy or completeness of any information herein, or make any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.
Bitcoin ProFund (formerly Bitcoin Strategy ProFund)
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Bull ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $168 | 1.53% |
How did the Fund perform last year?
Bull ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the S&P 500® Index (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 22.15% and a volatility of 11.67%. The index performance was driven by factors such as post-pandemic economic expansion and exuberance for AI and the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Fund's Index), expenses, transaction costs, the volatility of the Fund's Index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $28,513 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $10,926 | $11,121 |
| Jul 16 | $11,321 | $11,745 |
| Jul 17 | $12,874 | $13,629 |
| Jul 18 | $14,696 | $15,843 |
| Jul 19 | $15,577 | $17,108 |
| Jul 20 | $17,086 | $19,153 |
| Jul 21 | $22,900 | $26,134 |
| Jul 22 | $21,438 | $24,921 |
| Jul 23 | $23,766 | $28,165 |
| Jul 24 | $28,513 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $51,230,500 |
| Number of Holdings* | 510 |
| Investment Advisory Fees | $387,138 |
| Portfolio Turnover | 113% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 19.97% | 12.85% | 11.05% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 85% |
| Futures Contracts | 10% |
| Swap Agreements | 5% |
| Total | 100% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P 500® Index – Composition
| Information Technology | 31% |
| Financials | 13% |
| Health Care | 12% |
| Consumer Discretionary | 10% |
| Communication Services | 9% |
| Other | 25% |
| Company | % of Net Assets |
|---|
| Apple, Inc. | 5.9% |
| Microsoft Corp. | 5.7% |
| NVIDIA Corp. | 5.3% |
| Alphabet, Inc. | 3.4% |
| Amazon.com, Inc. | 3.1% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "Standard & Poor's 500TM" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Bull ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $277 | 2.53% |
How did the Fund perform last year?
Bull ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the S&P 500® Index (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 22.15% and a volatility of 11.67%. The index performance was driven by factors such as post-pandemic economic expansion and exuberance for AI and the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Fund's Index), expenses, transaction costs, the volatility of the Fund's Index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $25,821 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $10,816 | $11,121 |
| Jul 16 | $11,097 | $11,745 |
| Jul 17 | $12,494 | $13,629 |
| Jul 18 | $14,122 | $15,843 |
| Jul 19 | $14,820 | $17,108 |
| Jul 20 | $16,091 | $19,153 |
| Jul 21 | $21,356 | $26,134 |
| Jul 22 | $19,793 | $24,921 |
| Jul 23 | $21,734 | $28,165 |
| Jul 24 | $25,821 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $51,230,500 |
| Number of Holdings* | 510 |
| Investment Advisory Fees | $387,138 |
| Portfolio Turnover | 113% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 18.80% | 11.74% | 9.95% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 85% |
| Futures Contracts | 10% |
| Swap Agreements | 5% |
| Total | 100% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P 500® Index – Composition
| Information Technology | 31% |
| Financials | 13% |
| Health Care | 12% |
| Consumer Discretionary | 10% |
| Communication Services | 9% |
| Other | 25% |
| Company | % of Net Assets |
|---|
| Apple, Inc. | 5.9% |
| Microsoft Corp. | 5.7% |
| NVIDIA Corp. | 5.3% |
| Alphabet, Inc. | 3.4% |
| Amazon.com, Inc. | 3.1% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "Standard & Poor's 500TM" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Communication Services UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Communication Services UltraSector ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $208 | 1.78% |
How did the Fund perform last year?
Communication Services UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Communication Services Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 26.20% and a volatility of 16.11%. The Index performance was driven by factors such as the inclusion of two of the "Magnificent Seven" companies which helped drive strong returns. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $30,320 | S&P Total Market Index $32,489 | S&P Communication Services Select Sector Index $31,489 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $10,139 | $11,116 | $10,974 | $11,121 |
| Jul 16 | $11,189 | $11,607 | $12,116 | $11,745 |
| Jul 17 | $13,244 | $13,481 | $15,010 | $13,629 |
| Jul 18 | $13,326 | $15,697 | $16,732 | $15,843 |
| Jul 19 | $17,007 | $16,781 | $17,733 | $17,108 |
| Jul 20 | $19,740 | $18,593 | $20,501 | $19,153 |
| Jul 21 | $32,580 | $25,831 | $29,336 | $26,134 |
| Jul 22 | $17,743 | $23,821 | $20,253 | $24,921 |
| Jul 23 | $22,675 | $26,827 | $24,951 | $28,165 |
| Jul 24 | $30,320 | $32,489 | $31,489 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $9,500,256 |
| Number of Holdings* | 28 |
| Investment Advisory Fees | $48,667 |
| Portfolio Turnover | 132% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 33.72% | 12.26% | 11.73% |
| S&P Total Market Index | 21.10 | 14.13 | 12.51 |
| S&P Communication Services Select Sector Index | 26.20 | 12.17 | 12.15 |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 79% |
| Swap Agreements | 71% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Communication Services Select Sector Index – Composition
| Interactive Media & Services | 44% |
| Entertainment | 22% |
| Media | 20% |
| Diversified Telecommunication Services | 9% |
| Wireless Telecommunication Services | 5% |
| Company | % of Net Assets |
|---|
| Alphabet, Inc. | 17.3% |
| Meta Platforms, Inc. | 16.8% |
| Charter Communications, Inc. | 4.4% |
| Electronic Arts, Inc. | 3.9% |
| Comcast Corp. | 3.9% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Communication Services Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Communication Services UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Communication Services UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Communication Services UltraSector ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $323 | 2.78% |
How did the Fund perform last year?
Communication Services UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Communication Services Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 26.20% and a volatility of 16.11%. The Index performance was driven by factors such as the inclusion of two of the "Magnificent Seven" companies which helped drive strong returns. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $27,445 | S&P Total Market Index $32,489 | S&P Communication Services Select Sector Index $31,489 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $10,036 | $11,116 | $10,974 | $11,121 |
| Jul 16 | $10,966 | $11,607 | $12,116 | $11,745 |
| Jul 17 | $12,854 | $13,481 | $15,010 | $13,629 |
| Jul 18 | $12,805 | $15,697 | $16,732 | $15,843 |
| Jul 19 | $16,180 | $16,781 | $17,733 | $17,108 |
| Jul 20 | $18,589 | $18,593 | $20,501 | $19,153 |
| Jul 21 | $30,380 | $25,831 | $29,336 | $26,134 |
| Jul 22 | $16,379 | $23,821 | $20,253 | $24,921 |
| Jul 23 | $20,733 | $26,827 | $24,951 | $28,165 |
| Jul 24 | $27,445 | $32,489 | $31,489 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $9,500,256 |
| Number of Holdings* | 28 |
| Investment Advisory Fees | $48,667 |
| Portfolio Turnover | 132% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 32.38% | 11.15% | 10.62% |
| S&P Total Market Index | 21.10 | 14.13 | 12.51 |
| S&P Communication Services Select Sector Index | 26.20 | 12.17 | 12.15 |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 79% |
| Swap Agreements | 71% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Communication Services Select Sector Index – Composition
| Interactive Media & Services | 44% |
| Entertainment | 22% |
| Media | 20% |
| Diversified Telecommunication Services | 9% |
| Wireless Telecommunication Services | 5% |
| Company | % of Net Assets |
|---|
| Alphabet, Inc. | 17.3% |
| Meta Platforms, Inc. | 16.8% |
| Charter Communications, Inc. | 4.4% |
| Electronic Arts, Inc. | 3.9% |
| Comcast Corp. | 3.9% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Communication Services Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Communication Services UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Consumer Discretionary UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Consumer Discretionary UltraSector ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $165 | 1.59% |
How did the Fund perform last year?
Consumer Discretionary UltraSectorProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Consumer Discretionary Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 8.90% and a volatility of 17.38%. The Index performance was driven by factors such as a resilient consumer in the face of stubborn inflation. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $31,885 | S&P 500® Index $34,403 | S&P Consumer Discretionary Select Sector Index $32,402 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $13,537 | $11,121 | $12,368 |
| Jul 16 | $13,253 | $11,745 | $12,805 |
| Jul 17 | $15,610 | $13,629 | $14,585 |
| Jul 18 | $19,954 | $15,843 | $18,013 |
| Jul 19 | $22,640 | $17,108 | $19,850 |
| Jul 20 | $26,368 | $19,153 | $22,843 |
| Jul 21 | $36,824 | $26,134 | $30,343 |
| Jul 22 | $25,158 | $24,921 | $27,589 |
| Jul 23 | $29,745 | $28,165 | $29,753 |
| Jul 24 | $31,885 | $34,403 | $32,402 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $51,090,557 |
| Number of Holdings* | 58 |
| Investment Advisory Fees | $295,281 |
| Portfolio Turnover | 173% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 7.19% | 7.09% | 12.29% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Consumer Discretionary Select Sector Index | 8.90 | 10.30 | 12.48 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 79% |
| Swap Agreements | 71% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Consumer Discretionary Select Sector Index – Composition
| Retailing | 48% |
| Consumer Services | 22% |
| Automobiles & Components | 20% |
| Consumer Durables & Apparel | 10% |
| Company | % of Net Assets |
|---|
| Amazon.com, Inc. | 17.5% |
| Tesla, Inc. | 13.5% |
| The Home Depot, Inc. | 7.6% |
| McDonald's Corp. | 3.5% |
| Lowe's Cos., Inc. | 3.0% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Consumer Discretionary Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Consumer Discretionary UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Consumer Discretionary UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Consumer Discretionary UltraSector ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $267 | 2.59% |
How did the Fund perform last year?
Consumer Discretionary UltraSectorProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Consumer Discretionary Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 8.90% and a volatility of 17.38%. The Index performance was driven by factors such as a resilient consumer in the face of stubborn inflation. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $28,851 | S&P 500® Index $34,403 | S&P Consumer Discretionary Select Sector Index $32,402 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $13,402 | $11,121 | $12,368 |
| Jul 16 | $12,992 | $11,745 | $12,805 |
| Jul 17 | $15,149 | $13,629 | $14,585 |
| Jul 18 | $19,171 | $15,843 | $18,013 |
| Jul 19 | $21,536 | $17,108 | $19,850 |
| Jul 20 | $24,832 | $19,153 | $22,843 |
| Jul 21 | $34,340 | $26,134 | $30,343 |
| Jul 22 | $23,225 | $24,921 | $27,589 |
| Jul 23 | $27,189 | $28,165 | $29,753 |
| Jul 24 | $28,851 | $34,403 | $32,402 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $51,090,557 |
| Number of Holdings* | 58 |
| Investment Advisory Fees | $295,281 |
| Portfolio Turnover | 173% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 6.11% | 6.02% | 11.18% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Consumer Discretionary Select Sector Index | 8.90 | 10.30 | 12.48 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 79% |
Swap Agreements | 71% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Consumer Discretionary Select Sector Index – Composition
| Retailing | 48% |
| Consumer Services | 22% |
| Automobiles & Components | 20% |
| Consumer Durables & Apparel | 10% |
| Company | % of Net Assets |
|---|
| Amazon.com, Inc. | 17.5% |
| Tesla, Inc. | 13.5% |
| The Home Depot, Inc. | 7.6% |
| McDonald's Corp. | 3.5% |
| Lowe's Cos., Inc. | 3.0% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Consumer Discretionary Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Consumer Discretionary UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Consumer Staples UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Consumer Staples UltraSector ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $181 | 1.78% |
How did the Fund perform last year?
Consumer Staples UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Consumer Staples Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 5.93%and a volatility of 10.51%. The Index performance was driven by factors such as a market environment that generally favored leading technology companies over more defensive areas of the market. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $23,314 | S&P 500® Index $34,403 | S&P Consumer Staples Select Sector Index $23,881 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $12,154 | $11,121 | $11,982 |
| Jul 16 | $13,721 | $11,745 | $13,389 |
| Jul 17 | $14,787 | $13,629 | $13,923 |
| Jul 18 | $14,511 | $15,843 | $13,864 |
| Jul 19 | $15,294 | $17,108 | $15,871 |
| Jul 20 | $17,539 | $19,153 | $17,220 |
| Jul 21 | $27,197 | $26,134 | $20,177 |
| Jul 22 | $25,745 | $24,921 | $21,594 |
| Jul 23 | $22,591 | $28,165 | $22,544 |
| Jul 24 | $23,314 | $34,403 | $23,881 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $3,360,499 |
| Number of Holdings* | 44 |
| Investment Advisory Fees | $4,996 |
| Portfolio Turnover | 173% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 3.20% | 8.80% | 8.83% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Consumer Staples Select Sector Index | 5.93 | 8.51 | 9.10 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 84% |
| Swap Agreements | 66% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Consumer Staples Select Sector Index – Composition
| Food, Beverage & Tobacco | 43% |
| Food & Staples Retailing | 33% |
| Household & Personal Products | 24% |
| Company | % of Net Assets |
|---|
| The Procter & Gamble Co. | 11.8% |
| Costco Wholesale Corp. | 11.4% |
| Walmart, Inc. | 9.1% |
| The Coca-Cola Co. | 8.1% |
| Philip Morris International, Inc. | 4.2% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Consumer Staples Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Consumer Staples UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Consumer Staples UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Consumer Staples UltraSector ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $280 | 2.77% |
How did the Fund perform last year?
Consumer Staples UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Consumer Staples Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 5.93%and a volatility of 10.51%. The Index performance was driven by factors such as a market environment that generally favored leading technology companies over more defensive areas of the market. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $21,105 | S&P 500® Index $34,403 | S&P Consumer Staples Select Sector Index $23,881 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $12,033 | $11,121 | $11,982 |
| Jul 16 | $13,448 | $11,745 | $13,389 |
| Jul 17 | $14,351 | $13,629 | $13,923 |
| Jul 18 | $13,943 | $15,843 | $13,864 |
| Jul 19 | $14,553 | $17,108 | $15,871 |
| Jul 20 | $16,523 | $19,153 | $17,220 |
| Jul 21 | $25,366 | $26,134 | $20,177 |
| Jul 22 | $23,780 | $24,921 | $21,594 |
| Jul 23 | $20,661 | $28,165 | $22,544 |
| Jul 24 | $21,105 | $34,403 | $23,881 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $3,360,499 |
| Number of Holdings* | 44 |
| Investment Advisory Fees | $4,996 |
| Portfolio Turnover | 173% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 2.15% | 7.72% | 7.76% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Consumer Staples Select Sector Index | 5.93 | 8.51 | 9.10 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 84% |
| Swap Agreements | 66% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Consumer Staples Select Sector Index – Composition
| Food, Beverage & Tobacco | 43% |
| Food & Staples Retailing | 33% |
| Household & Personal Products | 24% |
| Company | % of Net Assets |
|---|
| The Procter & Gamble Co. | 11.8% |
| Costco Wholesale Corp. | 11.4% |
| Walmart, Inc. | 9.1% |
| The Coca-Cola Co. | 8.1% |
| Philip Morris International, Inc. | 4.2% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Consumer Staples Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Consumer Staples UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Energy UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Energy UltraSector ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $164 | 1.57% |
How did the Fund perform last year?
Energy UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Energy Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 10.22%and a volatility of 17.52%. The Index performance was driven by factors such as volatile though ultimately higher oil prices, and lingering inflation. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $8,326 | S&P 500® Index $34,403 | S&P Energy Select Sector Index $14,458 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $5,992 | $11,121 | $7,360 |
| Jul 16 | $5,659 | $11,745 | $7,372 |
| Jul 17 | $5,403 | $13,629 | $7,473 |
| Jul 18 | $6,888 | $15,843 | $8,957 |
| Jul 19 | $4,860 | $17,108 | $7,527 |
| Jul 20 | $2,013 | $19,153 | $4,696 |
| Jul 21 | $3,312 | $26,134 | $6,781 |
| Jul 22 | $6,652 | $24,921 | $11,283 |
| Jul 23 | $7,632 | $28,165 | $13,117 |
| Jul 24 | $8,326 | $34,403 | $14,458 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $24,881,116 |
| Number of Holdings* | 28 |
| Investment Advisory Fees | $269,796 |
| Portfolio Turnover | 158% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 9.09% | 11.37% | (1.82)% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Energy Select Sector Index | 10.22 | 13.95 | 3.76 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 85% |
| Swap Agreements | 65% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Energy Select Sector Index – Composition
| Oil, Gas & Consumable Fuels | 90% |
| Energy Equipment & Services | 10% |
| Company | % of Net Assets |
|---|
| Exxon Mobil Corp. | 19.8% |
| Chevron Corp. | 15.1% |
| EOG Resources, Inc. | 4.0% |
| Schlumberger N.V. | 4.0% |
| Phillips 66 | 3.7% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Energy Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Energy UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Energy UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Energy UltraSector ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $267 | 2.57% |
How did the Fund perform last year?
Energy UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Energy Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 10.22%and a volatility of 17.52%. The Index performance was driven by factors such as volatile though ultimately higher oil prices, and lingering inflation. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $7,538 | S&P 500® Index $34,403 | S&P Energy Select Sector Index $14,458 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $5,933 | $11,121 | $7,360 |
| Jul 16 | $5,548 | $11,745 | $7,372 |
| Jul 17 | $5,244 | $13,629 | $7,473 |
| Jul 18 | $6,621 | $15,843 | $8,957 |
| Jul 19 | $4,624 | $17,108 | $7,527 |
| Jul 20 | $1,899 | $19,153 | $4,696 |
| Jul 21 | $3,090 | $26,134 | $6,781 |
| Jul 22 | $6,146 | $24,921 | $11,283 |
| Jul 23 | $6,979 | $28,165 | $13,117 |
| Jul 24 | $7,538 | $34,403 | $14,458 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $24,881,116 |
| Number of Holdings* | 28 |
| Investment Advisory Fees | $269,796 |
| Portfolio Turnover | 158% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 8.00% | 10.27% | (2.79)% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Energy Select Sector Index | 10.22 | 13.95 | 3.76 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 85% |
| Swap Agreements | 65% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Energy Select Sector Index – Composition
| Oil, Gas & Consumable Fuels | 90% |
| Energy Equipment & Services | 10% |
| Company | % of Net Assets |
|---|
| Exxon Mobil Corp. | 19.8% |
| Chevron Corp. | 15.1% |
| EOG Resources, Inc. | 4.0% |
| Schlumberger N.V. | 4.0% |
| Phillips 66 | 3.7% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Energy Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Energy UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Europe 30 ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $192 | 1.78% |
How did the Fund perform last year?
Europe 30 ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the ProFunds Europe 30 Index (the "Index"). The Fund invests in securities that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a price return of 12.29% and a volatility of 12.17%. The index performance was driven by factors such as having a substantial underweight to technology compared to the S&P 500®, which contributed to underperformance relative to the S&P 500®. Primary factors affecting Fund performance include the total return of the securities held by the Fund, expenses, transaction costs, the volatility of a Fund's index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $14,056 | S&P Global 1200 Index $26,048 | ProFunds Europe 30 Index® $11,714 | STOXX Europe 50® Index $16,453 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $9,050 | $10,453 | $8,895 | $9,813 |
| Jul 16 | $8,310 | $10,532 | $7,986 | $8,631 |
| Jul 17 | $10,013 | $12,388 | $9,447 | $10,071 |
| Jul 18 | $10,544 | $13,900 | $9,736 | $10,608 |
| Jul 19 | $10,127 | $14,434 | $8,943 | $10,486 |
| Jul 20 | $8,869 | $15,556 | $7,893 | $10,496 |
| Jul 21 | $11,653 | $20,914 | $10,311 | $13,166 |
| Jul 22 | $10,908 | $19,229 | $9,569 | $11,980 |
| Jul 23 | $12,122 | $21,924 | $10,432 | $14,727 |
| Jul 24 | $14,056 | $26,048 | $11,714 | $16,453 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $4,214,158 |
| Number of Holdings* | 30 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | 804% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 15.96% | 6.78% | 3.46% |
| S&P Global 1200 Index | 18.81 | 12.53 | 10.05 |
ProFunds Europe 30 Index® | 12.29 | 5.55 | 1.59 |
STOXX Europe 50® Index | 11.72 | 9.43 | 5.11 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 100% |
| Total | 100% |
| Footnote | Description |
Footnote | "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. |
ProFunds Europe 30 Index® – Composition
| Information Technology | 21% |
| Health Care | 19% |
| Energy | 19% |
| Consumer Staples | 13% |
| Financials | 11% |
| Other | 17% |
| Company | % of Net Assets |
|---|
| SAP SE | 7.1% |
| ASML Holding N.V. | 6.5% |
| Shell PLC | 6.2% |
| Sanofi S.A. | 4.3% |
| HSBC Holdings PLC | 4.2% |
| United Kingdom | 47% |
| Netherlands | 13% |
| Germany | 9% |
| France | 8% |
| Other | 23% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Europe 30 ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $299 | 2.78% |
How did the Fund perform last year?
Europe 30 ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the ProFunds Europe 30 Index (the "Index"). The Fund invests in securities that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a price return of 12.29% and a volatility of 12.17%. The index performance was driven by factors such as having a substantial underweight to technology compared to the S&P 500®, which contributed to underperformance relative to the S&P 500®. Primary factors affecting Fund performance include the total return of the securities held by the Fund, expenses, transaction costs, the volatility of a Fund's index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $12,710 | S&P Global 1200 Index $26,048 | ProFunds Europe 30 Index® $11,714 | STOXX Europe 50® Index $16,453 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $8,966 | $10,453 | $8,895 | $9,813 |
| Jul 16 | $8,156 | $10,532 | $7,986 | $8,631 |
| Jul 17 | $9,729 | $12,388 | $9,447 | $10,071 |
| Jul 18 | $10,132 | $13,900 | $9,736 | $10,608 |
| Jul 19 | $9,645 | $14,434 | $8,943 | $10,486 |
| Jul 20 | $8,347 | $15,556 | $7,893 | $10,496 |
| Jul 21 | $10,862 | $20,914 | $10,311 | $13,166 |
| Jul 22 | $10,069 | $19,229 | $9,569 | $11,980 |
| Jul 23 | $11,074 | $21,924 | $10,432 | $14,727 |
| Jul 24 | $12,710 | $26,048 | $11,714 | $16,453 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $4,214,158 |
| Number of Holdings* | 30 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | 804% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 14.77% | 5.67% | 2.43% |
| S&P Global 1200 Index | 18.81 | 12.53 | 10.05 |
ProFunds Europe 30 Index® | 12.29 | 5.55 | 1.59 |
STOXX Europe 50® Index | 11.72 | 9.43 | 5.11 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 100% |
| Total | 100% |
| Footnote | Description |
Footnote | "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. |
ProFunds Europe 30 Index® – Composition
| Information Technology | 21% |
| Health Care | 19% |
| Energy | 19% |
| Consumer Staples | 13% |
| Financials | 11% |
| Other | 17% |
| Company | % of Net Assets |
|---|
| SAP SE | 7.1% |
| ASML Holding N.V. | 6.5% |
| Shell PLC | 6.2% |
| Sanofi S.A. | 4.3% |
| HSBC Holdings PLC | 4.2% |
| United Kingdom | 47% |
| Netherlands | 13% |
| Germany | 9% |
| France | 8% |
| Other | 23% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Falling U.S. Dollar ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Falling U.S. Dollar ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $177 | 1.78% |
How did the Fund perform last year?
Falling U.S. Dollar ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the daily performance of the basket of non-U.S. currencies included in the ICE® U.S. Dollar Index® (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a price return of 2.20% and a volatility of 5.54%. Index returns were driven by range-bound dollar trading. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Fund's Index), expenses, transaction costs, the volatility of the Fund's Index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $6,556 | S&P 500® Index $34,403 | ICE® U.S. Dollar Index $12,780 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $8,201 | $11,121 | $11,950 |
| Jul 16 | $8,169 | $11,745 | $11,728 |
| Jul 17 | $8,174 | $13,629 | $11,400 |
| Jul 18 | $7,833 | $15,843 | $11,604 |
| Jul 19 | $7,346 | $17,108 | $12,106 |
| Jul 20 | $7,548 | $19,153 | $11,460 |
| Jul 21 | $7,466 | $26,134 | $11,315 |
| Jul 22 | $6,357 | $24,921 | $13,001 |
| Jul 23 | $6,605 | $28,165 | $12,505 |
| Jul 24 | $6,556 | $34,403 | $12,780 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $1,147,441 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (0.75)% | (2.25)% | (4.13)% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
ICE® U.S. Dollar Index | 2.20 | 1.09 | 2.48 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Forward Currency Contracts | 100% |
| Total | 100% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
ICE® U.S. Dollar Index – Composition
| Euro | 57% |
| Japanese yen | 14% |
| British pound | 12% |
| Canadian dollar | 9% |
| Swedish krona | 4% |
| Swiss franc | 4% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
The "U.S. Dollar Index®" is a trademark of ICE Data Indices, LLC (“IDI”) and has been licensed for use by ProFunds. ProFunds have not been passed on by IDI as to their legality or suitability. ProFunds based on IDI indexes are not sponsored, endorsed, sold or promoted by IDI or its affiliates, and they make no representation regarding the advisability of investing in ProFunds, or the ability of the index to track general financial market performance.
Falling U.S. Dollar ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Falling U.S. Dollar ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Falling U.S. Dollar ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $276 | 2.78% |
How did the Fund perform last year?
Falling U.S. Dollar ProFund (the "Fund") seeks daily investment results, before fees and expenses, that correspond to the daily performance of the basket of non-U.S. currencies included in the ICE® U.S. Dollar Index® (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a price return of 2.20% and a volatility of 5.54%. Index returns were driven by range-bound dollar trading. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Fund's Index), expenses, transaction costs, the volatility of the Fund's Index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $5,955 | S&P 500® Index $34,403 | ICE® U.S. Dollar Index $12,780 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $8,117 | $11,121 | $11,950 |
| Jul 16 | $8,009 | $11,745 | $11,728 |
| Jul 17 | $7,938 | $13,629 | $11,400 |
| Jul 18 | $7,535 | $15,843 | $11,604 |
| Jul 19 | $7,001 | $17,108 | $12,106 |
| Jul 20 | $7,129 | $19,153 | $11,460 |
| Jul 21 | $6,977 | $26,134 | $11,315 |
| Jul 22 | $5,875 | $24,921 | $13,001 |
| Jul 23 | $6,041 | $28,165 | $12,505 |
| Jul 24 | $5,955 | $34,403 | $12,780 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $1,147,441 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (1.41)% | (3.18)% | (5.05)% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
ICE® U.S. Dollar Index | 2.20 | 1.09 | 2.48 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Forward Currency Contracts | 100% |
| Total | 100% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
ICE® U.S. Dollar Index – Composition
| Euro | 57% |
| Japanese yen | 14% |
| British pound | 12% |
| Canadian dollar | 9% |
| Swedish krona | 4% |
| Swiss franc | 4% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
The "U.S. Dollar Index®" is a trademark of ICE Data Indices, LLC (“IDI”) and has been licensed for use by ProFunds. ProFunds have not been passed on by IDI as to their legality or suitability. ProFunds based on IDI indexes are not sponsored, endorsed, sold or promoted by IDI or its affiliates, and they make no representation regarding the advisability of investing in ProFunds, or the ability of the index to track general financial market performance.
Falling U.S. Dollar ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Financials UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Financials UltraSector ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $210 | 1.80% |
How did the Fund perform last year?
Financials UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Financial Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 26.11%and a volatility of 12.01%. The Index performance was driven by factors such as a rebound driven by low valuation and previous underperformance overcame an inverted yield curve. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $31,343 | S&P 500® Index $34,403 | S&P Financial Select Sector Index $29,533 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $12,088 | $11,121 | $11,440 |
| Jul 16 | $11,330 | $11,745 | $11,008 |
| Jul 17 | $15,398 | $13,629 | $14,640 |
| Jul 18 | $17,920 | $15,843 | $16,612 |
| Jul 19 | $19,196 | $17,108 | $17,187 |
| Jul 20 | $15,088 | $19,153 | $14,984 |
| Jul 21 | $25,952 | $26,134 | $23,257 |
| Jul 22 | $22,760 | $24,921 | $21,868 |
| Jul 23 | $23,419 | $28,165 | $23,418 |
| Jul 24 | $31,343 | $34,403 | $29,533 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $34,465,575 |
| Number of Holdings* | 78 |
| Investment Advisory Fees | $144,278 |
| Portfolio Turnover | 178% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 33.84% | 10.30% | 12.10% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Financial Select Sector Index | 26.11 | 11.44 | 11.44 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 75% |
| Swap Agreements | 75% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Financial Select Sector Index – Composition
| Diversified Financials | 58% |
| Banks | 26% |
| Insurance | 16% |
| Company | % of Net Assets |
|---|
| Berkshire Hathaway, Inc. | 9.8% |
| JPMorgan Chase & Co. | 7.5% |
| Visa, Inc. | 5.2% |
| Mastercard, Inc. | 4.7% |
| Bank of America Corp. | 3.4% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Financial Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Financials UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Financials UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Financials UltraSector ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $325 | 2.80% |
How did the Fund perform last year?
Financials UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Financial Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 26.11%and a volatility of 12.01%. The Index performance was driven by factors such as a rebound driven by low valuation and previous underperformance overcame an inverted yield curve. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $28,333 | S&P 500® Index $34,403 | S&P Financial Select Sector Index $29,533 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,964 | $11,121 | $11,440 |
| Jul 16 | $11,107 | $11,745 | $11,008 |
| Jul 17 | $14,948 | $13,629 | $14,640 |
| Jul 18 | $17,223 | $15,843 | $16,612 |
| Jul 19 | $18,261 | $17,108 | $17,187 |
| Jul 20 | $14,207 | $19,153 | $14,984 |
| Jul 21 | $24,180 | $26,134 | $23,257 |
| Jul 22 | $21,001 | $24,921 | $21,868 |
| Jul 23 | $21,399 | $28,165 | $23,418 |
| Jul 24 | $28,333 | $34,403 | $29,533 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $34,465,575 |
| Number of Holdings* | 78 |
| Investment Advisory Fees | $144,278 |
| Portfolio Turnover | 178% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 32.40% | 9.18% | 10.98% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Financial Select Sector Index | 26.11 | 11.44 | 11.44 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 75% |
| Swap Agreements | 75% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Financial Select Sector Index – Composition
| Diversified Financials | 58% |
| Banks | 26% |
| Insurance | 16% |
| Company | % of Net Assets |
|---|
| Berkshire Hathaway, Inc. | 9.8% |
| JPMorgan Chase & Co. | 7.5% |
| Visa, Inc. | 5.2% |
| Mastercard, Inc. | 4.7% |
| Bank of America Corp. | 3.4% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Financial Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Financials UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Health Care UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Health Care UltraSector ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $180 | 1.68% |
How did the Fund perform last year?
Health Care UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Health Care Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 13.48%and a volatility of 10.28%. The Index performance was driven by factors such as a market environment that generally favored leading technology companies over more defensive areas of the market. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $33,089 | S&P 500® Index $34,403 | S&P Health Care Select Sector Index $29,265 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $14,308 | $11,121 | $12,755 |
| Jul 16 | $13,436 | $11,745 | $12,753 |
| Jul 17 | $14,819 | $13,629 | $13,774 |
| Jul 18 | $17,673 | $15,843 | $15,588 |
| Jul 19 | $17,945 | $17,108 | $16,257 |
| Jul 20 | $22,021 | $19,153 | $19,307 |
| Jul 21 | $30,911 | $26,134 | $24,584 |
| Jul 22 | $29,104 | $24,921 | $25,030 |
| Jul 23 | $28,815 | $28,165 | $25,788 |
| Jul 24 | $33,089 | $34,403 | $29,265 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $15,003,652 |
| Number of Holdings* | 69 |
| Investment Advisory Fees | $117,510 |
| Portfolio Turnover | 55% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 14.83% | 13.02% | 12.71% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Health Care Select Sector Index | 13.48 | 12.48 | 11.34 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 84% |
| Swap Agreements | 66% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Health Care Select Sector Index – Composition
| Pharmaceuticals | 31% |
| Health Care Providers & Services | 22% |
| Health Care Equipment & Supplies | 19% |
| Biotechnology | 17% |
| Life Sciences Tools & Services | 11% |
| Company | % of Net Assets |
|---|
| Eli Lilly & Co. | 9.8% |
| UnitedHealth Group, Inc. | 8.1% |
| Johnson & Johnson | 5.8% |
| AbbVie, Inc. | 5.0% |
| Merck & Co., Inc. | 4.4% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Health Care Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Health Care UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Health Care UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Health Care UltraSector ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $286 | 2.68% |
How did the Fund perform last year?
Health Care UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Health Care Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 13.48%and a volatility of 10.28%. The Index performance was driven by factors such as a market environment that generally favored leading technology companies over more defensive areas of the market. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $29,969 | S&P 500® Index $34,403 | S&P Health Care Select Sector Index $29,265 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $14,164 | $11,121 | $12,755 |
| Jul 16 | $13,167 | $11,745 | $12,753 |
| Jul 17 | $14,380 | $13,629 | $13,774 |
| Jul 18 | $16,982 | $15,843 | $15,588 |
| Jul 19 | $17,075 | $17,108 | $16,257 |
| Jul 20 | $20,753 | $19,153 | $19,307 |
| Jul 21 | $28,853 | $26,134 | $24,584 |
| Jul 22 | $26,894 | $24,921 | $25,030 |
| Jul 23 | $26,361 | $28,165 | $25,788 |
| Jul 24 | $29,969 | $34,403 | $29,265 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $15,003,652 |
| Number of Holdings* | 69 |
| Investment Advisory Fees | $117,510 |
| Portfolio Turnover | 55% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 13.69% | 11.91% | 11.60% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Health Care Select Sector Index | 13.48 | 12.48 | 11.34 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 84% |
| Swap Agreements | 66% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Health Care Select Sector Index – Composition
| Pharmaceuticals | 31% |
| Health Care Providers & Services | 22% |
| Health Care Equipment & Supplies | 19% |
| Biotechnology | 17% |
| Life Sciences Tools & Services | 11% |
| Company | % of Net Assets |
|---|
| Eli Lilly & Co. | 9.8% |
| UnitedHealth Group, Inc. | 8.1% |
| Johnson & Johnson | 5.8% |
| AbbVie, Inc. | 5.0% |
| Merck & Co., Inc. | 4.4% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Health Care Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Health Care UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Industrials UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Industrials UltraSector ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $196 | 1.78% |
How did the Fund perform last year?
Industrials UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Industrials Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 17.77%and a volatility of 12.75%. The Index performance was driven by factors such as a cyclical recovery following the pandemic. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $32,859 | S&P 500® Index $34,403 | S&P Industrials Select Sector Index $30,114 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $10,894 | $11,121 | $10,686 |
| Jul 16 | $12,117 | $11,745 | $11,717 |
| Jul 17 | $15,348 | $13,629 | $14,091 |
| Jul 18 | $18,415 | $15,843 | $16,175 |
| Jul 19 | $19,561 | $17,108 | $16,754 |
| Jul 20 | $18,234 | $19,153 | $15,799 |
| Jul 21 | $30,498 | $26,134 | $23,135 |
| Jul 22 | $24,249 | $24,921 | $21,741 |
| Jul 23 | $27,209 | $28,165 | $25,571 |
| Jul 24 | $32,859 | $34,403 | $30,114 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $6,308,156 |
| Number of Holdings* | 84 |
| Investment Advisory Fees | $113,519 |
| Portfolio Turnover | 391% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 20.77% | 10.93% | 12.63% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Industrials Select Sector Index | 17.77 | 12.44 | 11.65 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 80% |
| Swap Agreements | 70% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Industrials Select Sector Index – Composition
| Capital Goods | 68% |
| Transportation | 18% |
| Commercial & Professional Services | 14% |
| Company | % of Net Assets |
|---|
| General Electric Co. | 3.8% |
| Caterpillar, Inc. | 3.5% |
| RTX Corp. | 3.2% |
| Union Pacific Corp. | 3.1% |
| Uber Technologies, Inc. | 2.8% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Industrials Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Industrials UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Industrials UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Industrials UltraSector ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $305 | 2.78% |
How did the Fund perform last year?
Industrials UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Industrials Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 17.77%and a volatility of 12.75%. The Index performance was driven by factors such as a cyclical recovery following the pandemic. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $29,720 | S&P 500® Index $34,403 | S&P Industrials Select Sector Index $30,114 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $10,786 | $11,121 | $10,686 |
| Jul 16 | $11,880 | $11,745 | $11,717 |
| Jul 17 | $14,897 | $13,629 | $14,091 |
| Jul 18 | $17,697 | $15,843 | $16,175 |
| Jul 19 | $18,610 | $17,108 | $16,754 |
| Jul 20 | $17,178 | $19,153 | $15,799 |
| Jul 21 | $28,442 | $26,134 | $23,135 |
| Jul 22 | $22,388 | $24,921 | $21,741 |
| Jul 23 | $24,862 | $28,165 | $25,571 |
| Jul 24 | $29,720 | $34,403 | $30,114 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $6,308,156 |
| Number of Holdings* | 84 |
| Investment Advisory Fees | $113,519 |
| Portfolio Turnover | 391% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 19.54% | 9.82% | 11.51% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Industrials Select Sector Index | 17.77 | 12.44 | 11.65 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 80% |
| Swap Agreements | 70% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Industrials Select Sector Index – Composition
| Capital Goods | 68% |
| Transportation | 18% |
| Commercial & Professional Services | 14% |
| Company | % of Net Assets |
|---|
| General Electric Co. | 3.8% |
| Caterpillar, Inc. | 3.5% |
| RTX Corp. | 3.2% |
| Union Pacific Corp. | 3.1% |
| Uber Technologies, Inc. | 2.8% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Industrials Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Industrials UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Internet UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Internet UltraSector ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $161 | 1.49% |
How did the Fund perform last year?
Internet UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the Dow Jones Internet Composite Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 15.04% and a volatility of 19.51%. The Index performance was driven by strong technology returns during the period. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $40,256 | S&P 500® Index $34,403 | Dow Jones Internet Composite Index $35,586 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $13,296 | $11,121 | $12,340 |
| Jul 16 | $14,243 | $11,745 | $13,286 |
| Jul 17 | $20,089 | $13,629 | $17,035 |
| Jul 18 | $31,237 | $15,843 | $23,458 |
| Jul 19 | $33,559 | $17,108 | $25,486 |
| Jul 20 | $44,737 | $19,153 | $32,257 |
| Jul 21 | $65,099 | $26,134 | $42,612 |
| Jul 22 | $27,406 | $24,921 | $25,132 |
| Jul 23 | $34,641 | $28,165 | $30,933 |
| Jul 24 | $40,256 | $34,403 | $35,586 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $78,108,721 |
| Number of Holdings* | 47 |
| Investment Advisory Fees | $650,010 |
| Portfolio Turnover | 40% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 16.21% | 3.71% | 14.94% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| Dow Jones Internet Composite Index | 15.04 | 6.90 | 13.53 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 85% |
| Swap Agreements | 65% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Dow Jones Internet Composite Index – Composition
| Interactive Media & Services | 21% |
| Software | 20% |
| Hotels, Restaurants & Leisure | 12% |
| Multiline Retail | 12% |
| Communications Equipment | 11% |
| Other | 24% |
| Company | % of Net Assets |
|---|
| Amazon.com, Inc. | 8.6% |
| Alphabet, Inc. | 7.9% |
| Meta Platforms, Inc. | 7.8% |
| Netflix, Inc. | 5.3% |
| Salesforce, Inc. | 4.5% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"The Dow 30SM" and "Dow Jones Industrial Average" are products of "Dow Jones Indexes", the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"). "Dow Jones®", "DJ", "Dow Jones Indexes", "The Dow 30" and "Dow Jones Internet CompositeSM Index" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed to CME Indexes and sublicensed to ProFunds. ProFunds have not been passed on by CME Indexes or Dow Jones as to their legality or suitability. ProFunds based on The Dow 30 are not sponsored, endorsed, sold or promoted by CME Indexes or Dow Jones, and they make no representation regarding the advisability of investing in ProFunds.
Internet UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Internet UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Internet UltraSector ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $268 | 2.49% |
How did the Fund perform last year?
Internet UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the Dow Jones Internet Composite Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 15.04% and a volatility of 19.51%. The Index performance was driven by strong technology returns during the period. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $36,429 | S&P 500® Index $34,403 | Dow Jones Internet Composite Index $35,586 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $13,169 | $11,121 | $12,340 |
| Jul 16 | $13,962 | $11,745 | $13,286 |
| Jul 17 | $19,497 | $13,629 | $17,035 |
| Jul 18 | $30,016 | $15,843 | $23,458 |
| Jul 19 | $31,923 | $17,108 | $25,486 |
| Jul 20 | $42,142 | $19,153 | $32,257 |
| Jul 21 | $60,715 | $26,134 | $42,612 |
| Jul 22 | $25,303 | $24,921 | $25,132 |
| Jul 23 | $31,666 | $28,165 | $30,933 |
| Jul 24 | $36,429 | $34,403 | $35,586 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $78,108,721 |
| Number of Holdings* | 47 |
| Investment Advisory Fees | $650,010 |
| Portfolio Turnover | 40% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 15.04% | 2.68% | 13.80% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| Dow Jones Internet Composite Index | 15.04 | 6.90 | 13.53 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 85% |
| Swap Agreements | 65% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Dow Jones Internet Composite Index – Composition
| Interactive Media & Services | 21% |
| Software | 20% |
| Hotels, Restaurants & Leisure | 12% |
| Multiline Retail | 12% |
| Communications Equipment | 11% |
| Other | 24% |
| Company | % of Net Assets |
|---|
| Amazon.com, Inc. | 8.6% |
| Alphabet, Inc. | 7.9% |
| Meta Platforms, Inc. | 7.8% |
| Netflix, Inc. | 5.3% |
| Salesforce, Inc. | 4.5% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"The Dow 30SM" and "Dow Jones Industrial Average" are products of "Dow Jones Indexes", the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"). "Dow Jones®", "DJ", "Dow Jones Indexes", "The Dow 30" and "Dow Jones Internet CompositeSM Index" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed to CME Indexes and sublicensed to ProFunds. ProFunds have not been passed on by CME Indexes or Dow Jones as to their legality or suitability. ProFunds based on The Dow 30 are not sponsored, endorsed, sold or promoted by CME Indexes or Dow Jones, and they make no representation regarding the advisability of investing in ProFunds.
Internet UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Large-Cap Growth ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $194 | 1.73% |
How did the Fund perform last year?
Large-Cap Growth ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the S&P 500® Growth Index (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 26.92% and a volatility of 15.34%. The index performance was driven by factors such as post-pandemic economic expansion and exuberance for AI and the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the securities held by the Fund, expenses, transaction costs, the volatility of a Fund's index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $33,413 | S&P 500® Index $34,403 | S&P 500® Growth Index $40,311 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,331 | $11,121 | $11,549 |
| Jul 16 | $11,696 | $11,745 | $12,159 |
| Jul 17 | $13,438 | $13,629 | $14,223 |
| Jul 18 | $16,045 | $15,843 | $17,296 |
| Jul 19 | $17,258 | $17,108 | $18,948 |
| Jul 20 | $21,017 | $19,153 | $23,600 |
| Jul 21 | $28,363 | $26,134 | $32,362 |
| Jul 22 | $25,329 | $24,921 | $29,407 |
| Jul 23 | $26,843 | $28,165 | $31,760 |
| Jul 24 | $33,413 | $34,403 | $40,311 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $23,024,337 |
| Number of Holdings* | 238 |
| Investment Advisory Fees | $164,269 |
| Portfolio Turnover | 1061% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 24.47% | 14.13% | 12.82% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
S&P 500® Growth Index | 26.92 | 16.30 | 14.96 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 100% |
| Total | 100% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P 500® Growth Index – Composition
| Information Technology | 50% |
| Consumer Discretionary | 14% |
| Communication Services | 12% |
| Health Care | 7% |
| Industrials | 6% |
| Other | 11% |
| Company | % of Net Assets |
|---|
| Apple, Inc. | 12.3% |
| Microsoft Corp. | 11.9% |
| NVIDIA Corp. | 11.0% |
| Alphabet, Inc. | 7.1% |
| Amazon.com, Inc. | 4.4% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P 500® Growth Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Large-Cap Growth ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $304 | 2.72% |
How did the Fund perform last year?
Large-Cap Growth ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the S&P 500® Growth Index (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 26.92% and a volatility of 15.34%. The index performance was driven by factors such as post-pandemic economic expansion and exuberance for AI and the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the securities held by the Fund, expenses, transaction costs, the volatility of a Fund's index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $30,244 | S&P 500® Index $34,403 | S&P 500® Growth Index $40,311 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,222 | $11,121 | $11,549 |
| Jul 16 | $11,467 | $11,745 | $12,159 |
| Jul 17 | $13,044 | $13,629 | $14,223 |
| Jul 18 | $15,419 | $15,843 | $17,296 |
| Jul 19 | $16,421 | $17,108 | $18,948 |
| Jul 20 | $19,793 | $19,153 | $23,600 |
| Jul 21 | $26,445 | $26,134 | $32,362 |
| Jul 22 | $23,387 | $24,921 | $29,407 |
| Jul 23 | $24,542 | $28,165 | $31,760 |
| Jul 24 | $30,244 | $34,403 | $40,311 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $23,024,337 |
| Number of Holdings* | 238 |
| Investment Advisory Fees | $164,269 |
| Portfolio Turnover | 1061% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 23.23% | 12.99% | 11.70% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
S&P 500® Growth Index | 26.92 | 16.30 | 14.96 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 100% |
| Total | 100% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P 500® Growth Index – Composition
| Information Technology | 50% |
| Consumer Discretionary | 14% |
| Communication Services | 12% |
| Health Care | 7% |
| Industrials | 6% |
| Other | 11% |
| Company | % of Net Assets |
|---|
| Apple, Inc. | 12.3% |
| Microsoft Corp. | 11.9% |
| NVIDIA Corp. | 11.0% |
| Alphabet, Inc. | 7.1% |
| Amazon.com, Inc. | 4.4% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P 500® Growth Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Large-Cap Value ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $195 | 1.82% |
How did the Fund perform last year?
Large-Cap Value ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the S&P 500® Value Index (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 16.78% and a volatility of 10.67%. The index performance was driven by the strong equity environment, though its returns lagged the S&P 500® in part due to a relative underweight to technology. Primary factors affecting Fund performance include the total return of the securities held by the Fund, expenses, transaction costs, the volatility of a Fund's index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $22,757 | S&P 500® Index $34,403 | S&P 500® Value Index $27,316 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $10,473 | $11,121 | $10,659 |
| Jul 16 | $10,903 | $11,745 | $11,276 |
| Jul 17 | $12,226 | $13,629 | $12,893 |
| Jul 18 | $13,263 | $15,843 | $14,237 |
| Jul 19 | $13,850 | $17,108 | $15,131 |
| Jul 20 | $13,219 | $19,153 | $14,719 |
| Jul 21 | $17,619 | $26,134 | $19,971 |
| Jul 22 | $17,316 | $24,921 | $19,965 |
| Jul 23 | $19,897 | $28,165 | $23,390 |
| Jul 24 | $22,757 | $34,403 | $27,316 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $7,174,973 |
| Number of Holdings* | 446 |
| Investment Advisory Fees | $127,151 |
| Portfolio Turnover | 762% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 14.38% | 10.44% | 8.57% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
S&P 500® Value Index | 16.78 | 12.54 | 10.57 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 100% |
| Total | 100% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P 500® Value Index – Composition
| Financials | 23% |
| Health Care | 18% |
| Industrials | 12% |
| Consumer Staples | 10% |
| Information Technology | 8% |
| Other | 29% |
| Company | % of Net Assets |
|---|
| Berkshire Hathaway, Inc. | 3.9% |
| JPMorgan Chase & Co. | 3.0% |
| Exxon Mobil Corp. | 2.6% |
| Johnson & Johnson | 1.9% |
| UnitedHealth Group, Inc. | 1.6% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P 500® Value Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Large-Cap Value ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $301 | 2.82% |
How did the Fund perform last year?
Large-Cap Value ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the S&P 500® Value Index (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 16.78% and a volatility of 10.67%. The index performance was driven by the strong equity environment, though its returns lagged the S&P 500® in part due to a relative underweight to technology. Primary factors affecting Fund performance include the total return of the securities held by the Fund, expenses, transaction costs, the volatility of a Fund's index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $20,575 | S&P 500® Index $34,403 | S&P 500® Value Index $27,316 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $10,367 | $11,121 | $10,659 |
| Jul 16 | $10,685 | $11,745 | $11,276 |
| Jul 17 | $11,860 | $13,629 | $12,893 |
| Jul 18 | $12,739 | $15,843 | $14,237 |
| Jul 19 | $13,173 | $17,108 | $15,131 |
| Jul 20 | $12,444 | $19,153 | $14,719 |
| Jul 21 | $16,423 | $26,134 | $19,971 |
| Jul 22 | $15,980 | $24,921 | $19,965 |
| Jul 23 | $18,173 | $28,165 | $23,390 |
| Jul 24 | $20,575 | $34,403 | $27,316 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $7,174,973 |
| Number of Holdings* | 446 |
| Investment Advisory Fees | $127,151 |
| Portfolio Turnover | 762% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 13.22% | 9.33% | 7.48% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
S&P 500® Value Index | 16.78 | 12.54 | 10.57 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 100% |
| Total | 100% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P 500® Value Index – Composition
| Financials | 23% |
| Health Care | 18% |
| Industrials | 12% |
| Consumer Staples | 10% |
| Information Technology | 8% |
| Other | 29% |
| Company | % of Net Assets |
|---|
| Berkshire Hathaway, Inc. | 3.9% |
| JPMorgan Chase & Co. | 3.0% |
| Exxon Mobil Corp. | 2.6% |
| Johnson & Johnson | 1.9% |
| UnitedHealth Group, Inc. | 1.6% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P 500® Value Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Materials UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Materials UltraSector ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $186 | 1.78% |
How did the Fund perform last year?
Materials UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Materials Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 9.76%and a volatility of 13.79%. The Index performance was driven by factors such as a cyclical recovery following the pandemic. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $20,639 | S&P 500® Index $34,403 | S&P Materials Select Sector Index $23,363 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $8,259 | $11,121 | $9,636 |
| Jul 16 | $9,052 | $11,745 | $10,460 |
| Jul 17 | $11,014 | $13,629 | $11,979 |
| Jul 18 | $12,847 | $15,843 | $13,329 |
| Jul 19 | $11,069 | $17,108 | $13,326 |
| Jul 20 | $10,931 | $19,153 | $14,111 |
| Jul 21 | $17,602 | $26,134 | $19,983 |
| Jul 22 | $16,013 | $24,921 | $18,977 |
| Jul 23 | $18,988 | $28,165 | $21,285 |
| Jul 24 | $20,639 | $34,403 | $23,363 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $5,371,816 |
| Number of Holdings* | 34 |
| Investment Advisory Fees | $30,079 |
| Portfolio Turnover | 146% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 8.69% | 13.27% | 7.51% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Materials Select Sector Index | 9.76 | 11.88 | 8.86 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 82% |
| Swap Agreements | 67% |
| Total | 149% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Materials Select Sector Index – Composition
| Chemicals | 65% |
| Metals & Mining | 17% |
| Containers & Packaging | 11% |
| Construction Materials | 7% |
| Company | % of Net Assets |
|---|
| Linde PLC | 17.2% |
| The Sherwin-Williams Co. | 6.5% |
| Freeport-McMoRan, Inc. | 5.2% |
| Air Products and Chemicals, Inc. | 4.6% |
| Ecolab, Inc. | 4.6% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Materials Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Materials UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Materials UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Materials UltraSector ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $289 | 2.78% |
How did the Fund perform last year?
Materials UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Materials Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 9.76%and a volatility of 13.79%. The Index performance was driven by factors such as a cyclical recovery following the pandemic. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $18,684 | S&P 500® Index $34,403 | S&P Materials Select Sector Index $23,363 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $8,177 | $11,121 | $9,636 |
| Jul 16 | $8,875 | $11,745 | $10,460 |
| Jul 17 | $10,695 | $13,629 | $11,979 |
| Jul 18 | $12,352 | $15,843 | $13,329 |
| Jul 19 | $10,534 | $17,108 | $13,326 |
| Jul 20 | $10,297 | $19,153 | $14,111 |
| Jul 21 | $16,418 | $26,134 | $19,983 |
| Jul 22 | $14,792 | $24,921 | $18,977 |
| Jul 23 | $17,362 | $28,165 | $21,285 |
| Jul 24 | $18,684 | $34,403 | $23,363 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $5,371,816 |
| Number of Holdings* | 34 |
| Investment Advisory Fees | $30,079 |
| Portfolio Turnover | 146% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 7.62% | 12.14% | 6.45% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Materials Select Sector Index | 9.76 | 11.88 | 8.86 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 82% |
| Swap Agreements | 67% |
| Total | 149% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Materials Select Sector Index – Composition
| Chemicals | 65% |
| Metals & Mining | 17% |
| Containers & Packaging | 11% |
| Construction Materials | 7% |
| Company | % of Net Assets |
|---|
| Linde PLC | 17.2% |
| The Sherwin-Williams Co. | 6.5% |
| Freeport-McMoRan, Inc. | 5.2% |
| Air Products and Chemicals, Inc. | 4.6% |
| Ecolab, Inc. | 4.6% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Materials Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Materials UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Mid-Cap Growth ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $193 | 1.78% |
How did the Fund perform last year?
Mid-Cap Growth ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the S&P MidCap 400® Growth Index (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 19.31% and a volatility of 15.66%. The index performance was driven by the strong equity environment, though its returns lagged the S&P 500® in part due to absence of the "Magnificent Seven". Primary factors affecting Fund performance include the total return of the securities held by the Fund, expenses, transaction costs, the volatility of a Fund's index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $22,837 | S&P Composite 1500® Index $33,623 | S&P MidCap 400® Growth Index $27,485 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,417 | $11,125 | $11,650 |
| Jul 16 | $11,600 | $11,749 | $12,037 |
| Jul 17 | $12,970 | $13,629 | $13,688 |
| Jul 18 | $14,793 | $15,854 | $15,926 |
| Jul 19 | $14,821 | $16,970 | $16,214 |
| Jul 20 | $15,291 | $18,735 | $17,087 |
| Jul 21 | $20,788 | $25,765 | $23,641 |
| Jul 22 | $18,079 | $24,543 | $20,980 |
| Jul 23 | $19,497 | $27,656 | $23,037 |
| Jul 24 | $22,837 | $33,623 | $27,485 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $5,648,784 |
| Number of Holdings* | 252 |
| Investment Advisory Fees | $30,554 |
| Portfolio Turnover | 650% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 17.13% | 9.03% | 8.61% |
S&P Composite 1500® Index | 21.57 | 14.65 | 12.89 |
S&P MidCap 400® Growth Index | 19.31 | 11.13 | 10.64 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 100% |
| Total | 100% |
| Footnote | Description |
Footnote | "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. |
S&P MidCap 400® Growth Index – Composition
| Industrials | 30% |
| Consumer Discretionary | 18% |
| Information Technology | 11% |
| Health Care | 10% |
| Financials | 9% |
| Other | 22% |
| Company | % of Net Assets |
|---|
| Carlisle Cos., Inc. | 1.4% |
| Williams-Sonoma, Inc. | 1.3% |
| Lennox International, Inc. | 1.3% |
| Pure Storage, Inc. | 1.2% |
| EMCOR Group, Inc. | 1.2% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P MidCap 400® Growth Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Mid-Cap Growth ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $300 | 2.78% |
How did the Fund perform last year?
Mid-Cap Growth ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the S&P MidCap 400® Growth Index (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 19.31% and a volatility of 15.66%. The index performance was driven by the strong equity environment, though its returns lagged the S&P 500® in part due to absence of the "Magnificent Seven". Primary factors affecting Fund performance include the total return of the securities held by the Fund, expenses, transaction costs, the volatility of a Fund's index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $20,649 | S&P Composite 1500® Index $33,623 | S&P MidCap 400® Growth Index $27,485 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,301 | $11,125 | $11,650 |
| Jul 16 | $11,366 | $11,749 | $12,037 |
| Jul 17 | $12,580 | $13,629 | $13,688 |
| Jul 18 | $14,205 | $15,854 | $15,926 |
| Jul 19 | $14,094 | $16,970 | $16,214 |
| Jul 20 | $14,393 | $18,735 | $17,087 |
| Jul 21 | $19,374 | $25,765 | $23,641 |
| Jul 22 | $16,682 | $24,543 | $20,980 |
| Jul 23 | $17,810 | $27,656 | $23,037 |
| Jul 24 | $20,649 | $33,623 | $27,485 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $5,648,784 |
| Number of Holdings* | 252 |
| Investment Advisory Fees | $30,554 |
| Portfolio Turnover | 650% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 15.94% | 7.94% | 7.52% |
S&P Composite 1500® Index | 21.57 | 14.65 | 12.89 |
S&P MidCap 400® Growth Index | 19.31 | 11.13 | 10.64 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 100% |
| Total | 100% |
| Footnote | Description |
Footnote | "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. |
S&P MidCap 400® Growth Index – Composition
| Industrials | 30% |
| Consumer Discretionary | 18% |
| Information Technology | 11% |
| Health Care | 10% |
| Financials | 9% |
| Other | 22% |
| Company | % of Net Assets |
|---|
| Carlisle Cos., Inc. | 1.4% |
| Williams-Sonoma, Inc. | 1.3% |
| Lennox International, Inc. | 1.3% |
| Pure Storage, Inc. | 1.2% |
| EMCOR Group, Inc. | 1.2% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P MidCap 400® Growth Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Mid-Cap ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $190 | 1.78% |
How did the Fund perform last year?
Mid-Cap ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the S&P MidCap 400® Index (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 15.41% and a volatility of 15.73%. The index performance was driven by the strong equity environment, with an underweight in technology offset by strong industrials performance relative to the S&P 500® . Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Fund's Index), expenses, transaction costs, the volatility of the Fund's Index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $21,800 | S&P Composite 1500® Index $33,623 | S&P MidCap 400® $26,499 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $10,947 | $11,125 | $11,130 |
| Jul 16 | $11,346 | $11,749 | $11,746 |
| Jul 17 | $12,770 | $13,629 | $13,471 |
| Jul 18 | $14,349 | $15,854 | $15,424 |
| Jul 19 | $14,169 | $16,970 | $15,546 |
| Jul 20 | $13,387 | $18,735 | $14,996 |
| Jul 21 | $19,265 | $25,765 | $22,042 |
| Jul 22 | $17,807 | $24,543 | $20,785 |
| Jul 23 | $19,275 | $27,656 | $22,962 |
| Jul 24 | $21,800 | $33,623 | $26,499 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $10,518,332 |
| Number of Holdings* | 407 |
| Investment Advisory Fees | $55,657 |
| Portfolio Turnover | 262% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 13.10% | 9.00% | 8.10% |
S&P Composite 1500® Index | 21.57 | 14.65 | 12.89 |
S&P MidCap 400® | 15.41 | 11.26 | 10.24 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 48% |
| Swap Agreements | 51% |
| Total | 99% |
| Footnote | Description |
Footnote | "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. |
S&P MidCap 400® – Composition
| Industrials | 22% |
| Financials | 17% |
| Consumer Discretionary | 15% |
| Health Care | 10% |
| Information Technology | 9% |
| Other | 27% |
| Company | % of Net Assets |
|---|
| Carlisle Cos., Inc. | 0.3% |
| Williams-Sonoma, Inc. | 0.3% |
| Illumina, Inc. | 0.3% |
| Lennox International, Inc. | 0.3% |
| Pure Storage, Inc. | 0.3% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P MidCap 400®" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Mid-Cap ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $295 | 2.78% |
How did the Fund perform last year?
Mid-Cap ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the S&P MidCap 400® Index (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 15.41% and a volatility of 15.73%. The index performance was driven by the strong equity environment, with an underweight in technology offset by strong industrials performance relative to the S&P 500® . Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Fund's Index), expenses, transaction costs, the volatility of the Fund's Index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $19,722 | S&P Composite 1500® Index $33,623 | S&P MidCap 400® $26,499 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $10,840 | $11,125 | $11,130 |
| Jul 16 | $11,118 | $11,749 | $11,746 |
| Jul 17 | $12,390 | $13,629 | $13,471 |
| Jul 18 | $13,782 | $15,854 | $15,424 |
| Jul 19 | $13,474 | $16,970 | $15,546 |
| Jul 20 | $12,605 | $18,735 | $14,996 |
| Jul 21 | $17,958 | $25,765 | $22,042 |
| Jul 22 | $16,436 | $24,543 | $20,785 |
| Jul 23 | $17,614 | $27,656 | $22,962 |
| Jul 24 | $19,722 | $33,623 | $26,499 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $10,518,332 |
| Number of Holdings* | 407 |
| Investment Advisory Fees | $55,657 |
| Portfolio Turnover | 262% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 11.97% | 7.92% | 7.03% |
S&P Composite 1500® Index | 21.57 | 14.65 | 12.89 |
S&P MidCap 400® | 15.41 | 11.26 | 10.24 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 48% |
| Swap Agreements | 51% |
| Total | 99% |
| Footnote | Description |
Footnote | "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. |
S&P MidCap 400® – Composition
| Industrials | 22% |
| Financials | 17% |
| Consumer Discretionary | 15% |
| Health Care | 10% |
| Information Technology | 9% |
| Other | 27% |
| Company | % of Net Assets |
|---|
| Carlisle Cos., Inc. | 0.3% |
| Williams-Sonoma, Inc. | 0.3% |
| Illumina, Inc. | 0.3% |
| Lennox International, Inc. | 0.3% |
| Pure Storage, Inc. | 0.3% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P MidCap 400®" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Mid-Cap Value ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $186 | 1.78% |
How did the Fund perform last year?
Mid-Cap Value ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the S&P MidCap 400® Value Index (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 11.37% and a volatility of 16.53%. The index performance was driven by the strong equity environment, though its returns lagged the S&P 500® in part due to a relative underweight to technology. Primary factors affecting Fund performance include the total return of the securities held by the Fund, expenses, transaction costs, the volatility of a Fund's index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $20,736 | S&P Composite 1500® Index $33,623 | S&P MidCap 400® Value Index $24,686 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $10,365 | $11,125 | $10,583 |
| Jul 16 | $11,001 | $11,749 | $11,410 |
| Jul 17 | $12,421 | $13,629 | $13,111 |
| Jul 18 | $13,768 | $15,854 | $14,749 |
| Jul 19 | $13,501 | $16,970 | $14,714 |
| Jul 20 | $11,500 | $18,735 | $12,743 |
| Jul 21 | $17,694 | $25,765 | $19,987 |
| Jul 22 | $17,365 | $24,543 | $19,977 |
| Jul 23 | $18,934 | $27,656 | $22,166 |
| Jul 24 | $20,736 | $33,623 | $24,686 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $4,548,655 |
| Number of Holdings* | 292 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | 238% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 9.52% | 8.96% | 7.57% |
S&P Composite 1500® Index | 21.57 | 14.65 | 12.89 |
S&P MidCap 400® Value Index | 11.37 | 10.90 | 9.46 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 99% |
| Total | 99% |
| Footnote | Description |
Footnote | "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. |
S&P MidCap 400® Value Index – Composition
| Financials | 25% |
| Industrials | 14% |
| Consumer Discretionary | 11% |
| Real Estate | 10% |
| Health Care | 9% |
| Other | 31% |
| Company | % of Net Assets |
|---|
| Illumina, Inc. | 1.4% |
| Reinsurance Group of America, Inc. | 1.1% |
| Tenet Healthcare Corp. | 1.1% |
| Fidelity National Financial, Inc. | 1.1% |
| WP Carey, Inc. | 0.9% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P MidCap 400® Value Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Mid-Cap Value ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $290 | 2.78% |
How did the Fund perform last year?
Mid-Cap Value ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the S&P MidCap 400® Value Index (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 11.37% and a volatility of 16.53%. The index performance was driven by the strong equity environment, though its returns lagged the S&P 500® in part due to a relative underweight to technology. Primary factors affecting Fund performance include the total return of the securities held by the Fund, expenses, transaction costs, the volatility of a Fund's index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $18,746 | S&P Composite 1500® Index $33,623 | S&P MidCap 400® Value Index $24,686 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $10,260 | $11,125 | $10,583 |
| Jul 16 | $10,771 | $11,749 | $11,410 |
| Jul 17 | $12,040 | $13,629 | $13,111 |
| Jul 18 | $13,211 | $15,854 | $14,749 |
| Jul 19 | $12,829 | $16,970 | $14,714 |
| Jul 20 | $10,818 | $18,735 | $12,743 |
| Jul 21 | $16,482 | $25,765 | $19,987 |
| Jul 22 | $16,014 | $24,543 | $19,977 |
| Jul 23 | $17,290 | $27,656 | $22,166 |
| Jul 24 | $18,746 | $33,623 | $24,686 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $4,548,655 |
| Number of Holdings* | 292 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | 238% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 8.42% | 7.88% | 6.49% |
S&P Composite 1500® Index | 21.57 | 14.65 | 12.89 |
S&P MidCap 400® Value Index | 11.37 | 10.90 | 9.46 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 99% |
| Total | 99% |
| Footnote | Description |
Footnote | "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. |
S&P MidCap 400® Value Index – Composition
| Financials | 25% |
| Industrials | 14% |
| Consumer Discretionary | 11% |
| Real Estate | 10% |
| Health Care | 9% |
| Other | 31% |
| Company | % of Net Assets |
|---|
| Illumina, Inc. | 1.4% |
| Reinsurance Group of America, Inc. | 1.1% |
| Tenet Healthcare Corp. | 1.1% |
| Fidelity National Financial, Inc. | 1.1% |
| WP Carey, Inc. | 0.9% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P MidCap 400® Value Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Nasdaq-100 ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $169 | 1.53% |
How did the Fund perform last year?
Nasdaq-100 ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the Nasdaq-100® Index (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 23.93% and a volatility of 16.68%. The index performance was driven by factors such as enthusiasm for AI and strength in the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Fund's Index), expenses, transaction costs, the volatility of the Fund's Index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $43,996 | Nasdaq-100® Index $55,015 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $11,675 | $11,930 |
| Jul 16 | $11,944 | $12,457 |
| Jul 17 | $14,735 | $15,672 |
| Jul 18 | $17,961 | $19,480 |
| Jul 19 | $19,336 | $21,377 |
| Jul 20 | $26,456 | $30,007 |
| Jul 21 | $35,735 | $41,466 |
| Jul 22 | $30,304 | $36,158 |
| Jul 23 | $36,267 | $44,392 |
| Jul 24 | $43,996 | $55,015 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $136,163,270 |
| Number of Holdings* | 107 |
| Investment Advisory Fees | $889,631 |
| Portfolio Turnover | 30% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 21.31% | 17.87% | 15.97% |
Nasdaq-100® Index | 23.93 | 20.81 | 18.59 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 53% |
| Futures Contracts | 5% |
| Swap Agreements | 42% |
| Total | 100% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Nasdaq-100® Index – Composition
| Information Technology | 51% |
| Communication Services | 15% |
| Consumer Discretionary | 13% |
| Health Care | 6% |
| Consumer Staples | 6% |
| Other | 9% |
| Company | % of Net Assets |
|---|
| Apple, Inc. | 4.8% |
| Microsoft Corp. | 4.3% |
| NVIDIA Corp. | 4.0% |
| Alphabet, Inc. | 2.8% |
| Amazon.com, Inc. | 2.7% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"QQQ®", "Nasdaq-100 Index®" and "Nasdaq-100®" are registered trademarks of The Nasdaq OMX Group Inc. and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by The Nasdaq OMX Group Inc. and The Nasdaq OMX Group Inc. makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Nasdaq-100 ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $278 | 2.53% |
How did the Fund perform last year?
Nasdaq-100 ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the Nasdaq-100® Index (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 23.93% and a volatility of 16.68%. The index performance was driven by factors such as enthusiasm for AI and strength in the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Fund's Index), expenses, transaction costs, the volatility of the Fund's Index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $39,781 | Nasdaq-100® Index $55,015 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $11,557 | $11,930 |
| Jul 16 | $11,704 | $12,457 |
| Jul 17 | $14,294 | $15,672 |
| Jul 18 | $17,250 | $19,480 |
| Jul 19 | $18,385 | $21,377 |
| Jul 20 | $24,909 | $30,007 |
| Jul 21 | $33,314 | $41,466 |
| Jul 22 | $27,973 | $36,158 |
| Jul 23 | $33,130 | $44,392 |
| Jul 24 | $39,781 | $55,015 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $136,163,270 |
| Number of Holdings* | 107 |
| Investment Advisory Fees | $889,631 |
| Portfolio Turnover | 30% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 20.08% | 16.69% | 14.81% |
Nasdaq-100® Index | 23.93 | 20.81 | 18.59 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 53% |
| Futures Contracts | 5% |
| Swap Agreements | 42% |
| Total | 100% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Nasdaq-100® Index – Composition
| Information Technology | 51% |
| Communication Services | 15% |
| Consumer Discretionary | 13% |
| Health Care | 6% |
| Consumer Staples | 6% |
| Other | 9% |
| Company | % of Net Assets |
|---|
| Apple, Inc. | 4.8% |
| Microsoft Corp. | 4.3% |
| NVIDIA Corp. | 4.0% |
| Alphabet, Inc. | 2.8% |
| Amazon.com, Inc. | 2.7% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"QQQ®", "Nasdaq-100 Index®" and "Nasdaq-100®" are registered trademarks of The Nasdaq OMX Group Inc. and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by The Nasdaq OMX Group Inc. and The Nasdaq OMX Group Inc. makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Oil & Gas Equipment & Services UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Oil & Gas Equipment & Services UltraSector ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $169 | 1.69% |
How did the Fund perform last year?
Oil & Gas Equipment & Services UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Oil & Gas Equipment & Services Select Industry Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 5.50% and a volatility of 26.66%. Rangebound oil prices dampened Index returns. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $1,309 | S&P Total Market Index $32,489 | S&P Oil & Gas Equipment & Services Select Industry Index $2,534 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $5,614 | $11,116 | $4,908 | $11,121 |
| Jul 16 | $4,296 | $11,607 | $4,074 | $11,745 |
| Jul 17 | $4,005 | $13,481 | $3,560 | $13,629 |
| Jul 18 | $4,126 | $15,697 | $4,038 | $15,843 |
| Jul 19 | $1,740 | $16,781 | $2,209 | $17,108 |
| Jul 20 | $382 | $18,593 | $837 | $19,153 |
| Jul 21 | $645 | $25,831 | $1,325 | $26,134 |
| Jul 22 | $811 | $23,821 | $1,613 | $24,921 |
| Jul 23 | $1,303 | $26,827 | $2,402 | $28,165 |
| Jul 24 | $1,309 | $32,489 | $2,534 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $14,574,944 |
| Number of Holdings* | 37 |
| Investment Advisory Fees | $128,847 |
| Portfolio Turnover | 217% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 0.43% | (5.54)% | (18.40)% |
| S&P Total Market Index | 21.10 | 14.13 | 12.51 |
| S&P Oil & Gas Equipment & Services Select Industry Index | 5.50 | 2.78 | (12.83) |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 82% |
| Swap Agreements | 69% |
| Total | 151% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P U.S. Oil & Gas Equipment & Services Select Industry Index – Composition
| Oil & Gas Equipment & Services | 72% |
| Oil & Gas Drilling | 28% |
| Company | % of Net Assets |
|---|
| Baker Hughes Co. | 4.1% |
| Helmerich & Payne, Inc. | 4.1% |
| TechnipFMC PLC | 4.0% |
| NOV, Inc. | 3.9% |
| Liberty Energy, Inc. | 3.9% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Oil & Gas Equipment & Services Select Industry Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Oil & Gas Equipment & Services UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Oil & Gas Equipment & Services UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Oil & Gas Equipment & Services UltraSector ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $268 | 2.69% |
How did the Fund perform last year?
Oil & Gas Equipment & Services UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Oil & Gas Equipment & Services Select Industry Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 5.50% and a volatility of 26.66%. Rangebound oil prices dampened Index returns. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $1,183 | S&P Total Market Index $32,489 | S&P Oil & Gas Equipment & Services Select Industry Index $2,534 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $5,558 | $11,116 | $4,908 | $11,121 |
| Jul 16 | $4,211 | $11,607 | $4,074 | $11,745 |
| Jul 17 | $3,886 | $13,481 | $3,560 | $13,629 |
| Jul 18 | $3,963 | $15,697 | $4,038 | $15,843 |
| Jul 19 | $1,654 | $16,781 | $2,209 | $17,108 |
| Jul 20 | $359 | $18,593 | $837 | $19,153 |
| Jul 21 | $601 | $25,831 | $1,325 | $26,134 |
| Jul 22 | $748 | $23,821 | $1,613 | $24,921 |
| Jul 23 | $1,189 | $26,827 | $2,402 | $28,165 |
| Jul 24 | $1,183 | $32,489 | $2,534 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $14,574,944 |
| Number of Holdings* | 37 |
| Investment Advisory Fees | $128,847 |
| Portfolio Turnover | 217% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (0.55)% | (6.48)% | (19.22)% |
| S&P Total Market Index | 21.10 | 14.13 | 12.51 |
| S&P Oil & Gas Equipment & Services Select Industry Index | 5.50 | 2.78 | (12.83) |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 82% |
| Swap Agreements | 69% |
| Total | 151% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P U.S. Oil & Gas Equipment & Services Select Industry Index – Composition
| Oil & Gas Equipment & Services | 72% |
| Oil & Gas Drilling | 28% |
| Company | % of Net Assets |
|---|
| Baker Hughes Co. | 4.1% |
| Helmerich & Payne, Inc. | 4.1% |
| TechnipFMC PLC | 4.0% |
| NOV, Inc. | 3.9% |
| Liberty Energy, Inc. | 3.9% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Oil & Gas Equipment & Services Select Industry Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Oil & Gas Equipment & Services UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Pharmaceuticals UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Pharmaceuticals UltraSector ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $174 | 1.78% |
How did the Fund perform last year?
Pharmaceuticals UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Pharmaceuticals Select Industry Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 0.42% and a volatility of 16.68%. Pharmaceutical stocks delivered muted performance in an equity rally that favored technology stocks. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $14,802 | S&P Total Market Index $32,489 | S&P Pharmaceuticals Select Industry Index $11,140 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $13,157 | $11,116 | $14,543 | $11,121 |
| Jul 16 | $13,300 | $11,607 | $10,954 | $11,745 |
| Jul 17 | $12,991 | $13,481 | $10,359 | $13,629 |
| Jul 18 | $13,886 | $15,697 | $11,239 | $15,843 |
| Jul 19 | $11,429 | $16,781 | $9,261 | $17,108 |
| Jul 20 | $12,635 | $18,593 | $10,486 | $19,153 |
| Jul 21 | $16,898 | $25,831 | $12,492 | $26,134 |
| Jul 22 | $16,608 | $23,821 | $10,753 | $24,921 |
| Jul 23 | $15,578 | $26,827 | $11,093 | $28,165 |
| Jul 24 | $14,802 | $32,489 | $11,140 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $3,006,205 |
| Number of Holdings* | 49 |
| Investment Advisory Fees | $5,604 |
| Portfolio Turnover | 207% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (4.98)% | 5.31% | 4.00% |
| S&P Total Market Index | 21.10 | 14.13 | 12.51 |
| S&P Pharmaceuticals Select Industry Index | 0.42 | 3.76 | 1.09 |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 83% |
| Swap Agreements | 67% |
| Total | 150% |
| Footnote | Description |
Footnote | "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. |
S&P Pharmaceuticals Select Industry Index – Composition
| Company | % of Net Assets |
|---|
| Axsome Therapeutics, Inc. | 3.5% |
| Viatris, Inc. | 3.5% |
| Intra-Cellular Therapies, Inc. | 3.5% |
| Bristol-Myers Squibb Co. | 3.4% |
| Pfizer, Inc. | 3.3% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Pharmaceuticals Select Industry Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Pharmaceuticals UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Pharmaceuticals UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Pharmaceuticals UltraSector ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $270 | 2.78% |
How did the Fund perform last year?
Pharmaceuticals UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Pharmaceuticals Select Industry Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 0.42% and a volatility of 16.68%. Pharmaceutical stocks delivered muted performance in an equity rally that favored technology stocks. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $13,395 | S&P Total Market Index $32,489 | S&P Pharmaceuticals Select Industry Index $11,140 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $13,026 | $11,116 | $14,543 | $11,121 |
| Jul 16 | $13,038 | $11,607 | $10,954 | $11,745 |
| Jul 17 | $12,605 | $13,481 | $10,359 | $13,629 |
| Jul 18 | $13,340 | $15,697 | $11,239 | $15,843 |
| Jul 19 | $10,869 | $16,781 | $9,261 | $17,108 |
| Jul 20 | $11,899 | $18,593 | $10,486 | $19,153 |
| Jul 21 | $15,756 | $25,831 | $12,492 | $26,134 |
| Jul 22 | $15,332 | $23,821 | $10,753 | $24,921 |
| Jul 23 | $14,246 | $26,827 | $11,093 | $28,165 |
| Jul 24 | $13,395 | $32,489 | $11,140 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $3,006,205 |
| Number of Holdings* | 49 |
| Investment Advisory Fees | $5,604 |
| Portfolio Turnover | 207% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (5.97)% | 4.27% | 2.97% |
| S&P Total Market Index | 21.10 | 14.13 | 12.51 |
| S&P Pharmaceuticals Select Industry Index | 0.42 | 3.76 | 1.09 |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 83% |
| Swap Agreements | 67% |
| Total | 150% |
| Footnote | Description |
Footnote | "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. |
S&P Pharmaceuticals Select Industry Index – Composition
| Company | % of Net Assets |
|---|
| Axsome Therapeutics, Inc. | 3.5% |
| Viatris, Inc. | 3.5% |
| Intra-Cellular Therapies, Inc. | 3.5% |
| Bristol-Myers Squibb Co. | 3.4% |
| Pfizer, Inc. | 3.3% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Pharmaceuticals Select Industry Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Pharmaceuticals UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Precious Metals UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Precious Metals UltraSector ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $179 | 1.60% |
How did the Fund perform last year?
Precious Metals UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the Dow Jones Precious Metals Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 21.81%and a volatility of 30.11%. The Index performance was driven by factors such as inflationary pressures and economic growth. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $8,114 | S&P 500® Index $34,403 | Dow Jones Precious Metals Index $14,951 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $3,027 | $11,121 | $4,756 |
| Jul 16 | $9,051 | $11,745 | $10,740 |
| Jul 17 | $5,470 | $13,629 | $8,096 |
| Jul 18 | $4,498 | $15,843 | $7,329 |
| Jul 19 | $5,736 | $17,108 | $8,976 |
| Jul 20 | $12,519 | $19,153 | $16,219 |
| Jul 21 | $9,130 | $26,134 | $13,757 |
| Jul 22 | $5,617 | $24,921 | $10,428 |
| Jul 23 | $6,567 | $28,165 | $12,274 |
| Jul 24 | $8,114 | $34,403 | $14,951 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $29,031,391 |
| Number of Holdings* | 36 |
| Investment Advisory Fees | $176,428 |
| Portfolio Turnover | 204% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 23.56% | 7.18% | (2.07)% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| Dow Jones Precious Metals Index | 21.81 | 10.74 | 4.10 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 77% |
| Swap Agreements | 73% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Dow Jones Precious Metals Index – Composition
| Gold | 92% |
| Silver | 6% |
| Precious Metals & Minerals | 2% |
| Company | % of Net Assets |
|---|
| Newmont Corp. | 15.1% |
| Agnico Eagle Mines, Ltd. | 10.3% |
| Barrick Gold Corp. | 8.6% |
| Wheaton Precious Metals Corp. | 7.2% |
| Franco-Nevada Corp. | 6.6% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"The Dow 30SM" and "Dow Jones Industrial Average" are products of "Dow Jones Indexes", the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"). "Dow Jones®", "DJ", "Dow Jones Indexes", "The Dow 30" and "Dow Jones Precious MetalsSM Index" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed to CME Indexes and sublicensed to ProFunds. ProFunds have not been passed on by CME Indexes or Dow Jones as to their legality or suitability. ProFunds based on The Dow 30 are not sponsored, endorsed, sold or promoted by CME Indexes or Dow Jones, and they make no representation regarding the advisability of investing in ProFunds.
Precious Metals UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Precious Metals UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Precious Metals UltraSector ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $289 | 2.60% |
How did the Fund perform last year?
Precious Metals UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the Dow Jones Precious Metals Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 21.81%and a volatility of 30.11%. The Index performance was driven by factors such as inflationary pressures and economic growth. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $7,343 | S&P 500® Index $34,403 | Dow Jones Precious Metals Index $14,951 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $3,002 | $11,121 | $4,756 |
| Jul 16 | $8,875 | $11,745 | $10,740 |
| Jul 17 | $5,311 | $13,629 | $8,096 |
| Jul 18 | $4,325 | $15,843 | $7,329 |
| Jul 19 | $5,458 | $17,108 | $8,976 |
| Jul 20 | $11,794 | $19,153 | $16,219 |
| Jul 21 | $8,515 | $26,134 | $13,757 |
| Jul 22 | $5,187 | $24,921 | $10,428 |
| Jul 23 | $6,002 | $28,165 | $12,274 |
| Jul 24 | $7,343 | $34,403 | $14,951 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $29,031,391 |
| Number of Holdings* | 36 |
| Investment Advisory Fees | $176,428 |
| Portfolio Turnover | 204% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 22.36% | 6.12% | (3.04)% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| Dow Jones Precious Metals Index | 21.81 | 10.74 | 4.10 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 77% |
| Swap Agreements | 73% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Dow Jones Precious Metals Index – Composition
| Gold | 92% |
| Silver | 6% |
| Precious Metals & Minerals | 2% |
| Company | % of Net Assets |
|---|
| Newmont Corp. | 15.1% |
| Agnico Eagle Mines, Ltd. | 10.3% |
| Barrick Gold Corp. | 8.6% |
| Wheaton Precious Metals Corp. | 7.2% |
| Franco-Nevada Corp. | 6.6% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"The Dow 30SM" and "Dow Jones Industrial Average" are products of "Dow Jones Indexes", the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"). "Dow Jones®", "DJ", "Dow Jones Indexes", "The Dow 30" and "Dow Jones Precious MetalsSM Index" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed to CME Indexes and sublicensed to ProFunds. ProFunds have not been passed on by CME Indexes or Dow Jones as to their legality or suitability. ProFunds based on The Dow 30 are not sponsored, endorsed, sold or promoted by CME Indexes or Dow Jones, and they make no representation regarding the advisability of investing in ProFunds.
Precious Metals UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Real Estate UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Real Estate UltraSector ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $193 | 1.83% |
How did the Fund perform last year?
Real Estate UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Real Estate Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 11.82% and a volatility of 18.12%. The Index performance was driven by factors such as a challenged office sector and rising mortgage rates which resulted in muted performance relative to the broader U.S. equity market. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $16,275 | S&P 500® Index $34,403 | S&P Real Estate Select Sector Index $21,038 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,015 | $11,121 | $11,118 |
| Jul 16 | $13,964 | $11,745 | $13,313 |
| Jul 17 | $13,298 | $13,629 | $13,036 |
| Jul 18 | $13,740 | $15,843 | $13,676 |
| Jul 19 | $16,006 | $17,108 | $16,078 |
| Jul 20 | $13,519 | $19,153 | $16,104 |
| Jul 21 | $20,174 | $26,134 | $21,386 |
| Jul 22 | $18,360 | $24,921 | $21,036 |
| Jul 23 | $14,635 | $28,165 | $18,813 |
| Jul 24 | $16,275 | $34,403 | $21,038 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $5,400,443 |
| Number of Holdings* | 38 |
| Investment Advisory Fees | $13,770 |
| Portfolio Turnover | 153% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 11.21% | 0.33% | 4.99% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Real Estate Select Sector Index | 11.82 | 5.52 | 7.72 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 75% |
| Swap Agreements | 75% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Real Estate Select Sector Index – Composition
| Specialized REITs | 44% |
| Retail REITs | 13% |
| Residential REITs | 12% |
| Health Care REITs | 12% |
| Industrial REITs | 11% |
| Other | 8% |
| Company | % of Net Assets |
|---|
| Prologis, Inc. | 8.3% |
| American Tower Corp. | 7.3% |
| Equinix, Inc. | 5.3% |
| Welltower, Inc. | 4.7% |
| Simon Property Group, Inc. | 3.5% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Real Estate Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Real Estate UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Real Estate UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Real Estate UltraSector ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $297 | 2.83% |
How did the Fund perform last year?
Real Estate UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Real Estate Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 11.82% and a volatility of 18.12%. The Index performance was driven by factors such as a challenged office sector and rising mortgage rates which resulted in muted performance relative to the broader U.S. equity market. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $14,724 | S&P 500® Index $34,403 | S&P Real Estate Select Sector Index $21,038 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $10,897 | $11,121 | $11,118 |
| Jul 16 | $13,675 | $11,745 | $13,313 |
| Jul 17 | $12,899 | $13,629 | $13,036 |
| Jul 18 | $13,195 | $15,843 | $13,676 |
| Jul 19 | $15,220 | $17,108 | $16,078 |
| Jul 20 | $12,726 | $19,153 | $16,104 |
| Jul 21 | $18,805 | $26,134 | $21,386 |
| Jul 22 | $16,944 | $24,921 | $21,036 |
| Jul 23 | $13,375 | $28,165 | $18,813 |
| Jul 24 | $14,724 | $34,403 | $21,038 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $5,400,443 |
| Number of Holdings* | 38 |
| Investment Advisory Fees | $13,770 |
| Portfolio Turnover | 153% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 10.09% | (0.66)% | 3.94% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Real Estate Select Sector Index | 11.82 | 5.52 | 7.72 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 75% |
| Swap Agreements | 75% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Real Estate Select Sector Index – Composition
| Specialized REITs | 44% |
| Retail REITs | 13% |
| Residential REITs | 12% |
| Health Care REITs | 12% |
| Industrial REITs | 11% |
| Other | 8% |
| Company | % of Net Assets |
|---|
| Prologis, Inc. | 8.3% |
| American Tower Corp. | 7.3% |
| Equinix, Inc. | 5.3% |
| Welltower, Inc. | 4.7% |
| Simon Property Group, Inc. | 3.5% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Real Estate Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Real Estate UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Rising Rates Opportunity 10 ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Rising Rates Opportunity 10 ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $182 | 1.78% |
How did the Fund perform last year?
Rising Rates Opportunity 10 ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the most recently issued 10-Year U.S. Treasury Note (the “Note”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the inverse of the daily price movement of the Note. For the same period, the Note, as measured by the S&P U.S. Treasury Bond Current 10-Year Index, had a total return of 3.02% and a volatility of 8.31%. Returns were driven by elevated interest rates. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $9,412 | ICE U.S. Treasury Core Bond Index $11,203 | S&P U.S. Treasury Bond Current 10-Year Total Return Index $10,942 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $9,251 | $10,332 | $10,617 |
| Jul 16 | $8,355 | $10,926 | $11,513 |
| Jul 17 | $8,735 | $10,648 | $10,855 |
| Jul 18 | $9,052 | $10,516 | $10,467 |
| Jul 19 | $8,290 | $11,314 | $11,629 |
| Jul 20 | $7,079 | $12,654 | $13,437 |
| Jul 21 | $7,255 | $12,271 | $12,773 |
| Jul 22 | $7,921 | $11,235 | $11,456 |
| Jul 23 | $8,969 | $10,759 | $10,621 |
| Jul 24 | $9,412 | $11,203 | $10,942 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
Effective December 13, 2023, the Ryan Labs Returns Treasury Yield Curve 10 Year Index was discontinued and was replaced by the S&P U.S. Treasury Bond Current 10 Year Total Return Index.
| Net Assets | $1,967,082 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 4.94% | 2.57% | (0.60)% |
| ICE U.S. Treasury Core Bond Index | 4.13 | (0.20) | 1.14 |
| S&P U.S. Treasury Bond Current 10-Year Total Return Index | 3.02 | (1.21) | 0.90 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (99)% |
| Total | (99)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
Rising Rates Opportunity 10 ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Rising Rates Opportunity 10 ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Rising Rates Opportunity 10 ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $283 | 2.78% |
How did the Fund perform last year?
Rising Rates Opportunity 10 ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the most recently issued 10-Year U.S. Treasury Note (the “Note”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the inverse of the daily price movement of the Note. For the same period, the Note, as measured by the S&P U.S. Treasury Bond Current 10-Year Index, had a total return of 3.02% and a volatility of 8.31%. Returns were driven by elevated interest rates. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $8,520 | ICE U.S. Treasury Core Bond Index $11,203 | S&P U.S. Treasury Bond Current 10-Year Total Return Index $10,942 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $9,153 | $10,332 | $10,617 |
| Jul 16 | $8,186 | $10,926 | $11,513 |
| Jul 17 | $8,479 | $10,648 | $10,855 |
| Jul 18 | $8,693 | $10,516 | $10,467 |
| Jul 19 | $7,888 | $11,314 | $11,629 |
| Jul 20 | $6,671 | $12,654 | $13,437 |
| Jul 21 | $6,766 | $12,271 | $12,773 |
| Jul 22 | $7,315 | $11,235 | $11,456 |
| Jul 23 | $8,198 | $10,759 | $10,621 |
| Jul 24 | $8,520 | $11,203 | $10,942 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
Effective December 13, 2023, the Ryan Labs Returns Treasury Yield Curve 10 Year Index was discontinued and was replaced by the S&P U.S. Treasury Bond Current 10 Year Total Return Index.
| Net Assets | $1,967,082 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 3.93% | 1.55% | (1.59)% |
| ICE U.S. Treasury Core Bond Index | 4.13 | (0.20) | 1.14 |
| S&P U.S. Treasury Bond Current 10-Year Total Return Index | 3.02 | (1.21) | 0.90 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (99)% |
| Total | (99)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
Rising Rates Opportunity 10 ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Rising Rates Opportunity ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Rising Rates Opportunity ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $183 | 1.75% |
How did the Fund perform last year?
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 performance of the most recently issued 30-Year U.S. Treasury Bond (the “Long Bond”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, 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. For the same period, the Long Bond, as measured by the S&P U.S. Treasury Bond Current 30-Year Index, had a total return of -1.88% and a volatility of 16.24%. Returns were driven by elevated interest rates. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $7,654 | ICE U.S. Treasury Core Bond Index $11,203 | S&P U.S. Treasury Bond Current 30-Year Total Return Index $10,257 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $8,343 | $10,332 | $11,152 |
| Jul 16 | $6,457 | $10,926 | $13,246 |
| Jul 17 | $7,373 | $10,648 | $11,642 |
| Jul 18 | $7,420 | $10,516 | $11,530 |
| Jul 19 | $6,337 | $11,314 | $13,231 |
| Jul 20 | $3,942 | $12,654 | $18,101 |
| Jul 21 | $4,559 | $12,271 | $15,410 |
| Jul 22 | $5,684 | $11,235 | $12,203 |
| Jul 23 | $7,029 | $10,759 | $10,453 |
| Jul 24 | $7,654 | $11,203 | $10,257 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
Effective December 13, 2023, the Ryan Labs Returns Treasury Yield Curve 30 Year Index was discontinued and was replaced by the S&P U.S. Treasury Bond Current 30 Year Total Return Index.
| Net Assets | $9,028,678 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $121,508 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 8.89% | 3.85% | (2.64)% |
| ICE U.S. Treasury Core Bond Index | 4.13 | (0.20) | 1.14 |
| S&P U.S. Treasury Bond Current 30-Year Total Return Index | (1.88) | (4.97) | 0.25 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (124)% |
| Total | (124)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
Rising Rates Opportunity ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Rising Rates Opportunity ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Rising Rates Opportunity ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $286 | 2.75% |
How did the Fund perform last year?
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 performance of the most recently issued 30-Year U.S. Treasury Bond (the “Long Bond”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, 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. For the same period, the Long Bond, as measured by the S&P U.S. Treasury Bond Current 30-Year Index, had a total return of -1.88% and a volatility of 16.24%. Returns were driven by elevated interest rates. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $6,925 | ICE U.S. Treasury Core Bond Index $11,203 | S&P U.S. Treasury Bond Current 30-Year Total Return Index $10,257 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $8,267 | $10,332 | $11,152 |
| Jul 16 | $6,319 | $10,926 | $13,246 |
| Jul 17 | $7,151 | $10,648 | $11,642 |
| Jul 18 | $7,126 | $10,516 | $11,530 |
| Jul 19 | $6,024 | $11,314 | $13,231 |
| Jul 20 | $3,710 | $12,654 | $18,101 |
| Jul 21 | $4,248 | $12,271 | $15,410 |
| Jul 22 | $5,245 | $11,235 | $12,203 |
| Jul 23 | $6,421 | $10,759 | $10,453 |
| Jul 24 | $6,925 | $11,203 | $10,257 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
Effective December 13, 2023, the Ryan Labs Returns Treasury Yield Curve 30 Year Index was discontinued and was replaced by the S&P U.S. Treasury Bond Current 30 Year Total Return Index.
| Net Assets | $9,028,678 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $121,508 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 7.85% | 2.83% | (3.61)% |
| ICE U.S. Treasury Core Bond Index | 4.13 | (0.20) | 1.14 |
| S&P U.S. Treasury Bond Current 30-Year Total Return Index | (1.88) | (4.97) | 0.25 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (124)% |
| Total | (124)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
Rising Rates Opportunity ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Rising U.S. Dollar ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Rising U.S. Dollar ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $184 | 1.78% |
How did the Fund perform last year?
Rising U.S. Dollar ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the basket of non-U.S. currencies included in the ICE® U.S. Dollar Index® (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund achieved an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a price return of 2.20% and a volatility of 5.54%. Returns were driven by rangebound dollar trading. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $13,157 | S&P 500® Index $34,403 | ICE® U.S. Dollar Index $12,780 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,652 | $11,121 | $11,950 |
| Jul 16 | $11,251 | $11,745 | $11,728 |
| Jul 17 | $10,874 | $13,629 | $11,400 |
| Jul 18 | $11,151 | $15,843 | $11,604 |
| Jul 19 | $11,915 | $17,108 | $12,106 |
| Jul 20 | $11,300 | $19,153 | $11,460 |
| Jul 21 | $10,965 | $26,134 | $11,315 |
| Jul 22 | $12,374 | $24,921 | $13,001 |
| Jul 23 | $12,310 | $28,165 | $12,505 |
| Jul 24 | $13,157 | $34,403 | $12,780 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $9,841,256 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $21,432 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 6.88% | 2.00% | 2.78% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
ICE® U.S. Dollar Index | 2.20 | 1.09 | 2.48 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Forward Currency Contracts | (100)% |
| Total | (100)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
ICE® U.S. Dollar Index – Composition
| Euro | 57% |
| Japanese yen | 14% |
| British pound | 12% |
| Canadian dollar | 9% |
| Swedish krona | 4% |
| Swiss franc | 4% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
The "U.S. Dollar Index®" is a trademark of ICE Data Indices, LLC (“IDI”) and has been licensed for use by ProFunds. ProFunds have not been passed on by IDI as to their legality or suitability. ProFunds based on IDI indexes are not sponsored, endorsed, sold or promoted by IDI or its affiliates, and they make no representation regarding the advisability of investing in ProFunds, or the ability of the index to track general financial market performance.
Rising U.S. Dollar ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Rising U.S. Dollar ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Rising U.S. Dollar ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $286 | 2.78% |
How did the Fund perform last year?
Rising U.S. Dollar ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the basket of non-U.S. currencies included in the ICE® U.S. Dollar Index® (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund achieved an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a price return of 2.20% and a volatility of 5.54%. Returns were driven by rangebound dollar trading. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $11,916 | S&P 500® Index $34,403 | ICE® U.S. Dollar Index $12,780 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,538 | $11,121 | $11,950 |
| Jul 16 | $11,028 | $11,745 | $11,728 |
| Jul 17 | $10,548 | $13,629 | $11,400 |
| Jul 18 | $10,720 | $15,843 | $11,604 |
| Jul 19 | $11,339 | $17,108 | $12,106 |
| Jul 20 | $10,650 | $19,153 | $11,460 |
| Jul 21 | $10,232 | $26,134 | $11,315 |
| Jul 22 | $11,429 | $24,921 | $13,001 |
| Jul 23 | $11,251 | $28,165 | $12,505 |
| Jul 24 | $11,916 | $34,403 | $12,780 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $9,841,256 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $21,432 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 5.92% | 1.00% | 1.77% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
ICE® U.S. Dollar Index | 2.20 | 1.09 | 2.48 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Forward Currency Contracts | (100)% |
| Total | (100)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
ICE® U.S. Dollar Index – Composition
| Euro | 57% |
| Japanese yen | 14% |
| British pound | 12% |
| Canadian dollar | 9% |
| Swedish krona | 4% |
| Swiss franc | 4% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
The "U.S. Dollar Index®" is a trademark of ICE Data Indices, LLC (“IDI”) and has been licensed for use by ProFunds. ProFunds have not been passed on by IDI as to their legality or suitability. ProFunds based on IDI indexes are not sponsored, endorsed, sold or promoted by IDI or its affiliates, and they make no representation regarding the advisability of investing in ProFunds, or the ability of the index to track general financial market performance.
Rising U.S. Dollar ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Semiconductor UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Semiconductor UltraSector ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $232 | 1.48% |
How did the Fund perform last year?
Semiconductor UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the daily performance of the Dow Jones U.S. Semiconductors Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 76.60%and a volatility of 35.64%. The Index performance was driven by factors such as optimism about AI-related technologies, which drove demand for semiconductor solutions. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $230,824 | S&P 500® Index $34,403 | Dow Jones U.S. Semiconductors Index $125,870 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $10,056 | $11,121 | $10,307 |
| Jul 16 | $13,333 | $11,745 | $12,819 |
| Jul 17 | $19,551 | $13,629 | $16,928 |
| Jul 18 | $27,431 | $15,843 | $21,909 |
| Jul 19 | $28,952 | $17,108 | $23,684 |
| Jul 20 | $41,191 | $19,153 | $32,156 |
| Jul 21 | $76,470 | $26,134 | $50,421 |
| Jul 22 | $62,758 | $24,921 | $46,690 |
| Jul 23 | $108,144 | $28,165 | $71,273 |
| Jul 24 | $230,824 | $34,403 | $125,870 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $395,401,113 |
| Number of Holdings* | 40 |
| Investment Advisory Fees | $1,764,794 |
| Portfolio Turnover | 189% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 113.44% | 51.47% | 36.88% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| Dow Jones U.S. Semiconductors Index | 76.60 | 39.67 | 28.82 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 46% |
| Swap Agreements | 104% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Dow Jones U.S. Semiconductors Index – Composition
| Semiconductors & Semiconductor Equipment | 100% |
| Company | % of Net Assets |
|---|
| NVIDIA Corp. | 24.9% |
| Broadcom, Inc. | 6.1% |
| Advanced Micro Devices, Inc. | 2.0% |
| QUALCOMM, Inc. | 1.8% |
| Texas Instruments, Inc. | 1.6% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"The Dow 30SM" and "Dow Jones Industrial Average" are products of "Dow Jones Indexes", the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"). "Dow Jones®", "DJ", "Dow Jones Indexes", "The Dow 30" and "Dow Jones U.S. SemiconductorsSM Index" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed to CME Indexes and sublicensed to ProFunds. ProFunds have not been passed on by CME Indexes or Dow Jones as to their legality or suitability. ProFunds based on The Dow 30 are not sponsored, endorsed, sold or promoted by CME Indexes or Dow Jones, and they make no representation regarding the advisability of investing in ProFunds.
Semiconductor UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Semiconductor UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Semiconductor UltraSector ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $386 | 2.48% |
How did the Fund perform last year?
Semiconductor UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the daily performance of the Dow Jones U.S. Semiconductors Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 76.60%and a volatility of 35.64%. The Index performance was driven by factors such as optimism about AI-related technologies, which drove demand for semiconductor solutions. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $208,716 | S&P 500® Index $34,403 | Dow Jones U.S. Semiconductors Index $125,870 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $9,955 | $11,121 | $10,307 |
| Jul 16 | $13,067 | $11,745 | $12,819 |
| Jul 17 | $18,969 | $13,629 | $16,928 |
| Jul 18 | $26,349 | $15,843 | $21,909 |
| Jul 19 | $27,531 | $17,108 | $23,684 |
| Jul 20 | $38,768 | $19,153 | $32,156 |
| Jul 21 | $71,258 | $26,134 | $50,421 |
| Jul 22 | $57,892 | $24,921 | $46,690 |
| Jul 23 | $98,776 | $28,165 | $71,273 |
| Jul 24 | $208,716 | $34,403 | $125,870 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $395,401,113 |
| Number of Holdings* | 40 |
| Investment Advisory Fees | $1,764,794 |
| Portfolio Turnover | 189% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 111.30% | 49.95% | 35.51% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| Dow Jones U.S. Semiconductors Index | 76.60 | 39.67 | 28.82 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 46% |
| Swap Agreements | 104% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Dow Jones U.S. Semiconductors Index – Composition
| Semiconductors & Semiconductor Equipment | 100% |
| Company | % of Net Assets |
|---|
| NVIDIA Corp. | 24.9% |
| Broadcom, Inc. | 6.1% |
| Advanced Micro Devices, Inc. | 2.0% |
| QUALCOMM, Inc. | 1.8% |
| Texas Instruments, Inc. | 1.6% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"The Dow 30SM" and "Dow Jones Industrial Average" are products of "Dow Jones Indexes", the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"). "Dow Jones®", "DJ", "Dow Jones Indexes", "The Dow 30" and "Dow Jones U.S. SemiconductorsSM Index" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed to CME Indexes and sublicensed to ProFunds. ProFunds have not been passed on by CME Indexes or Dow Jones as to their legality or suitability. ProFunds based on The Dow 30 are not sponsored, endorsed, sold or promoted by CME Indexes or Dow Jones, and they make no representation regarding the advisability of investing in ProFunds.
Semiconductor UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Short Bitcoin ProFund (formerly Short Bitcoin Strategy ProFund)
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Short Bitcoin ProFund (formerly Short Bitcoin Strategy ProFund) Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $81 | 1.17% |
How did the Fund perform last year?
Short Bitcoin ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Bloomberg Bitcoin Galaxy Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. Bitcoin delivered strong performance during the reporting period, driven in part by anticipation of an evolving regulatory environment leading to new crypto-related product innovation. For the year ended July 31, 2024, the Fund had a total return of -61.53%. For the same period, the Index had a total return of 123.91%. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: June 21, 2022 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $1,853 | S&P 500® Index $15,166 | Bloomberg Galaxy Bitcoin Index $31,308 | S&P CME Bitcoin Futures Index $27,316 |
|---|
| Jun 22 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 22 | $8,264 | $10,986 | $11,450 | $11,473 |
| Jul 23 | $4,816 | $12,416 | $13,983 | $13,767 |
| Jul 24 | $1,853 | $15,166 | $31,308 | $27,316 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
Effective March 15, 2024, the Fund’s benchmark changed from the S&P CME Bitcoin Futures Index to the Bloomberg Galaxy Bitcoin Index in connection with a change to the Fund's investment objective.
| Net Assets | $301,350 |
| Number of Holdings* | 3 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | Since Inception |
|---|
| Fund NAV | (61.53)% | (55.03)% |
S&P 500® Index | 22.15 | 21.82 |
| Bloomberg Galaxy Bitcoin Index | 123.91 | 71.77 |
| S&P CME Bitcoin Futures Index | 98.42 | 61.02 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | (98)% |
| Total | (98)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
| The Short Bitcoin ProFund (formerly 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. |
This is a summary of certain changes to the Fund since July 31, 2023. Effective on or about March 15, 2024, the Investment Objective, Principal Investment Strategies and Principal Risks of the Fund changed. In the Fund’s Investment Objective, the Fund’s underlying index changed from the S&P CME Bitcoin Futures Index to the Bloomberg Galaxy Bitcoin Index. In the Principal Investment Strategies, disclosures related to the underlying index were revised and investments in swap agreements that provide exposure to bitcoin were added. Risks associated with these changes were included under Principal Risks of the Fund. Scheduled to become effective September 27, 2024, Short Bitcoin Strategy ProFund’s name will change to Short Bitcoin ProFund. For more complete information, you may review the Fund’s prospectus, as supplemented July 26, 2024, available at www.profunds.com or upon request at 888-776-3637.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
Bloomberg is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). Neither Bloomberg nor Bloomberg's licensors approve or endorse this material, or guarantee the accuracy or completeness of any information herein, or make any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.
Short Bitcoin ProFund (formerly Short Bitcoin Strategy ProFund)
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Short Energy ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $174 | 1.78% |
How did the Fund perform last year?
Short Energy 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 Energy Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the inverse of the daily performance of the Index. For the same period, the Index had a total return of 10.22%and a volatility of 17.52%. The Index performance was driven by factors such as volatile though ultimately higher oil prices, and lingering inflation. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $3,348 | S&P 500® Index $34,403 | S&P Energy Select Sector Index $14,458 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $12,854 | $11,121 | $7,360 |
| Jul 16 | $11,679 | $11,745 | $7,372 |
| Jul 17 | $11,299 | $13,629 | $7,473 |
| Jul 18 | $9,139 | $15,843 | $8,957 |
| Jul 19 | $10,921 | $17,108 | $7,527 |
| Jul 20 | $13,071 | $19,153 | $4,696 |
| Jul 21 | $7,676 | $26,134 | $6,781 |
| Jul 22 | $4,109 | $24,921 | $11,283 |
| Jul 23 | $3,496 | $28,165 | $13,117 |
| Jul 24 | $3,348 | $34,403 | $14,458 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $500,859 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (4.24)% | (21.06)% | (10.36)% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Energy Select Sector Index | 10.22 | 13.95 | 3.76 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (100)% |
| Total | (100)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Energy Select Sector Index – Composition
| Oil, Gas & Consumable Fuels | 90% |
| Energy Equipment & Services | 10% |
| The Short Energy ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Energy Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Short Energy ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $271 | 2.78% |
How did the Fund perform last year?
Short Energy 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 Energy Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the inverse of the daily performance of the Index. For the same period, the Index had a total return of 10.22%and a volatility of 17.52%. The Index performance was driven by factors such as volatile though ultimately higher oil prices, and lingering inflation. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $3,029 | S&P 500® Index $34,403 | S&P Energy Select Sector Index $14,458 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $12,720 | $11,121 | $7,360 |
| Jul 16 | $11,426 | $11,745 | $7,372 |
| Jul 17 | $10,945 | $13,629 | $7,473 |
| Jul 18 | $8,762 | $15,843 | $8,957 |
| Jul 19 | $10,373 | $17,108 | $7,527 |
| Jul 20 | $12,305 | $19,153 | $4,696 |
| Jul 21 | $7,160 | $26,134 | $6,781 |
| Jul 22 | $3,797 | $24,921 | $11,283 |
| Jul 23 | $3,197 | $28,165 | $13,117 |
| Jul 24 | $3,029 | $34,403 | $14,458 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $500,859 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (5.23)% | (21.82)% | (11.26)% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Energy Select Sector Index | 10.22 | 13.95 | 3.76 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (100)% |
| Total | (100)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Energy Select Sector Index – Composition
| Oil, Gas & Consumable Fuels | 90% |
| Energy Equipment & Services | 10% |
| The Short Energy ProFund primarily invests in non-equity securities, which may include: swap agreements, futures contracts, options, forward contracts, repurchase agreements and U.S. Government securities. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Energy Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Short Nasdaq-100 ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $175 | 1.88% |
How did the Fund perform last year?
Short Nasdaq-100 ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Nasdaq-100® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the inverse of the daily performance of the Index. For the same period, the Index had a total return of 23.93% and a volatility of 16.68%. The Index performance was driven by factors such as enthusiasm for AI and strength in the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $1,249 | Nasdaq-100® Index $55,015 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $7,992 | $11,930 |
| Jul 16 | $7,192 | $12,457 |
| Jul 17 | $5,635 | $15,672 |
| Jul 18 | $4,471 | $19,480 |
| Jul 19 | $4,006 | $21,377 |
| Jul 20 | $2,511 | $30,007 |
| Jul 21 | $1,717 | $41,466 |
| Jul 22 | $1,779 | $36,158 |
| Jul 23 | $1,458 | $44,392 |
| Jul 24 | $1,249 | $55,015 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $1,964,361 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (14.36)% | (20.79)% | (18.78)% |
Nasdaq-100® Index | 23.93 | 20.81 | 18.59 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | (20)% |
| Swap Agreements | (80)% |
| Total | (100)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Nasdaq-100® Index – Composition
| Information Technology | 51% |
| Communication Services | 15% |
| Consumer Discretionary | 13% |
| Health Care | 6% |
| Consumer Staples | 6% |
| Other | 9% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"QQQ®", "Nasdaq-100 Index®" and "Nasdaq-100®" are registered trademarks of The Nasdaq OMX Group Inc. and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by The Nasdaq OMX Group Inc. and The Nasdaq OMX Group Inc. makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Short Nasdaq-100 ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $266 | 2.88% |
How did the Fund perform last year?
Short Nasdaq-100 ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Nasdaq-100® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the inverse of the daily performance of the Index. For the same period, the Index had a total return of 23.93% and a volatility of 16.68%. The Index performance was driven by factors such as enthusiasm for AI and strength in the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $1,135 | Nasdaq-100® Index $55,015 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $7,928 | $11,930 |
| Jul 16 | $7,075 | $12,457 |
| Jul 17 | $5,490 | $15,672 |
| Jul 18 | $4,312 | $19,480 |
| Jul 19 | $3,829 | $21,377 |
| Jul 20 | $2,377 | $30,007 |
| Jul 21 | $1,610 | $41,466 |
| Jul 22 | $1,647 | $36,158 |
| Jul 23 | $1,339 | $44,392 |
| Jul 24 | $1,135 | $55,015 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $1,964,361 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (15.21)% | (21.59)% | (19.56)% |
Nasdaq-100® Index | 23.93 | 20.81 | 18.59 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | (20)% |
| Swap Agreements | (80)% |
| Total | (100)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Nasdaq-100® Index – Composition
| Information Technology | 51% |
| Communication Services | 15% |
| Consumer Discretionary | 13% |
| Health Care | 6% |
| Consumer Staples | 6% |
| Other | 9% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"QQQ®", "Nasdaq-100 Index®" and "Nasdaq-100®" are registered trademarks of The Nasdaq OMX Group Inc. and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by The Nasdaq OMX Group Inc. and The Nasdaq OMX Group Inc. makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Short Precious Metals ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Short Precious Metals ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $162 | 1.78% |
How did the Fund perform last year?
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 Metals Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the inverse of the daily performance of the Index. For the same period, the Index had a total return of 21.81% and a volatility of 30.11%. The Index performance was driven by factors such as inflationary pressures and economic growth. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $1,970 | S&P 500® Index $34,403 | Dow Jones Precious Metals Index $14,951 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $17,733 | $11,121 | $4,756 |
| Jul 16 | $5,938 | $11,745 | $10,740 |
| Jul 17 | $6,803 | $13,629 | $8,096 |
| Jul 18 | $7,239 | $15,843 | $7,329 |
| Jul 19 | $5,557 | $17,108 | $8,976 |
| Jul 20 | $2,477 | $19,153 | $16,219 |
| Jul 21 | $2,528 | $26,134 | $13,757 |
| Jul 22 | $2,974 | $24,921 | $10,428 |
| Jul 23 | $2,393 | $28,165 | $12,274 |
| Jul 24 | $1,970 | $34,403 | $14,951 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $1,409,180 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $12,117 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (17.68)% | (18.73)% | (14.99)% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| Dow Jones Precious Metals Index | 21.81 | 10.74 | 4.10 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (99)% |
| Total | (99)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Dow Jones Precious Metals Index – Composition
| Gold | 92% |
| Silver | 6% |
| Precious Metals & Minerals | 2% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"The Dow 30SM" and "Dow Jones Industrial Average" are products of "Dow Jones Indexes", the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"). "Dow Jones®", "DJ", "Dow Jones Indexes", "The Dow 30" and "Dow Jones Precious MetalsSM Index" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed to CME Indexes and sublicensed to ProFunds. ProFunds have not been passed on by CME Indexes or Dow Jones as to their legality or suitability. ProFunds based on The Dow 30 are not sponsored, endorsed, sold or promoted by CME Indexes or Dow Jones, and they make no representation regarding the advisability of investing in ProFunds.
Short Precious Metals ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Short Precious Metals ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Short Precious Metals ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $252 | 2.78% |
How did the Fund perform last year?
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 Metals Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the inverse of the daily performance of the Index. For the same period, the Index had a total return of 21.81% and a volatility of 30.11%. The Index performance was driven by factors such as inflationary pressures and economic growth. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $1,781 | S&P 500® Index $34,403 | Dow Jones Precious Metals Index $14,951 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $17,552 | $11,121 | $4,756 |
| Jul 16 | $5,807 | $11,745 | $10,740 |
| Jul 17 | $6,589 | $13,629 | $8,096 |
| Jul 18 | $6,942 | $15,843 | $7,329 |
| Jul 19 | $5,275 | $17,108 | $8,976 |
| Jul 20 | $2,329 | $19,153 | $16,219 |
| Jul 21 | $2,349 | $26,134 | $13,757 |
| Jul 22 | $2,733 | $24,921 | $10,428 |
| Jul 23 | $2,183 | $28,165 | $12,274 |
| Jul 24 | $1,781 | $34,403 | $14,951 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $1,409,180 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $12,117 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (18.40)% | (19.52)% | (15.85)% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| Dow Jones Precious Metals Index | 21.81 | 10.74 | 4.10 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (99)% |
| Total | (99)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Dow Jones Precious Metals Index – Composition
| Gold | 92% |
| Silver | 6% |
| Precious Metals & Minerals | 2% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"The Dow 30SM" and "Dow Jones Industrial Average" are products of "Dow Jones Indexes", the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"). "Dow Jones®", "DJ", "Dow Jones Indexes", "The Dow 30" and "Dow Jones Precious MetalsSM Index" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed to CME Indexes and sublicensed to ProFunds. ProFunds have not been passed on by CME Indexes or Dow Jones as to their legality or suitability. ProFunds based on The Dow 30 are not sponsored, endorsed, sold or promoted by CME Indexes or Dow Jones, and they make no representation regarding the advisability of investing in ProFunds.
Short Precious Metals ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Short Real Estate ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Short Real Estate ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $173 | 1.78% |
How did the Fund perform last year?
Short Real Estate 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 Real Estate Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the inverse of the daily performance of the Index. For the same period, the Index had a total return of 11.82% and a volatility of 18.12%. The Index performance was driven by factors such as a challenged office sector and rising mortgage rates which resulted in muted performance relative to the broader U.S. equity market. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $3,884 | S&P 500® Index $34,403 | S&P Real Estate Select Sector Index $21,038 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $8,855 | $11,121 | $11,118 |
| Jul 16 | $7,062 | $11,745 | $13,313 |
| Jul 17 | $6,954 | $13,629 | $13,036 |
| Jul 18 | $6,584 | $15,843 | $13,676 |
| Jul 19 | $5,809 | $17,108 | $16,078 |
| Jul 20 | $5,160 | $19,153 | $16,104 |
| Jul 21 | $3,691 | $26,134 | $21,386 |
| Jul 22 | $3,650 | $24,921 | $21,036 |
| Jul 23 | $4,119 | $28,165 | $18,813 |
| Jul 24 | $3,884 | $34,403 | $21,038 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $1,159,076 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (5.70)% | (7.73)% | (9.02)% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Real Estate Select Sector Index | 11.82 | 5.52 | 7.72 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (100)% |
| Total | (100)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Real Estate Select Sector Index – Composition
| Specialized REITs | 44% |
| Retail REITs | 13% |
| Residential REITs | 12% |
| Health Care REITs | 12% |
| Industrial REITs | 11% |
| Other | 8% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Real Estate Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Short Real Estate ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Short Real Estate ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Short Real Estate ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $269 | 2.78% |
How did the Fund perform last year?
Short Real Estate 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 Real Estate Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the inverse of the daily performance of the Index. For the same period, the Index had a total return of 11.82% and a volatility of 18.12%. The Index performance was driven by factors such as a challenged office sector and rising mortgage rates which resulted in muted performance relative to the broader U.S. equity market. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $3,519 | S&P 500® Index $34,403 | S&P Real Estate Select Sector Index $21,038 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $8,781 | $11,121 | $11,118 |
| Jul 16 | $6,937 | $11,745 | $13,313 |
| Jul 17 | $6,759 | $13,629 | $13,036 |
| Jul 18 | $6,337 | $15,843 | $13,676 |
| Jul 19 | $5,540 | $17,108 | $16,078 |
| Jul 20 | $4,873 | $19,153 | $16,104 |
| Jul 21 | $3,452 | $26,134 | $21,386 |
| Jul 22 | $3,375 | $24,921 | $21,036 |
| Jul 23 | $3,769 | $28,165 | $18,813 |
| Jul 24 | $3,519 | $34,403 | $21,038 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $1,159,076 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (6.63)% | (8.68)% | (9.92)% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
| S&P Real Estate Select Sector Index | 11.82 | 5.52 | 7.72 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (100)% |
| Total | (100)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Real Estate Select Sector Index – Composition
| Specialized REITs | 44% |
| Retail REITs | 13% |
| Residential REITs | 12% |
| Health Care REITs | 12% |
| Industrial REITs | 11% |
| Other | 8% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Real Estate Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Short Real Estate ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Short Small-Cap ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $170 | 1.78% |
How did the Fund perform last year?
Short Small-Cap ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Russell 2000® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the inverse of the daily performance of the Index. For the same period, the Index had a total return of 14.25% and a volatility of 19.66%. The Index performance was driven by the strong equity environment, though its returns lagged the S&P 500® in part due to a relative underweight to technology. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $2,695 | Russell 3000® Index $32,705 | Russell 2000® Index $23,073 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $8,515 | $11,128 | $11,203 |
| Jul 16 | $8,019 | $11,623 | $11,203 |
| Jul 17 | $6,543 | $13,498 | $13,270 |
| Jul 18 | $5,426 | $15,711 | $15,756 |
| Jul 19 | $5,605 | $16,819 | $15,060 |
| Jul 20 | $4,928 | $18,657 | $14,369 |
| Jul 21 | $2,995 | $25,882 | $21,836 |
| Jul 22 | $3,198 | $23,979 | $18,715 |
| Jul 23 | $2,977 | $27,013 | $20,195 |
| Jul 24 | $2,695 | $32,705 | $23,073 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $648,217 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (9.45)% | (13.62)% | (12.29)% |
Russell 3000® Index | 21.07 | 14.23 | 12.58 |
Russell 2000® Index | 14.25 | 8.91 | 8.72 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (100)% |
| Total | (100)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Russell 2000® Index – Composition
| Financials | 18% |
| Health Care | 17% |
| Industrials | 17% |
| Information Technology | 13% |
| Consumer Discretionary | 10% |
| Other | 25% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Russell 2000®" and "Russell©" are trademarks of Russell Investment Group ("Russell") and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Short Small-Cap ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $264 | 2.78% |
How did the Fund perform last year?
Short Small-Cap ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Russell 2000® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the inverse of the daily performance of the Index. For the same period, the Index had a total return of 14.25% and a volatility of 19.66%. The Index performance was driven by the strong equity environment, though its returns lagged the S&P 500® in part due to a relative underweight to technology. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $2,435 | Russell 3000® Index $32,705 | Russell 2000® Index $23,073 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $8,438 | $11,128 | $11,203 |
| Jul 16 | $7,863 | $11,623 | $11,203 |
| Jul 17 | $6,352 | $13,498 | $13,270 |
| Jul 18 | $5,214 | $15,711 | $15,756 |
| Jul 19 | $5,332 | $16,819 | $15,060 |
| Jul 20 | $4,638 | $18,657 | $14,369 |
| Jul 21 | $2,789 | $25,882 | $21,836 |
| Jul 22 | $2,941 | $23,979 | $18,715 |
| Jul 23 | $2,717 | $27,013 | $20,195 |
| Jul 24 | $2,435 | $32,705 | $23,073 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $648,217 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (10.39)% | (14.51)% | (13.18)% |
Russell 3000® Index | 21.07 | 14.23 | 12.58 |
Russell 2000® Index | 14.25 | 8.91 | 8.72 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (100)% |
| Total | (100)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Russell 2000® Index – Composition
| Financials | 18% |
| Health Care | 17% |
| Industrials | 17% |
| Information Technology | 13% |
| Consumer Discretionary | 10% |
| Other | 25% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Russell 2000®" and "Russell©" are trademarks of Russell Investment Group ("Russell") and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Small-Cap Growth ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $192 | 1.78% |
How did the Fund perform last year?
Small-Cap Growth ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the S&P SmallCap 600® Growth Index (the "Index") The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 18.30% and a volatility of 15.34%. The index performance was driven by the strong equity environment, though its returns lagged the S&P 500® in part due to absence of the "Magnificent Seven". Primary factors affecting Fund performance include the total return of the securities held by the Fund, expenses, transaction costs, the volatility of a Fund's index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $23,285 | S&P Composite 1500® Index $33,623 | S&P Small Cap 600® Growth Index $27,946 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,560 | $11,125 | $11,779 |
| Jul 16 | $11,700 | $11,749 | $12,164 |
| Jul 17 | $13,628 | $13,629 | $14,414 |
| Jul 18 | $16,796 | $15,854 | $18,093 |
| Jul 19 | $15,699 | $16,970 | $17,223 |
| Jul 20 | $15,164 | $18,735 | $16,951 |
| Jul 21 | $22,237 | $25,765 | $25,275 |
| Jul 22 | $19,563 | $24,543 | $22,700 |
| Jul 23 | $20,029 | $27,656 | $23,624 |
| Jul 24 | $23,285 | $33,623 | $27,946 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $6,771,325 |
| Number of Holdings* | 347 |
| Investment Advisory Fees | $20,485 |
| Portfolio Turnover | 251% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 16.26% | 8.20% | 8.82% |
S&P Composite 1500® Index | 21.57 | 14.65 | 12.89 |
S&P Small Cap 600® Growth Index | 18.30 | 10.16 | 10.82 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 99% |
| Total | 99% |
| Footnote | Description |
Footnote | "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. |
S&P SmallCap 600® Growth Index – Composition
| Industrials | 18% |
| Consumer Discretionary | 16% |
| Information Technology | 15% |
| Health Care | 12% |
| Financials | 11% |
| Other | 28% |
| Company | % of Net Assets |
|---|
| ATI, Inc. | 1.3% |
| Mueller Industries, Inc. | 1.2% |
| Fabrinet | 1.2% |
| SPS Commerce, Inc. | 1.2% |
| The Ensign Group, Inc. | 1.2% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P SmallCap 600® Growth Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Small-Cap Growth ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $299 | 2.78% |
How did the Fund perform last year?
Small-Cap Growth ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the S&P SmallCap 600® Growth Index (the "Index") The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 18.30% and a volatility of 15.34%. The index performance was driven by the strong equity environment, though its returns lagged the S&P 500® in part due to absence of the "Magnificent Seven". Primary factors affecting Fund performance include the total return of the securities held by the Fund, expenses, transaction costs, the volatility of a Fund's index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $21,071 | S&P Composite 1500® Index $33,623 | S&P Small Cap 600® Growth Index $27,946 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,450 | $11,125 | $11,779 |
| Jul 16 | $11,472 | $11,749 | $12,164 |
| Jul 17 | $13,223 | $13,629 | $14,414 |
| Jul 18 | $16,135 | $15,854 | $18,093 |
| Jul 19 | $14,931 | $16,970 | $17,223 |
| Jul 20 | $14,280 | $18,735 | $16,951 |
| Jul 21 | $20,729 | $25,765 | $25,275 |
| Jul 22 | $18,058 | $24,543 | $22,700 |
| Jul 23 | $18,307 | $27,656 | $23,624 |
| Jul 24 | $21,071 | $33,623 | $27,946 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $6,771,325 |
| Number of Holdings* | 347 |
| Investment Advisory Fees | $20,485 |
| Portfolio Turnover | 251% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 15.10% | 7.13% | 7.74% |
S&P Composite 1500® Index | 21.57 | 14.65 | 12.89 |
S&P Small Cap 600® Growth Index | 18.30 | 10.16 | 10.82 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 99% |
| Total | 99% |
| Footnote | Description |
Footnote | "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. |
S&P SmallCap 600® Growth Index – Composition
| Industrials | 18% |
| Consumer Discretionary | 16% |
| Information Technology | 15% |
| Health Care | 12% |
| Financials | 11% |
| Other | 28% |
| Company | % of Net Assets |
|---|
| ATI, Inc. | 1.3% |
| Mueller Industries, Inc. | 1.2% |
| Fabrinet | 1.2% |
| SPS Commerce, Inc. | 1.2% |
| The Ensign Group, Inc. | 1.2% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P SmallCap 600® Growth Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Small-Cap ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $189 | 1.78% |
How did the Fund perform last year?
Small-Cap ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the Russell 2000® Index (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 14.25% and a volatility of 19.66%. The index performance was driven by the strong equity environment, though its returns lagged the S&P 500® in part due to a relative underweight to technology. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Fund's Index), expenses, transaction costs, the volatility of the Fund's Index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $18,578 | Russell 3000® Index $32,705 | Russell 2000® Index $23,073 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $10,950 | $11,128 | $11,203 |
| Jul 16 | $10,835 | $11,623 | $11,203 |
| Jul 17 | $12,531 | $13,498 | $13,270 |
| Jul 18 | $14,554 | $15,711 | $15,756 |
| Jul 19 | $13,661 | $16,819 | $15,060 |
| Jul 20 | $12,595 | $18,657 | $14,369 |
| Jul 21 | $18,753 | $25,882 | $21,836 |
| Jul 22 | $15,711 | $23,979 | $18,715 |
| Jul 23 | $16,589 | $27,013 | $20,195 |
| Jul 24 | $18,578 | $32,705 | $23,073 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $5,026,461 |
| Number of Holdings* | 1,987 |
| Investment Advisory Fees | $8,862 |
| Portfolio Turnover | 641% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 11.99% | 6.34% | 6.39% |
Russell 3000® Index | 21.07 | 14.23 | 12.58 |
Russell 2000® Index | 14.25 | 8.91 | 8.72 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 51% |
| Futures Contracts | 7% |
| Swap Agreements | 43% |
| Total | 101% |
| Footnote | Description |
Footnote | "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. |
Russell 2000® Index – Composition
| Financials | 18% |
| Health Care | 17% |
| Industrials | 17% |
| Information Technology | 13% |
| Consumer Discretionary | 10% |
| Other | 25% |
| Company | % of Net Assets |
|---|
| Insmed, Inc. | 0.2% |
| FTAI Aviation, Ltd. | 0.2% |
| Sprouts Farmers Market, Inc. | 0.2% |
| Vaxcyte, Inc. | 0.2% |
| Applied Industrial Technologies, Inc. | 0.2% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Russell 2000®" and "Russell©" are trademarks of Russell Investment Group ("Russell") and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Small-Cap ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $293 | 2.78% |
How did the Fund perform last year?
Small-Cap ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the Russell 2000® Index (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 14.25% and a volatility of 19.66%. The index performance was driven by the strong equity environment, though its returns lagged the S&P 500® in part due to a relative underweight to technology. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Fund's Index), expenses, transaction costs, the volatility of the Fund's Index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $16,835 | Russell 3000® Index $32,705 | Russell 2000® Index $23,073 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $10,844 | $11,128 | $11,203 |
| Jul 16 | $10,625 | $11,623 | $11,203 |
| Jul 17 | $12,168 | $13,498 | $13,270 |
| Jul 18 | $14,000 | $15,711 | $15,756 |
| Jul 19 | $13,014 | $16,819 | $15,060 |
| Jul 20 | $11,876 | $18,657 | $14,369 |
| Jul 21 | $17,509 | $25,882 | $21,836 |
| Jul 22 | $14,524 | $23,979 | $18,715 |
| Jul 23 | $15,184 | $27,013 | $20,195 |
| Jul 24 | $16,835 | $32,705 | $23,073 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $5,026,461 |
| Number of Holdings* | 1,987 |
| Investment Advisory Fees | $8,862 |
| Portfolio Turnover | 641% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 10.87% | 5.28% | 5.35% |
Russell 3000® Index | 21.07 | 14.23 | 12.58 |
Russell 2000® Index | 14.25 | 8.91 | 8.72 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 51% |
| Futures Contracts | 7% |
| Swap Agreements | 43% |
| Total | 101% |
| Footnote | Description |
Footnote | "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. |
Russell 2000® Index – Composition
| Financials | 18% |
| Health Care | 17% |
| Industrials | 17% |
| Information Technology | 13% |
| Consumer Discretionary | 10% |
| Other | 25% |
| Company | % of Net Assets |
|---|
| Insmed, Inc. | 0.2% |
| FTAI Aviation, Ltd. | 0.2% |
| Sprouts Farmers Market, Inc. | 0.2% |
| Vaxcyte, Inc. | 0.2% |
| Applied Industrial Technologies, Inc. | 0.2% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Russell 2000®" and "Russell©" are trademarks of Russell Investment Group ("Russell") and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Small-Cap Value ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $189 | 1.82% |
How did the Fund perform last year?
Small-Cap Value ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the S&P SmallCap 600® Value Index (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 9.79% and a volatility of 10.67%. The index performance was driven by the strong equity environment, though its returns lagged the S&P 500® in part due to a relative underweight to technology. Primary factors affecting Fund performance include the total return of the securities held by the Fund, expenses, transaction costs, the volatility of a Fund's index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $19,482 | S&P Composite 1500® Index $33,623 | S&P Small Cap 600® Value Index $23,542 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $10,392 | $11,125 | $10,623 |
| Jul 16 | $11,056 | $11,749 | $11,573 |
| Jul 17 | $12,658 | $13,629 | $13,494 |
| Jul 18 | $15,015 | $15,854 | $16,290 |
| Jul 19 | $13,519 | $16,970 | $14,909 |
| Jul 20 | $11,147 | $18,735 | $12,477 |
| Jul 21 | $18,133 | $25,765 | $20,645 |
| Jul 22 | $17,417 | $24,543 | $20,179 |
| Jul 23 | $18,093 | $27,656 | $21,443 |
| Jul 24 | $19,482 | $33,623 | $23,542 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $52,224,687 |
| Number of Holdings* | 470 |
| Investment Advisory Fees | $15,084 |
| Portfolio Turnover | 915% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 7.68% | 7.58% | 6.90% |
S&P Composite 1500® Index | 21.57 | 14.65 | 12.89 |
S&P Small Cap 600® Value Index | 9.79 | 9.57 | 8.94 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 99% |
| Total | 99% |
| Footnote | Description |
Footnote | "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. |
S&P SmallCap 600® Value Index – Composition
| Financials | 28% |
| Industrials | 17% |
| Consumer Discretionary | 12% |
| Real Estate | 9% |
| Health Care | 9% |
| Information Technology | 9% |
| Other | 16% |
| Company | % of Net Assets |
|---|
| Comerica, Inc. | 1.1% |
| Robert Half, Inc. | 1.0% |
| Jackson Financial, Inc. | 0.9% |
| Mr. Cooper Group, Inc. | 0.9% |
| Lincoln National Corp. | 0.9% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P SmallCap 600® Value Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Small-Cap Value ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $291 | 2.82% |
How did the Fund perform last year?
Small-Cap Value ProFund (the "Fund") seeks investment results, before fees and expenses, that track the performance of the S&P SmallCap 600® Value Index (the "Index"). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the Index. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to the daily performance of the Index. For the same period, the Index had a total return of 9.79% and a volatility of 10.67%. The index performance was driven by the strong equity environment, though its returns lagged the S&P 500® in part due to a relative underweight to technology. Primary factors affecting Fund performance include the total return of the securities held by the Fund, expenses, transaction costs, the volatility of a Fund's index, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $17,634 | S&P Composite 1500® Index $33,623 | S&P Small Cap 600® Value Index $23,542 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $10,288 | $11,125 | $10,623 |
| Jul 16 | $10,840 | $11,749 | $11,573 |
| Jul 17 | $12,287 | $13,629 | $13,494 |
| Jul 18 | $14,431 | $15,854 | $16,290 |
| Jul 19 | $12,867 | $16,970 | $14,909 |
| Jul 20 | $10,504 | $18,735 | $12,477 |
| Jul 21 | $16,919 | $25,765 | $20,645 |
| Jul 22 | $16,090 | $24,543 | $20,179 |
| Jul 23 | $16,545 | $27,656 | $21,443 |
| Jul 24 | $17,634 | $33,623 | $23,542 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $52,224,687 |
| Number of Holdings* | 470 |
| Investment Advisory Fees | $15,084 |
| Portfolio Turnover | 915% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 6.58% | 6.51% | 5.84% |
S&P Composite 1500® Index | 21.57 | 14.65 | 12.89 |
S&P Small Cap 600® Value Index | 9.79 | 9.57 | 8.94 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 99% |
| Total | 99% |
| Footnote | Description |
Footnote | "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. |
S&P SmallCap 600® Value Index – Composition
| Financials | 28% |
| Industrials | 17% |
| Consumer Discretionary | 12% |
| Real Estate | 9% |
| Health Care | 9% |
| Information Technology | 9% |
| Other | 16% |
| Company | % of Net Assets |
|---|
| Comerica, Inc. | 1.1% |
| Robert Half, Inc. | 1.0% |
| Jackson Financial, Inc. | 0.9% |
| Mr. Cooper Group, Inc. | 0.9% |
| Lincoln National Corp. | 0.9% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P SmallCap 600® Value Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Technology UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Technology UltraSector ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $174 | 1.52% |
How did the Fund perform last year?
Technology UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Technology Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 23.74%and a volatility of 19.34%. The Index performance was driven by factors such as enthusiasm for artificial intelligence and strength in the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $94,448 | S&P Total Market Index $32,489 | S&P Technology Select Sector Index $64,930 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,345 | $11,116 | $11,132 | $11,121 |
| Jul 16 | $12,369 | $11,607 | $12,413 | $11,745 |
| Jul 17 | $17,550 | $13,481 | $15,568 | $13,629 |
| Jul 18 | $24,334 | $15,697 | $19,616 | $15,843 |
| Jul 19 | $28,398 | $16,781 | $22,710 | $17,108 |
| Jul 20 | $43,308 | $18,593 | $31,546 | $19,153 |
| Jul 21 | $73,281 | $25,831 | $44,253 | $26,134 |
| Jul 22 | $56,648 | $23,821 | $41,981 | $24,921 |
| Jul 23 | $72,919 | $26,827 | $52,474 | $28,165 |
| Jul 24 | $94,448 | $32,489 | $64,930 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $90,797,596 |
| Number of Holdings* | 73 |
| Investment Advisory Fees | $585,822 |
| Portfolio Turnover | 116% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 29.53% | 27.17% | 25.18% |
| S&P Total Market Index | 21.10 | 14.13 | 12.51 |
| S&P Technology Select Sector Index | 23.74 | 23.38 | 20.57 |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 84% |
| Swap Agreements | 66% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Technology Select Sector Index – Composition
| Software & Services | 45% |
| Semiconductors & Semiconductor Equipment | 42% |
| Technology Hardware & Equipment | 13% |
| Company | % of Net Assets |
|---|
| Microsoft Corp. | 18.1% |
| NVIDIA Corp. | 16.7% |
| Apple, Inc. | 4.1% |
| Broadcom, Inc. | 3.6% |
| Salesforce, Inc. | 2.2% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Technology Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Technology UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Technology UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Technology UltraSector ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $288 | 2.52% |
How did the Fund perform last year?
Technology UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Technology Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 23.74%and a volatility of 19.34%. The Index performance was driven by factors such as enthusiasm for artificial intelligence and strength in the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $85,448 | S&P Total Market Index $32,489 | S&P Technology Select Sector Index $64,930 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,233 | $11,116 | $11,132 | $11,121 |
| Jul 16 | $12,127 | $11,607 | $12,413 | $11,745 |
| Jul 17 | $17,036 | $13,481 | $15,568 | $13,629 |
| Jul 18 | $23,384 | $15,697 | $19,616 | $15,843 |
| Jul 19 | $27,015 | $16,781 | $22,710 | $17,108 |
| Jul 20 | $40,784 | $18,593 | $31,546 | $19,153 |
| Jul 21 | $68,343 | $25,831 | $44,253 | $26,134 |
| Jul 22 | $52,295 | $23,821 | $41,981 | $24,921 |
| Jul 23 | $66,650 | $26,827 | $52,474 | $28,165 |
| Jul 24 | $85,448 | $32,489 | $64,930 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $90,797,596 |
| Number of Holdings* | 73 |
| Investment Advisory Fees | $585,822 |
| Portfolio Turnover | 116% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 28.20% | 25.90% | 23.93% |
| S&P Total Market Index | 21.10 | 14.13 | 12.51 |
| S&P Technology Select Sector Index | 23.74 | 23.38 | 20.57 |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 84% |
| Swap Agreements | 66% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Technology Select Sector Index – Composition
| Software & Services | 45% |
| Semiconductors & Semiconductor Equipment | 42% |
| Technology Hardware & Equipment | 13% |
| Company | % of Net Assets |
|---|
| Microsoft Corp. | 18.1% |
| NVIDIA Corp. | 16.7% |
| Apple, Inc. | 4.1% |
| Broadcom, Inc. | 3.6% |
| Salesforce, Inc. | 2.2% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P Technology Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Technology UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
U.S. Government Plus ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the U.S. Government Plus ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $166 | 1.71% |
How did the Fund perform last year?
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) of the daily performance of the most recently issued 30-Year U.S. Treasury Bond (the “Long Bond”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-quarter times the daily price movement of the Long Bond. For the same period, the Long Bond, as measured by the S&P U.S. Treasury Bond Current 30 Year Total Return Index, had a total return of -1.88% and a volatility of 16.24%. Long Bond returns were driven by elevated interest rates. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which any derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $8,282 | ICE U.S. Treasury Core Bond Index $11,203 | S&P U.S. Treasury Bond Current 30-Year Total Return Index $10,257 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,196 | $10,332 | $11,152 |
| Jul 16 | $13,683 | $10,926 | $13,246 |
| Jul 17 | $11,519 | $10,648 | $11,642 |
| Jul 18 | $11,177 | $10,516 | $11,530 |
| Jul 19 | $13,025 | $11,314 | $13,231 |
| Jul 20 | $18,688 | $12,654 | $18,101 |
| Jul 21 | $15,050 | $12,271 | $15,410 |
| Jul 22 | $11,022 | $11,235 | $12,203 |
| Jul 23 | $8,787 | $10,759 | $10,453 |
| Jul 24 | $8,282 | $11,203 | $10,257 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
Effective December 13, 2023, the Ryan Labs Returns Treasury Yield Curve 30 Year Index was discontinued and was replaced by the S&P U.S. Treasury Bond Current 30 Year Total Return Index.
| Net Assets | $14,528,157 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $25,339 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (5.75)% | (8.66)% | (1.87)% |
| ICE U.S. Treasury Core Bond Index | 4.13 | (0.20) | 1.14 |
| S&P U.S. Treasury Bond Current 30-Year Total Return Index | (1.88) | (4.97) | 0.25 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | 123% |
| Total | 123% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
U.S. Government Plus ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
U.S. Government Plus ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the U.S. Government Plus ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $262 | 2.71% |
How did the Fund perform last year?
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) of the daily performance of the most recently issued 30-Year U.S. Treasury Bond (the “Long Bond”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-quarter times the daily price movement of the Long Bond. For the same period, the Long Bond, as measured by the S&P U.S. Treasury Bond Current 30 Year Total Return Index, had a total return of -1.88% and a volatility of 16.24%. Long Bond returns were driven by elevated interest rates. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which any derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $7,501 | ICE U.S. Treasury Core Bond Index $11,203 | S&P U.S. Treasury Bond Current 30-Year Total Return Index $10,257 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,099 | $10,332 | $11,152 |
| Jul 16 | $13,432 | $10,926 | $13,246 |
| Jul 17 | $11,191 | $10,648 | $11,642 |
| Jul 18 | $10,748 | $10,516 | $11,530 |
| Jul 19 | $12,394 | $11,314 | $13,231 |
| Jul 20 | $17,612 | $12,654 | $18,101 |
| Jul 21 | $14,039 | $12,271 | $15,410 |
| Jul 22 | $10,180 | $11,235 | $12,203 |
| Jul 23 | $8,028 | $10,759 | $10,453 |
| Jul 24 | $7,501 | $11,203 | $10,257 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
Effective December 13, 2023, the Ryan Labs Returns Treasury Yield Curve 30 Year Index was discontinued and was replaced by the S&P U.S. Treasury Bond Current 30 Year Total Return Index.
| Net Assets | $14,528,157 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $25,339 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (6.56)% | (9.55)% | (2.83)% |
| ICE U.S. Treasury Core Bond Index | 4.13 | (0.20) | 1.14 |
| S&P U.S. Treasury Bond Current 30-Year Total Return Index | (1.88) | (4.97) | 0.25 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | 123% |
| Total | 123% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
U.S. Government Plus ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraBear ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $155 | 1.78% |
How did the Fund perform last year?
UltraBear 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 S&P 500® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index. For the same period, the Index had a total return of 22.15% and a volatility of 11.67%. The Index performance was driven by factors such as post-pandemic economic expansion and exuberance for AI and the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $443 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $7,671 | $11,121 |
| Jul 16 | $6,259 | $11,745 |
| Jul 17 | $4,576 | $13,629 |
| Jul 18 | $3,320 | $15,843 |
| Jul 19 | $2,793 | $17,108 |
| Jul 20 | $1,587 | $19,153 |
| Jul 21 | $783 | $26,134 |
| Jul 22 | $757 | $24,921 |
| Jul 23 | $595 | $28,165 |
| Jul 24 | $443 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $6,157,684 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $62,550 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (25.54)% | (30.80)% | (26.78)% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | (14)% |
| Swap Agreements | (186)% |
| Total | (200)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P 500® Index – Composition
| Information Technology | 31% |
| Financials | 13% |
| Health Care | 12% |
| Consumer Discretionary | 10% |
| Communication Services | 9% |
| Other | 25% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "Standard & Poor's 500TM" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraBear ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $242 | 2.78% |
How did the Fund perform last year?
UltraBear 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 S&P 500® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index. For the same period, the Index had a total return of 22.15% and a volatility of 11.67%. The Index performance was driven by factors such as post-pandemic economic expansion and exuberance for AI and the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $404 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $7,580 | $11,121 |
| Jul 16 | $6,134 | $11,745 |
| Jul 17 | $4,443 | $13,629 |
| Jul 18 | $3,192 | $15,843 |
| Jul 19 | $2,658 | $17,108 |
| Jul 20 | $1,493 | $19,153 |
| Jul 21 | $731 | $26,134 |
| Jul 22 | $698 | $24,921 |
| Jul 23 | $548 | $28,165 |
| Jul 24 | $404 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $6,157,684 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $62,550 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (26.25)% | (31.40)% | (27.45)% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | (14)% |
| Swap Agreements | (186)% |
| Total | (200)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P 500® Index – Composition
| Information Technology | 31% |
| Financials | 13% |
| Health Care | 12% |
| Consumer Discretionary | 10% |
| Communication Services | 9% |
| Other | 25% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "Standard & Poor's 500TM" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraBull ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $176 | 1.49% |
How did the Fund perform last year?
UltraBull ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P 500® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index. For the same period, the Index had a total return of 22.15%and a volatility of 11.67%. The Index performance was driven by factors such as post-pandemic economic expansion and exuberance for AI and the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $57,268 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $11,895 | $11,121 |
| Jul 16 | $12,571 | $11,745 |
| Jul 17 | $16,321 | $13,629 |
| Jul 18 | $20,866 | $15,843 |
| Jul 19 | $22,648 | $17,108 |
| Jul 20 | $24,115 | $19,153 |
| Jul 21 | $42,791 | $26,134 |
| Jul 22 | $36,392 | $24,921 |
| Jul 23 | $42,054 | $28,165 |
| Jul 24 | $57,268 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $145,291,653 |
| Number of Holdings* | 510 |
| Investment Advisory Fees | $917,898 |
| Portfolio Turnover | 217% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 36.18% | 20.39% | 19.07% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 72% |
| Futures Contracts | 12% |
| Swap Agreements | 116% |
| Total | 200% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P 500® Index – Composition
| Information Technology | 31% |
| Financials | 13% |
| Health Care | 12% |
| Consumer Discretionary | 10% |
| Communication Services | 9% |
| Other | 25% |
| Company | % of Net Assets |
|---|
| Apple, Inc. | 4.9% |
| Microsoft Corp. | 4.8% |
| NVIDIA Corp. | 4.4% |
| Alphabet, Inc. | 2.9% |
| Amazon.com, Inc. | 2.6% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "Standard & Poor's 500TM" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraBull ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $292 | 2.49% |
How did the Fund perform last year?
UltraBull ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P 500® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index. For the same period, the Index had a total return of 22.15%and a volatility of 11.67%. The Index performance was driven by factors such as post-pandemic economic expansion and exuberance for AI and the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $51,826 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $11,779 | $11,121 |
| Jul 16 | $12,326 | $11,745 |
| Jul 17 | $15,844 | $13,629 |
| Jul 18 | $20,055 | $15,843 |
| Jul 19 | $21,551 | $17,108 |
| Jul 20 | $22,714 | $19,153 |
| Jul 21 | $39,904 | $26,134 |
| Jul 22 | $33,599 | $24,921 |
| Jul 23 | $38,441 | $28,165 |
| Jul 24 | $51,826 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $145,291,653 |
| Number of Holdings* | 510 |
| Investment Advisory Fees | $917,898 |
| Portfolio Turnover | 217% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 34.82% | 19.18% | 17.88% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 72% |
| Futures Contracts | 12% |
| Swap Agreements | 116% |
| Total | 200% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P 500® Index – Composition
| Information Technology | 31% |
| Financials | 13% |
| Health Care | 12% |
| Consumer Discretionary | 10% |
| Communication Services | 9% |
| Other | 25% |
| Company | % of Net Assets |
|---|
| Apple, Inc. | 4.9% |
| Microsoft Corp. | 4.8% |
| NVIDIA Corp. | 4.4% |
| Alphabet, Inc. | 2.9% |
| Amazon.com, Inc. | 2.6% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "Standard & Poor's 500TM" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraChina ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $138 | 1.77% |
How did the Fund perform last year?
UltraChina ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the S&P China Select ADR Index (USD) (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index. For the same period, the Index had a total return of -18.78%and a volatility of 28.03%. Growth worries and political challenges weighed on Chinese stocks. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $1,502 | S&P Global 1200 Index $26,048 | S&P China Select ADR Index (USD) $8,007 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $8,664 | $10,453 | $9,648 |
| Jul 16 | $6,804 | $10,532 | $9,000 |
| Jul 17 | $12,118 | $12,388 | $12,362 |
| Jul 18 | $13,230 | $13,900 | $13,432 |
| Jul 19 | $8,493 | $14,434 | $11,397 |
| Jul 20 | $12,883 | $15,556 | $14,995 |
| Jul 21 | $8,782 | $20,914 | $13,206 |
| Jul 22 | $2,553 | $19,229 | $8,432 |
| Jul 23 | $2,661 | $21,924 | $9,859 |
| Jul 24 | $1,502 | $26,048 | $8,007 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $17,468,244 |
| Number of Holdings* | 47 |
| Investment Advisory Fees | $169,781 |
| Portfolio Turnover | 159% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (43.56)% | (29.28)% | (17.27)% |
| S&P Global 1200 Index | 18.81 | 12.53 | 10.05 |
| S&P China Select ADR Index (USD) | (18.78) | (6.82) | (2.20) |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 87% |
| Swap Agreements | 114% |
| Total | 201% |
| Footnote | Description |
Footnote | "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. |
S&P® China Select ADR Index (USD) – Composition
| Consumer Discretionary | 67% |
| Communication Services | 17% |
| Health Care | 5% |
| Industrials | 5% |
| Real Estate | 4% |
| Other | 2% |
| Company | % of Net Assets |
|---|
| Alibaba Group Holding, Ltd. | 19.0% |
| PDD Holdings, Inc. | 15.7% |
| JD.com, Inc. | 4.4% |
| NetEase, Inc. | 4.2% |
| Li Auto, Inc. | 3.8% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "S&P China Select ADR Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraChina ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $216 | 2.77% |
How did the Fund perform last year?
UltraChina ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the S&P China Select ADR Index (USD) (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index. For the same period, the Index had a total return of -18.78%and a volatility of 28.03%. Growth worries and political challenges weighed on Chinese stocks. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $1,358 | S&P Global 1200 Index $26,048 | S&P China Select ADR Index (USD) $8,007 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $8,577 | $10,453 | $9,648 |
| Jul 16 | $6,675 | $10,532 | $9,000 |
| Jul 17 | $11,769 | $12,388 | $12,362 |
| Jul 18 | $12,722 | $13,900 | $13,432 |
| Jul 19 | $8,078 | $14,434 | $11,397 |
| Jul 20 | $12,129 | $15,556 | $14,995 |
| Jul 21 | $8,189 | $20,914 | $13,206 |
| Jul 22 | $2,361 | $19,229 | $8,432 |
| Jul 23 | $2,431 | $21,924 | $9,859 |
| Jul 24 | $1,358 | $26,048 | $8,007 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $17,468,244 |
| Number of Holdings* | 47 |
| Investment Advisory Fees | $169,781 |
| Portfolio Turnover | 159% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (44.14)% | (30.00)% | (18.10)% |
| S&P Global 1200 Index | 18.81 | 12.53 | 10.05 |
| S&P China Select ADR Index (USD) | (18.78) | (6.82) | (2.20) |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 87% |
| Swap Agreements | 114% |
| Total | 201% |
| Footnote | Description |
Footnote | "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. |
S&P® China Select ADR Index (USD) – Composition
| Consumer Discretionary | 67% |
| Communication Services | 17% |
| Health Care | 5% |
| Industrials | 5% |
| Real Estate | 4% |
| Other | 2% |
| Company | % of Net Assets |
|---|
| Alibaba Group Holding, Ltd. | 19.0% |
| PDD Holdings, Inc. | 15.7% |
| JD.com, Inc. | 4.4% |
| NetEase, Inc. | 4.2% |
| Li Auto, Inc. | 3.8% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "S&P China Select ADR Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraDow 30 ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $177 | 1.57% |
How did the Fund perform last year?
UltraDow 30 ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the Dow Jones Industrial Average® (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index. For the same period, the Index had a total return of 17.22% and a volatility of 10.03%. The Index performance was driven by factors such as the strong equity environment. However, having an underweight to technology compared to the S&P 500®, muted returns relative to the S&P 500®. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $46,371 | S&P 500® Index $34,403 | Dow Jones Industrial Average® $30,943 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,466 | $11,121 | $10,934 |
| Jul 16 | $12,442 | $11,745 | $11,700 |
| Jul 17 | $17,748 | $13,629 | $14,253 |
| Jul 18 | $23,592 | $15,843 | $16,925 |
| Jul 19 | $25,707 | $17,108 | $18,316 |
| Jul 20 | $21,813 | $19,153 | $18,467 |
| Jul 21 | $37,862 | $26,134 | $24,892 |
| Jul 22 | $32,914 | $24,921 | $23,863 |
| Jul 23 | $36,816 | $28,165 | $26,397 |
| Jul 24 | $46,371 | $34,403 | $30,943 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $39,404,831 |
| Number of Holdings* | 36 |
| Investment Advisory Fees | $243,099 |
| Portfolio Turnover | 28% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 25.95% | 12.52% | 16.58% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Dow Jones Industrial Average® | 17.22 | 11.06 | 11.96 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 65% |
| Futures Contracts | 11% |
| Swap Agreements | 124% |
| Total | 200% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Dow Jones Industrial Average® – Composition
| Financials | 23% |
| Health Care | 19% |
| Information Technology | 19% |
| Consumer Discretionary | 14% |
| Industrials | 14% |
| Other | 11% |
| Company | % of Net Assets |
|---|
| UnitedHealth Group, Inc. | 6.0% |
| The Goldman Sachs Group, Inc. | 5.3% |
| Microsoft Corp. | 4.4% |
| The Home Depot, Inc. | 3.8% |
| Caterpillar, Inc. | 3.6% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"The Dow 30SM" and "Dow Jones Industrial Average" are products of "Dow Jones Indexes", the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"). "Dow Jones®", "DJ", "Dow Jones Indexes", "The Dow 30" and "Dow Jones Industrial Average" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed to CME Indexes and sublicensed to ProFunds. ProFunds have not been passed on by CME Indexes or Dow Jones as to their legality or suitability. ProFunds based on The Dow 30 are not sponsored, endorsed, sold or promoted by CME Indexes or Dow Jones, and they make no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraDow 30 ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $288 | 2.56% |
How did the Fund perform last year?
UltraDow 30 ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the Dow Jones Industrial Average® (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index. For the same period, the Index had a total return of 17.22% and a volatility of 10.03%. The Index performance was driven by factors such as the strong equity environment. However, having an underweight to technology compared to the S&P 500®, muted returns relative to the S&P 500®. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $41,999 | S&P 500® Index $34,403 | Dow Jones Industrial Average® $30,943 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,352 | $11,121 | $10,934 |
| Jul 16 | $12,195 | $11,745 | $11,700 |
| Jul 17 | $17,229 | $13,629 | $14,253 |
| Jul 18 | $22,674 | $15,843 | $16,925 |
| Jul 19 | $24,460 | $17,108 | $18,316 |
| Jul 20 | $20,559 | $19,153 | $18,467 |
| Jul 21 | $35,330 | $26,134 | $24,892 |
| Jul 22 | $30,405 | $24,921 | $23,863 |
| Jul 23 | $33,675 | $28,165 | $26,397 |
| Jul 24 | $41,999 | $34,403 | $30,943 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $39,404,831 |
| Number of Holdings* | 36 |
| Investment Advisory Fees | $243,099 |
| Portfolio Turnover | 28% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 24.72% | 11.42% | 15.43% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Dow Jones Industrial Average® | 17.22 | 11.06 | 11.96 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 65% |
| Futures Contracts | 11% |
| Swap Agreements | 124% |
| Total | 200% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Dow Jones Industrial Average® – Composition
| Financials | 23% |
| Health Care | 19% |
| Information Technology | 19% |
| Consumer Discretionary | 14% |
| Industrials | 14% |
| Other | 11% |
| Company | % of Net Assets |
|---|
| UnitedHealth Group, Inc. | 6.0% |
| The Goldman Sachs Group, Inc. | 5.3% |
| Microsoft Corp. | 4.4% |
| The Home Depot, Inc. | 3.8% |
| Caterpillar, Inc. | 3.6% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"The Dow 30SM" and "Dow Jones Industrial Average" are products of "Dow Jones Indexes", the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"). "Dow Jones®", "DJ", "Dow Jones Indexes", "The Dow 30" and "Dow Jones Industrial Average" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed to CME Indexes and sublicensed to ProFunds. ProFunds have not been passed on by CME Indexes or Dow Jones as to their legality or suitability. ProFunds based on The Dow 30 are not sponsored, endorsed, sold or promoted by CME Indexes or Dow Jones, and they make no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraEmerging Markets ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraEmerging Markets ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $178 | 1.78% |
How did the Fund perform last year?
UltraEmerging Markets ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the S&P® Emerging 50 ADR Index (USD) (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index. For the same period, the Index had a total return of 5.75%and a volatility of 17.99%. A substantial weight to China dampened Index performance. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $7,891 | S&P Global 1200 Index $26,048 | S&P® Emerging 50 ADR Index (USD) $14,071 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $6,339 | $10,453 | $8,204 |
| Jul 16 | $6,204 | $10,532 | $8,455 |
| Jul 17 | $9,745 | $12,388 | $10,874 |
| Jul 18 | $9,986 | $13,900 | $11,376 |
| Jul 19 | $8,219 | $14,434 | $10,779 |
| Jul 20 | $9,911 | $15,556 | $12,684 |
| Jul 21 | $12,688 | $20,914 | $14,942 |
| Jul 22 | $6,656 | $19,229 | $11,495 |
| Jul 23 | $7,854 | $21,924 | $13,305 |
| Jul 24 | $7,891 | $26,048 | $14,071 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $7,501,478 |
| Number of Holdings* | 56 |
| Investment Advisory Fees | $33,620 |
| Portfolio Turnover | 163% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 0.47% | (0.81)% | (2.34)% |
| S&P Global 1200 Index | 18.81 | 12.53 | 10.05 |
S&P® Emerging 50 ADR Index (USD) | 5.75 | 5.47 | 3.47 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 81% |
| Swap Agreements | 119% |
| Total | 200% |
| Footnote | Description |
Footnote | "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. |
S&P® Emerging 50 ADR Index (USD) – Composition
| Information Technology | 28% |
| Consumer Discretionary | 24% |
| Financials | 20% |
| Communication Services | 8% |
| Materials | 7% |
| Other | 13% |
| Company | % of Net Assets |
|---|
| Taiwan Semiconductor Manufacturing Co., Ltd. | 15.8% |
| Alibaba Group Holding, Ltd. | 8.3% |
| HDFC Bank, Ltd. | 6.3% |
| PDD Holdings, Inc. | 5.2% |
| Infosys, Ltd. | 4.6% |
| China | 31% |
| Taiwan | 23% |
| India | 20% |
| Brazil | 13% |
| Other | 13% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "S&P Emerging 50 ADR Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
UltraEmerging Markets ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraEmerging Markets ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraEmerging Markets ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $277 | 2.78% |
How did the Fund perform last year?
UltraEmerging Markets ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the S&P® Emerging 50 ADR Index (USD) (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index. For the same period, the Index had a total return of 5.75%and a volatility of 17.99%. A substantial weight to China dampened Index performance. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $7,132 | S&P Global 1200 Index $26,048 | S&P® Emerging 50 ADR Index (USD) $14,071 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $6,274 | $10,453 | $8,204 |
| Jul 16 | $6,069 | $10,532 | $8,455 |
| Jul 17 | $9,448 | $12,388 | $10,874 |
| Jul 18 | $9,582 | $13,900 | $11,376 |
| Jul 19 | $7,805 | $14,434 | $10,779 |
| Jul 20 | $9,320 | $15,556 | $12,684 |
| Jul 21 | $11,817 | $20,914 | $14,942 |
| Jul 22 | $6,138 | $19,229 | $11,495 |
| Jul 23 | $7,166 | $21,924 | $13,305 |
| Jul 24 | $7,132 | $26,048 | $14,071 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $7,501,478 |
| Number of Holdings* | 56 |
| Investment Advisory Fees | $33,620 |
| Portfolio Turnover | 163% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (0.48)% | (1.79)% | (3.32)% |
| S&P Global 1200 Index | 18.81 | 12.53 | 10.05 |
S&P® Emerging 50 ADR Index (USD) | 5.75 | 5.47 | 3.47 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 81% |
| Swap Agreements | 119% |
| Total | 200% |
| Footnote | Description |
Footnote | "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. |
S&P® Emerging 50 ADR Index (USD) – Composition
| Information Technology | 28% |
| Consumer Discretionary | 24% |
| Financials | 20% |
| Communication Services | 8% |
| Materials | 7% |
| Other | 13% |
| Company | % of Net Assets |
|---|
| Taiwan Semiconductor Manufacturing Co., Ltd. | 15.8% |
| Alibaba Group Holding, Ltd. | 8.3% |
| HDFC Bank, Ltd. | 6.3% |
| PDD Holdings, Inc. | 5.2% |
| Infosys, Ltd. | 4.6% |
| China | 31% |
| Taiwan | 23% |
| India | 20% |
| Brazil | 13% |
| Other | 13% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "S&P Emerging 50 ADR Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
UltraEmerging Markets ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraInternational ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraInternational ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $188 | 1.78% |
How did the Fund perform last year?
UltraInternational ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the MSCI EAFE Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had 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. For the same period, the Index had a total return of 11.21%and a volatility of 11.48%. The Index performance was driven by factors such as having a substantial underweight to technology compared to the S&P 500®, which contributed to underperformance relative to the S&P 500®. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $11,206 | MSCI EAFE Index $16,048 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $9,446 | $9,972 |
| Jul 16 | $7,366 | $9,221 |
| Jul 17 | $9,771 | $10,860 |
| Jul 18 | $10,280 | $11,555 |
| Jul 19 | $8,903 | $11,254 |
| Jul 20 | $7,520 | $11,066 |
| Jul 21 | $12,149 | $14,420 |
| Jul 22 | $8,406 | $12,356 |
| Jul 23 | $10,063 | $14,431 |
| Jul 24 | $11,206 | $16,048 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $3,756,394 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $11,076 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 11.36% | 4.71% | 1.14% |
| MSCI EAFE Index | 11.21 | 7.36 | 4.84 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | 200% |
| Total | 200% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
MSCI EAFE Index – Composition
| Financials | 20% |
| Industrials | 17% |
| Health Care | 14% |
| Consumer Discretionary | 11% |
| Information Technology | 9% |
| Consumer Staples | 9% |
| Other | 20% |
| 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. |
| Japan | 23% |
| United Kingdom | 15% |
| France | 11% |
| Switzerland | 10% |
| Other | 41% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"MSCI" and "EAFE" are service marks of MSCI and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by MSCI and MSCI makes no representation regarding the advisability of investing in ProFunds.
UltraInternational ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraInternational ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraInternational ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $292 | 2.78% |
How did the Fund perform last year?
UltraInternational ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the MSCI EAFE Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had 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. For the same period, the Index had a total return of 11.21%and a volatility of 11.48%. The Index performance was driven by factors such as having a substantial underweight to technology compared to the S&P 500®, which contributed to underperformance relative to the S&P 500®. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $10,140 | MSCI EAFE Index $16,048 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $9,349 | $9,972 |
| Jul 16 | $7,214 | $9,221 |
| Jul 17 | $9,483 | $10,860 |
| Jul 18 | $9,872 | $11,555 |
| Jul 19 | $8,467 | $11,254 |
| Jul 20 | $7,080 | $11,066 |
| Jul 21 | $11,344 | $14,420 |
| Jul 22 | $7,768 | $12,356 |
| Jul 23 | $9,221 | $14,431 |
| Jul 24 | $10,140 | $16,048 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $3,756,394 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $11,076 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 9.96% | 3.67% | 0.14% |
| MSCI EAFE Index | 11.21 | 7.36 | 4.84 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | 200% |
| Total | 200% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
MSCI EAFE Index – Composition
| Financials | 20% |
| Industrials | 17% |
| Health Care | 14% |
| Consumer Discretionary | 11% |
| Information Technology | 9% |
| Consumer Staples | 9% |
| Other | 20% |
| 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. |
| Japan | 23% |
| United Kingdom | 15% |
| France | 11% |
| Switzerland | 10% |
| Other | 41% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"MSCI" and "EAFE" are service marks of MSCI and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by MSCI and MSCI makes no representation regarding the advisability of investing in ProFunds.
UltraInternational ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraJapan ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $209 | 1.76% |
How did the Fund perform last year?
UltraJapan ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the Nikkei 225 Stock Average (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had 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. For the same period, the Index has a total return of 13.37%, as measured in unhedged U.S. dollar terms, or 20.06% in local (Japanese yen) terms and a volatility of 17.39%. A weak yen helped drive Index returns. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $43,620 | S&P Global 1200 Index $26,048 | Nikkei 225 Stock Average - Yen $30,338 | Nikkei 225 Stock Average - USD $20,735 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $16,385 | $10,453 | $13,397 | $11,120 |
| Jul 16 | $9,297 | $10,532 | $10,989 | $11,026 |
| Jul 17 | $13,492 | $12,388 | $13,466 | $12,532 |
| Jul 18 | $17,005 | $13,900 | $15,537 | $14,273 |
| Jul 19 | $15,178 | $14,434 | $15,145 | $14,344 |
| Jul 20 | $14,442 | $15,556 | $15,604 | $15,176 |
| Jul 21 | $22,035 | $20,914 | $19,928 | $18,672 |
| Jul 22 | $22,024 | $19,229 | $20,708 | $15,933 |
| Jul 23 | $31,698 | $21,924 | $25,269 | $18,289 |
| Jul 24 | $43,620 | $26,048 | $30,338 | $20,735 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $24,333,194 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $226,885 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 37.61% | 23.51% | 15.87% |
| S&P Global 1200 Index | 18.81 | 12.53 | 10.05 |
| Nikkei 225 Stock Average - Yen | 20.06 | 14.91 | 11.74 |
| Nikkei 225 Stock Average - USD | 13.37 | 7.65 | 7.56 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | 199% |
| Swap Agreements | 1% |
| Total | 200% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Nikkei 225 Stock Average – Composition
| Information Technology | 25% |
| Consumer Discretionary | 21% |
| Industrials | 18% |
| Health Care | 10% |
| Communication Services | 10% |
| Other | 16% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Nikkei 225 Stock Index" is a registered trademark of The Nikkei 225 Stock Average and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by The Nikkei 225 Stock Average and The Nikkei 225 Stock Average makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraJapan ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $323 | 2.73% |
How did the Fund perform last year?
UltraJapan ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the Nikkei 225 Stock Average (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had 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. For the same period, the Index has a total return of 13.37%, as measured in unhedged U.S. dollar terms, or 20.06% in local (Japanese yen) terms and a volatility of 17.39%. A weak yen helped drive Index returns. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $39,604 | S&P Global 1200 Index $26,048 | Nikkei 225 Stock Average - Yen $30,338 | Nikkei 225 Stock Average - USD $20,735 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $16,225 | $10,453 | $13,397 | $11,120 |
| Jul 16 | $9,125 | $10,532 | $10,989 | $11,026 |
| Jul 17 | $13,120 | $12,388 | $13,466 | $12,532 |
| Jul 18 | $16,377 | $13,900 | $15,537 | $14,273 |
| Jul 19 | $14,473 | $14,434 | $15,145 | $14,344 |
| Jul 20 | $13,634 | $15,556 | $15,604 | $15,176 |
| Jul 21 | $20,599 | $20,914 | $19,928 | $18,672 |
| Jul 22 | $20,385 | $19,229 | $20,708 | $15,933 |
| Jul 23 | $29,054 | $21,924 | $25,269 | $18,289 |
| Jul 24 | $39,604 | $26,048 | $30,338 | $20,735 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $24,333,194 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $226,885 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 36.31% | 22.30% | 14.76% |
| S&P Global 1200 Index | 18.81 | 12.53 | 10.05 |
| Nikkei 225 Stock Average - Yen | 20.06 | 14.91 | 11.74 |
| Nikkei 225 Stock Average - USD | 13.37 | 7.65 | 7.56 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | 199% |
| Swap Agreements | 1% |
| Total | 200% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Nikkei 225 Stock Average – Composition
| Information Technology | 25% |
| Consumer Discretionary | 21% |
| Industrials | 18% |
| Health Care | 10% |
| Communication Services | 10% |
| Other | 16% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Nikkei 225 Stock Index" is a registered trademark of The Nikkei 225 Stock Average and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by The Nikkei 225 Stock Average and The Nikkei 225 Stock Average makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraLatin America ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraLatin America ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $164 | 1.84% |
How did the Fund perform last year?
UltraLatin America ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the S&P® Latin America 35 ADR Index (USD) (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index. For the same period, the Index had a total return of -6.34%and a volatility of 18.46%. Rangebound oil prices and lack of technology exposure dampened Index returns. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $2,616 | S&P Global 1200 Index $26,048 | S&P Latin America 35 ADR Index (USD) $9,758 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $4,076 | $10,453 | $6,683 |
| Jul 16 | $3,797 | $10,532 | $6,918 |
| Jul 17 | $5,112 | $12,388 | $8,449 |
| Jul 18 | $4,795 | $13,900 | $8,517 |
| Jul 19 | $4,626 | $14,434 | $8,848 |
| Jul 20 | $1,560 | $15,556 | $6,020 |
| Jul 21 | $2,821 | $20,914 | $8,538 |
| Jul 22 | $2,301 | $19,229 | $8,094 |
| Jul 23 | $3,329 | $21,924 | $10,418 |
| Jul 24 | $2,616 | $26,048 | $9,758 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $7,288,277 |
| Number of Holdings* | 41 |
| Investment Advisory Fees | $65,766 |
| Portfolio Turnover | 111% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (21.41)% | (10.77)% | (12.55)% |
| S&P Global 1200 Index | 18.81 | 12.53 | 10.05 |
| S&P Latin America 35 ADR Index (USD) | (6.34) | 1.98 | (0.24) |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 83% |
| Swap Agreements | 116% |
| Total | 199% |
| Footnote | Description |
Footnote | "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. |
S&P® Latin America 35 ADR Index (USD) – Composition
| Energy | 23% |
| Materials | 21% |
| Financials | 19% |
| Consumer Staples | 13% |
| Industrials | 9% |
| Other | 15% |
| Company | % of Net Assets |
|---|
| Petroleo Brasileiro S.A. | 14.6% |
| Vale S.A. | 10.1% |
| Itau Unibanco Holding S.A. | 7.5% |
| Fomento Economico Mexicano S.A.B. de C.V. | 5.2% |
| America Movil S.A.B. de C.V. | 3.7% |
| Brazil | 65% |
| Mexico | 23% |
| Chile | 5% |
| Argentina | 3% |
| Other | 4% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "S&P Latin America 35 ADR Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
UltraLatin America ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraLatin America ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraLatin America ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $253 | 2.84% |
How did the Fund perform last year?
UltraLatin America ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the S&P® Latin America 35 ADR Index (USD) (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index. For the same period, the Index had a total return of -6.34%and a volatility of 18.46%. Rangebound oil prices and lack of technology exposure dampened Index returns. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $2,378 | S&P Global 1200 Index $26,048 | S&P Latin America 35 ADR Index (USD) $9,758 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $4,046 | $10,453 | $6,683 |
| Jul 16 | $3,729 | $10,532 | $6,918 |
| Jul 17 | $4,968 | $12,388 | $8,449 |
| Jul 18 | $4,614 | $13,900 | $8,517 |
| Jul 19 | $4,406 | $14,434 | $8,848 |
| Jul 20 | $1,472 | $15,556 | $6,020 |
| Jul 21 | $2,634 | $20,914 | $8,538 |
| Jul 22 | $2,125 | $19,229 | $8,094 |
| Jul 23 | $3,053 | $21,924 | $10,418 |
| Jul 24 | $2,378 | $26,048 | $9,758 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $7,288,277 |
| Number of Holdings* | 41 |
| Investment Advisory Fees | $65,766 |
| Portfolio Turnover | 111% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (22.11)% | (11.61)% | (13.38)% |
| S&P Global 1200 Index | 18.81 | 12.53 | 10.05 |
| S&P Latin America 35 ADR Index (USD) | (6.34) | 1.98 | (0.24) |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 83% |
| Swap Agreements | 116% |
| Total | 199% |
| Footnote | Description |
Footnote | "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. |
S&P® Latin America 35 ADR Index (USD) – Composition
| Energy | 23% |
| Materials | 21% |
| Financials | 19% |
| Consumer Staples | 13% |
| Industrials | 9% |
| Other | 15% |
| Company | % of Net Assets |
|---|
| Petroleo Brasileiro S.A. | 14.6% |
| Vale S.A. | 10.1% |
| Itau Unibanco Holding S.A. | 7.5% |
| Fomento Economico Mexicano S.A.B. de C.V. | 5.2% |
| America Movil S.A.B. de C.V. | 3.7% |
| Brazil | 65% |
| Mexico | 23% |
| Chile | 5% |
| Argentina | 3% |
| Other | 4% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "S&P Latin America 35 ADR Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
UltraLatin America ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraMid-Cap ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $173 | 1.57% |
How did the Fund perform last year?
UltraMid-Cap ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the S&P MidCap 400® (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index. For the same period, the Index had a total return of 15.41%and a volatility of 16.53%. The Index performance was driven by the strong equity environment, with an underweight in technology offset by strong industrials performance relative to the S&P 500®. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $30,906 | S&P Composite 1500® Index $33,623 | S&P MidCap 400® $26,499 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,926 | $11,125 | $11,130 |
| Jul 16 | $12,536 | $11,749 | $11,746 |
| Jul 17 | $15,824 | $13,629 | $13,471 |
| Jul 18 | $19,583 | $15,854 | $15,424 |
| Jul 19 | $18,482 | $16,970 | $15,546 |
| Jul 20 | $14,002 | $18,735 | $14,996 |
| Jul 21 | $28,485 | $25,765 | $22,042 |
| Jul 22 | $23,480 | $24,543 | $20,785 |
| Jul 23 | $25,690 | $27,656 | $22,962 |
| Jul 24 | $30,906 | $33,623 | $26,499 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $47,766,134 |
| Number of Holdings* | 407 |
| Investment Advisory Fees | $279,174 |
| Portfolio Turnover | 63% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 20.30% | 10.83% | 11.94% |
S&P Composite 1500® Index | 21.57 | 14.65 | 12.89 |
S&P MidCap 400® | 15.41 | 11.26 | 10.24 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 62% |
| Futures Contracts | 15% |
| Swap Agreements | 123% |
| Total | 200% |
| Footnote | Description |
Footnote | "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. |
S&P MidCap 400® – Composition
| Industrials | 22% |
| Financials | 17% |
| Consumer Discretionary | 15% |
| Health Care | 10% |
| Information Technology | 9% |
| Other | 27% |
| Company | % of Net Assets |
|---|
| Carlisle Cos., Inc. | 0.4% |
| Williams-Sonoma, Inc. | 0.4% |
| Illumina, Inc. | 0.4% |
| Lennox International, Inc. | 0.4% |
| Pure Storage, Inc. | 0.4% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P MidCap 400®" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraMid-Cap ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $282 | 2.57% |
How did the Fund perform last year?
UltraMid-Cap ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the S&P MidCap 400® (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index. For the same period, the Index had a total return of 15.41%and a volatility of 16.53%. The Index performance was driven by the strong equity environment, with an underweight in technology offset by strong industrials performance relative to the S&P 500®. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $27,985 | S&P Composite 1500® Index $33,623 | S&P MidCap 400® $26,499 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,807 | $11,125 | $11,130 |
| Jul 16 | $12,290 | $11,749 | $11,746 |
| Jul 17 | $15,366 | $13,629 | $13,471 |
| Jul 18 | $18,828 | $15,854 | $15,424 |
| Jul 19 | $17,583 | $16,970 | $15,546 |
| Jul 20 | $13,189 | $18,735 | $14,996 |
| Jul 21 | $26,571 | $25,765 | $22,042 |
| Jul 22 | $21,681 | $24,543 | $20,785 |
| Jul 23 | $23,488 | $27,656 | $22,962 |
| Jul 24 | $27,985 | $33,623 | $26,499 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $47,766,134 |
| Number of Holdings* | 407 |
| Investment Advisory Fees | $279,174 |
| Portfolio Turnover | 63% |
* No. of Holdings excludes derivatives and collateral for securities loaned.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 19.15% | 9.74% | 10.84% |
S&P Composite 1500® Index | 21.57 | 14.65 | 12.89 |
S&P MidCap 400® | 15.41 | 11.26 | 10.24 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 62% |
| Futures Contracts | 15% |
| Swap Agreements | 123% |
| Total | 200% |
| Footnote | Description |
Footnote | "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. |
S&P MidCap 400® – Composition
| Industrials | 22% |
| Financials | 17% |
| Consumer Discretionary | 15% |
| Health Care | 10% |
| Information Technology | 9% |
| Other | 27% |
| Company | % of Net Assets |
|---|
| Carlisle Cos., Inc. | 0.4% |
| Williams-Sonoma, Inc. | 0.4% |
| Illumina, Inc. | 0.4% |
| Lennox International, Inc. | 0.4% |
| Pure Storage, Inc. | 0.4% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P MidCap 400®" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraNasdaq-100 ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $179 | 1.50% |
How did the Fund perform last year?
UltraNasdaq-100 ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the Nasdaq-100® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31,2024, the Fund had an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index. For the same period, the Index had a total return of 23.93% and a volatility of 16.68%. The Index performance was driven by factors such as enthusiasm for AI and strength in the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $122,089 | Nasdaq-100® Index $55,015 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $13,597 | $11,930 |
| Jul 16 | $13,868 | $12,457 |
| Jul 17 | $21,004 | $15,672 |
| Jul 18 | $30,266 | $19,480 |
| Jul 19 | $33,116 | $21,377 |
| Jul 20 | $55,508 | $30,007 |
| Jul 21 | $97,971 | $41,466 |
| Jul 22 | $66,708 | $36,158 |
| Jul 23 | $88,448 | $44,392 |
| Jul 24 | $122,089 | $55,015 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $961,692,430 |
| Number of Holdings* | 107 |
| Investment Advisory Fees | $6,468,904 |
| Portfolio Turnover | 22% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 38.03% | 29.82% | 28.43% |
Nasdaq-100® Index | 23.93 | 20.81 | 18.59 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 75% |
| Futures Contracts | 5% |
| Swap Agreements | 120% |
| Total | 200% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Nasdaq-100® Index – Composition
| Information Technology | 51% |
| Communication Services | 15% |
| Consumer Discretionary | 13% |
| Health Care | 6% |
| Consumer Staples | 6% |
| Other | 9% |
| Company | % of Net Assets |
|---|
| Apple, Inc. | 6.8% |
| Microsoft Corp. | 6.2% |
| NVIDIA Corp. | 5.7% |
| Alphabet, Inc. | 3.9% |
| Amazon.com, Inc. | 3.9% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"QQQ®", "Nasdaq-100 Index®" and "Nasdaq-100®" are registered trademarks of The Nasdaq OMX Group Inc. and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by The Nasdaq OMX Group Inc. and The Nasdaq OMX Group Inc. makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraNasdaq-100 ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $296 | 2.50% |
How did the Fund perform last year?
UltraNasdaq-100 ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the Nasdaq-100® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31,2024, the Fund had an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index. For the same period, the Index had a total return of 23.93% and a volatility of 16.68%. The Index performance was driven by factors such as enthusiasm for AI and strength in the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $110,455 | Nasdaq-100® Index $55,015 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $13,463 | $11,930 |
| Jul 16 | $13,594 | $12,457 |
| Jul 17 | $20,384 | $15,672 |
| Jul 18 | $29,078 | $19,480 |
| Jul 19 | $31,499 | $21,377 |
| Jul 20 | $52,272 | $30,007 |
| Jul 21 | $91,361 | $41,466 |
| Jul 22 | $61,581 | $36,158 |
| Jul 23 | $80,823 | $44,392 |
| Jul 24 | $110,455 | $55,015 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $961,692,430 |
| Number of Holdings* | 107 |
| Investment Advisory Fees | $6,468,904 |
| Portfolio Turnover | 22% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 36.66% | 28.52% | 27.15% |
Nasdaq-100® Index | 23.93 | 20.81 | 18.59 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 75% |
| Futures Contracts | 5% |
| Swap Agreements | 120% |
| Total | 200% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Nasdaq-100® Index – Composition
| Information Technology | 51% |
| Communication Services | 15% |
| Consumer Discretionary | 13% |
| Health Care | 6% |
| Consumer Staples | 6% |
| Other | 9% |
| Company | % of Net Assets |
|---|
| Apple, Inc. | 6.8% |
| Microsoft Corp. | 6.2% |
| NVIDIA Corp. | 5.7% |
| Alphabet, Inc. | 3.9% |
| Amazon.com, Inc. | 3.9% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"QQQ®", "Nasdaq-100 Index®" and "Nasdaq-100®" are registered trademarks of The Nasdaq OMX Group Inc. and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by The Nasdaq OMX Group Inc. and The Nasdaq OMX Group Inc. makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraShort China ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $209 | 1.78% |
How did the Fund perform last year?
UltraShort China 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 S&P China Select ADR Index (USD) (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index. For the same period, the Index had a total return of -18.78% and a volatility of 28.03%. Growth worries and political challenges weighed on Chinese stocks. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $518 | S&P Global 1200 Index $26,048 | S&P China Select ADR Index (USD) $8,007 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $8,880 | $10,453 | $9,648 |
| Jul 16 | $7,912 | $10,532 | $9,000 |
| Jul 17 | $3,810 | $12,388 | $12,362 |
| Jul 18 | $2,870 | $13,900 | $13,432 |
| Jul 19 | $3,317 | $14,434 | $11,397 |
| Jul 20 | $1,422 | $15,556 | $14,995 |
| Jul 21 | $1,259 | $20,914 | $13,206 |
| Jul 22 | $894 | $19,229 | $8,432 |
| Jul 23 | $385 | $21,924 | $9,859 |
| Jul 24 | $518 | $26,048 | $8,007 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $987,197 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 34.30% | (31.03)% | (25.63)% |
| S&P Global 1200 Index | 18.81 | 12.53 | 10.05 |
| S&P China Select ADR Index (USD) | (18.78) | (6.82) | (2.20) |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (200)% |
| Total | (200)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P® China Select ADR Index (USD) – Composition
| Consumer Discretionary | 67% |
| Communication Services | 17% |
| Health Care | 5% |
| Industrials | 5% |
| Real Estate | 4% |
| Other | 2% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "S&P China Select ADR Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraShort China ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $318 | 2.73% |
How did the Fund perform last year?
UltraShort China 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 S&P China Select ADR Index (USD) (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index. For the same period, the Index had a total return of -18.78% and a volatility of 28.03%. Growth worries and political challenges weighed on Chinese stocks. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $472 | S&P Global 1200 Index $26,048 | S&P China Select ADR Index (USD) $8,007 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $8,795 | $10,453 | $9,648 |
| Jul 16 | $7,758 | $10,532 | $9,000 |
| Jul 17 | $3,699 | $12,388 | $12,362 |
| Jul 18 | $2,759 | $13,900 | $13,432 |
| Jul 19 | $3,156 | $14,434 | $11,397 |
| Jul 20 | $1,341 | $15,556 | $14,995 |
| Jul 21 | $1,173 | $20,914 | $13,206 |
| Jul 22 | $826 | $19,229 | $8,432 |
| Jul 23 | $355 | $21,924 | $9,859 |
| Jul 24 | $472 | $26,048 | $8,007 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $987,197 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 32.77% | (31.63)% | (26.32)% |
| S&P Global 1200 Index | 18.81 | 12.53 | 10.05 |
| S&P China Select ADR Index (USD) | (18.78) | (6.82) | (2.20) |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (200)% |
| Total | (200)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P® China Select ADR Index (USD) – Composition
| Consumer Discretionary | 67% |
| Communication Services | 17% |
| Health Care | 5% |
| Industrials | 5% |
| Real Estate | 4% |
| Other | 2% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "S&P China Select ADR Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraShort Dow 30 ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraShort Dow 30 ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $162 | 1.78% |
How did the Fund perform last year?
UltraShort Dow 30 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 Dow Jones Industrial Average® (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index. For the same period, the Index had a total return of 17.22% and a volatility of 10.03%. The Index performance was driven by factors such as the strong equity environment. However, having an underweight to technology compared to the S&P 500®, muted returns relative to the S&P 500®. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $560 | S&P 500® Index $34,403 | Dow Jones Industrial Average® $30,943 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $7,885 | $11,121 | $10,934 |
| Jul 16 | $6,282 | $11,745 | $11,700 |
| Jul 17 | $4,171 | $13,629 | $14,253 |
| Jul 18 | $2,872 | $15,843 | $16,925 |
| Jul 19 | $2,410 | $17,108 | $18,316 |
| Jul 20 | $1,610 | $19,153 | $18,467 |
| Jul 21 | $822 | $26,134 | $24,892 |
| Jul 22 | $819 | $24,921 | $23,863 |
| Jul 23 | $687 | $28,165 | $26,397 |
| Jul 24 | $560 | $34,403 | $30,943 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $1,958,528 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (18.44)% | (25.31)% | (25.04)% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Dow Jones Industrial Average® | 17.22 | 11.06 | 11.96 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (200)% |
| Total | (200)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Dow Jones Industrial Average® – Composition
| Financials | 23% |
| Health Care | 19% |
| Information Technology | 19% |
| Consumer Discretionary | 14% |
| Industrials | 14% |
| Other | 11% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"The Dow 30SM" and "Dow Jones Industrial Average" are products of "Dow Jones Indexes", the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"). "Dow Jones®", "DJ", "Dow Jones Indexes", "The Dow 30" and "Dow Jones Industrial Average" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed to CME Indexes and sublicensed to ProFunds. ProFunds have not been passed on by CME Indexes or Dow Jones as to their legality or suitability. ProFunds based on The Dow 30 are not sponsored, endorsed, sold or promoted by CME Indexes or Dow Jones, and they make no representation regarding the advisability of investing in ProFunds.
UltraShort Dow 30 ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraShort Dow 30 ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraShort Dow 30 ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $251 | 2.78% |
How did the Fund perform last year?
UltraShort Dow 30 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 Dow Jones Industrial Average® (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index. For the same period, the Index had a total return of 17.22% and a volatility of 10.03%. The Index performance was driven by factors such as the strong equity environment. However, having an underweight to technology compared to the S&P 500®, muted returns relative to the S&P 500®. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $508 | S&P 500® Index $34,403 | Dow Jones Industrial Average® $30,943 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $7,805 | $11,121 | $10,934 |
| Jul 16 | $6,159 | $11,745 | $11,700 |
| Jul 17 | $4,045 | $13,629 | $14,253 |
| Jul 18 | $2,757 | $15,843 | $16,925 |
| Jul 19 | $2,291 | $17,108 | $18,316 |
| Jul 20 | $1,514 | $19,153 | $18,467 |
| Jul 21 | $766 | $26,134 | $24,892 |
| Jul 22 | $755 | $24,921 | $23,863 |
| Jul 23 | $629 | $28,165 | $26,397 |
| Jul 24 | $508 | $34,403 | $30,943 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $1,958,528 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (19.23)% | (26.01)% | (25.77)% |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Dow Jones Industrial Average® | 17.22 | 11.06 | 11.96 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (200)% |
| Total | (200)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Dow Jones Industrial Average® – Composition
| Financials | 23% |
| Health Care | 19% |
| Information Technology | 19% |
| Consumer Discretionary | 14% |
| Industrials | 14% |
| Other | 11% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"The Dow 30SM" and "Dow Jones Industrial Average" are products of "Dow Jones Indexes", the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"). "Dow Jones®", "DJ", "Dow Jones Indexes", "The Dow 30" and "Dow Jones Industrial Average" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") and have been licensed to CME Indexes and sublicensed to ProFunds. ProFunds have not been passed on by CME Indexes or Dow Jones as to their legality or suitability. ProFunds based on The Dow 30 are not sponsored, endorsed, sold or promoted by CME Indexes or Dow Jones, and they make no representation regarding the advisability of investing in ProFunds.
UltraShort Dow 30 ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraShort Emerging Markets ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraShort Emerging Markets ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $171 | 1.78% |
How did the Fund perform last year?
UltraShort Emerging Markets 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 S&P Emerging 50 ADR Index (USD) (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index. For the same period, the Index had a total return of 5.75%and a volatility of 17.99%. A substantial weight to China dampened Index performance. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $1,169 | S&P Global 1200 Index $26,048 | S&P® Emerging 50 ADR Index (USD) $14,071 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $13,014 | $10,453 | $8,204 |
| Jul 16 | $10,103 | $10,532 | $8,455 |
| Jul 17 | $5,625 | $12,388 | $10,874 |
| Jul 18 | $4,763 | $13,900 | $11,376 |
| Jul 19 | $4,900 | $14,434 | $10,779 |
| Jul 20 | $2,566 | $15,556 | $12,684 |
| Jul 21 | $1,507 | $20,914 | $14,942 |
| Jul 22 | $1,880 | $19,229 | $11,495 |
| Jul 23 | $1,275 | $21,924 | $13,305 |
| Jul 24 | $1,169 | $26,048 | $14,071 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $361,860 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (8.31)% | (24.92)% | (19.32)% |
| S&P Global 1200 Index | 18.81 | 12.53 | 10.05 |
S&P® Emerging 50 ADR Index (USD) | 5.75 | 5.47 | 3.47 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (201)% |
| Total | (201)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P® Emerging 50 ADR Index (USD) – Composition
| Information Technology | 28% |
| Consumer Discretionary | 24% |
| Financials | 20% |
| Communication Services | 8% |
| Materials | 7% |
| Other | 13% |
| 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. |
| China | 31% |
| Taiwan | 23% |
| India | 20% |
| Brazil | 13% |
| Other | 13% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "S&P Emerging 50 ADR Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
UltraShort Emerging Markets ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraShort Emerging Markets ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraShort Emerging Markets ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $265 | 2.78% |
How did the Fund perform last year?
UltraShort Emerging Markets 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 S&P Emerging 50 ADR Index (USD) (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index. For the same period, the Index had a total return of 5.75%and a volatility of 17.99%. A substantial weight to China dampened Index performance. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $1,059 | S&P Global 1200 Index $26,048 | S&P® Emerging 50 ADR Index (USD) $14,071 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $12,894 | $10,453 | $8,204 |
| Jul 16 | $9,906 | $10,532 | $8,455 |
| Jul 17 | $5,464 | $12,388 | $10,874 |
| Jul 18 | $4,584 | $13,900 | $11,376 |
| Jul 19 | $4,668 | $14,434 | $10,779 |
| Jul 20 | $2,423 | $15,556 | $12,684 |
| Jul 21 | $1,408 | $20,914 | $14,942 |
| Jul 22 | $1,739 | $19,229 | $11,495 |
| Jul 23 | $1,168 | $21,924 | $13,305 |
| Jul 24 | $1,059 | $26,048 | $14,071 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $361,860 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (9.27)% | (25.67)% | (20.11)% |
| S&P Global 1200 Index | 18.81 | 12.53 | 10.05 |
S&P® Emerging 50 ADR Index (USD) | 5.75 | 5.47 | 3.47 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (201)% |
| Total | (201)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P® Emerging 50 ADR Index (USD) – Composition
| Information Technology | 28% |
| Consumer Discretionary | 24% |
| Financials | 20% |
| Communication Services | 8% |
| Materials | 7% |
| Other | 13% |
| 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. |
| China | 31% |
| Taiwan | 23% |
| India | 20% |
| Brazil | 13% |
| Other | 13% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "S&P Emerging 50 ADR Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
UltraShort Emerging Markets ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraShort International ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraShort International ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $168 | 1.78% |
How did the Fund perform last year?
UltraShort International 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 MSCI EAFE Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had 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. For the same period, the Index had a total return of 11.21% and a volatility of 11.48%. The Index performance was driven by factors such as having a substantial underweight to technology compared to the S&P 500®, which contributed to underperformance relative to the S&P 500®. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $1,868 | MSCI EAFE Index $16,048 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $9,079 | $9,972 |
| Jul 16 | $9,159 | $9,221 |
| Jul 17 | $6,282 | $10,860 |
| Jul 18 | $5,454 | $11,555 |
| Jul 19 | $5,725 | $11,254 |
| Jul 20 | $4,484 | $11,066 |
| Jul 21 | $2,385 | $14,420 |
| Jul 22 | $2,826 | $12,356 |
| Jul 23 | $2,103 | $14,431 |
| Jul 24 | $1,868 | $16,048 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $2,100,395 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (11.20)% | (20.07)% | (15.45)% |
| MSCI EAFE Index | 11.21 | 7.36 | 4.84 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (200)% |
| Total | (200)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
MSCI EAFE Index – Composition
| Financials | 20% |
| Industrials | 17% |
| Health Care | 14% |
| Consumer Discretionary | 11% |
| Information Technology | 9% |
| Consumer Staples | 9% |
| Other | 20% |
| 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. |
| Japan | 23% |
| United Kingdom | 15% |
| France | 11% |
| Switzerland | 10% |
| Other | 41% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"MSCI" and "EAFE" are service marks of MSCI and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by MSCI and MSCI makes no representation regarding the advisability of investing in ProFunds.
UltraShort International ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraShort International ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraShort International ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $261 | 2.78% |
How did the Fund perform last year?
UltraShort International 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 MSCI EAFE Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had 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. For the same period, the Index had a total return of 11.21% and a volatility of 11.48%. The Index performance was driven by factors such as having a substantial underweight to technology compared to the S&P 500®, which contributed to underperformance relative to the S&P 500®. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $1,688 | MSCI EAFE Index $16,048 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $8,988 | $9,972 |
| Jul 16 | $8,975 | $9,221 |
| Jul 17 | $6,096 | $10,860 |
| Jul 18 | $5,244 | $11,555 |
| Jul 19 | $5,448 | $11,254 |
| Jul 20 | $4,224 | $11,066 |
| Jul 21 | $2,225 | $14,420 |
| Jul 22 | $2,610 | $12,356 |
| Jul 23 | $1,923 | $14,431 |
| Jul 24 | $1,688 | $16,048 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $2,100,395 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (12.25)% | (20.89)% | (16.30)% |
| MSCI EAFE Index | 11.21 | 7.36 | 4.84 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (200)% |
| Total | (200)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
MSCI EAFE Index – Composition
| Financials | 20% |
| Industrials | 17% |
| Health Care | 14% |
| Consumer Discretionary | 11% |
| Information Technology | 9% |
| Consumer Staples | 9% |
| Other | 20% |
| 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. |
| Japan | 23% |
| United Kingdom | 15% |
| France | 11% |
| Switzerland | 10% |
| Other | 41% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"MSCI" and "EAFE" are service marks of MSCI and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by MSCI and MSCI makes no representation regarding the advisability of investing in ProFunds.
UltraShort International ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraShort Japan ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $153 | 1.78% |
How did the Fund perform last year?
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”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had 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. For the same period, the Index had a total return of 13.37%, as measured in unhedged U.S. Dollar terms, or 20.06% in local (Japanese yen) terms and a volatility of 17.36%. A weak yen helped drive Index returns. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $386 | S&P Global 1200 Index $26,048 | Nikkei 225 Stock Average - Yen $30,338 | Nikkei 225 Stock Average - USD $20,735 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $4,966 | $10,453 | $13,397 | $11,120 |
| Jul 16 | $6,013 | $10,532 | $10,989 | $11,026 |
| Jul 17 | $3,756 | $12,388 | $13,466 | $12,532 |
| Jul 18 | $2,607 | $13,900 | $15,537 | $14,273 |
| Jul 19 | $2,574 | $14,434 | $15,145 | $14,344 |
| Jul 20 | $1,769 | $15,556 | $15,604 | $15,176 |
| Jul 21 | $997 | $20,914 | $19,928 | $18,672 |
| Jul 22 | $810 | $19,229 | $20,708 | $15,933 |
| Jul 23 | $539 | $21,924 | $25,269 | $18,289 |
| Jul 24 | $386 | $26,048 | $30,338 | $20,735 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $1,304,143 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (28.39)% | (31.58)% | (27.78)% |
| S&P Global 1200 Index | 18.81 | 12.53 | 10.05 |
| Nikkei 225 Stock Average - Yen | 20.06 | 14.91 | 11.74 |
| Nikkei 225 Stock Average - USD | 13.37 | 7.65 | 7.56 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | (163)% |
| Swap Agreements | (37)% |
| Total | (200)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Nikkei 225 Stock Average – Composition
| Information Technology | 25% |
| Consumer Discretionary | 21% |
| Industrials | 18% |
| Health Care | 10% |
| Communication Services | 10% |
| Other | 16% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Nikkei 225 Stock Index" is a registered trademark of The Nikkei 225 Stock Average and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by The Nikkei 225 Stock Average and The Nikkei 225 Stock Average makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraShort Japan ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $238 | 2.78% |
How did the Fund perform last year?
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”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had 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. For the same period, the Index had a total return of 13.37%, as measured in unhedged U.S. Dollar terms, or 20.06% in local (Japanese yen) terms and a volatility of 17.36%. A weak yen helped drive Index returns. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $349 | S&P Global 1200 Index $26,048 | Nikkei 225 Stock Average - Yen $30,338 | Nikkei 225 Stock Average - USD $20,735 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $4,921 | $10,453 | $13,397 | $11,120 |
| Jul 16 | $5,901 | $10,532 | $10,989 | $11,026 |
| Jul 17 | $3,649 | $12,388 | $13,466 | $12,532 |
| Jul 18 | $2,506 | $13,900 | $15,537 | $14,273 |
| Jul 19 | $2,450 | $14,434 | $15,145 | $14,344 |
| Jul 20 | $1,669 | $15,556 | $15,604 | $15,176 |
| Jul 21 | $931 | $20,914 | $19,928 | $18,672 |
| Jul 22 | $747 | $19,229 | $20,708 | $15,933 |
| Jul 23 | $491 | $21,924 | $25,269 | $18,289 |
| Jul 24 | $349 | $26,048 | $30,338 | $20,735 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $1,304,143 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (29.03)% | (32.29)% | (28.51)% |
| S&P Global 1200 Index | 18.81 | 12.53 | 10.05 |
| Nikkei 225 Stock Average - Yen | 20.06 | 14.91 | 11.74 |
| Nikkei 225 Stock Average - USD | 13.37 | 7.65 | 7.56 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | (163)% |
| Swap Agreements | (37)% |
| Total | (200)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Nikkei 225 Stock Average – Composition
| Information Technology | 25% |
| Consumer Discretionary | 21% |
| Industrials | 18% |
| Health Care | 10% |
| Communication Services | 10% |
| Other | 16% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Nikkei 225 Stock Index" is a registered trademark of The Nikkei 225 Stock Average and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by The Nikkei 225 Stock Average and The Nikkei 225 Stock Average makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraShort Latin America ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraShort Latin America ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $193 | 1.78% |
How did the Fund perform last year?
UltraShort Latin America 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 S&P Latin America 35 ADR Index (USD) (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index. For the same period, the Index had a total return of -6.34% and a volatility of 18.46%. Rangebound oil prices and lack of technology exposure dampened Index returns. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $921 | S&P Global 1200 Index $26,048 | S&P Latin America 35 ADR Index (USD) $9,758 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $17,893 | $10,453 | $6,683 |
| Jul 16 | $11,697 | $10,532 | $6,918 |
| Jul 17 | $6,322 | $12,388 | $8,449 |
| Jul 18 | $5,526 | $13,900 | $8,517 |
| Jul 19 | $4,374 | $14,434 | $8,848 |
| Jul 20 | $4,384 | $15,556 | $6,020 |
| Jul 21 | $1,627 | $20,914 | $8,538 |
| Jul 22 | $1,454 | $19,229 | $8,094 |
| Jul 23 | $789 | $21,924 | $10,418 |
| Jul 24 | $921 | $26,048 | $9,758 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $1,495,692 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 16.68% | (26.78)% | (21.22)% |
| S&P Global 1200 Index | 18.81 | 12.53 | 10.05 |
| S&P Latin America 35 ADR Index (USD) | (6.34) | 1.98 | (0.24) |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (201)% |
| Total | (201)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P® Latin America 35 ADR Index (USD) – Composition
| Energy | 23% |
| Materials | 21% |
| Financials | 19% |
| Consumer Staples | 13% |
| Industrials | 9% |
| Other | 15% |
| 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. |
| Brazil | 65% |
| Mexico | 23% |
| Chile | 5% |
| Argentina | 3% |
| Other | 4% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "S&P Latin America 35 ADR Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
UltraShort Latin America ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraShort Latin America ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraShort Latin America ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $300 | 2.78% |
How did the Fund perform last year?
UltraShort Latin America 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 S&P Latin America 35 ADR Index (USD) (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index. For the same period, the Index had a total return of -6.34% and a volatility of 18.46%. Rangebound oil prices and lack of technology exposure dampened Index returns. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $834 | S&P Global 1200 Index $26,048 | S&P Latin America 35 ADR Index (USD) $9,758 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $17,734 | $10,453 | $6,683 |
| Jul 16 | $11,483 | $10,532 | $6,918 |
| Jul 17 | $6,142 | $12,388 | $8,449 |
| Jul 18 | $5,311 | $13,900 | $8,517 |
| Jul 19 | $4,160 | $14,434 | $8,848 |
| Jul 20 | $4,125 | $15,556 | $6,020 |
| Jul 21 | $1,516 | $20,914 | $8,538 |
| Jul 22 | $1,343 | $19,229 | $8,094 |
| Jul 23 | $721 | $21,924 | $10,418 |
| Jul 24 | $834 | $26,048 | $9,758 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $1,495,692 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 15.65% | (27.49)% | (22.00)% |
| S&P Global 1200 Index | 18.81 | 12.53 | 10.05 |
| S&P Latin America 35 ADR Index (USD) | (6.34) | 1.98 | (0.24) |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (201)% |
| Total | (201)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P® Latin America 35 ADR Index (USD) – Composition
| Energy | 23% |
| Materials | 21% |
| Financials | 19% |
| Consumer Staples | 13% |
| Industrials | 9% |
| Other | 15% |
| 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. |
| Brazil | 65% |
| Mexico | 23% |
| Chile | 5% |
| Argentina | 3% |
| Other | 4% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "S&P Latin America 35 ADR Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
UltraShort Latin America ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraShort Mid-Cap ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraShort Mid-Cap ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $160 | 1.78% |
How did the Fund perform last year?
UltraShort Mid-Cap 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 S&P MidCap 400® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of 0.99 to twice the inverse of the daily performance of the Index. For the same period, the Index had a total return of 15.41%and a volatility of 15.73%. The index performance was driven by the strong equity environment, with an underweight in technology offset by strong industrials performance relative to the S&P 500®. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $519 | S&P Composite 1500® Index $33,623 | S&P MidCap 400® $26,499 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $7,528 | $11,125 | $11,130 |
| Jul 16 | $6,022 | $11,749 | $11,746 |
| Jul 17 | $4,401 | $13,629 | $13,471 |
| Jul 18 | $3,285 | $15,854 | $15,424 |
| Jul 19 | $3,141 | $16,970 | $15,546 |
| Jul 20 | $2,096 | $18,735 | $14,996 |
| Jul 21 | $854 | $25,765 | $22,042 |
| Jul 22 | $815 | $24,543 | $20,785 |
| Jul 23 | $647 | $27,656 | $22,962 |
| Jul 24 | $519 | $33,623 | $26,499 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $553,539 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (19.79)% | (30.24)% | (25.61)% |
S&P Composite 1500® Index | 21.57 | 14.65 | 12.89 |
S&P MidCap 400® | 15.41 | 11.26 | 10.24 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (200)% |
| Total | (200)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P MidCap 400® – Composition
| Industrials | 22% |
| Financials | 17% |
| Consumer Discretionary | 15% |
| Health Care | 10% |
| Information Technology | 9% |
| Other | 27% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P MidCap 400®" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
UltraShort Mid-Cap ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraShort Mid-Cap ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraShort Mid-Cap ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $249 | 2.78% |
How did the Fund perform last year?
UltraShort Mid-Cap 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 S&P MidCap 400® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of 0.99 to twice the inverse of the daily performance of the Index. For the same period, the Index had a total return of 15.41%and a volatility of 15.73%. The index performance was driven by the strong equity environment, with an underweight in technology offset by strong industrials performance relative to the S&P 500®. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $468 | S&P Composite 1500® Index $33,623 | S&P MidCap 400® $26,499 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $7,429 | $11,125 | $11,130 |
| Jul 16 | $5,866 | $11,749 | $11,746 |
| Jul 17 | $4,254 | $13,629 | $13,471 |
| Jul 18 | $3,148 | $15,854 | $15,424 |
| Jul 19 | $2,978 | $16,970 | $15,546 |
| Jul 20 | $1,968 | $18,735 | $14,996 |
| Jul 21 | $795 | $25,765 | $22,042 |
| Jul 22 | $753 | $24,543 | $20,785 |
| Jul 23 | $590 | $27,656 | $22,962 |
| Jul 24 | $468 | $33,623 | $26,499 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $553,539 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $- |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (20.62)% | (30.92)% | (26.37)% |
S&P Composite 1500® Index | 21.57 | 14.65 | 12.89 |
S&P MidCap 400® | 15.41 | 11.26 | 10.24 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Swap Agreements | (200)% |
| Total | (200)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P MidCap 400® – Composition
| Industrials | 22% |
| Financials | 17% |
| Consumer Discretionary | 15% |
| Health Care | 10% |
| Information Technology | 9% |
| Other | 27% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®" and "S&P MidCap 400®" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
UltraShort Mid-Cap ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraShort Nasdaq-100 ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraShort Nasdaq-100 ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $159 | 1.88% |
How did the Fund perform last year?
UltraShort Nasdaq-100 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 Nasdaq-100® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index. For the same period, the Index had a total return of 23.93%and a volatility of 16.68%. The Index performance was driven by factors such as enthusiasm for AI and strength in the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $101 | Nasdaq-100® Index $55,015 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $6,522 | $11,930 |
| Jul 16 | $5,259 | $12,457 |
| Jul 17 | $3,212 | $15,672 |
| Jul 18 | $1,969 | $19,480 |
| Jul 19 | $1,527 | $21,377 |
| Jul 20 | $537 | $30,007 |
| Jul 21 | $237 | $41,466 |
| Jul 22 | $239 | $36,158 |
| Jul 23 | $146 | $44,392 |
| Jul 24 | $101 | $55,015 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $9,864,607 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $112,576 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (31.02)% | (41.92)% | (36.85)% |
Nasdaq-100® Index | 23.93 | 20.81 | 18.59 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | (24)% |
| Swap Agreements | (175)% |
| Total | (199)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Nasdaq-100® Index – Composition
| Information Technology | 51% |
| Communication Services | 15% |
| Consumer Discretionary | 13% |
| Health Care | 6% |
| Consumer Staples | 6% |
| Other | 9% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"QQQ®", "Nasdaq-100 Index®" and "Nasdaq-100®" are registered trademarks of The Nasdaq OMX Group Inc. and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by The Nasdaq OMX Group Inc. and The Nasdaq OMX Group Inc. makes no representation regarding the advisability of investing in ProFunds.
UltraShort Nasdaq-100 ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraShort Nasdaq-100 ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraShort Nasdaq-100 ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $239 | 2.84% |
How did the Fund perform last year?
UltraShort Nasdaq-100 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 Nasdaq-100® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index. For the same period, the Index had a total return of 23.93%and a volatility of 16.68%. The Index performance was driven by factors such as enthusiasm for AI and strength in the "Magnificent Seven" companies. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $92 | Nasdaq-100® Index $55,015 |
|---|
| Jul 14 | $10,000 | $10,000 |
| Jul 15 | $6,464 | $11,930 |
| Jul 16 | $5,155 | $12,457 |
| Jul 17 | $3,121 | $15,672 |
| Jul 18 | $1,896 | $19,480 |
| Jul 19 | $1,458 | $21,377 |
| Jul 20 | $509 | $30,007 |
| Jul 21 | $222 | $41,466 |
| Jul 22 | $221 | $36,158 |
| Jul 23 | $134 | $44,392 |
| Jul 24 | $92 | $55,015 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $9,864,607 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $112,576 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (31.66)% | (42.49)% | (37.45)% |
Nasdaq-100® Index | 23.93 | 20.81 | 18.59 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | (24)% |
| Swap Agreements | (175)% |
| Total | (199)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Nasdaq-100® Index – Composition
| Information Technology | 51% |
| Communication Services | 15% |
| Consumer Discretionary | 13% |
| Health Care | 6% |
| Consumer Staples | 6% |
| Other | 9% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"QQQ®", "Nasdaq-100 Index®" and "Nasdaq-100®" are registered trademarks of The Nasdaq OMX Group Inc. and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by The Nasdaq OMX Group Inc. and The Nasdaq OMX Group Inc. makes no representation regarding the advisability of investing in ProFunds.
UltraShort Nasdaq-100 ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraShort Small-Cap ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraShort Small-Cap ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $158 | 1.78% |
How did the Fund perform last year?
UltraShort Small-Cap 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 Russell 2000® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index. For the same period, the Index had a total return of 14.25% and a volatility of 19.66%. The index performance was driven by the strong equity environment, though its returns lagged the S&P 500® in part due to a relative underweight to technology. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $478 | Russell 3000® Index $32,705 | Russell 2000® Index $23,073 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $7,230 | $11,128 | $11,203 |
| Jul 16 | $6,255 | $11,623 | $11,203 |
| Jul 17 | $4,142 | $13,498 | $13,270 |
| Jul 18 | $2,817 | $15,711 | $15,756 |
| Jul 19 | $2,908 | $16,819 | $15,060 |
| Jul 20 | $1,907 | $18,657 | $14,369 |
| Jul 21 | $689 | $25,882 | $21,836 |
| Jul 22 | $764 | $23,979 | $18,715 |
| Jul 23 | $616 | $27,013 | $20,195 |
| Jul 24 | $478 | $32,705 | $23,073 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $2,924,416 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $13,182 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (22.36)% | (30.30)% | (26.22)% |
Russell 3000® Index | 21.07 | 14.23 | 12.58 |
Russell 2000® Index | 14.25 | 8.91 | 8.72 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | (19)% |
| Swap Agreements | (179)% |
| Total | (198)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Russell 2000® Index – Composition
| Financials | 18% |
| Health Care | 17% |
| Industrials | 17% |
| Information Technology | 13% |
| Consumer Discretionary | 10% |
| Other | 25% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Russell 2000®" and "Russell©" are trademarks of Russell Investment Group ("Russell") and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of investing in ProFunds.
UltraShort Small-Cap ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
UltraShort Small-Cap ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraShort Small-Cap ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $246 | 2.78% |
How did the Fund perform last year?
UltraShort Small-Cap 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 Russell 2000® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice the inverse of the daily performance of the Index. For the same period, the Index had a total return of 14.25% and a volatility of 19.66%. The index performance was driven by the strong equity environment, though its returns lagged the S&P 500® in part due to a relative underweight to technology. Primary factors affecting Fund performance include the total return of the derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, the types of derivative contracts used (and their correlation to the Index), expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $431 | Russell 3000® Index $32,705 | Russell 2000® Index $23,073 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $7,153 | $11,128 | $11,203 |
| Jul 16 | $6,119 | $11,623 | $11,203 |
| Jul 17 | $4,011 | $13,498 | $13,270 |
| Jul 18 | $2,703 | $15,711 | $15,756 |
| Jul 19 | $2,761 | $16,819 | $15,060 |
| Jul 20 | $1,793 | $18,657 | $14,369 |
| Jul 21 | $642 | $25,882 | $21,836 |
| Jul 22 | $704 | $23,979 | $18,715 |
| Jul 23 | $561 | $27,013 | $20,195 |
| Jul 24 | $431 | $32,705 | $23,073 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $2,924,416 |
| Number of Holdings* | 6 |
| Investment Advisory Fees | $13,182 |
| Portfolio Turnover | -% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | (23.13)% | (31.03)% | (26.98)% |
Russell 3000® Index | 21.07 | 14.23 | 12.58 |
Russell 2000® Index | 14.25 | 8.91 | 8.72 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Futures Contracts | (19)% |
| Swap Agreements | (179)% |
| Total | (198)% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Russell 2000® Index – Composition
| Financials | 18% |
| Health Care | 17% |
| Industrials | 17% |
| Information Technology | 13% |
| Consumer Discretionary | 10% |
| Other | 25% |
| 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. |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Russell 2000®" and "Russell©" are trademarks of Russell Investment Group ("Russell") and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of investing in ProFunds.
UltraShort Small-Cap ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraSmall-Cap ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $184 | 1.70% |
How did the Fund perform last year?
UltraSmall-Cap ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the Russell 2000® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index. For the same period, the Index had a total return of 14.25%and a volatility of 19.66%. The Index performance was driven by the strong equity environment, though its returns lagged the S&P 500® in part due to a relative underweight to technology. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $21,078 | Russell 3000® Index $32,705 | Russell 2000® Index $23,073 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,978 | $11,128 | $11,203 |
| Jul 16 | $11,269 | $11,623 | $11,203 |
| Jul 17 | $15,069 | $13,498 | $13,270 |
| Jul 18 | $19,978 | $15,711 | $15,756 |
| Jul 19 | $16,853 | $16,819 | $15,060 |
| Jul 20 | $12,159 | $18,657 | $14,369 |
| Jul 21 | $26,046 | $25,882 | $21,836 |
| Jul 22 | $17,476 | $23,979 | $18,715 |
| Jul 23 | $18,101 | $27,013 | $20,195 |
| Jul 24 | $21,078 | $32,705 | $23,073 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $58,279,114 |
| Number of Holdings* | 1,988 |
| Investment Advisory Fees | $336,107 |
| Portfolio Turnover | 46% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 16.45% | 4.58% | 7.74% |
Russell 3000® Index | 21.07 | 14.23 | 12.58 |
Russell 2000® Index | 14.25 | 8.91 | 8.72 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 58% |
| Futures Contracts | 8% |
| Swap Agreements | 134% |
| Total | 200% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Russell 2000® Index – Composition
| Financials | 18% |
| Health Care | 17% |
| Industrials | 17% |
| Information Technology | 13% |
| Consumer Discretionary | 10% |
| Other | 25% |
| Company | % of Net Assets |
|---|
| Insmed, Inc. | 0.2% |
| FTAI Aviation, Ltd. | 0.2% |
| Sprouts Farmers Market, Inc. | 0.2% |
| Vaxcyte, Inc. | 0.2% |
| Applied Industrial Technologies, Inc. | 0.2% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Russell 2000®" and "Russell©" are trademarks of Russell Investment Group ("Russell") and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the UltraSmall-Cap ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $291 | 2.70% |
How did the Fund perform last year?
UltraSmall-Cap ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the Russell 2000® Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to twice that of the daily performance of the Index. For the same period, the Index had a total return of 14.25%and a volatility of 19.66%. The Index performance was driven by the strong equity environment, though its returns lagged the S&P 500® in part due to a relative underweight to technology. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $19,056 | Russell 3000® Index $32,705 | Russell 2000® Index $23,073 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,863 | $11,128 | $11,203 |
| Jul 16 | $11,041 | $11,623 | $11,203 |
| Jul 17 | $14,622 | $13,498 | $13,270 |
| Jul 18 | $19,175 | $15,711 | $15,756 |
| Jul 19 | $16,017 | $16,819 | $15,060 |
| Jul 20 | $11,441 | $18,657 | $14,369 |
| Jul 21 | $24,263 | $25,882 | $21,836 |
| Jul 22 | $16,121 | $23,979 | $18,715 |
| Jul 23 | $16,529 | $27,013 | $20,195 |
| Jul 24 | $19,056 | $32,705 | $23,073 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $58,279,114 |
| Number of Holdings* | 1,988 |
| Investment Advisory Fees | $336,107 |
| Portfolio Turnover | 46% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 15.29% | 3.54% | 6.66% |
Russell 3000® Index | 21.07 | 14.23 | 12.58 |
Russell 2000® Index | 14.25 | 8.91 | 8.72 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 58% |
| Futures Contracts | 8% |
| Swap Agreements | 134% |
| Total | 200% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
Russell 2000® Index – Composition
| Financials | 18% |
| Health Care | 17% |
| Industrials | 17% |
| Information Technology | 13% |
| Consumer Discretionary | 10% |
| Other | 25% |
| Company | % of Net Assets |
|---|
| Insmed, Inc. | 0.2% |
| FTAI Aviation, Ltd. | 0.2% |
| Sprouts Farmers Market, Inc. | 0.2% |
| Vaxcyte, Inc. | 0.2% |
| Applied Industrial Technologies, Inc. | 0.2% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Russell 2000®" and "Russell©" are trademarks of Russell Investment Group ("Russell") and have been licensed for use by ProFunds. This Fund is not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of investing in ProFunds.
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Utilities UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Utilities UltraSector ProFund Investor Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Investor Class | $191 | 1.80% |
How did the Fund perform last year?
Utilities UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Utilities Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 12.36%and a volatility of 17.14%. The Index performance was driven by factors such as rising interest rates which muted the return of this typically interest-rate sensitive sector. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $24,653 | S&P Total Market Index $32,489 | S&P Utilities Select Sector Index $24,841 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,161 | $11,116 | $11,050 | $11,121 |
| Jul 16 | $14,890 | $11,607 | $13,607 | $11,745 |
| Jul 17 | $15,832 | $13,481 | $14,387 | $13,629 |
| Jul 18 | $16,165 | $15,697 | $14,795 | $15,843 |
| Jul 19 | $19,285 | $16,781 | $17,240 | $17,108 |
| Jul 20 | $18,658 | $18,593 | $18,250 | $19,153 |
| Jul 21 | $21,429 | $25,831 | $20,446 | $26,134 |
| Jul 22 | $25,657 | $23,821 | $23,631 | $24,921 |
| Jul 23 | $22,001 | $26,827 | $22,108 | $28,165 |
| Jul 24 | $24,653 | $32,489 | $24,841 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $37,612,019 |
| Number of Holdings* | 37 |
| Investment Advisory Fees | $83,110 |
| Portfolio Turnover | 35% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 12.06% | 5.03% | 9.44% |
| S&P Total Market Index | 21.10 | 14.13 | 12.51 |
| S&P Utilities Select Sector Index | 12.36 | 7.58 | 9.53 |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 75% |
| Swap Agreements | 75% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Utilities Select Sector Index – Composition
| Electric Utilities | 65% |
| Multi-Utilities | 27% |
| Independent Power and Renewable Electricity Producers | 3% |
| Water Utilities | 3% |
| Gas Utilities | 2% |
| Company | % of Net Assets |
|---|
| NextEra Energy, Inc. | 10.6% |
| The Southern Co. | 6.2% |
| Duke Energy Corp. | 5.7% |
| Constellation Energy Corp. | 4.0% |
| American Electric Power Co., Inc. | 3.5% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "S&P Utilities Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Utilities UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
Utilities UltraSector ProFund
Annual Shareholder Report — July 31, 2024
This Annual shareholder report contains important information about the Utilities UltraSector ProFund Service Class (the "Fund") for the period of August 1, 2023 to July 31, 2024. You can find additional information about the Fund at www.profunds.com/shareholder-reports. You can also request this information by contacting us at 888-776-3637.
What were the Fund’s costs for the last year?
(based on a hypothetical $10,000 investment)
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
| Service Class | $295 | 2.80% |
How did the Fund perform last year?
Utilities UltraSector ProFund (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) of the daily performance of the S&P Utilities Select Sector Index (the “Index”). The Fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the Fund’s investment objective. For the year ended July 31, 2024, the Fund had an average daily statistical correlation of over 0.99 to one and one-half times the daily performance of the Index. For the same period, the Index had a total return of 12.36%and a volatility of 17.14%. The Index performance was driven by factors such as rising interest rates which muted the return of this typically interest-rate sensitive sector. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the reference assets to which the derivatives are linked, financing rates paid or earned, expenses, transaction costs, the volatility of the Fund’s Index, the impact of compounding, and other miscellaneous factors.
Cumulative performance: August 1, 2014 through July 31, 2024
Total Return Based on $10,000 Investment
| Fund $22,360 | S&P Total Market Index $32,489 | S&P Utilities Select Sector Index $24,841 | S&P 500® Index $34,403 |
|---|
| Jul 14 | $10,000 | $10,000 | $10,000 | $10,000 |
| Jul 15 | $11,049 | $11,116 | $11,050 | $11,121 |
| Jul 16 | $14,595 | $11,607 | $13,607 | $11,745 |
| Jul 17 | $15,359 | $13,481 | $14,387 | $13,629 |
| Jul 18 | $15,526 | $15,697 | $14,795 | $15,843 |
| Jul 19 | $18,351 | $16,781 | $17,240 | $17,108 |
| Jul 20 | $17,600 | $18,593 | $18,250 | $19,153 |
| Jul 21 | $20,024 | $25,831 | $20,446 | $26,134 |
| Jul 22 | $23,736 | $23,821 | $23,631 | $24,921 |
| Jul 23 | $20,149 | $26,827 | $22,108 | $28,165 |
| Jul 24 | $22,360 | $32,489 | $24,841 | $34,403 |
The chart above represents historical performance of a hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). Performance data quoted represents past performance and does not guarantee future results. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of fund shares.
| Net Assets | $37,612,019 |
| Number of Holdings* | 37 |
| Investment Advisory Fees | $83,110 |
| Portfolio Turnover | 35% |
* No. of Holdings excludes derivatives.
Average Annual Total Returns
| 1 Year | 5 years | 10 years |
|---|
| Fund NAV | 10.98% | 4.03% | 8.38% |
| S&P Total Market Index | 21.10 | 14.13 | 12.51 |
| S&P Utilities Select Sector Index | 12.36 | 7.58 | 9.53 |
S&P 500® Index | 22.15 | 15.00 | 13.15 |
Market Exposure Footnote Reference
| Investment Type | % of Net Assets |
|---|
| Equity Securities | 75% |
| Swap Agreements | 75% |
| Total | 150% |
| Footnote | Description |
Footnote | "Market Exposure” includes the value of total investments (including the contract value of any derivatives) and excludes any instruments used for cash management. |
S&P Utilities Select Sector Index – Composition
| Electric Utilities | 65% |
| Multi-Utilities | 27% |
| Independent Power and Renewable Electricity Producers | 3% |
| Water Utilities | 3% |
| Gas Utilities | 2% |
| Company | % of Net Assets |
|---|
| NextEra Energy, Inc. | 10.6% |
| The Southern Co. | 6.2% |
| Duke Energy Corp. | 5.7% |
| Constellation Energy Corp. | 4.0% |
| American Electric Power Co., Inc. | 3.5% |
The Fund has evaluated the need for additional disclosures through the date this report was issued. Based on this evaluation, there are no additional disclosures that would have a material impact on the Fund's financial statements.
Changes In Or Disagreements With Accountants
During the fiscal year ended July 31, 2024, there were no changes in the Fund's Independent Registered Public Accounting Firm.
"Standard & Poor's®", "S&P®", "S&P 500®" and "S&P Utilities Select Sector Index" are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by ProFunds. This Fund is not sponsored, licensed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in ProFunds.
Utilities UltraSector ProFund
Annual Shareholder Report — July 31, 2024
Additional information about the Fund including the Financial Statements, Prospectus and Statement of Additional Information is available: On the Fund's website, https://www.profunds.com/shareholder-reports, or upon request, by calling 888-776-3637.
(b) Include a copy of each notice transmitted to stockholders in reliance on Rule 30e-3 under the Act (17 CFR 270.30e-3) that contains disclosures specified by paragraph (c)(3) of that rule.
Not applicable.
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 19(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: |
| |
| | 2023 $808,310 |
| | 2024 $832,600 |
| |
| | 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: |
| |
| | 2023 $0 |
| | 2024 $0 |
| |
| (c) | Tax Fees: |
| |
| | 2023 $352,861 |
| | 2024 $358,050 |
| |
| | 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: |
| |
| | 2023 $0 |
| | 2024 $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) | 2023 $352,861 |
| | 2024 $358,050 |
| |
| | 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. Investments.
| (a) | The Schedule of Investments in Securities of unaffiliated issuers is included as part of the Financial Statements filed under Item 7(a) of this Form |
| |
| (b) | Not applicable. |
Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.
(a)
Annual Financial
Statements and
Other Information
JULY 31, 2024
| | | Investor | |
Bitcoin ProFund | | BTCFX | |
Short Bitcoin ProFund | | BITIX | |
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Consolidated Schedules of Portfolio Investments
2 :: Bitcoin ProFund† :: Consolidated Schedule of Portfolio Investments :: July 31, 2024
U.S. Treasury Obligation (63.4%)
| | | Principal
Amount | | Value | |
U.S. Treasury Bills, 4.59%+, 8/8/24^ | | $ | 160,000,000 | | | $ | 159,836,846 | | |
TOTAL U.S. TREASURY OBLIGATION
(Cost $159,837,290) | | | | | 159,836,846 | | |
Repurchase Agreement (48.5%)
Repurchase Agreement with
UMB Bank, N.A., 5.00%, dated
7/31/24, due 8/1/24, total to be
received $122,273,853 (Collateralized
by U.S. Treasury Notes, 0.375% to
4.25%, due 4/30/25 to 1/31/26,
which had an aggregate value of
$124,702,028) | | | 122,256,873 | | | | 122,256,873 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $122,256,873) | | | | | 122,256,873 | | |
TOTAL INVESTMENT SECURITIES
(Cost $282,094,163)—111.9% | | | | | 282,093,719 | | |
Reverse Repurchase Agreements
including accrued interest—(39.6)% | | | | | (99,912,068 | ) | |
Net other assets (liabilities)—27.7% | | | | | 69,857,257 | | |
NET ASSETS—100.0% | | | | $ | 252,038,908 | | |
† As described in Note 8, effective September 27, 2024, this ProFund's name changed. This ProFund has been presented throughout these Consolidated Financial Statements using its new name.
+ Reflects the effective yield or interest rate in effect at July 31, 2024.
^ $99,897,000 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 | | | 767 | | | 9/3/24 | | $ | 251,901,975 | | | $ | (7,519,257 | ) | |
See accompanying notes to the consolidated financial statements.
July 31, 2024 :: Consolidated Schedule of Portfolio Investments :: Short Bitcoin ProFund† :: 3
U.S. Treasury Obligation (58.0%)
| | | Principal
Amount | | Value | |
U.S. Treasury Bills, 4.59%+, 8/8/24^ | | $ | 175,000 | | | $ | 174,822 | | |
TOTAL U.S. TREASURY OBLIGATION
(Cost $174,822) | | | | | 174,822 | | |
Repurchase Agreement (66.1%)
Repurchase Agreement with UMB Bank,
N.A., 5.00%, dated 7/31/24, due 8/1/24,
total to be received $199,210
(Collateralized by U.S. Treasury Notes,
4.00%, due 2/29/28, total value $203,175) | | | 199,182 | | | | 199,182 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $199,182) | | | | | 199,182 | | |
TOTAL INVESTMENT SECURITIES
(Cost $374,004)—124.1% | | | | | 374,004 | | |
Reverse Repurchase Agreements
including accrued interest—(58.0)% | | | | | (174,846 | ) | |
Net other assets (liabilities)—33.9% | | | | | 102,192 | | |
NET ASSETS—100.0% | | | | $ | 301,350 | | |
† As described in Note 8, effective September 27, 2024, this ProFund's name changed. This ProFund has been presented throughout these Consolidated Financial Statements using its new name.
+ Reflects the effective yield or interest rate in effect at July 31, 2024.
^ $174,820 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 Micro Bitcoin Futures Contracts | | | 45 | | | 9/3/24 | | $ | (295,583 | ) | | $ | (290 | ) | |
See accompanying notes to the consolidated financial statements.
This Page Intentionally Left Blank
Consolidated Statements of
Assets and Liabilities
6 :: Consolidated Statements of Assets and Liabilities :: July 31, 2024
| | | Bitcoin
ProFund† | | Short Bitcoin
ProFund† | |
ASSETS: | |
Total Investment Securities, at cost | | $ | 282,094,163 | | | $ | 374,004 | | |
Securities, at value | | | 159,836,846 | | | | 174,822 | | |
Repurchase agreements, at value | | | 122,256,873 | | | | 199,182 | | |
Total Investment Securities, at value | | | 282,093,719 | | | | 374,004 | | |
Cash | | | 4,988,085 | | | | 12,664 | | |
Segregated cash balances for futures contracts with brokers | | | 67,613,921 | | | | 77,150 | | |
Interest receivable | | | 22,896 | | | | 28 | | |
Receivable for capital shares issued | | | 1,445,971 | | | | 150 | | |
Due from Advisor under an expense limitation agreement | | | — | | | | 4,911 | | |
Variation margin on futures contracts | | | — | | | | 3,079 | | |
Prepaid expenses | | | 37,511 | | | | 11,553 | | |
TOTAL ASSETS | | | 356,202,103 | | | | 483,539 | | |
LIABILITIES: | |
Reverse repurchase agreements, including accrued interest | | | 99,912,068 | | | | 174,846 | | |
Payable to broker for futures transactions | | | 38,562 | | | | 187 | | |
Payable for capital shares redeemed | | | 1,247,361 | | | | 500 | | |
Variation margin on futures contracts | | | 2,684,500 | | | | — | | |
Advisory fees payable | | | 65,725 | | | | — | | |
Management services fees payable | | | 21,909 | | | | — | | |
Administration fees payable | | | 14,573 | | | | 74 | | |
Transfer agency fees payable | | | 11,937 | | | | 137 | | |
Fund accounting fees payable | | | 9,312 | | | | 1,291 | | |
Compliance services fees payable | | | 549 | | | | 2 | | |
Service fees payable | | | 872 | | | | 4 | | |
Other accrued expenses | | | 155,827 | | | | 5,148 | | |
TOTAL LIABILITIES | | | 104,163,195 | | | | 182,189 | | |
Commitments and contingencies (Note 4) | |
NET ASSETS | | $ | 252,038,908 | | | $ | 301,350 | | |
NET ASSETS CONSIST OF: | |
Capital | | $ | 210,839,092 | | | $ | 593,426 | | |
Total distributable earnings (loss) | | | 41,199,816 | | | | (292,076 | ) | |
NET ASSETS | | $ | 252,038,908 | | | $ | 301,350 | | |
NET ASSETS: | |
Investor Class | | $ | 252,038,908 | | | $ | 301,350 | | |
SHARES OF BENEFICIAL INTEREST OUTSTANDING
(unlimited number of shares authorized,
no par value): | |
Investor Class | | | 10,161,380 | | | | 65,470 | | |
NET ASSET VALUE
(offering and redemption price per share): | |
Investor Class | | $ | 24.80 | | | $ | 4.60 | | |
† As described in Note 8, effective September 27, 2024, this ProFund's name changed. This ProFund has been presented throughout these consolidated financial statements using its new name.
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the consolidated financial statements.
Consolidated Statements of
Operations
8 :: Consolidated Statements of Operations :: For the Periods Indicated
| | | Bitcoin
ProFund† | | Short Bitcoin
ProFund† | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | |
INVESTMENT INCOME: | |
Interest | | $ | 6,148,521 | | | $ | 25,732 | | |
TOTAL INVESTMENT INCOME | | | 6,148,521 | | | | 25,732 | | |
EXPENSES: | |
Advisory fees | | | 652,952 | | | | 3,139 | | |
Management services fees | | | 217,652 | | | | 1,046 | | |
Administration fees | | | 113,575 | | | | 553 | | |
Transfer agency fees | | | 53,602 | | | | 651 | | |
Administrative services fees | | | 341,215 | | | | 990 | | |
Registration and filing fees | | | 45,535 | | | | 21,804 | | |
Custody fees | | | 77,320 | | | | 4,405 | | |
Fund accounting fees | | | 77,555 | | | | 15,425 | | |
Trustee fees | | | 1,450 | | | | 8 | | |
Compliance services fees | | | 750 | | | | 2 | | |
Service fees | | | 7,651 | | | | 39 | | |
Interest expense | | | 85,876 | | | | 388 | | |
Futures commission merchant (FCM) fees | | | — | | | | 138 | | |
Other fees | | | 155,327 | | | | 193 | | |
Total Gross Expenses before reductions | | | 1,830,460 | | | | 48,781 | | |
Expenses reduced and reimbursed by the Advisor | | | (116,278 | ) | | | (39,470 | )(a) | |
Fees paid indirectly | | | (32,201 | ) | | | (1,176 | ) | |
TOTAL NET EXPENSES | | | 1,681,981 | | | | 8,135 | | |
NET INVESTMENT INCOME (LOSS) | | | 4,466,540 | | | | 17,597 | | |
REALIZED AND UNREALIZED GAINS (LOSSES)
ON INVESTMENTS: | |
Net realized gains (losses) on investment securities | | | (1,577 | ) | | | (9 | ) | |
Net realized gains (losses) on futures contracts | | | 74,125,376 | | | | (356,180 | ) | |
Change in net unrealized appreciation/depreciation on
investment securities | | | 2,194 | | | | 21 | | |
Change in net unrealized appreciation/depreciation on
futures contracts | | | (6,080,161 | ) | | | (1,919 | ) | |
NET REALIZED AND UNREALIZED GAINS
(LOSSES) ON INVESTMENTS | | | 68,045,832 | | | | (358,087 | ) | |
CHANGE IN NET ASSETS RESULTING
FROM OPERATIONS | | $ | 72,512,372 | | | $ | (340,490 | ) | |
† As described in Note 8, effective September 27, 2024, this ProFund's name changed. This ProFund has been presented throughout these consolidated financial statements using its new name.
(a) Amount includes $29,158 of contractual expense reductions and an additional $10,312 of voluntary expense reductions.
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the consolidated financial statements.
Consolidated Statements of
Changes in Net Assets
10 :: Consolidated Statements of Changes in Net Assets :: For the Periods Indicated
| | | Bitcoin ProFund† | | Short Bitcoin ProFund† | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 4,466,540 | | | $ | 147,950 | | | $ | 17,597 | | | $ | (508 | ) | |
Net realized gains (losses) on investments | | | 74,123,799 | | | | 9,392,913 | | | | (356,189 | ) | | | (280,629 | ) | |
Change in net unrealized appreciation/depreciation
on investments | | | (6,077,967 | ) | | | (3,174,180 | ) | | | (1,898 | ) | | | 2,745 | | |
Change in net assets resulting from operations | | | 72,512,372 | | | | 6,366,683 | | | | (340,490 | ) | | | (278,392 | ) | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (34,632,997 | ) | | | (5,177,130 | ) | | | (1,707 | ) | | | — | | |
Change in net assets resulting from distributions | | | (34,632,997 | ) | | | (5,177,130 | ) | | | (1,707 | ) | | | — | | |
Change in net assets resulting from capital transactions | | | 158,991,232 | | | | 30,431,043 | | | | (218,647 | ) | | | 735,177 | | |
Change in net assets | | | 196,870,607 | | | | 31,620,596 | | | | (560,844 | ) | | | 456,785 | | |
NET ASSETS: | |
Beginning of period | | | 55,168,301 | | | | 23,547,705 | | | | 862,194 | | | | 405,409 | | |
End of period | | $ | 252,038,908 | | | $ | 55,168,301 | | | $ | 301,350 | | | $ | 862,194 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 335,135,730 | | | $ | 85,049,343 | | | $ | 20,997,535 | | | $ | 13,846,028 | | |
Distributions reinvested | | | 34,540,048 | | | | 5,134,918 | | | | 1,707 | | | | — | | |
Value of shares redeemed | | | (210,684,546 | ) | | | (59,753,218 | ) | | | (21,217,889 | ) | | | (13,110,851 | ) | |
Change in net assets resulting from capital transactions | | $ | 158,991,232 | | | $ | 30,431,043 | | | $ | (218,647 | ) | | $ | 735,177 | | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 14,281,923 | | | | 6,201,731 | | | | 3,379,896 | | | | 798,103 | | |
Reinvested | | | 1,371,525 | | | | 337,455 | | | | 217 | | | | — | | |
Redeemed | | | (9,249,824 | ) | | | (4,464,986 | ) | | | (3,386,253 | ) | | | (746,122 | ) | |
Change in shares | | | 6,403,624 | | | | 2,074,200 | | | | (6,140 | ) | | | 51,981 | | |
† As described in Note 8, effective September 27, 2024, this ProFund's name changed. This ProFund has been presented throughout these consolidated financial statements using its new name.
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the consolidated financial statements.
Consolidated Statements of
Cash Flows
12 :: Consolidated Statements of Cash Flows :: For the Periods Indicated
| | | Bitcoin
ProFund† | | Short Bitcoin
ProFund† | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | |
Cash Flows from Operating Activities: | |
Change in net assets resulting from operations | | $ | 72,512,372 | | | $ | (340,490 | ) | |
Less: Net realized gains (losses) on investment securities | | | 1,577 | | | | 9 | | |
Less: Change in net unrealized appreciation/depreciation on investment securities | | | (2,194 | ) | | | (21 | ) | |
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 | | | (246,541,556 | ) | | | (21,620 | ) | |
Amortization (accretion) of premiums and discounts, net | | | (1,630,881 | ) | | | (3,189 | ) | |
(Increase) decrease in: | |
Due from Advisor under an expense limitation agreement | | | — | | | | (4,911 | ) | |
Interest receivable | | | (22,896 | ) | | | (28 | ) | |
Variation margin receivable on futures contracts | | | — | | | | 4,071 | | |
Prepaid expenses | | | (18,138 | ) | | | 59 | | |
Increase (decrease) in: | |
Interest payable (on reverse repurchase agreements) | | | 9,980 | | | | (26 | ) | |
Futures commission merchant (FCM) fees payable | | | (5,979 | ) | | | (52 | ) | |
Payable to broker for futures transactions | | | 38,562 | | | | 187 | | |
Variation margin payable on futures contracts | | | 2,221,050 | | | | — | | |
Advisor fees payable | | | 47,879 | | | | (2,036 | ) | |
Management fees payable | | | 15,961 | | | | (679 | ) | |
Administration fees payable | | | 10,421 | | | | 39 | | |
Transfer agency fees payable | | | 8,328 | | | | 17 | | |
Fund accounting fees payable | | | 5,712 | | | | 21 | | |
Compliance services fees payable | | | 336 | | | | (2 | ) | |
Service fees payable | | | 529 | | | | 1 | | |
Other accrued expenses | | | 114,807 | | | | (7,271 | ) | |
Net cash provided by (used in) operating activities | | $ | (173,234,130 | ) | | $ | (375,921 | ) | |
Cash Flows from Financing Activities: | |
Proceeds from reverse repurchase agreements | | | 563,306,820 | | | | 2,546,620 | | |
(Repayments of) reverse repurchase agreements | | | (497,329,920 | ) | | | (2,720,977 | ) | |
Proceeds from capital shares issued | | | 333,874,170 | | | | 21,004,287 | | |
Cash paid for capital shares redeemed | | | (209,466,584 | ) | | | (21,217,389 | ) | |
Cash distributions paid to shareholders | | | (92,949 | ) | | | — | | |
Net cash provided by (used in) financing activities | | $ | 190,291,537 | | | $ | (387,459 | ) | |
Net Increase (Decrease) in Cash and Segregated Cash Balances for Futures Contracts
with Brokers | | | 17,057,407 | | | | (763,380 | ) | |
Cash and segregated cash balances for futures contracts with brokers at the beginning of period | | | 55,544,599 | | | | 853,194 | | |
Cash and segregated cash balances for futures contracts with brokers at the end of period | | $ | 72,602,006 | | | $ | 89,814 | | |
The following table provides a reconciliation of cash and segregated cash balances for futures contracts
with brokers to the consolidated statements of assets and liabilities: | |
Cash | | | 4,988,085 | | | | 12,664 | | |
Segregated cash balances for futures contracts with brokers | | | 67,613,921 | | | | 77,150 | | |
Total cash and segregated cash balances for futures contracts with brokers | | $ | 72,602,006 | | | $ | 89,814 | | |
Supplemental Disclosure of Cash Flow Information | |
Cash paid for interest (excluding costs) | | $ | 75,896 | | | $ | 414 | | |
Non-cash financing activities not included herein consists of reinvestments of distributions | | | 34,540,048 | | | | 1,707 | | |
† As described in Note 8, effective September 27, 2024, this ProFund's name changed. This ProFund has been presented throughout these consolidated financial statements using its new name.
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the consolidated financial statements.
Consolidated Financial Highlights
14 :: 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 | | 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 | | Net
Asset
Value,
End of
Period | |
Bitcoin ProFund† | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 14.68 | | | | 0.71 | | | | 13.99 | | | | 14.70 | | | | (4.58 | ) | | | (4.58 | ) | | $ | 24.80 | | |
Year Ended July 31, 2023 | | $ | 13.99 | | | | 0.06 | | | | 2.46 | | | | 2.52 | | | | (1.83 | ) | | | (1.83 | ) | | $ | 14.68 | | |
Year Ended July 31, 2022 | | $ | 24.70 | | | | (0.27 | ) | | | (10.44 | ) | | | (10.71 | ) | | | — | | | | — | | | $ | 13.99 | | |
July 28, 2021 through
July 31, 2021(g) | | $ | 25.00 | | | | — | (h) | | | (0.30 | ) | | | (0.30 | ) | | | — | | | | — | | | $ | 24.70 | | |
Short Bitcoin ProFund† | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 12.04 | | | | 0.15 | | | | (7.54 | ) | | | (7.39 | ) | | | (0.05 | ) | | | (0.05 | ) | | $ | 4.60 | | |
Year Ended July 31, 2023 | | $ | 20.65 | | | | (0.02 | ) | | | (8.59 | ) | | | (8.61 | ) | | | — | | | | — | | | $ | 12.04 | | |
June 21, 2022 through
July 31, 2022(g) | | $ | 25.00 | | | | (0.04 | ) | | | (4.31 | ) | | | (4.35 | ) | | | — | | | | — | | | $ | 20.65 | | |
| |
| | Ratios to
Average Net Assets | | Supplemental
Data | |
| | | Total
Return(b) | | Gross
Expenses(c)(d) | | Net
Expenses(c)(d) | | Net
Investment
Income
(Loss)(c) | | Net
Assets,
End of
Period
(000's) | | Portfolio
Turnover
Rate(e) | |
Bitcoin ProFund† | |
Investor Class | |
Year Ended July 31, 2024 | | | 103.21 | % | | | 1.26 | % | | | 1.16 | %(f) | | | 3.08 | % | | $ | 252,039 | | | | — | | |
Year Ended July 31, 2023 | | | 18.23 | % | | | 1.61 | % | | | 1.35 | %(f) | | | 0.46 | % | | $ | 55,168 | | | | — | | |
Year Ended July 31, 2022 | | | (43.36 | )% | | | 1.93 | % | | | 1.25 | %(f) | | | (1.17 | )% | | $ | 23,548 | | | | — | | |
July 28, 2021 through
July 31, 2021(g) | | | (1.20 | )% | | | 24.80 | % | | | 1.30 | %(f) | | | (1.28 | )% | | $ | 524 | | | | — | | |
Short Bitcoin ProFund† | |
Investor Class | |
Year Ended July 31, 2024 | | | (61.53 | )% | | | 7.01 | % | | | 1.17 | %(i)(j) | | | 2.53 | % | | $ | 301 | | | | — | | |
Year Ended July 31, 2023 | | | (41.69 | )% | | | 13.36 | % | | | 1.35 | %(i)(j) | | | (0.10 | )% | | $ | 862 | | | | — | | |
June 21, 2022 through
July 31, 2022(g) | | | (17.40 | )% | | | 17.68 | % | | | 1.88 | %(i)(k) | | | (1.39 | )% | | $ | 405 | | | | — | | |
† As described in Note 8, effective September 27, 2024, this ProFund's name changed. This ProFund has been presented throughout these consolidated financial statements using its new name.
(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) The expense ratios reflect all interest expense and other costs related to reverse repurchase agreements and trading of Bitcoin futures contracts.
(e) Portfolio turnover rate is calculated without regard to instruments having a maturity of less than one year from acquisition or derivative instruments (including futures contracts).
(f) Excluding interest expense and other costs related to reverse repurchase agreements and trading of Bitcoin futures contracts, the net expense ratio would have been 1.10%, 1.04%, 0.84% and 0.84% for the years ended July 31, 2024, July 31, 2023, July 31, 2022, and the period ended July 31, 2021, respectively.
(g) Period from commencement of operations.
(h) Amount is less than $0.005.
(i) Excluding interest expense and other costs related to reverse repurchase agreements and trading of Bitcoin futures contracts, the net expense ratio would have been 1.09%, 1.06% and 1.26% for the years ended July 31, 2024, July 31, 2023 and the period ended July 31, 2022, respectively.
(j) For the period August 1, 2023 through November 30, 2023, and for the year ended July 31, 2023, the Advisor voluntarily waived fees and expenses to limit the expense ratio, including interest expense and other costs related to reverse repurchase agreements and trading of Bitcoin futures contracts, to 1.35%.
(k) 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 consolidated financial statements.
Notes to Consolidated Financial Statements
16 :: Notes to Consolidated Financial Statements :: July 31, 2024
1. Organization
ProFunds (the "Trust") consists of 116 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 consolidated financial statements ("financial statements") relate to the following portfolios of the Trust included in this report (collectively, the "ProFunds" and individually, a "ProFund"):
Digital Assets ProFunds:
Bitcoin ProFund† (formerly Bitcoin Strategy ProFund) | |
Short Bitcoin ProFund† (formerly Short Bitcoin Strategy ProFund) | |
† On July 18, 2024 the Board of Trustees (the "Board") approved a change to each ProFund's name, as indicated above, effective September 27, 2024, and as further detailed in Note 8. Each ProFund has been presented using its new name throughout this report, including the Consolidated Schedules of Portfolio Investments, the Consolidated Financial Statements, these Consolidated Notes to Financial Statements, and any accompanying supplemental data, and have been annotated throughout with a " † " symbol.
Each ProFund's investment objective is disclosed in its prospectus. Each ProFund is classified as non-diversified under the 1940 Act and has one class of shares: an Investor Class.
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 ProFund† and
Short Bitcoin ProFund† include the accounts of the ProFunds Bitcoin Strategy Portfolio and ProFunds Cayman Short Bitcoin Strategy Portfolio, respectively (each a "Subsidiary") Each Subsidiary is a wholly-owned subsidiary of the Bitcoin ProFund† and Short Bitcoin 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, 2024, the net assets of ProFund Bitcoin Strategy Portfolio were 19.9% of the adjusted net assets of Bitcoin ProFund† and the net assets of ProFunds Cayman Short Bitcoin Strategy Portfolio were 19.3% of the adjusted net assets of Short Bitcoin 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 ProFund† and Short Bitcoin ProFund†, respectively, except that each Subsidiary may invest without limitation in Bitcoin-related instruments.
Investment in a Subsidiary
The Bitcoin ProFund† and Short Bitcoin ProFund† intend to achieve commodity exposure through investment in their respective Subsidiary. The Bitcoin ProFund† and Short Bitcoin 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.
July 31, 2024 :: Notes to Consolidated Financial Statements :: 17
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.
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. 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 on a ProFund's Consolidated Schedule of Portfolio Investments.
Reverse Repurchase Agreements
The Bitcoin ProFund† and Short Bitcoin 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.
As of July 31, 2024, the ProFunds' outstanding balances on reverse repurchase agreements were as follows:
| | | Counterparty | | Interest Rate | | Principal
Amount | | Maturity | | Value | | Value &
Accrued
Interest | |
Bitcoin ProFund† | | UMB Bank N.A. | | | 5.43 | % | | $ | (99,897,000 | ) | | 8/1/2024 | | $ | (99,897,000 | ) | | $ | (99,912,068 | ) | |
Short Bitcoin ProFund† | | UMB Bank N.A. | | | 5.43 | % | | | (174,820 | ) | | 8/1/2024 | | | (174,820 | ) | | | (174,846 | ) | |
For the year ended July 31, 2024, the average daily balance outstanding and average interest rate on the ProFunds' reverse repurchase agreements were as follows:
Bitcoin ProFund† | |
Average daily balance outstanding | | $ | (62,589,647 | ) | |
Average interest rate | | | 5.45 | % | |
Short Bitcoin ProFund† | |
Average daily balance outstanding | | $ | (282,958 | ) | |
Average interest rate | | | 5.45 | % | |
18 :: Notes to Consolidated Financial Statements :: July 31, 2024
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(1) | | Collateral
Pledged to
Counterparty | |
Bitcoin ProFund† | | UMB Bank N.A. | | $ | (99,912,068 | ) | | $ | 99,897,000 | | |
Short Bitcoin ProFund† | | UMB Bank N.A. | | | (174,846 | ) | | | 174,820 | | |
(1) Represents gross value and accrued interest for the counterparty as reported in the preceding table.
Derivative Instruments
In seeking to achieve Short Bitcoin 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. The Short Bitcoin ProFund† may obtain investment exposure through derivative instruments, such as futures contracts, that the ProFund should hold to approximate the inverse (-1x) of the daily performance of its benchmark. All derivative instruments held during the year ended July 31, 2024, were utilized to gain inverse exposure to the ProFund's benchmark (e.g., index, etc.) to meet its investment objective. The Short Bitcoin ProFund† does not seek to achieve its investment objective over a period of time greater than a single day.
Bitcoin ProFund† is actively managed, in that the Advisor selects investments and makes investment decisions that it believes are suited to achieving the Bitcoin ProFund's† investment objective. Accordingly, the Bitcoin ProFund† may also obtain investment exposure through derivative instruments, such as futures contracts.
All open derivative positions at year end are reflected on each respective ProFund's Consolidated 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.
The 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, 2024. The notional amount of open derivative positions relative to each ProFund's net assets at year end is generally representative of the notional amount of open positions to net assets throughout the year.
In connection with its management of both series of the Trust included in this report (Bitcoin ProFund† and Short Bitcoin 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.
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.
July 31, 2024 :: Notes to Consolidated Financial Statements :: 19
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 (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.
Summary of Derivative Instruments
The following table summarizes the fair values of derivative instruments on the ProFund's Consolidated Statement of Assets and Liabilities, categorized by risk exposure, as of July 31, 2024.
| | | Assets | | Liabilities | |
Fund | | Variation Margin on
Futures Contracts* | | Variation Margin on
Futures Contracts* | |
Commodity Risk Exposure: | |
Bitcoin ProFund† | | $ | — | | | $ | 7,519,257 | | |
Short Bitcoin ProFund† | | | — | | | | 290 | | |
* Includes cumulative appreciation/depreciation of futures contracts as reported in the Consolidated Schedules of Portfolio Investments. Only current day's variation margin is reported within the Consolidated Statements of Assets and Liabilities.
The following table presents the effect of derivative instruments on the ProFund's Consolidated Statement of Operations, categorized by risk exposure, for the year ended July 31, 2024.
Fund | | Net Realized Gains (Losses)
on Futures Contracts
as a Result from Operations | | Change in Net Unrealized Appreciation/
Depreciation on Futures Contracts
Recognized as a Result from Operations | |
Commodity Risk Exposure: | |
Bitcoin ProFund† | | $ | 74,125,376 | | | $ | (6,080,161 | ) | |
Short Bitcoin ProFund† | | | (356,180 | ) | | | (1,919 | ) | |
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.
20 :: Notes to Consolidated Financial Statements :: July 31, 2024
Distributions to Shareholders
Bitcoin ProFund† and Short Bitcoin ProFund† intend to declare and distribute net investment income at least monthly, 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 and mark-to-market on derivative instruments) 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 Regulated Investment Company ("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. Bitcoin ProFund† and Short Bitcoin ProFund† have an October 31st tax year end.
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 Consolidated Statement of Operations, as applicable, as "Fees paid indirectly."
3. Investment Valuation Summary
Pursuant to Rule 2a-5 (the "Rule"), the Trust's Board of Trustees designated the Advisor the "Valuation Designee" as contemplated by the Rule. The Valuation Designee is responsible for assessing and managing valuation risks, administering the pricing and valuation guidelines approved by the Board of Trustees, and overseeing pricing services utilized in valuing the Trust's security
holdings, among other responsibilities outlined in the Rule. 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 the pricing and valuation guidelines. 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, as described below.
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 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
July 31, 2024 :: Notes to Consolidated Financial Statements :: 21
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 above.
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. If there was no sale on that day, fair valuation procedures as described above may be applied.
For the year ended July 31, 2024, 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, 2024, 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 Consolidated 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^ | |
Bitcoin ProFund† | |
U.S. Treasury Obligation | | $ | — | | | $ | — | | | $ | 159,836,846 | | | $ | — | | | $ | 159,836,846 | | | $ | — | | |
Repurchase Agreement | | | — | | | | — | | | | 122,256,873 | | | | — | | | | 122,256,873 | | | | — | | |
Futures Contracts | | | — | | | | (7,519,257 | ) | | | — | | | | — | | | | — | | | | (7,519,257 | ) | |
Total | | $ | — | | | $ | (7,519,257 | ) | | $ | 282,093,719 | | | $ | — | | | $ | 282,093,719 | | | $ | (7,519,257 | ) | |
Short Bitcoin ProFund† | |
U.S. Treasury Obligation | | $ | — | | | $ | — | | | $ | 174,822 | | | $ | — | | | $ | 174,822 | | | $ | — | | |
Repurchase Agreement | | | — | | | | — | | | | 199,182 | | | | — | | | | 199,182 | | | | — | | |
Futures Contracts | | | — | | | | (290 | ) | | | — | | | | — | | | | — | | | | (290 | ) | |
Total | | $ | — | | | $ | (290 | ) | | $ | 374,004 | | | $ | — | | | $ | 374,004 | | | $ | (290 | ) | |
^ Other financial instruments include any derivative instruments not reflected in the Consolidated Schedule of Portfolio Investments as Investment Securities, such as futures contracts. These instruments are generally recorded in the financial statements at the unrealized appreciation/(depreciation) on the investment.
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 Bitcoin ProFund† and Short Bitcoin ProFund† each pay the advisor a fee at an annualized rate of 0.45% of their average daily net assets.
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 ProFund's net assets in excess of $2 billion. During the year ended July 31, 2024, 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 pays 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.
22 :: Notes to Consolidated Financial Statements :: July 31, 2024
ProFunds Distributors, Inc. (the "Distributor"), a wholly owned subsidiary of the Advisor, serves as the Trust's distributor. Under a Distribution Plan, adopted by the Board of Trustees pursuant to Rule 12b-1 under the 1940 Act, the Bitcoin ProFund† and Short Bitcoin 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, 2024, no payments were made under this plan by either ProFund.
The Advisor, pursuant to a separate Management Services Agreement, performs certain client support services and other 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 Consolidated 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 Consolidated 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 Trustee compensation for their services at an annual rate of $325,000, inclusive of all meetings. During the year ended July 31, 2024, 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 Consolidated 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, Futures Commission Merchant fees, taxes, dividends (including dividend expenses on securities sold short), litigation, indemnification, and extraordinary expenses) as shown in the table below. Amounts due from the Advisor under an expense limitation agreement are settled following each month end.
| | | For the Period December 1, 2023
through November 30, 2024 | | For the Period December 1, 2022
through November 30, 2023 | |
Bitcoin ProFund† | | | 1.10 | % | | | 1.10 | % | |
Short Bitcoin ProFund† | | | 1.10 | % | | | No contractual limitation | | |
Amounts waived under the contractual expense limitation agreement are allocated proportionally as waivers of advisory and management services fees, to the extent of these fees as reflected on the Consolidated Statements of Operations. During the year, the allocation of expenses reduced and reimbursed by the Advisor between advisory and management services fees, and if necessary, reimbursement of other expenses was as follows:
| | Expenses
reduced and
reimbursed by
the Advisor | | Waivers of
advisory fees | | Waivers of
management
services fees | | Reimbursements of
other expenses | |
Bitcoin ProFund† | | $ | (116,278 | ) | | $ | (87,208 | ) | | $ | (29,070 | ) | | $ | — | | |
Short Bitcoin ProFund† | | | (39,470 | ) | | | (3,139 | ) | | | (1,046 | ) | | | (35,285 | ) | |
The Advisor may recoup the advisory and management services fees contractually waived or limited and other expenses reimbursed by it within three years from 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 year are reflected on the Consolidated Statement of Operations as "Recoupment of prior expenses reduced by the Advisor." As of July 31, 2024, the recoupments that may potentially be made by the ProFunds are as shown in the table below. As of July 31, 2024, no commitment or contingent liability is expected.
| | | Expires
11/30/24 | | Expires
11/30/25 | | Expires
11/30/26 | | Expires
11/30/27 | | Total | |
Bitcoin ProFund† | | $ | 37,042 | | | $ | 187,791 | | | $ | 64,595 | | | $ | 89,273 | | | $ | 378,701 | | |
Short Bitcoin ProFund† | | | — | | | | — | | | | — | | | | 29,158 | | | | 29,158 | | |
Prior to December 1, 2023, the Advisor had voluntarily agreed to waive advisory and management services fees, and reimburse certain other expenses of the Short Bitcoin ProFund†, as consolidated with its Subsidiary, inclusive of interest expense on reverse repurchase agreements and Futures Commission Merchant
fees, (but exclusive of brokerage costs, 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 1.35%. Amounts waived voluntarily are not subject to recoupment
July 31, 2024 :: Notes to Consolidated Financial Statements :: 23
at a future date. This voluntary waiver was discontinued on December 1, 2023 and replaced by the contractual expense limitation detailed above.
5. Securities Transactions
The Bitcoin ProFund† and Short Bitcoin ProFund† generally invest in U.S. Government securities maturing less than one year from acquisition.
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
The ProFunds will obtain exposure to Bitcoin through derivatives (i.e., Bitcoin futures contracts). Investing in derivatives may be considered aggressive and may expose the ProFunds to risks different from, or possibly greater than, the risks associated with investing directly in the reference asset(s) underlying the derivative. The use of derivatives may result in larger losses or smaller gains than directly investing in securities. The risks of using derivatives include: 1) the risk that there may be imperfect correlation between the price of the financial instruments and movements in the prices of the reference asset(s); 2) the risk that an instrument is mispriced; 3) credit or counterparty risk on the amount a ProFund expects to receive from a counterparty; 4) the risk that securities prices, interest rates and currency markets will move adversely and the ProFund will incur significant losses; 5) the risk that the cost of holding a financial instrument might exceed its total return; and 6) the possible absence of a liquid secondary market for a particular instrument and possible exchange imposed price fluctuation limits, either of which may make it difficult or impossible to adjust each ProFund's position in a particular instrument when desired. Each of these factors may prevent the ProFunds from achieving their respective investment objectives and may increase the volatility (i.e., fluctuations) of each ProFund's returns. Because derivatives often require limited initial investment, the use of derivatives also may expose the ProFunds to losses in excess of those amounts initially invested.
Bitcoin Risk
The Bitcoin ProFund† and Short Bitcoin ProFund† do not invest directly in Bitcoin. The ProFunds invest primarily in Bitcoin futures contracts.
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 ProFunds.
Holding Period Risk
The Short Bitcoin ProFund† is a "geared" fund ("Geared Fund") in the sense that the ProFund has an investment objective to match the inverse of the daily performance of a benchmark. A Geared Fund does not seek to achieve the stated inverse of the daily performance of its underlying benchmark (the "Daily Target") for any period other than a day. The performance of a Geared Fund over periods other than a day may be higher or lower than the Daily Target, and this difference may be significant. Factors that contribute to returns that are worse than the Daily Target include smaller index gains or losses and higher index volatility, as well as longer holding periods when these factors apply. Factors that contribute to returns that are better than the Daily Target include larger index gains or losses and lower index volatility, as well as longer holding periods when these factors apply. The more extreme these factors are, and the more they occur together, the more returns will tend to deviate from the Daily Target.
Bitcoin Futures Risk
The market for Bitcoin futures may be less developed, and potentially less liquid and more volatile, than more established
24 :: Notes to Consolidated Financial Statements :: July 31, 2024
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 ProFunds may borrow for investment purposes using reverse repurchase agreements. Borrowing may cause the ProFunds to liquidate positions to under adverse market conditions to satisfy its repayment obligations. Borrowing increases the risk of loss and may increase the volatility of the ProFunds.
Correlation Risk
The Short Bitcoin ProFund† is subject to correlation risk. A number of factors may affect the ProFund's ability to achieve a high degree of inverse correlation with the Index, and there is no guarantee that the ProFund will achieve a high degree of inverse correlation. 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 inverse (-1x) of the percentage change of the Index on such day. In order to achieve a high degree of correlation with the Index, the 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 inverse correlation with the Index. Market disruptions or closures, regulatory restrictions, market volatility, illiquidity in the markets for the financial instruments in which the ProFunds invests, 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 inverse (-1x) exposure during the day or 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, particularly when the Index 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 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. The ProFund may not have investment exposure to all of the financial instruments in the Index, or its weighting of investment exposure to financial instruments may be different from that of the Index.
In addition, the ProFund may invest in financial instruments not included in the Index. The ProFund may take or refrain from taking positions in order to improve tax efficiency, comply with regulatory restrictions, or for other reasons, each of which may negatively affect the ProFund's correlation with the Index. The ProFund may also be subject to large movements of assets into and out of the ProFund, potentially resulting in the ProFund being under- or overexposed to the Index and may be impacted by Index reconstitutions and Index rebalancing events. Additionally, Bitcoin and Bitcoin futures contracts may trade on markets that may not be open at the same time or on the same day as the ProFund. In particular, Bitcoin trades 24 hours per day, seven days per week. These differences in trading hours may cause differences between the performance of the ProFund and the performance of the Index. Any of these factors could decrease correlation between the performance of the ProFund and the Index and may hinder the ProFund's ability to meet its daily investment objective.
Counterparty Risk
The ProFunds will be subject to credit risk (i.e., the risk that a counterparty is unwilling or unable to make timely payments or otherwise meet its contractual obligations) with respect to the amount a ProFund expects to receive from counterparties to financial instruments (including derivatives) entered into by the ProFund. The ProFunds generally structure the agreements such that either party can terminate the contract without penalty prior to the termination date. If a counterparty terminates a contract, a ProFund may not be able to invest in other derivatives to achieve the desired exposure, or achieving such exposure may be more expensive. A ProFund may be negatively impacted if a counterparty becomes bankrupt or otherwise fails to perform its obligations under such an agreement.
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 ProFund 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.
July 31, 2024 :: Notes to Consolidated Financial Statements :: 25
Inflation Risk
Inflation risk is the risk that the value of assets or income from a ProFund's investments will be worth less in the future as inflation decreases the value of payments at future dates. As inflation increases, the real value of a ProFund's portfolio could decline. Inflation rates may change frequently and drastically as a result of various factors and the ProFund's investments may not keep pace with inflation, which may result in losses to ProFund investors or adversely affect the real value of shareholders' investments in a ProFund. Inflation has recently increased and it cannot be predicted whether it may decline.
Subsidiary Investment Risk
Changes in the laws of the United States and/or the Cayman Islands, under which each ProFund and each Subsidiary are organized, respectively, could result in the inability of the ProFunds to operate as intended and could negatively affect the ProFunds and their shareholders. Each ProFund complies with the provisions of the 1940 Act governing investment policies, capital structure, and leverage on an aggregate basis with its respective Subsidiary.
Active Management Risk
Bitcoin ProFund† is actively managed. The performance of an actively managed fund reflects, in part, the ability of the Advisor to select investments and make investment decisions that are suited to achieving the ProFund's investment objective. The Advisor's judgements about the ProFund's investments may prove to be incorrect. If the investments selected and strategies employed by the Bitcoin ProFund† fails to produce the intended results, the ProFund could underperform or have negative returns as compared to other funds with similar investment objectives and/or strategies.
Short Sale Exposure Risk
The Short Bitcoin ProFund† seeks to obtain inverse or "short" exposure to Bitcoin futures contracts. The risks of short exposure include, under certain market conditions, an increase in the volatility and decrease in the liquidity of Bitcoin futures contracts. To the extent that, at any particular point in time, Bitcoin futures contracts may be thinly traded or have a limited market, the ProFund may be unable to meet its investment objective due to a lack of available financial instruments or counterparties. During such periods, the Short Bitcoin ProFund's† ability to achieve its investment objective may be adversely affected. Obtaining inverse exposure through Bitcoin futures contracts may be considered an aggressive investment technique.
Bitcoin Futures Capacity Risk
If the ProFunds' 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 ProFunds' futures commission merchants ("FCMs"), the listing exchanges, or the CFTC, the ProFunds would not be able to achieve their investment objective and may experience significant losses. In such circumstances, the Adviser intends to take such action as it believes appropriate and in the best interest of each ProFund.
Any disruption in a ProFund's ability to obtain exposure to Bitcoin futures contracts will cause the ProFund's performance to deviate from the performance of Bitcoin and Bitcoin futures. Additionally, the ability of the ProFund to obtain exposure to Bitcoin futures contracts is limited by certain tax rules that limit the amount the ProFund can invest in its wholly-owned subsidiary as of the end of each tax quarter.
Market and Volatility Risk
The prices of Bitcoin and Bitcoin futures have historically been highly volatile. The value of the Short Bitcoin ProFund's† inverse exposure to bitcoin futures – and therefore the value of an investment in the ProFund – could decline significantly and without warning, including to zero.
Rolling Futures Contract Risk
Bitcoin ProFund† and Short Bitcoin ProFund† (through their investments in their respective Subsidiaries) have exposure to futures contracts and are subject to risks related to "rolling" of such contracts. Each ProFund does not intend to hold futures contracts through their expiration date, but instead intends to "roll" its futures positions. Rolling occurs when a ProFund closes out of futures contracts as they near their expiration date and is replaced with contracts that have a later expiration date. When the market for these futures contracts is such that the prices are higher in the more distant delivery months than in the nearer delivery months, the sale during the course of the rolling process of the more nearby contract would take place at a price that is lower than the price of the more distant contract. This pattern of higher futures contract prices for longer expiration contracts is often referred to as "contango." Alternatively, when the market for futures contracts is such that the prices are higher in the nearer months than in the more distant months, the sale during the course of the rolling process of the more nearby contract would take place at a price that is higher than the price of the more distant contract. This pattern of higher futures prices for shorter expiration futures contracts is referred to as "backwardation." Extended periods of contango or backwardation have occurred in the past and can in the future cause significant losses for a ProFund. The Advisor will utilize active management techniques to seek to mitigate the negative impact or, in certain cases, benefit from the contango or backwardation present in the various futures contract markets, but there can be no guarantee that it will be successful in doing so.
Cybersecurity Risk
With the increased use of technologies such as the Internet and the dependence on computer systems to perform necessary business functions, each ProFund, financial intermediaries, service providers and the relevant listing exchange are susceptible to operational, information security and related "cyber" risks. In general, cyber incidents can result from deliberate attacks or unintentional events. Cyber attacks include, but are not limited to gaining unauthorized access to digital systems for purposes of misappropriating assets or sensitive information, corrupting data, or causing operational disruption. Cyber attacks may also be carried out in a manner that does not require gaining unauthorized access, such as causing among other behaviors, stealing or corrupting data maintained online or digitally, and
26 :: Notes to Consolidated Financial Statements :: July 31, 2024
denial of service attacks on websites. Cybersecurity failures or breaches of a ProFund's third party service provider (including, but not limited to, index providers, the administrator and transfer agent) or the issuers of securities and/or financial instruments in which the ProFund invests, have the ability to cause disruptions and impact business operations, potentially resulting in financial losses, the inability of ProFund shareholders to transact business, violations of applicable privacy and other laws. For instance, cyber attacks may interfere with the processing of shareholder transactions, impact the ProFund's ability to calculate its NAV, cause the release of private shareholder information or confidential ProFund information, impede trading, cause reputational damage, and subject the ProFund to regulatory fines, reputational damage, penalties or financial losses, reimbursement or other compensation costs, and/or additional compliance costs. In addition, substantial costs may be incurred in order to prevent any cyber incidents in the future. A ProFund and its shareholders could be negatively impacted as a result. While a ProFund or its service providers may have established business continuity plans and systems designed to guard against such cyber attacks or adverse effects of such attacks, there are inherent limitations in such plans and systems including the possibility that certain risks have not been identified, in large part because different unknown threats may emerge in the future. Similar types of cybersecurity risks also are present for issuers of securities in which a ProFund invests, which could result in material adverse consequences for such issuers, and may cause the ProFund's investments in such securities to lose value. In addition, cyber attacks involving a counterparty to a ProFund could affect such a counterparty's ability to meets it obligations to the ProFund, which may result in losses to the ProFund and its shareholders. The Advisor and the Trust do not control the cybersecurity plans and systems put in place by third party service providers, and such third party service providers may have no or limited indemnification obligations to the Advisor or to a ProFund.
Portfolio Turnover Risk
Each ProFund may incur high portfolio turnover in connection with managing the ProFund's investment exposure. Additionally, active trading of a ProFund's shares is expected to cause more frequent purchase and sales activities that could, in certain circumstances, increase the number of portfolio transactions. High levels of portfolio transactions increase transaction costs and may result in increased taxable gains. Each of these factors could have a negative impact on the performance of a ProFund.
Valuation Risk
In certain circumstances (e.g., if ProFund Advisors believes market quotations are not reliable, or a trading halt closes an exchange or market early), ProFund Advisors may, pursuant to procedures approved by the Board of Trustees of a ProFund, choose to determine a fair value price as the basis for determining the value of such investment for such day. The fair value of an investment determined by ProFund Advisors may be different from other value determinations of the same investment. Portfolio investments that are valued using techniques other than market quotations, including "fair valued" investments, may be subject to greater fluctuation in their value from one day to the next than would be the case if market quotations were used. In addition, there is no assurance that a ProFund could sell a portfolio investment for the value established for it at any time, and it is possible that a ProFund would incur a loss because a portfolio investment is sold at a
discount to its established value. The fair value of a ProFund's Bitcoin futures may be determined by reference, in whole or in part, to the cash market in Bitcoin. These circumstances may be more likely to occur with respect to Bitcoin futures than with respect to futures on more traditional assets. In addition, the Bitcoin futures held by a ProFund and Bitcoin may be traded in markets on days and at times when a Fund is not open for business. As a result, the value of a ProFund's holdings may vary, perhaps significantly, on days and at times when investors are unable to purchase or sell a ProFund's shares.
Tax Risk
In order to qualify for the special tax treatment accorded a RIC and its shareholders, a ProFund must derive at least 90% of its gross income for each taxable year from "qualifying income," meet certain asset diversification tests at the end of each taxable quarter, and meet annual distribution requirements. A ProFund's pursuit of its investment strategies will potentially be limited by the ProFund's intention to qualify for such treatment and could adversely affect its ability to so qualify. A ProFund may make certain investments, the treatment of which for these purposes is unclear. In particular, direct investments by a ProFund in futures are not expected to produce qualifying income for purposes of the ProFund's qualification as a RIC. A ProFund, however, expects to gain exposure to futures and generate qualifying income by investing a portion of its assets in a wholly-owned subsidiary of the ProFund organized under the laws of the Cayman Islands. To comply with the asset diversification test applicable to a RIC, a ProFund will limit its investments in such subsidiary to 25% of the ProFund's total assets at the end of each tax quarter. A ProFund may, however, exceed this amount from time to time if the Advisor believes doing so is in the best interests of the ProFund, provided, however, that the ProFund intends to continue to comply with the asset diversification test applicable to RICs. If a ProFund's investments in the subsidiary were to exceed 25% of the Fund's total assets at the end of a tax quarter, the ProFund may no longer be eligible to be treated as a RIC. The Advisor will carefully monitor a ProFund's investments in the subsidiary to ensure that no more than 25% of the ProFund's assets are invested in the subsidiary at the end of each tax quarter. A ProFund intends to invest in complex derivatives for which there is not clear guidance from the Internal Revenue Service ("IRS") as to the calculation of such investments under the asset diversification test applicable to RICs. There are no assurances that the IRS will agree with a ProFund's calculation under the asset diversification test which could cause the ProFund to fail to qualify as a RIC. If, in any year, a ProFund were to fail to qualify for the special tax treatment accorded a RIC and its shareholders, and were ineligible to or were not to cure such failure, the ProFund would be taxed in the same manner as an ordinary corporation subject to U.S. federal income tax on all its income at the fund level. The resulting taxes could substantially reduce a ProFund's net assets and the amount of income available for distribution. In addition, in order to requalify for taxation as a RIC, a ProFund could be required to recognize unrealized gains, pay substantial taxes and interest, and make certain distributions.
Risk of Investing in Other U.S. Investment Companies
If a ProFund is unable to obtain its desired exposure to Bitcoin futures contracts because it is approaching or has exceeded position limits or because of liquidity or other constraints, the
July 31, 2024 :: Notes to Consolidated Financial Statements :: 27
ProFund may obtain exposure by investing in other U.S. investment companies, such as ETFs, that provide investment exposure to Bitcoin futures contracts or Bitcoin-related companies. Such investments subject a ProFund to those risks affecting the underlying ETFs, such as risks that the investment management strategy of the underlying fund may not produce its intended results (management risk) and the risk that the underlying fund could lose money over short periods due to short-term market movements and over longer periods during market downturns (market risk). In addition, ETFs may trade at a price below their net asset value. Moreover, the ProFund will incur its pro rata share of the expenses of the underlying fund's expenses.
Early Close/Late Close/Trading Halt Risk
An exchange or market may close early, close late or issue trading halts on specific securities or financial instruments. As a result, the ability to trade certain securities or financial instruments may be restricted, which may disrupt a ProFund's purchase and redemption process and/or result in a ProFund being unable to trade certain securities or financial instruments at all. In these circumstances, the ProFund may be unable to rebalance its portfolio, may be unable to accurately price its investments and/or may incur substantial trading losses.
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 of Public Health Disruptions
Widespread disease, including public health disruptions, pandemics and epidemics (for example, COVID-19 including its variants), have been and may continue to be highly disruptive to economies and markets. Health crises could exacerbate political, social, and economic risks, and result in breakdowns, delays, shutdowns, social isolation, civil unrest, periods of high unemployment, shortages in and disruptions to the medical care and consumer goods and services industries, and other disruptions to important global, local and regional supply chains, with potential corresponding results on the performance of a ProFund and its investments.
Additionally, 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. The ongoing hostilities between the two countries could result in additional widespread conflict and could have a severe adverse effect on the region and certain markets. Sanctions on Russian exports could have a significant adverse impact on the Russian economy and related markets and could affect the value of the ProFunds' 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 impacts on the economy and the markets for certain securities and commodities, such as oil and natural gas. Furthermore, the possibility of a prolonged conflict between Hamas and Israel, and the potential expansion of the conflict in the surrounding areas and the involvement of other nations in the conflict, such as the Houthi movement's attacks on marine vessels in the Red Sea, could further destabilize the Middle East region and introduce new uncertainties in global markets, including the oil and natural gas markets. 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.
Risks of Government Regulation
The Financial Industry Regulatory Authority ("FINRA") issued a notice on March 8, 2022 seeking comment on measures that could prevent or restrict investors from buying a broad range of public securities designated as "complex products" – which could include the cryptocurrency (such as Bitcoin) funds offered by ProFund Advisors. The ultimate impact, if any, of these measures remains unclear. However, if regulations are adopted, they could, among other things, prevent or restrict investors' ability to buy the ProFunds.
28 :: Notes to Consolidated Financial Statements :: July 31, 2024
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 2023 | | Year Ended 2022 | |
| | | Distributions
Paid from
Ordinary
Income | | Distributions
Paid from
Net Long-Term
Capital Gains | | Tax Return
of Capital | | Total
Distributions
Paid | | Distributions
Paid from
Ordinary
Income | | Distributions
Paid from
Net Long-Term
Capital Gains | | Tax Return
of Capital | | Total
Distributions
Paid | |
Bitcoin ProFund† | | $ | 6,230,808 | | | $ | — | | | $ | — | | | $ | 6,230,808 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | |
As of the latest tax year ended October 31, 2023, the components of accumulated earnings (deficit) on a tax basis were as follows:
| | | Undistributed
Ordinary
Income | | Undistributed
Long-Term
Capital Gains | | Accumulated
Capital and
Other Losses | | Unrealized
Appreciation
(Depreciation) | | Total
Accumulated
Earnings
(Deficit) | |
Bitcoin ProFund† | | $ | 11,242 | | | $ | — | | | $ | (9,889 | ) | | $ | (8,027,159 | ) | | $ | (8,025,806 | ) | |
Short Bitcoin ProFund† | | | 459 | | | | — | | | | (70 | ) | | | (452,379 | ) | | | (451,990 | ) | |
As of the latest tax year ended October 31, 2023, 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.
| | | No Expiration
Date | |
Bitcoin ProFund† | | $ | 9,889 | | |
Short Bitcoin ProFund† | | | 70 | | |
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 October 31, 2023, 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) | |
Bitcoin ProFund† | | $ | 55,134,595 | | | $ | 12,166,350 | | | $ | (20,193,509 | ) | | $ | (8,027,159 | ) | |
Short Bitcoin ProFund† | | | 722,194 | | | | — | | | | (452,379 | ) | | | (452,379 | ) | |
8. Subsequent Events
On July 18, 2024, the Board approved a change to each ProFund's name effective September 27, 2024. Bitcoin Strategy ProFund's name changed to Bitcoin ProFund, and Short Bitcoin Strategy ProFund's name changed to Short Bitcoin ProFund. Additionally, the Board approved a change to the Short Bitcoin Strategy ProFund's primary benchmark from the Bloomberg Galaxy Bitcoin Index to the Bloomberg Bitcoin Index, also effective September 27, 2024, which resulted in a change to the Short Bitcoin Strategy ProFund's investment objective.
Effective following the close of the market on October 11, 2024, the Short Bitcoin ProFund† will undergo a 1-for-10 reverse share split. The effect of the reverse share split transaction will be to divide the number of outstanding shares of the ProFund by the reverse split factor, with a corresponding increase in the net asset value per share. These transactions will not change the net assets of this ProFund or the value of a shareholder's investment.
Since the effective date of the reverse share split is after the issuance date of this report, neither the Consolidated Statement of Changes in Net Assets nor the per share data presented in the Consolidated Financial Highlights have been retroactively adjusted to give effect to the reverse share split. Such retroactive adjustments will be presented in the ProFund's next registration statement to be dated on or about December 1, 2024.
Effective November 4, 2024, The Ultimus Group, LLC will replace Citi both as the Administrator and as fund accounting agent for the Trust.
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 additional subsequent events to report that would have a material impact on the ProFunds' financial statements.
Report of Independent Registered Public Accounting Firm :: 29
To the Shareholders and Board of Trustees
ProFunds:
Opinion on the Consolidated Financial Statements
We have audited the accompanying consolidated statement of assets and liabilities of the ProFunds listed in the Appendix (each a Fund and collectively, the Funds), including the consolidated schedule of portfolio investments, as of July 31, 2024, the related consolidated statements of operations and cash flows for the year then ended, the consolidated statements of changes in net assets for each of the years in the two-year period then ended, and the related notes (collectively, the consolidated financial statements) and the consolidated financial highlights for each of the years or periods in the five-year period then ended. In our opinion, the consolidated financial statements and financial highlights present fairly, in all material respects, the financial position of the Funds as of July 31, 2024, the results of their operations and their cash flows 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 or periods in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These consolidated financial statements and financial highlights are the responsibility of the Funds' management. Our responsibility is to express an opinion on these consolidated 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 consolidated 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 consolidated 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 consolidated financial statements and financial highlights. Such procedures also included confirmation of securities owned as of July 31, 2024, 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 consolidated 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 27, 2024
30 :: Report of Independent Registered Public Accounting Firm
Appendix
Consolidated statements of assets and liabilities, including the consolidated schedules of portfolio investments, as of July 31, 2024, the related consolidated statements of operations and cash flows for the year then ended, and changes in net assets for each of the years in the two-year period then ended.
Bitcoin ProFund (formerly Bitcoin Strategy ProFund)
Short Bitcoin ProFund (formerly Short Bitcoin Strategy ProFund)
Form N-CSR – Items 8-11 (unaudited)
32 :: Form N-CSR – Items 8-11 :: July 31, 2024 (unaudited)
Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not Applicable.
Item 9. Proxy Disclosures for Open-End Management Investment Companies.
Not Applicable.
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
Remuneration paid to Trustees, Officers, and others are part of the Financial Statements filed under Item 7(a) of this Form.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
Not Applicable.
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.
Annual Financial
Statements and
Other Information
JULY 31, 2024
| | | Investor | | Service | |
Access Flex Bear High
Yield ProFund | | AFBIX | | AFBSX | |
Access Flex High Yield ProFund | | FYAIX | | FYASX | |
Banks UltraSector ProFund | | BKPIX | | BKPSX | |
Bear ProFund | | BRPIX | | BRPSX | |
Biotechnology
UltraSector ProFund | | BIPIX | | BIPSX | |
Bull ProFund | | BLPIX | | BLPSX | |
Communication Services
UltraSector ProFund | | WCPIX | | WCPSX | |
Consumer Discretionary
UltraSector ProFund | | CYPIX | | CYPSX | |
Consumer Staples
UltraSector ProFund | | CNPIX | | CNPSX | |
Energy UltraSector ProFund | | ENPIX | | ENPSX | |
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 | |
Materials UltraSector ProFund | | BMPIX | | BMPSX | |
Mid-Cap Growth ProFund | | MGPIX | | MGPSX | |
Mid-Cap ProFund | | MDPIX | | MDPSX | |
Mid-Cap Value ProFund | | MLPIX | | MLPSX | |
Nasdaq-100 ProFund | | OTPIX | | OTPSX | |
Oil & Gas 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 | |
| | | Investor | | Service | |
Semiconductor
UltraSector ProFund | | SMPIX | | SMPSX | |
Short Energy ProFund | | SNPIX | | SNPSX | |
Short Nasdaq-100 ProFund | | SOPIX | | SOPSX | |
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 | |
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 | |
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Schedules of Portfolio Investments
2 :: Access Flex Bear High Yield ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Repurchase Agreements(a) (14.8%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $58,008 | | $ | 58,000 | | | $ | 58,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $58,000) | | | | | 58,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $58,000)—14.8% | | | | | 58,000 | | |
Net other assets (liabilities)—85.2% | | | | | 334,968 | | |
NET ASSETS—100.0% | | | | $ | 392,968 | | |
(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 | | | 3 | | | 10/1/24 | | $ | (324,656 | ) | | $ | (5,583 | ) | |
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,
2024(2) | | Notional
Amount(3) | | Value | | Premiums
Paid
(Received) | | Unrealized
Appreciation/
(Depreciation) | | Variation
Margin | |
CDX North
America
High Yield
Index Swap
Agreement,
Series 42 | | Daily | | | 5.00 | % | | 6/20/29 | | | 3.32 | % | | $ | 369,000 | | | $ | (25,074 | ) | | $ | (25,736 | ) | | $ | 662 | | | $ | (1,156 | ) | |
(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, 2024 :: Schedule of Portfolio Investments :: Access Flex High Yield ProFund :: 3
U.S. Treasury Obligation (62.0%)
| | | Principal
Amount | | Value | |
U.S. Treasury Notes, 4.25%, 6/30/29 | | $ | 6,875,000 | | | $ | 6,971,680 | | |
TOTAL U.S. TREASURY OBLIGATION
(Cost $6,832,448) | | | | | 6,971,680 | | |
Repurchase Agreements(a) (29.7%)
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $3,348,483 | | | 3,348,000 | | | | 3,348,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $3,348,000) | | | | | 3,348,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $10,180,448)—91.7% | | | | | 10,319,680 | | |
Net other assets (liabilities)—8.3% | | | | | 937,282 | | |
NET ASSETS—100.0% | | | | $ | 11,256,962 | | |
(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 | | | 6 | | | 10/1/24 | | $ | 649,313 | | | $ | 13,818 | | |
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,
2024(2) | | Notional
Amount(3) | | Value | | Premiums
Paid
(Received) | | Unrealized
Appreciation/
(Depreciation) | | Variation
Margin | |
CDX North
America
High Yield
Index Swap
Agreement,
Series 42 | | Daily | | | 5.00 | % | | 6/20/29 | | | 3.29 | % | | $ | 9,255,000 | | | $ | 628,885 | | | $ | 643,332 | | | $ | (14,447 | ) | | $ | 28,268 | | |
(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 of 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 could be required to pay 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.
4 :: Banks UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (73.2%)
| | | Shares | | Value | |
Ameris Bancorp (Banks) | | | 1,783 | | | $ | 108,567 | | |
Apollo Global Management, Inc.
(Financial Services) | | | 720 | | | | 90,223 | | |
Associated Banc-Corp. (Banks) | | | 4,172 | | | | 95,873 | | |
Atlantic Union Bankshares Corp. (Banks) | | | 2,425 | | | | 100,128 | | |
Axos Financial, Inc.* (Banks) | | | 1,597 | | | | 116,597 | | |
Banc of California, Inc. (Banks) | | | 6,499 | | | | 90,856 | | |
Bank of America Corp. (Banks) | | | 2,126 | | | | 85,699 | | |
Bank of Hawaii Corp. (Banks) | | | 1,490 | | | | 102,199 | | |
Bank OZK (Banks) | | | 2,206 | | | | 103,439 | | |
BankUnited, Inc. (Banks) | | | 3,086 | | | | 118,873 | | |
Banner Corp. (Banks) | | | 1,183 | | | | 70,057 | | |
BOK Financial Corp. (Banks) | | | 956 | | | | 98,315 | | |
Cadence Bank (Banks) | | | 3,098 | | | | 101,831 | | |
Cathay General Bancorp (Banks) | | | 2,313 | | | | 102,512 | | |
Citigroup, Inc. (Banks) | | | 1,406 | | | | 91,221 | | |
Citizens Financial Group, Inc. (Banks) | | | 2,449 | | | | 104,499 | | |
Columbia Banking System, Inc. (Banks) | | | 4,536 | | | | 118,662 | | |
Comerica, Inc. (Banks) | | | 1,782 | | | | 97,671 | | |
Commerce Bancshares, Inc. (Banks) | | | 1,576 | | | | 101,983 | | |
Community Financial System, Inc. (Banks) | | | 1,806 | | | | 111,394 | | |
Corebridge Financial, Inc. (Financial Services) | | | 2,943 | | | | 86,966 | | |
Cullen/Frost Bankers, Inc. (Banks) | | | 878 | | | | 102,779 | | |
CVB Financial Corp. (Banks) | | | 5,069 | | | | 96,615 | | |
East West Bancorp, Inc. (Banks) | | | 1,203 | | | | 105,732 | | |
Eastern Bankshares, Inc. (Banks) | | | 5,419 | | | | 90,172 | | |
Equitable Holdings, Inc. (Financial Services) | | | 2,104 | | | | 91,755 | | |
Essent Group, Ltd. (Financial Services) | | | 1,521 | | | | 95,580 | | |
F.N.B. Corp. (Banks) | | | 6,560 | | | | 100,630 | | |
Fifth Third Bancorp (Banks) | | | 2,369 | | | | 100,303 | | |
First Bancorp (Banks) | | | 4,873 | | | | 104,526 | | |
First Citizens BancShares, Inc.—Class A
(Banks) | | | 52 | | | | 108,560 | | |
First Financial Bancorp (Banks) | | | 2,272 | | | | 62,162 | | |
First Financial Bankshares, Inc. (Banks) | | | 2,999 | | | | 115,342 | | |
First Hawaiian, Inc. (Banks) | | | 4,244 | | | | 106,270 | | |
First Horizon Corp. (Banks) | | | 5,847 | | | | 97,827 | | |
First Interstate BancSystem, Inc.—Class A
(Banks) | | | 3,307 | | | | 104,402 | | |
First Merchants Corp. (Banks) | | | 1,728 | | | | 69,725 | | |
Fulton Financial Corp. (Banks) | | | 5,265 | | | | 101,983 | | |
Glacier Bancorp, Inc. (Banks) | | | 2,364 | | | | 105,694 | | |
Hancock Whitney Corp. (Banks) | | | 1,898 | | | | 103,878 | | |
Hilltop Holdings, Inc. (Banks) | | | 1,699 | | | | 56,050 | | |
Home BancShares, Inc. (Banks) | | | 3,656 | | | | 103,574 | | |
Huntington Bancshares, Inc. (Banks) | | | 6,745 | | | | 100,838 | | |
Independent Bank Corp. (Banks) | | | 1,772 | | | | 113,674 | | |
Independent Bank Group, Inc. (Banks) | | | 1,631 | | | | 96,327 | | |
International Bancshares Corp. (Banks) | | | 1,473 | | | | 99,339 | | |
Jackson Financial, Inc.—Class A (Financial
Services) | | | 1,206 | | | | 106,201 | | |
JPMorgan Chase & Co. (Banks) | | | 431 | | | | 91,717 | | |
KeyCorp (Banks) | | | 6,245 | | | | 100,732 | | |
Lakeland Financial Corp. (Banks) | | | 673 | | | | 46,121 | | |
M&T Bank Corp. (Banks) | | | 587 | | | | 101,064 | | |
MGIC Investment Corp. (Financial Services) | | | 4,080 | | | | 101,347 | | |
Mr. Cooper Group, Inc.* (Financial Services) | | | 1,022 | | | | 91,857 | | |
New York Community Bancorp, Inc.* (Banks) | | | 9,119 | | | | 95,932 | | |
NMI Holdings, Inc.* (Financial Services) | | | 2,627 | | | | 103,372 | | |
Common Stocks, continued
| | | Shares | | Value | |
Northern Trust Corp. (Capital Markets) | | | 1,022 | | | $ | 90,600 | | |
Old National Bancorp (Banks) | | | 5,291 | | | | 105,926 | | |
Pacific Premier Bancorp, Inc. (Banks) | | | 3,682 | | | | 99,635 | | |
PennyMac Financial Services, Inc.
(Financial Services) | | | 912 | | | | 89,485 | | |
Pinnacle Financial Partners, Inc. (Banks) | | | 1,114 | | | | 107,300 | | |
Popular, Inc. (Banks) | | | 992 | | | | 101,809 | | |
Prosperity Bancshares, Inc. (Banks) | | | 1,451 | | | | 105,227 | | |
Radian Group, Inc. (Financial Services) | | | 2,785 | | | | 103,324 | | |
Regions Financial Corp. (Banks) | | | 4,473 | | | | 100,061 | | |
Renasant Corp. (Banks) | | | 1,434 | | | | 49,315 | | |
Seacoast Banking Corp. of Florida (Banks) | | | 2,725 | | | | 75,864 | | |
ServisFirst Bancshares, Inc. (Banks) | | | 1,102 | | | | 88,424 | | |
Simmons First National Corp.—Class A
(Banks) | | | 3,152 | | | | 67,863 | | |
SouthState Corp. (Banks) | | | 1,171 | | | | 115,894 | | |
Synovus Financial Corp. (Banks) | | | 2,281 | | | | 106,637 | | |
Texas Capital Bancshares, Inc.* (Banks) | | | 1,463 | | | | 96,704 | | |
The Bancorp, Inc.* (Banks) | | | 2,546 | | | | 131,985 | | |
The Bank of New York Mellon Corp.
(Capital Markets) | | | 1,438 | | | | 93,571 | | |
The PNC Financial Services Group, Inc.
(Banks) | | | 552 | | | | 99,967 | | |
Triumph Financial, Inc.* (Banks) | | | 999 | | | | 90,639 | | |
Truist Financial Corp. (Banks) | | | 2,356 | | | | 105,290 | | |
Trustmark Corp. (Banks) | | | 1,713 | | | | 59,492 | | |
U.S. Bancorp (Banks) | | | 2,149 | | | | 96,447 | | |
UMB Financial Corp. (Banks) | | | 1,044 | | | | 106,509 | | |
United Bankshares, Inc. (Banks) | | | 2,682 | | | | 104,410 | | |
United Community Banks, Inc. (Banks) | | | 3,444 | | | | 106,592 | | |
Valley National Bancorp (Banks) | | | 12,799 | | | | 107,512 | | |
Voya Financial, Inc. (Financial Services) | | | 1,180 | | | | 85,821 | | |
WaFd, Inc. (Banks) | | | 2,800 | | | | 99,652 | | |
Walker & Dunlop, Inc. (Financial Services) | | | 885 | | | | 94,607 | | |
Webster Financial Corp. (Banks) | | | 2,105 | | | | 104,450 | | |
Wells Fargo & Co. (Banks) | | | 1,453 | | | | 86,221 | | |
WesBanco, Inc. (Banks) | | | 1,298 | | | | 41,380 | | |
Western Alliance Bancorp (Banks) | | | 1,426 | | | | 114,736 | | |
Wintrust Financial Corp. (Banks) | | | 908 | | | | 98,246 | | |
WSFS Financial Corp. (Banks) | | | 1,609 | | | | 90,892 | | |
Zions Bancorp NA (Banks) | | | 2,047 | | | | 105,768 | | |
TOTAL COMMON STOCKS
(Cost $5,901,145) | | | | | 8,897,900 | | |
Repurchase Agreements(a)(b) (23.7%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $2,885,417 | | $ | 2,885,000 | | | $ | 2,885,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $2,885,000) | | | | | 2,885,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $8,786,145)—96.9% | | | | | 11,782,900 | | |
Net other assets (liabilities)—3.1% | | | | | 382,206 | | |
NET ASSETS—100.0% | | | | $ | 12,165,106 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Banks UltraSector ProFund :: 5
* 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, 2024, the aggregate amount held in a segregated account was $1,174,000.
Total Return Swap Agreements—Long
Underlying Instrument | | Counterparty | | Termination
Date(1) | | Rate Paid
(Received)(2) | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
S&P Banks Select Industry Index | | Goldman Sachs International | | 8/23/24 | | | 6.08 | % | | $ | 4,568,058 | | | $ | 19,858 | | |
S&P Banks Select Industry Index | | UBS AG | | 8/23/24 | | | 5.78 | % | | | 4,784,903 | | | | 42,085 | | |
| | | | | | | | | $ | 9,352,961 | | | $ | 61,943 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
Banks UltraSector ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Banks | | $ | 7,573,191 | | | | 62.3 | % | |
Capital Markets | | | 184,171 | | | | 1.5 | % | |
Financial Services | | | 1,140,538 | | | | 9.4 | % | |
Other** | | | 3,267,206 | | | | 26.8 | % | |
Total | | $ | 12,165,106 | | | | 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.
6 :: Bear ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Repurchase Agreements(a)(b) (100.9%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $5,126,740 | | $ | 5,126,000 | | | $ | 5,126,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $5,126,000) | | | | | 5,126,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $5,126,000)—100.9% | | | | | 5,126,000 | | |
Net other assets (liabilities)—(0.9)% | | | | | (44,133 | ) | |
NET ASSETS—100.0% | | | | $ | 5,081,867 | | |
(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, 2024, the aggregate amount held in a segregated account was $948,000.
Futures Contracts Sold
| | | Number
of
Contracts | | Expiration
Date | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
E-Mini S&P 500 Futures Contracts | | | 2 | | | 9/23/24 | | $ | (555,800 | ) | | $ | (6,549 | ) | |
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 | | 8/27/24 | | | (5.83 | )% | | $ | (414,173 | ) | | $ | (7,106 | ) | |
S&P 500 | | UBS AG | | 8/27/24 | | | (5.58 | )% | | | (4,108,591 | ) | | | (42,787 | ) | |
| | | | | | | | | $ | (4,522,764 | ) | | $ | (49,893 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Biotechnology UltraSector ProFund :: 7
Common Stocks (78.8%)
| | | Shares | | Value | |
4D Molecular Therapeutics, Inc.*
(Biotechnology) | | | 11,173 | | | $ | 198,097 | | |
89bio, Inc.* (Biotechnology) | | | 16,781 | | | | 153,714 | | |
AbbVie, Inc. (Biotechnology) | | | 12,854 | | | | 2,382,102 | | |
ACADIA Pharmaceuticals, Inc.*
(Biotechnology) | | | 35,668 | | | | 678,405 | | |
ADMA Biologics, Inc.* (Biotechnology) | | | 32,722 | | | | 401,826 | | |
Agios Pharmaceuticals, Inc.*
(Biotechnology) | | | 8,985 | | | | 416,904 | | |
Akero Therapeutics, Inc.*
(Biotechnology) | | | 14,148 | | | | 378,176 | | |
Alector, Inc.* (Biotechnology) | | | 11,765 | | | | 70,590 | | |
Alkermes PLC* (Biotechnology) | | | 33,727 | | | | 921,422 | | |
Allogene Therapeutics, Inc.*
(Biotechnology) | | | 48,768 | | | | 143,378 | | |
Alnylam Pharmaceuticals, Inc.*
(Biotechnology) | | | 9,483 | | | | 2,251,833 | | |
Altimmune, Inc.* (Biotechnology) | | | 25,907 | | | | 164,769 | | |
Amgen, Inc. (Biotechnology) | | | 7,257 | | | | 2,412,734 | | |
Amicus Therapeutics, Inc.*
(Biotechnology) | | | 53,392 | | | | 550,472 | | |
AnaptysBio, Inc.* (Biotechnology) | | | 5,807 | | | | 202,316 | | |
Anavex Life Sciences Corp.*(a)
(Biotechnology) | | | 26,226 | | | | 178,206 | | |
Apellis Pharmaceuticals, Inc.*
(Biotechnology) | | | 28,292 | | | | 1,120,363 | | |
Apogee Therapeutics, Inc.*
(Biotechnology) | | | 8,750 | | | | 426,125 | | |
Arcellx, Inc.* (Biotechnology) | | | 10,033 | | | | 620,140 | | |
Arcturus Therapeutics Holdings, Inc.*
(Biotechnology) | | | 9,121 | | | | 213,979 | | |
Arcus Biosciences, Inc.*
(Biotechnology) | | | 11,200 | | | | 183,792 | | |
Arcutis Biotherapeutics, Inc.*
(Biotechnology) | | | 30,337 | | | | 305,494 | | |
Ardelyx, Inc.* (Biotechnology) | | | 75,144 | | | | 417,049 | | |
Arrowhead Pharmaceuticals, Inc.*
(Biotechnology) | | | 17,133 | | | | 489,318 | | |
ARS Pharmaceuticals, Inc.*
(Biotechnology) | | | 9,975 | | | | 108,428 | | |
Astria Therapeutics, Inc.*
(Biotechnology) | | | 12,841 | | | | 149,983 | | |
Avid Bioservices, Inc.* (Biotechnology) | | | 21,548 | | | | 224,961 | | |
Avidity Biosciences, Inc.*
(Biotechnology) | | | 12,782 | | | | 582,604 | | |
Beam Therapeutics, Inc.*
(Biotechnology) | | | 19,322 | | | | 611,348 | | |
BioCryst Pharmaceuticals, Inc.*
(Biotechnology) | | | 54,452 | | | | 396,411 | | |
Biogen, Inc.* (Biotechnology) | | | 9,354 | | | | 1,994,273 | | |
Biohaven, Ltd.* (Biotechnology) | | | 22,876 | | | | 899,713 | | |
BioMarin Pharmaceutical, Inc.*
(Biotechnology) | | | 25,951 | | | | 2,188,448 | | |
Blueprint Medicines Corp.*
(Biotechnology) | | | 11,103 | | | | 1,202,455 | | |
Bridgebio Pharma, Inc.*
(Biotechnology) | | | 31,755 | | | | 824,042 | | |
C4 Therapeutics, Inc.*
(Biotechnology) | | | 21,716 | | | | 145,497 | | |
Cabaletta Bio, Inc.* (Biotechnology) | | | 12,111 | | | | 85,988 | | |
CareDx, Inc.* (Biotechnology) | | | 10,456 | | | | 209,015 | | |
Common Stocks, continued
| | | Shares | | Value | |
Cargo Therapeutics, Inc.*
(Biotechnology) | | | 4,730 | | | $ | 80,552 | | |
Catalyst Pharmaceuticals, Inc.*
(Biotechnology) | | | 21,687 | | | | 373,884 | | |
Celldex Therapeutics, Inc.*
(Biotechnology) | | | 13,971 | | | | 532,435 | | |
Cerevel Therapeutics Holdings, Inc.*
(Biotechnology) | | | 21,430 | | | | 963,493 | | |
CG Oncology, Inc.* (Biotechnology) | | | 5,959 | | | | 198,733 | | |
Cogent Biosciences, Inc.*
(Biotechnology) | | | 21,509 | | | | 202,830 | | |
Corbus Pharmaceuticals Holdings, Inc.*
(Biotechnology) | | | 2,714 | | | | 161,402 | | |
Crinetics Pharmaceuticals, Inc.*
(Biotechnology) | | | 13,114 | | | | 696,616 | | |
CRISPR Therapeutics AG*(a)
(Biotechnology) | | | 21,344 | | | | 1,222,798 | | |
Cullinan Therapeutics, Inc.*
(Biotechnology) | | | 12,235 | | | | 236,747 | | |
Cytokinetics, Inc.* (Biotechnology) | | | 30,660 | | | | 1,809,247 | | |
Day One Biopharmaceuticals, Inc.*
(Biotechnology) | | | 17,497 | | | | 250,382 | | |
Denali Therapeutics, Inc.*
(Biotechnology) | | | 17,711 | | | | 431,617 | | |
Disc Medicine, Inc.* (Biotechnology) | | | 2,804 | | | | 121,021 | | |
Dynavax Technologies Corp.*
(Biotechnology) | | | 36,441 | | | | 407,775 | | |
Dyne Therapeutics, Inc.*
(Biotechnology) | | | 16,997 | | | | 729,341 | | |
Editas Medicine, Inc.* (Biotechnology) | | | 25,124 | | | | 135,921 | | |
Exact Sciences Corp.* (Biotechnology) | | | 51,746 | | | | 2,363,756 | | |
Exelixis, Inc.* (Biotechnology) | | | 40,844 | | | | 957,792 | | |
Fate Therapeutics, Inc.*
(Biotechnology) | | | 29,322 | | | | 156,286 | | |
Geron Corp.* (Biotechnology) | | | 113,110 | | | | 536,141 | | |
Gilead Sciences, Inc. (Biotechnology) | | | 33,310 | | | | 2,533,558 | | |
Halozyme Therapeutics, Inc.*
(Biotechnology) | | | 15,312 | | | | 846,141 | | |
Heron Therapeutics, Inc.*
(Biotechnology) | | | 30,113 | | | | 89,436 | | |
Humacyte, Inc.* (Biotechnology) | | | 12,194 | | | | 115,355 | | |
Ideaya Biosciences, Inc.*
(Biotechnology) | | | 14,048 | | | | 604,766 | | |
ImmunityBio, Inc.*(a) (Biotechnology) | | | 50,935 | | | | 262,315 | | |
Immunome, Inc.* (Biotechnology) | | | 13,567 | | | | 209,067 | | |
Immunovant, Inc.* (Biotechnology) | | | 16,450 | | | | 478,202 | | |
Incyte Corp.* (Biotechnology) | | | 33,065 | | | | 2,151,540 | | |
Insmed, Inc.* (Biotechnology) | | | 13,120 | | | | 954,480 | | |
Intellia Therapeutics, Inc.*
(Biotechnology) | | | 24,381 | | | | 639,026 | | |
Ionis Pharmaceuticals, Inc.*
(Biotechnology) | | | 19,742 | | | | 976,439 | | |
Iovance Biotherapeutics, Inc.*
(Biotechnology) | | | 78,761 | | | | 687,584 | | |
Ironwood Pharmaceuticals, Inc.*
(Biotechnology) | | | 44,937 | | | | 306,920 | | |
iTeos Therapeutics, Inc.*
(Biotechnology) | | | 4,207 | | | | 74,001 | | |
Janux Therapeutics, Inc.*
(Biotechnology) | | | 9,031 | | | | 366,659 | | |
See accompanying notes to the financial statements.
8 :: Biotechnology UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Keros Therapeutics, Inc.*
(Biotechnology) | | | 6,729 | | | $ | 337,527 | | |
Kiniksa Pharmaceuticals International
PLC* (Biotechnology) | | | 7,086 | | | | 188,488 | | |
Krystal Biotech, Inc.* (Biotechnology) | | | 4,887 | | | | 1,018,744 | | |
Kura Oncology, Inc.* (Biotechnology) | | | 14,566 | | | | 303,118 | | |
Kymera Therapeutics, Inc.*
(Biotechnology) | | | 10,618 | | | | 490,552 | | |
Madrigal Pharmaceuticals, Inc.*
(Biotechnology) | | | 4,258 | | | | 1,212,082 | | |
MannKind Corp.* (Biotechnology) | | | 40,964 | | | | 235,953 | | |
MiMedx Group, Inc.* (Biotechnology) | | | 16,153 | | | | 120,340 | | |
Mirum Pharmaceuticals, Inc.*
(Biotechnology) | | | 8,051 | | | | 326,468 | | |
Moderna, Inc.* (Biotechnology) | | | 15,476 | | | | 1,845,049 | | |
Morphic Holding, Inc.* (Biotechnology) | | | 8,717 | | | | 493,905 | | |
Myriad Genetics, Inc.* (Biotechnology) | | | 10,927 | | | | 305,628 | | |
Natera, Inc.* (Biotechnology) | | | 19,209 | | | | 1,966,810 | | |
Neurocrine Biosciences, Inc.*
(Biotechnology) | | | 14,090 | | | | 1,994,721 | | |
Novavax, Inc.* (Biotechnology) | | | 30,617 | | | | 392,204 | | |
Nurix Therapeutics, Inc.*
(Biotechnology) | | | 16,054 | | | | 351,262 | | |
Nuvalent, Inc.*—Class A
(Biotechnology) | | | 7,564 | | | | 604,666 | | |
Ocugen, Inc.*(a) (Biotechnology) | | | 93,199 | | | | 130,945 | | |
Olema Pharmaceuticals, Inc.*
(Biotechnology) | | | 11,926 | | | | 192,724 | | |
ORIC Pharmaceuticals, Inc.*
(Biotechnology) | | | 13,587 | | | | 152,174 | | |
Praxis Precision Medicines, Inc.*
(Biotechnology) | | | 4,835 | | | | 279,028 | | |
Protagonist Therapeutics, Inc.*
(Biotechnology) | | | 8,800 | | | | 329,472 | | |
Prothena Corp. PLC* (Biotechnology) | | | 11,343 | | | | 264,065 | | |
PTC Therapeutics, Inc.* (Biotechnology) | | | 11,745 | | | | 397,568 | | |
Recursion Pharmaceuticals,
Inc.*(a)—Class A (Biotechnology) | | | 46,521 | | | | 381,472 | | |
Regeneron Pharmaceuticals, Inc.*
(Biotechnology) | | | 2,091 | | | | 2,256,586 | | |
REGENXBIO, Inc.* (Biotechnology) | | | 12,064 | | | | 171,912 | | |
Relay Therapeutics, Inc.*
(Biotechnology) | | | 22,674 | | | | 186,380 | | |
REVOLUTION Medicines, Inc.*
(Biotechnology) | | | 21,704 | | | | 990,571 | | |
Rhythm Pharmaceuticals, Inc.*
(Biotechnology) | | | 8,484 | | | | 409,014 | | |
Rocket Pharmaceuticals, Inc.*
(Biotechnology) | | | 13,755 | | | | 332,871 | | |
Roivant Sciences, Ltd.* (Biotechnology) | | | 96,991 | | | | 1,052,352 | | |
Sage Therapeutics, Inc.*
(Biotechnology) | | | 14,411 | | | | 157,800 | | |
Sana Biotechnology, Inc.*
(Biotechnology) | | | 39,802 | | | | 242,394 | | |
Sarepta Therapeutics, Inc.*
(Biotechnology) | | | 16,865 | | | | 2,398,877 | | |
Savara, Inc.* (Biotechnology) | | | 15,859 | | | | 72,951 | | |
Scholar Rock Holding Corp.*
(Biotechnology) | | | 15,549 | | | | 141,185 | | |
Common Stocks, continued
| | | Shares | | Value | |
Soleno Therapeutics, Inc.*
(Biotechnology) | | | 6,306 | | | $ | 304,138 | | |
SpringWorks Therapeutics, Inc.*
(Biotechnology) | | | 18,225 | | | | 654,460 | | |
Spyre Therapeutics, Inc.*
(Biotechnology) | | | 7,846 | | | | 215,765 | | |
Stoke Therapeutics, Inc.*
(Biotechnology) | | | 9,340 | | | | 139,820 | | |
Summit Therapeutics, Inc.*
(Biotechnology) | | | 19,396 | | | | 209,477 | | |
Syndax Pharmaceuticals, Inc.*
(Biotechnology) | | | 20,802 | | | | 472,205 | | |
Tango Therapeutics, Inc.*
(Biotechnology) | | | 8,522 | | | | 83,942 | | |
TG Therapeutics, Inc.* (Biotechnology) | | | 39,397 | | | | 778,485 | | |
Travere Therapeutics, Inc.*
(Biotechnology) | | | 21,313 | | | | 203,326 | | |
Twist Bioscience Corp.*
(Biotechnology) | | | 12,052 | | | | 672,622 | | |
Ultragenyx Pharmaceutical, Inc.*
(Biotechnology) | | | 14,750 | | | | 664,045 | | |
United Therapeutics Corp.*
(Biotechnology) | | | 7,523 | | | | 2,356,881 | | |
Vaxcyte, Inc.* (Biotechnology) | | | 11,070 | | | | 873,312 | | |
Vera Therapeutics, Inc.*
(Biotechnology) | | | 14,235 | | | | 520,859 | | |
Veracyte, Inc.* (Biotechnology) | | | 12,873 | | | | 308,952 | | |
Vericel Corp.* (Biotechnology) | | | 7,730 | | | | 390,520 | | |
Vertex Pharmaceuticals, Inc.*
(Biotechnology) | | | 4,508 | | | | 2,234,706 | | |
Verve Therapeutics, Inc.*
(Biotechnology) | | | 17,448 | | | | 122,136 | | |
Viking Therapeutics, Inc.*
(Biotechnology) | | | 39,233 | | | | 2,236,281 | | |
Vir Biotechnology, Inc.* (Biotechnology) | | | 17,052 | | | | 173,248 | | |
Viridian Therapeutics, Inc.*
(Biotechnology) | | | 16,950 | | | | 285,608 | | |
Voyager Therapeutics, Inc.*
(Biotechnology) | | | 10,434 | | | | 95,888 | | |
Xencor, Inc.* (Biotechnology) | | | 11,167 | | | | 228,030 | | |
Zentalis Pharmaceuticals, Inc.*
(Biotechnology) | | | 19,591 | | | | 76,209 | | |
TOTAL COMMON STOCKS
(Cost $71,817,819) | | | | | 85,797,401 | | |
Repurchase Agreements(b)(c) (21.9%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $23,831,440 | | $ | 23,828,000 | | | $ | 23,828,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $23,828,000) | | | | | 23,828,000 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Biotechnology UltraSector ProFund :: 9
Collateral for Securities Loaned(d) (1.3%)
| | | Shares | | Value | |
Invesco Government & Agency Portfolio—
Institutional Shares, 5.22%(e) | | | 1,418,753 | | | $ | 1,418,753 | | |
TOTAL COLLATERAL FOR SECURITIES LOANED
(Cost $1,418,753) | | | | | 1,418,753 | | |
TOTAL INVESTMENT SECURITIES
(Cost $97,064,572)—102.0% | | | | | 111,044,154 | | |
Net other assets (liabilities)—(2.0)% | | | | | (2,230,217 | ) | |
NET ASSETS—100.0% | | | | $ | 108,813,937 | | |
* Non-income producing security.
(a) All or part of this security was on loan as of July 31, 2024. The total value of securities on loan as of July 31, 2024 was $1,394,560.
(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, 2024, the aggregate amount held in a segregated account was $15,121,000.
(d) Securities were purchased with cash collateral held from securities on loan at July 31, 2024.
(e) Rate periodically changes. Rate disclosed is the daily yield on July 31, 2024.
Total Return Swap Agreements—Long
Underlying Instrument | | Counterparty | | Termination
Date(1) | | Rate Paid
(Received)(2) | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
S&P Biotechnology Select Industry Index | | Goldman Sachs International | | 8/23/24 | | | 6.08 | % | | $ | 37,404,057 | | | $ | (363,609 | ) | |
S&P Biotechnology Select Industry Index | | UBS AG | | 8/23/24 | | | 5.93 | % | | | 40,290,196 | | | | (343,921 | ) | |
| | | | | | | | | $ | 77,694,253 | | | $ | (707,530 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
Biotechnology UltraSector ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Biotechnology | | $ | 85,797,401 | | | | 78.8 | % | |
Other** | | | 23,016,536 | | | | 21.2 | % | |
Total | | $ | 108,813,937 | | | | 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.
10 :: Bull ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (85.1%)
| | | Shares | | Value | |
3M Co. (Industrial Conglomerates) | | | 520 | | | $ | 66,326 | | |
A.O. Smith Corp. (Building Products) | | | 114 | | | | 9,695 | | |
Abbott Laboratories (Health Care
Equipment & Supplies) | | | 1,635 | | | | 173,212 | | |
AbbVie, Inc. (Biotechnology) | | | 1,660 | | | | 307,632 | | |
Accenture PLC—Class A (IT Services) | | | 591 | | | | 195,396 | | |
Adobe, Inc.* (Software) | | | 421 | | | | 232,245 | | |
Advanced Micro Devices, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 1,519 | | | | 219,465 | | |
Aflac, Inc. (Insurance) | | | 486 | | | | 46,355 | | |
Agilent Technologies, Inc. (Life
Sciences Tools & Services) | | | 275 | | | | 38,885 | | |
Air Products and Chemicals, Inc.
(Chemicals) | | | 209 | | | | 55,145 | | |
Airbnb, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 415 | | | | 57,917 | | |
Akamai Technologies, Inc.* (IT Services) | | | 143 | | | | 14,054 | | |
Albemarle Corp. (Chemicals) | | | 110 | | | | 10,304 | | |
Alexandria Real Estate Equities, Inc.
(Office REITs) | | | 148 | | | | 17,359 | | |
Align Technology, Inc.* (Health Care
Equipment & Supplies) | | | 66 | | | | 15,304 | | |
Allegion PLC (Building Products) | | | 82 | | | | 11,218 | | |
Alliant Energy Corp. (Electric Utilities) | | | 241 | | | | 13,414 | | |
Alphabet, Inc.—Class A (Interactive
Media & Services) | | | 5,520 | | | | 946,901 | | |
Alphabet, Inc.—Class C (Interactive
Media & Services) | | | 4,593 | | | | 795,278 | | |
Altria Group, Inc. (Tobacco) | | | 1,614 | | | | 79,102 | | |
Amazon.com, Inc.* (Broadline Retail) | | | 8,606 | | | | 1,609,151 | | |
Amcor PLC (Containers & Packaging) | | | 1,358 | | | | 14,300 | | |
Ameren Corp. (Multi-Utilities) | | | 251 | | | | 19,897 | | |
American Airlines Group, Inc.*
(Passenger Airlines) | | | 617 | | | | 6,565 | | |
American Electric Power Co., Inc.
(Electric Utilities) | | | 495 | | | | 48,569 | | |
American Express Co. (Consumer
Finance) | | | 534 | | | | 135,122 | | |
American International Group, Inc.
(Insurance) | | | 624 | | | | 49,440 | | |
American Tower Corp. (Specialized
REITs) | | | 439 | | | | 96,755 | | |
American Water Works Co., Inc.
(Water Utilities) | | | 183 | | | | 26,052 | | |
Ameriprise Financial, Inc. (Capital
Markets) | | | 93 | | | | 39,997 | | |
AMETEK, Inc. (Electrical Equipment) | | | 218 | | | | 37,819 | | |
Amgen, Inc. (Biotechnology) | | | 504 | | | | 167,565 | | |
Amphenol Corp.—Class A (Electronic
Equipment, Instruments &
Components) | | | 1,129 | | | | 72,550 | | |
Analog Devices, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 466 | | | | 107,823 | | |
ANSYS, Inc.* (Software) | | | 82 | | | | 25,718 | | |
Aon PLC—Class A (Insurance) | | | 204 | | | | 67,016 | | |
APA Corp. (Oil, Gas & Consumable
Fuels) | | | 338 | | | | 10,542 | | |
Common Stocks, continued
| | | Shares | | Value | |
Apple, Inc. (Technology Hardware,
Storage & Peripherals) | | | 13,546 | | | $ | 3,008,296 | | |
Applied Materials, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 781 | | | | 165,728 | | |
Aptiv PLC* (Automobile Components) | | | 256 | | | | 17,764 | | |
Arch Capital Group, Ltd.* (Insurance) | | | 351 | | | | 33,619 | | |
Archer-Daniels-Midland Co. (Food
Products) | | | 465 | | | | 28,835 | | |
Arista Networks, Inc.*
(Communications Equipment) | | | 239 | | | | 82,826 | | |
Arthur J. Gallagher & Co. (Insurance) | | | 205 | | | | 58,115 | | |
Assurant, Inc. (Insurance) | | | 49 | | | | 8,569 | | |
AT&T, Inc. (Diversified
Telecommunication Services) | | | 6,738 | | | | 129,707 | | |
Atmos Energy Corp. (Gas Utilities) | | | 142 | | | | 18,159 | | |
Autodesk, Inc.* (Software) | | | 201 | | | | 49,752 | | |
Automatic Data Processing, Inc.
(Professional Services) | | | 385 | | | | 101,108 | | |
AutoZone, Inc.* (Specialty Retail) | | | 16 | | | | 50,139 | | |
AvalonBay Communities, Inc.
(Residential REITs) | | | 133 | | | | 27,254 | | |
Avery Dennison Corp. (Containers &
Packaging) | | | 76 | | | | 16,479 | | |
Axon Enterprise, Inc.* (Aerospace &
Defense) | | | 67 | | | | 20,101 | | |
Baker Hughes Co. (Energy Equipment &
Services) | | | 938 | | | | 36,319 | | |
Ball Corp. (Containers & Packaging) | | | 292 | | | | 18,638 | | |
Bank of America Corp. (Banks) | | | 6,394 | | | | 257,742 | | |
Bath & Body Works, Inc. (Specialty
Retail) | | | 210 | | | | 7,718 | | |
Baxter International, Inc. (Health Care
Equipment & Supplies) | | | 479 | | | | 17,158 | | |
Becton, Dickinson & Co. (Health Care
Equipment & Supplies) | | | 272 | | | | 65,568 | | |
Berkshire Hathaway, Inc.*—Class B
(Financial Services) | | | 1,701 | | | | 745,888 | | |
Best Buy Co., Inc. (Specialty Retail) | | | 181 | | | | 15,660 | | |
Biogen, Inc.* (Biotechnology) | | | 137 | | | | 29,208 | | |
Bio-Rad Laboratories, Inc.*—Class A
(Life Sciences Tools & Services) | | | 19 | | | | 6,429 | | |
Bio-Techne Corp. (Life Sciences Tools &
Services) | | | 148 | | | | 12,075 | | |
BlackRock, Inc. (Capital Markets) | | | 131 | | | | 114,822 | | |
Blackstone, Inc. (Capital Markets) | | | 672 | | | | 95,525 | | |
Booking Holdings, Inc. (Hotels,
Restaurants & Leisure) | | | 32 | | | | 118,880 | | |
BorgWarner, Inc. (Automobile
Components) | | | 214 | | | | 7,556 | | |
Boston Scientific Corp.* (Health Care
Equipment & Supplies) | | | 1,382 | | | | 102,102 | | |
Bristol-Myers Squibb Co.
(Pharmaceuticals) | | | 1,905 | | | | 90,602 | | |
Broadcom, Inc. (Semiconductors &
Semiconductor Equipment) | | | 4,090 | | | | 657,181 | | |
Broadridge Financial Solutions, Inc.
(Professional Services) | | | 111 | | | | 23,754 | | |
Brown & Brown, Inc. (Insurance) | | | 223 | | | | 22,173 | | |
Brown-Forman Corp.—Class B
(Beverages) | | | 168 | | | | 7,587 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Bull ProFund :: 11
Common Stocks, continued
| | | Shares | | Value | |
Builders FirstSource, Inc.* (Building
Products) | | | 115 | | | $ | 19,248 | | |
Bunge Global SA (Food Products) | | | 133 | | | | 13,996 | | |
BXP, Inc. (Office REITs) | | | 136 | | | | 9,698 | | |
C.H. Robinson Worldwide, Inc. (Air
Freight & Logistics) | | | 110 | | | | 9,796 | | |
Cadence Design Systems, Inc.*
(Software) | | | 256 | | | | 68,521 | | |
Caesars Entertainment, Inc.* (Hotels,
Restaurants & Leisure) | | | 203 | | | | 8,110 | | |
Camden Property Trust (Residential
REITs) | | | 100 | | | | 11,075 | | |
Campbell Soup Co. (Food Products) | | | 185 | | | | 8,669 | | |
Capital One Financial Corp.
(Consumer Finance) | | | 359 | | | | 54,353 | | |
Cardinal Health, Inc. (Health Care
Providers & Services) | | | 229 | | | | 23,090 | | |
CarMax, Inc.* (Specialty Retail) | | | 148 | | | | 12,497 | | |
Carnival Corp.* (Hotels, Restaurants &
Leisure) | | | 949 | | | | 15,810 | | |
Carrier Global Corp. (Building
Products) | | | 787 | | | | 53,603 | | |
Catalent, Inc.* (Pharmaceuticals) | | | 170 | | | | 10,088 | | |
Caterpillar, Inc. (Machinery) | | | 460 | | | | 159,252 | | |
Cboe Global Markets, Inc. (Capital
Markets) | | | 99 | | | | 18,167 | | |
CBRE Group, Inc.*—Class A (Real
Estate Management & Development) | | | 283 | | | | 31,897 | | |
CDW Corp. (Electronic Equipment,
Instruments & Components) | | | 126 | | | | 27,482 | | |
Celanese Corp. (Chemicals) | | | 94 | | | | 13,268 | | |
Cencora, Inc. (Health Care Providers &
Services) | | | 156 | | | | 37,109 | | |
Centene Corp.* (Health Care
Providers & Services) | | | 502 | | | | 38,614 | | |
CenterPoint Energy, Inc.
(Multi-Utilities) | | | 601 | | | | 16,678 | | |
CF Industries Holdings, Inc. (Chemicals) | | | 172 | | | | 13,139 | | |
Charles River Laboratories
International, Inc.* (Life Sciences
Tools & Services) | | | 48 | | | | 11,717 | | |
Charter Communications, Inc.*—Class A
(Media) | | | 92 | | | | 34,935 | | |
Chevron Corp. (Oil, Gas & Consumable
Fuels) | | | 1,611 | | | | 258,517 | | |
Chipotle Mexican Grill, Inc.* (Hotels,
Restaurants & Leisure) | | | 1,300 | | | | 70,616 | | |
Chubb, Ltd. (Insurance) | | | 382 | | | | 105,301 | | |
Church & Dwight Co., Inc.
(Household Products) | | | 230 | | | | 22,542 | | |
Cincinnati Financial Corp. (Insurance) | | | 147 | | | | 19,201 | | |
Cintas Corp. (Commercial Services &
Supplies) | | | 81 | | | | 61,880 | | |
Cisco Systems, Inc. (Communications
Equipment) | | | 3,805 | | | | 184,353 | | |
Citigroup, Inc. (Banks) | | | 1,793 | | | | 116,330 | | |
Citizens Financial Group, Inc. (Banks) | | | 428 | | | | 18,263 | | |
CME Group, Inc. (Capital Markets) | | | 338 | | | | 65,474 | | |
CMS Energy Corp. (Multi-Utilities) | | | 281 | | | | 18,209 | | |
Common Stocks, continued
| | | Shares | | Value | |
Cognizant Technology Solutions
Corp.—Class A (IT Services) | | | 467 | | | $ | 35,343 | | |
Colgate-Palmolive Co. (Household
Products) | | | 771 | | | | 76,475 | | |
Comcast Corp.—Class A (Media) | | | 3,679 | | | | 151,833 | | |
Conagra Brands, Inc. (Food Products) | | | 449 | | | | 13,614 | | |
ConocoPhillips (Oil, Gas & Consumable
Fuels) | | | 1,099 | | | | 122,209 | | |
Consolidated Edison, Inc. (Multi-Utilities) | | | 325 | | | | 31,694 | | |
Constellation Brands, Inc.—Class A
(Beverages) | | | 151 | | | | 37,019 | | |
Constellation Energy Corp. (Electric
Utilities) | | | 296 | | | | 56,181 | | |
Copart, Inc.* (Commercial Services &
Supplies) | | | 822 | | | | 43,015 | | |
Corning, Inc. (Electronic Equipment,
Instruments & Components) | | | 725 | | | | 29,007 | | |
Corpay, Inc.* (Software) | | | 66 | | | | 19,260 | | |
Corteva, Inc. (Chemicals) | | | 655 | | | | 36,746 | | |
CoStar Group, Inc.* (Real Estate
Management & Development) | | | 384 | | | | 29,960 | | |
Costco Wholesale Corp. (Consumer
Staples Distribution & Retail) | | | 417 | | | | 342,774 | | |
Coterra Energy, Inc. (Oil, Gas &
Consumable Fuels) | | | 699 | | | | 18,034 | | |
Crowdstrike Holdings, Inc.*—Class A
(Software) | | | 217 | | | | 50,335 | | |
Crown Castle, Inc. (Specialized REITs) | | | 408 | | | | 44,913 | | |
CSX Corp. (Ground Transportation) | | | 1,837 | | | | 64,479 | | |
Cummins, Inc. (Machinery) | | | 129 | | | | 37,642 | | |
CVS Health Corp. (Health Care
Providers & Services) | | | 1,180 | | | | 71,189 | | |
D.R. Horton, Inc. (Household
Durables) | | | 279 | | | | 50,200 | | |
Danaher Corp. (Life Sciences Tools &
Services) | | | 620 | | | | 171,790 | | |
Darden Restaurants, Inc. (Hotels,
Restaurants & Leisure) | | | 112 | | | | 16,384 | | |
DaVita, Inc.* (Health Care Providers &
Services) | | | 49 | | | | 6,694 | | |
Dayforce, Inc.* (Professional Services) | | | 148 | | | | 8,773 | | |
Deckers Outdoor Corp.* (Textiles,
Apparel & Luxury Goods) | | | 24 | | | | 22,143 | | |
Deere & Co. (Machinery) | | | 243 | | | | 90,391 | | |
Delta Air Lines, Inc. (Passenger
Airlines) | | | 606 | | | | 26,070 | | |
Devon Energy Corp. (Oil, Gas &
Consumable Fuels) | | | 594 | | | | 27,936 | | |
Dexcom, Inc.* (Health Care
Equipment & Supplies) | | | 374 | | | | 25,365 | | |
Diamondback Energy, Inc. (Oil, Gas &
Consumable Fuels) | | | 168 | | | | 33,988 | | |
Digital Realty Trust, Inc. (Specialized
REITs) | | | 305 | | | | 45,594 | | |
Discover Financial Services
(Consumer Finance) | | | 236 | | | | 33,982 | | |
Dollar General Corp. (Consumer
Staples Distribution & Retail) | | | 206 | | | | 24,800 | | |
Dollar Tree, Inc.* (Consumer Staples
Distribution & Retail) | | | 195 | | | | 20,346 | | |
See accompanying notes to the financial statements.
12 :: Bull ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Dominion Energy, Inc. (Multi-Utilities) | | | 788 | | | $ | 42,126 | | |
Domino's Pizza, Inc. (Hotels,
Restaurants & Leisure) | | | 33 | | | | 14,147 | | |
Dover Corp. (Machinery) | | | 129 | | | | 23,770 | | |
Dow, Inc. (Chemicals) | | | 661 | | | | 36,005 | | |
DTE Energy Co. (Multi-Utilities) | | | 194 | | | | 23,383 | | |
Duke Energy Corp. (Electric Utilities) | | | 725 | | | | 79,221 | | |
DuPont de Nemours, Inc. (Chemicals) | | | 393 | | | | 32,894 | | |
Eastman Chemical Co. (Chemicals) | | | 111 | | | | 11,470 | | |
Eaton Corp. PLC (Electrical Equipment) | | | 376 | | | | 114,600 | | |
eBay, Inc. (Broadline Retail) | | | 476 | | | | 26,471 | | |
Ecolab, Inc. (Chemicals) | | | 239 | | | | 55,135 | | |
Edison International (Electric Utilities) | | | 362 | | | | 28,964 | | |
Edwards Lifesciences Corp.* (Health
Care Equipment & Supplies) | | | 566 | | | | 35,686 | | |
Electronic Arts, Inc. (Entertainment) | | | 229 | | | | 34,565 | | |
Elevance Health, Inc. (Health Care
Providers & Services) | | | 218 | | | | 115,983 | | |
Eli Lilly & Co. (Pharmaceuticals) | | | 750 | | | | 603,202 | | |
Emerson Electric Co. (Electrical
Equipment) | | | 538 | | | | 63,005 | | |
Enphase Energy, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 128 | | | | 14,734 | | |
Entergy Corp. (Electric Utilities) | | | 201 | | | | 23,310 | | |
EOG Resources, Inc. (Oil, Gas &
Consumable Fuels) | | | 540 | | | | 68,472 | | |
EPAM Systems, Inc.* (IT Services) | | | 54 | | | | 11,617 | | |
EQT Corp. (Oil, Gas & Consumable Fuels) | | | 561 | | | | 19,360 | | |
Equifax, Inc. (Professional Services) | | | 116 | | | | 32,407 | | |
Equinix, Inc. (Specialized REITs) | | | 89 | | | | 70,331 | | |
Equity Residential (Residential REITs) | | | 324 | | | | 22,560 | | |
Essex Property Trust, Inc. (Residential
REITs) | | | 60 | | | | 16,702 | | |
Etsy, Inc.* (Broadline Retail) | | | 110 | | | | 7,165 | | |
Everest Group, Ltd. (Insurance) | | | 41 | | | | 16,108 | | |
Evergy, Inc. (Electric Utilities) | | | 216 | | | | 12,528 | | |
Eversource Energy (Electric Utilities) | | | 331 | | | | 21,485 | | |
Exelon Corp. (Electric Utilities) | | | 940 | | | | 34,968 | | |
Expedia Group, Inc.* (Hotels,
Restaurants & Leisure) | | | 119 | | | | 15,193 | | |
Expeditors International of Washington,
Inc. (Air Freight & Logistics) | | | 133 | | | | 16,601 | | |
Extra Space Storage, Inc. (Specialized
REITs) | | | 199 | | | | 31,764 | | |
Exxon Mobil Corp. (Oil, Gas &
Consumable Fuels) | | | 4,216 | | | | 499,975 | | |
F5, Inc.* (Communications Equipment) | | | 55 | | | | 11,200 | | |
FactSet Research Systems, Inc.
(Capital Markets) | | | 36 | | | | 14,871 | | |
Fair Isaac Corp.* (Software) | | | 23 | | | | 36,800 | | |
Fastenal Co. (Trading Companies &
Distributors) | | | 538 | | | | 38,064 | | |
Federal Realty Investment Trust
(Retail REITs) | | | 70 | | | | 7,816 | | |
FedEx Corp. (Air Freight & Logistics) | | | 213 | | | | 64,379 | | |
Fidelity National Information Services,
Inc. (Financial Services) | | | 523 | | | | 40,182 | | |
Fifth Third Bancorp (Banks) | | | 643 | | | | 27,225 | | |
Common Stocks, continued
| | | Shares | | Value | |
First Horizon Corp. (Banks) | | | — | † | | $ | 6 | | |
First Solar, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 101 | | | | 21,815 | | |
FirstEnergy Corp. (Electric Utilities) | | | 487 | | | | 20,410 | | |
Fiserv, Inc.* (Financial Services) | | | 550 | | | | 89,964 | | |
FMC Corp. (Chemicals) | | | 117 | | | | 6,828 | | |
Ford Motor Co. (Automobiles) | | | 3,685 | | | | 39,872 | | |
Fortinet, Inc.* (Software) | | | 596 | | | | 34,592 | | |
Fortive Corp. (Machinery) | | | 331 | | | | 23,782 | | |
Fox Corp.—Class A (Media) | | | 217 | | | | 8,255 | | |
Fox Corp.—Class B (Media) | | | 124 | | | | 4,393 | | |
Franklin Resources, Inc. (Capital Markets) | | | 282 | | | | 6,449 | | |
Freeport-McMoRan, Inc. (Metals &
Mining) | | | 1,350 | | | | 61,303 | | |
Garmin, Ltd. (Household Durables) | | | 144 | | | | 24,660 | | |
Gartner, Inc.* (IT Services) | | | 73 | | | | 36,587 | | |
GE HealthCare Technologies, Inc.
(Health Care Equipment & Supplies) | | | 399 | | | | 33,767 | | |
GE Vernova, Inc.* (Electrical Equipment) | | | 258 | | | | 45,986 | | |
Gen Digital, Inc. (Software) | | | 518 | | | | 13,463 | | |
Generac Holdings, Inc.* (Electrical
Equipment) | | | 57 | | | | 8,874 | | |
General Dynamics Corp. (Aerospace &
Defense) | | | 214 | | | | 63,924 | | |
General Electric Co. (Industrial
Conglomerates) | | | 1,029 | | | | 175,136 | | |
General Mills, Inc. (Food Products) | | | 531 | | | | 35,651 | | |
General Motors Co. (Automobiles) | | | 1,072 | | | | 47,511 | | |
Genuine Parts Co. (Distributors) | | | 131 | | | | 19,271 | | |
Gilead Sciences, Inc. (Biotechnology) | | | 1,171 | | | | 89,066 | | |
Global Payments, Inc. (Financial
Services) | | | 240 | | | | 24,394 | | |
Globe Life, Inc. (Insurance) | | | 79 | | | | 7,326 | | |
GoDaddy, Inc.*—Class A (IT Services) | | | 132 | | | | 19,199 | | |
Halliburton Co. (Energy Equipment &
Services) | | | 832 | | | | 28,854 | | |
Hasbro, Inc. (Leisure Products) | | | 123 | | | | 7,929 | | |
HCA Healthcare, Inc. (Health Care
Providers & Services) | | | 182 | | | | 66,075 | | |
Healthpeak Properties, Inc. (Health
Care REITs) | | | 661 | | | | 14,423 | | |
Henry Schein, Inc.* (Health Care
Providers & Services) | | | 120 | | | | 8,633 | | |
Hess Corp. (Oil, Gas & Consumable
Fuels) | | | 260 | | | | 39,889 | | |
Hewlett Packard Enterprise Co.
(Technology Hardware, Storage &
Peripherals) | | | 1,222 | | | | 24,330 | | |
Hilton Worldwide Holdings, Inc.
(Hotels, Restaurants & Leisure) | | | 235 | | | | 50,447 | | |
Hologic, Inc.* (Health Care
Equipment & Supplies) | | | 219 | | | | 17,873 | | |
Honeywell International, Inc.
(Industrial Conglomerates) | | | 612 | | | | 125,307 | | |
Hormel Foods Corp. (Food Products) | | | 273 | | | | 8,766 | | |
Host Hotels & Resorts, Inc. (Hotel &
Resort REITs) | | | 663 | | | | 11,609 | | |
Howmet Aerospace, Inc. (Aerospace &
Defense) | | | 364 | | | | 34,835 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Bull ProFund :: 13
Common Stocks, continued
| | | Shares | | Value | |
HP, Inc. (Technology Hardware,
Storage & Peripherals) | | | 811 | | | $ | 29,269 | | |
Hubbell, Inc. (Electrical Equipment) | | | 50 | | | | 19,783 | | |
Humana, Inc. (Health Care Providers &
Services) | | | 113 | | | | 40,862 | | |
Huntington Bancshares, Inc. (Banks) | | | 1,362 | | | | 20,362 | | |
Huntington Ingalls Industries, Inc.
(Aerospace & Defense) | | | 37 | | | | 10,359 | | |
IDEX Corp. (Machinery) | | | 71 | | | | 14,802 | | |
IDEXX Laboratories, Inc.* (Health Care
Equipment & Supplies) | | | 78 | | | | 37,137 | | |
Illinois Tool Works, Inc. (Machinery) | | | 255 | | | | 63,056 | | |
Incyte Corp.* (Biotechnology) | | | 175 | | | | 11,387 | | |
Ingersoll Rand, Inc. (Machinery) | | | 379 | | | | 38,052 | | |
Insulet Corp.* (Health Care
Equipment & Supplies) | | | 66 | | | | 12,827 | | |
Intel Corp. (Semiconductors &
Semiconductor Equipment) | | | 4,001 | | | | 122,991 | | |
Intercontinental Exchange, Inc.
(Capital Markets) | | | 539 | | | | 81,691 | | |
International Business Machines Corp.
(IT Services) | | | 863 | | | | 165,817 | | |
International Flavors & Fragrances, Inc.
(Chemicals) | | | 240 | | | | 23,875 | | |
International Paper Co. (Containers &
Packaging) | | | 326 | | | | 15,152 | | |
Intuit, Inc. (Software) | | | 263 | | | | 170,253 | | |
Intuitive Surgical, Inc.* (Health Care
Equipment & Supplies) | | | 333 | | | | 148,055 | | |
Invesco, Ltd. (Capital Markets) | | | 423 | | | | 7,301 | | |
Invitation Homes, Inc. (Residential REITs) | | | 541 | | | | 19,081 | | |
IQVIA Holdings, Inc.* (Life Sciences
Tools & Services) | | | 171 | | | | 42,105 | | |
Iron Mountain, Inc. (Specialized REITs) | | | 275 | | | | 28,204 | | |
J.B. Hunt Transport Services, Inc.
(Ground Transportation) | | | 77 | | | | 13,333 | | |
Jabil, Inc. (Electronic Equipment,
Instruments & Components) | | | 113 | | | | 12,732 | | |
Jack Henry & Associates, Inc.
(Financial Services) | | | 69 | | | | 11,832 | | |
Jacobs Solutions, Inc. (Professional
Services) | | | 118 | | | | 17,269 | | |
Johnson & Johnson (Pharmaceuticals) | | | 2,262 | | | | 357,056 | | |
Johnson Controls International PLC
(Building Products) | | | 633 | | | | 45,285 | | |
JPMorgan Chase & Co. (Banks) | | | 2,699 | | | | 574,346 | | |
Juniper Networks, Inc.
(Communications Equipment) | | | 305 | | | | 11,495 | | |
Kellanova (Food Products) | | | 247 | | | | 14,363 | | |
Kenvue, Inc. (Personal Care Products) | | | 1,800 | | | | 33,282 | | |
Keurig Dr Pepper, Inc. (Beverages) | | | 981 | | | | 33,629 | | |
KeyCorp (Banks) | | | 886 | | | | 14,291 | | |
Keysight Technologies, Inc.*
(Electronic Equipment, Instruments &
Components) | | | 164 | | | | 22,889 | | |
Kimberly-Clark Corp. (Household
Products) | | | 316 | | | | 42,676 | | |
Kimco Realty Corp. (Retail REITs) | | | 627 | | | | 13,625 | | |
Kinder Morgan, Inc. (Oil, Gas &
Consumable Fuels) | | | 1,815 | | | | 38,351 | | |
Common Stocks, continued
| | | Shares | | Value | |
KKR & Co., Inc. (Capital Markets) | | | 625 | | | $ | 77,156 | | |
KLA Corp. (Semiconductors &
Semiconductor Equipment) | | | 127 | | | | 104,530 | | |
L3Harris Technologies, Inc. (Aerospace &
Defense) | | | 178 | | | | 40,386 | | |
Labcorp Holdings, Inc. (Health Care
Providers & Services) | | | 79 | | | | 17,020 | | |
Lam Research Corp. (Semiconductors &
Semiconductor Equipment) | | | 123 | | | | 113,313 | | |
Lamb Weston Holdings, Inc. (Food
Products) | | | 136 | | | | 8,163 | | |
Las Vegas Sands Corp. (Hotels,
Restaurants & Leisure) | | | 343 | | | | 13,607 | | |
Leidos Holdings, Inc. (Professional
Services) | | | 127 | | | | 18,339 | | |
Lennar Corp.—Class A (Household
Durables) | | | 230 | | | | 40,694 | | |
Linde PLC (Chemicals) | | | 452 | | | | 204,981 | | |
Live Nation Entertainment, Inc.*
(Entertainment) | | | 134 | | | | 12,889 | | |
LKQ Corp. (Distributors) | | | 251 | | | | 10,417 | | |
Lockheed Martin Corp. (Aerospace &
Defense) | | | 201 | | | | 108,926 | | |
Loews Corp. (Insurance) | | | 171 | | | | 13,671 | | |
Lowe's Cos., Inc. (Specialty Retail) | | | 538 | | | | 132,084 | | |
Lululemon Athletica, Inc.* (Textiles,
Apparel & Luxury Goods) | | | 108 | | | | 27,935 | | |
LyondellBasell Industries N.V.—Class A
(Chemicals) | | | 242 | | | | 24,069 | | |
M&T Bank Corp. (Banks) | | | 157 | | | | 27,031 | | |
Marathon Oil Corp. (Oil, Gas &
Consumable Fuels) | | | 530 | | | | 14,867 | | |
Marathon Petroleum Corp. (Oil, Gas &
Consumable Fuels) | | | 331 | | | | 58,594 | | |
MarketAxess Holdings, Inc. (Capital
Markets) | | | 36 | | | | 8,047 | | |
Marriott International, Inc.—Class A
(Hotels, Restaurants & Leisure) | | | 226 | | | | 51,281 | | |
Marsh & McLennan Cos., Inc.
(Insurance) | | | 463 | | | | 103,050 | | |
Martin Marietta Materials, Inc.
(Construction Materials) | | | 58 | | | | 34,415 | | |
Masco Corp. (Building Products) | | | 207 | | | | 16,115 | | |
Mastercard, Inc.—Class A (Financial
Services) | | | 772 | | | | 357,984 | | |
Match Group, Inc.* (Interactive Media &
Services) | | | 250 | | | | 9,535 | | |
McCormick & Co., Inc. (Food Products) | | | 237 | | | | 18,251 | | |
McDonald's Corp. (Hotels, Restaurants &
Leisure) | | | 677 | | | | 179,676 | | |
McKesson Corp. (Health Care
Providers & Services) | | | 122 | | | | 75,276 | | |
Medtronic PLC (Health Care
Equipment & Supplies) | | | 1,248 | | | | 100,239 | | |
Merck & Co., Inc. (Pharmaceuticals) | | | 2,380 | | | | 269,249 | | |
Meta Platforms, Inc.—Class A
(Interactive Media & Services) | | | 2,059 | | | | 977,674 | | |
MetLife, Inc. (Insurance) | | | 561 | | | | 43,113 | | |
Mettler-Toledo International, Inc.*
(Life Sciences Tools & Services) | | | 20 | | | | 30,421 | | |
See accompanying notes to the financial statements.
14 :: Bull ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
MGM Resorts International* (Hotels,
Restaurants & Leisure) | | | 236 | | | $ | 10,141 | | |
Microchip Technology, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 508 | | | | 45,100 | | |
Micron Technology, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 1,041 | | | | 114,323 | | |
Microsoft Corp. (Software) | | | 6,985 | | | | 2,922,174 | | |
Mid-America Apartment
Communities, Inc. (Residential REITs) | | | 110 | | | | 15,375 | | |
Moderna, Inc.* (Biotechnology) | | | 313 | | | | 37,316 | | |
Mohawk Industries, Inc.* (Household
Durables) | | | 50 | | | | 8,054 | | |
Molina Healthcare, Inc.* (Health Care
Providers & Services) | | | 55 | | | | 18,770 | | |
Molson Coors Beverage Co.—Class B
(Beverages) | | | 171 | | | | 9,037 | | |
Mondelez International, Inc.—Class A
(Food Products) | | | 1,261 | | | | 86,189 | | |
Monolithic Power Systems, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 46 | | | | 39,702 | | |
Monster Beverage Corp.* (Beverages) | | | 667 | | | | 34,317 | | |
Moody's Corp. (Capital Markets) | | | 148 | | | | 67,559 | | |
Morgan Stanley (Capital Markets) | | | 1,176 | | | | 121,375 | | |
Motorola Solutions, Inc.
(Communications Equipment) | | | 157 | | | | 62,630 | | |
MSCI, Inc. (Capital Markets) | | | 74 | | | | 40,016 | | |
Nasdaq, Inc. (Capital Markets) | | | 389 | | | | 26,328 | | |
NetApp, Inc. (Technology Hardware,
Storage & Peripherals) | | | 194 | | | | 24,634 | | |
Netflix, Inc.* (Entertainment) | | | 405 | | | | 254,483 | | |
Newmont Corp. (Metals & Mining) | | | 1,084 | | | | 53,191 | | |
News Corp.—Class A (Media) | | | 356 | | | | 9,818 | | |
News Corp.—Class B (Media) | | | 108 | | | | 3,077 | | |
NextEra Energy, Inc. (Electric Utilities) | | | 1,931 | | | | 147,509 | | |
NIKE, Inc.—Class B (Textiles, Apparel &
Luxury Goods) | | | 1,139 | | | | 85,266 | | |
NiSource, Inc. (Multi-Utilities) | | | 421 | | | | 13,156 | | |
Nordson Corp. (Machinery) | | | 51 | | | | 12,767 | | |
Norfolk Southern Corp. (Ground
Transportation) | | | 212 | | | | 52,907 | | |
Northern Trust Corp. (Capital Markets) | | | 192 | | | | 17,021 | | |
Northrop Grumman Corp. (Aerospace &
Defense) | | | 131 | | | | 63,446 | | |
Norwegian Cruise Line Holdings, Ltd.*
(Hotels, Restaurants & Leisure) | | | 403 | | | | 7,427 | | |
NRG Energy, Inc. (Electric Utilities) | | | 196 | | | | 14,733 | | |
Nucor Corp. (Metals & Mining) | | | 225 | | | | 36,662 | | |
NVIDIA Corp. (Semiconductors &
Semiconductor Equipment) | | | 23,117 | | | | 2,705,151 | | |
NVR, Inc.* (Household Durables) | | | 3 | | | | 25,822 | | |
NXP Semiconductors N.V.
(Semiconductors & Semiconductor
Equipment) | | | 240 | | | | 63,158 | | |
Occidental Petroleum Corp. (Oil, Gas &
Consumable Fuels) | | | 625 | | | | 38,013 | | |
Old Dominion Freight Line, Inc.
(Ground Transportation) | | | 167 | | | | 35,100 | | |
Omnicom Group, Inc. (Media) | | | 184 | | | | 18,039 | | |
Common Stocks, continued
| | | Shares | | Value | |
ON Semiconductor Corp.*
(Semiconductors & Semiconductor
Equipment) | | | 404 | | | $ | 31,613 | | |
ONEOK, Inc. (Oil, Gas & Consumable
Fuels) | | | 549 | | | | 45,748 | | |
Oracle Corp. (Software) | | | 1,498 | | | | 208,896 | | |
O'Reilly Automotive, Inc.* (Specialty
Retail) | | | 55 | | | | 61,949 | | |
Otis Worldwide Corp. (Machinery) | | | 380 | | | | 35,910 | | |
PACCAR, Inc. (Machinery) | | | 493 | | | | 48,639 | | |
Packaging Corp. of America
(Containers & Packaging) | | | 84 | | | | 16,789 | | |
Palo Alto Networks, Inc.* (Software) | | | 304 | | | | 98,718 | | |
Paramount Global—Class B (Media) | | | 465 | | | | 5,310 | | |
Parker-Hannifin Corp. (Machinery) | | | 121 | | | | 67,900 | | |
Paychex, Inc. (Professional Services) | | | 301 | | | | 38,534 | | |
Paycom Software, Inc. (Professional
Services) | | | 45 | | | | 7,506 | | |
PayPal Holdings, Inc.* (Financial Services) | | | 983 | | | | 64,662 | | |
Pentair PLC (Machinery) | | | 156 | | | | 13,708 | | |
PepsiCo, Inc. (Beverages) | | | 1,292 | | | | 223,090 | | |
Pfizer, Inc. (Pharmaceuticals) | | | 5,325 | | | | 162,626 | | |
PG&E Corp. (Electric Utilities) | | | 2,008 | | | | 36,646 | | |
Philip Morris International, Inc. (Tobacco) | | | 1,461 | | | | 168,249 | | |
Phillips 66 (Oil, Gas & Consumable Fuels) | | | 398 | | | | 57,901 | | |
Pinnacle West Capital Corp. (Electric
Utilities) | | | 107 | | | | 9,158 | | |
Pool Corp. (Distributors) | | | 36 | | | | 13,465 | | |
PPG Industries, Inc. (Chemicals) | | | 221 | | | | 28,063 | | |
PPL Corp. (Electric Utilities) | | | 693 | | | | 20,596 | | |
Principal Financial Group, Inc. (Insurance) | | | 203 | | | | 16,547 | | |
Prologis, Inc. (Industrial REITs) | | | 870 | | | | 109,664 | | |
Prudential Financial, Inc. (Insurance) | | | 337 | | | | 42,233 | | |
PTC, Inc.* (Software) | | | 113 | | | | 20,097 | | |
Public Service Enterprise Group, Inc.
(Multi-Utilities) | | | 468 | | | | 37,332 | | |
Public Storage (Specialized REITs) | | | 149 | | | | 44,092 | | |
PulteGroup, Inc. (Household Durables) | | | 198 | | | | 26,136 | | |
Qorvo, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 91 | | | | 10,902 | | |
QUALCOMM, Inc. (Semiconductors &
Semiconductor Equipment) | | | 1,051 | | | | 190,178 | | |
Quanta Services, Inc. (Construction &
Engineering) | | | 138 | | | | 36,622 | | |
Quest Diagnostics, Inc. (Health Care
Providers & Services) | | | 104 | | | | 14,799 | | |
Ralph Lauren Corp. (Textiles, Apparel &
Luxury Goods) | | | 37 | | | | 6,497 | | |
Raymond James Financial, Inc.
(Capital Markets) | | | 175 | | | | 20,300 | | |
Realty Income Corp. (Retail REITs) | | | 818 | | | | 46,977 | | |
Regency Centers Corp. (Retail REITs) | | | 155 | | | | 10,438 | | |
Regeneron Pharmaceuticals, Inc.*
(Biotechnology) | | | 100 | | | | 107,919 | | |
Regions Financial Corp. (Banks) | | | 861 | | | | 19,261 | | |
Republic Services, Inc. (Commercial
Services & Supplies) | | | 192 | | | | 37,309 | | |
ResMed, Inc. (Health Care Equipment &
Supplies) | | | 138 | | | | 29,429 | | |
Revvity, Inc. (Life Sciences Tools &
Services) | | | 116 | | | | 14,571 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Bull ProFund :: 15
Common Stocks, continued
| | | Shares | | Value | |
Rockwell Automation, Inc. (Electrical
Equipment) | | | 107 | | | $ | 29,816 | | |
Rollins, Inc. (Commercial Services &
Supplies) | | | 264 | | | | 12,648 | | |
Roper Technologies, Inc. (Software) | | | 101 | | | | 55,020 | | |
Ross Stores, Inc. (Specialty Retail) | | | 315 | | | | 45,117 | | |
Royal Caribbean Cruises, Ltd.*
(Hotels, Restaurants & Leisure) | | | 223 | | | | 34,949 | | |
RTX Corp. (Aerospace & Defense) | | | 1,250 | | | | 146,862 | | |
S&P Global, Inc. (Capital Markets) | | | 301 | | | | 145,904 | | |
Salesforce, Inc. (Software) | | | 913 | | | | 236,284 | | |
SBA Communications Corp. (Specialized
REITs) | | | 101 | | | | 22,174 | | |
Schlumberger N.V. (Energy Equipment &
Services) | | | 1,343 | | | | 64,854 | | |
Seagate Technology Holdings PLC
(Technology Hardware, Storage &
Peripherals) | | | 184 | | | | 18,799 | | |
Sempra (Multi-Utilities) | | | 595 | | | | 47,636 | | |
ServiceNow, Inc.* (Software) | | | 193 | | | | 157,177 | | |
Simon Property Group, Inc. (Retail REITs) | | | 306 | | | | 46,952 | | |
Skyworks Solutions, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 151 | | | | 17,157 | | |
Smurfit WestRock PLC* (Containers &
Packaging) | | | 485 | | | | 21,748 | | |
Snap-on, Inc. (Machinery) | | | 50 | | | | 14,352 | | |
Solventum Corp.* (Health Care
Providers & Services) | | | 130 | | | | 7,654 | | |
Southwest Airlines Co. (Passenger
Airlines) | | | 562 | | | | 15,140 | | |
Stanley Black & Decker, Inc. (Machinery) | | | 145 | | | | 15,315 | | |
Starbucks Corp. (Hotels, Restaurants &
Leisure) | | | 1,065 | | | | 83,017 | | |
State Street Corp. (Capital Markets) | | | 283 | | | | 24,047 | | |
Steel Dynamics, Inc. (Metals & Mining) | | | 139 | | | | 18,518 | | |
STERIS PLC (Health Care Equipment &
Supplies) | | | 93 | | | | 22,205 | | |
Stryker Corp. (Health Care Equipment &
Supplies) | | | 319 | | | | 104,457 | | |
Super Micro Computer, Inc.*
(Technology Hardware, Storage &
Peripherals) | | | 47 | | | | 32,978 | | |
Synchrony Financial (Consumer Finance) | | | 377 | | | | 19,148 | | |
Synopsys, Inc.* (Software) | | | 143 | | | | 79,840 | | |
Sysco Corp. (Consumer Staples
Distribution & Retail) | | | 468 | | | | 35,872 | | |
T. Rowe Price Group, Inc. (Capital
Markets) | | | 210 | | | | 23,984 | | |
Take-Two Interactive Software, Inc.*
(Entertainment) | | | 149 | | | | 22,429 | | |
Tapestry, Inc. (Textiles, Apparel &
Luxury Goods) | | | 216 | | | | 8,659 | | |
Targa Resources Corp. (Oil, Gas &
Consumable Fuels) | | | 208 | | | | 28,138 | | |
Target Corp. (Consumer Staples
Distribution & Retail) | | | 435 | | | | 65,428 | | |
TE Connectivity, Ltd. (Electronic
Equipment, Instruments &
Components) | | | 288 | | | | 44,447 | | |
Common Stocks, continued
| | | Shares | | Value | |
Teledyne Technologies, Inc.*
(Electronic Equipment, Instruments &
Components) | | | 45 | | | $ | 18,984 | | |
Teleflex, Inc. (Health Care Equipment &
Supplies) | | | 44 | | | | 9,720 | | |
Teradyne, Inc. (Semiconductors &
Semiconductor Equipment) | | | 147 | | | | 19,281 | | |
Tesla, Inc.* (Automobiles) | | | 2,608 | | | | 605,238 | | |
Texas Instruments, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 856 | | | | 174,461 | | |
Textron, Inc. (Aerospace & Defense) | | | 179 | | | | 16,629 | | |
The AES Corp. (Independent Power
and Renewable Electricity Producers) | | | 668 | | | | 11,884 | | |
The Allstate Corp. (Insurance) | | | 248 | | | | 42,438 | | |
The Bank of New York Mellon Corp.
(Capital Markets) | | | 703 | | | | 45,744 | | |
The Boeing Co.* (Aerospace & Defense) | | | 542 | | | | 103,305 | | |
The Charles Schwab Corp. (Capital
Markets) | | | 1,403 | | | | 91,462 | | |
The Cigna Group (Health Care
Providers & Services) | | | 267 | | | | 93,095 | | |
The Clorox Co. (Household Products) | | | 117 | | | | 15,436 | | |
The Coca-Cola Co. (Beverages) | | | 3,644 | | | | 243,200 | | |
The Cooper Cos., Inc.* (Health Care
Equipment & Supplies) | | | 187 | | | | 17,453 | | |
The Estee Lauder Cos., Inc. (Personal
Care Products) | | | 219 | | | | 21,815 | | |
The Goldman Sachs Group, Inc.
(Capital Markets) | | | 303 | | | | 154,235 | | |
The Hartford Financial Services
Group, Inc. (Insurance) | | | 278 | | | | 30,836 | | |
The Hershey Co. (Food Products) | | | 139 | | | | 27,450 | | |
The Home Depot, Inc. (Specialty Retail) | | | 931 | | | | 342,758 | | |
The Interpublic Group of Cos., Inc.
(Media) | | | 355 | | | | 11,420 | | |
The J M Smucker Co. (Food Products) | | | 100 | | | | 11,795 | | |
The Kraft Heinz Co. (Food Products) | | | 742 | | | | 26,126 | | |
The Kroger Co. (Consumer Staples
Distribution & Retail) | | | 629 | | | | 34,281 | | |
The Mosaic Co. (Chemicals) | | | 302 | | | | 8,991 | | |
The PNC Financial Services Group, Inc.
(Banks) | | | 374 | | | | 67,731 | | |
The Procter & Gamble Co. (Household
Products) | | | 2,218 | | | | 356,566 | | |
The Progressive Corp. (Insurance) | | | 550 | | | | 117,765 | | |
The Sherwin-Williams Co. (Chemicals) | | | 219 | | | | 76,824 | | |
The Southern Co. (Electric Utilities) | | | 1,028 | | | | 85,859 | | |
The TJX Cos., Inc. (Specialty Retail) | | | 1,064 | | | | 120,253 | | |
The Travelers Cos., Inc. (Insurance) | | | 215 | | | | 46,535 | | |
The Walt Disney Co. (Entertainment) | | | 1,713 | | | | 160,491 | | |
The Williams Cos., Inc. (Oil, Gas &
Consumable Fuels) | | | 1,145 | | | | 49,166 | | |
Thermo Fisher Scientific, Inc. (Life
Sciences Tools & Services) | | | 359 | | | | 220,188 | | |
T-Mobile U.S., Inc. (Wireless
Telecommunication Services) | | | 485 | | | | 88,406 | | |
Tractor Supply Co. (Specialty Retail) | | | 101 | | | | 26,595 | | |
Trane Technologies PLC (Building
Products) | | | 213 | | | | 71,201 | | |
See accompanying notes to the financial statements.
16 :: Bull ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
TransDigm Group, Inc. (Aerospace &
Defense) | | | 53 | | | $ | 68,594 | | |
Trimble, Inc.* (Electronic Equipment,
Instruments & Components) | | | 230 | | | | 12,544 | | |
Truist Financial Corp. (Banks) | | | 1,258 | | | | 56,220 | | |
Tyler Technologies, Inc.* (Software) | | | 40 | | | | 22,724 | | |
Tyson Foods, Inc.—Class A (Food
Products) | | | 269 | | | | 16,382 | | |
U.S. Bancorp (Banks) | | | 1,467 | | | | 65,839 | | |
Uber Technologies, Inc.* (Ground
Transportation) | | | 1,964 | | | | 126,619 | | |
UDR, Inc. (Residential REITs) | | | 285 | | | | 11,420 | | |
Ulta Beauty, Inc.* (Specialty Retail) | | | 45 | | | | 16,420 | | |
Union Pacific Corp. (Ground
Transportation) | | | 573 | | | | 141,375 | | |
United Airlines Holdings, Inc.*
(Passenger Airlines) | | | 309 | | | | 14,035 | | |
United Parcel Service, Inc.—Class B
(Air Freight & Logistics) | | | 685 | | | | 89,303 | | |
United Rentals, Inc. (Trading
Companies & Distributors) | | | 63 | | | | 47,697 | | |
UnitedHealth Group, Inc. (Health Care
Providers & Services) | | | 865 | | | | 498,379 | | |
Universal Health Services, Inc.—Class B
(Health Care Providers & Services) | | | 56 | | | | 11,971 | | |
Valero Energy Corp. (Oil, Gas &
Consumable Fuels) | | | 307 | | | | 49,648 | | |
Ventas, Inc. (Health Care REITs) | | | 380 | | | | 20,687 | | |
Veralto Corp. (Commercial Services &
Supplies) | | | 206 | | | | 21,951 | | |
VeriSign, Inc.* (IT Services) | | | 81 | | | | 15,148 | | |
Verisk Analytics, Inc. (Professional
Services) | | | 134 | | | | 35,075 | | |
Verizon Communications, Inc.
(Diversified Telecommunication
Services) | | | 3,956 | | | | 160,297 | | |
Vertex Pharmaceuticals, Inc.*
(Biotechnology) | | | 243 | | | | 120,460 | | |
Viatris, Inc. (Pharmaceuticals) | | | 1,119 | | | | 13,495 | | |
VICI Properties, Inc. (Specialized REITs) | | | 980 | | | | 30,635 | | |
Visa, Inc.—Class A (Financial Services) | | | 1,479 | | | | 392,926 | | |
Vistra Corp. (Independent Power and
Renewable Electricity Producers) | | | 307 | | | | 24,320 | | |
Vulcan Materials Co. (Construction
Materials) | | | 124 | | | | 34,039 | | |
W.R. Berkley Corp. (Insurance) | | | 285 | | | | 15,712 | | |
W.W. Grainger, Inc. (Trading
Companies & Distributors) | | | 41 | | | | 40,049 | | |
Walgreens Boots Alliance, Inc.
(Consumer Staples Distribution &
Retail) | | | 673 | | | | 7,989 | | |
Walmart, Inc. (Consumer Staples
Distribution & Retail) | | | 4,014 | | | | 275,521 | | |
Warner Bros. Discovery, Inc.*
(Entertainment) | | | 2,096 | | | | 18,130 | | |
Waste Management, Inc.
(Commercial Services & Supplies) | | | 343 | | | | 69,513 | | |
Waters Corp.* (Life Sciences Tools &
Services) | | | 56 | | | | 18,832 | | |
Common Stocks, continued
| | | Shares | | Value | |
WEC Energy Group, Inc. (Multi-Utilities) | | | 297 | | | $ | 25,560 | | |
Wells Fargo & Co. (Banks) | | | 3,276 | | | | 194,398 | | |
Welltower, Inc. (Health Care REITs) | | | 562 | | | | 62,523 | | |
West Pharmaceutical Services, Inc.
(Life Sciences Tools & Services) | | | 68 | | | | 20,820 | | |
Western Digital Corp.* (Technology
Hardware, Storage & Peripherals) | | | 307 | | | | 20,584 | | |
Westinghouse Air Brake Technologies
Corp. (Machinery) | | | 166 | | | | 26,751 | | |
Weyerhaeuser Co. (Specialized REITs) | | | 685 | | | | 21,756 | | |
Willis Towers Watson PLC (Insurance) | | | 96 | | | | 27,099 | | |
Wynn Resorts, Ltd. (Hotels,
Restaurants & Leisure) | | | 89 | | | | 7,371 | | |
Xcel Energy, Inc. (Electric Utilities) | | | 522 | | | | 30,422 | | |
Xylem, Inc. (Machinery) | | | 228 | | | | 30,438 | | |
Yum! Brands, Inc. (Hotels, Restaurants &
Leisure) | | | 265 | | | | 35,200 | | |
Zebra Technologies Corp.* (Electronic
Equipment, Instruments &
Components) | | | 48 | | | | 16,857 | | |
Zimmer Biomet Holdings, Inc. (Health
Care Equipment & Supplies) | | | 193 | | | | 21,491 | | |
Zoetis, Inc. (Pharmaceuticals) | | | 429 | | | | 77,237 | | |
TOTAL COMMON STOCKS
(Cost $19,168,038) | | | | | 43,590,134 | | |
Repurchase Agreements(a)(b) (15.4%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $7,900,140 | | $ | 7,899,000 | | | $ | 7,899,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $7,899,000) | | | | | 7,899,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $27,067,038)—100.5% | | | | | 51,489,134 | | |
Net other assets (liabilities)—(0.5)% | | | | | (258,634 | ) | |
NET ASSETS—100.0% | | | | $ | 51,230,500 | | |
† 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, 2024, the aggregate amount held in a segregated account was $315,000.
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Bull ProFund :: 17
Futures Contracts Purchased
| | | Number
of
Contracts | | Expiration
Date | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
E-Mini S&P 500 Futures Contracts | | | 18 | | | 9/23/24 | | $ | 5,002,200 | | | $ | (46,773 | ) | |
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 | | 8/27/24 | | | 6.08 | % | | $ | 2,576,152 | | | $ | 32,171 | | |
S&P 500 | | UBS AG | | 8/27/24 | | | 5.93 | % | | | 55,223 | | | | 574 | | |
| | | | | | | | | $ | 2,631,375 | | | $ | 32,745 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
Bull ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Aerospace & Defense | | $ | 677,367 | | | | 1.3 | % | |
Air Freight & Logistics | | | 180,079 | | | | 0.4 | % | |
Automobile Components | | | 25,320 | | | | 0.1 | % | |
Automobiles | | | 692,621 | | | | 1.4 | % | |
Banks | | | 1,459,045 | | | | 2.9 | % | |
Beverages | | | 587,879 | | | | 1.1 | % | |
Biotechnology | | | 870,553 | | | | 1.7 | % | |
Broadline Retail | | | 1,642,786 | | | | 3.2 | % | |
Building Products | | | 226,365 | | | | 0.4 | % | |
Capital Markets | | | 1,307,475 | | | | 2.6 | % | |
Chemicals | | | 637,737 | | | | 1.2 | % | |
Commercial Services & Supplies | | | 246,316 | | | | 0.5 | % | |
Communications Equipment | | | 352,504 | | | | 0.7 | % | |
Construction & Engineering | | | 36,622 | | | | 0.1 | % | |
Construction Materials | | | 68,454 | | | | 0.1 | % | |
Consumer Finance | | | 242,605 | | | | 0.5 | % | |
Consumer Staples Distribution & Retail | | | 807,011 | | | | 1.6 | % | |
Containers & Packaging | | | 103,106 | | | | 0.2 | % | |
Distributors | | | 43,153 | | | | 0.1 | % | |
Diversified Telecommunication Services | | | 290,004 | | | | 0.6 | % | |
Electric Utilities | | | 683,973 | | | | 1.3 | % | |
Electrical Equipment | | | 319,883 | | | | 0.6 | % | |
Electronic Equipment, Instruments &
Components | | | 257,492 | | | | 0.5 | % | |
Energy Equipment & Services | | | 130,027 | | | | 0.3 | % | |
Entertainment | | | 502,987 | | | | 1.0 | % | |
Financial Services | | | 1,727,832 | | | | 3.4 | % | |
Food Products | | | 318,250 | | | | 0.6 | % | |
Gas Utilities | | | 18,159 | | | | NM | | |
Ground Transportation | | | 433,813 | | | | 0.8 | % | |
Health Care Equipment & Supplies | | | 989,048 | | | | 1.9 | % | |
Health Care Providers & Services | | | 1,145,213 | | | | 2.2 | % | |
Health Care REITs | | | 97,633 | | | | 0.2 | % | |
Hotel & Resort REITs | | | 11,609 | | | | NM | | |
Hotels, Restaurants & Leisure | | | 790,173 | | | | 1.5 | % | |
Household Durables | | | 175,566 | | | | 0.3 | % | |
Household Products | | | 513,695 | | | | 1.0 | % | |
Independent Power and Renewable
Electricity Producers | | | 36,204 | | | | 0.1 | % | |
Industrial Conglomerates | | | 366,769 | | | | 0.7 | % | |
| | | Value | | % of
Net Assets | |
Industrial REITs | | $ | 109,664 | | | | 0.3 | % | |
Insurance | | | 932,222 | | | | 1.8 | % | |
Interactive Media & Services | | | 2,729,389 | | | | 5.3 | % | |
IT Services | | | 493,161 | | | | 1.0 | % | |
Leisure Products | | | 7,929 | | | | NM | | |
Life Sciences Tools & Services | | | 587,833 | | | | 1.1 | % | |
Machinery | | | 716,527 | | | | 1.4 | % | |
Media | | | 247,080 | | | | 0.5 | % | |
Metals & Mining | | | 169,674 | | | | 0.3 | % | |
Multi-Utilities | | | 275,671 | | | | 0.5 | % | |
Office REITs | | | 27,057 | | | | 0.1 | % | |
Oil, Gas & Consumable Fuels | | | 1,479,348 | | | | 2.9 | % | |
Passenger Airlines | | | 61,810 | | | | 0.1 | % | |
Personal Care Products | | | 55,097 | | | | 0.1 | % | |
Pharmaceuticals | | | 1,583,556 | | | | 3.1 | % | |
Professional Services | | | 282,765 | | | | 0.6 | % | |
Real Estate Management &
Development | | | 61,857 | | | | 0.1 | % | |
Residential REITs | | | 123,467 | | | | 0.2 | % | |
Retail REITs | | | 125,808 | | | | 0.2 | % | |
Semiconductors & Semiconductor
Equipment | | | 4,938,605 | | | | 9.6 | % | |
Software | | | 4,501,869 | | | | 8.8 | % | |
Specialized REITs | | | 436,218 | | | | 0.9 | % | |
Specialty Retail | | | 831,190 | | | | 1.6 | % | |
Technology Hardware, Storage &
Peripherals | | | 3,158,890 | | | | 6.2 | % | |
Textiles, Apparel & Luxury Goods | | | 150,500 | | | | 0.3 | % | |
Tobacco | | | 247,351 | | | | 0.5 | % | |
Trading Companies & Distributors | | | 125,810 | | | | 0.2 | % | |
Water Utilities | | | 26,052 | | | | 0.1 | % | |
Wireless Telecommunication Services | | | 88,406 | | | | 0.2 | % | |
Other** | | | 7,640,366 | | | | 14.9 | % | |
Total | | $ | 51,230,500 | | | | 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%.
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
18 :: Communication Services UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (79.3%)
| | | Shares | | Value | |
Alphabet, Inc.—Class A (Interactive
Media & Services) | | | 5,220 | | | $ | 895,439 | | |
Alphabet, Inc.—Class C (Interactive
Media & Services) | | | 4,344 | | | | 752,164 | | |
AT&T, Inc. (Diversified Telecommunication
Services) | | | 18,833 | | | | 362,536 | | |
Charter Communications,
Inc.*—Class A (Media) | | | 1,098 | | | | 416,932 | | |
Comcast Corp.—Class A (Media) | | | 8,874 | | | | 366,230 | | |
Electronic Arts, Inc. (Entertainment) | | | 2,443 | | | | 368,747 | | |
Fox Corp.—Class A (Media) | | | 2,594 | | | | 98,676 | | |
Fox Corp.—Class B (Media) | | | 1,480 | | | | 52,436 | | |
Live Nation Entertainment, Inc.*
(Entertainment) | | | 1,597 | | | | 153,615 | | |
Match Group, Inc.* (Interactive Media &
Services) | | | 2,982 | | | | 113,733 | | |
Meta Platforms, Inc.—Class A
(Interactive Media & Services) | | | 3,367 | | | | 1,598,753 | | |
Netflix, Inc.* (Entertainment) | | | 496 | | | | 311,662 | | |
News Corp.—Class A (Media) | | | 4,254 | | | | 117,325 | | |
News Corp.—Class B (Media) | | | 1,285 | | | | 36,610 | | |
Omnicom Group, Inc. (Media) | | | 2,196 | | | | 215,296 | | |
Paramount Global—Class B (Media) | | | 5,545 | | | | 63,324 | | |
Take-Two Interactive Software, Inc.*
(Entertainment) | | | 1,780 | | | | 267,943 | | |
The Interpublic Group of Cos., Inc. (Media) | | | 4,235 | | | | 136,240 | | |
The Walt Disney Co. (Entertainment) | | | 3,323 | | | | 311,332 | | |
T-Mobile U.S., Inc. (Wireless
Telecommunication Services) | | | 1,887 | | | | 343,962 | | |
Verizon Communications, Inc. (Diversified
Telecommunication Services) | | | 8,374 | | | | 339,314 | | |
Warner Bros. Discovery, Inc.* (Entertainment) | | | 25,006 | | | | 216,302 | | |
TOTAL COMMON STOCKS
(Cost $4,988,585) | | | | | 7,538,571 | | |
Repurchase Agreements(a)(b) (20.2%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $1,916,277 | | $ | 1,916,000 | | | $ | 1,916,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $1,916,000) | | | | | 1,916,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $6,904,585)—99.5% | | | | | 9,454,571 | | |
Net other assets (liabilities)—0.5% | | | | | 45,685 | | |
NET ASSETS—100.0% | | | | $ | 9,500,256 | | |
* 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, 2024, the aggregate amount held in a segregated account was $782,000.
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 | | 8/23/24 | | | 6.08 | % | | $ | 3,898,289 | | | $ | 8,155 | | |
S&P Communication Services Select Sector Index | | UBS AG | | 8/23/24 | | | 5.68 | % | | | 2,809,028 | | | | (37,008 | ) | |
| | | | | | | | | $ | 6,707,317 | | | $ | (28,853 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Communication Services UltraSector ProFund :: 19
Communication Services UltraSector ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Diversified Telecommunication Services | | $ | 701,850 | | | | 7.4 | % | |
Entertainment | | | 1,629,601 | | | | 17.1 | % | |
Interactive Media & Services | | | 3,360,089 | | | | 35.4 | % | |
Media | | | 1,503,069 | | | | 15.8 | % | |
Wireless Telecommunication Services | | | 343,962 | | | | 3.6 | % | |
Other** | | | 1,961,685 | | | | 20.7 | % | |
Total | | $ | 9,500,256 | | | | 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.
20 :: Consumer Discretionary UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (78.6%)
| | | Shares | | Value | |
Airbnb, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 4,774 | | | $ | 666,259 | | |
Amazon.com, Inc.* (Broadline Retail) | | | 47,745 | | | | 8,927,360 | | |
Aptiv PLC* (Automobile Components) | | | 2,943 | | | | 204,215 | | |
AutoZone, Inc.* (Specialty Retail) | | | 188 | | | | 589,134 | | |
Bath & Body Works, Inc. (Specialty Retail) | | | 2,419 | | | | 88,898 | | |
Best Buy Co., Inc. (Specialty Retail) | | | 2,084 | | | | 180,308 | | |
Booking Holdings, Inc. (Hotels,
Restaurants & Leisure) | | | 367 | | | | 1,363,409 | | |
BorgWarner, Inc. (Automobile Components) | | | 2,464 | | | | 87,004 | | |
Caesars Entertainment, Inc.* (Hotels,
Restaurants & Leisure) | | | 2,341 | | | | 93,523 | | |
CarMax, Inc.* (Specialty Retail) | | | 1,702 | | | | 143,717 | | |
Carnival Corp.* (Hotels, Restaurants &
Leisure) | | | 10,923 | | | | 181,977 | | |
Chipotle Mexican Grill, Inc.* (Hotels,
Restaurants & Leisure) | | | 14,847 | | | | 806,489 | | |
D.R. Horton, Inc. (Household Durables) | | | 3,206 | | | | 576,855 | | |
Darden Restaurants, Inc. (Hotels,
Restaurants & Leisure) | | | 1,292 | | | | 189,007 | | |
Deckers Outdoor Corp.* (Textiles, Apparel &
Luxury Goods) | | | 277 | | | | 255,569 | | |
Domino's Pizza, Inc. (Hotels, Restaurants &
Leisure) | | | 377 | | | | 161,620 | | |
eBay, Inc. (Broadline Retail) | | | 5,472 | | | | 304,298 | | |
Etsy, Inc.* (Broadline Retail) | | | 1,267 | | | | 82,532 | | |
Expedia Group, Inc.* (Hotels, Restaurants &
Leisure) | | | 1,375 | | | | 175,546 | | |
Ford Motor Co. (Automobiles) | | | 42,396 | | | | 458,725 | | |
Garmin, Ltd. (Household Durables) | | | 1,663 | | | | 284,789 | | |
General Motors Co. (Automobiles) | | | 12,336 | | | | 546,732 | | |
Genuine Parts Co. (Distributors) | | | 1,507 | | | | 221,694 | | |
Hasbro, Inc. (Leisure Products) | | | 1,417 | | | | 91,340 | | |
Hilton Worldwide Holdings, Inc. (Hotels,
Restaurants & Leisure) | | | 2,704 | | | | 580,468 | | |
Las Vegas Sands Corp. (Hotels,
Restaurants & Leisure) | | | 3,947 | | | | 156,577 | | |
Lennar Corp.—Class A (Household Durables) | | | 2,649 | | | | 468,688 | | |
LKQ Corp. (Distributors) | | | 2,884 | | | | 119,686 | | |
Lowe's Cos., Inc. (Specialty Retail) | | | 6,186 | | | | 1,518,725 | | |
Lululemon Athletica, Inc.* (Textiles,
Apparel & Luxury Goods) | | | 1,239 | | | | 320,480 | | |
Marriott International, Inc.—Class A
(Hotels, Restaurants & Leisure) | | | 2,594 | | | | 589,649 | | |
McDonald's Corp. (Hotels, Restaurants &
Leisure) | | | 6,765 | | | | 1,795,431 | | |
MGM Resorts International* (Hotels,
Restaurants & Leisure) | | | 2,714 | | | | 116,621 | | |
Mohawk Industries, Inc.* (Household
Durables) | | | 573 | | | | 92,293 | | |
NIKE, Inc.—Class B (Textiles, Apparel &
Luxury Goods) | | | 13,098 | | | | 980,515 | | |
Norwegian Cruise Line Holdings, Ltd.*
(Hotels, Restaurants & Leisure) | | | 4,641 | | | | 85,534 | | |
Common Stocks, continued
| | | Shares | | Value | |
NVR, Inc.* (Household Durables) | | | 34 | | | $ | 292,654 | | |
O'Reilly Automotive, Inc.* (Specialty Retail) | | | 635 | | | | 715,226 | | |
Pool Corp. (Distributors) | | | 416 | | | | 155,601 | | |
PulteGroup, Inc. (Household Durables) | | | 2,275 | | | | 300,300 | | |
Ralph Lauren Corp. (Textiles, Apparel &
Luxury Goods) | | | 423 | | | | 74,275 | | |
Ross Stores, Inc. (Specialty Retail) | | | 3,626 | | | | 519,352 | | |
Royal Caribbean Cruises, Ltd.* (Hotels,
Restaurants & Leisure) | | | 2,561 | | | | 401,360 | | |
Starbucks Corp. (Hotels, Restaurants &
Leisure) | | | 12,248 | | | | 954,732 | | |
Tapestry, Inc. (Textiles, Apparel & Luxury
Goods) | | | 2,484 | | | | 99,584 | | |
Tesla, Inc.* (Automobiles) | | | 29,621 | | | | 6,874,145 | | |
The Home Depot, Inc. (Specialty Retail) | | | 10,580 | | | | 3,895,132 | | |
The TJX Cos., Inc. (Specialty Retail) | | | 12,246 | | | | 1,384,043 | | |
Tractor Supply Co. (Specialty Retail) | | | 1,165 | | | | 306,768 | | |
Ulta Beauty, Inc.* (Specialty Retail) | | | 518 | | | | 189,013 | | |
Wynn Resorts, Ltd. (Hotels, Restaurants &
Leisure) | | | 1,022 | | | | 84,642 | | |
Yum! Brands, Inc. (Hotels, Restaurants &
Leisure) | | | 3,045 | | | | 404,467 | | |
TOTAL COMMON STOCKS
(Cost $26,605,371) | | | | | 40,156,961 | | |
Repurchase Agreements(a)(b) (23.1%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $11,794,703 | | $ | 11,793,000 | | | $ | 11,793,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $11,793,000) | | | | | 11,793,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $38,398,371)—101.7% | | | | | 51,949,961 | | |
Net other assets (liabilities)—(1.7)% | | | | | (859,404 | ) | |
NET ASSETS—100.0% | | | | $ | 51,090,557 | | |
* 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, 2024, the aggregate amount held in a segregated account was $7,562,000.
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Consumer Discretionary UltraSector ProFund :: 21
Total Return Swap Agreements—Long
Underlying Instrument | | Counterparty | | Termination
Date(1) | | Rate Paid
(Received)(2) | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
S&P Consumer Discretionary Select Sector Index | | Goldman Sachs International | | 8/23/24 | | | 6.08 | % | | $ | 17,684,037 | | | $ | (224,502 | ) | |
S&P Consumer Discretionary Select Sector Index | | UBS AG | | 8/23/24 | | | 5.68 | % | | | 18,814,982 | | | | (179,726 | ) | |
| | | | | | | | | $ | 36,499,019 | | | $ | (404,228 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
Consumer Discretionary UltraSector ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Automobile Components | | $ | 291,219 | | | | 0.6 | % | |
Automobiles | | | 7,879,602 | | | | 15.4 | % | |
Broadline Retail | | | 9,314,190 | | | | 18.2 | % | |
Distributors | | | 496,981 | | | | 1.0 | % | |
Hotels, Restaurants & Leisure | | | 8,807,311 | | | | 17.2 | % | |
Household Durables | | | 2,015,579 | | | | 3.9 | % | |
Leisure Products | | | 91,340 | | | | 0.2 | % | |
Specialty Retail | | | 9,530,316 | | | | 18.7 | % | |
Textiles, Apparel & Luxury Goods | | | 1,730,423 | | | | 3.4 | % | |
Other** | | | 10,933,596 | | | | 21.4 | % | |
Total | | $ | 51,090,557 | | | | 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.
22 :: Consumer Staples UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (83.6%)
| | | Shares | | Value | |
Altria Group, Inc. (Tobacco) | | | 2,075 | | | $ | 101,696 | | |
Archer-Daniels-Midland Co. (Food Products) | | | 597 | | | | 37,020 | | |
Brown-Forman Corp.—Class B (Beverages) | | | 216 | | | | 9,755 | | |
Bunge Global SA (Food Products) | | | 171 | | | | 17,994 | | |
Campbell Soup Co. (Food Products) | | | 237 | | | | 11,106 | | |
Church & Dwight Co., Inc. (Household
Products) | | | 296 | | | | 29,011 | | |
Colgate-Palmolive Co. (Household Products) | | | 991 | | | | 98,297 | | |
Conagra Brands, Inc. (Food Products) | | | 577 | | | | 17,495 | | |
Constellation Brands, Inc.—Class A
(Beverages) | | | 194 | | | | 47,561 | | |
Costco Wholesale Corp. (Consumer Staples
Distribution & Retail) | | | 465 | | | | 382,230 | | |
Dollar General Corp. (Consumer Staples
Distribution & Retail) | | | 266 | | | | 32,024 | | |
Dollar Tree, Inc.* (Consumer Staples
Distribution & Retail) | | | 251 | | | | 26,189 | | |
General Mills, Inc. (Food Products) | | | 682 | | | | 45,789 | | |
Hormel Foods Corp. (Food Products) | | | 351 | | | | 11,271 | | |
Kellanova (Food Products) | | | 318 | | | | 18,492 | | |
Kenvue, Inc. (Personal Care Products) | | | 2,312 | | | | 42,749 | | |
Keurig Dr Pepper, Inc. (Beverages) | | | 1,261 | | | | 43,227 | | |
Kimberly-Clark Corp. (Household Products) | | | 406 | | | | 54,830 | | |
Lamb Weston Holdings, Inc. (Food Products) | | | 175 | | | | 10,504 | | |
McCormick & Co., Inc. (Food Products) | | | 304 | | | | 23,411 | | |
Molson Coors Beverage Co.—Class B
(Beverages) | | | 220 | | | | 11,627 | | |
Mondelez International, Inc.—Class A
(Food Products) | | | 1,620 | | | | 110,726 | | |
Monster Beverage Corp.* (Beverages) | | | 857 | | | | 44,093 | | |
PepsiCo, Inc. (Beverages) | | | 758 | | | | 130,884 | | |
Philip Morris International, Inc. (Tobacco) | | | 1,216 | | | | 140,034 | | |
Sysco Corp. (Consumer Staples
Distribution & Retail) | | | 602 | | | | 46,143 | | |
Target Corp. (Consumer Staples
Distribution & Retail) | | | 558 | | | | 83,929 | | |
The Clorox Co. (Household Products) | | | 150 | | | | 19,790 | | |
The Coca-Cola Co. (Beverages) | | | 4,059 | | | | 270,897 | | |
The Estee Lauder Cos., Inc. (Personal Care
Products) | | | 282 | | | | 28,090 | | |
The Hershey Co. (Food Products) | | | 178 | | | | 35,151 | | |
Common Stocks, continued
| | | Shares | | Value | |
The J M Smucker Co. (Food Products) | | | 129 | | | $ | 15,216 | | |
The Kraft Heinz Co. (Food Products) | | | 954 | | | | 33,590 | | |
The Kroger Co. (Consumer Staples
Distribution & Retail) | | | 809 | | | | 44,091 | | |
The Procter & Gamble Co. (Household
Products) | | | 2,470 | | | | 397,077 | | |
Tyson Foods, Inc.—Class A (Food Products) | | | 345 | | | | 21,011 | | |
Walgreens Boots Alliance, Inc. (Consumer
Staples Distribution & Retail) | | | 865 | | | | 10,268 | | |
Walmart, Inc. (Consumer Staples
Distribution & Retail) | | | 4,472 | | | | 306,958 | | |
TOTAL COMMON STOCKS
(Cost $1,727,408) | | | | | 2,810,226 | | |
Repurchase Agreements(a)(b) (19.3%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $649,094 | | $ | 649,000 | | | $ | 649,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $649,000) | | | | | 649,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $2,376,408)—102.9% | | | | | 3,459,226 | | |
Net other assets (liabilities)—(2.9)% | | | | | (98,727 | ) | |
NET ASSETS—100.0% | | | | $ | 3,360,499 | | |
* 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, 2024, the aggregate amount held in a segregated account was $464,000.
Total Return Swap Agreements—Long
Underlying Instrument | | Counterparty | | Termination
Date(1) | | Rate Paid
(Received)(2) | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
S&P Consumer Staples Select Sector Index | | Goldman Sachs International | | 8/23/24 | | | 6.08 | % | | $ | 1,410,625 | | | $ | (1,811 | ) | |
S&P Consumer Staples Select Sector Index | | UBS AG | | 8/23/24 | | | 5.68 | % | | | 823,717 | | | | (1,560 | ) | |
| | | | | | | | | $ | 2,234,342 | | | $ | (3,371 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Consumer Staples UltraSector ProFund :: 23
Consumer Staples UltraSector ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Beverages | | $ | 558,044 | | | | 16.6 | % | |
Consumer Staples Distribution & Retail | | | 931,831 | | | | 27.7 | % | |
Food Products | | | 408,776 | | | | 12.2 | % | |
Household Products | | | 599,005 | | | | 17.8 | % | |
Personal Care Products | | | 70,839 | | | | 2.1 | % | |
Tobacco | | | 241,731 | | | | 7.2 | % | |
Other** | | | 550,273 | | | | 16.4 | % | |
Total | | $ | 3,360,499 | | | | 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.
24 :: Energy UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (84.9%)
| | | Shares | | Value | |
APA Corp. (Oil, Gas & Consumable Fuels) | | | 5,430 | | | $ | 169,362 | | |
Baker Hughes Co. (Energy Equipment &
Services) | | | 15,051 | | | | 582,775 | | |
Chevron Corp. (Oil, Gas & Consumable Fuels) | | | 23,435 | | | | 3,760,614 | | |
ConocoPhillips (Oil, Gas & Consumable Fuels) | | | 8,109 | | | | 901,721 | | |
Coterra Energy, Inc. (Oil, Gas & Consumable
Fuels) | | | 11,224 | | | | 289,579 | | |
Devon Energy Corp. (Oil, Gas & Consumable
Fuels) | | | 9,531 | | | | 448,243 | | |
Diamondback Energy, Inc. (Oil, Gas &
Consumable Fuels) | | | 2,690 | | | | 544,214 | | |
EOG Resources, Inc. (Oil, Gas & Consumable
Fuels) | | | 7,858 | | | | 996,394 | | |
EQT Corp. (Oil, Gas & Consumable Fuels) | | | 8,951 | | | | 308,899 | | |
Exxon Mobil Corp. (Oil, Gas & Consumable
Fuels) | | | 41,551 | | | | 4,927,533 | | |
Halliburton Co. (Energy Equipment & Services) | | | 13,351 | | | | 463,013 | | |
Hess Corp. (Oil, Gas & Consumable Fuels) | | | 4,168 | | | | 639,455 | | |
Kinder Morgan, Inc. (Oil, Gas & Consumable
Fuels) | | | 29,120 | | | | 615,306 | | |
Marathon Oil Corp. (Oil, Gas & Consumable
Fuels) | | | 8,506 | | | | 238,593 | | |
Marathon Petroleum Corp. (Oil, Gas &
Consumable Fuels) | | | 5,216 | | | | 923,336 | | |
Occidental Petroleum Corp. (Oil, Gas &
Consumable Fuels) | | | 10,029 | | | | 609,964 | | |
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | | | 8,802 | | | | 733,471 | | |
Phillips 66 (Oil, Gas & Consumable Fuels) | | | 6,394 | | | | 930,199 | | |
Schlumberger N.V. (Energy Equipment &
Services) | | | 20,628 | | | | 996,126 | | |
Targa Resources Corp. (Oil, Gas &
Consumable Fuels) | | | 3,344 | | | | 452,376 | | |
Common Stocks, continued
| | | Shares | | Value | |
The Williams Cos., Inc. (Oil, Gas &
Consumable Fuels) | | | 18,380 | | | $ | 789,237 | | |
Valero Energy Corp. (Oil, Gas & Consumable
Fuels) | | | 4,931 | | | | 797,441 | | |
TOTAL COMMON STOCKS
(Cost $6,906,801) | | | | | 21,117,851 | | |
Repurchase Agreements(a)(b) (18.9%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $4,708,680 | | $ | 4,708,000 | | | $ | 4,708,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $4,708,000) | | | | | 4,708,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $11,614,801)—103.8% | | | | | 25,825,851 | | |
Net other assets (liabilities)—(3.8)% | | | | | (944,735 | ) | |
NET ASSETS—100.0% | | | | $ | 24,881,116 | | |
(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, 2024, the aggregate amount held in a segregated account was $3,299,000.
Total Return Swap Agreements—Long
Underlying Instrument | | Counterparty | | Termination
Date(1) | | Rate Paid
(Received)(2) | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
S&P Energy Select Sector Index | | Goldman Sachs International | | 8/23/24 | | | 6.08 | % | | $ | 10,031,496 | | | $ | 282,245 | | |
S&P Energy Select Sector Index | | UBS AG | | 8/23/24 | | | 5.63 | % | | | 6,251,668 | | | | 243,043 | | |
| | | | | | | | | $ | 16,283,164 | | | $ | 525,288 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Energy UltraSector ProFund :: 25
Energy UltraSector ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Energy Equipment & Services | | $ | 2,041,913 | | | | 8.2 | % | |
Oil, Gas & Consumable Fuels | | | 19,075,938 | | | | 76.7 | % | |
Other** | | | 3,763,265 | | | | 15.1 | % | |
Total | | $ | 24,881,116 | | | | 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.
26 :: Europe 30 ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (100.0%)
| | | Shares | | Value | |
Anheuser-Busch InBev S.A./N.V.ADR
(Beverages) | | | 2,719 | | | $ | 161,781 | | |
ArcelorMittal SANYS (Metals & Mining) | | | 3,544 | | | | 81,016 | | |
Argenx SE*ADR (Biotechnology) | | | 243 | | | | 125,356 | | |
Ascendis Pharma A/S*ADR (Biotechnology) | | | 727 | | | | 97,055 | | |
ASML Holding N.V.NYS (Semiconductors &
Semiconductor Equipment) | | | 291 | | | | 272,581 | | |
AstraZeneca PLCADR (Pharmaceuticals) | | | 1,796 | | | | 142,153 | | |
Barclays PLCADR (Banks) | | | 13,351 | | | | 159,144 | | |
BioNTech SE*ADR (Biotechnology) | | | 971 | | | | 83,700 | | |
BP PLCADR (Oil, Gas & Consumable Fuels) | | | 4,419 | | | | 156,388 | | |
British American Tobacco PLCADR (Tobacco) | | | 4,466 | | | | 159,168 | | |
Diageo PLCADR (Beverages) | | | 971 | | | | 121,132 | | |
Equinor ASAADR(a) (Oil, Gas & Consumable Fuels) | | | 4,808 | | | | 127,700 | | |
GSK PLCADR (Pharmaceuticals) | | | 3,738 | | | | 144,923 | | |
Haleon PLCADR (Personal Care Products) | | | 13,448 | | | | 123,049 | | |
HSBC Holdings PLCADR(a) (Banks) | | | 3,885 | | | | 175,408 | | |
ING Groep N.V.ADR (Banks) | | | 8,156 | | | | 147,868 | | |
National Grid PLC*ADR (Multi-Utilities) | | | 1,748 | | | | 112,659 | | |
Nokia OyjADR (Communications Equipment) | | | 28,935 | | | | 113,425 | | |
Novo Nordisk A/SADR (Pharmaceuticals) | | | 291 | | | | 38,595 | | |
RELX PLCADR (Professional Services) | | | 3,495 | | | | 165,069 | | |
Rio Tinto PLCADR (Metals & Mining) | | | 2,330 | | | | 151,823 | | |
Ryanair Holdings PLCADR (Passenger Airlines) | | | 777 | | | | 78,710 | | |
Sanofi S.A.ADR (Pharmaceuticals) | | | 3,495 | | | | 181,076 | | |
SAP SEADR (Software) | | | 1,408 | | | | 297,933 | | |
Shell PLCADR (Oil, Gas & Consumable Fuels) | | | 3,593 | | | | 263,080 | | |
STMicroelectronics N.V.NYS (Semiconductors &
Semiconductor Equipment) | | | 2,332 | | | | 78,728 | | |
Telefonaktiebolaget LM EricssonADR(a)
(Communications Equipment) | | | 15,681 | | | | 108,042 | | |
Tenaris S.A.ADR (Energy Equipment & Services) | | | 2,816 | | | | 89,661 | | |
TotalEnergies SEADR (Oil, Gas & Consumable
Fuels) | | | 2,185 | | | | 148,099 | | |
Vodafone Group PLCADR (Wireless
Telecommunication Services) | | | 11,603 | | | | 108,604 | | |
TOTAL COMMON STOCKS
(Cost $3,426,813) | | | | | 4,213,926 | | |
Collateral for Securities Loaned(b) (7.0%)
Invesco Government & Agency Portfolio—
Institutional Shares, 5.22%(c) | | | 296,101 | | | | 296,101 | | |
TOTAL COLLATERAL FOR SECURITIES LOANED
(Cost $296,101) | | | | | 296,101 | | |
TOTAL INVESTMENT SECURITIES
(Cost $3,722,914)—107.0% | | | | | 4,510,027 | | |
Net other assets (liabilities)—(7.0)% | | | | | (295,869 | ) | |
NET ASSETS—100.0% | | | | $ | 4,214,158 | | |
* Non-income producing security.
(a) All or part of this security was on loan as of July 31, 2024. The total value of securities on loan as of July 31, 2024 was $292,824.
(b) Securities were purchased with cash collateral held from securities on loan at July 31, 2024.
(c) Rate periodically changes. Rate disclosed is the daily yield on July 31, 2024.
ADR American Depositary Receipt
NYS New York Shares
Europe 30 ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Banks | | $ | 482,420 | | | | 11.4 | % | |
Beverages | | | 282,913 | | | | 6.7 | % | |
Biotechnology | | | 306,111 | | | | 7.3 | % | |
Communications Equipment | | | 221,467 | | | | 5.3 | % | |
Energy Equipment & Services | | | 89,661 | | | | 2.1 | % | |
Metals & Mining | | | 232,839 | | | | 5.5 | % | |
Multi-Utilities | | | 112,659 | | | | 2.7 | % | |
Oil, Gas & Consumable Fuels | | | 695,268 | | | | 16.5 | % | |
Passenger Airlines | | | 78,710 | | | | 1.9 | % | |
Personal Care Products | | | 123,049 | | | | 2.9 | % | |
Pharmaceuticals | | | 506,747 | | | | 12.0 | % | |
Professional Services | | | 165,069 | | | | 3.9 | % | |
Semiconductors & Semiconductor
Equipment | | | 351,308 | | | | 8.3 | % | |
Software | | | 297,933 | | | | 7.1 | % | |
Tobacco | | | 159,168 | | | | 3.8 | % | |
Wireless Telecommunication Services | | | 108,604 | | | | 2.6 | % | |
Other** | | | 232 | | | | NM | | |
Total | | $ | 4,214,158 | | | | 100.0 | % | |
Europe 30 ProFund invested in securities with exposure to the following countries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Belgium | | $ | 161,781 | | | | 3.8 | % | |
Denmark | | | 135,650 | | | | 3.2 | % | |
Finland | | | 113,425 | | | | 2.7 | % | |
France | | | 329,175 | | | | 7.8 | % | |
Germany | | | 381,633 | | | | 9.1 | % | |
Ireland | | | 78,710 | | | | 1.9 | % | |
Luxembourg | | | 170,677 | | | | 4.1 | % | |
Netherlands | | | 545,805 | | | | 13.0 | % | |
Norway | | | 127,700 | | | | 3.0 | % | |
Sweden | | | 108,042 | | | | 2.6 | % | |
Switzerland | | | 78,728 | | | | 1.9 | % | |
United Kingdom | | | 1,982,600 | | | | 46.9 | % | |
Other** | | | 232 | | | | NM | | |
Total | | $ | 4,214,158 | | | | 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, 2024 :: Schedule of Portfolio Investments :: Falling U.S. Dollar ProFund :: 27
Repurchase Agreements(a)(b) (98.3%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $1,128,163 | | $ | 1,128,000 | | | $ | 1,128,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $1,128,000) | | | | | 1,128,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $1,128,000)—98.3% | | | | | 1,128,000 | | |
Net other assets (liabilities)—1.7% | | | | | 19,441 | | |
NET ASSETS—100.0% | | | | $ | 1,147,441 | | |
(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, 2024, the aggregate amount held in a segregated account was $15,000.
As of July 31, 2024, 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 | | $ | 13,148 | | | British pound | | | 10,183 | | | 8/9/24 | | $ | 13,089 | | | $ | 59 | | |
U.S. dollar | | | 10,183 | | | Canadian dollar | | | 13,978 | | | 8/9/24 | | | 10,128 | | | | 55 | | |
U.S. dollar | | | 64,129 | | | Euro | | | 58,902 | | | 8/9/24 | | | 63,766 | | | | 363 | | |
U.S. dollar | | | 15,294 | | | Japanese yen | | | 2,402,826 | | | 8/9/24 | | | 16,064 | | | | (770 | ) | |
U.S. dollar | | | 4,386 | | | Swedish krona | | | 46,852 | | | 8/9/24 | | | 4,378 | | | | 8 | | |
U.S. dollar | | | 4,013 | | | Swiss franc | | | 3,561 | | | 8/9/24 | | | 4,062 | | | | (49 | ) | |
Total Short Contracts | | $ | 111,153 | | | | | | | | | $ | 111,487 | | | $ | (334 | ) | |
Long: | |
British pound | | | 74,136 | | | U.S. dollar | | $ | 95,474 | | | 8/9/24 | | $ | 95,296 | | | $ | (178 | ) | |
Canadian dollar | | | 122,530 | | | U.S. dollar | | | 89,887 | | | 8/9/24 | | | 88,783 | | | | (1,104 | ) | |
Euro | | | 327,017 | | | U.S. dollar | | | 355,462 | | | 8/9/24 | | | 354,021 | | | | (1,441 | ) | |
Japanese yen | | | 10,584,422 | | | U.S. dollar | | | 66,718 | | | 8/9/24 | | | 70,763 | | | | 4,045 | | |
Swedish krona | | | 228,546 | | | U.S. dollar | | | 21,674 | | | 8/9/24 | | | 21,357 | | | | (317 | ) | |
Swiss franc | | | 24,112 | | | U.S. dollar | | | 27,012 | | | 8/9/24 | | | 27,506 | | | | 494 | | |
Total Long Contracts | | | | | | $ | 656,227 | | | | | $ | 657,726 | | | $ | 1,499 | | |
As of July 31, 2024, 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 | | $ | 87,709 | | | British pound | | | 67,955 | | | 8/9/24 | | $ | 87,350 | | | $ | 359 | | |
U.S. dollar | | | 65,205 | | | Canadian dollar | | | 89,983 | | | 8/9/24 | | | 65,200 | | | | 5 | | |
U.S. dollar | | | 420,734 | | | Euro | | | 387,546 | | | 8/9/24 | | | 419,548 | | | | 1,186 | | |
U.S. dollar | | | 103,378 | | | Japanese yen | | | 15,962,030 | | | 8/9/24 | | | 106,715 | | | | (3,337 | ) | |
U.S. dollar | | | 30,016 | | | Swedish krona | | | 322,986 | | | 8/9/24 | | | 30,182 | | | | (166 | ) | |
U.S. dollar | | | 26,885 | | | Swiss franc | | | 23,785 | | | 8/9/24 | | | 27,132 | | | | (247 | ) | |
Total Short Contracts | | $ | 733,927 | | | | | | | | | $ | 736,127 | | | $ | (2,200 | ) | |
Long: | |
British pound | | | 109,407 | | | U.S. dollar | | $ | 140,731 | | | 8/9/24 | | $ | 140,634 | | | $ | (97 | ) | |
Canadian dollar | | | 124,642 | | | U.S. dollar | | | 90,784 | | | 8/9/24 | | | 90,313 | | | | (471 | ) | |
Euro | | | 724,702 | | | U.S. dollar | | | 786,125 | | | 8/9/24 | | | 784,546 | | | | (1,579 | ) | |
Japanese yen | | | 31,432,847 | | | U.S. dollar | | | 198,669 | | | 8/9/24 | | | 210,146 | | | | 11,477 | | |
Swedish krona | | | 655,432 | | | U.S. dollar | | | 61,661 | | | 8/9/24 | | | 61,249 | | | | (412 | ) | |
Swiss franc | | | 39,348 | | | U.S. dollar | | | 44,147 | | | 8/9/24 | | | 44,886 | | | | 739 | | |
Total Long Contracts | | | | | | $ | 1,322,117 | | | | | $ | 1,331,774 | | | $ | 9,657 | | |
Total unrealized appreciation | | $ | 18,790 | | |
Total unrealized (depreciation) | | | (10,168 | ) | |
Total net unrealized appreciation/(depreciation) | | $ | 8,622 | | |
See accompanying notes to the financial statements.
28 :: Financials UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (74.7%)
| | | Shares | | Value | |
Aflac, Inc. (Insurance) | | | 2,200 | | | $ | 209,836 | | |
American Express Co. (Consumer Finance) | | | 2,418 | | | | 611,852 | | |
American International Group, Inc. (Insurance) | | | 2,824 | | | | 223,746 | | |
Ameriprise Financial, Inc. (Capital Markets) | | | 423 | | | | 181,920 | | |
Aon PLC—Class A (Insurance) | | | 925 | | | | 303,872 | | |
Arch Capital Group, Ltd.* (Insurance) | | | 1,591 | | | | 152,386 | | |
Arthur J. Gallagher & Co. (Insurance) | | | 930 | | | | 263,646 | | |
Assurant, Inc. (Insurance) | | | 221 | | | | 38,646 | | |
Bank of America Corp. (Banks) | | | 28,950 | | | | 1,166,975 | | |
Berkshire Hathaway, Inc.*—Class B (Financial
Services) | | | 7,703 | | | | 3,377,765 | | |
BlackRock, Inc. (Capital Markets) | | | 594 | | | | 520,641 | | |
Blackstone, Inc. (Capital Markets) | | | 3,041 | | | | 432,278 | | |
Brown & Brown, Inc. (Insurance) | | | 1,007 | | | | 100,126 | | |
Capital One Financial Corp. (Consumer Finance) | | | 1,626 | | | | 246,176 | | |
Cboe Global Markets, Inc. (Capital Markets) | | | 447 | | | | 82,029 | | |
Chubb, Ltd. (Insurance) | | | 1,728 | | | | 476,340 | | |
Cincinnati Financial Corp. (Insurance) | | | 666 | | | | 86,993 | | |
Citigroup, Inc. (Banks) | | | 8,116 | | | | 526,566 | | |
Citizens Financial Group, Inc. (Banks) | | | 1,936 | | | | 82,609 | | |
CME Group, Inc. (Capital Markets) | | | 1,532 | | | | 296,764 | | |
Corpay, Inc.* (Software) | | | 299 | | | | 87,254 | | |
Discover Financial Services (Consumer Finance) | | | 1,066 | | | | 153,493 | | |
Everest Group, Ltd. (Insurance) | | | 185 | | | | 72,681 | | |
FactSet Research Systems, Inc. (Capital
Markets) | | | 162 | | | | 66,921 | | |
Fidelity National Information Services, Inc.
(Financial Services) | | | 2,367 | | | | 181,857 | | |
Fifth Third Bancorp (Banks) | | | 2,911 | | | | 123,252 | | |
First Horizon Corp. (Banks) | | | 1 | | | | 12 | | |
Fiserv, Inc.* (Financial Services) | | | 2,490 | | | | 407,289 | | |
Franklin Resources, Inc. (Capital Markets) | | | 1,276 | | | | 29,182 | | |
Global Payments, Inc. (Financial Services) | | | 1,086 | | | | 110,381 | | |
Globe Life, Inc. (Insurance) | | | 357 | | | | 33,108 | | |
Huntington Bancshares, Inc. (Banks) | | | 6,167 | | | | 92,197 | | |
Intercontinental Exchange, Inc. (Capital
Markets) | | | 2,441 | | | | 369,958 | | |
Invesco, Ltd. (Capital Markets) | | | 1,914 | | | | 33,036 | | |
Jack Henry & Associates, Inc. (Financial
Services) | | | 310 | | | | 53,159 | | |
JPMorgan Chase & Co. (Banks) | | | 12,219 | | | | 2,600,202 | | |
KeyCorp (Banks) | | | 4,012 | | | | 64,714 | | |
KKR & Co., Inc. (Capital Markets) | | | 2,832 | | | | 349,610 | | |
Loews Corp. (Insurance) | | | 773 | | | | 61,801 | | |
M&T Bank Corp. (Banks) | | | 710 | | | | 122,241 | | |
MarketAxess Holdings, Inc. (Capital Markets) | | | 161 | | | | 35,988 | | |
Marsh & McLennan Cos., Inc. (Insurance) | | | 2,097 | | | | 466,729 | | |
Mastercard, Inc.—Class A (Financial Services) | | | 3,493 | | | | 1,619,739 | | |
MetLife, Inc. (Insurance) | | | 2,542 | | | | 195,353 | | |
Moody's Corp. (Capital Markets) | | | 668 | | | | 304,929 | | |
Morgan Stanley (Capital Markets) | | | 5,325 | | | | 549,593 | | |
MSCI, Inc. (Capital Markets) | | | 337 | | | | 182,236 | | |
Nasdaq, Inc. (Capital Markets) | | | 1,761 | | | | 119,184 | | |
Northern Trust Corp. (Capital Markets) | | | 871 | | | | 77,214 | | |
PayPal Holdings, Inc.* (Financial Services) | | | 4,451 | | | | 292,787 | | |
Principal Financial Group, Inc. (Insurance) | | | 918 | | | | 74,826 | | |
Prudential Financial, Inc. (Insurance) | | | 1,528 | | | | 191,489 | | |
Raymond James Financial, Inc. (Capital
Markets) | | | 794 | | | | 92,104 | | |
Regions Financial Corp. (Banks) | | | 3,897 | | | | 87,176 | | |
S&P Global, Inc. (Capital Markets) | | | 1,362 | | | | 660,202 | | |
Common Stocks, continued
| | | Shares | | Value | |
State Street Corp. (Capital Markets) | | | 1,282 | | | $ | 108,932 | | |
Synchrony Financial (Consumer Finance) | | | 1,709 | | | | 86,800 | | |
T. Rowe Price Group, Inc. (Capital Markets) | | | 950 | | | | 108,500 | | |
The Allstate Corp. (Insurance) | | | 1,123 | | | | 192,168 | | |
The Bank of New York Mellon Corp. (Capital
Markets) | | | 3,182 | | | | 207,053 | | |
The Charles Schwab Corp. (Capital Markets) | | | 6,352 | | | | 414,087 | | |
The Goldman Sachs Group, Inc. (Capital
Markets) | | | 1,372 | | | | 698,388 | | |
The Hartford Financial Services Group, Inc.
(Insurance) | | | 1,258 | | | | 139,537 | | |
The PNC Financial Services Group, Inc.
(Banks) | | | 1,693 | | | | 306,602 | | |
The Progressive Corp. (Insurance) | | | 2,492 | | | | 533,586 | | |
The Travelers Cos., Inc. (Insurance) | | | 974 | | | | 210,813 | | |
Truist Financial Corp. (Banks) | | | 5,694 | | | | 254,465 | | |
U.S. Bancorp (Banks) | | | 6,640 | | | | 298,003 | | |
Visa, Inc.—Class A (Financial Services) | | | 6,698 | | | | 1,779,458 | | |
W.R. Berkley Corp. (Insurance) | | | 1,289 | | | | 71,063 | | |
Wells Fargo & Co. (Banks) | | | 14,835 | | | | 880,309 | | |
Willis Towers Watson PLC (Insurance) | | | 435 | | | | 122,792 | | |
TOTAL COMMON STOCKS
(Cost $20,612,866) | | | | | 25,755,619 | | |
Repurchase Agreements(a)(b) (27.0%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $9,292,341 | | $ | 9,291,000 | | | $ | 9,291,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $9,291,000) | | | | | 9,291,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $29,903,866)—101.7% | | | | | 35,046,619 | | |
Net other assets (liabilities)—(1.7)% | | | | | (581,044 | ) | |
NET ASSETS—100.0% | | | | $ | 34,465,575 | | |
* 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, 2024, the aggregate amount held in a segregated account was $4,995,000.
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Financials UltraSector ProFund :: 29
Total Return Swap Agreements—Long
Underlying Instrument | | Counterparty | | Termination
Date(1) | | Rate Paid
(Received)(2) | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
S&P Financial Select Sector Index | | Goldman Sachs International | | 8/23/24 | | | 6.08 | % | | $ | 14,129,983 | | | $ | 202,194 | | |
S&P Financial Select Sector Index | | UBS AG | | 8/23/24 | | | 5.98 | % | | | 11,849,579 | | | | 164,715 | | |
| | | | | | | | | $ | 25,979,562 | | | $ | 366,909 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
Financials UltraSector ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Banks | | $ | 6,605,323 | | | | 19.2 | % | |
Capital Markets | | | 5,920,749 | | | | 17.2 | % | |
Consumer Finance | | | 1,098,321 | | | | 3.2 | % | |
Financial Services | | | 7,822,435 | | | | 22.7 | % | |
Insurance | | | 4,221,537 | | | | 12.2 | % | |
Software | | | 87,254 | | | | 0.2 | % | |
Other** | | | 8,709,956 | | | | 25.3 | % | |
Total | | $ | 34,465,575 | | | | 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.
30 :: Health Care UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (84.2%)
| | | Shares | | Value | |
Abbott Laboratories (Health Care
Equipment & Supplies) | | | 3,994 | | | $ | 423,123 | | |
AbbVie, Inc. (Biotechnology) | | | 4,054 | | | | 751,287 | | |
Agilent Technologies, Inc. (Life Sciences
Tools & Services) | | | 674 | | | | 95,304 | | |
Align Technology, Inc.* (Health Care
Equipment & Supplies) | | | 162 | | | | 37,565 | | |
Amgen, Inc. (Biotechnology) | | | 1,231 | | | | 409,271 | | |
Baxter International, Inc. (Health Care
Equipment & Supplies) | | | 1,169 | | | | 41,874 | | |
Becton, Dickinson & Co. (Health Care
Equipment & Supplies) | | | 663 | | | | 159,823 | | |
Biogen, Inc.* (Biotechnology) | | | 334 | | | | 71,209 | | |
Bio-Rad Laboratories, Inc.*—Class A
(Life Sciences Tools & Services) | | | 46 | | | | 15,565 | | |
Bio-Techne Corp. (Life Sciences Tools &
Services) | | | 363 | | | | 29,617 | | |
Boston Scientific Corp.* (Health Care
Equipment & Supplies) | | | 3,375 | | | | 249,345 | | |
Bristol-Myers Squibb Co. (Pharmaceuticals) | | | 4,653 | | | | 221,297 | | |
Cardinal Health, Inc. (Health Care Providers &
Services) | | | 560 | | | | 56,465 | | |
Catalent, Inc.* (Pharmaceuticals) | | | 417 | | | | 24,745 | | |
Cencora, Inc. (Health Care Providers & Services) | | | 380 | | | | 90,394 | | |
Centene Corp.* (Health Care Providers &
Services) | | | 1,226 | | | | 94,304 | | |
Charles River Laboratories International, Inc.*
(Life Sciences Tools & Services) | | | 119 | | | | 29,048 | | |
CVS Health Corp. (Health Care Providers &
Services) | | | 2,883 | | | | 173,931 | | |
Danaher Corp. (Life Sciences Tools &
Services) | | | 1,513 | | | | 419,222 | | |
DaVita, Inc.* (Health Care Providers &
Services) | | | 120 | | | | 16,394 | | |
Dexcom, Inc.* (Health Care Equipment &
Supplies) | | | 913 | | | | 61,920 | | |
Edwards Lifesciences Corp.* (Health Care
Equipment & Supplies) | | | 1,384 | | | | 87,261 | | |
Elevance Health, Inc. (Health Care Providers &
Services) | | | 533 | | | | 283,573 | | |
Eli Lilly & Co. (Pharmaceuticals) | | | 1,833 | | | | 1,474,226 | | |
GE HealthCare Technologies, Inc. (Health Care
Equipment & Supplies) | | | 975 | | | | 82,514 | | |
Gilead Sciences, Inc. (Biotechnology) | | | 2,862 | | | | 217,684 | | |
HCA Healthcare, Inc. (Health Care Providers &
Services) | | | 444 | | | | 161,194 | | |
Henry Schein, Inc.* (Health Care Providers &
Services) | | | 294 | | | | 21,150 | | |
Hologic, Inc.* (Health Care Equipment &
Supplies) | | | 537 | | | | 43,825 | | |
Humana, Inc. (Health Care Providers & Services) | | | 276 | | | | 99,804 | | |
IDEXX Laboratories, Inc.* (Health Care
Equipment & Supplies) | | | 189 | | | | 89,987 | | |
Incyte Corp.* (Biotechnology) | | | 366 | | | | 23,816 | | |
Common Stocks, continued
| | | Shares | | Value | |
Insulet Corp.* (Health Care Equipment &
Supplies) | | | 162 | | | $ | 31,485 | | |
Intuitive Surgical, Inc.* (Health Care
Equipment & Supplies) | | | 814 | | | | 361,912 | | |
IQVIA Holdings, Inc.* (Life Sciences Tools &
Services) | | | 419 | | | | 103,170 | | |
Johnson & Johnson (Pharmaceuticals) | | | 5,524 | | | | 871,963 | | |
Labcorp Holdings, Inc. (Health Care
Providers & Services) | | | 193 | | | | 41,580 | | |
McKesson Corp. (Health Care Providers &
Services) | | | 298 | | | | 183,872 | | |
Medtronic PLC (Health Care Equipment &
Supplies) | | | 3,050 | | | | 244,976 | | |
Merck & Co., Inc. (Pharmaceuticals) | | | 5,813 | | | | 657,625 | | |
Mettler-Toledo International, Inc.*
(Life Sciences Tools & Services) | | | 49 | | | | 74,530 | | |
Moderna, Inc.* (Biotechnology) | | | 765 | | | | 91,203 | | |
Molina Healthcare, Inc.* (Health Care
Providers & Services) | | | 134 | | | | 45,730 | | |
Pfizer, Inc. (Pharmaceuticals) | | | 13,008 | | | | 397,264 | | |
Quest Diagnostics, Inc. (Health Care
Providers & Services) | | | 254 | | | | 36,144 | | |
Regeneron Pharmaceuticals, Inc.*
(Biotechnology) | | | 244 | | | | 263,322 | | |
ResMed, Inc. (Health Care Equipment &
Supplies) | | | 337 | | | | 71,865 | | |
Revvity, Inc. (Life Sciences Tools & Services) | | | 283 | | | | 35,548 | | |
Solventum Corp.* (Health Care Providers &
Services) | | | 318 | | | | 18,724 | | |
STERIS PLC (Health Care Equipment & Supplies) | | | 227 | | | | 54,199 | | |
Stryker Corp. (Health Care Equipment &
Supplies) | | | 779 | | | | 255,084 | | |
Teleflex, Inc. (Health Care Equipment & Supplies) | | | 108 | | | | 23,859 | | |
The Cigna Group (Health Care Providers &
Services) | | | 652 | | | | 227,333 | | |
The Cooper Cos., Inc.* (Health Care
Equipment & Supplies) | | | 458 | | | | 42,745 | | |
Thermo Fisher Scientific, Inc. (Life Sciences
Tools & Services) | | | 876 | | | | 537,286 | | |
UnitedHealth Group, Inc. (Health Care
Providers & Services) | | | 2,113 | | | | 1,217,427 | | |
Universal Health Services, Inc.—Class B
(Health Care Providers & Services) | | | 138 | | | | 29,499 | | |
Vertex Pharmaceuticals, Inc.* (Biotechnology) | | | 592 | | | | 293,466 | | |
Viatris, Inc. (Pharmaceuticals) | | | 2,734 | | | | 32,972 | | |
Waters Corp.* (Life Sciences Tools & Services) | | | 137 | | | | 46,070 | | |
West Pharmaceutical Services, Inc.
(Life Sciences Tools & Services) | | | 168 | | | | 51,437 | | |
Zimmer Biomet Holdings, Inc. (Health Care
Equipment & Supplies) | | | 472 | | | | 52,557 | | |
Zoetis, Inc. (Pharmaceuticals) | | | 1,047 | | | | 188,502 | | |
TOTAL COMMON STOCKS
(Cost $3,166,820) | | | | | 12,640,086 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Health Care UltraSector ProFund :: 31
Repurchase Agreements(a)(b) (26.6%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $3,985,575 | | $ | 3,985,000 | | | $ | 3,985,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $3,985,000) | | | | | 3,985,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $7,151,820)—110.8% | | | | | 16,625,086 | | |
Net other assets (liabilities)—(10.8)% | | | | | (1,621,434 | ) | |
NET ASSETS—100.0% | | | | $ | 15,003,652 | | |
* 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, 2024, the aggregate amount held in a segregated account was $2,292,000.
Total Return Swap Agreements—Long
Underlying Instrument | | Counterparty | | Termination
Date(1) | | Rate Paid
(Received)(2) | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
S&P Health Care Select Sector Index | | Goldman Sachs International | | 8/23/24 | | | 6.08 | % | | $ | 7,352,721 | | | $ | 17,617 | | |
S&P Health Care Select Sector Index | | UBS AG | | 8/23/24 | | | 5.68 | % | | | 2,518,904 | | | | 25,957 | | |
| | | | | | | | | $ | 9,871,625 | | | $ | 43,574 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
Health Care UltraSector ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Biotechnology | | $ | 2,121,258 | | | | 14.1 | % | |
Health Care Equipment & Supplies | | | 2,415,919 | | | | 16.1 | % | |
Health Care Providers & Services | | | 2,797,518 | | | | 18.6 | % | |
Life Sciences Tools & Services | | | 1,436,796 | | | | 9.6 | % | |
Pharmaceuticals | | | 3,868,595 | | | | 25.8 | % | |
Other** | | | 2,363,566 | | | | 15.8 | % | |
Total | | $ | 15,003,652 | | | | 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.
32 :: Industrials UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (80.0%)
| | | Shares | | Value | |
3M Co. (Industrial Conglomerates) | | | 716 | | | $ | 91,326 | | |
A.O. Smith Corp. (Building Products) | | | 156 | | | | 13,266 | | |
Allegion PLC (Building Products) | | | 112 | | | | 15,323 | | |
American Airlines Group, Inc.* (Passenger
Airlines) | | | 850 | | | | 9,044 | | |
AMETEK, Inc. (Electrical Equipment) | | | 299 | | | | 51,871 | | |
Automatic Data Processing, Inc. (Professional
Services) | | | 528 | | | | 138,664 | | |
Axon Enterprise, Inc.* (Aerospace & Defense) | | | 92 | | | | 27,601 | | |
Broadridge Financial Solutions, Inc.
(Professional Services) | | | 153 | | | | 32,742 | | |
Builders FirstSource, Inc.* (Building Products) | | | 158 | | | | 26,444 | | |
C.H. Robinson Worldwide, Inc. (Air Freight &
Logistics) | | | 151 | | | | 13,447 | | |
Carrier Global Corp. (Building Products) | | | 1,082 | | | | 73,695 | | |
Caterpillar, Inc. (Machinery) | | | 632 | | | | 218,798 | | |
Cintas Corp. (Commercial Services & Supplies) | | | 112 | | | | 85,561 | | |
Copart, Inc.* (Commercial Services & Supplies) | | | 1,130 | | | | 59,133 | | |
CSX Corp. (Ground Transportation) | | | 2,525 | | | | 88,628 | | |
Cummins, Inc. (Machinery) | | | 177 | | | | 51,649 | | |
Dayforce, Inc.* (Professional Services) | | | 205 | | | | 12,152 | | |
Deere & Co. (Machinery) | | | 334 | | | | 124,241 | | |
Delta Air Lines, Inc. (Passenger Airlines) | | | 835 | | | | 35,922 | | |
Dover Corp. (Machinery) | | | 177 | | | | 32,614 | | |
Eaton Corp. PLC (Electrical Equipment) | | | 516 | | | | 157,271 | | |
Emerson Electric Co. (Electrical Equipment) | | | 738 | | | | 86,427 | | |
Equifax, Inc. (Professional Services) | | | 159 | | | | 44,420 | | |
Expeditors International of Washington, Inc.
(Air Freight & Logistics) | | | 182 | | | | 22,717 | | |
Fastenal Co. (Trading Companies &
Distributors) | | | 741 | | | | 52,426 | | |
FedEx Corp. (Air Freight & Logistics) | | | 292 | | | | 88,257 | | |
Fortive Corp. (Machinery) | | | 455 | | | | 32,692 | | |
GE Vernova, Inc.* (Electrical Equipment) | | | 353 | | | | 62,919 | | |
Generac Holdings, Inc.* (Electrical Equipment) | | | 78 | | | | 12,143 | | |
General Dynamics Corp. (Aerospace &
Defense) | | | 293 | | | | 87,522 | | |
General Electric Co. (Industrial Conglomerates) | | | 1,414 | | | | 240,663 | | |
Honeywell International, Inc. (Industrial
Conglomerates) | | | 840 | | | | 171,990 | | |
Howmet Aerospace, Inc. (Aerospace &
Defense) | | | 502 | | | | 48,041 | | |
Hubbell, Inc. (Electrical Equipment) | | | 69 | | | | 27,300 | | |
Huntington Ingalls Industries, Inc.
(Aerospace & Defense) | | | 51 | | | | 14,279 | | |
IDEX Corp. (Machinery) | | | 98 | | | | 20,431 | | |
Illinois Tool Works, Inc. (Machinery) | | | 351 | | | | 86,795 | | |
Ingersoll Rand, Inc. (Machinery) | | | 522 | | | | 52,409 | | |
J.B. Hunt Transport Services, Inc.
(Ground Transportation) | | | 106 | | | | 18,354 | | |
Jacobs Solutions, Inc. (Professional Services) | | | 161 | | | | 23,562 | | |
Johnson Controls International PLC
(Building Products) | | | 870 | | | | 62,240 | | |
L3Harris Technologies, Inc. (Aerospace &
Defense) | | | 245 | | | | 55,588 | | |
Leidos Holdings, Inc. (Professional Services) | | | 175 | | | | 25,270 | | |
Lockheed Martin Corp. (Aerospace & Defense) | | | 275 | | | | 149,029 | | |
Masco Corp. (Building Products) | | | 285 | | | | 22,187 | | |
Nordson Corp. (Machinery) | | | 71 | | | | 17,773 | | |
Norfolk Southern Corp. (Ground Transportation) | | | 292 | | | | 72,872 | | |
Common Stocks, continued
| | | Shares | | Value | |
Northrop Grumman Corp. (Aerospace &
Defense) | | | 179 | | | $ | 86,693 | | |
Old Dominion Freight Line, Inc.
(Ground Transportation) | | | 231 | | | | 48,552 | | |
Otis Worldwide Corp. (Machinery) | | | 523 | | | | 49,424 | | |
PACCAR, Inc. (Machinery) | | | 677 | | | | 66,793 | | |
Parker-Hannifin Corp. (Machinery) | | | 166 | | | | 93,153 | | |
Paychex, Inc. (Professional Services) | | | 413 | | | | 52,872 | | |
Paycom Software, Inc. (Professional Services) | | | 62 | | | | 10,341 | | |
Pentair PLC (Machinery) | | | 215 | | | | 18,892 | | |
Quanta Services, Inc. (Construction &
Engineering) | | | 188 | | | | 49,891 | | |
Republic Services, Inc. (Commercial
Services & Supplies) | | | 264 | | | | 51,300 | | |
Rockwell Automation, Inc. (Electrical
Equipment) | | | 148 | | | | 41,240 | | |
Rollins, Inc. (Commercial Services & Supplies) | | | 364 | | | | 17,439 | | |
RTX Corp. (Aerospace & Defense) | | | 1,717 | | | | 201,731 | | |
Snap-on, Inc. (Machinery) | | | 67 | | | | 19,231 | | |
Southwest Airlines Co. (Passenger Airlines) | | | 776 | | | | 20,905 | | |
Stanley Black & Decker, Inc. (Machinery) | | | 199 | | | | 21,018 | | |
Textron, Inc. (Aerospace & Defense) | | | 246 | | | | 22,853 | | |
The Boeing Co.* (Aerospace & Defense) | | | 744 | | | | 141,806 | | |
Trane Technologies PLC (Building Products) | | | 292 | | | | 97,610 | | |
TransDigm Group, Inc. (Aerospace & Defense) | | | 72 | | | | 93,184 | | |
Uber Technologies, Inc.* (Ground
Transportation) | | | 2,697 | | | | 173,875 | | |
Union Pacific Corp. (Ground Transportation) | | | 789 | | | | 194,669 | | |
United Airlines Holdings, Inc.* (Passenger
Airlines) | | | 425 | | | | 19,304 | | |
United Parcel Service, Inc.—Class B
(Air Freight & Logistics) | | | 941 | | | | 122,678 | | |
United Rentals, Inc. (Trading Companies &
Distributors) | | | 86 | | | | 65,111 | | |
Veralto Corp. (Commercial Services & Supplies) | | | 284 | | | | 30,263 | | |
Verisk Analytics, Inc. (Professional Services) | | | 183 | | | | 47,900 | | |
W.W. Grainger, Inc. (Trading Companies &
Distributors) | | | 56 | | | | 54,701 | | |
Waste Management, Inc. (Commercial
Services & Supplies) | | | 472 | | | | 95,656 | | |
Westinghouse Air Brake Technologies Corp.
(Machinery) | | | 228 | | | | 36,742 | | |
Xylem, Inc. (Machinery) | | | 312 | | | | 41,652 | | |
TOTAL COMMON STOCKS
(Cost $2,903,483) | | | | | 5,045,177 | | |
Repurchase Agreements(a)(b) (15.5%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $978,141 | | $ | 978,000 | | | $ | 978,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $978,000) | | | | | 978,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $3,881,483)—95.5% | | | | | 6,023,177 | | |
Net other assets (liabilities)—4.5% | | | | | 284,979 | | |
NET ASSETS—100.0% | | | | $ | 6,308,156 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Industrials UltraSector ProFund :: 33
* 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, 2024, the aggregate amount held in a segregated account was $784,000.
Total Return Swap Agreements—Long
Underlying Instrument | | Counterparty | | Termination
Date(1) | | Rate Paid
(Received)(2) | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
S&P Industrials Select Sector Index | | Goldman Sachs International | | 8/23/24 | | | 6.08 | % | | $ | 1,811,481 | | | $ | 5,446 | | |
S&P Industrials Select Sector Index | | UBS AG | | 8/23/24 | | | 5.68 | % | | | 2,600,538 | | | | 28,947 | | |
| | | | | | | | | $ | 4,412,019 | | | $ | 34,393 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
Industrials UltraSector ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Aerospace & Defense | | $ | 928,327 | | | | 14.7 | % | |
Air Freight & Logistics | | | 247,099 | | | | 3.9 | % | |
Building Products | | | 310,765 | | | | 4.9 | % | |
Commercial Services & Supplies | | | 339,352 | | | | 5.4 | % | |
Construction & Engineering | | | 49,891 | | | | 0.8 | % | |
Electrical Equipment | | | 439,171 | | | | 7.0 | % | |
Ground Transportation | | | 596,950 | | | | 9.5 | % | |
Industrial Conglomerates | | | 503,979 | | | | 8.0 | % | |
Machinery | | | 984,307 | | | | 15.6 | % | |
Passenger Airlines | | | 85,175 | | | | 1.4 | % | |
Professional Services | | | 387,923 | | | | 6.1 | % | |
Trading Companies & Distributors | | | 172,238 | | | | 2.7 | % | |
Other** | | | 1,262,979 | | | | 20.0 | % | |
Total | | $ | 6,308,156 | | | | 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.
34 :: Internet UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (85.3%)
| | | Shares | | Value | |
Airbnb, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 20,144 | | | $ | 2,811,297 | | |
Akamai Technologies, Inc.* (IT Services) | | | 6,781 | | | | 666,437 | | |
Alphabet, Inc.—Class A (Interactive
Media & Services) | | | 19,533 | | | | 3,350,690 | | |
Alphabet, Inc.—Class C (Interactive
Media & Services) | | | 16,250 | | | | 2,813,688 | | |
Amazon.com, Inc.* (Broadline Retail) | | | 35,764 | | | | 6,687,153 | | |
Arista Networks, Inc.* (Communications
Equipment) | | | 9,661 | | | | 3,348,020 | | |
Atlassian Corp.*—Class A (Software) | | | 8,549 | | | | 1,509,497 | | |
Booking Holdings, Inc. (Hotels,
Restaurants & Leisure) | | | 776 | | | | 2,882,848 | | |
Box, Inc.*—Class A (Software) | | | 7,089 | | | | 199,343 | | |
Carvana Co.* (Specialty Retail) | | | 5,297 | | | | 705,719 | | |
Ciena Corp.* (Communications Equipment) | | | 6,973 | | | | 367,756 | | |
Cisco Systems, Inc. (Communications
Equipment) | | | 65,298 | | | | 3,163,688 | | |
Cloudflare, Inc.*—Class A (IT Services) | | | 13,889 | | | | 1,076,398 | | |
Confluent, Inc.*—Class A (Software) | | | 13,451 | | | | 336,544 | | |
Datadog, Inc.*—Class A (Software) | | | 12,655 | | | | 1,473,548 | | |
DocuSign, Inc.* (Software) | | | 10,257 | | | | 569,058 | | |
DoorDash, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 13,600 | | | | 1,505,792 | | |
DraftKings, Inc.* (Hotels, Restaurants &
Leisure) | | | 23,562 | | | | 870,616 | | |
Dropbox, Inc.*—Class A (Software) | | | 11,414 | | | | 273,023 | | |
eBay, Inc. (Broadline Retail) | | | 24,684 | | | | 1,372,677 | | |
GoDaddy, Inc.*—Class A (IT Services) | | | 7,443 | | | | 1,082,584 | | |
HubSpot, Inc.* (Software) | | | 2,647 | | | | 1,315,638 | | |
Juniper Networks, Inc. (Communications
Equipment) | | | 14,277 | | | | 538,100 | | |
Marathon Digital Holdings, Inc.* (Software) | | | 13,301 | | | | 261,631 | | |
Meta Platforms, Inc.—Class A (Interactive
Media & Services) | | | 12,866 | | | | 6,109,162 | | |
Netflix, Inc.* (Entertainment) | | | 6,583 | | | | 4,136,428 | | |
Nutanix, Inc.*—Class A (Software) | | | 11,146 | | | | 562,984 | | |
Okta, Inc.* (IT Services) | | | 7,122 | | | | 669,041 | | |
Paycom Software, Inc. (Professional
Services) | | | 2,665 | | | | 444,495 | | |
PayPal Holdings, Inc.* (Financial Services) | | | 44,237 | | | | 2,909,910 | | |
Pinterest, Inc.*—Class A (Interactive
Media & Services) | | | 29,521 | | | | 943,196 | | |
ROBLOX Corp.*—Class A (Entertainment) | | | 21,888 | | | | 908,790 | | |
Common Stocks, continued
| | | Shares | | Value | |
Salesforce, Inc. (Software) | | | 13,564 | | | $ | 3,510,363 | | |
Smartsheet, Inc.*—Class A (Software) | | | 5,556 | | | | 266,466 | | |
Snap, Inc.*—Class A (Interactive Media &
Services) | | | 45,483 | | | | 605,834 | | |
Snowflake, Inc.*—Class A (IT Services) | | | 15,823 | | | | 2,063,002 | | |
Teladoc Health, Inc.* (Health Care
Technology) | | | 7,690 | | | | 72,517 | | |
Veeva Systems, Inc.*—Class A (Health
Care Technology) | | | 7,296 | | | | 1,400,321 | | |
Workday, Inc.*—Class A (Software) | | | 8,664 | | | | 1,967,768 | | |
Zoom Video Communications, Inc.*—
Class A (Software) | | | 12,607 | | | | 761,463 | | |
ZoomInfo Technologies, Inc.* (Interactive
Media & Services) | | | 13,614 | | | | 154,655 | | |
TOTAL COMMON STOCKS
(Cost $31,661,667) | | | | | 66,668,140 | | |
Repurchase Agreements(a)(b) (15.6%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $12,154,755 | | $ | 12,153,000 | | | $ | 12,153,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $12,153,000) | | | | | 12,153,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $43,814,667)—100.9% | | | | | 78,821,140 | | |
Net other assets (liabilities)—(0.9)% | | | | | (712,419 | ) | |
NET ASSETS—100.0% | | | | $ | 78,108,721 | | |
* 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, 2024, the aggregate amount held in a segregated account was $10,988,000.
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 | | 8/23/24 | | | 6.08 | % | | $ | 24,218,782 | | | $ | (358,717 | ) | |
Dow Jones Composite Internet Index | | UBS AG | | 8/23/24 | | | 5.68 | % | | | 26,222,399 | | | | (340,513 | ) | |
| | | | | | | | | $ | 50,441,181 | | | $ | (699,230 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Internet UltraSector ProFund :: 35
Internet UltraSector ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Broadline Retail | | $ | 8,059,830 | | | | 10.3 | % | |
Communications Equipment | | | 7,417,564 | | | | 9.5 | % | |
Entertainment | | | 5,045,218 | | | | 6.5 | % | |
Financial Services | | | 2,909,910 | | | | 3.7 | % | |
Health Care Technology | | | 1,472,838 | | | | 1.9 | % | |
Hotels, Restaurants & Leisure | | | 8,070,552 | | | | 10.3 | % | |
Interactive Media & Services | | | 13,977,226 | | | | 17.8 | % | |
IT Services | | | 5,557,462 | | | | 7.1 | % | |
Professional Services | | | 444,495 | | | | 0.6 | % | |
Software | | | 13,007,326 | | | | 16.7 | % | |
Specialty Retail | | | 705,719 | | | | 0.9 | % | |
Other** | | | 11,440,581 | | | | 14.7 | % | |
Total | | $ | 78,108,721 | | | | 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.
36 :: Large-Cap Growth ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (99.8%)
| | | Shares | | Value | |
A.O. Smith Corp. (Building Products) | | | 70 | | | $ | 5,953 | | |
AbbVie, Inc. (Biotechnology) | | | 601 | | | | 111,378 | | |
Accenture PLC—Class A (IT Services) | | | 312 | | | | 103,154 | | |
Adobe, Inc.* (Software) | | | 413 | | | | 227,831 | | |
Advanced Micro Devices, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 1,487 | | | | 214,842 | | |
Airbnb, Inc.*—Class A (Hotels, Restaurants &
Leisure) | | | 203 | | | | 28,331 | | |
Akamai Technologies, Inc.* (IT Services) | | | 64 | | | | 6,290 | | |
Align Technology, Inc.* (Health Care
Equipment & Supplies) | | | 35 | | | | 8,116 | | |
Allegion PLC (Building Products) | | | 30 | | | | 4,104 | | |
Alphabet, Inc.—Class A (Interactive Media &
Services) | | | 5,182 | | | | 888,920 | | |
Alphabet, Inc.—Class C (Interactive Media &
Services) | | | 4,311 | | | | 746,450 | | |
Amazon.com, Inc.* (Broadline Retail) | | | 5,444 | | | | 1,017,919 | | |
American Express Co. (Consumer Finance) | | | 365 | | | | 92,359 | | |
American Tower Corp. (Specialized REITs) | | | 176 | | | | 38,790 | | |
Ameriprise Financial, Inc. (Capital Markets) | | | 48 | | | | 20,643 | | |
AMETEK, Inc. (Electrical Equipment) | | | 102 | | | | 17,695 | | |
Amphenol Corp.—Class A (Electronic
Equipment, Instruments & Components) | | | 618 | | | | 39,712 | | |
Analog Devices, Inc. (Semiconductors &
Semiconductor Equipment) | | | 270 | | | | 62,473 | | |
ANSYS, Inc.* (Software) | | | 46 | | | | 14,427 | | |
Aon PLC—Class A (Insurance) | | | 102 | | | | 33,508 | | |
APA Corp. (Oil, Gas & Consumable Fuels) | | | 331 | | | | 10,324 | | |
Apple, Inc. (Technology Hardware, Storage &
Peripherals) | | | 12,715 | | | | 2,823,746 | | |
Applied Materials, Inc. (Semiconductors &
Semiconductor Equipment) | | | 765 | | | | 162,333 | | |
Arch Capital Group, Ltd.* (Insurance) | | | 344 | | | | 32,948 | | |
Arista Networks, Inc.* (Communications
Equipment) | | | 233 | | | | 80,746 | | |
Arthur J. Gallagher & Co. (Insurance) | | | 102 | | | | 28,916 | | |
Autodesk, Inc.* (Software) | | | 102 | | | | 25,247 | | |
Automatic Data Processing, Inc. (Professional
Services) | | | 146 | | | | 38,344 | | |
AutoZone, Inc.* (Specialty Retail) | | | 11 | | | | 34,471 | | |
Axon Enterprise, Inc.* (Aerospace & Defense) | | | 66 | | | | 19,801 | | |
Blackstone, Inc. (Capital Markets) | | | 474 | | | | 67,380 | | |
Booking Holdings, Inc. (Hotels, Restaurants &
Leisure) | | | 32 | | | | 118,879 | | |
Boston Scientific Corp.* (Health Care
Equipment & Supplies) | | | 743 | | | | 54,893 | | |
Broadcom, Inc. (Semiconductors &
Semiconductor Equipment) | | | 4,010 | | | | 644,327 | | |
Broadridge Financial Solutions, Inc.
(Professional Services) | | | 61 | | | | 13,054 | | |
Brown & Brown, Inc. (Insurance) | | | 169 | | | | 16,804 | | |
Builders FirstSource, Inc.* (Building Products) | | | 113 | | | | 18,913 | | |
Cadence Design Systems, Inc.* (Software) | | | 251 | | | | 67,183 | | |
Caesars Entertainment, Inc.* (Hotels,
Restaurants & Leisure) | | | 115 | | | | 4,594 | | |
Carnival Corp.* (Hotels, Restaurants & Leisure) | | | 660 | | | | 10,996 | | |
Carrier Global Corp. (Building Products) | | | 370 | | | | 25,201 | | |
Caterpillar, Inc. (Machinery) | | | 261 | | | | 90,357 | | |
Cboe Global Markets, Inc. (Capital Markets) | | | 61 | | | | 11,194 | | |
CDW Corp. (Electronic Equipment,
Instruments & Components) | | | 52 | | | | 11,342 | | |
Common Stocks, continued
| | | Shares | | Value | |
Celanese Corp. (Chemicals) | | | 92 | | | $ | 12,986 | | |
CF Industries Holdings, Inc. (Chemicals) | | | 89 | | | | 6,799 | | |
Charter Communications, Inc.*—Class A
(Media) | | | 42 | | | | 15,948 | | |
Chipotle Mexican Grill, Inc.* (Hotels,
Restaurants & Leisure) | | | 1,263 | | | | 68,606 | | |
Church & Dwight Co., Inc. (Household
Products) | | | 102 | | | | 9,997 | | |
Cintas Corp. (Commercial Services & Supplies) | | | 43 | | | | 32,849 | | |
CME Group, Inc. (Capital Markets) | | | 119 | | | | 23,051 | | |
Colgate-Palmolive Co. (Household Products) | | | 294 | | | | 29,162 | | |
ConocoPhillips (Oil, Gas & Consumable Fuels) | | | 742 | | | | 82,509 | | |
Constellation Energy Corp. (Electric Utilities) | | | 130 | | | | 24,674 | | |
Copart, Inc.* (Commercial Services & Supplies) | | | 805 | | | | 42,127 | | |
Corpay, Inc.* (Software) | | | 64 | | | | 18,676 | | |
CoStar Group, Inc.* (Real Estate
Management & Development) | | | 161 | | | | 12,561 | | |
Costco Wholesale Corp. (Consumer Staples
Distribution & Retail) | | | 172 | | | | 141,384 | | |
Coterra Energy, Inc. (Oil, Gas & Consumable
Fuels) | | | 452 | | | | 11,662 | | |
Crowdstrike Holdings, Inc.*—Class A
(Software) | | | 213 | | | | 49,407 | | |
CSX Corp. (Ground Transportation) | | | 900 | | | | 31,590 | | |
D.R. Horton, Inc. (Household Durables) | | | 272 | | | | 48,942 | | |
Darden Restaurants, Inc. (Hotels,
Restaurants & Leisure) | | | 57 | | | | 8,339 | | |
DaVita, Inc.* (Health Care Providers & Services) | | | 26 | | | | 3,552 | | |
Dayforce, Inc.* (Professional Services) | | | 80 | | | | 4,742 | | |
Deckers Outdoor Corp.* (Textiles, Apparel &
Luxury Goods) | | | 24 | | | | 22,143 | | |
Deere & Co. (Machinery) | | | 136 | | | | 50,589 | | |
Delta Air Lines, Inc. (Passenger Airlines) | | | 332 | | | | 14,283 | | |
Dexcom, Inc.* (Health Care Equipment &
Supplies) | | | 222 | | | | 15,056 | | |
Diamondback Energy, Inc. (Oil, Gas &
Consumable Fuels) | | | 165 | | | | 33,381 | | |
Digital Realty Trust, Inc. (Specialized REITs) | | | 123 | | | | 18,387 | | |
Discover Financial Services (Consumer
Finance) | | | 125 | | | | 17,999 | | |
Domino's Pizza, Inc. (Hotels, Restaurants &
Leisure) | | | 13 | | | | 5,573 | | |
Eaton Corp. PLC (Electrical Equipment) | | | 228 | | | | 69,492 | | |
Ecolab, Inc. (Chemicals) | | | 119 | | | | 27,452 | | |
Edwards Lifesciences Corp.* (Health Care
Equipment & Supplies) | | | 204 | | | | 12,862 | | |
Electronic Arts, Inc. (Entertainment) | | | 98 | | | | 14,792 | | |
Eli Lilly & Co. (Pharmaceuticals) | | | 735 | | | | 591,138 | | |
Enphase Energy, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 46 | | | | 5,295 | | |
EOG Resources, Inc. (Oil, Gas & Consumable
Fuels) | | | 349 | | | | 44,253 | | |
EPAM Systems, Inc.* (IT Services) | | | 21 | | | | 4,518 | | |
Equifax, Inc. (Professional Services) | | | 44 | | | | 12,292 | | |
Equinix, Inc. (Specialized REITs) | | | 41 | | | | 32,400 | | |
Etsy, Inc.* (Broadline Retail) | | | 46 | | | | 2,996 | | |
Expedia Group, Inc.* (Hotels, Restaurants &
Leisure) | | | 116 | | | | 14,810 | | |
Expeditors International of Washington, Inc.
(Air Freight & Logistics) | | | 48 | | | | 5,991 | | |
FactSet Research Systems, Inc. (Capital
Markets) | | | 16 | | | | 6,609 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Large-Cap Growth ProFund :: 37
Common Stocks, continued
| | | Shares | | Value | |
Fair Isaac Corp.* (Software) | | | 24 | | | $ | 38,400 | | |
Fastenal Co. (Trading Companies &
Distributors) | | | 262 | | | | 18,537 | | |
First Horizon Corp. (Banks) | | | 1 | | | | 13 | | |
Fiserv, Inc.* (Financial Services) | | | 279 | | | | 45,636 | | |
Fortinet, Inc.* (Software) | | | 583 | | | | 33,837 | | |
Fortive Corp. (Machinery) | | | 323 | | | | 23,208 | | |
Freeport-McMoRan, Inc. (Metals & Mining) | | | 660 | | | | 29,970 | | |
Garmin, Ltd. (Household Durables) | | | 77 | | | | 13,186 | | |
Gartner, Inc.* (IT Services) | | | 71 | | | | 35,584 | | |
GE Vernova, Inc.* (Electrical Equipment) | | | 107 | | | | 19,072 | | |
Generac Holdings, Inc.* (Electrical Equipment) | | | 34 | | | | 5,293 | | |
General Electric Co. (Industrial Conglomerates) | | | 433 | | | | 73,697 | | |
GoDaddy, Inc.*—Class A (IT Services) | | | 129 | | | | 18,763 | | |
HCA Healthcare, Inc. (Health Care Providers &
Services) | | | 86 | | | | 31,222 | | |
Hess Corp. (Oil, Gas & Consumable Fuels) | | | 254 | | | | 38,969 | | |
Hilton Worldwide Holdings, Inc. (Hotels,
Restaurants & Leisure) | | | 230 | | | | 49,374 | | |
Host Hotels & Resorts, Inc. (Hotel & Resort
REITs) | | | 389 | | | | 6,811 | | |
Howmet Aerospace, Inc. (Aerospace &
Defense) | | | 206 | | | | 19,714 | | |
Hubbell, Inc. (Electrical Equipment) | | | 24 | | | | 9,496 | | |
IDEXX Laboratories, Inc.* (Health Care
Equipment & Supplies) | | | 43 | | | | 20,473 | | |
Illinois Tool Works, Inc. (Machinery) | | | 115 | | | | 28,437 | | |
Ingersoll Rand, Inc. (Machinery) | | | 285 | | | | 28,614 | | |
Insulet Corp.* (Health Care Equipment &
Supplies) | | | 25 | | | | 4,859 | | |
Intuit, Inc. (Software) | | | 258 | | | | 167,016 | | |
Intuitive Surgical, Inc.* (Health Care
Equipment & Supplies) | | | 215 | | | | 95,591 | | |
IQVIA Holdings, Inc.* (Life Sciences Tools &
Services) | | | 63 | | | | 15,512 | | |
Iron Mountain, Inc. (Specialized REITs) | | | 137 | | | | 14,051 | | |
Jabil, Inc. (Electronic Equipment, Instruments &
Components) | | | 59 | | | | 6,648 | | |
KKR & Co., Inc. (Capital Markets) | | | 612 | | | | 75,552 | | |
KLA Corp. (Semiconductors & Semiconductor
Equipment) | | | 124 | | | | 102,061 | | |
Lam Research Corp. (Semiconductors &
Semiconductor Equipment) | | | 120 | | | | 110,549 | | |
Lamb Weston Holdings, Inc. (Food Products) | | | 87 | | | | 5,222 | | |
Las Vegas Sands Corp. (Hotels, Restaurants &
Leisure) | | | 204 | | | | 8,093 | | |
Lennar Corp.—Class A (Household Durables) | | | 127 | | | | 22,470 | | |
Linde PLC (Chemicals) | | | 230 | | | | 104,304 | | |
Live Nation Entertainment, Inc.*
(Entertainment) | | | 130 | | | | 12,505 | | |
Lululemon Athletica, Inc.* (Textiles, Apparel &
Luxury Goods) | | | 105 | | | | 27,159 | | |
Marathon Oil Corp. (Oil, Gas & Consumable
Fuels) | | | 275 | | | | 7,714 | | |
Marathon Petroleum Corp. (Oil, Gas &
Consumable Fuels) | | | 178 | | | | 31,510 | | |
Marriott International, Inc.—Class A (Hotels,
Restaurants & Leisure) | | | 222 | | | | 50,393 | | |
Marsh & McLennan Cos., Inc. (Insurance) | | | 235 | | | | 52,304 | | |
Martin Marietta Materials, Inc. (Construction
Materials) | | | 38 | | | | 22,547 | | |
Masco Corp. (Building Products) | | | 109 | | | | 8,486 | | |
Common Stocks, continued
| | | Shares | | Value | |
Mastercard, Inc.—Class A (Financial Services) | | | 545 | | | $ | 252,722 | | |
McDonald's Corp. (Hotels, Restaurants &
Leisure) | | | 292 | | | | 77,497 | | |
Merck & Co., Inc. (Pharmaceuticals) | | | 933 | | | | 105,550 | | |
Meta Platforms, Inc.—Class A (Interactive
Media & Services) | | | 2,018 | | | | 958,208 | | |
Mettler-Toledo International, Inc.* (Life
Sciences Tools & Services) | | | 7 | | | | 10,647 | | |
MGM Resorts International* (Hotels,
Restaurants & Leisure) | | | 156 | | | | 6,703 | | |
Microchip Technology, Inc. (Semiconductors &
Semiconductor Equipment) | | | 293 | | | | 26,013 | | |
Microsoft Corp. (Software) | | | 6,557 | | | | 2,743,122 | | |
Molina Healthcare, Inc.* (Health Care
Providers & Services) | | | 32 | | | | 10,921 | | |
Mondelez International, Inc.—Class A (Food
Products) | | | 517 | | | | 35,337 | | |
Monolithic Power Systems, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 45 | | | | 38,839 | | |
Monster Beverage Corp.* (Beverages) | | | 391 | | | | 20,117 | | |
Moody's Corp. (Capital Markets) | | | 69 | | | | 31,497 | | |
Motorola Solutions, Inc. (Communications
Equipment) | | | 89 | | | | 35,504 | | |
MSCI, Inc. (Capital Markets) | | | 42 | | | | 22,712 | | |
NetApp, Inc. (Technology Hardware, Storage &
Peripherals) | | | 70 | | | | 8,889 | | |
Netflix, Inc.* (Entertainment) | | | 396 | | | | 248,826 | | |
NIKE, Inc.—Class B (Textiles, Apparel &
Luxury Goods) | | | 478 | | | | 35,784 | | |
Norwegian Cruise Line Holdings, Ltd.* (Hotels,
Restaurants & Leisure) | | | 395 | | | | 7,280 | | |
Nucor Corp. (Metals & Mining) | | | 139 | | | | 22,649 | | |
NVIDIA Corp. (Semiconductors &
Semiconductor Equipment) | | | 21,701 | | | | 2,539,450 | | |
NVR, Inc.* (Household Durables) | | | 3 | | | | 25,822 | | |
NXP Semiconductors N.V. (Semiconductors &
Semiconductor Equipment) | | | 176 | | | | 46,316 | | |
Old Dominion Freight Line, Inc. (Ground
Transportation) | | | 165 | | | | 34,680 | | |
ON Semiconductor Corp.* (Semiconductors &
Semiconductor Equipment) | | | 174 | | | | 13,616 | | |
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | | | 333 | | | | 27,749 | | |
Oracle Corp. (Software) | | | 1,468 | | | | 204,713 | | |
O'Reilly Automotive, Inc.* (Specialty Retail) | | | 40 | | | | 45,054 | | |
Otis Worldwide Corp. (Machinery) | | | 144 | | | | 13,608 | | |
PACCAR, Inc. (Machinery) | | | 351 | | | | 34,630 | | |
Palo Alto Networks, Inc.* (Software) | | | 298 | | | | 96,770 | | |
Parker-Hannifin Corp. (Machinery) | | | 92 | | | | 51,627 | | |
Paychex, Inc. (Professional Services) | | | 118 | | | | 15,106 | | |
Paycom Software, Inc. (Professional Services) | | | 19 | | | | 3,169 | | |
Pentair PLC (Machinery) | | | 106 | | | | 9,314 | | |
PepsiCo, Inc. (Beverages) | | | 456 | | | | 78,738 | | |
Philip Morris International, Inc. (Tobacco) | | | 529 | | | | 60,920 | | |
Pool Corp. (Distributors) | | | 20 | | | | 7,481 | | |
PTC, Inc.* (Software) | | | 67 | | | | 11,916 | | |
Public Storage (Specialized REITs) | | | 61 | | | | 18,051 | | |
PulteGroup, Inc. (Household Durables) | | | 193 | | | | 25,476 | | |
QUALCOMM, Inc. (Semiconductors &
Semiconductor Equipment) | | | 534 | | | | 96,627 | | |
Quanta Services, Inc. (Construction &
Engineering) | | | 93 | | | | 24,680 | | |
See accompanying notes to the financial statements.
38 :: Large-Cap Growth ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Ralph Lauren Corp. (Textiles, Apparel &
Luxury Goods) | | | 19 | | | $ | 3,336 | | |
Regeneron Pharmaceuticals, Inc.*
(Biotechnology) | | | 58 | | | | 62,593 | | |
Republic Services, Inc. (Commercial Services &
Supplies) | | | 107 | | | | 20,792 | | |
Rockwell Automation, Inc. (Electrical
Equipment) | | | 51 | | | | 14,211 | | |
Rollins, Inc. (Commercial Services & Supplies) | | | 110 | | | | 5,270 | | |
Roper Technologies, Inc. (Software) | | | 43 | | | | 23,424 | | |
Ross Stores, Inc. (Specialty Retail) | | | 308 | | | | 44,115 | | |
Royal Caribbean Cruises, Ltd.* (Hotels,
Restaurants & Leisure) | | | 218 | | | | 34,165 | | |
S&P Global, Inc. (Capital Markets) | | | 129 | | | | 62,530 | | |
Salesforce, Inc. (Software) | | | 895 | | | | 231,627 | | |
SBA Communications Corp. (Specialized REITs) | | | 40 | | | | 8,782 | | |
Seagate Technology Holdings PLC (Technology
Hardware, Storage & Peripherals) | | | 74 | | | | 7,561 | | |
ServiceNow, Inc.* (Software) | | | 188 | | | | 153,105 | | |
Simon Property Group, Inc. (Retail REITs) | | | 111 | | | | 17,032 | | |
Snap-on, Inc. (Machinery) | | | 23 | | | | 6,602 | | |
Starbucks Corp. (Hotels, Restaurants & Leisure) | | | 614 | | | | 47,861 | | |
Steel Dynamics, Inc. (Metals & Mining) | | | 86 | | | | 11,457 | | |
STERIS PLC (Health Care Equipment &
Supplies) | | | 51 | | | | 12,177 | | |
Stryker Corp. (Health Care Equipment &
Supplies) | | | 200 | | | | 65,490 | | |
Super Micro Computer, Inc.* (Technology
Hardware, Storage & Peripherals) | | | 46 | | | | 32,276 | | |
Synopsys, Inc.* (Software) | | | 140 | | | | 78,165 | | |
Take-Two Interactive Software, Inc.*
(Entertainment) | | | 73 | | | | 10,989 | | |
Targa Resources Corp. (Oil, Gas & Consumable
Fuels) | | | 204 | | | | 27,597 | | |
TE Connectivity, Ltd. (Electronic Equipment,
Instruments & Components) | | | 110 | | | | 16,976 | | |
Tesla, Inc.* (Automobiles) | | | 2,554 | | | | 592,707 | | |
Texas Instruments, Inc. (Semiconductors &
Semiconductor Equipment) | | | 310 | | | | 63,181 | | |
The Boeing Co.* (Aerospace & Defense) | | | 233 | | | | 44,410 | | |
The Coca-Cola Co. (Beverages) | | | 1,391 | | | | 92,834 | | |
The Cooper Cos., Inc.* (Health Care
Equipment & Supplies) | | | 76 | | | | 7,093 | | |
The Hershey Co. (Food Products) | | | 51 | | | | 10,071 | | |
The Home Depot, Inc. (Specialty Retail) | | | 337 | | | | 124,069 | | |
The Procter & Gamble Co. (Household
Products) | | | 847 | | | | 136,164 | | |
The Progressive Corp. (Insurance) | | | 269 | | | | 57,598 | | |
The Sherwin-Williams Co. (Chemicals) | | | 107 | | | | 37,536 | | |
The TJX Cos., Inc. (Specialty Retail) | | | 677 | | | | 76,515 | | |
The Williams Cos., Inc. (Oil, Gas & Consumable
Fuels) | | | 437 | | | | 18,765 | | |
Thermo Fisher Scientific, Inc. (Life Sciences
Tools & Services) | | | 134 | | | | 82,187 | | |
Tractor Supply Co. (Specialty Retail) | | | 42 | | | | 11,059 | | |
Trane Technologies PLC (Building Products) | | | 144 | | | | 48,136 | | |
TransDigm Group, Inc. (Aerospace & Defense) | | | 52 | | | | 67,298 | | |
Common Stocks, continued
| | | Shares | | Value | |
Tyler Technologies, Inc.* (Software) | | | 39 | | | $ | 22,156 | | |
Uber Technologies, Inc.* (Ground
Transportation) | | | 1,922 | | | | 123,910 | | |
Ulta Beauty, Inc.* (Specialty Retail) | | | 30 | | | | 10,947 | | |
Union Pacific Corp. (Ground Transportation) | | | 253 | | | | 62,423 | | |
United Rentals, Inc. (Trading Companies &
Distributors) | | | 61 | | | | 46,183 | | |
UnitedHealth Group, Inc. (Health Care
Providers & Services) | | | 322 | | | | 185,524 | | |
VeriSign, Inc.* (IT Services) | | | 38 | | | | 7,106 | | |
Verisk Analytics, Inc. (Professional Services) | | | 72 | | | | 18,846 | | |
Vertex Pharmaceuticals, Inc.* (Biotechnology) | | | 153 | | | | 75,845 | | |
Visa, Inc.—Class A (Financial Services) | | | 956 | | | | 253,981 | | |
Vistra Corp. (Independent Power and
Renewable Electricity Producers) | | | 300 | | | | 23,766 | | |
Vulcan Materials Co. (Construction Materials) | | | 78 | | | | 21,412 | | |
W.W. Grainger, Inc. (Trading Companies &
Distributors) | | | 31 | | | | 30,281 | | |
Waste Management, Inc. (Commercial
Services & Supplies) | | | 158 | | | | 32,020 | | |
Waters Corp.* (Life Sciences Tools & Services) | | | 20 | | | | 6,726 | | |
West Pharmaceutical Services, Inc. (Life
Sciences Tools & Services) | | | 68 | | | | 20,820 | | |
Wynn Resorts, Ltd. (Hotels, Restaurants &
Leisure) | | | 86 | | | | 7,123 | | |
Yum! Brands, Inc. (Hotels, Restaurants &
Leisure) | | | 119 | | | | 15,807 | | |
Zoetis, Inc. (Pharmaceuticals) | | | 230 | | | | 41,409 | | |
TOTAL COMMON STOCKS
(Cost $13,163,648) | | | | | 22,987,985 | | |
Repurchase Agreements(a) (0.4%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $88,013 | | $ | 88,000 | | | $ | 88,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $88,000) | | | | | 88,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $13,251,648)—100.2% | | | | | 23,075,985 | | |
Net other assets (liabilities)—(0.2)% | | | | | (51,648 | ) | |
NET ASSETS—100.0% | | | | $ | 23,024,337 | | |
* 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.
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Large-Cap Growth ProFund :: 39
Large-Cap Growth ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Aerospace & Defense | | $ | 151,224 | | | | 0.6 | % | |
Air Freight & Logistics | | | 5,991 | | | | NM | | |
Automobiles | | | 592,707 | | | | 2.6 | % | |
Banks | | | 13 | | | | NM | | |
Beverages | | | 191,690 | | | | 0.8 | % | |
Biotechnology | | | 249,815 | | | | 1.1 | % | |
Broadline Retail | | | 1,020,916 | | | | 4.4 | % | |
Building Products | | | 110,793 | | | | 0.5 | % | |
Capital Markets | | | 321,168 | | | | 1.4 | % | |
Chemicals | | | 189,077 | | | | 0.8 | % | |
Commercial Services & Supplies | | | 133,058 | | | | 0.6 | % | |
Communications Equipment | | | 116,250 | | | | 0.5 | % | |
Construction & Engineering | | | 24,680 | | | | 0.1 | % | |
Construction Materials | | | 43,959 | | | | 0.2 | % | |
Consumer Finance | | | 110,358 | | | | 0.5 | % | |
Consumer Staples Distribution & Retail | | | 141,384 | | | | 0.6 | % | |
Distributors | | | 7,481 | | | | NM | | |
Electric Utilities | | | 24,674 | | | | 0.1 | % | |
Electrical Equipment | | | 135,259 | | | | 0.6 | % | |
Electronic Equipment, Instruments &
Components | | | 74,678 | | | | 0.3 | % | |
Entertainment | | | 287,112 | | | | 1.2 | % | |
Financial Services | | | 552,338 | | | | 2.4 | % | |
Food Products | | | 50,630 | | | | 0.2 | % | |
Ground Transportation | | | 252,604 | | | | 1.1 | % | |
Health Care Equipment & Supplies | | | 296,610 | | | | 1.3 | % | |
Health Care Providers & Services | | | 231,219 | | | | 1.0 | % | |
Hotel & Resort REITs | | | 6,811 | | | | NM | | |
Hotels, Restaurants & Leisure | | | 564,424 | | | | 2.4 | % | |
Household Durables | | | 135,896 | | | | 0.6 | % | |
Household Products | | | 175,323 | | | | 0.8 | % | |
Independent Power and Renewable
Electricity Producers | | | 23,766 | | | | 0.1 | % | |
| | | Value | | % of
Net Assets | |
Industrial Conglomerates | | $ | 73,697 | | | | 0.3 | % | |
Insurance | | | 222,078 | | | | 1.0 | % | |
Interactive Media & Services | | | 2,593,577 | | | | 11.3 | % | |
IT Services | | | 175,415 | | | | 0.8 | % | |
Life Sciences Tools & Services | | | 135,892 | | | | 0.6 | % | |
Machinery | | | 336,986 | | | | 1.5 | % | |
Media | | | 15,948 | | | | 0.1 | % | |
Metals & Mining | | | 64,076 | | | | 0.3 | % | |
Oil, Gas & Consumable Fuels | | | 334,433 | | | | 1.4 | % | |
Passenger Airlines | | | 14,283 | | | | 0.1 | % | |
Pharmaceuticals | | | 738,098 | | | | 3.2 | % | |
Professional Services | | | 105,553 | | | | 0.4 | % | |
Real Estate Management &
Development | | | 12,561 | | | | NM | | |
Retail REITs | | | 17,032 | | | | 0.1 | % | |
Semiconductors & Semiconductor
Equipment | | | 4,125,921 | | | | 17.9 | % | |
Software | | | 4,207,021 | | | | 18.3 | % | |
Specialized REITs | | | 130,461 | | | | 0.6 | % | |
Specialty Retail | | | 346,230 | | | | 1.5 | % | |
Technology Hardware, Storage &
Peripherals | | | 2,872,472 | | | | 12.5 | % | |
Textiles, Apparel & Luxury Goods | | | 88,422 | | | | 0.4 | % | |
Tobacco | | | 60,920 | | | | 0.3 | % | |
Trading Companies & Distributors | | | 95,001 | | | | 0.4 | % | |
Other** | | | 36,352 | | | | 0.2 | % | |
Total | | $ | 23,024,337 | | | | 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%.
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
40 :: Large-Cap Value ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (99.8%)
| | | Shares | | Value | |
3M Co. (Industrial Conglomerates) | | | 194 | | | $ | 24,745 | | |
A.O. Smith Corp. (Building Products) | | | 14 | | | | 1,191 | | |
Abbott Laboratories (Health Care Equipment &
Supplies) | | | 612 | | | | 64,834 | | |
AbbVie, Inc. (Biotechnology) | | | 392 | | | | 72,646 | | |
Accenture PLC—Class A (IT Services) | | | 101 | | | | 33,392 | | |
Aflac, Inc. (Insurance) | | | 181 | | | | 17,264 | | |
Agilent Technologies, Inc. (Life Sciences
Tools & Services) | | | 102 | | | | 14,423 | | |
Air Products and Chemicals, Inc. (Chemicals) | | | 79 | | | | 20,843 | | |
Airbnb, Inc.*—Class A (Hotels, Restaurants &
Leisure) | | | 78 | | | | 10,886 | | |
Akamai Technologies, Inc.* (IT Services) | | | 28 | | | | 2,752 | | |
Albemarle Corp. (Chemicals) | | | 42 | | | | 3,934 | | |
Alexandria Real Estate Equities, Inc.
(Office REITs) | | | 55 | | | | 6,451 | | |
Align Technology, Inc.* (Health Care
Equipment & Supplies) | | | 12 | | | | 2,783 | | |
Allegion PLC (Building Products) | | | 17 | | | | 2,326 | | |
Alliant Energy Corp. (Electric Utilities) | | | 90 | | | | 5,009 | | |
Altria Group, Inc. (Tobacco) | | | 605 | | | | 29,651 | | |
Amcor PLC (Containers & Packaging) | | | 512 | | | | 5,391 | | |
Ameren Corp. (Multi-Utilities) | | | 94 | | | | 7,451 | | |
American Airlines Group, Inc.* (Passenger
Airlines) | | | 232 | | | | 2,468 | | |
American Electric Power Co., Inc. (Electric
Utilities) | | | 185 | | | | 18,152 | | |
American Express Co. (Consumer Finance) | | | 59 | | | | 14,929 | | |
American International Group, Inc. (Insurance) | | | 233 | | | | 18,461 | | |
American Tower Corp. (Specialized REITs) | | | 97 | | | | 21,379 | | |
American Water Works Co., Inc. (Water
Utilities) | | | 67 | | | | 9,538 | | |
Ameriprise Financial, Inc. (Capital Markets) | | | 15 | | | | 6,451 | | |
AMETEK, Inc. (Electrical Equipment) | | | 42 | | | | 7,286 | | |
Amgen, Inc. (Biotechnology) | | | 188 | | | | 62,504 | | |
Amphenol Corp.—Class A (Electronic
Equipment, Instruments & Components) | | | 186 | | | | 11,953 | | |
Analog Devices, Inc. (Semiconductors &
Semiconductor Equipment) | | | 72 | | | | 16,659 | | |
ANSYS, Inc.* (Software) | | | 14 | | | | 4,391 | | |
Aon PLC—Class A (Insurance) | | | 38 | | | | 12,483 | | |
Aptiv PLC* (Automobile Components) | | | 96 | | | | 6,661 | | |
Archer-Daniels-Midland Co. (Food Products) | | | 176 | | | | 10,914 | | |
Arthur J. Gallagher & Co. (Insurance) | | | 38 | | | | 10,773 | | |
Assurant, Inc. (Insurance) | | | 17 | | | | 2,973 | | |
AT&T, Inc. (Diversified Telecommunication
Services) | | | 2,525 | | | | 48,606 | | |
Atmos Energy Corp. (Gas Utilities) | | | 52 | | | | 6,650 | | |
Autodesk, Inc.* (Software) | | | 37 | | | | 9,158 | | |
Automatic Data Processing, Inc. (Professional
Services) | | | 88 | | | | 23,110 | | |
AutoZone, Inc.* (Specialty Retail) | | | 2 | | | | 6,267 | | |
AvalonBay Communities, Inc. (Residential
REITs) | | | 51 | | | | 10,450 | | |
Avery Dennison Corp. (Containers & Packaging) | | | 28 | | | | 6,071 | | |
Baker Hughes Co. (Energy Equipment &
Services) | | | 353 | | | | 13,668 | | |
Ball Corp. (Containers & Packaging) | | | 112 | | | | 7,149 | | |
Bank of America Corp. (Banks) | | | 2,397 | | | | 96,623 | | |
Bath & Body Works, Inc. (Specialty Retail) | | | 82 | | | | 3,014 | | |
Common Stocks, continued
| | | Shares | | Value | |
Baxter International, Inc. (Health Care
Equipment & Supplies) | | | 182 | | | $ | 6,519 | | |
Becton, Dickinson & Co. (Health Care
Equipment & Supplies) | | | 100 | | | | 24,105 | | |
Berkshire Hathaway, Inc.*—Class B (Financial
Services) | | | 638 | | | | 279,764 | | |
Best Buy Co., Inc. (Specialty Retail) | | | 69 | | | | 5,970 | | |
Biogen, Inc.* (Biotechnology) | | | 51 | | | | 10,873 | | |
Bio-Rad Laboratories, Inc.*—Class A (Life
Sciences Tools & Services) | | | 7 | | | | 2,369 | | |
Bio-Techne Corp. (Life Sciences Tools &
Services) | | | 56 | | | | 4,569 | | |
BlackRock, Inc. (Capital Markets) | | | 50 | | | | 43,825 | | |
Blackstone, Inc. (Capital Markets) | | | 69 | | | | 9,808 | | |
BorgWarner, Inc. (Automobile Components) | | | 84 | | | | 2,966 | | |
Boston Scientific Corp.* (Health Care
Equipment & Supplies) | | | 233 | | | | 17,214 | | |
Bristol-Myers Squibb Co. (Pharmaceuticals) | | | 717 | | | | 34,101 | | |
Broadridge Financial Solutions, Inc.
(Professional Services) | | | 16 | | | | 3,424 | | |
Brown & Brown, Inc. (Insurance) | | | 17 | | | | 1,690 | | |
Brown-Forman Corp.—Class B (Beverages) | | | 64 | | | | 2,890 | | |
Bunge Global SA (Food Products) | | | 50 | | | | 5,262 | | |
BXP, Inc. (Office REITs) | | | 52 | | | | 3,708 | | |
C.H. Robinson Worldwide, Inc. (Air Freight &
Logistics) | | | 42 | | | | 3,740 | | |
Caesars Entertainment, Inc.* (Hotels,
Restaurants & Leisure) | | | 34 | | | | 1,358 | | |
Camden Property Trust (Residential REITs) | | | 38 | | | | 4,209 | | |
Campbell Soup Co. (Food Products) | | | 70 | | | | 3,280 | | |
Capital One Financial Corp. (Consumer Finance) | | | 136 | | | | 20,591 | | |
Cardinal Health, Inc. (Health Care Providers &
Services) | | | 86 | | | | 8,671 | | |
CarMax, Inc.* (Specialty Retail) | | | 56 | | | | 4,729 | | |
Carnival Corp.* (Hotels, Restaurants & Leisure) | | | 104 | | | | 1,733 | | |
Carrier Global Corp. (Building Products) | | | 154 | | | | 10,489 | | |
Catalent, Inc.* (Pharmaceuticals) | | | 65 | | | | 3,857 | | |
Caterpillar, Inc. (Machinery) | | | 72 | | | | 24,926 | | |
Cboe Global Markets, Inc. (Capital Markets) | | | 14 | | | | 2,569 | | |
CBRE Group, Inc.*—Class A (Real Estate
Management & Development) | | | 107 | | | | 12,060 | | |
CDW Corp. (Electronic Equipment,
Instruments & Components) | | | 27 | | | | 5,889 | | |
Cencora, Inc. (Health Care Providers & Services) | | | 58 | | | | 13,797 | | |
Centene Corp.* (Health Care Providers &
Services) | | | 189 | | | | 14,538 | | |
CenterPoint Energy, Inc. (Multi-Utilities) | | | 229 | | | | 6,355 | | |
CF Industries Holdings, Inc. (Chemicals) | | | 28 | | | | 2,139 | | |
Charles River Laboratories International, Inc.*
(Life Sciences Tools & Services) | | | 16 | | | | 3,906 | | |
Charter Communications, Inc.*—Class A
(Media) | | | 17 | | | | 6,455 | | |
Chevron Corp. (Oil, Gas & Consumable Fuels) | | | 604 | | | | 96,923 | | |
Chubb, Ltd. (Insurance) | | | 144 | | | | 39,695 | | |
Church & Dwight Co., Inc. (Household
Products) | | | 46 | | | | 4,508 | | |
Cincinnati Financial Corp. (Insurance) | | | 55 | | | | 7,184 | | |
Cintas Corp. (Commercial Services & Supplies) | | | 14 | | | | 10,695 | | |
Cisco Systems, Inc. (Communications
Equipment) | | | 1,427 | | | | 69,138 | | |
Citigroup, Inc. (Banks) | | | 673 | | | | 43,664 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Large-Cap Value ProFund :: 41
Common Stocks, continued
| | | Shares | | Value | |
Citizens Financial Group, Inc. (Banks) | | | 162 | | | $ | 6,913 | | |
CME Group, Inc. (Capital Markets) | | | 81 | | | | 15,691 | | |
CMS Energy Corp. (Multi-Utilities) | | | 107 | | | | 6,934 | | |
Cognizant Technology Solutions Corp.—
Class A (IT Services) | | | 176 | | | | 13,320 | | |
Colgate-Palmolive Co. (Household Products) | | | 176 | | | | 17,457 | | |
Comcast Corp.—Class A (Media) | | | 1,379 | | | | 56,912 | | |
Conagra Brands, Inc. (Food Products) | | | 171 | | | | 5,185 | | |
ConocoPhillips (Oil, Gas & Consumable Fuels) | | | 128 | | | | 14,234 | | |
Consolidated Edison, Inc. (Multi-Utilities) | | | 122 | | | | 11,897 | | |
Constellation Brands, Inc.—Class A (Beverages) | | | 56 | | | | 13,729 | | |
Constellation Energy Corp. (Electric Utilities) | | | 60 | | | | 11,388 | | |
Corning, Inc. (Electronic Equipment,
Instruments & Components) | | | 274 | | | | 10,963 | | |
Corteva, Inc. (Chemicals) | | | 247 | | | | 13,857 | | |
CoStar Group, Inc.* (Real Estate
Management & Development) | | | 81 | | | | 6,320 | | |
Costco Wholesale Corp. (Consumer Staples
Distribution & Retail) | | | 91 | | | | 74,803 | | |
Coterra Energy, Inc. (Oil, Gas & Consumable
Fuels) | | | 91 | | | | 2,348 | | |
Crown Castle, Inc. (Specialized REITs) | | | 152 | | | | 16,732 | | |
CSX Corp. (Ground Transportation) | | | 347 | | | | 12,180 | | |
Cummins, Inc. (Machinery) | | | 49 | | | | 14,298 | | |
CVS Health Corp. (Health Care Providers &
Services) | | | 441 | | | | 26,606 | | |
Danaher Corp. (Life Sciences Tools & Services) | | | 233 | | | | 64,559 | | |
Darden Restaurants, Inc. (Hotels, Restaurants &
Leisure) | | | 19 | | | | 2,780 | | |
DaVita, Inc.* (Health Care Providers & Services) | | | 8 | | | | 1,093 | | |
Dayforce, Inc.* (Professional Services) | | | 27 | | | | 1,601 | | |
Deere & Co. (Machinery) | | | 41 | | | | 15,251 | | |
Delta Air Lines, Inc. (Passenger Airlines) | | | 102 | | | | 4,388 | | |
Devon Energy Corp. (Oil, Gas & Consumable
Fuels) | | | 224 | | | | 10,535 | | |
Dexcom, Inc.* (Health Care Equipment &
Supplies) | | | 55 | | | | 3,730 | | |
Digital Realty Trust, Inc. (Specialized REITs) | | | 67 | | | | 10,016 | | |
Discover Financial Services (Consumer
Finance) | | | 41 | | | | 5,904 | | |
Dollar General Corp. (Consumer Staples
Distribution & Retail) | | | 78 | | | | 9,390 | | |
Dollar Tree, Inc.* (Consumer Staples
Distribution & Retail) | | | 73 | | | | 7,617 | | |
Dominion Energy, Inc. (Multi-Utilities) | | | 297 | | | | 15,878 | | |
Domino's Pizza, Inc. (Hotels, Restaurants &
Leisure) | | | 7 | | | | 3,001 | | |
Dover Corp. (Machinery) | | | 49 | | | | 9,029 | | |
Dow, Inc. (Chemicals) | | | 249 | | | | 13,563 | | |
DTE Energy Co. (Multi-Utilities) | | | 73 | | | | 8,799 | | |
Duke Energy Corp. (Electric Utilities) | | | 271 | | | | 29,612 | | |
DuPont de Nemours, Inc. (Chemicals) | | | 148 | | | | 12,388 | | |
Eastman Chemical Co. (Chemicals) | | | 42 | | | | 4,340 | | |
Eaton Corp. PLC (Electrical Equipment) | | | 52 | | | | 15,849 | | |
eBay, Inc. (Broadline Retail) | | | 179 | | | | 9,954 | | |
Ecolab, Inc. (Chemicals) | | | 43 | | | | 9,920 | | |
Edison International (Electric Utilities) | | | 136 | | | | 10,881 | | |
Edwards Lifesciences Corp.* (Health Care
Equipment & Supplies) | | | 135 | | | | 8,512 | | |
Electronic Arts, Inc. (Entertainment) | | | 49 | | | | 7,396 | | |
Common Stocks, continued
| | | Shares | | Value | |
Elevance Health, Inc. (Health Care Providers &
Services) | | | 81 | | | $ | 43,094 | | |
Emerson Electric Co. (Electrical Equipment) | | | 201 | | | | 23,539 | | |
Enphase Energy, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 30 | | | | 3,453 | | |
Entergy Corp. (Electric Utilities) | | | 76 | | | | 8,814 | | |
EOG Resources, Inc. (Oil, Gas & Consumable
Fuels) | | | 67 | | | | 8,496 | | |
EPAM Systems, Inc.* (IT Services) | | | 13 | | | | 2,797 | | |
EQT Corp. (Oil, Gas & Consumable Fuels) | | | 210 | | | | 7,247 | | |
Equifax, Inc. (Professional Services) | | | 26 | | | | 7,264 | | |
Equinix, Inc. (Specialized REITs) | | | 16 | | | | 12,644 | | |
Equity Residential (Residential REITs) | | | 122 | | | | 8,494 | | |
Essex Property Trust, Inc. (Residential REITs) | | | 22 | | | | 6,124 | | |
Etsy, Inc.* (Broadline Retail) | | | 25 | | | | 1,629 | | |
Everest Group, Ltd. (Insurance) | | | 14 | | | | 5,500 | | |
Evergy, Inc. (Electric Utilities) | | | 82 | | | | 4,756 | | |
Eversource Energy (Electric Utilities) | | | 125 | | | | 8,114 | | |
Exelon Corp. (Electric Utilities) | | | 353 | | | | 13,132 | | |
Expeditors International of Washington, Inc.
(Air Freight & Logistics) | | | 31 | | | | 3,869 | | |
Extra Space Storage, Inc. (Specialized REITs) | | | 74 | | | | 11,812 | | |
Exxon Mobil Corp. (Oil, Gas & Consumable
Fuels) | | | 1,580 | | | | 187,371 | | |
F5, Inc.* (Communications Equipment) | | | 20 | | | | 4,073 | | |
FactSet Research Systems, Inc. (Capital
Markets) | | | 7 | | | | 2,892 | | |
Fastenal Co. (Trading Companies & Distributors) | | | 101 | | | | 7,146 | | |
Federal Realty Investment Trust (Retail REITs) | | | 26 | | | | 2,903 | | |
FedEx Corp. (Air Freight & Logistics) | | | 80 | | | | 24,180 | | |
Fidelity National Information Services, Inc.
(Financial Services) | | | 197 | | | | 15,136 | | |
Fifth Third Bancorp (Banks) | | | 242 | | | | 10,246 | | |
First Horizon Corp. (Banks) | | | 1 | | | | 14 | | |
First Solar, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 38 | | | | 8,208 | | |
FirstEnergy Corp. (Electric Utilities) | | | 184 | | | | 7,711 | | |
Fiserv, Inc.* (Financial Services) | | | 99 | | | | 16,193 | | |
FMC Corp. (Chemicals) | | | 44 | | | | 2,568 | | |
Ford Motor Co. (Automobiles) | | | 1,383 | | | | 14,964 | | |
Fox Corp.—Class A (Media) | | | 85 | | | | 3,233 | | |
Fox Corp.—Class B (Media) | | | 48 | | | | 1,701 | | |
Franklin Resources, Inc. (Capital Markets) | | | 108 | | | | 2,470 | | |
Freeport-McMoRan, Inc. (Metals & Mining) | | | 253 | | | | 11,489 | | |
Garmin, Ltd. (Household Durables) | | | 24 | | | | 4,110 | | |
GE HealthCare Technologies, Inc. (Health
Care Equipment & Supplies) | | | 149 | | | | 12,610 | | |
GE Vernova, Inc.* (Electrical Equipment) | | | 55 | | | | 9,803 | | |
Gen Digital, Inc. (Software) | | | 196 | | | | 5,094 | | |
Generac Holdings, Inc.* (Electrical Equipment) | | | 8 | | | | 1,245 | | |
General Dynamics Corp. (Aerospace & Defense) | | | 81 | | | | 24,196 | | |
General Electric Co. (Industrial Conglomerates) | | | 220 | | | | 37,444 | | |
General Mills, Inc. (Food Products) | | | 199 | | | | 13,360 | | |
General Motors Co. (Automobiles) | | | 403 | | | | 17,861 | | |
Genuine Parts Co. (Distributors) | | | 50 | | | | 7,355 | | |
Gilead Sciences, Inc. (Biotechnology) | | | 439 | | | | 33,390 | | |
Global Payments, Inc. (Financial Services) | | | 91 | | | | 9,249 | | |
Globe Life, Inc. (Insurance) | | | 29 | | | | 2,689 | | |
Halliburton Co. (Energy Equipment & Services) | | | 315 | | | | 10,924 | | |
Hasbro, Inc. (Leisure Products) | | | 47 | | | | 3,030 | | |
See accompanying notes to the financial statements.
42 :: Large-Cap Value ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
HCA Healthcare, Inc. (Health Care Providers &
Services) | | | 36 | | | $ | 13,070 | | |
Healthpeak Properties, Inc. (Health Care REITs) | | | 251 | | | | 5,477 | | |
Henry Schein, Inc.* (Health Care Providers &
Services) | | | 45 | | | | 3,237 | | |
Hewlett Packard Enterprise Co. (Technology
Hardware, Storage & Peripherals) | | | 459 | | | | 9,139 | | |
Hologic, Inc.* (Health Care Equipment &
Supplies) | | | 83 | | | | 6,774 | | |
Honeywell International, Inc. (Industrial
Conglomerates) | | | 231 | | | | 47,297 | | |
Hormel Foods Corp. (Food Products) | | | 105 | | | | 3,372 | | |
Host Hotels & Resorts, Inc. (Hotel & Resort
REITs) | | | 101 | | | | 1,769 | | |
Howmet Aerospace, Inc. (Aerospace &
Defense) | | | 58 | | | | 5,551 | | |
HP, Inc. (Technology Hardware, Storage &
Peripherals) | | | 305 | | | | 11,007 | | |
Hubbell, Inc. (Electrical Equipment) | | | 10 | | | | 3,957 | | |
Humana, Inc. (Health Care Providers & Services) | | | 42 | | | | 15,188 | | |
Huntington Bancshares, Inc. (Banks) | | | 513 | | | | 7,669 | | |
Huntington Ingalls Industries, Inc. (Aerospace &
Defense) | | | 14 | | | | 3,920 | | |
IDEX Corp. (Machinery) | | | 27 | | | | 5,629 | | |
IDEXX Laboratories, Inc.* (Health Care
Equipment & Supplies) | | | 13 | | | | 6,190 | | |
Illinois Tool Works, Inc. (Machinery) | | | 51 | | | | 12,611 | | |
Incyte Corp.* (Biotechnology) | | | 57 | | | | 3,709 | | |
Ingersoll Rand, Inc. (Machinery) | | | 33 | | | | 3,313 | | |
Insulet Corp.* (Health Care Equipment &
Supplies) | | | 14 | | | | 2,721 | | |
Intel Corp. (Semiconductors & Semiconductor
Equipment) | | | 1,501 | | | | 46,140 | | |
Intercontinental Exchange, Inc. (Capital
Markets) | | | 201 | | | | 30,464 | | |
International Business Machines Corp. (IT
Services) | | | 325 | | | | 62,445 | | |
International Flavors & Fragrances, Inc.
(Chemicals) | | | 91 | | | | 9,053 | | |
International Paper Co. (Containers &
Packaging) | | | 123 | | | | 5,717 | | |
Intuitive Surgical, Inc.* (Health Care
Equipment & Supplies) | | | 42 | | | | 18,674 | | |
Invesco, Ltd. (Capital Markets) | | | 159 | | | | 2,744 | | |
Invitation Homes, Inc. (Residential REITs) | | | 203 | | | | 7,160 | | |
IQVIA Holdings, Inc.* (Life Sciences Tools &
Services) | | | 41 | | | | 10,095 | | |
Iron Mountain, Inc. (Specialized REITs) | | | 50 | | | | 5,128 | | |
J.B. Hunt Transport Services, Inc. (Ground
Transportation) | | | 28 | | | | 4,848 | | |
Jabil, Inc. (Electronic Equipment, Instruments &
Components) | | | 19 | | | | 2,141 | | |
Jack Henry & Associates, Inc. (Financial
Services) | | | 26 | | | | 4,458 | | |
Jacobs Solutions, Inc. (Professional Services) | | | 43 | | | | 6,293 | | |
Johnson & Johnson (Pharmaceuticals) | | | 848 | | | | 133,856 | | |
Johnson Controls International PLC (Building
Products) | | | 236 | | | | 16,882 | | |
JPMorgan Chase & Co. (Banks) | | | 1,011 | | | | 215,140 | | |
Juniper Networks, Inc. (Communications
Equipment) | | | 117 | | | | 4,410 | | |
Common Stocks, continued
| | | Shares | | Value | |
Kellanova (Food Products) | | | 93 | | | $ | 5,408 | | |
Kenvue, Inc. (Personal Care Products) | | | 677 | | | | 12,517 | | |
Keurig Dr Pepper, Inc. (Beverages) | | | 371 | | | | 12,718 | | |
KeyCorp (Banks) | | | 335 | | | | 5,404 | | |
Keysight Technologies, Inc.* (Electronic
Equipment, Instruments & Components) | | | 62 | | | | 8,653 | | |
Kimberly-Clark Corp. (Household Products) | | | 120 | | | | 16,206 | | |
Kimco Realty Corp. (Retail REITs) | | | 237 | | | | 5,150 | | |
Kinder Morgan, Inc. (Oil, Gas & Consumable
Fuels) | | | 683 | | | | 14,432 | | |
L3Harris Technologies, Inc. (Aerospace &
Defense) | | | 66 | | | | 14,975 | | |
Labcorp Holdings, Inc. (Health Care Providers &
Services) | | | 29 | | | | 6,248 | | |
Lamb Weston Holdings, Inc. (Food Products) | | | 19 | | | | 1,140 | | |
Las Vegas Sands Corp. (Hotels, Restaurants &
Leisure) | | | 52 | | | | 2,063 | | |
Leidos Holdings, Inc. (Professional Services) | | | 49 | | | | 7,076 | | |
Lennar Corp.—Class A (Household Durables) | | | 38 | | | | 6,724 | | |
Linde PLC (Chemicals) | | | 81 | | | | 36,733 | | |
LKQ Corp. (Distributors) | | | 97 | | | | 4,026 | | |
Lockheed Martin Corp. (Aerospace & Defense) | | | 76 | | | | 41,186 | | |
Loews Corp. (Insurance) | | | 64 | | | | 5,117 | | |
Lowe's Cos., Inc. (Specialty Retail) | | | 201 | | | | 49,348 | | |
LyondellBasell Industries N.V.—Class A
(Chemicals) | | | 91 | | | | 9,051 | | |
M&T Bank Corp. (Banks) | | | 58 | | | | 9,986 | | |
Marathon Oil Corp. (Oil, Gas & Consumable
Fuels) | | | 95 | | | | 2,665 | | |
Marathon Petroleum Corp. (Oil, Gas &
Consumable Fuels) | | | 55 | | | | 9,736 | | |
MarketAxess Holdings, Inc. (Capital Markets) | | | 14 | | | | 3,129 | | |
Marriott International, Inc.—Class A (Hotels,
Restaurants & Leisure) | | | 1 | | | | 146 | | |
Marsh & McLennan Cos., Inc. (Insurance) | | | 84 | | | | 18,696 | | |
Martin Marietta Materials, Inc. (Construction
Materials) | | | 7 | | | | 4,153 | | |
Masco Corp. (Building Products) | | | 36 | | | | 2,803 | | |
Mastercard, Inc.—Class A (Financial Services) | | | 81 | | | | 37,561 | | |
Match Group, Inc.* (Interactive Media &
Services) | | | 97 | | | | 3,700 | | |
McCormick & Co., Inc. (Food Products) | | | 90 | | | | 6,931 | | |
McDonald's Corp. (Hotels, Restaurants &
Leisure) | | | 143 | | | | 37,951 | | |
McKesson Corp. (Health Care Providers &
Services) | | | 46 | | | | 28,383 | | |
Medtronic PLC (Health Care Equipment &
Supplies) | | | 468 | | | | 37,589 | | |
Merck & Co., Inc. (Pharmaceuticals) | | | 535 | | | | 60,525 | | |
MetLife, Inc. (Insurance) | | | 212 | | | | 16,292 | | |
Mettler-Toledo International, Inc.* (Life
Sciences Tools & Services) | | | 5 | | | | 7,605 | | |
MGM Resorts International* (Hotels,
Restaurants & Leisure) | | | 31 | | | | 1,332 | | |
Microchip Technology, Inc. (Semiconductors &
Semiconductor Equipment) | | | 79 | | | | 7,014 | | |
Micron Technology, Inc. (Semiconductors &
Semiconductor Equipment) | | | 390 | | | | 42,829 | | |
Mid-America Apartment Communities, Inc.
(Residential REITs) | | | 41 | | | | 5,731 | | |
Moderna, Inc.* (Biotechnology) | | | 119 | | | | 14,187 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Large-Cap Value ProFund :: 43
Common Stocks, continued
| | | Shares | | Value | |
Mohawk Industries, Inc.* (Household Durables) | | | 17 | | | $ | 2,738 | | |
Molina Healthcare, Inc.* (Health Care
Providers & Services) | | | 8 | | | | 2,730 | | |
Molson Coors Beverage Co.—Class B
(Beverages) | | | 65 | | | | 3,435 | | |
Mondelez International, Inc.—Class A (Food
Products) | | | 274 | | | | 18,727 | | |
Monster Beverage Corp.* (Beverages) | | | 101 | | | | 5,196 | | |
Moody's Corp. (Capital Markets) | | | 29 | | | | 13,238 | | |
Morgan Stanley (Capital Markets) | | | 441 | | | | 45,516 | | |
Motorola Solutions, Inc. (Communications
Equipment) | | | 24 | | | | 9,574 | | |
MSCI, Inc. (Capital Markets) | | | 12 | | | | 6,489 | | |
Nasdaq, Inc. (Capital Markets) | | | 146 | | | | 9,881 | | |
NetApp, Inc. (Technology Hardware, Storage &
Peripherals) | | | 46 | | | | 5,841 | | |
Newmont Corp. (Metals & Mining) | | | 408 | | | | 20,020 | | |
News Corp.—Class A (Media) | | | 137 | | | | 3,778 | | |
News Corp.—Class B (Media) | | | 43 | | | | 1,225 | | |
NextEra Energy, Inc. (Electric Utilities) | | | 724 | | | | 55,307 | | |
NIKE, Inc.—Class B (Textiles, Apparel & Luxury
Goods) | | | 243 | | | | 18,191 | | |
NiSource, Inc. (Multi-Utilities) | | | 160 | | | | 5,000 | | |
Nordson Corp. (Machinery) | | | 17 | | | | 4,256 | | |
Norfolk Southern Corp. (Ground Transportation) | | | 80 | | | | 19,965 | | |
Northern Trust Corp. (Capital Markets) | | | 72 | | | | 6,383 | | |
Northrop Grumman Corp. (Aerospace &
Defense) | | | 50 | | | | 24,216 | | |
NRG Energy, Inc. (Electric Utilities) | | | 73 | | | | 5,487 | | |
Nucor Corp. (Metals & Mining) | | | 31 | | | | 5,051 | | |
NXP Semiconductors N.V. (Semiconductors &
Semiconductor Equipment) | | | 22 | | | | 5,790 | | |
Occidental Petroleum Corp. (Oil, Gas &
Consumable Fuels) | | | 233 | | | | 14,171 | | |
Omnicom Group, Inc. (Media) | | | 69 | | | | 6,765 | | |
ON Semiconductor Corp.* (Semiconductors &
Semiconductor Equipment) | | | 85 | | | | 6,651 | | |
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | | | 79 | | | | 6,583 | | |
O'Reilly Automotive, Inc.* (Specialty Retail) | | | 5 | | | | 5,632 | | |
Otis Worldwide Corp. (Machinery) | | | 87 | | | | 8,222 | | |
PACCAR, Inc. (Machinery) | | | 50 | | | | 4,933 | | |
Packaging Corp. of America (Containers &
Packaging) | | | 31 | | | | 6,196 | | |
Paramount Global—Class B (Media) | | | 175 | | | | 1,999 | | |
Parker-Hannifin Corp. (Machinery) | | | 10 | | | | 5,612 | | |
Paychex, Inc. (Professional Services) | | | 67 | | | | 8,576 | | |
Paycom Software, Inc. (Professional Services) | | | 9 | | | | 1,501 | | |
PayPal Holdings, Inc.* (Financial Services) | | | 368 | | | | 24,207 | | |
Pentair PLC (Machinery) | | | 16 | | | | 1,406 | | |
PepsiCo, Inc. (Beverages) | | | 310 | | | | 53,528 | | |
Pfizer, Inc. (Pharmaceuticals) | | | 1,997 | | | | 60,988 | | |
PG&E Corp. (Electric Utilities) | | | 754 | | | | 13,761 | | |
Philip Morris International, Inc. (Tobacco) | | | 344 | | | | 39,615 | | |
Phillips 66 (Oil, Gas & Consumable Fuels) | | | 149 | | | | 21,677 | | |
Pinnacle West Capital Corp. (Electric Utilities) | | | 41 | | | | 3,509 | | |
Pool Corp. (Distributors) | | | 6 | | | | 2,244 | | |
PPG Industries, Inc. (Chemicals) | | | 83 | | | | 10,539 | | |
PPL Corp. (Electric Utilities) | | | 264 | | | | 7,846 | | |
Principal Financial Group, Inc. (Insurance) | | | 77 | | | | 6,276 | | |
Prologis, Inc. (Industrial REITs) | | | 327 | | | | 41,218 | | |
Prudential Financial, Inc. (Insurance) | | | 127 | | | | 15,916 | | |
Common Stocks, continued
| | | Shares | | Value | |
PTC, Inc.* (Software) | | | 15 | | | $ | 2,668 | | |
Public Service Enterprise Group, Inc.
(Multi-Utilities) | | | 176 | | | | 14,040 | | |
Public Storage (Specialized REITs) | | | 33 | | | | 9,765 | | |
Qorvo, Inc.* (Semiconductors & Semiconductor
Equipment) | | | 35 | | | | 4,193 | | |
QUALCOMM, Inc. (Semiconductors &
Semiconductor Equipment) | | | 188 | | | | 34,019 | | |
Quanta Services, Inc. (Construction &
Engineering) | | | 14 | | | | 3,715 | | |
Quest Diagnostics, Inc. (Health Care
Providers & Services) | | | 40 | | | | 5,692 | | |
Ralph Lauren Corp. (Textiles, Apparel & Luxury
Goods) | | | 6 | | | | 1,054 | | |
Raymond James Financial, Inc. (Capital
Markets) | | | 65 | | | | 7,540 | | |
Realty Income Corp. (Retail REITs) | | | 308 | | | | 17,688 | | |
Regency Centers Corp. (Retail REITs) | | | 58 | | | | 3,906 | | |
Regeneron Pharmaceuticals, Inc.*
(Biotechnology) | | | 14 | | | | 15,109 | | |
Regions Financial Corp. (Banks) | | | 325 | | | | 7,270 | | |
Republic Services, Inc. (Commercial Services &
Supplies) | | | 31 | | | | 6,024 | | |
ResMed, Inc. (Health Care Equipment &
Supplies) | | | 52 | | | | 11,089 | | |
Revvity, Inc. (Life Sciences Tools & Services) | | | 43 | | | | 5,401 | | |
Rockwell Automation, Inc. (Electrical
Equipment) | | | 20 | | | | 5,573 | | |
Rollins, Inc. (Commercial Services & Supplies) | | | 59 | | | | 2,827 | | |
Roper Technologies, Inc. (Software) | | | 21 | | | | 11,440 | | |
RTX Corp. (Aerospace & Defense) | | | 468 | | | | 54,985 | | |
S&P Global, Inc. (Capital Markets) | | | 62 | | | | 30,053 | | |
SBA Communications Corp. (Specialized REITs) | | | 22 | | | | 4,830 | | |
Schlumberger N.V. (Energy Equipment &
Services) | | | 503 | | | | 24,290 | | |
Seagate Technology Holdings PLC (Technology
Hardware, Storage & Peripherals) | | | 41 | | | | 4,189 | | |
Sempra (Multi-Utilities) | | | 223 | | | | 17,852 | | |
Simon Property Group, Inc. (Retail REITs) | | | 72 | | | | 11,048 | | |
Skyworks Solutions, Inc. (Semiconductors &
Semiconductor Equipment) | | | 56 | | | | 6,363 | | |
Smurfit WestRock PLC* (Containers &
Packaging) | | | 185 | | | | 8,296 | | |
Snap-on, Inc. (Machinery) | | | 10 | | | | 2,870 | | |
Solventum Corp.* (Health Care Providers &
Services) | | | 50 | | | | 2,944 | | |
Southwest Airlines Co. (Passenger Airlines) | | | 213 | | | | 5,738 | | |
Stanley Black & Decker, Inc. (Machinery) | | | 53 | | | | 5,598 | | |
Starbucks Corp. (Hotels, Restaurants & Leisure) | | | 164 | | | | 12,784 | | |
State Street Corp. (Capital Markets) | | | 107 | | | | 9,092 | | |
Steel Dynamics, Inc. (Metals & Mining) | | | 17 | | | | 2,265 | | |
STERIS PLC (Health Care Equipment &
Supplies) | | | 14 | | | | 3,343 | | |
Stryker Corp. (Health Care Equipment &
Supplies) | | | 42 | | | | 13,753 | | |
Synchrony Financial (Consumer Finance) | | | 142 | | | | 7,212 | | |
Sysco Corp. (Consumer Staples Distribution &
Retail) | | | 176 | | | | 13,490 | | |
T. Rowe Price Group, Inc. (Capital Markets) | | | 79 | | | | 9,023 | | |
Take-Two Interactive Software, Inc.*
(Entertainment) | | | 28 | | | | 4,215 | | |
See accompanying notes to the financial statements.
44 :: Large-Cap Value ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Tapestry, Inc. (Textiles, Apparel & Luxury
Goods) | | | 82 | | | $ | 3,287 | | |
Target Corp. (Consumer Staples Distribution &
Retail) | | | 162 | | | | 24,366 | | |
TE Connectivity, Ltd. (Electronic Equipment,
Instruments & Components) | | | 65 | | | | 10,031 | | |
Teledyne Technologies, Inc.* (Electronic
Equipment, Instruments & Components) | | | 15 | | | | 6,328 | | |
Teleflex, Inc. (Health Care Equipment &
Supplies) | | | 15 | | | | 3,314 | | |
Teradyne, Inc. (Semiconductors &
Semiconductor Equipment) | | | 55 | | | | 7,214 | | |
Texas Instruments, Inc. (Semiconductors &
Semiconductor Equipment) | | | 201 | | | | 40,966 | | |
Textron, Inc. (Aerospace & Defense) | | | 67 | | | | 6,224 | | |
The AES Corp. (Independent Power and
Renewable Electricity Producers) | | | 253 | | | | 4,501 | | |
The Allstate Corp. (Insurance) | | | 93 | | | | 15,914 | | |
The Bank of New York Mellon Corp. (Capital
Markets) | | | 263 | | | | 17,113 | | |
The Boeing Co.* (Aerospace & Defense) | | | 114 | | | | 21,728 | | |
The Charles Schwab Corp. (Capital Markets) | | | 527 | | | | 34,355 | | |
The Cigna Group (Health Care Providers &
Services) | | | 100 | | | | 34,867 | | |
The Clorox Co. (Household Products) | | | 43 | | | | 5,673 | | |
The Coca-Cola Co. (Beverages) | | | 833 | | | | 55,595 | | |
The Cooper Cos., Inc.* (Health Care
Equipment & Supplies) | | | 41 | | | | 3,827 | | |
The Estee Lauder Cos., Inc. (Personal Care
Products) | | | 83 | | | | 8,268 | | |
The Goldman Sachs Group, Inc. (Capital
Markets) | | | 114 | | | | 58,029 | | |
The Hartford Financial Services Group, Inc.
(Insurance) | | | 104 | | | | 11,536 | | |
The Hershey Co. (Food Products) | | | 33 | | | | 6,517 | | |
The Home Depot, Inc. (Specialty Retail) | | | 221 | | | | 81,362 | | |
The Interpublic Group of Cos., Inc. (Media) | | | 137 | | | | 4,407 | | |
The J M Smucker Co. (Food Products) | | | 38 | | | | 4,482 | | |
The Kraft Heinz Co. (Food Products) | | | 280 | | | | 9,859 | | |
The Kroger Co. (Consumer Staples
Distribution & Retail) | | | 236 | | | | 12,862 | | |
The Mosaic Co. (Chemicals) | | | 115 | | | | 3,424 | | |
The PNC Financial Services Group, Inc. (Banks) | | | 141 | | | | 25,535 | | |
The Procter & Gamble Co. (Household
Products) | | | 508 | | | | 81,667 | | |
The Progressive Corp. (Insurance) | | | 102 | | | | 21,840 | | |
The Sherwin-Williams Co. (Chemicals) | | | 41 | | | | 14,383 | | |
The Southern Co. (Electric Utilities) | | | 384 | | | | 32,072 | | |
The TJX Cos., Inc. (Specialty Retail) | | | 141 | | | | 15,936 | | |
The Travelers Cos., Inc. (Insurance) | | | 81 | | | | 17,532 | | |
The Walt Disney Co. (Entertainment) | | | 641 | | | | 60,055 | | |
The Williams Cos., Inc. (Oil, Gas &
Consumable Fuels) | | | 264 | | | | 11,336 | | |
Thermo Fisher Scientific, Inc. (Life Sciences
Tools & Services) | | | 84 | | | | 51,521 | | |
T-Mobile U.S., Inc. (Wireless
Telecommunication Services) | | | 181 | | | | 32,993 | | |
Tractor Supply Co. (Specialty Retail) | | | 21 | | | | 5,530 | | |
Trane Technologies PLC (Building Products) | | | 24 | | | | 8,023 | | |
Trimble, Inc.* (Electronic Equipment,
Instruments & Components) | | | 86 | | | | 4,690 | | |
Common Stocks, continued
| | | Shares | | Value | |
Truist Financial Corp. (Banks) | | | 473 | | | $ | 21,138 | | |
Tyson Foods, Inc.—Class A (Food Products) | | | 100 | | | | 6,090 | | |
U.S. Bancorp (Banks) | | | 552 | | | | 24,774 | | |
UDR, Inc. (Residential REITs) | | | 109 | | | | 4,368 | | |
Ulta Beauty, Inc.* (Specialty Retail) | | | 5 | | | | 1,824 | | |
Union Pacific Corp. (Ground Transportation) | | | 119 | | | | 29,361 | | |
United Airlines Holdings, Inc.* (Passenger
Airlines) | | | 118 | | | | 5,360 | | |
United Parcel Service, Inc.—Class B (Air
Freight & Logistics) | | | 257 | | | | 33,506 | | |
UnitedHealth Group, Inc. (Health Care
Providers & Services) | | | 200 | | | | 115,233 | | |
Universal Health Services, Inc.—Class B
(Health Care Providers & Services) | | | 20 | | | | 4,275 | | |
Valero Energy Corp. (Oil, Gas & Consumable
Fuels) | | | 115 | | | | 18,598 | | |
Ventas, Inc. (Health Care REITs) | | | 143 | | | | 7,785 | | |
Veralto Corp. (Commercial Services & Supplies) | | | 78 | | | | 8,312 | | |
VeriSign, Inc.* (IT Services) | | | 14 | | | | 2,618 | | |
Verisk Analytics, Inc. (Professional Services) | | | 22 | | | | 5,759 | | |
Verizon Communications, Inc. (Diversified
Telecommunication Services) | | | 1,483 | | | | 60,091 | | |
Vertex Pharmaceuticals, Inc.* (Biotechnology) | | | 33 | | | | 16,359 | | |
Viatris, Inc. (Pharmaceuticals) | | | 421 | | | | 5,077 | | |
VICI Properties, Inc. (Specialized REITs) | | | 371 | | | | 11,597 | | |
Visa, Inc.—Class A (Financial Services) | | | 187 | | | | 49,680 | | |
Vulcan Materials Co. (Construction Materials) | | | 15 | | | | 4,118 | | |
W.R. Berkley Corp. (Insurance) | | | 108 | | | | 5,954 | | |
W.W. Grainger, Inc. (Trading Companies &
Distributors) | | | 5 | | | | 4,884 | | |
Walgreens Boots Alliance, Inc. (Consumer
Staples Distribution & Retail) | | | 253 | | | | 3,003 | | |
Walmart, Inc. (Consumer Staples Distribution &
Retail) | | | 1,506 | | | | 103,373 | | |
Warner Bros. Discovery, Inc.* (Entertainment) | | | 788 | | | | 6,816 | | |
Waste Management, Inc. (Commercial
Services & Supplies) | | | 67 | | | | 13,578 | | |
Waters Corp.* (Life Sciences Tools & Services) | | | 14 | | | | 4,708 | | |
WEC Energy Group, Inc. (Multi-Utilities) | | | 112 | | | | 9,639 | | |
Wells Fargo & Co. (Banks) | | | 1,229 | | | | 72,929 | | |
Welltower, Inc. (Health Care REITs) | | | 211 | | | | 23,473 | | |
Western Digital Corp.* (Technology Hardware,
Storage & Peripherals) | | | 118 | | | | 7,912 | | |
Westinghouse Air Brake Technologies Corp.
(Machinery) | | | 62 | | | | 9,991 | | |
Weyerhaeuser Co. (Specialized REITs) | | | 258 | | | | 8,194 | | |
Willis Towers Watson PLC (Insurance) | | | 36 | | | | 10,162 | | |
Xcel Energy, Inc. (Electric Utilities) | | | 198 | | | | 11,539 | | |
Xylem, Inc. (Machinery) | | | 86 | | | | 11,481 | | |
Yum! Brands, Inc. (Hotels, Restaurants &
Leisure) | | | 52 | | | | 6,907 | | |
Zebra Technologies Corp.* (Electronic
Equipment, Instruments & Components) | | | 16 | | | | 5,619 | | |
Zimmer Biomet Holdings, Inc. (Health Care
Equipment & Supplies) | | | 72 | | | | 8,017 | | |
Zoetis, Inc. (Pharmaceuticals) | | | 72 | | | | 12,963 | | |
TOTAL COMMON STOCKS
(Cost $4,759,653) | | | | | 7,161,702 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Large-Cap Value ProFund :: 45
Repurchase Agreements(a) (0.8%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $54,008 | | $ | 54,000 | | | $ | 54,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $54,000) | | | | | 54,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $4,813,653)—100.6% | | | | | 7,215,702 | | |
Net other assets (liabilities)—(0.6)% | | | | | (40,729 | ) | |
NET ASSETS—100.0% | | | | $ | 7,174,973 | | |
* 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.
REIT Real Estate Investment Trust
Large-Cap Value ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Aerospace & Defense | | $ | 196,981 | | | | 2.7 | % | |
Air Freight & Logistics | | | 65,295 | | | | 0.9 | % | |
Automobile Components | | | 9,627 | | | | 0.1 | % | |
Automobiles | | | 32,825 | | | | 0.5 | % | |
Banks | | | 547,306 | | | | 7.6 | % | |
Beverages | | | 147,091 | | | | 2.1 | % | |
Biotechnology | | | 228,777 | | | | 3.2 | % | |
Broadline Retail | | | 11,583 | | | | 0.2 | % | |
Building Products | | | 41,714 | | | | 0.6 | % | |
Capital Markets | | | 366,755 | | | | 5.1 | % | |
Chemicals | | | 166,735 | | | | 2.3 | % | |
Commercial Services & Supplies | | | 41,436 | | | | 0.6 | % | |
Communications Equipment | | | 87,195 | | | | 1.2 | % | |
Construction & Engineering | | | 3,715 | | | | 0.1 | % | |
Construction Materials | | | 8,271 | | | | 0.1 | % | |
Consumer Finance | | | 48,636 | | | | 0.7 | % | |
Consumer Staples Distribution & Retail | | | 248,903 | | | | 3.5 | % | |
Containers & Packaging | | | 38,820 | | | | 0.5 | % | |
Distributors | | | 13,625 | | | | 0.2 | % | |
Diversified Telecommunication Services | | | 108,697 | | | | 1.5 | % | |
Electric Utilities | | | 247,090 | | | | 3.4 | % | |
Electrical Equipment | | | 67,253 | | | | 0.9 | % | |
Electronic Equipment, Instruments &
Components | | | 66,267 | | | | 0.9 | % | |
Energy Equipment & Services | | | 48,882 | | | | 0.7 | % | |
Entertainment | | | 78,482 | | | | 1.1 | % | |
Financial Services | | | 436,248 | | | | 6.1 | % | |
Food Products | | | 100,527 | | | | 1.4 | % | |
Gas Utilities | | | 6,650 | | | | 0.1 | % | |
Ground Transportation | | | 66,354 | | | | 0.9 | % | |
Health Care Equipment & Supplies | | | 255,598 | | | | 3.6 | % | |
Health Care Providers & Services | | | 339,665 | | | | 4.7 | % | |
Health Care REITs | | | 36,735 | | | | 0.5 | % | |
Hotel & Resort REITs | | | 1,769 | | | | NM | | |
Hotels, Restaurants & Leisure | | | 80,941 | | | | 1.1 | % | |
Household Durables | | | 13,572 | | | | 0.2 | % | |
Household Products | | | 125,511 | | | | 1.8 | % | |
Independent Power and Renewable
Electricity Producers | | | 4,501 | | | | 0.1 | % | |
Industrial Conglomerates | | | 109,486 | | | | 1.5 | % | |
| | | Value | | % of
Net Assets | |
Industrial REITs | | $ | 41,218 | | | | 0.6 | % | |
Insurance | | | 263,947 | | | | 3.7 | % | |
Interactive Media & Services | | | 3,700 | | | | 0.1 | % | |
IT Services | | | 117,324 | | | | 1.6 | % | |
Leisure Products | | | 3,030 | | | | NM | | |
Life Sciences Tools & Services | | | 169,156 | | | | 2.4 | % | |
Machinery | | | 139,426 | | | | 1.9 | % | |
Media | | | 86,475 | | | | 1.2 | % | |
Metals & Mining | | | 38,825 | | | | 0.5 | % | |
Multi-Utilities | | | 103,845 | | | | 1.4 | % | |
Office REITs | | | 10,159 | | | | 0.1 | % | |
Oil, Gas & Consumable Fuels | | | 426,352 | | | | 5.9 | % | |
Passenger Airlines | | | 17,954 | | | | 0.3 | % | |
Personal Care Products | | | 20,785 | | | | 0.3 | % | |
Pharmaceuticals | | | 311,367 | | | | 4.3 | % | |
Professional Services | | | 64,604 | | | | 0.9 | % | |
Real Estate Management & Development | | | 18,380 | | | | 0.3 | % | |
Residential REITs | | | 46,536 | | | | 0.6 | % | |
Retail REITs | | | 40,695 | | | | 0.6 | % | |
Semiconductors & Semiconductor
Equipment | | | 229,499 | | | | 3.2 | % | |
Software | | | 32,751 | | | | 0.5 | % | |
Specialized REITs | | | 112,097 | | | | 1.6 | % | |
Specialty Retail | | | 179,612 | | | | 2.5 | % | |
Technology Hardware, Storage &
Peripherals | | | 38,088 | | | | 0.5 | % | |
Textiles, Apparel & Luxury Goods | | | 22,532 | | | | 0.3 | % | |
Tobacco | | | 69,266 | | | | 1.0 | % | |
Trading Companies & Distributors | | | 12,030 | | | | 0.2 | % | |
Water Utilities | | | 9,538 | | | | 0.1 | % | |
Wireless Telecommunication Services | | | 32,993 | | | | 0.5 | % | |
Other** | | | 13,271 | | | | 0.2 | % | |
Total | | $ | 7,174,973 | | | | 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%.
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
46 :: Materials UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (82.3%)
| | | Shares | | Value | |
Air Products and Chemicals, Inc. (Chemicals) | | | 944 | | | $ | 249,074 | | |
Albemarle Corp. (Chemicals) | | | 503 | | | | 47,116 | | |
Amcor PLC (Containers & Packaging) | | | 6,189 | | | | 65,170 | | |
Avery Dennison Corp. (Containers & Packaging) | | | 345 | | | | 74,806 | | |
Ball Corp. (Containers & Packaging) | | | 1,329 | | | | 84,830 | | |
Celanese Corp. (Chemicals) | | | 430 | | | | 60,695 | | |
CF Industries Holdings, Inc. (Chemicals) | | | 782 | | | | 59,737 | | |
Corteva, Inc. (Chemicals) | | | 2,983 | | | | 167,346 | | |
Dow, Inc. (Chemicals) | | | 3,010 | | | | 163,955 | | |
DuPont de Nemours, Inc. (Chemicals) | | | 1,789 | | | | 149,739 | | |
Eastman Chemical Co. (Chemicals) | | | 503 | | | | 51,975 | | |
Ecolab, Inc. (Chemicals) | | | 1,079 | | | | 248,915 | | |
FMC Corp. (Chemicals) | | | 535 | | | | 31,223 | | |
Freeport-McMoRan, Inc. (Metals & Mining) | | | 6,100 | | | | 277,002 | | |
International Flavors & Fragrances, Inc.
(Chemicals) | | | 1,093 | | | | 108,732 | | |
International Paper Co. (Containers &
Packaging) | | | 1,487 | | | | 69,116 | | |
Linde PLC (Chemicals) | | | 2,041 | | | | 925,593 | | |
LyondellBasell Industries N.V.—Class A
(Chemicals) | | | 1,101 | | | | 109,505 | | |
Martin Marietta Materials, Inc. (Construction
Materials) | | | 264 | | | | 156,644 | | |
Newmont Corp. (Metals & Mining) | | | 4,515 | | | | 221,551 | | |
Nucor Corp. (Metals & Mining) | | | 1,026 | | | | 167,176 | | |
Packaging Corp. of America (Containers &
Packaging) | | | 381 | | | | 76,150 | | |
PPG Industries, Inc. (Chemicals) | | | 1,008 | | | | 127,996 | | |
Smurfit WestRock PLC* (Containers &
Packaging) | | | 2,223 | | | | 99,680 | | |
Steel Dynamics, Inc. (Metals & Mining) | | | 633 | | | | 84,328 | | |
The Mosaic Co. (Chemicals) | | | 1,376 | | | | 40,964 | | |
Common Stocks, continued
| | | Shares | | Value | |
The Sherwin-Williams Co. (Chemicals) | | | 991 | | | $ | 347,642 | | |
Vulcan Materials Co. (Construction Materials) | | | 566 | | | | 155,373 | | |
TOTAL COMMON STOCKS
(Cost $2,098,325) | | | | | 4,422,033 | | |
Repurchase Agreements(a)(b) (16.1%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $863,125 | | $ | 863,000 | | | $ | 863,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $863,000) | | | | | 863,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $2,961,325)—98.4% | | | | | 5,285,033 | | |
Net other assets (liabilities)—1.6% | | | | | 86,783 | | |
NET ASSETS—100.0% | | | | $ | 5,371,816 | | |
* 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, 2024, the aggregate amount held in a segregated account was $486,000.
Total Return Swap Agreements—Long
Underlying Instrument | | Counterparty | | Termination
Date(1) | | Rate Paid
(Received)(2) | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
S&P Materials Select Sector Index | | Goldman Sachs International | | 8/23/24 | | | 6.08 | % | | $ | 1,392,078 | | | $ | 17,812 | | |
S&P Materials Select Sector Index | | UBS AG | | 8/23/24 | | | 5.68 | % | | | 2,220,673 | | | | 29,662 | | |
| | | | | | | | | $ | 3,612,751 | | | $ | 47,474 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Materials UltraSector ProFund :: 47
Materials UltraSector ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Chemicals | | $ | 2,890,207 | | | | 53.8 | % | |
Construction Materials | | | 312,017 | | | | 5.8 | % | |
Containers & Packaging | | | 469,752 | | | | 8.7 | % | |
Metals & Mining | | | 750,057 | | | | 14.0 | % | |
Other** | | | 949,783 | | | | 17.7 | % | |
Total | | $ | 5,371,816 | | | | 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.
48 :: Mid-Cap Growth ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (99.8%)
| | | Shares | | Value | |
AAON, Inc. (Building Products) | | | 261 | | | $ | 23,106 | | |
Abercrombie & Fitch Co.* (Specialty Retail) | | | 206 | | | | 30,381 | | |
Acadia Healthcare Co., Inc.* (Health Care
Providers & Services) | | | 356 | | | | 23,086 | | |
Acuity Brands, Inc. (Electrical Equipment) | | | 60 | | | | 15,081 | | |
Advanced Drainage Systems, Inc. (Building
Products) | | | 261 | | | | 46,207 | | |
AECOM (Construction & Engineering) | | | 240 | | | | 21,746 | | |
Allegro MicroSystems, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 128 | | | | 3,077 | | |
Altair Engineering, Inc.*—Class A (Software) | | | 219 | | | | 19,351 | | |
Amedisys, Inc.* (Health Care Providers &
Services) | | | 52 | | | | 5,099 | | |
American Homes 4 Rent—Class A (Residential
REITs) | | | 740 | | | | 26,707 | | |
Antero Midstream Corp. (Oil, Gas &
Consumable Fuels) | | | 760 | | | | 10,914 | | |
Appfolio, Inc.*—Class A (Software) | | | 80 | | | | 17,718 | | |
Applied Industrial Technologies, Inc. (Trading
Companies & Distributors) | | | 148 | | | | 32,292 | | |
AptarGroup, Inc. (Containers & Packaging) | | | 150 | | | | 22,047 | | |
Arcadium Lithium PLC* (Chemicals) | | | 2,414 | | | | 7,677 | | |
Arrowhead Pharmaceuticals, Inc.*
(Biotechnology) | | | 475 | | | | 13,566 | | |
Aspen Technology, Inc.* (Software) | | | 53 | | | | 9,961 | | |
Autoliv, Inc. (Automobile Components) | | | 169 | | | | 17,093 | | |
Avantor, Inc.* (Life Sciences Tools & Services) | | | 1,090 | | | | 29,158 | | |
Avis Budget Group, Inc. (Ground
Transportation) | | | 70 | | | | 7,071 | | |
Axalta Coating Systems, Ltd.* (Chemicals) | | | 846 | | | | 30,160 | | |
Azenta, Inc.* (Life Sciences Tools & Services) | | | 132 | | | | 8,222 | | |
Bank OZK (Banks) | | | 210 | | | | 9,847 | | |
BellRing Brands, Inc.* (Personal Care Products) | | | 265 | | | | 13,589 | | |
BioMarin Pharmaceutical, Inc.* (Biotechnology) | | | 409 | | | | 34,491 | | |
Blackbaud, Inc.* (Software) | | | 96 | | | | 7,620 | | |
Boyd Gaming Corp. (Hotels, Restaurants &
Leisure) | | | 258 | | | | 15,704 | | |
Brixmor Property Group, Inc. (Retail REITs) | | | 509 | | | | 12,965 | | |
Bruker Corp. (Life Sciences Tools & Services) | | | 224 | | | | 15,346 | | |
Brunswick Corp. (Leisure Products) | | | 158 | | | | 12,870 | | |
Burlington Stores, Inc.* (Specialty Retail) | | | 147 | | | | 38,267 | | |
BWX Technologies, Inc. (Aerospace & Defense) | | | 351 | | | | 34,921 | | |
Cabot Corp. (Chemicals) | | | 142 | | | | 14,241 | | |
CACI International, Inc.*—Class A (Professional
Services) | | | 31 | | | | 14,306 | | |
Capri Holdings, Ltd.* (Textiles, Apparel &
Luxury Goods) | | | 214 | | | | 7,178 | | |
Carlisle Cos., Inc. (Building Products) | | | 183 | | | | 76,600 | | |
Casey's General Stores, Inc. (Consumer Staples
Distribution & Retail) | | | 142 | | | | 55,072 | | |
Celsius Holdings, Inc.* (Beverages) | | | 573 | | | | 26,834 | | |
ChampionX Corp. (Energy Equipment &
Services) | | | 489 | | | | 16,753 | | |
Chart Industries, Inc.* (Machinery) | | | 161 | | | | 25,934 | | |
Chemed Corp. (Health Care Providers &
Services) | | | 34 | | | | 19,384 | | |
Choice Hotels International, Inc.(a) (Hotels,
Restaurants & Leisure) | | | 44 | | | | 5,608 | | |
Chord Energy Corp. (Oil, Gas & Consumable
Fuels) | | | 238 | | | | 40,855 | | |
Common Stocks, continued
| | | Shares | | Value | |
Churchill Downs, Inc. (Hotels, Restaurants &
Leisure) | | | 256 | | | $ | 36,751 | | |
Ciena Corp.* (Communications Equipment) | | | 227 | | | | 11,972 | | |
Cirrus Logic, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 118 | | | | 15,397 | | |
Civitas Resources, Inc. (Oil, Gas & Consumable
Fuels) | | | 353 | | | | 24,625 | | |
Clean Harbors, Inc.* (Commercial Services &
Supplies) | | | 193 | | | | 46,075 | | |
CNX Resources Corp.* (Oil, Gas & Consumable
Fuels) | | | 587 | | | | 15,538 | | |
Coca-Cola Consolidated, Inc. (Beverages) | | | 19 | | | | 21,772 | | |
Cognex Corp. (Electronic Equipment,
Instruments & Components) | | | 290 | | | | 14,390 | | |
Columbia Sportswear Co. (Textiles, Apparel &
Luxury Goods) | | | 62 | | | | 5,065 | | |
Comfort Systems USA, Inc. (Construction &
Engineering) | | | 137 | | | | 45,542 | | |
Commerce Bancshares, Inc. (Banks) | | | 186 | | | | 12,036 | | |
CommVault Systems, Inc.* (Software) | | | 99 | | | | 15,132 | | |
COPT Defense Properties (Office REITs) | | | 168 | | | | 4,867 | | |
Core & Main, Inc.*—Class A (Trading
Companies & Distributors) | | | 374 | | | | 19,998 | | |
Coty, Inc.*—Class A (Personal Care Products) | | | 1,399 | | | | 13,920 | | |
Crane Co. (Machinery) | | | 189 | | | | 30,319 | | |
Crocs, Inc.* (Textiles, Apparel & Luxury Goods) | | | 233 | | | | 31,308 | | |
Crown Holdings, Inc. (Containers & Packaging) | | | 215 | | | | 19,071 | | |
CubeSmart (Specialized REITs) | | | 474 | | | | 22,553 | | |
Cullen/Frost Bankers, Inc. (Banks) | | | 103 | | | | 12,057 | | |
Curtiss-Wright Corp. (Aerospace & Defense) | | | 95 | | | | 27,997 | | |
Cytokinetics, Inc.* (Biotechnology) | | | 198 | | | | 11,684 | | |
Dick's Sporting Goods, Inc. (Specialty Retail) | | | 119 | | | | 25,746 | | |
Dolby Laboratories, Inc.—Class A (Software) | | | 130 | | | | 10,239 | | |
Donaldson Co., Inc. (Machinery) | | | 263 | | | | 19,678 | | |
Doximity, Inc.*—Class A (Health Care
Technology) | | | 232 | | | | 6,496 | | |
Dropbox, Inc.*—Class A (Software) | | | 928 | | | | 22,198 | | |
DT Midstream, Inc. (Oil, Gas & Consumable
Fuels) | | | 235 | | | | 17,710 | | |
Duolingo, Inc.* (Diversified Consumer Services) | | | 142 | | | | 24,415 | | |
Dynatrace, Inc.* (Software) | | | 923 | | | | 40,538 | | |
Eagle Materials, Inc. (Construction Materials) | | | 132 | | | | 35,944 | | |
East West Bancorp, Inc. (Banks) | | | 289 | | | | 25,400 | | |
EastGroup Properties, Inc. (Industrial REITs) | | | 115 | | | | 21,503 | | |
elf Beauty, Inc.* (Personal Care Products) | | | 213 | | | | 36,760 | | |
EMCOR Group, Inc. (Construction &
Engineering) | | | 181 | | | | 67,955 | | |
Encompass Health Corp. (Health Care
Providers & Services) | | | 175 | | | | 16,265 | | |
EnerSys (Electrical Equipment) | | | 67 | | | | 7,365 | | |
EPR Properties (Specialized REITs) | | | 181 | | | | 8,145 | | |
Equitable Holdings, Inc. (Financial Services) | | | 621 | | | | 27,082 | | |
Equity LifeStyle Properties, Inc. (Residential
REITs) | | | 458 | | | | 31,455 | | |
Erie Indemnity Co.—Class A (Insurance) | | | 57 | | | | 25,146 | | |
Esab Corp. (Machinery) | | | 218 | | | | 22,149 | | |
Essential Utilities, Inc. (Water Utilities) | | | 463 | | | | 18,821 | | |
Euronet Worldwide, Inc.* (Financial Services) | | | 90 | | | | 9,179 | | |
Evercore, Inc. (Capital Markets) | | | 94 | | | | 23,537 | | |
Exelixis, Inc.* (Biotechnology) | | | 1,118 | | | | 26,217 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Mid-Cap Growth ProFund :: 49
Common Stocks, continued
| | | Shares | | Value | |
ExlService Holdings, Inc.* (Professional
Services) | | | 355 | | | $ | 12,517 | | |
Exponent, Inc. (Professional Services) | | | 99 | | | | 10,502 | | |
First Financial Bankshares, Inc. (Banks) | | | 198 | | | | 7,615 | | |
First Industrial Realty Trust, Inc. (Industrial
REITs) | | | 242 | | | | 13,242 | | |
FirstCash Holdings, Inc. (Consumer Finance) | | | 143 | | | | 15,958 | | |
Five Below, Inc.* (Specialty Retail) | | | 212 | | | | 15,421 | | |
Floor & Decor Holdings, Inc.*—Class A
(Specialty Retail) | | | 411 | | | | 40,278 | | |
Flowserve Corp. (Machinery) | | | 227 | | | | 11,475 | | |
Fortune Brands Innovations, Inc. (Building
Products) | | | 192 | | | | 15,516 | | |
FTI Consulting, Inc.* (Professional Services) | | | 135 | | | | 29,425 | | |
Gaming and Leisure Properties, Inc.
(Specialized REITs) | | | 448 | | | | 22,490 | | |
GATX Corp. (Trading Companies & Distributors) | | | 50 | | | | 6,975 | | |
Gentex Corp. (Automobile Components) | | | 568 | | | | 17,642 | | |
Graco, Inc. (Machinery) | | | 649 | | | | 55,197 | | |
Grand Canyon Education, Inc.* (Diversified
Consumer Services) | | | 113 | | | | 17,622 | | |
GXO Logistics, Inc.* (Air Freight & Logistics) | | | 289 | | | | 16,178 | | |
H&R Block, Inc. (Diversified Consumer
Services) | | | 535 | | | | 30,999 | | |
Haemonetics Corp.* (Health Care Equipment &
Supplies) | | | 117 | | | | 10,536 | | |
Halozyme Therapeutics, Inc.* (Biotechnology) | | | 488 | | | | 26,967 | | |
Hancock Whitney Corp. (Banks) | | | 174 | | | | 9,523 | | |
HealthEquity, Inc.* (Health Care Providers &
Services) | | | 171 | | | | 13,420 | | |
Hexcel Corp. (Aerospace & Defense) | | | 156 | | | | 10,329 | | |
Hilton Grand Vacations, Inc.* (Hotels,
Restaurants & Leisure) | | | 163 | | | | 7,043 | | |
Houlihan Lokey, Inc. (Capital Markets) | | | 201 | | | | 30,200 | | |
Hyatt Hotels Corp.—Class A (Hotels,
Restaurants & Leisure) | | | 174 | | | | 25,635 | | |
IDACORP, Inc. (Electric Utilities) | | | 76 | | | | 7,429 | | |
Ingredion, Inc. (Food Products) | | | 90 | | | | 11,194 | | |
Insperity, Inc. (Professional Services) | | | 69 | | | | 7,088 | | |
Interactive Brokers Group, Inc. (Capital Markets) | | | 241 | | | | 28,744 | | |
International Bancshares Corp. (Banks) | | | 88 | | | | 5,935 | | |
IPG Photonics Corp.* (Electronic Equipment,
Instruments & Components) | | | 49 | | | | 3,940 | | |
Iridium Communications, Inc. (Diversified
Telecommunication Services) | | | 231 | | | | 6,630 | | |
ITT, Inc. (Machinery) | | | 317 | | | | 44,843 | | |
Jazz Pharmaceuticals PLC* (Pharmaceuticals) | | | 101 | | | | 11,135 | | |
KB Home (Household Durables) | | | 141 | | | | 12,137 | | |
KBR, Inc. (Professional Services) | | | 237 | | | | 15,782 | | |
Kinsale Capital Group, Inc. (Insurance) | | | 85 | | | | 38,850 | | |
Kirby Corp.* (Marine Transportation) | | | 94 | | | | 11,551 | | |
Knife River Corp.* (Construction Materials) | | | 154 | | | | 12,246 | | |
Lamar Advertising Co.—Class A (Specialized
REITs) | | | 196 | | | | 23,492 | | |
Lancaster Colony Corp. (Food Products) | | | 37 | | | | 7,143 | | |
Landstar System, Inc. (Ground Transportation) | | | 92 | | | | 17,503 | | |
Lantheus Holdings, Inc.* (Health Care
Equipment & Supplies) | | | 265 | | | | 27,780 | | |
Lattice Semiconductor Corp.*
(Semiconductors & Semiconductor
Equipment) | | | 528 | | | | 27,984 | | |
Common Stocks, continued
| | | Shares | | Value | |
Lennox International, Inc. (Building Products) | | | 123 | | | $ | 71,771 | | |
Light & Wonder, Inc.* (Hotels, Restaurants &
Leisure) | | | 346 | | | | 37,091 | | |
Lincoln Electric Holdings, Inc. (Machinery) | | | 218 | | | | 44,779 | | |
Littelfuse, Inc. (Electronic Equipment,
Instruments & Components) | | | 67 | | | | 17,896 | | |
LivaNova PLC* (Health Care Equipment &
Supplies) | | | 77 | | | | 3,804 | | |
Louisiana-Pacific Corp. (Paper & Forest
Products) | | | 159 | | | | 15,607 | | |
MACOM Technology Solutions Holdings, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 133 | | | | 13,422 | | |
Manhattan Associates, Inc.* (Software) | | | 236 | | | | 60,271 | | |
Masimo Corp.* (Health Care Equipment &
Supplies) | | | 106 | | | | 11,340 | | |
Matador Resources Co. (Oil, Gas & Consumable
Fuels) | | | 445 | | | | 27,359 | | |
Mattel, Inc.* (Leisure Products) | | | 581 | | | | 11,207 | | |
Maximus, Inc. (Professional Services) | | | 171 | | | | 15,884 | | |
Medpace Holdings, Inc.* (Life Sciences Tools &
Services) | | | 90 | | | | 34,427 | | |
MGIC Investment Corp. (Financial Services) | | | 388 | | | | 9,638 | | |
MKS Instruments, Inc. (Semiconductors &
Semiconductor Equipment) | | | 119 | | | | 14,982 | | |
Morningstar, Inc. (Capital Markets) | | | 100 | | | | 31,765 | | |
MP Materials Corp.*(a) (Metals & Mining) | | | 207 | | | | 2,799 | | |
MSA Safety, Inc. (Commercial Services &
Supplies) | | | 142 | | | | 26,788 | | |
MSC Industrial Direct Co., Inc. (Trading
Companies & Distributors) | | | 94 | | | | 8,361 | | |
Murphy Oil Corp. (Oil, Gas & Consumable
Fuels) | | | 239 | | | | 9,890 | | |
Murphy USA, Inc. (Specialty Retail) | | | 72 | | | | 36,354 | | |
National Storage Affiliates Trust (Specialized
REITs) | | | 130 | | | | 5,534 | | |
Neurocrine Biosciences, Inc.* (Biotechnology) | | | 386 | | | | 54,646 | | |
NewMarket Corp. (Chemicals) | | | 26 | | | | 14,583 | | |
NEXTracker, Inc.*—Class A (Electrical
Equipment) | | | 470 | | | | 23,096 | | |
NNN REIT, Inc. (Retail REITs) | | | 260 | | | | 11,671 | | |
Novanta, Inc.* (Electronic Equipment,
Instruments & Components) | | | 80 | | | | 14,494 | | |
nVent Electric PLC (Electrical Equipment) | | | 638 | | | | 46,338 | | |
Olin Corp. (Chemicals) | | | 188 | | | | 8,575 | | |
Ollie's Bargain Outlet Holdings, Inc.*
(Broadline Retail) | | | 235 | | | | 22,945 | | |
Omega Healthcare Investors, Inc. (Health Care
REITs) | | | 389 | | | | 14,160 | | |
Onto Innovation, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 190 | | | | 36,347 | | |
Option Care Health, Inc.* (Health Care
Providers & Services) | | | 366 | | | | 10,867 | | |
Ovintiv, Inc. (Oil, Gas & Consumable Fuels) | | | 954 | | | | 44,303 | | |
Owens Corning (Building Products) | | | 332 | | | | 61,878 | | |
Park Hotels & Resorts, Inc. (Hotel & Resort
REITs) | | | 808 | | | | 12,168 | | |
Paylocity Holding Corp.* (Professional Services) | | | 169 | | | | 25,362 | | |
Penumbra, Inc.* (Health Care Equipment &
Supplies) | | | 149 | | | | 24,896 | | |
See accompanying notes to the financial statements.
50 :: Mid-Cap Growth ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Permian Resources Corp. (Oil, Gas &
Consumable Fuels) | | | 1,971 | | | $ | 30,235 | | |
Pinnacle Financial Partners, Inc. (Banks) | | | 121 | | | | 11,655 | | |
Planet Fitness, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 335 | | | | 24,690 | | |
Power Integrations, Inc. (Semiconductors &
Semiconductor Equipment) | | | 108 | | | | 7,888 | | |
Primerica, Inc. (Insurance) | | | 132 | | | | 33,234 | | |
Progyny, Inc.* (Health Care Providers &
Services) | | | 318 | | | | 8,968 | | |
Pure Storage, Inc.*—Class A (Technology
Hardware, Storage & Peripherals) | | | 1,171 | | | | 70,178 | | |
Qualys, Inc.* (Software) | | | 142 | | | | 21,178 | | |
Rambus, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 414 | | | | 21,296 | | |
Range Resources Corp. (Oil, Gas &
Consumable Fuels) | | | 930 | | | | 29,044 | | |
Rayonier, Inc. (Specialized REITs) | | | 199 | | | | 6,036 | | |
RB Global, Inc. (Commercial Services &
Supplies) | | | 705 | | | | 56,140 | | |
RBC Bearings, Inc.* (Machinery) | | | 111 | | | | 32,283 | | |
Reliance, Inc. (Metals & Mining) | | | 220 | | | | 67,002 | | |
RenaissanceRe Holdings, Ltd. (Insurance) | | | 111 | | | | 25,742 | | |
Repligen Corp.* (Life Sciences Tools & Services) | | | 200 | | | | 33,470 | | |
Rexford Industrial Realty, Inc. (Industrial REITs) | | | 325 | | | | 16,286 | | |
RH* (Specialty Retail) | | | 26 | | | | 7,542 | | |
RLI Corp. (Insurance) | | | 100 | | | | 15,059 | | |
Roivant Sciences, Ltd.* (Biotechnology) | | | 805 | | | | 8,734 | | |
Royal Gold, Inc. (Metals & Mining) | | | 130 | | | | 17,956 | | |
RPM International, Inc. (Chemicals) | | | 266 | | | | 32,307 | | |
Ryan Specialty Holdings, Inc. (Insurance) | | | 393 | | | | 24,205 | | |
Saia, Inc.* (Ground Transportation) | | | 102 | | | | 42,620 | | |
Sarepta Therapeutics, Inc.* (Biotechnology) | | | 290 | | | | 41,250 | | |
Science Applications International Corp.
(Professional Services) | | | 69 | | | | 8,584 | | |
SEI Investments Co. (Capital Markets) | | | 192 | | | | 13,025 | | |
Selective Insurance Group, Inc. (Insurance) | | | 129 | | | | 11,651 | | |
Service Corp. International (Diversified
Consumer Services) | | | 285 | | | | 22,774 | | |
Silicon Laboratories, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 123 | | | | 14,776 | | |
Simpson Manufacturing Co., Inc. (Building
Products) | | | 162 | | | | 31,119 | | |
Skechers U.S.A., Inc.*—Class A (Textiles,
Apparel & Luxury Goods) | | | 508 | | | | 33,086 | | |
SLM Corp. (Consumer Finance) | | | 337 | | | | 7,647 | | |
Sotera Health Co.* (Life Sciences Tools &
Services) | | | 478 | | | | 6,630 | | |
Southwestern Energy Co.* (Oil, Gas &
Consumable Fuels) | | | 4,231 | | | | 27,290 | | |
Sprouts Farmers Market, Inc.* (Consumer
Staples Distribution & Retail) | | | 158 | | | | 15,783 | | |
STAG Industrial, Inc. (Industrial REITs) | | | 350 | | | | 14,284 | | |
Synaptics, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 62 | | | | 5,414 | | |
Tempur Sealy International, Inc. (Household
Durables) | | | 666 | | | | 34,865 | | |
Teradata Corp.* (Software) | | | 370 | | | | 11,995 | | |
Terex Corp. (Machinery) | | | 145 | | | | 9,173 | | |
Common Stocks, continued
| | | Shares | | Value | |
Tetra Tech, Inc. (Commercial Services &
Supplies) | | | 206 | | | $ | 43,927 | | |
Texas Pacific Land Corp. (Oil, Gas &
Consumable Fuels) | | | 47 | | | | 39,710 | | |
Texas Roadhouse, Inc. (Hotels, Restaurants &
Leisure) | | | 256 | | | | 44,701 | | |
The Boston Beer Co., Inc.*—Class A
(Beverages) | | | 16 | | | | 4,483 | | |
The Brink's Co. (Commercial Services &
Supplies) | | | 171 | | | | 18,808 | | |
The Carlyle Group, Inc. (Capital Markets) | | | 397 | | | | 19,747 | | |
The Middleby Corp.* (Machinery) | | | 103 | | | | 13,965 | | |
The New York Times Co.—Class A (Media) | | | 628 | | | | 33,654 | | |
The Scotts Miracle-Gro Co. (Chemicals) | | | 62 | | | | 4,873 | | |
The Timken Co. (Machinery) | | | 97 | | | | 8,434 | | |
The Toro Co. (Machinery) | | | 193 | | | | 18,476 | | |
The Wendy's Co. (Hotels, Restaurants &
Leisure) | | | 344 | | | | 5,824 | | |
TKO Group Holdings, Inc. (Entertainment) | | | 97 | | | | 10,607 | | |
Toll Brothers, Inc. (Household Durables) | | | 400 | | | | 57,084 | | |
TopBuild Corp.* (Household Durables) | | | 122 | | | | 58,382 | | |
Travel + Leisure Co. (Hotels, Restaurants &
Leisure) | | | 192 | | | | 8,849 | | |
Trex Co., Inc.* (Building Products) | | | 417 | | | | 34,874 | | |
UFP Industries, Inc. (Building Products) | | | 237 | | | | 31,267 | | |
United Therapeutics Corp.* (Biotechnology) | | | 77 | | | | 24,123 | | |
Universal Display Corp. (Semiconductors &
Semiconductor Equipment) | | | 169 | | | | 37,623 | | |
Vail Resorts, Inc. (Hotels, Restaurants & Leisure) | | | 96 | | | | 17,473 | | |
Valaris, Ltd.* (Energy Equipment & Services) | | | 239 | | | | 18,783 | | |
Valvoline, Inc.* (Specialty Retail) | | | 494 | | | | 22,971 | | |
Visteon Corp.* (Automobile Components) | | | 47 | | | | 5,430 | | |
Vontier Corp. (Electronic Equipment,
Instruments & Components) | | | 593 | | | | 23,264 | | |
Voya Financial, Inc. (Financial Services) | | | 154 | | | | 11,200 | | |
Warner Music Group Corp.—Class A
(Entertainment) | | | 419 | | | | 12,574 | | |
Watsco, Inc. (Trading Companies & Distributors) | | | 123 | | | | 60,207 | | |
Watts Water Technologies, Inc.—Class A
(Machinery) | | | 105 | | | | 21,790 | | |
Weatherford International PLC* (Energy
Equipment & Services) | | | 281 | | | | 33,119 | | |
Westlake Corp. (Chemicals) | | | 124 | | | | 18,335 | | |
WEX, Inc.* (Financial Services) | | | 161 | | | | 29,536 | | |
Williams-Sonoma, Inc. (Specialty Retail) | | | 492 | | | | 76,103 | | |
Wingstop, Inc. (Hotels, Restaurants & Leisure) | | | 113 | | | | 42,249 | | |
Wolfspeed, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 227 | | | | 4,279 | | |
Woodward, Inc. (Aerospace & Defense) | | | 234 | | | | 36,501 | | |
Wyndham Hotels & Resorts, Inc. (Hotels,
Restaurants & Leisure) | | | 204 | | | | 15,447 | | |
XPO, Inc.* (Ground Transportation) | | | 210 | | | | 24,127 | | |
YETI Holdings, Inc.* (Leisure Products) | | | 209 | | | | 8,642 | | |
ZoomInfo Technologies, Inc.* (Interactive
Media & Services) | | | 360 | | | | 4,090 | | |
TOTAL COMMON STOCKS
(Cost $4,233,261) | | | | | 5,636,151 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Mid-Cap Growth ProFund :: 51
Collateral for Securities Loaned(b) (0.1%)
| | | Shares | | Value | |
Invesco Government & Agency Portfolio—
Institutional Shares, 5.22%(c) | | | 7,179 | | | $ | 7,179 | | |
TOTAL COLLATERAL FOR SECURITIES LOANED
(Cost $7,179) | | | | | 7,179 | | |
TOTAL INVESTMENT SECURITIES
(Cost $4,240,440)—99.9% | | | | | 5,643,330 | | |
Net other assets (liabilities)—0.1% | | | | | 5,454 | | |
NET ASSETS—100.0% | | | | $ | 5,648,784 | | |
* Non-income producing security.
(a) All or part of this security was on loan as of July 31, 2024. The total value of securities on loan as of July 31, 2024 was $6,910.
(b) Securities were purchased with cash collateral held from securities on loan at July 31, 2024.
(c) Rate periodically changes. Rate disclosed is the daily yield on July 31, 2024.
REIT Real Estate Investment Trust
Mid-Cap Growth ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Aerospace & Defense | | $ | 109,748 | | | | 1.9 | % | |
Air Freight & Logistics | | | 16,178 | | | | 0.3 | % | |
Automobile Components | | | 40,165 | | | | 0.7 | % | |
Banks | | | 94,068 | | | | 1.7 | % | |
Beverages | | | 53,089 | | | | 0.9 | % | |
Biotechnology | | | 241,678 | | | | 4.3 | % | |
Broadline Retail | | | 22,945 | | | | 0.4 | % | |
Building Products | | | 392,338 | | | | 6.9 | % | |
Capital Markets | | | 147,018 | | | | 2.6 | % | |
Chemicals | | | 130,751 | | | | 2.3 | % | |
Commercial Services & Supplies | | | 191,738 | | | | 3.4 | % | |
Communications Equipment | | | 11,972 | | | | 0.2 | % | |
Construction & Engineering | | | 135,243 | | | | 2.4 | % | |
Construction Materials | | | 48,190 | | | | 0.9 | % | |
Consumer Finance | | | 23,605 | | | | 0.4 | % | |
Consumer Staples Distribution & Retail | | | 70,856 | | | | 1.3 | % | |
Containers & Packaging | | | 41,117 | | | | 0.7 | % | |
Diversified Consumer Services | | | 95,810 | | | | 1.7 | % | |
Diversified Telecommunication Services | | | 6,630 | | | | 0.1 | % | |
Electric Utilities | | | 7,429 | | | | 0.1 | % | |
Electrical Equipment | | | 91,880 | | | | 1.6 | % | |
Electronic Equipment, Instruments &
Components | | | 73,984 | | | | 1.3 | % | |
Energy Equipment & Services | | | 68,655 | | | | 1.2 | % | |
Entertainment | | | 23,181 | | | | 0.4 | % | |
Financial Services | | | 86,635 | | | | 1.5 | % | |
Food Products | | | 18,337 | | | | 0.3 | % | |
Ground Transportation | | | 91,321 | | | | 1.6 | % | |
Health Care Equipment & Supplies | | | 78,356 | | | | 1.4 | % | |
Health Care Providers & Services | | | 97,089 | | | | 1.7 | % | |
Health Care REITs | | | 14,160 | | | | 0.3 | % | |
Health Care Technology | | | 6,496 | | | | 0.1 | % | |
Hotel & Resort REITs | | | 12,168 | | | | 0.2 | % | |
Hotels, Restaurants & Leisure | | | 287,065 | | | | 5.1 | % | |
Household Durables | | | 162,468 | | | | 2.9 | % | |
| | | Value | | % of
Net Assets | |
Industrial REITs | | $ | 65,315 | | | | 1.2 | % | |
Insurance | | | 173,887 | | | | 3.1 | % | |
Interactive Media & Services | | | 4,090 | | | | 0.1 | % | |
Leisure Products | | | 32,719 | | | | 0.6 | % | |
Life Sciences Tools & Services | | | 127,253 | | | | 2.3 | % | |
Machinery | | | 358,495 | | | | 6.3 | % | |
Marine Transportation | | | 11,551 | | | | 0.2 | % | |
Media | | | 33,655 | | | | 0.6 | % | |
Metals & Mining | | | 87,757 | | | | 1.6 | % | |
Office REITs | | | 4,867 | | | | 0.1 | % | |
Oil, Gas & Consumable Fuels | | | 317,473 | | | | 5.6 | % | |
Paper & Forest Products | | | 15,607 | | | | 0.3 | % | |
Personal Care Products | | | 64,269 | | | | 1.1 | % | |
Pharmaceuticals | | | 11,135 | | | | 0.2 | % | |
Professional Services | | | 139,450 | | | | 2.5 | % | |
Residential REITs | | | 58,162 | | | | 1.0 | % | |
Retail REITs | | | 24,636 | | | | 0.4 | % | |
Semiconductors & Semiconductor
Equipment | | | 202,485 | | | | 3.6 | % | |
Software | | | 236,201 | | | | 4.2 | % | |
Specialized REITs | | | 88,250 | | | | 1.6 | % | |
Specialty Retail | | | 293,062 | | | | 5.2 | % | |
Technology Hardware, Storage &
Peripherals | | | 70,178 | | | | 1.2 | % | |
Textiles, Apparel & Luxury Goods | | | 76,637 | | | | 1.4 | % | |
Trading Companies & Distributors | | | 127,833 | | | | 2.3 | % | |
Water Utilities | | | 18,821 | | | | 0.3 | % | |
Other** | | | 12,633 | | | | 0.2 | % | |
Total | | $ | 5,648,784 | | | | 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.
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
52 :: Mid-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (48.4%)
| | | Shares | | Value | |
AAON, Inc. (Building Products) | | | 122 | | | $ | 10,801 | | |
Abercrombie & Fitch Co.* (Specialty Retail) | | | 92 | | | | 13,568 | | |
Acadia Healthcare Co., Inc.* (Health Care
Providers & Services) | | | 167 | | | | 10,830 | | |
Acuity Brands, Inc. (Electrical Equipment) | | | 56 | | | | 14,076 | | |
Adient PLC* (Automobile Components) | | | 162 | | | | 4,173 | | |
Advanced Drainage Systems, Inc. (Building
Products) | | | 122 | | | | 21,599 | | |
AECOM (Construction & Engineering) | | | 245 | | | | 22,199 | | |
Affiliated Managers Group, Inc. (Capital
Markets) | | | 58 | | | | 10,766 | | |
AGCO Corp. (Machinery) | | | 111 | | | | 10,481 | | |
Agree Realty Corp. (Retail REITs) | | | 181 | | | | 12,484 | | |
Alcoa Corp. (Metals & Mining) | | | 322 | | | | 10,639 | | |
Allegro MicroSystems, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 172 | | | | 4,135 | | |
ALLETE, Inc. (Electric Utilities) | | | 103 | | | | 6,644 | | |
Ally Financial, Inc. (Consumer Finance) | | | 492 | | | | 22,145 | | |
Altair Engineering, Inc.*—Class A (Software) | | | 103 | | | | 9,101 | | |
Amedisys, Inc.* (Health Care Providers &
Services) | | | 58 | | | | 5,687 | | |
American Financial Group, Inc. (Insurance) | | | 117 | | | | 15,322 | | |
American Homes 4 Rent—Class A
(Residential REITs) | | | 578 | | | | 20,860 | | |
Amkor Technology, Inc. (Semiconductors &
Semiconductor Equipment) | | | 185 | | | | 6,042 | | |
Annaly Capital Management, Inc. (Mortgage
REITs) | | | 899 | | | | 17,899 | | |
Antero Midstream Corp. (Oil, Gas &
Consumable Fuels) | | | 615 | | | | 8,831 | | |
Antero Resources Corp.* (Oil, Gas &
Consumable Fuels) | | | 525 | | | | 15,236 | | |
Appfolio, Inc.*—Class A (Software) | | | 38 | | | | 8,416 | | |
Applied Industrial Technologies, Inc. (Trading
Companies & Distributors) | | | 69 | | | | 15,055 | | |
AptarGroup, Inc. (Containers & Packaging) | | | 120 | | | | 17,638 | | |
Aramark (Hotels, Restaurants & Leisure) | | | 473 | | | | 16,210 | | |
Arcadium Lithium PLC* (Chemicals) | | | 1,858 | | | | 5,908 | | |
Arrow Electronics, Inc.* (Electronic
Equipment, Instruments & Components) | | | 96 | | | | 11,874 | | |
Arrowhead Pharmaceuticals, Inc.*
(Biotechnology) | | | 223 | | | | 6,369 | | |
ASGN, Inc.* (Professional Services) | | | 82 | | | | 7,763 | | |
Ashland, Inc. (Chemicals) | | | 91 | | | | 8,795 | | |
Aspen Technology, Inc.* (Software) | | | 50 | | | | 9,398 | | |
Associated Banc-Corp. (Banks) | | | 266 | | | | 6,113 | | |
Autoliv, Inc. (Automobile Components) | | | 130 | | | | 13,149 | | |
AutoNation, Inc.* (Specialty Retail) | | | 44 | | | | 8,392 | | |
Avantor, Inc.* (Life Sciences Tools & Services) | | | 1,216 | | | | 32,528 | | |
Avient Corp. (Chemicals) | | | 164 | | | | 7,419 | | |
Avis Budget Group, Inc. (Ground
Transportation) | | | 32 | | | | 3,232 | | |
Avnet, Inc. (Electronic Equipment,
Instruments & Components) | | | 162 | | | | 8,709 | | |
Axalta Coating Systems, Ltd.* (Chemicals) | | | 397 | | | | 14,154 | | |
Azenta, Inc.* (Life Sciences Tools & Services) | | | 96 | | | | 5,980 | | |
Bank OZK (Banks) | | | 190 | | | | 8,909 | | |
Belden, Inc. (Electronic Equipment,
Instruments & Components) | | | 73 | | | | 6,766 | | |
BellRing Brands, Inc.* (Personal Care Products) | | | 234 | | | | 12,000 | | |
Common Stocks, continued
| | | Shares | | Value | |
Berry Global Group, Inc. (Containers &
Packaging) | | | 205 | | | $ | 13,473 | | |
BioMarin Pharmaceutical, Inc.*
(Biotechnology) | | | 341 | | | | 28,756 | | |
BJ's Wholesale Club Holdings, Inc.*
(Household Products) | | | 238 | | | | 20,934 | | |
Black Hills Corp. (Multi-Utilities) | | | 124 | | | | 7,322 | | |
Blackbaud, Inc.* (Software) | | | 72 | | | | 5,715 | | |
Boyd Gaming Corp. (Hotels, Restaurants &
Leisure) | | | 122 | | | | 7,426 | | |
Brighthouse Financial, Inc.* (Insurance) | | | 112 | | | | 5,585 | | |
Brixmor Property Group, Inc. (Retail REITs) | | | 542 | | | | 13,805 | | |
Bruker Corp. (Life Sciences Tools & Services) | | | 176 | | | | 12,058 | | |
Brunswick Corp. (Leisure Products) | | | 122 | | | | 9,937 | | |
Burlington Stores, Inc.* (Specialty Retail) | | | 115 | | | | 29,937 | | |
BWX Technologies, Inc. (Aerospace &
Defense) | | | 164 | | | | 16,316 | | |
Cabot Corp. (Chemicals) | | | 100 | | | | 10,029 | | |
CACI International, Inc.*—Class A
(Professional Services) | | | 39 | | | | 17,998 | | |
Cadence Bank (Banks) | | | 327 | | | | 10,748 | | |
Capri Holdings, Ltd.* (Textiles, Apparel &
Luxury Goods) | | | 209 | | | | 7,010 | | |
Carlisle Cos., Inc. (Building Products) | | | 85 | | | | 35,578 | | |
Carter's, Inc. (Textiles, Apparel & Luxury
Goods) | | | 65 | | | | 3,936 | | |
Casey's General Stores, Inc. (Consumer
Staples Distribution & Retail) | | | 67 | | | | 25,985 | | |
Celsius Holdings, Inc.* (Beverages) | | | 268 | | | | 12,551 | | |
ChampionX Corp. (Energy Equipment &
Services) | | | 342 | | | | 11,717 | | |
Chart Industries, Inc.* (Machinery) | | | 75 | | | | 12,081 | | |
Chemed Corp. (Health Care Providers &
Services) | | | 27 | | | | 15,394 | | |
Chesapeake Energy Corp. (Oil, Gas &
Consumable Fuels) | | | 200 | | | | 15,266 | | |
Choice Hotels International, Inc.(a) (Hotels,
Restaurants & Leisure) | | | 44 | | | | 5,608 | | |
Chord Energy Corp. (Oil, Gas & Consumable
Fuels) | | | 112 | | | | 19,226 | | |
Churchill Downs, Inc. (Hotels, Restaurants &
Leisure) | | | 120 | | | | 17,227 | | |
Ciena Corp.* (Communications Equipment) | | | 259 | | | | 13,660 | | |
Cirrus Logic, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 96 | | | | 12,526 | | |
Civitas Resources, Inc. (Oil, Gas &
Consumable Fuels) | | | 166 | | | | 11,580 | | |
Clean Harbors, Inc.* (Commercial Services &
Supplies) | | | 91 | | | | 21,724 | | |
Cleveland-Cliffs, Inc.* (Metals & Mining) | | | 856 | | | | 13,140 | | |
CNO Financial Group, Inc. (Insurance) | | | 194 | | | | 6,763 | | |
CNX Resources Corp.* (Oil, Gas &
Consumable Fuels) | | | 276 | | | | 7,306 | | |
Coca-Cola Consolidated, Inc. (Beverages) | | | 8 | | | | 9,167 | | |
Cognex Corp. (Electronic Equipment,
Instruments & Components) | | | 309 | | | | 15,333 | | |
Coherent Corp.* (Electronic Equipment,
Instruments & Components) | | | 237 | | | | 16,514 | | |
Columbia Banking System, Inc. (Banks) | | | 376 | | | | 9,836 | | |
Columbia Sportswear Co. (Textiles, Apparel &
Luxury Goods) | | | 60 | | | | 4,902 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Mid-Cap ProFund :: 53
Common Stocks, continued
| | | Shares | | Value | |
Comfort Systems USA, Inc. (Construction &
Engineering) | | | 65 | | | $ | 21,607 | | |
Commerce Bancshares, Inc. (Banks) | | | 211 | | | | 13,654 | | |
Commercial Metals Co. (Metals & Mining) | | | 208 | | | | 12,501 | | |
CommVault Systems, Inc.* (Software) | | | 77 | | | | 11,769 | | |
Concentrix Corp. (Professional Services) | | | 84 | | | | 5,922 | | |
COPT Defense Properties (Office REITs) | | | 202 | | | | 5,852 | | |
Core & Main, Inc.*—Class A (Trading
Companies & Distributors) | | | 307 | | | | 16,415 | | |
Coty, Inc.*—Class A (Personal Care Products) | | | 657 | | | | 6,537 | | |
Cousins Properties, Inc. (Office REITs) | | | 273 | | | | 7,510 | | |
Crane Co. (Machinery) | | | 88 | | | | 14,117 | | |
Crane NXT Co. (Electronic Equipment,
Instruments & Components) | | | 86 | | | | 5,408 | | |
Crocs, Inc.* (Textiles, Apparel & Luxury Goods) | | | 110 | | | | 14,780 | | |
Crown Holdings, Inc. (Containers & Packaging) | | | 214 | | | | 18,982 | | |
CubeSmart (Specialized REITs) | | | 404 | | | | 19,222 | | |
Cullen/Frost Bankers, Inc. (Banks) | | | 115 | | | | 13,462 | | |
Curtiss-Wright Corp. (Aerospace & Defense) | | | 69 | | | | 20,335 | | |
Cytokinetics, Inc.* (Biotechnology) | | | 207 | | | | 12,215 | | |
Darling Ingredients, Inc.* (Food Products) | | | 287 | | | | 11,403 | | |
DENTSPLY SIRONA, Inc. (Health Care
Equipment & Supplies) | | | 373 | | | | 10,123 | | |
Dick's Sporting Goods, Inc. (Specialty Retail) | | | 105 | | | | 22,717 | | |
Dolby Laboratories, Inc.—Class A (Software) | | | 107 | | | | 8,427 | | |
Donaldson Co., Inc. (Machinery) | | | 217 | | | | 16,236 | | |
Doximity, Inc.*—Class A (Health Care
Technology) | | | 219 | | | | 6,132 | | |
Dropbox, Inc.*—Class A (Software) | | | 434 | | | | 10,381 | | |
DT Midstream, Inc. (Oil, Gas & Consumable
Fuels) | | | 174 | | | | 13,113 | | |
Duolingo, Inc.* (Diversified Consumer Services) | | | 67 | | | | 11,520 | | |
Dynatrace, Inc.* (Software) | | | 432 | | | | 18,974 | | |
Eagle Materials, Inc. (Construction Materials) | | | 63 | | | | 17,154 | | |
East West Bancorp, Inc. (Banks) | | | 249 | | | | 21,886 | | |
EastGroup Properties, Inc. (Industrial REITs) | | | 86 | | | | 16,081 | | |
elf Beauty, Inc.* (Personal Care Products) | | | 100 | | | | 17,258 | | |
EMCOR Group, Inc. (Construction &
Engineering) | | | 84 | | | | 31,538 | | |
Encompass Health Corp. (Health Care
Providers & Services) | | | 181 | | | | 16,822 | | |
EnerSys (Electrical Equipment) | | | 72 | | | | 7,915 | | |
Enovis Corp.* (Health Care Equipment &
Supplies) | | | 89 | | | | 4,240 | | |
Envista Holdings Corp.* (Health Care
Equipment & Supplies) | | | 310 | | | | 5,292 | | |
EPR Properties (Specialized REITs) | | | 136 | | | | 6,120 | | |
Equitable Holdings, Inc. (Financial Services) | | | 549 | | | | 23,943 | | |
Equity LifeStyle Properties, Inc. (Residential
REITs) | | | 335 | | | | 23,007 | | |
Erie Indemnity Co.—Class A (Insurance) | | | 46 | | | | 20,293 | | |
Esab Corp. (Machinery) | | | 103 | | | | 10,465 | | |
Essent Group, Ltd. (Financial Services) | | | 191 | | | | 12,002 | | |
Essential Utilities, Inc. (Water Utilities) | | | 452 | | | | 18,374 | | |
Euronet Worldwide, Inc.* (Financial Services) | | | 79 | | | | 8,057 | | |
Evercore, Inc. (Capital Markets) | | | 63 | | | | 15,775 | | |
Exelixis, Inc.* (Biotechnology) | | | 524 | | | | 12,288 | | |
ExlService Holdings, Inc.* (Professional
Services) | | | 292 | | | | 10,296 | | |
Exponent, Inc. (Professional Services) | | | 91 | | | | 9,653 | | |
F.N.B. Corp. (Banks) | | | 648 | | | | 9,940 | | |
Common Stocks, continued
| | | Shares | | Value | |
Federated Hermes, Inc. (Capital Markets) | | | 145 | | | $ | 4,978 | | |
Fidelity National Financial, Inc. (Insurance) | | | 466 | | | | 25,821 | | |
First American Financial Corp. (Insurance) | | | 186 | | | | 11,268 | | |
First Financial Bankshares, Inc. (Banks) | | | 231 | | | | 8,884 | | |
First Horizon Corp. (Banks) | | | 983 | | | | 16,446 | | |
First Industrial Realty Trust, Inc. (Industrial
REITs) | | | 237 | | | | 12,969 | | |
FirstCash Holdings, Inc. (Consumer Finance) | | | 67 | | | | 7,477 | | |
Five Below, Inc.* (Specialty Retail) | | | 100 | | | | 7,274 | | |
Floor & Decor Holdings, Inc.*—Class A
(Specialty Retail) | | | 192 | | | | 18,816 | | |
Flowers Foods, Inc. (Food Products) | | | 345 | | | | 7,769 | | |
Flowserve Corp. (Machinery) | | | 237 | | | | 11,980 | | |
Fluor Corp.* (Construction & Engineering) | | | 307 | | | | 14,767 | | |
Fortune Brands Innovations, Inc. (Building
Products) | | | 226 | | | | 18,263 | | |
Frontier Communications Parent, Inc.*
(Diversified Telecommunication Services) | | | 402 | | | | 11,779 | | |
FTI Consulting, Inc.* (Professional Services) | | | 63 | | | | 13,732 | | |
GameStop Corp.*—Class A (Specialty Retail) | | | 485 | | | | 10,995 | | |
Gaming and Leisure Properties, Inc.
(Specialized REITs) | | | 487 | | | | 24,447 | | |
GATX Corp. (Trading Companies & Distributors) | | | 65 | | | | 9,068 | | |
Genpact, Ltd. (Professional Services) | | | 297 | | | | 10,297 | | |
Gentex Corp. (Automobile Components) | | | 416 | | | | 12,921 | | |
Glacier Bancorp, Inc. (Banks) | | | 204 | | | | 9,121 | | |
Globus Medical, Inc.* (Health Care
Equipment & Supplies) | | | 202 | | | | 14,536 | | |
Graco, Inc. (Machinery) | | | 304 | | | | 25,854 | | |
Graham Holdings Co.—Class B (Diversified
Consumer Services) | | | 6 | | | | 4,649 | | |
Grand Canyon Education, Inc.* (Diversified
Consumer Services) | | | 54 | | | | 8,421 | | |
Graphic Packaging Holding Co. (Containers &
Packaging) | | | 552 | | | | 16,615 | | |
Greif, Inc.—Class A (Containers & Packaging) | | | 46 | | | | 3,067 | | |
GXO Logistics, Inc.* (Air Freight & Logistics) | | | 214 | | | | 11,980 | | |
H&R Block, Inc. (Diversified Consumer
Services) | | | 250 | | | | 14,485 | | |
Haemonetics Corp.* (Health Care
Equipment & Supplies) | | | 91 | | | | 8,195 | | |
Halozyme Therapeutics, Inc.* (Biotechnology) | | | 228 | | | | 12,599 | | |
Hancock Whitney Corp. (Banks) | | | 155 | | | | 8,483 | | |
Harley-Davidson, Inc. (Automobiles) | | | 219 | | | | 8,213 | | |
Healthcare Realty Trust, Inc. (Health Care
REITs) | | | 680 | | | | 12,029 | | |
HealthEquity, Inc.* (Health Care Providers &
Services) | | | 157 | | | | 12,321 | | |
Helen of Troy, Ltd.* (Household Durables) | | | 42 | | | | 2,483 | | |
Hexcel Corp. (Aerospace & Defense) | | | 149 | | | | 9,865 | | |
HF Sinclair Corp. (Oil, Gas & Consumable Fuels) | | | 269 | | | | 13,845 | | |
Hilton Grand Vacations, Inc.* (Hotels,
Restaurants & Leisure) | | | 123 | | | | 5,315 | | |
Home BancShares, Inc. (Banks) | | | 335 | | | | 9,491 | | |
Houlihan Lokey, Inc. (Capital Markets) | | | 94 | | | | 14,124 | | |
Hyatt Hotels Corp.—Class A (Hotels,
Restaurants & Leisure) | | | 82 | | | | 12,081 | | |
IDACORP, Inc. (Electric Utilities) | | | 91 | | | | 8,895 | | |
Illumina, Inc.* (Life Sciences Tools & Services) | | | 287 | | | | 35,185 | | |
Independence Realty Trust, Inc. (Residential
REITs) | | | 404 | | | | 7,535 | | |
See accompanying notes to the financial statements.
54 :: Mid-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Ingredion, Inc. (Food Products) | | | 117 | | | $ | 14,552 | | |
Insperity, Inc. (Professional Services) | | | 65 | | | | 6,677 | | |
Interactive Brokers Group, Inc. (Capital
Markets) | | | 192 | | | | 22,899 | | |
International Bancshares Corp. (Banks) | | | 96 | | | | 6,474 | | |
IPG Photonics Corp.* (Electronic Equipment,
Instruments & Components) | | | 51 | | | | 4,100 | | |
Iridium Communications, Inc. (Diversified
Telecommunication Services) | | | 219 | | | | 6,285 | | |
ITT, Inc. (Machinery) | | | 148 | | | | 20,936 | | |
Janus Henderson Group PLC (Capital Markets) | | | 230 | | | | 8,563 | | |
Jazz Pharmaceuticals PLC* (Pharmaceuticals) | | | 113 | | | | 12,458 | | |
Jefferies Financial Group, Inc. (Capital Markets) | | | 304 | | | | 17,775 | | |
Jones Lang LaSalle, Inc.* (Real Estate
Management & Development) | | | 86 | | | | 21,577 | | |
KB Home (Household Durables) | | | 132 | | | | 11,363 | | |
KBR, Inc. (Professional Services) | | | 242 | | | | 16,115 | | |
Kemper Corp. (Insurance) | | | 108 | | | | 6,918 | | |
Kilroy Realty Corp. (Office REITs) | | | 192 | | | | 7,098 | | |
Kinsale Capital Group, Inc. (Insurance) | | | 39 | | | | 17,826 | | |
Kirby Corp.* (Marine Transportation) | | | 105 | | | | 12,902 | | |
Kite Realty Group Trust (Retail REITs) | | | 395 | | | | 9,741 | | |
Knife River Corp.* (Construction Materials) | | | 103 | | | | 8,191 | | |
Knight-Swift Transportation Holdings, Inc.
(Ground Transportation) | | | 290 | | | | 15,785 | | |
Kyndryl Holdings, Inc.* (IT Services) | | | 412 | | | | 11,070 | | |
Lamar Advertising Co.—Class A (Specialized
REITs) | | | 158 | | | | 18,938 | | |
Lancaster Colony Corp. (Food Products) | | | 37 | | | | 7,143 | | |
Landstar System, Inc. (Ground Transportation) | | | 65 | | | | 12,366 | | |
Lantheus Holdings, Inc.* (Health Care
Equipment & Supplies) | | | 124 | | | | 12,999 | | |
Lattice Semiconductor Corp.*
(Semiconductors & Semiconductor
Equipment) | | | 247 | | | | 13,091 | | |
Lear Corp. (Automobile Components) | | | 103 | | | | 12,570 | | |
Lennox International, Inc. (Building Products) | | | 58 | | | | 33,843 | | |
Light & Wonder, Inc.* (Hotels, Restaurants &
Leisure) | | | 162 | | | | 17,366 | | |
Lincoln Electric Holdings, Inc. (Machinery) | | | 103 | | | | 21,157 | | |
Lithia Motors, Inc. (Specialty Retail) | | | 48 | | | | 13,264 | | |
Littelfuse, Inc. (Electronic Equipment,
Instruments & Components) | | | 44 | | | | 11,753 | | |
LivaNova PLC* (Health Care Equipment &
Supplies) | | | 98 | | | | 4,841 | | |
Louisiana-Pacific Corp. (Paper & Forest
Products) | | | 115 | | | | 11,288 | | |
Lumentum Holdings, Inc.* (Communications
Equipment) | | | 122 | | | | 6,317 | | |
MACOM Technology Solutions Holdings,
Inc.* (Semiconductors & Semiconductor
Equipment) | | | 98 | | | | 9,890 | | |
Macy's, Inc. (Broadline Retail) | | | 495 | | | | 8,554 | | |
Manhattan Associates, Inc.* (Software) | | | 110 | | | | 28,093 | | |
ManpowerGroup, Inc. (Professional Services) | | | 86 | | | | 6,586 | | |
Marriott Vacations Worldwide Corp. (Hotels,
Restaurants & Leisure) | | | 58 | | | | 4,906 | | |
Masimo Corp.* (Health Care Equipment &
Supplies) | | | 81 | | | | 8,665 | | |
MasTec, Inc.* (Construction & Engineering) | | | 110 | | | | 12,103 | | |
Common Stocks, continued
| | | Shares | | Value | |
Matador Resources Co. (Oil, Gas &
Consumable Fuels) | | | 209 | | | $ | 12,849 | | |
Mattel, Inc.* (Leisure Products) | | | 619 | | | | 11,940 | | |
Maximus, Inc. (Professional Services) | | | 110 | | | | 10,218 | | |
MDU Resources Group, Inc. (Construction &
Engineering) | | | 365 | | | | 9,833 | | |
Medpace Holdings, Inc.* (Life Sciences
Tools & Services) | | | 42 | | | | 16,066 | | |
MGIC Investment Corp. (Financial Services) | | | 479 | | | | 11,898 | | |
MKS Instruments, Inc. (Semiconductors &
Semiconductor Equipment) | | | 114 | | | | 14,353 | | |
Morningstar, Inc. (Capital Markets) | | | 47 | | | | 14,930 | | |
MP Materials Corp.*(a) (Metals & Mining) | | | 242 | | | | 3,272 | | |
MSA Safety, Inc. (Commercial Services &
Supplies) | | | 67 | | | | 12,640 | | |
MSC Industrial Direct Co., Inc. (Trading
Companies & Distributors) | | | 82 | | | | 7,294 | | |
Murphy Oil Corp. (Oil, Gas & Consumable
Fuels) | | | 260 | | | | 10,759 | | |
Murphy USA, Inc. (Specialty Retail) | | | 35 | | | | 17,672 | | |
National Fuel Gas Co. (Gas Utilities) | | | 166 | | | | 9,726 | | |
National Storage Affiliates Trust (Specialized
REITs) | | | 124 | | | | 5,279 | | |
Neogen Corp.* (Health Care Equipment &
Supplies) | | | 356 | | | | 6,063 | | |
Neurocrine Biosciences, Inc.* (Biotechnology) | | | 181 | | | | 25,624 | | |
New Jersey Resources Corp. (Gas Utilities) | | | 177 | | | | 8,275 | | |
New York Community Bancorp, Inc.* (Banks) | | | 467 | | | | 4,913 | | |
NewMarket Corp. (Chemicals) | | | 13 | | | | 7,291 | | |
Nexstar Media Group, Inc. (Media) | | | 56 | | | | 10,348 | | |
NEXTracker, Inc.*—Class A (Electrical
Equipment) | | | 221 | | | | 10,860 | | |
NNN REIT, Inc. (Retail REITs) | | | 330 | | | | 14,813 | | |
Nordstrom, Inc. (Broadline Retail) | | | 176 | | | | 4,018 | | |
Northwestern Energy Group, Inc.
(Multi-Utilities) | | | 110 | | | | 5,915 | | |
NOV, Inc. (Energy Equipment & Services) | | | 711 | | | | 14,803 | | |
Novanta, Inc.* (Electronic Equipment,
Instruments & Components) | | | 65 | | | | 11,777 | | |
nVent Electric PLC (Electrical Equipment) | | | 299 | | | | 21,716 | | |
OGE Energy Corp. (Electric Utilities) | | | 360 | | | | 13,957 | | |
Old National Bancorp (Banks) | | | 569 | | | | 11,391 | | |
Old Republic International Corp. (Insurance) | | | 455 | | | | 15,752 | | |
Olin Corp. (Chemicals) | | | 213 | | | | 9,715 | | |
Ollie's Bargain Outlet Holdings, Inc.*
(Broadline Retail) | | | 110 | | | | 10,740 | | |
Omega Healthcare Investors, Inc. (Health
Care REITs) | | | 444 | | | | 16,162 | | |
ONE Gas, Inc. (Gas Utilities) | | | 101 | | | | 7,033 | | |
Onto Innovation, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 88 | | | | 16,834 | | |
Option Care Health, Inc.* (Health Care
Providers & Services) | | | 313 | | | | 9,293 | | |
Ormat Technologies, Inc. (Independent Power
and Renewable Electricity Producers) | | | 96 | | | | 7,453 | | |
Oshkosh Corp. (Machinery) | | | 117 | | | | 12,712 | | |
Ovintiv, Inc. (Oil, Gas & Consumable Fuels) | | | 447 | | | | 20,759 | | |
Owens Corning (Building Products) | | | 155 | | | | 28,889 | | |
Park Hotels & Resorts, Inc. (Hotel & Resort
REITs) | | | 380 | | | | 5,723 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Mid-Cap ProFund :: 55
Common Stocks, continued
| | | Shares | | Value | |
Paylocity Holding Corp.* (Professional
Services) | | | 77 | | | $ | 11,555 | | |
PBF Energy, Inc.—Class A (Oil, Gas &
Consumable Fuels) | | | 190 | | | | 7,743 | | |
Penske Automotive Group, Inc. (Specialty
Retail) | | | 35 | | | | 6,094 | | |
Penumbra, Inc.* (Health Care Equipment &
Supplies) | | | 69 | | | | 11,529 | | |
Performance Food Group Co.* (Consumer
Staples Distribution & Retail) | | | 280 | | | | 19,320 | | |
Permian Resources Corp. (Oil, Gas &
Consumable Fuels) | | | 924 | | | | 14,174 | | |
Perrigo Co. PLC (Pharmaceuticals) | | | 244 | | | | 6,898 | | |
Pilgrim's Pride Corp.* (Food Products) | | | 71 | | | | 2,927 | | |
Pinnacle Financial Partners, Inc. (Banks) | | | 138 | | | | 13,292 | | |
Planet Fitness, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 158 | | | | 11,645 | | |
Polaris, Inc. (Leisure Products) | | | 96 | | | | 7,995 | | |
Portland General Electric Co. (Electric Utilities) | | | 185 | | | | 8,765 | | |
Post Holdings, Inc.* (Food Products) | | | 91 | | | | 9,952 | | |
PotlatchDeltic Corp. (Specialized REITs) | | | 143 | | | | 6,343 | | |
Power Integrations, Inc. (Semiconductors &
Semiconductor Equipment) | | | 103 | | | | 7,523 | | |
Primerica, Inc. (Insurance) | | | 63 | | | | 15,862 | | |
Progyny, Inc.* (Health Care Providers &
Services) | | | 149 | | | | 4,202 | | |
Prosperity Bancshares, Inc. (Banks) | | | 172 | | | | 12,473 | | |
Pure Storage, Inc.*—Class A (Technology
Hardware, Storage & Peripherals) | | | 549 | | | | 32,902 | | |
PVH Corp. (Textiles, Apparel & Luxury Goods) | | | 103 | | | | 10,505 | | |
Qualys, Inc.* (Software) | | | 66 | | | | 9,843 | | |
R1 RCM, Inc.* (Health Care Providers &
Services) | | | 357 | | | | 4,598 | | |
Rambus, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 193 | | | | 9,928 | | |
Range Resources Corp. (Oil, Gas &
Consumable Fuels) | | | 436 | | | | 13,616 | | |
Rayonier, Inc. (Specialized REITs) | | | 246 | | | | 7,461 | | |
RB Global, Inc. (Commercial Services &
Supplies) | | | 330 | | | | 26,278 | | |
RBC Bearings, Inc.* (Machinery) | | | 53 | | | | 15,415 | | |
Regal Rexnord Corp. (Electrical Equipment) | | | 120 | | | | 19,282 | | |
Reinsurance Group of America, Inc.
(Insurance) | | | 119 | | | | 26,827 | | |
Reliance, Inc. (Metals & Mining) | | | 103 | | | | 31,369 | | |
RenaissanceRe Holdings, Ltd. (Insurance) | | | 95 | | | | 22,031 | | |
Repligen Corp.* (Life Sciences Tools &
Services) | | | 93 | | | | 15,564 | | |
Rexford Industrial Realty, Inc. (Industrial REITs) | | | 390 | | | | 19,543 | | |
RH* (Specialty Retail) | | | 27 | | | | 7,832 | | |
RLI Corp. (Insurance) | | | 72 | | | | 10,842 | | |
Roivant Sciences, Ltd.* (Biotechnology) | | | 611 | | | | 6,629 | | |
Royal Gold, Inc. (Metals & Mining) | | | 119 | | | | 16,436 | | |
RPM International, Inc. (Chemicals) | | | 231 | | | | 28,058 | | |
Ryan Specialty Holdings, Inc. (Insurance) | | | 185 | | | | 11,394 | | |
Ryder System, Inc. (Ground Transportation) | | | 79 | | | | 11,073 | | |
Sabra Health Care REIT, Inc. (Health Care REITs) | | | 417 | | | | 6,768 | | |
Saia, Inc.* (Ground Transportation) | | | 48 | | | | 20,057 | | |
Sarepta Therapeutics, Inc.* (Biotechnology) | | | 170 | | | | 24,181 | | |
Science Applications International Corp.
(Professional Services) | | | 92 | | | | 11,445 | | |
Common Stocks, continued
| | | Shares | | Value | |
SEI Investments Co. (Capital Markets) | | | 179 | | | $ | 12,143 | | |
Selective Insurance Group, Inc. (Insurance) | | | 110 | | | | 9,935 | | |
Sensata Technologies Holding PLC
(Electrical Equipment) | | | 270 | | | | 10,527 | | |
Service Corp. International (Diversified
Consumer Services) | | | 262 | | | | 20,937 | | |
Silgan Holdings, Inc. (Containers & Packaging) | | | 145 | | | | 7,457 | | |
Silicon Laboratories, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 58 | | | | 6,968 | | |
Simpson Manufacturing Co., Inc. (Building
Products) | | | 76 | | | | 14,599 | | |
Skechers U.S.A., Inc.*—Class A (Textiles,
Apparel & Luxury Goods) | | | 237 | | | | 15,435 | | |
SLM Corp. (Consumer Finance) | | | 395 | | | | 8,963 | | |
Sonoco Products Co. (Containers & Packaging) | | | 176 | | | | 9,490 | | |
Sotera Health Co.* (Life Sciences Tools &
Services) | | | 225 | | | | 3,121 | | |
SouthState Corp. (Banks) | | | 136 | | | | 13,460 | | |
Southwest Gas Holdings, Inc. (Gas Utilities) | | | 107 | | | | 7,935 | | |
Southwestern Energy Co.* (Oil, Gas &
Consumable Fuels) | | | 1,984 | | | | 12,797 | | |
Spire, Inc. (Gas Utilities) | | | 104 | | | | 6,925 | | |
Sprouts Farmers Market, Inc.* (Consumer
Staples Distribution & Retail) | | | 181 | | | | 18,080 | | |
STAG Industrial, Inc. (Industrial REITs) | | | 327 | | | | 13,345 | | |
Starwood Property Trust, Inc. (Mortgage REITs) | | | 539 | | | | 10,753 | | |
Stericycle, Inc.* (Commercial Services &
Supplies) | | | 167 | | | | 9,778 | | |
Stifel Financial Corp. (Capital Markets) | | | 183 | | | | 16,227 | | |
Synaptics, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 72 | | | | 6,287 | | |
Synovus Financial Corp. (Banks) | | | 264 | | | | 12,342 | | |
Taylor Morrison Home Corp.* (Household
Durables) | | | 190 | | | | 12,745 | | |
TD SYNNEX Corp. (Electronic Equipment,
Instruments & Components) | | | 139 | | | | 16,564 | | |
TEGNA, Inc. (Media) | | | 305 | | | | 4,859 | | |
Tempur Sealy International, Inc. (Household
Durables) | | | 312 | | | | 16,333 | | |
Tenet Healthcare Corp.* (Health Care
Providers & Services) | | | 176 | | | | 26,348 | | |
Teradata Corp.* (Software) | | | 174 | | | | 5,641 | | |
Terex Corp. (Machinery) | | | 122 | | | | 7,718 | | |
Tetra Tech, Inc. (Commercial Services &
Supplies) | | | 96 | | | | 20,471 | | |
Texas Capital Bancshares, Inc.* (Banks) | | | 84 | | | | 5,552 | | |
Texas Pacific Land Corp. (Oil, Gas &
Consumable Fuels) | | | 34 | | | | 28,726 | | |
Texas Roadhouse, Inc. (Hotels, Restaurants &
Leisure) | | | 120 | | | | 20,952 | | |
The Boston Beer Co., Inc.*—Class A
(Beverages) | | | 16 | | | | 4,483 | | |
The Brink's Co. (Commercial Services &
Supplies) | | | 79 | | | | 8,689 | | |
The Carlyle Group, Inc. (Capital Markets) | | | 388 | | | | 19,298 | | |
The Chemours Co. (Chemicals) | | | 268 | | | | 6,478 | | |
The Gap, Inc. (Specialty Retail) | | | 390 | | | | 9,157 | | |
The Goodyear Tire & Rubber Co.*
(Automobile Components) | | | 513 | | | | 6,002 | | |
The Hanover Insurance Group, Inc. (Insurance) | | | 65 | | | | 8,937 | | |
The Middleby Corp.* (Machinery) | | | 96 | | | | 13,016 | | |
See accompanying notes to the financial statements.
56 :: Mid-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
The New York Times Co.—Class A (Media) | | | 294 | | | $ | 15,756 | | |
The Scotts Miracle-Gro Co. (Chemicals) | | | 75 | | | | 5,895 | | |
The Timken Co. (Machinery) | | | 117 | | | | 10,173 | | |
The Toro Co. (Machinery) | | | 188 | | | | 17,997 | | |
The Wendy's Co. (Hotels, Restaurants & Leisure) | | | 299 | | | | 5,062 | | |
The Western Union Co. (Financial Services) | | | 608 | | | | 7,229 | | |
Thor Industries, Inc. (Automobiles) | | | 96 | | | | 10,189 | | |
TKO Group Holdings, Inc. (Entertainment) | | | 105 | | | | 11,481 | | |
Toll Brothers, Inc. (Household Durables) | | | 188 | | | | 26,829 | | |
TopBuild Corp.* (Household Durables) | | | 57 | | | | 27,277 | | |
Travel + Leisure Co. (Hotels, Restaurants &
Leisure) | | | 128 | | | | 5,900 | | |
Trex Co., Inc.* (Building Products) | | | 195 | | | | 16,308 | | |
TXNM Energy, Inc. (Electric Utilities) | | | 162 | | | | 6,736 | | |
UFP Industries, Inc. (Building Products) | | | 111 | | | | 14,644 | | |
UGI Corp. (Gas Utilities) | | | 377 | | | | 9,342 | | |
UMB Financial Corp. (Banks) | | | 79 | | | | 8,060 | | |
Under Armour, Inc.*—Class A (Textiles,
Apparel & Luxury Goods) | | | 341 | | | | 2,377 | | |
Under Armour, Inc.*—Class C (Textiles,
Apparel & Luxury Goods) | | | 345 | | | | 2,343 | | |
United Bankshares, Inc. (Banks) | | | 242 | | | | 9,421 | | |
United States Steel Corp. (Metals & Mining) | | | 402 | | | | 16,518 | | |
United Therapeutics Corp.* (Biotechnology) | | | 79 | | | | 24,750 | | |
Universal Display Corp. (Semiconductors &
Semiconductor Equipment) | | | 79 | | | | 17,587 | | |
Unum Group (Insurance) | | | 320 | | | | 18,410 | | |
US Foods Holding Corp.* (Consumer Staples
Distribution & Retail) | | | 406 | | | | 22,082 | | |
Vail Resorts, Inc. (Hotels, Restaurants &
Leisure) | | | 67 | | | | 12,195 | | |
Valaris, Ltd.* (Energy Equipment & Services) | | | 112 | | | | 8,802 | | |
Valley National Bancorp (Banks) | | | 770 | | | | 6,468 | | |
Valmont Industries, Inc. (Construction &
Engineering) | | | 37 | | | | 11,039 | | |
Valvoline, Inc.* (Specialty Retail) | | | 231 | | | | 10,742 | | |
Vishay Intertechnology, Inc. (Electronic
Equipment, Instruments & Components) | | | 225 | | | | 5,470 | | |
Visteon Corp.* (Automobile Components) | | | 49 | | | | 5,661 | | |
Vontier Corp. (Electronic Equipment,
Instruments & Components) | | | 277 | | | | 10,867 | | |
Vornado Realty Trust (Office REITs) | | | 288 | | | | 8,638 | | |
Voya Financial, Inc. (Financial Services) | | | 181 | | | | 13,164 | | |
Warner Music Group Corp.—Class A
(Entertainment) | | | 255 | | | | 7,653 | | |
Watsco, Inc. (Trading Companies &
Distributors) | | | 58 | | | | 28,390 | | |
Watts Water Technologies, Inc.—Class A
(Machinery) | | | 48 | | | | 9,961 | | |
Weatherford International PLC* (Energy
Equipment & Services) | | | 131 | | | | 15,440 | | |
Webster Financial Corp. (Banks) | | | 309 | | | | 15,333 | | |
WESCO International, Inc. (Trading
Companies & Distributors) | | | 79 | | | | 13,821 | | |
Westlake Corp. (Chemicals) | | | 58 | | | | 8,576 | | |
WEX, Inc.* (Financial Services) | | | 75 | | | | 13,759 | | |
Whirlpool Corp. (Household Durables) | | | 98 | | | | 9,993 | | |
Williams-Sonoma, Inc. (Specialty Retail) | | | 230 | | | | 35,576 | | |
Wingstop, Inc. (Hotels, Restaurants & Leisure) | | | 54 | | | | 20,190 | | |
Wintrust Financial Corp. (Banks) | | | 117 | | | | 12,659 | | |
Common Stocks, continued
| | | Shares | | Value | |
Wolfspeed, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 226 | | | $ | 4,260 | | |
Woodward, Inc. (Aerospace & Defense) | | | 110 | | | | 17,159 | | |
WP Carey, Inc. (Diversified REITs) | | | 394 | | | | 22,777 | | |
Wyndham Hotels & Resorts, Inc. (Hotels,
Restaurants & Leisure) | | | 145 | | | | 10,979 | | |
XPO, Inc.* (Ground Transportation) | | | 209 | | | | 24,012 | | |
YETI Holdings, Inc.* (Leisure Products) | | | 152 | | | | 6,285 | | |
Ziff Davis, Inc.* (Interactive Media &
Services) | | | 84 | | | | 4,022 | | |
Zions Bancorp NA (Banks) | | | 266 | | | | 13,744 | | |
ZoomInfo Technologies, Inc.* (Interactive
Media & Services) | | | 512 | | | | 5,816 | | |
TOTAL COMMON STOCKS
(Cost $3,039,135) | | | | | 5,089,470 | | |
Repurchase Agreements(b)(c) (50.1%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $5,272,761 | | $ | 5,272,000 | | | $ | 5,272,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $5,272,000) | | | | | 5,272,000 | | |
Collateral for Securities Loaned(d) (0.1%)
| | | Shares | | Value | |
Invesco Government & Agency Portfolio—
Institutional Shares, 5.22%(e) | | | 8,448 | | | $ | 8,448 | | |
TOTAL COLLATERAL FOR SECURITIES LOANED
(Cost $8,448) | | | | | 8,448 | | |
TOTAL INVESTMENT SECURITIES
(Cost $8,319,583)—98.6% | | | | | 10,369,918 | | |
Net other assets (liabilities)—1.4% | | | | | 148,414 | | |
NET ASSETS—100.0% | | | | $ | 10,518,332 | | |
* Non-income producing security.
(a) All or part of this security was on loan as of July 31, 2024. The total value of securities on loan as of July 31, 2024 was $8,181.
(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, 2024, the aggregate amount held in a segregated account was $573,000.
(d) Securities were purchased with cash collateral held from securities on loan at July 31, 2024.
(e) Rate periodically changes. Rate disclosed is the daily yield on July 31, 2024.
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Mid-Cap ProFund :: 57
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 | | 8/27/24 | | | 5.98 | % | | $ | 4,826,701 | | | $ | 42,692 | | |
S&P MidCap 400 | | UBS AG | | 8/27/24 | | | 5.68 | % | | | 577,801 | | | | 5,154 | | |
| | | | | | | | | $ | 5,404,502 | | | $ | 47,846 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
Mid-Cap ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Aerospace & Defense | | $ | 63,675 | | | | 0.6 | % | |
Air Freight & Logistics | | | 11,980 | | | | 0.1 | % | |
Automobile Components | | | 54,476 | | | | 0.5 | % | |
Automobiles | | | 18,402 | | | | 0.2 | % | |
Banks | | | 292,555 | | | | 2.8 | % | |
Beverages | | | 26,201 | | | | 0.2 | % | |
Biotechnology | | | 153,412 | | | | 1.5 | % | |
Broadline Retail | | | 23,312 | | | | 0.2 | % | |
Building Products | | | 194,525 | | | | 1.9 | % | |
Capital Markets | | | 157,478 | | | | 1.5 | % | |
Chemicals | | | 112,317 | | | | 1.1 | % | |
Commercial Services & Supplies | | | 99,580 | | | | 0.9 | % | |
Communications Equipment | | | 19,977 | | | | 0.2 | % | |
Construction & Engineering | | | 123,086 | | | | 1.2 | % | |
Construction Materials | | | 25,345 | | | | 0.2 | % | |
Consumer Finance | | | 38,585 | | | | 0.4 | % | |
Consumer Staples Distribution & Retail | | | 85,468 | | | | 0.8 | % | |
Containers & Packaging | | | 86,722 | | | | 0.8 | % | |
Diversified Consumer Services | | | 60,012 | | | | 0.6 | % | |
Diversified REITs | | | 22,777 | | | | 0.2 | % | |
Diversified Telecommunication Services | | | 18,064 | | | | 0.2 | % | |
Electric Utilities | | | 44,997 | | | | 0.4 | % | |
Electrical Equipment | | | 84,376 | | | | 0.8 | % | |
Electronic Equipment, Instruments &
Components | | | 125,135 | | | | 1.2 | % | |
Energy Equipment & Services | | | 50,762 | | | | 0.5 | % | |
Entertainment | | | 19,134 | | | | 0.2 | % | |
Financial Services | | | 90,052 | | | | 0.9 | % | |
Food Products | | | 53,746 | | | | 0.5 | % | |
Gas Utilities | | | 49,236 | | | | 0.5 | % | |
Ground Transportation | | | 86,525 | | | | 0.8 | % | |
Health Care Equipment & Supplies | | | 86,483 | | | | 0.8 | % | |
Health Care Providers & Services | | | 105,495 | | | | 1.0 | % | |
Health Care REITs | | | 34,959 | | | | 0.3 | % | |
Health Care Technology | | | 6,132 | | | | 0.1 | % | |
Hotel & Resort REITs | | | 5,723 | | | | 0.1 | % | |
Hotels, Restaurants & Leisure | | | 173,062 | | | | 1.6 | % | |
Household Durables | | | 107,023 | | | | 1.0 | % | |
Household Products | | | 20,934 | | | | 0.2 | % | |
Independent Power and Renewable
Electricity Producers | | | 7,453 | | | | 0.1 | % | |
| | | Value | | % of
Net Assets | |
Industrial REITs | | $ | 61,938 | | | | 0.6 | % | |
Insurance | | | 249,786 | | | | 2.4 | % | |
Interactive Media & Services | | | 9,838 | | | | 0.1 | % | |
IT Services | | | 11,070 | | | | 0.1 | % | |
Leisure Products | | | 36,157 | | | | 0.3 | % | |
Life Sciences Tools & Services | | | 120,502 | | | | 1.1 | % | |
Machinery | | | 230,299 | | | | 2.2 | % | |
Marine Transportation | | | 12,902 | | | | 0.1 | % | |
Media | | | 30,962 | | | | 0.3 | % | |
Metals & Mining | | | 103,875 | | | | 1.0 | % | |
Mortgage REITs | | | 28,652 | | | | 0.3 | % | |
Multi-Utilities | | | 13,237 | | | | 0.1 | % | |
Office REITs | | | 29,098 | | | | 0.3 | % | |
Oil, Gas & Consumable Fuels | | | 225,826 | | | | 2.1 | % | |
Paper & Forest Products | | | 11,288 | | | | 0.1 | % | |
Personal Care Products | | | 35,795 | | | | 0.3 | % | |
Pharmaceuticals | | | 19,356 | | | | 0.2 | % | |
Professional Services | | | 138,256 | | | | 1.3 | % | |
Real Estate Management &
Development | | | 21,577 | | | | 0.2 | % | |
Residential REITs | | | 51,402 | | | | 0.5 | % | |
Retail REITs | | | 50,843 | | | | 0.5 | % | |
Semiconductors & Semiconductor
Equipment | | | 129,424 | | | | 1.2 | % | |
Software | | | 125,758 | | | | 1.2 | % | |
Specialized REITs | | | 87,811 | | | | 0.8 | % | |
Specialty Retail | | | 212,035 | | | | 2.0 | % | |
Technology Hardware, Storage &
Peripherals | | | 32,902 | | | | 0.3 | % | |
Textiles, Apparel & Luxury Goods | | | 61,288 | | | | 0.6 | % | |
Trading Companies & Distributors | | | 90,043 | | | | 0.9 | % | |
Water Utilities | | | 18,374 | | | | 0.2 | % | |
Other** | | | 5,428,862 | | | | 51.6 | % | |
Total | | $ | 10,518,332 | | | | 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.
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
58 :: Mid-Cap Value ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (99.4%)
| | | Shares | | Value | |
Acuity Brands, Inc. (Electrical Equipment) | | | 49 | | | $ | 12,316 | | |
Adient PLC* (Automobile Components) | | | 298 | | | | 7,676 | | |
AECOM (Construction & Engineering) | | | 244 | | | | 22,109 | | |
Affiliated Managers Group, Inc. (Capital
Markets) | | | 106 | | | | 19,676 | | |
AGCO Corp. (Machinery) | | | 206 | | | | 19,451 | | |
Agree Realty Corp. (Retail REITs) | | | 333 | | | | 22,966 | | |
Alcoa Corp. (Metals & Mining) | | | 595 | | | | 19,659 | | |
Allegro MicroSystems, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 207 | | | | 4,976 | | |
ALLETE, Inc. (Electric Utilities) | | | 191 | | | | 12,320 | | |
Ally Financial, Inc. (Consumer Finance) | | | 907 | | | | 40,824 | | |
Amedisys, Inc.* (Health Care Providers &
Services) | | | 64 | | | | 6,275 | | |
American Financial Group, Inc. (Insurance) | | | 217 | | | | 28,418 | | |
American Homes 4 Rent—Class A
(Residential REITs) | | | 427 | | | | 15,411 | | |
Amkor Technology, Inc. (Semiconductors &
Semiconductor Equipment) | | | 342 | | | | 11,170 | | |
Annaly Capital Management, Inc.
(Mortgage REITs) | | | 1,660 | | | | 33,051 | | |
Antero Midstream Corp. (Oil, Gas &
Consumable Fuels) | | | 477 | | | | 6,850 | | |
Antero Resources Corp.* (Oil, Gas &
Consumable Fuels) | | | 970 | | | | 28,149 | | |
AptarGroup, Inc. (Containers & Packaging) | | | 91 | | | | 13,375 | | |
Aramark (Hotels, Restaurants & Leisure) | | | 872 | | | | 29,883 | | |
Arcadium Lithium PLC* (Chemicals) | | | 1,336 | | | | 4,248 | | |
Arrow Electronics, Inc.* (Electronic
Equipment, Instruments & Components) | | | 177 | | | | 21,893 | | |
ASGN, Inc.* (Professional Services) | | | 152 | | | | 14,390 | | |
Ashland, Inc. (Chemicals) | | | 166 | | | | 16,044 | | |
Aspen Technology, Inc.* (Software) | | | 46 | | | | 8,646 | | |
Associated Banc-Corp. (Banks) | | | 491 | | | | 11,283 | | |
Autoliv, Inc. (Automobile Components) | | | 96 | | | | 9,709 | | |
AutoNation, Inc.* (Specialty Retail) | | | 82 | | | | 15,639 | | |
Avantor, Inc.* (Life Sciences Tools &
Services) | | | 1,307 | | | | 34,962 | | |
Avient Corp. (Chemicals) | | | 302 | | | | 13,662 | | |
Avnet, Inc. (Electronic Equipment,
Instruments & Components) | | | 299 | | | | 16,074 | | |
Azenta, Inc.* (Life Sciences Tools &
Services) | | | 65 | | | | 4,049 | | |
Bank OZK (Banks) | | | 168 | | | | 7,878 | | |
Belden, Inc. (Electronic Equipment,
Instruments & Components) | | | 135 | | | | 12,513 | | |
BellRing Brands, Inc.* (Personal Care
Products) | | | 204 | | | | 10,461 | | |
Berry Global Group, Inc. (Containers &
Packaging) | | | 378 | | | | 24,842 | | |
BioMarin Pharmaceutical, Inc.*
(Biotechnology) | | | 277 | | | | 23,359 | | |
BJ's Wholesale Club Holdings, Inc.*
(Household Products) | | | 441 | | | | 38,790 | | |
Black Hills Corp. (Multi-Utilities) | | | 229 | | | | 13,523 | | |
Blackbaud, Inc.* (Software) | | | 51 | | | | 4,048 | | |
Brighthouse Financial, Inc.* (Insurance) | | | 206 | | | | 10,273 | | |
Brixmor Property Group, Inc. (Retail REITs) | | | 559 | | | | 14,238 | | |
Bruker Corp. (Life Sciences Tools &
Services) | | | 129 | | | | 8,838 | | |
Common Stocks, continued
| | | Shares | | Value | |
Brunswick Corp. (Leisure Products) | | | 87 | | | $ | 7,086 | | |
Burlington Stores, Inc.* (Specialty Retail) | | | 85 | | | | 22,127 | | |
Cabot Corp. (Chemicals) | | | 62 | | | | 6,218 | | |
CACI International, Inc.*—Class A
(Professional Services) | | | 46 | | | | 21,227 | | |
Cadence Bank (Banks) | | | 606 | | | | 19,919 | | |
Capri Holdings, Ltd.* (Textiles, Apparel &
Luxury Goods) | | | 201 | | | | 6,742 | | |
Carter's, Inc. (Textiles, Apparel & Luxury
Goods) | | | 120 | | | | 7,266 | | |
ChampionX Corp. (Energy Equipment &
Services) | | | 208 | | | | 7,126 | | |
Chemed Corp. (Health Care Providers &
Services) | | | 20 | | | | 11,403 | | |
Chesapeake Energy Corp. (Oil, Gas &
Consumable Fuels) | | | 369 | | | | 28,166 | | |
Choice Hotels International, Inc.(a) (Hotels,
Restaurants & Leisure) | | | 39 | | | | 4,971 | | |
Ciena Corp.* (Communications Equipment) | | | 282 | | | | 14,873 | | |
Cirrus Logic, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 77 | | | | 10,047 | | |
Cleveland-Cliffs, Inc.* (Metals & Mining) | | | 1,576 | | | | 24,192 | | |
CNO Financial Group, Inc. (Insurance) | | | 359 | | | | 12,515 | | |
Cognex Corp. (Electronic Equipment,
Instruments & Components) | | | 320 | | | | 15,878 | | |
Coherent Corp.* (Electronic Equipment,
Instruments & Components) | | | 440 | | | | 30,658 | | |
Columbia Banking System, Inc. (Banks) | | | 694 | | | | 18,155 | | |
Columbia Sportswear Co. (Textiles, Apparel &
Luxury Goods) | | | 59 | | | | 4,820 | | |
Commerce Bancshares, Inc. (Banks) | | | 231 | | | | 14,948 | | |
Commercial Metals Co. (Metals & Mining) | | | 383 | | | | 23,018 | | |
CommVault Systems, Inc.* (Software) | | | 59 | | | | 9,018 | | |
Concentrix Corp. (Professional Services) | | | 155 | | | | 10,928 | | |
COPT Defense Properties (Office REITs) | | | 228 | | | | 6,605 | | |
Core & Main, Inc.*—Class A (Trading
Companies & Distributors) | | | 244 | | | | 13,046 | | |
Cousins Properties, Inc. (Office REITs) | | | 504 | | | | 13,865 | | |
Crane NXT Co. (Electronic Equipment,
Instruments & Components) | | | 160 | | | | 10,061 | | |
Crown Holdings, Inc. (Containers &
Packaging) | | | 210 | | | | 18,627 | | |
CubeSmart (Specialized REITs) | | | 336 | | | | 15,987 | | |
Cullen/Frost Bankers, Inc. (Banks) | | | 123 | | | | 14,398 | | |
Curtiss-Wright Corp. (Aerospace &
Defense) | | | 43 | | | | 12,672 | | |
Cytokinetics, Inc.* (Biotechnology) | | | 209 | | | | 12,333 | | |
Darling Ingredients, Inc.* (Food Products) | | | 531 | | | | 21,096 | | |
DENTSPLY SIRONA, Inc. (Health Care
Equipment & Supplies) | | | 689 | | | | 18,699 | | |
Dick's Sporting Goods, Inc. (Specialty
Retail) | | | 91 | | | | 19,688 | | |
Dolby Laboratories, Inc.—Class A
(Software) | | | 85 | | | | 6,695 | | |
Donaldson Co., Inc. (Machinery) | | | 172 | | | | 12,869 | | |
Doximity, Inc.*—Class A (Health Care
Technology) | | | 203 | | | | 5,684 | | |
DT Midstream, Inc. (Oil, Gas & Consumable
Fuels) | | | 118 | | | | 8,892 | | |
East West Bancorp, Inc. (Banks) | | | 212 | | | | 18,633 | | |
EastGroup Properties, Inc. (Industrial REITs) | | | 62 | | | | 11,593 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Mid-Cap Value ProFund :: 59
Common Stocks, continued
| | | Shares | | Value | |
Encompass Health Corp. (Health Care
Providers & Services) | | | 184 | | | $ | 17,101 | | |
EnerSys (Electrical Equipment) | | | 77 | | | | 8,465 | | |
Enovis Corp.* (Health Care Equipment &
Supplies) | | | 166 | | | | 7,908 | | |
Envista Holdings Corp.* (Health Care
Equipment & Supplies) | | | 570 | | | | 9,730 | | |
EPR Properties (Specialized REITs) | | | 96 | | | | 4,320 | | |
Equitable Holdings, Inc. (Financial Services) | | | 476 | | | | 20,758 | | |
Equity LifeStyle Properties, Inc. (Residential
REITs) | | | 222 | | | | 15,247 | | |
Erie Indemnity Co.—Class A (Insurance) | | | 34 | | | | 14,999 | | |
Essent Group, Ltd. (Financial Services) | | | 354 | | | | 22,246 | | |
Essential Utilities, Inc. (Water Utilities) | | | 434 | | | | 17,642 | | |
Euronet Worldwide, Inc.* (Financial
Services) | | | 67 | | | | 6,833 | | |
Evercore, Inc. (Capital Markets) | | | 36 | | | | 9,014 | | |
ExlService Holdings, Inc.* (Professional
Services) | | | 232 | | | | 8,180 | | |
Exponent, Inc. (Professional Services) | | | 82 | | | | 8,699 | | |
F.N.B. Corp. (Banks) | | | 1,193 | | | | 18,301 | | |
Federated Hermes, Inc. (Capital Markets) | | | 265 | | | | 9,097 | | |
Fidelity National Financial, Inc. (Insurance) | | | 862 | | | | 47,763 | | |
First American Financial Corp. (Insurance) | | | 345 | | | | 20,900 | | |
First Financial Bankshares, Inc. (Banks) | | | 256 | | | | 9,846 | | |
First Horizon Corp. (Banks) | | | 1,814 | | | | 30,347 | | |
First Industrial Realty Trust, Inc. (Industrial
REITs) | | | 228 | | | | 12,476 | | |
Flowers Foods, Inc. (Food Products) | | | 637 | | | | 14,345 | | |
Flowserve Corp. (Machinery) | | | 241 | | | | 12,183 | | |
Fluor Corp.* (Construction & Engineering) | | | 568 | | | | 27,322 | | |
Fortune Brands Innovations, Inc. (Building
Products) | | | 249 | | | | 20,122 | | |
Frontier Communications Parent, Inc.*
(Diversified Telecommunication Services) | | | 741 | | | | 21,712 | | |
GameStop Corp.*—Class A (Specialty
Retail) | | | 893 | | | | 20,244 | | |
Gaming and Leisure Properties, Inc.
(Specialized REITs) | | | 514 | | | | 25,802 | | |
GATX Corp. (Trading Companies &
Distributors) | | | 75 | | | | 10,463 | | |
Genpact, Ltd. (Professional Services) | | | 549 | | | | 19,033 | | |
Gentex Corp. (Automobile Components) | | | 276 | | | | 8,573 | | |
Glacier Bancorp, Inc. (Banks) | | | 375 | | | | 16,766 | | |
Globus Medical, Inc.* (Health Care
Equipment & Supplies) | | | 373 | | | | 26,842 | | |
Graham Holdings Co.—Class B (Diversified
Consumer Services) | | | 11 | | | | 8,523 | | |
Graphic Packaging Holding Co. (Containers &
Packaging) | | | 1,018 | | | | 30,641 | | |
Greif, Inc.—Class A (Containers &
Packaging) | | | 85 | | | | 5,668 | | |
GXO Logistics, Inc.* (Air Freight &
Logistics) | | | 147 | | | | 8,229 | | |
Haemonetics Corp.* (Health Care
Equipment & Supplies) | | | 68 | | | | 6,123 | | |
Hancock Whitney Corp. (Banks) | | | 138 | | | | 7,553 | | |
Harley-Davidson, Inc. (Automobiles) | | | 406 | | | | 15,225 | | |
Healthcare Realty Trust, Inc. (Health Care
REITs) | | | 1,254 | | | | 22,183 | | |
Common Stocks, continued
| | | Shares | | Value | |
HealthEquity, Inc.* (Health Care Providers &
Services) | | | 142 | | | $ | 11,144 | | |
Helen of Troy, Ltd.* (Household Durables) | | | 79 | | | | 4,670 | | |
Hexcel Corp. (Aerospace & Defense) | | | 141 | | | | 9,336 | | |
HF Sinclair Corp. (Oil, Gas & Consumable
Fuels) | | | 497 | | | | 25,581 | | |
Hilton Grand Vacations, Inc.* (Hotels,
Restaurants & Leisure) | | | 86 | | | | 3,716 | | |
Home BancShares, Inc. (Banks) | | | 617 | | | | 17,480 | | |
IDACORP, Inc. (Electric Utilities) | | | 103 | | | | 10,068 | | |
Illumina, Inc.* (Life Sciences Tools &
Services) | | | 529 | | | | 64,855 | | |
Independence Realty Trust, Inc. (Residential
REITs) | | | 745 | | | | 13,894 | | |
Ingredion, Inc. (Food Products) | | | 140 | | | | 17,412 | | |
Insperity, Inc. (Professional Services) | | | 60 | | | | 6,163 | | |
Interactive Brokers Group, Inc. (Capital
Markets) | | | 146 | | | | 17,413 | | |
International Bancshares Corp. (Banks) | | | 101 | | | | 6,811 | | |
IPG Photonics Corp.* (Electronic
Equipment, Instruments & Components) | | | 52 | | | | 4,181 | | |
Iridium Communications, Inc. (Diversified
Telecommunication Services) | | | 202 | | | | 5,797 | | |
Janus Henderson Group PLC (Capital
Markets) | | | 426 | | | | 15,860 | | |
Jazz Pharmaceuticals PLC*
(Pharmaceuticals) | | | 120 | | | | 13,230 | | |
Jefferies Financial Group, Inc. (Capital
Markets) | | | 563 | | | | 32,920 | | |
Jones Lang LaSalle, Inc.* (Real Estate
Management & Development) | | | 157 | | | | 39,391 | | |
KB Home (Household Durables) | | | 121 | | | | 10,416 | | |
KBR, Inc. (Professional Services) | | | 241 | | | | 16,048 | | |
Kemper Corp. (Insurance) | | | 201 | | | | 12,876 | | |
Kilroy Realty Corp. (Office REITs) | | | 354 | | | | 13,087 | | |
Kirby Corp.* (Marine Transportation) | | | 112 | | | | 13,763 | | |
Kite Realty Group Trust (Retail REITs) | | | 727 | | | | 17,928 | | |
Knife River Corp.* (Construction Materials) | | | 55 | | | | 4,374 | | |
Knight-Swift Transportation Holdings, Inc.
(Ground Transportation) | | | 537 | | | | 29,230 | | |
Kyndryl Holdings, Inc.* (IT Services) | | | 764 | | | | 20,529 | | |
Lamar Advertising Co.—Class A
(Specialized REITs) | | | 121 | | | | 14,503 | | |
Lancaster Colony Corp. (Food Products) | | | 34 | | | | 6,564 | | |
Landstar System, Inc. (Ground
Transportation) | | | 37 | | | | 7,039 | | |
Lear Corp. (Automobile Components) | | | 188 | | | | 22,944 | | |
Lithia Motors, Inc. (Specialty Retail) | | | 92 | | | | 25,422 | | |
Littelfuse, Inc. (Electronic Equipment,
Instruments & Components) | | | 24 | | | | 6,411 | | |
LivaNova PLC* (Health Care Equipment &
Supplies) | | | 113 | | | | 5,582 | | |
Louisiana-Pacific Corp. (Paper & Forest
Products) | | | 75 | | | | 7,362 | | |
Lumentum Holdings, Inc.*
(Communications Equipment) | | | 223 | | | | 11,547 | | |
MACOM Technology Solutions Holdings,
Inc.* (Semiconductors & Semiconductor
Equipment) | | | 68 | | | | 6,863 | | |
Macy's, Inc. (Broadline Retail) | | | 912 | | | | 15,759 | | |
See accompanying notes to the financial statements.
60 :: Mid-Cap Value ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
ManpowerGroup, Inc. (Professional
Services) | | | 158 | | | $ | 12,100 | | |
Marriott Vacations Worldwide Corp.
(Hotels, Restaurants & Leisure) | | | 108 | | | | 9,135 | | |
Masimo Corp.* (Health Care Equipment &
Supplies) | | | 58 | | | | 6,205 | | |
MasTec, Inc.* (Construction & Engineering) | | | 202 | | | | 22,226 | | |
Mattel, Inc.* (Leisure Products) | | | 639 | | | | 12,326 | | |
Maximus, Inc. (Professional Services) | | | 55 | | | | 5,109 | | |
MDU Resources Group, Inc. (Construction &
Engineering) | | | 677 | | | | 18,238 | | |
MGIC Investment Corp. (Financial Services) | | | 548 | | | | 13,612 | | |
MKS Instruments, Inc. (Semiconductors &
Semiconductor Equipment) | | | 107 | | | | 13,470 | | |
MP Materials Corp.*(a) (Metals & Mining) | | | 267 | | | | 3,610 | | |
MSC Industrial Direct Co., Inc. (Trading
Companies & Distributors) | | | 70 | | | | 6,227 | | |
Murphy Oil Corp. (Oil, Gas & Consumable
Fuels) | | | 274 | | | | 11,338 | | |
National Fuel Gas Co. (Gas Utilities) | | | 304 | | | | 17,811 | | |
National Storage Affiliates Trust (Specialized
REITs) | | | 117 | | | | 4,981 | | |
Neogen Corp.* (Health Care Equipment &
Supplies) | | | 654 | | | | 11,138 | | |
New Jersey Resources Corp. (Gas Utilities) | | | 328 | | | | 15,334 | | |
New York Community Bancorp, Inc.*
(Banks) | | | 862 | | | | 9,068 | | |
Nexstar Media Group, Inc. (Media) | | | 103 | | | | 19,033 | | |
NNN REIT, Inc. (Retail REITs) | | | 383 | | | | 17,193 | | |
Nordstrom, Inc. (Broadline Retail) | | | 325 | | | | 7,420 | | |
Northwestern Energy Group, Inc.
(Multi-Utilities) | | | 204 | | | | 10,969 | | |
NOV, Inc. (Energy Equipment & Services) | | | 1,312 | | | | 27,316 | | |
Novanta, Inc.* (Electronic Equipment,
Instruments & Components) | | | 50 | | | | 9,059 | | |
OGE Energy Corp. (Electric Utilities) | | | 664 | | | | 25,743 | | |
Old National Bancorp (Banks) | | | 1,047 | | | | 20,961 | | |
Old Republic International Corp. (Insurance) | | | 837 | | | | 28,977 | | |
Olin Corp. (Chemicals) | | | 233 | | | | 10,627 | | |
Omega Healthcare Investors, Inc. (Health
Care REITs) | | | 482 | | | | 17,545 | | |
ONE Gas, Inc. (Gas Utilities) | | | 188 | | | | 13,090 | | |
Option Care Health, Inc.* (Health Care
Providers & Services) | | | 259 | | | | 7,690 | | |
Ormat Technologies, Inc. (Independent
Power and Renewable Electricity Producers) | | | 179 | | | | 13,898 | | |
Oshkosh Corp. (Machinery) | | | 217 | | | | 23,577 | | |
PBF Energy, Inc.—Class A (Oil, Gas &
Consumable Fuels) | | | 350 | | | | 14,263 | | |
Penske Automotive Group, Inc. (Specialty
Retail) | | | 65 | | | | 11,317 | | |
Performance Food Group Co.* (Consumer
Staples Distribution & Retail) | | | 516 | | | | 35,604 | | |
Perrigo Co. PLC (Pharmaceuticals) | | | 451 | | | | 12,750 | | |
Pilgrim's Pride Corp.* (Food Products) | | | 133 | | | | 5,484 | | |
Pinnacle Financial Partners, Inc. (Banks) | | | 150 | | | | 14,448 | | |
Polaris, Inc. (Leisure Products) | | | 177 | | | | 14,741 | | |
Portland General Electric Co. (Electric
Utilities) | | | 341 | | | | 16,157 | | |
Post Holdings, Inc.* (Food Products) | | | 167 | | | | 18,263 | | |
PotlatchDeltic Corp. (Specialized REITs) | | | 263 | | | | 11,667 | | |
Common Stocks, continued
| | | Shares | | Value | |
Power Integrations, Inc. (Semiconductors &
Semiconductor Equipment) | | | 95 | | | $ | 6,939 | | |
Prosperity Bancshares, Inc. (Banks) | | | 319 | | | | 23,134 | | |
PVH Corp. (Textiles, Apparel & Luxury
Goods) | | | 188 | | | | 19,174 | | |
R1 RCM, Inc.* (Health Care Providers &
Services) | | | 656 | | | | 8,449 | | |
Rayonier, Inc. (Specialized REITs) | | | 281 | | | | 8,523 | | |
Regal Rexnord Corp. (Electrical Equipment) | | | 220 | | | | 35,349 | | |
Reinsurance Group of America, Inc.
(Insurance) | | | 218 | | | | 49,145 | | |
RenaissanceRe Holdings, Ltd. (Insurance) | | | 79 | | | | 18,321 | | |
Rexford Industrial Realty, Inc. (Industrial
REITs) | | | 440 | | | | 22,049 | | |
RH* (Specialty Retail) | | | 28 | | | | 8,122 | | |
RLI Corp. (Insurance) | | | 46 | | | | 6,927 | | |
Roivant Sciences, Ltd.* (Biotechnology) | | | 427 | | | | 4,633 | | |
Royal Gold, Inc. (Metals & Mining) | | | 105 | | | | 14,503 | | |
RPM International, Inc. (Chemicals) | | | 196 | | | | 23,807 | | |
Ryder System, Inc. (Ground Transportation) | | | 145 | | | | 20,323 | | |
Sabra Health Care REIT, Inc. (Health Care
REITs) | | | 768 | | | | 12,465 | | |
Sarepta Therapeutics, Inc.* (Biotechnology) | | | 64 | | | | 9,103 | | |
Science Applications International Corp.
(Professional Services) | | | 110 | | | | 13,684 | | |
SEI Investments Co. (Capital Markets) | | | 166 | | | | 11,261 | | |
Selective Insurance Group, Inc. (Insurance) | | | 91 | | | | 8,219 | | |
Sensata Technologies Holding PLC
(Electrical Equipment) | | | 500 | | | | 19,495 | | |
Service Corp. International (Diversified
Consumer Services) | | | 237 | | | | 18,939 | | |
Silgan Holdings, Inc. (Containers &
Packaging) | | | 268 | | | | 13,783 | | |
SLM Corp. (Consumer Finance) | | | 437 | | | | 9,916 | | |
Sonoco Products Co. (Containers &
Packaging) | | | 326 | | | | 17,578 | | |
SouthState Corp. (Banks) | | | 253 | | | | 25,039 | | |
Southwest Gas Holdings, Inc. (Gas Utilities) | | | 200 | | | | 14,832 | | |
Spire, Inc. (Gas Utilities) | | | 191 | | | | 12,719 | | |
Sprouts Farmers Market, Inc.* (Consumer
Staples Distribution & Retail) | | | 196 | | | | 19,578 | | |
STAG Industrial, Inc. (Industrial REITs) | | | 301 | | | | 12,284 | | |
Starwood Property Trust, Inc. (Mortgage
REITs) | | | 995 | | | | 19,850 | | |
Stericycle, Inc.* (Commercial Services &
Supplies) | | | 307 | | | | 17,975 | | |
Stifel Financial Corp. (Capital Markets) | | | 340 | | | | 30,148 | | |
Synaptics, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 78 | | | | 6,811 | | |
Synovus Financial Corp. (Banks) | | | 484 | | | | 22,627 | | |
Taylor Morrison Home Corp.* (Household
Durables) | | | 351 | | | | 23,544 | | |
TD SYNNEX Corp. (Electronic Equipment,
Instruments & Components) | | | 257 | | | | 30,627 | | |
TEGNA, Inc. (Media) | | | 563 | | | | 8,969 | | |
Tenet Healthcare Corp.* (Health Care
Providers & Services) | | | 324 | | | | 48,503 | | |
Terex Corp. (Machinery) | | | 98 | | | | 6,199 | | |
Texas Capital Bancshares, Inc.* (Banks) | | | 154 | | | | 10,179 | | |
Texas Pacific Land Corp. (Oil, Gas &
Consumable Fuels) | | | 20 | | | | 16,898 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Mid-Cap Value ProFund :: 61
Common Stocks, continued
| | | Shares | | Value | |
The Boston Beer Co., Inc.*—Class A
(Beverages) | | | 16 | | | $ | 4,483 | | |
The Carlyle Group, Inc. (Capital Markets) | | | 372 | | | | 18,503 | | |
The Chemours Co. (Chemicals) | | | 493 | | | | 11,916 | | |
The Gap, Inc. (Specialty Retail) | | | 718 | | | | 16,859 | | |
The Goodyear Tire & Rubber Co.*
(Automobile Components) | | | 944 | | | | 11,045 | | |
The Hanover Insurance Group, Inc.
(Insurance) | | | 119 | | | | 16,361 | | |
The Middleby Corp.* (Machinery) | | | 89 | | | | 12,067 | | |
The Scotts Miracle-Gro Co. (Chemicals) | | | 86 | | | | 6,760 | | |
The Timken Co. (Machinery) | | | 131 | | | | 11,390 | | |
The Toro Co. (Machinery) | | | 180 | | | | 17,231 | | |
The Wendy's Co. (Hotels, Restaurants &
Leisure) | | | 254 | | | | 4,300 | | |
The Western Union Co. (Financial Services) | | | 1,122 | | | | 13,341 | | |
Thor Industries, Inc. (Automobiles) | | | 177 | | | | 18,787 | | |
TKO Group Holdings, Inc. (Entertainment) | | | 111 | | | | 12,138 | | |
Travel + Leisure Co. (Hotels, Restaurants &
Leisure) | | | 72 | | | | 3,318 | | |
TXNM Energy, Inc. (Electric Utilities) | | | 299 | | | | 12,432 | | |
UGI Corp. (Gas Utilities) | | | 695 | | | | 17,222 | | |
UMB Financial Corp. (Banks) | | | 146 | | | | 14,895 | | |
Under Armour, Inc.*—Class A (Textiles,
Apparel & Luxury Goods) | | | 626 | | | | 4,363 | | |
Under Armour, Inc.*—Class C (Textiles,
Apparel & Luxury Goods) | | | 635 | | | | 4,312 | | |
United Bankshares, Inc. (Banks) | | | 447 | | | | 17,402 | | |
United States Steel Corp. (Metals & Mining) | | | 743 | | | | 30,529 | | |
United Therapeutics Corp.* (Biotechnology) | | | 81 | | | | 25,377 | | |
Unum Group (Insurance) | | | 590 | | | | 33,943 | | |
US Foods Holding Corp.* (Consumer
Staples Distribution & Retail) | | | 750 | | | | 40,794 | | |
Vail Resorts, Inc. (Hotels, Restaurants &
Leisure) | | | 42 | | | | 7,644 | | |
Valley National Bancorp (Banks) | | | 1,420 | | | | 11,928 | | |
Valmont Industries, Inc. (Construction &
Engineering) | | | 68 | | | | 20,288 | | |
Vishay Intertechnology, Inc. (Electronic
Equipment, Instruments & Components) | | | 415 | | | | 10,089 | | |
Visteon Corp.* (Automobile Components) | | | 50 | | | | 5,777 | | |
Vornado Realty Trust (Office REITs) | | | 531 | | | | 15,925 | | |
Voya Financial, Inc. (Financial Services) | | | 201 | | | | 14,619 | | |
Common Stocks, continued
| | | Shares | | Value | |
Warner Music Group Corp.—Class A
(Entertainment) | | | 108 | | | $ | 3,241 | | |
Webster Financial Corp. (Banks) | | | 569 | | | | 28,234 | | |
WESCO International, Inc. (Trading
Companies & Distributors) | | | 145 | | | | 25,367 | | |
Whirlpool Corp. (Household Durables) | | | 182 | | | | 18,559 | | |
Wintrust Financial Corp. (Banks) | | | 216 | | | | 23,371 | | |
Wolfspeed, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 222 | | | | 4,185 | | |
WP Carey, Inc. (Diversified REITs) | | | 725 | | | | 41,912 | | |
Wyndham Hotels & Resorts, Inc. (Hotels,
Restaurants & Leisure) | | | 91 | | | | 6,891 | | |
XPO, Inc.* (Ground Transportation) | | | 205 | | | | 23,552 | | |
YETI Holdings, Inc.* (Leisure Products) | | | 102 | | | | 4,218 | | |
Ziff Davis, Inc.* (Interactive Media &
Services) | | | 153 | | | | 7,325 | | |
Zions Bancorp NA (Banks) | | | 489 | | | | 25,267 | | |
ZoomInfo Technologies, Inc.* (Interactive
Media & Services) | | | 632 | | | | 7,180 | | |
TOTAL COMMON STOCKS
(Cost $3,742,087) | | | | | 4,517,937 | | |
Collateral for Securities Loaned(b) (0.1%)
Invesco Government & Agency Portfolio—
Institutional Shares, 5.22%(c) | | | 6,481 | | | | 6,481 | | |
TOTAL COLLATERAL FOR SECURITIES LOANED
(Cost $6,481) | | | | | 6,481 | | |
TOTAL INVESTMENT SECURITIES
(Cost $3,748,568)—99.5% | | | | | 4,524,418 | | |
Net other assets (liabilities)—0.5% | | | | | 24,237 | | |
NET ASSETS—100.0% | | | | $ | 4,548,655 | | |
* Non-income producing security.
(a) All or part of this security was on loan as of July 31, 2024. The total value of securities on loan as of July 31, 2024 was $6,245.
(b) Securities were purchased with cash collateral held from securities on loan at July 31, 2024.
(c) Rate periodically changes. Rate disclosed is the daily yield on July 31, 2024.
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
62 :: Mid-Cap Value ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Mid-Cap Value ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Aerospace & Defense | | $ | 22,008 | | | | 0.5 | % | |
Air Freight & Logistics | | | 8,229 | | | | 0.2 | % | |
Automobile Components | | | 65,724 | | | | 1.4 | % | |
Automobiles | | | 34,012 | | | | 0.8 | % | |
Banks | | | 458,872 | | | | 10.1 | % | |
Beverages | | | 4,483 | | | | 0.1 | % | |
Biotechnology | | | 74,805 | | | | 1.6 | % | |
Broadline Retail | | | 23,179 | | | | 0.5 | % | |
Building Products | | | 20,122 | | | | 0.4 | % | |
Capital Markets | | | 163,892 | | | | 3.6 | % | |
Chemicals | | | 93,281 | | | | 2.1 | % | |
Commercial Services & Supplies | | | 17,975 | | | | 0.4 | % | |
Communications Equipment | | | 26,420 | | | | 0.6 | % | |
Construction & Engineering | | | 110,182 | | | | 2.4 | % | |
Construction Materials | | | 4,374 | | | | 0.1 | % | |
Consumer Finance | | | 50,740 | | | | 1.1 | % | |
Consumer Staples Distribution & Retail | | | 95,975 | | | | 2.1 | % | |
Containers & Packaging | | | 124,515 | | | | 2.7 | % | |
Diversified Consumer Services | | | 27,462 | | | | 0.6 | % | |
Diversified REITs | | | 41,912 | | | | 0.9 | % | |
Diversified Telecommunication Services | | | 27,509 | | | | 0.6 | % | |
Electric Utilities | | | 76,720 | | | | 1.7 | % | |
Electrical Equipment | | | 75,625 | | | | 1.7 | % | |
Electronic Equipment, Instruments &
Components | | | 167,445 | | | | 3.7 | % | |
Energy Equipment & Services | | | 34,442 | | | | 0.8 | % | |
Entertainment | | | 15,379 | | | | 0.3 | % | |
Financial Services | | | 91,409 | | | | 2.0 | % | |
Food Products | | | 83,164 | | | | 1.8 | % | |
Gas Utilities | | | 91,009 | | | | 2.0 | % | |
Ground Transportation | | | 80,144 | | | | 1.8 | % | |
Health Care Equipment & Supplies | | | 92,227 | | | | 2.0 | % | |
Health Care Providers & Services | | | 110,565 | | | | 2.4 | % | |
Health Care REITs | | | 52,193 | | | | 1.2 | % | |
Health Care Technology | | | 5,684 | | | | 0.1 | % | |
Hotels, Restaurants & Leisure | | | 69,858 | | | | 1.5 | % | |
Household Durables | | | 57,189 | | | | 1.3 | % | |
Household Products | | | 38,790 | | | | 0.9 | % | |
Independent Power and Renewable
Electricity Producers | | | 13,897 | | | | 0.3 | % | |
| | | Value | | % of
Net Assets | |
Industrial REITs | | $ | 58,402 | | | | 1.3 | % | |
Insurance | | | 309,637 | | | | 6.8 | % | |
Interactive Media & Services | | | 14,505 | | | | 0.3 | % | |
IT Services | | | 20,529 | | | | 0.5 | % | |
Leisure Products | | | 38,371 | | | | 0.8 | % | |
Life Sciences Tools & Services | | | 112,704 | | | | 2.5 | % | |
Machinery | | | 114,967 | | | | 2.5 | % | |
Marine Transportation | | | 13,762 | | | | 0.3 | % | |
Media | | | 28,002 | | | | 0.6 | % | |
Metals & Mining | | | 115,511 | | | | 2.5 | % | |
Mortgage REITs | | | 52,901 | | | | 1.2 | % | |
Multi-Utilities | | | 24,491 | | | | 0.5 | % | |
Office REITs | | | 49,482 | | | | 1.1 | % | |
Oil, Gas & Consumable Fuels | | | 140,137 | | | | 3.1 | % | |
Paper & Forest Products | | | 7,362 | | | | 0.2 | % | |
Personal Care Products | | | 10,461 | | | | 0.2 | % | |
Pharmaceuticals | | | 25,980 | | | | 0.6 | % | |
Professional Services | | | 135,562 | | | | 3.0 | % | |
Real Estate Management & Development | | | 39,391 | | | | 0.9 | % | |
Residential REITs | | | 44,552 | | | | 1.0 | % | |
Retail REITs | | | 72,325 | | | | 1.6 | % | |
Semiconductors & Semiconductor
Equipment | | | 64,461 | | | | 1.4 | % | |
Software | | | 28,407 | | | | 0.6 | % | |
Specialized REITs | | | 85,783 | | | | 1.9 | % | |
Specialty Retail | | | 139,419 | | | | 3.1 | % | |
Textiles, Apparel & Luxury Goods | | | 46,677 | | | | 1.0 | % | |
Trading Companies & Distributors | | | 55,103 | | | | 1.2 | % | |
Water Utilities | | | 17,642 | | | | 0.4 | % | |
Other** | | | 30,718 | | | | 0.6 | % | |
Total | | $ | 4,548,655 | | | | 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.
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Nasdaq-100 ProFund :: 63
Common Stocks (52.9%)
| | | Shares | | Value | |
Adobe, Inc.* (Software) | | | 2,198 | | | $ | 1,212,526 | | |
Advanced Micro Devices, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 7,931 | | | | 1,145,871 | | |
Airbnb, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 2,166 | | | | 302,287 | | |
Alphabet, Inc.—Class A (Interactive
Media & Services) | | | 11,159 | | | | 1,914,215 | | |
Alphabet, Inc.—Class C (Interactive
Media & Services) | | | 10,671 | | | | 1,847,684 | | |
Amazon.com, Inc.* (Broadline Retail) | | | 19,770 | | | | 3,696,594 | | |
American Electric Power Co., Inc.
(Electric Utilities) | | | 2,586 | | | | 253,738 | | |
Amgen, Inc. (Biotechnology) | | | 2,632 | | | | 875,060 | | |
Analog Devices, Inc. (Semiconductors &
Semiconductor Equipment) | | | 2,435 | | | | 563,410 | | |
ANSYS, Inc.* (Software) | | | 428 | | | | 134,234 | | |
Apple, Inc. (Technology Hardware,
Storage & Peripherals) | | | 29,131 | | | | 6,469,413 | | |
Applied Materials, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 4,063 | | | | 862,169 | | |
ARM Holdings PLC*ADR
(Semiconductors & Semiconductor
Equipment) | | | 580 | | | | 83,619 | | |
ASML Holding N.V.NYS (Semiconductors &
Semiconductor Equipment) | | | 447 | | | | 418,705 | | |
AstraZeneca PLCADR (Pharmaceuticals) | | | 2,857 | | | | 226,132 | | |
Atlassian Corp.*—Class A (Software) | | | 782 | | | | 138,078 | | |
Autodesk, Inc.* (Software) | | | 1,057 | | | | 261,629 | | |
Automatic Data Processing, Inc.
(Professional Services) | | | 2,008 | | | | 527,341 | | |
Baker Hughes Co. (Energy Equipment &
Services) | | | 4,897 | | | | 189,612 | | |
Biogen, Inc.* (Biotechnology) | | | 714 | | | | 152,225 | | |
Booking Holdings, Inc. (Hotels,
Restaurants & Leisure) | | | 166 | | | | 616,692 | | |
Broadcom, Inc. (Semiconductors &
Semiconductor Equipment) | | | 22,740 | | | | 3,653,862 | | |
Cadence Design Systems, Inc.*
(Software) | | | 1,335 | | | | 357,326 | | |
CDW Corp. (Electronic Equipment,
Instruments & Components) | | | 659 | | | | 143,734 | | |
Charter Communications, Inc.*—Class A
(Media) | | | 707 | | | | 268,462 | | |
Cintas Corp. (Commercial Services &
Supplies) | | | 498 | | | | 380,442 | | |
Cisco Systems, Inc. (Communications
Equipment) | | | 19,768 | | | | 957,760 | | |
Coca-Cola Europacific Partners PLC
(Beverages) | | | 2,253 | | | | 166,204 | | |
Cognizant Technology Solutions
Corp.—Class A (IT Services) | | | 2,440 | | | | 184,659 | | |
Comcast Corp.—Class A (Media) | | | 19,206 | | | | 792,631 | | |
Constellation Energy Corp. (Electric
Utilities) | | | 1,547 | | | | 293,622 | | |
Copart, Inc.* (Commercial Services &
Supplies) | | | 4,722 | | | | 247,102 | | |
CoStar Group, Inc.* (Real Estate
Management & Development) | | | 2,004 | | | | 156,352 | | |
Common Stocks, continued
| | | Shares | | Value | |
Costco Wholesale Corp. (Consumer
Staples Distribution & Retail) | | | 2,176 | | | $ | 1,788,672 | | |
Crowdstrike Holdings, Inc.*—Class A
(Software) | | | 1,132 | | | | 262,579 | | |
CSX Corp. (Ground Transportation) | | | 9,592 | | | | 336,679 | | |
Datadog, Inc.*—Class A (Software) | | | 1,514 | | | | 176,290 | | |
Dexcom, Inc.* (Health Care Equipment &
Supplies) | | | 1,951 | | | | 132,317 | | |
Diamondback Energy, Inc. (Oil, Gas &
Consumable Fuels) | | | 875 | | | | 177,021 | | |
Dollar Tree, Inc.* (Consumer Staples
Distribution & Retail) | | | 1,070 | | | | 111,644 | | |
DoorDash, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 1,873 | | | | 207,379 | | |
Electronic Arts, Inc. (Entertainment) | | | 1,307 | | | | 197,279 | | |
Exelon Corp. (Electric Utilities) | | | 4,907 | | | | 182,540 | | |
Fastenal Co. (Trading Companies &
Distributors) | | | 2,809 | | | | 198,737 | | |
Fortinet, Inc.* (Software) | | | 3,748 | | | | 217,534 | | |
GE HealthCare Technologies, Inc.
(Health Care Equipment & Supplies) | | | 2,240 | | | | 189,571 | | |
Gilead Sciences, Inc. (Biotechnology) | | | 6,113 | | | | 464,955 | | |
GLOBALFOUNDRIES, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 2,706 | | | | 138,033 | | |
Honeywell International, Inc. (Industrial
Conglomerates) | | | 3,195 | | | | 654,176 | | |
IDEXX Laboratories, Inc.* (Health Care
Equipment & Supplies) | | | 405 | | | | 192,829 | | |
Illumina, Inc.* (Life Sciences Tools &
Services) | | | 782 | | | | 95,873 | | |
Intel Corp. (Semiconductors &
Semiconductor Equipment) | | | 20,888 | | | | 642,097 | | |
Intuit, Inc. (Software) | | | 1,372 | | | | 888,163 | | |
Intuitive Surgical, Inc.* (Health Care
Equipment & Supplies) | | | 1,740 | | | | 773,621 | | |
Keurig Dr Pepper, Inc. (Beverages) | | | 6,651 | | | | 227,996 | | |
KLA Corp. (Semiconductors &
Semiconductor Equipment) | | | 661 | | | | 544,049 | | |
Lam Research Corp. (Semiconductors &
Semiconductor Equipment) | | | 642 | | | | 591,436 | | |
Linde PLC (Chemicals) | | | 2,359 | | | | 1,069,807 | | |
Lululemon Athletica, Inc.* (Textiles,
Apparel & Luxury Goods) | | | 593 | | | | 153,385 | | |
Marriott International, Inc.—Class A
(Hotels, Restaurants & Leisure) | | | 1,401 | | | | 318,447 | | |
Marvell Technology, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 4,247 | | | | 284,464 | | |
MercadoLibre, Inc.* (Broadline Retail) | | | 249 | | | | 415,556 | | |
Meta Platforms, Inc.—Class A
(Interactive Media & Services) | | | 6,623 | | | | 3,144,799 | | |
Microchip Technology, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 2,634 | | | | 233,847 | | |
Micron Technology, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 5,434 | | | | 596,762 | | |
Microsoft Corp. (Software) | | | 14,119 | | | | 5,906,683 | | |
Moderna, Inc.* (Biotechnology) | | | 1,880 | | | | 224,134 | | |
See accompanying notes to the financial statements.
64 :: Nasdaq-100 ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Mondelez International, Inc.—Class A
(Food Products) | | | 6,582 | | | $ | 449,880 | | |
MongoDB, Inc.* (IT Services) | | | 360 | | | | 90,850 | | |
Monster Beverage Corp.* (Beverages) | | | 5,111 | | | | 262,961 | | |
Netflix, Inc.* (Entertainment) | | | 2,114 | | | | 1,328,331 | | |
NVIDIA Corp. (Semiconductors &
Semiconductor Equipment) | | | 46,730 | | | | 5,468,344 | | |
NXP Semiconductors N.V.
(Semiconductors & Semiconductor
Equipment) | | | 1,255 | | | | 330,266 | | |
Old Dominion Freight Line, Inc.
(Ground Transportation) | | | 1,066 | | | | 224,052 | | |
ON Semiconductor Corp.*
(Semiconductors & Semiconductor
Equipment) | | | 2,111 | | | | 165,186 | | |
O'Reilly Automotive, Inc.* (Specialty
Retail) | | | 289 | | | | 325,513 | | |
PACCAR, Inc. (Machinery) | | | 2,572 | | | | 253,754 | | |
Palo Alto Networks, Inc.* (Software) | | | 1,589 | | | | 515,996 | | |
Paychex, Inc. (Professional Services) | | | 1,766 | | | | 226,083 | | |
PayPal Holdings, Inc.* (Financial
Services) | | | 5,133 | | | | 337,649 | | |
PDD Holdings, Inc.*ADR (Broadline
Retail) | | | 3,277 | | | | 422,373 | | |
PepsiCo, Inc. (Beverages) | | | 6,746 | | | | 1,164,832 | | |
QUALCOMM, Inc. (Semiconductors &
Semiconductor Equipment) | | | 5,476 | | | | 990,882 | | |
Regeneron Pharmaceuticals, Inc.*
(Biotechnology) | | | 532 | | | | 574,129 | | |
Roper Technologies, Inc. (Software) | | | 525 | | | | 285,994 | | |
Ross Stores, Inc. (Specialty Retail) | | | 1,645 | | | | 235,613 | | |
Starbucks Corp. (Hotels, Restaurants &
Leisure) | | | 5,559 | | | | 433,324 | | |
Super Micro Computer, Inc.*
(Technology Hardware, Storage &
Peripherals) | | | 288 | | | | 202,075 | | |
Synopsys, Inc.* (Software) | | | 752 | | | | 419,857 | | |
Take-Two Interactive Software, Inc.*
(Entertainment) | | | 841 | | | | 126,596 | | |
Tesla, Inc.* (Automobiles) | | | 9,171 | | | | 2,128,314 | | |
Texas Instruments, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 4,468 | | | | 910,623 | | |
The Kraft Heinz Co. (Food Products) | | | 5,958 | | | | 209,781 | | |
Common Stocks, continued
| | | Shares | | Value | |
The Trade Desk, Inc.*—Class A (Media) | | | 2,185 | | | $ | 196,388 | | |
T-Mobile U.S., Inc. (Wireless
Telecommunication Services) | | | 5,750 | | | | 1,048,110 | | |
Verisk Analytics, Inc. (Professional
Services) | | | 700 | | | | 183,225 | | |
Vertex Pharmaceuticals, Inc.*
(Biotechnology) | | | 1,266 | | | | 627,582 | | |
Warner Bros. Discovery, Inc.*
(Entertainment) | | | 12,023 | | | | 103,999 | | |
Workday, Inc.*—Class A (Software) | | | 1,040 | | | | 236,205 | | |
Xcel Energy, Inc. (Electric Utilities) | | | 2,726 | | | | 158,871 | | |
Zscaler, Inc.* (Software) | | | 735 | | | | 131,822 | | |
TOTAL COMMON STOCKS
(Cost $28,308,267) | | | | | 72,002,204 | | |
Repurchase Agreements(a)(b) (53.6%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $72,994,538 | | $ | 72,984,000 | | | $ | 72,984,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $72,984,000) | | | | | 72,984,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $101,292,267)—106.5% | | | | | 144,986,204 | | |
Net other assets (liabilities)—(6.5)% | | | | | (8,822,934 | ) | |
NET ASSETS—100.0% | | | | $ | 136,163,270 | | |
* 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, 2024, the aggregate amount held in a segregated account was $7,512,000.
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 | | | 18 | | | 9/23/24 | | $ | 7,021,890 | | | $ | (90,716 | ) | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Nasdaq-100 ProFund :: 65
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 | | 8/27/24 | | | 6.08 | % | | $ | 56,670,930 | | | $ | 1,016,630 | | |
Nasdaq-100 Index | | UBS AG | | 8/27/24 | | | 6.13 | % | | | 503,423 | | | | 7,748 | | |
| | | | | | | | | $ | 57,174,353 | | | $ | 1,024,378 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
Nasdaq-100 ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Automobiles | | $ | 2,128,314 | | | | 1.6 | % | |
Beverages | | | 1,821,993 | | | | 1.3 | % | |
Biotechnology | | | 2,918,085 | | | | 2.1 | % | |
Broadline Retail | | | 4,534,523 | | | | 3.3 | % | |
Chemicals | | | 1,069,806 | | | | 0.8 | % | |
Commercial Services & Supplies | | | 627,544 | | | | 0.5 | % | |
Communications Equipment | | | 957,760 | | | | 0.7 | % | |
Consumer Staples Distribution & Retail | | | 1,900,316 | | | | 1.4 | % | |
Electric Utilities | | | 888,771 | | | | 0.7 | % | |
Electronic Equipment, Instruments &
Components | | | 143,734 | | | | 0.1 | % | |
Energy Equipment & Services | | | 189,612 | | | | 0.1 | % | |
Entertainment | | | 1,756,205 | | | | 1.3 | % | |
Financial Services | | | 337,649 | | | | 0.3 | % | |
Food Products | | | 659,661 | | | | 0.5 | % | |
Ground Transportation | | | 560,731 | | | | 0.4 | % | |
Health Care Equipment & Supplies | | | 1,288,338 | | | | 1.0 | % | |
Hotels, Restaurants & Leisure | | | 1,878,129 | | | | 1.4 | % | |
Industrial Conglomerates | | | 654,176 | | | | 0.5 | % | |
Interactive Media & Services | | | 6,906,698 | | | | 5.1 | % | |
IT Services | | | 275,509 | | | | 0.2 | % | |
Life Sciences Tools & Services | | | 95,873 | | | | 0.1 | % | |
| | | Value | | % of
Net Assets | |
Machinery | | $ | 253,753 | | | | 0.2 | % | |
Media | | | 1,257,481 | | | | 0.9 | % | |
Oil, Gas & Consumable Fuels | | | 177,021 | | | | 0.1 | % | |
Pharmaceuticals | | | 226,132 | | | | 0.2 | % | |
Professional Services | | | 936,649 | | | | 0.7 | % | |
Real Estate Management &
Development | | | 156,352 | | | | 0.1 | % | |
Semiconductors & Semiconductor
Equipment | | | 17,623,626 | | | | 12.8 | % | |
Software | | | 11,144,917 | | | | 8.2 | % | |
Specialty Retail | | | 561,126 | | | | 0.4 | % | |
Technology Hardware, Storage &
Peripherals | | | 6,671,488 | | | | 4.9 | % | |
Textiles, Apparel & Luxury Goods | | | 153,385 | | | | 0.1 | % | |
Trading Companies & Distributors | | | 198,737 | | | | 0.1 | % | |
Wireless Telecommunication Services | | | 1,048,110 | | | | 0.8 | % | |
Other** | | | 64,161,066 | | | | 47.1 | % | |
Total | | $ | 136,163,270 | | | | 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.
66 :: Oil & Gas Equipment & Services UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (81.6%)
| | | Shares | | Value | |
Archrock, Inc. (Energy Equipment & Services) | | | 24,778 | | | $ | 513,648 | | |
Atlas Energy Solutions, Inc. (Energy
Equipment & Services) | | | 13,612 | | | | 289,119 | | |
Baker Hughes Co. (Energy Equipment &
Services) | | | 15,540 | | | | 601,709 | | |
Bristow Group, Inc.* (Energy Equipment &
Services) | | | 1,601 | | | | 60,758 | | |
Cactus, Inc.—Class A (Energy Equipment &
Services) | | | 8,404 | | | | 530,460 | | |
ChampionX Corp. (Energy Equipment &
Services) | | | 16,004 | | | | 548,297 | | |
Core Laboratories, Inc. (Energy Equipment &
Services) | | | 5,584 | | | | 136,752 | | |
Diamond Offshore Drilling, Inc.* (Energy
Equipment & Services) | | | 20,569 | | | | 337,743 | | |
Dril-Quip, Inc.* (Energy Equipment &
Services) | | | 5,248 | | | | 90,895 | | |
Expro Group Holdings N.V.* (Energy
Equipment & Services) | | | 11,719 | | | | 272,115 | | |
Halliburton Co. (Energy Equipment &
Services) | | | 14,676 | | | | 508,964 | | |
Helix Energy Solutions Group, Inc.*
(Energy Equipment & Services) | | | 26,826 | | | | 316,547 | | |
Helmerich & Payne, Inc. (Energy
Equipment & Services) | | | 14,773 | | | | 597,125 | | |
Kodiak Gas Services, Inc. (Energy
Equipment & Services) | | | 5,541 | | | | 159,858 | | |
Liberty Energy, Inc. (Energy Equipment &
Services) | | | 23,511 | | | | 567,791 | | |
Nabors Industries, Ltd.* (Energy
Equipment & Services) | | | 2,731 | | | | 280,829 | | |
Newpark Resources, Inc.* (Energy
Equipment & Services) | | | 9,086 | | | | 75,050 | | |
Noble Corp. PLC (Energy Equipment &
Services) | | | 11,232 | | | | 530,375 | | |
NOV, Inc. (Energy Equipment & Services) | | | 27,609 | | | | 574,819 | | |
Oceaneering International, Inc.* (Energy
Equipment & Services) | | | 14,448 | | | | 433,729 | | |
Patterson-UTI Energy, Inc. (Energy
Equipment & Services) | | | 49,152 | | | | 540,180 | | |
ProPetro Holding Corp.* (Energy
Equipment & Services) | | | 23,800 | | | | 228,242 | | |
RPC, Inc. (Energy Equipment & Services) | | | 23,501 | | | | 175,552 | | |
Schlumberger N.V. (Energy Equipment &
Services) | | | 11,238 | | | | 542,683 | | |
Common Stocks, continued
| | | Shares | | Value | |
Select Water Solutions, Inc. (Energy
Equipment & Services) | | | 17,343 | | | $ | 204,994 | | |
TechnipFMC PLC (Energy Equipment &
Services) | | | 19,924 | | | | 587,758 | | |
TETRA Technologies, Inc.* (Energy
Equipment & Services) | | | 28,390 | | | | 105,895 | | |
Tidewater, Inc.* (Energy Equipment &
Services) | | | 4,981 | | | | 492,920 | | |
Transocean, Ltd.* (Energy Equipment &
Services) | | | 93,620 | | | | 542,060 | | |
Valaris, Ltd.* (Energy Equipment &
Services) | | | 6,696 | | | | 526,239 | | |
Weatherford International PLC* (Energy
Equipment & Services) | | | 4,331 | | | | 510,452 | | |
TOTAL COMMON STOCKS
(Cost $5,399,515) | | | | | 11,883,558 | | |
Repurchase Agreements(a)(b) (15.7%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $2,294,331 | | $ | 2,294,000 | | | $ | 2,294,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $2,294,000) | | | | | 2,294,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $7,693,515)—97.3% | | | | | 14,177,558 | | |
Net other assets (liabilities)—2.7% | | | | | 397,386 | | |
NET ASSETS—100.0% | | | | $ | 14,574,944 | | |
* 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, 2024, the aggregate amount held in a segregated account was $1,578,000.
Total Return Swap Agreements—Long
Underlying Instrument | | Counterparty | | Termination
Date(1) | | Rate Paid
(Received)(2) | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
S&P Oil & Gas Equipment &
Services Select Sector Index | | Goldman Sachs International | | 8/23/24 | | | 6.08 | % | | $ | 4,381,552 | | | $ | 139,405 | | |
S&P Oil & Gas Equipment &
Services Select Sector Index | | UBS AG | | 8/23/24 | | | 5.73 | % | | | 5,603,026 | | | | 176,301 | | |
| | | | | | | | | $ | 9,984,578 | | | $ | 315,706 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Oil & Gas Equipment & Services UltraSector ProFund :: 67
Oil & Gas Equipment & Services UltraSector ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Energy Equipment & Services | | $ | 11,883,558 | | | | 81.6 | % | |
Other** | | | 2,691,386 | | | | 18.4 | % | |
Total | | $ | 14,574,944 | | | | 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.
68 :: Pharmaceuticals UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (82.7%)
| | | Shares | | Value | |
Amneal Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 3,826 | | | $ | 28,045 | | |
Amphastar Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 1,278 | | | | 55,619 | | |
ANI Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 527 | | | | 34,634 | | |
Arvinas, Inc.* (Pharmaceuticals) | | | 2,900 | | | | 79,779 | | |
Axsome Therapeutics, Inc.*
(Pharmaceuticals) | | | 1,215 | | | | 106,083 | | |
Bristol-Myers Squibb Co. (Pharmaceuticals) | | | 2,171 | | | | 103,253 | | |
Cassava Sciences, Inc.*(a) (Pharmaceuticals) | | | 2,498 | | | | 55,506 | | |
Catalent, Inc.* (Pharmaceuticals) | | | 1,612 | | | | 95,656 | | |
Collegium Pharmaceutical, Inc.*
(Pharmaceuticals) | | | 1,398 | | | | 53,921 | | |
Corcept Therapeutics, Inc.* (Pharmaceuticals) | | | 2,537 | | | | 98,106 | | |
Edgewise Therapeutics, Inc.*
(Pharmaceuticals) | | | 1,969 | | | | 33,532 | | |
Elanco Animal Health, Inc.* (Pharmaceuticals) | | | 4,960 | | | | 64,678 | | |
Eli Lilly & Co. (Pharmaceuticals) | | | 101 | | | | 81,231 | | |
Enliven Therapeutics, Inc.* (Pharmaceuticals) | | | 724 | | | | 19,099 | | |
Evolus, Inc.* (Pharmaceuticals) | | | 2,155 | | | | 26,765 | | |
EyePoint Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 2,333 | | | | 23,050 | | |
Fulcrum Therapeutics, Inc.* (Pharmaceuticals) | | | 1,916 | | | | 17,780 | | |
Harmony Biosciences Holdings, Inc.*
(Pharmaceuticals) | | | 1,185 | | | | 40,124 | | |
Harrow, Inc.* (Pharmaceuticals) | | | 872 | | | | 22,480 | | |
Innoviva, Inc.* (Pharmaceuticals) | | | 1,722 | | | | 32,442 | | |
Intra-Cellular Therapies, Inc.*
(Pharmaceuticals) | | | 1,320 | | | | 103,910 | | |
Jazz Pharmaceuticals PLC* (Pharmaceuticals) | | | 792 | | | | 87,318 | | |
Johnson & Johnson (Pharmaceuticals) | | | 614 | | | | 96,920 | | |
Ligand Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 461 | | | | 50,244 | | |
Liquidia Corp.* (Pharmaceuticals) | | | 2,627 | | | | 31,340 | | |
Longboard Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 1,283 | | | | 42,647 | | |
Merck & Co., Inc. (Pharmaceuticals) | | | 690 | | | | 78,060 | | |
Mind Medicine MindMed, Inc.*
(Pharmaceuticals) | | | 3,838 | | | | 35,540 | | |
Nuvation Bio, Inc.* (Pharmaceuticals) | | | 3,588 | | | | 13,742 | | |
Ocular Therapeutix, Inc.* (Pharmaceuticals) | | | 7,922 | | | | 67,020 | | |
Organon & Co. (Pharmaceuticals) | | | 4,384 | | | | 95,834 | | |
Pacira BioSciences, Inc.* (Pharmaceuticals) | | | 1,646 | | | | 33,990 | | |
Perrigo Co. PLC (Pharmaceuticals) | | | 3,331 | | | | 94,167 | | |
Pfizer, Inc. (Pharmaceuticals) | | | 3,249 | | | | 99,224 | | |
Pliant Therapeutics, Inc.* (Pharmaceuticals) | | | 1,299 | | | | 18,589 | | |
Prestige Consumer Healthcare, Inc.*
(Pharmaceuticals) | | | 812 | | | | 57,498 | | |
Royalty Pharma PLC–Class A
(Pharmaceuticals) | | | 3,321 | | | | 93,553 | | |
Supernus Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 1,689 | | | | 50,366 | | |
Common Stocks, continued
| | | Shares | | Value | |
Tarsus Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 1,660 | | | $ | 40,321 | | |
Viatris, Inc. (Pharmaceuticals) | | | 8,792 | | | | 106,032 | | |
WaVe Life Sciences, Ltd.* (Pharmaceuticals) | | | 1,796 | | | | 11,872 | | |
Xeris Biopharma Holdings, Inc.*
(Pharmaceuticals) | | | 4,334 | | | | 10,748 | | |
Zoetis, Inc. (Pharmaceuticals) | | | 525 | | | | 94,521 | | |
TOTAL COMMON STOCKS
(Cost $1,728,134) | | | | | 2,485,239 | | |
Repurchase Agreements(b)(c) (18.4%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $553,080 | | $ | 553,000 | | | $ | 553,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $553,000) | | | | | 553,000 | | |
Collateral for Securities Loaned(d) (1.4%)
| | | Shares | | Value | |
Invesco Government & Agency Portfolio—
Institutional Shares, 5.22%(e) | | | 41,814 | | | $ | 41,814 | | |
TOTAL COLLATERAL FOR SECURITIES LOANED
(Cost $41,814) | | | | | 41,814 | | |
TOTAL INVESTMENT SECURITIES
(Cost $2,322,948)—102.5% | | | | | 3,080,053 | | |
Net other assets (liabilities)—(2.5)% | | | | | (73,848 | ) | |
NET ASSETS—100.0% | | | | $ | 3,006,205 | | |
* Non-income producing security.
(a) All or part of this security was on loan as of July 31, 2024. The total value of securities on loan as of July 31, 2024 was $51,617.
(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, 2024, the aggregate amount held in a segregated account was $333,000.
(d) Securities were purchased with cash collateral held from securities on loan at July 31, 2024.
(e) Rate periodically changes. Rate disclosed is the daily yield on July 31, 2024.
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Pharmaceuticals UltraSector ProFund :: 69
Total Return Swap Agreements—Long
Underlying Instrument | | Counterparty | | Termination
Date(1) | | Rate Paid
(Received)(2) | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
S&P Pharmaceuticals Select
Industry Index | | Goldman Sachs International | | 8/23/24 | | | 6.08 | % | | $ | 969,511 | | | $ | 25,185 | | |
S&P Pharmaceuticals Select
Industry Index | | UBS AG | | 8/23/24 | | | 5.68 | % | | | 1,034,145 | | | | 21,009 | | |
| | | | | | | | | $ | 2,003,656 | | | $ | 46,194 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
Pharmaceuticals UltraSector ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Pharmaceuticals | | $ | 2,485,239 | | | | 82.7 | % | |
Other** | | | 520,966 | | | | 17.3 | % | |
Total | | $ | 3,006,205 | | | | 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.
70 :: Precious Metals UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (76.6%)
| | | Shares | | Value | |
Agnico Eagle Mines, Ltd. (Metals & Mining) | | | 38,575 | | | $ | 2,976,832 | | |
Alamos Gold, Inc. (Metals & Mining) | | | 32,228 | | | | 548,843 | | |
Anglogold Ashanti PLC (Metals & Mining) | | | 32,421 | | | | 910,382 | | |
B2Gold Corp. (Metals & Mining) | | | 101,004 | | | | 303,011 | | |
Barrick Gold Corp. (Metals & Mining) | | | 135,645 | | | | 2,510,789 | | |
Cia de Minas Buenaventura S.A.AADR
(Metals & Mining) | | | 18,473 | | | | 286,332 | | |
Coeur Mining, Inc.* (Metals & Mining) | | | 30,844 | | | | 200,178 | | |
Eldorado Gold Corp.* (Metals & Mining) | | | 15,755 | | | | 267,205 | | |
Endeavour Silver Corp.* (Metals & Mining) | | | 18,564 | | | | 83,724 | | |
Equinox Gold Corp.* (Metals & Mining) | | | 27,458 | | | | 154,314 | | |
First Majestic Silver Corp. (Metals & Mining) | | | 22,187 | | | | 137,116 | | |
Fortuna Mining Corp.* (Metals & Mining) | | | 23,616 | | | | 114,065 | | |
Franco-Nevada Corp. (Metals & Mining) | | | 14,854 | | | | 1,915,572 | | |
Gold Fields, Ltd.ADR (Metals & Mining) | | | 69,019 | | | | 1,184,366 | | |
Harmony Gold Mining Co., Ltd.ADR (Metals &
Mining) | | | 43,002 | | | | 417,979 | | |
Hecla Mining Co. (Metals & Mining) | | | 44,356 | | | | 256,378 | | |
IAMGOLD Corp.* (Metals & Mining) | | | 42,189 | | | | 173,819 | | |
Kinross Gold Corp. (Metals & Mining) | | | 94,840 | | | | 859,250 | | |
MAG Silver Corp.* (Metals & Mining) | | | 7,170 | | | | 98,229 | | |
New Gold, Inc.* (Metals & Mining) | | | 61,058 | | | | 141,044 | | |
Newmont Corp. (Metals & Mining) | | | 89,070 | | | | 4,370,665 | | |
Osisko Gold Royalties, Ltd. (Metals & Mining) | | | 14,364 | | | | 251,945 | | |
Pan American Silver Corp. (Metals & Mining) | | | 28,035 | | | | 644,244 | | |
Royal Gold, Inc. (Metals & Mining) | | | 5,077 | | | | 701,235 | | |
Sandstorm Gold, Ltd. (Metals & Mining) | | | 19,094 | | | | 109,791 | | |
Seabridge Gold, Inc.* (Metals & Mining) | | | 5,684 | | | | 94,354 | | |
Sibanye Stillwater, Ltd.ADR (Metals & Mining) | | | 54,644 | | | | 247,537 | | |
SilverCrest Metals, Inc.* (Metals & Mining) | | | 11,375 | | | | 111,020 | | |
SSR Mining, Inc. (Metals & Mining) | | | 15,610 | | | | 86,948 | | |
Common Stocks, continued
| | | Shares | | Value | |
Wheaton Precious Metals Corp. (Metals &
Mining) | | | 35,015 | | | $ | 2,092,496 | | |
TOTAL COMMON STOCKS
(Cost $9,364,527) | | | | | 22,249,663 | | |
Repurchase Agreements(a)(b) (25.8%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $7,484,080 | | $ | 7,483,000 | | | $ | 7,483,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $7,483,000) | | | | | 7,483,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $16,847,527)—102.4% | | | | | 29,732,663 | | |
Net other assets (liabilities)—(2.4)% | | | | | (701,272 | ) | |
NET ASSETS—100.0% | | | | $ | 29,031,391 | | |
* 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, 2024, the aggregate amount held in a segregated account was $3,379,000.
ADR American Depositary Receipt
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 | | 8/23/24 | | | 6.08 | % | | $ | 11,813,988 | | | $ | 240,108 | | |
Dow Jones Precious Metals Index | | UBS AG | | 8/23/24 | | | 6.08 | % | | | 9,441,148 | | | | 166,816 | | |
| | | | | | | | | $ | 21,255,136 | | | $ | 406,924 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
Precious Metals UltraSector ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Metals & Mining | | $ | 22,249,663 | | | | 76.6 | % | |
Other** | | | 6,781,728 | | | | 23.4 | % | |
Total | | $ | 29,031,391 | | | | 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, 2024 :: Schedule of Portfolio Investments :: Real Estate UltraSector ProFund :: 71
Common Stocks (75.0%)
| | | Shares | | Value | |
Alexandria Real Estate Equities, Inc. (Office
REITs) | | | 601 | | | $ | 70,492 | | |
American Tower Corp. (Specialized REITs) | | | 1,789 | | | | 394,295 | | |
AvalonBay Communities, Inc. (Residential
REITs) | | | 544 | | | | 111,476 | | |
BXP, Inc. (Office REITs) | | | 553 | | | | 39,434 | | |
Camden Property Trust (Residential REITs) | | | 408 | | | | 45,186 | | |
CBRE Group, Inc.*—Class A (Real Estate
Management & Development) | | | 1,154 | | | | 130,068 | | |
CoStar Group, Inc.* (Real Estate
Management & Development) | | | 1,563 | | | | 121,945 | | |
Crown Castle, Inc. (Specialized REITs) | | | 1,665 | | | | 183,283 | | |
Digital Realty Trust, Inc. (Specialized REITs) | | | 1,243 | | | | 185,816 | | |
Equinix, Inc. (Specialized REITs) | | | 362 | | | | 286,066 | | |
Equity Commonwealth* (Office REITs) | | | 1 | | | | 10 | | |
Equity Residential (Residential REITs) | | | 1,322 | | | | 92,051 | | |
Essex Property Trust, Inc. (Residential REITs) | | | 246 | | | | 68,477 | | |
Extra Space Storage, Inc. (Specialized REITs) | | | 810 | | | | 129,292 | | |
Federal Realty Investment Trust (Retail REITs) | | | 286 | | | | 31,932 | | |
Healthpeak Properties, Inc. (Health Care
REITs) | | | 2,696 | | | | 58,827 | | |
Host Hotels & Resorts, Inc. (Hotel & Resort
REITs) | | | 2,701 | | | | 47,295 | | |
Invitation Homes, Inc. (Residential REITs) | | | 2,206 | | | | 77,806 | | |
Iron Mountain, Inc. (Specialized REITs) | | | 1,123 | | | | 115,175 | | |
Kimco Realty Corp. (Retail REITs) | | | 2,556 | | | | 55,542 | | |
Mid-America Apartment Communities, Inc.
(Residential REITs) | | | 447 | | | | 62,477 | | |
Prologis, Inc. (Industrial REITs) | | | 3,546 | | | | 446,973 | | |
Public Storage (Specialized REITs) | | | 606 | | | | 179,328 | | |
Realty Income Corp. (Retail REITs) | | | 3,334 | | | | 191,472 | | |
Regency Centers Corp. (Retail REITs) | | | 629 | | | | 42,357 | | |
SBA Communications Corp. (Specialized
REITs) | | | 413 | | | | 90,670 | | |
Simon Property Group, Inc. (Retail REITs) | | | 1,249 | | | | 191,646 | | |
Common Stocks, continued
| | | Shares | | Value | |
UDR, Inc. (Residential REITs) | | | 1,162 | | | $ | 46,561 | | |
Ventas, Inc. (Health Care REITs) | | | 1,551 | | | | 84,436 | | |
VICI Properties, Inc. (Specialized REITs) | | | 3,997 | | | | 124,946 | | |
Welltower, Inc. (Health Care REITs) | | | 2,290 | | | | 254,763 | | |
Weyerhaeuser Co. (Specialized REITs) | | | 2,793 | | | | 88,706 | | |
TOTAL COMMON STOCKS
(Cost $2,062,889) | | | | | 4,048,803 | | |
Repurchase Agreements(a)(b) (24.8%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $1,340,193 | | $ | 1,340,000 | | | $ | 1,340,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $1,340,000) | | | | | 1,340,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $3,402,889)—99.8% | | | | | 5,388,803 | | |
Net other assets (liabilities)—0.2% | | | | | 11,640 | | |
NET ASSETS—100.0% | | | | $ | 5,400,443 | | |
* 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, 2024, the aggregate amount held in a segregated account was $736,000.
REIT Real Estate Investment Trust
Total Return Swap Agreements—Long
Underlying Instrument | | Counterparty | | Termination
Date(1) | | Rate Paid
(Received)(2) | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
S&P Real Estate Select Sector Index | | Goldman Sachs International | | 8/23/24 | | | 6.08 | % | | $ | 2,365,038 | | | $ | 8,133 | | |
S&P Real Estate Select Sector Index | | UBS AG | | 8/23/24 | | | 5.58 | % | | | 1,668,261 | | | | 13,922 | | |
| | | | | | | | | $ | 4,033,299 | | | $ | 22,055 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
72 :: Real Estate UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Real Estate UltraSector ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Health Care REITs | | $ | 398,026 | | | | 7.4 | % | |
Hotel & Resort REITs | | | 47,294 | | | | 0.9 | % | |
Industrial REITs | | | 446,973 | | | | 8.3 | % | |
Office REITs | | | 109,936 | | | | 2.0 | % | |
Real Estate Management & Development | | | 252,013 | | | | 4.7 | % | |
Residential REITs | | | 504,034 | | | | 9.3 | % | |
Retail REITs | | | 512,949 | | | | 9.5 | % | |
Specialized REITs | | | 1,777,578 | | | | 32.9 | % | |
Other** | | | 1,351,640 | | | | 25.0 | % | |
Total | | $ | 5,400,443 | | | | 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.
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Rising Rates Opportunity ProFund :: 73
Repurchase Agreements(a)(b) (101.8%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $9,191,327 | | $ | 9,190,000 | | | $ | 9,190,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $9,190,000) | | | | | 9,190,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $9,190,000)—101.8% | | | | | 9,190,000 | | |
Net other assets (liabilities)—(1.8)% | | | | | (161,322 | ) | |
NET ASSETS—100.0% | | | | $ | 9,028,678 | | |
(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, 2024, the aggregate amount held in a segregated account was $390,000.
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,
4.625%, due 5/15/54 | | Citibank North America | | 8/15/24 | | | (5.25 | )% | | $ | (4,880,258 | ) | | $ | (105,098 | ) | |
30-Year U.S. Treasury Bond,
4.625%, due 5/15/54 | | Societe' Generale | | 8/15/24 | | | (5.16 | )% | | | (6,273,121 | ) | | | (115,676 | ) | |
| | | | | | | | | $ | (11,153,379 | ) | | $ | (220,774 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
74 :: Rising Rates Opportunity 10 ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Repurchase Agreements(a)(b) (101.3%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $1,993,288 | | $ | 1,993,000 | | | $ | 1,993,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $1,993,000) | | | | | 1,993,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $1,993,000)—101.3% | | | | | 1,993,000 | | |
Net other assets (liabilities)—(1.3)% | | | | | (25,918 | ) | |
NET ASSETS—100.0% | | | | $ | 1,967,082 | | |
(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, 2024, the aggregate amount held in a segregated account was $64,000.
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,
4.375%, due 5/15/34 | | Citibank North America | | 8/15/24 | | | (5.30 | )% | | $ | (1,477,238 | ) | | $ | (20,478 | ) | |
10-Year U.S. Treasury Note,
4.375%, due 5/15/34 | | Societe' Generale | | 8/15/24 | | | (5.15 | )% | | | (471,895 | ) | | | (6,191 | ) | |
| | | | | | | | | $ | (1,949,133 | ) | | $ | (26,669 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Rising U.S. Dollar ProFund :: 75
Repurchase Agreements(a)(b) (93.9%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $9,238,334 | | $ | 9,237,000 | | | $ | 9,237,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $9,237,000) | | | | | 9,237,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $9,237,000)—93.9% | | | | | 9,237,000 | | |
Net other assets (liabilities)—6.1% | | | | | 604,256 | | |
NET ASSETS—100.0% | | | | $ | 9,841,256 | | |
(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, 2024, the aggregate amount held in a segregated account was $181,000.
As of July 31, 2024, 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 | | $ | 191,902 | | | British pound | | | 149,467 | | | 8/9/24 | | $ | 192,127 | | | $ | (225 | ) | |
U.S. dollar | | | 525,485 | | | Canadian dollar | | | 715,130 | | | 8/9/24 | | | 518,167 | | | | 7,318 | | |
U.S. dollar | | | 3,731,997 | | | Euro | | | 3,443,142 | | | 8/9/24 | | | 3,727,467 | | | | 4,530 | | |
U.S. dollar | | | 557,314 | | | Japanese yen | | | 89,684,344 | | | 8/9/24 | | | 599,589 | | | | (42,275 | ) | |
U.S. dollar | | | 291,621 | | | Swedish krona | | | 3,066,929 | | | 8/9/24 | | | 286,598 | | | | 5,023 | | |
U.S. dollar | | | 317,064 | | | Swiss franc | | | 284,140 | | | 8/9/24 | | | 324,131 | | | | (7,067 | ) | |
Total Short Contracts | | $ | 5,615,383 | | | | | | | | | $ | 5,648,079 | | | $ | (32,696 | ) | |
Long: | |
British pound | | | 50,208 | | | U.S. dollar | | $ | 64,845 | | | 8/9/24 | | $ | 64,538 | | | $ | (307 | ) | |
Canadian dollar | | | 55,450 | | | U.S. dollar | | | 40,697 | | | 8/9/24 | | | 40,178 | | | | (519 | ) | |
Euro | | | 268,278 | | | U.S. dollar | | | 291,826 | | | 8/9/24 | | | 290,432 | | | | (1,394 | ) | |
Japanese yen | | | 14,058,810 | | | U.S. dollar | | | 88,837 | | | 8/9/24 | | | 93,991 | | | | 5,154 | | |
Swedish krona | | | 221,357 | | | U.S. dollar | | | 21,109 | | | 8/9/24 | | | 20,685 | | | | (424 | ) | |
Swiss franc | | | 16,001 | | | U.S. dollar | | | 17,902 | | | 8/9/24 | | | 18,253 | | | | 351 | | |
Total Long Contracts | | | | | | $ | 525,216 | | | | | $ | 528,077 | | | $ | 2,861 | | |
As of July 31, 2024, 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 | | $ | 1,060,754 | | | British pound | | | 826,414 | | | 8/9/24 | | $ | 1,062,286 | | | $ | (1,532 | ) | |
U.S. dollar | | | 430,186 | | | Canadian dollar | | | 585,502 | | | 8/9/24 | | | 424,242 | | | | 5,944 | | |
U.S. dollar | | | 2,321,632 | | | Euro | | | 2,141,865 | | | 8/9/24 | | | 2,318,735 | | | | 2,897 | | |
U.S. dollar | | | 871,038 | | | Japanese yen | | | 140,209,798 | | | 8/9/24 | | | 937,380 | | | | (66,342 | ) | |
U.S. dollar | | | 150,004 | | | Swedish krona | | | 1,577,779 | | | 8/9/24 | | | 147,440 | | | | 2,564 | | |
U.S. dollar | | | 60,958 | | | Swiss franc | | | 54,635 | | | 8/9/24 | | | 62,325 | | | | (1,367 | ) | |
Total Short Contracts | | $ | 4,894,572 | | | | | | | | | $ | 4,952,408 | | | $ | (57,836 | ) | |
Long: | |
British pound | | | 19,429 | | | U.S. dollar | | $ | 25,280 | | | 8/9/24 | | $ | 24,974 | | | $ | (306 | ) | |
Canadian dollar | | | 12,171 | | | U.S. dollar | | | 8,895 | | | 8/9/24 | | | 8,819 | | | | (76 | ) | |
Euro | | | 105,099 | | | U.S. dollar | | | 115,085 | | | 8/9/24 | | | 113,778 | | | | (1,307 | ) | |
Japanese yen | | | 6,209,078 | | | U.S. dollar | | | 39,894 | | | 8/9/24 | | | 41,511 | | | | 1,617 | | |
Swedish krona | | | 41,576 | | | U.S. dollar | | | 3,944 | | | 8/9/24 | | | 3,885 | | | | (59 | ) | |
Swiss franc | | | 8,602 | | | U.S. dollar | | | 9,763 | | | 8/9/24 | | | 9,813 | | | | 50 | | |
Total Long Contracts | | | | | | $ | 202,861 | | | | | $ | 202,780 | | | $ | (81 | ) | |
Total unrealized appreciation | | $ | 35,448 | | |
Total unrealized (depreciation) | | | (123,200 | ) | |
Total net unrealized appreciation/(depreciation) | | $ | (87,752 | ) | |
See accompanying notes to the financial statements.
76 :: Semiconductor UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (46.5%)
| | | Shares | | Value | |
Advanced Micro Devices, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 55,301 | | | $ | 7,989,888 | | |
Allegro MicroSystems, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 3,284 | | | | 78,947 | | |
Amkor Technology, Inc. (Semiconductors &
Semiconductor Equipment) | | | 3,537 | | | | 115,518 | | |
Analog Devices, Inc. (Semiconductors &
Semiconductor Equipment) | | | 16,967 | | | | 3,925,824 | | |
Applied Materials, Inc. (Semiconductors &
Semiconductor Equipment) | | | 28,428 | | | | 6,032,422 | | |
Axcelis Technologies, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 1,113 | | | | 140,628 | | |
Broadcom, Inc. (Semiconductors &
Semiconductor Equipment) | | | 149,041 | | | | 23,947,908 | | |
Cirrus Logic, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 1,845 | | | | 240,736 | | |
Enphase Energy, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 4,655 | | | | 535,837 | | |
Entegris, Inc. (Semiconductors &
Semiconductor Equipment) | | | 5,159 | | | | 610,258 | | |
GLOBALFOUNDRIES, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 2,851 | | | | 145,430 | | |
Intel Corp. (Semiconductors &
Semiconductor Equipment) | | | 145,649 | | | | 4,477,250 | | |
KLA Corp. (Semiconductors &
Semiconductor Equipment) | | | 4,607 | | | | 3,791,883 | | |
Lam Research Corp. (Semiconductors &
Semiconductor Equipment) | | | 4,473 | | | | 4,120,707 | | |
Lattice Semiconductor Corp.*
(Semiconductors & Semiconductor
Equipment) | | | 4,706 | | | | 249,418 | | |
Marvell Technology, Inc. (Semiconductors &
Semiconductor Equipment) | | | 29,614 | | | | 1,983,546 | | |
Microchip Technology, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 18,489 | | | | 1,641,453 | | |
Micron Technology, Inc. (Semiconductors &
Semiconductor Equipment) | | | 37,887 | | | | 4,160,750 | | |
MKS Instruments, Inc. (Semiconductors &
Semiconductor Equipment) | | | 2,161 | | | | 272,070 | | |
Monolithic Power Systems, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 1,665 | | | | 1,437,045 | | |
NVIDIA Corp. (Semiconductors &
Semiconductor Equipment) | | | 841,607 | | | | 98,484,851 | | |
NXP Semiconductors N.V.
(Semiconductors & Semiconductor
Equipment) | | | 8,748 | | | | 2,302,124 | | |
ON Semiconductor Corp.*
(Semiconductors & Semiconductor
Equipment) | | | 14,720 | | | | 1,151,840 | | |
Power Integrations, Inc. (Semiconductors &
Semiconductor Equipment) | | | 1,942 | | | | 141,844 | | |
Common Stocks, continued
| | | Shares | | Value | |
Qorvo, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 3,303 | | | $ | 395,699 | | |
QUALCOMM, Inc. (Semiconductors &
Semiconductor Equipment) | | | 38,251 | | | | 6,921,518 | | |
Rambus, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 3,688 | | | | 189,711 | | |
Silicon Laboratories, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 1,092 | | | | 131,182 | | |
Skyworks Solutions, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 5,490 | | | | 623,774 | | |
SolarEdge Technologies, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 1,960 | | | | 56,566 | | |
Teradyne, Inc. (Semiconductors &
Semiconductor Equipment) | | | 5,341 | | | | 700,526 | | |
Texas Instruments, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 31,151 | | | | 6,348,885 | | |
Universal Display Corp.
(Semiconductors & Semiconductor
Equipment) | | | 1,493 | | | | 332,372 | | |
Wolfspeed, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 4,306 | | | | 81,168 | | |
TOTAL COMMON STOCKS
(Cost $47,634,819) | | | | | 183,759,578 | | |
Repurchase Agreements(a)(b) (28.0%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $110,648,974 | | $ | 110,633,000 | | | $ | 110,633,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $110,633,000) | | | | | 110,633,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $158,267,819)—74.5% | | | | | 294,392,578 | | |
Net other assets (liabilities)—25.5% | | | | | 101,008,535 | | |
NET ASSETS—100.0% | | | | $ | 395,401,113 | | |
* 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, 2024, the aggregate amount held in a segregated account was $87,383,000.
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Semiconductor UltraSector ProFund :: 77
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 | | 8/23/24 | | | 6.08 | % | | $ | 208,628,169 | | | $ | (3,513,431 | ) | |
Dow Jones U.S.
Semiconductors Index | | UBS AG | | 8/23/24 | | | 5.83 | % | | | 201,545,844 | | | | (5,175,043 | ) | |
| | | | | | | | | $ | 410,174,013 | | | $ | (8,688,474 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
Semiconductor UltraSector ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Semiconductors & Semiconductor
Equipment | | $ | 183,759,578 | | | | 46.5 | % | |
Other** | | | 211,641,535 | | | | 53.5 | % | |
Total | | $ | 395,401,113 | | | | 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.
78 :: Short Energy ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Repurchase Agreements(a)(b) (103.6%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $519,075 | | $ | 519,000 | | | $ | 519,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $519,000) | | | | | 519,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $519,000)—103.6% | | | | | 519,000 | | |
Net other assets (liabilities)—(3.6)% | | | | | (18,141 | ) | |
NET ASSETS—100.0% | | | | $ | 500,859 | | |
(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, 2024, the aggregate amount held in a segregated account was $141,000.
Total Return Swap Agreements—Short
Underlying Instrument | | Counterparty | | Termination
Date(1) | | Rate Paid
(Received)(2) | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
S&P Energy Select
Sector Index | | Goldman Sachs International | | 8/23/24 | | | (5.58 | )% | | $ | (166,685 | ) | | $ | (9,471 | ) | |
S&P Energy Select
Sector Index | | UBS AG | | 8/23/24 | | | (5.13 | )% | | | (333,370 | ) | | | (10,486 | ) | |
| | | | | | | | | $ | (500,055 | ) | | $ | (19,957 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Short Nasdaq-100 ProFund :: 79
Repurchase Agreements(a)(b) (84.2%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $1,654,239 | | $ | 1,654,000 | | | $ | 1,654,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $1,654,000) | | | | | 1,654,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $1,654,000)—84.2% | | | | | 1,654,000 | | |
Net other assets (liabilities)—15.8% | | | | | 310,361 | | |
NET ASSETS—100.0% | | | | $ | 1,964,361 | | |
(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, 2024, the aggregate amount held in a segregated account was $273,000.
Futures Contracts Sold
| | | Number
of
Contracts | | Expiration
Date | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
E-Mini Nasdaq-100 Futures Contracts | | | 1 | | | 9/23/24 | | $ | (390,105 | ) | | $ | 5,036 | | |
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 | | 8/27/24 | | | (5.83 | )% | | $ | (913,909 | ) | | $ | (12,496 | ) | |
Nasdaq-100 Index | | UBS AG | | 8/27/24 | | | (5.48 | )% | | | (648,641 | ) | | | (10,006 | ) | |
| | | | | | | | | $ | (1,562,550 | ) | | $ | (22,502 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
80 :: Short Precious Metals ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Repurchase Agreements(a)(b) (44.1%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $621,090 | | $ | 621,000 | | | $ | 621,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $621,000) | | | | | 621,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $621,000)—44.1% | | | | | 621,000 | | |
Net other assets (liabilities)(c)—55.9% | | | | | 788,180 | | |
NET ASSETS—100.0% | | | | $ | 1,409,180 | | |
(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, 2024, the aggregate amount held in a segregated account was $179,000.
(c) Amount includes $707,069 of net capital subscriptions.
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 | | 8/23/24 | | | (5.58 | )% | | $ | (450,203 | ) | | $ | 52,055 | | |
Dow Jones Precious
Metals Index | | UBS AG | | 8/23/24 | | | (5.08 | )% | | | (948,337 | ) | | | 30,996 | | |
| | | | | | | | | $ | (1,398,540 | ) | | $ | 83,051 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Short Real Estate ProFund :: 81
Repurchase Agreements(a)(b) (100.4%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $1,164,168 | | $ | 1,164,000 | | | $ | 1,164,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $1,164,000) | | | | | 1,164,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $1,164,000)—100.4% | | | | | 1,164,000 | | |
Net other assets (liabilities)—(0.4)% | | | | | (4,924 | ) | |
NET ASSETS—100.0% | | | | $ | 1,159,076 | | |
(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, 2024, the aggregate amount held in a segregated account was $283,000.
Total Return Swap Agreements—Short
Underlying Instrument | | Counterparty | | Termination
Date(1) | | Rate Paid
(Received)(2) | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
S&P Real Estate Select
Sector Index | | Goldman Sachs International | | 8/23/24 | | | (5.58 | )% | | $ | (425,707 | ) | | $ | (4,530 | ) | |
S&P Real Estate Select
Sector Index | | UBS AG | | 8/23/24 | | | (4.98 | )% | | | (732,758 | ) | | | (4,309 | ) | |
| | | | | | | | | $ | (1,158,465 | ) | | $ | (8,839 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
82 :: Short Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Repurchase Agreements(a)(b) (85.5%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $554,080 | | $ | 554,000 | | | $ | 554,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $554,000) | | | | | 554,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $554,000)—85.5% | | | | | 554,000 | | |
Net other assets (liabilities)—14.5% | | | | | 94,217 | | |
NET ASSETS—100.0% | | | | $ | 648,217 | | |
(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, 2024, the aggregate amount held in a segregated account was $131,000.
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 | | 8/27/24 | | | (5.48 | )% | | $ | (234,465 | ) | | $ | (2,079 | ) | |
Russell 2000 Index | | UBS AG | | 8/27/24 | | | (5.18 | )% | | | (412,570 | ) | | | (3,407 | ) | |
| | | | | | | | | $ | (647,035 | ) | | $ | (5,486 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Small-Cap Growth ProFund :: 83
Common Stocks (99.2%)
| | | Shares | | Value | |
A10 Networks, Inc. (Software) | | | 336 | | | $ | 4,398 | | |
AAR Corp.* (Aerospace & Defense) | | | 244 | | | | 15,762 | | |
ACI Worldwide, Inc.* (Software) | | | 681 | | | | 29,440 | | |
Addus HomeCare Corp.* (Health Care
Providers & Services) | | | 76 | | | | 9,223 | | |
Adeia, Inc. (Software) | | | 444 | | | | 5,217 | | |
Adtalem Global Education, Inc.* (Diversified
Consumer Services) | | | 386 | | | | 30,266 | | |
Advanced Energy Industries, Inc. (Electronic
Equipment, Instruments & Components) | | | 238 | | | | 27,696 | | |
AeroVironment, Inc.* (Aerospace & Defense) | | | 287 | | | | 51,241 | | |
Agilysys, Inc.* (Software) | | | 207 | | | | 23,203 | | |
Air Lease Corp. (Trading Companies &
Distributors) | | | 223 | | | | 11,065 | | |
Alamo Group, Inc. (Machinery) | | | 107 | | | | 20,621 | | |
Alarm.com Holdings, Inc.* (Software) | | | 515 | | | | 36,333 | | |
Albany International Corp. (Machinery) | | | 154 | | | | 14,411 | | |
Alkermes PLC* (Biotechnology) | | | 1,110 | | | | 30,325 | | |
Alpha Metallurgical Resources, Inc. (Metals &
Mining) | | | 120 | | | | 35,449 | | |
Ambac Financial Group, Inc.* (Insurance) | | | 463 | | | | 6,107 | | |
American Eagle Outfitters, Inc. (Specialty Retail) | | | 1,896 | | | | 41,807 | | |
American States Water Co. (Water Utilities) | | | 202 | | | | 16,672 | | |
American Woodmark Corp.* (Building
Products) | | | 91 | | | | 9,296 | | |
AMERISAFE, Inc. (Insurance) | | | 85 | | | | 4,036 | | |
AMN Healthcare Services, Inc.* (Health Care
Providers & Services) | | | 210 | | | | 14,200 | | |
Amphastar Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 391 | | | | 17,016 | | |
ANI Pharmaceuticals, Inc.* (Pharmaceuticals) | | | 158 | | | | 10,384 | | |
Apogee Enterprises, Inc. (Building Products) | | | 102 | | | | 7,001 | | |
Apollo Commercial Real Estate Finance, Inc.
(Mortgage REITs) | | | 831 | | | | 9,058 | | |
Apple Hospitality REIT, Inc. (Hotel & Resort
REITs) | | | 2,310 | | | | 34,165 | | |
ArcBest Corp. (Ground Transportation) | | | 240 | | | | 30,253 | | |
Arch Resources, Inc. (Metals & Mining) | | | 129 | | | | 18,905 | | |
Archrock, Inc. (Energy Equipment & Services) | | | 1,526 | | | | 31,634 | | |
Arcosa, Inc. (Construction & Engineering) | | | 294 | | | | 27,316 | | |
Arcus Biosciences, Inc.* (Biotechnology) | | | 228 | | | | 3,741 | | |
Arlo Technologies, Inc.* (Electronic
Equipment, Instruments & Components) | | | 1,000 | | | | 15,160 | | |
Armada Hoffler Properties, Inc.
(Diversified REITs) | | | 295 | | | | 3,505 | | |
ARMOUR Residential REIT, Inc.
(Mortgage REITs) | | | 344 | | | | 6,949 | | |
Armstrong World Industries, Inc. (Building
Products) | | | 449 | | | | 58,998 | | |
Artisan Partners Asset Management,
Inc.—Class A (Capital Markets) | | | 402 | | | | 17,752 | | |
Artivion, Inc.* (Health Care Equipment &
Supplies) | | | 219 | | | | 5,946 | | |
Asbury Automotive Group, Inc.* (Specialty
Retail) | | | 102 | | | | 27,460 | | |
Assured Guaranty, Ltd. (Insurance) | | | 318 | | | | 26,193 | | |
Astrana Health, Inc.* (Health Care Providers &
Services) | | | 434 | | | | 22,768 | | |
ATI, Inc.* (Metals & Mining) | | | 1,276 | | | | 86,399 | | |
Axcelis Technologies, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 334 | | | | 42,200 | | |
Common Stocks, continued
| | | Shares | | Value | |
Axos Financial, Inc.* (Banks) | | | 328 | | | $ | 23,947 | | |
AZZ, Inc. (Building Products) | | | 304 | | | | 24,307 | | |
Badger Meter, Inc. (Electronic Equipment,
Instruments & Components) | | | 301 | | | | 62,054 | | |
Balchem Corp. (Chemicals) | | | 186 | | | | 33,007 | | |
BancFirst Corp. (Banks) | | | 93 | | | | 9,991 | | |
Bank of Hawaii Corp. (Banks) | | | 163 | | | | 11,180 | | |
Berkshire Hills Bancorp, Inc. (Banks) | | | 213 | | | | 5,879 | | |
BGC Group, Inc.—Class A (Capital Markets) | | | 2,282 | | | | 21,017 | | |
BioLife Solutions, Inc.* (Life Sciences Tools &
Services) | | | 223 | | | | 5,356 | | |
BlackLine, Inc.* (Software) | | | 353 | | | | 16,775 | | |
Bloomin' Brands, Inc. (Hotels, Restaurants &
Leisure) | | | 434 | | | | 9,049 | | |
Boise Cascade Co. (Trading Companies &
Distributors) | | | 405 | | | | 57,547 | | |
Boot Barn Holdings, Inc.* (Specialty Retail) | | | 312 | | | | 41,646 | | |
Box, Inc.*—Class A (Software) | | | 903 | | | | 25,392 | | |
Brady Corp.—Class A (Commercial Services &
Supplies) | | | 298 | | | | 21,339 | | |
Brightsphere Investment Group, Inc. (Capital
Markets) | | | 181 | | | | 4,740 | | |
Brinker International, Inc.* (Hotels,
Restaurants & Leisure) | | | 191 | | | | 12,761 | | |
Cactus, Inc.—Class A (Energy Equipment &
Services) | | | 418 | | | | 26,384 | | |
California Resources Corp. (Oil, Gas &
Consumable Fuels) | | | 658 | | | | 33,848 | | |
California Water Service Group (Water Utilities) | | | 237 | | | | 12,670 | | |
Calix, Inc.* (Communications Equipment) | | | 293 | | | | 12,051 | | |
Cal-Maine Foods, Inc. (Food Products) | | | 418 | | | | 29,917 | | |
CareTrust REIT, Inc. (Health Care REITs) | | | 918 | | | | 24,749 | | |
Cargurus, Inc.* (Interactive Media & Services) | | | 804 | | | | 19,955 | | |
Carpenter Technology Corp. (Metals & Mining) | | | 508 | | | | 74,102 | | |
Cars.com, Inc.* (Interactive Media & Services) | | | 630 | | | | 12,991 | | |
Catalyst Pharmaceuticals, Inc.* (Biotechnology) | | | 1,150 | | | | 19,826 | | |
Cathay General Bancorp (Banks) | | | 351 | | | | 15,556 | | |
Cavco Industries, Inc.* (Household Durables) | | | 80 | | | | 33,170 | | |
Century Communities, Inc. (Household
Durables) | | | 148 | | | | 15,497 | | |
Certara, Inc.* (Health Care Technology) | | | 640 | | | | 9,991 | | |
CEVA, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 103 | | | | 2,065 | | |
Chesapeake Utilities Corp. (Gas Utilities) | | | 103 | | | | 12,157 | | |
Chuy's Holdings, Inc.* (Hotels, Restaurants &
Leisure) | | | 101 | | | | 3,746 | | |
Cinemark Holdings, Inc.* (Entertainment) | | | 1,093 | | | | 25,773 | | |
City Holding Co. (Banks) | | | 91 | | | | 11,093 | | |
Cogent Communications Holdings, Inc.
(Diversified Telecommunication Services) | | | 433 | | | | 30,566 | | |
Cohen & Steers, Inc. (Capital Markets) | | | 132 | | | | 11,328 | | |
Cohu, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 198 | | | | 6,334 | | |
Collegium Pharmaceutical, Inc.*
(Pharmaceuticals) | | | 335 | | | | 12,921 | | |
Community Healthcare Trust, Inc.
(Health Care REITs) | | | 100 | | | | 2,176 | | |
Comstock Resources, Inc. (Oil, Gas &
Consumable Fuels) | | | 504 | | | | 4,773 | | |
CONMED Corp. (Health Care Equipment &
Supplies) | | | 316 | | | | 21,817 | | |
See accompanying notes to the financial statements.
84 :: Small-Cap Growth ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
CONSOL Energy, Inc.* (Oil, Gas & Consumable
Fuels) | | | 271 | | | $ | 27,049 | | |
Corcept Therapeutics, Inc.* (Pharmaceuticals) | | | 610 | | | | 23,589 | | |
Core Laboratories, Inc. (Energy Equipment &
Services) | | | 211 | | | | 5,167 | | |
CorVel Corp.* (Health Care Providers &
Services) | | | 93 | | | | 28,532 | | |
CSG Systems International, Inc. (Professional
Services) | | | 143 | | | | 6,698 | | |
CTS Corp. (Electronic Equipment,
Instruments & Components) | | | 175 | | | | 8,554 | | |
Customers Bancorp, Inc.* (Banks) | | | 292 | | | | 18,828 | | |
CVR Energy, Inc. (Oil, Gas & Consumable Fuels) | | | 164 | | | | 4,690 | | |
Dave & Buster's Entertainment, Inc.* (Hotels,
Restaurants & Leisure) | | | 331 | | | | 12,449 | | |
DiamondRock Hospitality Co. (Hotel & Resort
REITs) | | | 2,154 | | | | 17,727 | | |
DigitalOcean Holdings, Inc.* (IT Services) | | | 303 | | | | 10,038 | | |
Dine Brands Global, Inc. (Hotels,
Restaurants & Leisure) | | | 68 | | | | 2,437 | | |
Diodes, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 288 | | | | 22,522 | | |
Donnelley Financial Solutions, Inc.* (Capital
Markets) | | | 255 | | | | 17,207 | | |
Dorian LPG, Ltd. (Oil, Gas & Consumable Fuels) | | | 350 | | | | 14,301 | | |
Dorman Products, Inc.* (Automobile
Components) | | | 197 | | | | 19,970 | | |
DoubleVerify Holdings, Inc.* (Software) | | | 1,445 | | | | 30,518 | | |
Dynavax Technologies Corp.* (Biotechnology) | | | 1,340 | | | | 14,995 | | |
Ellington Financial, Inc. (Mortgage REITs) | | | 871 | | | | 11,053 | | |
Energizer Holdings, Inc. (Household Products) | | | 315 | | | | 9,699 | | |
Enerpac Tool Group Corp. (Machinery) | | | 373 | | | | 14,995 | | |
Enpro, Inc. (Machinery) | | | 97 | | | | 16,581 | | |
Envestnet, Inc.* (Software) | | | 216 | | | | 13,388 | | |
ePlus, Inc.* (Electronic Equipment,
Instruments & Components) | | | 166 | | | | 15,259 | | |
ESCO Technologies, Inc. (Machinery) | | | 264 | | | | 32,461 | | |
Essential Properties Realty Trust, Inc.
(Diversified REITs) | | | 935 | | | | 27,666 | | |
Ethan Allen Interiors, Inc. (Household Durables) | | | 96 | | | | 2,964 | | |
EVERTEC, Inc. (Financial Services) | | | 660 | | | | 22,750 | | |
eXp World Holdings, Inc. (Real Estate
Management & Development) | | | 793 | | | | 11,387 | | |
Extreme Networks, Inc.* (Communications
Equipment) | | | 799 | | | | 11,426 | | |
Fabrinet* (Electronic Equipment,
Instruments & Components) | | | 371 | | | | 81,827 | | |
Federal Signal Corp. (Machinery) | | | 626 | | | | 62,581 | | |
First Bancorp (Banks) | | | 1,694 | | | | 36,337 | | |
First Commonwealth Financial Corp. (Banks) | | | 480 | | | | 8,678 | | |
FormFactor, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 792 | | | | 42,419 | | |
Four Corners Property Trust, Inc. (Specialized
REITs) | | | 414 | | | | 11,236 | | |
Fox Factory Holding Corp.* (Automobile
Components) | | | 163 | | | | 8,703 | | |
Franklin Electric Co., Inc. (Machinery) | | | 407 | | | | 43,394 | | |
Frontdoor, Inc.* (Diversified Consumer Services) | | | 798 | | | | 31,489 | | |
Gates Industrial Corp. PLC* (Machinery) | | | 646 | | | | 12,009 | | |
Gentherm, Inc.* (Automobile Components) | | | 150 | | | | 8,277 | | |
Getty Realty Corp. (Retail REITs) | | | 216 | | | | 6,398 | | |
Common Stocks, continued
| | | Shares | | Value | |
Gibraltar Industries, Inc.* (Building Products) | | | 312 | | | $ | 23,172 | | |
Glaukos Corp.* (Health Care Equipment &
Supplies) | | | 516 | | | | 60,459 | | |
GMS, Inc.* (Trading Companies & Distributors) | | | 409 | | | | 39,358 | | |
Gogo, Inc.* (Wireless Telecommunication
Services) | | | 293 | | | | 2,660 | | |
Golden Entertainment, Inc. (Hotels,
Restaurants & Leisure) | | | 135 | | | | 4,513 | | |
Goosehead Insurance, Inc.*—Class A
(Insurance) | | | 259 | | | | 23,385 | | |
Granite Construction, Inc. (Construction &
Engineering) | | | 231 | | | | 15,814 | | |
Green Brick Partners, Inc.* (Household
Durables) | | | 258 | | | | 18,873 | | |
Griffon Corp. (Building Products) | | | 259 | | | | 18,664 | | |
Group 1 Automotive, Inc. (Specialty Retail) | | | 136 | | | | 49,737 | | |
Guess?, Inc. (Specialty Retail) | | | 279 | | | | 6,710 | | |
H.B. Fuller Co. (Chemicals) | | | 274 | | | | 23,619 | | |
Harmonic, Inc.* (Communications Equipment) | | | 644 | | | | 9,441 | | |
Harmony Biosciences Holdings, Inc.*
(Pharmaceuticals) | | | 140 | | | | 4,740 | | |
Hawkins, Inc. (Chemicals) | | | 195 | | | | 20,261 | | |
Haynes International, Inc. (Metals & Mining) | | | 73 | | | | 4,347 | | |
HCI Group, Inc. (Insurance) | | | 75 | | | | 7,070 | | |
HealthStream, Inc. (Health Care Technology) | | | 130 | | | | 3,862 | | |
Heartland Express, Inc. (Ground Transportation) | | | 257 | | | | 3,333 | | |
Helix Energy Solutions Group, Inc.* (Energy
Equipment & Services) | | | 1,469 | | | | 17,334 | | |
Helmerich & Payne, Inc. (Energy Equipment &
Services) | | | 545 | | | | 22,029 | | |
HNI Corp. (Commercial Services & Supplies) | | | 291 | | | | 15,990 | | |
IAC, Inc.* (Interactive Media & Services) | | | 286 | | | | 15,104 | | |
Inari Medical, Inc.* (Health Care Equipment &
Supplies) | | | 302 | | | | 14,061 | | |
Innospec, Inc. (Chemicals) | | | 162 | | | | 21,245 | | |
Innovative Industrial Properties, Inc. (Industrial
REITs) | | | 160 | | | | 19,650 | | |
Innoviva, Inc.* (Pharmaceuticals) | | | 282 | | | | 5,313 | | |
Insight Enterprises, Inc.* (Electronic
Equipment, Instruments & Components) | | | 184 | | | | 41,308 | | |
Installed Building Products, Inc. (Household
Durables) | | | 240 | | | | 64,883 | | |
Insteel Industries, Inc. (Building Products) | | | 126 | | | | 4,316 | | |
Integer Holdings Corp.* (Health Care
Equipment & Supplies) | | | 344 | | | | 40,853 | | |
Inter Parfums, Inc. (Personal Care Products) | | | 183 | | | | 25,744 | | |
InterDigital, Inc. (Software) | | | 259 | | | | 31,795 | | |
Ironwood Pharmaceuticals, Inc.*
(Biotechnology) | | | 817 | | | | 5,580 | | |
Itron, Inc.* (Electronic Equipment,
Instruments & Components) | | | 230 | | | | 23,791 | | |
J & J Snack Foods Corp. (Food Products) | | | 160 | | | | 26,992 | | |
Jack in the Box, Inc. (Hotels, Restaurants &
Leisure) | | | 198 | | | | 11,769 | | |
John B Sanfilippo & Son, Inc. (Food Products) | | | 49 | | | | 5,139 | | |
John Bean Technologies Corp. (Machinery) | | | 195 | | | | 19,184 | | |
Knowles Corp.* (Electronic Equipment,
Instruments & Components) | | | 376 | | | | 6,870 | | |
Kontoor Brands, Inc. (Textiles, Apparel &
Luxury Goods) | | | 509 | | | | 35,707 | | |
Koppers Holdings, Inc. (Chemicals) | | | 116 | | | | 4,722 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Small-Cap Growth ProFund :: 85
Common Stocks, continued
| | | Shares | | Value | |
Korn Ferry (Professional Services) | | | 310 | | | $ | 22,853 | | |
Krystal Biotech, Inc.* (Biotechnology) | | | 169 | | | | 35,230 | | |
Kulicke & Soffa Industries, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 359 | | | | 16,934 | | |
Lakeland Financial Corp. (Banks) | | | 123 | | | | 8,429 | | |
La-Z-Boy, Inc. (Household Durables) | | | 236 | | | | 10,417 | | |
LCI Industries (Automobile Components) | | | 165 | | | | 19,254 | | |
LeMaitre Vascular, Inc. (Health Care
Equipment & Supplies) | | | 204 | | | | 17,726 | | |
LGI Homes, Inc.* (Household Durables) | | | 127 | | | | 14,614 | | |
Liberty Energy, Inc. (Energy Equipment &
Services) | | | 1,555 | | | | 37,553 | | |
Lindsay Corp. (Machinery) | | | 56 | | | | 7,055 | | |
Liquidity Services, Inc.* (Commercial
Services & Supplies) | | | 228 | | | | 5,123 | | |
LiveRamp Holdings, Inc.* (Software) | | | 679 | | | | 20,560 | | |
LTC Properties, Inc. (Health Care REITs) | | | 191 | | | | 6,821 | | |
M/I Homes, Inc.* (Household Durables) | | | 284 | | | | 47,379 | | |
Madison Square Garden Sports Corp.*
(Entertainment) | | | 171 | | | | 34,270 | | |
Magnolia Oil & Gas Corp.—Class A (Oil, Gas &
Consumable Fuels) | | | 1,855 | | | | 50,530 | | |
Marathon Digital Holdings, Inc.* (Software) | | | 2,798 | | | | 55,037 | | |
Marcus & Millichap, Inc. (Real Estate
Management & Development) | | | 101 | | | | 4,001 | | |
Marten Transport, Ltd. (Ground Transportation) | | | 278 | | | | 5,229 | | |
Materion Corp. (Metals & Mining) | | | 212 | | | | 25,531 | | |
Matson, Inc. (Marine Transportation) | | | 350 | | | | 46,449 | | |
Matthews International Corp.—Class A
(Commercial Services & Supplies) | | | 201 | | | | 5,819 | | |
MaxLinear, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 479 | | | | 6,773 | | |
Merit Medical Systems, Inc.* (Health Care
Equipment & Supplies) | | | 352 | | | | 30,022 | | |
Meritage Homes Corp. (Household Durables) | | | 373 | | | | 75,670 | | |
Metallus, Inc.* (Metals & Mining) | | | 228 | | | | 5,112 | | |
MGE Energy, Inc. (Electric Utilities) | | | 204 | | | | 17,919 | | |
MGP Ingredients, Inc. (Beverages) | | | 93 | | | | 7,584 | | |
Middlesex Water Co. (Water Utilities) | | | 84 | | | | 5,584 | | |
Minerals Technologies, Inc. (Chemicals) | | | 166 | | | | 13,011 | | |
Mister Car Wash, Inc.* (Diversified Consumer
Services) | | | 436 | | | | 3,314 | | |
Moelis & Co.—Class A (Capital Markets) | | | 390 | | | | 26,521 | | |
Monarch Casino & Resort, Inc. (Hotels,
Restaurants & Leisure) | | | 135 | | | | 10,568 | | |
Moog, Inc.—Class A (Aerospace & Defense) | | | 295 | | | | 57,850 | | |
Mueller Industries, Inc. (Machinery) | | | 1,164 | | | | 82,575 | | |
Myers Industries, Inc. (Containers & Packaging) | | | 185 | | | | 2,757 | | |
MYR Group, Inc.* (Construction & Engineering) | | | 171 | | | | 24,022 | | |
Myriad Genetics, Inc.* (Biotechnology) | | | 454 | | | | 12,698 | | |
N-able, Inc.* (Software) | | | 460 | | | | 6,412 | | |
National Beverage Corp. (Beverages) | | | 132 | | | | 6,440 | | |
National HealthCare Corp. (Health Care
Providers & Services) | | | 66 | | | | 8,987 | | |
National Presto Industries, Inc. (Aerospace &
Defense) | | | 23 | | | | 1,759 | | |
NeoGenomics, Inc.* (Health Care Providers &
Services) | | | 1,309 | | | | 23,209 | | |
New York Mortgage Trust, Inc. (Mortgage
REITs) | | | 934 | | | | 6,052 | | |
Common Stocks, continued
| | | Shares | | Value | |
NMI Holdings, Inc.* (Financial Services) | | | 535 | | | $ | 21,052 | | |
Northern Oil and Gas, Inc. (Oil, Gas &
Consumable Fuels) | | | 938 | | | | 40,512 | | |
Oceaneering International, Inc.* (Energy
Equipment & Services) | | | 1,040 | | | | 31,221 | | |
OFG Bancorp (Banks) | | | 482 | | | | 21,892 | | |
Olympic Steel, Inc. (Metals & Mining) | | | 49 | | | | 2,483 | | |
OSI Systems, Inc.* (Electronic Equipment,
Instruments & Components) | | | 161 | | | | 23,825 | | |
Otter Tail Corp. (Electric Utilities) | | | 429 | | | | 41,579 | | |
Outfront Media, Inc. (Specialized REITs) | | | 628 | | | | 10,186 | | |
Oxford Industries, Inc. (Textiles, Apparel &
Luxury Goods) | | | 151 | | | | 15,905 | | |
Palomar Holdings, Inc.* (Insurance) | | | 255 | | | | 23,462 | | |
Papa John's International, Inc. (Hotels,
Restaurants & Leisure) | | | 159 | | | | 7,033 | | |
Par Pacific Holdings, Inc.* (Oil, Gas &
Consumable Fuels) | | | 546 | | | | 14,496 | | |
Park National Corp. (Banks) | | | 61 | | | | 10,795 | | |
Pathward Financial, Inc. (Banks) | | | 259 | | | | 17,493 | | |
Patrick Industries, Inc. (Automobile
Components) | | | 216 | | | | 27,660 | | |
Patterson-UTI Energy, Inc. (Energy
Equipment & Services) | | | 1,744 | | | | 19,167 | | |
Payoneer Global, Inc.* (Financial Services) | | | 1,038 | | | | 5,740 | | |
PDF Solutions, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 315 | | | | 11,053 | | |
Peabody Energy Corp. (Oil, Gas & Consumable
Fuels) | | | 487 | | | | 10,816 | | |
Perdoceo Education Corp. (Diversified
Consumer Services) | | | 376 | | | | 9,321 | | |
Perficient, Inc.* (IT Services) | | | 220 | | | | 16,591 | | |
Phillips Edison & Co., Inc. (Retail REITs) | | | 640 | | | | 22,464 | | |
Photronics, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 453 | | | | 11,511 | | |
Piper Sandler Cos. (Capital Markets) | | | 78 | | | | 21,317 | | |
PJT Partners, Inc.—Class A (Capital Markets) | | | 129 | | | | 17,149 | | |
Plexus Corp.* (Electronic Equipment,
Instruments & Components) | | | 124 | | | | 15,893 | | |
Powell Industries, Inc. (Electrical Equipment) | | | 95 | | | | 17,444 | | |
Preferred Bank (Banks) | | | 127 | | | | 10,930 | | |
Prestige Consumer Healthcare, Inc.*
(Pharmaceuticals) | | | 245 | | | | 17,348 | | |
Privia Health Group, Inc.* (Health Care
Providers & Services) | | | 1,064 | | | | 22,067 | | |
PROG Holdings, Inc. (Consumer Finance) | | | 443 | | | | 19,962 | | |
Progress Software Corp. (Software) | | | 444 | | | | 25,930 | | |
Protagonist Therapeutics, Inc.* (Biotechnology) | | | 427 | | | | 15,987 | | |
Proto Labs, Inc.* (Machinery) | | | 168 | | | | 5,850 | | |
Quaker Chemical Corp. (Chemicals) | | | 74 | | | | 13,436 | | |
Quanex Building Products Corp. (Building
Products) | | | 234 | | | | 7,816 | | |
Radian Group, Inc. (Financial Services) | | | 849 | | | | 31,499 | | |
RadNet, Inc.* (Health Care Providers &
Services) | | | 682 | | | | 40,750 | | |
Redwood Trust, Inc. (Mortgage REITs) | | | 1,355 | | | | 9,851 | | |
REGENXBIO, Inc.* (Biotechnology) | | | 198 | | | | 2,822 | | |
REX American Resources Corp.* (Oil, Gas &
Consumable Fuels) | | | 157 | | | | 7,977 | | |
Rogers Corp.* (Electronic Equipment,
Instruments & Components) | | | 116 | | | | 14,173 | | |
See accompanying notes to the financial statements.
86 :: Small-Cap Growth ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
RPC, Inc. (Energy Equipment & Services) | | | 865 | | | $ | 6,462 | | |
Rush Enterprises, Inc.—Class A (Trading
Companies & Distributors) | | | 285 | | | | 14,538 | | |
RXO, Inc.* (Ground Transportation) | | | 554 | | | | 17,567 | | |
S&T Bancorp, Inc. (Banks) | | | 207 | | | | 9,187 | | |
Sabre Corp.* (Hotels, Restaurants & Leisure) | | | 2,073 | | | | 7,110 | | |
Saul Centers, Inc. (Retail REITs) | | | 65 | | | | 2,571 | | |
Schrodinger, Inc.* (Health Care Technology) | | | 316 | | | | 7,041 | | |
Sealed Air Corp. (Containers & Packaging) | | | 597 | | | | 22,715 | | |
Semtech Corp.* (Semiconductors &
Semiconductor Equipment) | | | 298 | | | | 9,453 | | |
Sensient Technologies Corp. (Chemicals) | | | 186 | | | | 14,517 | | |
ServisFirst Bancshares, Inc. (Banks) | | | 231 | | | | 18,535 | | |
Shake Shack, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 386 | | | | 33,821 | | |
Shenandoah Telecommunications Co.
(Diversified Telecommunication Services) | | | 514 | | | | 10,943 | | |
Shutterstock, Inc. (Interactive Media & Services) | | | 126 | | | | 5,572 | | |
Signet Jewelers, Ltd. (Specialty Retail) | | | 458 | | | | 38,532 | | |
Simulations Plus, Inc. (Health Care Technology) | | | 97 | | | | 3,961 | | |
SiriusPoint, Ltd.* (Insurance) | | | 943 | | | | 13,551 | | |
SITE Centers Corp. (Retail REITs) | | | 868 | | | | 13,411 | | |
SiTime Corp.* (Semiconductors &
Semiconductor Equipment) | | | 105 | | | | 14,905 | | |
Six Flags Entertainment Corp.* (Hotels,
Restaurants & Leisure) | | | 955 | | | | 45,486 | | |
SJW Group (Water Utilities) | | | 130 | | | | 7,879 | | |
SkyWest, Inc.* (Passenger Airlines) | | | 223 | | | | 17,827 | | |
SM Energy Co. (Oil, Gas & Consumable Fuels) | | | 1,180 | | | | 54,516 | | |
SMART Global Holdings, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 219 | | | | 5,125 | | |
SolarEdge Technologies, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 229 | | | | 6,609 | | |
Southside Bancshares, Inc. (Banks) | | | 115 | | | | 4,024 | | |
SPS Commerce, Inc.* (Software) | | | 380 | | | | 81,859 | | |
SPX Technologies, Inc.* (Machinery) | | | 474 | | | | 69,935 | | |
STAAR Surgical Co.* (Health Care
Equipment & Supplies) | | | 307 | | | | 12,664 | | |
Standex International Corp. (Machinery) | | | 122 | | | | 22,790 | | |
StepStone Group, Inc.—Class A (Capital
Markets) | | | 161 | | | | 8,092 | | |
Steven Madden, Ltd. (Textiles, Apparel &
Luxury Goods) | | | 707 | | | | 32,055 | | |
Strategic Education, Inc. (Diversified
Consumer Services) | | | 92 | | | | 9,697 | | |
Stride, Inc.* (Diversified Consumer Services) | | | 410 | | | | 31,152 | | |
Summit Hotel Properties, Inc. (Hotel & Resort
REITs) | | | 565 | | | | 3,582 | | |
Sun Country Airlines Holdings, Inc.*
(Passenger Airlines) | | | 173 | | | | 2,266 | | |
Sunstone Hotel Investors, Inc. (Hotel & Resort
REITs) | | | 2,088 | | | | 21,632 | | |
Supernus Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 225 | | | | 6,710 | | |
Tandem Diabetes Care, Inc.* (Health Care
Equipment & Supplies) | | | 305 | | | | 11,279 | | |
Tanger, Inc. (Retail REITs) | | | 1,121 | | | | 32,397 | | |
TechTarget, Inc.* (Media) | | | 154 | | | | 4,928 | | |
Common Stocks, continued
| | | Shares | | Value | |
Telephone and Data Systems, Inc. (Wireless
Telecommunication Services) | | | 504 | | | $ | 10,685 | | |
Tennant Co. (Machinery) | | | 194 | | | | 20,892 | | |
The Andersons, Inc. (Consumer Staples
Distribution & Retail) | | | 172 | | | | 9,379 | | |
The Bancorp, Inc.* (Banks) | | | 530 | | | | 27,475 | | |
The Buckle, Inc. (Specialty Retail) | | | 188 | | | | 8,120 | | |
The Cheesecake Factory, Inc. (Hotels,
Restaurants & Leisure) | | | 221 | | | | 8,595 | | |
The Ensign Group, Inc. (Health Care
Providers & Services) | | | 579 | | | | 81,493 | | |
The Simply Good Foods Co.* (Food Products) | | | 588 | | | | 19,945 | | |
The St. Joe Co. (Real Estate Management &
Development) | | | 365 | | | | 22,513 | | |
Tidewater, Inc.* (Energy Equipment & Services) | | | 498 | | | | 49,282 | | |
Tootsie Roll Industries, Inc. (Food Products) | | | 110 | | | | 3,392 | | |
Tri Pointe Homes, Inc.* (Household Durables) | | | 593 | | | | 26,833 | | |
Trinity Industries, Inc. (Machinery) | | | 420 | | | | 13,885 | | |
TripAdvisor, Inc.* (Interactive Media & Services) | | | 1,115 | | | | 19,657 | | |
Triumph Financial, Inc.* (Banks) | | | 221 | | | | 20,051 | | |
Trupanion, Inc.*(a) (Insurance) | | | 177 | | | | 6,560 | | |
Two Harbors Investment Corp. (Mortgage
REITs) | | | 1,060 | | | | 14,278 | | |
U.S. Physical Therapy, Inc. (Health Care
Providers & Services) | | | 85 | | | | 8,288 | | |
UFP Technologies, Inc.* (Health Care
Equipment & Supplies) | | | 73 | | | | 23,476 | | |
UniFirst Corp. (Commercial Services &
Supplies) | | | 64 | | | | 12,451 | | |
Uniti Group, Inc. (Specialized REITs) | | | 1,279 | | | | 4,911 | | |
Unitil Corp. (Multi-Utilities) | | | 75 | | | | 4,596 | | |
Universal Health Realty Income Trust (Health
Care REITs) | | | 63 | | | | 2,693 | | |
Upbound Group, Inc. (Specialty Retail) | | | 257 | | | | 9,697 | | |
Urban Edge Properties (Retail REITs) | | | 718 | | | | 14,575 | | |
Urban Outfitters, Inc.* (Specialty Retail) | | | 581 | | | | 26,755 | | |
Vector Group, Ltd. (Tobacco) | | | 617 | | | | 7,885 | | |
Veeco Instruments, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 581 | | | | 24,059 | | |
Vericel Corp.* (Biotechnology) | | | 498 | | | | 25,159 | | |
Veris Residential, Inc. (Residential REITs) | | | 329 | | | | 5,169 | | |
Verra Mobility Corp.* (Professional Services) | | | 1,708 | | | | 51,462 | | |
Vestis Corp. (Commercial Services & Supplies) | | | 714 | | | | 9,261 | | |
Viad Corp.* (Commercial Services & Supplies) | | | 216 | | | | 7,182 | | |
Vicor Corp.* (Electrical Equipment) | | | 123 | | | | 5,180 | | |
Virtus Investment Partners, Inc. (Capital
Markets) | | | 43 | | | | 9,718 | | |
Vital Energy, Inc.* (Oil, Gas & Consumable
Fuels) | | | 126 | | | | 5,495 | | |
Walker & Dunlop, Inc. (Financial Services) | | | 149 | | | | 15,928 | | |
Warrior Met Coal, Inc. (Metals & Mining) | | | 536 | | | | 37,043 | | |
WD-40 Co. (Household Products) | | | 139 | | | | 36,364 | | |
Westamerica Bancorp (Banks) | | | 166 | | | | 8,957 | | |
Whitestone REIT (Retail REITs) | | | 236 | | | | 3,257 | | |
Winnebago Industries, Inc. (Automobiles) | | | 169 | | | | 10,566 | | |
WisdomTree, Inc. (Capital Markets) | | | 1,144 | | | | 13,659 | | |
World Acceptance Corp.* (Consumer Finance) | | | 35 | | | | 4,274 | | |
Worthington Enterprises, Inc. (Household
Durables) | | | 216 | | | | 10,781 | | |
Worthington Steel, Inc. (Metals & Mining) | | | 217 | | | | 8,652 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Small-Cap Growth ProFund :: 87
Common Stocks, continued
| | | Shares | | Value | |
WSFS Financial Corp. (Banks) | | | 277 | | | $ | 15,648 | | |
Xencor, Inc.* (Biotechnology) | | | 328 | | | | 6,698 | | |
Xenia Hotels & Resorts, Inc. (Hotel & Resort
REITs) | | | 615 | | | | 8,536 | | |
XPEL, Inc.* (Automobile Components) | | | 218 | | | | 8,910 | | |
Yelp, Inc.* (Interactive Media & Services) | | | 692 | | | | 25,209 | | |
TOTAL COMMON STOCKS
(Cost $4,941,760) | | | | | 6,717,195 | | |
Collateral for Securities Loaned(b) (0.1%)
| | | Shares | | Value | |
Invesco Government & Agency Portfolio—
Institutional Shares, 5.22%(c) | | | 4,055 | | | $ | 4,055 | | |
TOTAL COLLATERAL FOR SECURITIES LOANED
(Cost $4,055) | | | | | 4,055 | | |
TOTAL INVESTMENT SECURITIES
(Cost $4,945,815)—99.3% | | | | | 6,721,250 | | |
Net other assets (liabilities)—0.7% | | | | | 50,075 | | |
NET ASSETS—100.0% | | | | $ | 6,771,325 | | |
* Non-income producing security.
(a) All or part of this security was on loan as of July 31, 2024. The total value of securities on loan as of July 31, 2024 was $3,928.
(b) Securities were purchased with cash collateral held from securities on loan at July 31, 2024.
(c) Rate periodically changes. Rate disclosed is the daily yield on July 31, 2024.
REIT Real Estate Investment Trust
Small-Cap Growth ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Aerospace & Defense | | $ | 126,612 | | | | 1.9 | % | |
Automobile Components | | | 92,774 | | | | 1.4 | % | |
Automobiles | | | 10,566 | | | | 0.2 | % | |
Banks | | | 314,906 | | | | 4.6 | % | |
Beverages | | | 14,024 | | | | 0.2 | % | |
Biotechnology | | | 173,061 | | | | 2.5 | % | |
Building Products | | | 153,570 | | | | 2.3 | % | |
Capital Markets | | | 168,500 | | | | 2.5 | % | |
Chemicals | | | 143,818 | | | | 2.1 | % | |
Commercial Services & Supplies | | | 77,166 | | | | 1.1 | % | |
Communications Equipment | | | 32,918 | | | | 0.5 | % | |
Construction & Engineering | | | 67,152 | | | | 1.0 | % | |
Consumer Finance | | | 24,236 | | | | 0.4 | % | |
Consumer Staples Distribution & Retail | | | 9,379 | | | | 0.1 | % | |
Containers & Packaging | | | 25,472 | | | | 0.4 | % | |
Diversified Consumer Services | | | 115,239 | | | | 1.7 | % | |
Diversified REITs | | | 31,171 | | | | 0.5 | % | |
Diversified Telecommunication Services | | | 41,509 | | | | 0.6 | % | |
Electric Utilities | | | 59,498 | | | | 0.9 | % | |
Electrical Equipment | | | 22,624 | | | | 0.3 | % | |
Electronic Equipment, Instruments &
Components | | | 336,410 | | | | 5.0 | % | |
Energy Equipment & Services | | | 246,233 | | | | 3.6 | % | |
Entertainment | | | 60,043 | | | | 0.9 | % | |
Financial Services | | | 96,969 | | | | 1.4 | % | |
Food Products | | | 85,384 | | | | 1.3 | % | |
Gas Utilities | | | 12,157 | | | | 0.2 | % | |
Ground Transportation | | | 56,382 | | | | 0.8 | % | |
Health Care Equipment & Supplies | | | 238,303 | | | | 3.5 | % | |
Health Care Providers & Services | | | 259,517 | | | | 3.8 | % | |
Health Care REITs | | | 36,439 | | | | 0.5 | % | |
Health Care Technology | | | 24,855 | | | | 0.4 | % | |
Hotel & Resort REITs | | | 85,642 | | | | 1.3 | % | |
Hotels, Restaurants & Leisure | | | 169,337 | | | | 2.5 | % | |
Household Durables | | | 321,082 | | | | 4.7 | % | |
Household Products | | | 46,063 | | | | 0.7 | % | |
Industrial REITs | | | 19,650 | | | | 0.3 | % | |
| | | Value | | % of
Net Assets | |
Insurance | | $ | 110,364 | | | | 1.6 | % | |
Interactive Media & Services | | | 98,488 | | | | 1.4 | % | |
IT Services | | | 26,629 | | | | 0.4 | % | |
Life Sciences Tools & Services | | | 5,356 | | | | 0.1 | % | |
Machinery | | | 459,218 | | | | 6.8 | % | |
Marine Transportation | | | 46,449 | | | | 0.7 | % | |
Media | | | 4,928 | | | | 0.1 | % | |
Metals & Mining | | | 298,022 | | | | 4.4 | % | |
Mortgage REITs | | | 57,241 | | | | 0.8 | % | |
Multi-Utilities | | | 4,596 | | | | 0.1 | % | |
Oil, Gas & Consumable Fuels | | | 269,003 | | | | 4.0 | % | |
Passenger Airlines | | | 20,093 | | | | 0.3 | % | |
Personal Care Products | | | 25,744 | | | | 0.4 | % | |
Pharmaceuticals | | | 98,021 | | | | 1.4 | % | |
Professional Services | | | 81,013 | | | | 1.2 | % | |
Real Estate Management & Development | | | 37,901 | | | | 0.6 | % | |
Residential REITs | | | 5,169 | | | | 0.1 | % | |
Retail REITs | | | 95,072 | | | | 1.4 | % | |
Semiconductors & Semiconductor
Equipment | | | 221,962 | | | | 3.3 | % | |
Software | | | 406,257 | | | | 6.0 | % | |
Specialized REITs | | | 26,334 | | | | 0.4 | % | |
Specialty Retail | | | 250,464 | | | | 3.7 | % | |
Textiles, Apparel & Luxury Goods | | | 83,667 | | | | 1.2 | % | |
Tobacco | | | 7,885 | | | | 0.1 | % | |
Trading Companies & Distributors | | | 122,508 | | | | 1.8 | % | |
Water Utilities | | | 42,805 | | | | 0.6 | % | |
Wireless Telecommunication Services | | | 13,345 | | | | 0.2 | % | |
Other** | | | 54,130 | | | | 0.8 | % | |
Total | | $ | 6,771,325 | | | | 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.
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
88 :: Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (50.6%)
| | | Shares | | Value | |
1-800-Flowers.com, Inc.*—Class A (Specialty
Retail) | | | 24 | | | $ | 249 | | |
1st Source Corp. (Banks) | | | 17 | | | | 1,080 | | |
1stdibs.com, Inc.* (Broadline Retail) | | | 24 | | | | 110 | | |
2seventy bio, Inc.* (Biotechnology) | | | 46 | | | | 217 | | |
374Water, Inc.* (Machinery) | | | 60 | | | | 73 | | |
3D Systems Corp.* (Machinery) | | | 119 | | | | 434 | | |
4D Molecular Therapeutics, Inc.*
(Biotechnology) | | | 47 | | | | 833 | | |
89bio, Inc.* (Biotechnology) | | | 77 | | | | 705 | | |
8x8, Inc.* (Software) | | | 109 | | | | 336 | | |
908 Devices, Inc.* (Electronic Equipment,
Instruments & Components) | | | 22 | | | | 125 | | |
a.k.a. Brands Holding Corp.* (Specialty Retail) | | | 1 | | | | 17 | | |
A10 Networks, Inc. (Software) | | | 67 | | | | 877 | | |
AAR Corp.* (Aerospace & Defense) | | | 32 | | | | 2,067 | | |
Abercrombie & Fitch Co.* (Specialty Retail) | | | 48 | | | | 7,078 | | |
ABM Industries, Inc. (Commercial
Services & Supplies) | | | 60 | | | | 3,333 | | |
Absci Corp.* (Biotechnology) | | | 74 | | | | 326 | | |
Acacia Research Corp.* (Financial Services) | | | 35 | | | | 187 | | |
Academy Sports & Outdoors, Inc. (Specialty
Retail) | | | 69 | | | | 3,731 | | |
ACADIA Pharmaceuticals, Inc.*
(Biotechnology) | | | 113 | | | | 2,149 | | |
Acadia Realty Trust (Retail REITs) | | | 96 | | | | 2,077 | | |
Accel Entertainment, Inc.* (Hotels,
Restaurants & Leisure) | | | 50 | | | | 610 | | |
ACCO Brands Corp. (Commercial Services &
Supplies) | | | 88 | | | | 450 | | |
Accolade, Inc.* (Health Care Providers &
Services) | | | 69 | | | | 283 | | |
Accuray, Inc.* (Health Care Equipment &
Supplies) | | | 89 | | | | 164 | | |
ACELYRIN, Inc.* (Biotechnology) | | | 68 | | | | 408 | | |
Achieve Life Sciences, Inc.*
(Biotechnology) | | | 32 | | | | 159 | | |
ACI Worldwide, Inc.* (Software) | | | 99 | | | | 4,280 | | |
ACM Research, Inc.*—Class A
(Semiconductors & Semiconductor
Equipment) | | | 48 | | | | 862 | | |
ACNB Corp. (Banks) | | | 8 | | | | 332 | | |
Acrivon Therapeutics, Inc.* (Biotechnology) | | | 11 | | | | 92 | | |
Actinium Pharmaceuticals, Inc.*
(Biotechnology) | | | 28 | | | | 194 | | |
Acumen Pharmaceuticals, Inc.*
(Biotechnology) | | | 39 | | | | 129 | | |
Acushnet Holdings Corp. (Leisure Products) | | | 27 | | | | 1,960 | | |
ACV Auctions, Inc.*—Class A
(Commercial Services & Supplies) | | | 140 | | | | 2,391 | | |
AdaptHealth Corp.* (Health Care Providers &
Services) | | | 96 | | | | 1,091 | | |
Adaptive Biotechnologies Corp.* (Life
Sciences Tools & Services) | | | 109 | | | | 496 | | |
ADC Therapeutics SA* (Biotechnology) | | | 65 | | | | 216 | | |
Addus HomeCare Corp.* (Health Care
Providers & Services) | | | 14 | | | | 1,699 | | |
Adeia, Inc. (Software) | | | 103 | | | | 1,210 | | |
Adient PLC* (Automobile Components) | | | 86 | | | | 2,215 | | |
ADMA Biologics, Inc.* (Biotechnology) | | | 212 | | | | 2,603 | | |
Common Stocks, continued
| | | Shares | | Value | |
Adtalem Global Education, Inc.* (Diversified
Consumer Services) | | | 37 | | | $ | 2,901 | | |
ADTRAN Holdings, Inc. (Communications
Equipment) | | | 74 | | | | 501 | | |
Advanced Energy Industries, Inc. (Electronic
Equipment, Instruments & Components) | | | 35 | | | | 4,073 | | |
AdvanSix, Inc. (Chemicals) | | | 24 | | | | 671 | | |
Advantage Solutions, Inc.* (Media) | | | 101 | | | | 405 | | |
Adverum Biotechnologies, Inc.*
(Biotechnology) | | | 20 | | | | 148 | | |
Aehr Test Systems* (Semiconductors &
Semiconductor Equipment) | | | 26 | | | | 491 | | |
Aemetis, Inc.* (Oil, Gas & Consumable Fuels) | | | 34 | | | | 109 | | |
Aerovate Therapeutics, Inc.* (Biotechnology) | | | 12 | | | | 22 | | |
AeroVironment, Inc.* (Aerospace & Defense) | | | 24 | | | | 4,285 | | |
AerSale Corp.* (Aerospace & Defense) | | | 32 | | | | 216 | | |
Aeva Technologies, Inc.* (Electronic
Equipment, Instruments & Components) | | | 21 | | | | 76 | | |
AFC Gamma, Inc. (Mortgage REITs) | | | 16 | | | | 144 | | |
AG Mortgage Investment Trust, Inc.
(Mortgage REITs) | | | 27 | | | | 208 | | |
Agenus, Inc.* (Biotechnology) | | | 19 | | | | 115 | | |
agilon health, Inc.* (Health Care Providers &
Services) | | | 290 | | | | 1,998 | | |
Agilysys, Inc.* (Software) | | | 21 | | | | 2,354 | | |
Agios Pharmaceuticals, Inc.* (Biotechnology) | | | 53 | | | | 2,459 | | |
Air Transport Services Group, Inc.* (Air
Freight & Logistics) | | | 49 | | | | 791 | | |
AirSculpt Technologies, Inc.* (Health Care
Providers & Services) | | | 12 | | | | 60 | | |
Airship AI Holdings, Inc.* (Software) | | | 2 | | | | 8 | | |
Akebia Therapeutics, Inc.* (Biotechnology) | | | 195 | | | | 269 | | |
Akero Therapeutics, Inc.* (Biotechnology) | | | 64 | | | | 1,711 | | |
Akoya Biosciences, Inc.* (Life Sciences
Tools & Services) | | | 24 | | | | 59 | | |
Alamo Group, Inc. (Machinery) | | | 10 | | | | 1,927 | | |
Alarm.com Holdings, Inc.* (Software) | | | 45 | | | | 3,175 | | |
Albany International Corp. (Machinery) | | | 30 | | | | 2,807 | | |
Aldeyra Therapeutics, Inc.* (Biotechnology) | | | 46 | | | | 181 | | |
Alector, Inc.* (Biotechnology) | | | 76 | | | | 456 | | |
Alerus Financial Corp. (Financial Services) | | | 17 | | | | 382 | | |
Alexander & Baldwin, Inc. (Diversified REITs) | | | 69 | | | | 1,360 | | |
Alexander's, Inc. (Retail REITs) | | | 2 | | | | 485 | | |
Alico, Inc. (Food Products) | | | 6 | | | | 177 | | |
Alight, Inc.*—Class A (Professional Services) | | | 448 | | | | 3,391 | | |
Alignment Healthcare, Inc.* (Health Care
Providers & Services) | | | 95 | | | | 830 | | |
Alimera Sciences, Inc.* (Pharmaceuticals) | | | 20 | | | | 111 | | |
Alkami Technology, Inc.* (Software) | | | 41 | | | | 1,342 | | |
Alkermes PLC* (Biotechnology) | | | 159 | | | | 4,344 | | |
Allegiant Travel Co. (Passenger Airlines) | | | 14 | | | | 785 | | |
ALLETE, Inc. (Electric Utilities) | | | 55 | | | | 3,548 | | |
Allient, Inc. (Electrical Equipment) | | | 14 | | | | 405 | | |
Allogene Therapeutics, Inc.* (Biotechnology) | | | 98 | | | | 288 | | |
Alpha & Omega Semiconductor, Ltd.*
(Semiconductors & Semiconductor
Equipment) | | | 22 | | | | 911 | | |
Alpha Metallurgical Resources, Inc.
(Metals & Mining) | | | 10 | | | | 2,954 | | |
Alphatec Holdings, Inc.* (Health Care
Equipment & Supplies) | | | 96 | | | | 970 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Small-Cap ProFund :: 89
Common Stocks, continued
| | | Shares | | Value | |
Alpine Income Property Trust, Inc. (Diversified
REITs) | | | 12 | | | $ | 208 | | |
Alta Equipment Group, Inc. (Trading
Companies & Distributors) | | | 25 | | | | 263 | | |
Altair Engineering, Inc.*—Class A (Software) | | | 54 | | | | 4,771 | | |
AlTi Global, Inc.* (Capital Markets) | | | 31 | | | | 152 | | |
Altimmune, Inc.* (Biotechnology) | | | 67 | | | | 426 | | |
Alto Neuroscience, Inc.* (Pharmaceuticals) | | | 8 | | | | 86 | | |
Altus Power, Inc.* (Independent Power and
Renewable Electricity Producers) | | | 71 | | | | 298 | | |
ALX Oncology Holdings, Inc.* (Biotechnology) | | | 32 | | | | 154 | | |
Amalgamated Financial Corp. (Banks) | | | 17 | | | | 541 | | |
A-Mark Precious Metals, Inc. (Financial
Services) | | | 16 | | | | 615 | | |
Ambac Financial Group, Inc.* (Insurance) | | | 41 | | | | 541 | | |
Ambarella, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 36 | | | | 1,895 | | |
AMC Entertainment Holdings, Inc.*
(Entertainment) | | | 262 | | | | 1,391 | | |
AMC Networks, Inc.*—Class A (Media) | | | 30 | | | | 334 | | |
Amerant Bancorp, Inc. (Banks) | | | 28 | | | | 630 | | |
Ameresco, Inc.*—Class A (Construction &
Engineering) | | | 31 | | | | 979 | | |
American Assets Trust, Inc. (Diversified
REITs) | | | 45 | | | | 1,193 | | |
American Axle & Manufacturing Holdings,
Inc.* (Automobile Components) | | | 108 | | | | 802 | | |
American Coastal Insurance Corp.*
(Insurance) | | | 23 | | | | 281 | | |
American Eagle Outfitters, Inc. (Specialty
Retail) | | | 172 | | | | 3,793 | | |
American Healthcare REIT, Inc. (Health
Care REITs) | | | 61 | | | | 972 | | |
American Public Education, Inc.*
(Diversified Consumer Services) | | | 14 | | | | 279 | | |
American Realty Investors, Inc.* (Real
Estate Management & Development) | | | 2 | | | | 42 | | |
American Software, Inc.—Class A (Software) | | | 30 | | | | 328 | | |
American States Water Co. (Water Utilities) | | | 35 | | | | 2,889 | | |
American Superconductor Corp.*
(Electrical Equipment) | | | 32 | | | | 773 | | |
American Vanguard Corp. (Chemicals) | | | 23 | | | | 221 | | |
American Woodmark Corp.* (Building
Products) | | | 15 | | | | 1,532 | | |
America's Car-Mart, Inc.* (Specialty Retail) | | | 5 | | | | 346 | | |
Ameris Bancorp (Banks) | | | 62 | | | | 3,775 | | |
AMERISAFE, Inc. (Insurance) | | | 18 | | | | 855 | | |
Ames National Corp. (Banks) | | | 8 | | | | 175 | | |
Amicus Therapeutics, Inc.* (Biotechnology) | | | 277 | | | | 2,856 | | |
AMMO, Inc.* (Leisure Products) | | | 84 | | | | 153 | | |
AMN Healthcare Services, Inc.* (Health
Care Providers & Services) | | | 36 | | | | 2,434 | | |
Amneal Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 150 | | | | 1,100 | | |
Amphastar Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 36 | | | | 1,567 | | |
Amplify Energy Corp.* (Oil, Gas &
Consumable Fuels) | | | 37 | | | | 278 | | |
Amplitude, Inc.*—Class A (Software) | | | 72 | | | | 616 | | |
Amprius Technologies, Inc.* (Electrical
Equipment) | | | 13 | | | | 16 | | |
Common Stocks, continued
| | | Shares | | Value | |
AnaptysBio, Inc.* (Biotechnology) | | | 18 | | | $ | 627 | | |
Anavex Life Sciences Corp.*(a) (Biotechnology) | | | 68 | | | | 462 | | |
Angel Oak Mortgage REIT, Inc. (Mortgage
REITs) | | | 11 | | | | 139 | | |
AngioDynamics, Inc.* (Health Care
Equipment & Supplies) | | | 36 | | | | 282 | | |
ANI Pharmaceuticals, Inc.* (Pharmaceuticals) | | | 17 | | | | 1,117 | | |
Anika Therapeutics, Inc.* (Biotechnology) | | | 14 | | | | 382 | | |
Annexon, Inc.* (Biotechnology) | | | 79 | | | | 506 | | |
Anterix, Inc.* (Diversified Telecommunication
Services) | | | 12 | | | | 483 | | |
Anywhere Real Estate, Inc.* (Real Estate
Management & Development) | | | 92 | | | | 434 | | |
Apartment Investment and Management Co.*
(Residential REITs) | | | 134 | | | | 1,187 | | |
Apogee Enterprises, Inc. (Building Products) | | | 21 | | | | 1,441 | | |
Apogee Therapeutics, Inc.* (Biotechnology) | | | 34 | | | | 1,656 | | |
Apollo Commercial Real Estate Finance, Inc.
(Mortgage REITs) | | | 134 | | | | 1,461 | | |
Appian Corp.*—Class A (Software) | | | 38 | | | | 1,404 | | |
Apple Hospitality REIT, Inc. (Hotel & Resort
REITs) | | | 215 | | | | 3,180 | | |
Applied Digital Corp.*(a) (IT Services) | | | 93 | | | | 452 | | |
Applied Industrial Technologies, Inc.
(Trading Companies & Distributors) | | | 36 | | | | 7,855 | | |
Applied Optoelectronics, Inc.*
(Communications Equipment) | | | 35 | | | | 334 | | |
Applied Therapeutics, Inc.* (Biotechnology) | | | 90 | | | | 535 | | |
Aquestive Therapeutics, Inc.*
(Pharmaceuticals) | | | 70 | | | | 269 | | |
Arbor Realty Trust, Inc.(a) (Mortgage REITs) | | | 174 | | | | 2,349 | | |
Arbutus Biopharma Corp.*
(Biotechnology) | | | 131 | | | | 494 | | |
Arcadium Lithium PLC* (Chemicals) | | | 1,021 | | | | 3,247 | | |
ArcBest Corp. (Ground Transportation) | | | 23 | | | | 2,899 | | |
Arcellx, Inc.* (Biotechnology) | | | 41 | | | | 2,534 | | |
Arch Resources, Inc. (Metals & Mining) | | | 16 | | | | 2,345 | | |
Archer Aviation, Inc.*(a)—Class A
(Aerospace & Defense) | | | 220 | | | | 917 | | |
Archrock, Inc. (Energy Equipment & Services) | | | 145 | | | | 3,006 | | |
Arcosa, Inc. (Construction & Engineering) | | | 46 | | | | 4,274 | | |
Arcturus Therapeutics Holdings, Inc.*
(Biotechnology) | | | 22 | | | | 516 | | |
Arcus Biosciences, Inc.* (Biotechnology) | | | 51 | | | | 837 | | |
Arcutis Biotherapeutics, Inc.* (Biotechnology) | | | 100 | | | | 1,007 | | |
Ardagh Metal Packaging SA (Containers &
Packaging) | | | 136 | | | | 500 | | |
Ardelyx, Inc.* (Biotechnology) | | | 219 | | | | 1,215 | | |
Ardmore Shipping Corp. (Oil, Gas &
Consumable Fuels) | | | 39 | | | | 846 | | |
Ares Commercial Real Estate Corp.
(Mortgage REITs) | | | 50 | | | | 387 | | |
Argan, Inc. (Construction & Engineering) | | | 12 | | | | 947 | | |
Arhaus, Inc. (Specialty Retail) | | | 49 | | | | 744 | | |
Aris Water Solutions, Inc.—Class A
(Commercial Services & Supplies) | | | 25 | | | | 443 | | |
Arko Corp. (Specialty Retail) | | | 76 | | | | 498 | | |
Arlo Technologies, Inc.* (Electronic
Equipment, Instruments & Components) | | | 89 | | | | 1,349 | | |
Armada Hoffler Properties, Inc.
(Diversified REITs) | | | 62 | | | | 737 | | |
See accompanying notes to the financial statements.
90 :: Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
ARMOUR Residential REIT, Inc. (Mortgage
REITs) | | | 46 | | | $ | 929 | | |
Arq, Inc.* (Chemicals) | | | 23 | | | | 150 | | |
Array Technologies, Inc.* (Electrical
Equipment) | | | 144 | | | | 1,515 | | |
ArriVent Biopharma, Inc.* (Biotechnology) | | | 9 | | | | 197 | | |
Arrow Financial Corp. (Banks) | | | 15 | | | | 473 | | |
Arrowhead Pharmaceuticals, Inc.*
(Biotechnology) | | | 113 | | | | 3,227 | | |
ARS Pharmaceuticals, Inc.* (Biotechnology) | | | 46 | | | | 500 | | |
Arteris, Inc.* (Software) | | | 26 | | | | 213 | | |
Artisan Partners Asset Management,
Inc.—Class A (Capital Markets) | | | 60 | | | | 2,650 | | |
Artivion, Inc.* (Health Care Equipment &
Supplies) | | | 37 | | | | 1,005 | | |
Arvinas, Inc.* (Pharmaceuticals) | | | 60 | | | | 1,650 | | |
Asana, Inc.*—Class A (Software) | | | 75 | | | | 1,091 | | |
Asbury Automotive Group, Inc.* (Specialty
Retail) | | | 19 | | | | 5,114 | | |
ASGN, Inc.* (Professional Services) | | | 42 | | | | 3,976 | | |
ASP Isotopes, Inc.* (Chemicals) | | | 37 | | | | 98 | | |
Aspen Aerogels, Inc.* (Chemicals) | | | 55 | | | | 1,123 | | |
AssetMark Financial Holdings, Inc.*
(Capital Markets) | | | 22 | | | | 759 | | |
Associated Banc-Corp. (Banks) | | | 142 | | | | 3,263 | | |
AST SpaceMobile, Inc.* (Diversified
Telecommunication Services) | | | 111 | | | | 2,295 | | |
Astec Industries, Inc. (Machinery) | | | 22 | | | | 772 | | |
Astrana Health, Inc.* (Health Care
Providers & Services) | | | 41 | | | | 2,151 | | |
Astria Therapeutics, Inc.* (Biotechnology) | | | 42 | | | | 491 | | |
Astronics Corp.* (Aerospace & Defense) | | | 27 | | | | 622 | | |
Asure Software, Inc.* (Professional Services) | | | 23 | | | | 237 | | |
Atea Pharmaceuticals, Inc.* (Pharmaceuticals) | | | 73 | | | | 279 | | |
Atkore, Inc. (Electrical Equipment) | | | 34 | | | | 4,590 | | |
Atlanta Braves Holdings, Inc.* (Entertainment) | | | 47 | | | | 2,041 | | |
Atlanta Braves Holdings, Inc.* (Entertainment) | | | 10 | | | | 459 | | |
Atlantic Union Bankshares Corp. (Banks) | | | 84 | | | | 3,468 | | |
Atlanticus Holdings Corp.* (Consumer
Finance) | | | 5 | | | | 179 | | |
Atlas Energy Solutions, Inc. (Energy
Equipment & Services) | | | 64 | | | | 1,359 | | |
Atmus Filtration Technologies, Inc.
(Automobile Components) | | | 79 | | | | 2,436 | | |
ATN International, Inc. (Diversified
Telecommunication Services) | | | 10 | | | | 297 | | |
Atossa Therapeutics, Inc.* (Biotechnology) | | | 118 | | | | 159 | | |
AtriCure, Inc.* (Health Care Equipment &
Supplies) | | | 44 | | | | 949 | | |
Atrion Corp. (Health Care Equipment &
Supplies) | | | 1 | | | | 458 | | |
AudioEye, Inc.* (Software) | | | 6 | | | | 150 | | |
Aura Biosciences, Inc.* (Biotechnology) | | | 43 | | | | 439 | | |
Aurinia Pharmaceuticals, Inc.* (Biotechnology) | | | 135 | | | | 794 | | |
Aurora Innovation, Inc.* (Software) | | | 792 | | | | 3,168 | | |
Avadel Pharmaceuticals PLC*
(Pharmaceuticals) | | | 87 | | | | 1,422 | | |
Avanos Medical, Inc.* (Health Care
Equipment & Supplies) | | | 42 | | | | 1,005 | | |
Aveanna Healthcare Holdings, Inc.*
(Health Care Providers & Services) | | | 49 | | | | 206 | | |
Common Stocks, continued
| | | Shares | | Value | |
AvePoint, Inc.* (Software) | | | 120 | | | $ | 1,308 | | |
Aviat Networks, Inc.* (Communications
Equipment) | | | 11 | | | | 341 | | |
Avid Bioservices, Inc.* (Biotechnology) | | | 59 | | | | 616 | | |
Avidity Biosciences, Inc.* (Biotechnology) | | | 96 | | | | 4,376 | | |
AvidXchange Holdings, Inc.* (Financial
Services) | | | 164 | | | | 1,466 | | |
Avient Corp. (Chemicals) | | | 85 | | | | 3,845 | | |
Avista Corp. (Multi-Utilities) | | | 74 | | | | 2,899 | | |
Avita Medical, Inc.* (Biotechnology) | | | 24 | | | | 235 | | |
Axcelis Technologies, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 31 | | | | 3,916 | | |
Axogen, Inc.* (Health Care Equipment &
Supplies) | | | 40 | | | | 351 | | |
Axonics, Inc.* (Health Care Equipment &
Supplies) | | | 48 | | | | 3,287 | | |
Axos Financial, Inc.* (Banks) | | | 51 | | | | 3,724 | | |
Axsome Therapeutics, Inc.* (Pharmaceuticals) | | | 34 | | | | 2,968 | | |
AZZ, Inc. (Building Products) | | | 28 | | | | 2,239 | | |
B Riley Financial, Inc.(a) (Capital Markets) | | | 19 | | | | 365 | | |
B&G Foods, Inc. (Food Products) | | | 73 | | | | 629 | | |
Backblaze, Inc.*—Class A (IT Services) | | | 38 | | | | 252 | | |
Badger Meter, Inc. (Electronic Equipment,
Instruments & Components) | | | 28 | | | | 5,772 | | |
Balchem Corp. (Chemicals) | | | 31 | | | | 5,502 | | |
Bally's Corp.* (Hotels, Restaurants &
Leisure) | | | 23 | | | | 396 | | |
Banc of California, Inc. (Banks) | | | 131 | | | | 1,831 | | |
BancFirst Corp. (Banks) | | | 19 | | | | 2,041 | | |
Banco Latinoamericano de Comercio
Exterior S.A.—Class E (Financial Services) | | | 26 | | | | 841 | | |
Bandwidth, Inc.*—Class A (Diversified
Telecommunication Services) | | | 23 | | | | 525 | | |
Bank First Corp. (Banks) | | | 9 | | | | 834 | | |
Bank of Hawaii Corp. (Banks) | | | 37 | | | | 2,538 | | |
Bank of Marin Bancorp (Banks) | | | 15 | | | | 305 | | |
Bank7 Corp. (Banks) | | | 4 | | | | 166 | | |
BankUnited, Inc. (Banks) | | | 70 | | | | 2,696 | | |
Bankwell Financial Group, Inc. (Banks) | | | 6 | | | | 169 | | |
Banner Corp. (Banks) | | | 32 | | | | 1,895 | | |
Bar Harbor Bankshares (Banks) | | | 14 | | | | 447 | | |
BARK, Inc.* (Specialty Retail) | | | 124 | | | | 192 | | |
Barnes Group, Inc. (Machinery) | | | 44 | | | | 1,775 | | |
Barrett Business Services, Inc. (Professional
Services) | | | 24 | | | | 875 | | |
BayCom Corp. (Banks) | | | 10 | | | | 241 | | |
BCB Bancorp, Inc. (Banks) | | | 14 | | | | 178 | | |
Beacon Roofing Supply, Inc.* (Trading
Companies & Distributors) | | | 60 | | | | 6,168 | | |
Beam Therapeutics, Inc.* (Biotechnology) | | | 72 | | | | 2,278 | | |
Beazer Homes USA, Inc.* (Household
Durables) | | | 28 | | | | 943 | | |
Bel Fuse, Inc.—Class A (Electronic
Equipment, Instruments & Components) | | | 2 | | | | 188 | | |
Bel Fuse, Inc.—Class B (Electronic
Equipment, Instruments & Components) | | | 10 | | | | 743 | | |
Belden, Inc. (Electronic Equipment,
Instruments & Components) | | | 38 | | | | 3,522 | | |
Benchmark Electronics, Inc. (Electronic
Equipment, Instruments & Components) | | | 33 | | | | 1,580 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Small-Cap ProFund :: 91
Common Stocks, continued
| | | Shares | | Value | |
Berkshire Hills Bancorp, Inc. (Banks) | | | 41 | | | $ | 1,132 | | |
Berry Corp. (Oil, Gas & Consumable Fuels) | | | 72 | | | | 494 | | |
Beyond Meat, Inc.*(a) (Food Products) | | | 56 | | | | 352 | | |
Beyond, Inc.* (Specialty Retail) | | | 43 | | | | 486 | | |
BGC Group, Inc.—Class A (Capital Markets) | | | 348 | | | | 3,205 | | |
BigBear.ai Holdings, Inc.* (IT Services) | | | 95 | | | | 143 | | |
BigCommerce Holdings, Inc.*—Class 1
(IT Services) | | | 67 | | | | 543 | | |
Biglari Holdings, Inc.*—Class B (Hotels,
Restaurants & Leisure) | | | 1 | | | | 201 | | |
BioCryst Pharmaceuticals, Inc.*
(Biotechnology) | | | 195 | | | | 1,420 | | |
Biohaven, Ltd.* (Biotechnology) | | | 70 | | | | 2,753 | | |
BioLife Solutions, Inc.* (Life Sciences
Tools & Services) | | | 33 | | | | 793 | | |
Biomea Fusion, Inc.* (Biotechnology) | | | 26 | | | | 145 | | |
Biote Corp.*—Class A (Pharmaceuticals) | | | 25 | | | | 198 | | |
Bioventus, Inc.*—Class A (Health Care
Equipment & Supplies) | | | 35 | | | | 245 | | |
Bit Digital, Inc.* (Software) | | | 110 | | | | 419 | | |
BJ's Restaurants, Inc.* (Hotels,
Restaurants & Leisure) | | | 18 | | | | 568 | | |
Black Diamond Therapeutics, Inc.*
(Biotechnology) | | | 35 | | | | 213 | | |
Black Hills Corp. (Multi-Utilities) | | | 65 | | | | 3,838 | | |
Blackbaud, Inc.* (Software) | | | 39 | | | | 3,096 | | |
BlackLine, Inc.* (Software) | | | 54 | | | | 2,566 | | |
BlackSky Technology, Inc.* (Professional
Services) | | | 99 | | | | 111 | | |
Blackstone Mortgage Trust, Inc.(a)—Class A
(Mortgage REITs) | | | 164 | | | | 2,927 | | |
Blade Air Mobility, Inc.* (Passenger Airlines) | | | 53 | | | | 175 | | |
Blend Labs, Inc.*—Class A (Software) | | | 217 | | | | 601 | | |
Blink Charging Co.* (Electrical Equipment) | | | 90 | | | | 296 | | |
Bloom Energy Corp.*(a)—Class A
(Electrical Equipment) | | | 188 | | | | 2,546 | | |
Bloomin' Brands, Inc. (Hotels, Restaurants &
Leisure) | | | 75 | | | | 1,564 | | |
Blue Bird Corp.* (Machinery) | | | 31 | | | | 1,616 | | |
Blue Foundry Bancorp* (Banks) | | | 20 | | | | 226 | | |
Bluebird Bio, Inc.* (Biotechnology) | | | 179 | | | | 208 | | |
BlueLinx Holdings, Inc.* (Trading
Companies & Distributors) | | | 8 | | | | 965 | | |
Blueprint Medicines Corp.* (Biotechnology) | | | 60 | | | | 6,498 | | |
Bluerock Homes Trust, Inc. (Residential REITs) | | | — | † | | | 2 | | |
Boise Cascade Co. (Trading Companies &
Distributors) | | | 37 | | | | 5,257 | | |
Boot Barn Holdings, Inc.* (Specialty Retail) | | | 28 | | | | 3,737 | | |
Borr Drilling, Ltd. (Energy Equipment &
Services) | | | 224 | | | | 1,534 | | |
Boston Omaha Corp.*—Class A (Media) | | | 23 | | | | 338 | | |
Boundless Bio, Inc.* (Biotechnology) | | | 6 | | | | 23 | | |
Bowman Consulting Group, Ltd.*
(Construction & Engineering) | | | 13 | | | | 464 | | |
Box, Inc.*—Class A (Software) | | | 133 | | | | 3,740 | | |
Braemar Hotels & Resorts, Inc. (Hotel &
Resort REITs) | | | 61 | | | | 217 | | |
Brandywine Realty Trust (Office REITs) | | | 159 | | | | 801 | | |
Braze, Inc.*—Class A (Software) | | | 50 | | | | 2,203 | | |
BRC, Inc.*—Class A (Food Products) | | | 49 | | | | 280 | | |
Common Stocks, continued
| | | Shares | | Value | |
Bread Financial Holdings, Inc. (Consumer
Finance) | | | 47 | | | $ | 2,565 | | |
Bridgebio Pharma, Inc.* (Biotechnology) | | | 133 | | | | 3,451 | | |
Bridger Aerospace Group Holdings, Inc.*
(Commercial Services & Supplies) | | | 8 | | | | 27 | | |
Bridgewater Bancshares, Inc.* (Banks) | | | 19 | | | | 262 | | |
Brightsphere Investment Group, Inc.
(Capital Markets) | | | 26 | | | | 681 | | |
BrightSpire Capital, Inc. (Mortgage REITs) | | | 122 | | | | 699 | | |
BrightSpring Health Services, Inc.* (Health
Care Providers & Services) | | | 50 | | | | 620 | | |
BrightView Holdings, Inc.* (Commercial
Services & Supplies) | | | 41 | | | | 590 | | |
Brinker International, Inc.* (Hotels,
Restaurants & Leisure) | | | 41 | | | | 2,740 | | |
Bristow Group, Inc.* (Energy Equipment &
Services) | | | 23 | | | | 873 | | |
Broadstone Net Lease, Inc. (Diversified REITs) | | | 178 | | | | 3,099 | | |
Brookdale Senior Living, Inc.* (Health
Care Providers & Services) | | | 180 | | | | 1,391 | | |
Brookfield Business Corp.—Class A
(Industrial Conglomerates) | | | 24 | | | | 541 | | |
Brookfield Infrastructure Corp.—Class A
(Gas Utilities) | | | 113 | | | | 4,396 | | |
Brookline Bancorp, Inc. (Banks) | | | 83 | | | | 871 | | |
BRT Apartments Corp. (Residential REITs) | | | 11 | | | | 206 | | |
Build-A-Bear Workshop, Inc. (Specialty Retail) | | | 12 | | | | 325 | | |
Bumble, Inc.*—Class A (Interactive Media &
Services) | | | 90 | | | | 841 | | |
Burford Capital, Ltd. (Financial Services) | | | 188 | | | | 2,653 | | |
Burke & Herbert Financial Services Corp.
(Banks) | | | 13 | | | | 880 | | |
Business First Bancshares, Inc. (Banks) | | | 23 | | | | 585 | | |
Byline Bancorp, Inc. (Banks) | | | 30 | | | | 842 | | |
Byrna Technologies, Inc.* (Aerospace &
Defense) | | | 16 | | | | 150 | | |
C3.ai, Inc.*—Class A (Software) | | | 78 | | | | 2,087 | | |
C4 Therapeutics, Inc.* (Biotechnology) | | | 55 | | | | 369 | | |
Cabaletta Bio, Inc.* (Biotechnology) | | | 41 | | | | 291 | | |
Cable One, Inc. (Media) | | | 5 | | | | 2,067 | | |
Cabot Corp. (Chemicals) | | | 51 | | | | 5,116 | | |
Cactus, Inc.—Class A (Energy Equipment &
Services) | | | 61 | | | | 3,850 | | |
Cadence Bank (Banks) | | | 171 | | | | 5,621 | | |
Cadiz, Inc.* (Water Utilities) | | | 39 | | | | 145 | | |
Cadre Holdings, Inc. (Aerospace & Defense) | | | 24 | | | | 881 | | |
Caesarstone, Ltd.* (Building Products) | | | 20 | | | | 127 | | |
Calavo Growers, Inc. (Food Products) | | | 15 | | | | 357 | | |
Caledonia Mining Corp. PLC (Metals & Mining) | | | 15 | | | | 176 | | |
Caleres, Inc. (Specialty Retail) | | | 32 | | | | 1,234 | | |
California Resources Corp. (Oil, Gas &
Consumable Fuels) | | | 65 | | | | 3,344 | | |
California Water Service Group (Water
Utilities) | | | 55 | | | | 2,940 | | |
Calix, Inc.* (Communications Equipment) | | | 55 | | | | 2,262 | | |
Cal-Maine Foods, Inc. (Food Products) | | | 39 | | | | 2,790 | | |
Camden National Corp. (Banks) | | | 14 | | | | 584 | | |
Camping World Holdings, Inc.—Class A
(Specialty Retail) | | | 40 | | | | 915 | | |
Candel Therapeutics, Inc.* (Biotechnology) | | | 19 | | | | 113 | | |
Cannae Holdings, Inc. (Financial Services) | | | 53 | | | | 1,066 | | |
See accompanying notes to the financial statements.
92 :: Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Canoo, Inc.*(a) (Automobiles) | | | 55 | | | $ | 111 | | |
Cantaloupe, Inc.* (Financial Services) | | | 55 | | | | 428 | | |
Capital Bancorp, Inc. (Banks) | | | 9 | | | | 229 | | |
Capital City Bank Group, Inc. (Banks) | | | 13 | | | | 462 | | |
Capitol Federal Financial, Inc. (Banks) | | | 117 | | | | 739 | | |
Capricor Therapeutics, Inc.* (Biotechnology) | | | 24 | | | | 97 | | |
Cardiff Oncology, Inc.* (Biotechnology) | | | 36 | | | | 84 | | |
Cardlytics, Inc.* (Media) | | | 38 | | | | 315 | | |
CareDx, Inc.* (Biotechnology) | | | 47 | | | | 940 | | |
CareTrust REIT, Inc. (Health Care REITs) | | | 128 | | | | 3,451 | | |
Cargo Therapeutics, Inc.* (Biotechnology) | | | 19 | | | | 324 | | |
Cargurus, Inc.* (Interactive Media & Services) | | | 83 | | | | 2,060 | | |
Caribou Biosciences, Inc.* (Biotechnology) | | | 77 | | | | 179 | | |
Carpenter Technology Corp. (Metals & Mining) | | | 45 | | | | 6,565 | | |
Carriage Services, Inc. (Diversified
Consumer Services) | | | 13 | | | | 417 | | |
Cars.com, Inc.* (Interactive Media & Services) | | | 62 | | | | 1,278 | | |
Carter Bankshares, Inc.* (Banks) | | | 22 | | | | 358 | | |
Cartesian Therapeutics, Inc.* (Biotechnology) | | | 7 | | | | 114 | | |
Casella Waste Systems, Inc.* (Commercial
Services & Supplies) | | | 54 | | | | 5,591 | | |
Cass Information Systems, Inc. (Financial
Services) | | | 13 | | | | 558 | | |
Cassava Sciences, Inc.*(a) (Pharmaceuticals) | | | 38 | | | | 844 | | |
Castle Biosciences, Inc.* (Health Care
Providers & Services) | | | 24 | | | | 579 | | |
Catalyst Pharmaceuticals, Inc.*
(Biotechnology) | | | 110 | | | | 1,896 | | |
Cathay General Bancorp (Banks) | | | 66 | | | | 2,925 | | |
Cavco Industries, Inc.* (Household Durables) | | | 8 | | | | 3,317 | | |
CBIZ, Inc.* (Professional Services) | | | 45 | | | | 3,123 | | |
CBL & Associates Properties, Inc. (Retail REITs) | | | 22 | | | | 567 | | |
CECO Environmental Corp.* (Commercial
Services & Supplies) | | | 28 | | | | 818 | | |
Celcuity, Inc.* (Biotechnology) | | | 22 | | | | 403 | | |
Celldex Therapeutics, Inc.* (Biotechnology) | | | 61 | | | | 2,325 | | |
Centerspace (Residential REITs) | | | 14 | | | | 978 | | |
Central Garden & Pet Co.* (Household
Products) | | | 9 | | | | 359 | | |
Central Garden & Pet Co.*—Class A
(Household Products) | | | 50 | | | | 1,718 | | |
Central Pacific Financial Corp. (Banks) | | | 25 | | | | 652 | | |
Centrus Energy Corp.*—Class A (Oil, Gas &
Consumable Fuels) | | | 14 | | | | 612 | | |
Centuri Holdings, Inc.* (Construction &
Engineering) | | | 13 | | | | 215 | | |
Century Aluminum Co.* (Metals & Mining) | | | 50 | | | | 756 | | |
Century Communities, Inc. (Household
Durables) | | | 27 | | | | 2,827 | | |
Century Therapeutics, Inc.* (Biotechnology) | | | 43 | | | | 96 | | |
Cerence, Inc.* (Software) | | | 38 | | | | 121 | | |
Cerus Corp.* (Health Care Equipment &
Supplies) | | | 169 | | | | 382 | | |
CervoMed, Inc.* (Biotechnology) | | | 5 | | | | 65 | | |
CEVA, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 22 | | | | 441 | | |
CG Oncology, Inc.* (Biotechnology) | | | 22 | | | | 734 | | |
ChampionX Corp. (Energy Equipment &
Services) | | | 179 | | | | 6,132 | | |
ChargePoint Holdings, Inc.*(a) (Electrical
Equipment) | | | 365 | | | | 792 | | |
Common Stocks, continued
| | | Shares | | Value | |
Chart Industries, Inc.* (Machinery) | | | 40 | | | $ | 6,443 | | |
Chatham Lodging Trust (Hotel & Resort
REITs) | | | 45 | | | | 396 | | |
Chegg, Inc.* (Diversified Consumer Services) | | | 93 | | | | 317 | | |
Chemung Financial Corp. (Banks) | | | 3 | | | | 146 | | |
Chesapeake Utilities Corp. (Gas Utilities) | | | 21 | | | | 2,479 | | |
Chicago Atlantic Real Estate Finance, Inc.
(Mortgage REITs) | | | 16 | | | | 256 | | |
Chimera Investment Corp. (Mortgage REITs) | | | 76 | | | | 1,110 | | |
ChoiceOne Financial Services, Inc. (Banks) | | | 6 | | | | 165 | | |
ChromaDex Corp.* (Life Sciences Tools &
Services) | | | 45 | | | | 135 | | |
Chuy's Holdings, Inc.* (Hotels,
Restaurants & Leisure) | | | 16 | | | | 593 | | |
Cibus, Inc.* (Biotechnology) | | | 14 | | | | 138 | | |
Cimpress PLC* (Commercial Services &
Supplies) | | | 17 | | | | 1,552 | | |
Cinemark Holdings, Inc.* (Entertainment) | | | 104 | | | | 2,452 | | |
Cipher Mining, Inc.* (Software) | | | 162 | | | | 847 | | |
Citi Trends, Inc.* (Specialty Retail) | | | 7 | | | | 137 | | |
Citizens & Northern Corp. (Banks) | | | 14 | | | | 284 | | |
Citizens Financial Services, Inc. (Banks) | | | 5 | | | | 267 | | |
City Holding Co. (Banks) | | | 14 | | | | 1,707 | | |
City Office REIT, Inc. (Office REITs) | | | 37 | | | | 224 | | |
Civista Bancshares, Inc. (Banks) | | | 14 | | | | 251 | | |
Claros Mortgage Trust, Inc. (Mortgage REITs) | | | 81 | | | | 770 | | |
Clarus Corp. (Leisure Products) | | | 29 | | | | 175 | | |
Clean Energy Fuels Corp.* (Oil, Gas &
Consumable Fuels) | | | 160 | | | | 456 | | |
Cleanspark, Inc.* (Software) | | | 209 | | | | 3,344 | | |
Clear Channel Outdoor Holdings, Inc.*
(Media) | | | 328 | | | | 544 | | |
Clear Secure, Inc.—Class A (Software) | | | 83 | | | | 1,772 | | |
Clearfield, Inc.* (Communications Equipment) | | | 12 | | | | 521 | | |
Clearwater Analytics Holdings,
Inc.*—Class A (Software) | | | 132 | | | | 2,581 | | |
Clearwater Paper Corp.* (Paper & Forest
Products) | | | 15 | | | | 832 | | |
Climb Global Solutions, Inc. (Electronic
Equipment, Instruments & Components) | | | 4 | | | | 286 | | |
Clipper Realty, Inc. (Residential REITs) | | | 10 | | | | 39 | | |
CNB Financial Corp. (Banks) | | | 20 | | | | 513 | | |
CNO Financial Group, Inc. (Insurance) | | | 101 | | | | 3,521 | | |
CNX Resources Corp.* (Oil, Gas &
Consumable Fuels) | | | 142 | | | | 3,759 | | |
Coastal Financial Corp.* (Banks) | | | 11 | | | | 580 | | |
Codexis, Inc.* (Life Sciences Tools & Services) | | | 65 | | | | 233 | | |
Coeur Mining, Inc.* (Metals & Mining) | | | 372 | | | | 2,414 | | |
Cogent Biosciences, Inc.* (Biotechnology) | | | 87 | | | | 820 | | |
Cogent Communications Holdings, Inc.
(Diversified Telecommunication Services) | | | 41 | | | | 2,895 | | |
Cohen & Steers, Inc. (Capital Markets) | | | 26 | | | | 2,231 | | |
Coherus Biosciences, Inc.* (Biotechnology) | | | 103 | | | | 159 | | |
Cohu, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 43 | | | | 1,376 | | |
Collegium Pharmaceutical, Inc.*
(Pharmaceuticals) | | | 31 | | | | 1,196 | | |
Colony Bankcorp, Inc. (Banks) | | | 15 | | | | 233 | | |
Columbia Financial, Inc.* (Banks) | | | 26 | | | | 468 | | |
Columbus McKinnon Corp. (Machinery) | | | 27 | | | | 1,030 | | |
Commercial Metals Co. (Metals & Mining) | | | 109 | | | | 6,551 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Small-Cap ProFund :: 93
Common Stocks, continued
| | | Shares | | Value | |
Commercial Vehicle Group, Inc.*
(Machinery) | | | 31 | | | $ | 169 | | |
CommScope Holding Co., Inc.*
(Communications Equipment) | | | 198 | | | | 513 | | |
Community Financial System, Inc. (Banks) | | | 50 | | | | 3,084 | | |
Community Health Systems, Inc.* (Health
Care Providers & Services) | | | 118 | | | | 621 | | |
Community Healthcare Trust, Inc. (Health
Care REITs) | | | 25 | | | | 544 | | |
Community Trust Bancorp, Inc. (Banks) | | | 14 | | | | 710 | | |
Community West Bancshares (Banks) | | | 16 | | | | 332 | | |
CommVault Systems, Inc.* (Software) | | | 41 | | | | 6,266 | | |
Compass Diversified Holdings (Financial
Services) | | | 63 | | | | 1,516 | | |
Compass Minerals International, Inc.
(Metals & Mining) | | | 32 | | | | 426 | | |
Compass Therapeutics, Inc.* (Biotechnology) | | | 95 | | | | 98 | | |
Compass, Inc.*—Class A (Real Estate
Management & Development) | | | 343 | | | | 1,506 | | |
CompoSecure, Inc.—Class A (Technology
Hardware, Storage & Peripherals) | | | 16 | | | | 130 | | |
CompX International, Inc. (Commercial
Services & Supplies) | | | 2 | | | | 51 | | |
Comstock Resources, Inc. (Oil, Gas &
Consumable Fuels) | | | 87 | | | | 824 | | |
Concrete Pumping Holdings, Inc.*
(Construction & Engineering) | | | 23 | | | | 153 | | |
Conduent, Inc.* (Professional Services) | | | 152 | | | | 620 | | |
Conduit Pharmaceuticals, Inc.* (Life
Sciences Tools & Services) | | | 21 | | | | 5 | | |
CONMED Corp. (Health Care Equipment &
Supplies) | | | 29 | | | | 2,002 | | |
ConnectOne Bancorp, Inc. (Banks) | | | 34 | | | | 823 | | |
Consensus Cloud Solutions, Inc.* (Software) | | | 17 | | | | 362 | | |
CONSOL Energy, Inc.* (Oil, Gas &
Consumable Fuels) | | | 28 | | | | 2,795 | | |
Consolidated Communications Holdings,
Inc.* (Diversified Telecommunication
Services) | | | 72 | | | | 331 | | |
Consolidated Water Co., Ltd. (Water Utilities) | | | 14 | | | | 407 | | |
Constellium SE* (Metals & Mining) | | | 122 | | | | 2,173 | | |
Construction Partners, Inc.*—Class A
(Construction & Engineering) | | | 41 | | | | 2,651 | | |
Consumer Portfolio Services, Inc.*
(Consumer Finance) | | | 8 | | | | 76 | | |
Contango ORE, Inc.* (Metals & Mining) | | | 7 | | | | 160 | | |
Contineum Therapeutics, Inc.*—Class A
(Pharmaceuticals) | | | 6 | | | | 120 | | |
Cooper-Standard Holdings, Inc.*
(Automobile Components) | | | 16 | | | | 236 | | |
COPT Defense Properties (Office REITs) | | | 106 | | | | 3,071 | | |
Corbus Pharmaceuticals Holdings, Inc.*
(Biotechnology) | | | 10 | | | | 595 | | |
Corcept Therapeutics, Inc.* (Pharmaceuticals) | | | 77 | | | | 2,977 | | |
Core Laboratories, Inc. (Energy Equipment &
Services) | | | 44 | | | | 1,078 | | |
Core Molding Technologies, Inc.* (Chemicals) | | | 7 | | | | 129 | | |
Core Scientific, Inc.* (IT Services) | | | 168 | | | | 1,638 | | |
CoreCivic, Inc.* (Commercial Services &
Supplies) | | | 104 | | | | 1,450 | | |
CorMedix, Inc.* (Pharmaceuticals) | | | 51 | | | | 234 | | |
Common Stocks, continued
| | | Shares | | Value | |
Corsair Gaming, Inc.* (Technology Hardware,
Storage & Peripherals) | | | 42 | | | $ | 345 | | |
CorVel Corp.* (Health Care Providers &
Services) | | | 8 | | | | 2,454 | | |
Costamare, Inc. (Marine Transportation) | | | 41 | | | | 608 | | |
Couchbase, Inc.* (IT Services) | | | 37 | | | | 710 | | |
Coursera, Inc.* (Diversified Consumer
Services) | | | 130 | | | | 1,209 | | |
Covenant Logistics Group, Inc. (Ground
Transportation) | | | 7 | | | | 392 | | |
CPI Card Group, Inc.* (Technology
Hardware, Storage & Peripherals) | | | 5 | | | | 147 | | |
CRA International, Inc. (Professional Services) | | | 6 | | | | 1,049 | | |
Cracker Barrel Old Country Store, Inc.
(Hotels, Restaurants & Leisure) | | | 21 | | | | 962 | | |
Crawford & Co.—Class A (Insurance) | | | 14 | | | | 137 | | |
Credo Technology Group Holding, Ltd.*
(Semiconductors & Semiconductor
Equipment) | | | 120 | | | | 3,330 | | |
Crescent Energy Co.(a)—Class A (Oil, Gas &
Consumable Fuels) | | | 130 | | | | 1,590 | | |
Cricut, Inc.—Class A (Household Durables) | | | 43 | | | | 267 | | |
Crinetics Pharmaceuticals, Inc.*
(Biotechnology) | | | 73 | | | | 3,878 | | |
Critical Metals Corp.* (Metals & Mining) | | | 7 | | | | 71 | | |
Cross Country Healthcare, Inc.* (Health
Care Providers & Services) | | | 32 | | | | 584 | | |
CrossFirst Bankshares, Inc.* (Banks) | | | 42 | | | | 779 | | |
CryoPort, Inc.* (Life Sciences Tools &
Services) | | | 41 | | | | 378 | | |
CS Disco, Inc.* (Software) | | | 28 | | | | 173 | | |
CSG Systems International, Inc. (Professional
Services) | | | 28 | | | | 1,312 | | |
CSW Industrials, Inc. (Building Products) | | | 14 | | | | 4,542 | | |
CTO Realty Growth, Inc. (Diversified REITs) | | | 21 | | | | 421 | | |
CTS Corp. (Electronic Equipment,
Instruments & Components) | | | 29 | | | | 1,418 | | |
Cullinan Therapeutics, Inc.* (Biotechnology) | | | 36 | | | | 697 | | |
Cushman & Wakefield PLC* (Real Estate
Management & Development) | | | 216 | | | | 2,832 | | |
Custom Truck One Source, Inc.* (Trading
Companies & Distributors) | | | 48 | | | | 240 | | |
Customers Bancorp, Inc.* (Banks) | | | 28 | | | | 1,805 | | |
CVB Financial Corp. (Banks) | | | 124 | | | | 2,363 | | |
CVR Energy, Inc. (Oil, Gas & Consumable
Fuels) | | | 32 | | | | 915 | | |
CVRx, Inc.* (Health Care Equipment &
Supplies) | | | 13 | | | | 111 | | |
Cytek Biosciences, Inc.* (Life Sciences
Tools & Services) | | | 114 | | | | 765 | | |
Cytokinetics, Inc.* (Biotechnology) | | | 106 | | | | 6,255 | | |
Daily Journal Corp.* (Media) | | | 1 | | | | 466 | | |
Dakota Gold Corp.* (Metals & Mining) | | | 61 | | | | 145 | | |
Daktronics, Inc.* (Electronic Equipment,
Instruments & Components) | | | 35 | | | | 524 | | |
Dana, Inc. (Automobile Components) | | | 124 | | | | 1,576 | | |
Dave & Buster's Entertainment, Inc.*
(Hotels, Restaurants & Leisure) | | | 31 | | | | 1,166 | | |
Dave, Inc.* (Software) | | | 7 | | | | 255 | | |
Day One Biopharmaceuticals, Inc.*
(Biotechnology) | | | 49 | | | | 701 | | |
See accompanying notes to the financial statements.
94 :: Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Definitive Healthcare Corp.* (Health Care
Technology) | | | 50 | | | $ | 195 | | |
Delek US Holdings, Inc. (Oil, Gas &
Consumable Fuels) | | | 60 | | | | 1,427 | | |
Deluxe Corp. (Commercial Services &
Supplies) | | | 41 | | | | 1,000 | | |
Denali Therapeutics, Inc.* (Biotechnology) | | | 117 | | | | 2,851 | | |
Denny's Corp.* (Hotels, Restaurants &
Leisure) | | | 48 | | | | 353 | | |
Design Therapeutics, Inc.* (Biotechnology) | | | 29 | | | | 148 | | |
Designer Brands, Inc.—Class A (Specialty
Retail) | | | 40 | | | | 326 | | |
Desktop Metal, Inc.*—Class A (Machinery) | | | 3 | | | | 14 | | |
Despegar.com Corp.* (Hotels, Restaurants &
Leisure) | | | 58 | | | | 674 | | |
Destination XL Group, Inc.* (Specialty Retail) | | | 50 | | | | 187 | | |
DHT Holdings, Inc. (Oil, Gas &
Consumable Fuels) | | | 127 | | | | 1,492 | | |
Diamond Hill Investment Group, Inc.
(Capital Markets) | | | 3 | | | | 478 | | |
Diamond Offshore Drilling, Inc.* (Energy
Equipment & Services) | | | 96 | | | | 1,576 | | |
DiamondRock Hospitality Co. (Hotel &
Resort REITs) | | | 198 | | | | 1,630 | | |
Dianthus Therapeutics, Inc.*
(Biotechnology) | | | 23 | | | | 685 | | |
Diebold Nixdorf, Inc.* (Technology
Hardware, Storage & Peripherals) | | | 23 | | | | 1,002 | | |
Digi International, Inc.* (Communications
Equipment) | | | 33 | | | | 901 | | |
Digimarc Corp.* (Software) | | | 14 | | | | 448 | | |
Digital Turbine, Inc.* (Software) | | | 89 | | | | 212 | | |
DigitalBridge Group, Inc. (Real Estate
Management & Development) | | | 150 | | | | 2,120 | | |
DigitalOcean Holdings, Inc.* (IT Services) | | | 62 | | | | 2,054 | | |
Dime Community Bancshares, Inc. (Banks) | | | 33 | | | | 834 | | |
Dine Brands Global, Inc. (Hotels,
Restaurants & Leisure) | | | 14 | | | | 502 | | |
Diodes, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 43 | | | | 3,363 | | |
Disc Medicine, Inc.* (Biotechnology) | | | 15 | | | | 647 | | |
Distribution Solutions Group, Inc.*
(Building Products) | | | 10 | | | | 338 | | |
Diversified Energy Co. PLC (Oil, Gas &
Consumable Fuels) | | | 44 | | | | 724 | | |
Diversified Healthcare Trust (Health Care
REITs) | | | 205 | | | | 685 | | |
DLH Holdings Corp.* (Professional Services) | | | 8 | | | | 93 | | |
DMC Global, Inc.* (Energy Equipment &
Services) | | | 19 | | | | 257 | | |
DNOW, Inc.* (Trading Companies &
Distributors) | | | 102 | | | | 1,567 | | |
DocGo, Inc.* (Health Care Providers &
Services) | | | 95 | | | | 345 | | |
Dole PLC (Food Products) | | | 70 | | | | 1,040 | | |
Domo, Inc.*—Class B (Software) | | | 32 | | | | 268 | | |
Donegal Group, Inc.—Class A (Insurance) | | | 14 | | | | 206 | | |
Donnelley Financial Solutions, Inc.*
(Capital Markets) | | | 24 | | | | 1,620 | | |
Dorian LPG, Ltd. (Oil, Gas & Consumable
Fuels) | | | 32 | | | | 1,308 | | |
Common Stocks, continued
| | | Shares | | Value | |
Dorman Products, Inc.* (Automobile
Components) | | | 24 | | | $ | 2,433 | | |
Douglas Dynamics, Inc. (Machinery) | | | 22 | | | | 636 | | |
Douglas Emmett, Inc. (Office REITs) | | | 152 | | | | 2,446 | | |
Dream Finders Homes, Inc.*—Class A
(Household Durables) | | | 26 | | | | 820 | | |
Drilling Tools International Corp.* (Energy
Equipment & Services) | | | 9 | | | | 51 | | |
Dril-Quip, Inc.* (Energy Equipment &
Services) | | | 32 | | | | 554 | | |
Driven Brands Holdings, Inc.*
(Commercial Services & Supplies) | | | 57 | | | | 766 | | |
Ducommun, Inc.* (Aerospace & Defense) | | | 13 | | | | 834 | | |
D-Wave Quantum, Inc.* (Software) | | | 82 | | | | 82 | | |
DXP Enterprises, Inc.* (Trading
Companies & Distributors) | | | 12 | | | | 657 | | |
Dycom Industries, Inc.* (Construction &
Engineering) | | | 27 | | | | 4,955 | | |
Dynavax Technologies Corp.*
(Biotechnology) | | | 124 | | | | 1,388 | | |
Dyne Therapeutics, Inc.* (Biotechnology) | | | 76 | | | | 3,261 | | |
Dynex Capital, Inc. (Mortgage REITs) | | | 60 | | | | 730 | | |
E2open Parent Holdings, Inc.* (Software) | | | 160 | | | | 747 | | |
Eagle Bancorp, Inc. (Banks) | | | 28 | | | | 603 | | |
Easterly Government Properties, Inc.
(Office REITs) | | | 91 | | | | 1,268 | | |
Eastern Bankshares, Inc. (Banks) | | | 182 | | | | 3,028 | | |
Eastman Kodak Co.* (Technology
Hardware, Storage & Peripherals) | | | 57 | | | | 331 | | |
EchoStar Corp.*—Class A (Diversified
Telecommunication Services) | | | 115 | | | | 2,309 | | |
Ecovyst, Inc.* (Chemicals) | | | 110 | | | | 1,049 | | |
Edgewell Personal Care Co. (Personal Care
Products) | | | 46 | | | | 1,801 | | |
Edgewise Therapeutics, Inc.*
(Pharmaceuticals) | | | 69 | | | | 1,175 | | |
Editas Medicine, Inc.* (Biotechnology) | | | 78 | | | | 422 | | |
eGain Corp.* (Software) | | | 19 | | | | 138 | | |
El Pollo Loco Holdings, Inc.* (Hotels,
Restaurants & Leisure) | | | 25 | | | | 302 | | |
Elevation Oncology, Inc.* (Biotechnology) | | | 49 | | | | 129 | | |
Eliem Therapeutics, Inc.* (Biotechnology) | | | 7 | | | | 58 | | |
Ellington Financial, Inc. (Mortgage REITs) | | | 78 | | | | 990 | | |
Elme Communities (Residential REITs) | | | 83 | | | | 1,366 | | |
Embecta Corp. (Health Care Equipment &
Supplies) | | | 55 | | | | 862 | | |
Emerald Holding, Inc.* (Media) | | | 14 | | | | 79 | | |
Empire Petroleum Corp.* (Oil, Gas &
Consumable Fuels) | | | 13 | | | | 71 | | |
Empire State Realty Trust, Inc. (Diversified
REITs) | | | 126 | | | | 1,357 | | |
Employers Holdings, Inc. (Insurance) | | | 23 | | | | 1,104 | | |
Enact Holdings, Inc. (Financial Services) | | | 28 | | | | 953 | | |
Enanta Pharmaceuticals, Inc.*
(Biotechnology) | | | 19 | | | | 280 | | |
Encore Capital Group, Inc.* (Consumer
Finance) | | | 22 | | | | 1,112 | | |
Encore Energy Corp.* (Oil, Gas &
Consumable Fuels) | | | 167 | | | | 651 | | |
Energizer Holdings, Inc. (Household
Products) | | | 68 | | | | 2,094 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Small-Cap ProFund :: 95
Common Stocks, continued
| | | Shares | | Value | |
Energy Fuels, Inc.* (Oil, Gas &
Consumable Fuels) | | | 152 | | | $ | 865 | | |
Energy Recovery, Inc.* (Machinery) | | | 53 | | | | 773 | | |
Energy Vault Holdings, Inc.* (Electrical
Equipment) | | | 96 | | | | 98 | | |
Enerpac Tool Group Corp. (Machinery) | | | 51 | | | | 2,050 | | |
EnerSys (Electrical Equipment) | | | 38 | | | | 4,177 | | |
Enfusion, Inc.*—Class A (Software) | | | 46 | | | | 436 | | |
Enhabit, Inc.* (Health Care Providers &
Services) | | | 47 | | | | 481 | | |
Enliven Therapeutics, Inc.* (Pharmaceuticals) | | | 33 | | | | 871 | | |
Ennis, Inc. (Commercial Services & Supplies) | | | 24 | | | | 572 | | |
Enova International, Inc.* (Consumer Finance) | | | 24 | | | | 2,075 | | |
Enovix Corp.* (Electrical Equipment) | | | 140 | | | | 2,017 | | |
Enpro, Inc. (Machinery) | | | 20 | | | | 3,419 | | |
Enstar Group, Ltd.* (Insurance) | | | 12 | | | | 3,893 | | |
Enterprise Bancorp, Inc. (Banks) | | | 9 | | | | 266 | | |
Enterprise Financial Services Corp. (Banks) | | | 35 | | | | 1,850 | | |
Entrada Therapeutics, Inc.* (Biotechnology) | | | 23 | | | | 379 | | |
Entravision Communications Corp.—Class A
(Media) | | | 57 | | | | 125 | | |
Envestnet, Inc.* (Software) | | | 48 | | | | 2,975 | | |
Enviri Corp.* (Commercial Services & Supplies) | | | 75 | | | | 887 | | |
ePlus, Inc.* (Electronic Equipment,
Instruments & Components) | | | 25 | | | | 2,298 | | |
Equity Bancshares, Inc.—Class A (Banks) | | | 14 | | | | 567 | | |
Equity Commonwealth* (Office REITs) | | | 100 | | | | 2,037 | | |
Erasca, Inc.* (Biotechnology) | | | 106 | | | | 334 | | |
Escalade, Inc. (Leisure Products) | | | 9 | | | | 134 | | |
ESCO Technologies, Inc. (Machinery) | | | 24 | | | | 2,951 | | |
Esperion Therapeutics, Inc.* (Pharmaceuticals) | | | 178 | | | | 411 | | |
Esquire Financial Holdings, Inc. (Banks) | | | 6 | | | | 370 | | |
ESSA Bancorp, Inc. (Banks) | | | 8 | | | | 154 | | |
Essent Group, Ltd. (Financial Services) | | | 98 | | | | 6,159 | | |
Essential Properties Realty Trust, Inc.
(Diversified REITs) | | | 165 | | | | 4,883 | | |
Ethan Allen Interiors, Inc. (Household
Durables) | | | 22 | | | | 679 | | |
European Wax Center, Inc.*—Class A
(Diversified Consumer Services) | | | 32 | | | | 300 | | |
Eve Holding, Inc.* (Aerospace & Defense) | | | 17 | | | | 58 | | |
Eventbrite, Inc.*—Class A (Interactive
Media & Services) | | | 78 | | | | 381 | | |
EverCommerce, Inc.* (Software) | | | 20 | | | | 241 | | |
Everi Holdings, Inc.* (Hotels, Restaurants &
Leisure) | | | 75 | | | | 965 | | |
EverQuote, Inc.*—Class A (Interactive
Media & Services) | | | 23 | | | | 600 | | |
Everspin Technologies, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 18 | | | | 112 | | |
EVERTEC, Inc. (Financial Services) | | | 60 | | | | 2,068 | | |
EVgo, Inc.* (Specialty Retail) | | | 94 | | | | 361 | | |
EVI Industries, Inc. (Trading Companies &
Distributors) | | | 5 | | | | 102 | | |
Evolent Health, Inc.*—Class A (Health
Care Technology) | | | 109 | | | | 2,541 | | |
Evolus, Inc.* (Pharmaceuticals) | | | 52 | | | | 646 | | |
Evolution Petroleum Corp. (Oil, Gas &
Consumable Fuels) | | | 29 | | | | 163 | | |
Common Stocks, continued
| | | Shares | | Value | |
Evolv Technologies Holdings, Inc.*
(Electronic Equipment, Instruments &
Components) | | | 123 | | | $ | 427 | | |
Excelerate Energy, Inc.—Class A (Oil, Gas &
Consumable Fuels) | | | 16 | | | | 322 | | |
ExlService Holdings, Inc.* (Professional
Services) | | | 148 | | | | 5,217 | | |
eXp World Holdings, Inc.(a) (Real Estate
Management & Development) | | | 77 | | | | 1,106 | | |
Exponent, Inc. (Professional Services) | | | 48 | | | | 5,092 | | |
Expro Group Holdings N.V.* (Energy
Equipment & Services) | | | 89 | | | | 2,067 | | |
Extreme Networks, Inc.*
(Communications Equipment) | | | 118 | | | | 1,687 | | |
EyePoint Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 47 | | | | 464 | | |
F&G Annuities & Life, Inc. (Insurance) | | | 17 | | | | 733 | | |
Fabrinet* (Electronic Equipment,
Instruments & Components) | | | 34 | | | | 7,500 | | |
Farmers & Merchants Bancorp, Inc. (Banks) | | | 12 | | | | 330 | | |
Farmers National Banc Corp. (Banks) | | | 34 | | | | 531 | | |
Farmland Partners, Inc. (Specialized REITs) | | | 41 | | | | 435 | | |
FARO Technologies, Inc.* (Electronic
Equipment, Instruments & Components) | | | 16 | | | | 274 | | |
Fastly, Inc.*—Class A (IT Services) | | | 122 | | | | 988 | | |
Fate Therapeutics, Inc.* (Biotechnology) | | | 94 | | | | 501 | | |
FB Financial Corp. (Banks) | | | 33 | | | | 1,541 | | |
Federal Agricultural Mortgage
Corp.—Class C (Financial Services) | | | 9 | | | | 1,856 | | |
Federal Signal Corp. (Machinery) | | | 57 | | | | 5,698 | | |
Fennec Pharmaceuticals, Inc.*
(Biotechnology) | | | 23 | | | | 149 | | |
Fibrobiologics, Inc.* (Biotechnology) | | | 24 | | | | 125 | | |
Fidelis Insurance Holdings, Ltd. (Insurance) | | | 45 | | | | 801 | | |
Fidelity D&D Bancorp, Inc. (Banks) | | | 5 | | | | 260 | | |
Figs, Inc.*—Class A (Textiles, Apparel &
Luxury Goods) | | | 123 | | | | 800 | | |
Financial Institutions, Inc. (Banks) | | | 14 | | | | 368 | | |
First Advantage Corp. (Professional Services) | | | 48 | | | | 827 | | |
First Bancorp (Banks) | | | 155 | | | | 3,325 | | |
First Bancorp (Banks) | | | 38 | | | | 1,588 | | |
First Bank/Hamilton NJ (Banks) | | | 20 | | | | 309 | | |
First Busey Corp. (Banks) | | | 50 | | | | 1,372 | | |
First Business Financial Services, Inc. (Banks) | | | 7 | | | | 322 | | |
First Commonwealth Financial Corp. (Banks) | | | 96 | | | | 1,736 | | |
First Community Bankshares, Inc. (Banks) | | | 16 | | | | 716 | | |
First Financial Bancorp (Banks) | | | 89 | | | | 2,435 | | |
First Financial Bankshares, Inc. (Banks) | | | 123 | | | | 4,731 | | |
First Financial Corp. (Banks) | | | 11 | | | | 495 | | |
First Financial Northwest, Inc. (Banks) | | | 6 | | | | 129 | | |
First Foundation, Inc. (Banks) | | | 50 | | | | 350 | | |
First Internet Bancorp (Banks) | | | 7 | | | | 259 | | |
First Interstate BancSystem, Inc.—Class A
(Banks) | | | 74 | | | | 2,336 | | |
First Merchants Corp. (Banks) | | | 55 | | | | 2,219 | | |
First Mid Bancshares, Inc. (Banks) | | | 22 | | | | 845 | | |
First Watch Restaurant Group, Inc.*
(Hotels, Restaurants & Leisure) | | | 29 | | | | 472 | | |
First Western Financial, Inc.* (Banks) | | | 7 | | | | 127 | | |
FirstCash Holdings, Inc. (Consumer Finance) | | | 37 | | | | 4,130 | | |
See accompanying notes to the financial statements.
96 :: Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
FiscalNote Holdings, Inc.* (Professional
Services) | | | 56 | | | $ | 86 | | |
Five Star Bancorp (Banks) | | | 15 | | | | 441 | | |
FLEX LNG, Ltd. (Oil, Gas & Consumable
Fuels) | | | 29 | | | | 780 | | |
Flexsteel Industries, Inc. (Household Durables) | | | 5 | | | | 190 | | |
Fluence Energy, Inc.* (Electrical Equipment) | | | 58 | | | | 950 | | |
Fluor Corp.* (Construction & Engineering) | | | 161 | | | | 7,744 | | |
Flushing Financial Corp. (Banks) | | | 26 | | | | 383 | | |
Flywire Corp.* (Financial Services) | | | 114 | | | | 2,087 | | |
Foghorn Therapeutics, Inc.* (Biotechnology) | | | 23 | | | | 161 | | |
Foot Locker, Inc. (Specialty Retail) | | | 78 | | | | 2,267 | | |
Forafric Global PLC* (Food Products) | | | 5 | | | | 59 | | |
Forestar Group, Inc.* (Real Estate
Management & Development) | | | 18 | | | | 569 | | |
Forge Global Holdings, Inc.* (Capital Markets) | | | 107 | | | | 155 | | |
FormFactor, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 73 | | | | 3,909 | | |
Forrester Research, Inc.* (Professional
Services) | | | 11 | | | | 222 | | |
Forum Energy Technologies, Inc.* (Energy
Equipment & Services) | | | 11 | | | | 203 | | |
Forward Air Corp. (Air Freight & Logistics) | | | 23 | | | | 583 | | |
Four Corners Property Trust, Inc.
(Specialized REITs) | | | 87 | | | | 2,361 | | |
Fox Factory Holding Corp.* (Automobile
Components) | | | 40 | | | | 2,136 | | |
Fractyl Health, Inc.* (Health Care
Equipment & Supplies) | | | 7 | | | | 22 | | |
Franklin BSP Realty Trust, Inc. (Mortgage
REITs) | | | 78 | | | | 1,080 | | |
Franklin Covey Co.* (Professional Services) | | | 11 | | | | 481 | | |
Franklin Electric Co., Inc. (Machinery) | | | 42 | | | | 4,478 | | |
Franklin Street Properties Corp. (Office REITs) | | | 91 | | | | 158 | | |
Fresh Del Monte Produce, Inc. (Food
Products) | | | 32 | | | | 802 | | |
Freshworks, Inc.*—Class A (Software) | | | 192 | | | | 2,400 | | |
Freyr Battery, Inc.* (Electrical Equipment) | | | 105 | | | | 189 | | |
Frontdoor, Inc.* (Diversified Consumer
Services) | | | 74 | | | | 2,920 | | |
Frontier Group Holdings, Inc.* (Passenger
Airlines) | | | 40 | | | | 158 | | |
FRP Holdings, Inc.* (Real Estate
Management & Development) | | | 13 | | | | 391 | | |
FS Bancorp, Inc. (Banks) | | | 6 | | | | 264 | | |
FTAI Aviation, Ltd. (Trading Companies &
Distributors) | | | 94 | | | | 10,476 | | |
FTAI Infrastructure, Inc. (Ground
Transportation) | | | 95 | | | | 979 | | |
fuboTV, Inc.* (Interactive Media & Services) | | | 276 | | | | 403 | | |
FuelCell Energy, Inc.* (Electrical Equipment) | | | 426 | | | | 216 | | |
Fulcrum Therapeutics, Inc.* (Pharmaceuticals) | | | 59 | | | | 548 | | |
Fulgent Genetics, Inc.* (Health Care
Providers & Services) | | | 19 | | | | 455 | | |
Full House Resorts, Inc.* (Hotels,
Restaurants & Leisure) | | | 30 | | | | 169 | | |
Fulton Financial Corp. (Banks) | | | 169 | | | | 3,274 | | |
Funko, Inc.*—Class A (Leisure Products) | | | 29 | | | | 290 | | |
FutureFuel Corp. (Oil, Gas & Consumable
Fuels) | | | 24 | | | | 134 | | |
FVCBankcorp, Inc.* (Banks) | | | 15 | | | | 190 | | |
Common Stocks, continued
| | | Shares | | Value | |
G1 Therapeutics, Inc.* (Biotechnology) | | | 46 | | | $ | 197 | | |
Galectin Therapeutics, Inc.* (Biotechnology) | | | 18 | | | | 45 | | |
Gambling.com Group, Ltd.* (Media) | | | 16 | | | | 154 | | |
Gannett Co., Inc.* (Media) | | | 133 | | | | 653 | | |
GATX Corp. (Trading Companies &
Distributors) | | | 33 | | | | 4,604 | | |
GCM Grosvenor, Inc.—Class A (Capital
Markets) | | | 39 | | | | 434 | | |
GCT Semiconductor Holding, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 7 | | | | 33 | | |
Genco Shipping & Trading, Ltd. (Marine
Transportation) | | | 40 | | | | 776 | | |
Gencor Industries, Inc.* (Machinery) | | | 10 | | | | 246 | | |
GeneDx Holdings Corp.* (Health Care
Providers & Services) | | | 12 | | | | 393 | | |
Generation Bio Co.* (Biotechnology) | | | 46 | | | | 154 | | |
Genesco, Inc.* (Specialty Retail) | | | 10 | | | | 308 | | |
Genie Energy, Ltd.—Class B (Electric Utilities) | | | 12 | | | | 204 | | |
Gentherm, Inc.* (Automobile Components) | | | 30 | | | | 1,655 | | |
Genworth Financial, Inc.* (Insurance) | | | 411 | | | | 2,782 | | |
Geospace Technologies Corp.* (Energy
Equipment & Services) | | | 12 | | | | 112 | | |
German American Bancorp, Inc. (Banks) | | | 27 | | | | 1,062 | | |
Geron Corp.* (Biotechnology) | | | 543 | | | | 2,574 | | |
Getty Images Holdings, Inc.* (Interactive
Media & Services) | | | 94 | | | | 358 | | |
Getty Realty Corp. (Retail REITs) | | | 47 | | | | 1,392 | | |
Gibraltar Industries, Inc.* (Building Products) | | | 29 | | | | 2,154 | | |
GigaCloud Technology, Inc.*—Class A
(Distributors) | | | 23 | | | | 677 | | |
G-III Apparel Group, Ltd.* (Textiles,
Apparel & Luxury Goods) | | | 38 | | | | 1,048 | | |
Glacier Bancorp, Inc. (Banks) | | | 107 | | | | 4,784 | | |
Gladstone Commercial Corp. (Diversified
REITs) | | | 38 | | | | 572 | | |
Gladstone Land Corp. (Specialized REITs) | | | 32 | | | | 475 | | |
Glaukos Corp.* (Health Care Equipment &
Supplies) | | | 46 | | | | 5,389 | | |
Global Business Travel Group I* (Hotels,
Restaurants & Leisure) | | | 118 | | | | 793 | | |
Global Industrial Co. (Trading Companies &
Distributors) | | | 13 | | | | 453 | | |
Global Medical REIT, Inc. (Health Care REITs) | | | 58 | | | | 554 | | |
Global Net Lease, Inc. (Diversified REITs) | | | 189 | | | | 1,644 | | |
Global Water Resources, Inc. (Water Utilities) | | | 11 | | | | 142 | | |
Globalstar, Inc.* (Diversified
Telecommunication Services) | | | 687 | | | | 831 | | |
GMS, Inc.* (Trading Companies & Distributors) | | | 38 | | | | 3,657 | | |
Gogo, Inc.* (Wireless Telecommunication
Services) | | | 61 | | | | 554 | | |
GoHealth, Inc.*—Class A (Insurance) | | | 5 | | | | 66 | | |
Golar LNG, Ltd. (Oil, Gas & Consumable
Fuels) | | | 93 | | | | 3,246 | | |
Golden Entertainment, Inc. (Hotels,
Restaurants & Leisure) | | | 19 | | | | 635 | | |
Golden Matrix Group, Inc.* (Entertainment) | | | 18 | | | | 40 | | |
Golden Ocean Group, Ltd. (Marine
Transportation) | | | 115 | | | | 1,428 | | |
Goosehead Insurance, Inc.*—Class A
(Insurance) | | | 22 | | | | 1,986 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Small-Cap ProFund :: 97
Common Stocks, continued
| | | Shares | | Value | |
GoPro, Inc.*—Class A (Household
Durables) | | | 117 | | | $ | 178 | | |
GrafTech International, Ltd.* (Electrical
Equipment) | | | 243 | | | | 187 | | |
Graham Corp.* (Machinery) | | | 10 | | | | 328 | | |
Graham Holdings Co.—Class B (Diversified
Consumer Services) | | | 3 | | | | 2,325 | | |
Granite Construction, Inc. (Construction &
Engineering) | | | 41 | | | | 2,807 | | |
Granite Point Mortgage Trust, Inc. (Mortgage
REITs) | | | 47 | | | | 140 | | |
Granite Ridge Resources, Inc. (Oil, Gas &
Consumable Fuels) | | | 50 | | | | 343 | | |
Gray Television, Inc. (Media) | | | 80 | | | | 514 | | |
Great Lakes Dredge & Dock Corp.*
(Construction & Engineering) | | | 62 | | | | 585 | | |
Great Southern Bancorp, Inc. (Banks) | | | 8 | | | | 501 | | |
Green Brick Partners, Inc.* (Household
Durables) | | | 30 | | | | 2,195 | | |
Green Dot Corp.*—Class A (Consumer
Finance) | | | 50 | | | | 478 | | |
Green Plains, Inc.* (Oil, Gas & Consumable
Fuels) | | | 60 | | | | 1,064 | | |
Greene County Bancorp, Inc. (Banks) | | | 6 | | | | 218 | | |
Greenlight Capital Re, Ltd.*—Class A
(Insurance) | | | 26 | | | | 359 | | |
Greenwich Lifesciences, Inc.* (Biotechnology) | | | 5 | | | | 81 | | |
Greif, Inc.—Class A (Containers & Packaging) | | | 23 | | | | 1,534 | | |
Greif, Inc.—Class B (Containers & Packaging) | | | 5 | | | | 353 | | |
Grid Dynamics Holdings, Inc.* (IT Services) | | | 54 | | | | 697 | | |
Griffon Corp. (Building Products) | | | 36 | | | | 2,594 | | |
Grindr, Inc.* (Interactive Media & Services) | | | 23 | | | | 267 | | |
Group 1 Automotive, Inc. (Specialty Retail) | | | 13 | | | | 4,754 | | |
Groupon, Inc.* (Broadline Retail) | | | 22 | | | | 293 | | |
GrowGeneration Corp.* (Specialty Retail) | | | 54 | | | | 125 | | |
Guaranty Bancshares, Inc. (Banks) | | | 7 | | | | 242 | | |
Guardant Health, Inc.* (Health Care
Providers & Services) | | | 111 | | | | 3,899 | | |
Gulfport Energy Corp.* (Oil, Gas &
Consumable Fuels) | | | 13 | | | | 1,914 | | |
Gyre Therapeutics, Inc.* (Biotechnology) | | | 6 | | | | 87 | | |
H&E Equipment Services, Inc. (Trading
Companies & Distributors) | | | 31 | | | | 1,621 | | |
H.B. Fuller Co. (Chemicals) | | | 51 | | | | 4,397 | | |
Haemonetics Corp.* (Health Care
Equipment & Supplies) | | | 47 | | | | 4,232 | | |
Hallador Energy Co.* (Oil, Gas &
Consumable Fuels) | | | 23 | | | | 183 | | |
Halozyme Therapeutics, Inc.*
(Biotechnology) | | | 117 | | | | 6,465 | | |
Hamilton Beach Brands Holding Co.—Class A
(Household Durables) | | | 8 | | | | 156 | | |
Hamilton Insurance Group, Ltd.*—Class B
(Insurance) | | | 15 | | | | 261 | | |
Hamilton Lane, Inc.—Class A (Capital Markets) | | | 36 | | | | 5,196 | | |
Hancock Whitney Corp. (Banks) | | | 82 | | | | 4,488 | | |
Hanesbrands, Inc.* (Textiles, Apparel &
Luxury Goods) | | | 333 | | | | 1,978 | | |
Hanmi Financial Corp. (Banks) | | | 28 | | | | 571 | | |
Hannon Armstrong Sustainable Infrastructure
Capital, Inc. (Mortgage REITs) | | | 106 | | | | 3,474 | | |
Common Stocks, continued
| | | Shares | | Value | |
HarborOne Bancorp, Inc. (Banks) | | | 38 | | | $ | 507 | | |
Harmonic, Inc.* (Communications Equipment) | | | 104 | | | | 1,525 | | |
Harmony Biosciences Holdings, Inc.*
(Pharmaceuticals) | | | 29 | | | | 982 | | |
Harrow, Inc.* (Pharmaceuticals) | | | 29 | | | | 748 | | |
Harvard Bioscience, Inc.* (Life Sciences
Tools & Services) | | | 38 | | | | 122 | | |
Haverty Furniture Cos., Inc. (Specialty Retail) | | | 14 | | | | 410 | | |
Hawaiian Electric Industries, Inc. (Electric
Utilities) | | | 105 | | | | 1,739 | | |
Hawaiian Holdings, Inc.* (Passenger Airlines) | | | 48 | | | | 614 | | |
Hawkins, Inc. (Chemicals) | | | 18 | | | | 1,870 | | |
Haynes International, Inc. (Metals & Mining) | | | 12 | | | | 715 | | |
HBT Financial, Inc. (Banks) | | | 12 | | | | 276 | | |
HCI Group, Inc. (Insurance) | | | 7 | | | | 660 | | |
Health Catalyst, Inc.* (Health Care Technology) | | | 55 | | | | 405 | | |
Healthcare Services Group, Inc.*
(Commercial Services & Supplies) | | | 69 | | | | 789 | | |
HealthEquity, Inc.* (Health Care Providers &
Services) | | | 79 | | | | 6,199 | | |
HealthStream, Inc. (Health Care Technology) | | | 23 | | | | 683 | | |
Heartland Express, Inc. (Ground
Transportation) | | | 44 | | | | 571 | | |
Heartland Financial USA, Inc. (Banks) | | | 40 | | | | 2,181 | | |
Hecla Mining Co. (Metals & Mining) | | | 545 | | | | 3,150 | | |
Heidrick & Struggles International, Inc.
(Professional Services) | | | 19 | | | | 763 | | |
Helen of Troy, Ltd.* (Household Durables) | | | 23 | | | | 1,360 | | |
Helios Technologies, Inc. (Machinery) | | | 32 | | | | 1,470 | | |
Helix Energy Solutions Group, Inc.*
(Energy Equipment & Services) | | | 136 | | | | 1,605 | | |
Helmerich & Payne, Inc. (Energy Equipment &
Services) | | | 91 | | | | 3,678 | | |
Herbalife, Ltd.* (Personal Care Products) | | | 94 | | | | 1,154 | | |
Herc Holdings, Inc. (Trading Companies &
Distributors) | | | 26 | | | | 4,052 | | |
Heritage Commerce Corp. (Banks) | | | 56 | | | | 580 | | |
Heritage Financial Corp. (Banks) | | | 32 | | | | 741 | | |
Heritage Insurance Holdings, Inc.* (Insurance) | | | 22 | | | | 176 | | |
Heron Therapeutics, Inc.* (Biotechnology) | | | 111 | | | | 330 | | |
Hertz Global Holdings, Inc.* (Ground
Transportation) | | | 115 | | | | 469 | | |
HF Foods Group, Inc.* (Consumer Staples
Distribution & Retail) | | | 37 | | | | 148 | | |
HighPeak Energy, Inc. (Oil, Gas &
Consumable Fuels) | | | 14 | | | | 235 | | |
Hillenbrand, Inc. (Machinery) | | | 66 | | | | 2,919 | | |
HilleVax, Inc.* (Biotechnology) | | | 30 | | | | 55 | | |
Hillman Solutions Corp.* (Machinery) | | | 185 | | | | 1,878 | | |
Hilltop Holdings, Inc. (Banks) | | | 44 | | | | 1,452 | | |
Hilton Grand Vacations, Inc.* (Hotels,
Restaurants & Leisure) | | | 69 | | | | 2,982 | | |
Himalaya Shipping, Ltd. (Marine
Transportation) | | | 28 | | | | 227 | | |
Hims & Hers Health, Inc.* (Health Care
Providers & Services) | | | 179 | | | | 3,802 | | |
Hingham Institution For Savings The (Banks) | | | 2 | | | | 497 | | |
Hippo Holdings, Inc.* (Insurance) | | | 19 | | | | 337 | | |
HireQuest, Inc. (Professional Services) | | | 5 | | | | 67 | | |
HNI Corp. (Commercial Services & Supplies) | | | 44 | | | | 2,417 | | |
Holley, Inc.* (Automobile Components) | | | 44 | | | | 173 | | |
See accompanying notes to the financial statements.
98 :: Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Home Bancorp, Inc. (Banks) | | | 6 | | | $ | 265 | | |
Home BancShares, Inc. (Banks) | | | 178 | | | | 5,043 | | |
HomeStreet, Inc. (Banks) | | | 17 | | | | 245 | | |
HomeTrust Bancshares, Inc. (Banks) | | | 14 | | | | 497 | | |
Hooker Furnishings Corp. (Household
Durables) | | | 10 | | | | 153 | | |
Hope Bancorp, Inc. (Banks) | | | 109 | | | | 1,434 | | |
Horace Mann Educators Corp. (Insurance) | | | 39 | | | | 1,348 | | |
Horizon Bancorp, Inc. (Banks) | | | 41 | | | | 655 | | |
Hovnanian Enterprises, Inc.*—Class A
(Household Durables) | | | 5 | | | | 1,049 | | |
Hub Group, Inc.—Class A (Air Freight &
Logistics) | | | 58 | | | | 2,713 | | |
Hudson Pacific Properties, Inc. (Office REITs) | | | 129 | | | | 773 | | |
Hudson Technologies, Inc.* (Trading
Companies & Distributors) | | | 41 | | | | 351 | | |
Humacyte, Inc.* (Biotechnology) | | | 83 | | | | 785 | | |
Huron Consulting Group, Inc.* (Professional
Services) | | | 17 | | | | 1,870 | | |
Hut 8 Corp.* (Software) | | | 76 | | | | 1,113 | | |
Hyliion Holdings Corp.* (Machinery) | | | 132 | | | | 293 | | |
Hyster-Yale, Inc. (Machinery) | | | 11 | | | | 899 | | |
I3 Verticals, Inc.*—Class A (Financial Services) | | | 22 | | | | 539 | | |
i-80 Gold Corp.* (Metals & Mining) | | | 243 | | | | 255 | | |
IBEX Holdings, Ltd.* (Professional Services) | | | 8 | | | | 140 | | |
Ibotta, Inc.*—Class A (Media) | | | 7 | | | | 471 | | |
ICF International, Inc. (Professional Services) | | | 18 | | | | 2,648 | | |
Ichor Holdings, Ltd.* (Semiconductors &
Semiconductor Equipment) | | | 31 | | | | 1,054 | | |
ICU Medical, Inc.* (Health Care Equipment &
Supplies) | | | 20 | | | | 2,540 | | |
Ideaya Biosciences, Inc.* (Biotechnology) | | | 77 | | | | 3,315 | | |
IDT Corp.—Class B (Diversified
Telecommunication Services) | | | 14 | | | | 535 | | |
IES Holdings, Inc.* (Construction &
Engineering) | | | 8 | | | | 1,232 | | |
IGM Biosciences, Inc.*(a) (Biotechnology) | | | 14 | | | | 156 | | |
iHeartMedia, Inc.*—Class A (Media) | | | 96 | | | | 171 | | |
iLearningEngines Holdings, Inc.* (Software) | | | 28 | | | | 232 | | |
IMAX Corp.* (Entertainment) | | | 41 | | | | 865 | | |
Immersion Corp. (Technology Hardware,
Storage & Peripherals) | | | 29 | | | | 370 | | |
ImmunityBio, Inc.*(a) (Biotechnology) | | | 133 | | | | 685 | | |
Immunome, Inc.* (Biotechnology) | | | 49 | | | | 755 | | |
Immunovant, Inc.* (Biotechnology) | | | 55 | | | | 1,599 | | |
Impinj, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 22 | | | | 3,504 | | |
Inari Medical, Inc.* (Health Care
Equipment & Supplies) | | | 50 | | | | 2,328 | | |
Independence Realty Trust, Inc. (Residential
REITs) | | | 213 | | | | 3,973 | | |
Independent Bank Corp. (Banks) | | | 40 | | | | 2,566 | | |
Independent Bank Corp. (Banks) | | | 19 | | | | 659 | | |
Independent Bank Group, Inc. (Banks) | | | 34 | | | | 2,008 | | |
indie Semiconductor, Inc.*—Class A
(Semiconductors & Semiconductor
Equipment) | | | 154 | | | | 921 | | |
Industrial Logistics Properties Trust (Industrial
REITs) | | | 61 | | | | 314 | | |
Infinera Corp.* (Communications Equipment) | | | 188 | | | | 1,117 | | |
Information Services Group, Inc. (IT Services) | | | 33 | | | | 115 | | |
Common Stocks, continued
| | | Shares | | Value | |
InfuSystem Holdings, Inc.* (Health Care
Providers & Services) | | | 19 | | | $ | 131 | | |
Ingevity Corp.* (Chemicals) | | | 34 | | | | 1,560 | | |
Ingles Markets, Inc.—Class A (Consumer
Staples Distribution & Retail) | | | 14 | | | | 1,135 | | |
Inhibrx Biosciences, Inc.* (Biotechnology) | | | 10 | | | | 145 | | |
Inmode, Ltd.* (Health Care Equipment &
Supplies) | | | 75 | | | | 1,359 | | |
Inmune Bio, Inc.* (Biotechnology) | | | 12 | | | | 103 | | |
Innodata, Inc.* (Professional Services) | | | 25 | | | | 484 | | |
Innospec, Inc. (Chemicals) | | | 23 | | | | 3,016 | | |
Innovage Holding Corp.* (Health Care
Providers & Services) | | | 18 | | | | 113 | | |
Innovative Industrial Properties, Inc.
(Industrial REITs) | | | 26 | | | | 3,193 | | |
Innovid Corp.* (Media) | | | 99 | | | | 210 | | |
Innoviva, Inc.* (Pharmaceuticals) | | | 52 | | | | 980 | | |
Inogen, Inc.* (Health Care Equipment &
Supplies) | | | 23 | | | | 213 | | |
Inovio Pharmaceuticals, Inc.*
(Biotechnology) | | | 24 | | | | 256 | | |
Inozyme Pharma, Inc.* (Biotechnology) | | | 48 | | | | 278 | | |
Insight Enterprises, Inc.* (Electronic
Equipment, Instruments & Components) | | | 26 | | | | 5,837 | | |
Insmed, Inc.* (Biotechnology) | | | 146 | | | | 10,623 | | |
Insperity, Inc. (Professional Services) | | | 34 | | | | 3,492 | | |
Inspired Entertainment, Inc.* (Hotels,
Restaurants & Leisure) | | | 21 | | | | 194 | | |
Installed Building Products, Inc. (Household
Durables) | | | 23 | | | | 6,218 | | |
Insteel Industries, Inc. (Building Products) | | | 18 | | | | 617 | | |
Instructure Holdings, Inc.* (Software) | | | 21 | | | | 491 | | |
Intapp, Inc.* (Software) | | | 37 | | | | 1,326 | | |
Integer Holdings Corp.* (Health Care
Equipment & Supplies) | | | 32 | | | | 3,800 | | |
Integra LifeSciences Holdings Corp.*
(Health Care Equipment & Supplies) | | | 65 | | | | 1,613 | | |
Integral Ad Science Holding Corp.* (Media) | | | 69 | | | | 702 | | |
Intellia Therapeutics, Inc.* (Biotechnology) | | | 91 | | | | 2,385 | | |
Inter Parfums, Inc. (Personal Care Products) | | | 17 | | | | 2,393 | | |
InterDigital, Inc. (Software) | | | 23 | | | | 2,823 | | |
Interface, Inc. (Commercial Services &
Supplies) | | | 54 | | | | 933 | | |
International Bancshares Corp. (Banks) | | | 51 | | | | 3,439 | | |
International Game Technology PLC
(Hotels, Restaurants & Leisure) | | | 107 | | | | 2,511 | | |
International Money Express, Inc.*
(Financial Services) | | | 30 | | | | 666 | | |
International Seaways, Inc. (Oil, Gas &
Consumable Fuels) | | | 38 | | | | 2,128 | | |
Intrepid Potash, Inc.* (Chemicals) | | | 10 | | | | 261 | | |
Intuitive Machines, Inc.* (Aerospace &
Defense) | | | 27 | | | | 107 | | |
InvenTrust Properties Corp. (Retail REITs) | | | 64 | | | | 1,803 | | |
Invesco Mortgage Capital, Inc. (Mortgage
REITs) | | | 46 | | | | 418 | | |
Investar Holding Corp. (Banks) | | | 9 | | | | 167 | | |
Investors Title Co. (Insurance) | | | 1 | | | | 213 | | |
Invivyd, Inc.* (Biotechnology) | | | 74 | | | | 93 | | |
IonQ, Inc.*(a) (Technology Hardware,
Storage & Peripherals) | | | 187 | | | | 1,524 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Small-Cap ProFund :: 99
Common Stocks, continued
| | | Shares | | Value | |
Iovance Biotherapeutics, Inc.*
(Biotechnology) | | | 239 | | | $ | 2,086 | | |
iRadimed Corp. (Health Care Equipment &
Supplies) | | | 7 | | | | 327 | | |
iRhythm Technologies, Inc.* (Health Care
Equipment & Supplies) | | | 30 | | | | 2,588 | | |
iRobot Corp.* (Household Durables) | | | 27 | | | | 318 | | |
Ironwood Pharmaceuticals, Inc.*
(Biotechnology) | | | 133 | | | | 908 | | |
Ispire Technology, Inc.* (Tobacco) | | | 18 | | | | 138 | | |
iTeos Therapeutics, Inc.* (Biotechnology) | | | 24 | | | | 422 | | |
Iteris, Inc.* (Electronic Equipment,
Instruments & Components) | | | 39 | | | | 191 | | |
Itron, Inc.* (Electronic Equipment,
Instruments & Components) | | | 43 | | | | 4,448 | | |
Ivanhoe Electric, Inc.* (Metals & Mining) | | | 78 | | | | 774 | | |
J & J Snack Foods Corp. (Food Products) | | | 14 | | | | 2,361 | | |
J Jill, Inc. (Specialty Retail) | | | 5 | | | | 192 | | |
Jack in the Box, Inc. (Hotels, Restaurants &
Leisure) | | | 19 | | | | 1,129 | | |
Jackson Financial, Inc.—Class A (Financial
Services) | | | 72 | | | | 6,341 | | |
JAKKS Pacific, Inc.* (Leisure Products) | | | 7 | | | | 147 | | |
James River Group Holdings, Ltd. (Insurance) | | | 30 | | | | 259 | | |
Jamf Holding Corp.* (Software) | | | 70 | | | | 1,282 | | |
Janus International Group, Inc.* (Building
Products) | | | 133 | | | | 1,918 | | |
Janux Therapeutics, Inc.* (Biotechnology) | | | 26 | | | | 1,056 | | |
Jasper Therapeutics, Inc.* (Biotechnology) | | | 11 | | | | 203 | | |
JBG SMITH Properties (Office REITs) | | | 84 | | | | 1,373 | | |
JELD-WEN Holding, Inc.* (Building Products) | | | 81 | | | | 1,352 | | |
JetBlue Airways Corp.* (Passenger Airlines) | | | 289 | | | | 1,852 | | |
Joby Aviation, Inc.*(a) (Passenger Airlines) | | | 379 | | | | 2,266 | | |
John B Sanfilippo & Son, Inc. (Food Products) | | | 8 | | | | 839 | | |
John Bean Technologies Corp. (Machinery) | | | 30 | | | | 2,951 | | |
John Marshall Bancorp, Inc. (Banks) | | | 12 | | | | 232 | | |
John Wiley & Sons, Inc.—Class A (Media) | | | 34 | | | | 1,624 | | |
Johnson Outdoors, Inc.—Class A (Leisure
Products) | | | 5 | | | | 212 | | |
Kadant, Inc. (Machinery) | | | 11 | | | | 3,866 | | |
Kaiser Aluminum Corp. (Metals & Mining) | | | 15 | | | | 1,180 | | |
Kaltura, Inc.* (Software) | | | 89 | | | | 118 | | |
KalVista Pharmaceuticals, Inc.* (Biotechnology) | | | 36 | | | | 523 | | |
Karat Packaging, Inc. (Trading Companies &
Distributors) | | | 6 | | | | 179 | | |
KB Home (Household Durables) | | | 63 | | | | 5,423 | | |
Kearny Financial Corp. (Banks) | | | 51 | | | | 367 | | |
Kelly Services, Inc.—Class A (Professional
Services) | | | 29 | | | | 682 | | |
Kennametal, Inc. (Machinery) | | | 75 | | | | 1,961 | | |
Kennedy-Wilson Holdings, Inc. (Real
Estate Management & Development) | | | 107 | | | | 1,114 | | |
Keros Therapeutics, Inc.* (Biotechnology) | | | 28 | | | | 1,404 | | |
Kforce, Inc. (Professional Services) | | | 18 | | | | 1,250 | | |
Kimball Electronics, Inc.* (Electronic
Equipment, Instruments & Components) | | | 23 | | | | 545 | | |
Kinetik Holdings, Inc. (Oil, Gas &
Consumable Fuels) | | | 36 | | | | 1,493 | | |
Kingsway Financial Services, Inc.* (Insurance) | | | 12 | | | | 102 | | |
Kiniksa Pharmaceuticals International
PLC* (Biotechnology) | | | 35 | | | | 931 | | |
Common Stocks, continued
| | | Shares | | Value | |
Kite Realty Group Trust (Retail REITs) | | | 205 | | | $ | 5,054 | | |
KKR Real Estate Finance Trust, Inc.
(Mortgage REITs) | | | 55 | | | | 631 | | |
Knife River Corp.* (Construction Materials) | | | 53 | | | | 4,214 | | |
Knowles Corp.* (Electronic Equipment,
Instruments & Components) | | | 83 | | | | 1,516 | | |
Kodiak Gas Services, Inc. (Energy
Equipment & Services) | | | 19 | | | | 548 | | |
Kodiak Sciences, Inc.* (Biotechnology) | | | 30 | | | | 87 | | |
Kontoor Brands, Inc. (Textiles, Apparel &
Luxury Goods) | | | 52 | | | | 3,647 | | |
Koppers Holdings, Inc. (Chemicals) | | | 19 | | | | 773 | | |
Korn Ferry (Professional Services) | | | 49 | | | | 3,612 | | |
Korro Bio, Inc.* (Biotechnology) | | | 5 | | | | 233 | | |
Kosmos Energy, Ltd.* (Oil, Gas &
Consumable Fuels) | | | 441 | | | | 2,439 | | |
Kratos Defense & Security Solutions, Inc.*
(Aerospace & Defense) | | | 140 | | | | 3,156 | | |
Krispy Kreme, Inc. (Hotels, Restaurants &
Leisure) | | | 80 | | | | 850 | | |
Kronos Worldwide, Inc. (Chemicals) | | | 21 | | | | 251 | | |
Krystal Biotech, Inc.* (Biotechnology) | | | 23 | | | | 4,795 | | |
Kulicke & Soffa Industries, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 51 | | | | 2,406 | | |
Kura Oncology, Inc.* (Biotechnology) | | | 69 | | | | 1,436 | | |
Kura Sushi USA, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 5 | | | | 287 | | |
Kymera Therapeutics, Inc.* (Biotechnology) | | | 41 | | | | 1,894 | | |
Kyverna Therapeutics, Inc.* (Biotechnology) | | | 16 | | | | 139 | | |
L B Foster Co.*—Class A (Machinery) | | | 8 | | | | 192 | | |
Ladder Capital Corp. (Mortgage REITs) | | | 107 | | | | 1,284 | | |
Lakeland Financial Corp. (Banks) | | | 23 | | | | 1,576 | | |
Lancaster Colony Corp. (Food Products) | | | 18 | | | | 3,474 | | |
Lands' End, Inc.* (Specialty Retail) | | | 14 | | | | 248 | | |
Landsea Homes Corp.* (Household Durables) | | | 17 | | | | 207 | | |
Lantheus Holdings, Inc.* (Health Care
Equipment & Supplies) | | | 64 | | | | 6,708 | | |
LanzaTech Global, Inc.* (Commercial
Services & Supplies) | | | 105 | | | | 190 | | |
Larimar Therapeutics, Inc.* (Biotechnology) | | | 40 | | | | 336 | | |
Latham Group, Inc.* (Leisure Products) | | | 37 | | | | 135 | | |
Laureate Education, Inc. (Diversified
Consumer Services) | | | 126 | | | | 1,953 | | |
La-Z-Boy, Inc. (Household Durables) | | | 41 | | | | 1,810 | | |
LCI Industries (Automobile Components) | | | 23 | | | | 2,684 | | |
LCNB Corp. (Banks) | | | 12 | | | | 183 | | |
Legacy Housing Corp.* (Household Durables) | | | 11 | | | | 313 | | |
Legalzoom.com, Inc.* (Professional Services) | | | 130 | | | | 868 | | |
LeMaitre Vascular, Inc. (Health Care
Equipment & Supplies) | | | 19 | | | | 1,651 | | |
Lemonade, Inc.*(a) (Insurance) | | | 49 | | | | 883 | | |
LendingClub Corp.* (Consumer Finance) | | | 103 | | | | 1,289 | | |
LendingTree, Inc.* (Consumer Finance) | | | 9 | | | | 479 | | |
LENZ Therapeutics, Inc.* (Biotechnology) | | | 12 | | | | 298 | | |
Leonardo DRS, Inc.* (Aerospace & Defense) | | | 69 | | | | 1,946 | | |
Leslie's, Inc.* (Specialty Retail) | | | 169 | | | | 499 | | |
Lexeo Therapeutics, Inc.* (Biotechnology) | | | 10 | | | | 126 | | |
Lexicon Pharmaceuticals, Inc.*
(Biotechnology) | | | 107 | | | | 241 | | |
LGI Homes, Inc.* (Household Durables) | | | 20 | | | | 2,301 | | |
See accompanying notes to the financial statements.
100 :: Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Liberty Energy, Inc. (Energy Equipment &
Services) | | | 152 | | | $ | 3,671 | | |
Liberty Latin America, Ltd.*—Class A
(Diversified Telecommunication Services) | | | 32 | | | | 335 | | |
Liberty Latin America, Ltd.*—Class C
(Diversified Telecommunication Services) | | | 127 | | | | 1,346 | | |
Life Time Group Holdings, Inc.* (Hotels,
Restaurants & Leisure) | | | 56 | | | | 1,163 | | |
Lifecore Biomedical, Inc.* (Life Sciences
Tools & Services) | | | 20 | | | | 127 | | |
LifeMD, Inc.* (Health Care Technology) | | | 32 | | | | 228 | | |
LifeStance Health Group, Inc.* (Health
Care Providers & Services) | | | 113 | | | | 623 | | |
Lifetime Brands, Inc. (Household Durables) | | | 12 | | | | 104 | | |
Lifeway Foods, Inc.* (Food Products) | | | 5 | | | | 62 | | |
Lifezone Metals, Ltd.* (Metals & Mining) | | | 34 | | | | 268 | | |
Ligand Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 16 | | | | 1,743 | | |
Lightwave Logic, Inc.* (Electronic
Equipment, Instruments & Components) | | | 113 | | | | 391 | | |
Limbach Holdings, Inc.* (Construction &
Engineering) | | | 10 | | | | 637 | | |
Limoneira Co. (Food Products) | | | 15 | | | | 331 | | |
Lincoln Educational Services Corp.*
(Diversified Consumer Services) | | | 24 | | | | 339 | | |
Lindblad Expeditions Holdings, Inc.*
(Hotels, Restaurants & Leisure) | | | 33 | | | | 284 | | |
Lindsay Corp. (Machinery) | | | 10 | | | | 1,260 | | |
Lineage Cell Therapeutics, Inc.*
(Biotechnology) | | | 138 | | | | 142 | | |
LINKBANCORP, Inc. (Banks) | | | 21 | | | | 153 | | |
Lions Gate Entertainment Corp.*—Class A
(Entertainment) | | | 56 | | | | 514 | | |
Lions Gate Entertainment Corp.*—Class B
(Entertainment) | | | 115 | | | | 948 | | |
Liquidia Corp.* (Pharmaceuticals) | | | 54 | | | | 644 | | |
Liquidity Services, Inc.* (Commercial
Services & Supplies) | | | 20 | | | | 449 | | |
LivaNova PLC* (Health Care Equipment &
Supplies) | | | 51 | | | | 2,519 | | |
Live Oak Bancshares, Inc. (Banks) | | | 32 | | | | 1,444 | | |
LiveOne, Inc.* (Entertainment) | | | 63 | | | | 107 | | |
LiveRamp Holdings, Inc.* (Software) | | | 61 | | | | 1,847 | | |
Livewire Group, Inc.* (Automobiles) | | | 17 | | | | 125 | | |
Longboard Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 31 | | | | 1,030 | | |
LSB Industries, Inc.* (Chemicals) | | | 50 | | | | 456 | | |
LSI Industries, Inc. (Electrical Equipment) | | | 26 | | | | 444 | | |
LTC Properties, Inc. (Health Care REITs) | | | 41 | | | | 1,464 | | |
Lumen Technologies, Inc.* (Diversified
Telecommunication Services) | | | 953 | | | | 3,003 | | |
Luminar Technologies, Inc.*(a) (Automobile
Components) | | | 315 | | | | 523 | | |
Luxfer Holdings PLC (Machinery) | | | 25 | | | | 324 | | |
LXP Industrial Trust (Industrial REITs) | | | 274 | | | | 2,822 | | |
Lyell Immunopharma, Inc.* (Biotechnology) | | | 150 | | | | 242 | | |
Lyra Therapeutics, Inc.* (Pharmaceuticals) | | | 45 | | | | 15 | | |
M/I Homes, Inc.* (Household Durables) | | | 25 | | | | 4,171 | | |
MacroGenics, Inc.* (Biotechnology) | | | 57 | | | | 214 | | |
Madison Square Garden Entertainment
Corp.* (Entertainment) | | | 37 | | | | 1,461 | | |
Common Stocks, continued
| | | Shares | | Value | |
Madrigal Pharmaceuticals, Inc.*
(Biotechnology) | | | 16 | | | $ | 4,555 | | |
Magnite, Inc.* (Media) | | | 119 | | | | 1,730 | | |
Magnolia Oil & Gas Corp.—Class A (Oil,
Gas & Consumable Fuels) | | | 163 | | | | 4,440 | | |
Maiden Holdings, Ltd.* (Insurance) | | | 82 | | | | 173 | | |
Malibu Boats, Inc.*—Class A (Leisure
Products) | | | 19 | | | | 723 | | |
Mama's Creations, Inc.* (Food Products) | | | 31 | | | | 236 | | |
Mammoth Energy Services, Inc.* (Energy
Equipment & Services) | | | 22 | | | | 88 | | |
MannKind Corp.* (Biotechnology) | | | 250 | | | | 1,440 | | |
Marathon Digital Holdings, Inc.* (Software) | | | 258 | | | | 5,075 | | |
Maravai LifeSciences Holdings,
Inc.*—Class A (Life Sciences Tools &
Services) | | | 104 | | | | 1,011 | | |
Marcus & Millichap, Inc. (Real Estate
Management & Development) | | | 23 | | | | 911 | | |
Marine Products Corp. (Leisure Products) | | | 8 | | | | 85 | | |
MarineMax, Inc.* (Specialty Retail) | | | 21 | | | | 732 | | |
MarketWise, Inc. (Capital Markets) | | | 35 | | | | 40 | | |
Marqeta, Inc.*—Class A (Financial Services) | | | 439 | | | | 2,366 | | |
Marten Transport, Ltd. (Ground
Transportation) | | | 55 | | | | 1,035 | | |
Masterbrand, Inc.* (Building Products) | | | 119 | | | | 2,148 | | |
MasterCraft Boat Holdings, Inc.* (Leisure
Products) | | | 16 | | | | 350 | | |
Materion Corp. (Metals & Mining) | | | 20 | | | | 2,409 | | |
Mativ Holdings, Inc. (Chemicals) | | | 50 | | | | 955 | | |
Matrix Service Co.* (Construction &
Engineering) | | | 25 | | | | 253 | | |
Matson, Inc. (Marine Transportation) | | | 32 | | | | 4,247 | | |
Matterport, Inc.* (Software) | | | 247 | | | | 1,097 | | |
Matthews International Corp.—Class A
(Commercial Services & Supplies) | | | 28 | | | | 811 | | |
Maui Land & Pineapple Co., Inc.* (Real
Estate Management & Development) | | | 7 | | | | 167 | | |
MaxCyte, Inc.* (Life Sciences Tools &
Services) | | | 98 | | | | 470 | | |
Maximus, Inc. (Professional Services) | | | 58 | | | | 5,387 | | |
MaxLinear, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 75 | | | | 1,061 | | |
Mayville Engineering Co., Inc.* (Machinery) | | | 12 | | | | 229 | | |
MBIA, Inc. (Insurance) | | | 42 | | | | 185 | | |
McGrath RentCorp(a) (Trading Companies &
Distributors) | | | 23 | | | | 2,526 | | |
Medallion Financial Corp. (Consumer Finance) | | | 18 | | | | 149 | | |
MediaAlpha, Inc.*—Class A (Interactive
Media & Services) | | | 23 | | | | 337 | | |
Medifast, Inc. (Personal Care Products) | | | 10 | | | | 219 | | |
MediWound, Ltd.* (Pharmaceuticals) | | | 7 | | | | 135 | | |
MeiraGTx Holdings PLC* (Biotechnology) | | | 37 | | | | 194 | | |
Mercantile Bank Corp. (Banks) | | | 14 | | | | 677 | | |
Merchants Bancorp (Financial Services) | | | 16 | | | | 720 | | |
Mercury General Corp. (Insurance) | | | 25 | | | | 1,497 | | |
Mercury Systems, Inc.* (Aerospace &
Defense) | | | 51 | | | | 1,813 | | |
MeridianLink, Inc.* (Software) | | | 25 | | | | 591 | | |
Merit Medical Systems, Inc.* (Health Care
Equipment & Supplies) | | | 54 | | | | 4,605 | | |
Meritage Homes Corp. (Household Durables) | | | 34 | | | | 6,897 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Small-Cap ProFund :: 101
Common Stocks, continued
| | | Shares | | Value | |
Mersana Therapeutics, Inc.* (Biotechnology) | | | 106 | | | $ | 212 | | |
Mesa Laboratories, Inc. (Life Sciences
Tools & Services) | | | 5 | | | | 573 | | |
Metagenomi, Inc.* (Biotechnology) | | | 6 | | | | 23 | | |
Metallus, Inc.* (Metals & Mining) | | | 41 | | | | 919 | | |
Metals Acquisition, Ltd.*—Class A (Metals &
Mining) | | | 50 | | | | 645 | | |
Methode Electronics, Inc. (Electronic
Equipment, Instruments & Components) | | | 32 | | | | 405 | | |
Metrocity Bankshares, Inc. (Banks) | | | 17 | | | | 537 | | |
Metropolitan Bank Holding Corp.* (Banks) | | | 10 | | | | 527 | | |
MFA Financial, Inc. (Mortgage REITs) | | | 96 | | | | 1,074 | | |
MGE Energy, Inc. (Electric Utilities) | | | 34 | | | | 2,987 | | |
MGP Ingredients, Inc. (Beverages) | | | 14 | | | | 1,142 | | |
MicroVision, Inc.*(a) (Electronic
Equipment, Instruments & Components) | | | 194 | | | | 208 | | |
Mid Penn Bancorp, Inc. (Banks) | | | 14 | | | | 415 | | |
Middlefield Banc Corp. (Banks) | | | 7 | | | | 189 | | |
Middlesex Water Co. (Water Utilities) | | | 16 | | | | 1,064 | | |
Midland States Bancorp, Inc. (Banks) | | | 20 | | | | 475 | | |
MidWestOne Financial Group, Inc. (Banks) | | | 14 | | | | 410 | | |
Miller Industries, Inc. (Machinery) | | | 11 | | | | 747 | | |
MillerKnoll, Inc. (Commercial Services &
Supplies) | | | 68 | | | | 2,109 | | |
MiMedx Group, Inc.* (Biotechnology) | | | 112 | | | | 834 | | |
Mind Medicine MindMed, Inc.*
(Pharmaceuticals) | | | 68 | | | | 630 | | |
Minerals Technologies, Inc. (Chemicals) | | | 31 | | | | 2,430 | | |
Mineralys Therapeutics, Inc.* (Biotechnology) | | | 27 | | | | 335 | | |
Mirion Technologies, Inc.* (Electronic
Equipment, Instruments & Components) | | | 188 | | | | 1,982 | | |
Mirum Pharmaceuticals, Inc.* (Biotechnology) | | | 37 | | | | 1,500 | | |
Mission Produce, Inc.* (Food Products) | | | 41 | | | | 461 | | |
Mister Car Wash, Inc.* (Diversified
Consumer Services) | | | 88 | | | | 669 | | |
Mistras Group, Inc.* (Professional Services) | | | 20 | | | | 200 | | |
Mitek Systems, Inc.* (Software) | | | 43 | | | | 572 | | |
Modine Manufacturing Co.* (Automobile
Components) | | | 49 | | | | 5,766 | | |
ModivCare, Inc.* (Health Care Providers &
Services) | | | 11 | | | | 251 | | |
Moelis & Co.—Class A (Capital Markets) | | | 67 | | | | 4,555 | | |
Monarch Casino & Resort, Inc. (Hotels,
Restaurants & Leisure) | | | 13 | | | | 1,018 | | |
Mondee Holdings, Inc.* (Hotels,
Restaurants & Leisure) | | | 35 | | | | 105 | | |
Moneylion, Inc.* (Consumer Finance) | | | 8 | | | | 551 | | |
Monro, Inc. (Specialty Retail) | | | 28 | | | | 863 | | |
Montauk Renewables, Inc.* (Independent
Power and Renewable Electricity Producers) | | | 62 | | | | 368 | | |
Monte Rosa Therapeutics, Inc.*
(Biotechnology) | | | 29 | | | | 131 | | |
Montrose Environmental Group, Inc.*
(Commercial Services & Supplies) | | | 30 | | | | 957 | | |
Moog, Inc.—Class A (Aerospace & Defense) | | | 27 | | | | 5,294 | | |
Morphic Holding, Inc.* (Biotechnology) | | | 38 | | | | 2,153 | | |
Movado Group, Inc. (Textiles, Apparel &
Luxury Goods) | | | 14 | | | | 363 | | |
Mr. Cooper Group, Inc.* (Financial Services) | | | 60 | | | | 5,393 | | |
MRC Global, Inc.* (Trading Companies &
Distributors) | | | 79 | | | | 1,144 | | |
Common Stocks, continued
| | | Shares | | Value | |
Mueller Industries, Inc. (Machinery) | | | 106 | | | $ | 7,521 | | |
Mueller Water Products, Inc.—Class A
(Machinery) | | | 146 | | | | 3,019 | | |
Murphy Oil Corp. (Oil, Gas & Consumable
Fuels) | | | 137 | | | | 5,668 | | |
MVB Financial Corp. (Banks) | | | 11 | | | | 253 | | |
Myers Industries, Inc. (Containers &
Packaging) | | | 34 | | | | 507 | | |
MYR Group, Inc.* (Construction &
Engineering) | | | 15 | | | | 2,107 | | |
Myriad Genetics, Inc.* (Biotechnology) | | | 84 | | | | 2,349 | | |
N-able, Inc.* (Software) | | | 68 | | | | 948 | | |
Nabors Industries, Ltd.* (Energy
Equipment & Services) | | | 9 | | | | 925 | | |
NACCO Industries, Inc.—Class A (Oil, Gas &
Consumable Fuels) | | | 4 | | | | 120 | | |
Nano-X Imaging, Ltd.* (Health Care
Equipment & Supplies) | | | 51 | | | | 440 | | |
Napco Security Technologies, Inc. (Electronic
Equipment, Instruments & Components) | | | 33 | | | | 1,842 | | |
Nathan's Famous, Inc. (Hotels,
Restaurants & Leisure) | | | 3 | | | | 225 | | |
National Bank Holdings Corp.—Class A
(Banks) | | | 35 | | | | 1,466 | | |
National Bankshares, Inc. (Banks) | | | 5 | | | | 159 | | |
National Beverage Corp. (Beverages) | | | 23 | | | | 1,122 | | |
National CineMedia, Inc.* (Media) | | | 66 | | | | 399 | | |
National Health Investors, Inc. (Health
Care REITs) | | | 40 | | | | 2,994 | | |
National HealthCare Corp. (Health Care
Providers & Services) | | | 12 | | | | 1,634 | | |
National Presto Industries, Inc. (Aerospace &
Defense) | | | 5 | | | | 382 | | |
National Research Corp. (Health Care
Providers & Services) | | | 14 | | | | 357 | | |
National Vision Holdings, Inc.* (Specialty
Retail) | | | 73 | | | | 1,056 | | |
Natural Gas Services Group, Inc.* (Energy
Equipment & Services) | | | 10 | | | | 204 | | |
Natural Grocers by Vitamin Cottage, Inc.
(Consumer Staples Distribution & Retail) | | | 9 | | | | 246 | | |
Nature's Sunshine Products, Inc.*
(Personal Care Products) | | | 12 | | | | 205 | | |
Nautilus Biotechnology, Inc.* (Life
Sciences Tools & Services) | | | 45 | | | | 122 | | |
Navient Corp. (Consumer Finance) | | | 76 | | | | 1,247 | | |
Navitas Semiconductor Corp.*
(Semiconductors & Semiconductor
Equipment) | | | 119 | | | | 441 | | |
NB Bancorp, Inc.* (Banks) | | | 37 | | | | 707 | | |
NBT Bancorp, Inc. (Banks) | | | 43 | | | | 2,108 | | |
NCR Atleos Corp.* (Financial Services) | | | 68 | | | | 2,186 | | |
NCR Voyix Corp.* (Software) | | | 137 | | | | 2,021 | | |
Nektar Therapeutics* (Pharmaceuticals) | | | 168 | | | | 225 | | |
Nelnet, Inc.—Class A (Consumer Finance) | | | 14 | | | | 1,578 | | |
Neogen Corp.* (Health Care Equipment &
Supplies) | | | 206 | | | | 3,508 | | |
NeoGenomics, Inc.* (Health Care
Providers & Services) | | | 120 | | | | 2,128 | | |
NerdWallet, Inc.*—Class A (Consumer
Finance) | | | 36 | | | | 527 | | |
See accompanying notes to the financial statements.
102 :: Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Nerdy, Inc.* (Diversified Consumer Services) | | | 68 | | | $ | 118 | | |
NET Lease Office Properties* (Office REITs) | | | 14 | | | | 413 | | |
Net Power, Inc.* (Electrical Equipment) | | | 20 | | | | 191 | | |
NETGEAR, Inc.* (Communications Equipment) | | | 27 | | | | 429 | | |
NetScout Systems, Inc.* (Communications
Equipment) | | | 65 | | | | 1,323 | | |
NETSTREIT Corp. (Retail REITs) | | | 69 | | | | 1,136 | | |
Neumora Therapeutics, Inc.*
(Pharmaceuticals) | | | 79 | | | | 1,016 | | |
Neurogene, Inc.* (Biotechnology) | | | 10 | | | | 411 | | |
NeuroPace, Inc.* (Health Care Equipment &
Supplies) | | | 13 | | | | 100 | | |
Nevro Corp.* (Health Care Equipment &
Supplies) | | | 34 | | | | 338 | | |
New Jersey Resources Corp. (Gas Utilities) | | | 93 | | | | 4,348 | | |
New York Community Bancorp, Inc.* (Banks) | | | 238 | | | | 2,504 | | |
New York Mortgage Trust, Inc. (Mortgage
REITs) | | | 86 | | | | 557 | | |
Newmark Group, Inc.—Class A (Real
Estate Management & Development) | | | 129 | | | | 1,674 | | |
Newpark Resources, Inc.* (Energy
Equipment & Services) | | | 78 | | | | 644 | | |
NewtekOne, Inc. (Financial Services) | | | 22 | | | | 308 | | |
NexPoint Diversified Real Estate Trust*
(Diversified REITs) | | | 30 | | | | 190 | | |
Nexpoint Real Estate Finance, Inc. (Mortgage
REITs) | | | 8 | | | | 115 | | |
NexPoint Residential Trust, Inc. (Residential
REITs) | | | 22 | | | | 961 | | |
NextDecade Corp.* (Oil, Gas & Consumable
Fuels) | | | 109 | | | | 884 | | |
Nextdoor Holdings, Inc.* (Interactive
Media & Services) | | | 163 | | | | 463 | | |
NextNav, Inc.* (Software) | | | 70 | | | | 582 | | |
NEXTracker, Inc.*—Class A (Electrical
Equipment) | | | 110 | | | | 5,404 | | |
NI Holdings, Inc.* (Insurance) | | | 7 | | | | 115 | | |
Nicolet Bankshares, Inc. (Banks) | | | 13 | | | | 1,307 | | |
Nkarta, Inc.* (Biotechnology) | | | 50 | | | | 322 | | |
NL Industries, Inc. (Commercial Services &
Supplies) | | | 8 | | | | 51 | | |
nLight, Inc.* (Electronic Equipment,
Instruments & Components) | | | 43 | | | | 519 | | |
NMI Holdings, Inc.* (Financial Services) | | | 75 | | | | 2,951 | | |
NN, Inc.* (Machinery) | | | 43 | | | | 169 | | |
Noble Corp. PLC (Energy Equipment &
Services) | | | 108 | | | | 5,100 | | |
Nordic American Tankers, Ltd. (Oil, Gas &
Consumable Fuels) | | | 192 | | | | 716 | | |
Northeast Bank (Banks) | | | 6 | | | | 436 | | |
Northeast Community Bancorp, Inc. (Banks) | | | 12 | | | | 273 | | |
Northern Oil and Gas, Inc. (Oil, Gas &
Consumable Fuels) | | | 94 | | | | 4,060 | | |
Northern Technologies International Corp.
(Chemicals) | | | 7 | | | | 92 | | |
Northfield Bancorp, Inc. (Banks) | | | 37 | | | | 463 | | |
Northrim Bancorp, Inc. (Banks) | | | 5 | | | | 342 | | |
Northwest Bancshares, Inc. (Banks) | | | 120 | | | | 1,685 | | |
Northwest Natural Holding Co. (Gas Utilities) | | | 36 | | | | 1,439 | | |
Northwest Pipe Co.* (Construction &
Engineering) | | | 9 | | | | 343 | | |
Common Stocks, continued
| | | Shares | | Value | |
Northwestern Energy Group, Inc.
(Multi-Utilities) | | | 58 | | | $ | 3,119 | | |
Norwood Financial Corp. (Banks) | | | 7 | | | | 206 | | |
Novagold Resources, Inc.* (Metals & Mining) | | | 230 | | | | 1,099 | | |
Novanta, Inc.* (Electronic Equipment,
Instruments & Components) | | | 34 | | | | 6,160 | | |
Novavax, Inc.* (Biotechnology) | | | 133 | | | | 1,704 | | |
Novocure, Ltd.* (Health Care Equipment &
Supplies) | | | 100 | | | | 2,277 | | |
Nu Skin Enterprises, Inc.—Class A
(Personal Care Products) | | | 47 | | | | 527 | | |
Nurix Therapeutics, Inc.* (Biotechnology) | | | 57 | | | | 1,247 | | |
NuScale Power Corp.*(a) (Electrical Equipment) | | | 73 | | | | 746 | | |
Nuvalent, Inc.*—Class A (Biotechnology) | | | 30 | | | | 2,398 | | |
Nuvation Bio, Inc.* (Pharmaceuticals) | | | 169 | | | | 647 | | |
NV5 Global, Inc.* (Professional Services) | | | 14 | | | | 1,444 | | |
NVE Corp. (Semiconductors &
Semiconductor Equipment) | | | 5 | | | | 447 | | |
Oak Valley Bancorp (Banks) | | | 6 | | | | 171 | | |
Oceaneering International, Inc.* (Energy
Equipment & Services) | | | 96 | | | | 2,882 | | |
OceanFirst Financial Corp. (Banks) | | | 54 | | | | 981 | | |
Ocugen, Inc.*(a) (Biotechnology) | | | 240 | | | | 337 | | |
Ocular Therapeutix, Inc.* (Pharmaceuticals) | | | 147 | | | | 1,244 | | |
Offerpad Solutions, Inc.* (Real Estate
Management & Development) | | | 10 | | | | 44 | | |
OFG Bancorp (Banks) | | | 44 | | | | 1,998 | | |
O-I Glass, Inc.* (Containers & Packaging) | | | 146 | | | | 1,951 | | |
Oil States International, Inc.* (Energy
Equipment & Services) | | | 58 | | | | 332 | | |
Oil-Dri Corp. of America (Household Products) | | | 5 | | | | 326 | | |
Olaplex Holdings, Inc.* (Personal Care
Products) | | | 130 | | | | 270 | | |
Old National Bancorp (Banks) | | | 297 | | | | 5,947 | | |
Old Second Bancorp, Inc. (Banks) | | | 41 | | | | 694 | | |
Olema Pharmaceuticals, Inc.* (Biotechnology) | | | 38 | | | | 614 | | |
Olo, Inc.*—Class A (Software) | | | 99 | | | | 473 | | |
Olympic Steel, Inc. (Metals & Mining) | | | 11 | | | | 557 | | |
Omega Flex, Inc. (Machinery) | | | 4 | | | | 210 | | |
Omeros Corp.* (Pharmaceuticals) | | | 52 | | | | 280 | | |
OmniAb, Inc.* (Life Sciences Tools & Services) | | | 86 | | | | 412 | | |
Omnicell, Inc.* (Health Care Equipment &
Supplies) | | | 43 | | | | 1,256 | | |
ON24, Inc.* (Software) | | | 26 | | | | 171 | | |
ONE Gas, Inc. (Gas Utilities) | | | 53 | | | | 3,690 | | |
One Liberty Properties, Inc. (Diversified REITs) | | | 15 | | | | 396 | | |
OneSpan, Inc.* (Software) | | | 36 | | | | 533 | | |
OneSpaWorld Holdings, Ltd.* (Diversified
Consumer Services) | | | 95 | | | | 1,529 | | |
OneWater Marine, Inc.* (Specialty Retail) | | | 11 | | | | 271 | | |
Onity Group, Inc.* (Financial Services) | | | 6 | | | | 175 | | |
Ooma, Inc.* (Diversified
Telecommunication Services) | | | 23 | | | | 239 | | |
Open Lending Corp.* (Capital Markets) | | | 96 | | | | 605 | | |
Opendoor Technologies, Inc.* (Real Estate
Management & Development) | | | 583 | | | | 1,353 | | |
OPENLANE, Inc.* (Commercial Services &
Supplies) | | | 101 | | | | 1,806 | | |
OPKO Health, Inc.*(a) (Health Care
Providers & Services) | | | 306 | | | | 435 | | |
OppFi, Inc. (Consumer Finance) | | | 17 | | | | 66 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Small-Cap ProFund :: 103
Common Stocks, continued
| | | Shares | | Value | |
OptimizeRx Corp.* (Health Care Technology) | | | 16 | | | $ | 175 | | |
Option Care Health, Inc.* (Health Care
Providers & Services) | | | 164 | | | | 4,868 | | |
Orange County Bancorp, Inc. (Banks) | | | 5 | | | | 311 | | |
OraSure Technologies, Inc.* (Health Care
Equipment & Supplies) | | | 70 | | | | 314 | | |
Orchestra BioMed Holdings, Inc.* (Health
Care Equipment & Supplies) | | | 22 | | | | 162 | | |
Orchid Island Capital, Inc. (Mortgage REITs) | | | 50 | | | | 402 | | |
Organogenesis Holdings, Inc.*
(Biotechnology) | | | 67 | | | | 202 | | |
ORIC Pharmaceuticals, Inc.* (Biotechnology) | | | 58 | | | | 650 | | |
Origin Bancorp, Inc. (Banks) | | | 28 | | | | 962 | | |
Orion Group Holdings, Inc.* (Construction &
Engineering) | | | 29 | | | | 238 | | |
Orion Office REIT, Inc. (Office REITs) | | | 53 | | | | 215 | | |
Orion SA (Chemicals) | | | 54 | | | | 1,329 | | |
Ormat Technologies, Inc. (Independent
Power and Renewable Electricity Producers) | | | 50 | | | | 3,883 | | |
Orrstown Financial Services, Inc. (Banks) | | | 17 | | | | 598 | | |
Orthofix Medical, Inc.* (Health Care
Equipment & Supplies) | | | 32 | | | | 515 | | |
OrthoPediatrics Corp.* (Health Care
Equipment & Supplies) | | | 15 | | | | 462 | | |
Oscar Health, Inc.*—Class A (Insurance) | | | 183 | | | | 3,235 | | |
OSI Systems, Inc.* (Electronic Equipment,
Instruments & Components) | | | 15 | | | | 2,220 | | |
Otter Tail Corp. (Electric Utilities) | | | 39 | | | | 3,780 | | |
Ouster, Inc.* (Electronic Equipment,
Instruments & Components) | | | 41 | | | | 538 | | |
Outbrain, Inc.* (Interactive Media & Services) | | | 36 | | | | 172 | | |
Outfront Media, Inc. (Specialized REITs) | | | 140 | | | | 2,271 | | |
Outlook Therapeutics, Inc.* (Biotechnology) | | | 7 | | | | 54 | | |
Ovid Therapeutics, Inc.* (Biotechnology) | | | 55 | | | | 57 | | |
Owens & Minor, Inc.* (Health Care
Providers & Services) | | | 71 | | | | 1,166 | | |
Oxford Industries, Inc. (Textiles, Apparel &
Luxury Goods) | | | 14 | | | | 1,475 | | |
P10, Inc.—Class A (Capital Markets) | | | 40 | | | | 399 | | |
Pacific Biosciences of California, Inc.*(a)
(Life Sciences Tools & Services) | | | 257 | | | | 529 | | |
Pacific Premier Bancorp, Inc. (Banks) | | | 90 | | | | 2,435 | | |
Pacira BioSciences, Inc.* (Pharmaceuticals) | | | 43 | | | | 888 | | |
PACS Group, Inc.* (Health Care Providers &
Services) | | | 23 | | | | 823 | | |
Pactiv Evergreen, Inc. (Containers &
Packaging) | | | 38 | | | | 499 | | |
Pagaya Technologies, Ltd.*—Class A
(Software) | | | 38 | | | | 565 | | |
PagerDuty, Inc.* (Software) | | | 84 | | | | 1,758 | | |
Pagseguro Digital, Ltd.*—Class A
(Financial Services) | | | 178 | | | | 2,275 | | |
Palomar Holdings, Inc.* (Insurance) | | | 23 | | | | 2,116 | | |
PAM Transportation Services, Inc.*
(Ground Transportation) | | | 5 | | | | 102 | | |
Pangaea Logistics Solutions, Ltd. (Marine
Transportation) | | | 30 | | | | 218 | | |
Papa John's International, Inc. (Hotels,
Restaurants & Leisure) | | | 32 | | | | 1,415 | | |
Par Pacific Holdings, Inc.* (Oil, Gas &
Consumable Fuels) | | | 54 | | | | 1,434 | | |
Common Stocks, continued
| | | Shares | | Value | |
PAR Technology Corp.* (Electronic
Equipment, Instruments & Components) | | | 32 | | | $ | 1,620 | | |
Paragon 28, Inc.* (Health Care Equipment &
Supplies) | | | 44 | | | | 343 | | |
Paramount Group, Inc. (Office REITs) | | | 174 | | | | 912 | | |
Park Aerospace Corp. (Aerospace & Defense) | | | 17 | | | | 228 | | |
Park National Corp. (Banks) | | | 14 | | | | 2,477 | | |
Parke Bancorp, Inc. (Banks) | | | 10 | | | | 196 | | |
Park-Ohio Holdings Corp. (Machinery) | | | 8 | | | | 250 | | |
Pathward Financial, Inc. (Banks) | | | 24 | | | | 1,621 | | |
Patria Investments, Ltd.—Class A (Capital
Markets) | | | 51 | | | | 664 | | |
Patrick Industries, Inc. (Automobile
Components) | | | 21 | | | | 2,690 | | |
Patterson Cos., Inc. (Health Care Providers &
Services) | | | 76 | | | | 1,919 | | |
Patterson-UTI Energy, Inc. (Energy
Equipment & Services) | | | 376 | | | | 4,132 | | |
Payoneer Global, Inc.* (Financial Services) | | | 267 | | | | 1,477 | | |
Paysafe, Ltd.* (Financial Services) | | | 31 | | | | 651 | | |
Paysign, Inc.* (Financial Services) | | | 30 | | | | 160 | | |
PBF Energy, Inc.—Class A (Oil, Gas &
Consumable Fuels) | | | 98 | | | | 3,994 | | |
PC Connection, Inc. (Electronic
Equipment, Instruments & Components) | | | 11 | | | | 787 | | |
PCB Bancorp (Banks) | | | 10 | | | | 193 | | |
PDF Solutions, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 30 | | | | 1,053 | | |
Peabody Energy Corp. (Oil, Gas &
Consumable Fuels) | | | 121 | | | | 2,687 | | |
Peakstone Realty Trust (Office REITs) | | | 34 | | | | 462 | | |
Peapack-Gladstone Financial Corp. (Banks) | | | 15 | | | | 424 | | |
Pebblebrook Hotel Trust (Hotel & Resort
REITs) | | | 113 | | | | 1,547 | | |
Pediatrix Medical Group, Inc.* (Health
Care Providers & Services) | | | 79 | | | | 659 | | |
Peloton Interactive, Inc.*—Class A
(Leisure Products) | | | 319 | | | | 1,136 | | |
PennyMac Financial Services, Inc.
(Financial Services) | | | 25 | | | | 2,453 | | |
PennyMac Mortgage Investment Trust
(Mortgage REITs) | | | 82 | | | | 1,129 | | |
Peoples Bancorp of North Carolina, Inc.
(Banks) | | | 5 | | | | 159 | | |
Peoples Bancorp, Inc. (Banks) | | | 32 | | | | 1,065 | | |
Peoples Financial Services Corp. (Banks) | | | 9 | | | | 447 | | |
PepGen, Inc.* (Biotechnology) | | | 14 | | | | 160 | | |
Perdoceo Education Corp. (Diversified
Consumer Services) | | | 61 | | | | 1,512 | | |
Perella Weinberg Partners (Capital Markets) | | | 50 | | | | 945 | | |
Perficient, Inc.* (IT Services) | | | 32 | | | | 2,413 | | |
Performant Financial Corp.* (Commercial
Services & Supplies) | | | 66 | | | | 245 | | |
Perimeter Solutions SA* (Chemicals) | | | 126 | | | | 1,221 | | |
Perma-Fix Environmental Services, Inc.*
(Commercial Services & Supplies) | | | 12 | | | | 152 | | |
Perpetua Resources Corp.* (Metals & Mining) | | | 36 | | | | 244 | | |
Perspective Therapeutics, Inc.*
(Biotechnology) | | | 44 | | | | 598 | | |
Petco Health & Wellness Co., Inc.*
(Specialty Retail) | | | 78 | | | | 270 | | |
See accompanying notes to the financial statements.
104 :: Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
PetIQ, Inc.* (Health Care Providers &
Services) | | | 25 | | | $ | 547 | | |
Phathom Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 32 | | | | 378 | | |
Phibro Animal Health Corp.—Class A
(Pharmaceuticals) | | | 19 | | | | 359 | | |
Phillips Edison & Co., Inc. (Retail REITs) | | | 115 | | | | 4,037 | | |
Phinia, Inc. (Automobile Components) | | | 42 | | | | 1,877 | | |
Photronics, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 58 | | | | 1,474 | | |
Phreesia, Inc.* (Health Care Technology) | | | 48 | | | | 1,198 | | |
Piedmont Lithium, Inc.* (Metals & Mining) | | | 17 | | | | 170 | | |
Piedmont Office Realty Trust, Inc.—Class A
(Office REITs) | | | 116 | | | | 1,003 | | |
Pioneer Bancorp, Inc.* (Banks) | | | 11 | | | | 123 | | |
Piper Sandler Cos. (Capital Markets) | | | 16 | | | | 4,372 | | |
Pitney Bowes, Inc. (Commercial Services &
Supplies) | | | 151 | | | | 997 | | |
PJT Partners, Inc.—Class A (Capital Markets) | | | 23 | | | | 3,058 | | |
Planet Labs PBC* (Professional Services) | | | 158 | | | | 401 | | |
PlayAGS, Inc.* (Hotels, Restaurants & Leisure) | | | 37 | | | | 424 | | |
Playstudios, Inc.* (Entertainment) | | | 82 | | | | 178 | | |
Plexus Corp.* (Electronic Equipment,
Instruments & Components) | | | 25 | | | | 3,204 | | |
Pliant Therapeutics, Inc.* (Pharmaceuticals) | | | 54 | | | | 773 | | |
Plug Power, Inc.*(a) (Electrical Equipment) | | | 594 | | | | 1,467 | | |
Plumas Bancorp (Banks) | | | 5 | | | | 216 | | |
Plymouth Industrial REIT, Inc. (Industrial REITs) | | | 38 | | | | 909 | | |
Ponce Financial Group, Inc.* (Banks) | | | 18 | | | | 178 | | |
Porch Group, Inc.* (Software) | | | 72 | | | | 148 | | |
Portillo's, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 50 | | | | 518 | | |
Portland General Electric Co. (Electric Utilities) | | | 96 | | | | 4,547 | | |
Poseida Therapeutics, Inc.* (Biotechnology) | | | 64 | | | | 226 | | |
Postal Realty Trust, Inc.—Class A (Office
REITs) | | | 21 | | | | 314 | | |
Potbelly Corp.* (Hotels, Restaurants &
Leisure) | | | 26 | | | | 190 | | |
PotlatchDeltic Corp. (Specialized REITs) | | | 75 | | | | 3,327 | | |
Powell Industries, Inc. (Electrical Equipment) | | | 9 | | | | 1,653 | | |
Power Integrations, Inc. (Semiconductors &
Semiconductor Equipment) | | | 53 | | | | 3,871 | | |
Powerfleet, Inc.* (Electronic Equipment,
Instruments & Components) | | | 85 | | | | 385 | | |
PowerSchool Holdings, Inc.* (Software) | | | 56 | | | | 1,263 | | |
PRA Group, Inc.* (Consumer Finance) | | | 37 | | | | 986 | | |
Prairie Operating Co.* (Software) | | | 4 | | | | 39 | | |
Praxis Precision Medicines, Inc.*
(Biotechnology) | | | 16 | | | | 923 | | |
Precigen, Inc.* (Biotechnology) | | | 118 | | | | 179 | | |
Preferred Bank (Banks) | | | 12 | | | | 1,033 | | |
Preformed Line Products Co. (Electrical
Equipment) | | | 3 | | | | 414 | | |
Prelude Therapeutics, Inc.*
(Biotechnology) | | | 12 | | | | 76 | | |
Premier Financial Corp. (Banks) | | | 33 | | | | 836 | | |
Prestige Consumer Healthcare, Inc.*
(Pharmaceuticals) | | | 47 | | | | 3,327 | | |
PriceSmart, Inc. (Consumer Staples
Distribution & Retail) | | | 23 | | | | 2,100 | | |
Prime Medicine, Inc.* (Biotechnology) | | | 53 | | | | 297 | | |
Common Stocks, continued
| | | Shares | | Value | |
PrimeEnergy Resources Corp.* (Oil, Gas &
Consumable Fuels) | | | 1 | | | $ | 118 | | |
Primis Financial Corp. (Banks) | | | 19 | | | | 251 | | |
Primo Water Corp. (Beverages) | | | 149 | | | | 3,268 | | |
Primoris Services Corp. (Construction &
Engineering) | | | 50 | | | | 2,824 | | |
Princeton Bancorp, Inc. (Banks) | | | 5 | | | | 196 | | |
Priority Technology Holdings, Inc.*
(Financial Services) | | | 17 | | | | 101 | | |
Privia Health Group, Inc.* (Health Care
Providers & Services) | | | 96 | | | | 1,991 | | |
ProAssurance Corp.* (Insurance) | | | 50 | | | | 655 | | |
PROCEPT BioRobotics Corp.* (Health Care
Equipment & Supplies) | | | 40 | | | | 2,533 | | |
ProFrac Holding Corp.*—Class A (Energy
Equipment & Services) | | | 21 | | | | 195 | | |
PROG Holdings, Inc. (Consumer Finance) | | | 40 | | | | 1,802 | | |
Progress Software Corp. (Software) | | | 41 | | | | 2,394 | | |
Progyny, Inc.* (Health Care Providers &
Services) | | | 79 | | | | 2,228 | | |
ProKidney Corp.* (Biotechnology) | | | 59 | | | | 138 | | |
ProPetro Holding Corp.* (Energy
Equipment & Services) | | | 86 | | | | 825 | | |
PROS Holdings, Inc.* (Software) | | | 43 | | | | 1,036 | | |
Protagonist Therapeutics, Inc.*
(Biotechnology) | | | 55 | | | | 2,059 | | |
Prothena Corp. PLC* (Biotechnology) | | | 40 | | | | 931 | | |
Proto Labs, Inc.* (Machinery) | | | 24 | | | | 836 | | |
Provident Bancorp, Inc.* (Banks) | | | 14 | | | | 152 | | |
Provident Financial Services, Inc. (Banks) | | | 119 | | | | 2,206 | | |
PTC Therapeutics, Inc.* (Biotechnology) | | | 72 | | | | 2,437 | | |
PubMatic, Inc.*—Class A (Media) | | | 40 | | | | 878 | | |
Pulmonx Corp.* (Health Care Equipment &
Supplies) | | | 36 | | | | 249 | | |
Pulse Biosciences, Inc.*(a) (Health Care
Equipment & Supplies) | | | 17 | | | | 254 | | |
Puma Biotechnology, Inc.* (Biotechnology) | | | 38 | | | | 136 | | |
Pure Cycle Corp.* (Water Utilities) | | | 20 | | | | 220 | | |
PureCycle Technologies, Inc.* (Chemicals) | | | 116 | | | | 894 | | |
Purple Innovation, Inc.* (Household
Durables) | | | 52 | | | | 72 | | |
Pyxis Oncology, Inc.* (Biotechnology) | | | 46 | | | | 180 | | |
Q2 Holdings, Inc.* (Software) | | | 56 | | | | 3,778 | | |
Q32 Bio, Inc.* (Biotechnology) | | | 5 | | | | 190 | | |
QCR Holdings, Inc. (Banks) | | | 15 | | | | 1,147 | | |
Quad/Graphics, Inc. (Commercial Services &
Supplies) | | | 28 | | | | 128 | | |
Quaker Chemical Corp. (Chemicals) | | | 14 | | | | 2,542 | | |
Qualys, Inc.* (Software) | | | 35 | | | | 5,220 | | |
Quanex Building Products Corp. (Building
Products) | | | 42 | | | | 1,403 | | |
Quanterix Corp.* (Life Sciences Tools &
Services) | | | 34 | | | | 502 | | |
Quantum-Si, Inc.* (Life Sciences Tools &
Services) | | | 94 | | | | 102 | | |
Quest Resource Holding Corp.*
(Commercial Services & Supplies) | | | 16 | | | | 135 | | |
QuickLogic Corp.* (Semiconductors &
Semiconductor Equipment) | | | 13 | | | | 140 | | |
QuinStreet, Inc.* (Interactive Media &
Services) | | | 50 | | | | 935 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Small-Cap ProFund :: 105
Common Stocks, continued
| | | Shares | | Value | |
Quipt Home Medical Corp.* (Health Care
Providers & Services) | | | 38 | | | $ | 147 | | |
Qurate Retail, Inc.*—Class B (Broadline
Retail) | | | 1 | | | | 4 | | |
Rackspace Technology, Inc.* (IT Services) | | | 63 | | | | 147 | | |
Radian Group, Inc. (Financial Services) | | | 142 | | | | 5,268 | | |
Radiant Logistics, Inc.* (Air Freight &
Logistics) | | | 33 | | | | 205 | | |
Radius Recycling, Inc. (Metals & Mining) | | | 25 | | | | 453 | | |
RadNet, Inc.* (Health Care Providers &
Services) | | | 62 | | | | 3,705 | | |
Ramaco Resources, Inc.—Class A (Metals &
Mining) | | | 25 | | | | 340 | | |
Ramaco Resources, Inc.—Class B (Metals &
Mining) | | | 5 | | | | 58 | | |
Rambus, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 103 | | | | 5,297 | | |
Ranger Energy Services, Inc. (Energy
Equipment & Services) | | | 15 | | | | 195 | | |
Ranpak Holdings Corp.* (Containers &
Packaging) | | | 41 | | | | 296 | | |
Rapid7, Inc.* (Software) | | | 59 | | | | 2,321 | | |
RAPT Therapeutics, Inc.* (Biotechnology) | | | 27 | | | | 85 | | |
Rayonier Advanced Materials, Inc.*
(Chemicals) | | | 60 | | | | 399 | | |
RBB Bancorp (Banks) | | | 16 | | | | 369 | | |
RCI Hospitality Holdings, Inc. (Hotels,
Restaurants & Leisure) | | | 8 | | | | 396 | | |
RE/MAX Holdings, Inc. (Real Estate
Management & Development) | | | 17 | | | | 164 | | |
Ready Capital Corp. (Mortgage REITs) | | | 152 | | | | 1,411 | | |
Recursion Pharmaceuticals, Inc.*—Class A
(Biotechnology) | | | 195 | | | | 1,599 | | |
Red River Bancshares, Inc. (Banks) | | | 5 | | | | 279 | | |
Red Rock Resorts, Inc.—Class A (Hotels,
Restaurants & Leisure) | | | 46 | | | | 2,622 | | |
Red Violet, Inc.* (Software) | | | 11 | | | | 283 | | |
Redfin Corp.* (Real Estate Management &
Development) | | | 111 | | | | 904 | | |
Redwire Corp.* (Aerospace & Defense) | | | 21 | | | | 149 | | |
Redwood Trust, Inc. (Mortgage REITs) | | | 124 | | | | 901 | | |
REGENXBIO, Inc.* (Biotechnology) | | | 43 | | | | 613 | | |
Regional Management Corp. (Consumer
Finance) | | | 7 | | | | 229 | | |
Regulus Therapeutics, Inc.* (Biotechnology) | | | 59 | | | | 106 | | |
Rekor Systems, Inc.* (Software) | | | 66 | | | | 120 | | |
Relay Therapeutics, Inc.* (Biotechnology) | | | 94 | | | | 773 | | |
Remitly Global, Inc.* (Financial Services) | | | 137 | | | | 1,810 | | |
Renasant Corp. (Banks) | | | 52 | | | | 1,788 | | |
Renovaro, Inc.* (Biotechnology) | | | 46 | | | | 34 | | |
Repay Holdings Corp.* (Financial Services) | | | 86 | | | | 827 | | |
Replimune Group, Inc.* (Biotechnology) | | | 48 | | | | 480 | | |
ReposiTrak, Inc. (Software) | | | 11 | | | | 210 | | |
Republic Bancorp, Inc.—Class A (Banks) | | | 8 | | | | 525 | | |
Reservoir Media, Inc.* (Entertainment) | | | 18 | | | | 143 | | |
Resideo Technologies, Inc.* (Building
Products) | | | 138 | | | | 3,135 | | |
Resources Connection, Inc. (Professional
Services) | | | 31 | | | | 370 | | |
Retail Opportunity Investments Corp.
(Retail REITs) | | | 117 | | | | 1,749 | | |
Common Stocks, continued
| | | Shares | | Value | |
REV Group, Inc. (Machinery) | | | 49 | | | $ | 1,430 | | |
Revance Therapeutics, Inc.* (Pharmaceuticals) | | | 98 | | | | 370 | | |
REVOLUTION Medicines, Inc.*
(Biotechnology) | | | 143 | | | | 6,527 | | |
Revolve Group, Inc.* (Specialty Retail) | | | 36 | | | | 697 | | |
REX American Resources Corp.* (Oil, Gas &
Consumable Fuels) | | | 14 | | | | 711 | | |
RGC Resources, Inc. (Gas Utilities) | | | 8 | | | | 180 | | |
Rhythm Pharmaceuticals, Inc.*
(Biotechnology) | | | 51 | | | | 2,459 | | |
Ribbon Communications, Inc.*
(Communications Equipment) | | | 85 | | | | 288 | | |
Richardson Electronics, Ltd. (Electronic
Equipment, Instruments & Components) | | | 12 | | | | 144 | | |
Rigel Pharmaceuticals, Inc.* (Biotechnology) | | | 16 | | | | 169 | | |
Rigetti Computing, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 132 | | | | 136 | | |
Riley Exploration Permian, Inc. (Oil, Gas &
Consumable Fuels) | | | 11 | | | | 322 | | |
Rimini Street, Inc.* (Software) | | | 49 | | | | 109 | | |
Ring Energy, Inc.* (Oil, Gas & Consumable
Fuels) | | | 139 | | | | 274 | | |
Riot Platforms, Inc.* (Software) | | | 256 | | | | 2,609 | | |
RLJ Lodging Trust (Hotel & Resort REITs) | | | 143 | | | | 1,350 | | |
Roadzen, Inc.* (Software) | | | 13 | | | | 20 | | |
Rocket Lab USA, Inc.* (Aerospace & Defense) | | | 328 | | | | 1,719 | | |
Rocket Pharmaceuticals, Inc.*
(Biotechnology) | | | 62 | | | | 1,500 | | |
Rocky Brands, Inc. (Textiles, Apparel &
Luxury Goods) | | | 7 | | | | 240 | | |
Rogers Corp.* (Electronic Equipment,
Instruments & Components) | | | 18 | | | | 2,199 | | |
Root, Inc.*—Class A (Insurance) | | | 8 | | | | 482 | | |
RPC, Inc. (Energy Equipment & Services) | | | 80 | | | | 598 | | |
RumbleON, Inc.*—Class B (Specialty Retail) | | | 15 | | | | 62 | | |
Rush Enterprises, Inc.—Class A (Trading
Companies & Distributors) | | | 58 | | | | 2,959 | | |
Rush Enterprises, Inc.—Class B (Trading
Companies & Distributors) | | | 8 | | | | 378 | | |
Rush Street Interactive, Inc.* (Hotels,
Restaurants & Leisure) | | | 71 | | | | 711 | | |
RXO, Inc.* (Ground Transportation) | | | 110 | | | | 3,488 | | |
RxSight, Inc.* (Health Care Equipment &
Supplies) | | | 32 | | | | 1,465 | | |
Ryerson Holding Corp. (Metals & Mining) | | | 27 | | | | 642 | | |
Ryman Hospitality Properties, Inc. (Hotel &
Resort REITs) | | | 55 | | | | 5,527 | | |
S&T Bancorp, Inc. (Banks) | | | 36 | | | | 1,598 | | |
Sable Offshore Corp.* (Oil, Gas &
Consumable Fuels) | | | 48 | | | | 807 | | |
Sabra Health Care REIT, Inc. (Health Care
REITs) | | | 218 | | | | 3,539 | | |
Sabre Corp.* (Hotels, Restaurants & Leisure) | | | 354 | | | | 1,214 | | |
Safe Bulkers, Inc. (Marine Transportation) | | | 59 | | | | 299 | | |
Safehold, Inc. (Specialized REITs) | | | 49 | | | | 1,134 | | |
Safety Insurance Group, Inc. (Insurance) | | | 14 | | | | 1,198 | | |
Sage Therapeutics, Inc.* (Biotechnology) | | | 50 | | | | 548 | | |
Sally Beauty Holdings, Inc.* (Specialty Retail) | | | 98 | | | | 1,122 | | |
Sana Biotechnology, Inc.* (Biotechnology) | | | 124 | | | | 755 | | |
Sanara Medtech, Inc.* (Health Care
Equipment & Supplies) | | | 4 | | | | 128 | | |
See accompanying notes to the financial statements.
106 :: Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
SandRidge Energy, Inc. (Oil, Gas &
Consumable Fuels) | | | 31 | | | $ | 421 | | |
Sandy Spring Bancorp, Inc. (Banks) | | | 41 | | | | 1,256 | | |
Sanmina Corp.* (Electronic Equipment,
Instruments & Components) | | | 51 | | | | 3,842 | | |
Sapiens International Corp. N.V. (Software) | | | 29 | | | | 1,128 | | |
Saul Centers, Inc. (Retail REITs) | | | 10 | | | | 396 | | |
Savara, Inc.* (Biotechnology) | | | 91 | | | | 419 | | |
Savers Value Village, Inc.* (Broadline Retail) | | | 22 | | | | 224 | | |
ScanSource, Inc.* (Electronic Equipment,
Instruments & Components) | | | 23 | | | | 1,197 | | |
Scholar Rock Holding Corp.* (Biotechnology) | | | 65 | | | | 590 | | |
Scholastic Corp. (Media) | | | 23 | | | | 721 | | |
Schrodinger, Inc.* (Health Care Technology) | | | 52 | | | | 1,159 | | |
Scilex Holding Co.* (Pharmaceuticals) | | | 48 | | | | 76 | | |
Scorpio Tankers, Inc. (Oil, Gas & Consumable
Fuels) | | | 44 | | | | 3,374 | | |
scPharmaceuticals, Inc.* (Pharmaceuticals) | | | 27 | | | | 136 | | |
Seacoast Banking Corp. of Florida (Banks) | | | 79 | | | | 2,199 | | |
SEACOR Marine Holdings, Inc.* (Energy
Equipment & Services) | | | 23 | | | | 319 | | |
Seadrill, Ltd.* (Energy Equipment & Services) | | | 70 | | | | 3,851 | | |
Select Medical Holdings Corp. (Health
Care Providers & Services) | | | 101 | | | | 4,016 | | |
Select Water Solutions, Inc. (Energy
Equipment & Services) | | | 86 | | | | 1,017 | | |
Selective Insurance Group, Inc. (Insurance) | | | 58 | | | | 5,238 | | |
Selectquote, Inc.* (Insurance) | | | 126 | | | | 515 | | |
Semler Scientific, Inc.* (Health Care
Equipment & Supplies) | | | 5 | | | | 166 | | |
SEMrush Holdings, Inc.*—Class A (Software) | | | 34 | | | | 501 | | |
Semtech Corp.* (Semiconductors &
Semiconductor Equipment) | | | 61 | | | | 1,935 | | |
Seneca Foods Corp.*—Class A (Food
Products) | | | 5 | | | | 302 | | |
Sensient Technologies Corp. (Chemicals) | | | 40 | | | | 3,122 | | |
Sera Prognostics, Inc.*—Class A
(Biotechnology) | | | 26 | | | | 216 | | |
Service Properties Trust (Hotel & Resort REITs) | | | 155 | | | | 879 | | |
ServisFirst Bancshares, Inc. (Banks) | | | 48 | | | | 3,852 | | |
SES AI Corp.* (Electrical Equipment) | | | 122 | | | | 150 | | |
Seven Hills Realty Trust (Mortgage REITs) | | | 12 | | | | 161 | | |
Sezzle, Inc.* (Financial Services) | | | 2 | | | | 175 | | |
SFL Corp., Ltd. (Oil, Gas & Consumable Fuels) | | | 106 | | | | 1,255 | | |
Shake Shack, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 36 | | | | 3,155 | | |
Shattuck Labs, Inc.* (Biotechnology) | | | 37 | | | | 147 | | |
Shenandoah Telecommunications Co.
(Diversified Telecommunication Services) | | | 46 | | | | 979 | | |
Shoals Technologies Group, Inc.*—Class A
(Electrical Equipment) | | | 161 | | | | 1,047 | | |
Shoe Carnival, Inc. (Specialty Retail) | | | 17 | | | | 722 | | |
Shore Bancshares, Inc. (Banks) | | | 29 | | | | 421 | | |
Shutterstock, Inc. (Interactive Media &
Services) | | | 23 | | | | 1,017 | | |
SI-BONE, Inc.* (Health Care Equipment &
Supplies) | | | 39 | | | | 593 | | |
Sierra Bancorp (Banks) | | | 13 | | | | 378 | | |
SIGA Technologies, Inc. (Pharmaceuticals) | | | 43 | | | | 429 | | |
Sight Sciences, Inc.* (Health Care
Equipment & Supplies) | | | 33 | | | | 257 | | |
Common Stocks, continued
| | | Shares | | Value | |
Signet Jewelers, Ltd. (Specialty Retail) | | | 41 | | | $ | 3,449 | | |
Silicon Laboratories, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 30 | | | | 3,604 | | |
Silk Road Medical, Inc.* (Health Care
Equipment & Supplies) | | | 37 | | | | 999 | | |
Silvercrest Asset Management Group,
Inc.—Class A (Capital Markets) | | | 9 | | | | 160 | | |
Simmons First National Corp.—Class A
(Banks) | | | 117 | | | | 2,519 | | |
Simulations Plus, Inc. (Health Care
Technology) | | | 15 | | | | 613 | | |
Sinclair, Inc. (Media) | | | 30 | | | | 461 | | |
SiriusPoint, Ltd.* (Insurance) | | | 93 | | | | 1,336 | | |
SITE Centers Corp. (Retail REITs) | | | 179 | | | | 2,766 | | |
SiTime Corp.* (Semiconductors &
Semiconductor Equipment) | | | 17 | | | | 2,413 | | |
Sitio Royalties Corp.—Class A (Oil, Gas &
Consumable Fuels) | | | 78 | | | | 1,899 | | |
Six Flags Entertainment Corp.* (Hotels,
Restaurants & Leisure) | | | 40 | | | | 1,905 | | |
SJW Group (Water Utilities) | | | 31 | | | | 1,879 | | |
Sky Harbour Group Corp.* (Transportation
Infrastructure) | | | 11 | | | | 113 | | |
Skye Bioscience, Inc.* (Biotechnology) | | | 16 | | | | 83 | | |
Skyline Champion Corp.* (Household
Durables) | | | 50 | | | | 4,076 | | |
Skyward Specialty Insurance Group, Inc.*
(Insurance) | | | 35 | | | | 1,385 | | |
SkyWater Technology, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 25 | | | | 185 | | |
SkyWest, Inc.* (Passenger Airlines) | | | 37 | | | | 2,958 | | |
SL Green Realty Corp. (Office REITs) | | | 62 | | | | 4,131 | | |
Sleep Number Corp.* (Specialty Retail) | | | 21 | | | | 248 | | |
SM Energy Co. (Oil, Gas & Consumable
Fuels) | | | 108 | | | | 4,989 | | |
SMART Global Holdings, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 49 | | | | 1,147 | | |
SmartFinancial, Inc. (Banks) | | | 15 | | | | 425 | | |
SmartRent, Inc.* (Electronic Equipment,
Instruments & Components) | | | 181 | | | | 333 | | |
Smith & Wesson Brands, Inc. (Leisure
Products) | | | 43 | | | | 712 | | |
Smith-Midland Corp.* (Construction Materials) | | | 5 | | | | 174 | | |
Solaris Oilfield Infrastructure, Inc.—Class A
(Energy Equipment & Services) | | | 23 | | | | 302 | | |
SolarMax Technology, Inc.* (Electrical
Equipment) | | | 4 | | | | 17 | | |
SolarWinds Corp. (Software) | | | 51 | | | | 608 | | |
Soleno Therapeutics, Inc.* (Biotechnology) | | | 21 | | | | 1,013 | | |
Solid Biosciences, Inc.* (Biotechnology) | | | 22 | | | | 196 | | |
Solid Power, Inc.* (Automobile Components) | | | 146 | | | | 274 | | |
Solidion Technology, Inc.* (Electrical
Equipment) | | | 7 | | | | 3 | | |
Solo Brands, Inc.*—Class A (Leisure Products) | | | 14 | | | | 33 | | |
Sonic Automotive, Inc.—Class A
(Specialty Retail) | | | 14 | | | | 834 | | |
Sonida Senior Living, Inc.* (Health Care
Providers & Services) | | | 4 | | | | 129 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Small-Cap ProFund :: 107
Common Stocks, continued
| | | Shares | | Value | |
Sonos, Inc.* (Household Durables) | | | 116 | | | $ | 1,566 | | |
SoundHound AI, Inc.*(a)—Class A
(Software) | | | 268 | | | | 1,364 | | |
SoundThinking, Inc.* (Software) | | | 9 | | | | 139 | | |
South Plains Financial, Inc. (Banks) | | | 11 | | | | 357 | | |
Southern California Bancorp* (Banks) | | | 23 | | | | 363 | | |
Southern First Bancshares, Inc.* (Banks) | | | 7 | | | | 242 | | |
Southern Missouri Bancorp, Inc. (Banks) | | | 9 | | | | 515 | | |
Southern States Bancshares, Inc. (Banks) | | | 8 | | | | 262 | | |
Southland Holdings, Inc.* (Construction &
Engineering) | | | 10 | | | | 39 | | |
Southside Bancshares, Inc. (Banks) | | | 27 | | | | 945 | | |
SouthState Corp. (Banks) | | | 72 | | | | 7,127 | | |
Southwest Gas Holdings, Inc. (Gas Utilities) | | | 58 | | | | 4,301 | | |
SpartanNash Co. (Consumer Staples
Distribution & Retail) | | | 32 | | | | 676 | | |
Sphere Entertainment Co.* (Entertainment) | | | 25 | | | | 1,112 | | |
Spire Global, Inc.* (Professional Services) | | | 21 | | | | 293 | | |
Spire, Inc. (Gas Utilities) | | | 51 | | | | 3,396 | | |
Spirit Airlines, Inc.(a) (Passenger Airlines) | | | 103 | | | | 310 | | |
Spok Holdings, Inc. (Wireless
Telecommunication Services) | | | 17 | | | | 261 | | |
SpringWorks Therapeutics, Inc.*
(Biotechnology) | | | 65 | | | | 2,334 | | |
Sprinklr, Inc.*—Class A (Software) | | | 96 | | | | 944 | | |
Sprout Social, Inc.*—Class A (Software) | | | 47 | | | | 1,836 | | |
Sprouts Farmers Market, Inc.* (Consumer
Staples Distribution & Retail) | | | 95 | | | | 9,489 | | |
SPS Commerce, Inc.* (Software) | | | 35 | | | | 7,539 | | |
SPX Technologies, Inc.* (Machinery) | | | 42 | | | | 6,197 | | |
Spyre Therapeutics, Inc.* (Biotechnology) | | | 32 | | | | 880 | | |
Squarespace, Inc.*—Class A (IT Services) | | | 57 | | | | 2,519 | | |
SSR Mining, Inc. (Metals & Mining) | | | 191 | | | | 1,064 | | |
STAAR Surgical Co.* (Health Care
Equipment & Supplies) | | | 47 | | | | 1,939 | | |
Stagwell, Inc.* (Media) | | | 86 | | | | 574 | | |
Standard BioTools, Inc.* (Life Sciences
Tools & Services) | | | 283 | | | | 634 | | |
Standard Motor Products, Inc.
(Automobile Components) | | | 21 | | | | 687 | | |
Standex International Corp. (Machinery) | | | 11 | | | | 2,055 | | |
Star Holdings* (Diversified REITs) | | | 13 | | | | 175 | | |
Steelcase, Inc.—Class A (Commercial
Services & Supplies) | | | 87 | | | | 1,261 | | |
Stellar Bancorp, Inc. (Banks) | | | 46 | | | | 1,260 | | |
Stem, Inc.* (Electrical Equipment) | | | 142 | | | | 173 | | |
Stepan Co. (Chemicals) | | | 20 | | | | 1,693 | | |
StepStone Group, Inc.—Class A (Capital
Markets) | | | 50 | | | | 2,513 | | |
Stereotaxis, Inc.* (Health Care Equipment &
Supplies) | | | 50 | | | | 100 | | |
Sterling Bancorp, Inc.* (Banks) | | | 20 | | | | 116 | | |
Sterling Check Corp.* (Professional
Services) | | | 32 | | | | 502 | | |
Sterling Infrastructure, Inc.* (Construction &
Engineering) | | | 29 | | | | 3,374 | | |
Steven Madden, Ltd. (Textiles, Apparel &
Luxury Goods) | | | 69 | | | | 3,128 | | |
Stewart Information Services Corp. (Insurance) | | | 25 | | | | 1,768 | | |
Stitch Fix, Inc.*—Class A (Specialty Retail) | | | 84 | | | | 396 | | |
Stock Yards Bancorp, Inc. (Banks) | | | 24 | | | | 1,493 | | |
Common Stocks, continued
| | | Shares | | Value | |
Stoke Therapeutics, Inc.* (Biotechnology) | | | 33 | | | $ | 494 | | |
StoneCo, Ltd.*—Class A (Financial Services) | | | 270 | | | | 3,542 | | |
Stoneridge, Inc.* (Automobile Components) | | | 26 | | | | 437 | | |
StoneX Group, Inc.* (Capital Markets) | | | 26 | | | | 2,167 | | |
Strategic Education, Inc. (Diversified
Consumer Services) | | | 21 | | | | 2,213 | | |
Stratus Properties, Inc.* (Real Estate
Management & Development) | | | 5 | | | | 138 | | |
Strawberry Fields REIT, Inc. (Health Care
REITs) | | | 5 | | | | 57 | | |
Stride, Inc.* (Diversified Consumer Services) | | | 41 | | | | 3,114 | | |
Sturm Ruger & Co., Inc. (Leisure Products) | | | 16 | | | | 722 | | |
Summit Hotel Properties, Inc. (Hotel &
Resort REITs) | | | 99 | | | | 628 | | |
Summit Materials, Inc.*—Class A
(Construction Materials) | | | 115 | | | | 4,804 | | |
Summit Therapeutics, Inc.* (Biotechnology) | | | 83 | | | | 896 | | |
Sun Country Airlines Holdings, Inc.*
(Passenger Airlines) | | | 37 | | | | 485 | | |
SunCoke Energy, Inc. (Metals & Mining) | | | 79 | | | | 924 | | |
Sunnova Energy International, Inc.*
(Independent Power and Renewable
Electricity Producers) | | | 103 | | | | 728 | | |
SunOpta, Inc.* (Food Products) | | | 86 | | | | 456 | | |
SunPower Corp.*(a) (Electrical Equipment) | | | 82 | | | | 70 | | |
Sunrise Realty Trust, Inc.* (Mortgage REITs) | | | 5 | | | | 60 | | |
Sunrun, Inc.* (Electrical Equipment) | | | 206 | | | | 3,611 | | |
Sunstone Hotel Investors, Inc. (Hotel &
Resort REITs) | | | 192 | | | | 1,989 | | |
Super Group SGHC, Ltd. (Hotels,
Restaurants & Leisure) | | | 141 | | | | 540 | | |
Superior Group of Cos., Inc. (Textiles,
Apparel & Luxury Goods) | | | 13 | | | | 259 | | |
Supernus Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 47 | | | | 1,402 | | |
Surgery Partners, Inc.* (Health Care
Providers & Services) | | | 72 | | | | 2,186 | | |
Surmodics, Inc.* (Health Care Equipment &
Supplies) | | | 13 | | | | 538 | | |
Sutro Biopharma, Inc.* (Biotechnology) | | | 77 | | | | 306 | | |
Sweetgreen, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 93 | | | | 2,556 | | |
SWK Holdings Corp.* (Financial Services) | | | 3 | | | | 53 | | |
Sylvamo Corp. (Paper & Forest Products) | | | 33 | | | | 2,432 | | |
Synaptics, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 37 | | | | 3,231 | | |
Syndax Pharmaceuticals, Inc.*
(Biotechnology) | | | 78 | | | | 1,771 | | |
System1, Inc.* (Interactive Media & Services) | | | 21 | | | | 29 | | |
Tactile Systems Technology, Inc.* (Health
Care Equipment & Supplies) | | | 23 | | | | 294 | | |
Talkspace, Inc.* (Health Care Providers &
Services) | | | 115 | | | | 231 | | |
Talos Energy, Inc.* (Oil, Gas & Consumable
Fuels) | | | 140 | | | | 1,658 | | |
Tandem Diabetes Care, Inc.* (Health Care
Equipment & Supplies) | | | 61 | | | | 2,256 | | |
Tanger, Inc. (Retail REITs) | | | 100 | | | | 2,890 | | |
Tango Therapeutics, Inc.* (Biotechnology) | | | 45 | | | | 443 | | |
Target Hospitality Corp.* (Hotels,
Restaurants & Leisure) | | | 31 | | | | 290 | | |
See accompanying notes to the financial statements.
108 :: Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Tarsus Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 34 | | | $ | 826 | | |
Taylor Devices, Inc.* (Machinery) | | | 2 | | | | 103 | | |
Taylor Morrison Home Corp.* (Household
Durables) | | | 98 | | | | 6,574 | | |
Taysha Gene Therapies, Inc.* (Biotechnology) | | | 150 | | | | 332 | | |
TechTarget, Inc.* (Media) | | | 24 | | | | 768 | | |
Tecnoglass, Inc. (Building Products) | | | 21 | | | | 1,130 | | |
Teekay Corp.* (Oil, Gas & Consumable Fuels) | | | 54 | | | | 468 | | |
Teekay Tankers, Ltd.—Class A (Oil, Gas &
Consumable Fuels) | | | 23 | | | | 1,505 | | |
TEGNA, Inc. (Media) | | | 166 | | | | 2,645 | | |
Tejon Ranch Co.* (Real Estate
Management & Development) | | | 20 | | | | 380 | | |
Teladoc Health, Inc.* (Health Care Technology) | | | 161 | | | | 1,518 | | |
Telephone and Data Systems, Inc.
(Wireless Telecommunication Services) | | | 93 | | | | 1,971 | | |
Telomir Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 4 | | | | 14 | | |
Telos Corp.* (Software) | | | 53 | | | | 228 | | |
Tenable Holdings, Inc.* (Software) | | | 111 | | | | 5,097 | | |
Tenaya Therapeutics, Inc.* (Biotechnology) | | | 52 | | | | 182 | | |
Tennant Co. (Machinery) | | | 18 | | | | 1,938 | | |
Terawulf, Inc.* (Software) | | | 217 | | | | 903 | | |
Terex Corp. (Machinery) | | | 63 | | | | 3,985 | | |
Terns Pharmaceuticals, Inc.* (Pharmaceuticals) | | | 54 | | | | 419 | | |
Terran Orbital Corp.* (Aerospace & Defense) | | | 144 | | | | 104 | | |
Terreno Realty Corp. (Industrial REITs) | | | 90 | | | | 6,157 | | |
TETRA Technologies, Inc.* (Energy
Equipment & Services) | | | 118 | | | | 440 | | |
Tevogen Bio Holdings, Inc.* (Biotechnology) | | | 20 | | | | 13 | | |
Texas Capital Bancshares, Inc.* (Banks) | | | 43 | | | | 2,842 | | |
TG Therapeutics, Inc.* (Biotechnology) | | | 132 | | | | 2,608 | | |
The Aaron's Co., Inc. (Specialty Retail) | | | 29 | | | | 290 | | |
The Andersons, Inc. (Consumer Staples
Distribution & Retail) | | | 31 | | | | 1,690 | | |
The Baldwin Insurance Group, Inc.*
(Insurance) | | | 62 | | | | 2,712 | | |
The Bancorp, Inc.* (Banks) | | | 47 | | | | 2,436 | | |
The Bank of NT Butterfield & Son, Ltd. (Banks) | | | 44 | | | | 1,687 | | |
The Beauty Health Co.* (Personal Care
Products) | | | 69 | | | | 128 | | |
The Brink's Co. (Commercial Services &
Supplies) | | | 42 | | | | 4,619 | | |
The Buckle, Inc. (Specialty Retail) | | | 29 | | | | 1,253 | | |
The Cheesecake Factory, Inc. (Hotels,
Restaurants & Leisure) | | | 45 | | | | 1,750 | | |
The Chefs' Warehouse, Inc.* (Consumer
Staples Distribution & Retail) | | | 33 | | | | 1,372 | | |
The Duckhorn Portfolio, Inc.* (Beverages) | | | 50 | | | | 363 | | |
The E.W. Scripps Co.*—Class A (Media) | | | 56 | | | | 211 | | |
The Eastern Co. (Machinery) | | | 5 | | | | 147 | | |
The Ensign Group, Inc. (Health Care
Providers & Services) | | | 52 | | | | 7,318 | | |
The First Bancorp, Inc. (Banks) | | | 10 | | | | 282 | | |
The First Bancshares, Inc. (Banks) | | | 29 | | | | 966 | | |
The First of Long Island Corp. (Banks) | | | 20 | | | | 262 | | |
The GEO Group, Inc.* (Commercial
Services & Supplies) | | | 117 | | | | 1,697 | | |
The Goodyear Tire & Rubber Co.*
(Automobile Components) | | | 269 | | | | 3,148 | | |
Common Stocks, continued
| | | Shares | | Value | |
The Gorman-Rupp Co. (Machinery) | | | 20 | | | $ | 826 | | |
The Greenbrier Cos., Inc. (Machinery) | | | 29 | | | | 1,479 | | |
The Hackett Group, Inc. (IT Services) | | | 23 | | | | 627 | | |
The Hain Celestial Group, Inc.* (Food
Products) | | | 85 | | | | 658 | | |
The Honest Co., Inc.* (Personal Care
Products) | | | 75 | | | | 280 | | |
The Joint Corp.* (Health Care Providers &
Services) | | | 10 | | | | 144 | | |
The Lovesac Co.* (Household Durables) | | | 14 | | | | 383 | | |
The Macerich Co. (Retail REITs) | | | 204 | | | | 3,266 | | |
The Manitowoc Co., Inc.* (Machinery) | | | 32 | | | | 404 | | |
The Marcus Corp. (Entertainment) | | | 23 | | | | 290 | | |
The ODP Corp.* (Specialty Retail) | | | 33 | | | | 1,394 | | |
The ONE Group Hospitality, Inc.* (Hotels,
Restaurants & Leisure) | | | 20 | | | | 101 | | |
The Pennant Group, Inc.* (Health Care
Providers & Services) | | | 27 | | | | 805 | | |
The Real Brokerage, Inc.* (Real Estate
Management & Development) | | | 89 | | | | 530 | | |
The RealReal, Inc.* (Specialty Retail) | | | 91 | | | | 340 | | |
The RMR Group, Inc.—Class A (Real
Estate Management & Development) | | | 14 | | | | 363 | | |
The Shyft Group, Inc. (Machinery) | | | 32 | | | | 537 | | |
The Simply Good Foods Co.* (Food Products) | | | 86 | | | | 2,916 | | |
The St. Joe Co. (Real Estate Management &
Development) | | | 34 | | | | 2,097 | | |
The Vita Coco Co., Inc.* (Beverages) | | | 37 | | | | 956 | | |
The York Water Co. (Water Utilities) | | | 14 | | | | 578 | | |
Theravance Biopharma, Inc.*
(Pharmaceuticals) | | | 34 | | | | 344 | | |
Thermon Group Holdings, Inc.* (Electrical
Equipment) | | | 32 | | | | 1,050 | | |
Third Coast Bancshares, Inc.* (Banks) | | | 11 | | | | 257 | | |
Third Harmonic Bio, Inc.* (Pharmaceuticals) | | | 19 | | | | 231 | | |
Thoughtworks Holding, Inc.* (IT Services) | | | 94 | | | | 327 | | |
ThredUp, Inc.*—Class A (Specialty Retail) | | | 73 | | | | 153 | | |
Thryv Holdings, Inc.* (Media) | | | 30 | | | | 584 | | |
Tidewater, Inc.* (Energy Equipment &
Services) | | | 46 | | | | 4,552 | | |
Tile Shop Holdings, Inc.* (Specialty Retail) | | | 27 | | | | 195 | | |
Tilly's, Inc.*—Class A (Specialty Retail) | | | 13 | | | | 76 | | |
Timberland Bancorp, Inc. (Banks) | | | 7 | | | | 214 | | |
Tiptree, Inc. (Insurance) | | | 23 | | | | 454 | | |
Titan International, Inc.* (Machinery) | | | 47 | | | | 400 | | |
Titan Machinery, Inc.* (Trading Companies &
Distributors) | | | 20 | | | | 357 | | |
Tompkins Financial Corp. (Banks) | | | 12 | | | | 755 | | |
Topgolf Callaway Brands Corp.* (Leisure
Products) | | | 133 | | | | 2,194 | | |
Torrid Holdings, Inc.*(a) (Specialty Retail) | | | 12 | | | | 100 | | |
Tourmaline Bio, Inc.* (Biotechnology) | | | 22 | | | | 371 | | |
Towne Bank (Banks) | | | 66 | | | | 2,194 | | |
Townsquare Media, Inc.—Class A (Media) | | | 13 | | | | 157 | | |
TPG RE Finance Trust, Inc. (Mortgage REITs) | | | 54 | | | | 472 | | |
TPI Composites, Inc.* (Electrical Equipment) | | | 43 | | | | 183 | | |
Traeger, Inc.* (Household Durables) | | | 32 | | | | 78 | | |
Transcat, Inc.* (Trading Companies &
Distributors) | | | 8 | | | | 922 | | |
Transcontinental Realty Investors, Inc.*
(Real Estate Management & Development) | | | 1 | | | | 31 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Small-Cap ProFund :: 109
Common Stocks, continued
| | | Shares | | Value | |
TransMedics Group, Inc.* (Health Care
Equipment & Supplies) | | | 31 | | | $ | 4,409 | | |
Transocean, Ltd.* (Energy Equipment &
Services) | | | 687 | | | | 3,978 | | |
Travere Therapeutics, Inc.* (Biotechnology) | | | 69 | | | | 658 | | |
Treace Medical Concepts, Inc.* (Health
Care Equipment & Supplies) | | | 46 | | | | 333 | | |
Tredegar Corp.* (Metals & Mining) | | | 25 | | | | 143 | | |
TreeHouse Foods, Inc.* (Food Products) | | | 46 | | | | 1,853 | | |
Trevi Therapeutics, Inc.* (Pharmaceuticals) | | | 54 | | | | 172 | | |
Tri Pointe Homes, Inc.* (Household Durables) | | | 88 | | | | 3,982 | | |
TriCo Bancshares (Banks) | | | 30 | | | | 1,396 | | |
TriMas Corp. (Containers & Packaging) | | | 38 | | | | 934 | | |
TriNet Group, Inc. (Professional Services) | | | 31 | | | | 3,232 | | |
Trinity Industries, Inc. (Machinery) | | | 77 | | | | 2,546 | | |
Triumph Financial, Inc.* (Banks) | | | 21 | | | | 1,905 | | |
Triumph Group, Inc.* (Aerospace & Defense) | | | 60 | | | | 983 | | |
Tronox Holdings PLC (Chemicals) | | | 112 | | | | 1,810 | | |
TrueBlue, Inc.* (Professional Services) | | | 29 | | | | 347 | | |
TrueCar, Inc.* (Interactive Media & Services) | | | 81 | | | | 296 | | |
Trupanion, Inc.*(a) (Insurance) | | | 31 | | | | 1,149 | | |
TrustCo Bank Corp. (Banks) | | | 17 | | | | 605 | | |
Trustmark Corp. (Banks) | | | 58 | | | | 2,014 | | |
TScan Therapeutics, Inc.* (Biotechnology) | | | 36 | | | | 257 | | |
TTEC Holdings, Inc. (Professional Services) | | | 18 | | | | 144 | | |
TTM Technologies, Inc.* (Electronic
Equipment, Instruments & Components) | | | 96 | | | | 1,860 | | |
Tucows, Inc.*—Class A (IT Services) | | | 7 | | | | 176 | | |
Turning Point Brands, Inc. (Tobacco) | | | 16 | | | | 604 | | |
Turtle Beach Corp.* (Technology
Hardware, Storage & Peripherals) | | | 16 | | | | 232 | | |
Tutor Perini Corp.* (Construction &
Engineering) | | | 41 | | | | 1,020 | | |
Twin Disc, Inc. (Machinery) | | | 11 | | | | 159 | | |
Twist Bioscience Corp.* (Biotechnology) | | | 54 | | | | 3,014 | | |
Two Harbors Investment Corp. (Mortgage
REITs) | | | 98 | | | | 1,320 | | |
TXNM Energy, Inc. (Electric Utilities) | | | 85 | | | | 3,534 | | |
Tyra Biosciences, Inc.* (Biotechnology) | | | 19 | | | | 421 | | |
U.S. Physical Therapy, Inc. (Health Care
Providers & Services) | | | 14 | | | | 1,365 | | |
Udemy, Inc.* (Diversified Consumer Services) | | | 90 | | | | 832 | | |
UFP Industries, Inc. (Building Products) | | | 57 | | | | 7,519 | | |
UFP Technologies, Inc.* (Health Care
Equipment & Supplies) | | | 7 | | | | 2,251 | | |
Ultra Clean Holdings, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 41 | | | | 1,774 | | |
Ultralife Corp.* (Electrical Equipment) | | | 10 | | | | 120 | | |
UMB Financial Corp. (Banks) | | | 42 | | | | 4,285 | | |
UMH Properties, Inc. (Residential REITs) | | | 60 | | | | 1,066 | | |
UniFirst Corp. (Commercial Services &
Supplies) | | | 14 | | | | 2,723 | | |
Unisys Corp.* (IT Services) | | | 62 | | | | 295 | | |
United Bankshares, Inc. (Banks) | | | 124 | | | | 4,827 | | |
United Community Banks, Inc. (Banks) | | | 113 | | | | 3,497 | | |
United Fire Group, Inc. (Insurance) | | | 20 | | | | 448 | | |
United Homes Group, Inc.* (Household
Durables) | | | 4 | | | | 25 | | |
United Natural Foods, Inc.* (Consumer
Staples Distribution & Retail) | | | 55 | | | | 853 | | |
Common Stocks, continued
| | | Shares | | Value | |
United Parks & Resorts, Inc.* (Hotels,
Restaurants & Leisure) | | | 33 | | | $ | 1,737 | | |
United States Lime & Minerals, Inc.
(Construction Materials) | | | 10 | | | | 851 | | |
Uniti Group, Inc. (Specialized REITs) | | | 225 | | | | 864 | | |
Unitil Corp. (Multi-Utilities) | | | 15 | | | | 919 | | |
Unity Bancorp, Inc. (Banks) | | | 7 | | | | 242 | | |
Universal Corp. (Tobacco) | | | 23 | | | | 1,229 | | |
Universal Health Realty Income Trust
(Health Care REITs) | | | 12 | | | | 513 | | |
Universal Insurance Holdings, Inc. (Insurance) | | | 23 | | | | 456 | | |
Universal Logistics Holdings, Inc. (Ground
Transportation) | | | 6 | | | | 258 | | |
Universal Stainless & Alloy Products, Inc.*
(Metals & Mining) | | | 8 | | | | 300 | | |
Universal Technical Institute, Inc.*
(Diversified Consumer Services) | | | 37 | | | | 701 | | |
Univest Financial Corp. (Banks) | | | 27 | | | | 747 | | |
Upbound Group, Inc. (Specialty Retail) | | | 50 | | | | 1,887 | | |
Upstart Holdings, Inc.* (Consumer Finance) | | | 73 | | | | 2,039 | | |
Upwork, Inc.* (Professional Services) | | | 117 | | | | 1,418 | | |
Uranium Energy Corp.* (Oil, Gas &
Consumable Fuels) | | | 371 | | | | 2,200 | | |
Urban Edge Properties (Retail REITs) | | | 113 | | | | 2,294 | | |
Urban Outfitters, Inc.* (Specialty Retail) | | | 60 | | | | 2,763 | | |
Ur-Energy, Inc.* (Oil, Gas & Consumable
Fuels) | | | 258 | | | | 320 | | |
UroGen Pharma, Ltd.* (Biotechnology) | | | 32 | | | | 526 | | |
USANA Health Sciences, Inc.* (Personal
Care Products) | | | 11 | | | | 491 | | |
USCB Financial Holdings, Inc. (Banks) | | | 10 | | | | 167 | | |
Utah Medical Products, Inc. (Health Care
Equipment & Supplies) | | | 4 | | | | 278 | | |
Utz Brands, Inc. (Food Products) | | | 61 | | | | 905 | | |
V2X, Inc.* (Aerospace & Defense) | | | 12 | | | | 626 | | |
VAALCO Energy, Inc. (Oil, Gas & Consumable
Fuels) | | | 98 | | | | 702 | | |
Vacasa, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 9 | | | | 37 | | |
Valaris, Ltd.* (Energy Equipment & Services) | | | 60 | | | | 4,715 | | |
Valhi, Inc. (Chemicals) | | | 3 | | | | 63 | | |
Valley National Bancorp (Banks) | | | 407 | | | | 3,419 | | |
Value Line, Inc. (Capital Markets) | | | 1 | | | | 47 | | |
Vanda Pharmaceuticals, Inc.* (Biotechnology) | | | 54 | | | | 315 | | |
Varex Imaging Corp.* (Health Care
Equipment & Supplies) | | | 37 | | | | 547 | | |
Varonis Systems, Inc.* (Software) | | | 104 | | | | 5,734 | | |
Vaxcyte, Inc.* (Biotechnology) | | | 103 | | | | 8,127 | | |
Vector Group, Ltd. (Tobacco) | | | 139 | | | | 1,775 | | |
Veeco Instruments, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 52 | | | | 2,153 | | |
Velocity Financial, Inc.* (Financial Services) | | | 8 | | | | 151 | | |
Ventyx Biosciences, Inc.* (Pharmaceuticals) | | | 57 | | | | 132 | | |
Vera Bradley, Inc.* (Textiles, Apparel &
Luxury Goods) | | | 25 | | | | 172 | | |
Vera Therapeutics, Inc.* (Biotechnology) | | | 37 | | | | 1,354 | | |
Veracyte, Inc.* (Biotechnology) | | | 72 | | | | 1,728 | | |
Verastem, Inc.* (Biotechnology) | | | 24 | | | | 62 | | |
Verde Clean Fuels, Inc.* (Oil, Gas &
Consumable Fuels) | | | 2 | | | | 9 | | |
Vericel Corp.* (Biotechnology) | | | 46 | | | | 2,324 | | |
Verint Systems, Inc.* (Software) | | | 59 | | | | 2,132 | | |
See accompanying notes to the financial statements.
110 :: Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Veris Residential, Inc. (Residential REITs) | | | 74 | | | $ | 1,163 | | |
Veritex Holdings, Inc. (Banks) | | | 50 | | | | 1,254 | | |
Verra Mobility Corp.* (Professional Services) | | | 157 | | | | 4,730 | | |
Verrica Pharmaceuticals, Inc.* (Pharmaceuticals) | | | 18 | | | | 119 | | |
Vertex, Inc.*—Class A (Software) | | | 51 | | | | 2,022 | | |
Veru, Inc.* (Personal Care Products) | | | 123 | | | | 115 | | |
Verve Therapeutics, Inc.* (Biotechnology) | | | 67 | | | | 469 | | |
Viad Corp.* (Commercial Services & Supplies) | | | 19 | | | | 632 | | |
Viant Technology, Inc.*—Class A (Software) | | | 14 | | | | 163 | | |
Viasat, Inc.* (Communications Equipment) | | | 115 | | | | 2,325 | | |
Viavi Solutions, Inc.* (Communications
Equipment) | | | 207 | | | | 1,664 | | |
Vicor Corp.* (Electrical Equipment) | | | 21 | | | | 884 | | |
Victoria's Secret & Co.* (Specialty Retail) | | | 74 | | | | 1,314 | | |
Victory Capital Holdings, Inc.—Class A
(Capital Markets) | | | 39 | | | | 2,043 | | |
Viemed Healthcare, Inc.* (Health Care
Providers & Services) | | | 32 | | | | 231 | | |
Village Super Market, Inc.—Class A
(Consumer Staples Distribution & Retail) | | | 8 | | | | 253 | | |
Vimeo, Inc.* (Interactive Media & Services) | | | 139 | | | | 559 | | |
Vir Biotechnology, Inc.* (Biotechnology) | | | 85 | | | | 864 | | |
Virco Mfg. Corp. (Commercial Services &
Supplies) | | | 10 | | | | 176 | | |
Virgin Galactic Holdings, Inc.* (Aerospace &
Defense) | | | 18 | | | | 131 | | |
Virginia National Bankshares Corp. (Banks) | | | 5 | | | | 195 | | |
Viridian Therapeutics, Inc.* (Biotechnology) | | | 59 | | | | 994 | | |
VirTra, Inc.* (Aerospace & Defense) | | | 10 | | | | 88 | | |
Virtus Investment Partners, Inc. (Capital
Markets) | | | 6 | | | | 1,356 | | |
Vishay Intertechnology, Inc. (Electronic
Equipment, Instruments & Components) | | | 119 | | | | 2,893 | | |
Vishay Precision Group, Inc.* (Electronic
Equipment, Instruments & Components) | | | 12 | | | | 411 | | |
Vista Outdoor, Inc.* (Leisure Products) | | | 55 | | | | 2,234 | | |
Visteon Corp.* (Automobile Components) | | | 26 | | | | 3,005 | | |
Vital Energy, Inc.* (Oil, Gas & Consumable
Fuels) | | | 27 | | | | 1,177 | | |
Vital Farms, Inc.* (Food Products) | | | 31 | | | | 1,131 | | |
Vitesse Energy, Inc. (Oil, Gas &
Consumable Fuels) | | | 23 | | | | 597 | | |
Vivid Seats, Inc.*—Class A (Entertainment) | | | 74 | | | | 361 | | |
Vizio Holding Corp.*—Class A (Household
Durables) | | | 84 | | | | 922 | | |
Voyager Therapeutics, Inc.* (Biotechnology) | | | 43 | | | | 395 | | |
VSE Corp. (Commercial Services & Supplies) | | | 13 | | | | 1,157 | | |
W&T Offshore, Inc. (Oil, Gas &
Consumable Fuels) | | | 92 | | | | 222 | | |
Wabash National Corp. (Machinery) | | | 42 | | | | 903 | | |
WaFd, Inc. (Banks) | | | 63 | | | | 2,242 | | |
Waldencast PLC*—Class A (Personal Care
Products) | | | 23 | | | | 72 | | |
Walker & Dunlop, Inc. (Financial Services) | | | 31 | | | | 3,314 | | |
Warby Parker, Inc.*—Class A (Specialty Retail) | | | 82 | | | | 1,351 | | |
Warrior Met Coal, Inc. (Metals & Mining) | | | 49 | | | | 3,386 | | |
Washington Trust Bancorp, Inc. (Banks) | | | 16 | | | | 512 | | |
Waterstone Financial, Inc. (Financial Services) | | | 15 | | | | 224 | | |
Watts Water Technologies, Inc.—Class A
(Machinery) | | | 26 | | | | 5,396 | | |
WaVe Life Sciences, Ltd.* (Pharmaceuticals) | | | 73 | | | | 483 | | |
WD-40 Co. (Household Products) | | | 13 | | | | 3,400 | | |
Common Stocks, continued
| | | Shares | | Value | |
Weave Communications, Inc.* (Software) | | | 37 | | | $ | 370 | | |
Weis Markets, Inc. (Consumer Staples
Distribution & Retail) | | | 15 | | | | 1,132 | | |
Werewolf Therapeutics, Inc.* (Biotechnology) | | | 28 | | | | 63 | | |
Werner Enterprises, Inc. (Ground
Transportation) | | | 60 | | | | 2,351 | | |
WesBanco, Inc. (Banks) | | | 54 | | | | 1,722 | | |
West Bancorp, Inc. (Banks) | | | 15 | | | | 311 | | |
Westamerica Bancorp (Banks) | | | 24 | | | | 1,295 | | |
Westrock Coffee Co.* (Food Products) | | | 32 | | | | 317 | | |
Weyco Group, Inc. (Distributors) | | | 5 | | | | 174 | | |
Wheels Up Experience, Inc.* (Passenger
Airlines) | | | 84 | | | | 221 | | |
Whitestone REIT (Retail REITs) | | | 46 | | | | 635 | | |
Whole Earth Brands, Inc.* (Food Products) | | | 31 | | | | 151 | | |
WideOpenWest, Inc.* (Media) | | | 46 | | | | 251 | | |
Willdan Group, Inc.* (Professional Services) | | | 12 | | | | 407 | | |
Willis Lease Finance Corp. (Trading
Companies & Distributors) | | | 3 | | | | 259 | | |
Winmark Corp. (Specialty Retail) | | | 3 | | | | 1,187 | | |
Winnebago Industries, Inc. (Automobiles) | | | 27 | | | | 1,688 | | |
WisdomTree, Inc. (Capital Markets) | | | 132 | | | | 1,576 | | |
WK Kellogg Co. (Food Products) | | | 62 | | | | 1,091 | | |
WM Technology, Inc.* (Software) | | | 77 | | | | 83 | | |
WNS Holdings, Ltd.* (Professional Services) | | | 43 | | | | 2,562 | | |
Wolverine World Wide, Inc. (Textiles,
Apparel & Luxury Goods) | | | 75 | | | | 1,115 | | |
Workiva, Inc.* (Software) | | | 48 | | | | 3,541 | | |
World Acceptance Corp.* (Consumer Finance) | | | 4 | | | | 488 | | |
World Kinect Corp. (Oil, Gas &
Consumable Fuels) | | | 56 | | | | 1,564 | | |
Worthington Enterprises, Inc. (Household
Durables) | | | 30 | | | | 1,497 | | |
Worthington Steel, Inc. (Metals & Mining) | | | 31 | | | | 1,236 | | |
WSFS Financial Corp. (Banks) | | | 57 | | | | 3,220 | | |
X4 Pharmaceuticals, Inc.* (Biotechnology) | | | 157 | | | | 126 | | |
XBiotech, Inc.* (Biotechnology) | | | 17 | | | | 131 | | |
Xencor, Inc.* (Biotechnology) | | | 56 | | | | 1,144 | | |
Xenia Hotels & Resorts, Inc. (Hotel &
Resort REITs) | | | 96 | | | | 1,332 | | |
Xeris Biopharma Holdings, Inc.*
(Pharmaceuticals) | | | 132 | | | | 327 | | |
Xerox Holdings Corp. (Technology
Hardware, Storage & Peripherals) | | | 110 | | | | 1,184 | | |
XOMA Royalty Corp.* (Biotechnology) | | | 7 | | | | 187 | | |
Xometry, Inc.*—Class A (Trading
Companies & Distributors) | | | 40 | | | | 585 | | |
XPEL, Inc.* (Automobile Components) | | | 23 | | | | 940 | | |
Xperi, Inc.* (Software) | | | 42 | | | | 343 | | |
Xponential Fitness, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 23 | | | | 395 | | |
Yelp, Inc.* (Interactive Media & Services) | | | 62 | | | | 2,259 | | |
Yext, Inc.* (Software) | | | 99 | | | | 570 | | |
Y-mAbs Therapeutics, Inc.* (Biotechnology) | | | 34 | | | | 418 | | |
Zentalis Pharmaceuticals, Inc.* (Biotechnology) | | | 54 | | | | 210 | | |
Zeta Global Holdings Corp.*—Class A
(Software) | | | 155 | | | | 3,320 | | |
Zevra Therapeutics, Inc.* (Pharmaceuticals) | | | 39 | | | | 253 | | |
Ziff Davis, Inc.* (Interactive Media & Services) | | | 43 | | | | 2,059 | | |
Zimvie, Inc.* (Health Care Equipment &
Supplies) | | | 25 | | | | 529 | | |
ZipRecruiter, Inc.* (Interactive Media & Services) | | | 68 | | | | 623 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Small-Cap ProFund :: 111
Common Stocks, continued
| | | Shares | | Value | |
Zumiez, Inc.* (Specialty Retail) | | | 15 | | | $ | 381 | | |
Zuora, Inc.*—Class A (Software) | | | 122 | | | | 1,107 | | |
Zura Bio, Ltd.* (Biotechnology) | | | 19 | | | | 75 | | |
Zurn Elkay Water Solutions Corp.
(Building Products) | | | 137 | | | | 4,447 | | |
Zymeworks, Inc.* (Biotechnology) | | | 52 | | | | 544 | | |
Zynex, Inc.* (Health Care Equipment &
Supplies) | | | 14 | | | | 126 | | |
TOTAL COMMON STOCKS
(Cost $1,396,789) | | | | | 2,538,712 | | |
Rights(NM)
Cartesian Therapeutics, Inc., CVR*+
(Pharmaceuticals) | | | 98 | | | | 18 | | |
Chinook Therapeutics CVR*+ (Health Care
Providers & Services) | | | 56 | | | | — | | |
TOTAL RIGHTS
(Cost $—) | | | | | 18 | | |
Trust (0.0%)
| | | Interest
Units | | Value | |
Ferroglobe Representation and Warranty | |
Insurance*+ (Metals & Mining) | | | 290 | | | $ | — | | |
TOTAL TRUST
(Cost $—) | | | | | — | | |
Repurchase Agreements(b)(c) (48.0%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $2,413,348 | | $ | 2,413,000 | | | $ | 2,413,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $2,413,000) | | | | | 2,413,000 | | |
Collateral for Securities Loaned(d) (0.5%)
| | | Shares | | Value | |
Invesco Government & Agency Portfolio—
Institutional Shares, 5.22%(e) | | | 27,000 | | | $ | 27,000 | | |
TOTAL COLLATERAL FOR SECURITIES LOANED
(Cost $27,000) | | | | | 27,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $3,836,789)—99.1% | | | | | 4,978,730 | | |
Net other assets (liabilities)—0.9% | | | | | 47,731 | | |
NET ASSETS—100.0% | | | | $ | 5,026,461 | | |
† 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, 2024, 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, 2024. The total value of securities on loan as of July 31, 2024 was $26,254.
(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, 2024, the aggregate amount held in a segregated account was $252,000.
(d) Securities were purchased with cash collateral held from securities on loan at July 31, 2024.
(e) Rate periodically changes. Rate disclosed is the daily yield on July 31, 2024.
NM Not meaningful, amount is less than 0.05%.
CVR Contingent Value Rights
REIT Real Estate Investment Trust
Futures Contracts Purchased
| | | Number
of
Contracts | | Expiration
Date | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
E-Mini Russell 2000 Index Futures Contracts | | | 3 | | | 9/23/24 | | $ | 340,950 | | | $ | 30,193 | | |
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 | | 8/27/24 | | | 5.88 | % | | $ | 1,729,189 | | | $ | 28,439 | | |
Russell 2000 Index | | UBS AG | | 8/27/24 | | | 5.68 | % | | | 417,079 | | | | 3,433 | | |
| | | | | | | | | $ | 2,146,268 | | | $ | 31,872 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
112 :: Small-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Small-Cap ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Aerospace & Defense | | $ | 26,756 | | | | 0.5 | % | |
Air Freight & Logistics | | | 4,292 | | | | 0.1 | % | |
Automobile Components | | | 35,693 | | | | 0.7 | % | |
Automobiles | | | 1,924 | | | | NM | | |
Banks | | | 255,454 | | | | 5.1 | % | |
Beverages | | | 6,851 | | | | 0.1 | % | |
Biotechnology | | | 225,624 | | | | 4.5 | % | |
Broadline Retail | | | 631 | | | | NM | | |
Building Products | | | 38,636 | | | | 0.8 | % | |
Capital Markets | | | 42,426 | | | | 0.8 | % | |
Chemicals | | | 50,284 | | | | 1.0 | % | |
Commercial Services & Supplies | | | 44,355 | | | | 0.9 | % | |
Communications Equipment | | | 15,731 | | | | 0.3 | % | |
Construction & Engineering | | | 37,841 | | | | 0.8 | % | |
Construction Materials | | | 10,043 | | | | 0.2 | % | |
Consumer Finance | | | 22,045 | | | | 0.4 | % | |
Consumer Staples Distribution & Retail | | | 19,094 | | | | 0.4 | % | |
Containers & Packaging | | | 6,574 | | | | 0.1 | % | |
Distributors | | | 851 | | | | NM | | |
Diversified Consumer Services | | | 23,648 | | | | 0.5 | % | |
Diversified REITs | | | 16,235 | | | | 0.3 | % | |
Diversified Telecommunication Services | | | 16,403 | | | | 0.3 | % | |
Electric Utilities | | | 20,339 | | | | 0.4 | % | |
Electrical Equipment | | | 36,394 | | | | 0.7 | % | |
Electronic Equipment, Instruments &
Components | | | 75,832 | | | | 1.5 | % | |
Energy Equipment & Services | | | 67,448 | | | | 1.3 | % | |
Entertainment | | | 12,363 | | | | 0.2 | % | |
Financial Services | | | 66,960 | | | | 1.3 | % | |
Food Products | | | 24,031 | | | | 0.5 | % | |
Gas Utilities | | | 24,229 | | | | 0.5 | % | |
Ground Transportation | | | 12,544 | | | | 0.3 | % | |
Health Care Equipment & Supplies | | | 81,926 | | | | 1.6 | % | |
Health Care Providers & Services | | | 72,725 | | | | 1.5 | % | |
Health Care REITs | | | 14,773 | | | | 0.3 | % | |
Health Care Technology | | | 8,715 | | | | 0.2 | % | |
Hotel & Resort REITs | | | 18,675 | | | | 0.4 | % | |
Hotels, Restaurants & Leisure | | | 44,369 | | | | 0.9 | % | |
Household Durables | | | 61,071 | | | | 1.2 | % | |
Household Products | | | 7,897 | | | | 0.2 | % | |
Independent Power and Renewable
Electricity Producers | | | 5,277 | | | | 0.1 | % | |
Industrial Conglomerates | | | 541 | | | | NM | | |
Industrial REITs | | | 13,395 | | | | 0.3 | % | |
| | | Value | | % of
Net Assets | |
Insurance | | $ | 46,621 | | | | 0.9 | % | |
Interactive Media & Services | | | 14,938 | | | | 0.3 | % | |
IT Services | | | 14,096 | | | | 0.3 | % | |
Leisure Products | | | 11,395 | | | | 0.2 | % | |
Life Sciences Tools & Services | | | 7,468 | | | | 0.2 | % | |
Machinery | | | 97,138 | | | | 1.9 | % | |
Marine Transportation | | | 7,803 | | | | 0.2 | % | |
Media | | | 18,551 | | | | 0.4 | % | |
Metals & Mining | | | 45,667 | | | | 0.9 | % | |
Mortgage REITs | | | 27,728 | | | | 0.6 | % | |
Multi-Utilities | | | 10,775 | | | | 0.2 | % | |
Office REITs | | | 19,601 | | | | 0.4 | % | |
Oil, Gas & Consumable Fuels | | | 85,599 | | | | 1.7 | % | |
Paper & Forest Products | | | 3,265 | | | | 0.1 | % | |
Passenger Airlines | | | 9,824 | | | | 0.2 | % | |
Personal Care Products | | | 7,655 | | | | 0.2 | % | |
Pharmaceuticals | | | 42,048 | | | | 0.8 | % | |
Professional Services | | | 64,025 | | | | 1.3 | % | |
Real Estate Management &
Development | | | 18,870 | | | | 0.4 | % | |
Residential REITs | | | 10,941 | | | | 0.2 | % | |
Retail REITs | | | 30,547 | | | | 0.6 | % | |
Semiconductors & Semiconductor
Equipment | | | 58,886 | | | | 1.2 | % | |
Software | | | 147,851 | | | | 2.9 | % | |
Specialized REITs | | | 10,868 | | | | 0.2 | % | |
Specialty Retail | | | 61,679 | | | | 1.2 | % | |
Technology Hardware, Storage &
Peripherals | | | 5,265 | | | | 0.1 | % | |
Textiles, Apparel & Luxury Goods | | | 14,225 | | | | 0.3 | % | |
Tobacco | | | 3,746 | | | | 0.1 | % | |
Trading Companies & Distributors | | | 57,597 | | | | 1.1 | % | |
Transportation Infrastructure | | | 113 | | | | NM | | |
Water Utilities | | | 10,264 | | | | 0.2 | % | |
Wireless Telecommunication Services | | | 2,786 | | | | 0.1 | % | |
Other** | | | 2,487,731 | | | | 49.4 | % | |
Total | | $ | 5,026,461 | | | | 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%.
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Small-Cap Value ProFund :: 113
Common Stocks (99.4%)
| | | Shares | | Value | |
3D Systems Corp.* (Machinery) | | | 10,495 | | | $ | 38,307 | | |
A10 Networks, Inc. (Software) | | | 2,916 | | | | 38,170 | | |
AAR Corp.* (Aerospace & Defense) | | | 729 | | | | 47,093 | | |
ABM Industries, Inc. (Commercial Services &
Supplies) | | | 4,978 | | | | 276,577 | | |
Academy Sports & Outdoors, Inc. (Specialty
Retail) | | | 5,799 | | | | 313,551 | | |
Acadia Realty Trust (Retail REITs) | | | 8,112 | | | | 175,544 | | |
ACI Worldwide, Inc.* (Software) | | | 3,066 | | | | 132,543 | | |
AdaptHealth Corp.* (Health Care Providers &
Services) | | | 6,143 | | | | 69,784 | | |
Addus HomeCare Corp.* (Health Care
Providers & Services) | | | 810 | | | | 98,302 | | |
Adeia, Inc. (Software) | | | 5,122 | | | | 60,184 | | |
Advance Auto Parts, Inc. (Specialty Retail) | | | 4,685 | | | | 296,700 | | |
Advanced Energy Industries, Inc. (Electronic
Equipment, Instruments & Components) | | | 1,119 | | | | 130,218 | | |
AdvanSix, Inc. (Chemicals) | | | 2,107 | | | | 58,933 | | |
Air Lease Corp. (Trading Companies &
Distributors) | | | 6,430 | | | | 319,056 | | |
Alaska Air Group, Inc.* (Passenger Airlines) | | | 9,972 | | | | 374,248 | | |
Albany International Corp. (Machinery) | | | 1,275 | | | | 119,315 | | |
Alexander & Baldwin, Inc. (Diversified REITs) | | | 5,707 | | | | 112,485 | | |
Alkermes PLC* (Biotechnology) | | | 4,788 | | | | 130,808 | | |
Allegiant Travel Co. (Passenger Airlines) | | | 1,137 | | | | 63,752 | | |
Alpha & Omega Semiconductor, Ltd.*
(Semiconductors & Semiconductor
Equipment) | | | 1,831 | | | | 75,803 | | |
AMC Networks, Inc.*—Class A (Media) | | | 2,435 | | | | 27,102 | | |
American Assets Trust, Inc. (Diversified REITs) | | | 3,829 | | | | 101,545 | | |
American Axle & Manufacturing Holdings,
Inc.* (Automobile Components) | | | 9,249 | | | | 68,720 | | |
American States Water Co. (Water Utilities) | | | 1,377 | | | | 113,644 | | |
American Woodmark Corp.* (Building
Products) | | | 546 | | | | 55,774 | | |
Ameris Bancorp (Banks) | | | 5,087 | | | | 309,747 | | |
AMERISAFE, Inc. (Insurance) | | | 861 | | | | 40,880 | | |
AMN Healthcare Services, Inc.* (Health Care
Providers & Services) | | | 1,377 | | | | 93,113 | | |
Apogee Enterprises, Inc. (Building Products) | | | 958 | | | | 65,757 | | |
Apollo Commercial Real Estate Finance, Inc.
(Mortgage REITs) | | | 3,910 | | | | 42,619 | | |
Arbor Realty Trust, Inc.(a) (Mortgage REITs) | | | 14,824 | | | | 200,124 | | |
Arch Resources, Inc. (Metals & Mining) | | | 442 | | | | 64,775 | | |
Arcosa, Inc. (Construction & Engineering) | | | 1,567 | | | | 145,590 | | |
Arcus Biosciences, Inc.* (Biotechnology) | | | 2,532 | | | | 41,550 | | |
Armada Hoffler Properties, Inc. (Diversified
REITs) | | | 3,009 | | | | 35,747 | | |
ARMOUR Residential REIT, Inc. (Mortgage
REITs) | | | 1,189 | | | | 24,018 | | |
Artisan Partners Asset Management, Inc.—
Class A (Capital Markets) | | | 2,423 | | | | 107,000 | | |
Artivion, Inc.* (Health Care Equipment &
Supplies) | | | 1,435 | | | | 38,960 | | |
Asbury Automotive Group, Inc.* (Specialty
Retail) | | | 810 | | | | 218,068 | | |
Assured Guaranty, Ltd. (Insurance) | | | 1,625 | | | | 133,851 | | |
Astec Industries, Inc. (Machinery) | | | 1,785 | | | | 62,636 | | |
Atlantic Union Bankshares Corp. (Banks) | | | 7,061 | | | | 291,549 | | |
Avanos Medical, Inc.* (Health Care
Equipment & Supplies) | | | 3,611 | | | | 86,375 | | |
Common Stocks, continued
| | | Shares | | Value | |
Avista Corp. (Multi-Utilities) | | | 6,149 | | | $ | 240,918 | | |
Axos Financial, Inc.* (Banks) | | | 1,475 | | | | 107,690 | | |
B Riley Financial, Inc.(a) (Capital Markets) | | | 1,292 | | | | 24,806 | | |
B&G Foods, Inc. (Food Products) | | | 6,219 | | | | 53,608 | | |
Balchem Corp. (Chemicals) | | | 1,119 | | | | 198,577 | | |
Banc of California, Inc. (Banks) | | | 10,914 | | | | 152,578 | | |
BancFirst Corp. (Banks) | | | 436 | | | | 46,839 | | |
Bank of Hawaii Corp. (Banks) | | | 1,877 | | | | 128,743 | | |
BankUnited, Inc. (Banks) | | | 5,874 | | | | 226,266 | | |
Banner Corp. (Banks) | | | 2,704 | | | | 160,131 | | |
Barnes Group, Inc. (Machinery) | | | 3,991 | | | | 160,997 | | |
Benchmark Electronics, Inc. (Electronic
Equipment, Instruments & Components) | | | 2,831 | | | | 135,520 | | |
Berkshire Hills Bancorp, Inc. (Banks) | | | 1,706 | | | | 47,086 | | |
BGC Group, Inc.—Class A (Capital Markets) | | | 12,677 | | | | 116,755 | | |
BioLife Solutions, Inc.* (Life Sciences Tools &
Services) | | | 1,142 | | | | 27,431 | | |
BJ's Restaurants, Inc.* (Hotels, Restaurants &
Leisure) | | | 1,843 | | | | 58,202 | | |
BlackLine, Inc.* (Software) | | | 1,331 | | | | 63,249 | | |
Blackstone Mortgage Trust, Inc.(a)—Class A
(Mortgage REITs) | | | 13,652 | | | | 243,688 | | |
Bloomin' Brands, Inc. (Hotels, Restaurants &
Leisure) | | | 3,468 | | | | 72,308 | | |
Box, Inc.*—Class A (Software) | | | 4,426 | | | | 124,459 | | |
Brady Corp.—Class A (Commercial Services &
Supplies) | | | 1,229 | | | | 88,009 | | |
Brandywine Realty Trust (Office REITs) | | | 13,550 | | | | 68,292 | | |
Bread Financial Holdings, Inc. (Consumer
Finance) | | | 3,898 | | | | 212,752 | | |
Brightsphere Investment Group, Inc.
(Capital Markets) | | | 930 | | | | 24,357 | | |
Brinker International, Inc.* (Hotels,
Restaurants & Leisure) | | | 2,027 | | | | 135,424 | | |
Bristow Group, Inc.* (Energy Equipment &
Services) | | | 1,900 | | | | 72,105 | | |
Brookline Bancorp, Inc. (Banks) | | | 6,993 | | | | 73,357 | | |
Cable One, Inc. (Media) | | | 362 | | | | 149,644 | | |
Cactus, Inc.—Class A (Energy Equipment &
Services) | | | 1,964 | | | | 123,968 | | |
Calavo Growers, Inc. (Food Products) | | | 1,401 | | | | 33,330 | | |
Caleres, Inc. (Specialty Retail) | | | 2,601 | | | | 100,295 | | |
California Water Service Group (Water Utilities) | | | 2,721 | | | | 145,465 | | |
Calix, Inc.* (Communications Equipment) | | | 2,343 | | | | 96,368 | | |
Capitol Federal Financial, Inc. (Banks) | | | 9,714 | | | | 61,392 | | |
CareTrust REIT, Inc. (Health Care REITs) | | | 4,133 | | | | 111,426 | | |
Cathay General Bancorp (Banks) | | | 3,037 | | | | 134,600 | | |
Centerspace (Residential REITs) | | | 1,171 | | | | 81,771 | | |
Central Garden & Pet Co.* (Household
Products) | | | 746 | | | | 29,721 | | |
Central Garden & Pet Co.*—Class A
(Household Products) | | | 4,260 | | | | 146,374 | | |
Central Pacific Financial Corp. (Banks) | | | 2,124 | | | | 55,415 | | |
Century Aluminum Co.* (Metals & Mining) | | | 4,082 | | | | 61,679 | | |
Century Communities, Inc. (Household
Durables) | | | 1,091 | | | | 114,239 | | |
Certara, Inc.* (Health Care Technology) | | | 3,560 | | | | 55,572 | | |
CEVA, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 1,056 | | | | 21,173 | | |
Chesapeake Utilities Corp. (Gas Utilities) | | | 964 | | | | 113,781 | | |
See accompanying notes to the financial statements.
114 :: Small-Cap Value ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Chuy's Holdings, Inc.* (Hotels, Restaurants &
Leisure) | | | 579 | | | $ | 21,475 | | |
City Holding Co. (Banks) | | | 465 | | | | 56,684 | | |
Clearwater Paper Corp.* (Paper & Forest
Products) | | | 1,315 | | | | 72,943 | | |
Clearway Energy, Inc.—Class A (Independent
Power and Renewable Electricity Producers) | | | 2,721 | | | | 67,018 | | |
Clearway Energy, Inc.—Class C (Independent
Power and Renewable Electricity Producers) | | | 6,487 | | | | 173,073 | | |
Cohen & Steers, Inc. (Capital Markets) | | | 1,050 | | | | 90,111 | | |
Cohu, Inc.* (Semiconductors & Semiconductor
Equipment) | | | 2,181 | | | | 69,770 | | |
Comerica, Inc. (Banks) | | | 10,420 | | | | 571,119 | | |
Community Financial System, Inc. (Banks) | | | 4,151 | | | | 256,034 | | |
Community Healthcare Trust, Inc. (Health
Care REITs) | | | 1,154 | | | | 25,111 | | |
Compass Minerals International, Inc.
(Metals & Mining) | | | 2,664 | | | | 35,431 | | |
Comstock Resources, Inc. (Oil, Gas &
Consumable Fuels) | | | 3,721 | | | | 35,238 | | |
Consolidated Communications Holdings, Inc.*
(Diversified Telecommunication Services) | | | 5,966 | | | | 27,444 | | |
Corcept Therapeutics, Inc.* (Pharmaceuticals) | | | 2,520 | | | | 97,448 | | |
Core Laboratories, Inc. (Energy Equipment &
Services) | | | 2,067 | | | | 50,621 | | |
CoreCivic, Inc.* (Commercial Services &
Supplies) | | | 8,750 | | | | 121,975 | | |
Corsair Gaming, Inc.* (Technology Hardware,
Storage & Peripherals) | | | 3,434 | | | | 28,193 | | |
Cracker Barrel Old Country Store, Inc. (Hotels,
Restaurants & Leisure) | | | 1,745 | | | | 79,973 | | |
Cross Country Healthcare, Inc.* (Health Care
Providers & Services) | | | 2,572 | | | | 46,913 | | |
CSG Systems International, Inc. (Professional
Services) | | | 1,137 | | | | 53,257 | | |
CTS Corp. (Electronic Equipment,
Instruments & Components) | | | 1,056 | | | | 51,617 | | |
Cushman & Wakefield PLC* (Real Estate
Management & Development) | | | 15,484 | | | | 202,995 | | |
CVB Financial Corp. (Banks) | | | 10,426 | | | | 198,720 | | |
CVR Energy, Inc. (Oil, Gas & Consumable
Fuels) | | | 1,033 | | | | 29,544 | | |
Cytek Biosciences, Inc.* (Life Sciences
Tools & Services) | | | 7,545 | | | | 50,627 | | |
Dana, Inc. (Automobile Components) | | | 10,144 | | | | 128,930 | | |
Deluxe Corp. (Commercial Services &
Supplies) | | | 3,462 | | | | 84,404 | | |
Designer Brands, Inc.—Class A (Specialty
Retail) | | | 3,422 | | | | 27,924 | | |
Digi International, Inc.* (Communications
Equipment) | | | 2,864 | | | | 78,187 | | |
DigitalOcean Holdings, Inc.* (IT Services) | | | 1,900 | | | | 62,947 | | |
Dime Community Bancshares, Inc. (Banks) | | | 2,756 | | | | 69,672 | | |
Dine Brands Global, Inc. (Hotels,
Restaurants & Leisure) | | | 689 | | | | 24,694 | | |
Diodes, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 1,418 | | | | 110,888 | | |
DNOW, Inc.* (Trading Companies &
Distributors) | | | 8,394 | | | | 128,932 | | |
Dorman Products, Inc.* (Automobile
Components) | | | 677 | | | | 68,627 | | |
Common Stocks, continued
| | | Shares | | Value | |
Douglas Emmett, Inc. (Office REITs) | | | 13,164 | | | $ | 211,809 | | |
Dril-Quip, Inc.* (Energy Equipment & Services) | | | 2,704 | | | | 46,833 | | |
DXC Technology Co.* (IT Services) | | | 14,066 | | | | 286,103 | | |
DXP Enterprises, Inc.* (Trading Companies &
Distributors) | | | 1,027 | | | | 56,239 | | |
Dycom Industries, Inc.* (Construction &
Engineering) | | | 2,285 | | | | 419,320 | | |
Eagle Bancorp, Inc. (Banks) | | | 2,377 | | | | 51,153 | | |
Easterly Government Properties, Inc. (Office
REITs) | | | 8,101 | | | | 112,847 | | |
EchoStar Corp.*—Class A (Diversified
Telecommunication Services) | | | 9,473 | | | | 190,218 | | |
Edgewell Personal Care Co. (Personal Care
Products) | | | 3,898 | | | | 152,607 | | |
Elme Communities (Residential REITs) | | | 6,930 | | | | 114,067 | | |
Embecta Corp. (Health Care Equipment &
Supplies) | | | 4,536 | | | | 71,079 | | |
Employers Holdings, Inc. (Insurance) | | | 1,992 | | | | 95,636 | | |
Encore Capital Group, Inc.* (Consumer
Finance) | | | 1,866 | | | | 94,326 | | |
Energizer Holdings, Inc. (Household Products) | | | 2,831 | | | | 87,166 | | |
Enerpac Tool Group Corp. (Machinery) | | | 1,406 | | | | 56,521 | | |
Enhabit, Inc.* (Health Care Providers &
Services) | | | 3,945 | | | | 40,397 | | |
Enova International, Inc.* (Consumer Finance) | | | 2,130 | | | | 184,181 | | |
Enpro, Inc. (Machinery) | | | 907 | | | | 155,043 | | |
Envestnet, Inc.* (Software) | | | 2,285 | | | | 141,624 | | |
Enviri Corp.* (Commercial Services &
Supplies) | | | 6,304 | | | | 74,513 | | |
ePlus, Inc.* (Electronic Equipment,
Instruments & Components) | | | 821 | | | | 75,466 | | |
Essential Properties Realty Trust, Inc.
(Diversified REITs) | | | 6,614 | | | | 195,708 | | |
Ethan Allen Interiors, Inc. (Household
Durables) | | | 1,062 | | | | 32,784 | | |
Extreme Networks, Inc.* (Communications
Equipment) | | | 4,088 | | | | 58,458 | | |
EZCORP, Inc.*—Class A (Consumer Finance) | | | 4,088 | | | | 42,597 | | |
FB Financial Corp. (Banks) | | | 2,767 | | | | 129,191 | | |
First Bancorp (Banks) | | | 3,232 | | | | 135,098 | | |
First Commonwealth Financial Corp. (Banks) | | | 4,329 | | | | 78,268 | | |
First Financial Bancorp (Banks) | | | 7,509 | | | | 205,446 | | |
First Hawaiian, Inc. (Banks) | | | 10,047 | | | | 251,577 | | |
Foot Locker, Inc. (Specialty Retail) | | | 6,464 | | | | 187,844 | | |
Fortrea Holdings, Inc.* (Life Sciences
Tools & Services) | | | 7,033 | | | | 194,040 | | |
Forward Air Corp. (Air Freight & Logistics) | | | 2,485 | | | | 63,020 | | |
Four Corners Property Trust, Inc. (Specialized
REITs) | | | 4,053 | | | | 109,998 | | |
Fox Factory Holding Corp.* (Automobile
Components) | | | 2,033 | | | | 108,542 | | |
Franklin BSP Realty Trust, Inc. (Mortgage
REITs) | | | 6,442 | | | | 89,157 | | |
Fresh Del Monte Produce, Inc. (Food
Products) | | | 2,635 | | | | 66,007 | | |
Fulgent Genetics, Inc.* (Health Care
Providers & Services) | | | 1,602 | | | | 38,336 | | |
Fulton Financial Corp. (Banks) | | | 14,289 | | | | 276,778 | | |
Gates Industrial Corp. PLC* (Machinery) | | | 9,634 | | | | 179,095 | | |
Gentherm, Inc.* (Automobile Components) | | | 1,343 | | | | 74,107 | | |
Genworth Financial, Inc.* (Insurance) | | | 34,418 | | | | 233,010 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Small-Cap Value ProFund :: 115
Common Stocks, continued
| | | Shares | | Value | |
Getty Realty Corp. (Retail REITs) | | | 2,199 | | | $ | 65,134 | | |
G-III Apparel Group, Ltd.* (Textiles, Apparel &
Luxury Goods) | | | 3,146 | | | | 86,735 | | |
Global Net Lease, Inc. (Diversified REITs) | | | 15,364 | | | | 133,667 | | |
Gogo, Inc.* (Wireless Telecommunication
Services) | | | 2,549 | | | | 23,145 | | |
Golden Entertainment, Inc. (Hotels,
Restaurants & Leisure) | | | 666 | | | | 22,264 | | |
Granite Construction, Inc. (Construction &
Engineering) | | | 1,700 | | | | 116,382 | | |
Green Dot Corp.*—Class A (Consumer
Finance) | | | 3,605 | | | | 34,464 | | |
Green Plains, Inc.* (Oil, Gas & Consumable
Fuels) | | | 5,081 | | | | 90,086 | | |
Griffon Corp. (Building Products) | | | 936 | | | | 67,448 | | |
Grocery Outlet Holding Corp.* (Consumer
Staples Distribution & Retail) | | | 7,848 | | | | 153,506 | | |
H.B. Fuller Co. (Chemicals) | | | 2,181 | | | | 188,002 | | |
Hanesbrands, Inc.* (Textiles, Apparel &
Luxury Goods) | | | 27,650 | | | | 164,241 | | |
Hanmi Financial Corp. (Banks) | | | 2,377 | | | | 48,491 | | |
Hannon Armstrong Sustainable Infrastructure
Capital, Inc. (Mortgage REITs) | | | 8,938 | | | | 292,899 | | |
Harmonic, Inc.* (Communications Equipment) | | | 4,220 | | | | 61,865 | | |
Harmony Biosciences Holdings, Inc.*
(Pharmaceuticals) | | | 1,424 | | | | 48,217 | | |
Haverty Furniture Cos., Inc. (Specialty Retail) | | | 1,045 | | | | 30,587 | | |
Haynes International, Inc. (Metals & Mining) | | | 442 | | | | 26,321 | | |
Hayward Holdings, Inc.* (Building Products) | | | 9,973 | | | | 147,501 | | |
Healthcare Services Group, Inc.* (Commercial
Services & Supplies) | | | 5,793 | | | | 66,214 | | |
HealthStream, Inc. (Health Care Technology) | | | 890 | | | | 26,442 | | |
Heartland Express, Inc. (Ground
Transportation) | | | 1,620 | | | | 21,011 | | |
Heidrick & Struggles International, Inc.
(Professional Services) | | | 1,590 | | | | 63,823 | | |
Helmerich & Payne, Inc. (Energy Equipment &
Services) | | | 3,571 | | | | 144,340 | | |
Heritage Financial Corp. (Banks) | | | 2,727 | | | | 63,185 | | |
Hertz Global Holdings, Inc.* (Ground
Transportation) | | | 10,346 | | | | 42,212 | | |
Highwoods Properties, Inc. (Office REITs) | | | 8,336 | | | | 258,166 | | |
Hillenbrand, Inc. (Machinery) | | | 5,522 | | | | 244,237 | | |
Hilltop Holdings, Inc. (Banks) | | | 3,639 | | | | 120,051 | | |
HNI Corp. (Commercial Services & Supplies) | | | 1,487 | | | | 81,711 | | |
Hope Bancorp, Inc. (Banks) | | | 9,484 | | | | 124,809 | | |
Horace Mann Educators Corp. (Insurance) | | | 3,221 | | | | 111,350 | | |
Hub Group, Inc.—Class A (Air Freight &
Logistics) | | | 4,851 | | | | 226,881 | | |
Hudson Pacific Properties, Inc. (Office REITs) | | | 9,995 | | | | 59,870 | | |
IAC, Inc.* (Interactive Media & Services) | | | 3,295 | | | | 174,008 | | |
Ichor Holdings, Ltd.* (Semiconductors &
Semiconductor Equipment) | | | 2,629 | | | | 89,386 | | |
ICU Medical, Inc.* (Health Care Equipment &
Supplies) | | | 1,608 | | | | 204,185 | | |
Inari Medical, Inc.* (Health Care Equipment &
Supplies) | | | 1,745 | | | | 81,247 | | |
Independent Bank Corp. (Banks) | | | 3,335 | | | | 213,940 | | |
Independent Bank Group, Inc. (Banks) | | | 2,825 | | | | 166,845 | | |
Ingevity Corp.* (Chemicals) | | | 2,658 | | | | 121,976 | | |
Innospec, Inc. (Chemicals) | | | 723 | | | | 94,814 | | |
Common Stocks, continued
| | | Shares | | Value | |
Innovative Industrial Properties, Inc.
(Industrial REITs) | | | 1,004 | | | $ | 123,301 | | |
Innoviva, Inc.* (Pharmaceuticals) | | | 2,158 | | | | 40,657 | | |
Insight Enterprises, Inc.* (Electronic
Equipment, Instruments & Components) | | | 758 | | | | 170,171 | | |
Insteel Industries, Inc. (Building Products) | | | 569 | | | | 19,488 | | |
Integra LifeSciences Holdings Corp.* (Health
Care Equipment & Supplies) | | | 5,385 | | | | 133,602 | | |
Interface, Inc. (Commercial Services &
Supplies) | | | 4,581 | | | | 79,160 | | |
Ironwood Pharmaceuticals, Inc.*
(Biotechnology) | | | 4,731 | | | | 32,313 | | |
Itron, Inc.* (Electronic Equipment,
Instruments & Components) | | | 1,843 | | | | 190,640 | | |
Jackson Financial, Inc.—Class A (Financial
Services) | | | 5,333 | | | | 469,624 | | |
JBG SMITH Properties (Office REITs) | | | 6,574 | | | | 107,485 | | |
JetBlue Airways Corp.* (Passenger Airlines) | | | 26,748 | | | | 171,455 | | |
John B Sanfilippo & Son, Inc. (Food Products) | | | 333 | | | | 34,922 | | |
John Bean Technologies Corp. (Machinery) | | | 999 | | | | 98,282 | | |
John Wiley & Sons, Inc.—Class A (Media) | | | 3,307 | | | | 157,909 | | |
Kaiser Aluminum Corp. (Metals & Mining) | | | 1,252 | | | | 98,521 | | |
Kelly Services, Inc.—Class A (Professional
Services) | | | 2,531 | | | | 59,554 | | |
Kennametal, Inc. (Machinery) | | | 6,183 | | | | 161,623 | | |
Kennedy-Wilson Holdings, Inc. (Real Estate
Management & Development) | | | 9,192 | | | | 95,689 | | |
KKR Real Estate Finance Trust, Inc.
(Mortgage REITs) | | | 4,576 | | | | 52,532 | | |
Knowles Corp.* (Electronic Equipment,
Instruments & Components) | | | 4,162 | | | | 76,040 | | |
Kohl's Corp. (Broadline Retail) | | | 8,721 | | | | 188,897 | | |
Koppers Holdings, Inc. (Chemicals) | | | 787 | | | | 32,039 | | |
Korn Ferry (Professional Services) | | | 1,722 | | | | 126,946 | | |
Krystal Biotech, Inc.* (Biotechnology) | | | 660 | | | | 137,584 | | |
Kulicke & Soffa Industries, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 1,613 | | | | 76,085 | | |
Lakeland Financial Corp. (Banks) | | | 1,062 | | | | 72,779 | | |
La-Z-Boy, Inc. (Household Durables) | | | 1,544 | | | | 68,152 | | |
LCI Industries (Automobile Components) | | | 741 | | | | 86,467 | | |
Leggett & Platt, Inc. (Household Durables) | | | 10,541 | | | | 138,825 | | |
Leslie's, Inc.* (Specialty Retail) | | | 14,531 | | | | 42,866 | | |
LGI Homes, Inc.* (Household Durables) | | | 643 | | | | 73,990 | | |
Ligand Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 1,331 | | | | 145,066 | | |
Lincoln National Corp. (Insurance) | | | 13,365 | | | | 445,055 | | |
Lindsay Corp. (Machinery) | | | 442 | | | | 55,688 | | |
LTC Properties, Inc. (Health Care REITs) | | | 1,952 | | | | 69,706 | | |
Lumen Technologies, Inc.* (Diversified
Telecommunication Services) | | | 79,805 | | | | 251,385 | | |
LXP Industrial Trust (Industrial REITs) | | | 23,137 | | | | 238,311 | | |
Marcus & Millichap, Inc. (Real Estate
Management & Development) | | | 1,114 | | | | 44,126 | | |
MarineMax, Inc.* (Specialty Retail) | | | 1,596 | | | | 55,653 | | |
Marten Transport, Ltd. (Ground Transportation) | | | 2,412 | | | | 45,370 | | |
Masterbrand, Inc.* (Building Products) | | | 9,984 | | | | 180,211 | | |
Mativ Holdings, Inc. (Chemicals) | | | 4,272 | | | | 81,552 | | |
Matthews International Corp.—Class A
(Commercial Services & Supplies) | | | 873 | | | | 25,273 | | |
See accompanying notes to the financial statements.
116 :: Small-Cap Value ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
MaxLinear, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 2,262 | | | $ | 31,985 | | |
Medical Properties Trust, Inc.(a) (Health Care
REITs) | | | 47,197 | | | | 227,017 | | |
Mercer International, Inc. (Paper & Forest
Products) | | | 3,474 | | | | 26,472 | | |
Mercury General Corp. (Insurance) | | | 2,090 | | | | 125,128 | | |
Mercury Systems, Inc.* (Aerospace & Defense) | | | 4,105 | | | | 145,932 | | |
Merit Medical Systems, Inc.* (Health Care
Equipment & Supplies) | | | 1,877 | | | | 160,089 | | |
Mesa Laboratories, Inc. (Life Sciences Tools &
Services) | | | 402 | | | | 46,037 | | |
Metallus, Inc.* (Metals & Mining) | | | 1,321 | | | | 29,617 | | |
MGE Energy, Inc. (Electric Utilities) | | | 1,275 | | | | 111,996 | | |
MGP Ingredients, Inc. (Beverages) | | | 517 | | | | 42,162 | | |
Middlesex Water Co. (Water Utilities) | | | 752 | | | | 49,993 | | |
MillerKnoll, Inc. (Commercial Services &
Supplies) | | | 5,638 | | | | 174,890 | | |
Minerals Technologies, Inc. (Chemicals) | | | 1,263 | | | | 98,994 | | |
Mister Car Wash, Inc.* (Diversified Consumer
Services) | | | 3,944 | | | | 29,974 | | |
Moelis & Co.—Class A (Capital Markets) | | | 2,543 | | | | 172,924 | | |
Monro, Inc. (Specialty Retail) | | | 2,354 | | | | 72,550 | | |
Movado Group, Inc. (Textiles, Apparel &
Luxury Goods) | | | 1,229 | | | | 31,831 | | |
Mr. Cooper Group, Inc.* (Financial Services) | | | 5,087 | | | | 457,220 | | |
Myers Industries, Inc. (Containers &
Packaging) | | | 1,493 | | | | 22,246 | | |
Myriad Genetics, Inc.* (Biotechnology) | | | 3,628 | | | | 101,475 | | |
N-able, Inc.* (Software) | | | 1,987 | | | | 27,699 | | |
Nabors Industries, Ltd.* (Energy Equipment &
Services) | | | 700 | | | | 71,981 | | |
National Bank Holdings Corp.—Class A
(Banks) | | | 2,974 | | | | 124,551 | | |
National Beverage Corp. (Beverages) | | | 827 | | | | 40,349 | | |
National HealthCare Corp. (Health Care
Providers & Services) | | | 563 | | | | 76,658 | | |
National Presto Industries, Inc. (Aerospace &
Defense) | | | 229 | | | | 17,512 | | |
National Vision Holdings, Inc.* (Specialty
Retail) | | | 6,178 | | | | 89,334 | | |
Navient Corp. (Consumer Finance) | | | 6,326 | | | | 103,810 | | |
NBT Bancorp, Inc. (Banks) | | | 3,703 | | | | 181,521 | | |
NCR Atleos Corp.* (Financial Services) | | | 5,385 | | | | 173,128 | | |
NCR Voyix Corp.* (Software) | | | 10,828 | | | | 159,714 | | |
NetScout Systems, Inc.* (Communications
Equipment) | | | 5,615 | | | | 114,265 | | |
New York Mortgage Trust, Inc. (Mortgage
REITs) | | | 1 | | | | 5 | | |
Newell Brands, Inc. (Household Durables) | | | 30,038 | | | | 258,025 | | |
NexPoint Residential Trust, Inc. (Residential
REITs) | | | 1,791 | | | | 78,249 | | |
NMI Holdings, Inc.* (Financial Services) | | | 2,204 | | | | 86,727 | | |
Northwest Bancshares, Inc. (Banks) | | | 10,007 | | | | 140,498 | | |
Northwest Natural Holding Co. (Gas Utilities) | | | 2,991 | | | | 119,580 | | |
Nu Skin Enterprises, Inc.—Class A (Personal
Care Products) | | | 3,910 | | | | 43,870 | | |
NV5 Global, Inc.* (Professional Services) | | | 1,016 | | | | 104,790 | | |
O-I Glass, Inc.* (Containers & Packaging) | | | 12,246 | | | | 163,607 | | |
Olympic Steel, Inc. (Metals & Mining) | | | 396 | | | | 20,069 | | |
Common Stocks, continued
| | | Shares | | Value | |
Omnicell, Inc.* (Health Care Equipment &
Supplies) | | | 3,611 | | | $ | 105,477 | | |
OPENLANE, Inc.* (Commercial Services &
Supplies) | | | 8,520 | | | | 152,337 | | |
Organon & Co. (Pharmaceuticals) | | | 20,214 | | | | 441,878 | | |
Outfront Media, Inc. (Specialized REITs) | | | 6,659 | | | | 108,009 | | |
Owens & Minor, Inc.* (Health Care Providers &
Services) | | | 5,764 | | | | 94,645 | | |
Pacific Premier Bancorp, Inc. (Banks) | | | 7,584 | | | | 205,223 | | |
Pacira BioSciences, Inc.* (Pharmaceuticals) | | | 3,657 | | | | 75,517 | | |
Papa John's International, Inc. (Hotels,
Restaurants & Leisure) | | | 1,377 | | | | 60,905 | | |
Park National Corp. (Banks) | | | 666 | | | | 117,855 | | |
Patterson Cos., Inc. (Health Care Providers &
Services) | | | 6,270 | | | | 158,318 | | |
Patterson-UTI Energy, Inc. (Energy
Equipment & Services) | | | 10,948 | | | | 120,319 | | |
Payoneer Global, Inc.* (Financial Services) | | | 11,953 | | | | 66,100 | | |
PC Connection, Inc. (Electronic Equipment,
Instruments & Components) | | | 896 | | | | 64,127 | | |
Peabody Energy Corp. (Oil, Gas &
Consumable Fuels) | | | 4,570 | | | | 101,500 | | |
Pebblebrook Hotel Trust (Hotel & Resort REITs) | | | 9,479 | | | | 129,768 | | |
Pediatrix Medical Group, Inc.* (Health Care
Providers & Services) | | | 6,511 | | | | 54,302 | | |
Penn Entertainment, Inc.* (Hotels,
Restaurants & Leisure) | | | 11,752 | | | | 234,688 | | |
PennyMac Mortgage Investment Trust
(Mortgage REITs) | | | 6,826 | | | | 93,994 | | |
Perdoceo Education Corp. (Diversified
Consumer Services) | | | 2,268 | | | | 56,224 | | |
Perficient, Inc.* (IT Services) | | | 1,079 | | | | 81,367 | | |
Phibro Animal Health Corp.—Class A
(Pharmaceuticals) | | | 1,596 | | | | 30,132 | | |
Phillips Edison & Co., Inc. (Retail REITs) | | | 4,714 | | | | 165,461 | | |
Phinia, Inc. (Automobile Components) | | | 3,594 | | | | 160,652 | | |
Photronics, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 1,493 | | | | 37,937 | | |
Piper Sandler Cos. (Capital Markets) | | | 620 | | | | 169,434 | | |
Pitney Bowes, Inc. (Commercial Services &
Supplies) | | | 12,241 | | | | 80,791 | | |
PJT Partners, Inc.—Class A (Capital Markets) | | | 741 | | | | 98,509 | | |
Plexus Corp.* (Electronic Equipment,
Instruments & Components) | | | 1,206 | | | | 154,573 | | |
PRA Group, Inc.* (Consumer Finance) | | | 3,095 | | | | 82,482 | | |
Premier, Inc.—Class A (Health Care
Providers & Services) | | | 8,238 | | | | 172,833 | | |
Prestige Consumer Healthcare, Inc.*
(Pharmaceuticals) | | | 2,038 | | | | 144,311 | | |
PriceSmart, Inc. (Consumer Staples
Distribution & Retail) | | | 1,981 | | | | 180,924 | | |
ProAssurance Corp.* (Insurance) | | | 4,013 | | | | 52,570 | | |
ProPetro Holding Corp.* (Energy Equipment &
Services) | | | 6,482 | | | | 62,162 | | |
Protagonist Therapeutics, Inc.*
(Biotechnology) | | | 1,337 | | | | 50,057 | | |
Proto Labs, Inc.* (Machinery) | | | 694 | | | | 24,165 | | |
Provident Financial Services, Inc. (Banks) | | | 10,259 | | | | 190,202 | | |
Quaker Chemical Corp. (Chemicals) | | | 523 | | | | 94,961 | | |
Quanex Building Products Corp. (Building
Products) | | | 810 | | | | 27,054 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Small-Cap Value ProFund :: 117
Common Stocks, continued
| | | Shares | | Value | |
QuidelOrtho Corp.* (Health Care Equipment &
Supplies) | | | 3,898 | | | $ | 153,152 | | |
QuinStreet, Inc.* (Interactive Media & Services) | | | 4,128 | | | | 77,194 | | |
Radian Group, Inc. (Financial Services) | | | 5,328 | | | | 197,669 | | |
Ready Capital Corp. (Mortgage REITs) | | | 12,218 | | | | 113,383 | | |
REGENXBIO, Inc.* (Biotechnology) | | | 2,033 | | | | 28,970 | | |
Renasant Corp. (Banks) | | | 4,898 | | | | 168,442 | | |
Resideo Technologies, Inc.* (Building
Products) | | | 11,477 | | | | 260,758 | | |
Retail Opportunity Investments Corp.
(Retail REITs) | | | 10,025 | | | | 149,874 | | |
Robert Half, Inc. (Professional Services) | | | 8,130 | | | | 521,865 | | |
Rogers Corp.* (Electronic Equipment,
Instruments & Components) | | | 436 | | | | 53,270 | | |
Rush Enterprises, Inc.—Class A (Trading
Companies & Distributors) | | | 2,675 | | | | 136,452 | | |
RXO, Inc.* (Ground Transportation) | | | 4,995 | | | | 158,391 | | |
S&T Bancorp, Inc. (Banks) | | | 1,412 | | | | 62,665 | | |
Sabre Corp.* (Hotels, Restaurants & Leisure) | | | 14,117 | | | | 48,421 | | |
Safehold, Inc. (Specialized REITs) | | | 3,537 | | | | 81,846 | | |
Safety Insurance Group, Inc. (Insurance) | | | 1,165 | | | | 99,666 | | |
Sally Beauty Holdings, Inc.* (Specialty Retail) | | | 8,142 | | | | 93,226 | | |
Sanmina Corp.* (Electronic Equipment,
Instruments & Components) | | | 4,358 | | | | 328,289 | | |
Saul Centers, Inc. (Retail REITs) | | | 523 | | | | 20,685 | | |
ScanSource, Inc.* (Electronic Equipment,
Instruments & Components) | | | 1,946 | | | | 101,289 | | |
Schneider National, Inc.—Class B (Ground
Transportation) | | | 2,907 | | | | 78,227 | | |
Scholastic Corp. (Media) | | | 2,004 | | | | 62,785 | | |
Schrodinger, Inc.* (Health Care Technology) | | | 1,912 | | | | 42,599 | | |
Seacoast Banking Corp. of Florida (Banks) | | | 6,620 | | | | 184,301 | | |
Sealed Air Corp. (Containers & Packaging) | | | 6,866 | | | | 261,251 | | |
Select Medical Holdings Corp. (Health Care
Providers & Services) | | | 8,382 | | | | 333,268 | | |
Semtech Corp.* (Semiconductors &
Semiconductor Equipment) | | | 2,790 | | | | 88,499 | | |
Sensient Technologies Corp. (Chemicals) | | | 1,900 | | | | 148,295 | | |
Service Properties Trust (Hotel & Resort REITs) | | | 13,038 | | | | 73,925 | | |
ServisFirst Bancshares, Inc. (Banks) | | | 2,084 | | | | 167,220 | | |
Shoe Carnival, Inc. (Specialty Retail) | | | 1,406 | | | | 59,713 | | |
Shutterstock, Inc. (Interactive Media &
Services) | | | 925 | | | | 40,904 | | |
Simmons First National Corp.—Class A
(Banks) | | | 9,863 | | | | 212,350 | | |
Simulations Plus, Inc. (Health Care
Technology) | | | 517 | | | | 21,114 | | |
SITE Centers Corp. (Retail REITs) | | | 7,509 | | | | 116,014 | | |
SiTime Corp.* (Semiconductors &
Semiconductor Equipment) | | | 579 | | | | 82,189 | | |
SJW Group (Water Utilities) | | | 1,315 | | | | 79,702 | | |
SkyWest, Inc.* (Passenger Airlines) | | | 1,458 | | | | 116,553 | | |
SL Green Realty Corp. (Office REITs) | | | 5,098 | | | | 339,731 | | |
SMART Global Holdings, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 2,429 | | | | 56,839 | | |
SolarEdge Technologies, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 2,744 | | | | 79,192 | | |
Sonic Automotive, Inc.—Class A (Specialty
Retail) | | | 1,165 | | | | 69,364 | | |
Common Stocks, continued
| | | Shares | | Value | |
Sonos, Inc.* (Household Durables) | | | 9,663 | | | $ | 130,451 | | |
Southside Bancshares, Inc. (Banks) | | | 1,383 | | | | 48,391 | | |
SpartanNash Co. (Consumer Staples
Distribution & Retail) | | | 2,710 | | | | 57,235 | | |
Sprinklr, Inc.*—Class A (Software) | | | 9,421 | | | | 92,608 | | |
STAAR Surgical Co.* (Health Care
Equipment & Supplies) | | | 1,504 | | | | 62,040 | | |
Standard Motor Products, Inc. (Automobile
Components) | | | 1,475 | | | | 48,277 | | |
Stellar Bancorp, Inc. (Banks) | | | 3,703 | | | | 101,462 | | |
Stepan Co. (Chemicals) | | | 1,677 | | | | 141,925 | | |
StepStone Group, Inc.—Class A (Capital
Markets) | | | 2,864 | | | | 143,945 | | |
Stewart Information Services Corp. (Insurance) | | | 2,164 | | | | 152,995 | | |
StoneX Group, Inc.* (Capital Markets) | | | 2,141 | | | | 178,431 | | |
Strategic Education, Inc. (Diversified
Consumer Services) | | | 1,016 | | | | 107,087 | | |
Sturm Ruger & Co., Inc. (Leisure Products) | | | 1,372 | | | | 61,891 | | |
Summit Hotel Properties, Inc. (Hotel &
Resort REITs) | | | 4,175 | | | | 26,470 | | |
Sun Country Airlines Holdings, Inc.*
(Passenger Airlines) | | | 1,637 | | | | 21,445 | | |
SunCoke Energy, Inc. (Metals & Mining) | | | 6,609 | | | | 77,325 | | |
SunPower Corp.*(a) (Electrical Equipment) | | | 6,769 | | | | 5,777 | | |
Sunrun, Inc.* (Electrical Equipment) | | | 17,430 | | | | 305,548 | | |
Supernus Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 2,595 | | | | 77,383 | | |
Sylvamo Corp. (Paper & Forest Products) | | | 2,744 | | | | 202,260 | | |
Talos Energy, Inc.* (Oil, Gas & Consumable
Fuels) | | | 12,292 | | | | 145,537 | | |
Tandem Diabetes Care, Inc.* (Health Care
Equipment & Supplies) | | | 2,739 | | | | 101,288 | | |
TechTarget, Inc.* (Media) | | | 861 | | | | 27,552 | | |
Telephone and Data Systems, Inc. (Wireless
Telecommunication Services) | | | 3,875 | | | | 82,150 | | |
The Andersons, Inc. (Consumer Staples
Distribution & Retail) | | | 1,171 | | | | 63,855 | | |
The Buckle, Inc. (Specialty Retail) | | | 884 | | | | 38,180 | | |
The Cheesecake Factory, Inc. (Hotels,
Restaurants & Leisure) | | | 1,992 | | | | 77,469 | | |
The Chefs' Warehouse, Inc.* (Consumer
Staples Distribution & Retail) | | | 2,779 | | | | 115,579 | | |
The GEO Group, Inc.* (Commercial
Services & Supplies) | | | 10,477 | | | | 151,917 | | |
The Greenbrier Cos., Inc. (Machinery) | | | 2,452 | | | | 125,077 | | |
The Hain Celestial Group, Inc.* (Food Products) | | | 7,073 | | | | 54,745 | | |
The Macerich Co. (Retail REITs) | | | 16,965 | | | | 271,609 | | |
The ODP Corp.* (Specialty Retail) | | | 2,514 | | | | 106,217 | | |
The Simply Good Foods Co.* (Food Products) | | | 2,647 | | | | 89,786 | | |
Thryv Holdings, Inc.* (Media) | | | 2,480 | | | | 48,310 | | |
Titan International, Inc.* (Machinery) | | | 4,013 | | | | 34,191 | | |
Tompkins Financial Corp. (Banks) | | | 987 | | | | 62,122 | | |
Tootsie Roll Industries, Inc. (Food Products) | | | 546 | | | | 16,839 | | |
Topgolf Callaway Brands Corp.* (Leisure
Products) | | | 11,115 | | | | 183,398 | | |
TreeHouse Foods, Inc.* (Food Products) | | | 3,760 | | | | 151,452 | | |
Tri Pointe Homes, Inc.* (Household Durables) | | | 2,910 | | | | 131,678 | | |
Trinity Industries, Inc. (Machinery) | | | 3,215 | | | | 106,288 | | |
Triumph Group, Inc.* (Aerospace & Defense) | | | 6,045 | | | | 99,078 | | |
Trupanion, Inc.*(a) (Insurance) | | | 1,475 | | | | 54,664 | | |
TrustCo Bank Corp. (Banks) | | | 1,498 | | | | 53,344 | | |
See accompanying notes to the financial statements.
118 :: Small-Cap Value ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Trustmark Corp. (Banks) | | | 4,811 | | | $ | 167,086 | | |
TTM Technologies, Inc.* (Electronic
Equipment, Instruments & Components) | | | 7,997 | | | | 154,982 | | |
U.S. Physical Therapy, Inc. (Health Care
Providers & Services) | | | 534 | | | | 52,065 | | |
Ultra Clean Holdings, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 3,531 | | | | 152,750 | | |
UniFirst Corp. (Commercial Services &
Supplies) | | | 694 | | | | 135,011 | | |
United Community Banks, Inc. (Banks) | | | 9,363 | | | | 289,785 | | |
United Fire Group, Inc. (Insurance) | | | 1,671 | | | | 37,447 | | |
United Natural Foods, Inc.* (Consumer
Staples Distribution & Retail) | | | 4,674 | | | | 72,447 | | |
Uniti Group, Inc. (Specialized REITs) | | | 9,076 | | | | 34,852 | | |
Unitil Corp. (Multi-Utilities) | | | 694 | | | | 42,528 | | |
Universal Corp. (Tobacco) | | | 1,935 | | | | 103,367 | | |
Universal Health Realty Income Trust (Health
Care REITs) | | | 523 | | | | 22,358 | | |
Upbound Group, Inc. (Specialty Retail) | | | 1,550 | | | | 58,482 | | |
Urban Edge Properties (Retail REITs) | | | 3,829 | | | | 77,729 | | |
USANA Health Sciences, Inc.* (Personal Care
Products) | | | 873 | | | | 38,936 | | |
Varex Imaging Corp.* (Health Care
Equipment & Supplies) | | | 3,216 | | | | 47,565 | | |
Vector Group, Ltd. (Tobacco) | | | 5,793 | | | | 74,035 | | |
Veris Residential, Inc. (Residential REITs) | | | 3,801 | | | | 59,714 | | |
Veritex Holdings, Inc. (Banks) | | | 4,283 | | | | 107,375 | | |
Vestis Corp. (Commercial Services & Supplies) | | | 4,863 | | | | 63,073 | | |
VF Corp. (Textiles, Apparel & Luxury Goods) | | | 25,979 | | | | 440,604 | | |
Viasat, Inc.* (Communications Equipment) | | | 5,907 | | | | 119,440 | | |
Viavi Solutions, Inc.* (Communications
Equipment) | | | 17,551 | | | | 141,110 | | |
Vicor Corp.* (Electrical Equipment) | | | 838 | | | | 35,288 | | |
Victoria's Secret & Co.* (Specialty Retail) | | | 6,155 | | | | 109,251 | | |
Vir Biotechnology, Inc.* (Biotechnology) | | | 6,850 | | | | 69,596 | | |
Virtu Financial, Inc.—Class A (Capital Markets) | | | 6,953 | | | | 189,955 | | |
Virtus Investment Partners, Inc. (Capital
Markets) | | | 195 | | | | 44,070 | | |
Vista Outdoor, Inc.* (Leisure Products) | | | 4,576 | | | | 185,922 | | |
Vital Energy, Inc.* (Oil, Gas & Consumable
Fuels) | | | 1,045 | | | | 45,572 | | |
Wabash National Corp. (Machinery) | | | 3,543 | | | | 76,139 | | |
WaFd, Inc. (Banks) | | | 5,310 | | | | 188,983 | | |
Walker & Dunlop, Inc. (Financial Services) | | | 1,510 | | | | 161,419 | | |
Werner Enterprises, Inc. (Ground
Transportation) | | | 4,989 | | | | 195,520 | | |
Westamerica Bancorp (Banks) | | | 821 | | | | 44,301 | | |
Whitestone REIT (Retail REITs) | | | 1,906 | | | | 26,303 | | |
Winnebago Industries, Inc. (Automobiles) | | | 1,010 | | | | 63,145 | | |
WK Kellogg Co. (Food Products) | | | 5,195 | | | | 91,432 | | |
Wolverine World Wide, Inc. (Textiles,
Apparel & Luxury Goods) | | | 6,280 | | | | 93,384 | | |
Common Stocks, continued
| | | Shares | | Value | |
World Kinect Corp. (Oil, Gas & Consumable
Fuels) | | | 4,714 | | | $ | 131,662 | | |
Worthington Enterprises, Inc. (Household
Durables) | | | 741 | | | | 36,983 | | |
Worthington Steel, Inc. (Metals & Mining) | | | 746 | | | | 29,743 | | |
WSFS Financial Corp. (Banks) | | | 2,601 | | | | 146,930 | | |
Xencor, Inc.* (Biotechnology) | | | 2,331 | | | | 47,599 | | |
Xenia Hotels & Resorts, Inc. (Hotel & Resort
REITs) | | | 3,289 | | | | 45,651 | | |
Xerox Holdings Corp. (Technology Hardware,
Storage & Peripherals) | | | 8,985 | | | | 96,724 | | |
TOTAL COMMON STOCKS
(Cost $50,550,349) | | | | | 51,931,640 | | |
Repurchase Agreements(b) (0.1%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $30,004 | | $ | 30,000 | | | $ | 30,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $30,000) | | | | | 30,000 | | |
Collateral for Securities Loaned(c) (0.1%)
| | | Shares | | Value | |
Invesco Government & Agency Portfolio—
Institutional Shares, 5.22%(d) | | | 72,466 | | | $ | 72,466 | | |
TOTAL COLLATERAL FOR SECURITIES LOANED
(Cost $72,466) | | | | | 72,466 | | |
TOTAL INVESTMENT SECURITIES
(Cost $50,652,815)—99.6% | | | | | 52,034,106 | | |
Net other assets (liabilities)—0.4% | | | | | 190,581 | | |
NET ASSETS—100.0% | | | | $ | 52,224,687 | | |
* Non-income producing security.
(a) All or part of this security was on loan as of July 31, 2024. The total value of securities on loan as of July 31, 2024 was $70,053.
(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) Securities were purchased with cash collateral held from securities on loan at July 31, 2024.
(d) Rate periodically changes. Rate disclosed is the daily yield on July 31, 2024.
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Small-Cap Value ProFund :: 119
Small-Cap Value ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Aerospace & Defense | | $ | 309,615 | | | | 0.6 | % | |
Air Freight & Logistics | | | 289,901 | | | | 0.6 | % | |
Automobile Components | | | 744,322 | | | | 1.4 | % | |
Automobiles | | | 63,145 | | | | 0.1 | % | |
Banks | | | 7,849,840 | | | | 15.0 | % | |
Beverages | | | 82,511 | | | | 0.2 | % | |
Biotechnology | | | 639,952 | | | | 1.2 | % | |
Broadline Retail | | | 188,897 | | | | 0.4 | % | |
Building Products | | | 823,991 | | | | 1.6 | % | |
Capital Markets | | | 1,360,297 | | | | 2.6 | % | |
Chemicals | | | 1,260,068 | | | | 2.4 | % | |
Commercial Services & Supplies | | | 1,655,855 | | | | 3.2 | % | |
Communications Equipment | | | 669,693 | | | | 1.3 | % | |
Construction & Engineering | | | 681,292 | | | | 1.3 | % | |
Consumer Finance | | | 754,612 | | | | 1.4 | % | |
Consumer Staples Distribution & Retail | | | 643,547 | | | | 1.2 | % | |
Containers & Packaging | | | 447,104 | | | | 0.9 | % | |
Diversified Consumer Services | | | 193,285 | | | | 0.4 | % | |
Diversified REITs | | | 579,152 | | | | 1.1 | % | |
Diversified Telecommunication Services | | | 469,047 | | | | 0.9 | % | |
Electric Utilities | | | 111,996 | | | | 0.2 | % | |
Electrical Equipment | | | 346,613 | | | | 0.7 | % | |
Electronic Equipment, Instruments &
Components | | | 1,686,202 | | | | 3.2 | % | |
Energy Equipment & Services | | | 692,329 | | | | 1.3 | % | |
Financial Services | | | 1,611,887 | | | | 3.1 | % | |
Food Products | | | 592,121 | | | | 1.1 | % | |
Gas Utilities | | | 233,361 | | | | 0.5 | % | |
Ground Transportation | | | 540,731 | | | | 1.0 | % | |
Health Care Equipment & Supplies | | | 1,245,059 | | | | 2.4 | % | |
Health Care Providers & Services | | | 1,328,934 | | | | 2.5 | % | |
Health Care REITs | | | 455,618 | | | | 0.9 | % | |
Health Care Technology | | | 145,727 | | | | 0.3 | % | |
Hotel & Resort REITs | | | 275,814 | | | | 0.5 | % | |
Hotels, Restaurants & Leisure | | | 835,823 | | | | 1.6 | % | |
Household Durables | | | 985,127 | | | | 1.9 | % | |
Household Products | | | 263,261 | | | | 0.5 | % | |
Independent Power and Renewable
Electricity Producers | | | 240,091 | | | | 0.5 | % | |
Industrial REITs | | | 361,612 | | | | 0.7 | % | |
| | | Value | | % of
Net Assets | |
Insurance | | $ | 1,582,252 | | | | 3.0 | % | |
Interactive Media & Services | | | 292,106 | | | | 0.6 | % | |
IT Services | | | 430,417 | | | | 0.8 | % | |
Leisure Products | | | 431,211 | | | | 0.8 | % | |
Life Sciences Tools & Services | | | 318,135 | | | | 0.6 | % | |
Machinery | | | 1,697,604 | | | | 3.3 | % | |
Media | | | 473,302 | | | | 0.9 | % | |
Metals & Mining | | | 443,481 | | | | 0.9 | % | |
Mortgage REITs | | | 1,152,419 | | | | 2.2 | % | |
Multi-Utilities | | | 283,446 | | | | 0.5 | % | |
Office REITs | | | 1,158,199 | | | | 2.2 | % | |
Oil, Gas & Consumable Fuels | | | 579,139 | | | | 1.1 | % | |
Paper & Forest Products | | | 301,675 | | | | 0.6 | % | |
Passenger Airlines | | | 747,453 | | | | 1.4 | % | |
Personal Care Products | | | 235,413 | | | | 0.5 | % | |
Pharmaceuticals | | | 1,100,609 | | | | 2.1 | % | |
Professional Services | | | 930,235 | | | | 1.8 | % | |
Real Estate Management & Development | | | 342,810 | | | | 0.7 | % | |
Residential REITs | | | 333,801 | | | | 0.6 | % | |
Retail REITs | | | 1,068,353 | | | | 2.0 | % | |
Semiconductors & Semiconductor
Equipment | | | 972,496 | | | | 1.9 | % | |
Software | | | 840,250 | | | | 1.6 | % | |
Specialized REITs | | | 334,705 | | | | 0.6 | % | |
Specialty Retail | | | 1,969,805 | | | | 3.8 | % | |
Technology Hardware, Storage &
Peripherals | | | 124,917 | | | | 0.2 | % | |
Textiles, Apparel & Luxury Goods | | | 816,795 | | | | 1.6 | % | |
Tobacco | | | 177,402 | | | | 0.3 | % | |
Trading Companies & Distributors | | | 640,679 | | | | 1.2 | % | |
Water Utilities | | | 388,804 | | | | 0.7 | % | |
Wireless Telecommunication Services | | | 105,295 | | | | 0.2 | % | |
Other** | | | 293,047 | | | | 0.6 | % | |
Total | | $ | 52,224,687 | | | | 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.
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
120 :: Technology UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (83.9%)
| | | Shares | | Value | |
Accenture PLC—Class A (IT Services) | | | 5,064 | | | $ | 1,674,259 | | |
Adobe, Inc.* (Software) | | | 3,609 | | | | 1,990,905 | | |
Advanced Micro Devices, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 13,015 | | | | 1,880,407 | | |
Akamai Technologies, Inc.* (IT Services) | | | 1,227 | | | | 120,590 | | |
Amphenol Corp.—Class A (Electronic
Equipment, Instruments & Components) | | | 9,676 | | | | 621,779 | | |
Analog Devices, Inc. (Semiconductors &
Semiconductor Equipment) | | | 3,994 | | | | 924,132 | | |
ANSYS, Inc.* (Software) | | | 703 | | | | 220,482 | | |
Apple, Inc. (Technology Hardware,
Storage & Peripherals) | | | 16,808 | | | | 3,732,720 | | |
Applied Materials, Inc. (Semiconductors &
Semiconductor Equipment) | | | 6,690 | | | | 1,419,618 | | |
Arista Networks, Inc.* (Communications
Equipment) | | | 2,045 | | | | 708,695 | | |
Autodesk, Inc.* (Software) | | | 1,723 | | | | 426,477 | | |
Broadcom, Inc. (Semiconductors &
Semiconductor Equipment) | | | 20,589 | | | | 3,308,241 | | |
Cadence Design Systems, Inc.* (Software) | | | 2,192 | | | | 586,711 | | |
CDW Corp. (Electronic Equipment,
Instruments & Components) | | | 1,083 | | | | 236,213 | | |
Cisco Systems, Inc. (Communications
Equipment) | | | 32,616 | | | | 1,580,245 | | |
Cognizant Technology Solutions Corp.—
Class A (IT Services) | | | 4,005 | | | | 303,098 | | |
Corning, Inc. (Electronic Equipment,
Instruments & Components) | | | 6,210 | | | | 248,462 | | |
Crowdstrike Holdings, Inc.*—Class A
(Software) | | | 1,858 | | | | 430,982 | | |
Enphase Energy, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 1,096 | | | | 126,161 | | |
EPAM Systems, Inc.* (IT Services) | | | 467 | | | | 100,466 | | |
F5, Inc.* (Communications Equipment) | | | 472 | | | | 96,118 | | |
Fair Isaac Corp.* (Software) | | | 199 | | | | 318,400 | | |
First Solar, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 862 | | | | 186,183 | | |
Fortinet, Inc.* (Software) | | | 5,107 | | | | 296,410 | | |
Gartner, Inc.* (IT Services) | | | 625 | | | | 313,244 | | |
Gen Digital, Inc. (Software) | | | 4,438 | | | | 115,344 | | |
GoDaddy, Inc.*—Class A (IT Services) | | | 1,135 | | | | 165,086 | | |
Hewlett Packard Enterprise Co. (Technology
Hardware, Storage & Peripherals) | | | 10,471 | | | | 208,478 | | |
HP, Inc. (Technology Hardware, Storage &
Peripherals) | | | 6,952 | | | | 250,898 | | |
Intel Corp. (Semiconductors &
Semiconductor Equipment) | | | 34,290 | | | | 1,054,075 | | |
International Business Machines Corp.
(IT Services) | | | 7,399 | | | | 1,421,644 | | |
Intuit, Inc. (Software) | | | 2,255 | | | | 1,459,774 | | |
Jabil, Inc. (Electronic Equipment,
Instruments & Components) | | | 971 | | | | 109,403 | | |
Juniper Networks, Inc. (Communications
Equipment) | | | 2,618 | | | | 98,672 | | |
Keysight Technologies, Inc.* (Electronic
Equipment, Instruments & Components) | | | 1,406 | | | | 196,235 | | |
KLA Corp. (Semiconductors &
Semiconductor Equipment) | | | 1,085 | | | | 893,031 | | |
Common Stocks, continued
| | | Shares | | Value | |
Lam Research Corp. (Semiconductors &
Semiconductor Equipment) | | | 1,053 | | | $ | 970,066 | | |
Microchip Technology, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 4,353 | | | | 386,459 | | |
Micron Technology, Inc. (Semiconductors &
Semiconductor Equipment) | | | 8,920 | | | | 979,594 | | |
Microsoft Corp. (Software) | | | 39,228 | | | | 16,411,034 | | |
Monolithic Power Systems, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 392 | | | | 338,331 | | |
Motorola Solutions, Inc. (Communications
Equipment) | | | 1,343 | | | | 535,750 | | |
NetApp, Inc. (Technology Hardware,
Storage & Peripherals) | | | 1,662 | | | | 211,041 | | |
NVIDIA Corp. (Semiconductors &
Semiconductor Equipment) | | | 129,770 | | | | 15,185,685 | | |
NXP Semiconductors N.V.
(Semiconductors & Semiconductor
Equipment) | | | 2,060 | | | | 542,110 | | |
ON Semiconductor Corp.*
(Semiconductors & Semiconductor
Equipment) | | | 3,465 | | | | 271,136 | | |
Oracle Corp. (Software) | | | 12,841 | | | | 1,790,677 | | |
Palo Alto Networks, Inc.* (Software) | | | 2,603 | | | | 845,272 | | |
PTC, Inc.* (Software) | | | 965 | | | | 171,625 | | |
Qorvo, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 778 | | | | 93,204 | | |
QUALCOMM, Inc. (Semiconductors &
Semiconductor Equipment) | | | 9,005 | | | | 1,629,455 | | |
Roper Technologies, Inc. (Software) | | | 862 | | | | 469,575 | | |
Salesforce, Inc. (Software) | | | 7,823 | | | | 2,024,592 | | |
Seagate Technology Holdings PLC
(Technology Hardware, Storage &
Peripherals) | | | 1,573 | | | | 160,713 | | |
ServiceNow, Inc.* (Software) | | | 1,651 | | | | 1,344,558 | | |
Skyworks Solutions, Inc. (Semiconductors &
Semiconductor Equipment) | | | 1,292 | | | | 146,797 | | |
Super Micro Computer, Inc.* (Technology
Hardware, Storage & Peripherals) | | | 406 | | | | 284,870 | | |
Synopsys, Inc.* (Software) | | | 1,229 | | | | 686,175 | | |
TE Connectivity, Ltd. (Electronic Equipment,
Instruments & Components) | | | 2,467 | | | | 380,732 | | |
Teledyne Technologies, Inc.* (Electronic
Equipment, Instruments & Components) | | | 382 | | | | 161,151 | | |
Teradyne, Inc. (Semiconductors &
Semiconductor Equipment) | | | 1,257 | | | | 164,868 | | |
Texas Instruments, Inc. (Semiconductors &
Semiconductor Equipment) | | | 7,334 | | | | 1,494,743 | | |
Trimble, Inc.* (Electronic Equipment,
Instruments & Components) | | | 1,967 | | | | 107,280 | | |
Tyler Technologies, Inc.* (Software) | | | 342 | | | | 194,294 | | |
VeriSign, Inc.* (IT Services) | | | 698 | | | | 130,533 | | |
Western Digital Corp.* (Technology
Hardware, Storage & Peripherals) | | | 2,630 | | | | 176,342 | | |
Zebra Technologies Corp.* (Electronic
Equipment, Instruments & Components) | | | 414 | | | | 145,393 | | |
TOTAL COMMON STOCKS
(Cost $45,231,683) | | | | | 76,257,693 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Technology UltraSector ProFund :: 121
Repurchase Agreements(a)(b) (17.3%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $15,665,261 | | $ | 15,663,000 | | | $ | 15,663,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $15,663,000) | | | | | 15,663,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $60,894,683)—101.2% | | | | | 91,920,693 | | |
Net other assets (liabilities)—(1.2)% | | | | | (1,123,097 | ) | |
NET ASSETS—100.0% | | | | $ | 90,797,596 | | |
* 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, 2024, the aggregate amount held in a segregated account was $14,975,000.
Total Return Swap Agreements—Long
Underlying Instrument | | Counterparty | | Termination
Date(1) | | Rate Paid
(Received)(2) | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
S&P Technology Select Sector Index | | Goldman Sachs International | | 8/23/24 | | | 6.08 | % | | $ | 25,820,566 | | | $ | (1,044,530 | ) | |
S&P Technology Select Sector Index | | UBS AG | | 8/23/24 | | | 5.93 | % | | | 33,659,267 | | | | (930,539 | ) | |
| | | | | | | | | $ | 59,479,833 | | | $ | (1,975,069 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
Technology UltraSector ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Communications Equipment | | $ | 3,019,480 | | | | 3.3 | % | |
Electronic Equipment, Instruments &
Components | | | 2,206,649 | | | | 2.4 | % | |
IT Services | | | 4,228,920 | | | | 4.7 | % | |
Semiconductors & Semiconductor
Equipment | | | 31,994,296 | | | | 35.2 | % | |
Software | | | 29,783,287 | | | | 32.8 | % | |
Technology Hardware, Storage &
Peripherals | | | 5,025,061 | | | | 5.5 | % | |
Other** | | | 14,539,903 | | | | 16.1 | % | |
Total | | $ | 90,797,596 | | | | 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.
122 :: UltraBear ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Repurchase Agreements(a)(b) (101.6%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $6,258,904 | | $ | 6,258,000 | | | $ | 6,258,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $6,258,000) | | | | | 6,258,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $6,258,000)—101.6% | | | | | 6,258,000 | | |
Net other assets (liabilities)—(1.6)% | | | | | (100,316 | ) | |
NET ASSETS—100.0% | | | | $ | 6,157,684 | | |
(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, 2024, the aggregate amount held in a segregated account was $1,898,000.
Futures Contracts Sold
| | | Number
of
Contracts | | Expiration
Date | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
E-Mini S&P 500 Futures Contracts | | | 3 | | | 9/23/24 | | $ | (833,700 | ) | | $ | (9,824 | ) | |
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 | | 8/27/24 | | | (5.83 | )% | | $ | (3,666,807 | ) | | $ | (46,044 | ) | |
S&P 500 | | UBS AG | | 8/27/24 | | | (5.58 | )% | | | (7,786,443 | ) | | | (81,088 | ) | |
| | | | | | | | | $ | (11,453,250 | ) | | $ | (127,132 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraBull ProFund :: 123
Common Stocks (71.5%)
| | | Shares | | Value | |
3M Co. (Industrial Conglomerates) | | | 1,239 | | | $ | 158,034 | | |
A.O. Smith Corp. (Building Products) | | | 271 | | | | 23,046 | | |
Abbott Laboratories (Health Care
Equipment & Supplies) | | | 3,897 | | | | 412,847 | | |
AbbVie, Inc. (Biotechnology) | | | 3,955 | | | | 732,942 | | |
Accenture PLC—Class A (IT Services) | | | 1,408 | | | | 465,513 | | |
Adobe, Inc.* (Software) | | | 1,003 | | | | 553,305 | | |
Advanced Micro Devices, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 3,620 | | | | 523,017 | | |
Aflac, Inc. (Insurance) | | | 1,158 | | | | 110,450 | | |
Agilent Technologies, Inc. (Life Sciences
Tools & Services) | | | 656 | | | | 92,758 | | |
Air Products and Chemicals, Inc. (Chemicals) | | | 498 | | | | 131,397 | | |
Airbnb, Inc.*—Class A (Hotels, Restaurants &
Leisure) | | | 989 | | | | 138,025 | | |
Akamai Technologies, Inc.* (IT Services) | | | 341 | | | | 33,513 | | |
Albemarle Corp. (Chemicals) | | | 263 | | | | 24,635 | | |
Alexandria Real Estate Equities, Inc.
(Office REITs) | | | 353 | | | | 41,404 | | |
Align Technology, Inc.* (Health Care
Equipment & Supplies) | | | 157 | | | | 36,405 | | |
Allegion PLC (Building Products) | | | 196 | | | | 26,815 | | |
Alliant Energy Corp. (Electric Utilities) | | | 574 | | | | 31,949 | | |
Alphabet, Inc.—Class A (Interactive
Media & Services) | | | 13,157 | | | | 2,256,952 | | |
Alphabet, Inc.—Class C (Interactive
Media & Services) | | | 10,946 | | | | 1,895,300 | | |
Altria Group, Inc. (Tobacco) | | | 3,847 | | | | 188,541 | | |
Amazon.com, Inc.* (Broadline Retail) | | | 20,513 | | | | 3,835,520 | | |
Amcor PLC (Containers & Packaging) | | | 3,237 | | | | 34,086 | | |
Ameren Corp. (Multi-Utilities) | | | 597 | | | | 47,324 | | |
American Airlines Group, Inc.* (Passenger
Airlines) | | | 1,470 | | | | 15,641 | | |
American Electric Power Co., Inc. (Electric
Utilities) | | | 1,181 | | | | 115,880 | | |
American Express Co. (Consumer Finance) | | | 1,273 | | | | 322,121 | | |
American International Group, Inc.
(Insurance) | | | 1,487 | | | | 117,815 | | |
American Tower Corp. (Specialized REITs) | | | 1,046 | | | | 230,537 | | |
American Water Works Co., Inc. (Water
Utilities) | | | 436 | | | | 62,069 | | |
Ameriprise Financial, Inc. (Capital Markets) | | | 222 | | | | 95,476 | | |
AMETEK, Inc. (Electrical Equipment) | | | 518 | | | | 89,863 | | |
Amgen, Inc. (Biotechnology) | | | 1,202 | | | | 399,629 | | |
Amphenol Corp.—Class A (Electronic
Equipment, Instruments & Components) | | | 2,691 | | | | 172,925 | | |
Analog Devices, Inc. (Semiconductors &
Semiconductor Equipment) | | | 1,111 | | | | 257,063 | | |
ANSYS, Inc.* (Software) | | | 196 | | | | 61,471 | | |
Aon PLC—Class A (Insurance) | | | 487 | | | | 159,984 | | |
APA Corp. (Oil, Gas & Consumable Fuels) | | | 807 | | | | 25,170 | | |
Apple, Inc. (Technology Hardware,
Storage & Peripherals) | | | 32,286 | | | | 7,170,075 | | |
Applied Materials, Inc. (Semiconductors &
Semiconductor Equipment) | | | 1,861 | | | | 394,904 | | |
Aptiv PLC* (Automobile Components) | | | 609 | | | | 42,259 | | |
Arch Capital Group, Ltd.* (Insurance) | | | 838 | | | | 80,264 | | |
Archer-Daniels-Midland Co. (Food Products) | | | 1,108 | | | | 68,707 | | |
Arista Networks, Inc.* (Communications
Equipment) | | | 569 | | | | 197,187 | | |
Common Stocks, continued
| | | Shares | | Value | |
Arthur J. Gallagher & Co. (Insurance) | | | 489 | | | $ | 138,627 | | |
Assurant, Inc. (Insurance) | | | 116 | | | | 20,285 | | |
AT&T, Inc. (Diversified Telecommunication
Services) | | | 16,061 | | | | 309,174 | | |
Atmos Energy Corp. (Gas Utilities) | | | 338 | | | | 43,223 | | |
Autodesk, Inc.* (Software) | | | 479 | | | | 118,562 | | |
Automatic Data Processing, Inc.
(Professional Services) | | | 917 | | | | 240,824 | | |
AutoZone, Inc.* (Specialty Retail) | | | 39 | | | | 122,214 | | |
AvalonBay Communities, Inc. (Residential
REITs) | | | 318 | | | | 65,165 | | |
Avery Dennison Corp. (Containers &
Packaging) | | | 180 | | | | 39,029 | | |
Axon Enterprise, Inc.* (Aerospace &
Defense) | | | 159 | | | | 47,702 | | |
Baker Hughes Co. (Energy Equipment &
Services) | | | 2,235 | | | | 86,539 | | |
Ball Corp. (Containers & Packaging) | | | 695 | | | | 44,362 | | |
Bank of America Corp. (Banks) | | | 15,240 | | | | 614,323 | | |
Bath & Body Works, Inc. (Specialty Retail) | | | 501 | | | | 18,412 | | |
Baxter International, Inc. (Health Care
Equipment & Supplies) | | | 1,141 | | | | 40,871 | | |
Becton, Dickinson & Co. (Health Care
Equipment & Supplies) | | | 647 | | | | 155,966 | | |
Berkshire Hathaway, Inc.*—Class B
(Financial Services) | | | 4,055 | | | | 1,778,118 | | |
Best Buy Co., Inc. (Specialty Retail) | | | 431 | | | | 37,290 | | |
Biogen, Inc.* (Biotechnology) | | | 326 | | | | 69,503 | | |
Bio-Rad Laboratories, Inc.*—Class A
(Life Sciences Tools & Services) | | | 46 | | | | 15,565 | | |
Bio-Techne Corp. (Life Sciences Tools &
Services) | | | 353 | | | | 28,801 | | |
BlackRock, Inc. (Capital Markets) | | | 313 | | | | 274,345 | | |
Blackstone, Inc. (Capital Markets) | | | 1,601 | | | | 227,582 | | |
Booking Holdings, Inc. (Hotels,
Restaurants & Leisure) | | | 76 | | | | 282,341 | | |
BorgWarner, Inc. (Automobile Components) | | | 510 | | | | 18,008 | | |
Boston Scientific Corp.* (Health Care
Equipment & Supplies) | | | 3,293 | | | | 243,287 | | |
Bristol-Myers Squibb Co. (Pharmaceuticals) | | | 4,541 | | | | 215,970 | | |
Broadcom, Inc. (Semiconductors &
Semiconductor Equipment) | | | 9,760 | | | | 1,568,236 | | |
Broadridge Financial Solutions, Inc.
(Professional Services) | | | 265 | | | | 56,710 | | |
Brown & Brown, Inc. (Insurance) | | | 530 | | | | 52,698 | | |
Brown-Forman Corp.—Class B (Beverages) | | | 401 | | | | 18,109 | | |
Builders FirstSource, Inc.* (Building Products) | | | 273 | | | | 45,692 | | |
Bunge Global SA (Food Products) | | | 317 | | | | 33,358 | | |
BXP, Inc. (Office REITs) | | | 324 | | | | 23,104 | | |
C.H. Robinson Worldwide, Inc. (Air Freight &
Logistics) | | | 262 | | | | 23,331 | | |
Cadence Design Systems, Inc.* (Software) | | | 610 | | | | 163,273 | | |
Caesars Entertainment, Inc.* (Hotels,
Restaurants & Leisure) | | | 485 | | | | 19,376 | | |
Camden Property Trust (Residential REITs) | | | 239 | | | | 26,469 | | |
Campbell Soup Co. (Food Products) | | | 441 | | | | 20,665 | | |
Capital One Financial Corp. (Consumer
Finance) | | | 856 | | | | 129,598 | | |
Cardinal Health, Inc. (Health Care Providers &
Services) | | | 546 | | | | 55,053 | | |
CarMax, Inc.* (Specialty Retail) | | | 353 | | | | 29,807 | | |
See accompanying notes to the financial statements.
124 :: UltraBull ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Carnival Corp.* (Hotels, Restaurants &
Leisure) | | | 2,263 | | | $ | 37,702 | | |
Carrier Global Corp. (Building Products) | | | 1,877 | | | | 127,842 | | |
Catalent, Inc.* (Pharmaceuticals) | | | 405 | | | | 24,033 | | |
Caterpillar, Inc. (Machinery) | | | 1,095 | | | | 379,088 | | |
Cboe Global Markets, Inc. (Capital Markets) | | | 236 | | | | 43,308 | | |
CBRE Group, Inc.*—Class A (Real Estate
Management & Development) | | | 676 | | | | 76,192 | | |
CDW Corp. (Electronic Equipment,
Instruments & Components) | | | 301 | | | | 65,651 | | |
Celanese Corp. (Chemicals) | | | 225 | | | | 31,759 | | |
Cencora, Inc. (Health Care Providers &
Services) | | | 371 | | | | 88,253 | | |
Centene Corp.* (Health Care Providers &
Services) | | | 1,195 | | | | 91,919 | | |
CenterPoint Energy, Inc. (Multi-Utilities) | | | 1,433 | | | | 39,766 | | |
CF Industries Holdings, Inc. (Chemicals) | | | 409 | | | | 31,244 | | |
Charles River Laboratories International, Inc.*
(Life Sciences Tools & Services) | | | 115 | | | | 28,072 | | |
Charter Communications, Inc.*—Class A
(Media) | | | 219 | | | | 83,159 | | |
Chevron Corp. (Oil, Gas & Consumable Fuels) | | | 3,839 | | | | 616,044 | | |
Chipotle Mexican Grill, Inc.* (Hotels,
Restaurants & Leisure) | | | 3,100 | | | | 168,392 | | |
Chubb, Ltd. (Insurance) | | | 910 | | | | 250,851 | | |
Church & Dwight Co., Inc. (Household
Products) | | | 548 | | | | 53,709 | | |
Cincinnati Financial Corp. (Insurance) | | | 351 | | | | 45,848 | | |
Cintas Corp. (Commercial Services &
Supplies) | | | 193 | | | | 147,440 | | |
Cisco Systems, Inc. (Communications
Equipment) | | | 9,070 | | | | 439,442 | | |
Citigroup, Inc. (Banks) | | | 4,273 | | | | 277,232 | | |
Citizens Financial Group, Inc. (Banks) | | | 1,019 | | | | 43,481 | | |
CME Group, Inc. (Capital Markets) | | | 807 | | | | 156,324 | | |
CMS Energy Corp. (Multi-Utilities) | | | 669 | | | | 43,351 | | |
Cognizant Technology Solutions Corp.—
Class A (IT Services) | | | 1,114 | | | | 84,308 | | |
Colgate-Palmolive Co. (Household Products) | | | 1,838 | | | | 182,311 | | |
Comcast Corp.—Class A (Media) | | | 8,768 | | | | 361,855 | | |
Conagra Brands, Inc. (Food Products) | | | 1,071 | | | | 32,473 | | |
ConocoPhillips (Oil, Gas & Consumable
Fuels) | | | 2,620 | | | | 291,344 | | |
Consolidated Edison, Inc. (Multi-Utilities) | | | 775 | | | | 75,578 | | |
Constellation Brands, Inc.—Class A
(Beverages) | | | 361 | | | | 88,503 | | |
Constellation Energy Corp. (Electric Utilities) | | | 706 | | | | 133,999 | | |
Copart, Inc.* (Commercial Services &
Supplies) | | | 1,960 | | | | 102,567 | | |
Corning, Inc. (Electronic Equipment,
Instruments & Components) | | | 1,727 | | | | 69,097 | | |
Corpay, Inc.* (Software) | | | 157 | | | | 45,816 | | |
Corteva, Inc. (Chemicals) | | | 1,561 | | | | 87,572 | | |
CoStar Group, Inc.* (Real Estate
Management & Development) | | | 915 | | | | 71,388 | | |
Costco Wholesale Corp. (Consumer
Staples Distribution & Retail) | | | 993 | | | | 816,245 | | |
Coterra Energy, Inc. (Oil, Gas & Consumable
Fuels) | | | 1,667 | | | | 43,009 | | |
Crowdstrike Holdings, Inc.*—Class A
(Software) | | | 517 | | | | 119,923 | | |
Common Stocks, continued
| | | Shares | | Value | |
Crown Castle, Inc. (Specialized REITs) | | | 973 | | | $ | 107,108 | | |
CSX Corp. (Ground Transportation) | | | 4,379 | | | | 153,703 | | |
Cummins, Inc. (Machinery) | | | 306 | | | | 89,291 | | |
CVS Health Corp. (Health Care Providers &
Services) | | | 2,812 | | | | 169,648 | | |
D.R. Horton, Inc. (Household Durables) | | | 664 | | | | 119,474 | | |
Danaher Corp. (Life Sciences Tools &
Services) | | | 1,477 | | | | 409,247 | | |
Darden Restaurants, Inc. (Hotels,
Restaurants & Leisure) | | | 267 | | | | 39,059 | | |
DaVita, Inc.* (Health Care Providers &
Services) | | | 116 | | | | 15,848 | | |
Dayforce, Inc.* (Professional Services) | | | 354 | | | | 20,985 | | |
Deckers Outdoor Corp.* (Textiles, Apparel &
Luxury Goods) | | | 57 | | | | 52,590 | | |
Deere & Co. (Machinery) | | | 580 | | | | 215,747 | | |
Delta Air Lines, Inc. (Passenger Airlines) | | | 1,445 | | | | 62,163 | | |
Devon Energy Corp. (Oil, Gas & Consumable
Fuels) | | | 1,416 | | | | 66,594 | | |
Dexcom, Inc.* (Health Care Equipment &
Supplies) | | | 891 | | | | 60,428 | | |
Diamondback Energy, Inc. (Oil, Gas &
Consumable Fuels) | | | 399 | | | | 80,722 | | |
Digital Realty Trust, Inc. (Specialized REITs) | | | 727 | | | | 108,679 | | |
Discover Financial Services (Consumer
Finance) | | | 561 | | | | 80,778 | | |
Dollar General Corp. (Consumer Staples
Distribution & Retail) | | | 492 | | | | 59,232 | | |
Dollar Tree, Inc.* (Consumer Staples
Distribution & Retail) | | | 464 | | | | 48,414 | | |
Dominion Energy, Inc. (Multi-Utilities) | | | 1,878 | | | | 100,398 | | |
Domino's Pizza, Inc. (Hotels, Restaurants &
Leisure) | | | 78 | | | | 33,439 | | |
Dover Corp. (Machinery) | | | 308 | | | | 56,752 | | |
Dow, Inc. (Chemicals) | | | 1,575 | | | | 85,790 | | |
DTE Energy Co. (Multi-Utilities) | | | 464 | | | | 55,926 | | |
Duke Energy Corp. (Electric Utilities) | | | 1,729 | | | | 188,928 | | |
DuPont de Nemours, Inc. (Chemicals) | | | 937 | | | | 78,427 | | |
Eastman Chemical Co. (Chemicals) | | | 264 | | | | 27,279 | | |
Eaton Corp. PLC (Electrical Equipment) | | | 896 | | | | 273,092 | | |
eBay, Inc. (Broadline Retail) | | | 1,133 | | | | 63,006 | | |
Ecolab, Inc. (Chemicals) | | | 569 | | | | 131,263 | | |
Edison International (Electric Utilities) | | | 862 | | | | 68,969 | | |
Edwards Lifesciences Corp.* (Health Care
Equipment & Supplies) | | | 1,350 | | | | 85,118 | | |
Electronic Arts, Inc. (Entertainment) | | | 545 | | | | 82,262 | | |
Elevance Health, Inc. (Health Care
Providers & Services) | | | 521 | | | | 277,188 | | |
Eli Lilly & Co. (Pharmaceuticals) | | | 1,788 | | | | 1,438,035 | | |
Emerson Electric Co. (Electrical Equipment) | | | 1,281 | | | | 150,018 | | |
Enphase Energy, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 305 | | | | 35,109 | | |
Entergy Corp. (Electric Utilities) | | | 478 | | | | 55,434 | | |
EOG Resources, Inc. (Oil, Gas & Consumable
Fuels) | | | 1,287 | | | | 163,192 | | |
EPAM Systems, Inc.* (IT Services) | | | 130 | | | | 27,967 | | |
EQT Corp. (Oil, Gas & Consumable Fuels) | | | 1,337 | | | | 46,140 | | |
Equifax, Inc. (Professional Services) | | | 277 | | | | 77,385 | | |
Equinix, Inc. (Specialized REITs) | | | 213 | | | | 168,321 | | |
Equity Residential (Residential REITs) | | | 772 | | | | 53,754 | | |
Essex Property Trust, Inc. (Residential REITs) | | | 144 | | | | 40,084 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraBull ProFund :: 125
Common Stocks, continued
| | | Shares | | Value | |
Etsy, Inc.* (Broadline Retail) | | | 262 | | | $ | 17,067 | | |
Everest Group, Ltd. (Insurance) | | | 97 | | | | 38,108 | | |
Evergy, Inc. (Electric Utilities) | | | 515 | | | | 29,870 | | |
Eversource Energy (Electric Utilities) | | | 789 | | | | 51,214 | | |
Exelon Corp. (Electric Utilities) | | | 2,240 | | | | 83,328 | | |
Expedia Group, Inc.* (Hotels, Restaurants &
Leisure) | | | 284 | | | | 36,258 | | |
Expeditors International of Washington, Inc.
(Air Freight & Logistics) | | | 316 | | | | 39,443 | | |
Extra Space Storage, Inc. (Specialized REITs) | | | 474 | | | | 75,660 | | |
Exxon Mobil Corp. (Oil, Gas & Consumable
Fuels) | | | 10,048 | | | | 1,191,593 | | |
F5, Inc.* (Communications Equipment) | | | 131 | | | | 26,677 | | |
FactSet Research Systems, Inc. (Capital
Markets) | | | 85 | | | | 35,113 | | |
Fair Isaac Corp.* (Software) | | | 55 | | | | 88,000 | | |
Fastenal Co. (Trading Companies &
Distributors) | | | 1,282 | | | | 90,702 | | |
Federal Realty Investment Trust (Retail REITs) | | | 167 | | | | 18,646 | | |
FedEx Corp. (Air Freight & Logistics) | | | 507 | | | | 153,241 | | |
Fidelity National Information Services, Inc.
(Financial Services) | | | 1,246 | | | | 95,730 | | |
Fifth Third Bancorp (Banks) | | | 1,532 | | | | 64,865 | | |
First Horizon Corp. (Banks) | | | — | † | | | 5 | | |
First Solar, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 240 | | | | 51,838 | | |
FirstEnergy Corp. (Electric Utilities) | | | 1,160 | | | | 48,616 | | |
Fiserv, Inc.* (Financial Services) | | | 1,311 | | | | 214,440 | | |
FMC Corp. (Chemicals) | | | 280 | | | | 16,341 | | |
Ford Motor Co. (Automobiles) | | | 8,784 | | | | 95,043 | | |
Fortinet, Inc.* (Software) | | | 1,420 | | | | 82,417 | | |
Fortive Corp. (Machinery) | | | 789 | | | | 56,690 | | |
Fox Corp.—Class A (Media) | | | 518 | | | | 19,705 | | |
Fox Corp.—Class B (Media) | | | 296 | | | | 10,487 | | |
Franklin Resources, Inc. (Capital Markets) | | | 672 | | | | 15,369 | | |
Freeport-McMoRan, Inc. (Metals & Mining) | | | 3,218 | | | | 146,129 | | |
Garmin, Ltd. (Household Durables) | | | 344 | | | | 58,910 | | |
Gartner, Inc.* (IT Services) | | | 174 | | | | 87,207 | | |
GE HealthCare Technologies, Inc.
(Health Care Equipment & Supplies) | | | 951 | | | | 80,483 | | |
GE Vernova, Inc.* (Electrical Equipment) | | | 614 | | | | 109,439 | | |
Gen Digital, Inc. (Software) | | | 1,234 | | | | 32,072 | | |
Generac Holdings, Inc.* (Electrical
Equipment) | | | 136 | | | | 21,172 | | |
General Dynamics Corp. (Aerospace &
Defense) | | | 509 | | | | 152,043 | | |
General Electric Co. (Industrial
Conglomerates) | | | 2,452 | | | | 417,331 | | |
General Mills, Inc. (Food Products) | | | 1,265 | | | | 84,932 | | |
General Motors Co. (Automobiles) | | | 2,556 | | | | 113,282 | | |
Genuine Parts Co. (Distributors) | | | 312 | | | | 45,899 | | |
Gilead Sciences, Inc. (Biotechnology) | | | 2,791 | | | | 212,283 | | |
Global Payments, Inc. (Financial Services) | | | 572 | | | | 58,138 | | |
Globe Life, Inc. (Insurance) | | | 188 | | | | 17,435 | | |
GoDaddy, Inc.*—Class A (IT Services) | | | 316 | | | | 45,962 | | |
Halliburton Co. (Energy Equipment &
Services) | | | 1,983 | | | | 68,770 | | |
Hasbro, Inc. (Leisure Products) | | | 293 | | | | 18,887 | | |
HCA Healthcare, Inc. (Health Care
Providers & Services) | | | 434 | | | | 157,564 | | |
Common Stocks, continued
| | | Shares | | Value | |
Healthpeak Properties, Inc. (Health Care
REITs) | | | 1,576 | | | $ | 34,388 | | |
Henry Schein, Inc.* (Health Care Providers &
Services) | | | 287 | | | | 20,647 | | |
Hess Corp. (Oil, Gas & Consumable Fuels) | | | 619 | | | | 94,967 | | |
Hewlett Packard Enterprise Co. (Technology
Hardware, Storage & Peripherals) | | | 2,912 | | | | 57,978 | | |
Hilton Worldwide Holdings, Inc. (Hotels,
Restaurants & Leisure) | | | 560 | | | | 120,215 | | |
Hologic, Inc.* (Health Care Equipment &
Supplies) | | | 523 | | | | 42,682 | | |
Honeywell International, Inc. (Industrial
Conglomerates) | | | 1,459 | | | | 298,730 | | |
Hormel Foods Corp. (Food Products) | | | 650 | | | | 20,872 | | |
Host Hotels & Resorts, Inc. (Hotel & Resort
REITs) | | | 1,579 | | | | 27,648 | | |
Howmet Aerospace, Inc. (Aerospace &
Defense) | | | 869 | | | | 83,163 | | |
HP, Inc. (Technology Hardware, Storage &
Peripherals) | | | 1,933 | | | | 69,762 | | |
Hubbell, Inc. (Electrical Equipment) | | | 120 | | | | 47,478 | | |
Humana, Inc. (Health Care Providers &
Services) | | | 270 | | | | 97,635 | | |
Huntington Bancshares, Inc. (Banks) | | | 3,246 | | | | 48,528 | | |
Huntington Ingalls Industries, Inc.
(Aerospace & Defense) | | | 88 | | | | 24,638 | | |
IDEX Corp. (Machinery) | | | 170 | | | | 35,442 | | |
IDEXX Laboratories, Inc.* (Health Care
Equipment & Supplies) | | | 185 | | | | 88,082 | | |
Illinois Tool Works, Inc. (Machinery) | | | 608 | | | | 150,346 | | |
Incyte Corp.* (Biotechnology) | | | 417 | | | | 27,134 | | |
Ingersoll Rand, Inc. (Machinery) | | | 904 | | | | 90,762 | | |
Insulet Corp.* (Health Care Equipment &
Supplies) | | | 157 | | | | 30,513 | | |
Intel Corp. (Semiconductors &
Semiconductor Equipment) | | | 9,535 | | | | 293,106 | | |
Intercontinental Exchange, Inc. (Capital
Markets) | | | 1,285 | | | | 194,755 | | |
International Business Machines Corp.
(IT Services) | | | 2,058 | | | | 395,424 | | |
International Flavors & Fragrances, Inc.
(Chemicals) | | | 572 | | | | 56,903 | | |
International Paper Co. (Containers &
Packaging) | | | 778 | | | | 36,161 | | |
Intuit, Inc. (Software) | | | 627 | | | | 405,888 | | |
Intuitive Surgical, Inc.* (Health Care
Equipment & Supplies) | | | 795 | | | | 353,464 | | |
Invesco, Ltd. (Capital Markets) | | | 1,008 | | | | 17,398 | | |
Invitation Homes, Inc. (Residential REITs) | | | 1,290 | | | | 45,498 | | |
IQVIA Holdings, Inc.* (Life Sciences Tools &
Services) | | | 408 | | | | 100,462 | | |
Iron Mountain, Inc. (Specialized REITs) | | | 657 | | | | 67,382 | | |
J.B. Hunt Transport Services, Inc. (Ground
Transportation) | | | 183 | | | | 31,686 | | |
Jabil, Inc. (Electronic Equipment,
Instruments & Components) | | | 270 | | | | 30,421 | | |
Jack Henry & Associates, Inc. (Financial
Services) | | | 163 | | | | 27,951 | | |
Jacobs Solutions, Inc. (Professional Services) | | | 280 | | | | 40,978 | | |
Johnson & Johnson (Pharmaceuticals) | | | 5,391 | | | | 850,969 | | |
See accompanying notes to the financial statements.
126 :: UltraBull ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Johnson Controls International PLC (Building
Products) | | | 1,509 | | | $ | 107,954 | | |
JPMorgan Chase & Co. (Banks) | | | 6,432 | | | | 1,368,729 | | |
Juniper Networks, Inc. (Communications
Equipment) | | | 728 | | | | 27,438 | | |
Kellanova (Food Products) | | | 590 | | | | 34,309 | | |
Kenvue, Inc. (Personal Care Products) | | | 4,289 | | | | 79,304 | | |
Keurig Dr Pepper, Inc. (Beverages) | | | 2,338 | | | | 80,147 | | |
KeyCorp (Banks) | | | 2,112 | | | | 34,067 | | |
Keysight Technologies, Inc.* (Electronic
Equipment, Instruments & Components) | | | 391 | | | | 54,572 | | |
Kimberly-Clark Corp. (Household Products) | | | 754 | | | | 101,828 | | |
Kimco Realty Corp. (Retail REITs) | | | 1,495 | | | | 32,486 | | |
Kinder Morgan, Inc. (Oil, Gas & Consumable
Fuels) | | | 4,325 | | | | 91,387 | | |
KKR & Co., Inc. (Capital Markets) | | | 1,491 | | | | 184,064 | | |
KLA Corp. (Semiconductors &
Semiconductor Equipment) | | | 302 | | | | 248,567 | | |
L3Harris Technologies, Inc. (Aerospace &
Defense) | | | 425 | | | | 96,428 | | |
Labcorp Holdings, Inc. (Health Care
Providers & Services) | | | 189 | | | | 40,718 | | |
Lam Research Corp. (Semiconductors &
Semiconductor Equipment) | | | 293 | | | | 269,923 | | |
Lamb Weston Holdings, Inc. (Food Products) | | | 323 | | | | 19,386 | | |
Las Vegas Sands Corp. (Hotels, Restaurants &
Leisure) | | | 818 | | | | 32,450 | | |
Leidos Holdings, Inc. (Professional Services) | | | 303 | | | | 43,753 | | |
Lennar Corp.—Class A (Household Durables) | | | 548 | | | | 96,958 | | |
Linde PLC (Chemicals) | | | 1,077 | | | | 488,419 | | |
Live Nation Entertainment, Inc.*
(Entertainment) | | | 319 | | | | 30,685 | | |
LKQ Corp. (Distributors) | | | 598 | | | | 24,817 | | |
Lockheed Martin Corp. (Aerospace &
Defense) | | | 478 | | | | 259,038 | | |
Loews Corp. (Insurance) | | | 407 | | | | 32,540 | | |
Lowe's Cos., Inc. (Specialty Retail) | | | 1,281 | | | | 314,498 | | |
Lululemon Athletica, Inc.* (Textiles,
Apparel & Luxury Goods) | | | 257 | | | | 66,476 | | |
LyondellBasell Industries N.V.—Class A
(Chemicals) | | | 576 | | | | 57,289 | | |
M&T Bank Corp. (Banks) | | | 374 | | | | 64,392 | | |
Marathon Oil Corp. (Oil, Gas & Consumable
Fuels) | | | 1,263 | | | | 35,427 | | |
Marathon Petroleum Corp. (Oil, Gas &
Consumable Fuels) | | | 789 | | | | 139,669 | | |
MarketAxess Holdings, Inc. (Capital Markets) | | | 85 | | | | 19,000 | | |
Marriott International, Inc.—Class A
(Hotels, Restaurants & Leisure) | | | 538 | | | | 122,176 | | |
Marsh & McLennan Cos., Inc. (Insurance) | | | 1,104 | | | | 245,717 | | |
Martin Marietta Materials, Inc. (Construction
Materials) | | | 138 | | | | 81,882 | | |
Masco Corp. (Building Products) | | | 493 | | | | 38,380 | | |
Mastercard, Inc.—Class A (Financial Services) | | | 1,839 | | | | 852,763 | | |
Match Group, Inc.* (Interactive Media &
Services) | | | 595 | | | | 22,693 | | |
McCormick & Co., Inc. (Food Products) | | | 564 | | | | 43,434 | | |
McDonald's Corp. (Hotels, Restaurants &
Leisure) | | | 1,614 | | | | 428,355 | | |
McKesson Corp. (Health Care Providers &
Services) | | | 291 | | | | 179,553 | | |
Common Stocks, continued
| | | Shares | | Value | |
Medtronic PLC (Health Care Equipment &
Supplies) | | | 2,974 | | | $ | 238,872 | | |
Merck & Co., Inc. (Pharmaceuticals) | | | 5,673 | | | | 641,786 | | |
Meta Platforms, Inc.—Class A (Interactive
Media & Services) | | | 4,909 | | | | 2,330,941 | | |
MetLife, Inc. (Insurance) | | | 1,338 | | | | 102,825 | | |
Mettler-Toledo International, Inc.* (Life
Sciences Tools & Services) | | | 48 | | | | 73,009 | | |
MGM Resorts International* (Hotels,
Restaurants & Leisure) | | | 562 | | | | 24,149 | | |
Microchip Technology, Inc. (Semiconductors &
Semiconductor Equipment) | | | 1,210 | | | | 107,424 | | |
Micron Technology, Inc. (Semiconductors &
Semiconductor Equipment) | | | 2,480 | | | | 272,354 | | |
Microsoft Corp. (Software) | | | 16,648 | | | | 6,964,691 | | |
Mid-America Apartment Communities, Inc.
(Residential REITs) | | | 262 | | | | 36,620 | | |
Moderna, Inc.* (Biotechnology) | | | 747 | | | | 89,057 | | |
Mohawk Industries, Inc.* (Household
Durables) | | | 119 | | | | 19,167 | | |
Molina Healthcare, Inc.* (Health Care
Providers & Services) | | | 131 | | | | 44,706 | | |
Molson Coors Beverage Co.—Class B
(Beverages) | | | 407 | | | | 21,510 | | |
Mondelez International, Inc.—Class A
(Food Products) | | | 3,005 | | | | 205,391 | | |
Monolithic Power Systems, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 109 | | | | 94,077 | | |
Monster Beverage Corp.* (Beverages) | | | 1,589 | | | | 81,754 | | |
Moody's Corp. (Capital Markets) | | | 352 | | | | 160,681 | | |
Morgan Stanley (Capital Markets) | | | 2,803 | | | | 289,298 | | |
Motorola Solutions, Inc. (Communications
Equipment) | | | 374 | | | | 149,196 | | |
MSCI, Inc. (Capital Markets) | | | 177 | | | | 95,715 | | |
Nasdaq, Inc. (Capital Markets) | | | 925 | | | | 62,604 | | |
NetApp, Inc. (Technology Hardware,
Storage & Peripherals) | | | 462 | | | | 58,665 | | |
Netflix, Inc.* (Entertainment) | | | 965 | | | | 606,357 | | |
Newmont Corp. (Metals & Mining) | | | 2,583 | | | | 126,748 | | |
News Corp.—Class A (Media) | | | 849 | | | | 23,415 | | |
News Corp.—Class B (Media) | | | 256 | | | | 7,293 | | |
NextEra Energy, Inc. (Electric Utilities) | | | 4,602 | | | | 351,546 | | |
NIKE, Inc.—Class B (Textiles, Apparel &
Luxury Goods) | | | 2,714 | | | | 203,170 | | |
NiSource, Inc. (Multi-Utilities) | | | 1,004 | | | | 31,375 | | |
Nordson Corp. (Machinery) | | | 122 | | | | 30,540 | | |
Norfolk Southern Corp. (Ground
Transportation) | | | 506 | | | | 126,277 | | |
Northern Trust Corp. (Capital Markets) | | | 458 | | | | 40,602 | | |
Northrop Grumman Corp. (Aerospace &
Defense) | | | 312 | | | | 151,108 | | |
Norwegian Cruise Line Holdings, Ltd.*
(Hotels, Restaurants & Leisure) | | | 961 | | | | 17,711 | | |
NRG Energy, Inc. (Electric Utilities) | | | 467 | | | | 35,104 | | |
Nucor Corp. (Metals & Mining) | | | 537 | | | | 87,499 | | |
NVIDIA Corp. (Semiconductors &
Semiconductor Equipment) | | | 55,099 | | | | 6,447,684 | | |
NVR, Inc.* (Household Durables) | | | 7 | | | | 60,252 | | |
NXP Semiconductors N.V. (Semiconductors &
Semiconductor Equipment) | | | 573 | | | | 150,791 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraBull ProFund :: 127
Common Stocks, continued
| | | Shares | | Value | |
Occidental Petroleum Corp. (Oil, Gas &
Consumable Fuels) | | | 1,490 | | | $ | 90,622 | | |
Old Dominion Freight Line, Inc. (Ground
Transportation) | | | 399 | | | | 83,862 | | |
Omnicom Group, Inc. (Media) | | | 439 | | | | 43,040 | | |
ON Semiconductor Corp.* (Semiconductors &
Semiconductor Equipment) | | | 964 | | | | 75,433 | | |
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | | | 1,307 | | | | 108,912 | | |
Oracle Corp. (Software) | | | 3,571 | | | | 497,976 | | |
O'Reilly Automotive, Inc.* (Specialty Retail) | | | 132 | | | | 148,677 | | |
Otis Worldwide Corp. (Machinery) | | | 906 | | | | 85,617 | | |
PACCAR, Inc. (Machinery) | | | 1,174 | | | | 115,827 | | |
Packaging Corp. of America (Containers &
Packaging) | | | 200 | | | | 39,974 | | |
Palo Alto Networks, Inc.* (Software) | | | 724 | | | | 235,105 | | |
Paramount Global—Class B (Media) | | | 1,107 | | | | 12,642 | | |
Parker-Hannifin Corp. (Machinery) | | | 288 | | | | 161,614 | | |
Paychex, Inc. (Professional Services) | | | 718 | | | | 91,918 | | |
Paycom Software, Inc. (Professional Services) | | | 108 | | | | 18,013 | | |
PayPal Holdings, Inc.* (Financial Services) | | | 2,343 | | | | 154,123 | | |
Pentair PLC (Machinery) | | | 372 | | | | 32,688 | | |
PepsiCo, Inc. (Beverages) | | | 3,079 | | | | 531,651 | | |
Pfizer, Inc. (Pharmaceuticals) | | | 12,693 | | | | 387,644 | | |
PG&E Corp. (Electric Utilities) | | | 4,787 | | | | 87,363 | | |
Philip Morris International, Inc. (Tobacco) | | | 3,482 | | | | 400,988 | | |
Phillips 66 (Oil, Gas & Consumable Fuels) | | | 950 | | | | 138,206 | | |
Pinnacle West Capital Corp. (Electric Utilities) | | | 254 | | | | 21,740 | | |
Pool Corp. (Distributors) | | | 86 | | | | 32,167 | | |
PPG Industries, Inc. (Chemicals) | | | 527 | | | | 66,918 | | |
PPL Corp. (Electric Utilities) | | | 1,652 | | | | 49,097 | | |
Principal Financial Group, Inc. (Insurance) | | | 483 | | | | 39,369 | | |
Prologis, Inc. (Industrial REITs) | | | 2,074 | | | | 261,428 | | |
Prudential Financial, Inc. (Insurance) | | | 804 | | | | 100,757 | | |
PTC, Inc.* (Software) | | | 268 | | | | 47,664 | | |
Public Service Enterprise Group, Inc.
(Multi-Utilities) | | | 1,116 | | | | 89,023 | | |
Public Storage (Specialized REITs) | | | 354 | | | | 104,756 | | |
PulteGroup, Inc. (Household Durables) | | | 471 | | | | 62,172 | | |
Qorvo, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 216 | | | | 25,877 | | |
QUALCOMM, Inc. (Semiconductors &
Semiconductor Equipment) | | | 2,504 | | | | 453,098 | | |
Quanta Services, Inc. (Construction &
Engineering) | | | 328 | | | | 87,045 | | |
Quest Diagnostics, Inc. (Health Care
Providers & Services) | | | 249 | | | | 35,433 | | |
Ralph Lauren Corp. (Textiles, Apparel &
Luxury Goods) | | | 87 | | | | 15,276 | | |
Raymond James Financial, Inc. (Capital
Markets) | | | 418 | | | | 48,488 | | |
Realty Income Corp. (Retail REITs) | | | 1,950 | | | | 111,989 | | |
Regency Centers Corp. (Retail REITs) | | | 368 | | | | 24,781 | | |
Regeneron Pharmaceuticals, Inc.*
(Biotechnology) | | | 238 | | | | 256,847 | | |
Regions Financial Corp. (Banks) | | | 2,051 | | | | 45,881 | | |
Republic Services, Inc. (Commercial
Services & Supplies) | | | 459 | | | | 89,193 | | |
ResMed, Inc. (Health Care Equipment &
Supplies) | | | 329 | | | | 70,159 | | |
Revvity, Inc. (Life Sciences Tools & Services) | | | 276 | | | | 34,668 | | |
Common Stocks, continued
| | | Shares | | Value | |
Rockwell Automation, Inc. (Electrical
Equipment) | | | 255 | | | $ | 71,056 | | |
Rollins, Inc. (Commercial Services & Supplies) | | | 629 | | | | 30,135 | | |
Roper Technologies, Inc. (Software) | | | 240 | | | | 130,740 | | |
Ross Stores, Inc. (Specialty Retail) | | | 751 | | | | 107,566 | | |
Royal Caribbean Cruises, Ltd.* (Hotels,
Restaurants & Leisure) | | | 530 | | | | 83,062 | | |
RTX Corp. (Aerospace & Defense) | | | 2,978 | | | | 349,885 | | |
S&P Global, Inc. (Capital Markets) | | | 717 | | | | 347,550 | | |
Salesforce, Inc. (Software) | | | 2,176 | | | | 563,149 | | |
SBA Communications Corp. (Specialized
REITs) | | | 241 | | | | 52,909 | | |
Schlumberger N.V. (Energy Equipment &
Services) | | | 3,202 | | | | 154,625 | | |
Seagate Technology Holdings PLC
(Technology Hardware, Storage &
Peripherals) | | | 437 | | | | 44,648 | | |
Sempra (Multi-Utilities) | | | 1,418 | | | | 113,526 | | |
ServiceNow, Inc.* (Software) | | | 459 | | | | 373,805 | | |
Simon Property Group, Inc. (Retail REITs) | | | 730 | | | | 112,011 | | |
Skyworks Solutions, Inc. (Semiconductors &
Semiconductor Equipment) | | | 359 | | | | 40,790 | | |
Smurfit WestRock PLC* (Containers &
Packaging) | | | 1,155 | | | | 51,791 | | |
Snap-on, Inc. (Machinery) | | | 118 | | | | 33,870 | | |
Solventum Corp.* (Health Care Providers &
Services) | | | 309 | | | | 18,194 | | |
Southwest Airlines Co. (Passenger Airlines) | | | 1,341 | | | | 36,127 | | |
Stanley Black & Decker, Inc. (Machinery) | | | 345 | | | | 36,439 | | |
Starbucks Corp. (Hotels, Restaurants &
Leisure) | | | 2,537 | | | | 197,759 | | |
State Street Corp. (Capital Markets) | | | 675 | | | | 57,355 | | |
Steel Dynamics, Inc. (Metals & Mining) | | | 331 | | | | 44,096 | | |
STERIS PLC (Health Care Equipment &
Supplies) | | | 221 | | | | 52,766 | | |
Stryker Corp. (Health Care Equipment &
Supplies) | | | 759 | | | | 248,535 | | |
Super Micro Computer, Inc.* (Technology
Hardware, Storage & Peripherals) | | | 113 | | | | 79,286 | | |
Synchrony Financial (Consumer Finance) | | | 899 | | | | 45,660 | | |
Synopsys, Inc.* (Software) | | | 342 | | | | 190,945 | | |
Sysco Corp. (Consumer Staples
Distribution & Retail) | | | 1,115 | | | | 85,465 | | |
T. Rowe Price Group, Inc. (Capital Markets) | | | 500 | | | | 57,105 | | |
Take-Two Interactive Software, Inc.*
(Entertainment) | | | 356 | | | | 53,589 | | |
Tapestry, Inc. (Textiles, Apparel & Luxury
Goods) | | | 515 | | | | 20,646 | | |
Targa Resources Corp. (Oil, Gas &
Consumable Fuels) | | | 497 | | | | 67,234 | | |
Target Corp. (Consumer Staples
Distribution & Retail) | | | 1,036 | | | | 155,825 | | |
TE Connectivity, Ltd. (Electronic
Equipment, Instruments & Components) | | | 686 | | | | 105,870 | | |
Teledyne Technologies, Inc.* (Electronic
Equipment, Instruments & Components) | | | 106 | | | | 44,717 | | |
Teleflex, Inc. (Health Care Equipment &
Supplies) | | | 106 | | | | 23,418 | | |
Teradyne, Inc. (Semiconductors &
Semiconductor Equipment) | | | 350 | | | | 45,906 | | |
Tesla, Inc.* (Automobiles) | | | 6,215 | | | | 1,442,315 | | |
See accompanying notes to the financial statements.
128 :: UltraBull ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Texas Instruments, Inc. (Semiconductors &
Semiconductor Equipment) | | | 2,039 | | | $ | 415,569 | | |
Textron, Inc. (Aerospace & Defense) | | | 427 | | | | 39,668 | | |
The AES Corp. (Independent Power and
Renewable Electricity Producers) | | | 1,592 | | | | 28,322 | | |
The Allstate Corp. (Insurance) | | | 591 | | | | 101,132 | | |
The Bank of New York Mellon Corp.
(Capital Markets) | | | 1,675 | | | | 108,992 | | |
The Boeing Co.* (Aerospace & Defense) | | | 1,293 | | | | 246,446 | | |
The Charles Schwab Corp. (Capital Markets) | | | 3,344 | | | | 217,995 | | |
The Cigna Group (Health Care Providers &
Services) | | | 636 | | | | 221,754 | | |
The Clorox Co. (Household Products) | | | 278 | | | | 36,677 | | |
The Coca-Cola Co. (Beverages) | | | 8,685 | | | | 579,636 | | |
The Cooper Cos., Inc.* (Health Care
Equipment & Supplies) | | | 445 | | | | 41,532 | | |
The Estee Lauder Cos., Inc. (Personal Care
Products) | | | 522 | | | | 51,996 | | |
The Goldman Sachs Group, Inc. (Capital
Markets) | | | 722 | | | | 367,519 | | |
The Hartford Financial Services Group, Inc.
(Insurance) | | | 662 | | | | 73,429 | | |
The Hershey Co. (Food Products) | | | 331 | | | | 65,366 | | |
The Home Depot, Inc. (Specialty Retail) | | | 2,220 | | | | 817,315 | | |
The Interpublic Group of Cos., Inc. (Media) | | | 845 | | | | 27,184 | | |
The J M Smucker Co. (Food Products) | | | 238 | | | | 28,072 | | |
The Kraft Heinz Co. (Food Products) | | | 1,768 | | | | 62,251 | | |
The Kroger Co. (Consumer Staples
Distribution & Retail) | | | 1,499 | | | | 81,696 | | |
The Mosaic Co. (Chemicals) | | | 720 | | | | 21,434 | | |
The PNC Financial Services Group, Inc.
(Banks) | | | 891 | | | | 161,360 | | |
The Procter & Gamble Co. (Household
Products) | | | 5,287 | | | | 849,938 | | |
The Progressive Corp. (Insurance) | | | 1,312 | | | | 280,925 | | |
The Sherwin-Williams Co. (Chemicals) | | | 522 | | | | 183,118 | | |
The Southern Co. (Electric Utilities) | | | 2,449 | | | | 204,539 | | |
The TJX Cos., Inc. (Specialty Retail) | | | 2,537 | | | | 286,732 | | |
The Travelers Cos., Inc. (Insurance) | | | 513 | | | | 111,034 | | |
The Walt Disney Co. (Entertainment) | | | 4,083 | | | | 382,536 | | |
The Williams Cos., Inc. (Oil, Gas &
Consumable Fuels) | | | 2,730 | | | | 117,226 | | |
Thermo Fisher Scientific, Inc. (Life Sciences
Tools & Services) | | | 855 | | | | 524,406 | | |
T-Mobile U.S., Inc. (Wireless
Telecommunication Services) | | | 1,155 | | | | 210,533 | | |
Tractor Supply Co. (Specialty Retail) | | | 241 | | | | 63,460 | | |
Trane Technologies PLC (Building Products) | | | 507 | | | | 169,480 | | |
TransDigm Group, Inc. (Aerospace &
Defense) | | | 125 | | | | 161,778 | | |
Trimble, Inc.* (Electronic Equipment,
Instruments & Components) | | | 547 | | | | 29,833 | | |
Truist Financial Corp. (Banks) | | | 2,997 | | | | 133,936 | | |
Tyler Technologies, Inc.* (Software) | | | 95 | | | | 53,970 | | |
Tyson Foods, Inc.—Class A (Food Products) | | | 641 | | | | 39,037 | | |
U.S. Bancorp (Banks) | | | 3,495 | | | | 156,856 | | |
Uber Technologies, Inc.* (Ground
Transportation) | | | 4,680 | | | | 301,720 | | |
UDR, Inc. (Residential REITs) | | | 679 | | | | 27,208 | | |
Ulta Beauty, Inc.* (Specialty Retail) | | | 107 | | | | 39,043 | | |
Union Pacific Corp. (Ground Transportation) | | | 1,367 | | | | 337,280 | | |
Common Stocks, continued
| | | Shares | | Value | |
United Airlines Holdings, Inc.* (Passenger
Airlines) | | | 736 | | | $ | 33,429 | | |
United Parcel Service, Inc.—Class B (Air
Freight & Logistics) | | | 1,634 | | | | 213,025 | | |
United Rentals, Inc. (Trading Companies &
Distributors) | | | 149 | | | | 112,808 | | |
UnitedHealth Group, Inc. (Health Care
Providers & Services) | | | 2,062 | | | | 1,188,042 | | |
Universal Health Services, Inc.—Class B
(Health Care Providers & Services) | | | 134 | | | | 28,644 | | |
Valero Energy Corp. (Oil, Gas & Consumable
Fuels) | | | 732 | | | | 118,379 | | |
Ventas, Inc. (Health Care REITs) | | | 907 | | | | 49,377 | | |
Veralto Corp. (Commercial Services &
Supplies) | | | 492 | | | | 52,428 | | |
VeriSign, Inc.* (IT Services) | | | 194 | | | | 36,280 | | |
Verisk Analytics, Inc. (Professional Services) | | | 320 | | | | 83,760 | | |
Verizon Communications, Inc. (Diversified
Telecommunication Services) | | | 9,428 | | | | 382,023 | | |
Vertex Pharmaceuticals, Inc.* (Biotechnology) | | | 578 | | | | 286,526 | | |
Viatris, Inc. (Pharmaceuticals) | | | 2,667 | | | | 32,164 | | |
VICI Properties, Inc. (Specialized REITs) | | | 2,337 | | | | 73,055 | | |
Visa, Inc.—Class A (Financial Services) | | | 3,526 | | | | 936,752 | | |
Vistra Corp. (Independent Power and
Renewable Electricity Producers) | | | 732 | | | | 57,989 | | |
Vulcan Materials Co. (Construction Materials) | | | 296 | | | | 81,255 | | |
W.R. Berkley Corp. (Insurance) | | | 678 | | | | 37,378 | | |
W.W. Grainger, Inc. (Trading Companies &
Distributors) | | | 98 | | | | 95,727 | | |
Walgreens Boots Alliance, Inc. (Consumer
Staples Distribution & Retail) | | | 1,604 | | | | 19,039 | | |
Walmart, Inc. (Consumer Staples
Distribution & Retail) | | | 9,568 | | | | 656,748 | | |
Warner Bros. Discovery, Inc.* (Entertainment) | | | 4,995 | | | | 43,207 | | |
Waste Management, Inc. (Commercial
Services & Supplies) | | | 818 | | | | 165,776 | | |
Waters Corp.* (Life Sciences Tools &
Services) | | | 133 | | | | 44,725 | | |
WEC Energy Group, Inc. (Multi-Utilities) | | | 707 | | | | 60,844 | | |
Wells Fargo & Co. (Banks) | | | 7,809 | | | | 463,386 | | |
Welltower, Inc. (Health Care REITs) | | | 1,339 | | | | 148,964 | | |
West Pharmaceutical Services, Inc. (Life
Sciences Tools & Services) | | | 163 | | | | 49,906 | | |
Western Digital Corp.* (Technology
Hardware, Storage & Peripherals) | | | 731 | | | | 49,014 | | |
Westinghouse Air Brake Technologies
Corp. (Machinery) | | | 395 | | | | 63,654 | | |
Weyerhaeuser Co. (Specialized REITs) | | | 1,633 | | | | 51,864 | | |
Willis Towers Watson PLC (Insurance) | | | 229 | | | | 64,642 | | |
Wynn Resorts, Ltd. (Hotels, Restaurants &
Leisure) | | | 212 | | | | 17,558 | | |
Xcel Energy, Inc. (Electric Utilities) | | | 1,245 | | | | 72,559 | | |
Xylem, Inc. (Machinery) | | | 543 | | | | 72,491 | | |
Yum! Brands, Inc. (Hotels, Restaurants &
Leisure) | | | 631 | | | | 83,816 | | |
Zebra Technologies Corp.* (Electronic
Equipment, Instruments & Components) | | | 115 | | | | 40,387 | | |
Zimmer Biomet Holdings, Inc. (Health Care
Equipment & Supplies) | | | 461 | | | | 51,332 | | |
Zoetis, Inc. (Pharmaceuticals) | | | 1,022 | | | | 184,001 | | |
TOTAL COMMON STOCKS
(Cost $36,520,653) | | | | | 103,890,534 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraBull ProFund :: 129
Repurchase Agreements(a)(b) (26.4%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $38,347,536 | | $ | 38,342,000 | | | $ | 38,342,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $38,342,000) | | | | | 38,342,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $74,862,653)—97.9% | | | | | 142,232,534 | | |
Net other assets (liabilities)—2.1% | | | | | 3,059,119 | | |
NET ASSETS—100.0% | | | | $ | 145,291,653 | | |
† 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, 2024, the aggregate amount held in a segregated account was $22,707,000.
REIT Real Estate Investment Trust
Futures Contracts Purchased
| | | Number
of
Contracts | | Expiration
Date | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
E-Mini S&P 500 Futures Contracts | | | 64 | | | 9/23/24 | | $ | 17,785,600 | | | $ | 17,151 | | |
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 | | 8/27/24 | | | 6.08 | % | | $ | 56,106,567 | | | $ | 541,565 | | |
SPDR S&P 500 ETF | | Goldman Sachs International | | 8/27/24 | | | 5.99 | % | | | 32,783,503 | | | | 341,680 | | |
| | | | | | | | | $ | 88,890,070 | | | $ | 883,245 | | |
S&P 500 | | UBS AG | | 8/27/24 | | | 5.93 | % | | $ | 69,117,659 | | | $ | 728,613 | | |
SPDR S&P 500 ETF | | UBS AG | | 8/27/24 | | | 5.43 | % | | | 10,606,707 | | | | 113,324 | | |
| | | | | | | | | $ | 79,724,366 | | | $ | 841,937 | | |
| | | | | | | | | $ | 168,614,436 | | | $ | 1,725,182 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
130 :: UltraBull ProFund :: Schedule of Portfolio Investments :: July 31, 2024
UltraBull ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Aerospace & Defense | | $ | 1,611,897 | | | | 1.1 | % | |
Air Freight & Logistics | | | 429,040 | | | | 0.3 | % | |
Automobile Components | | | 60,267 | | | | NM | | |
Automobiles | | | 1,650,640 | | | | 1.1 | % | |
Banks | | | 3,477,041 | | | | 2.4 | % | |
Beverages | | | 1,401,310 | | | | 1.0 | % | |
Biotechnology | | | 2,073,921 | | | | 1.4 | % | |
Broadline Retail | | | 3,915,593 | | | | 2.7 | % | |
Building Products | | | 539,209 | | | | 0.4 | % | |
Capital Markets | | | 3,116,638 | | | | 2.1 | % | |
Chemicals | | | 1,519,788 | | | | 1.1 | % | |
Commercial Services & Supplies | | | 587,539 | | | | 0.4 | % | |
Communications Equipment | | | 839,940 | | | | 0.6 | % | |
Construction & Engineering | | | 87,045 | | | | 0.1 | % | |
Construction Materials | | | 163,137 | | | | 0.1 | % | |
Consumer Finance | | | 578,157 | | | | 0.4 | % | |
Consumer Staples Distribution & Retail | | | 1,922,664 | | | | 1.3 | % | |
Containers & Packaging | | | 245,402 | | | | 0.2 | % | |
Distributors | | | 102,883 | | | | 0.1 | % | |
Diversified Telecommunication
Services | | | 691,197 | | | | 0.5 | % | |
Electric Utilities | | | 1,630,135 | | | | 1.1 | % | |
Electrical Equipment | | | 762,118 | | | | 0.5 | % | |
Electronic Equipment, Instruments &
Components | | | 613,473 | | | | 0.4 | % | |
Energy Equipment & Services | | | 309,934 | | | | 0.2 | % | |
Entertainment | | | 1,198,636 | | | | 0.8 | % | |
Financial Services | | | 4,118,015 | | | | 2.8 | % | |
Food Products | | | 758,253 | | | | 0.5 | % | |
Gas Utilities | | | 43,223 | | | | NM | | |
Ground Transportation | | | 1,034,528 | | | | 0.7 | % | |
Health Care Equipment & Supplies | | | 2,356,760 | | | | 1.6 | % | |
Health Care Providers & Services | | | 2,730,799 | | | | 1.9 | % | |
Health Care REITs | | | 232,729 | | | | 0.2 | % | |
Hotel & Resort REITs | | | 27,648 | | | | NM | | |
Hotels, Restaurants & Leisure | | | 1,881,843 | | | | 1.3 | % | |
Household Durables | | | 416,933 | | | | 0.3 | % | |
Household Products | | | 1,224,463 | | | | 0.8 | % | |
Independent Power and Renewable
Electricity Producers | | | 86,311 | | | | 0.1 | % | |
Industrial Conglomerates | | | 874,095 | | | | 0.6 | % | |
| | | Value | | % of
Net Assets | |
Industrial REITs | | $ | 261,428 | | | | 0.2 | % | |
Insurance | | | 2,222,113 | | | | 1.5 | % | |
Interactive Media & Services | | | 6,505,885 | | | | 4.5 | % | |
IT Services | | | 1,176,174 | | | | 0.8 | % | |
Leisure Products | | | 18,887 | | | | NM | | |
Life Sciences Tools & Services | | | 1,401,619 | | | | 1.0 | % | |
Machinery | | | 1,706,858 | | | | 1.2 | % | |
Media | | | 588,780 | | | | 0.4 | % | |
Metals & Mining | | | 404,472 | | | | 0.3 | % | |
Multi-Utilities | | | 657,111 | | | | 0.5 | % | |
Office REITs | | | 64,508 | | | | NM | | |
Oil, Gas & Consumable Fuels | | | 3,525,837 | | | | 2.4 | % | |
Passenger Airlines | | | 147,360 | | | | 0.1 | % | |
Personal Care Products | | | 131,300 | | | | 0.1 | % | |
Pharmaceuticals | | | 3,774,602 | | | | 2.6 | % | |
Professional Services | | | 674,326 | | | | 0.5 | % | |
Real Estate Management &
Development | | | 147,580 | | | | 0.1 | % | |
Residential REITs | | | 294,798 | | | | 0.2 | % | |
Retail REITs | | | 299,913 | | | | 0.2 | % | |
Semiconductors & Semiconductor
Equipment | | | 11,770,767 | | | | 8.1 | % | |
Software | | | 10,728,772 | | | | 7.4 | % | |
Specialized REITs | | | 1,040,272 | | | | 0.7 | % | |
Specialty Retail | | | 1,985,014 | | | | 1.4 | % | |
Technology Hardware, Storage &
Peripherals | | | 7,529,428 | | | | 5.2 | % | |
Textiles, Apparel & Luxury Goods | | | 358,158 | | | | 0.3 | % | |
Tobacco | | | 589,529 | | | | 0.4 | % | |
Trading Companies & Distributors | | | 299,237 | | | | 0.2 | % | |
Water Utilities | | | 62,069 | | | | NM | | |
Wireless Telecommunication Services | | | 210,533 | | | | 0.1 | % | |
Other** | | | 41,401,119 | | | | 28.5 | % | |
Total | | $ | 145,291,653 | | | | 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%.
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraChina ProFund :: 131
Common Stocks (86.6%)
| | | Shares | | Value | |
Alibaba Group Holding, Ltd.ADR (Broadline
Retail) | | | 41,991 | | | $ | 3,310,990 | | |
Atour Lifestyle Holdings, Ltd.ADR (Hotels,
Restaurants & Leisure) | | | 4,041 | | | | 67,646 | | |
Autohome, Inc.ADR (Interactive Media &
Services) | | | 2,489 | | | | 62,076 | | |
Baidu, Inc.*ADR (Interactive Media &
Services) | | | 6,235 | | | | 552,234 | | |
BeiGene, Ltd.*ADR (Biotechnology) | | | 3,468 | | | | 577,699 | | |
Bilibili, Inc.*ADR (Entertainment) | | | 10,758 | | | | 162,984 | | |
Daqo New Energy Corp.*ADR(a)
(Semiconductors & Semiconductor
Equipment) | | | 3,176 | | | | 55,675 | | |
EHang Holdings, Ltd.*ADR (Aerospace &
Defense) | | | 2,537 | | | | 32,372 | | |
Full Truck Alliance Co., Ltd.ADR (Ground
Transportation) | | | 36,724 | | | | 279,102 | | |
Gaotu Techedu, Inc.*ADR (Diversified
Consumer Services) | | | 6,699 | | | | 32,155 | | |
GDS Holdings, Ltd.*ADR (IT Services) | | | 7,699 | | | | 86,460 | | |
H World Group, Ltd.ADR (Hotels,
Restaurants & Leisure) | | | 7,404 | | | | 222,120 | | |
Hello Group, Inc.ADR (Interactive Media &
Services) | | | 6,415 | | | | 43,301 | | |
HUYA, Inc.ADR (Entertainment) | | | 5,011 | | | | 21,347 | | |
iQIYI, Inc.*ADR (Entertainment) | | | 17,140 | | | | 57,076 | | |
JD.com, Inc.ADR (Broadline Retail) | | | 28,994 | | | | 765,152 | | |
JinkoSolar Holding Co., Ltd.ADR
(Semiconductors & Semiconductor
Equipment) | | | 2,709 | | | | 56,239 | | |
JOYY, Inc.ADR (Interactive Media &
Services) | | | 2,351 | | | | 78,265 | | |
Kanzhun, Ltd.ADR (Interactive Media &
Services) | | | 19,187 | | | | 260,559 | | |
KE Holdings, Inc.ADR (Real Estate
Management & Development) | | | 38,212 | | | | 529,236 | | |
Kingsoft Cloud Holdings, Ltd.*ADR
(IT Services) | | | 10,298 | | | | 27,805 | | |
Legend Biotech Corp.*ADR(a) (Biotechnology) | | | 2,148 | | | | 121,126 | | |
Li Auto, Inc.*ADR (Automobiles) | | | 33,189 | | | | 655,151 | | |
Lufax Holding, Ltd.*ADR(a) (Consumer
Finance) | | | 5,551 | | | | 15,765 | | |
MINISO Group Holding, Ltd.ADR (Broadline
Retail) | | | 4,336 | | | | 72,281 | | |
NetEase, Inc. (Entertainment) | | | 7,878 | | | | 725,643 | | |
New Oriental Education & Technology
Group, Inc.*ADR (Diversified Consumer
Services) | | | 8,490 | | | | 533,342 | | |
NIO, Inc.*ADR(a) (Automobiles) | | | 100,282 | | | | 445,252 | | |
PDD Holdings, Inc.*ADR (Broadline Retail) | | | 21,283 | | | | 2,743,166 | | |
Qifu Technology, Inc.ADR (Consumer
Finance) | | | 4,771 | | | | 96,899 | | |
RLX Technology, Inc.ADR (Tobacco) | | | 37,897 | | | | 67,836 | | |
Structure Therapeutics, Inc.*ADR(a)
(Pharmaceuticals) | | | 1,295 | | | | 48,420 | | |
TAL Education Group*ADR (Diversified
Consumer Services) | | | 24,556 | | | | 246,051 | | |
Common Stocks, continued
| | | Shares | | Value | |
Tencent Music Entertainment GroupADR
(Entertainment) | | | 36,384 | | | $ | 515,925 | | |
Trip.com Group, Ltd.*ADR (Hotels,
Restaurants & Leisure) | | | 12,338 | | | | 524,735 | | |
Up Fintech Holding, Ltd.*ADR (Capital
Markets) | | | 3,998 | | | | 16,312 | | |
Vipshop Holdings, Ltd.ADR (Broadline Retail) | | | 13,556 | | | | 184,904 | | |
Weibo Corp.ADR (Interactive Media &
Services) | | | 4,132 | | | | 31,899 | | |
XPeng, Inc.*ADR (Automobiles) | | | 31,868 | | | | 256,856 | | |
Zai Lab, Ltd.*ADR(a) (Biotechnology) | | | 3,449 | | | | 65,634 | | |
ZTO Express Cayman, Inc.ADR (Air Freight &
Logistics) | | | 24,576 | | | | 465,715 | | |
TOTAL COMMON STOCKS
(Cost $11,081,236) | | | | | 15,113,405 | | |
Repurchase Agreements(b)(c) (12.9%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $2,260,326 | | $ | 2,260,000 | | | $ | 2,260,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $2,260,000) | | | | | 2,260,000 | | |
Collateral for Securities Loaned(d) (3.4%)
| | | Shares | | Value | |
Invesco Government & Agency Portfolio—
Institutional Shares, 5.22%(e) | | | 594,085 | | | $ | 594,085 | | |
TOTAL COLLATERAL FOR SECURITIES LOANED
(Cost $594,085) | | | | | 594,085 | | |
TOTAL INVESTMENT SECURITIES
(Cost $13,935,321)—102.9% | | | | | 17,967,490 | | |
Net other assets (liabilities)—(2.9)% | | | | | (499,246 | ) | |
NET ASSETS—100.0% | | | | $ | 17,468,244 | | |
* Non-income producing security.
(a) All or part of this security was on loan as of July 31, 2024. The total value of securities on loan as of July 31, 2024 was $565,455.
(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, 2024, the aggregate amount held in a segregated account was $842,000.
(d) Securities were purchased with cash collateral held from securities on loan at July 31, 2024.
(e) Rate periodically changes. Rate disclosed is the daily yield on July 31, 2024.
ADR American Depositary Receipt
See accompanying notes to the financial statements.
132 :: UltraChina ProFund :: Schedule of Portfolio Investments :: July 31, 2024
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 | | 8/27/24 | | | 6.08 | % | | $ | 9,564,792 | | | $ | (24,262 | ) | |
S&P China Select ADR
Index (USD) | | UBS AG | | 8/27/24 | | | 5.58 | % | | | 10,265,179 | | | | (46,412 | ) | |
| | | | | | | | | $ | 19,829,971 | | | $ | (70,674 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
UltraChina ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Aerospace & Defense | | $ | 32,372 | | | | 0.2 | % | |
Air Freight & Logistics | | | 465,715 | | | | 2.7 | % | |
Automobiles | | | 1,357,259 | | | | 7.8 | % | |
Biotechnology | | | 764,460 | | | | 4.4 | % | |
Broadline Retail | | | 7,076,493 | | | | 40.5 | % | |
Capital Markets | | | 16,312 | | | | 0.1 | % | |
Consumer Finance | | | 112,664 | | | | 0.6 | % | |
Diversified Consumer Services | | | 811,548 | | | | 4.6 | % | |
Entertainment | | | 1,482,974 | | | | 8.5 | % | |
Ground Transportation | | | 279,102 | | | | 1.6 | % | |
Hotels, Restaurants & Leisure | | | 814,502 | | | | 4.7 | % | |
Interactive Media & Services | | | 1,028,334 | | | | 5.9 | % | |
IT Services | | | 114,264 | | | | 0.7 | % | |
Pharmaceuticals | | | 48,420 | | | | 0.3 | % | |
Real Estate Management &
Development | | | 529,236 | | | | 3.0 | % | |
Semiconductors & Semiconductor
Equipment | | | 111,914 | | | | 0.6 | % | |
Tobacco | | | 67,836 | | | | 0.4 | % | |
Other** | | | 2,354,839 | | | | 13.4 | % | |
Total | | $ | 17,468,244 | | | | 100.0 | % | |
UltraChina ProFund invested in securities with exposure to the following countries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
China | | $ | 11,544,729 | | | | 66.2 | % | |
Ireland | | | 2,743,166 | | | | 15.7 | % | |
Singapore | | | 78,265 | | | | 0.4 | % | |
United States | | | 747,245 | | | | 4.3 | % | |
Other** | | | 2,354,839 | | | | 13.4 | % | |
Total | | $ | 17,468,244 | | | | 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, 2024 :: Schedule of Portfolio Investments :: UltraDow 30 ProFund :: 133
Common Stocks (65.0%)
| | | Shares | | Value | |
3M Co. (Industrial Conglomerates) | | | 4,119 | | | $ | 525,378 | | |
Amazon.com, Inc.* (Broadline Retail) | | | 4,119 | | | | 770,171 | | |
American Express Co. (Consumer Finance) | | | 4,120 | | | | 1,042,525 | | |
Amgen, Inc. (Biotechnology) | | | 4,120 | | | | 1,369,776 | | |
Apple, Inc. (Technology Hardware, Storage &
Peripherals) | | | 4,119 | | | | 914,748 | | |
Caterpillar, Inc. (Machinery) | | | 4,120 | | | | 1,426,345 | | |
Chevron Corp. (Oil, Gas & Consumable Fuels) | | | 4,119 | | | | 660,976 | | |
Cisco Systems, Inc. (Communications
Equipment) | | | 4,118 | | | | 199,517 | | |
Dow, Inc. (Chemicals) | | | 4,119 | | | | 224,362 | | |
Honeywell International, Inc. (Industrial
Conglomerates) | | | 4,120 | | | | 843,570 | | |
Intel Corp. (Semiconductors & Semiconductor
Equipment) | | | 4,119 | | | | 126,618 | | |
International Business Machines Corp.
(IT Services) | | | 4,119 | | | | 791,425 | | |
Johnson & Johnson (Pharmaceuticals) | | | 4,120 | | | | 650,342 | | |
JPMorgan Chase & Co. (Banks) | | | 4,120 | | | | 876,736 | | |
McDonald's Corp. (Hotels, Restaurants &
Leisure) | | | 4,120 | | | | 1,093,448 | | |
Merck & Co., Inc. (Pharmaceuticals) | | | 4,119 | | | | 465,982 | | |
Microsoft Corp. (Software) | | | 4,120 | | | | 1,723,601 | | |
NIKE, Inc.—Class B (Textiles, Apparel &
Luxury Goods) | | | 4,119 | | | | 308,348 | | |
Salesforce, Inc. (Software) | | | 4,120 | | | | 1,066,256 | | |
The Boeing Co.* (Aerospace & Defense) | | | 4,119 | | | | 785,081 | | |
The Coca-Cola Co. (Beverages) | | | 4,119 | | | | 274,902 | | |
The Goldman Sachs Group, Inc. (Capital
Markets) | | | 4,120 | | | | 2,097,204 | | |
The Home Depot, Inc. (Specialty Retail) | | | 4,120 | | | | 1,516,819 | | |
The Procter & Gamble Co. (Household
Products) | | | 4,119 | | | | 662,171 | | |
The Travelers Cos., Inc. (Insurance) | | | 4,120 | | | | 891,733 | | |
The Walt Disney Co. (Entertainment) | | | 4,119 | | | | 385,909 | | |
Common Stocks, continued
| | | Shares | | Value | |
UnitedHealth Group, Inc. (Health Care
Providers & Services) | | | 4,120 | | | $ | 2,373,780 | | |
Verizon Communications, Inc. (Diversified
Telecommunication Services) | | | 4,118 | | | | 166,861 | | |
Visa, Inc.—Class A (Financial Services) | | | 4,120 | | | | 1,094,560 | | |
Walmart, Inc. (Consumer Staples
Distribution & Retail) | | | 4,119 | | | | 282,728 | | |
TOTAL COMMON STOCKS
(Cost $8,035,930) | | | | | 25,611,872 | | |
Repurchase Agreements(a)(b) (34.7%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $13,687,976 | | $ | 13,686,000 | | | $ | 13,686,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $13,686,000) | | | | | 13,686,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $21,721,930)—99.7% | | | | | 39,297,872 | | |
Net other assets (liabilities)—0.3% | | | | | 106,959 | | |
NET ASSETS—100.0% | | | | $ | 39,404,831 | | |
* 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, 2024, the aggregate amount held in a segregated account was $6,293,000.
Futures Contracts Purchased
| | | Number
of
Contracts | | Expiration
Date | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
E-Mini Dow Jones Futures Contracts | | | 21 | | | 9/23/24 | | $ | 4,312,665 | | | $ | 201,555 | | |
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 | | 8/27/24 | | | 6.08 | % | | $ | 20,329,629 | | | $ | 143,933 | | |
SPDR Dow Jones Industrial Average ETF | | Goldman Sachs International | | 8/27/24 | | | 5.92 | % | | | 8,862,141 | | | | 71,096 | | |
| | | | | | | | | $ | 29,191,770 | | | $ | 215,029 | | |
Dow Jones Industrial Average | | UBS AG | | 8/27/24 | | | 5.48 | % | | $ | 14,167,465 | | | $ | 98,089 | | |
SPDR Dow Jones Industrial Average ETF | | UBS AG | | 8/27/24 | | | 5.63 | % | | | 5,493,815 | | | | 38,380 | | |
| | | | | | | | | $ | 19,661,280 | | | $ | 136,469 | | |
| | | | | | | | | $ | 48,853,050 | | | $ | 351,498 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
134 :: UltraDow 30 ProFund :: Schedule of Portfolio Investments :: July 31, 2024
UltraDow 30 ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Aerospace & Defense | | $ | 785,081 | | | | 2.0 | % | |
Banks | | | 876,736 | | | | 2.2 | % | |
Beverages | | | 274,902 | | | | 0.7 | % | |
Biotechnology | | | 1,369,776 | | | | 3.5 | % | |
Broadline Retail | | | 770,171 | | | | 2.0 | % | |
Capital Markets | | | 2,097,204 | | | | 5.3 | % | |
Chemicals | | | 224,362 | | | | 0.6 | % | |
Communications Equipment | | | 199,517 | | | | 0.5 | % | |
Consumer Finance | | | 1,042,525 | | | | 2.6 | % | |
Consumer Staples Distribution & Retail | | | 282,728 | | | | 0.7 | % | |
Diversified Telecommunication Services | | | 166,861 | | | | 0.4 | % | |
Entertainment | | | 385,909 | | | | 1.0 | % | |
Financial Services | | | 1,094,560 | | | | 2.8 | % | |
Health Care Providers & Services | | | 2,373,779 | | | | 5.9 | % | |
Hotels, Restaurants & Leisure | | | 1,093,448 | | | | 2.8 | % | |
Household Products | | | 662,170 | | | | 1.7 | % | |
Industrial Conglomerates | | | 1,368,949 | | | | 3.5 | % | |
Insurance | | | 891,733 | | | | 2.3 | % | |
IT Services | | | 791,425 | | | | 2.0 | % | |
Machinery | | | 1,426,344 | | | | 3.6 | % | |
Oil, Gas & Consumable Fuels | | | 660,976 | | | | 1.7 | % | |
Pharmaceuticals | | | 1,116,325 | | | | 2.8 | % | |
Semiconductors & Semiconductor
Equipment | | | 126,618 | | | | 0.3 | % | |
Software | | | 2,789,858 | | | | 7.1 | % | |
Specialty Retail | | | 1,516,819 | | | | 3.9 | % | |
Technology Hardware, Storage &
Peripherals | | | 914,748 | | | | 2.3 | % | |
Textiles, Apparel & Luxury Goods | | | 308,348 | | | | 0.8 | % | |
Other** | | | 13,792,959 | | | | 35.0 | % | |
Total | | $ | 39,404,831 | | | | 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, 2024 :: Schedule of Portfolio Investments :: UltraEmerging Markets ProFund :: 135
Common Stocks (79.5%)
| | | Shares | | Value | |
Alibaba Group Holding, Ltd.ADR (Broadline
Retail) | | | 7,904 | | | $ | 623,230 | | |
Ambev S.A.ADR (Beverages) | | | 20,108 | | | | 41,422 | | |
America Movil S.A.B. de C.V.ADR (Wireless
Telecommunication Services) | | | 4,653 | | | | 77,798 | | |
ASE Technology Holding Co., Ltd.ADR
(Semiconductors & Semiconductor
Equipment) | | | 7,807 | | | | 78,226 | | |
Baidu, Inc.*ADR (Interactive Media & Services) | | | 1,300 | | | | 115,141 | | |
Banco Bradesco S.A.ADR (Banks) | | | 24,208 | | | | 53,742 | | |
Banco de ChileADR (Banks) | | | 990 | | | | 23,681 | | |
BeiGene, Ltd.*ADR (Biotechnology) | | | 275 | | | | 45,810 | | |
Cemex S.A.B. de C.V.ADR (Construction
Materials) | | | 6,883 | | | | 44,189 | | |
Centrais Eletricas Brasileiras S.A.ADR(a)
(Electric Utilities) | | | 4,711 | | | | 33,024 | | |
Chunghwa Telecom Co., Ltd.ADR (Diversified
Telecommunication Services) | | | 1,732 | | | | 64,344 | | |
Cia de Saneamento Basico do Estado de
Sao Paulo SABESPADR (Water Utilities) | | | 2,087 | | | | 32,620 | | |
Coca-Cola Femsa S.A.B. de C.V.ADR (Beverages) | | | 240 | | | | 21,703 | | |
Dr. Reddy's Laboratories, Ltd.ADR
(Pharmaceuticals) | | | 555 | | | | 45,110 | | |
Fomento Economico Mexicano S.A.B. de
C.V.ADR (Beverages) | | | 831 | | | | 91,618 | | |
Full Truck Alliance Co., Ltd.ADR (Ground
Transportation) | | | 2,996 | | | | 22,770 | | |
Gerdau S.A.ADR (Metals & Mining) | | | 6,325 | | | | 20,493 | | |
Gold Fields, Ltd.ADR (Metals & Mining) | | | 4,067 | | | | 69,790 | | |
Grupo Aeroportuario del Pacifico S.A.B. de
C.V.ADR (Transportation Infrastructure) | | | 176 | | | | 28,158 | | |
Grupo Aeroportuario del Sureste S.A.B. de
C.V.ADR (Transportation Infrastructure) | | | 83 | | | | 24,941 | | |
H World Group, Ltd.ADR (Hotels, Restaurants &
Leisure) | | | 639 | | | | 19,170 | | |
HDFC Bank, Ltd.ADR (Banks) | | | 7,848 | | | | 470,958 | | |
ICICI Bank, Ltd.ADR (Banks) | | | 10,489 | | | | 305,335 | | |
Infosys, Ltd.ADR(a) (IT Services) | | | 15,534 | | | | 343,768 | | |
Itau Unibanco Holding S.A.ADR (Banks) | | | 22,084 | | | | 132,945 | | |
JD.com, Inc.ADR (Broadline Retail) | | | 5,740 | | | | 151,479 | | |
Kanzhun, Ltd.ADR (Interactive Media & Services) | | | 1,521 | | | | 20,655 | | |
KB Financial Group, Inc.ADR (Banks) | | | 1,712 | | | | 111,640 | | |
KE Holdings, Inc.ADR (Real Estate
Management & Development) | | | 3,047 | | | | 42,201 | | |
Li Auto, Inc.*ADR (Automobiles) | | | 2,656 | | | | 52,429 | | |
NetEase, Inc. (Entertainment) | | | 1,594 | | | | 146,823 | | |
New Oriental Education & Technology Group,
Inc.*ADR (Diversified Consumer Services) | | | 683 | | | | 42,906 | | |
NIO, Inc.*ADR(a) (Automobiles) | | | 7,863 | | | | 34,912 | | |
PDD Holdings, Inc.*ADR (Broadline Retail) | | | 3,023 | | | | 389,634 | | |
Petroleo Brasileiro S.A.ADR (Oil, Gas &
Consumable Fuels) | | | 8,485 | | | | 121,081 | | |
POSCO Holdings, Inc.ADR(a) (Metals & Mining) | | | 1,357 | | | | 88,802 | | |
PT Telekomunikasi Indonesia TbkADR
(Diversified Telecommunication Services) | | | 2,167 | | | | 38,659 | | |
Shinhan Financial Group Co., Ltd.ADR (Banks) | | | 2,204 | | | | 95,499 | | |
Sociedad Quimica y Minera de Chile S.A.ADR(a)
(Electrical Equipment) | | | 651 | | | | 24,777 | | |
Suzano S.A.ADR (Paper & Forest Products) | | | 3,328 | | | | 31,749 | | |
Taiwan Semiconductor Manufacturing Co.,
Ltd.ADR (Semiconductors & Semiconductor
Equipment) | | | 7,134 | | | | 1,182,818 | | |
TAL Education Group*ADR (Diversified
Consumer Services) | | | 2,104 | | | | 21,082 | | |
Common Stocks, continued
| | | Shares | | Value | |
Tencent Music Entertainment GroupADR
(Entertainment) | | | 2,861 | | | $ | 40,569 | | |
Trip.com Group, Ltd.*ADR (Hotels,
Restaurants & Leisure) | | | 2,551 | | | | 108,494 | | |
United Microelectronics Corp.ADR
(Semiconductors & Semiconductor
Equipment) | | | 10,620 | | | | 88,889 | | |
Vale S.A.ADR (Metals & Mining) | | | 16,549 | | | | 179,558 | | |
Wipro, Ltd.ADR(a) (IT Services) | | | 6,432 | | | | 39,621 | | |
Woori Financial Group, Inc.ADR (Banks) | | | 1,005 | | | | 35,416 | | |
ZTO Express Cayman, Inc.ADR (Air Freight &
Logistics) | | | 1,936 | | | | 36,687 | | |
TOTAL COMMON STOCKS
(Cost $3,355,885) | | | | | 5,956,366 | | |
Preferred Stock (1.8%)
Petroleo Brasileiro S.A.ADR (Oil, Gas &
Consumable Fuels) | | | 10,468 | | | | 137,759 | | |
TOTAL PREFERRED STOCK
(Cost $52,933) | | | | | 137,759 | | |
Repurchase Agreements(b)(c) (11.7%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $879,127 | | $ | 879,000 | | | $ | 879,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $879,000) | | | | | 879,000 | | |
Collateral for Securities Loaned(d) (6.6%)
| | | Shares | | Value | |
Invesco Government & Agency Portfolio—
Institutional Shares, 5.22%(e) | | | 497,573 | | | $ | 497,573 | | |
TOTAL COLLATERAL FOR SECURITIES LOANED
(Cost $497,573) | | | | | 497,573 | | |
TOTAL INVESTMENT SECURITIES
(Cost $4,785,391)—99.6% | | | | | 7,470,698 | | |
Net other assets (liabilities)—0.4% | | | | | 30,780 | | |
NET ASSETS—100.0% | | | | $ | 7,501,478 | | |
* Non-income producing security.
(a) All or part of this security was on loan as of July 31, 2024. The total value of securities on loan as of July 31, 2024 was $476,873.
(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, 2024, the aggregate amount held in a segregated account was $198,000.
(d) Securities were purchased with cash collateral held from securities on loan at July 31, 2024.
(e) Rate periodically changes. Rate disclosed is the daily yield on July 31, 2024.
ADR American Depositary Receipt
See accompanying notes to the financial statements.
136 :: UltraEmerging Markets ProFund :: Schedule of Portfolio Investments :: July 31, 2024
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 | | 8/27/24 | | | 6.08 | % | | $ | 4,431,454 | | | $ | 29,420 | | |
S&P Emerging 50 ADR Index (USD) | | UBS AG | | 8/27/24 | | | 5.83 | % | | | 4,470,788 | | | | 13,184 | | |
| | | | | | | | | $ | 8,902,242 | | | $ | 42,604 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
UltraEmerging Markets ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Air Freight & Logistics | | $ | 36,687 | | | | 0.5 | % | |
Automobiles | | | 87,341 | | | | 1.2 | % | |
Banks | | | 1,229,217 | | | | 16.4 | % | |
Beverages | | | 154,743 | | | | 2.1 | % | |
Biotechnology | | | 45,810 | | | | 0.6 | % | |
Broadline Retail | | | 1,164,344 | | | | 15.5 | % | |
Construction Materials | | | 44,189 | | | | 0.6 | % | |
Diversified Consumer Services | | | 63,988 | | | | 0.9 | % | |
Diversified Telecommunication Services | | | 103,003 | | | | 1.4 | % | |
Electric Utilities | | | 33,024 | | | | 0.4 | % | |
Electrical Equipment | | | 24,777 | | | | 0.3 | % | |
Entertainment | | | 187,392 | | | | 2.5 | % | |
Ground Transportation | | | 22,770 | | | | 0.3 | % | |
Hotels, Restaurants & Leisure | | | 127,664 | | | | 1.7 | % | |
Interactive Media & Services | | | 135,796 | | | | 1.8 | % | |
IT Services | | | 383,389 | | | | 5.1 | % | |
Metals & Mining | | | 358,641 | | | | 4.8 | % | |
Oil, Gas & Consumable Fuels | | | 258,840 | | | | 3.5 | % | |
Paper & Forest Products | | | 31,749 | | | | 0.4 | % | |
Pharmaceuticals | | | 45,110 | | | | 0.6 | % | |
Real Estate Management & Development | | | 42,201 | | | | 0.6 | % | |
Semiconductors & Semiconductor
Equipment | | | 1,349,933 | | | | 18.0 | % | |
Transportation Infrastructure | | | 53,099 | | | | 0.7 | % | |
Water Utilities | | | 32,620 | | | | 0.4 | % | |
Wireless Telecommunication Services | | | 77,798 | | | | 1.0 | % | |
Other** | | | 1,407,353 | | | | 18.7 | % | |
Total | | $ | 7,501,478 | | | | 100.0 | % | |
UltraEmerging Markets ProFund invested in securities with exposure to the following countries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Brazil | | $ | 784,392 | | | | 10.5 | % | |
Chile | | | 48,458 | | | | 0.6 | % | |
China | | | 1,478,549 | | | | 19.8 | % | |
India | | | 1,204,792 | | | | 16.1 | % | |
Indonesia | | | 38,659 | | | | 0.5 | % | |
Ireland | | | 389,634 | | | | 5.2 | % | |
Mexico | | | 288,407 | | | | 3.8 | % | |
South Africa | | | 69,790 | | | | 0.9 | % | |
South Korea | | | 331,357 | | | | 4.4 | % | |
Taiwan | | | 1,414,277 | | | | 18.9 | % | |
United States | | | 45,810 | | | | 0.6 | % | |
Other** | | | 1,407,353 | | | | 18.7 | % | |
Total | | $ | 7,501,478 | | | | 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, 2024 :: Schedule of Portfolio Investments :: UltraInternational ProFund :: 137
Repurchase Agreements(a)(b) (86.1%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $3,234,467 | | $ | 3,234,000 | | | $ | 3,234,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $3,234,000) | | | | | 3,234,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $3,234,000)—86.1% | | | | | 3,234,000 | | |
Net other assets (liabilities)—13.9% | | | | | 522,395 | | |
NET ASSETS—100.0% | | | | $ | 3,756,395 | | |
(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, 2024, the aggregate amount held in a segregated account was $222,000.
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 | | 8/27/24 | | | 5.98 | % | | $ | 4,762,770 | | | $ | 75,762 | | |
MSCI EAFE Index | | UBS AG | | 8/27/24 | | | 6.13 | % | | | 2,766,155 | | | | 31,792 | | |
| | | | | | | | | $ | 7,528,925 | | | $ | 107,554 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
138 :: UltraJapan ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Repurchase Agreements(a)(b) (79.9%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $19,439,806 | | $ | 19,437,000 | | | $ | 19,437,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $19,437,000) | | | | | 19,437,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $19,437,000)—79.9% | | | | | 19,437,000 | | |
Net other assets (liabilities)—20.1% | | | | | 4,896,194 | | |
NET ASSETS—100.0% | | | | $ | 24,333,194 | | |
(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, 2024, the aggregate amount held in a segregated account was $60,000.
Futures Contracts Purchased
| | | Number
of
Contracts | | Expiration
Date | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
Nikkei 225 Futures Contracts | | | 250 | | | 9/13/24 | | $ | 48,375,000 | | | $ | (38,534 | ) | |
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 | | 8/27/24 | | | 5.78 | % | | $ | 287,320 | | | $ | 3,341 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraLatin America ProFund :: 139
Common Stocks (75.8%)
| | | Shares | | Value | |
Ambev S.A.ADR (Beverages) | | | 99,342 | | | $ | 204,645 | | |
America Movil S.A.B. de C.V.ADR (Wireless
Telecommunication Services) | | | 16,315 | | | | 272,787 | | |
Banco Bradesco S.A.ADR (Banks) | | | 115,721 | | | | 256,901 | | |
Banco de ChileADR (Banks) | | | 4,890 | | | | 116,969 | | |
Banco Santander ChileADR (Banks) | | | 3,500 | | | | 70,280 | | |
Bancolombia S.A.ADR (Banks) | | | 2,545 | | | | 84,799 | | |
BRF S.A.*ADR (Food Products) | | | 19,699 | | | | 74,068 | | |
Cemex S.A.B. de C.V.ADR (Construction
Materials) | | | 34,083 | | | | 218,813 | | |
Centrais Eletricas Brasileiras S.A.ADR(a)
(Electric Utilities) | | | 23,276 | | | | 163,165 | | |
Cia de Minas Buenaventura S.A.AADR
(Metals & Mining) | | | 5,385 | | | | 83,468 | | |
Cia de Saneamento Basico do Estado de
Sao Paulo SABESPADR (Water Utilities) | | | 10,311 | | | | 161,161 | | |
Cia Energetica de Minas GeraisADR (Electric
Utilities) | | | 42,896 | | | | 81,502 | | |
Coca-Cola Femsa S.A.B. de C.V.ADR
(Beverages) | | | 1,183 | | | | 106,979 | | |
Corp. Inmobiliaria Vesta S.A.B. de C.V.ADR
(Real Estate Management & Development) | | | 1,907 | | | | 56,028 | | |
Cosan S.A.ADR (Oil, Gas & Consumable Fuels) | | | 6,540 | | | | 61,607 | | |
Ecopetrol S.A.ADR (Oil, Gas & Consumable
Fuels) | | | 5,555 | | | | 59,550 | | |
Embraer SA*ADR (Aerospace & Defense) | | | 3,918 | | | | 121,693 | | |
Fomento Economico Mexicano
S.A.B. de C.V.ADR (Beverages) | | | 3,424 | | | | 377,495 | | |
Gerdau S.A.ADR (Metals & Mining) | | | 31,248 | | | | 101,244 | | |
Grupo Aeroportuario del Centro Norte
S.A.B. de C.V.ADR (Transportation
Infrastructure) | | | 776 | | | | 53,505 | | |
Grupo Aeroportuario del Pacifico
S.A.B. de C.V.ADR (Transportation
Infrastructure) | | | 870 | | | | 139,191 | | |
Grupo Aeroportuario del Sureste
S.A.B. de C.V.ADR (Transportation
Infrastructure) | | | 412 | | | | 123,802 | | |
Grupo Financiero Galicia S.A.*ADR (Banks) | | | 2,418 | | | | 70,049 | | |
Itau Unibanco Holding S.A.ADR (Banks) | | | 90,949 | | | | 547,513 | | |
Petroleo Brasileiro S.A.ADR (Oil, Gas &
Consumable Fuels) | | | 34,921 | | | | 498,322 | | |
Sendas Distribuidora S.A.*ADR
(Consumer Staples Distribution & Retail) | | | 6,087 | | | | 52,896 | | |
Sociedad Quimica y Minera de Chile
S.A.ADR(a) (Electrical Equipment) | | | 3,216 | | | | 122,401 | | |
Suzano S.A.ADR (Paper & Forest Products) | | | 16,443 | | | | 156,866 | | |
Telefonica Brasil S.A.ADR (Diversified
Telecommunication Services) | | | 7,814 | | | | 67,122 | | |
TIM S.A.ADR (Wireless Telecommunication
Services) | | | 3,597 | | | | 55,250 | | |
Ultrapar Participacoes S.A.ADR
(Oil, Gas & Consumable Fuels) | | | 16,324 | | | | 64,317 | | |
Vale S.A.ADR (Metals & Mining) | | | 68,152 | | | | 739,449 | | |
Vista Energy SAB de CV*ADR (Oil, Gas &
Consumable Fuels) | | | 1,718 | | | | 77,413 | | |
YPF S.A.*ADR (Oil, Gas & Consumable Fuels) | | | 4,339 | | | | 86,520 | | |
TOTAL COMMON STOCKS
(Cost $2,997,219) | | | | | 5,527,770 | | |
Preferred Stock (7.8%)
| | | Shares | | Value | |
Petroleo Brasileiro S.A.ADR (Oil, Gas &
Consumable Fuels) | | | 43,108 | | | $ | 567,301 | | |
TOTAL PREFERRED STOCK
(Cost $97,896) | | | | | 567,301 | | |
Repurchase Agreements(b)(c) (12.6%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $917,132 | | $ | 917,000 | | | $ | 917,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $917,000) | | | | | 917,000 | | |
Collateral for Securities Loaned(d) (3.6%)
| | | Shares | | Value | |
Invesco Government & Agency Portfolio—
Institutional Shares, 5.22%(e) | | | 264,761 | | | $ | 264,761 | | |
TOTAL COLLATERAL FOR SECURITIES LOANED
(Cost $264,761) | | | | | 264,761 | | |
TOTAL INVESTMENT SECURITIES
(Cost $4,276,876)—99.8% | | | | | 7,276,832 | | |
Net other assets (liabilities)—0.2% | | | | | 11,445 | | |
NET ASSETS—100.0% | | | | $ | 7,288,277 | | |
* Non-income producing security.
(a) All or part of this security was on loan as of July 31, 2024. The total value of securities on loan as of July 31, 2024 was $263,672.
(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, 2024, the aggregate amount held in a segregated account was $246,000.
(d) Securities were purchased with cash collateral held from securities on loan at July 31, 2024.
(e) Rate periodically changes. Rate disclosed is the daily yield on July 31, 2024.
ADR American Depositary Receipt
See accompanying notes to the financial statements.
140 :: UltraLatin America ProFund :: Schedule of Portfolio Investments :: July 31, 2024
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 | | 8/27/24 | | | 6.08 | % | | $ | 4,326,098 | | | $ | 28,764 | | |
S&P Latin America 35 ADR Index (USD) | | UBS AG | | 8/27/24 | | | 5.83 | % | | | 4,094,365 | | | | 25,245 | | |
| | | | | | | | | $ | 8,420,463 | | | $ | 54,009 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
UltraLatin America ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Aerospace & Defense | | $ | 121,693 | | | | 1.7 | % | |
Banks | | | 1,146,511 | | | | 15.7 | % | |
Beverages | | | 689,119 | | | | 9.5 | % | |
Construction Materials | | | 218,813 | | | | 3.0 | % | |
Consumer Staples Distribution & Retail | | | 52,896 | | | | 0.7 | % | |
Diversified Telecommunication Services | | | 67,122 | | | | 0.9 | % | |
Electric Utilities | | | 244,667 | | | | 3.4 | % | |
Electrical Equipment | | | 122,401 | | | | 1.7 | % | |
Food Products | | | 74,068 | | | | 1.0 | % | |
Metals & Mining | | | 924,160 | | | | 12.7 | % | |
Oil, Gas & Consumable Fuels | | | 1,415,030 | | | | 19.3 | % | |
Paper & Forest Products | | | 156,866 | | | | 2.2 | % | |
Real Estate Management & Development | | | 56,028 | | | | 0.8 | % | |
Transportation Infrastructure | | | 316,499 | | | | 4.3 | % | |
Water Utilities | | | 161,161 | | | | 2.2 | % | |
Wireless Telecommunication Services | | | 328,037 | | | | 4.5 | % | |
Other** | | | 1,193,206 | | | | 16.4 | % | |
Total | | $ | 7,288,277 | | | | 100.0 | % | |
UltraLatin America ProFund invested in securities with exposure to the following countries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Argentina | | $ | 156,569 | | | | 2.1 | % | |
Brazil | | | 3,975,022 | | | | 54.5 | % | |
Chile | | | 309,650 | | | | 4.3 | % | |
Colombia | | | 144,349 | | | | 2.0 | % | |
Mexico | | | 1,426,013 | | | | 19.6 | % | |
Peru | | | 83,468 | | | | 1.1 | % | |
Other** | | | 1,193,206 | | | | 16.4 | % | |
Total | | $ | 7,288,277 | | | | 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, 2024 :: Schedule of Portfolio Investments :: UltraMid-Cap ProFund :: 141
Common Stocks (61.9%)
| | | Shares | | Value | |
AAON, Inc. (Building Products) | | | 713 | | | $ | 63,122 | | |
Abercrombie & Fitch Co.* (Specialty Retail) | | | 533 | | | | 78,607 | | |
Acadia Healthcare Co., Inc.* (Health Care
Providers & Services) | | | 970 | | | | 62,905 | | |
Acuity Brands, Inc. (Electrical Equipment) | | | 319 | | | | 80,181 | | |
Adient PLC* (Automobile Components) | | | 939 | | | | 24,189 | | |
Advanced Drainage Systems, Inc. (Building
Products) | | | 712 | | | | 126,052 | | |
AECOM (Construction & Engineering) | | | 1,423 | | | | 128,938 | | |
Affiliated Managers Group, Inc. (Capital
Markets) | | | 333 | | | | 61,811 | | |
AGCO Corp. (Machinery) | | | 648 | | | | 61,184 | | |
Agree Realty Corp. (Retail REITs) | | | 1,049 | | | | 72,350 | | |
Alcoa Corp. (Metals & Mining) | | | 1,877 | | | | 62,016 | | |
Allegro MicroSystems, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 1,003 | | | | 24,112 | | |
ALLETE, Inc. (Electric Utilities) | | | 603 | | | | 38,894 | | |
Ally Financial, Inc. (Consumer Finance) | | | 2,860 | | | | 128,729 | | |
Altair Engineering, Inc.*—Class A
(Software) | | | 595 | | | | 52,574 | | |
Amedisys, Inc.* (Health Care Providers &
Services) | | | 341 | | | | 33,435 | | |
American Financial Group, Inc. (Insurance) | | | 684 | | | | 89,577 | | |
American Homes 4 Rent—Class A
(Residential REITs) | | | 3,364 | | | | 121,407 | | |
Amkor Technology, Inc. (Semiconductors &
Semiconductor Equipment) | | | 1,080 | | | | 35,273 | | |
Annaly Capital Management, Inc.
(Mortgage REITs) | | | 5,232 | | | | 104,169 | | |
Antero Midstream Corp. (Oil, Gas &
Consumable Fuels) | | | 3,573 | | | | 51,308 | | |
Antero Resources Corp.* (Oil, Gas &
Consumable Fuels) | | | 3,054 | | | | 88,627 | | |
Appfolio, Inc.*—Class A (Software) | | | 219 | | | | 48,504 | | |
Applied Industrial Technologies, Inc.
(Trading Companies & Distributors) | | | 404 | | | | 88,149 | | |
AptarGroup, Inc. (Containers & Packaging) | | | 692 | | | | 101,710 | | |
Aramark (Hotels, Restaurants & Leisure) | | | 2,750 | | | | 94,243 | | |
Arcadium Lithium PLC* (Chemicals) | | | 10,790 | | | | 34,312 | | |
Arrow Electronics, Inc.* (Electronic
Equipment, Instruments & Components) | | | 557 | | | | 68,895 | | |
Arrowhead Pharmaceuticals, Inc.*
(Biotechnology) | | | 1,299 | | | | 37,099 | | |
ASGN, Inc.* (Professional Services) | | | 480 | | | | 45,442 | | |
Ashland, Inc. (Chemicals) | | | 524 | | | | 50,645 | | |
Aspen Technology, Inc.* (Software) | | | 291 | | | | 54,693 | | |
Associated Banc-Corp. (Banks) | | | 1,550 | | | | 35,619 | | |
Autoliv, Inc. (Automobile Components) | | | 757 | | | | 76,562 | | |
AutoNation, Inc.* (Specialty Retail) | | | 257 | | | | 49,015 | | |
Avantor, Inc.* (Life Sciences Tools & Services) | | | 7,068 | | | | 189,069 | | |
Avient Corp. (Chemicals) | | | 954 | | | | 43,159 | | |
Avis Budget Group, Inc. (Ground
Transportation) | | | 190 | | | | 19,192 | | |
Avnet, Inc. (Electronic Equipment,
Instruments & Components) | | | 945 | | | | 50,803 | | |
Axalta Coating Systems, Ltd.* (Chemicals) | | | 2,307 | | | | 82,245 | | |
Azenta, Inc.* (Life Sciences Tools & Services) | | | 564 | | | | 35,132 | | |
Bank OZK (Banks) | | | 1,103 | | | | 51,720 | | |
Belden, Inc. (Electronic Equipment,
Instruments & Components) | | | 425 | | | | 39,393 | | |
Common Stocks, continued
| | | Shares | | Value | |
BellRing Brands, Inc.* (Personal Care
Products) | | | 1,364 | | | $ | 69,946 | | |
Berry Global Group, Inc. (Containers &
Packaging) | | | 1,196 | | | | 78,601 | | |
BioMarin Pharmaceutical, Inc.* (Biotechnology) | | | 1,985 | | | | 167,395 | | |
BJ's Wholesale Club Holdings, Inc.*
(Household Products) | | | 1,390 | | | | 122,264 | | |
Black Hills Corp. (Multi-Utilities) | | | 720 | | | | 42,516 | | |
Blackbaud, Inc.* (Software) | | | 422 | | | | 33,498 | | |
Boyd Gaming Corp. (Hotels, Restaurants &
Leisure) | | | 705 | | | | 42,913 | | |
Brighthouse Financial, Inc.* (Insurance) | | | 649 | | | | 32,366 | | |
Brixmor Property Group, Inc. (Retail REITs) | | | 3,150 | | | | 80,231 | | |
Bruker Corp. (Life Sciences Tools & Services) | | | 1,018 | | | | 69,743 | | |
Brunswick Corp. (Leisure Products) | | | 707 | | | | 57,585 | | |
Burlington Stores, Inc.* (Specialty Retail) | | | 667 | | | | 173,633 | | |
BWX Technologies, Inc. (Aerospace & Defense) | | | 955 | | | | 95,013 | | |
Cabot Corp. (Chemicals) | | | 577 | | | | 57,867 | | |
CACI International, Inc.*—Class A
(Professional Services) | | | 233 | | | | 107,525 | | |
Cadence Bank (Banks) | | | 1,909 | | | | 62,749 | | |
Capri Holdings, Ltd.* (Textiles, Apparel &
Luxury Goods) | | | 1,219 | | | | 40,885 | | |
Carlisle Cos., Inc. (Building Products) | | | 497 | | | | 208,033 | | |
Carter's, Inc. (Textiles, Apparel & Luxury
Goods) | | | 382 | | | | 23,130 | | |
Casey's General Stores, Inc. (Consumer
Staples Distribution & Retail) | | | 387 | | | | 150,094 | | |
Celsius Holdings, Inc.* (Beverages) | | | 1,559 | | | | 73,008 | | |
ChampionX Corp. (Energy Equipment &
Services) | | | 1,990 | | | | 68,177 | | |
Chart Industries, Inc.* (Machinery) | | | 440 | | | | 70,875 | | |
Chemed Corp. (Health Care Providers &
Services) | | | 158 | | | | 90,085 | | |
Chesapeake Energy Corp. (Oil, Gas &
Consumable Fuels) | | | 1,164 | | | | 88,848 | | |
Choice Hotels International, Inc.(a) (Hotels,
Restaurants & Leisure) | | | 249 | | | | 31,735 | | |
Chord Energy Corp. (Oil, Gas &
Consumable Fuels) | | | 650 | | | | 111,579 | | |
Churchill Downs, Inc. (Hotels, Restaurants &
Leisure) | | | 700 | | | | 100,492 | | |
Ciena Corp.* (Communications Equipment) | | | 1,512 | | | | 79,743 | | |
Cirrus Logic, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 564 | | | | 73,591 | | |
Civitas Resources, Inc. (Oil, Gas &
Consumable Fuels) | | | 962 | | | | 67,109 | | |
Clean Harbors, Inc.* (Commercial Services &
Supplies) | | | 525 | | | | 125,333 | | |
Cleveland-Cliffs, Inc.* (Metals & Mining) | | | 4,971 | | | | 76,305 | | |
CNO Financial Group, Inc. (Insurance) | | | 1,132 | | | | 39,462 | | |
CNX Resources Corp.* (Oil, Gas &
Consumable Fuels) | | | 1,602 | | | | 42,405 | | |
Coca-Cola Consolidated, Inc. (Beverages) | | | 49 | | | | 56,149 | | |
Cognex Corp. (Electronic Equipment,
Instruments & Components) | | | 1,794 | | | | 89,018 | | |
Coherent Corp.* (Electronic Equipment,
Instruments & Components) | | | 1,387 | | | | 96,647 | | |
Columbia Banking System, Inc. (Banks) | | | 2,189 | | | | 57,264 | | |
Columbia Sportswear Co. (Textiles, Apparel &
Luxury Goods) | | | 352 | | | | 28,758 | | |
See accompanying notes to the financial statements.
142 :: UltraMid-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Comfort Systems USA, Inc. (Construction &
Engineering) | | | 373 | | | $ | 123,993 | | |
Commerce Bancshares, Inc. (Banks) | | | 1,232 | | | | 79,723 | | |
Commercial Metals Co. (Metals & Mining) | | | 1,210 | | | | 72,721 | | |
CommVault Systems, Inc.* (Software) | | | 453 | | | | 69,241 | | |
Concentrix Corp. (Professional Services) | | | 489 | | | | 34,475 | | |
COPT Defense Properties (Office REITs) | | | 1,176 | | | | 34,069 | | |
Core & Main, Inc.*—Class A (Trading
Companies & Distributors) | | | 1,788 | | | | 95,604 | | |
Coty, Inc.*—Class A (Personal Care Products) | | | 3,811 | | | | 37,919 | | |
Cousins Properties, Inc. (Office REITs) | | | 1,589 | | | | 43,713 | | |
Crane Co. (Machinery) | | | 514 | | | | 82,456 | | |
Crane NXT Co. (Electronic Equipment,
Instruments & Components) | | | 508 | | | | 31,943 | | |
Crocs, Inc.* (Textiles, Apparel & Luxury Goods) | | | 634 | | | | 85,191 | | |
Crown Holdings, Inc. (Containers & Packaging) | | | 1,247 | | | | 110,609 | | |
CubeSmart (Specialized REITs) | | | 2,352 | | | | 111,908 | | |
Cullen/Frost Bankers, Inc. (Banks) | | | 672 | | | | 78,664 | | |
Curtiss-Wright Corp. (Aerospace & Defense) | | | 400 | | | | 117,880 | | |
Cytokinetics, Inc.* (Biotechnology) | | | 1,198 | | | | 70,694 | | |
Darling Ingredients, Inc.* (Food Products) | | | 1,670 | | | | 66,349 | | |
DENTSPLY SIRONA, Inc. (Health Care
Equipment & Supplies) | | | 2,171 | | | | 58,921 | | |
Dick's Sporting Goods, Inc. (Specialty Retail) | | | 608 | | | | 131,541 | | |
Dolby Laboratories, Inc.—Class A (Software) | | | 625 | | | | 49,225 | | |
Donaldson Co., Inc. (Machinery) | | | 1,258 | | | | 94,124 | | |
Doximity, Inc.*—Class A (Health Care
Technology) | | | 1,277 | | | | 35,756 | | |
Dropbox, Inc.*—Class A (Software) | | | 2,526 | | | | 60,422 | | |
DT Midstream, Inc. (Oil, Gas & Consumable
Fuels) | | | 1,015 | | | | 76,490 | | |
Duolingo, Inc.* (Diversified Consumer
Services) | | | 387 | | | | 66,541 | | |
Dynatrace, Inc.* (Software) | | | 2,515 | | | | 110,459 | | |
Eagle Materials, Inc. (Construction Materials) | | | 360 | | | | 98,028 | | |
East West Bancorp, Inc. (Banks) | | | 1,455 | | | | 127,879 | | |
EastGroup Properties, Inc. (Industrial REITs) | | | 503 | | | | 94,056 | | |
elf Beauty, Inc.* (Personal Care Products) | | | 581 | | | | 100,269 | | |
EMCOR Group, Inc. (Construction &
Engineering) | | | 492 | | | | 184,716 | | |
Encompass Health Corp. (Health Care
Providers & Services) | | | 1,052 | | | | 97,773 | | |
EnerSys (Electrical Equipment) | | | 422 | | | | 46,390 | | |
Enovis Corp.* (Health Care Equipment &
Supplies) | | | 522 | | | | 24,868 | | |
Envista Holdings Corp.* (Health Care
Equipment & Supplies) | | | 1,797 | | | | 30,675 | | |
EPR Properties (Specialized REITs) | | | 791 | | | | 35,595 | | |
Equitable Holdings, Inc. (Financial Services) | | | 3,197 | | | | 139,422 | | |
Equity LifeStyle Properties, Inc. (Residential
REITs) | | | 1,950 | | | | 133,926 | | |
Erie Indemnity Co.—Class A (Insurance) | | | 261 | | | | 115,140 | | |
Esab Corp. (Machinery) | | | 594 | | | | 60,350 | | |
Essent Group, Ltd. (Financial Services) | | | 1,116 | | | | 70,129 | | |
Essential Utilities, Inc. (Water Utilities) | | | 2,631 | | | | 106,950 | | |
Euronet Worldwide, Inc.* (Financial Services) | | | 455 | | | | 46,405 | | |
Evercore, Inc. (Capital Markets) | | | 370 | | | | 92,644 | | |
Exelixis, Inc.* (Biotechnology) | | | 3,045 | | | | 71,405 | | |
ExlService Holdings, Inc.* (Professional
Services) | | | 1,698 | | | | 59,871 | | |
Exponent, Inc. (Professional Services) | | | 530 | | | | 56,222 | | |
Common Stocks, continued
| | | Shares | | Value | |
F.N.B. Corp. (Banks) | | | 3,761 | | | $ | 57,694 | | |
Federated Hermes, Inc. (Capital Markets) | | | 839 | | | | 28,803 | | |
Fidelity National Financial, Inc. (Insurance) | | | 2,713 | | | | 150,327 | | |
First American Financial Corp. (Insurance) | | | 1,084 | | | | 65,669 | | |
First Financial Bankshares, Inc. (Banks) | | | 1,344 | | | | 51,690 | | |
First Horizon Corp. (Banks) | | | 5,718 | | | | 95,662 | | |
First Industrial Realty Trust, Inc. (Industrial
REITs) | | | 1,384 | | | | 75,732 | | |
FirstCash Holdings, Inc. (Consumer Finance) | | | 390 | | | | 43,524 | | |
Five Below, Inc.* (Specialty Retail) | | | 577 | | | | 41,971 | | |
Floor & Decor Holdings, Inc.*—Class A
(Specialty Retail) | | | 1,119 | | | | 109,662 | | |
Flowers Foods, Inc. (Food Products) | | | 2,009 | | | | 45,243 | | |
Flowserve Corp. (Machinery) | | | 1,376 | | | | 69,557 | | |
Fluor Corp.* (Construction & Engineering) | | | 1,789 | | | | 86,051 | | |
Fortune Brands Innovations, Inc. (Building
Products) | | | 1,308 | | | | 105,699 | | |
Frontier Communications Parent, Inc.*
(Diversified Telecommunication Services) | | | 2,339 | | | | 68,533 | | |
FTI Consulting, Inc.* (Professional Services) | | | 366 | | | | 79,777 | | |
GameStop Corp.*—Class A (Specialty Retail) | | | 2,817 | | | | 63,861 | | |
Gaming and Leisure Properties, Inc.
(Specialized REITs) | | | 2,839 | | | | 142,518 | | |
GATX Corp. (Trading Companies & Distributors) | | | 373 | | | | 52,034 | | |
Genpact, Ltd. (Professional Services) | | | 1,731 | | | | 60,014 | | |
Gentex Corp. (Automobile Components) | | | 2,416 | | | | 75,041 | | |
Glacier Bancorp, Inc. (Banks) | | | 1,185 | | | | 52,981 | | |
Globus Medical, Inc.* (Health Care
Equipment & Supplies) | | | 1,178 | | | | 84,768 | | |
Graco, Inc. (Machinery) | | | 1,769 | | | | 150,452 | | |
Graham Holdings Co.—Class B (Diversified
Consumer Services) | | | 36 | | | | 27,895 | | |
Grand Canyon Education, Inc.* (Diversified
Consumer Services) | | | 306 | | | | 47,721 | | |
Graphic Packaging Holding Co. (Containers &
Packaging) | | | 3,212 | | | | 96,681 | | |
Greif, Inc.—Class A (Containers & Packaging) | | | 270 | | | | 18,004 | | |
GXO Logistics, Inc.* (Air Freight & Logistics) | | | 1,249 | | | | 69,919 | | |
H&R Block, Inc. (Diversified Consumer
Services) | | | 1,459 | | | | 84,534 | | |
Haemonetics Corp.* (Health Care
Equipment & Supplies) | | | 531 | | | | 47,817 | | |
Halozyme Therapeutics, Inc.* (Biotechnology) | | | 1,331 | | | | 73,551 | | |
Hancock Whitney Corp. (Banks) | | | 905 | | | | 49,531 | | |
Harley-Davidson, Inc. (Automobiles) | | | 1,280 | | | | 48,000 | | |
Healthcare Realty Trust, Inc. (Health Care
REITs) | | | 3,957 | | | | 69,999 | | |
HealthEquity, Inc.* (Health Care Providers &
Services) | | | 910 | | | | 71,417 | | |
Helen of Troy, Ltd.* (Household Durables) | | | 249 | | | | 14,718 | | |
Hexcel Corp. (Aerospace & Defense) | | | 869 | | | | 57,536 | | |
HF Sinclair Corp. (Oil, Gas & Consumable
Fuels) | | | 1,567 | | | | 80,653 | | |
Hilton Grand Vacations, Inc.* (Hotels,
Restaurants & Leisure) | | | 715 | | | | 30,895 | | |
Home BancShares, Inc. (Banks) | | | 1,948 | | | | 55,187 | | |
Houlihan Lokey, Inc. (Capital Markets) | | | 547 | | | | 82,187 | | |
Hyatt Hotels Corp.—Class A (Hotels,
Restaurants & Leisure) | | | 472 | | | | 69,540 | | |
IDACORP, Inc. (Electric Utilities) | | | 530 | | | | 51,808 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraMid-Cap ProFund :: 143
Common Stocks, continued
| | | Shares | | Value | |
Illumina, Inc.* (Life Sciences Tools & Services) | | | 1,665 | | | $ | 204,128 | | |
Independence Realty Trust, Inc. (Residential
REITs) | | | 2,349 | | | | 43,809 | | |
Ingredion, Inc. (Food Products) | | | 686 | | | | 85,318 | | |
Insperity, Inc. (Professional Services) | | | 374 | | | | 38,417 | | |
Interactive Brokers Group, Inc. (Capital
Markets) | | | 1,120 | | | | 133,582 | | |
International Bancshares Corp. (Banks) | | | 559 | | | | 37,699 | | |
IPG Photonics Corp.* (Electronic Equipment,
Instruments & Components) | | | 300 | | | | 24,120 | | |
Iridium Communications, Inc. (Diversified
Telecommunication Services) | | | 1,270 | | | | 36,449 | | |
ITT, Inc. (Machinery) | | | 860 | | | | 121,656 | | |
Janus Henderson Group PLC (Capital Markets) | | | 1,342 | | | | 49,963 | | |
Jazz Pharmaceuticals PLC* (Pharmaceuticals) | | | 659 | | | | 72,655 | | |
Jefferies Financial Group, Inc. (Capital Markets) | | | 1,774 | | | | 103,726 | | |
Jones Lang LaSalle, Inc.* (Real Estate
Management & Development) | | | 497 | | | | 124,697 | | |
KB Home (Household Durables) | | | 769 | | | | 66,196 | | |
KBR, Inc. (Professional Services) | | | 1,403 | | | | 93,426 | | |
Kemper Corp. (Insurance) | | | 632 | | | | 40,486 | | |
Kilroy Realty Corp. (Office REITs) | | | 1,117 | | | | 41,295 | | |
Kinsale Capital Group, Inc. (Insurance) | | | 231 | | | | 105,583 | | |
Kirby Corp.* (Marine Transportation) | | | 610 | | | | 74,957 | | |
Kite Realty Group Trust (Retail REITs) | | | 2,295 | | | | 56,595 | | |
Knife River Corp.* (Construction Materials) | | | 592 | | | | 47,076 | | |
Knight-Swift Transportation Holdings, Inc.
(Ground Transportation) | | | 1,690 | | | | 91,987 | | |
Kyndryl Holdings, Inc.* (IT Services) | | | 2,406 | | | | 64,649 | | |
Lamar Advertising Co.—Class A
(Specialized REITs) | | | 918 | | | | 110,031 | | |
Lancaster Colony Corp. (Food Products) | | | 213 | | | | 41,122 | | |
Landstar System, Inc. (Ground Transportation) | | | 374 | | | | 71,154 | | |
Lantheus Holdings, Inc.* (Health Care
Equipment & Supplies) | | | 724 | | | | 75,897 | | |
Lattice Semiconductor Corp.*
(Semiconductors & Semiconductor
Equipment) | | | 1,438 | | | | 76,214 | | |
Lear Corp. (Automobile Components) | | | 594 | | | | 72,492 | | |
Lennox International, Inc. (Building Products) | | | 335 | | | | 195,473 | | |
Light & Wonder, Inc.* (Hotels, Restaurants &
Leisure) | | | 943 | | | | 101,090 | | |
Lincoln Electric Holdings, Inc. (Machinery) | | | 595 | | | | 122,219 | | |
Lithia Motors, Inc. (Specialty Retail) | | | 287 | | | | 79,307 | | |
Littelfuse, Inc. (Electronic Equipment,
Instruments & Components) | | | 259 | | | | 69,181 | | |
LivaNova PLC* (Health Care Equipment &
Supplies) | | | 566 | | | | 27,960 | | |
Louisiana-Pacific Corp. (Paper & Forest
Products) | | | 666 | | | | 65,375 | | |
Lumentum Holdings, Inc.* (Communications
Equipment) | | | 707 | | | | 36,608 | | |
MACOM Technology Solutions Holdings, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 573 | | | | 57,827 | | |
Macy's, Inc. (Broadline Retail) | | | 2,877 | | | | 49,715 | | |
Manhattan Associates, Inc.* (Software) | | | 644 | | | | 164,465 | | |
ManpowerGroup, Inc. (Professional Services) | | | 499 | | | | 38,213 | | |
Marriott Vacations Worldwide Corp. (Hotels,
Restaurants & Leisure) | | | 341 | | | | 28,842 | | |
Common Stocks, continued
| | | Shares | | Value | |
Masimo Corp.* (Health Care Equipment &
Supplies) | | | 466 | | | $ | 49,853 | | |
MasTec, Inc.* (Construction & Engineering) | | | 635 | | | | 69,869 | | |
Matador Resources Co. (Oil, Gas &
Consumable Fuels) | | | 1,213 | | | | 74,575 | | |
Mattel, Inc.* (Leisure Products) | | | 3,597 | | | | 69,386 | | |
Maximus, Inc. (Professional Services) | | | 635 | | | | 58,985 | | |
MDU Resources Group, Inc. (Construction &
Engineering) | | | 2,132 | | | | 57,436 | | |
Medpace Holdings, Inc.* (Life Sciences
Tools & Services) | | | 246 | | | | 94,100 | | |
MGIC Investment Corp. (Financial Services) | | | 2,787 | | | | 69,229 | | |
MKS Instruments, Inc. (Semiconductors &
Semiconductor Equipment) | | | 660 | | | | 83,094 | | |
Morningstar, Inc. (Capital Markets) | | | 272 | | | | 86,401 | | |
MP Materials Corp.*(a) (Metals & Mining) | | | 1,401 | | | | 18,942 | | |
MSA Safety, Inc. (Commercial Services &
Supplies) | | | 387 | | | | 73,008 | | |
MSC Industrial Direct Co., Inc. (Trading
Companies & Distributors) | | | 477 | | | | 42,429 | | |
Murphy Oil Corp. (Oil, Gas & Consumable
Fuels) | | | 1,515 | | | | 62,691 | | |
Murphy USA, Inc. (Specialty Retail) | | | 197 | | | | 99,469 | | |
National Fuel Gas Co. (Gas Utilities) | | | 961 | | | | 56,304 | | |
National Storage Affiliates Trust
(Specialized REITs) | | | 729 | | | | 31,034 | | |
Neogen Corp.* (Health Care Equipment &
Supplies) | | | 2,061 | | | | 35,099 | | |
Neurocrine Biosciences, Inc.* (Biotechnology) | | | 1,052 | | | | 148,932 | | |
New Jersey Resources Corp. (Gas Utilities) | | | 1,033 | | | | 48,293 | | |
New York Community Bancorp, Inc.* (Banks) | | | 2,717 | | | | 28,583 | | |
NewMarket Corp. (Chemicals) | | | 72 | | | | 40,383 | | |
Nexstar Media Group, Inc. (Media) | | | 326 | | | | 60,242 | | |
NEXTracker, Inc.*—Class A (Electrical
Equipment) | | | 1,284 | | | | 63,096 | | |
NNN REIT, Inc. (Retail REITs) | | | 1,916 | | | | 86,008 | | |
Nordstrom, Inc. (Broadline Retail) | | | 1,025 | | | | 23,401 | | |
Northwestern Energy Group, Inc.
(Multi-Utilities) | | | 641 | | | | 34,467 | | |
NOV, Inc. (Energy Equipment & Services) | | | 4,135 | | | | 86,091 | | |
Novanta, Inc.* (Electronic Equipment,
Instruments & Components) | | | 376 | | | | 68,124 | | |
nVent Electric PLC (Electrical Equipment) | | | 1,735 | | | | 126,013 | | |
OGE Energy Corp. (Electric Utilities) | | | 2,097 | | | | 81,300 | | |
Old National Bancorp (Banks) | | | 3,301 | | | | 66,086 | | |
Old Republic International Corp. (Insurance) | | | 2,643 | | | | 91,501 | | |
Olin Corp. (Chemicals) | | | 1,248 | | | | 56,921 | | |
Ollie's Bargain Outlet Holdings, Inc.*
(Broadline Retail) | | | 641 | | | | 62,587 | | |
Omega Healthcare Investors, Inc. (Health Care
REITs) | | | 2,583 | | | | 94,021 | | |
ONE Gas, Inc. (Gas Utilities) | | | 591 | | | | 41,151 | | |
Onto Innovation, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 515 | | | | 98,520 | | |
Option Care Health, Inc.* (Health Care
Providers & Services) | | | 1,817 | | | | 53,947 | | |
Ormat Technologies, Inc. (Independent
Power and Renewable Electricity Producers) | | | 562 | | | | 43,634 | | |
Oshkosh Corp. (Machinery) | | | 684 | | | | 74,317 | | |
Ovintiv, Inc. (Oil, Gas & Consumable Fuels) | | | 2,603 | | | | 120,884 | | |
Owens Corning (Building Products) | | | 905 | | | | 168,674 | | |
See accompanying notes to the financial statements.
144 :: UltraMid-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Park Hotels & Resorts, Inc. (Hotel & Resort
REITs) | | | 2,201 | | | $ | 33,147 | | |
Paylocity Holding Corp.* (Professional
Services) | | | 454 | | | | 68,132 | | |
PBF Energy, Inc.—Class A (Oil, Gas &
Consumable Fuels) | | | 1,103 | | | | 44,947 | | |
Penske Automotive Group, Inc. (Specialty
Retail) | | | 203 | | | | 35,344 | | |
Penumbra, Inc.* (Health Care Equipment &
Supplies) | | | 406 | | | | 67,839 | | |
Performance Food Group Co.* (Consumer
Staples Distribution & Retail) | | | 1,627 | | | | 112,263 | | |
Permian Resources Corp. (Oil, Gas &
Consumable Fuels) | | | 5,369 | | | | 82,360 | | |
Perrigo Co. PLC (Pharmaceuticals) | | | 1,425 | | | | 40,285 | | |
Pilgrim's Pride Corp.* (Food Products) | | | 421 | | | | 17,358 | | |
Pinnacle Financial Partners, Inc. (Banks) | | | 800 | | | | 77,056 | | |
Planet Fitness, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 915 | | | | 67,436 | | |
Polaris, Inc. (Leisure Products) | | | 556 | | | | 46,304 | | |
Portland General Electric Co. (Electric Utilities) | | | 1,077 | | | | 51,028 | | |
Post Holdings, Inc.* (Food Products) | | | 526 | | | | 57,523 | | |
PotlatchDeltic Corp. (Specialized REITs) | | | 831 | | | | 36,863 | | |
Power Integrations, Inc. (Semiconductors &
Semiconductor Equipment) | | | 593 | | | | 43,313 | | |
Primerica, Inc. (Insurance) | | | 360 | | | | 90,637 | | |
Progyny, Inc.* (Health Care Providers &
Services) | | | 866 | | | | 24,421 | | |
Prosperity Bancshares, Inc. (Banks) | | | 1,003 | | | | 72,738 | | |
Pure Storage, Inc.*—Class A (Technology
Hardware, Storage & Peripherals) | | | 3,195 | | | | 191,476 | | |
PVH Corp. (Textiles, Apparel & Luxury Goods) | | | 592 | | | | 60,378 | | |
Qualys, Inc.* (Software) | | | 386 | | | | 57,568 | | |
R1 RCM, Inc.* (Health Care Providers &
Services) | | | 2,070 | | | | 26,662 | | |
Rambus, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 1,127 | | | | 57,973 | | |
Range Resources Corp. (Oil, Gas &
Consumable Fuels) | | | 2,536 | | | | 79,199 | | |
Rayonier, Inc. (Specialized REITs) | | | 1,432 | | | | 43,433 | | |
RB Global, Inc. (Commercial Services &
Supplies) | | | 1,921 | | | | 152,969 | | |
RBC Bearings, Inc.* (Machinery) | | | 303 | | | | 88,125 | | |
Regal Rexnord Corp. (Electrical Equipment) | | | 695 | | | | 111,673 | | |
Reinsurance Group of America, Inc.
(Insurance) | | | 688 | | | | 155,095 | | |
Reliance, Inc. (Metals & Mining) | | | 600 | | | | 182,735 | | |
RenaissanceRe Holdings, Ltd. (Insurance) | | | 553 | | | | 128,246 | | |
Repligen Corp.* (Life Sciences Tools &
Services) | | | 543 | | | | 90,871 | | |
Rexford Industrial Realty, Inc. (Industrial REITs) | | | 2,272 | | | | 113,851 | | |
RH* (Specialty Retail) | | | 161 | | | | 46,703 | | |
RLI Corp. (Insurance) | | | 420 | | | | 63,248 | | |
Roivant Sciences, Ltd.* (Biotechnology) | | | 3,539 | | | | 38,398 | | |
Royal Gold, Inc. (Metals & Mining) | | | 687 | | | | 94,888 | | |
RPM International, Inc. (Chemicals) | | | 1,346 | | | | 163,484 | | |
Ryan Specialty Holdings, Inc. (Insurance) | | | 1,071 | | | | 65,963 | | |
Ryder System, Inc. (Ground Transportation) | | | 458 | | | | 64,193 | | |
Sabra Health Care REIT, Inc. (Health Care
REITs) | | | 2,421 | | | | 39,293 | | |
Saia, Inc.* (Ground Transportation) | | | 278 | | | | 116,162 | | |
Common Stocks, continued
| | | Shares | | Value | |
Sarepta Therapeutics, Inc.* (Biotechnology) | | | 988 | | | $ | 140,533 | | |
Science Applications International Corp.
(Professional Services) | | | 536 | | | | 66,678 | | |
SEI Investments Co. (Capital Markets) | | | 1,044 | | | | 70,825 | | |
Selective Insurance Group, Inc. (Insurance) | | | 635 | | | | 57,353 | | |
Sensata Technologies Holding PLC (Electrical
Equipment) | | | 1,576 | | | | 61,448 | | |
Service Corp. International (Diversified
Consumer Services) | | | 1,522 | | | | 121,623 | | |
Silgan Holdings, Inc. (Containers & Packaging) | | | 849 | | | | 43,664 | | |
Silicon Laboratories, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 333 | | | | 40,003 | | |
Simpson Manufacturing Co., Inc. (Building
Products) | | | 441 | | | | 84,712 | | |
Skechers U.S.A., Inc.*—Class A (Textiles,
Apparel & Luxury Goods) | | | 1,384 | | | | 90,140 | | |
SLM Corp. (Consumer Finance) | | | 2,297 | | | | 52,119 | | |
Sonoco Products Co. (Containers & Packaging) | | | 1,028 | | | | 55,430 | | |
Sotera Health Co.* (Life Sciences Tools &
Services) | | | 1,302 | | | | 18,059 | | |
SouthState Corp. (Banks) | | | 797 | | | | 78,879 | | |
Southwest Gas Holdings, Inc. (Gas Utilities) | | | 629 | | | | 46,647 | | |
Southwestern Energy Co.* (Oil, Gas &
Consumable Fuels) | | | 11,529 | | | | 74,362 | | |
Spire, Inc. (Gas Utilities) | | | 603 | | | | 40,154 | | |
Sprouts Farmers Market, Inc.* (Consumer
Staples Distribution & Retail) | | | 1,050 | | | | 104,885 | | |
STAG Industrial, Inc. (Industrial REITs) | | | 1,903 | | | | 77,661 | | |
Starwood Property Trust, Inc. (Mortgage
REITs) | | | 3,138 | | | | 62,603 | | |
Stericycle, Inc.* (Commercial Services &
Supplies) | | | 970 | | | | 56,794 | | |
Stifel Financial Corp. (Capital Markets) | | | 1,071 | | | | 94,966 | | |
Synaptics, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 413 | | | | 36,063 | | |
Synovus Financial Corp. (Banks) | | | 1,531 | | | | 71,574 | | |
Taylor Morrison Home Corp.* (Household
Durables) | | | 1,105 | | | | 74,123 | | |
TD SYNNEX Corp. (Electronic Equipment,
Instruments & Components) | | | 812 | | | | 96,767 | | |
TEGNA, Inc. (Media) | | | 1,773 | | | | 28,244 | | |
Tempur Sealy International, Inc. (Household
Durables) | | | 1,815 | | | | 95,015 | | |
Tenet Healthcare Corp.* (Health Care
Providers & Services) | | | 1,021 | | | | 152,843 | | |
Teradata Corp.* (Software) | | | 1,011 | | | | 32,777 | | |
Terex Corp. (Machinery) | | | 704 | | | | 44,535 | | |
Tetra Tech, Inc. (Commercial Services &
Supplies) | | | 559 | | | | 119,201 | | |
Texas Capital Bancshares, Inc.* (Banks) | | | 487 | | | | 32,191 | | |
Texas Pacific Land Corp. (Oil, Gas &
Consumable Fuels) | | | 195 | | | | 164,757 | | |
Texas Roadhouse, Inc. (Hotels, Restaurants &
Leisure) | | | 699 | | | | 122,052 | | |
The Boston Beer Co., Inc.*—Class A
(Beverages) | | | 95 | | | | 26,620 | | |
The Brink's Co. (Commercial Services &
Supplies) | | | 465 | | | | 51,145 | | |
The Carlyle Group, Inc. (Capital Markets) | | | 2,257 | | | | 112,263 | | |
The Chemours Co. (Chemicals) | | | 1,556 | | | | 37,609 | | |
The Gap, Inc. (Specialty Retail) | | | 2,264 | | | | 53,159 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraMid-Cap ProFund :: 145
Common Stocks, continued
| | | Shares | | Value | |
The Goodyear Tire & Rubber Co.* (Automobile
Components) | | | 2,977 | | | $ | 34,831 | | |
The Hanover Insurance Group, Inc. (Insurance) | | | 376 | | | | 51,696 | | |
The Middleby Corp.* (Machinery) | | | 562 | | | | 76,196 | | |
The New York Times Co.—Class A (Media) | | | 1,710 | | | | 91,639 | | |
The Scotts Miracle-Gro Co. (Chemicals) | | | 440 | | | | 34,584 | | |
The Timken Co. (Machinery) | | | 677 | | | | 58,865 | | |
The Toro Co. (Machinery) | | | 1,092 | | | | 104,537 | | |
The Wendy's Co. (Hotels, Restaurants &
Leisure) | | | 1,738 | | | | 29,424 | | |
The Western Union Co. (Financial Services) | | | 3,538 | | | | 42,067 | | |
Thor Industries, Inc. (Automobiles) | | | 558 | | | | 59,226 | | |
TKO Group Holdings, Inc. (Entertainment) | | | 616 | | | | 67,359 | | |
Toll Brothers, Inc. (Household Durables) | | | 1,089 | | | | 155,411 | | |
TopBuild Corp.* (Household Durables) | | | 331 | | | | 158,397 | | |
Travel + Leisure Co. (Hotels, Restaurants &
Leisure) | | | 745 | | | | 34,337 | | |
Trex Co., Inc.* (Building Products) | | | 1,136 | | | | 95,004 | | |
TXNM Energy, Inc. (Electric Utilities) | | | 943 | | | | 39,210 | | |
UFP Industries, Inc. (Building Products) | | | 646 | | | | 85,227 | | |
UGI Corp. (Gas Utilities) | | | 2,192 | | | | 54,318 | | |
UMB Financial Corp. (Banks) | | | 458 | | | | 46,725 | | |
Under Armour, Inc.*—Class A (Textiles,
Apparel & Luxury Goods) | | | 1,974 | | | | 13,759 | | |
Under Armour, Inc.*—Class C (Textiles,
Apparel & Luxury Goods) | | | 1,996 | | | | 13,553 | | |
United Bankshares, Inc. (Banks) | | | 1,409 | | | | 54,852 | | |
United States Steel Corp. (Metals & Mining) | | | 2,339 | | | | 96,110 | | |
United Therapeutics Corp.* (Biotechnology) | | | 464 | | | | 145,367 | | |
Universal Display Corp. (Semiconductors &
Semiconductor Equipment) | | | 456 | | | | 101,515 | | |
Unum Group (Insurance) | | | 1,861 | | | | 107,063 | | |
US Foods Holding Corp.* (Consumer Staples
Distribution & Retail) | | | 2,365 | | | | 128,632 | | |
Vail Resorts, Inc. (Hotels, Restaurants &
Leisure) | | | 397 | | | | 72,258 | | |
Valaris, Ltd.* (Energy Equipment & Services) | | | 651 | | | | 51,162 | | |
Valley National Bancorp (Banks) | | | 4,472 | | | | 37,565 | | |
Valmont Industries, Inc. (Construction &
Engineering) | | | 211 | | | | 62,954 | | |
Valvoline, Inc.* (Specialty Retail) | | | 1,347 | | | | 62,636 | | |
Vishay Intertechnology, Inc. (Electronic
Equipment, Instruments & Components) | | | 1,308 | | | | 31,797 | | |
Visteon Corp.* (Automobile Components) | | | 289 | | | | 33,391 | | |
Vontier Corp. (Electronic Equipment,
Instruments & Components) | | | 1,614 | | | | 63,317 | | |
Vornado Realty Trust (Office REITs) | | | 1,672 | | | | 50,144 | | |
Voya Financial, Inc. (Financial Services) | | | 1,052 | | | | 76,512 | | |
Warner Music Group Corp.—Class A
(Entertainment) | | | 1,480 | | | | 44,415 | | |
Watsco, Inc. (Trading Companies &
Distributors) | | | 334 | | | | 163,490 | | |
Watts Water Technologies, Inc.—Class A
(Machinery) | | | 287 | | | | 59,558 | | |
Weatherford International PLC* (Energy
Equipment & Services) | | | 765 | | | | 90,163 | | |
Webster Financial Corp. (Banks) | | | 1,792 | | | | 88,919 | | |
WESCO International, Inc. (Trading
Companies & Distributors) | | | 457 | | | | 79,952 | | |
Westlake Corp. (Chemicals) | | | 336 | | | | 49,681 | | |
WEX, Inc.* (Financial Services) | | | 438 | | | | 80,351 | | |
Common Stocks, continued
| | | Shares | | Value | |
Whirlpool Corp. (Household Durables) | | | 571 | | | $ | 58,225 | | |
Williams-Sonoma, Inc. (Specialty Retail) | | | 1,343 | | | | 207,735 | | |
Wingstop, Inc. (Hotels, Restaurants &
Leisure) | | | 307 | | | | 114,781 | | |
Wintrust Financial Corp. (Banks) | | | 681 | | | | 73,684 | | |
Wolfspeed, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 1,315 | | | | 24,788 | | |
Woodward, Inc. (Aerospace & Defense) | | | 636 | | | | 99,210 | | |
WP Carey, Inc. (Diversified REITs) | | | 2,288 | | | | 132,269 | | |
Wyndham Hotels & Resorts, Inc. (Hotels,
Restaurants & Leisure) | | | 842 | | | | 63,756 | | |
XPO, Inc.* (Ground Transportation) | | | 1,216 | | | | 139,706 | | |
YETI Holdings, Inc.* (Leisure Products) | | | 891 | | | | 36,843 | | |
Ziff Davis, Inc.* (Interactive Media &
Services) | | | 482 | | | | 23,078 | | |
Zions Bancorp NA (Banks) | | | 1,544 | | | | 79,778 | | |
ZoomInfo Technologies, Inc.* (Interactive
Media & Services) | | | 2,972 | | | | 33,762 | | |
TOTAL COMMON STOCKS
(Cost $17,002,272) | | | | | 29,594,405 | | |
Repurchase Agreements(b)(c) (37.2%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $17,760,564 | | $ | 17,758,000 | | | $ | 17,758,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $17,758,000) | | | | | 17,758,000 | | |
Collateral for Securities Loaned(d) (0.1%)
| | | Shares | | Value | |
Invesco Government & Agency Portfolio—
Institutional Shares, 5.22%(e) | | | 47,809 | | | $ | 47,809 | | |
TOTAL COLLATERAL FOR SECURITIES LOANED
(Cost $47,809) | | | | | 47,809 | | |
TOTAL INVESTMENT SECURITIES
(Cost $34,808,081)—99.2% | | | | | 47,400,214 | | |
Net other assets (liabilities)—0.8% | | | | | 365,920 | | |
NET ASSETS—100.0% | | | | $ | 47,766,134 | | |
* Non-income producing security.
(a) All or part of this security was on loan as of July 31, 2024. The total value of securities on loan as of July 31, 2024 was $46,291.
(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, 2024, the aggregate amount held in a segregated account was $7,302,000.
(d) Securities were purchased with cash collateral held from securities on loan at July 31, 2024.
(e) Rate periodically changes. Rate disclosed is the daily yield on July 31, 2024.
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
146 :: UltraMid-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Futures Contracts Purchased
| | | Number
of
Contracts | | Expiration
Date | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
E-Mini S&P MidCap 400 Futures Contracts | | | 23 | | | 9/23/24 | | $ | 7,176,230 | | | $ | 285,728 | | |
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 | | 8/27/24 | | | 5.98 | % | | $ | 21,986,276 | | | $ | 192,775 | | |
SPDR S&P MidCap 400 ETF | | Goldman Sachs International | | 8/27/24 | | | 5.75 | % | | | 12,331,602 | | | | 117,652 | | |
| | | | | | | | | $ | 34,317,878 | | | $ | 310,427 | | |
S&P MidCap 400 | | UBS AG | | 8/27/24 | | | 5.68 | % | | $ | 16,819,515 | | | $ | 150,019 | | |
SPDR S&P MidCap 400 ETF | | UBS AG | | 8/27/24 | | | 5.63 | % | | | 7,554,337 | | | | 72,123 | | |
| | | | | | | | | $ | 24,373,852 | | | $ | 222,142 | | |
| | | | | | | | | $ | 58,691,730 | | | $ | 532,569 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraMid-Cap ProFund :: 147
UltraMid-Cap ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Aerospace & Defense | | $ | 369,639 | | | | 0.8 | % | |
Air Freight & Logistics | | | 69,919 | | | | 0.1 | % | |
Automobile Components | | | 316,506 | | | | 0.7 | % | |
Automobiles | | | 107,226 | | | | 0.2 | % | |
Banks | | | 1,702,693 | | | | 3.6 | % | |
Beverages | | | 155,777 | | | | 0.3 | % | |
Biotechnology | | | 893,374 | | | | 1.9 | % | |
Broadline Retail | | | 135,703 | | | | 0.3 | % | |
Building Products | | | 1,131,997 | | | | 2.4 | % | |
Capital Markets | | | 917,171 | | | | 1.9 | % | |
Chemicals | | | 650,890 | | | | 1.4 | % | |
Commercial Services & Supplies | | | 578,450 | | | | 1.2 | % | |
Communications Equipment | | | 116,351 | | | | 0.2 | % | |
Construction & Engineering | | | 713,957 | | | | 1.5 | % | |
Construction Materials | | | 145,104 | | | | 0.3 | % | |
Consumer Finance | | | 224,372 | | | | 0.5 | % | |
Consumer Staples Distribution & Retail | | | 495,874 | | | | 1.0 | % | |
Containers & Packaging | | | 504,699 | | | | 1.1 | % | |
Diversified Consumer Services | | | 348,314 | | | | 0.7 | % | |
Diversified REITs | | | 132,269 | | | | 0.3 | % | |
Diversified Telecommunication Services | | | 104,982 | | | | 0.2 | % | |
Electric Utilities | | | 262,240 | | | | 0.5 | % | |
Electrical Equipment | | | 488,801 | | | | 1.0 | % | |
Electronic Equipment, Instruments &
Components | | | 730,005 | | | | 1.5 | % | |
Energy Equipment & Services | | | 295,593 | | | | 0.6 | % | |
Entertainment | | | 111,774 | | | | 0.2 | % | |
Financial Services | | | 524,115 | | | | 1.1 | % | |
Food Products | | | 312,913 | | | | 0.7 | % | |
Gas Utilities | | | 286,867 | | | | 0.6 | % | |
Ground Transportation | | | 502,394 | | | | 1.0 | % | |
Health Care Equipment & Supplies | | | 503,697 | | | | 1.1 | % | |
Health Care Providers & Services | | | 613,488 | | | | 1.3 | % | |
Health Care REITs | | | 203,313 | | | | 0.4 | % | |
Health Care Technology | | | 35,756 | | | | 0.1 | % | |
Hotel & Resort REITs | | | 33,147 | | | | 0.1 | % | |
Hotels, Restaurants & Leisure | | | 1,003,794 | | | | 2.1 | % | |
Household Durables | | | 622,085 | | | | 1.3 | % | |
Household Products | | | 122,264 | | | | 0.3 | % | |
Independent Power and Renewable
Electricity Producers | | | 43,634 | | | | 0.1 | % | |
| | | Value | | % of
Net Assets | |
Industrial REITs | | $ | 361,300 | | | | 0.8 | % | |
Insurance | | | 1,449,412 | | | | 3.0 | % | |
Interactive Media & Services | | | 56,840 | | | | 0.1 | % | |
IT Services | | | 64,649 | | | | 0.1 | % | |
Leisure Products | | | 210,118 | | | | 0.4 | % | |
Life Sciences Tools & Services | | | 701,102 | | | | 1.5 | % | |
Machinery | | | 1,339,007 | | | | 2.8 | % | |
Marine Transportation | | | 74,957 | | | | 0.2 | % | |
Media | | | 180,124 | | | | 0.4 | % | |
Metals & Mining | | | 603,717 | | | | 1.3 | % | |
Mortgage REITs | | | 166,772 | | | | 0.3 | % | |
Multi-Utilities | | | 76,983 | | | | 0.2 | % | |
Office REITs | | | 169,221 | | | | 0.4 | % | |
Oil, Gas & Consumable Fuels | | | 1,310,794 | | | | 2.7 | % | |
Paper & Forest Products | | | 65,375 | | | | 0.1 | % | |
Personal Care Products | | | 208,134 | | | | 0.4 | % | |
Pharmaceuticals | | | 112,939 | | | | 0.2 | % | |
Professional Services | | | 807,177 | | | | 1.7 | % | |
Real Estate Management &
Development | | | 124,697 | | | | 0.3 | % | |
Residential REITs | | | 299,142 | | | | 0.6 | % | |
Retail REITs | | | 295,184 | | | | 0.6 | % | |
Semiconductors & Semiconductor
Equipment | | | 752,285 | | | | 1.6 | % | |
Software | | | 733,426 | | | | 1.5 | % | |
Specialized REITs | | | 511,382 | | | | 1.1 | % | |
Specialty Retail | | | 1,232,643 | | | | 2.6 | % | |
Technology Hardware, Storage &
Peripherals | | | 191,476 | | | | 0.4 | % | |
Textiles, Apparel & Luxury Goods | | | 355,794 | | | | 0.7 | % | |
Trading Companies & Distributors | | | 521,658 | | | | 1.1 | % | |
Water Utilities | | | 106,950 | | | | 0.2 | % | |
Other** | | | 18,171,729 | | | | 38.1 | % | |
Total | | $ | 47,766,134 | | | | 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.
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
148 :: UltraNasdaq-100 ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (75.2%)
| | | Shares | | Value | |
Adobe, Inc.* (Software) | | | 22,090 | | | $ | 12,185,949 | | |
Advanced Micro Devices, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 79,700 | | | | 11,515,056 | | |
Airbnb, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 21,771 | | | | 3,038,361 | | |
Alphabet, Inc.—Class A (Interactive
Media & Services) | | | 112,140 | | | | 19,236,496 | | |
Alphabet, Inc.—Class C (Interactive
Media & Services) | | | 107,233 | | | | 18,567,394 | | |
Amazon.com, Inc.* (Broadline Retail) | | | 198,671 | | | | 37,147,503 | | |
American Electric Power Co., Inc.
(Electric Utilities) | | | 25,993 | | | | 2,550,433 | | |
Amgen, Inc. (Biotechnology) | | | 26,452 | | | | 8,794,495 | | |
Analog Devices, Inc. (Semiconductors &
Semiconductor Equipment) | | | 24,468 | | | | 5,661,406 | | |
ANSYS, Inc.* (Software) | | | 4,305 | | | | 1,350,177 | | |
Apple, Inc. (Technology Hardware,
Storage & Peripherals) | | | 292,743 | | | | 65,012,366 | | |
Applied Materials, Inc. (Semiconductors &
Semiconductor Equipment) | | | 40,826 | | | | 8,663,277 | | |
ARM Holdings PLC*ADR (Semiconductors &
Semiconductor Equipment) | | | 5,829 | | | | 840,367 | | |
ASML Holding N.V.NYS (Semiconductors &
Semiconductor Equipment) | | | 4,488 | | | | 4,203,910 | | |
AstraZeneca PLCADR (Pharmaceuticals) | | | 28,713 | | | | 2,272,634 | | |
Atlassian Corp.*—Class A (Software) | | | 7,854 | | | | 1,386,781 | | |
Autodesk, Inc.* (Software) | | | 10,625 | | | | 2,629,900 | | |
Automatic Data Processing, Inc.
(Professional Services) | | | 20,181 | | | | 5,299,934 | | |
Baker Hughes Co. (Energy Equipment &
Services) | | | 49,212 | | | | 1,905,489 | | |
Biogen, Inc.* (Biotechnology) | | | 7,179 | | | | 1,530,563 | | |
Booking Holdings, Inc. (Hotels,
Restaurants & Leisure) | | | 1,673 | | | | 6,215,212 | | |
Broadcom, Inc. (Semiconductors &
Semiconductor Equipment) | | | 228,510 | | | | 36,716,987 | | |
Cadence Design Systems, Inc.* (Software) | | | 13,419 | | | | 3,591,730 | | |
CDW Corp. (Electronic Equipment,
Instruments & Components) | | | 6,627 | | | | 1,445,415 | | |
Charter Communications, Inc.*—Class A
(Media) | | | 7,101 | | | | 2,696,392 | | |
Cintas Corp. (Commercial Services &
Supplies) | | | 5,003 | | | | 3,821,992 | | |
Cisco Systems, Inc. (Communications
Equipment) | | | 198,659 | | | | 9,625,029 | | |
Coca-Cola Europacific Partners PLC
(Beverages) | | | 22,643 | | | | 1,670,374 | | |
Cognizant Technology Solutions
Corp.—Class A (IT Services) | | | 24,517 | | | | 1,855,446 | | |
Comcast Corp.—Class A (Media) | | | 193,007 | | | | 7,965,398 | | |
Constellation Energy Corp. (Electric
Utilities) | | | 15,544 | | | | 2,950,251 | | |
Copart, Inc.* (Commercial Services &
Supplies) | | | 47,452 | | | | 2,483,163 | | |
CoStar Group, Inc.* (Real Estate
Management & Development) | | | 20,143 | | | | 1,571,557 | | |
Costco Wholesale Corp. (Consumer
Staples Distribution & Retail) | | | 21,869 | | | | 17,976,319 | | |
Crowdstrike Holdings, Inc.*—Class A
(Software) | | | 11,375 | | | | 2,638,545 | | |
CSX Corp. (Ground Transportation) | | | 96,397 | | | | 3,383,534 | | |
Common Stocks, continued
| | | Shares | | Value | |
Datadog, Inc.*—Class A (Software) | | | 15,211 | | | $ | 1,771,169 | | |
Dexcom, Inc.* (Health Care Equipment &
Supplies) | | | 19,610 | | | | 1,329,950 | | |
Diamondback Energy, Inc. (Oil, Gas &
Consumable Fuels) | | | 8,794 | | | | 1,779,114 | | |
Dollar Tree, Inc.* (Consumer Staples
Distribution & Retail) | | | 10,757 | | | | 1,122,385 | | |
DoorDash, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 18,821 | | | | 2,083,861 | | |
Electronic Arts, Inc. (Entertainment) | | | 13,135 | | | | 1,982,597 | | |
Exelon Corp. (Electric Utilities) | | | 49,312 | | | | 1,834,406 | | |
Fastenal Co. (Trading Companies &
Distributors) | | | 28,233 | | | | 1,997,485 | | |
Fortinet, Inc.* (Software) | | | 37,671 | | | | 2,186,425 | | |
GE HealthCare Technologies, Inc. (Health
Care Equipment & Supplies) | | | 22,509 | | | | 1,904,937 | | |
Gilead Sciences, Inc. (Biotechnology) | | | 61,433 | | | | 4,672,594 | | |
GLOBALFOUNDRIES, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 27,198 | | | | 1,387,370 | | |
Honeywell International, Inc. (Industrial
Conglomerates) | | | 32,109 | | | | 6,574,318 | | |
IDEXX Laboratories, Inc.* (Health Care
Equipment & Supplies) | | | 4,073 | | | | 1,939,237 | | |
Illumina, Inc.* (Life Sciences Tools &
Services) | | | 7,856 | | | | 963,146 | | |
Intel Corp. (Semiconductors &
Semiconductor Equipment) | | | 209,912 | | | | 6,452,695 | | |
Intuit, Inc. (Software) | | | 13,784 | | | | 8,923,072 | | |
Intuitive Surgical, Inc.* (Health Care
Equipment & Supplies) | | | 17,490 | | | | 7,776,229 | | |
Keurig Dr Pepper, Inc. (Beverages) | | | 66,843 | | | | 2,291,378 | | |
KLA Corp. (Semiconductors &
Semiconductor Equipment) | | | 6,639 | | | | 5,464,362 | | |
Lam Research Corp. (Semiconductors &
Semiconductor Equipment) | | | 6,447 | | | | 5,939,234 | | |
Linde PLC (Chemicals) | | | 23,703 | | | | 10,749,311 | | |
Lululemon Athletica, Inc.* (Textiles,
Apparel & Luxury Goods) | | | 5,956 | | | | 1,540,579 | | |
Marriott International, Inc.—Class A
(Hotels, Restaurants & Leisure) | | | 14,084 | | | | 3,201,293 | | |
Marvell Technology, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 42,683 | | | | 2,858,907 | | |
MercadoLibre, Inc.* (Broadline Retail) | | | 2,499 | | | | 4,170,581 | | |
Meta Platforms, Inc.—Class A (Interactive
Media & Services) | | | 66,558 | | | | 31,603,735 | | |
Microchip Technology, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 26,474 | | | | 2,350,362 | | |
Micron Technology, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 54,603 | | | | 5,996,501 | | |
Microsoft Corp. (Software) | | | 141,890 | | | | 59,359,681 | | |
Moderna, Inc.* (Biotechnology) | | | 18,898 | | | | 2,253,020 | | |
Mondelez International, Inc.—Class A
(Food Products) | | | 66,142 | | | | 4,520,806 | | |
MongoDB, Inc.* (IT Services) | | | 3,616 | | | | 912,534 | | |
Monster Beverage Corp.* (Beverages) | | | 51,368 | | | | 2,642,884 | | |
Netflix, Inc.* (Entertainment) | | | 21,247 | | | | 13,350,552 | | |
NVIDIA Corp. (Semiconductors &
Semiconductor Equipment) | | | 469,605 | | | | 54,953,176 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraNasdaq-100 ProFund :: 149
Common Stocks, continued
| | | Shares | | Value | |
NXP Semiconductors N.V.
(Semiconductors & Semiconductor
Equipment) | | | 12,608 | | | $ | 3,317,921 | | |
Old Dominion Freight Line, Inc. (Ground
Transportation) | | | 10,714 | | | | 2,251,869 | | |
ON Semiconductor Corp.*
(Semiconductors & Semiconductor
Equipment) | | | 21,216 | | | | 1,660,152 | | |
O'Reilly Automotive, Inc.* (Specialty
Retail) | | | 2,905 | | | | 3,272,018 | | |
PACCAR, Inc. (Machinery) | | | 25,845 | | | | 2,549,868 | | |
Palo Alto Networks, Inc.* (Software) | | | 15,965 | | | | 5,184,314 | | |
Paychex, Inc. (Professional Services) | | | 17,750 | | | | 2,272,355 | | |
PayPal Holdings, Inc.* (Financial Services) | | | 51,581 | | | | 3,392,998 | | |
PDD Holdings, Inc.*ADR (Broadline Retail) | | | 32,936 | | | | 4,245,121 | | |
PepsiCo, Inc. (Beverages) | | | 67,790 | | | | 11,705,299 | | |
QUALCOMM, Inc. (Semiconductors &
Semiconductor Equipment) | | | 55,029 | | | | 9,957,498 | | |
Regeneron Pharmaceuticals, Inc.*
(Biotechnology) | | | 5,343 | | | | 5,766,112 | | |
Roper Technologies, Inc. (Software) | | | 5,279 | | | | 2,875,735 | | |
Ross Stores, Inc. (Specialty Retail) | | | 16,534 | | | | 2,368,165 | | |
Starbucks Corp. (Hotels, Restaurants &
Leisure) | | | 55,861 | | | | 4,354,365 | | |
Super Micro Computer, Inc.* (Technology
Hardware, Storage & Peripherals) | | | 2,896 | | | | 2,031,978 | | |
Synopsys, Inc.* (Software) | | | 7,555 | | | | 4,218,108 | | |
Take-Two Interactive Software, Inc.*
(Entertainment) | | | 8,451 | | | | 1,272,129 | | |
Tesla, Inc.* (Automobiles) | | | 92,158 | | | | 21,387,107 | | |
Texas Instruments, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 44,894 | | | | 9,149,846 | | |
The Kraft Heinz Co. (Food Products) | | | 59,878 | | | | 2,108,304 | | |
The Trade Desk, Inc.*—Class A (Media) | | | 21,953 | | | | 1,973,136 | | |
T-Mobile U.S., Inc. (Wireless
Telecommunication Services) | | | 57,784 | | | | 10,532,868 | | |
Verisk Analytics, Inc. (Professional
Services) | | | 7,035 | | | | 1,841,411 | | |
Vertex Pharmaceuticals, Inc.*
(Biotechnology) | | | 12,724 | | | | 6,307,541 | | |
Warner Bros. Discovery, Inc.*
(Entertainment) | | | 120,826 | | | | 1,045,145 | | |
Workday, Inc.*—Class A (Software) | | | 10,454 | | | | 2,374,312 | | |
Xcel Energy, Inc. (Electric Utilities) | | | 27,399 | | | | 1,596,814 | | |
Zscaler, Inc.* (Software) | | | 7,389 | | | | 1,325,217 | | |
TOTAL COMMON STOCKS
(Cost $261,097,173) | | | | | 723,577,427 | | |
Repurchase Agreements(a)(b) (24.0%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to
be received $230,722,308 | | $ | 230,689,000 | | | $ | 230,689,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $230,689,000) | | | | | 230,689,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $491,786,173)—99.2% | | | | | 954,266,427 | | |
Net other assets (liabilities)—0.8% | | | | | 7,426,003 | | |
NET ASSETS—100.0% | | | | $ | 961,692,430 | | |
* 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, 2024, the aggregate amount held in a segregated account was $153,088,000.
ADR American Depositary Receipt
NYS New York Shares
See accompanying notes to the financial statements.
150 :: UltraNasdaq-100 ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Futures Contracts Purchased
| | | Number
of
Contracts | | Expiration
Date | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
E-Mini Nasdaq-100 Futures Contracts | | | 111 | | | 9/23/24 | | $ | 43,301,655 | | | $ | (877,474 | ) | |
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 | | 8/27/24 | | | 5.88 | % | | $ | 147,437,577 | | | $ | 2,028,552 | | |
Nasdaq-100 Index | | Goldman Sachs International | | 8/27/24 | | | 6.08 | % | | | 623,331,613 | | | | 9,245,206 | | |
| | | | | | | | | $ | 770,769,190 | | | $ | 11,273,758 | | |
Invesco QQQ Trust, Series 1 ETF | | UBS AG | | 8/27/24 | | | 5.83 | % | | $ | 134,061,982 | | | $ | 1,997,789 | | |
Nasdaq-100 Index | | UBS AG | | 8/27/24 | | | 6.13 | % | | | 251,812,275 | | | | 3,875,695 | | |
| | | | | | | | | $ | 385,874,257 | | | $ | 5,873,484 | | |
| | | | | | | | | $ | 1,156,643,447 | | | $ | 17,147,242 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
UltraNasdaq-100 ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Automobiles | | $ | 21,387,107 | | | | 2.2 | % | |
Beverages | | | 18,309,935 | | | | 1.9 | % | |
Biotechnology | | | 29,324,326 | | | | 3.0 | % | |
Broadline Retail | | | 45,563,206 | | | | 4.7 | % | |
Chemicals | | | 10,749,310 | | | | 1.1 | % | |
Commercial Services & Supplies | | | 6,305,155 | | | | 0.7 | % | |
Communications Equipment | | | 9,625,029 | | | | 1.0 | % | |
Consumer Staples Distribution & Retail | | | 19,098,703 | | | | 2.0 | % | |
Electric Utilities | | | 8,931,904 | | | | 0.9 | % | |
Electronic Equipment, Instruments &
Components | | | 1,445,415 | | | | 0.1 | % | |
Energy Equipment & Services | | | 1,905,489 | | | | 0.2 | % | |
Entertainment | | | 17,650,423 | | | | 1.8 | % | |
Financial Services | | | 3,392,998 | | | | 0.4 | % | |
Food Products | | | 6,629,110 | | | | 0.7 | % | |
Ground Transportation | | | 5,635,403 | | | | 0.6 | % | |
Health Care Equipment & Supplies | | | 12,950,353 | | | | 1.3 | % | |
Hotels, Restaurants & Leisure | | | 18,893,092 | | | | 2.0 | % | |
Industrial Conglomerates | | | 6,574,318 | | | | 0.7 | % | |
Interactive Media & Services | | | 69,407,625 | | | | 7.2 | % | |
IT Services | | | 2,767,980 | | | | 0.3 | % | |
Life Sciences Tools & Services | | | 963,146 | | | | 0.1 | % | |
Machinery | | | 2,549,868 | | | | 0.3 | % | |
| | | Value | | % of
Net Assets | |
Media | | $ | 12,634,926 | | | | 1.3 | % | |
Oil, Gas & Consumable Fuels | | | 1,779,114 | | | | 0.2 | % | |
Pharmaceuticals | | | 2,272,634 | | | | 0.2 | % | |
Professional Services | | | 9,413,700 | | | | 1.0 | % | |
Real Estate Management &
Development | | | 1,571,557 | | | | 0.2 | % | |
Semiconductors & Semiconductor
Equipment | | | 177,089,028 | | | | 18.4 | % | |
Software | | | 112,001,115 | | | | 11.6 | % | |
Specialty Retail | | | 5,640,183 | | | | 0.6 | % | |
Technology Hardware, Storage &
Peripherals | | | 67,044,344 | | | | 7.0 | % | |
Textiles, Apparel & Luxury Goods | | | 1,540,579 | | | | 0.2 | % | |
Trading Companies & Distributors | | | 1,997,485 | | | | 0.2 | % | |
Wireless Telecommunication Services | | | 10,532,867 | | | | 1.1 | % | |
Other** | | | 238,115,003 | | | | 24.8 | % | |
Total | | $ | 961,692,430 | | | | 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, 2024 :: Schedule of Portfolio Investments :: UltraShort China ProFund :: 151
Repurchase Agreements(a)(b) (100.3%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $990,143 | | $ | 990,000 | | | $ | 990,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $990,000) | | | | | 990,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $990,000)—100.3% | | | | | 990,000 | | |
Net other assets (liabilities)—(0.3)% | | | | | (2,803 | ) | |
NET ASSETS—100.0% | | | | $ | 987,197 | | |
(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, 2024, the aggregate amount held in a segregated account was $130,000.
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 | | 8/27/24 | | | (4.98 | )% | | $ | (732,390 | ) | | $ | 4,586 | | |
S&P China Select ADR Index (USD) | | UBS AG | | 8/27/24 | | | (4.08 | )% | | | (1,242,283 | ) | | | 3,715 | | |
| | | | | | | | | $ | (1,974,673 | ) | | $ | 8,301 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
152 :: UltraShort Dow 30 ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Repurchase Agreements(a)(b) (95.2%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $1,865,269 | | $ | 1,865,000 | | | $ | 1,865,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $1,865,000) | | | | | 1,865,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $1,865,000)—95.2% | | | | | 1,865,000 | | |
Net other assets (liabilities)—4.8% | | | | | 93,528 | | |
NET ASSETS—100.0% | | | | $ | 1,958,528 | | |
(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, 2024, the aggregate amount held in a segregated account was $599,000.
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 | | 8/27/24 | | | (5.83 | )% | | $ | (2,048,021 | ) | | $ | (13,389 | ) | |
Dow Jones Industrial Average | | UBS AG | | 8/27/24 | | | (5.18 | )% | | | (1,861,982 | ) | | | (12,002 | ) | |
| | | | | | | | | $ | (3,910,003 | ) | | $ | (25,391 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraShort Emerging Markets ProFund :: 153
Repurchase Agreements(a)(b) (99.8%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $361,052 | | $ | 361,000 | | | $ | 361,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $361,000) | | | | | 361,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $361,000)—99.8% | | | | | 361,000 | | |
Net other assets (liabilities)—0.2% | | | | | 860 | | |
NET ASSETS—100.0% | | | | $ | 361,860 | | |
(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, 2024, the aggregate amount held in a segregated account was $98,000.
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 | | 8/27/24 | | | (5.13 | )% | | $ | (393,061 | ) | | $ | (2,968 | ) | |
S&P Emerging 50 ADR Index (USD) | | UBS AG | | 8/27/24 | | | (4.83 | )% | | | (332,766 | ) | | | (4,538 | ) | |
| | | | | | | | | $ | (725,827 | ) | | $ | (7,506 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
154 :: UltraShort International ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Repurchase Agreements(a)(b) (81.9%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $1,721,248 | | $ | 1,721,000 | | | $ | 1,721,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $1,721,000) | | | | | 1,721,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $1,721,000)—81.9% | | | | | 1,721,000 | | |
Net other assets (liabilities)—18.1% | | | | | 379,395 | | |
NET ASSETS—100.0% | | | | $ | 2,100,395 | | |
(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, 2024, the aggregate amount held in a segregated account was $101,000.
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 | | 8/27/24 | | | (5.28 | )% | | $ | (1,437,849 | ) | | $ | (15,158 | ) | |
MSCI EAFE Index | | UBS AG | | 8/27/24 | | | (5.03 | )% | | | (2,769,725 | ) | | | (40,838 | ) | |
| | | | | | | | | $ | (4,207,574 | ) | | $ | (55,996 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraShort Japan ProFund :: 155
Repurchase Agreements(a)(b) (86.6%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $1,129,163 | | $ | 1,129,000 | | | $ | 1,129,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $1,129,000) | | | | | 1,129,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $1,129,000)—86.6% | | | | | 1,129,000 | | |
Net other assets (liabilities)—13.4% | | | | | 175,143 | | |
NET ASSETS—100.0% | | | | $ | 1,304,143 | | |
(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, 2024, the aggregate amount held in a segregated account was $85,000.
Futures Contracts Sold
| | | Number
of
Contracts | | Expiration
Date | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
Nikkei 225 Futures Contracts | | | 11 | | | 9/13/24 | | $ | (2,128,500 | ) | | $ | 101,190 | | |
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 | | 8/27/24 | | | (5.58 | )% | | $ | (482,548 | ) | | $ | (4,538 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
156 :: UltraShort Latin America ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Repurchase Agreements(a)(b) (82.5%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $1,234,178 | | $ | 1,234,000 | | | $ | 1,234,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $1,234,000) | | | | | 1,234,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $1,234,000)—82.5% | | | | | 1,234,000 | | |
Net other assets (liabilities)—17.5% | | | | | 261,692 | | |
NET ASSETS—100.0% | | | | $ | 1,495,692 | | |
(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, 2024, the aggregate amount held in a segregated account was $158,000.
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 | | 8/27/24 | | | (4.98 | )% | | $ | (1,056,501 | ) | | $ | (7,089 | ) | |
S&P Latin America 35 ADR Index (USD) | | UBS AG | | 8/27/24 | | | (4.83 | )% | | | (1,952,799 | ) | | | (9,410 | ) | |
| | | | | | | | | $ | (3,009,300 | ) | | $ | (16,499 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraShort Mid-Cap ProFund :: 157
Repurchase Agreements(a)(b) (110.7%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $613,088 | | $ | 613,000 | | | $ | 613,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $613,000) | | | | | 613,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $613,000)—110.7% | | | | | 613,000 | | |
Net other assets (liabilities)—(10.7)% | | | | | (59,461 | ) | |
NET ASSETS—100.0% | | | | $ | 553,539 | | |
(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, 2024, the aggregate amount held in a segregated account was $228,000.
Total Return Swap Agreements—Short
Underlying Instrument | | Counterparty | | Termination
Date(1) | | Rate Paid
(Received)(2) | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
S&P MidCap 400 | | Goldman Sachs International | | 8/27/24 | | | (5.58 | )% | | $ | (383,858 | ) | | $ | (4,727 | ) | |
S&P MidCap 400 | | UBS AG | | 8/27/24 | | | (5.33 | )% | | | (723,104 | ) | | | (6,463 | ) | |
| | | | | | | | | $ | (1,106,962 | ) | | $ | (11,190 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
158 :: UltraShort Nasdaq-100 ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Repurchase Agreements(a)(b) (99.9%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $9,859,423 | | $ | 9,858,000 | | | $ | 9,858,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $9,858,000) | | | | | 9,858,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $9,858,000)—99.9% | | | | | 9,858,000 | | |
Net other assets (liabilities)—0.1% | | | | | 6,607 | | |
NET ASSETS—100.0% | | | | $ | 9,864,607 | | |
(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, 2024, the aggregate amount held in a segregated account was $3,785,000.
Futures Contracts Sold
| | | Number
of
Contracts | | Expiration
Date | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
E-Mini Nasdaq-100 Futures Contracts | | | 6 | | | 9/23/24 | | $ | (2,340,630 | ) | | $ | 30,216 | | |
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 | | 8/27/24 | | | (5.83 | )% | | $ | (1,839,433 | ) | | $ | 32,947 | | |
Nasdaq-100 Index | | UBS AG | | 8/27/24 | | | (5.48 | )% | | | (15,431,857 | ) | | | (238,063 | ) | |
| | | | | | | | | $ | (17,271,290 | ) | | $ | (205,116 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraShort Small-Cap ProFund :: 159
Repurchase Agreements(a)(b) (95.7%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $2,799,404 | | $ | 2,799,000 | | | $ | 2,799,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $2,799,000) | | | | | 2,799,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $2,799,000)—95.7% | | | | | 2,799,000 | | |
Net other assets (liabilities)—4.3% | | | | | 125,416 | | |
NET ASSETS—100.0% | | | | $ | 2,924,416 | | |
(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, 2024, the aggregate amount held in a segregated account was $900,000.
Futures Contracts Sold
| | | Number
of
Contracts | | Expiration
Date | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
E-Mini Russell 2000 Index Futures Contracts | | | 5 | | | 9/23/24 | | $ | (568,250 | ) | | $ | 1,240 | | |
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 | | 8/27/24 | | | (5.48 | )% | | $ | (1,763,003 | ) | | $ | (9,817 | ) | |
Russell 2000 Index | | UBS AG | | 8/27/24 | | | (5.18 | )% | | | (3,476,408 | ) | | | (28,712 | ) | |
| | | | | | | | | $ | (5,239,411 | ) | | $ | (38,529 | ) | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
160 :: UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (58.0%)
| | | Shares | | Value | |
1-800-Flowers.com, Inc.*—Class A
(Specialty Retail) | | | 324 | | | $ | 3,357 | | |
1st Source Corp. (Banks) | | | 230 | | | | 14,617 | | |
1stdibs.com, Inc.* (Broadline Retail) | | | 319 | | | | 1,461 | | |
2seventy bio, Inc.* (Biotechnology) | | | 614 | | | | 2,898 | | |
374Water, Inc.* (Machinery) | | | 820 | | | | 992 | | |
3D Systems Corp.* (Machinery) | | | 1,599 | | | | 5,836 | | |
4D Molecular Therapeutics, Inc.*
(Biotechnology) | | | 626 | | | | 11,099 | | |
89bio, Inc.* (Biotechnology) | | | 1,017 | | | | 9,316 | | |
8x8, Inc.* (Software) | | | 1,468 | | | | 4,521 | | |
908 Devices, Inc.* (Electronic Equipment,
Instruments & Components) | | | 298 | | | | 1,696 | | |
a.k.a. Brands Holding Corp.* (Specialty Retail) | | | 8 | | | | 138 | | |
A10 Networks, Inc. (Software) | | | 890 | | | | 11,650 | | |
AAR Corp.* (Aerospace & Defense) | | | 433 | | | | 27,972 | | |
Abercrombie & Fitch Co.* (Specialty Retail) | | | 631 | | | | 93,059 | | |
ABM Industries, Inc. (Commercial Services &
Supplies) | | | 794 | | | | 44,116 | | |
Absci Corp.* (Biotechnology) | | | 1,003 | | | | 4,413 | | |
Acacia Research Corp.* (Financial Services) | | | 474 | | | | 2,536 | | |
Academy Sports & Outdoors, Inc.
(Specialty Retail) | | | 908 | | | | 49,096 | | |
ACADIA Pharmaceuticals, Inc.*
(Biotechnology) | | | 1,502 | | | | 28,568 | | |
Acadia Realty Trust (Retail REITs) | | | 1,268 | | | | 27,440 | | |
Accel Entertainment, Inc.* (Hotels,
Restaurants & Leisure) | | | 658 | | | | 8,028 | | |
ACCO Brands Corp. (Commercial Services &
Supplies) | | | 1,174 | | | | 5,999 | | |
Accolade, Inc.* (Health Care Providers &
Services) | | | 930 | | | | 3,813 | | |
Accuray, Inc.* (Health Care Equipment &
Supplies) | | | 1,204 | | | | 2,215 | | |
ACELYRIN, Inc.* (Biotechnology) | | | 916 | | | | 5,496 | | |
Achieve Life Sciences, Inc.*
(Biotechnology) | | | 432 | | | | 2,151 | | |
ACI Worldwide, Inc.* (Software) | | | 1,324 | | | | 57,237 | | |
ACM Research, Inc.*—Class A
(Semiconductors & Semiconductor
Equipment) | | | 640 | | | | 11,488 | | |
ACNB Corp. (Banks) | | | 104 | | | | 4,314 | | |
Acrivon Therapeutics, Inc.* (Biotechnology) | | | 148 | | | | 1,240 | | |
Actinium Pharmaceuticals, Inc.*
(Biotechnology) | | | 377 | | | | 2,609 | | |
Acumen Pharmaceuticals, Inc.*
(Biotechnology) | | | 527 | | | | 1,739 | | |
Acushnet Holdings Corp. (Leisure Products) | | | 364 | | | | 26,419 | | |
ACV Auctions, Inc.*—Class A (Commercial
Services & Supplies) | | | 1,858 | | | | 31,735 | | |
AdaptHealth Corp.* (Health Care Providers &
Services) | | | 1,278 | | | | 14,518 | | |
Adaptive Biotechnologies Corp.* (Life
Sciences Tools & Services) | | | 1,454 | | | | 6,616 | | |
ADC Therapeutics SA* (Biotechnology) | | | 879 | | | | 2,918 | | |
Addus HomeCare Corp.* (Health Care
Providers & Services) | | | 198 | | | | 24,029 | | |
Adeia, Inc. (Software) | | | 1,366 | | | | 16,051 | | |
Adient PLC* (Automobile Components) | | | 1,141 | | | | 29,392 | | |
ADMA Biologics, Inc.* (Biotechnology) | | | 2,827 | | | | 34,716 | | |
Common Stocks, continued
| | | Shares | | Value | |
Adtalem Global Education, Inc.* (Diversified
Consumer Services) | | | 490 | | | $ | 38,421 | | |
ADTRAN Holdings, Inc. (Communications
Equipment) | | | 989 | | | | 6,696 | | |
Advanced Energy Industries, Inc.
(Electronic Equipment, Instruments &
Components) | | | 470 | | | | 54,694 | | |
AdvanSix, Inc. (Chemicals) | | | 321 | | | | 8,978 | | |
Advantage Solutions, Inc.* (Media) | | | 1,344 | | | | 5,389 | | |
Adverum Biotechnologies, Inc.*
(Biotechnology) | | | 261 | | | | 1,937 | | |
Aehr Test Systems* (Semiconductors &
Semiconductor Equipment) | | | 347 | | | | 6,548 | | |
Aemetis, Inc.* (Oil, Gas & Consumable
Fuels) | | | 455 | | | | 1,461 | | |
Aerovate Therapeutics, Inc.*
(Biotechnology) | | | 169 | | | | 308 | | |
AeroVironment, Inc.* (Aerospace &
Defense) | | | 329 | | | | 58,739 | | |
AerSale Corp.* (Aerospace & Defense) | | | 421 | | | | 2,838 | | |
Aeva Technologies, Inc.* (Electronic
Equipment, Instruments & Components) | | | 286 | | | | 1,038 | | |
AFC Gamma, Inc. (Mortgage REITs) | | | 212 | | | | 1,902 | | |
AG Mortgage Investment Trust, Inc.
(Mortgage REITs) | | | 361 | | | | 2,787 | | |
Agenus, Inc.* (Biotechnology) | | | 255 | | | | 1,540 | | |
agilon health, Inc.* (Health Care Providers &
Services) | | | 3,873 | | | | 26,685 | | |
Agilysys, Inc.* (Software) | | | 278 | | | | 31,161 | | |
Agios Pharmaceuticals, Inc.*
(Biotechnology) | | | 710 | | | | 32,944 | | |
Air Transport Services Group, Inc.*
(Air Freight & Logistics) | | | 643 | | | | 10,378 | | |
AirSculpt Technologies, Inc.* (Health Care
Providers & Services) | | | 166 | | | | 825 | | |
Airship AI Holdings, Inc.* (Software) | | | 39 | | | | 155 | | |
Akebia Therapeutics, Inc.* (Biotechnology) | | | 2,611 | | | | 3,603 | | |
Akero Therapeutics, Inc.* (Biotechnology) | | | 851 | | | | 22,747 | | |
Akoya Biosciences, Inc.* (Life Sciences
Tools & Services) | | | 334 | | | | 825 | | |
Alamo Group, Inc. (Machinery) | | | 129 | | | | 24,861 | | |
Alarm.com Holdings, Inc.* (Software) | | | 606 | | | | 42,753 | | |
Albany International Corp. (Machinery) | | | 392 | | | | 36,683 | | |
Aldeyra Therapeutics, Inc.* (Biotechnology) | | | 625 | | | | 2,463 | | |
Alector, Inc.* (Biotechnology) | | | 1,013 | | | | 6,078 | | |
Alerus Financial Corp. (Financial Services) | | | 224 | | | | 5,029 | | |
Alexander & Baldwin, Inc. (Diversified
REITs) | | | 914 | | | | 18,015 | | |
Alexander's, Inc. (Retail REITs) | | | 27 | | | | 6,542 | | |
Alico, Inc. (Food Products) | | | 89 | | | | 2,621 | | |
Alight, Inc.*—Class A (Professional
Services) | | | 5,963 | | | | 45,140 | | |
Alignment Healthcare, Inc.* (Health Care
Providers & Services) | | | 1,257 | | | | 10,986 | | |
Alimera Sciences, Inc.* (Pharmaceuticals) | | | 269 | | | | 1,496 | | |
Alkami Technology, Inc.* (Software) | | | 553 | | | | 18,100 | | |
Alkermes PLC* (Biotechnology) | | | 2,114 | | | | 57,754 | | |
Allegiant Travel Co. (Passenger Airlines) | | | 195 | | | | 10,934 | | |
ALLETE, Inc. (Electric Utilities) | | | 729 | | | | 47,021 | | |
Allient, Inc. (Electrical Equipment) | | | 183 | | | | 5,296 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraSmall-Cap ProFund :: 161
Common Stocks, continued
| | | Shares | | Value | |
Allogene Therapeutics, Inc.*
(Biotechnology) | | | 1,320 | | | $ | 3,881 | | |
Alpha & Omega Semiconductor, Ltd.*
(Semiconductors & Semiconductor
Equipment) | | | 291 | | | | 12,047 | | |
Alpha Metallurgical Resources, Inc. (Metals &
Mining) | | | 138 | | | | 40,767 | | |
Alphatec Holdings, Inc.* (Health Care
Equipment & Supplies) | | | 1,289 | | | | 13,019 | | |
Alpine Income Property Trust, Inc.
(Diversified REITs) | | | 157 | | | | 2,727 | | |
Alta Equipment Group, Inc. (Trading
Companies & Distributors) | | | 337 | | | | 3,539 | | |
Altair Engineering, Inc.*—Class A
(Software) | | | 718 | | | | 63,442 | | |
AlTi Global, Inc.* (Capital Markets) | | | 423 | | | | 2,073 | | |
Altimmune, Inc.* (Biotechnology) | | | 892 | | | | 5,673 | | |
Alto Neuroscience, Inc.* (Pharmaceuticals) | | | 111 | | | | 1,197 | | |
Altus Power, Inc.* (Independent Power and
Renewable Electricity Producers) | | | 953 | | | | 4,003 | | |
ALX Oncology Holdings, Inc.*
(Biotechnology) | | | 415 | | | | 1,992 | | |
Amalgamated Financial Corp. (Banks) | | | 225 | | | | 7,157 | | |
A-Mark Precious Metals, Inc. (Financial
Services) | | | 220 | | | | 8,457 | | |
Ambac Financial Group, Inc.* (Insurance) | | | 545 | | | | 7,189 | | |
Ambarella, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 476 | | | | 25,057 | | |
AMC Entertainment Holdings, Inc.*
(Entertainment) | | | 3,492 | | | | 18,543 | | |
AMC Networks, Inc.*—Class A (Media) | | | 400 | | | | 4,452 | | |
Amerant Bancorp, Inc. (Banks) | | | 372 | | | | 8,366 | | |
Ameresco, Inc.*—Class A (Construction &
Engineering) | | | 404 | | | | 12,754 | | |
American Assets Trust, Inc. (Diversified
REITs) | | | 602 | | | | 15,965 | | |
American Axle & Manufacturing Holdings,
Inc.* (Automobile Components) | | | 1,443 | | | | 10,721 | | |
American Coastal Insurance Corp.*
(Insurance) | | | 303 | | | | 3,700 | | |
American Eagle Outfitters, Inc. (Specialty
Retail) | | | 2,289 | | | | 50,472 | | |
American Healthcare REIT, Inc. (Health Care
REITs) | | | 816 | | | | 13,007 | | |
American Public Education, Inc.*
(Diversified Consumer Services) | | | 197 | | | | 3,932 | | |
American Realty Investors, Inc.* (Real
Estate Management & Development) | | | 19 | | | | 401 | | |
American Software, Inc.—Class A
(Software) | | | 395 | | | | 4,321 | | |
American States Water Co. (Water Utilities) | | | 468 | | | | 38,624 | | |
American Superconductor Corp.* (Electrical
Equipment) | | | 429 | | | | 10,365 | | |
American Vanguard Corp. (Chemicals) | | | 317 | | | | 3,050 | | |
American Woodmark Corp.* (Building
Products) | | | 199 | | | | 20,328 | | |
America's Car-Mart, Inc.* (Specialty Retail) | | | 76 | | | | 5,263 | | |
Ameris Bancorp (Banks) | | | 826 | | | | 50,295 | | |
AMERISAFE, Inc. (Insurance) | | | 239 | | | | 11,348 | | |
Ames National Corp. (Banks) | | | 110 | | | | 2,401 | | |
Amicus Therapeutics, Inc.* (Biotechnology) | | | 3,684 | | | | 37,982 | | |
Common Stocks, continued
| | | Shares | | Value | |
AMMO, Inc.* (Leisure Products) | | | 1,126 | | | $ | 2,049 | | |
AMN Healthcare Services, Inc.* (Health
Care Providers & Services) | | | 476 | | | | 32,187 | | |
Amneal Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 1,998 | | | | 14,645 | | |
Amphastar Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 483 | | | | 21,020 | | |
Amplify Energy Corp.* (Oil, Gas &
Consumable Fuels) | | | 492 | | | | 3,695 | | |
Amplitude, Inc.*—Class A (Software) | | | 959 | | | | 8,209 | | |
Amprius Technologies, Inc.* (Electrical
Equipment) | | | 176 | | | | 211 | | |
AnaptysBio, Inc.* (Biotechnology) | | | 246 | | | | 8,571 | | |
Anavex Life Sciences Corp.*
(Biotechnology) | | | 914 | | | | 6,211 | | |
Angel Oak Mortgage REIT, Inc. (Mortgage
REITs) | | | 149 | | | | 1,877 | | |
AngioDynamics, Inc.* (Health Care
Equipment & Supplies) | | | 479 | | | | 3,755 | | |
ANI Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 232 | | | | 15,247 | | |
Anika Therapeutics, Inc.* (Biotechnology) | | | 184 | | | | 5,014 | | |
Annexon, Inc.* (Biotechnology) | | | 1,057 | | | | 6,775 | | |
Anterix, Inc.* (Diversified
Telecommunication Services) | | | 158 | | | | 6,361 | | |
Anywhere Real Estate, Inc.* (Real Estate
Management & Development) | | | 1,232 | | | | 5,815 | | |
Apartment Investment and Management
Co.* (Residential REITs) | | | 1,786 | | | | 15,824 | | |
Apogee Enterprises, Inc. (Building
Products) | | | 275 | | | | 18,876 | | |
Apogee Therapeutics, Inc.* (Biotechnology) | | | 454 | | | | 22,110 | | |
Apollo Commercial Real Estate Finance,
Inc. (Mortgage REITs) | | | 1,790 | | | | 19,511 | | |
Appian Corp.*—Class A (Software) | | | 506 | | | | 18,692 | | |
Apple Hospitality REIT, Inc. (Hotel & Resort
REITs) | | | 2,862 | | | | 42,329 | | |
Applied Digital Corp.* (IT Services) | | | 1,236 | | | | 6,007 | | |
Applied Industrial Technologies, Inc.
(Trading Companies & Distributors) | | | 483 | | | | 105,385 | | |
Applied Optoelectronics, Inc.*
(Communications Equipment) | | | 464 | | | | 4,431 | | |
Applied Therapeutics, Inc.* (Biotechnology) | | | 1,207 | | | | 7,170 | | |
Aquestive Therapeutics, Inc.*
(Pharmaceuticals) | | | 932 | | | | 3,579 | | |
Arbor Realty Trust, Inc. (Mortgage REITs) | | | 2,312 | | | | 31,212 | | |
Arbutus Biopharma Corp.* (Biotechnology) | | | 1,751 | | | | 6,601 | | |
Arcadium Lithium PLC* (Chemicals) | | | 13,604 | | | | 43,261 | | |
ArcBest Corp. (Ground Transportation) | | | 296 | | | | 37,311 | | |
Arcellx, Inc.* (Biotechnology) | | | 541 | | | | 33,439 | | |
Arch Resources, Inc. (Metals & Mining) | | | 221 | | | | 32,388 | | |
Archer Aviation, Inc.*—Class A (Aerospace &
Defense) | | | 2,931 | | | | 12,222 | | |
Archrock, Inc. (Energy Equipment &
Services) | | | 1,938 | | | | 40,175 | | |
Arcosa, Inc. (Construction & Engineering) | | | 609 | | | | 56,583 | | |
Arcturus Therapeutics Holdings, Inc.*
(Biotechnology) | | | 288 | | | | 6,756 | | |
Arcus Biosciences, Inc.* (Biotechnology) | | | 683 | | | | 11,208 | | |
Arcutis Biotherapeutics, Inc.*
(Biotechnology) | | | 1,334 | | | | 13,433 | | |
See accompanying notes to the financial statements.
162 :: UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Ardagh Metal Packaging SA (Containers &
Packaging) | | | 1,814 | | | $ | 6,676 | | |
Ardelyx, Inc.* (Biotechnology) | | | 2,917 | | | | 16,189 | | |
Ardmore Shipping Corp. (Oil, Gas &
Consumable Fuels) | | | 520 | | | | 11,274 | | |
Ares Commercial Real Estate Corp.
(Mortgage REITs) | | | 671 | | | | 5,187 | | |
Argan, Inc. (Construction & Engineering) | | | 156 | | | | 12,313 | | |
Arhaus, Inc. (Specialty Retail) | | | 643 | | | | 9,767 | | |
Aris Water Solutions, Inc.—Class A
(Commercial Services & Supplies) | | | 336 | | | | 5,951 | | |
Arko Corp. (Specialty Retail) | | | 1,011 | | | | 6,622 | | |
Arlo Technologies, Inc.* (Electronic
Equipment, Instruments & Components) | | | 1,195 | | | | 18,116 | | |
Armada Hoffler Properties, Inc. (Diversified
REITs) | | | 833 | | | | 9,896 | | |
ARMOUR Residential REIT, Inc. (Mortgage
REITs) | | | 616 | | | | 12,443 | | |
Arq, Inc.* (Chemicals) | | | 310 | | | | 2,027 | | |
Array Technologies, Inc.* (Electrical
Equipment) | | | 1,917 | | | | 20,167 | | |
ArriVent Biopharma, Inc.* (Biotechnology) | | | 123 | | | | 2,694 | | |
Arrow Financial Corp. (Banks) | | | 206 | | | | 6,493 | | |
Arrowhead Pharmaceuticals, Inc.*
(Biotechnology) | | | 1,499 | | | | 42,811 | | |
ARS Pharmaceuticals, Inc.* (Biotechnology) | | | 618 | | | | 6,718 | | |
Arteris, Inc.* (Software) | | | 346 | | | | 2,834 | | |
Artisan Partners Asset Management,
Inc.—Class A (Capital Markets) | | | 791 | | | | 34,931 | | |
Artivion, Inc.* (Health Care Equipment &
Supplies) | | | 498 | | | | 13,521 | | |
Arvinas, Inc.* (Pharmaceuticals) | | | 806 | | | | 22,173 | | |
Asana, Inc.*—Class A (Software) | | | 996 | | | | 14,492 | | |
Asbury Automotive Group, Inc.* (Specialty
Retail) | | | 254 | | | | 68,381 | | |
ASGN, Inc.* (Professional Services) | | | 567 | | | | 53,678 | | |
ASP Isotopes, Inc.* (Chemicals) | | | 498 | | | | 1,320 | | |
Aspen Aerogels, Inc.* (Chemicals) | | | 731 | | | | 14,920 | | |
AssetMark Financial Holdings, Inc.* (Capital
Markets) | | | 286 | | | | 9,867 | | |
Associated Banc-Corp. (Banks) | | | 1,880 | | | | 43,202 | | |
AST SpaceMobile, Inc.* (Diversified
Telecommunication Services) | | | 1,481 | | | | 30,627 | | |
Astec Industries, Inc. (Machinery) | | | 286 | | | | 10,036 | | |
Astrana Health, Inc.* (Health Care Providers &
Services) | | | 541 | | | | 28,381 | | |
Astria Therapeutics, Inc.* (Biotechnology) | | | 565 | | | | 6,599 | | |
Astronics Corp.* (Aerospace & Defense) | | | 360 | | | | 8,291 | | |
Asure Software, Inc.* (Professional
Services) | | | 297 | | | | 3,059 | | |
Atea Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 969 | | | | 3,702 | | |
Atkore, Inc. (Electrical Equipment) | | | 461 | | | | 62,236 | | |
Atlanta Braves Holdings, Inc.*
(Entertainment) | | | 128 | | | | 5,878 | | |
Atlanta Braves Holdings, Inc.*
(Entertainment) | | | 630 | | | | 27,360 | | |
Atlantic Union Bankshares Corp. (Banks) | | | 1,123 | | | | 46,369 | | |
Atlanticus Holdings Corp.* (Consumer
Finance) | | | 69 | | | | 2,468 | | |
Common Stocks, continued
| | | Shares | | Value | |
Atlas Energy Solutions, Inc. (Energy
Equipment & Services) | | | 853 | | | $ | 18,118 | | |
Atmus Filtration Technologies, Inc.
(Automobile Components) | | | 1,052 | | | | 32,444 | | |
ATN International, Inc. (Diversified
Telecommunication Services) | | | 133 | | | | 3,946 | | |
Atossa Therapeutics, Inc.* (Biotechnology) | | | 1,588 | | | | 2,144 | | |
AtriCure, Inc.* (Health Care Equipment &
Supplies) | | | 594 | | | | 12,813 | | |
Atrion Corp. (Health Care Equipment &
Supplies) | | | 17 | | | | 7,791 | | |
AudioEye, Inc.* (Software) | | | 88 | | | | 2,203 | | |
Aura Biosciences, Inc.* (Biotechnology) | | | 582 | | | | 5,942 | | |
Aurinia Pharmaceuticals, Inc.*
(Biotechnology) | | | 1,802 | | | | 10,596 | | |
Aurora Innovation, Inc.* (Software) | | | 10,556 | | | | 42,224 | | |
Avadel Pharmaceuticals PLC*
(Pharmaceuticals) | | | 1,160 | | | | 18,954 | | |
Avanos Medical, Inc.* (Health Care
Equipment & Supplies) | | | 570 | | | | 13,634 | | |
Aveanna Healthcare Holdings, Inc.* (Health
Care Providers & Services) | | | 656 | | | | 2,762 | | |
AvePoint, Inc.* (Software) | | | 1,593 | | | | 17,364 | | |
Aviat Networks, Inc.* (Communications
Equipment) | | | 143 | | | | 4,433 | | |
Avid Bioservices, Inc.* (Biotechnology) | | | 781 | | | | 8,154 | | |
Avidity Biosciences, Inc.* (Biotechnology) | | | 1,269 | | | | 57,841 | | |
AvidXchange Holdings, Inc.* (Financial
Services) | | | 2,182 | | | | 19,507 | | |
Avient Corp. (Chemicals) | | | 1,134 | | | | 51,302 | | |
Avista Corp. (Multi-Utilities) | | | 983 | | | | 38,514 | | |
Avita Medical, Inc.* (Biotechnology) | | | 321 | | | | 3,146 | | |
Axcelis Technologies, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 409 | | | | 51,677 | | |
Axogen, Inc.* (Health Care Equipment &
Supplies) | | | 532 | | | | 4,671 | | |
Axonics, Inc.* (Health Care Equipment &
Supplies) | | | 640 | | | | 43,827 | | |
Axos Financial, Inc.* (Banks) | | | 686 | | | | 50,085 | | |
Axsome Therapeutics, Inc.*
(Pharmaceuticals) | | | 457 | | | | 39,901 | | |
AZZ, Inc. (Building Products) | | | 369 | | | | 29,505 | | |
B Riley Financial, Inc. (Capital Markets) | | | 256 | | | | 4,915 | | |
B&G Foods, Inc. (Food Products) | | | 976 | | | | 8,413 | | |
Backblaze, Inc.*—Class A (IT Services) | | | 501 | | | | 3,317 | | |
Badger Meter, Inc. (Electronic Equipment,
Instruments & Components) | | | 369 | | | | 76,073 | | |
Balchem Corp. (Chemicals) | | | 406 | | | | 72,048 | | |
Bally's Corp.* (Hotels, Restaurants & Leisure) | | | 301 | | | | 5,186 | | |
Banc of California, Inc. (Banks) | | | 1,745 | | | | 24,395 | | |
BancFirst Corp. (Banks) | | | 250 | | | | 26,858 | | |
Banco Latinoamericano de Comercio
Exterior S.A.—Class E (Financial Services) | | | 344 | | | | 11,122 | | |
Bandwidth, Inc.*—Class A (Diversified
Telecommunication Services) | | | 310 | | | | 7,074 | | |
Bank First Corp. (Banks) | | | 123 | | | | 11,402 | | |
Bank of Hawaii Corp. (Banks) | | | 491 | | | | 33,678 | | |
Bank of Marin Bancorp (Banks) | | | 201 | | | | 4,082 | | |
Bank7 Corp. (Banks) | | | 50 | | | | 2,074 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraSmall-Cap ProFund :: 163
Common Stocks, continued
| | | Shares | | Value | |
BankUnited, Inc. (Banks) | | | 936 | | | $ | 36,055 | | |
Bankwell Financial Group, Inc. (Banks) | | | 81 | | | | 2,280 | | |
Banner Corp. (Banks) | | | 431 | | | | 25,524 | | |
Bar Harbor Bankshares (Banks) | | | 188 | | | | 6,008 | | |
BARK, Inc.* (Specialty Retail) | | | 1,664 | | | | 2,579 | | |
Barnes Group, Inc. (Machinery) | | | 583 | | | | 23,518 | | |
Barrett Business Services, Inc. (Professional
Services) | | | 322 | | | | 11,734 | | |
BayCom Corp. (Banks) | | | 133 | | | | 3,204 | | |
BCB Bancorp, Inc. (Banks) | | | 187 | | | | 2,371 | | |
Beacon Roofing Supply, Inc.* (Trading
Companies & Distributors) | | | 800 | | | | 82,240 | | |
Beam Therapeutics, Inc.* (Biotechnology) | | | 960 | | | | 30,374 | | |
Beazer Homes USA, Inc.* (Household
Durables) | | | 372 | | | | 12,525 | | |
Bel Fuse, Inc.—Class A (Electronic
Equipment, Instruments & Components) | | | 22 | | | | 2,063 | | |
Bel Fuse, Inc.—Class B (Electronic
Equipment, Instruments & Components) | | | 130 | | | | 9,655 | | |
Belden, Inc. (Electronic Equipment,
Instruments & Components) | | | 509 | | | | 47,179 | | |
Benchmark Electronics, Inc. (Electronic
Equipment, Instruments & Components) | | | 448 | | | | 21,446 | | |
Berkshire Hills Bancorp, Inc. (Banks) | | | 545 | | | | 15,042 | | |
Berry Corp. (Oil, Gas & Consumable Fuels) | | | 962 | | | | 6,599 | | |
Beyond Meat, Inc.* (Food Products) | | | 750 | | | | 4,710 | | |
Beyond, Inc.* (Specialty Retail) | | | 573 | | | | 6,475 | | |
BGC Group, Inc.—Class A (Capital Markets) | | | 4,639 | | | | 42,725 | | |
BigBear.ai Holdings, Inc.* (IT Services) | | | 1,275 | | | | 1,925 | | |
BigCommerce Holdings, Inc.*—Class 1
(IT Services) | | | 885 | | | | 7,169 | | |
Biglari Holdings, Inc.*—Class B (Hotels,
Restaurants & Leisure) | | | 9 | | | | 1,807 | | |
BioCryst Pharmaceuticals, Inc.*
(Biotechnology) | | | 2,594 | | | | 18,884 | | |
Biohaven, Ltd.* (Biotechnology) | | | 943 | | | | 37,088 | | |
BioLife Solutions, Inc.* (Life Sciences Tools &
Services) | | | 445 | | | | 10,688 | | |
Biomea Fusion, Inc.* (Biotechnology) | | | 347 | | | | 1,933 | | |
Biote Corp.*—Class A (Pharmaceuticals) | | | 339 | | | | 2,688 | | |
Bioventus, Inc.*—Class A (Health Care
Equipment & Supplies) | | | 471 | | | | 3,302 | | |
Bit Digital, Inc.* (Software) | | | 1,469 | | | | 5,597 | | |
BJ's Restaurants, Inc.* (Hotels, Restaurants &
Leisure) | | | 238 | | | | 7,516 | | |
Black Diamond Therapeutics, Inc.*
(Biotechnology) | | | 466 | | | | 2,838 | | |
Black Hills Corp. (Multi-Utilities) | | | 861 | | | | 50,842 | | |
Blackbaud, Inc.* (Software) | | | 518 | | | | 41,119 | | |
BlackLine, Inc.* (Software) | | | 725 | | | | 34,452 | | |
BlackSky Technology, Inc.* (Professional
Services) | | | 1,336 | | | | 1,496 | | |
Blackstone Mortgage Trust, Inc.—Class A
(Mortgage REITs) | | | 2,180 | | | | 38,913 | | |
Blade Air Mobility, Inc.* (Passenger Airlines) | | | 710 | | | | 2,343 | | |
Blend Labs, Inc.*—Class A (Software) | | | 2,899 | | | | 8,030 | | |
Blink Charging Co.* (Electrical Equipment) | | | 1,208 | | | | 3,974 | | |
Bloom Energy Corp.*—Class A (Electrical
Equipment) | | | 2,497 | | | | 33,809 | | |
Bloomin' Brands, Inc. (Hotels, Restaurants &
Leisure) | | | 991 | | | | 20,662 | | |
Common Stocks, continued
| | | Shares | | Value | |
Blue Bird Corp.* (Machinery) | | | 404 | | | $ | 21,056 | | |
Blue Foundry Bancorp* (Banks) | | | 260 | | | | 2,935 | | |
Bluebird Bio, Inc.* (Biotechnology) | | | 2,406 | | | | 2,791 | | |
BlueLinx Holdings, Inc.* (Trading
Companies & Distributors) | | | 106 | | | | 12,783 | | |
Blueprint Medicines Corp.* (Biotechnology) | | | 789 | | | | 85,450 | | |
Bluerock Homes Trust, Inc. (Residential REITs) | | | — | † | | | 2 | | |
Boise Cascade Co. (Trading Companies &
Distributors) | | | 497 | | | | 70,619 | | |
Boot Barn Holdings, Inc.* (Specialty Retail) | | | 372 | | | | 49,655 | | |
Borr Drilling, Ltd. (Energy Equipment &
Services) | | | 2,976 | | | | 20,386 | | |
Boston Omaha Corp.*—Class A (Media) | | | 309 | | | | 4,542 | | |
Boundless Bio, Inc.* (Biotechnology) | | | 79 | | | | 304 | | |
Bowman Consulting Group, Ltd.*
(Construction & Engineering) | | | 167 | | | | 5,965 | | |
Box, Inc.*—Class A (Software) | | | 1,768 | | | | 49,716 | | |
Braemar Hotels & Resorts, Inc. (Hotel &
Resort REITs) | | | 827 | | | | 2,936 | | |
Brandywine Realty Trust (Office REITs) | | | 2,128 | | | | 10,725 | | |
Braze, Inc.*—Class A (Software) | | | 657 | | | | 28,947 | | |
BRC, Inc.*—Class A (Food Products) | | | 654 | | | | 3,734 | | |
Bread Financial Holdings, Inc. (Consumer
Finance) | | | 624 | | | | 34,058 | | |
Bridgebio Pharma, Inc.* (Biotechnology) | | | 1,765 | | | | 45,802 | | |
Bridger Aerospace Group Holdings, Inc.*
(Commercial Services & Supplies) | | | 113 | | | | 380 | | |
Bridgewater Bancshares, Inc.* (Banks) | | | 253 | | | | 3,494 | | |
Brightsphere Investment Group, Inc.
(Capital Markets) | | | 347 | | | | 9,088 | | |
BrightSpire Capital, Inc. (Mortgage REITs) | | | 1,622 | | | | 9,294 | | |
BrightSpring Health Services, Inc.* (Health
Care Providers & Services) | | | 676 | | | | 8,376 | | |
BrightView Holdings, Inc.* (Commercial
Services & Supplies) | | | 555 | | | | 7,986 | | |
Brinker International, Inc.* (Hotels,
Restaurants & Leisure) | | | 553 | | | | 36,946 | | |
Bristow Group, Inc.* (Energy Equipment &
Services) | | | 308 | | | | 11,689 | | |
Broadstone Net Lease, Inc. (Diversified
REITs) | | | 2,368 | | | | 41,227 | | |
Brookdale Senior Living, Inc.* (Health Care
Providers & Services) | | | 2,403 | | | | 18,575 | | |
Brookfield Business Corp.—Class A
(Industrial Conglomerates) | | | 326 | | | | 7,351 | | |
Brookfield Infrastructure Corp.—Class A
(Gas Utilities) | | | 1,507 | | | | 58,623 | | |
Brookline Bancorp, Inc. (Banks) | | | 1,108 | | | | 11,623 | | |
BRT Apartments Corp. (Residential REITs) | | | 141 | | | | 2,642 | | |
Build-A-Bear Workshop, Inc. (Specialty
Retail) | | | 162 | | | | 4,393 | | |
Bumble, Inc.*—Class A (Interactive Media &
Services) | | | 1,206 | | | | 11,264 | | |
Burford Capital, Ltd. (Financial Services) | | | 2,515 | | | | 35,487 | | |
Burke & Herbert Financial Services Corp.
(Banks) | | | 163 | | | | 11,035 | | |
Business First Bancshares, Inc. (Banks) | | | 303 | | | | 7,702 | | |
Byline Bancorp, Inc. (Banks) | | | 391 | | | | 10,968 | | |
Byrna Technologies, Inc.* (Aerospace &
Defense) | | | 217 | | | | 2,035 | | |
See accompanying notes to the financial statements.
164 :: UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
C3.ai, Inc.*—Class A (Software) | | | 1,038 | | | $ | 27,767 | | |
C4 Therapeutics, Inc.* (Biotechnology) | | | 736 | | | | 4,931 | | |
Cabaletta Bio, Inc.* (Biotechnology) | | | 540 | | | | 3,834 | | |
Cable One, Inc. (Media) | | | 71 | | | | 29,350 | | |
Cabot Corp. (Chemicals) | | | 681 | | | | 68,297 | | |
Cactus, Inc.—Class A (Energy Equipment &
Services) | | | 822 | | | | 51,885 | | |
Cadence Bank (Banks) | | | 2,287 | | | | 75,173 | | |
Cadiz, Inc.* (Water Utilities) | | | 529 | | | | 1,968 | | |
Cadre Holdings, Inc. (Aerospace &
Defense) | | | 327 | | | | 12,001 | | |
Caesarstone, Ltd.* (Building Products) | | | 260 | | | | 1,648 | | |
Calavo Growers, Inc. (Food Products) | | | 210 | | | | 4,996 | | |
Caledonia Mining Corp. PLC (Metals &
Mining) | | | 206 | | | | 2,410 | | |
Caleres, Inc. (Specialty Retail) | | | 429 | | | | 16,542 | | |
California Resources Corp. (Oil, Gas &
Consumable Fuels) | | | 866 | | | | 44,547 | | |
California Water Service Group (Water
Utilities) | | | 727 | | | | 38,865 | | |
Calix, Inc.* (Communications Equipment) | | | 738 | | | | 30,354 | | |
Cal-Maine Foods, Inc. (Food Products) | | | 515 | | | | 36,860 | | |
Camden National Corp. (Banks) | | | 182 | | | | 7,586 | | |
Camping World Holdings, Inc.—Class A
(Specialty Retail) | | | 532 | | | | 12,172 | | |
Candel Therapeutics, Inc.* (Biotechnology) | | | 249 | | | | 1,477 | | |
Cannae Holdings, Inc. (Financial Services) | | | 707 | | | | 14,218 | | |
Canoo, Inc.* (Automobiles) | | | 746 | | | | 1,499 | | |
Cantaloupe, Inc.* (Financial Services) | | | 733 | | | | 5,710 | | |
Capital Bancorp, Inc. (Banks) | | | 115 | | | | 2,931 | | |
Capital City Bank Group, Inc. (Banks) | | | 173 | | | | 6,142 | | |
Capitol Federal Financial, Inc. (Banks) | | | 1,557 | | | | 9,840 | | |
Capricor Therapeutics, Inc.*
(Biotechnology) | | | 319 | | | | 1,295 | | |
Cardiff Oncology, Inc.* (Biotechnology) | | | 492 | | | | 1,151 | | |
Cardlytics, Inc.* (Media) | | | 504 | | | | 4,178 | | |
CareDx, Inc.* (Biotechnology) | | | 626 | | | | 12,514 | | |
CareTrust REIT, Inc. (Health Care REITs) | | | 1,702 | | | | 45,886 | | |
Cargo Therapeutics, Inc.* (Biotechnology) | | | 246 | | | | 4,189 | | |
Cargurus, Inc.* (Interactive Media &
Services) | | | 1,109 | | | | 27,524 | | |
Caribou Biosciences, Inc.* (Biotechnology) | | | 1,033 | | | | 2,397 | | |
Carpenter Technology Corp. (Metals &
Mining) | | | 597 | | | | 87,084 | | |
Carriage Services, Inc. (Diversified
Consumer Services) | | | 171 | | | | 5,482 | | |
Cars.com, Inc.* (Interactive Media &
Services) | | | 827 | | | | 17,053 | | |
Carter Bankshares, Inc.* (Banks) | | | 286 | | | | 4,659 | | |
Cartesian Therapeutics, Inc.*
(Biotechnology) | | | 91 | | | | 1,483 | | |
Casella Waste Systems, Inc.* (Commercial
Services & Supplies) | | | 718 | | | | 74,357 | | |
Cass Information Systems, Inc. (Financial
Services) | | | 170 | | | | 7,300 | | |
Cassava Sciences, Inc.* (Pharmaceuticals) | | | 510 | | | | 11,332 | | |
Castle Biosciences, Inc.* (Health Care
Providers & Services) | | | 325 | | | | 7,842 | | |
Catalyst Pharmaceuticals, Inc.*
(Biotechnology) | | | 1,461 | | | | 25,188 | | |
Cathay General Bancorp (Banks) | | | 874 | | | | 38,736 | | |
Common Stocks, continued
| | | Shares | | Value | |
Cavco Industries, Inc.* (Household
Durables) | | | 105 | | | $ | 43,535 | | |
CBIZ, Inc.* (Professional Services) | | | 602 | | | | 41,779 | | |
CBL & Associates Properties, Inc. (Retail
REITs) | | | 285 | | | | 7,344 | | |
CECO Environmental Corp.* (Commercial
Services & Supplies) | | | 367 | | | | 10,716 | | |
Celcuity, Inc.* (Biotechnology) | | | 293 | | | | 5,371 | | |
Celldex Therapeutics, Inc.* (Biotechnology) | | | 811 | | | | 30,907 | | |
Centerspace (Residential REITs) | | | 187 | | | | 13,058 | | |
Central Garden & Pet Co.* (Household
Products) | | | 121 | | | | 4,821 | | |
Central Garden & Pet Co.*—Class A
(Household Products) | | | 655 | | | | 22,506 | | |
Central Pacific Financial Corp. (Banks) | | | 335 | | | | 8,740 | | |
Centrus Energy Corp.*—Class A (Oil, Gas &
Consumable Fuels) | | | 177 | | | | 7,733 | | |
Centuri Holdings, Inc.* (Construction &
Engineering) | | | 172 | | | | 2,840 | | |
Century Aluminum Co.* (Metals & Mining) | | | 663 | | | | 10,018 | | |
Century Communities, Inc. (Household
Durables) | | | 356 | | | | 37,277 | | |
Century Therapeutics, Inc.* (Biotechnology) | | | 576 | | | | 1,284 | | |
Cerence, Inc.* (Software) | | | 516 | | | | 1,641 | | |
Cerus Corp.* (Health Care Equipment &
Supplies) | | | 2,265 | | | | 5,119 | | |
CervoMed, Inc.* (Biotechnology) | | | 68 | | | | 884 | | |
CEVA, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 293 | | | | 5,875 | | |
CG Oncology, Inc.* (Biotechnology) | | | 292 | | | | 9,738 | | |
ChampionX Corp. (Energy Equipment &
Services) | | | 2,395 | | | | 82,053 | | |
ChargePoint Holdings, Inc.* (Electrical
Equipment) | | | 4,873 | | | | 10,574 | | |
Chart Industries, Inc.* (Machinery) | | | 530 | | | | 85,371 | | |
Chatham Lodging Trust (Hotel & Resort
REITs) | | | 605 | | | | 5,318 | | |
Chegg, Inc.* (Diversified Consumer
Services) | | | 1,246 | | | | 4,249 | | |
Chemung Financial Corp. (Banks) | | | 41 | | | | 1,999 | | |
Chesapeake Utilities Corp. (Gas Utilities) | | | 278 | | | | 32,812 | | |
Chicago Atlantic Real Estate Finance, Inc.
(Mortgage REITs) | | | 212 | | | | 3,388 | | |
Chimera Investment Corp. (Mortgage
REITs) | | | 1,011 | | | | 14,771 | | |
ChoiceOne Financial Services, Inc. (Banks) | | | 88 | | | | 2,420 | | |
ChromaDex Corp.* (Life Sciences Tools &
Services) | | | 615 | | | | 1,839 | | |
Chuy's Holdings, Inc.* (Hotels, Restaurants &
Leisure) | | | 216 | | | | 8,011 | | |
Cibus, Inc.* (Biotechnology) | | | 188 | | | | 1,859 | | |
Cimpress PLC* (Commercial Services &
Supplies) | | | 227 | | | | 20,718 | | |
Cinemark Holdings, Inc.* (Entertainment) | | | 1,386 | | | | 32,681 | | |
Cipher Mining, Inc.* (Software) | | | 2,167 | | | | 11,333 | | |
Citi Trends, Inc.* (Specialty Retail) | | | 101 | | | | 1,981 | | |
Citizens & Northern Corp. (Banks) | | | 187 | | | | 3,787 | | |
Citizens Financial Services, Inc. (Banks) | | | 57 | | | | 3,047 | | |
City Holding Co. (Banks) | | | 184 | | | | 22,430 | | |
City Office REIT, Inc. (Office REITs) | | | 489 | | | | 2,958 | | |
Civista Bancshares, Inc. (Banks) | | | 192 | | | | 3,446 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraSmall-Cap ProFund :: 165
Common Stocks, continued
| | | Shares | | Value | |
Claros Mortgage Trust, Inc. (Mortgage
REITs) | | | 1,084 | | | $ | 10,309 | | |
Clarus Corp. (Leisure Products) | | | 383 | | | | 2,313 | | |
Clean Energy Fuels Corp.* (Oil, Gas &
Consumable Fuels) | | | 2,143 | | | | 6,108 | | |
Cleanspark, Inc.* (Software) | | | 2,782 | | | | 44,512 | | |
Clear Channel Outdoor Holdings, Inc.*
(Media) | | | 4,380 | | | | 7,271 | | |
Clear Secure, Inc.—Class A (Software) | | | 1,102 | | | | 23,528 | | |
Clearfield, Inc.* (Communications
Equipment) | | | 157 | | | | 6,814 | | |
Clearwater Analytics Holdings, Inc.*—Class A
(Software) | | | 1,758 | | | | 34,369 | | |
Clearwater Paper Corp.* (Paper & Forest
Products) | | | 204 | | | | 11,316 | | |
Climb Global Solutions, Inc. (Electronic
Equipment, Instruments & Components) | | | 53 | | | | 3,785 | | |
Clipper Realty, Inc. (Residential REITs) | | | 149 | | | | 587 | | |
CNB Financial Corp. (Banks) | | | 259 | | | | 6,646 | | |
CNO Financial Group, Inc. (Insurance) | | | 1,349 | | | | 47,026 | | |
CNX Resources Corp.* (Oil, Gas &
Consumable Fuels) | | | 1,881 | | | | 49,790 | | |
Coastal Financial Corp.* (Banks) | | | 141 | | | | 7,431 | | |
Codexis, Inc.* (Life Sciences Tools &
Services) | | | 877 | | | | 3,140 | | |
Coeur Mining, Inc.* (Metals & Mining) | | | 4,960 | | | | 32,190 | | |
Cogent Biosciences, Inc.* (Biotechnology) | | | 1,152 | | | | 10,863 | | |
Cogent Communications Holdings, Inc.
(Diversified Telecommunication Services) | | | 553 | | | | 39,036 | | |
Cohen & Steers, Inc. (Capital Markets) | | | 345 | | | | 29,608 | | |
Coherus Biosciences, Inc.* (Biotechnology) | | | 1,382 | | | | 2,128 | | |
Cohu, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 581 | | | | 18,586 | | |
Collegium Pharmaceutical, Inc.*
(Pharmaceuticals) | | | 409 | | | | 15,775 | | |
Colony Bankcorp, Inc. (Banks) | | | 208 | | | | 3,230 | | |
Columbia Financial, Inc.* (Banks) | | | 343 | | | | 6,177 | | |
Columbus McKinnon Corp. (Machinery) | | | 357 | | | | 13,623 | | |
Commercial Metals Co. (Metals & Mining) | | | 1,453 | | | | 87,325 | | |
Commercial Vehicle Group, Inc.*
(Machinery) | | | 413 | | | | 2,251 | | |
CommScope Holding Co., Inc.*
(Communications Equipment) | | | 2,650 | | | | 6,864 | | |
Community Financial System, Inc. (Banks) | | | 657 | | | | 40,524 | | |
Community Health Systems, Inc.* (Health
Care Providers & Services) | | | 1,576 | | | | 8,290 | | |
Community Healthcare Trust, Inc. (Health
Care REITs) | | | 337 | | | | 7,333 | | |
Community Trust Bancorp, Inc. (Banks) | | | 193 | | | | 9,789 | | |
Community West Bancshares (Banks) | | | 212 | | | | 4,397 | | |
CommVault Systems, Inc.* (Software) | | | 548 | | | | 83,762 | | |
Compass Diversified Holdings (Financial
Services) | | | 837 | | | | 20,138 | | |
Compass Minerals International, Inc.
(Metals & Mining) | | | 434 | | | | 5,772 | | |
Compass Therapeutics, Inc.*
(Biotechnology) | | | 1,280 | | | | 1,318 | | |
Compass, Inc.*—Class A (Real Estate
Management & Development) | | | 4,577 | | | | 20,093 | | |
CompoSecure, Inc.—Class A (Technology
Hardware, Storage & Peripherals) | | | 222 | | | | 1,809 | | |
Common Stocks, continued
| | | Shares | | Value | |
CompX International, Inc. (Commercial
Services & Supplies) | | | 19 | | | $ | 487 | | |
Comstock Resources, Inc. (Oil, Gas &
Consumable Fuels) | | | 1,160 | | | | 10,985 | | |
Concrete Pumping Holdings, Inc.*
(Construction & Engineering) | | | 299 | | | | 1,994 | | |
Conduent, Inc.* (Professional Services) | | | 2,024 | | | | 8,258 | | |
Conduit Pharmaceuticals, Inc.* (Life
Sciences Tools & Services) | | | 289 | | | | 67 | | |
CONMED Corp. (Health Care Equipment &
Supplies) | | | 387 | | | | 26,718 | | |
ConnectOne Bancorp, Inc. (Banks) | | | 455 | | | | 11,020 | | |
Consensus Cloud Solutions, Inc.*
(Software) | | | 226 | | | | 4,814 | | |
CONSOL Energy, Inc.* (Oil, Gas &
Consumable Fuels) | | | 367 | | | | 36,630 | | |
Consolidated Communications Holdings,
Inc.* (Diversified Telecommunication
Services) | | | 965 | | | | 4,439 | | |
Consolidated Water Co., Ltd. (Water
Utilities) | | | 189 | | | | 5,492 | | |
Constellium SE* (Metals & Mining) | | | 1,626 | | | | 28,959 | | |
Construction Partners, Inc.*—Class A
(Construction & Engineering) | | | 539 | | | | 34,846 | | |
Consumer Portfolio Services, Inc.*
(Consumer Finance) | | | 107 | | | | 1,012 | | |
Contango ORE, Inc.* (Metals & Mining) | | | 98 | | | | 2,239 | | |
Contineum Therapeutics, Inc.*—Class A
(Pharmaceuticals) | | | 87 | | | | 1,745 | | |
Cooper-Standard Holdings, Inc.*
(Automobile Components) | | | 212 | | | | 3,133 | | |
COPT Defense Properties (Office REITs) | | | 1,413 | | | | 40,935 | | |
Corbus Pharmaceuticals Holdings, Inc.*
(Biotechnology) | | | 128 | | | | 7,612 | | |
Corcept Therapeutics, Inc.*
(Pharmaceuticals) | | | 1,015 | | | | 39,250 | | |
Core Laboratories, Inc. (Energy Equipment &
Services) | | | 589 | | | | 14,425 | | |
Core Molding Technologies, Inc.*
(Chemicals) | | | 95 | | | | 1,753 | | |
Core Scientific, Inc.* (IT Services) | | | 2,239 | | | | 21,830 | | |
CoreCivic, Inc.* (Commercial Services &
Supplies) | | | 1,385 | | | | 19,307 | | |
CorMedix, Inc.* (Pharmaceuticals) | | | 690 | | | | 3,160 | | |
Corsair Gaming, Inc.* (Technology
Hardware, Storage & Peripherals) | | | 561 | | | | 4,606 | | |
CorVel Corp.* (Health Care Providers &
Services) | | | 111 | | | | 34,055 | | |
Costamare, Inc. (Marine Transportation) | | | 539 | | | | 7,988 | | |
Couchbase, Inc.* (IT Services) | | | 488 | | | | 9,365 | | |
Coursera, Inc.* (Diversified Consumer
Services) | | | 1,727 | | | | 16,061 | | |
Covenant Logistics Group, Inc. (Ground
Transportation) | | | 102 | | | | 5,707 | | |
CPI Card Group, Inc.* (Technology
Hardware, Storage & Peripherals) | | | 63 | | | | 1,848 | | |
CRA International, Inc. (Professional
Services) | | | 84 | | | | 14,683 | | |
Cracker Barrel Old Country Store, Inc.
(Hotels, Restaurants & Leisure) | | | 278 | | | | 12,741 | | |
Crawford & Co.—Class A (Insurance) | | | 191 | | | | 1,870 | | |
See accompanying notes to the financial statements.
166 :: UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Credo Technology Group Holding, Ltd.*
(Semiconductors & Semiconductor
Equipment) | | | 1,598 | | | $ | 44,345 | | |
Crescent Energy Co.—Class A (Oil, Gas &
Consumable Fuels) | | | 1,730 | | | | 21,158 | | |
Cricut, Inc.—Class A (Household Durables) | | | 581 | | | | 3,608 | | |
Crinetics Pharmaceuticals, Inc.*
(Biotechnology) | | | 977 | | | | 51,898 | | |
Critical Metals Corp.* (Metals & Mining) | | | 92 | | | | 927 | | |
Cross Country Healthcare, Inc.* (Health
Care Providers & Services) | | | 418 | | | | 7,624 | | |
CrossFirst Bankshares, Inc.* (Banks) | | | 570 | | | | 10,568 | | |
CryoPort, Inc.* (Life Sciences Tools &
Services) | | | 546 | | | | 5,040 | | |
CS Disco, Inc.* (Software) | | | 369 | | | | 2,280 | | |
CSG Systems International, Inc.
(Professional Services) | | | 372 | | | | 17,424 | | |
CSW Industrials, Inc. (Building Products) | | | 194 | | | | 62,937 | | |
CTO Realty Growth, Inc. (Diversified REITs) | | | 277 | | | | 5,559 | | |
CTS Corp. (Electronic Equipment,
Instruments & Components) | | | 382 | | | | 18,672 | | |
Cullinan Therapeutics, Inc.* (Biotechnology) | | | 485 | | | | 9,385 | | |
Cushman & Wakefield PLC* (Real Estate
Management & Development) | | | 2,875 | | | | 37,692 | | |
Custom Truck One Source, Inc.* (Trading
Companies & Distributors) | | | 640 | | | | 3,206 | | |
Customers Bancorp, Inc.* (Banks) | | | 372 | | | | 23,987 | | |
CVB Financial Corp. (Banks) | | | 1,663 | | | | 31,697 | | |
CVR Energy, Inc. (Oil, Gas & Consumable
Fuels) | | | 429 | | | | 12,269 | | |
CVRx, Inc.* (Health Care Equipment &
Supplies) | | | 167 | | | | 1,428 | | |
Cytek Biosciences, Inc.* (Life Sciences
Tools & Services) | | | 1,524 | | | | 10,226 | | |
Cytokinetics, Inc.* (Biotechnology) | | | 1,402 | | | | 82,733 | | |
Daily Journal Corp.* (Media) | | | 17 | | | | 7,915 | | |
Dakota Gold Corp.* (Metals & Mining) | | | 824 | | | | 1,961 | | |
Daktronics, Inc.* (Electronic Equipment,
Instruments & Components) | | | 465 | | | | 6,966 | | |
Dana, Inc. (Automobile Components) | | | 1,639 | | | | 20,832 | | |
Dave & Buster's Entertainment, Inc.*
(Hotels, Restaurants & Leisure) | | | 414 | | | | 15,571 | | |
Dave, Inc.* (Software) | | | 98 | | | | 3,563 | | |
Day One Biopharmaceuticals, Inc.*
(Biotechnology) | | | 652 | | | | 9,330 | | |
Definitive Healthcare Corp.* (Health Care
Technology) | | | 669 | | | | 2,609 | | |
Delek US Holdings, Inc. (Oil, Gas &
Consumable Fuels) | | | 796 | | | | 18,929 | | |
Deluxe Corp. (Commercial Services &
Supplies) | | | 556 | | | | 13,555 | | |
Denali Therapeutics, Inc.* (Biotechnology) | | | 1,560 | | | | 38,017 | | |
Denny's Corp.* (Hotels, Restaurants &
Leisure) | | | 641 | | | | 4,718 | | |
Design Therapeutics, Inc.* (Biotechnology) | | | 394 | | | | 2,009 | | |
Designer Brands, Inc.—Class A (Specialty
Retail) | | | 528 | | | | 4,308 | | |
Despegar.com Corp.* (Hotels, Restaurants &
Leisure) | | | 772 | | | | 8,971 | | |
Destination XL Group, Inc.* (Specialty
Retail) | | | 673 | | | | 2,510 | | |
Common Stocks, continued
| | | Shares | | Value | |
DHT Holdings, Inc. (Oil, Gas & Consumable
Fuels) | | | 1,695 | | | $ | 19,916 | | |
Diamond Hill Investment Group, Inc.
(Capital Markets) | | | 34 | | | | 5,413 | | |
Diamond Offshore Drilling, Inc.* (Energy
Equipment & Services) | | | 1,284 | | | | 21,083 | | |
DiamondRock Hospitality Co. (Hotel &
Resort REITs) | | | 2,642 | | | | 21,744 | | |
Dianthus Therapeutics, Inc.*
(Biotechnology) | | | 300 | | | | 8,934 | | |
Diebold Nixdorf, Inc.* (Technology
Hardware, Storage & Peripherals) | | | 317 | | | | 13,805 | | |
Digi International, Inc.* (Communications
Equipment) | | | 448 | | | | 12,230 | | |
Digimarc Corp.* (Software) | | | 190 | | | | 6,078 | | |
Digital Turbine, Inc.* (Software) | | | 1,205 | | | | 2,868 | | |
DigitalBridge Group, Inc. (Real Estate
Management & Development) | | | 1,996 | | | | 28,204 | | |
DigitalOcean Holdings, Inc.* (IT Services) | | | 824 | | | | 27,299 | | |
Dime Community Bancshares, Inc. (Banks) | | | 445 | | | | 11,250 | | |
Dine Brands Global, Inc. (Hotels,
Restaurants & Leisure) | | | 191 | | | | 6,845 | | |
Diodes, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 573 | | | | 44,809 | | |
Disc Medicine, Inc.* (Biotechnology) | | | 206 | | | | 8,891 | | |
Distribution Solutions Group, Inc.* (Building
Products) | | | 134 | | | | 4,523 | | |
Diversified Energy Co. PLC (Oil, Gas &
Consumable Fuels) | | | 590 | | | | 9,706 | | |
Diversified Healthcare Trust (Health Care
REITs) | | | 2,742 | | | | 9,158 | | |
DLH Holdings Corp.* (Professional
Services) | | | 106 | | | | 1,226 | | |
DMC Global, Inc.* (Energy Equipment &
Services) | | | 246 | | | | 3,321 | | |
DNOW, Inc.* (Trading Companies &
Distributors) | | | 1,354 | | | | 20,797 | | |
DocGo, Inc.* (Health Care Providers &
Services) | | | 1,277 | | | | 4,636 | | |
Dole PLC (Food Products) | | | 942 | | | | 13,989 | | |
Domo, Inc.*—Class B (Software) | | | 425 | | | | 3,553 | | |
Donegal Group, Inc.—Class A (Insurance) | | | 194 | | | | 2,858 | | |
Donnelley Financial Solutions, Inc.* (Capital
Markets) | | | 329 | | | | 22,201 | | |
Dorian LPG, Ltd. (Oil, Gas & Consumable
Fuels) | | | 435 | | | | 17,774 | | |
Dorman Products, Inc.* (Automobile
Components) | | | 329 | | | | 33,351 | | |
Douglas Dynamics, Inc. (Machinery) | | | 285 | | | | 8,239 | | |
Douglas Emmett, Inc. (Office REITs) | | | 2,027 | | | | 32,614 | | |
Dream Finders Homes, Inc.*—Class A
(Household Durables) | | | 351 | | | | 11,074 | | |
Drilling Tools International Corp.* (Energy
Equipment & Services) | | | 118 | | | | 675 | | |
Dril-Quip, Inc.* (Energy Equipment &
Services) | | | 429 | | | | 7,430 | | |
Driven Brands Holdings, Inc.* (Commercial
Services & Supplies) | | | 752 | | | | 10,107 | | |
Ducommun, Inc.* (Aerospace & Defense) | | | 170 | | | | 10,909 | | |
D-Wave Quantum, Inc.* (Software) | | | 1,100 | | | | 1,100 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraSmall-Cap ProFund :: 167
Common Stocks, continued
| | | Shares | | Value | |
DXP Enterprises, Inc.* (Trading Companies &
Distributors) | | | 157 | | | $ | 8,597 | | |
Dycom Industries, Inc.* (Construction &
Engineering) | | | 357 | | | | 65,514 | | |
Dynavax Technologies Corp.*
(Biotechnology) | | | 1,654 | | | | 18,508 | | |
Dyne Therapeutics, Inc.* (Biotechnology) | | | 1,013 | | | | 43,468 | | |
Dynex Capital, Inc. (Mortgage REITs) | | | 802 | | | | 9,760 | | |
E2open Parent Holdings, Inc.* (Software) | | | 2,143 | | | | 10,008 | | |
Eagle Bancorp, Inc. (Banks) | | | 371 | | | | 7,984 | | |
Easterly Government Properties, Inc. (Office
REITs) | | | 1,219 | | | | 16,981 | | |
Eastern Bankshares, Inc. (Banks) | | | 2,426 | | | | 40,369 | | |
Eastman Kodak Co.* (Technology
Hardware, Storage & Peripherals) | | | 759 | | | | 4,410 | | |
EchoStar Corp.*—Class A (Diversified
Telecommunication Services) | | | 1,528 | | | | 30,682 | | |
Ecovyst, Inc.* (Chemicals) | | | 1,461 | | | | 13,938 | | |
Edgewell Personal Care Co. (Personal Care
Products) | | | 618 | | | | 24,195 | | |
Edgewise Therapeutics, Inc.*
(Pharmaceuticals) | | | 911 | | | | 15,514 | | |
Editas Medicine, Inc.* (Biotechnology) | | | 1,040 | | | | 5,626 | | |
eGain Corp.* (Software) | | | 255 | | | | 1,849 | | |
El Pollo Loco Holdings, Inc.* (Hotels,
Restaurants & Leisure) | | | 338 | | | | 4,076 | | |
Elevation Oncology, Inc.* (Biotechnology) | | | 655 | | | | 1,723 | | |
Eliem Therapeutics, Inc.* (Biotechnology) | | | 91 | | | | 754 | | |
Ellington Financial, Inc. (Mortgage REITs) | | | 1,037 | | | | 13,160 | | |
Elme Communities (Residential REITs) | | | 1,105 | | | | 18,188 | | |
Embecta Corp. (Health Care Equipment &
Supplies) | | | 728 | | | | 11,408 | | |
Emerald Holding, Inc.* (Media) | | | 191 | | | | 1,083 | | |
Empire Petroleum Corp.* (Oil, Gas &
Consumable Fuels) | | | 176 | | | | 963 | | |
Empire State Realty Trust, Inc. (Diversified
REITs) | | | 1,683 | | | | 18,126 | | |
Employers Holdings, Inc. (Insurance) | | | 316 | | | | 15,171 | | |
Enact Holdings, Inc. (Financial Services) | | | 367 | | | | 12,489 | | |
Enanta Pharmaceuticals, Inc.*
(Biotechnology) | | | 252 | | | | 3,720 | | |
Encore Capital Group, Inc.* (Consumer
Finance) | | | 294 | | | | 14,862 | | |
Encore Energy Corp.* (Oil, Gas &
Consumable Fuels) | | | 2,238 | | | | 8,728 | | |
Energizer Holdings, Inc. (Household
Products) | | | 903 | | | | 27,803 | | |
Energy Fuels, Inc.* (Oil, Gas & Consumable
Fuels) | | | 2,035 | | | | 11,579 | | |
Energy Recovery, Inc.* (Machinery) | | | 713 | | | | 10,396 | | |
Energy Vault Holdings, Inc.* (Electrical
Equipment) | | | 1,294 | | | | 1,320 | | |
Enerpac Tool Group Corp. (Machinery) | | | 683 | | | | 27,457 | | |
EnerSys (Electrical Equipment) | | | 502 | | | | 55,185 | | |
Enfusion, Inc.*—Class A (Software) | | | 608 | | | | 5,764 | | |
Enhabit, Inc.* (Health Care Providers &
Services) | | | 625 | | | | 6,400 | | |
Enliven Therapeutics, Inc.*
(Pharmaceuticals) | | | 442 | | | | 11,660 | | |
Ennis, Inc. (Commercial Services &
Supplies) | | | 319 | | | | 7,605 | | |
Common Stocks, continued
| | | Shares | | Value | |
Enova International, Inc.* (Consumer
Finance) | | | 329 | | | $ | 28,449 | | |
Enovix Corp.* (Electrical Equipment) | | | 1,866 | | | | 26,889 | | |
Enpro, Inc. (Machinery) | | | 264 | | | | 45,128 | | |
Enstar Group, Ltd.* (Insurance) | | | 159 | | | | 51,579 | | |
Enterprise Bancorp, Inc. (Banks) | | | 123 | | | | 3,635 | | |
Enterprise Financial Services Corp. (Banks) | | | 465 | | | | 24,585 | | |
Entrada Therapeutics, Inc.* (Biotechnology) | | | 310 | | | | 5,106 | | |
Entravision Communications Corp.—Class A
(Media) | | | 772 | | | | 1,691 | | |
Envestnet, Inc.* (Software) | | | 636 | | | | 39,419 | | |
Enviri Corp.* (Commercial Services &
Supplies) | | | 995 | | | | 11,761 | | |
ePlus, Inc.* (Electronic Equipment,
Instruments & Components) | | | 330 | | | | 30,334 | | |
Equity Bancshares, Inc.—Class A (Banks) | | | 183 | | | | 7,412 | | |
Equity Commonwealth* (Office REITs) | | | 1,328 | | | | 27,051 | | |
Erasca, Inc.* (Biotechnology) | | | 1,416 | | | | 4,460 | | |
Escalade, Inc. (Leisure Products) | | | 126 | | | | 1,875 | | |
ESCO Technologies, Inc. (Machinery) | | | 325 | | | | 39,962 | | |
Esperion Therapeutics, Inc.*
(Pharmaceuticals) | | | 2,372 | | | | 5,479 | | |
Esquire Financial Holdings, Inc. (Banks) | | | 89 | | | | 5,489 | | |
ESSA Bancorp, Inc. (Banks) | | | 105 | | | | 2,015 | | |
Essent Group, Ltd. (Financial Services) | | | 1,310 | | | | 82,320 | | |
Essential Properties Realty Trust, Inc.
(Diversified REITs) | | | 2,203 | | | | 65,187 | | |
Ethan Allen Interiors, Inc. (Household
Durables) | | | 287 | | | | 8,860 | | |
European Wax Center, Inc.*—Class A
(Diversified Consumer Services) | | | 425 | | | | 3,991 | | |
Eve Holding, Inc.* (Aerospace & Defense) | | | 223 | | | | 767 | | |
Eventbrite, Inc.*—Class A (Interactive
Media & Services) | | | 1,040 | | | | 5,086 | | |
EverCommerce, Inc.* (Software) | | | 268 | | | | 3,232 | | |
Everi Holdings, Inc.* (Hotels, Restaurants &
Leisure) | | | 992 | | | | 12,767 | | |
EverQuote, Inc.*—Class A (Interactive
Media & Services) | | | 315 | | | | 8,218 | | |
Everspin Technologies, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 244 | | | | 1,515 | | |
EVERTEC, Inc. (Financial Services) | | | 810 | | | | 27,921 | | |
EVgo, Inc.* (Specialty Retail) | | | 1,264 | | | | 4,854 | | |
EVI Industries, Inc. (Trading Companies &
Distributors) | | | 65 | | | | 1,328 | | |
Evolent Health, Inc.*—Class A (Health Care
Technology) | | | 1,449 | | | | 33,791 | | |
Evolus, Inc.* (Pharmaceuticals) | | | 694 | | | | 8,619 | | |
Evolution Petroleum Corp. (Oil, Gas &
Consumable Fuels) | | | 385 | | | | 2,164 | | |
Evolv Technologies Holdings, Inc.*
(Electronic Equipment, Instruments &
Components) | | | 1,640 | | | | 5,691 | | |
Excelerate Energy, Inc.—Class A (Oil, Gas &
Consumable Fuels) | | | 219 | | | | 4,408 | | |
ExlService Holdings, Inc.* (Professional
Services) | | | 1,973 | | | | 69,568 | | |
eXp World Holdings, Inc. (Real Estate
Management & Development) | | | 1,017 | | | | 14,604 | | |
Exponent, Inc. (Professional Services) | | | 635 | | | | 67,361 | | |
See accompanying notes to the financial statements.
168 :: UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Expro Group Holdings N.V.* (Energy
Equipment & Services) | | | 1,189 | | | $ | 27,609 | | |
Extreme Networks, Inc.* (Communications
Equipment) | | | 1,577 | | | | 22,551 | | |
EyePoint Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 628 | | | | 6,205 | | |
F&G Annuities & Life, Inc. (Insurance) | | | 233 | | | | 10,049 | | |
Fabrinet* (Electronic Equipment,
Instruments & Components) | | | 458 | | | | 101,016 | | |
Farmers & Merchants Bancorp, Inc. (Banks) | | | 160 | | | | 4,405 | | |
Farmers National Banc Corp. (Banks) | | | 457 | | | | 7,134 | | |
Farmland Partners, Inc. (Specialized REITs) | | | 552 | | | | 5,862 | | |
FARO Technologies, Inc.* (Electronic
Equipment, Instruments & Components) | | | 222 | | | | 3,796 | | |
Fastly, Inc.*—Class A (IT Services) | | | 1,618 | | | | 13,106 | | |
Fate Therapeutics, Inc.* (Biotechnology) | | | 1,257 | | | | 6,700 | | |
FB Financial Corp. (Banks) | | | 446 | | | | 20,824 | | |
Federal Agricultural Mortgage Corp.—Class C
(Financial Services) | | | 115 | | | | 23,715 | | |
Federal Signal Corp. (Machinery) | | | 755 | | | | 75,477 | | |
Fennec Pharmaceuticals, Inc.*
(Biotechnology) | | | 294 | | | | 1,902 | | |
Fibrobiologics, Inc.* (Biotechnology) | | | 319 | | | | 1,662 | | |
Fidelis Insurance Holdings, Ltd. (Insurance) | | | 605 | | | | 10,763 | | |
Fidelity D&D Bancorp, Inc. (Banks) | | | 60 | | | | 3,114 | | |
Figs, Inc.*—Class A (Textiles, Apparel &
Luxury Goods) | | | 1,631 | | | | 10,602 | | |
Financial Institutions, Inc. (Banks) | | | 191 | | | | 5,027 | | |
First Advantage Corp. (Professional
Services) | | | 638 | | | | 10,986 | | |
First Bancorp (Banks) | | | 503 | | | | 21,025 | | |
First Bancorp (Banks) | | | 2,067 | | | | 44,337 | | |
First Bank/Hamilton NJ (Banks) | | | 265 | | | | 4,092 | | |
First Busey Corp. (Banks) | | | 669 | | | | 18,357 | | |
First Business Financial Services, Inc.
(Banks) | | | 99 | | | | 4,556 | | |
First Commonwealth Financial Corp.
(Banks) | | | 1,270 | | | | 22,962 | | |
First Community Bankshares, Inc. (Banks) | | | 215 | | | | 9,628 | | |
First Financial Bancorp (Banks) | | | 1,185 | | | | 32,422 | | |
First Financial Bankshares, Inc. (Banks) | | | 1,634 | | | | 62,843 | | |
First Financial Corp. (Banks) | | | 144 | | | | 6,474 | | |
First Financial Northwest, Inc. (Banks) | | | 88 | | | | 1,893 | | |
First Foundation, Inc. (Banks) | | | 657 | | | | 4,599 | | |
First Internet Bancorp (Banks) | | | 102 | | | | 3,780 | | |
First Interstate BancSystem, Inc.—Class A
(Banks) | | | 984 | | | | 31,065 | | |
First Merchants Corp. (Banks) | | | 732 | | | | 29,536 | | |
First Mid Bancshares, Inc. (Banks) | | | 287 | | | | 11,018 | | |
First Watch Restaurant Group, Inc.* (Hotels,
Restaurants & Leisure) | | | 381 | | | | 6,199 | | |
First Western Financial, Inc.* (Banks) | | | 100 | | | | 1,814 | | |
FirstCash Holdings, Inc. (Consumer
Finance) | | | 491 | | | | 54,795 | | |
FiscalNote Holdings, Inc.* (Professional
Services) | | | 756 | | | | 1,157 | | |
Five Star Bancorp (Banks) | | | 204 | | | | 5,998 | | |
FLEX LNG, Ltd. (Oil, Gas & Consumable
Fuels) | | | 383 | | | | 10,303 | | |
Flexsteel Industries, Inc. (Household
Durables) | | | 58 | | | | 2,201 | | |
Common Stocks, continued
| | | Shares | | Value | |
Fluence Energy, Inc.* (Electrical Equipment) | | | 764 | | | $ | 12,514 | | |
Fluor Corp.* (Construction & Engineering) | | | 2,144 | | | | 103,127 | | |
Flushing Financial Corp. (Banks) | | | 346 | | | | 5,097 | | |
Flywire Corp.* (Financial Services) | | | 1,516 | | | | 27,758 | | |
Foghorn Therapeutics, Inc.*
(Biotechnology) | | | 317 | | | | 2,225 | | |
Foot Locker, Inc. (Specialty Retail) | | | 1,047 | | | | 30,426 | | |
Forafric Global PLC* (Food Products) | | | 69 | | | | 809 | | |
Forestar Group, Inc.* (Real Estate
Management & Development) | | | 239 | | | | 7,560 | | |
Forge Global Holdings, Inc.* (Capital
Markets) | | | 1,440 | | | | 2,088 | | |
FormFactor, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 972 | | | | 52,061 | | |
Forrester Research, Inc.* (Professional
Services) | | | 150 | | | | 3,029 | | |
Forum Energy Technologies, Inc.* (Energy
Equipment & Services) | | | 147 | | | | 2,712 | | |
Forward Air Corp. (Air Freight & Logistics) | | | 314 | | | | 7,963 | | |
Four Corners Property Trust, Inc.
(Specialized REITs) | | | 1,152 | | | | 31,265 | | |
Fox Factory Holding Corp.* (Automobile
Components) | | | 531 | | | | 28,350 | | |
Fractyl Health, Inc.* (Health Care
Equipment & Supplies) | | | 94 | | | | 300 | | |
Franklin BSP Realty Trust, Inc. (Mortgage
REITs) | | | 1,031 | | | | 14,269 | | |
Franklin Covey Co.* (Professional Services) | | | 143 | | | | 6,251 | | |
Franklin Electric Co., Inc. (Machinery) | | | 569 | | | | 60,667 | | |
Franklin Street Properties Corp. (Office
REITs) | | | 1,225 | | | | 2,132 | | |
Fresh Del Monte Produce, Inc. (Food
Products) | | | 424 | | | | 10,621 | | |
Freshworks, Inc.*—Class A (Software) | | | 2,559 | | | | 31,988 | | |
Freyr Battery, Inc.* (Electrical Equipment) | | | 1,407 | | | | 2,533 | | |
Frontdoor, Inc.* (Diversified Consumer
Services) | | | 985 | | | | 38,868 | | |
Frontier Group Holdings, Inc.* (Passenger
Airlines) | | | 529 | | | | 2,084 | | |
FRP Holdings, Inc.* (Real Estate
Management & Development) | | | 167 | | | | 5,025 | | |
FS Bancorp, Inc. (Banks) | | | 84 | | | | 3,699 | | |
FTAI Aviation, Ltd. (Trading Companies &
Distributors) | | | 1,251 | | | | 139,423 | | |
FTAI Infrastructure, Inc. (Ground
Transportation) | | | 1,264 | | | | 13,032 | | |
fuboTV, Inc.* (Interactive Media & Services) | | | 3,686 | | | | 5,382 | | |
FuelCell Energy, Inc.* (Electrical Equipment) | | | 5,695 | | | | 2,884 | | |
Fulcrum Therapeutics, Inc.*
(Pharmaceuticals) | | | 779 | | | | 7,229 | | |
Fulgent Genetics, Inc.* (Health Care
Providers & Services) | | | 255 | | | | 6,102 | | |
Full House Resorts, Inc.* (Hotels,
Restaurants & Leisure) | | | 412 | | | | 2,320 | | |
Fulton Financial Corp. (Banks) | | | 2,243 | | | | 43,447 | | |
Funko, Inc.*—Class A (Leisure Products) | | | 386 | | | | 3,856 | | |
FutureFuel Corp. (Oil, Gas & Consumable
Fuels) | | | 328 | | | | 1,834 | | |
FVCBankcorp, Inc.* (Banks) | | | 206 | | | | 2,612 | | |
G1 Therapeutics, Inc.* (Biotechnology) | | | 619 | | | | 2,656 | | |
Galectin Therapeutics, Inc.* (Biotechnology) | | | 256 | | | | 640 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraSmall-Cap ProFund :: 169
Common Stocks, continued
| | | Shares | | Value | |
Gambling.com Group, Ltd.* (Media) | | | 217 | | | $ | 2,088 | | |
Gannett Co., Inc.* (Media) | | | 1,782 | | | | 8,750 | | |
GATX Corp. (Trading Companies &
Distributors) | | | 448 | | | | 62,496 | | |
GCM Grosvenor, Inc.—Class A (Capital
Markets) | | | 520 | | | | 5,788 | | |
GCT Semiconductor Holding, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 95 | | | | 447 | | |
Genco Shipping & Trading, Ltd. (Marine
Transportation) | | | 530 | | | | 10,287 | | |
Gencor Industries, Inc.* (Machinery) | | | 129 | | | | 3,177 | | |
GeneDx Holdings Corp.* (Health Care
Providers & Services) | | | 153 | | | | 5,006 | | |
Generation Bio Co.* (Biotechnology) | | | 621 | | | | 2,074 | | |
Genesco, Inc.* (Specialty Retail) | | | 135 | | | | 4,162 | | |
Genie Energy, Ltd.—Class B (Electric
Utilities) | | | 162 | | | | 2,748 | | |
Gentherm, Inc.* (Automobile Components) | | | 395 | | | | 21,796 | | |
Genworth Financial, Inc.* (Insurance) | | | 5,473 | | | | 37,052 | | |
Geospace Technologies Corp.* (Energy
Equipment & Services) | | | 158 | | | | 1,474 | | |
German American Bancorp, Inc. (Banks) | | | 358 | | | | 14,084 | | |
Geron Corp.* (Biotechnology) | | | 7,229 | | | | 34,265 | | |
Getty Images Holdings, Inc.* (Interactive
Media & Services) | | | 1,259 | | | | 4,797 | | |
Getty Realty Corp. (Retail REITs) | | | 621 | | | | 18,394 | | |
Gibraltar Industries, Inc.* (Building
Products) | | | 384 | | | | 28,520 | | |
GigaCloud Technology, Inc.*—Class A
(Distributors) | | | 295 | | | | 8,681 | | |
G-III Apparel Group, Ltd.* (Textiles, Apparel &
Luxury Goods) | | | 508 | | | | 14,006 | | |
Glacier Bancorp, Inc. (Banks) | | | 1,430 | | | | 63,934 | | |
Gladstone Commercial Corp. (Diversified
REITs) | | | 503 | | | | 7,570 | | |
Gladstone Land Corp. (Specialized REITs) | | | 422 | | | | 6,267 | | |
Glaukos Corp.* (Health Care Equipment &
Supplies) | | | 614 | | | | 71,941 | | |
Global Business Travel Group I* (Hotels,
Restaurants & Leisure) | | | 1,576 | | | | 10,591 | | |
Global Industrial Co. (Trading Companies &
Distributors) | | | 171 | | | | 5,964 | | |
Global Medical REIT, Inc. (Health Care
REITs) | | | 763 | | | | 7,287 | | |
Global Net Lease, Inc. (Diversified REITs) | | | 2,521 | | | | 21,933 | | |
Global Water Resources, Inc. (Water
Utilities) | | | 145 | | | | 1,875 | | |
Globalstar, Inc.* (Diversified
Telecommunication Services) | | | 9,158 | | | | 11,081 | | |
GMS, Inc.* (Trading Companies &
Distributors) | | | 503 | | | | 48,404 | | |
Gogo, Inc.* (Wireless Telecommunication
Services) | | | 813 | | | | 7,382 | | |
GoHealth, Inc.*—Class A (Insurance) | | | 57 | | | | 748 | | |
Golar LNG, Ltd. (Oil, Gas & Consumable
Fuels) | | | 1,242 | | | | 43,346 | | |
Golden Entertainment, Inc. (Hotels,
Restaurants & Leisure) | | | 253 | | | | 8,458 | | |
Golden Matrix Group, Inc.* (Entertainment) | | | 250 | | | | 558 | | |
Common Stocks, continued
| | | Shares | | Value | |
Golden Ocean Group, Ltd. (Marine
Transportation) | | | 1,528 | | | $ | 18,978 | | |
Goosehead Insurance, Inc.*—Class A
(Insurance) | | | 294 | | | | 26,545 | | |
GoPro, Inc.*—Class A (Household
Durables) | | | 1,571 | | | | 2,388 | | |
GrafTech International, Ltd.* (Electrical
Equipment) | | | 3,250 | | | | 2,496 | | |
Graham Corp.* (Machinery) | | | 129 | | | | 4,227 | | |
Graham Holdings Co.—Class B (Diversified
Consumer Services) | | | 41 | | | | 31,769 | | |
Granite Construction, Inc. (Construction &
Engineering) | | | 553 | | | | 37,858 | | |
Granite Point Mortgage Trust, Inc.
(Mortgage REITs) | | | 632 | | | | 1,883 | | |
Granite Ridge Resources, Inc. (Oil, Gas &
Consumable Fuels) | | | 661 | | | | 4,528 | | |
Gray Television, Inc. (Media) | | | 1,074 | | | | 6,906 | | |
Great Lakes Dredge & Dock Corp.*
(Construction & Engineering) | | | 828 | | | | 7,808 | | |
Great Southern Bancorp, Inc. (Banks) | | | 108 | | | | 6,762 | | |
Green Brick Partners, Inc.* (Household
Durables) | | | 395 | | | | 28,894 | | |
Green Dot Corp.*—Class A (Consumer
Finance) | | | 667 | | | | 6,377 | | |
Green Plains, Inc.* (Oil, Gas & Consumable
Fuels) | | | 800 | | | | 14,184 | | |
Greene County Bancorp, Inc. (Banks) | | | 88 | | | | 3,190 | | |
Greenlight Capital Re, Ltd.*—Class A
(Insurance) | | | 347 | | | | 4,789 | | |
Greenwich Lifesciences, Inc.*
(Biotechnology) | | | 75 | | | | 1,209 | | |
Greif, Inc.—Class A (Containers &
Packaging) | | | 313 | | | | 20,871 | | |
Greif, Inc.—Class B (Containers &
Packaging) | | | 61 | | | | 4,311 | | |
Grid Dynamics Holdings, Inc.* (IT Services) | | | 717 | | | | 9,249 | | |
Griffon Corp. (Building Products) | | | 485 | | | | 34,949 | | |
Grindr, Inc.* (Interactive Media & Services) | | | 308 | | | | 3,582 | | |
Group 1 Automotive, Inc. (Specialty Retail) | | | 166 | | | | 60,709 | | |
Groupon, Inc.* (Broadline Retail) | | | 288 | | | | 3,836 | | |
GrowGeneration Corp.* (Specialty Retail) | | | 730 | | | | 1,686 | | |
Guaranty Bancshares, Inc. (Banks) | | | 100 | | | | 3,453 | | |
Guardant Health, Inc.* (Health Care
Providers & Services) | | | 1,481 | | | | 52,028 | | |
Gulfport Energy Corp.* (Oil, Gas &
Consumable Fuels) | | | 163 | | | | 23,995 | | |
Gyre Therapeutics, Inc.* (Biotechnology) | | | 88 | | | | 1,273 | | |
H&E Equipment Services, Inc. (Trading
Companies & Distributors) | | | 405 | | | | 21,182 | | |
H.B. Fuller Co. (Chemicals) | | | 687 | | | | 59,219 | | |
Haemonetics Corp.* (Health Care
Equipment & Supplies) | | | 630 | | | | 56,732 | | |
Hallador Energy Co.* (Oil, Gas &
Consumable Fuels) | | | 313 | | | | 2,491 | | |
Halozyme Therapeutics, Inc.*
(Biotechnology) | | | 1,566 | | | | 86,538 | | |
Hamilton Beach Brands Holding Co.—Class A
(Household Durables) | | | 107 | | | | 2,090 | | |
Hamilton Insurance Group, Ltd.*—Class B
(Insurance) | | | 209 | | | | 3,643 | | |
See accompanying notes to the financial statements.
170 :: UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Hamilton Lane, Inc.—Class A (Capital
Markets) | | | 482 | | | $ | 69,585 | | |
Hancock Whitney Corp. (Banks) | | | 1,089 | | | | 59,600 | | |
Hanesbrands, Inc.* (Textiles, Apparel &
Luxury Goods) | | | 4,436 | | | | 26,350 | | |
Hanmi Financial Corp. (Banks) | | | 378 | | | | 7,711 | | |
Hannon Armstrong Sustainable
Infrastructure Capital, Inc. (Mortgage REITs) | | | 1,412 | | | | 46,271 | | |
HarborOne Bancorp, Inc. (Banks) | | | 499 | | | | 6,662 | | |
Harmonic, Inc.* (Communications
Equipment) | | | 1,387 | | | | 20,333 | | |
Harmony Biosciences Holdings, Inc.*
(Pharmaceuticals) | | | 379 | | | | 12,833 | | |
Harrow, Inc.* (Pharmaceuticals) | | | 383 | | | | 9,874 | | |
Harvard Bioscience, Inc.* (Life Sciences
Tools & Services) | | | 512 | | | | 1,638 | | |
Haverty Furniture Cos., Inc. (Specialty
Retail) | | | 181 | | | | 5,298 | | |
Hawaiian Electric Industries, Inc. (Electric
Utilities) | | | 1,396 | | | | 23,118 | | |
Hawaiian Holdings, Inc.* (Passenger
Airlines) | | | 641 | | | | 8,198 | | |
Hawkins, Inc. (Chemicals) | | | 243 | | | | 25,248 | | |
Haynes International, Inc. (Metals &
Mining) | | | 158 | | | | 9,409 | | |
HBT Financial, Inc. (Banks) | | | 161 | | | | 3,703 | | |
HCI Group, Inc. (Insurance) | | | 102 | | | | 9,615 | | |
Health Catalyst, Inc.* (Health Care
Technology) | | | 733 | | | | 5,402 | | |
Healthcare Services Group, Inc.*
(Commercial Services & Supplies) | | | 924 | | | | 10,561 | | |
HealthEquity, Inc.* (Health Care Providers &
Services) | | | 1,063 | | | | 83,424 | | |
HealthStream, Inc. (Health Care
Technology) | | | 306 | | | | 9,091 | | |
Heartland Express, Inc. (Ground
Transportation) | | | 585 | | | | 7,587 | | |
Heartland Financial USA, Inc. (Banks) | | | 532 | | | | 29,005 | | |
Hecla Mining Co. (Metals & Mining) | | | 7,263 | | | | 41,980 | | |
Heidrick & Struggles International, Inc.
(Professional Services) | | | 253 | | | | 10,155 | | |
Helen of Troy, Ltd.* (Household Durables) | | | 299 | | | | 17,674 | | |
Helios Technologies, Inc. (Machinery) | | | 417 | | | | 19,161 | | |
Helix Energy Solutions Group, Inc.* (Energy
Equipment & Services) | | | 1,809 | | | | 21,346 | | |
Helmerich & Payne, Inc. (Energy Equipment &
Services) | | | 1,214 | | | | 49,070 | | |
Herbalife, Ltd.* (Personal Care Products) | | | 1,255 | | | | 15,411 | | |
Herc Holdings, Inc. (Trading Companies &
Distributors) | | | 353 | | | | 55,012 | | |
Heritage Commerce Corp. (Banks) | | | 748 | | | | 7,742 | | |
Heritage Financial Corp. (Banks) | | | 430 | | | | 9,963 | | |
Heritage Insurance Holdings, Inc.*
(Insurance) | | | 287 | | | | 2,293 | | |
Heron Therapeutics, Inc.* (Biotechnology) | | | 1,474 | | | | 4,378 | | |
Hertz Global Holdings, Inc.* (Ground
Transportation) | | | 1,541 | | | | 6,287 | | |
HF Foods Group, Inc.* (Consumer Staples
Distribution & Retail) | | | 500 | | | | 1,995 | | |
HighPeak Energy, Inc. (Oil, Gas &
Consumable Fuels) | | | 182 | | | | 3,059 | | |
Common Stocks, continued
| | | Shares | | Value | |
Hillenbrand, Inc. (Machinery) | | | 882 | | | $ | 39,011 | | |
HilleVax, Inc.* (Biotechnology) | | | 396 | | | | 725 | | |
Hillman Solutions Corp.* (Machinery) | | | 2,467 | | | | 25,040 | | |
Hilltop Holdings, Inc. (Banks) | | | 585 | | | | 19,299 | | |
Hilton Grand Vacations, Inc.* (Hotels,
Restaurants & Leisure) | | | 926 | | | | 40,012 | | |
Himalaya Shipping, Ltd. (Marine
Transportation) | | | 373 | | | | 3,029 | | |
Hims & Hers Health, Inc.* (Health Care
Providers & Services) | | | 2,382 | | | | 50,594 | | |
Hingham Institution For Savings The
(Banks) | | | 20 | | | | 4,974 | | |
Hippo Holdings, Inc.* (Insurance) | | | 248 | | | | 4,400 | | |
HireQuest, Inc. (Professional Services) | | | 69 | | | | 928 | | |
HNI Corp. (Commercial Services &
Supplies) | | | 590 | | | | 32,421 | | |
Holley, Inc.* (Automobile Components) | | | 584 | | | | 2,301 | | |
Home Bancorp, Inc. (Banks) | | | 89 | | | | 3,927 | | |
Home BancShares, Inc. (Banks) | | | 2,366 | | | | 67,028 | | |
HomeStreet, Inc. (Banks) | | | 230 | | | | 3,312 | | |
HomeTrust Bancshares, Inc. (Banks) | | | 185 | | | | 6,562 | | |
Hooker Furnishings Corp. (Household
Durables) | | | 133 | | | | 2,031 | | |
Hope Bancorp, Inc. (Banks) | | | 1,455 | | | | 19,148 | | |
Horace Mann Educators Corp. (Insurance) | | | 516 | | | | 17,838 | | |
Horizon Bancorp, Inc. (Banks) | | | 544 | | | | 8,688 | | |
Hovnanian Enterprises, Inc.*—Class A
(Household Durables) | | | 62 | | | | 13,013 | | |
Hub Group, Inc.—Class A (Air Freight &
Logistics) | | | 766 | | | | 35,826 | | |
Hudson Pacific Properties, Inc. (Office
REITs) | | | 1,717 | | | | 10,285 | | |
Hudson Technologies, Inc.* (Trading
Companies & Distributors) | | | 558 | | | | 4,776 | | |
Humacyte, Inc.* (Biotechnology) | | | 1,104 | | | | 10,444 | | |
Huron Consulting Group, Inc.* (Professional
Services) | | | 223 | | | | 24,532 | | |
Hut 8 Corp.* (Software) | | | 1,007 | | | | 14,742 | | |
Hyliion Holdings Corp.* (Machinery) | | | 1,769 | | | | 3,927 | | |
Hyster-Yale, Inc. (Machinery) | | | 144 | | | | 11,771 | | |
I3 Verticals, Inc.*—Class A (Financial
Services) | | | 284 | | | | 6,961 | | |
i-80 Gold Corp.* (Metals & Mining) | | | 3,255 | | | | 3,418 | | |
IBEX Holdings, Ltd.* (Professional Services) | | | 113 | | | | 1,971 | | |
Ibotta, Inc.*—Class A (Media) | | | 96 | | | | 6,455 | | |
ICF International, Inc. (Professional
Services) | | | 234 | | | | 34,421 | | |
Ichor Holdings, Ltd.* (Semiconductors &
Semiconductor Equipment) | | | 409 | | | | 13,906 | | |
ICU Medical, Inc.* (Health Care Equipment &
Supplies) | | | 269 | | | | 34,158 | | |
Ideaya Biosciences, Inc.* (Biotechnology) | | | 1,027 | | | | 44,212 | | |
IDT Corp.—Class B (Diversified
Telecommunication Services) | | | 194 | | | | 7,417 | | |
IES Holdings, Inc.* (Construction &
Engineering) | | | 105 | | | | 16,167 | | |
IGM Biosciences, Inc.* (Biotechnology) | | | 190 | | | | 2,120 | | |
iHeartMedia, Inc.*—Class A (Media) | | | 1,297 | | | | 2,309 | | |
iLearningEngines Holdings, Inc.* (Software) | | | 368 | | | | 3,043 | | |
IMAX Corp.* (Entertainment) | | | 538 | | | | 11,352 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraSmall-Cap ProFund :: 171
Common Stocks, continued
| | | Shares | | Value | |
Immersion Corp. (Technology Hardware,
Storage & Peripherals) | | | 380 | | | $ | 4,853 | | |
ImmunityBio, Inc.* (Biotechnology) | | | 1,779 | | | | 9,162 | | |
Immunome, Inc.* (Biotechnology) | | | 645 | | | | 9,939 | | |
Immunovant, Inc.* (Biotechnology) | | | 729 | | | | 21,192 | | |
Impinj, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 284 | | | | 45,238 | | |
Inari Medical, Inc.* (Health Care Equipment &
Supplies) | | | 664 | | | | 30,916 | | |
Independence Realty Trust, Inc. (Residential
REITs) | | | 2,837 | | | | 52,910 | | |
Independent Bank Corp. (Banks) | | | 250 | | | | 8,673 | | |
Independent Bank Corp. (Banks) | | | 533 | | | | 34,192 | | |
Independent Bank Group, Inc. (Banks) | | | 455 | | | | 26,872 | | |
indie Semiconductor, Inc.*—Class A
(Semiconductors & Semiconductor
Equipment) | | | 2,059 | | | | 12,313 | | |
Industrial Logistics Properties Trust
(Industrial REITs) | | | 820 | | | | 4,215 | | |
Infinera Corp.* (Communications
Equipment) | | | 2,501 | | | | 14,856 | | |
Information Services Group, Inc. (IT
Services) | | | 442 | | | | 1,534 | | |
InfuSystem Holdings, Inc.* (Health Care
Providers & Services) | | | 249 | | | | 1,718 | | |
Ingevity Corp.* (Chemicals) | | | 457 | | | | 20,972 | | |
Ingles Markets, Inc.—Class A (Consumer
Staples Distribution & Retail) | | | 182 | | | | 14,751 | | |
Inhibrx Biosciences, Inc.* (Biotechnology) | | | 131 | | | | 1,901 | | |
Inmode, Ltd.* (Health Care Equipment &
Supplies) | | | 998 | | | | 18,084 | | |
Inmune Bio, Inc.* (Biotechnology) | | | 153 | | | | 1,314 | | |
Innodata, Inc.* (Professional Services) | | | 340 | | | | 6,579 | | |
Innospec, Inc. (Chemicals) | | | 313 | | | | 41,047 | | |
Innovage Holding Corp.* (Health Care
Providers & Services) | | | 239 | | | | 1,501 | | |
Innovative Industrial Properties, Inc.
(Industrial REITs) | | | 354 | | | | 43,475 | | |
Innovid Corp.* (Media) | | | 1,337 | | | | 2,834 | | |
Innoviva, Inc.* (Pharmaceuticals) | | | 695 | | | | 13,094 | | |
Inogen, Inc.* (Health Care Equipment &
Supplies) | | | 298 | | | | 2,757 | | |
Inovio Pharmaceuticals, Inc.*
(Biotechnology) | | | 319 | | | | 3,401 | | |
Inozyme Pharma, Inc.* (Biotechnology) | | | 649 | | | | 3,764 | | |
Insight Enterprises, Inc.* (Electronic
Equipment, Instruments & Components) | | | 350 | | | | 78,575 | | |
Insmed, Inc.* (Biotechnology) | | | 1,950 | | | | 141,864 | | |
Insperity, Inc. (Professional Services) | | | 451 | | | | 46,327 | | |
Inspired Entertainment, Inc.* (Hotels,
Restaurants & Leisure) | | | 275 | | | | 2,538 | | |
Installed Building Products, Inc. (Household
Durables) | | | 301 | | | | 81,375 | | |
Insteel Industries, Inc. (Building Products) | | | 235 | | | | 8,049 | | |
Instructure Holdings, Inc.* (Software) | | | 277 | | | | 6,471 | | |
Intapp, Inc.* (Software) | | | 490 | | | | 17,557 | | |
Integer Holdings Corp.* (Health Care
Equipment & Supplies) | | | 419 | | | | 49,760 | | |
Integra LifeSciences Holdings Corp.*
(Health Care Equipment & Supplies) | | | 860 | | | | 21,337 | | |
Integral Ad Science Holding Corp.* (Media) | | | 907 | | | | 9,233 | | |
Common Stocks, continued
| | | Shares | | Value | |
Intellia Therapeutics, Inc.* (Biotechnology) | | | 1,209 | | | $ | 31,688 | | |
Inter Parfums, Inc. (Personal Care Products) | | | 229 | | | | 32,215 | | |
InterDigital, Inc. (Software) | | | 318 | | | | 39,038 | | |
Interface, Inc. (Commercial Services &
Supplies) | | | 720 | | | | 12,442 | | |
International Bancshares Corp. (Banks) | | | 679 | | | | 45,792 | | |
International Game Technology PLC
(Hotels, Restaurants & Leisure) | | | 1,428 | | | | 33,515 | | |
International Money Express, Inc.*
(Financial Services) | | | 398 | | | | 8,840 | | |
International Seaways, Inc. (Oil, Gas &
Consumable Fuels) | | | 507 | | | | 28,392 | | |
Intrepid Potash, Inc.* (Chemicals) | | | 137 | | | | 3,574 | | |
Intuitive Machines, Inc.* (Aerospace &
Defense) | | | 357 | | | | 1,421 | | |
InvenTrust Properties Corp. (Retail REITs) | | | 856 | | | | 24,114 | | |
Invesco Mortgage Capital, Inc. (Mortgage
REITs) | | | 615 | | | | 5,584 | | |
Investar Holding Corp. (Banks) | | | 116 | | | | 2,146 | | |
Investors Title Co. (Insurance) | | | 18 | | | | 3,831 | | |
Invivyd, Inc.* (Biotechnology) | | | 996 | | | | 1,245 | | |
IonQ, Inc.* (Technology Hardware, Storage &
Peripherals) | | | 2,491 | | | | 20,301 | | |
Iovance Biotherapeutics, Inc.*
(Biotechnology) | | | 3,178 | | | | 27,744 | | |
iRadimed Corp. (Health Care Equipment &
Supplies) | | | 101 | | | | 4,718 | | |
iRhythm Technologies, Inc.* (Health Care
Equipment & Supplies) | | | 392 | | | | 33,810 | | |
iRobot Corp.* (Household Durables) | | | 357 | | | | 4,209 | | |
Ironwood Pharmaceuticals, Inc.*
(Biotechnology) | | | 1,776 | | | | 12,130 | | |
Ispire Technology, Inc.* (Tobacco) | | | 241 | | | | 1,841 | | |
iTeos Therapeutics, Inc.* (Biotechnology) | | | 326 | | | | 5,734 | | |
Iteris, Inc.* (Electronic Equipment,
Instruments & Components) | | | 534 | | | | 2,622 | | |
Itron, Inc.* (Electronic Equipment,
Instruments & Components) | | | 577 | | | | 59,685 | | |
Ivanhoe Electric, Inc.* (Metals & Mining) | | | 1,049 | | | | 10,406 | | |
J & J Snack Foods Corp. (Food Products) | | | 192 | | | | 32,390 | | |
J Jill, Inc. (Specialty Retail) | | | 59 | | | | 2,269 | | |
Jack in the Box, Inc. (Hotels, Restaurants &
Leisure) | | | 246 | | | | 14,622 | | |
Jackson Financial, Inc.—Class A (Financial
Services) | | | 959 | | | | 84,449 | | |
JAKKS Pacific, Inc.* (Leisure Products) | | | 100 | | | | 2,104 | | |
James River Group Holdings, Ltd.
(Insurance) | | | 393 | | | | 3,396 | | |
Jamf Holding Corp.* (Software) | | | 931 | | | | 17,047 | | |
Janus International Group, Inc.* (Building
Products) | | | 1,781 | | | | 25,682 | | |
Janux Therapeutics, Inc.* (Biotechnology) | | | 352 | | | | 14,291 | | |
Jasper Therapeutics, Inc.* (Biotechnology) | | | 142 | | | | 2,626 | | |
JBG SMITH Properties (Office REITs) | | | 1,114 | | | | 18,214 | | |
JELD-WEN Holding, Inc.* (Building
Products) | | | 1,078 | | | | 17,992 | | |
JetBlue Airways Corp.* (Passenger Airlines) | | | 3,846 | | | | 24,653 | | |
Joby Aviation, Inc.* (Passenger Airlines) | | | 5,045 | | | | 30,169 | | |
John B Sanfilippo & Son, Inc. (Food
Products) | | | 113 | | | | 11,850 | | |
John Bean Technologies Corp. (Machinery) | | | 399 | | | | 39,254 | | |
See accompanying notes to the financial statements.
172 :: UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
John Marshall Bancorp, Inc. (Banks) | | | 157 | | | $ | 3,035 | | |
John Wiley & Sons, Inc.—Class A (Media) | | | 453 | | | | 21,631 | | |
Johnson Outdoors, Inc.—Class A (Leisure
Products) | | | 60 | | | | 2,544 | | |
Kadant, Inc. (Machinery) | | | 147 | | | | 51,669 | | |
Kaiser Aluminum Corp. (Metals & Mining) | | | 201 | | | | 15,817 | | |
Kaltura, Inc.* (Software) | | | 1,207 | | | | 1,605 | | |
KalVista Pharmaceuticals, Inc.*
(Biotechnology) | | | 478 | | | | 6,950 | | |
Karat Packaging, Inc. (Trading Companies &
Distributors) | | | 86 | | | | 2,569 | | |
KB Home (Household Durables) | | | 845 | | | | 72,738 | | |
Kearny Financial Corp. (Banks) | | | 688 | | | | 4,954 | | |
Kelly Services, Inc.—Class A (Professional
Services) | | | 389 | | | | 9,153 | | |
Kennametal, Inc. (Machinery) | | | 995 | | | | 26,009 | | |
Kennedy-Wilson Holdings, Inc. (Real Estate
Management & Development) | | | 1,428 | | | | 14,865 | | |
Keros Therapeutics, Inc.* (Biotechnology) | | | 370 | | | | 18,559 | | |
Kforce, Inc. (Professional Services) | | | 234 | | | | 16,256 | | |
Kimball Electronics, Inc.* (Electronic
Equipment, Instruments & Components) | | | 308 | | | | 7,300 | | |
Kinetik Holdings, Inc. (Oil, Gas &
Consumable Fuels) | | | 480 | | | | 19,910 | | |
Kingsway Financial Services, Inc.*
(Insurance) | | | 161 | | | | 1,365 | | |
Kiniksa Pharmaceuticals International PLC*
(Biotechnology) | | | 468 | | | | 12,449 | | |
Kite Realty Group Trust (Retail REITs) | | | 2,726 | | | | 67,224 | | |
KKR Real Estate Finance Trust, Inc.
(Mortgage REITs) | | | 738 | | | | 8,472 | | |
Knife River Corp.* (Construction Materials) | | | 713 | | | | 56,698 | | |
Knowles Corp.* (Electronic Equipment,
Instruments & Components) | | | 1,108 | | | | 20,243 | | |
Kodiak Gas Services, Inc. (Energy
Equipment & Services) | | | 253 | | | | 7,299 | | |
Kodiak Sciences, Inc.* (Biotechnology) | | | 410 | | | | 1,193 | | |
Kontoor Brands, Inc. (Textiles, Apparel &
Luxury Goods) | | | 699 | | | | 49,035 | | |
Koppers Holdings, Inc. (Chemicals) | | | 257 | | | | 10,462 | | |
Korn Ferry (Professional Services) | | | 652 | | | | 48,065 | | |
Korro Bio, Inc.* (Biotechnology) | | | 77 | | | | 3,585 | | |
Kosmos Energy, Ltd.* (Oil, Gas &
Consumable Fuels) | | | 5,873 | | | | 32,478 | | |
Kratos Defense & Security Solutions, Inc.*
(Aerospace & Defense) | | | 1,857 | | | | 41,857 | | |
Krispy Kreme, Inc. (Hotels, Restaurants &
Leisure) | | | 1,074 | | | | 11,417 | | |
Kronos Worldwide, Inc. (Chemicals) | | | 273 | | | | 3,265 | | |
Krystal Biotech, Inc.* (Biotechnology) | | | 311 | | | | 64,832 | | |
Kulicke & Soffa Industries, Inc.
(Semiconductors & Semiconductor
Equipment) | | | 689 | | | | 32,500 | | |
Kura Oncology, Inc.* (Biotechnology) | | | 910 | | | | 18,937 | | |
Kura Sushi USA, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 74 | | | | 4,254 | | |
Kymera Therapeutics, Inc.* (Biotechnology) | | | 558 | | | | 25,780 | | |
Kyverna Therapeutics, Inc.* (Biotechnology) | | | 211 | | | | 1,827 | | |
L B Foster Co.*—Class A (Machinery) | | | 114 | | | | 2,737 | | |
Ladder Capital Corp. (Mortgage REITs) | | | 1,425 | | | | 17,100 | | |
Lakeland Financial Corp. (Banks) | | | 312 | | | | 21,381 | | |
Common Stocks, continued
| | | Shares | | Value | |
Lancaster Colony Corp. (Food Products) | | | 246 | | | $ | 47,494 | | |
Lands' End, Inc.* (Specialty Retail) | | | 178 | | | | 3,149 | | |
Landsea Homes Corp.* (Household
Durables) | | | 226 | | | | 2,753 | | |
Lantheus Holdings, Inc.* (Health Care
Equipment & Supplies) | | | 854 | | | | 89,524 | | |
LanzaTech Global, Inc.* (Commercial
Services & Supplies) | | | 1,403 | | | | 2,539 | | |
Larimar Therapeutics, Inc.* (Biotechnology) | | | 528 | | | | 4,430 | | |
Latham Group, Inc.* (Leisure Products) | | | 509 | | | | 1,853 | | |
Laureate Education, Inc. (Diversified
Consumer Services) | | | 1,684 | | | | 26,102 | | |
La-Z-Boy, Inc. (Household Durables) | | | 539 | | | | 23,791 | | |
LCI Industries (Automobile Components) | | | 311 | | | | 36,291 | | |
LCNB Corp. (Banks) | | | 156 | | | | 2,385 | | |
Legacy Housing Corp.* (Household
Durables) | | | 141 | | | | 4,016 | | |
Legalzoom.com, Inc.* (Professional
Services) | | | 1,730 | | | | 11,556 | | |
LeMaitre Vascular, Inc. (Health Care
Equipment & Supplies) | | | 255 | | | | 22,157 | | |
Lemonade, Inc.* (Insurance) | | | 647 | | | | 11,665 | | |
LendingClub Corp.* (Consumer Finance) | | | 1,372 | | | | 17,164 | | |
LendingTree, Inc.* (Consumer Finance) | | | 125 | | | | 6,653 | | |
LENZ Therapeutics, Inc.* (Biotechnology) | | | 158 | | | | 3,923 | | |
Leonardo DRS, Inc.* (Aerospace &
Defense) | | | 924 | | | | 26,057 | | |
Leslie's, Inc.* (Specialty Retail) | | | 2,256 | | | | 6,655 | | |
Lexeo Therapeutics, Inc.* (Biotechnology) | | | 129 | | | | 1,619 | | |
Lexicon Pharmaceuticals, Inc.*
(Biotechnology) | | | 1,441 | | | | 3,242 | | |
LGI Homes, Inc.* (Household Durables) | | | 262 | | | | 30,148 | | |
Liberty Energy, Inc. (Energy Equipment &
Services) | | | 2,027 | | | | 48,952 | | |
Liberty Latin America, Ltd.*—Class A
(Diversified Telecommunication Services) | | | 417 | | | | 4,370 | | |
Liberty Latin America, Ltd.*—Class C
(Diversified Telecommunication Services) | | | 1,690 | | | | 17,914 | | |
Life Time Group Holdings, Inc.* (Hotels,
Restaurants & Leisure) | | | 739 | | | | 15,349 | | |
Lifecore Biomedical, Inc.* (Life Sciences
Tools & Services) | | | 267 | | | | 1,690 | | |
LifeMD, Inc.* (Health Care Technology) | | | 435 | | | | 3,102 | | |
LifeStance Health Group, Inc.* (Health Care
Providers & Services) | | | 1,498 | | | | 8,254 | | |
Lifetime Brands, Inc. (Household Durables) | | | 156 | | | | 1,348 | | |
Lifeway Foods, Inc.* (Food Products) | | | 56 | | | | 690 | | |
Lifezone Metals, Ltd.* (Metals & Mining) | | | 458 | | | | 3,614 | | |
Ligand Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 214 | | | | 23,324 | | |
Lightwave Logic, Inc.* (Electronic
Equipment, Instruments & Components) | | | 1,507 | | | | 5,214 | | |
Limbach Holdings, Inc.* (Construction &
Engineering) | | | 128 | | | | 8,156 | | |
Limoneira Co. (Food Products) | | | 208 | | | | 4,584 | | |
Lincoln Educational Services Corp.*
(Diversified Consumer Services) | | | 328 | | | | 4,628 | | |
Lindblad Expeditions Holdings, Inc.*
(Hotels, Restaurants & Leisure) | | | 445 | | | | 3,831 | | |
Lindsay Corp. (Machinery) | | | 138 | | | | 17,387 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraSmall-Cap ProFund :: 173
Common Stocks, continued
| | | Shares | | Value | |
Lineage Cell Therapeutics, Inc.*
(Biotechnology) | | | 1,855 | | | $ | 1,911 | | |
LINKBANCORP, Inc. (Banks) | | | 278 | | | | 2,027 | | |
Lions Gate Entertainment Corp.*—Class A
(Entertainment) | | | 748 | | | | 6,859 | | |
Lions Gate Entertainment Corp.*—Class B
(Entertainment) | | | 1,528 | | | | 12,591 | | |
Liquidia Corp.* (Pharmaceuticals) | | | 724 | | | | 8,637 | | |
Liquidity Services, Inc.* (Commercial
Services & Supplies) | | | 269 | | | | 6,044 | | |
LivaNova PLC* (Health Care Equipment &
Supplies) | | | 685 | | | | 33,839 | | |
Live Oak Bancshares, Inc. (Banks) | | | 435 | | | | 19,636 | | |
LiveOne, Inc.* (Entertainment) | | | 854 | | | | 1,452 | | |
LiveRamp Holdings, Inc.* (Software) | | | 818 | | | | 24,769 | | |
Livewire Group, Inc.* (Automobiles) | | | 228 | | | | 1,680 | | |
Longboard Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 406 | | | | 13,495 | | |
LSB Industries, Inc.* (Chemicals) | | | 669 | | | | 6,095 | | |
LSI Industries, Inc. (Electrical Equipment) | | | 351 | | | | 5,988 | | |
LTC Properties, Inc. (Health Care REITs) | | | 539 | | | | 19,248 | | |
Lumen Technologies, Inc.* (Diversified
Telecommunication Services) | | | 12,707 | | | | 40,028 | | |
Luminar Technologies, Inc.* (Automobile
Components) | | | 4,209 | | | | 6,987 | | |
Luxfer Holdings PLC (Machinery) | | | 336 | | | | 4,348 | | |
LXP Industrial Trust (Industrial REITs) | | | 3,649 | | | | 37,585 | | |
Lyell Immunopharma, Inc.* (Biotechnology) | | | 2,017 | | | | 3,247 | | |
Lyra Therapeutics, Inc.* (Pharmaceuticals) | | | 608 | | | | 198 | | |
M/I Homes, Inc.* (Household Durables) | | | 339 | | | | 56,555 | | |
MacroGenics, Inc.* (Biotechnology) | | | 772 | | | | 2,903 | | |
Madison Square Garden Entertainment
Corp.* (Entertainment) | | | 491 | | | | 19,389 | | |
Madrigal Pharmaceuticals, Inc.*
(Biotechnology) | | | 220 | | | | 62,625 | | |
Magnite, Inc.* (Media) | | | 1,579 | | | | 22,959 | | |
Magnolia Oil & Gas Corp.—Class A (Oil,
Gas & Consumable Fuels) | | | 2,174 | | | | 59,220 | | |
Maiden Holdings, Ltd.* (Insurance) | | | 1,105 | | | | 2,332 | | |
Malibu Boats, Inc.*—Class A (Leisure
Products) | | | 254 | | | | 9,662 | | |
Mama's Creations, Inc.* (Food Products) | | | 413 | | | | 3,147 | | |
Mammoth Energy Services, Inc.* (Energy
Equipment & Services) | | | 305 | | | | 1,226 | | |
MannKind Corp.* (Biotechnology) | | | 3,329 | | | | 19,175 | | |
Marathon Digital Holdings, Inc.* (Software) | | | 3,433 | | | | 67,527 | | |
Maravai LifeSciences Holdings, Inc.*—Class A
(Life Sciences Tools & Services) | | | 1,387 | | | | 13,495 | | |
Marcus & Millichap, Inc. (Real Estate
Management & Development) | | | 295 | | | | 11,685 | | |
Marine Products Corp. (Leisure Products) | | | 110 | | | | 1,165 | | |
MarineMax, Inc.* (Specialty Retail) | | | 271 | | | | 9,450 | | |
MarketWise, Inc. (Capital Markets) | | | 484 | | | | 552 | | |
Marqeta, Inc.*—Class A (Financial Services) | | | 5,853 | | | | 31,548 | | |
Marten Transport, Ltd. (Ground
Transportation) | | | 729 | | | | 13,712 | | |
Masterbrand, Inc.* (Building Products) | | | 1,591 | | | | 28,718 | | |
MasterCraft Boat Holdings, Inc.* (Leisure
Products) | | | 211 | | | | 4,617 | | |
Materion Corp. (Metals & Mining) | | | 258 | | | | 31,071 | | |
Common Stocks, continued
| | | Shares | | Value | |
Mativ Holdings, Inc. (Chemicals) | | | 678 | | | $ | 12,943 | | |
Matrix Service Co.* (Construction &
Engineering) | | | 332 | | | | 3,360 | | |
Matson, Inc. (Marine Transportation) | | | 427 | | | | 56,667 | | |
Matterport, Inc.* (Software) | | | 3,288 | | | | 14,599 | | |
Matthews International Corp.—Class A
(Commercial Services & Supplies) | | | 373 | | | | 10,798 | | |
Maui Land & Pineapple Co., Inc.* (Real
Estate Management & Development) | | | 95 | | | | 2,271 | | |
MaxCyte, Inc.* (Life Sciences Tools &
Services) | | | 1,313 | | | | 6,302 | | |
Maximus, Inc. (Professional Services) | | | 766 | | | | 71,154 | | |
MaxLinear, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 992 | | | | 14,027 | | |
Mayville Engineering Co., Inc.* (Machinery) | | | 160 | | | | 3,058 | | |
MBIA, Inc. (Insurance) | | | 560 | | | | 2,464 | | |
McGrath RentCorp (Trading Companies &
Distributors) | | | 306 | | | | 33,608 | | |
Medallion Financial Corp. (Consumer
Finance) | | | 235 | | | | 1,948 | | |
MediaAlpha, Inc.*—Class A (Interactive
Media & Services) | | | 312 | | | | 4,577 | | |
Medifast, Inc. (Personal Care Products) | | | 135 | | | | 2,961 | | |
MediWound, Ltd.* (Pharmaceuticals) | | | 101 | | | | 1,942 | | |
MeiraGTx Holdings PLC* (Biotechnology) | | | 487 | | | | 2,547 | | |
Mercantile Bank Corp. (Banks) | | | 198 | | | | 9,575 | | |
Merchants Bancorp (Financial Services) | | | 215 | | | | 9,675 | | |
Mercury General Corp. (Insurance) | | | 336 | | | | 20,116 | | |
Mercury Systems, Inc.* (Aerospace &
Defense) | | | 688 | | | | 24,458 | | |
MeridianLink, Inc.* (Software) | | | 339 | | | | 8,011 | | |
Merit Medical Systems, Inc.* (Health Care
Equipment & Supplies) | | | 718 | | | | 61,237 | | |
Meritage Homes Corp. (Household
Durables) | | | 451 | | | | 91,494 | | |
Mersana Therapeutics, Inc.*
(Biotechnology) | | | 1,424 | | | | 2,848 | | |
Mesa Laboratories, Inc. (Life Sciences Tools &
Services) | | | 65 | | | | 7,444 | | |
Metagenomi, Inc.* (Biotechnology) | | | 79 | | | | 307 | | |
Metallus, Inc.* (Metals & Mining) | | | 537 | | | | 12,040 | | |
Metals Acquisition, Ltd.*—Class A (Metals &
Mining) | | | 676 | | | | 8,720 | | |
Methode Electronics, Inc. (Electronic
Equipment, Instruments & Components) | | | 426 | | | | 5,393 | | |
Metrocity Bankshares, Inc. (Banks) | | | 232 | | | | 7,334 | | |
Metropolitan Bank Holding Corp.* (Banks) | | | 133 | | | | 7,013 | | |
MFA Financial, Inc. (Mortgage REITs) | | | 1,285 | | | | 14,379 | | |
MGE Energy, Inc. (Electric Utilities) | | | 458 | | | | 40,231 | | |
MGP Ingredients, Inc. (Beverages) | | | 178 | | | | 14,516 | | |
MicroVision, Inc.* (Electronic Equipment,
Instruments & Components) | | | 2,590 | | | | 2,771 | | |
Mid Penn Bancorp, Inc. (Banks) | | | 188 | | | | 5,574 | | |
Middlefield Banc Corp. (Banks) | | | 91 | | | | 2,453 | | |
Middlesex Water Co. (Water Utilities) | | | 222 | | | | 14,759 | | |
Midland States Bancorp, Inc. (Banks) | | | 264 | | | | 6,267 | | |
MidWestOne Financial Group, Inc. (Banks) | | | 183 | | | | 5,364 | | |
Miller Industries, Inc. (Machinery) | | | 139 | | | | 9,444 | | |
MillerKnoll, Inc. (Commercial Services &
Supplies) | | | 898 | | | | 27,856 | | |
MiMedx Group, Inc.* (Biotechnology) | | | 1,489 | | | | 11,093 | | |
See accompanying notes to the financial statements.
174 :: UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Mind Medicine MindMed, Inc.*
(Pharmaceuticals) | | | 904 | | | $ | 8,371 | | |
Minerals Technologies, Inc. (Chemicals) | | | 403 | | | | 31,587 | | |
Mineralys Therapeutics, Inc.*
(Biotechnology) | | | 358 | | | | 4,436 | | |
Mirion Technologies, Inc.* (Electronic
Equipment, Instruments & Components) | | | 2,509 | | | | 26,445 | | |
Mirum Pharmaceuticals, Inc.*
(Biotechnology) | | | 492 | | | | 19,951 | | |
Mission Produce, Inc.* (Food Products) | | | 546 | | | | 6,137 | | |
Mister Car Wash, Inc.* (Diversified
Consumer Services) | | | 1,176 | | | | 8,938 | | |
Mistras Group, Inc.* (Professional Services) | | | 260 | | | | 2,600 | | |
Mitek Systems, Inc.* (Software) | | | 581 | | | | 7,733 | | |
Modine Manufacturing Co.* (Automobile
Components) | | | 648 | | | | 76,243 | | |
ModivCare, Inc.* (Health Care Providers &
Services) | | | 140 | | | | 3,195 | | |
Moelis & Co.—Class A (Capital Markets) | | | 887 | | | | 60,316 | | |
Monarch Casino & Resort, Inc. (Hotels,
Restaurants & Leisure) | | | 165 | | | | 12,916 | | |
Mondee Holdings, Inc.* (Hotels,
Restaurants & Leisure) | | | 478 | | | | 1,429 | | |
Moneylion, Inc.* (Consumer Finance) | | | 107 | | | | 7,374 | | |
Monro, Inc. (Specialty Retail) | | | 375 | | | | 11,558 | | |
Montauk Renewables, Inc.* (Independent
Power and Renewable Electricity Producers) | | | 829 | | | | 4,924 | | |
Monte Rosa Therapeutics, Inc.*
(Biotechnology) | | | 383 | | | | 1,731 | | |
Montrose Environmental Group, Inc.*
(Commercial Services & Supplies) | | | 399 | | | | 12,724 | | |
Moog, Inc.—Class A (Aerospace &
Defense) | | | 357 | | | | 70,007 | | |
Morphic Holding, Inc.* (Biotechnology) | | | 500 | | | | 28,330 | | |
Movado Group, Inc. (Textiles, Apparel &
Luxury Goods) | | | 189 | | | | 4,895 | | |
Mr. Cooper Group, Inc.* (Financial Services) | | | 801 | | | | 71,994 | | |
MRC Global, Inc.* (Trading Companies &
Distributors) | | | 1,058 | | | | 15,320 | | |
Mueller Industries, Inc. (Machinery) | | | 1,403 | | | | 99,528 | | |
Mueller Water Products, Inc.—Class A
(Machinery) | | | 1,951 | | | | 40,347 | | |
Murphy Oil Corp. (Oil, Gas & Consumable
Fuels) | | | 1,821 | | | | 75,354 | | |
MVB Financial Corp. (Banks) | | | 144 | | | | 3,308 | | |
Myers Industries, Inc. (Containers &
Packaging) | | | 461 | | | | 6,869 | | |
MYR Group, Inc.* (Construction &
Engineering) | | | 209 | | | | 29,360 | | |
Myriad Genetics, Inc.* (Biotechnology) | | | 1,123 | | | | 31,410 | | |
N-able, Inc.* (Software) | | | 897 | | | | 12,504 | | |
Nabors Industries, Ltd.* (Energy Equipment &
Services) | | | 115 | | | | 11,825 | | |
NACCO Industries, Inc.—Class A (Oil, Gas &
Consumable Fuels) | | | 52 | | | | 1,566 | | |
Nano-X Imaging, Ltd.* (Health Care
Equipment & Supplies) | | | 681 | | | | 5,870 | | |
Napco Security Technologies, Inc.
(Electronic Equipment, Instruments &
Components) | | | 442 | | | | 24,668 | | |
Common Stocks, continued
| | | Shares | | Value | |
Nathan's Famous, Inc. (Hotels, Restaurants &
Leisure) | | | 35 | | | $ | 2,627 | | |
National Bank Holdings Corp.—Class A
(Banks) | | | 463 | | | | 19,390 | | |
National Bankshares, Inc. (Banks) | | | 72 | | | | 2,288 | | |
National Beverage Corp. (Beverages) | | | 295 | | | | 14,393 | | |
National CineMedia, Inc.* (Media) | | | 890 | | | | 5,376 | | |
National Health Investors, Inc. (Health Care
REITs) | | | 525 | | | | 39,302 | | |
National HealthCare Corp. (Health Care
Providers & Services) | | | 157 | | | | 21,377 | | |
National Presto Industries, Inc. (Aerospace &
Defense) | | | 65 | | | | 4,971 | | |
National Research Corp. (Health Care
Providers & Services) | | | 192 | | | | 4,894 | | |
National Vision Holdings, Inc.* (Specialty
Retail) | | | 977 | | | | 14,127 | | |
Natural Gas Services Group, Inc.* (Energy
Equipment & Services) | | | 135 | | | | 2,749 | | |
Natural Grocers by Vitamin Cottage, Inc.
(Consumer Staples Distribution & Retail) | | | 117 | | | | 3,192 | | |
Nature's Sunshine Products, Inc.* (Personal
Care Products) | | | 162 | | | | 2,772 | | |
Nautilus Biotechnology, Inc.* (Life Sciences
Tools & Services) | | | 612 | | | | 1,659 | | |
Navient Corp. (Consumer Finance) | | | 1,014 | | | | 16,640 | | |
Navitas Semiconductor Corp.*
(Semiconductors & Semiconductor
Equipment) | | | 1,584 | | | | 5,877 | | |
NB Bancorp, Inc.* (Banks) | | | 489 | | | | 9,350 | | |
NBT Bancorp, Inc. (Banks) | | | 578 | | | | 28,334 | | |
NCR Atleos Corp.* (Financial Services) | | | 906 | | | | 29,128 | | |
NCR Voyix Corp.* (Software) | | | 1,827 | | | | 26,948 | | |
Nektar Therapeutics* (Pharmaceuticals) | | | 2,241 | | | | 3,003 | | |
Nelnet, Inc.—Class A (Consumer Finance) | | | 182 | | | | 20,513 | | |
Neogen Corp.* (Health Care Equipment &
Supplies) | | | 2,739 | | | | 46,645 | | |
NeoGenomics, Inc.* (Health Care Providers &
Services) | | | 1,601 | | | | 28,386 | | |
NerdWallet, Inc.*—Class A (Consumer
Finance) | | | 486 | | | | 7,110 | | |
Nerdy, Inc.* (Diversified Consumer
Services) | | | 914 | | | | 1,581 | | |
NET Lease Office Properties* (Office REITs) | | | 186 | | | | 5,489 | | |
Net Power, Inc.* (Electrical Equipment) | | | 265 | | | | 2,533 | | |
NETGEAR, Inc.* (Communications
Equipment) | | | 355 | | | | 5,637 | | |
NetScout Systems, Inc.* (Communications
Equipment) | | | 869 | | | | 17,684 | | |
NETSTREIT Corp. (Retail REITs) | | | 926 | | | | 15,251 | | |
Neumora Therapeutics, Inc.*
(Pharmaceuticals) | | | 1,056 | | | | 13,580 | | |
Neurogene, Inc.* (Biotechnology) | | | 129 | | | | 5,307 | | |
NeuroPace, Inc.* (Health Care Equipment &
Supplies) | | | 171 | | | | 1,322 | | |
Nevro Corp.* (Health Care Equipment &
Supplies) | | | 454 | | | | 4,508 | | |
New Jersey Resources Corp. (Gas Utilities) | | | 1,233 | | | | 57,643 | | |
New York Community Bancorp, Inc.*
(Banks) | | | 3,184 | | | | 33,496 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraSmall-Cap ProFund :: 175
Common Stocks, continued
| | | Shares | | Value | |
New York Mortgage Trust, Inc. (Mortgage
REITs) | | | 1,139 | | | $ | 7,381 | | |
Newmark Group, Inc.—Class A (Real Estate
Management & Development) | | | 1,715 | | | | 22,261 | | |
Newpark Resources, Inc.* (Energy
Equipment & Services) | | | 1,040 | | | | 8,590 | | |
NewtekOne, Inc. (Financial Services) | | | 292 | | | | 4,085 | | |
NexPoint Diversified Real Estate Trust*
(Diversified REITs) | | | 412 | | | | 2,608 | | |
Nexpoint Real Estate Finance, Inc.
(Mortgage REITs) | | | 103 | | | | 1,486 | | |
NexPoint Residential Trust, Inc. (Residential
REITs) | | | 285 | | | | 12,452 | | |
NextDecade Corp.* (Oil, Gas & Consumable
Fuels) | | | 1,452 | | | | 11,776 | | |
Nextdoor Holdings, Inc.* (Interactive Media &
Services) | | | 2,190 | | | | 6,220 | | |
NextNav, Inc.* (Software) | | | 942 | | | | 7,828 | | |
NEXTracker, Inc.*—Class A (Electrical
Equipment) | | | 1,464 | | | | 71,942 | | |
NI Holdings, Inc.* (Insurance) | | | 98 | | | | 1,609 | | |
Nicolet Bankshares, Inc. (Banks) | | | 167 | | | | 16,794 | | |
Nkarta, Inc.* (Biotechnology) | | | 664 | | | | 4,270 | | |
NL Industries, Inc. (Commercial Services &
Supplies) | | | 106 | | | | 677 | | |
nLight, Inc.* (Electronic Equipment,
Instruments & Components) | | | 577 | | | | 6,964 | | |
NMI Holdings, Inc.* (Financial Services) | | | 996 | | | | 39,193 | | |
NN, Inc.* (Machinery) | | | 578 | | | | 2,266 | | |
Noble Corp. PLC (Energy Equipment &
Services) | | | 1,436 | | | | 67,808 | | |
Nordic American Tankers, Ltd. (Oil, Gas &
Consumable Fuels) | | | 2,559 | | | | 9,545 | | |
Northeast Bank (Banks) | | | 84 | | | | 6,103 | | |
Northeast Community Bancorp, Inc.
(Banks) | | | 155 | | | | 3,531 | | |
Northern Oil and Gas, Inc. (Oil, Gas &
Consumable Fuels) | | | 1,245 | | | | 53,772 | | |
Northern Technologies International Corp.
(Chemicals) | | | 99 | | | | 1,304 | | |
Northfield Bancorp, Inc. (Banks) | | | 493 | | | | 6,167 | | |
Northrim Bancorp, Inc. (Banks) | | | 67 | | | | 4,583 | | |
Northwest Bancshares, Inc. (Banks) | | | 1,600 | | | | 22,464 | | |
Northwest Natural Holding Co. (Gas
Utilities) | | | 476 | | | | 19,030 | | |
Northwest Pipe Co.* (Construction &
Engineering) | | | 122 | | | | 4,654 | | |
Northwestern Energy Group, Inc.
(Multi-Utilities) | | | 774 | | | | 41,618 | | |
Norwood Financial Corp. (Banks) | | | 94 | | | | 2,771 | | |
Novagold Resources, Inc.* (Metals &
Mining) | | | 3,062 | | | | 14,636 | | |
Novanta, Inc.* (Electronic Equipment,
Instruments & Components) | | | 450 | | | | 81,531 | | |
Novavax, Inc.* (Biotechnology) | | | 1,773 | | | | 22,712 | | |
Novocure, Ltd.* (Health Care Equipment &
Supplies) | | | 1,337 | | | | 30,443 | | |
Nu Skin Enterprises, Inc.—Class A
(Personal Care Products) | | | 623 | | | | 6,990 | | |
Nurix Therapeutics, Inc.* (Biotechnology) | | | 760 | | | | 16,629 | | |
Common Stocks, continued
| | | Shares | | Value | |
NuScale Power Corp.* (Electrical
Equipment) | | | 974 | | | $ | 9,954 | | |
Nuvalent, Inc.*—Class A (Biotechnology) | | | 401 | | | | 32,056 | | |
Nuvation Bio, Inc.* (Pharmaceuticals) | | | 2,253 | | | | 8,629 | | |
NV5 Global, Inc.* (Professional Services) | | | 179 | | | | 18,462 | | |
NVE Corp. (Semiconductors &
Semiconductor Equipment) | | | 60 | | | | 5,358 | | |
Oak Valley Bancorp (Banks) | | | 86 | | | | 2,448 | | |
Oceaneering International, Inc.* (Energy
Equipment & Services) | | | 1,269 | | | | 38,095 | | |
OceanFirst Financial Corp. (Banks) | | | 722 | | | | 13,119 | | |
Ocugen, Inc.* (Biotechnology) | | | 3,212 | | | | 4,513 | | |
Ocular Therapeutix, Inc.* (Pharmaceuticals) | | | 1,953 | | | | 16,522 | | |
Offerpad Solutions, Inc.* (Real Estate
Management & Development) | | | 131 | | | | 582 | | |
OFG Bancorp (Banks) | | | 584 | | | | 26,525 | | |
O-I Glass, Inc.* (Containers & Packaging) | | | 1,945 | | | | 25,984 | | |
Oil States International, Inc.* (Energy
Equipment & Services) | | | 771 | | | | 4,410 | | |
Oil-Dri Corp. of America (Household
Products) | | | 61 | | | | 3,971 | | |
Olaplex Holdings, Inc.* (Personal Care
Products) | | | 1,741 | | | | 3,621 | | |
Old National Bancorp (Banks) | | | 3,950 | | | | 79,078 | | |
Old Second Bancorp, Inc. (Banks) | | | 547 | | | | 9,255 | | |
Olema Pharmaceuticals, Inc.*
(Biotechnology) | | | 501 | | | | 8,096 | | |
Olo, Inc.*—Class A (Software) | | | 1,315 | | | | 6,286 | | |
Olympic Steel, Inc. (Metals & Mining) | | | 139 | | | | 7,045 | | |
Omega Flex, Inc. (Machinery) | | | 45 | | | | 2,366 | | |
Omeros Corp.* (Pharmaceuticals) | | | 702 | | | | 3,784 | | |
OmniAb, Inc.* (Life Sciences Tools &
Services) | | | 1,159 | | | | 5,552 | | |
Omnicell, Inc.* (Health Care Equipment &
Supplies) | | | 573 | | | | 16,737 | | |
ON24, Inc.* (Software) | | | 346 | | | | 2,273 | | |
ONE Gas, Inc. (Gas Utilities) | | | 707 | | | | 49,228 | | |
One Liberty Properties, Inc. (Diversified
REITs) | | | 199 | | | | 5,252 | | |
OneSpan, Inc.* (Software) | | | 475 | | | | 7,030 | | |
OneSpaWorld Holdings, Ltd.* (Diversified
Consumer Services) | | | 1,261 | | | | 20,289 | | |
OneWater Marine, Inc.* (Specialty Retail) | | | 150 | | | | 3,702 | | |
Onity Group, Inc.* (Financial Services) | | | 81 | | | | 2,368 | | |
Ooma, Inc.* (Diversified Telecommunication
Services) | | | 310 | | | | 3,224 | | |
Open Lending Corp.* (Capital Markets) | | | 1,283 | | | | 8,083 | | |
Opendoor Technologies, Inc.* (Real Estate
Management & Development) | | | 7,779 | | | | 18,047 | | |
OPENLANE, Inc.* (Commercial Services &
Supplies) | | | 1,348 | | | | 24,102 | | |
OPKO Health, Inc.* (Health Care Providers &
Services) | | | 4,089 | | | | 5,806 | | |
OppFi, Inc. (Consumer Finance) | | | 227 | | | | 876 | | |
OptimizeRx Corp.* (Health Care
Technology) | | | 221 | | | | 2,411 | | |
Option Care Health, Inc.* (Health Care
Providers & Services) | | | 2,189 | | | | 64,991 | | |
Orange County Bancorp, Inc. (Banks) | | | 64 | | | | 3,980 | | |
OraSure Technologies, Inc.* (Health Care
Equipment & Supplies) | | | 937 | | | | 4,198 | | |
See accompanying notes to the financial statements.
176 :: UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Orchestra BioMed Holdings, Inc.* (Health
Care Equipment & Supplies) | | | 292 | | | $ | 2,155 | | |
Orchid Island Capital, Inc. (Mortgage REITs) | | | 667 | | | | 5,363 | | |
Organogenesis Holdings, Inc.*
(Biotechnology) | | | 906 | | | | 2,736 | | |
ORIC Pharmaceuticals, Inc.*
(Biotechnology) | | | 773 | | | | 8,658 | | |
Origin Bancorp, Inc. (Banks) | | | 369 | | | | 12,679 | | |
Orion Group Holdings, Inc.* (Construction &
Engineering) | | | 385 | | | | 3,161 | | |
Orion Office REIT, Inc. (Office REITs) | | | 705 | | | | 2,855 | | |
Orion SA (Chemicals) | | | 723 | | | | 17,800 | | |
Ormat Technologies, Inc. (Independent
Power and Renewable Electricity Producers) | | | 678 | | | | 52,640 | | |
Orrstown Financial Services, Inc. (Banks) | | | 230 | | | | 8,087 | | |
Orthofix Medical, Inc.* (Health Care
Equipment & Supplies) | | | 423 | | | | 6,802 | | |
OrthoPediatrics Corp.* (Health Care
Equipment & Supplies) | | | 206 | | | | 6,341 | | |
Oscar Health, Inc.*—Class A (Insurance) | | | 2,441 | | | | 43,157 | | |
OSI Systems, Inc.* (Electronic Equipment,
Instruments & Components) | | | 203 | | | | 30,040 | | |
Otter Tail Corp. (Electric Utilities) | | | 519 | | | | 50,301 | | |
Ouster, Inc.* (Electronic Equipment,
Instruments & Components) | | | 543 | | | | 7,130 | | |
Outbrain, Inc.* (Interactive Media &
Services) | | | 484 | | | | 2,314 | | |
Outfront Media, Inc. (Specialized REITs) | | | 1,858 | | | | 30,137 | | |
Outlook Therapeutics, Inc.* (Biotechnology) | | | 99 | | | | 767 | | |
Ovid Therapeutics, Inc.* (Biotechnology) | | | 739 | | | | 769 | | |
Owens & Minor, Inc.* (Health Care
Providers & Services) | | | 947 | | | | 15,550 | | |
Oxford Industries, Inc. (Textiles, Apparel &
Luxury Goods) | | | 186 | | | | 19,591 | | |
P10, Inc.—Class A (Capital Markets) | | | 523 | | | | 5,214 | | |
Pacific Biosciences of California, Inc.* (Life
Sciences Tools & Services) | | | 3,434 | | | | 7,074 | | |
Pacific Premier Bancorp, Inc. (Banks) | | | 1,203 | | | | 32,553 | | |
Pacira BioSciences, Inc.* (Pharmaceuticals) | | | 575 | | | | 11,874 | | |
PACS Group, Inc.* (Health Care Providers &
Services) | | | 312 | | | | 11,170 | | |
Pactiv Evergreen, Inc. (Containers &
Packaging) | | | 508 | | | | 6,675 | | |
Pagaya Technologies, Ltd.*—Class A
(Software) | | | 507 | | | | 7,544 | | |
PagerDuty, Inc.* (Software) | | | 1,120 | | | | 23,442 | | |
Pagseguro Digital, Ltd.*—Class A (Financial
Services) | | | 2,367 | | | | 30,250 | | |
Palomar Holdings, Inc.* (Insurance) | | | 307 | | | | 28,247 | | |
PAM Transportation Services, Inc.* (Ground
Transportation) | | | 76 | | | | 1,550 | | |
Pangaea Logistics Solutions, Ltd. (Marine
Transportation) | | | 393 | | | | 2,853 | | |
Papa John's International, Inc. (Hotels,
Restaurants & Leisure) | | | 417 | | | | 18,444 | | |
Par Pacific Holdings, Inc.* (Oil, Gas &
Consumable Fuels) | | | 719 | | | | 19,089 | | |
PAR Technology Corp.* (Electronic
Equipment, Instruments & Components) | | | 423 | | | | 21,421 | | |
Paragon 28, Inc.* (Health Care Equipment &
Supplies) | | | 592 | | | | 4,612 | | |
Common Stocks, continued
| | | Shares | | Value | |
Paramount Group, Inc. (Office REITs) | | | 2,316 | | | $ | 12,136 | | |
Park Aerospace Corp. (Aerospace &
Defense) | | | 233 | | | | 3,125 | | |
Park National Corp. (Banks) | | | 181 | | | | 32,030 | | |
Parke Bancorp, Inc. (Banks) | | | 132 | | | | 2,582 | | |
Park-Ohio Holdings Corp. (Machinery) | | | 108 | | | | 3,372 | | |
Pathward Financial, Inc. (Banks) | | | 321 | | | | 21,680 | | |
Patria Investments, Ltd.—Class A (Capital
Markets) | | | 690 | | | | 8,977 | | |
Patrick Industries, Inc. (Automobile
Components) | | | 271 | | | | 34,704 | | |
Patterson Cos., Inc. (Health Care Providers &
Services) | | | 1,010 | | | | 25,503 | | |
Patterson-UTI Energy, Inc. (Energy
Equipment & Services) | | | 5,012 | | | | 55,082 | | |
Payoneer Global, Inc.* (Financial Services) | | | 3,556 | | | | 19,665 | | |
Paysafe, Ltd.* (Financial Services) | | | 404 | | | | 8,480 | | |
Paysign, Inc.* (Financial Services) | | | 413 | | | | 2,201 | | |
PBF Energy, Inc.—Class A (Oil, Gas &
Consumable Fuels) | | | 1,304 | | | | 53,138 | | |
PC Connection, Inc. (Electronic Equipment,
Instruments & Components) | | | 145 | | | | 10,378 | | |
PCB Bancorp (Banks) | | | 137 | | | | 2,640 | | |
PDF Solutions, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 391 | | | | 13,720 | | |
Peabody Energy Corp. (Oil, Gas &
Consumable Fuels) | | | 1,607 | | | | 35,691 | | |
Peakstone Realty Trust (Office REITs) | | | 458 | | | | 6,220 | | |
Peapack-Gladstone Financial Corp. (Banks) | | | 210 | | | | 5,935 | | |
Pebblebrook Hotel Trust (Hotel & Resort
REITs) | | | 1,499 | | | | 20,521 | | |
Pediatrix Medical Group, Inc.* (Health Care
Providers & Services) | | | 1,059 | | | | 8,832 | | |
Peloton Interactive, Inc.*—Class A (Leisure
Products) | | | 4,246 | | | | 15,116 | | |
PennyMac Financial Services, Inc.
(Financial Services) | | | 336 | | | | 32,968 | | |
PennyMac Mortgage Investment Trust
(Mortgage REITs) | | | 1,091 | | | | 15,023 | | |
Peoples Bancorp of North Carolina, Inc.
(Banks) | | | 57 | | | | 1,811 | | |
Peoples Bancorp, Inc. (Banks) | | | 434 | | | | 14,439 | | |
Peoples Financial Services Corp. (Banks) | | | 116 | | | | 5,762 | | |
PepGen, Inc.* (Biotechnology) | | | 195 | | | | 2,229 | | |
Perdoceo Education Corp. (Diversified
Consumer Services) | | | 823 | | | | 20,402 | | |
Perella Weinberg Partners (Capital Markets) | | | 660 | | | | 12,474 | | |
Perficient, Inc.* (IT Services) | | | 436 | | | | 32,878 | | |
Performant Financial Corp.* (Commercial
Services & Supplies) | | | 888 | | | | 3,294 | | |
Perimeter Solutions SA* (Chemicals) | | | 1,680 | | | | 16,279 | | |
Perma-Fix Environmental Services, Inc.*
(Commercial Services & Supplies) | | | 158 | | | | 2,005 | | |
Perpetua Resources Corp.* (Metals &
Mining) | | | 483 | | | | 3,280 | | |
Perspective Therapeutics, Inc.*
(Biotechnology) | | | 591 | | | | 8,038 | | |
Petco Health & Wellness Co., Inc.*
(Specialty Retail) | | | 1,042 | | | | 3,605 | | |
PetIQ, Inc.* (Health Care Providers &
Services) | | | 339 | | | | 7,417 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraSmall-Cap ProFund :: 177
Common Stocks, continued
| | | Shares | | Value | |
Phathom Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 428 | | | $ | 5,059 | | |
Phibro Animal Health Corp.—Class A
(Pharmaceuticals) | | | 256 | | | | 4,833 | | |
Phillips Edison & Co., Inc. (Retail REITs) | | | 1,541 | | | | 54,090 | | |
Phinia, Inc. (Automobile Components) | | | 570 | | | | 25,479 | | |
Photronics, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 774 | | | | 19,667 | | |
Phreesia, Inc.* (Health Care Technology) | | | 639 | | | | 15,943 | | |
Piedmont Lithium, Inc.* (Metals & Mining) | | | 227 | | | | 2,275 | | |
Piedmont Office Realty Trust, Inc.—Class A
(Office REITs) | | | 1,550 | | | | 13,408 | | |
Pioneer Bancorp, Inc.* (Banks) | | | 146 | | | | 1,628 | | |
Piper Sandler Cos. (Capital Markets) | | | 218 | | | | 59,575 | | |
Pitney Bowes, Inc. (Commercial Services &
Supplies) | | | 2,016 | | | | 13,306 | | |
PJT Partners, Inc.—Class A (Capital
Markets) | | | 296 | | | | 39,350 | | |
Planet Labs PBC* (Professional Services) | | | 2,116 | | | | 5,375 | | |
PlayAGS, Inc.* (Hotels, Restaurants &
Leisure) | | | 493 | | | | 5,645 | | |
Playstudios, Inc.* (Entertainment) | | | 1,105 | | | | 2,398 | | |
Plexus Corp.* (Electronic Equipment,
Instruments & Components) | | | 341 | | | | 43,706 | | |
Pliant Therapeutics, Inc.* (Pharmaceuticals) | | | 715 | | | | 10,232 | | |
Plug Power, Inc.* (Electrical Equipment) | | | 7,923 | | | | 19,570 | | |
Plumas Bancorp (Banks) | | | 69 | | | | 2,986 | | |
Plymouth Industrial REIT, Inc. (Industrial
REITs) | | | 503 | | | | 12,032 | | |
Ponce Financial Group, Inc.* (Banks) | | | 243 | | | | 2,406 | | |
Porch Group, Inc.* (Software) | | | 969 | | | | 1,986 | | |
Portillo's, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 678 | | | | 7,024 | | |
Portland General Electric Co. (Electric
Utilities) | | | 1,276 | | | | 60,456 | | |
Poseida Therapeutics, Inc.* (Biotechnology) | | | 862 | | | | 3,043 | | |
Postal Realty Trust, Inc.—Class A (Office
REITs) | | | 270 | | | | 4,039 | | |
Potbelly Corp.* (Hotels, Restaurants &
Leisure) | | | 345 | | | | 2,519 | | |
PotlatchDeltic Corp. (Specialized REITs) | | | 997 | | | | 44,226 | | |
Powell Industries, Inc. (Electrical
Equipment) | | | 117 | | | | 21,485 | | |
Power Integrations, Inc. (Semiconductors &
Semiconductor Equipment) | | | 711 | | | | 51,931 | | |
Powerfleet, Inc.* (Electronic Equipment,
Instruments & Components) | | | 1,136 | | | | 5,146 | | |
PowerSchool Holdings, Inc.* (Software) | | | 748 | | | | 16,875 | | |
PRA Group, Inc.* (Consumer Finance) | | | 487 | | | | 12,979 | | |
Prairie Operating Co.* (Software) | | | 53 | | | | 511 | | |
Praxis Precision Medicines, Inc.*
(Biotechnology) | | | 216 | | | | 12,465 | | |
Precigen, Inc.* (Biotechnology) | | | 1,589 | | | | 2,415 | | |
Preferred Bank (Banks) | | | 156 | | | | 13,425 | | |
Preformed Line Products Co. (Electrical
Equipment) | | | 31 | | | | 4,274 | | |
Prelude Therapeutics, Inc.* (Biotechnology) | | | 165 | | | | 1,051 | | |
Premier Financial Corp. (Banks) | | | 444 | | | | 11,251 | | |
Prestige Consumer Healthcare, Inc.*
(Pharmaceuticals) | | | 622 | | | | 44,044 | | |
Common Stocks, continued
| | | Shares | | Value | |
PriceSmart, Inc. (Consumer Staples
Distribution & Retail) | | | 315 | | | $ | 28,769 | | |
Prime Medicine, Inc.* (Biotechnology) | | | 712 | | | | 3,994 | | |
PrimeEnergy Resources Corp.* (Oil, Gas &
Consumable Fuels) | | | 9 | | | | 1,063 | | |
Primis Financial Corp. (Banks) | | | 254 | | | | 3,353 | | |
Primo Water Corp. (Beverages) | | | 1,982 | | | | 43,466 | | |
Primoris Services Corp. (Construction &
Engineering) | | | 671 | | | | 37,891 | | |
Princeton Bancorp, Inc. (Banks) | | | 64 | | | | 2,504 | | |
Priority Technology Holdings, Inc.*
(Financial Services) | | | 228 | | | | 1,352 | | |
Privia Health Group, Inc.* (Health Care
Providers & Services) | | | 1,281 | | | | 26,568 | | |
ProAssurance Corp.* (Insurance) | | | 678 | | | | 8,882 | | |
PROCEPT BioRobotics Corp.* (Health Care
Equipment & Supplies) | | | 532 | | | | 33,686 | | |
ProFrac Holding Corp.*—Class A (Energy
Equipment & Services) | | | 279 | | | | 2,592 | | |
PROG Holdings, Inc. (Consumer Finance) | | | 532 | | | | 23,972 | | |
Progress Software Corp. (Software) | | | 539 | | | | 31,478 | | |
Progyny, Inc.* (Health Care Providers &
Services) | | | 1,060 | | | | 29,892 | | |
ProKidney Corp.* (Biotechnology) | | | 791 | | | | 1,851 | | |
ProPetro Holding Corp.* (Energy Equipment &
Services) | | | 1,140 | | | | 10,933 | | |
PROS Holdings, Inc.* (Software) | | | 574 | | | | 13,833 | | |
Protagonist Therapeutics, Inc.*
(Biotechnology) | | | 734 | | | | 27,481 | | |
Prothena Corp. PLC* (Biotechnology) | | | 534 | | | | 12,432 | | |
Proto Labs, Inc.* (Machinery) | | | 322 | | | | 11,212 | | |
Provident Bancorp, Inc.* (Banks) | | | 197 | | | | 2,145 | | |
Provident Financial Services, Inc. (Banks) | | | 1,581 | | | | 29,312 | | |
PTC Therapeutics, Inc.* (Biotechnology) | | | 958 | | | | 32,428 | | |
PubMatic, Inc.*—Class A (Media) | | | 525 | | | | 11,529 | | |
Pulmonx Corp.* (Health Care Equipment &
Supplies) | | | 476 | | | | 3,289 | | |
Pulse Biosciences, Inc.* (Health Care
Equipment & Supplies) | | | 230 | | | | 3,441 | | |
Puma Biotechnology, Inc.* (Biotechnology) | | | 520 | | | | 1,864 | | |
Pure Cycle Corp.* (Water Utilities) | | | 261 | | | | 2,871 | | |
PureCycle Technologies, Inc.* (Chemicals) | | | 1,548 | | | | 11,935 | | |
Purple Innovation, Inc.* (Household
Durables) | | | 714 | | | | 985 | | |
Pyxis Oncology, Inc.* (Biotechnology) | | | 613 | | | | 2,403 | | |
Q2 Holdings, Inc.* (Software) | | | 739 | | | | 49,860 | | |
Q32 Bio, Inc.* (Biotechnology) | | | 76 | | | | 2,894 | | |
QCR Holdings, Inc. (Banks) | | | 206 | | | | 15,747 | | |
Quad/Graphics, Inc. (Commercial Services &
Supplies) | | | 378 | | | | 1,727 | | |
Quaker Chemical Corp. (Chemicals) | | | 176 | | | | 31,956 | | |
Qualys, Inc.* (Software) | | | 466 | | | | 69,499 | | |
Quanex Building Products Corp. (Building
Products) | | | 567 | | | | 18,938 | | |
Quanterix Corp.* (Life Sciences Tools &
Services) | | | 451 | | | | 6,657 | | |
Quantum-Si, Inc.* (Life Sciences Tools &
Services) | | | 1,257 | | | | 1,370 | | |
Quest Resource Holding Corp.* (Commercial
Services & Supplies) | | | 217 | | | | 1,831 | | |
See accompanying notes to the financial statements.
178 :: UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
QuickLogic Corp.* (Semiconductors &
Semiconductor Equipment) | | | 173 | | | $ | 1,868 | | |
QuinStreet, Inc.* (Interactive Media &
Services) | | | 661 | | | | 12,361 | | |
Quipt Home Medical Corp.* (Health Care
Providers & Services) | | | 513 | | | | 1,980 | | |
Qurate Retail, Inc.*—Class B (Broadline
Retail) | | | 13 | | | | 52 | | |
Rackspace Technology, Inc.* (IT Services) | | | 839 | | | | 1,963 | | |
Radian Group, Inc. (Financial Services) | | | 1,903 | | | | 70,601 | | |
Radiant Logistics, Inc.* (Air Freight &
Logistics) | | | 446 | | | | 2,774 | | |
Radius Recycling, Inc. (Metals & Mining) | | | 331 | | | | 5,998 | | |
RadNet, Inc.* (Health Care Providers &
Services) | | | 830 | | | | 49,593 | | |
Ramaco Resources, Inc.—Class A (Metals &
Mining) | | | 333 | | | | 4,529 | | |
Ramaco Resources, Inc.—Class B (Metals &
Mining) | | | 63 | | | | 736 | | |
Rambus, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 1,367 | | | | 70,319 | | |
Ranger Energy Services, Inc. (Energy
Equipment & Services) | | | 209 | | | | 2,711 | | |
Ranpak Holdings Corp.* (Containers &
Packaging) | | | 539 | | | | 3,892 | | |
Rapid7, Inc.* (Software) | | | 777 | | | | 30,567 | | |
RAPT Therapeutics, Inc.* (Biotechnology) | | | 377 | | | | 1,184 | | |
Rayonier Advanced Materials, Inc.*
(Chemicals) | | | 804 | | | | 5,347 | | |
RBB Bancorp (Banks) | | | 214 | | | | 4,937 | | |
RCI Hospitality Holdings, Inc. (Hotels,
Restaurants & Leisure) | | | 109 | | | | 5,393 | | |
RE/MAX Holdings, Inc. (Real Estate
Management & Development) | | | 225 | | | | 2,171 | | |
Ready Capital Corp. (Mortgage REITs) | | | 2,029 | | | | 18,829 | | |
Recursion Pharmaceuticals, Inc.*—Class A
(Biotechnology) | | | 2,595 | | | | 21,279 | | |
Red River Bancshares, Inc. (Banks) | | | 59 | | | | 3,287 | | |
Red Rock Resorts, Inc.—Class A (Hotels,
Restaurants & Leisure) | | | 618 | | | | 35,226 | | |
Red Violet, Inc.* (Software) | | | 139 | | | | 3,581 | | |
Redfin Corp.* (Real Estate Management &
Development) | | | 1,472 | | | | 11,982 | | |
Redwire Corp.* (Aerospace & Defense) | | | 282 | | | | 1,997 | | |
Redwood Trust, Inc. (Mortgage REITs) | | | 1,653 | | | | 12,017 | | |
REGENXBIO, Inc.* (Biotechnology) | | | 578 | | | | 8,237 | | |
Regional Management Corp. (Consumer
Finance) | | | 102 | | | | 3,335 | | |
Regulus Therapeutics, Inc.* (Biotechnology) | | | 793 | | | | 1,427 | | |
Rekor Systems, Inc.* (Software) | | | 892 | | | | 1,623 | | |
Relay Therapeutics, Inc.* (Biotechnology) | | | 1,249 | | | | 10,267 | | |
Remitly Global, Inc.* (Financial Services) | | | 1,821 | | | | 24,055 | | |
Renasant Corp. (Banks) | | | 695 | | | | 23,901 | | |
Renovaro, Inc.* (Biotechnology) | | | 612 | | | | 447 | | |
Repay Holdings Corp.* (Financial Services) | | | 1,136 | | | | 10,928 | | |
Replimune Group, Inc.* (Biotechnology) | | | 631 | | | | 6,310 | | |
ReposiTrak, Inc. (Software) | | | 147 | | | | 2,809 | | |
Republic Bancorp, Inc.—Class A (Banks) | | | 104 | | | | 6,824 | | |
Reservoir Media, Inc.* (Entertainment) | | | 244 | | | | 1,942 | | |
Resideo Technologies, Inc.* (Building
Products) | | | 1,834 | | | | 41,668 | | |
Common Stocks, continued
| | | Shares | | Value | |
Resources Connection, Inc. (Professional
Services) | | | 406 | | | $ | 4,844 | | |
Retail Opportunity Investments Corp. (Retail
REITs) | | | 1,556 | | | | 23,262 | | |
REV Group, Inc. (Machinery) | | | 645 | | | | 18,821 | | |
Revance Therapeutics, Inc.*
(Pharmaceuticals) | | | 1,307 | | | | 4,940 | | |
REVOLUTION Medicines, Inc.*
(Biotechnology) | | | 1,913 | | | | 87,310 | | |
Revolve Group, Inc.* (Specialty Retail) | | | 482 | | | | 9,327 | | |
REX American Resources Corp.* (Oil, Gas &
Consumable Fuels) | | | 193 | | | | 9,806 | | |
RGC Resources, Inc. (Gas Utilities) | | | 104 | | | | 2,341 | | |
Rhythm Pharmaceuticals, Inc.*
(Biotechnology) | | | 687 | | | | 33,120 | | |
Ribbon Communications, Inc.*
(Communications Equipment) | | | 1,137 | | | | 3,854 | | |
Richardson Electronics, Ltd. (Electronic
Equipment, Instruments & Components) | | | 154 | | | | 1,843 | | |
Rigel Pharmaceuticals, Inc.*
(Biotechnology) | | | 219 | | | | 2,317 | | |
Rigetti Computing, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 1,776 | | | | 1,829 | | |
Riley Exploration Permian, Inc. (Oil, Gas &
Consumable Fuels) | | | 143 | | | | 4,188 | | |
Rimini Street, Inc.* (Software) | | | 666 | | | | 1,479 | | |
Ring Energy, Inc.* (Oil, Gas & Consumable
Fuels) | | | 1,860 | | | | 3,664 | | |
Riot Platforms, Inc.* (Software) | | | 3,407 | | | | 34,717 | | |
RLJ Lodging Trust (Hotel & Resort REITs) | | | 1,913 | | | | 18,059 | | |
Roadzen, Inc.* (Software) | | | 190 | | | | 293 | | |
Rocket Lab USA, Inc.* (Aerospace &
Defense) | | | 4,368 | | | | 22,888 | | |
Rocket Pharmaceuticals, Inc.*
(Biotechnology) | | | 826 | | | | 19,989 | | |
Rocky Brands, Inc. (Textiles, Apparel &
Luxury Goods) | | | 91 | | | | 3,119 | | |
Rogers Corp.* (Electronic Equipment,
Instruments & Components) | | | 236 | | | | 28,834 | | |
Root, Inc.*—Class A (Insurance) | | | 108 | | | | 6,505 | | |
RPC, Inc. (Energy Equipment & Services) | | | 1,067 | | | | 7,970 | | |
RumbleON, Inc.*—Class B (Specialty Retail) | | | 202 | | | | 832 | | |
Rush Enterprises, Inc.—Class A (Trading
Companies & Distributors) | | | 764 | | | | 38,972 | | |
Rush Enterprises, Inc.—Class B (Trading
Companies & Distributors) | | | 111 | | | | 5,248 | | |
Rush Street Interactive, Inc.* (Hotels,
Restaurants & Leisure) | | | 954 | | | | 9,550 | | |
RXO, Inc.* (Ground Transportation) | | | 1,464 | | | | 46,423 | | |
RxSight, Inc.* (Health Care Equipment &
Supplies) | | | 427 | | | | 19,544 | | |
Ryerson Holding Corp. (Metals & Mining) | | | 365 | | | | 8,683 | | |
Ryman Hospitality Properties, Inc. (Hotel &
Resort REITs) | | | 736 | | | | 73,975 | | |
S&T Bancorp, Inc. (Banks) | | | 478 | | | | 21,214 | | |
Sable Offshore Corp.* (Oil, Gas &
Consumable Fuels) | | | 633 | | | | 10,647 | | |
Sabra Health Care REIT, Inc. (Health Care
REITs) | | | 2,905 | | | | 47,147 | | |
Sabre Corp.* (Hotels, Restaurants &
Leisure) | | | 4,722 | | | | 16,196 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraSmall-Cap ProFund :: 179
Common Stocks, continued
| | | Shares | | Value | |
Safe Bulkers, Inc. (Marine Transportation) | | | 793 | | | $ | 4,013 | | |
Safehold, Inc. (Specialized REITs) | | | 650 | | | | 15,041 | | |
Safety Insurance Group, Inc. (Insurance) | | | 184 | | | | 15,741 | | |
Sage Therapeutics, Inc.* (Biotechnology) | | | 676 | | | | 7,402 | | |
Sally Beauty Holdings, Inc.* (Specialty
Retail) | | | 1,311 | | | | 15,011 | | |
Sana Biotechnology, Inc.* (Biotechnology) | | | 1,660 | | | | 10,109 | | |
Sanara Medtech, Inc.* (Health Care
Equipment & Supplies) | | | 50 | | | | 1,595 | | |
SandRidge Energy, Inc. (Oil, Gas &
Consumable Fuels) | | | 404 | | | | 5,490 | | |
Sandy Spring Bancorp, Inc. (Banks) | | | 552 | | | | 16,908 | | |
Sanmina Corp.* (Electronic Equipment,
Instruments & Components) | | | 688 | | | | 51,827 | | |
Sapiens International Corp. N.V. (Software) | | | 386 | | | | 15,015 | | |
Saul Centers, Inc. (Retail REITs) | | | 132 | | | | 5,221 | | |
Savara, Inc.* (Biotechnology) | | | 1,217 | | | | 5,598 | | |
Savers Value Village, Inc.* (Broadline Retail) | | | 294 | | | | 2,996 | | |
ScanSource, Inc.* (Electronic Equipment,
Instruments & Components) | | | 314 | | | | 16,344 | | |
Scholar Rock Holding Corp.*
(Biotechnology) | | | 860 | | | | 7,809 | | |
Scholastic Corp. (Media) | | | 295 | | | | 9,242 | | |
Schrodinger, Inc.* (Health Care Technology) | | | 698 | | | | 15,551 | | |
Scilex Holding Co.* (Pharmaceuticals) | | | 1,025 | | | | 1,630 | | |
Scorpio Tankers, Inc. (Oil, Gas &
Consumable Fuels) | | | 588 | | | | 45,088 | | |
scPharmaceuticals, Inc.* (Pharmaceuticals) | | | 356 | | | | 1,791 | | |
Seacoast Banking Corp. of Florida (Banks) | | | 1,061 | | | | 29,538 | | |
SEACOR Marine Holdings, Inc.* (Energy
Equipment & Services) | | | 306 | | | | 4,241 | | |
Seadrill, Ltd.* (Energy Equipment &
Services) | | | 934 | | | | 51,379 | | |
Select Medical Holdings Corp. (Health Care
Providers & Services) | | | 1,342 | | | | 53,358 | | |
Select Water Solutions, Inc. (Energy
Equipment & Services) | | | 1,145 | | | | 13,534 | | |
Selective Insurance Group, Inc. (Insurance) | | | 764 | | | | 69,003 | | |
Selectquote, Inc.* (Insurance) | | | 1,680 | | | | 6,871 | | |
Semler Scientific, Inc.* (Health Care
Equipment & Supplies) | | | 60 | | | | 1,989 | | |
SEMrush Holdings, Inc.*—Class A
(Software) | | | 455 | | | | 6,707 | | |
Semtech Corp.* (Semiconductors &
Semiconductor Equipment) | | | 813 | | | | 25,788 | | |
Seneca Foods Corp.*—Class A (Food
Products) | | | 60 | | | | 3,620 | | |
Sensient Technologies Corp. (Chemicals) | | | 529 | | | | 41,288 | | |
Sera Prognostics, Inc.*—Class A
(Biotechnology) | | | 346 | | | | 2,868 | | |
Service Properties Trust (Hotel & Resort
REITs) | | | 2,071 | | | | 11,743 | | |
ServisFirst Bancshares, Inc. (Banks) | | | 637 | | | | 51,113 | | |
SES AI Corp.* (Electrical Equipment) | | | 1,635 | | | | 2,011 | | |
Seven Hills Realty Trust (Mortgage REITs) | | | 161 | | | | 2,156 | | |
Sezzle, Inc.* (Financial Services) | | | 30 | | | | 2,624 | | |
SFL Corp., Ltd. (Oil, Gas & Consumable
Fuels) | | | 1,415 | | | | 16,754 | | |
Shake Shack, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 477 | | | | 41,796 | | |
Shattuck Labs, Inc.* (Biotechnology) | | | 491 | | | | 1,954 | | |
Common Stocks, continued
| | | Shares | | Value | |
Shenandoah Telecommunications Co.
(Diversified Telecommunication Services) | | | 611 | | | $ | 13,008 | | |
Shoals Technologies Group, Inc.*—Class A
(Electrical Equipment) | | | 2,153 | | | | 13,995 | | |
Shoe Carnival, Inc. (Specialty Retail) | | | 224 | | | | 9,513 | | |
Shore Bancshares, Inc. (Banks) | | | 385 | | | | 5,590 | | |
Shutterstock, Inc. (Interactive Media &
Services) | | | 314 | | | | 13,885 | | |
SI-BONE, Inc.* (Health Care Equipment &
Supplies) | | | 511 | | | | 7,767 | | |
Sierra Bancorp (Banks) | | | 166 | | | | 4,829 | | |
SIGA Technologies, Inc. (Pharmaceuticals) | | | 581 | | | | 5,798 | | |
Sight Sciences, Inc.* (Health Care
Equipment & Supplies) | | | 441 | | | | 3,431 | | |
Signet Jewelers, Ltd. (Specialty Retail) | | | 536 | | | | 45,094 | | |
Silicon Laboratories, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 398 | | | | 47,812 | | |
Silk Road Medical, Inc.* (Health Care
Equipment & Supplies) | | | 492 | | | | 13,289 | | |
Silvercrest Asset Management Group,
Inc.—Class A (Capital Markets) | | | 119 | | | | 2,110 | | |
Simmons First National Corp.—Class A
(Banks) | | | 1,558 | | | | 33,544 | | |
Simulations Plus, Inc. (Health Care
Technology) | | | 199 | | | | 8,127 | | |
Sinclair, Inc. (Media) | | | 402 | | | | 6,183 | | |
SiriusPoint, Ltd.* (Insurance) | | | 1,238 | | | | 17,790 | | |
SITE Centers Corp. (Retail REITs) | | | 2,385 | | | | 36,848 | | |
SiTime Corp.* (Semiconductors &
Semiconductor Equipment) | | | 231 | | | | 32,790 | | |
Sitio Royalties Corp.—Class A (Oil, Gas &
Consumable Fuels) | | | 1,038 | | | | 25,275 | | |
Six Flags Entertainment Corp.* (Hotels,
Restaurants & Leisure) | | | 532 | | | | 25,339 | | |
SJW Group (Water Utilities) | | | 406 | | | | 24,608 | | |
Sky Harbour Group Corp.* (Transportation
Infrastructure) | | | 142 | | | | 1,456 | | |
Skye Bioscience, Inc.* (Biotechnology) | | | 216 | | | | 1,117 | | |
Skyline Champion Corp.* (Household
Durables) | | | 674 | | | | 54,938 | | |
Skyward Specialty Insurance Group, Inc.*
(Insurance) | | | 466 | | | | 18,440 | | |
SkyWater Technology, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 342 | | | | 2,531 | | |
SkyWest, Inc.* (Passenger Airlines) | | | 497 | | | | 39,730 | | |
SL Green Realty Corp. (Office REITs) | | | 834 | | | | 55,577 | | |
Sleep Number Corp.* (Specialty Retail) | | | 271 | | | | 3,198 | | |
SM Energy Co. (Oil, Gas & Consumable
Fuels) | | | 1,436 | | | | 66,344 | | |
SMART Global Holdings, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 646 | | | | 15,116 | | |
SmartFinancial, Inc. (Banks) | | | 200 | | | | 5,668 | | |
SmartRent, Inc.* (Electronic Equipment,
Instruments & Components) | | | 2,425 | | | | 4,462 | | |
Smith & Wesson Brands, Inc. (Leisure
Products) | | | 572 | | | | 9,467 | | |
Smith-Midland Corp.* (Construction
Materials) | | | 56 | | | | 1,944 | | |
See accompanying notes to the financial statements.
180 :: UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Solaris Oilfield Infrastructure, Inc.—Class A
(Energy Equipment & Services) | | | 316 | | | $ | 4,155 | | |
SolarMax Technology, Inc.* (Electrical
Equipment) | | | 64 | | | | 271 | | |
SolarWinds Corp. (Software) | | | 683 | | | | 8,148 | | |
Soleno Therapeutics, Inc.* (Biotechnology) | | | 276 | | | | 13,311 | | |
Solid Biosciences, Inc.* (Biotechnology) | | | 283 | | | | 2,524 | | |
Solid Power, Inc.* (Automobile
Components) | | | 1,957 | | | | 3,679 | | |
Solidion Technology, Inc.* (Electrical
Equipment) | | | 111 | | | | 46 | | |
Solo Brands, Inc.*—Class A (Leisure
Products) | | | 205 | | | | 490 | | |
Sonic Automotive, Inc.—Class A (Specialty
Retail) | | | 183 | | | | 10,896 | | |
Sonida Senior Living, Inc.* (Health Care
Providers & Services) | | | 43 | | | | 1,388 | | |
Sonos, Inc.* (Household Durables) | | | 1,547 | | | | 20,885 | | |
SoundHound AI, Inc.*—Class A (Software) | | | 3,563 | | | | 18,136 | | |
SoundThinking, Inc.* (Software) | | | 125 | | | | 1,933 | | |
South Plains Financial, Inc. (Banks) | | | 148 | | | | 4,801 | | |
Southern California Bancorp* (Banks) | | | 301 | | | | 4,753 | | |
Southern First Bancshares, Inc.* (Banks) | | | 97 | | | | 3,356 | | |
Southern Missouri Bancorp, Inc. (Banks) | | | 119 | | | | 6,807 | | |
Southern States Bancshares, Inc. (Banks) | | | 105 | | | | 3,436 | | |
Southland Holdings, Inc.* (Construction &
Engineering) | | | 126 | | | | 491 | | |
Southside Bancshares, Inc. (Banks) | | | 361 | | | | 12,631 | | |
SouthState Corp. (Banks) | | | 955 | | | | 94,515 | | |
Southwest Gas Holdings, Inc. (Gas Utilities) | | | 765 | | | | 56,732 | | |
SpartanNash Co. (Consumer Staples
Distribution & Retail) | | | 431 | | | | 9,103 | | |
Sphere Entertainment Co.* (Entertainment) | | | 333 | | | | 14,812 | | |
Spire Global, Inc.* (Professional Services) | | | 280 | | | | 3,903 | | |
Spire, Inc. (Gas Utilities) | | | 679 | | | | 45,215 | | |
Spirit Airlines, Inc. (Passenger Airlines) | | | 1,378 | | | | 4,148 | | |
Spok Holdings, Inc. (Wireless
Telecommunication Services) | | | 230 | | | | 3,526 | | |
SpringWorks Therapeutics, Inc.*
(Biotechnology) | | | 863 | | | | 30,990 | | |
Sprinklr, Inc.*—Class A (Software) | | | 1,291 | | | | 12,691 | | |
Sprout Social, Inc.*—Class A (Software) | | | 620 | | | | 24,223 | | |
Sprouts Farmers Market, Inc.* (Consumer
Staples Distribution & Retail) | | | 1,265 | | | | 126,361 | | |
SPS Commerce, Inc.* (Software) | | | 467 | | | | 100,600 | | |
SPX Technologies, Inc.* (Machinery) | | | 565 | | | | 83,360 | | |
Spyre Therapeutics, Inc.* (Biotechnology) | | | 435 | | | | 11,963 | | |
Squarespace, Inc.*—Class A (IT Services) | | | 762 | | | | 33,672 | | |
SSR Mining, Inc. (Metals & Mining) | | | 2,548 | | | | 14,192 | | |
STAAR Surgical Co.* (Health Care
Equipment & Supplies) | | | 621 | | | | 25,616 | | |
Stagwell, Inc.* (Media) | | | 1,138 | | | | 7,602 | | |
Standard BioTools, Inc.* (Life Sciences
Tools & Services) | | | 3,787 | | | | 8,483 | | |
Standard Motor Products, Inc. (Automobile
Components) | | | 272 | | | | 8,903 | | |
Standex International Corp. (Machinery) | | | 146 | | | | 27,273 | | |
Star Holdings* (Diversified REITs) | | | 163 | | | | 2,192 | | |
Steelcase, Inc.—Class A (Commercial
Services & Supplies) | | | 1,162 | | | | 16,837 | | |
Stellar Bancorp, Inc. (Banks) | | | 617 | | | | 16,906 | | |
Common Stocks, continued
| | | Shares | | Value | |
Stem, Inc.* (Electrical Equipment) | | | 1,906 | | | $ | 2,325 | | |
Stepan Co. (Chemicals) | | | 268 | | | | 22,681 | | |
StepStone Group, Inc.—Class A (Capital
Markets) | | | 672 | | | | 33,775 | | |
Stereotaxis, Inc.* (Health Care Equipment &
Supplies) | | | 688 | | | | 1,376 | | |
Sterling Bancorp, Inc.* (Banks) | | | 267 | | | | 1,554 | | |
Sterling Check Corp.* (Professional
Services) | | | 416 | | | | 6,523 | | |
Sterling Infrastructure, Inc.* (Construction &
Engineering) | | | 380 | | | | 44,217 | | |
Steven Madden, Ltd. (Textiles, Apparel &
Luxury Goods) | | | 910 | | | | 41,259 | | |
Stewart Information Services Corp.
(Insurance) | | | 340 | | | | 24,038 | | |
Stitch Fix, Inc.*—Class A (Specialty Retail) | | | 1,128 | | | | 5,313 | | |
Stock Yards Bancorp, Inc. (Banks) | | | 321 | | | | 19,973 | | |
Stoke Therapeutics, Inc.* (Biotechnology) | | | 446 | | | | 6,677 | | |
StoneCo, Ltd.*—Class A (Financial
Services) | | | 3,594 | | | | 47,153 | | |
Stoneridge, Inc.* (Automobile Components) | | | 343 | | | | 5,766 | | |
StoneX Group, Inc.* (Capital Markets) | | | 344 | | | | 28,669 | | |
Strategic Education, Inc. (Diversified
Consumer Services) | | | 279 | | | | 29,407 | | |
Stratus Properties, Inc.* (Real Estate
Management & Development) | | | 70 | | | | 1,933 | | |
Strawberry Fields REIT, Inc. (Health Care
REITs) | | | 73 | | | | 837 | | |
Stride, Inc.* (Diversified Consumer
Services) | | | 535 | | | | 40,650 | | |
Sturm Ruger & Co., Inc. (Leisure Products) | | | 213 | | | | 9,608 | | |
Summit Hotel Properties, Inc. (Hotel &
Resort REITs) | | | 1,318 | | | | 8,356 | | |
Summit Materials, Inc.*—Class A
(Construction Materials) | | | 1,520 | | | | 63,505 | | |
Summit Therapeutics, Inc.* (Biotechnology) | | | 1,099 | | | | 11,869 | | |
Sun Country Airlines Holdings, Inc.*
(Passenger Airlines) | | | 496 | | | | 6,498 | | |
SunCoke Energy, Inc. (Metals & Mining) | | | 1,052 | | | | 12,308 | | |
Sunnova Energy International, Inc.*
(Independent Power and Renewable
Electricity Producers) | | | 1,363 | | | | 9,636 | | |
SunOpta, Inc.* (Food Products) | | | 1,152 | | | | 6,106 | | |
SunPower Corp.* (Electrical Equipment) | | | 1,103 | | | | 941 | | |
Sunrise Realty Trust, Inc.* (Mortgage REITs) | | | 70 | | | | 840 | | |
Sunrun, Inc.* (Electrical Equipment) | | | 2,744 | | | | 48,102 | | |
Sunstone Hotel Investors, Inc. (Hotel &
Resort REITs) | | | 2,554 | | | | 26,459 | | |
Super Group SGHC, Ltd. (Hotels,
Restaurants & Leisure) | | | 1,881 | | | | 7,204 | | |
Superior Group of Cos., Inc. (Textiles,
Apparel & Luxury Goods) | | | 163 | | | | 3,247 | | |
Supernus Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 630 | | | | 18,787 | | |
Surgery Partners, Inc.* (Health Care
Providers & Services) | | | 964 | | | | 29,267 | | |
Surmodics, Inc.* (Health Care Equipment &
Supplies) | | | 173 | | | | 7,162 | | |
Sutro Biopharma, Inc.* (Biotechnology) | | | 1,028 | | | | 4,081 | | |
Sweetgreen, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 1,240 | | | | 34,075 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraSmall-Cap ProFund :: 181
Common Stocks, continued
| | | Shares | | Value | |
SWK Holdings Corp.* (Financial Services) | | | 41 | | | $ | 722 | | |
Sylvamo Corp. (Paper & Forest Products) | | | 442 | | | | 32,580 | | |
Synaptics, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 489 | | | | 42,699 | | |
Syndax Pharmaceuticals, Inc.*
(Biotechnology) | | | 1,032 | | | | 23,426 | | |
System1, Inc.* (Interactive Media &
Services) | | | 294 | | | | 400 | | |
Tactile Systems Technology, Inc.* (Health
Care Equipment & Supplies) | | | 297 | | | | 3,793 | | |
Talkspace, Inc.* (Health Care Providers &
Services) | | | 1,543 | | | | 3,101 | | |
Talos Energy, Inc.* (Oil, Gas & Consumable
Fuels) | | | 1,858 | | | | 21,999 | | |
Tandem Diabetes Care, Inc.* (Health Care
Equipment & Supplies) | | | 813 | | | | 30,065 | | |
Tanger, Inc. (Retail REITs) | | | 1,337 | | | | 38,639 | | |
Tango Therapeutics, Inc.* (Biotechnology) | | | 599 | | | | 5,900 | | |
Target Hospitality Corp.* (Hotels,
Restaurants & Leisure) | | | 414 | | | | 3,875 | | |
Tarsus Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 462 | | | | 11,222 | | |
Taylor Devices, Inc.* (Machinery) | | | 30 | | | | 1,541 | | |
Taylor Morrison Home Corp.* (Household
Durables) | | | 1,303 | | | | 87,405 | | |
Taysha Gene Therapies, Inc.*
(Biotechnology) | | | 2,008 | | | | 4,438 | | |
TechTarget, Inc.* (Media) | | | 324 | | | | 10,368 | | |
Tecnoglass, Inc. (Building Products) | | | 282 | | | | 15,174 | | |
Teekay Corp.* (Oil, Gas & Consumable
Fuels) | | | 718 | | | | 6,225 | | |
Teekay Tankers, Ltd.—Class A (Oil, Gas &
Consumable Fuels) | | | 301 | | | | 19,697 | | |
TEGNA, Inc. (Media) | | | 2,213 | | | | 35,253 | | |
Tejon Ranch Co.* (Real Estate Management &
Development) | | | 263 | | | | 4,997 | | |
Teladoc Health, Inc.* (Health Care
Technology) | | | 2,137 | | | | 20,152 | | |
Telephone and Data Systems, Inc. (Wireless
Telecommunication Services) | | | 1,238 | | | | 26,246 | | |
Telomir Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 60 | | | | 217 | | |
Telos Corp.* (Software) | | | 706 | | | | 3,036 | | |
Tenable Holdings, Inc.* (Software) | | | 1,480 | | | | 67,962 | | |
Tenaya Therapeutics, Inc.* (Biotechnology) | | | 692 | | | | 2,422 | | |
Tennant Co. (Machinery) | | | 238 | | | | 25,630 | | |
Terawulf, Inc.* (Software) | | | 2,889 | | | | 12,018 | | |
Terex Corp. (Machinery) | | | 837 | | | | 52,949 | | |
Terns Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 723 | | | | 5,603 | | |
Terran Orbital Corp.* (Aerospace &
Defense) | | | 1,936 | | | | 1,393 | | |
Terreno Realty Corp. (Industrial REITs) | | | 1,199 | | | | 82,023 | | |
TETRA Technologies, Inc.* (Energy
Equipment & Services) | | | 1,576 | | | | 5,878 | | |
Tevogen Bio Holdings, Inc.*
(Biotechnology) | | | 275 | | | | 176 | | |
Texas Capital Bancshares, Inc.* (Banks) | | | 582 | | | | 38,470 | | |
TG Therapeutics, Inc.* (Biotechnology) | | | 1,753 | | | | 34,639 | | |
The Aaron's Co., Inc. (Specialty Retail) | | | 389 | | | | 3,890 | | |
Common Stocks, continued
| | | Shares | | Value | |
The Andersons, Inc. (Consumer Staples
Distribution & Retail) | | | 410 | | | $ | 22,357 | | |
The Baldwin Insurance Group, Inc.*
(Insurance) | | | 827 | | | | 36,173 | | |
The Bancorp, Inc.* (Banks) | | | 628 | | | | 32,556 | | |
The Bank of NT Butterfield & Son, Ltd.
(Banks) | | | 584 | | | | 22,391 | | |
The Beauty Health Co.* (Personal Care
Products) | | | 934 | | | | 1,728 | | |
The Brink's Co. (Commercial Services &
Supplies) | | | 564 | | | | 62,035 | | |
The Buckle, Inc. (Specialty Retail) | | | 388 | | | | 16,758 | | |
The Cheesecake Factory, Inc. (Hotels,
Restaurants & Leisure) | | | 606 | | | | 23,567 | | |
The Chefs' Warehouse, Inc.* (Consumer
Staples Distribution & Retail) | | | 439 | | | | 18,258 | | |
The Duckhorn Portfolio, Inc.* (Beverages) | | | 667 | | | | 4,842 | | |
The E.W. Scripps Co.*—Class A (Media) | | | 761 | | | | 2,861 | | |
The Eastern Co. (Machinery) | | | 65 | | | | 1,914 | | |
The Ensign Group, Inc. (Health Care
Providers & Services) | | | 697 | | | | 98,102 | | |
The First Bancorp, Inc. (Banks) | | | 134 | | | | 3,772 | | |
The First Bancshares, Inc. (Banks) | | | 386 | | | | 12,862 | | |
The First of Long Island Corp. (Banks) | | | 269 | | | | 3,529 | | |
The GEO Group, Inc.* (Commercial Services &
Supplies) | | | 1,560 | | | | 22,620 | | |
The Goodyear Tire & Rubber Co.*
(Automobile Components) | | | 3,577 | | | | 41,851 | | |
The Gorman-Rupp Co. (Machinery) | | | 263 | | | | 10,865 | | |
The Greenbrier Cos., Inc. (Machinery) | | | 385 | | | | 19,639 | | |
The Hackett Group, Inc. (IT Services) | | | 317 | | | | 8,648 | | |
The Hain Celestial Group, Inc.* (Food
Products) | | | 1,126 | | | | 8,715 | | |
The Honest Co., Inc.* (Personal Care
Products) | | | 1,005 | | | | 3,749 | | |
The Joint Corp.* (Health Care Providers &
Services) | | | 137 | | | | 1,976 | | |
The Lovesac Co.* (Household Durables) | | | 178 | | | | 4,870 | | |
The Macerich Co. (Retail REITs) | | | 2,720 | | | | 43,547 | | |
The Manitowoc Co., Inc.* (Machinery) | | | 437 | | | | 5,524 | | |
The Marcus Corp. (Entertainment) | | | 301 | | | | 3,790 | | |
The ODP Corp.* (Specialty Retail) | | | 447 | | | | 18,886 | | |
The ONE Group Hospitality, Inc.* (Hotels,
Restaurants & Leisure) | | | 261 | | | | 1,323 | | |
The Pennant Group, Inc.* (Health Care
Providers & Services) | | | 363 | | | | 10,821 | | |
The Real Brokerage, Inc.* (Real Estate
Management & Development) | | | 1,194 | | | | 7,104 | | |
The RealReal, Inc.* (Specialty Retail) | | | 1,229 | | | | 4,596 | | |
The RMR Group, Inc.—Class A (Real Estate
Management & Development) | | | 194 | | | | 5,032 | | |
The Shyft Group, Inc. (Machinery) | | | 424 | | | | 7,110 | | |
The Simply Good Foods Co.* (Food
Products) | | | 1,146 | | | | 38,873 | | |
The St. Joe Co. (Real Estate Management &
Development) | | | 453 | | | | 27,942 | | |
The Vita Coco Co., Inc.* (Beverages) | | | 493 | | | | 12,739 | | |
The York Water Co. (Water Utilities) | | | 180 | | | | 7,436 | | |
Theravance Biopharma, Inc.*
(Pharmaceuticals) | | | 461 | | | | 4,661 | | |
See accompanying notes to the financial statements.
182 :: UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Thermon Group Holdings, Inc.* (Electrical
Equipment) | | | 419 | | | $ | 13,747 | | |
Third Coast Bancshares, Inc.* (Banks) | | | 142 | | | | 3,319 | | |
Third Harmonic Bio, Inc.* (Pharmaceuticals) | | | 249 | | | | 3,023 | | |
Thoughtworks Holding, Inc.* (IT Services) | | | 1,256 | | | | 4,371 | | |
ThredUp, Inc.*—Class A (Specialty Retail) | | | 987 | | | | 2,073 | | |
Thryv Holdings, Inc.* (Media) | | | 399 | | | | 7,773 | | |
Tidewater, Inc.* (Energy Equipment &
Services) | | | 612 | | | | 60,564 | | |
Tile Shop Holdings, Inc.* (Specialty Retail) | | | 360 | | | | 2,599 | | |
Tilly's, Inc.*—Class A (Specialty Retail) | | | 186 | | | | 1,090 | | |
Timberland Bancorp, Inc. (Banks) | | | 95 | | | | 2,902 | | |
Tiptree, Inc. (Insurance) | | | 316 | | | | 6,241 | | |
Titan International, Inc.* (Machinery) | | | 627 | | | | 5,342 | | |
Titan Machinery, Inc.* (Trading Companies &
Distributors) | | | 259 | | | | 4,618 | | |
Tompkins Financial Corp. (Banks) | | | 160 | | | | 10,070 | | |
Topgolf Callaway Brands Corp.* (Leisure
Products) | | | 1,781 | | | | 29,387 | | |
Torrid Holdings, Inc.* (Specialty Retail) | | | 154 | | | | 1,278 | | |
Tourmaline Bio, Inc.* (Biotechnology) | | | 290 | | | | 4,895 | | |
Towne Bank (Banks) | | | 882 | | | | 29,318 | | |
Townsquare Media, Inc.—Class A (Media) | | | 165 | | | | 1,993 | | |
TPG RE Finance Trust, Inc. (Mortgage
REITs) | | | 720 | | | | 6,293 | | |
TPI Composites, Inc.* (Electrical
Equipment) | | | 579 | | | | 2,467 | | |
Traeger, Inc.* (Household Durables) | | | 429 | | | | 1,047 | | |
Transcat, Inc.* (Trading Companies &
Distributors) | | | 108 | | | | 12,446 | | |
Transcontinental Realty Investors, Inc.*
(Real Estate Management & Development) | | | 15 | | | | 472 | | |
TransMedics Group, Inc.* (Health Care
Equipment & Supplies) | | | 403 | | | | 57,331 | | |
Transocean, Ltd.* (Energy Equipment &
Services) | | | 9,156 | | | | 53,013 | | |
Travere Therapeutics, Inc.* (Biotechnology) | | | 925 | | | | 8,825 | | |
Treace Medical Concepts, Inc.* (Health
Care Equipment & Supplies) | | | 612 | | | | 4,425 | | |
Tredegar Corp.* (Metals & Mining) | | | 334 | | | | 1,907 | | |
TreeHouse Foods, Inc.* (Food Products) | | | 615 | | | | 24,772 | | |
Trevi Therapeutics, Inc.* (Pharmaceuticals) | | | 737 | | | | 2,344 | | |
Tri Pointe Homes, Inc.* (Household
Durables) | | | 1,173 | | | | 53,078 | | |
TriCo Bancshares (Banks) | | | 402 | | | | 18,705 | | |
TriMas Corp. (Containers & Packaging) | | | 510 | | | | 12,536 | | |
TriNet Group, Inc. (Professional Services) | | | 408 | | | | 42,534 | | |
Trinity Industries, Inc. (Machinery) | | | 1,026 | | | | 33,920 | | |
Triumph Financial, Inc.* (Banks) | | | 277 | | | | 25,132 | | |
Triumph Group, Inc.* (Aerospace &
Defense) | | | 810 | | | | 13,276 | | |
Tronox Holdings PLC (Chemicals) | | | 1,491 | | | | 24,095 | | |
TrueBlue, Inc.* (Professional Services) | | | 385 | | | | 4,601 | | |
TrueCar, Inc.* (Interactive Media & Services) | | | 1,075 | | | | 3,935 | | |
Trupanion, Inc.* (Insurance) | | | 414 | | | | 15,343 | | |
TrustCo Bank Corp. (Banks) | | | 233 | | | | 8,297 | | |
Trustmark Corp. (Banks) | | | 764 | | | | 26,534 | | |
TScan Therapeutics, Inc.* (Biotechnology) | | | 482 | | | | 3,441 | | |
TTEC Holdings, Inc. (Professional Services) | | | 246 | | | | 1,963 | | |
TTM Technologies, Inc.* (Electronic
Equipment, Instruments & Components) | | | 1,267 | | | | 24,554 | | |
Common Stocks, continued
| | | Shares | | Value | |
Tucows, Inc.*—Class A (IT Services) | | | 100 | | | $ | 2,517 | | |
Turning Point Brands, Inc. (Tobacco) | | | 215 | | | | 8,110 | | |
Turtle Beach Corp.* (Technology Hardware,
Storage & Peripherals) | | | 215 | | | | 3,111 | | |
Tutor Perini Corp.* (Construction &
Engineering) | | | 543 | | | | 13,515 | | |
Twin Disc, Inc. (Machinery) | | | 140 | | | | 2,019 | | |
Twist Bioscience Corp.* (Biotechnology) | | | 722 | | | | 40,295 | | |
Two Harbors Investment Corp. (Mortgage
REITs) | | | 1,304 | | | | 17,565 | | |
TXNM Energy, Inc. (Electric Utilities) | | | 1,130 | | | | 46,985 | | |
Tyra Biosciences, Inc.* (Biotechnology) | | | 255 | | | | 5,651 | | |
U.S. Physical Therapy, Inc. (Health Care
Providers & Services) | | | 188 | | | | 18,330 | | |
Udemy, Inc.* (Diversified Consumer
Services) | | | 1,200 | | | | 11,088 | | |
UFP Industries, Inc. (Building Products) | | | 760 | | | | 100,267 | | |
UFP Technologies, Inc.* (Health Care
Equipment & Supplies) | | | 91 | | | | 29,265 | | |
Ultra Clean Holdings, Inc.*
(Semiconductors & Semiconductor
Equipment) | | | 556 | | | | 24,053 | | |
Ultralife Corp.* (Electrical Equipment) | | | 126 | | | | 1,509 | | |
UMB Financial Corp. (Banks) | | | 563 | | | | 57,436 | | |
UMH Properties, Inc. (Residential REITs) | | | 802 | | | | 14,244 | | |
UniFirst Corp. (Commercial Services &
Supplies) | | | 189 | | | | 36,768 | | |
Unisys Corp.* (IT Services) | | | 827 | | | | 3,937 | | |
United Bankshares, Inc. (Banks) | | | 1,660 | | | | 64,623 | | |
United Community Banks, Inc. (Banks) | | | 1,502 | | | | 46,487 | | |
United Fire Group, Inc. (Insurance) | | | 263 | | | | 5,894 | | |
United Homes Group, Inc.* (Household
Durables) | | | 66 | | | | 410 | | |
United Natural Foods, Inc.* (Consumer
Staples Distribution & Retail) | | | 738 | | | | 11,439 | | |
United Parks & Resorts, Inc.* (Hotels,
Restaurants & Leisure) | | | 448 | | | | 23,587 | | |
United States Lime & Minerals, Inc.
(Construction Materials) | | | 130 | | | | 11,057 | | |
Uniti Group, Inc. (Specialized REITs) | | | 3,003 | | | | 11,532 | | |
Unitil Corp. (Multi-Utilities) | | | 200 | | | | 12,256 | | |
Unity Bancorp, Inc. (Banks) | | | 90 | | | | 3,116 | | |
Universal Corp. (Tobacco) | | | 302 | | | | 16,133 | | |
Universal Health Realty Income Trust
(Health Care REITs) | | | 161 | | | | 6,883 | | |
Universal Insurance Holdings, Inc.
(Insurance) | | | 301 | | | | 5,963 | | |
Universal Logistics Holdings, Inc. (Ground
Transportation) | | | 85 | | | | 3,658 | | |
Universal Stainless & Alloy Products, Inc.*
(Metals & Mining) | | | 109 | | | | 4,090 | | |
Universal Technical Institute, Inc.*
(Diversified Consumer Services) | | | 496 | | | | 9,394 | | |
Univest Financial Corp. (Banks) | | | 363 | | | | 10,037 | | |
Upbound Group, Inc. (Specialty Retail) | | | 674 | | | | 25,430 | | |
Upstart Holdings, Inc.* (Consumer Finance) | | | 967 | | | | 27,008 | | |
Upwork, Inc.* (Professional Services) | | | 1,564 | | | | 18,956 | | |
Uranium Energy Corp.* (Oil, Gas &
Consumable Fuels) | | | 4,938 | | | | 29,282 | | |
Urban Edge Properties (Retail REITs) | | | 1,504 | | | | 30,531 | | |
Urban Outfitters, Inc.* (Specialty Retail) | | | 804 | | | | 37,024 | | |
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraSmall-Cap ProFund :: 183
Common Stocks, continued
| | | Shares | | Value | |
Ur-Energy, Inc.* (Oil, Gas & Consumable
Fuels) | | | 3,452 | | | $ | 4,280 | | |
UroGen Pharma, Ltd.* (Biotechnology) | | | 431 | | | | 7,090 | | |
USANA Health Sciences, Inc.* (Personal
Care Products) | | | 143 | | | | 6,378 | | |
USCB Financial Holdings, Inc. (Banks) | | | 131 | | | | 2,182 | | |
Utah Medical Products, Inc. (Health Care
Equipment & Supplies) | | | 43 | | | | 2,993 | | |
Utz Brands, Inc. (Food Products) | | | 816 | | | | 12,109 | | |
V2X, Inc.* (Aerospace & Defense) | | | 154 | | | | 8,028 | | |
VAALCO Energy, Inc. (Oil, Gas &
Consumable Fuels) | | | 1,308 | | | | 9,365 | | |
Vacasa, Inc.*—Class A (Hotels, Restaurants &
Leisure) | | | 118 | | | | 489 | | |
Valaris, Ltd.* (Energy Equipment &
Services) | | | 788 | | | | 61,929 | | |
Valhi, Inc. (Chemicals) | | | 30 | | | | 633 | | |
Valley National Bancorp (Banks) | | | 5,418 | | | | 45,511 | | |
Value Line, Inc. (Capital Markets) | | | 10 | | | | 473 | | |
Vanda Pharmaceuticals, Inc.*
(Biotechnology) | | | 716 | | | | 4,181 | | |
Varex Imaging Corp.* (Health Care
Equipment & Supplies) | | | 487 | | | | 7,203 | | |
Varonis Systems, Inc.* (Software) | | | 1,384 | | | | 76,300 | | |
Vaxcyte, Inc.* (Biotechnology) | | | 1,371 | | | | 108,159 | | |
Vector Group, Ltd. (Tobacco) | | | 1,844 | | | | 23,566 | | |
Veeco Instruments, Inc.* (Semiconductors &
Semiconductor Equipment) | | | 698 | | | | 28,904 | | |
Velo3D, Inc.* (Machinery) | | | 1 | | | | 3 | | |
Velocity Financial, Inc.* (Financial Services) | | | 113 | | | | 2,139 | | |
Ventyx Biosciences, Inc.* (Pharmaceuticals) | | | 763 | | | | 1,770 | | |
Vera Bradley, Inc.* (Textiles, Apparel &
Luxury Goods) | | | 336 | | | | 2,312 | | |
Vera Therapeutics, Inc.* (Biotechnology) | | | 489 | | | | 17,893 | | |
Veracyte, Inc.* (Biotechnology) | | | 965 | | | | 23,160 | | |
Verastem, Inc.* (Biotechnology) | | | 319 | | | | 829 | | |
Verde Clean Fuels, Inc.* (Oil, Gas &
Consumable Fuels) | | | 41 | | | | 179 | | |
Vericel Corp.* (Biotechnology) | | | 608 | | | | 30,716 | | |
Verint Systems, Inc.* (Software) | | | 775 | | | | 28,009 | | |
Veris Residential, Inc. (Residential REITs) | | | 986 | | | | 15,490 | | |
Veritex Holdings, Inc. (Banks) | | | 659 | | | | 16,521 | | |
Verra Mobility Corp.* (Professional
Services) | | | 2,090 | | | | 62,972 | | |
Verrica Pharmaceuticals, Inc.*
(Pharmaceuticals) | | | 238 | | | | 1,568 | | |
Vertex, Inc.*—Class A (Software) | | | 681 | | | | 27,002 | | |
Veru, Inc.* (Personal Care Products) | | | 1,658 | | | | 1,552 | | |
Verve Therapeutics, Inc.* (Biotechnology) | | | 892 | | | | 6,244 | | |
Viad Corp.* (Commercial Services &
Supplies) | | | 257 | | | | 8,545 | | |
Viant Technology, Inc.*—Class A (Software) | | | 195 | | | | 2,268 | | |
Viasat, Inc.* (Communications Equipment) | | | 1,523 | | | | 30,795 | | |
Viavi Solutions, Inc.* (Communications
Equipment) | | | 2,764 | | | | 22,223 | | |
Vicor Corp.* (Electrical Equipment) | | | 282 | | | | 11,875 | | |
Victoria's Secret & Co.* (Specialty Retail) | | | 985 | | | | 17,484 | | |
Victory Capital Holdings, Inc.—Class A
(Capital Markets) | | | 516 | | | | 27,033 | | |
Viemed Healthcare, Inc.* (Health Care
Providers & Services) | | | 431 | | | | 3,108 | | |
Common Stocks, continued
| | | Shares | | Value | |
Village Super Market, Inc.—Class A
(Consumer Staples Distribution & Retail) | | | 109 | | | $ | 3,453 | | |
Vimeo, Inc.* (Interactive Media & Services) | | | 1,859 | | | | 7,473 | | |
Vir Biotechnology, Inc.* (Biotechnology) | | | 1,124 | | | | 11,420 | | |
Virco Mfg. Corp. (Commercial Services &
Supplies) | | | 131 | | | | 2,306 | | |
Virgin Galactic Holdings, Inc.* (Aerospace &
Defense) | | | 237 | | | | 1,687 | | |
Virginia National Bankshares Corp. (Banks) | | | 59 | | | | 2,306 | | |
Viridian Therapeutics, Inc.* (Biotechnology) | | | 786 | | | | 13,244 | | |
VirTra, Inc.* (Aerospace & Defense) | | | 133 | | | | 1,166 | | |
Virtus Investment Partners, Inc. (Capital
Markets) | | | 85 | | | | 19,210 | | |
Vishay Intertechnology, Inc. (Electronic
Equipment, Instruments & Components) | | | 1,586 | | | | 38,556 | | |
Vishay Precision Group, Inc.* (Electronic
Equipment, Instruments & Components) | | | 152 | | | | 5,212 | | |
Vista Outdoor, Inc.* (Leisure Products) | | | 732 | | | | 29,741 | | |
Visteon Corp.* (Automobile Components) | | | 343 | | | | 39,630 | | |
Vital Energy, Inc.* (Oil, Gas & Consumable
Fuels) | | | 359 | | | | 15,656 | | |
Vital Farms, Inc.* (Food Products) | | | 409 | | | | 14,924 | | |
Vitesse Energy, Inc. (Oil, Gas & Consumable
Fuels) | | | 314 | | | | 8,151 | | |
Vivid Seats, Inc.*—Class A (Entertainment) | | | 982 | | | | 4,792 | | |
Vizio Holding Corp.*—Class A (Household
Durables) | | | 1,116 | | | | 12,254 | | |
Voyager Therapeutics, Inc.* (Biotechnology) | | | 577 | | | | 5,303 | | |
VSE Corp. (Commercial Services &
Supplies) | | | 171 | | | | 15,217 | | |
W&T Offshore, Inc. (Oil, Gas & Consumable
Fuels) | | | 1,238 | | | | 2,984 | | |
Wabash National Corp. (Machinery) | | | 561 | | | | 12,056 | | |
WaFd, Inc. (Banks) | | | 838 | | | | 29,824 | | |
Waldencast PLC*—Class A (Personal Care
Products) | | | 307 | | | | 964 | | |
Walker & Dunlop, Inc. (Financial Services) | | | 403 | | | | 43,081 | | |
Warby Parker, Inc.*—Class A (Specialty
Retail) | | | 1,095 | | | | 18,035 | | |
Warrior Met Coal, Inc. (Metals & Mining) | | | 651 | | | | 44,991 | | |
Washington Trust Bancorp, Inc. (Banks) | | | 213 | | | | 6,818 | | |
Waterstone Financial, Inc. (Financial
Services) | | | 207 | | | | 3,088 | | |
Watts Water Technologies, Inc.—Class A
(Machinery) | | | 344 | | | | 71,387 | | |
WaVe Life Sciences, Ltd.*
(Pharmaceuticals) | | | 972 | | | | 6,425 | | |
WD-40 Co. (Household Products) | | | 171 | | | | 44,735 | | |
Weave Communications, Inc.* (Software) | | | 491 | | | | 4,910 | | |
Weis Markets, Inc. (Consumer Staples
Distribution & Retail) | | | 207 | | | | 15,618 | | |
Werewolf Therapeutics, Inc.*
(Biotechnology) | | | 383 | | | | 862 | | |
Werner Enterprises, Inc. (Ground
Transportation) | | | 795 | | | | 31,156 | | |
WesBanco, Inc. (Banks) | | | 723 | | | | 23,049 | | |
West Bancorp, Inc. (Banks) | | | 202 | | | | 4,189 | | |
Westamerica Bancorp (Banks) | | | 322 | | | | 17,375 | | |
Westrock Coffee Co.* (Food Products) | | | 425 | | | | 4,208 | | |
Weyco Group, Inc. (Distributors) | | | 76 | | | | 2,646 | | |
See accompanying notes to the financial statements.
184 :: UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks, continued
| | | Shares | | Value | |
Wheels Up Experience, Inc.* (Passenger
Airlines) | | | 1,126 | | | $ | 2,961 | | |
Whitestone REIT (Retail REITs) | | | 614 | | | | 8,473 | | |
Whole Earth Brands, Inc.* (Food Products) | | | 408 | | | | 1,987 | | |
WideOpenWest, Inc.* (Media) | | | 618 | | | | 3,368 | | |
Willdan Group, Inc.* (Professional Services) | | | 158 | | | | 5,353 | | |
Willis Lease Finance Corp. (Trading
Companies & Distributors) | | | 39 | | | | 3,365 | | |
Winmark Corp. (Specialty Retail) | | | 37 | | | | 14,639 | | |
Winnebago Industries, Inc. (Automobiles) | | | 359 | | | | 22,446 | | |
WisdomTree, Inc. (Capital Markets) | | | 1,752 | | | | 20,919 | | |
WK Kellogg Co. (Food Products) | | | 824 | | | | 14,502 | | |
WM Technology, Inc.* (Software) | | | 1,048 | | | | 1,132 | | |
WNS Holdings, Ltd.* (Professional
Services) | | | 582 | | | | 34,676 | | |
Wolverine World Wide, Inc. (Textiles,
Apparel & Luxury Goods) | | | 997 | | | | 14,825 | | |
Workhorse Group, Inc.* (Automobiles) | | | 1 | | | | 1 | | |
Workiva, Inc.* (Software) | | | 634 | | | | 46,770 | | |
World Acceptance Corp.* (Consumer
Finance) | | | 45 | | | | 5,495 | | |
World Kinect Corp. (Oil, Gas & Consumable
Fuels) | | | 740 | | | | 20,668 | | |
Worthington Enterprises, Inc. (Household
Durables) | | | 395 | | | | 19,714 | | |
Worthington Steel, Inc. (Metals & Mining) | | | 409 | | | | 16,307 | | |
WSFS Financial Corp. (Banks) | | | 753 | | | | 42,537 | | |
X4 Pharmaceuticals, Inc.* (Biotechnology) | | | 2,110 | | | | 1,688 | | |
XBiotech, Inc.* (Biotechnology) | | | 232 | | | | 1,791 | | |
Xencor, Inc.* (Biotechnology) | | | 746 | | | | 15,233 | | |
Xenia Hotels & Resorts, Inc. (Hotel & Resort
REITs) | | | 1,280 | | | | 17,766 | | |
Xeris Biopharma Holdings, Inc.*
(Pharmaceuticals) | | | 1,764 | | | | 4,375 | | |
Xerox Holdings Corp. (Technology
Hardware, Storage & Peripherals) | | | 1,460 | | | | 15,717 | | |
XOMA Royalty Corp.* (Biotechnology) | | | 101 | | | | 2,703 | | |
Xometry, Inc.*—Class A (Trading
Companies & Distributors) | | | 528 | | | | 7,725 | | |
XPEL, Inc.* (Automobile Components) | | | 317 | | | | 12,956 | | |
Xperi, Inc.* (Software) | | | 565 | | | | 4,616 | | |
Xponential Fitness, Inc.*—Class A (Hotels,
Restaurants & Leisure) | | | 301 | | | | 5,168 | | |
Yelp, Inc.* (Interactive Media & Services) | | | 823 | | | | 29,981 | | |
Yext, Inc.* (Software) | | | 1,316 | | | | 7,580 | | |
Y-mAbs Therapeutics, Inc.* (Biotechnology) | | | 462 | | | | 5,673 | | |
Zentalis Pharmaceuticals, Inc.*
(Biotechnology) | | | 717 | | | | 2,789 | | |
Zeta Global Holdings Corp.*—Class A
(Software) | | | 2,065 | | | | 44,232 | | |
Zevra Therapeutics, Inc.* (Pharmaceuticals) | | | 528 | | | | 3,427 | | |
Ziff Davis, Inc.* (Interactive Media &
Services) | | | 571 | | | | 27,339 | | |
Zimvie, Inc.* (Health Care Equipment &
Supplies) | | | 339 | | | | 7,166 | | |
ZipRecruiter, Inc.* (Interactive Media &
Services) | | | 901 | | | | 8,253 | | |
Zumiez, Inc.* (Specialty Retail) | | | 206 | | | | 5,237 | | |
Zuora, Inc.*—Class A (Software) | | | 1,626 | | | | 14,748 | | |
Common Stocks, continued
| | | Shares | | Value | |
Zura Bio, Ltd.* (Biotechnology) | | | 251 | | | $ | 991 | | |
Zurn Elkay Water Solutions Corp.
(Building Products) | | | 1,827 | | | | 59,304 | | |
Zymeworks, Inc.* (Biotechnology) | | | 701 | | | | 7,332 | | |
Zynex, Inc.* (Health Care Equipment &
Supplies) | | | 192 | | | | 1,728 | | |
TOTAL COMMON STOCKS
(Cost $19,873,310) | | | | | 33,820,966 | | |
Rights(NM)
Cartesian Therapeutics, Inc., CVR*+
(Pharmaceuticals) | | | 1,656 | | | | 298 | | |
Chinook Therapeutics CVR*+ (Health
Care Providers & Services) | | | 750 | | | | — | | |
TOTAL RIGHTS
(Cost $—) | | | | | 298 | | |
Trust (0.0%)
| | | Interest
Units | | Value | |
Ferroglobe Representation and Warranty
Insurance*+ (Metals & Mining) | | | 1,320 | | | $ | — | | |
TOTAL TRUST
(Cost $—) | | | | | — | | |
Repurchase Agreements(a)(b) (42.2%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $24,587,550 | | $ | 24,584,000 | | | $ | 24,584,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $24,584,000) | | | | | 24,584,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $44,457,310)—100.2% | | | | | 58,405,264 | | |
Net other assets (liabilities)—(0.2)% | | | | | (126,150 | ) | |
NET ASSETS—100.0% | | | | $ | 58,279,114 | | |
† 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, 2024, these securities represented less than 0.005% of the net assets of the Fund.
(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, 2024, the aggregate amount held in a segregated account was $10,152,000.
NM Not meaningful, amount is less than 0.05%.
CVR Contingent Value Rights
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: UltraSmall-Cap ProFund :: 185
Futures Contracts Purchased
| | | Number
of
Contracts | | Expiration
Date | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
E-Mini Russell 2000 Index Futures Contracts | | | 43 | | | 9/23/24 | | $ | 4,886,950 | | | $ | 429,209 | | |
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 | | 8/27/24 | | | 5.53 | % | | $ | 13,490,269 | | | $ | 144,228 | | |
Russell 2000 Index | | Goldman Sachs International | | 8/27/24 | | | 5.88 | % | | | 30,926,957 | | | | 250,548 | | |
| | | | | | | | | $ | 44,417,226 | | | $ | 394,776 | | |
iShares Russell 2000 ETF | | UBS AG | | 8/27/24 | | | 5.13 | % | | $ | 12,912,780 | | | $ | 119,212 | | |
Russell 2000 Index | | UBS AG | | 8/27/24 | | | 5.68 | % | | | 20,495,478 | | | | 168,707 | | |
| | | | | | | | | $ | 33,408,258 | | | $ | 287,919 | | |
| | | | | | | | | $ | 77,825,484 | | | $ | 682,695 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
186 :: UltraSmall-Cap ProFund :: Schedule of Portfolio Investments :: July 31, 2024
UltraSmall-Cap ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Aerospace & Defense | | $ | 358,106 | | | | 0.6 | % | |
Air Freight & Logistics | | | 56,941 | | | | 0.1 | % | |
Automobile Components | | | 474,809 | | | | 0.8 | % | |
Automobiles | | | 25,626 | | | | NM | | |
Banks | | | 3,402,240 | | | | 5.8 | % | |
Beverages | | | 89,956 | | | | 0.2 | % | |
Biotechnology | | | 3,010,162 | | | | 5.2 | % | |
Broadline Retail | | | 8,345 | | | | NM | | |
Building Products | | | 517,078 | | | | 0.9 | % | |
Capital Markets | | | 565,012 | | | | 1.0 | % | |
Chemicals | | | 668,625 | | | | 1.1 | % | |
Commercial Services & Supplies | | | 591,435 | | | | 1.0 | % | |
Communications Equipment | | | 209,755 | | | | 0.4 | % | |
Construction & Engineering | | | 502,574 | | | | 0.9 | % | |
Construction Materials | | | 133,204 | | | | 0.2 | % | |
Consumer Finance | | | 293,089 | | | | 0.5 | % | |
Consumer Staples Distribution & Retail | | | 255,296 | | | | 0.4 | % | |
Containers & Packaging | | | 87,814 | | | | 0.2 | % | |
Distributors | | | 11,327 | | | | NM | | |
Diversified Consumer Services | | | 315,252 | | | | 0.5 | % | |
Diversified REITs | | | 216,257 | | | | 0.4 | % | |
Diversified Telecommunication Services | | | 219,207 | | | | 0.4 | % | |
Electric Utilities | | | 270,860 | | | | 0.5 | % | |
Electrical Equipment | | | 483,488 | | | | 0.8 | % | |
Electronic Equipment, Instruments &
Components | | | 1,013,084 | | | | 1.7 | % | |
Energy Equipment & Services | | | 898,386 | | | | 1.5 | % | |
Entertainment | | | 164,397 | | | | 0.3 | % | |
Financial Services | | | 891,255 | | | | 1.5 | % | |
Food Products | | | 322,861 | | | | 0.6 | % | |
Gas Utilities | | | 321,624 | | | | 0.6 | % | |
Ground Transportation | | | 166,423 | | | | 0.3 | % | |
Health Care Equipment & Supplies | | | 1,090,278 | | | | 1.9 | % | |
Health Care Providers & Services | | | 973,216 | | | | 1.7 | % | |
Health Care REITs | | | 196,088 | | | | 0.3 | % | |
Health Care Technology | | | 116,180 | | | | 0.2 | % | |
Hotel & Resort REITs | | | 249,206 | | | | 0.4 | % | |
Hotels, Restaurants & Leisure | | | 590,343 | | | | 1.0 | % | |
Household Durables | | | 809,183 | | | | 1.4 | % | |
Household Products | | | 103,836 | | | | 0.2 | % | |
Independent Power and Renewable
Electricity Producers | | | 71,203 | | | | 0.1 | % | |
Industrial Conglomerates | | | 7,351 | | | | NM | | |
Industrial REITs | | | 179,330 | | | | 0.3 | % | |
| | | Value | | % of
Net Assets | |
Insurance | | $ | 623,542 | | | | 1.1 | % | |
Interactive Media & Services | | | 199,645 | | | | 0.3 | % | |
IT Services | | | 188,787 | | | | 0.3 | % | |
Leisure Products | | | 152,266 | | | | 0.3 | % | |
Life Sciences Tools & Services | | | 99,805 | | | | 0.2 | % | |
Machinery | | | 1,290,216 | | | | 2.2 | % | |
Marine Transportation | | | 103,815 | | | | 0.2 | % | |
Media | | | 250,583 | | | | 0.4 | % | |
Metals & Mining | | | 609,492 | | | | 1.0 | % | |
Mortgage REITs | | | 369,425 | | | | 0.6 | % | |
Multi-Utilities | | | 143,230 | | | | 0.2 | % | |
Office REITs | | | 261,619 | | | | 0.5 | % | |
Oil, Gas & Consumable Fuels | | | 1,136,892 | | | | 2.0 | % | |
Paper & Forest Products | | | 43,896 | | | | 0.1 | % | |
Passenger Airlines | | | 131,718 | | | | 0.2 | % | |
Personal Care Products | | | 102,536 | | | | 0.2 | % | |
Pharmaceuticals | | | 561,777 | | | | 1.0 | % | |
Professional Services | | | 850,687 | | | | 1.5 | % | |
Real Estate Management &
Development | | | 250,738 | | | | 0.4 | % | |
Residential REITs | | | 145,398 | | | | 0.3 | % | |
Retail REITs | | | 406,919 | | | | 0.7 | % | |
Semiconductors & Semiconductor
Equipment | | | 782,701 | | | | 1.3 | % | |
Software | | | 1,969,841 | | | | 3.4 | % | |
Specialized REITs | | | 144,330 | | | | 0.2 | % | |
Specialty Retail | | | 816,623 | | | | 1.4 | % | |
Technology Hardware, Storage &
Peripherals | | | 70,460 | | | | 0.1 | % | |
Textiles, Apparel & Luxury Goods | | | 189,241 | | | | 0.3 | % | |
Tobacco | | | 49,650 | | | | 0.1 | % | |
Trading Companies & Distributors | | | 769,622 | | | | 1.3 | % | |
Transportation Infrastructure | | | 1,456 | | | | NM | | |
Water Utilities | | | 136,498 | | | | 0.2 | % | |
Wireless Telecommunication Services | | | 37,154 | | | | 0.1 | % | |
Other** | | | 24,457,850 | | | | 42.0 | % | |
Total | | $ | 58,279,114 | | | | 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%.
REIT Real Estate Investment Trust
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: U.S. Government Plus ProFund :: 187
Repurchase Agreements(a)(b) (98.7%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $14,341,070 | | $ | 14,339,000 | | | $ | 14,339,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $14,339,000) | | | | | 14,339,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $14,339,000)—98.7% | | | | | 14,339,000 | | |
Net other assets (liabilities)—1.3% | | | | | 189,157 | | |
NET ASSETS—100.0% | | | | $ | 14,528,157 | | |
(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, 2024, the aggregate amount held in a segregated account was $625,000.
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,
4.625%, due 5/15/54 | | Citibank North America | | 8/15/24 | | | 5.55 | % | | $ | 16,546,797 | | | $ | 246,158 | | |
30-Year U.S. Treasury Bond,
4.625%, due 5/15/54 | | Societe' Generale | | 8/15/24 | | | 5.60 | % | | | 1,382,391 | | | | 25,224 | | |
| | | | | | | | | $ | 17,929,188 | | | $ | 271,382 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
188 :: Utilities UltraSector ProFund :: Schedule of Portfolio Investments :: July 31, 2024
Common Stocks (74.8%)
| | | Shares | | Value | |
Alliant Energy Corp. (Electric Utilities) | | | 6,514 | | | $ | 362,569 | | |
Ameren Corp. (Multi-Utilities) | | | 6,777 | | | | 537,213 | | |
American Electric Power Co., Inc. (Electric
Utilities) | | | 13,393 | | | | 1,314,121 | | |
American Water Works Co., Inc. (Water
Utilities) | | | 4,950 | | | | 704,682 | | |
Atmos Energy Corp. (Gas Utilities) | | | 3,833 | | | | 490,164 | | |
CenterPoint Energy, Inc. (Multi-Utilities) | | | 16,254 | | | | 451,049 | | |
CMS Energy Corp. (Multi-Utilities) | | | 7,588 | | | | 491,702 | | |
Consolidated Edison, Inc. (Multi-Utilities) | | | 8,788 | | | | 857,006 | | |
Constellation Energy Corp. (Electric Utilities) | | | 8,008 | | | | 1,519,918 | | |
Dominion Energy, Inc. (Multi-Utilities) | | | 21,297 | | | | 1,138,538 | | |
DTE Energy Co. (Multi-Utilities) | | | 5,257 | | | | 633,626 | | |
Duke Energy Corp. (Electric Utilities) | | | 19,608 | | | | 2,142,566 | | |
Edison International (Electric Utilities) | | | 9,776 | | | | 782,178 | | |
Entergy Corp. (Electric Utilities) | | | 5,427 | | | | 629,369 | | |
Evergy, Inc. (Electric Utilities) | | | 5,841 | | | | 338,778 | | |
Eversource Energy (Electric Utilities) | | | 8,950 | | | | 580,945 | | |
Exelon Corp. (Electric Utilities) | | | 25,407 | | | | 945,140 | | |
FirstEnergy Corp. (Electric Utilities) | | | 13,161 | | | | 551,578 | | |
NextEra Energy, Inc. (Electric Utilities) | | | 52,200 | | | | 3,987,559 | | |
NiSource, Inc. (Multi-Utilities) | | | 11,390 | | | | 355,938 | | |
NRG Energy, Inc. (Electric Utilities) | | | 5,296 | | | | 398,100 | | |
PG&E Corp. (Electric Utilities) | | | 54,295 | | | | 990,884 | | |
Pinnacle West Capital Corp. (Electric Utilities) | | | 2,886 | | | | 247,013 | | |
PPL Corp. (Electric Utilities) | | | 18,746 | | | | 557,131 | | |
Public Service Enterprise Group, Inc.
(Multi-Utilities) | | | 12,655 | | | | 1,009,489 | | |
Sempra (Multi-Utilities) | | | 16,080 | | | | 1,287,364 | | |
The AES Corp. (Independent Power and
Renewable Electricity Producers) | | | 18,055 | | | | 321,198 | | |
The Southern Co. (Electric Utilities) | | | 27,781 | | | | 2,320,269 | | |
Vistra Corp. (Independent Power and
Renewable Electricity Producers) | | | 8,298 | | | | 657,368 | | |
WEC Energy Group, Inc. (Multi-Utilities) | | | 8,023 | | | | 690,459 | | |
Xcel Energy, Inc. (Electric Utilities) | | | 14,116 | | | | 822,680 | | |
TOTAL COMMON STOCKS
(Cost $23,533,072) | | | | | 28,116,594 | | |
Repurchase Agreements(a)(b) (21.5%)
| | | Principal
Amount | | Value | |
Repurchase Agreements with various
counterparties, rates 5.11%–5.21%,
dated 7/31/24, due 8/1/24, total to be
received $8,104,170 | | $ | 8,103,000 | | | $ | 8,103,000 | | |
TOTAL REPURCHASE AGREEMENTS
(Cost $8,103,000) | | | | | 8,103,000 | | |
TOTAL INVESTMENT SECURITIES
(Cost $31,636,072)—96.3% | | | | | 36,219,594 | | |
Net other assets (liabilities)—3.7% | | | | | 1,392,425 | | |
NET ASSETS—100.0% | | | | $ | 37,612,019 | | |
(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, 2024, the aggregate amount held in a segregated account was $4,900,000.
Total Return Swap Agreements—Long
Underlying Instrument | | Counterparty | | Termination
Date(1) | | Rate Paid
(Received)(2) | | Notional
Amount | | Value and
Unrealized
Appreciation/
(Depreciation) | |
S&P Utilities Select Sector Index | | Goldman Sachs International | | 8/23/24 | | | 6.08 | % | | $ | 14,601,444 | | | $ | 474,847 | | |
S&P Utilities Select Sector Index | | UBS AG | | 8/23/24 | | | 5.68 | % | | | 13,687,564 | | | | 406,767 | | |
| | | | | | | | | $ | 28,289,008 | | | $ | 881,614 | | |
(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, 2024, 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 a part of the unrealized appreciation/(depreciation).
See accompanying notes to the financial statements.
July 31, 2024 :: Schedule of Portfolio Investments :: Utilities UltraSector ProFund :: 189
Utilities UltraSector ProFund invested in the following industries as of July 31, 2024:
| | | Value | | % of
Net Assets | |
Electric Utilities | | $ | 18,490,798 | | | | 49.2 | % | |
Gas Utilities | | | 490,164 | | | | 1.3 | % | |
Independent Power and Renewable
Electricity Producers | | | 978,566 | | | | 2.6 | % | |
Multi-Utilities | | | 7,452,384 | | | | 19.8 | % | |
Water Utilities | | | 704,682 | | | | 1.9 | % | |
Other** | | | 9,495,425 | | | | 25.2 | % | |
Total | | $ | 37,612,019 | | | | 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.
This Page Intentionally Left Blank
Statements of
Assets and Liabilities
192 :: Statements of Assets and Liabilities :: July 31, 2024
| | | Access Flex
Bear High
Yield ProFund | | Access Flex
High Yield
ProFund | | Banks
UltraSector
ProFund | | Bear
ProFund | | Biotechnology
UltraSector
ProFund | |
ASSETS: | |
Total Investment Securities, at cost | | $ | 58,000 | | | $ | 10,180,448 | | | $ | 8,786,145 | | | $ | 5,126,000 | | | $ | 97,064,572 | | |
Securities, at value(a) | | | — | | | | 6,971,680 | | | | 8,897,900 | | | | — | | | | 87,216,154 | | |
Repurchase agreements, at value | | | 58,000 | | | | 3,348,000 | | | | 2,885,000 | | | | 5,126,000 | | | | 23,828,000 | | |
Total Investment Securities, at value | | | 58,000 | | | | 10,319,680 | | | | 11,782,900 | | | | 5,126,000 | | | | 111,044,154 | | |
Cash | | | 1,192 | | | | 997 | | | | 257 | | | | 709 | | | | 309 | | |
Segregated cash balances for futures contracts with brokers | | | 4,290 | | | | 8,580 | | | | — | | | | 28,820 | | | | — | | |
Segregated cash balances for credit default swap agreements
with brokers | | | 19,453 | | | | 734,162 | | | | — | | | | — | | | | — | | |
Segregated cash balances for swap agreements with custodian | | | — | | | | — | | | | 880 | | | | 151 | | | | 654 | | |
Dividends and interest receivable | | | 8 | | | | 25,891 | | | | 3,916 | | | | 740 | | | | 34,418 | | |
Receivable for capital shares issued | | | — | | | | 145,721 | | | | 555,201 | | | | 191 | | | | 193,934 | | |
Receivable for closed swap agreements | | | 3,602 | | | | — | | | | — | | | | — | | | | — | | |
Due from Advisor under a Receivables Agreement | | | 295,692 | | | | — | | | | — | | | | — | | | | — | | |
Due from Advisor under an expense limitation agreement | | | 2,101 | | | | — | | | | — | | | | 6,410 | | | | — | | |
Unrealized appreciation on swap agreements | | | — | | | | — | | | | 61,943 | | | | — | | | | — | | |
Variation margin on futures contracts | | | — | | | | 2,813 | | | | — | | | | — | | | | — | | |
Variation margin on credit default swap agreements | | | — | | | | 28,268 | | | | — | | | | — | | | | — | | |
Prepaid expenses | | | 12,200 | | | | 8,980 | | | | 18,545 | | | | 38,058 | | | | 19,133 | | |
TOTAL ASSETS | | | 396,538 | | | | 11,275,092 | | | | 12,423,642 | | | | 5,201,079 | | | | 111,292,602 | | |
LIABILITIES: | |
Payable for collateral for securities loaned | | | — | | | | — | | | | — | | | | — | | | | 1,418,753 | | |
Payable for capital shares redeemed | | | — | | | | 398 | | | | 240,614 | | | | 51,525 | | | | 144,549 | | |
Unrealized depreciation on swap agreements | | | — | | | | — | | | | — | | | | 49,893 | | | | 707,530 | | |
Variation margin on futures contracts | | | 1,406 | | | | — | | | | — | | | | 8,550 | | | | — | | |
Variation margin on credit default swap agreements | | | 1,156 | | | | — | | | | — | | | | — | | | | — | | |
Advisory fees payable | | | — | | | | 664 | | | | 5,901 | | | | — | | | | 68,706 | | |
Management services fees payable | | | — | | | | 133 | | | | 1,180 | | | | — | | | | 13,741 | | |
Administration fees payable | | | 27 | | | | 687 | | | | 573 | | | | 345 | | | | 6,650 | | |
Distribution and services fees payable—Service Class | | | 16 | | | | 1,709 | | | | 332 | | | | 393 | | | | 2,367 | | |
Transfer agency fees payable | | | 42 | | | | 1,026 | | | | 647 | | | | 560 | | | | 6,373 | | |
Fund accounting fees payable | | | 15 | | | | 380 | | | | 345 | | | | 192 | | | | 3,719 | | |
Compliance services fees payable | | | 1 | | | | 37 | | | | 23 | | | | 28 | | | | 307 | | |
Service fees payable | | | 2 | | | | 41 | | | | 34 | | | | 21 | | | | 398 | | |
Other accrued expenses | | | 905 | | | | 13,055 | | | | 8,887 | | | | 7,705 | | | | 105,572 | | |
TOTAL LIABILITIES | | | 3,570 | | | | 18,130 | | | | 258,536 | | | | 119,212 | | | | 2,478,665 | | |
Commitments and contingencies (Note 4) | |
NET ASSETS | | $ | 392,968 | | | $ | 11,256,962 | | | $ | 12,165,106 | | | $ | 5,081,867 | | | $ | 108,813,937 | | |
NET ASSETS CONSIST OF: | |
Capital | | $ | 5,813,945 | | | $ | 12,552,781 | | | $ | 12,264,306 | | | $ | 77,114,005 | | | $ | 55,304,302 | | |
Total distributable earnings (loss) | | | (5,420,977 | ) | | | (1,295,819 | ) | | | (99,200 | ) | | | (72,032,138 | ) | | | 53,509,635 | | |
NET ASSETS | | $ | 392,968 | | | $ | 11,256,962 | | | $ | 12,165,106 | | | $ | 5,081,867 | | | $ | 108,813,937 | | |
NET ASSETS: | |
Investor Class | | $ | 374,811 | | | $ | 9,053,737 | | | $ | 11,463,862 | | | $ | 4,625,498 | | | $ | 106,025,549 | | |
Service Class | | | 18,157 | | | | 2,203,225 | | | | 701,244 | | | | 456,369 | | | | 2,788,388 | | |
SHARES OF BENEFICIAL INTEREST OUTSTANDING
(unlimited number of shares authorized, no par value): | |
Investor Class | | | 12,816 | | | | 297,452 | | | | 195,370 | | | | 379,302 | | | | 1,530,773 | | |
Service Class | | | 744 | | | | 72,534 | | | | 13,223 | | | | 41,809 | | | | 64,113 | | |
NET ASSET VALUE
(offering and redemption price per share): | |
Investor Class | | $ | 29.25 | | | $ | 30.44 | | | $ | 58.68 | | | $ | 12.19 | | | $ | 69.26 | | |
Service Class | | | 24.40 | | | | 30.38 | | | | 53.03 | | | | 10.92 | | | | 43.49 | | |
| (a) Includes securities on loan valued at: | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,394,560 | | |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
July 31, 2024 :: Statements of Assets and Liabilities :: 193
| | | Bull
ProFund | | Communication
Services
UltraSector
ProFund | | Consumer
Discretionary
UltraSector
ProFund | | Consumer
Staples
UltraSector
ProFund | | Energy
UltraSector
ProFund | |
ASSETS: | |
Total Investment Securities, at cost | | $ | 27,067,038 | | | $ | 6,904,585 | | | $ | 38,398,371 | | | $ | 2,376,408 | | | $ | 11,614,801 | | |
Securities, at value(a) | | | 43,590,134 | | | | 7,538,571 | | | | 40,156,961 | | | | 2,810,226 | | | | 21,117,851 | | |
Repurchase agreements, at value | | | 7,899,000 | | | | 1,916,000 | | | | 11,793,000 | | | | 649,000 | | | | 4,708,000 | | |
Total Investment Securities, at value | | | 51,489,134 | | | | 9,454,571 | | | | 51,949,961 | | | | 3,459,226 | | | | 25,825,851 | | |
Cash | | | 532 | | | | 40 | | | | 451 | | | | 433 | | | | 980 | | |
Segregated cash balances for futures contracts with brokers | | | 259,380 | | | | — | | | | — | | | | — | | | | — | | |
Segregated cash balances for credit default swap agreements
with brokers | | | — | | | | — | | | | — | | | | — | | | | — | | |
Segregated cash balances for swap agreements with custodian | | | 934 | | | | 39 | | | | 933 | | | | 628 | | | | 601 | | |
Dividends and interest receivable | | | 27,287 | | | | 13,292 | | | | 10,582 | | | | 4,123 | | | | 12,917 | | |
Receivable for capital shares issued | | | 345,964 | | | | 116,420 | | | | 60,817 | | | | 79,477 | | | | 576,848 | | |
Receivable for closed swap agreements | | | — | | | | — | | | | — | | | | — | | | | — | | |
Due from Advisor under a Receivables Agreement | | | — | | | | — | | | | — | | | | — | | | | — | | |
Due from Advisor under an expense limitation agreement | | | — | | | | — | | | | — | | | | — | | | | — | | |
Unrealized appreciation on swap agreements | | | 32,745 | | | | 8,155 | | | | — | | | | — | | | | 525,288 | | |
Variation margin on futures contracts | | | 76,950 | | | | — | | | | — | | | | — | | | | — | | |
Variation margin on credit default swap agreements | | | — | | | | — | | | | — | | | | — | | | | — | | |
Prepaid expenses | | | 22,673 | | | | 23,257 | | | | 17,020 | | | | 12,072 | | | | 26,539 | | |
TOTAL ASSETS | | | 52,255,599 | | | | 9,615,774 | | | | 52,039,764 | | | | 3,555,959 | | | | 26,969,024 | | |
LIABILITIES: | |
Payable for collateral for securities loaned | | | — | | | | — | | | | — | | | | — | | | | — | | |
Payable for capital shares redeemed | | | 916,841 | | | | 60,382 | | | | 456,059 | | | | 186,855 | | | | 2,029,771 | | |
Unrealized depreciation on swap agreements | | | — | | | | 37,008 | | | | 404,228 | | | | 3,371 | | | | — | | |
Variation margin on futures contracts | | | — | | | | — | | | | — | | | | — | | | | — | | |
Variation margin on credit default swap agreements | | | — | | | | — | | | | — | | | | — | | | | — | | |
Advisory fees payable | | | 35,843 | | | | 6,359 | | | | 32,495 | | | | 819 | | | | 16,396 | | |
Management services fees payable | | | 7,169 | | | | 1,272 | | | | 6,499 | | | | 164 | | | | 3,279 | | |
Administration fees payable | | | 3,459 | | | | 642 | | | | 3,139 | | | | 212 | | | | 1,584 | | |
Distribution and services fees payable—Service Class | | | 9,336 | | | | 192 | | | | 491 | | | | 178 | | | | 877 | | |
Transfer agency fees payable | | | 6,354 | | | | 656 | | | | 2,131 | | | | 289 | | | | 2,257 | | |
Fund accounting fees payable | | | 2,065 | | | | 362 | | | | 1,752 | | | | 128 | | | | 883 | | |
Compliance services fees payable | | | 145 | | | | 25 | | | | 108 | | | | 9 | | | | 80 | | |
Service fees payable | | | 207 | | | | 38 | | | | 188 | | | | 13 | | | | 95 | | |
Other accrued expenses | | | 43,680 | | | | 8,582 | | | | 42,117 | | | | 3,422 | | | | 32,686 | | |
TOTAL LIABILITIES | | | 1,025,099 | | | | 115,518 | | | | 949,207 | | | | 195,460 | | | | 2,087,908 | | |
Commitments and contingencies (Note 4) | |
NET ASSETS | | $ | 51,230,500 | | | $ | 9,500,256 | | | $ | 51,090,557 | | | $ | 3,360,499 | | | $ | 24,881,116 | | |
NET ASSETS CONSIST OF: | |
Capital | | $ | 26,955,191 | | | $ | 8,162,507 | | | $ | 33,668,477 | | | $ | 2,715,547 | | | $ | 9,603,226 | | |
Total distributable earnings (loss) | | | 24,275,309 | | | | 1,337,749 | | | | 17,422,080 | | | | 644,952 | | | | 15,277,890 | | |
NET ASSETS | | $ | 51,230,500 | | | $ | 9,500,256 | | | $ | 51,090,557 | | | $ | 3,360,499 | | | $ | 24,881,116 | | |
NET ASSETS: | |
Investor Class | | $ | 44,496,574 | | | $ | 9,076,538 | | | $ | 50,496,605 | | | $ | 3,208,948 | | | $ | 23,691,096 | | |
Service Class | | | 6,733,926 | | | | 423,718 | | | | 593,952 | | | | 151,551 | | | | 1,190,020 | | |
SHARES OF BENEFICIAL INTEREST OUTSTANDING
(unlimited number of shares authorized, no par value): | |
Investor Class | | | 647,923 | | | | 56,893 | | | | 869,030 | | | | 43,243 | | | | 513,085 | | |
Service Class | | | 128,788 | | | | 3,369 | | | | 12,810 | | | | 2,357 | | | | 30,403 | | |
NET ASSET VALUE
(offering and redemption price per share): | |
Investor Class | | $ | 68.68 | | | $ | 159.54 | | | $ | 58.11 | | | $ | 74.21 | | | $ | 46.17 | | |
Service Class | | | 52.29 | | | | 125.77 | | | | 46.37 | | | | 64.30 | | | | 39.14 | | |
| (a) Includes securities on loan valued at: | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | |
See accompanying notes to the financial statements.
194 :: Statements of Assets and Liabilities :: July 31, 2024
| | | Europe 30
ProFund | | Falling
U.S. Dollar
ProFund | | Financials
UltraSector
ProFund | | Health Care
UltraSector
ProFund | | Industrials
UltraSector
ProFund | |
ASSETS: | |
Total Investment Securities, at cost | | $ | 3,722,914 | | | $ | 1,128,000 | | | $ | 29,903,866 | | | $ | 7,151,820 | | | $ | 3,881,483 | | |
Securities, at value(a) | | | 4,510,027 | | | | — | | | | 25,755,619 | | | | 12,640,086 | | | | 5,045,177 | | |
Repurchase agreements, at value | | | — | | | | 1,128,000 | | | | 9,291,000 | | | | 3,985,000 | | | | 978,000 | | |
Total Investment Securities, at value | | | 4,510,027 | | | | 1,128,000 | | | | 35,046,619 | | | | 16,625,086 | | | | 6,023,177 | | |
Cash | | | — | | | | 877 | | | | 488 | | | | 372 | | | | 38 | | |
Segregated cash balances for swap agreements with custodian | | | — | | | | — | | | | 232 | | | | 157 | | | | 930 | | |
Segregated cash balances for forward currency contracts
with custodian | | | — | | | | 901 | | | | — | | | | — | | | | — | | |
Dividends and interest receivable | | | 5,233 | | | | 163 | | | | 18,624 | | | | 19,451 | | | | 4,906 | | |
Receivable for investments sold | | | 93,095 | | | | — | | | | — | | | | — | | | | — | | |
Receivable for capital shares issued | | | 10,491 | | | | 5,797 | | | | 407,672 | | | | 99,717 | | | | 269,663 | | |
Unrealized appreciation on forward currency contracts | | | — | | | | 18,790 | | | | — | | | | — | | | | — | | |
Unrealized appreciation on swap agreements | | | — | | | | — | | | | 366,909 | | | | 43,574 | | | | 34,393 | | |
Prepaid expenses | | | 12,158 | | | | 8,745 | | | | 23,575 | | | | 22,359 | | | | 12,365 | | |
Receivable for tax reclaims | | | 5,637 | | | | — | | | | — | | | | — | | | | — | | |
TOTAL ASSETS | | | 4,636,641 | | | | 1,163,273 | | | | 35,864,119 | | | | 16,810,716 | | | | 6,345,472 | | |
LIABILITIES: | |
Cash overdraft | | | 8,951 | | | | — | | | | — | | | | — | | | | — | | |
Payable for investments purchased | | | — | | | | — | | | | — | | | | — | | | | — | | |
Payable for collateral for securities loaned | | | 296,101 | | | | — | | | | — | | | | — | | | | — | | |
Payable for capital shares redeemed | | | 109,342 | | | | 287 | | | | 1,325,590 | | | | 1,776,033 | | | | 822 | | |
Unrealized depreciation on forward currency contracts | | | — | | | | 10,168 | | | | — | | | | — | | | | — | | |
Unrealized depreciation on swap agreements | | | — | | | | — | | | | — | | | | — | | | | — | | |
Advisory fees payable | | | 2,720 | | | | 849 | | | | 35,092 | | | | 9,726 | | | | 16,934 | | |
Management services fees payable | | | 544 | | | | 170 | | | | 7,018 | | | | 1,945 | | | | 3,387 | | |
Administration fees payable | | | 267 | | | | 68 | | | | 1,926 | | | | 940 | | | | 408 | | |
Distribution and services fees payable—Service Class | | | 406 | | | | 6 | | | | 429 | | | | 866 | | | | 237 | | |
Transfer agency fees payable | | | 286 | | | | 95 | | | | 1,677 | | | | 1,152 | | | | 992 | | |
Fund accounting fees payable | | | 157 | | | | 38 | | | | 1,087 | | | | 539 | | | | 249 | | |
Compliance services fees payable | | | 5 | | | | 3 | | | | 78 | | | | 47 | | | | 75 | | |
Service fees payable | | | 16 | | | | 4 | | | | 115 | | | | 56 | | | | 24 | | |
Other accrued expenses | | | 3,688 | | | | 4,144 | | | | 25,532 | | | | 15,760 | | | | 14,188 | | |
TOTAL LIABILITIES | | | 422,483 | | | | 15,832 | | | | 1,398,544 | | | | 1,807,064 | | | | 37,316 | | |
Commitments and contingencies (Note 4) | |
NET ASSETS | | $ | 4,214,158 | | | $ | 1,147,441 | | | $ | 34,465,575 | | | $ | 15,003,652 | | | $ | 6,308,156 | | |
NET ASSETS CONSIST OF: | |
Capital | | $ | 8,286,879 | | | $ | 3,827,220 | | | $ | 27,615,422 | | | $ | 7,185,772 | | | $ | 2,155,000 | | |
Total distributable earnings (loss) | | | (4,072,721 | ) | | | (2,679,779 | ) | | | 6,850,153 | | | | 7,817,880 | | | | 4,153,156 | | |
NET ASSETS | | $ | 4,214,158 | | | $ | 1,147,441 | | | $ | 34,465,575 | | | $ | 15,003,652 | | | $ | 6,308,156 | | |
NET ASSETS: | |
Investor Class | | $ | 3,733,173 | | | $ | 1,139,048 | | | $ | 33,785,745 | | | $ | 13,840,993 | | | $ | 6,016,200 | | |
Service Class | | | 480,985 | | | | 8,393 | | | | 679,830 | | | | 1,162,659 | | | | 291,956 | | |
SHARES OF BENEFICIAL INTEREST OUTSTANDING
(unlimited number of shares authorized, no par value): | |
Investor Class | | | 234,735 | | | | 81,929 | | | | 912,642 | | | | 122,288 | | | | 94,744 | | |
Service Class | | | 27,656 | | | | 680 | | | | 22,758 | | | | 12,925 | | | | 5,575 | | |
NET ASSET VALUE
(offering and redemption price per share): | |
Investor Class | | $ | 15.90 | | | $ | 13.90 | | | $ | 37.02 | | | $ | 113.18 | | | $ | 63.50 | | |
Service Class | | | 17.39 | | | | 12.34 | | | | 29.87 | | | | 89.95 | | | | 52.37 | | |
| (a) Includes securities on loan valued at: | | $ | 292,824 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
July 31, 2024 :: Statements of Assets and Liabilities :: 195
| | | Internet
UltraSector
ProFund | | Large-Cap
Growth
ProFund | | Large-Cap
Value
ProFund | | Materials
UltraSector
ProFund | | Mid-Cap
Growth
ProFund | |
ASSETS: | |
Total Investment Securities, at cost | | $ | 43,814,667 | | | $ | 13,251,648 | | | $ | 4,813,653 | | | $ | 2,961,325 | | | $ | 4,240,440 | | |
Securities, at value(a) | | | 66,668,140 | | | | 22,987,985 | | | | 7,161,702 | | | | 4,422,033 | | | | 5,643,330 | | |
Repurchase agreements, at value | | | 12,153,000 | | | | 88,000 | | | | 54,000 | | | | 863,000 | | | | — | | |
Total Investment Securities, at value | | | 78,821,140 | | | | 23,075,985 | | | | 7,215,702 | | | | 5,285,033 | | | | 5,643,330 | | |
Cash | | | 904 | | | | 743 | | | | 430 | | | | 231 | | | | — | | |
Segregated cash balances for swap agreements with custodian | | | 900 | | | | — | | | | — | | | | 427 | | | | — | | |
Segregated cash balances for forward currency contracts
with custodian | | | — | | | | — | | | | — | | | | — | | | | — | | |
Dividends and interest receivable | | | 1,755 | | | | 5,973 | | | | 7,009 | | | | 3,536 | | | | 1,347 | | |
Receivable for investments sold | | | — | | | | — | | | | — | | | | — | | | | — | | |
Receivable for capital shares issued | | | 186,015 | | | | 455,291 | | | | 34,543 | | | | 37,379 | | | | 5,300 | | |
Unrealized appreciation on forward currency contracts | | | — | | | | — | | | | — | | | | — | | | | — | | |
Unrealized appreciation on swap agreements | | | — | | | | — | | | | — | | | | 47,474 | | | | — | | |
Prepaid expenses | | | 17,780 | | | | 78,263 | | | | 32,108 | | | | 18,527 | | | | 20,422 | | |
Receivable for tax reclaims | | | — | | | | — | | | | — | | | | — | | | | — | | |
TOTAL ASSETS | | | 79,028,494 | | | | 23,616,255 | | | | 7,289,792 | | | | 5,392,607 | | | | 5,670,399 | | |
LIABILITIES: | |
Cash overdraft | | | — | | | | — | | | | — | | | | — | | | | 5,276 | | |
Payable for investments purchased | | | — | | | | 531,373 | | | | 79,917 | | | | — | | | | 146 | | |
Payable for collateral for securities loaned | | | — | | | | — | | | | — | | | | — | | | | 7,179 | | |
Payable for capital shares redeemed | | | 59,333 | | | | 15,076 | | | | 12,151 | | | | 9,786 | | | | 801 | | |
Unrealized depreciation on forward currency contracts | | | — | | | | — | | | | — | | | | — | | | | — | | |
Unrealized depreciation on swap agreements | | | 699,230 | | | | — | | | | — | | | | — | | | | — | | |
Advisory fees payable | | | 52,238 | | | | 15,566 | | | | 6,995 | | | | 2,894 | | | | 1,703 | | |
Management services fees payable | | | 10,448 | | | | 3,113 | | | | 1,399 | | | | 579 | | | | 341 | | |
Administration fees payable | | | 5,033 | | | | 1,501 | | | | 394 | | | | 352 | | | | 296 | | |
Distribution and services fees payable—Service Class | | | 3,213 | | | | 1,688 | | | | 1,968 | | | | 300 | | | | 549 | | |
Transfer agency fees payable | | | 5,439 | | | | 2,246 | | | | 788 | | | | 497 | | | | 433 | | |
Fund accounting fees payable | | | 2,797 | | | | 899 | | | | 351 | | | | 203 | | | | 238 | | |
Compliance services fees payable | | | 251 | | | | 76 | | | | 20 | | | | 15 | | | | 19 | | |
Service fees payable | | | 301 | | | | 90 | | | | 24 | | | | 21 | | | | 18 | | |
Other accrued expenses | | | 81,490 | | | | 20,290 | | | | 10,812 | | | | 6,144 | | | | 4,616 | | |
TOTAL LIABILITIES | | | 919,773 | | | | 591,918 | | | | 114,819 | | | | 20,791 | | | | 21,615 | | |
Commitments and contingencies (Note 4) | |
NET ASSETS | | $ | 78,108,721 | | | $ | 23,024,337 | | | $ | 7,174,973 | | | $ | 5,371,816 | | | $ | 5,648,784 | | |
NET ASSETS CONSIST OF: | |
Capital | | $ | 73,645,386 | | | $ | 14,129,578 | | | $ | 3,179,805 | | | $ | 4,422,987 | | | $ | 4,205,843 | | |
Total distributable earnings (loss) | | | 4,463,335 | | | | 8,894,759 | | | | 3,995,168 | | | | 948,829 | | | | 1,442,941 | | |
NET ASSETS | | $ | 78,108,721 | | | $ | 23,024,337 | | | $ | 7,174,973 | | | $ | 5,371,816 | | | $ | 5,648,784 | | |
NET ASSETS: | |
Investor Class | | $ | 74,779,466 | | | $ | 20,990,309 | | | $ | 4,799,957 | | | $ | 4,984,739 | | | $ | 4,934,335 | | |
Service Class | | | 3,329,255 | | | | 2,034,028 | | | | 2,375,016 | | | | 387,077 | | | | 714,449 | | |
SHARES OF BENEFICIAL INTEREST OUTSTANDING
(unlimited number of shares authorized, no par value): | |
Investor Class | | | 1,780,173 | | | | 127,594 | | | | 44,430 | | | | 42,301 | | | | 45,590 | | |
Service Class | | | 123,996 | | | | 15,936 | | | | 25,672 | | | | 3,841 | | | | 9,052 | | |
NET ASSET VALUE
(offering and redemption price per share): | |
Investor Class | | $ | 42.01 | | | $ | 164.51 | | | $ | 108.03 | | | $ | 117.84 | | | $ | 108.23 | | |
Service Class | | | 26.85 | | | | 127.64 | | | | 92.51 | | | | 100.78 | | | | 78.93 | | |
| (a) Includes securities on loan valued at: | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 6,910 | | |
See accompanying notes to the financial statements.
196 :: Statements of Assets and Liabilities :: July 31, 2024
| | | Mid-Cap
ProFund | | Mid-Cap Value
ProFund | | Nasdaq-100
ProFund | | Oil & Gas
Equipment &
Services
UltraSector
ProFund | | Pharmaceuticals
UltraSector
ProFund | |
ASSETS: | |
Total Investment Securities, at cost | | $ | 8,319,583 | | | $ | 3,748,568 | | | $ | 101,292,267 | | | $ | 7,693,515 | | | $ | 2,322,948 | | |
Securities, at value(a) | | | 5,097,918 | | | | 4,524,418 | | | | 72,002,204 | | | | 11,883,558 | | | | 2,527,053 | | |
Repurchase agreements, at value | | | 5,272,000 | | | | — | | | | 72,984,000 | | | | 2,294,000 | | | | 553,000 | | |
Total Investment Securities, at value | | | 10,369,918 | | | | 4,524,418 | | | | 144,986,204 | | | | 14,177,558 | | | | 3,080,053 | | |
Cash | | | 192 | | | | — | | | | 600 | | | | — | | | | 1,754 | | |
Segregated cash balances for futures contracts with brokers | | | — | | | | — | | | | 784,080 | | | | — | | | | — | | |
Segregated cash balances for swap agreements with custodian | | | 317 | | | | — | | | | 864 | | | | 1,224 | | | | 96 | | |
Segregated cash balances for forward currency contracts
with custodian | | | — | | | | — | | | | — | | | | — | | | | — | | |
Dividends and interest receivable | | | 2,036 | | | | 891 | | | | 20,666 | | | | 331 | | | | 3,185 | | |
Receivable for investments sold | | | — | | | | — | | | | — | | | | 200,959 | | | | — | | |
Receivable for capital shares issued | | | 102,945 | | | | 185,445 | | | | 1,013,687 | | | | 110,236 | | | | 20,343 | | |
Receivable for closed forward currency contracts | | | — | | | | — | | | | — | | | | — | | | | — | | |
Due from Advisor under a Receivables Agreement | | | — | | | | — | | | | — | | | | — | | | | — | | |
Due from Advisor under an expense limitation agreement | | | — | | | | 342 | | | | — | | | | — | | | | — | | |
Unrealized appreciation on forward currency contracts | | | — | | | | — | | | | — | | | | — | | | | — | | |
Unrealized appreciation on swap agreements | | | 47,846 | | | | — | | | | 1,024,378 | | | | 315,706 | | | | 46,194 | | |
Variation margin on futures contracts | | | — | | | | — | | | | 204,840 | | | | — | | | | — | | |
Prepaid expenses | | | 20,600 | | | | 19,022 | | | | 47,165 | | | | 15,352 | | | | 17,389 | | |
TOTAL ASSETS | | | 10,543,854 | | | | 4,730,118 | | | | 148,082,484 | | | | 14,821,366 | | | | 3,169,014 | | |
LIABILITIES: | |
Cash overdraft | | | — | | | | 4,684 | | | | — | | | | 200,413 | | | | — | | |
Payable for investments purchased | | | 649 | | | | 165,923 | | | | — | | | | — | | | | 919 | | |
Payable for collateral for securities loaned | | | 8,448 | | | | 6,481 | | | | — | | | | — | | | | 41,814 | | |
Payable for capital shares redeemed | | | — | | | | 857 | | | | 11,651,556 | | | | 12,436 | | | | 115,428 | | |
Unrealized depreciation on forward currency contracts | | | — | | | | — | | | | — | | | | — | | | | — | | |
Unrealized depreciation on swap agreements | | | — | | | | — | | | | — | | | | — | | | | — | | |
Advisory fees payable | | | 5,930 | | | | — | | | | 82,755 | | | | 9,866 | | | | 608 | | |
Management services fees payable | | | 1,186 | | | | — | | | | 17,733 | | | | 1,973 | | | | 121 | | |
Administration fees payable | | | 452 | | | | 153 | | | | 8,551 | | | | 955 | | | | 178 | | |
Distribution and services fees payable—Service Class | | | 1,561 | | | | 439 | | | | 8,560 | | | | 1,342 | | | | 281 | | |
Transfer agency fees payable | | | 813 | | | | 243 | | | | 10,555 | | | | 1,437 | | | | 239 | | |
Fund accounting fees payable | | | 371 | | | | 174 | | | | 4,761 | | | | 539 | | | | 111 | | |
Compliance services fees payable | | | 28 | | | | 7 | | | | 374 | | | | 49 | | | | 9 | | |
Service fees payable | | | 27 | | | | 9 | | | | 512 | | | | 57 | | | | 11 | | |
Other accrued expenses | | | 6,057 | | | | 2,493 | | | | 133,857 | | | | 17,355 | | | | 3,090 | | |
TOTAL LIABILITIES | | | 25,522 | | | | 181,463 | | | | 11,919,214 | | | | 246,422 | | | | 162,809 | | |
Commitments and contingencies (Note 4) | |
NET ASSETS | | $ | 10,518,332 | | | $ | 4,548,655 | | | $ | 136,163,270 | | | $ | 14,574,944 | | | $ | 3,006,205 | | |
NET ASSETS CONSIST OF: | |
Capital | | $ | 9,544,948 | | | $ | 4,214,023 | | | $ | 75,591,288 | | | $ | 26,246,295 | | | $ | 3,790,168 | | |
Total distributable earnings (loss) | | | 973,384 | | | | 334,632 | | | | 60,571,982 | | | | (11,671,351 | ) | | | (783,963 | ) | |
NET ASSETS | | $ | 10,518,332 | | | $ | 4,548,655 | | | $ | 136,163,270 | | | $ | 14,574,944 | | | $ | 3,006,205 | | |
NET ASSETS: | |
Investor Class | | $ | 5,811,815 | | | $ | 4,007,158 | | | $ | 126,079,573 | | | $ | 14,487,380 | | | $ | 2,770,209 | | |
Service Class | | | 4,706,517 | | | | 541,497 | | | | 10,083,697 | | | | 87,564 | | | | 235,996 | | |
SHARES OF BENEFICIAL INTEREST OUTSTANDING
(unlimited number of shares authorized, no par value): | |
Investor Class | | | 46,539 | | | | 35,971 | | | | 754,105 | | | | 116,159 | | | | 108,192 | | |
Service Class | | | 48,614 | | | | 6,223 | | | | 78,418 | | | | 809 | | | | 11,186 | | |
NET ASSET VALUE
(offering and redemption price per share): | |
Investor Class | | $ | 124.88 | | | $ | 111.40 | | | $ | 167.19 | | | $ | 124.72 | | | $ | 25.60 | | |
Service Class | | | 96.81 | | | | 87.02 | | | | 128.59 | | | | 108.24 | | | | 21.10 | | |
| (a) Includes securities on loan valued at: | | $ | 8,181 | | | $ | 6,245 | | | $ | — | | | $ | — | | | $ | 51,617 | | |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
July 31, 2024 :: Statements of Assets and Liabilities :: 197
| | | Precious
Metals
UltraSector
ProFund | | Real Estate
UltraSector
ProFund | | Rising Rates
Opportunity
ProFund | | Rising Rates
Opportunity 10
ProFund | | Rising
U.S. Dollar
ProFund | |
ASSETS: | |
Total Investment Securities, at cost | | $ | 16,847,527 | | | $ | 3,402,889 | | | $ | 9,190,000 | | | $ | 1,993,000 | | | $ | 9,237,000 | | |
Securities, at value(a) | | | 22,249,663 | | | | 4,048,803 | | | | — | | | | — | | | | — | | |
Repurchase agreements, at value | | | 7,483,000 | | | | 1,340,000 | | | | 9,190,000 | | | | 1,993,000 | | | | 9,237,000 | | |
Total Investment Securities, at value | | | 29,732,663 | | | | 5,388,803 | | | | 9,190,000 | | | | 1,993,000 | | | | 9,237,000 | | |
Cash | | | 431 | | | | 495 | | | | 289 | | | | 774 | | | | 936 | | |
Segregated cash balances for futures contracts with brokers | | | — | | | | — | | | | — | | | | — | | | | — | | |
Segregated cash balances for swap agreements with custodian | | | 1,804 | | | | 858 | | | | — | | | | — | | | | — | | |
Segregated cash balances for forward currency contracts
with custodian | | | — | | | | — | | | | — | | | | — | | | | 556 | | |
Dividends and interest receivable | | | 1,091 | | | | 193 | | | | 1,327 | | | | 288 | | | | 1,334 | | |
Receivable for investments sold | | | — | | | | — | | | | — | | | | — | | | | — | | |
Receivable for capital shares issued | | | 287,385 | | | | 115,145 | | | | 78,109 | | | | — | | | | 45,876 | | |
Receivable for closed forward currency contracts | | | — | | | | — | | | | — | | | | — | | | | 7,709 | | |
Due from Advisor under a Receivables Agreement | | | — | | | | — | | | | — | | | | — | | | | 681,711 | | |
Due from Advisor under an expense limitation agreement | | | — | | | | — | | | | — | | | | — | | | | 850 | | |
Unrealized appreciation on forward currency contracts | | | — | | | | — | | | | — | | | | — | | | | 35,448 | | |
Unrealized appreciation on swap agreements | | | 406,924 | | | | 22,055 | | | | — | | | | — | | | | — | | |
Variation margin on futures contracts | | | — | | | | — | | | | — | | | | — | | | | — | | |
Prepaid expenses | | | 20,074 | | | | 19,774 | | | | 20,437 | | | | 7,301 | | | | 10,218 | | |
TOTAL ASSETS | | | 30,450,372 | | | | 5,547,323 | | | | 9,290,162 | | | | 2,001,363 | | | | 10,021,638 | | |
LIABILITIES: | |
Cash overdraft | | | — | | | | — | | | | — | | | | — | | | | — | | |
Payable for investments purchased | | | — | | | | — | | | | — | | | | — | | | | — | | |
Payable for collateral for securities loaned | | | — | | | | — | | | | — | | | | — | | | | — | | |
Payable for capital shares redeemed | | | 1,366,727 | | | | 139,792 | | | | 19,355 | | | | 3,296 | | | | 32,038 | | |
Unrealized depreciation on forward currency contracts | | | — | | | | — | | | | — | | | | — | | | | 123,200 | | |
Unrealized depreciation on swap agreements | | | — | | | | — | | | | 220,774 | | | | 26,669 | | | | — | | |
Advisory fees payable | | | 17,327 | | | | 1,317 | | | | 6,052 | | | | 1,248 | | | | — | | |
Management services fees payable | | | 3,465 | | | | 264 | | | | 1,210 | | | | 250 | | | | — | | |
Administration fees payable | | | 1,682 | | | | 303 | | | | 538 | | | | 119 | | | | 619 | | |
Distribution and services fees payable—Service Class | | | 1,681 | | | | 288 | | | | 184 | | | | 259 | | | | 50 | | |
Transfer agency fees payable | | | 2,174 | | | | 363 | | | | 806 | | | | 152 | | | | 1,410 | | |
Fund accounting fees payable | | | 939 | | | | 177 | | | | 323 | | | | 71 | | | | 342 | | |
Compliance services fees payable | | | 70 | | | | 11 | | | | 36 | | | | 4 | | | | 27 | | |
Service fees payable | | | 101 | | | | 18 | | | | 35 | | | | 8 | | | | 37 | | |
Other accrued expenses | | | 24,815 | | | | 4,347 | | | | 12,171 | | | | 2,205 | | | | 22,659 | | |
TOTAL LIABILITIES | | | 1,418,981 | | | | 146,880 | | | | 261,484 | | | | 34,281 | | | | 180,382 | | |
Commitments and contingencies (Note 4) | |
NET ASSETS | | $ | 29,031,391 | | | $ | 5,400,443 | | | $ | 9,028,678 | | | $ | 1,967,082 | | | $ | 9,841,256 | | |
NET ASSETS CONSIST OF: | |
Capital | | $ | 81,044,740 | | | $ | 7,821,917 | | | $ | 50,157,583 | | | $ | 5,462,931 | | | $ | 11,842,601 | | |
Total distributable earnings (loss) | | | (52,013,349 | ) | | | (2,421,474 | ) | | | (41,128,905 | ) | | | (3,495,849 | ) | | | (2,001,345 | ) | |
NET ASSETS | | $ | 29,031,391 | | | $ | 5,400,443 | | | $ | 9,028,678 | | | $ | 1,967,082 | | | $ | 9,841,256 | | |
NET ASSETS: | |
Investor Class | | $ | 26,708,612 | | | $ | 5,066,170 | | | $ | 8,876,185 | | | $ | 1,830,155 | | | $ | 9,791,391 | | |
Service Class | | | 2,322,779 | | | | 334,273 | | | | 152,493 | | | | 136,927 | | | | 49,865 | | |
SHARES OF BENEFICIAL INTEREST OUTSTANDING
(unlimited number of shares authorized, no par value): | |
Investor Class | | | 464,071 | | | | 119,897 | | | | 220,153 | | | | 122,147 | | | | 321,787 | | |
Service Class | | | 48,591 | | | | 8,527 | | | | 4,222 | | | | 9,916 | | | | 1,928 | | |
NET ASSET VALUE
(offering and redemption price per share): | |
Investor Class | | $ | 57.55 | | | $ | 42.25 | | | $ | 40.32 | | | $ | 14.98 | | | $ | 30.43 | | |
Service Class | | | 47.80 | | | | 39.20 | | | | 36.12 | | | | 13.81 | | | | 25.86 | | |
| (a) Includes securities on loan valued at: | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | |
See accompanying notes to the financial statements.
198 :: Statements of Assets and Liabilities :: July 31, 2024
| | | Semiconductor
UltraSector
ProFund | | Short
Energy
ProFund | | Short
Nasdaq-100
ProFund | | Short
Precious
Metals
ProFund | | Short
Real Estate
ProFund | |
ASSETS: | |
Total Investment Securities, at cost | | $ | 158,267,819 | | | $ | 519,000 | | | $ | 1,654,000 | | | $ | 621,000 | | | $ | 1,164,000 | | |
Securities, at value(a) | | | 183,759,578 | | | | — | | | | — | | | | — | | | | — | | |
Repurchase agreements, at value | | | 110,633,000 | | | | 519,000 | | | | 1,654,000 | | | | 621,000 | | | | 1,164,000 | | |
Total Investment Securities, at value | | | 294,392,578 | | | | 519,000 | | | | 1,654,000 | | | | 621,000 | | | | 1,164,000 | | |
Cash | | | 762 | | | | 945 | | | | 5,498 | | | | 160 | | | | 264 | | |
Segregated cash balances for futures contracts with brokers | | | — | | | | — | | | | 43,560 | | | | — | | | | — | | |
Segregated cash balances for swap agreements with custodian | | | 1,297 | | | | 445 | | | | 676 | | | | 632 | | | | 908 | | |
Dividends and interest receivable | | | 81,627 | | | | 75 | | | | 239 | | | | 90 | | | | 168 | | |
Receivable for investments sold | | | 110,255,286 | | | | — | | | | — | | | | — | | | | — | | |
Receivable for capital shares issued | | | 5,173,977 | | | | 1,959 | | | | 267,240 | | | | 727,428 | | | | 5,547 | | |
Due from Advisor under an expense limitation agreement | | | — | | | | 1,552 | | | | — | | | | — | | | | 989 | | |
Unrealized appreciation on swap agreements | | | — | | | | — | | | | — | | | | 83,051 | | | | — | | |
Variation margin on futures contracts | | | — | | | | — | | | | — | | | | — | | | | — | | |
Prepaid expenses | | | 35,688 | | | | 19,511 | | | | 41,213 | | | | 7,834 | | | | 19,263 | | |
TOTAL ASSETS | | | 409,941,215 | | | | 543,487 | | | | 2,012,426 | | | | 1,440,195 | | | | 1,191,139 | | |
LIABILITIES: | |
Cash overdraft | | | — | | | | — | | | | — | | | | — | | | | — | | |
Payable for investments purchased | | | — | | | | — | | | | — | | | | — | | | | — | | |
Payable for collateral for securities loaned | | | — | | | | — | | | | — | | | | — | | | | — | | |
Payable for capital shares redeemed | | | 5,116,205 | | | | 21,872 | | | | 4,507 | | | | 20,359 | | | | 21,260 | | |
Unrealized depreciation on swap agreements | | | 8,688,474 | | | | 19,957 | | | | 22,502 | | | | — | | | | 8,839 | | |
Variation margin on futures contracts | | | — | | | | — | | | | 11,380 | | | | — | | | | — | | |
Advisory fees payable | | | 273,350 | | | | — | | | | 3,678 | | | | 4,736 | | | | — | | |
Management services fees payable | | | 54,670 | | | | — | | | | 736 | | | | 947 | | | | — | | |
Administration fees payable | | | 26,311 | | | | 36 | | | | 110 | | | | 286 | | | | 66 | | |
Distribution and services fees payable—Service Class | | | 15,773 | | | | 24 | | | | 99 | | | | 21 | | | | 14 | | |
Transfer agency fees payable | | | 27,507 | | | | 51 | | | | 149 | | | | 325 | | | | 89 | | |
Fund accounting fees payable | | | 14,566 | | | | 22 | | | | 62 | | | | 172 | | | | 40 | | |
Compliance services fees payable | | | 1,045 | | | | 2 | | | | 5 | | | | 13 | | | | 5 | | |
Service fees payable | | | 1,575 | | | | 2 | | | | 7 | | | | 19 | | | | 4 | | |
Other accrued expenses | | | 320,626 | | | | 662 | | | | 4,830 | | | | 4,137 | | | | 1,746 | | |
TOTAL LIABILITIES | | | 14,540,102 | | | | 42,628 | | | | 48,065 | | | | 31,015 | | | | 32,063 | | |
Commitments and contingencies (Note 4) | |
NET ASSETS | | $ | 395,401,113 | | | $ | 500,859 | | | $ | 1,964,361 | | | $ | 1,409,180 | | | $ | 1,159,076 | | |
NET ASSETS CONSIST OF: | |
Capital | | $ | 142,112,138 | | | $ | 2,743,710 | | | $ | 18,870,987 | | | $ | 12,064,326 | | | $ | 6,204,465 | | |
Total distributable earnings (loss) | | | 253,288,975 | | | | (2,242,851 | ) | | | (16,906,626 | ) | | | (10,655,146 | ) | | | (5,045,389 | ) | |
NET ASSETS | | $ | 395,401,113 | | | $ | 500,859 | | | $ | 1,964,361 | | | $ | 1,409,180 | | | $ | 1,159,076 | | |
NET ASSETS: | |
Investor Class | | $ | 378,352,068 | | | $ | 484,049 | | | $ | 1,852,717 | | | $ | 1,400,926 | | | $ | 1,152,876 | | |
Service Class | | | 17,049,045 | | | | 16,810 | | | | 111,644 | | | | 8,254 | | | | 6,200 | | |
SHARES OF BENEFICIAL INTEREST OUTSTANDING
(unlimited number of shares authorized, no par value): | |
Investor Class | | | 1,106,710 | | | | 35,111 | | | | 38,049 | | | | 145,333 | | | | 138,212 | | |
Service Class | | | 69,186 | | | | 1,344 | | | | 2,642 | | | | 887 | | | | 868 | | |
NET ASSET VALUE
(offering and redemption price per share): | |
Investor Class | | $ | 341.87 | | | $ | 13.79 | | | $ | 48.69 | | | $ | 9.64 | | | $ | 8.34 | | |
Service Class | | | 246.42 | | | | 12.51 | | | | 42.26 | | | | 9.31 | | | | 7.14 | | |
| (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, 2024 :: Statements of Assets and Liabilities :: 199
| | | Short
Small-Cap
ProFund | | Small-Cap
Growth
ProFund | | Small-Cap
ProFund | | Small-Cap
Value
ProFund | | Technology
UltraSector
ProFund | |
ASSETS: | |
Total Investment Securities, at cost | | $ | 554,000 | | | $ | 4,945,815 | | | $ | 3,836,789 | | | $ | 50,652,815 | | | $ | 60,894,683 | | |
Securities, at value(a) | | | — | | | | 6,721,250 | | | | 2,565,730 | | | | 52,004,106 | | | | 76,257,693 | | |
Repurchase agreements, at value | | | 554,000 | | | | — | | | | 2,413,000 | | | | 30,000 | | | | 15,663,000 | | |
Total Investment Securities, at value | | | 554,000 | | | | 6,721,250 | | | | 4,978,730 | | | | 52,034,106 | | | | 91,920,693 | | |
Cash | | | 230 | | | | — | | | | 1,644 | | | | — | | | | 426 | | |
Segregated cash balances for futures contracts with brokers | | | — | | | | — | | | | 44,880 | | | | — | | | | — | | |
Segregated cash balances for swap agreements with custodian | | | 723 | | | | — | | | | 765 | | | | — | | | | 768 | | |
Dividends and interest receivable | | | 80 | | | | 1,253 | | | | 1,079 | | | | 5,076 | | | | 18,471 | | |
Receivable for investments sold | | | — | | | | 19,888 | | | | 1,646 | | | | 95,202 | | | | — | | |
Receivable for capital shares issued | | | 35,000 | | | | 48,690 | | | | 39,802 | | | | 478,594 | | | | 1,312,885 | | |
Due from Advisor under an expense limitation agreement | | | — | | | | — | | | | — | | | | 801 | | | | — | | |
Unrealized appreciation on swap agreements | | | — | | | | — | | | | 31,872 | | | | — | | | | — | | |
Variation margin on futures contracts | | | — | | | | — | | | | 2,085 | | | | — | | | | — | | |
Prepaid expenses | | | 81,665 | | | | 19,392 | | | | 19,172 | | | | 36,121 | | | | 26,764 | | |
TOTAL ASSETS | | | 671,698 | | | | 6,810,473 | | | | 5,121,675 | | | | 52,649,900 | | | | 93,280,007 | | |
LIABILITIES: | |
Cash overdraft | | | — | | | | 23,612 | | | | — | | | | 11,985 | | | | — | | |
Payable for investments purchased | | | — | | | | 956 | | | | 541 | | | | 98,464 | | | | — | | |
Payable for collateral for securities loaned | | | — | | | | 4,055 | | | | 27,000 | | | | 72,466 | | | | — | | |
Payable for capital shares redeemed | | | 3,000 | | | | 2,102 | | | | 56,544 | | | | 232,938 | | | | 323,620 | | |
Unrealized depreciation on swap agreements | | | 5,486 | | | | — | | | | — | | | | — | | | | 1,975,069 | | |
Variation margin on futures contracts | | | — | | | | — | | | | — | | | | — | | | | — | | |
Advisory fees payable | | | 4,979 | | | | 2,063 | | | | 2,444 | | | | — | | | | 62,467 | | |
Management services fees payable | | | 996 | | | | 413 | | | | 489 | | | | — | | | | 12,493 | | |
Administration fees payable | | | 391 | | | | 300 | | | | 338 | | | | 455 | | | | 6,018 | | |
Distribution and services fees payable—Service Class | | | 35 | | | | 696 | | | | 319 | | | | 526 | | | | 4,125 | | |
Transfer agency fees payable | | | 556 | | | | 421 | | | | 681 | | | | 372 | | | | 6,236 | | |
Fund accounting fees payable | | | 216 | | | | 270 | | | | 769 | | | | 391 | | | | 3,349 | | |
Compliance services fees payable | | | 14 | | | | 12 | | | | 13 | | | | 6 | | | | 260 | | |
Service fees payable | | | 23 | | | | 18 | | | | 20 | | | | 27 | | | | 360 | | |
Other accrued expenses | | | 7,785 | | | | 4,230 | | | | 6,056 | | | | 7,583 | | | | 88,414 | | |
TOTAL LIABILITIES | | | 23,481 | | | | 39,148 | | | | 95,214 | | | | 425,213 | | | | 2,482,411 | | |
Commitments and contingencies (Note 4) | |
NET ASSETS | | $ | 648,217 | | | $ | 6,771,325 | | | $ | 5,026,461 | | | $ | 52,224,687 | | | $ | 90,797,596 | | |
NET ASSETS CONSIST OF: | |
Capital | | $ | 18,249,234 | | | $ | 4,915,072 | | | $ | 3,065,640 | | | $ | 53,041,124 | | | $ | 37,177,589 | | |
Total distributable earnings (loss) | | | (17,601,017 | ) | | | 1,856,253 | | | | 1,960,821 | | | | (816,437 | ) | | | 53,620,007 | | |
NET ASSETS | | $ | 648,217 | | | $ | 6,771,325 | | | $ | 5,026,461 | | | $ | 52,224,687 | | | $ | 90,797,596 | | |
NET ASSETS: | |
Investor Class | | $ | 618,357 | | | $ | 5,777,115 | | | $ | 4,265,180 | | | $ | 51,424,874 | | | $ | 86,309,157 | | |
Service Class | | | 29,860 | | | | 994,210 | | | | 761,281 | | | | 799,813 | | | | 4,488,439 | | |
SHARES OF BENEFICIAL INTEREST OUTSTANDING
(unlimited number of shares authorized, no par value): | |
Investor Class | | | 23,221 | | | | 49,596 | | | | 36,797 | | | | 463,634 | | | | 574,493 | | |
Service Class | | | 1,218 | | | | 11,407 | | | | 8,259 | | | | 9,232 | | | | 38,364 | | |
NET ASSET VALUE
(offering and redemption price per share): | |
Investor Class | | $ | 26.63 | | | $ | 116.48 | | | $ | 115.91 | | | $ | 110.92 | | | $ | 150.24 | | |
Service Class | | | 24.52 | | | | 87.16 | | | | 92.18 | | | | 86.63 | | | | 117.00 | | |
| (a) Includes securities on loan valued at: | | $ | — | | | $ | 3,928 | | | $ | 26,254 | | | $ | 70,053 | | | $ | — | | |
See accompanying notes to the financial statements.
200 :: Statements of Assets and Liabilities :: July 31, 2024
| | | UltraBear
ProFund | | UltraBull
ProFund | | UltraChina
ProFund | | UltraDow 30
ProFund | | UltraEmerging
Markets
ProFund | |
ASSETS: | |
Total Investment Securities, at cost | | $ | 6,258,000 | | | $ | 74,862,653 | | | $ | 13,935,321 | | | $ | 21,721,930 | | | $ | 4,785,391 | | |
Securities, at value(a) | | | — | | | | 103,890,534 | | | | 15,707,490 | | | | 25,611,872 | | | | 6,591,698 | | |
Repurchase agreements, at value | | | 6,258,000 | | | | 38,342,000 | | | | 2,260,000 | | | | 13,686,000 | | | | 879,000 | | |
Total Investment Securities, at value | | | 6,258,000 | | | | 142,232,534 | | | | 17,967,490 | | | | 39,297,872 | | | | 7,470,698 | | |
Cash | | | 828 | | | | 603 | | | | 600 | | | | 20,371 | | | | 926 | | |
Segregated cash balances for futures contracts with brokers | | | 43,230 | | | | 922,240 | | | | — | | | | 429,660 | | | | — | | |
Segregated cash balances for swap agreements with custodian | | | — | | | | 690 | | | | 556 | | | | 391 | | | | 473 | | |
Dividends and interest receivable | | | 904 | | | | 67,845 | | | | 38,191 | | | | 17,553 | | | | 18,683 | | |
Receivable for capital shares issued | | | 391,082 | | | | 1,506,612 | | | | 218,767 | | | | 145,103 | | | | 1,123,850 | | |
Unrealized appreciation on swap agreements | | | — | | | | 1,725,182 | | | | — | | | | 351,498 | | | | 42,604 | | |
Variation margin on futures contracts | | | — | | | | 273,600 | | | | — | | | | 11,970 | | | | — | | |
Prepaid expenses | | | 14,005 | | | | 41,742 | | | | 12,560 | | | | 18,644 | | | | 13,415 | | |
Receivable for tax reclaims | | | — | | | | — | | | | — | | | | — | | | | 1,148 | | |
TOTAL ASSETS | | | 6,708,049 | | | | 146,771,048 | | | | 18,238,164 | | | | 40,293,062 | | | | 8,671,797 | | |
LIABILITIES: | |
Payable for investments purchased | | | — | | | | — | | | | — | | | | — | | | | 600,736 | | |
Payable for collateral for securities loaned | | | — | | | | — | | | | 594,085 | | | | — | | | | 497,573 | | |
Payable for capital shares redeemed | | | 394,800 | | | | 1,231,501 | | | | 60,280 | | | | 821,146 | | | | 57,022 | | |
Unrealized depreciation on swap agreements | | | 127,132 | | | | — | | | | 70,674 | | | | — | | | | — | | |
Variation margin on futures contracts | | | 12,825 | | | | — | | | | — | | | | — | | | | — | | |
Advisory fees payable | | | 4,709 | | | | 91,926 | | | | 11,716 | | | | 22,951 | | | | 3,344 | | |
Management services fees payable | | | 942 | | | | 18,386 | | | | 2,343 | | | | 4,590 | | | | 669 | | |
Administration fees payable | | | 454 | | | | 8,874 | | | | 1,131 | | | | 2,220 | | | | 438 | | |
Distribution and services fees payable—Service Class | | | 100 | | | | 2,416 | | | | 395 | | | | 1,232 | | | | 154 | | |
Transfer agency fees payable | | | 684 | | | | 10,135 | | | | 1,386 | | | | 2,771 | | | | 558 | | |
Fund accounting fees payable | | | 252 | | | | 5,061 | | | | 637 | | | | 1,238 | | | | 257 | | |
Compliance services fees payable | | | 25 | | | | 372 | | | | 60 | | | | 92 | | | | 19 | | |
Service fees payable | | | 27 | | | | 531 | | | | 68 | | | | 133 | | | | 26 | | |
Other accrued expenses | | | 8,415 | | | | 110,193 | | | | 27,145 | | | | 31,858 | | | | 9,523 | | |
TOTAL LIABILITIES | | | 550,365 | | | | 1,479,395 | | | | 769,920 | | | | 888,231 | | | | 1,170,319 | | |
Commitments and contingencies (Note 4) | |
NET ASSETS | | $ | 6,157,684 | | | $ | 145,291,653 | | | $ | 17,468,244 | | | $ | 39,404,831 | | | $ | 7,501,478 | | |
NET ASSETS CONSIST OF: | |
Capital | | $ | 110,402,089 | | | $ | 77,592,386 | | | $ | 67,699,884 | | | $ | 20,530,375 | | | $ | 11,985,925 | | |
Total distributable earnings (loss) | | | (104,244,405 | ) | | | 67,699,267 | | | | (50,231,640 | ) | | | 18,874,456 | | | | (4,484,447 | ) | |
NET ASSETS | | $ | 6,157,684 | | | $ | 145,291,653 | | | $ | 17,468,244 | | | $ | 39,404,831 | | | $ | 7,501,478 | | |
NET ASSETS: | |
Investor Class | | $ | 6,075,729 | | | $ | 142,970,787 | | | $ | 17,094,258 | | | $ | 37,746,249 | | | $ | 7,421,704 | | |
Service Class | | | 81,955 | | | | 2,320,866 | | | | 373,986 | | | | 1,658,582 | | | | 79,774 | | |
SHARES OF BENEFICIAL INTEREST OUTSTANDING
(unlimited number of shares authorized, no par value): | |
Investor Class | | | 531,734 | | | | 1,122,324 | | | | 875,153 | | | | 494,882 | | | | 154,070 | | |
Service Class | | | 8,159 | | | | 24,529 | | | | 22,247 | | | | 26,240 | | | | 1,848 | | |
NET ASSET VALUE
(offering and redemption price per share): | |
Investor Class | | $ | 11.43 | | | $ | 127.39 | | | $ | 19.53 | | | $ | 76.27 | | | $ | 48.17 | | |
Service Class | | | 10.04 | | | | 94.62 | | | | 16.81 | | | | 63.21 | | | | 43.17 | | |
| (a) Includes securities on loan valued at: | | $ | — | | | $ | — | | | $ | 565,455 | | | $ | — | | | $ | 476,873 | | |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
July 31, 2024 :: Statements of Assets and Liabilities :: 201
| | | UltraInternational
ProFund | | UltraJapan
ProFund | | UltraLatin
America
ProFund | | UltraMid-Cap
ProFund | | UltraNasdaq-100
ProFund | |
ASSETS: | |
Total Investment Securities, at cost | | $ | 3,234,000 | | | $ | 19,437,000 | | | $ | 4,276,876 | | | $ | 34,808,081 | | | $ | 491,786,173 | | |
Securities, at value(a) | | | — | | | | — | | | | 6,359,832 | | | | 29,642,214 | | | | 723,577,427 | | |
Repurchase agreements, at value | | | 3,234,000 | | | | 19,437,000 | | | | 917,000 | | | | 17,758,000 | | | | 230,689,000 | | |
Total Investment Securities, at value | | | 3,234,000 | | | | 19,437,000 | | | | 7,276,832 | | | | 47,400,214 | | | | 954,266,427 | | |
Cash | | | 778 | | | | 191 | | | | 62 | | | | 47 | | | | 714 | | |
Segregated cash balances for futures contracts with brokers | | | — | | | | 3,534,300 | | | | — | | | | 419,980 | | | | 4,835,160 | | |
Segregated cash balances for swap agreements with custodian | | | 763 | | | | — | | | | 714 | | | | 192 | | | | 712 | | |
Dividends and interest receivable | | | 467 | | | | 2,806 | | | | 55,785 | | | | 9,724 | | | | 135,065 | | |
Receivable for capital shares issued | | | 423,548 | | | | 1,079,867 | | | | 383,275 | | | | 1,336,198 | | | | 3,234,546 | | |
Unrealized appreciation on swap agreements | | | 107,554 | | | | 3,341 | | | | 54,009 | | | | 532,569 | | | | 17,147,242 | | |
Variation margin on futures contracts | | | — | | | | 634,812 | | | | — | | | | 45,770 | | | | 1,263,180 | | |
Prepaid expenses | | | 15,533 | | | | 12,777 | | | | 22,272 | | | | 21,022 | | | | 92,552 | | |
Receivable for tax reclaims | | | — | | | | — | | | | 693 | | | | — | | | | — | | |
TOTAL ASSETS | | | 3,782,643 | | | | 24,705,094 | | | | 7,793,642 | | | | 49,765,716 | | | | 980,975,598 | | |
LIABILITIES: | |
Payable for investments purchased | | | — | | | | — | | | | — | | | | 999,730 | | | | — | | |
Payable for collateral for securities loaned | | | — | | | | — | | | | 264,761 | | | | 47,809 | | | | — | | |
Payable for capital shares redeemed | | | 19,265 | | | | 309,310 | | | | 226,793 | | | | 881,123 | | | | 17,364,528 | | |
Unrealized depreciation on swap agreements | | | — | | | | — | | | | — | | | | — | | | | — | | |
Variation margin on futures contracts | | | — | | | | — | | | | — | | | | — | | | | — | | |
Advisory fees payable | | | 1,440 | | | | 31,304 | | | | 2,446 | | | | 25,002 | | | | 656,878 | | |
Management services fees payable | | | 288 | | | | 5,218 | | | | 489 | | | | 5,001 | | | | 131,377 | | |
Administration fees payable | | | 227 | | | | 1,542 | | | | 450 | | | | 2,421 | | | | 63,295 | | |
Distribution and services fees payable—Service Class | | | 60 | | | | 269 | | | | 139 | | | | 1,357 | | | | 19,825 | | |
Transfer agency fees payable | | | 323 | | | | 2,488 | | | | 1,083 | | | | 2,577 | | | | 77,986 | | |
Fund accounting fees payable | | | 137 | | | | 854 | | | | 260 | | | | 1,461 | | | | 35,046 | | |
Compliance services fees payable | | | 13 | | | | 79 | | | | 22 | | | | 108 | | | | 2,686 | | |
Service fees payable | | | 15 | | | | 92 | | | | 27 | | | | 145 | | | | 3,789 | | |
Other accrued expenses | | | 4,480 | | | | 20,744 | | | | 8,895 | | | | 32,848 | | | | 927,758 | | |
TOTAL LIABILITIES | | | 26,248 | | | | 371,900 | | | | 505,365 | | | | 1,999,582 | | | | 19,283,168 | | |
Commitments and contingencies (Note 4) | |
NET ASSETS | | $ | 3,756,395 | | | $ | 24,333,194 | | | $ | 7,288,277 | | | $ | 47,766,134 | | | $ | 961,692,430 | | |
NET ASSETS CONSIST OF: | |
Capital | | $ | 3,511,603 | | | $ | 17,941,020 | | | $ | 36,854,745 | | | $ | 34,899,290 | | | $ | 530,275,383 | | |
Total distributable earnings (loss) | | | 244,792 | | | | 6,392,174 | | | | (29,566,468 | ) | | | 12,866,844 | | | | 431,417,047 | | |
NET ASSETS | | $ | 3,756,395 | | | $ | 24,333,194 | | | $ | 7,288,277 | | | $ | 47,766,134 | | | $ | 961,692,430 | | |
NET ASSETS: | |
Investor Class | | $ | 3,705,063 | | | $ | 24,156,812 | | | $ | 7,225,013 | | | $ | 43,235,840 | | | $ | 941,400,274 | | |
Service Class | | | 51,332 | | | | 176,382 | | | | 63,264 | | | | 4,530,294 | | | | 20,292,156 | | |
SHARES OF BENEFICIAL INTEREST OUTSTANDING
(unlimited number of shares authorized, no par value): | |
Investor Class | | | 188,959 | | | | 464,013 | | | | 500,295 | | | | 629,488 | | | | 9,284,715 | | |
Service Class | | | 3,079 | | | | 4,339 | | | | 4,545 | | | | 85,700 | | | | 289,687 | | |
NET ASSET VALUE
(offering and redemption price per share): | |
Investor Class | | $ | 19.61 | | | $ | 52.06 | | | $ | 14.44 | | | $ | 68.68 | | | $ | 101.39 | | |
Service Class | | | 16.67 | | | | 40.65 | | | | 13.92 | | | | 52.86 | | | | 70.05 | | |
| (a) Includes securities on loan valued at: | | $ | — | | | $ | — | | | $ | 263,672 | | | $ | 46,291 | | | $ | — | | |
See accompanying notes to the financial statements.
202 :: Statements of Assets and Liabilities :: July 31, 2024
| | | UltraShort
China
ProFund | | UltraShort
Dow 30
ProFund | | UltraShort
Emerging
Markets
ProFund | | UltraShort
International
ProFund | | UltraShort
Japan
ProFund | |
ASSETS: | |
Total Investment Securities, at cost | | $ | 990,000 | | | $ | 1,865,000 | | | $ | 361,000 | | | $ | 1,721,000 | | | $ | 1,129,000 | | |
Securities, at value | | | — | | | | — | | | | — | | | | — | | | | — | | |
Repurchase agreements, at value | | | 990,000 | | | | 1,865,000 | | | | 361,000 | | | | 1,721,000 | | | | 1,129,000 | | |
Total Investment Securities, at value | | | 990,000 | | | | 1,865,000 | | | | 361,000 | | | | 1,721,000 | | | | 1,129,000 | | |
Cash | | | 385 | | | | 974 | | | | 108 | | | | 817 | | | | 969 | | |
Segregated cash balances for futures contracts with brokers | | | — | | | | — | | | | — | | | | — | | | | 163,350 | | |
Segregated cash balances for swap agreements with custodian | | | 660 | | | | 820 | | | | 107 | | | | 153 | | | | — | | |
Dividends and interest receivable | | | 143 | | | | 269 | | | | 52 | | | | 248 | | | | 163 | | |
Receivable for investments sold | | | — | | | | — | | | | — | | | | — | | | | — | | |
Receivable for capital shares issued | | | 55,009 | | | | 117,130 | | | | 876 | | | | 523,033 | | | | 47,190 | | |
Due from Advisor under an expense limitation agreement | | | — | | | | 1,930 | | | | 2,262 | | | | — | | | | 1,591 | | |
Unrealized appreciation on swap agreements | | | 8,301 | | | | — | | | | — | | | | — | | | | — | | |
Variation margin on futures contracts | | | — | | | | — | | | | — | | | | — | | | | — | | |
Prepaid expenses | | | 9,114 | | | | 21,556 | | | | 12,817 | | | | 12,708 | | | | 12,168 | | |
TOTAL ASSETS | | | 1,063,612 | | | | 2,007,679 | | | | 377,222 | | | | 2,257,959 | | | | 1,354,431 | | |
LIABILITIES: | |
Payable for investments purchased | | | — | | | | — | | | | — | | | | — | | | | — | | |
Payable for capital shares redeemed | | | 73,431 | | | | 20,390 | | | | 7,079 | | | | 99,328 | | | | 15,311 | | |
Unrealized depreciation on swap agreements | | | — | | | | 25,391 | | | | 7,506 | | | | 55,996 | | | | 4,538 | | |
Variation margin on futures contracts | | | — | | | | — | | | | — | | | | — | | | | 29,425 | | |
Advisory fees payable | | | 472 | | | | — | | | | — | | | | 17 | | | | — | | |
Management services fees payable | | | 95 | | | | — | | | | — | | | | 3 | | | | — | | |
Administration fees payable | | | 80 | | | | 117 | | | | 26 | | | | 110 | | | | 67 | | |
Distribution and services fees payable—Service Class | | | 18 | | | | 45 | | | | 11 | | | | 14 | | | | 14 | | |
Transfer agency fees payable | | | 149 | | | | 212 | | | | 38 | | | | 136 | | | | 55 | | |
Fund accounting fees payable | | | 48 | | | | 65 | | | | 15 | | | | 66 | | | | 38 | | |
Compliance services fees payable | | | 5 | | | | 11 | | | | 1 | | | | 6 | | | | 2 | | |
Service fees payable | | | 5 | | | | 7 | | | | 2 | | | | 7 | | | | 4 | | |
Other accrued expenses | | | 2,112 | | | | 2,913 | | | | 684 | | | | 1,881 | | | | 834 | | |
TOTAL LIABILITIES | | | 76,415 | | | | 49,151 | | | | 15,362 | | | | 157,564 | | | | 50,288 | | |
Commitments and contingencies (Note 4) | |
NET ASSETS | | $ | 987,197 | | | $ | 1,958,528 | | | $ | 361,860 | | | $ | 2,100,395 | | | $ | 1,304,143 | | |
NET ASSETS CONSIST OF: | |
Capital | | $ | 10,919,669 | | | $ | 27,039,629 | | | $ | 13,720,619 | | | $ | 20,861,627 | | | $ | 12,476,607 | | |
Total distributable earnings (loss) | | | (9,932,472 | ) | | | (25,081,101 | ) | | | (13,358,759 | ) | | | (18,761,232 | ) | | | (11,172,464 | ) | |
NET ASSETS | | $ | 987,197 | | | $ | 1,958,528 | | | $ | 361,860 | | | $ | 2,100,395 | | | $ | 1,304,143 | | |
NET ASSETS: | |
Investor Class | | $ | 968,470 | | | $ | 1,916,166 | | | $ | 348,876 | | | $ | 2,096,626 | | | $ | 1,303,676 | | |
Service Class | | | 18,727 | | | | 42,362 | | | | 12,984 | | | | 3,769 | | | | 467 | | |
SHARES OF BENEFICIAL INTEREST OUTSTANDING
(unlimited number of shares authorized, no par value): | |
Investor Class | | | 136,734 | | | | 140,722 | | | | 20,798 | | | | 124,367 | | | | 273,576 | | |
Service Class | | | 3,072 | | | | 3,646 | | | | 867 | | | | 254 | | | | 112 | | |
NET ASSET VALUE
(offering and redemption price per share): | |
Investor Class | | $ | 7.08 | | | $ | 13.62 | | | $ | 16.77 | | | $ | 16.86 | | | $ | 4.77 | | |
Service Class | | | 6.10 | | | | 11.62 | | | | 14.98 | | | | 14.84 | | | | 4.17 | | |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
July 31, 2024 :: Statements of Assets and Liabilities :: 203
| | | UltraShort
Latin
America
ProFund | | UltraShort
Mid-Cap
ProFund | | UltraShort
Nasdaq-100
ProFund | | UltraShort
Small-Cap
ProFund | | UltraSmall-Cap
ProFund | |
ASSETS: | |
Total Investment Securities, at cost | | $ | 1,234,000 | | | $ | 613,000 | | | $ | 9,858,000 | | | $ | 2,799,000 | | | $ | 44,457,310 | | |
Securities, at value | | | — | | | | — | | | | — | | | | — | | | | 33,821,264 | | |
Repurchase agreements, at value | | | 1,234,000 | | | | 613,000 | | | | 9,858,000 | | | | 2,799,000 | | | | 24,584,000 | | |
Total Investment Securities, at value | | | 1,234,000 | | | | 613,000 | | | | 9,858,000 | | | | 2,799,000 | | | | 58,405,264 | | |
Cash | | | 384 | | | | 624 | | | | 32,939 | | | | 472 | | | | 17,190 | | |
Segregated cash balances for futures contracts with brokers | | | — | | | | — | | | | 261,360 | | | | 134,640 | | | | 643,280 | | |
Segregated cash balances for swap agreements with custodian | | | — | | | | 493 | | | | 444 | | | | 827 | | | | 553 | | |
Dividends and interest receivable | | | 178 | | | | 88 | | | | 1,423 | | | | 404 | | | | 10,427 | | |
Receivable for investments sold | | | — | | | | — | | | | — | | | | — | | | | 22,099 | | |
Receivable for capital shares issued | | | 278,516 | | | | 5,900 | | | | 242,755 | | | | 264,738 | | | | 952,386 | | |
Due from Advisor under an expense limitation agreement | | | 866 | | | | 1,627 | | | | — | | | | 1,393 | | | | — | | |
Unrealized appreciation on swap agreements | | | — | | | | — | | | | 32,947 | | | | — | | | | 682,695 | | |
Variation margin on futures contracts | | | — | | | | — | | | | — | | | | — | | | | 29,885 | | |
Prepaid expenses | | | 22,003 | | | | 9,005 | | | | 34,637 | | | | 12,033 | | | | 15,629 | | |
TOTAL ASSETS | | | 1,535,947 | | | | 630,737 | | | | 10,464,505 | | | | 3,213,507 | | | | 60,779,408 | | |
LIABILITIES: | |
Payable for investments purchased | | | — | | | | — | | | | — | | | | — | | | | 7,480 | | |
Payable for capital shares redeemed | | | 21,620 | | | | 65,176 | | | | 270,380 | | | | 236,566 | | | | 2,377,746 | | |
Unrealized depreciation on swap agreements | | | 16,499 | | | | 11,190 | | | | 238,063 | | | | 38,529 | | | | — | | |
Variation margin on futures contracts | | | — | | | | — | | | | 68,280 | | | | 7,004 | | | | — | | |
Advisory fees payable | | | — | | | | — | | | | 4,282 | | | | — | | | | 31,267 | | |
Management services fees payable | | | — | | | | — | | | | 856 | | | | — | | | | 6,253 | | |
Administration fees payable | | | 75 | | | | 42 | | | | 778 | | | | 210 | | | | 3,034 | | |
Distribution and services fees payable—Service Class | | | 34 | | | | 19 | | | | 38 | | | | 109 | | | | 402 | | |
Transfer agency fees payable | | | 89 | | | | 68 | | | | 944 | | | | 338 | | | | 3,081 | | |
Fund accounting fees payable | | | 45 | | | | 23 | | | | 431 | | | | 117 | | | | 2,261 | | |
Compliance services fees payable | | | 4 | | | | 2 | | | | 40 | | | | 13 | | | | 123 | | |
Service fees payable | | | 5 | | | | 3 | | | | 47 | | | | 13 | | | | 182 | | |
Other accrued expenses | | | 1,884 | | | | 675 | | | | 15,759 | | | | 6,192 | | | | 68,465 | | |
TOTAL LIABILITIES | | | 40,255 | | | | 77,198 | | | | 599,898 | | | | 289,091 | | | | 2,500,294 | | |
Commitments and contingencies (Note 4) | |
NET ASSETS | | $ | 1,495,692 | | | $ | 553,539 | | | $ | 9,864,607 | | | $ | 2,924,416 | | | $ | 58,279,114 | | |
NET ASSETS CONSIST OF: | |
Capital | | $ | 18,658,985 | | | $ | 11,970,741 | | | $ | 109,211,369 | | | $ | 58,673,083 | | | $ | 68,113,806 | | |
Total distributable earnings (loss) | | | (17,163,293 | ) | | | (11,417,202 | ) | | | (99,346,762 | ) | | | (55,748,667 | ) | | | (9,834,692 | ) | |
NET ASSETS | | $ | 1,495,692 | | | $ | 553,539 | | | $ | 9,864,607 | | | $ | 2,924,416 | | | $ | 58,279,114 | | |
NET ASSETS: | |
Investor Class | | $ | 1,410,459 | | | $ | 532,285 | | | $ | 9,818,950 | | | $ | 2,818,337 | | | $ | 57,724,753 | | |
Service Class | | | 85,233 | | | | 21,254 | | | | 45,657 | | | | 106,079 | | | | 554,361 | | |
SHARES OF BENEFICIAL INTEREST OUTSTANDING
(unlimited number of shares authorized, no par value): | |
Investor Class | | | 249,210 | | | | 17,128 | | | | 311,649 | | | | 585,777 | | | | 802,113 | | |
Service Class | | | 17,219 | | | | 792 | | | | 1,560 | | | | 24,478 | | | | 9,751 | | |
NET ASSET VALUE
(offering and redemption price per share): | |
Investor Class | | $ | 5.66 | | | $ | 31.08 | | | $ | 31.51 | | | $ | 4.81 | | | $ | 71.97 | | |
Service Class | | | 4.95 | | | | 26.84 | | | | 29.27 | | | | 4.33 | | | | 56.85 | | |
See accompanying notes to the financial statements.
204 :: Statements of Assets and Liabilities :: July 31, 2024
| | | U.S.
Government
Plus ProFund | | Utilities
UltraSector
ProFund | |
ASSETS: | |
Total Investment Securities, at cost | | $ | 14,339,000 | | | $ | 31,636,072 | | |
Securities, at value | | | — | | | | 28,116,594 | | |
Repurchase agreements, at value | | | 14,339,000 | | | | 8,103,000 | | |
Total Investment Securities, at value | | | 14,339,000 | | | | 36,219,594 | | |
Cash | | | 704 | | | | 455 | | |
Segregated cash balances for swap agreements with custodian | | | — | | | | 158 | | |
Dividends and interest receivable | | | 2,070 | | | | 7,315 | | |
Receivable for capital shares issued | | | 157,854 | | | | 903,666 | | |
Unrealized appreciation on swap agreements | | | 271,382 | | | | 881,614 | | |
Prepaid expenses | | | 23,192 | | | | 27,366 | | |
TOTAL ASSETS | | | 14,794,202 | | | | 38,040,168 | | |
LIABILITIES: | |
Payable for capital shares redeemed | | | 246,352 | | | | 376,116 | | |
Advisory fees payable | | | 7,118 | | | | 20,872 | | |
Management services fees payable | | | 2,135 | | | | 4,174 | | |
Administration fees payable | | | 626 | | | | 2,009 | | |
Distribution and services fees payable—Service Class | | | 1,443 | | | | 304 | | |
Transfer agency fees payable | | | 650 | | | | 1,657 | | |
Fund accounting fees payable | | | 346 | | | | 1,120 | | |
Compliance services fees payable | | | 19 | | | | 50 | | |
Service fees payable | | | 37 | | | | 120 | | |
Other accrued expenses | | | 7,319 | | | | 21,727 | | |
TOTAL LIABILITIES | | | 266,045 | | | | 428,149 | | |
Commitments and contingencies (Note 4) | |
NET ASSETS | | $ | 14,528,157 | | | $ | 37,612,019 | | |
NET ASSETS CONSIST OF: | |
Capital | | $ | 22,461,133 | | | $ | 40,601,742 | | |
Total distributable earnings (loss) | | | (7,932,976 | ) | | | (2,989,723 | ) | |
NET ASSETS | | $ | 14,528,157 | | | $ | 37,612,019 | | |
NET ASSETS: | |
Investor Class | | $ | 12,725,509 | | | $ | 37,071,066 | | |
Service Class | | | 1,802,648 | | | | 540,953 | | |
SHARES OF BENEFICIAL INTEREST OUTSTANDING
(unlimited number of shares authorized, no par value): | |
Investor Class | | | 353,199 | | | | 564,569 | | |
Service Class | | | 55,713 | | | | 8,900 | | |
NET ASSET VALUE
(offering and redemption price per share): | |
Investor Class | | $ | 36.03 | | | $ | 65.66 | | |
Service Class | | | 32.36 | | | | 60.78 | | |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
206 :: Statements of Operations :: For the Periods Indicated
| | | Access Flex
Bear
High Yield
ProFund | | Access Flex
High Yield
ProFund | | Banks
UltraSector
ProFund | | Bear
ProFund | | Biotechnology
UltraSector
ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | |
INVESTMENT INCOME: | |
Dividends | | $ | — | | | $ | — | | | $ | 213,237 | | | $ | — | | | $ | 107,714 | | |
Interest | | | 54,057 | | | | 778,570 | | | | 93,250 | | | | 533,450 | | | | 1,582,468 | | |
Foreign tax withholding | | | — | | | | — | | | | — | | | | — | | | | — | | |
Net income from securities lending | | | — | | | | — | | | | 108 | | | | — | | | | 148,229 | | |
TOTAL INVESTMENT INCOME | | | 54,057 | | | | 778,570 | | | | 306,595 | | | | 533,450 | | | | 1,838,411 | | |
EXPENSES: | |
Advisory fees | | | 10,107 | | | | 127,762 | | | | 60,346 | | | | 75,560 | | | | 775,593 | | |
Management services fees | | | 2,021 | | | | 25,552 | | | | 12,069 | | | | 15,112 | | | | 155,120 | | |
Administration fees | | | 1,231 | | | | 14,493 | | | | 6,807 | | | | 8,978 | | | | 88,872 | | |
Distribution and services fees—Service Class | | | 191 | | | | 20,052 | | | | 2,833 | | | | 5,874 | | | | 31,051 | | |
Transfer agency fees | | | 754 | | | | 9,677 | | | | 4,647 | | | | 6,542 | | | | 48,582 | | |
Administrative services fees | | | 3,323 | | | | 40,500 | | | | 19,664 | | | | 22,719 | | | | 266,883 | | |
Registration and filing fees | | | 29,695 | | | | 34,992 | | | | 30,672 | | | | 71,674 | | | | 39,735 | | |
Custody fees | | | 185 | | | | 17,610 | | | | 1,213 | | | | 1,434 | | | | 19,951 | | |
Fund accounting fees | | | 672 | | | | 8,179 | | | | 4,091 | | | | 4,785 | | | | 48,836 | | |
Trustee fees | | | 18 | | | | 235 | | | | 92 | | | | 139 | | | | 1,204 | | |
Compliance services fees | | | 3 | | | | 44 | | | | 30 | | | | 20 | | | | 330 | | |
Service fees | | | 92 | | | | 1,070 | | | | 475 | | | | 603 | | | | 6,150 | | |
Other fees | | | 2,954 | | | | 17,327 | | | | 11,750 | | | | 12,775 | | | | 127,230 | | |
Recoupment of prior expenses reduced by the Advisor | | | — | | | | 27,000 | | | | — | | | | — | | | | — | | |
Total Gross Expenses before reductions | | | 51,246 | | | | 344,493 | | | | 154,689 | | | | 226,215 | | | | 1,609,537 | | |
Expenses reduced and reimbursed by the Advisor | | | (26,972 | ) | | | (20,736 | ) | | | — | | | | (32,995 | ) | | | — | | |
Fees paid indirectly | | | (96 | ) | | | (484 | ) | | | (281 | ) | | | (230 | ) | | | (3,130 | ) | |
TOTAL NET EXPENSES | | | 24,178 | | | | 323,273 | | | | 154,408 | | | | 192,990 | | | | 1,606,407 | | |
NET INVESTMENT INCOME (LOSS) | | | 29,879 | | | | 455,297 | | | | 152,187 | | | | 340,460 | | | | 232,004 | | |
REALIZED AND UNREALIZED GAINS (LOSSES)
ON INVESTMENTS: | |
Net realized gains (losses) on investment securities | | | — | | | | (309,124 | ) | | | 660,437 | | | | — | | | | 354,339 | | |
Net realized gains (losses) on futures contracts | | | 44,503 | | | | (69,338 | ) | | | — | | | | (93,387 | ) | | | — | | |
Net realized gains (losses) on swap agreements | | | (192,467 | ) | | | 1,453,021 | | | | 1,240,942 | | | | (3,342,006 | ) | | | 16,742,890 | | |
Change in net unrealized appreciation/depreciation on
investment securities | | | — | | | | (26,710 | ) | | | 854,003 | | | | — | | | | 1,063,171 | | |
Change in net unrealized appreciation/depreciation on
futures contracts | | | (33,911 | ) | | | 30,602 | | | | — | | | | 21,600 | | | | — | | |
Change in net unrealized appreciation/depreciation on
swap agreements | | | 77,929 | | | | (801,147 | ) | | | (120,109 | ) | | | 18,777 | | | | (1,439,257 | ) | |
NET REALIZED AND UNREALIZED GAINS
(LOSSES) ON INVESTMENTS | | | (103,946 | ) | | | 277,304 | | | | 2,635,273 | | | | (3,395,016 | ) | | | 16,721,143 | | |
CHANGE IN NET ASSETS RESULTING
FROM OPERATIONS | | $ | (74,067 | ) | | $ | 732,601 | | | $ | 2,787,460 | | | $ | (3,054,556 | ) | | $ | 16,953,147 | | |
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 :: 207
| | | Bull
ProFund | | Communication
Services
UltraSector
ProFund | | Consumer
Discretionary
UltraSector
ProFund | | Consumer
Staples
UltraSector
ProFund | | Energy
UltraSector
ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | |
INVESTMENT INCOME: | |
Dividends | | $ | 556,114 | | | $ | 73,447 | | | $ | 256,965 | | | $ | 78,512 | | | $ | 933,896 | | |
Interest | | | 761,897 | | | | 88,903 | | | | 451,126 | | | | 38,171 | | | | 411,580 | | |
Foreign tax withholding | | | (153 | ) | | | — | | | | — | | | | — | | | | — | | |
Net income from securities lending | | | 2 | | | | 5 | | | | — | | | | — | | | | — | | |
TOTAL INVESTMENT INCOME | | | 1,317,860 | | | | 162,355 | | | | 708,091 | | | | 116,683 | | | | 1,345,476 | | |
EXPENSES: | |
Advisory fees | | | 387,138 | | | | 58,939 | | | | 295,281 | | | | 25,274 | | | | 269,796 | | |
Management services fees | | | 77,428 | | | | 11,788 | | | | 59,057 | | | | 5,055 | | | | 53,960 | | |
Administration fees | | | 43,507 | | | | 6,543 | | | | 33,579 | | | | 2,920 | | | | 30,248 | | |
Distribution and services fees—Service Class | | | 93,036 | | | | 3,864 | | | | 10,276 | | | | 1,622 | | | | 11,182 | | |
Transfer agency fees | | | 44,131 | | | | 4,259 | | | | 17,560 | | | | 1,977 | | | | 21,290 | | |
Administrative services fees | | | 83,474 | | | | 19,097 | | | | 103,802 | | | | 7,185 | | | | 85,712 | | |
Registration and filing fees | | | 48,280 | | | | 35,481 | | | | 39,445 | | | | 33,796 | | | | 39,041 | | |
Custody fees | | | 18,822 | | | | 1,430 | | | | 5,990 | | | | 611 | | | | 5,162 | | |
Fund accounting fees | | | 26,244 | | | | 3,704 | | | | 18,533 | | | | 1,730 | | | | 17,159 | | |
Trustee fees | | | 585 | | | | 87 | | | | 499 | | | | 40 | | | | 394 | | |
Compliance services fees | | | 234 | | | | 30 | | | | 117 | | | | 10 | | | | 141 | | |
Service fees | | | 3,122 | | | | 457 | | | | 2,316 | | | | 204 | | | | 2,200 | | |
Other fees | | | 56,755 | | | | 10,528 | | | | 48,234 | | | | 5,642 | | | | 44,267 | | |
Recoupment of prior expenses reduced by the Advisor | | | — | | | | — | | | | — | | | | — | | | | — | | |
Total Gross Expenses before reductions | | | 882,756 | | | | 156,207 | | | | 634,689 | | | | 86,066 | | | | 580,552 | | |
Expenses reduced and reimbursed by the Advisor | | | — | | | | (12,327 | ) | | | — | | | | (24,334 | ) | | | — | | |
Fees paid indirectly | | | (522 | ) | | | (133 | ) | | | (491 | ) | | | (115 | ) | | | (4,055 | ) | |
TOTAL NET EXPENSES | | | 882,234 | | | | 143,747 | | | | 634,198 | | | | 61,617 | | | | 576,497 | | |
NET INVESTMENT INCOME (LOSS) | | | 435,626 | | | | 18,608 | | | | 73,893 | | | | 55,066 | | | | 768,979 | | |
REALIZED AND UNREALIZED GAINS (LOSSES)
ON INVESTMENTS: | |
Net realized gains (losses) on investment securities | | | 4,368,861 | | | | 80,702 | | | | 2,664,351 | | | | (3,548 | ) | | | 2,967,724 | | |
Net realized gains (losses) on futures contracts | | | 284,891 | | | | — | | | | — | | | | — | | | | — | | |
Net realized gains (losses) on swap agreements | | | 2,498,517 | | | | 894,643 | | | | (75,565 | ) | | | (43,981 | ) | | | (945,584 | ) | |
Change in net unrealized appreciation/depreciation on
investment securities | | | 2,944,046 | | | | 1,083,845 | | | | (1,622,673 | ) | | | 52,026 | | | | (2,432,314 | ) | |
Change in net unrealized appreciation/depreciation on
futures contracts | | | (145,249 | ) | | | — | | | | — | | | | — | | | | — | | |
Change in net unrealized appreciation/depreciation on
swap agreements | | | (116,083 | ) | | | (246,760 | ) | | | (742,919 | ) | | | 3,660 | | | | 77,327 | | |
NET REALIZED AND UNREALIZED GAINS
(LOSSES) ON INVESTMENTS | | | 9,834,983 | | | | 1,812,430 | | | | 223,194 | | | | 8,157 | | | | (332,847 | ) | |
CHANGE IN NET ASSETS RESULTING
FROM OPERATIONS | | $ | 10,270,609 | | | $ | 1,831,038 | | | $ | 297,087 | | | $ | 63,223 | | | $ | 436,132 | | |
See accompanying notes to the financial statements.
208 :: Statements of Operations :: For the Periods Indicated
| | | Europe 30
ProFund | | Falling
U.S. Dollar
ProFund | | Financials
UltraSector
ProFund | | Health Care
UltraSector
ProFund | | Industrials
UltraSector
ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | |
INVESTMENT INCOME: | |
Dividends | | $ | 112,399 | | | $ | — | | | $ | 213,940 | | | $ | 204,141 | | | $ | 181,750 | | |
Interest | | | 3,711 | | | | 61,216 | | | | 230,391 | | | | 193,821 | | | | 178,191 | | |
Foreign tax withholding | | | (6,909 | ) | | | — | | | | — | | | | — | | | | — | | |
Net income from securities lending | | | 1,819 | | | | — | | | | — | | | | — | | | | — | | |
TOTAL INVESTMENT INCOME | | | 111,020 | | | | 61,216 | | | | 444,331 | | | | 397,962 | | | | 359,941 | | |
EXPENSES: | |
Advisory fees | | | 20,364 | | | | 8,789 | | | | 132,433 | | | | 117,510 | | | | 109,318 | | |
Management services fees | | | 4,073 | | | | 1,758 | | | | 26,487 | | | | 23,502 | | | | 21,864 | | |
Administration fees | | | 2,335 | | | | 1,016 | | | | 14,001 | | | | 13,314 | | | | 11,553 | | |
Distribution and services fees—Service Class | | | 3,907 | | | | 95 | | | | 4,189 | | | | 9,643 | | | | 2,772 | | |
Transfer agency fees | | | 1,945 | | | | 702 | | | | 7,843 | | | | 8,933 | | | | 6,422 | | |
Administrative services fees | | | 5,442 | | | | 2,616 | | | | 50,182 | | | | 35,371 | | | | 41,918 | | |
Registration and filing fees | | | 30,813 | | | | 30,403 | | | | 37,442 | | | | 33,543 | | | | 35,233 | | |
Custody fees | | | 8,880 | | | | 9,670 | | | | 2,781 | | | | 2,560 | | | | 2,307 | | |
Fund accounting fees | | | 1,375 | | | | 562 | | | | 8,133 | | | | 7,564 | | | | 6,803 | | |
Trustee fees | | | 41 | | | | 14 | | | | 173 | | | | 178 | | | | 168 | | |
Compliance services fees | | | 12 | | | | 5 | | | | 99 | | | | 58 | | | | 91 | | |
Licensing fees | | | — | | | | 6,414 | | | | 5,841 | | | | 4,686 | | | | 5,502 | | |
Service fees | | | 162 | | | | 71 | | | | 925 | | | | 933 | | | | 774 | | |
Other fees | | | 4,172 | | | | 2,561 | | | | 17,218 | | | | 15,686 | | | | 12,598 | | |
Recoupment of prior expenses reduced by the Advisor | | | — | | | | — | | | | 18,225 | | | | — | | | | 15,250 | | |
Total Gross Expenses before reductions | | | 83,521 | | | | 64,676 | | | | 325,972 | | | | 273,481 | | | | 272,573 | | |
Expenses reduced and reimbursed by the Advisor | | | (31,163 | ) | | | (43,677 | ) | | | (4,011 | ) | | | — | | | | (10,209 | ) | |
Fees paid indirectly | | | (114 | ) | | | (45 | ) | | | (435 | ) | | | (465 | ) | | | (145 | ) | |
TOTAL NET EXPENSES | | | 52,244 | | | | 20,954 | | | | 321,526 | | | | 273,016 | | | | 262,219 | | |
NET INVESTMENT INCOME (LOSS) | | | 58,776 | | | | 40,262 | | | | 122,805 | | | | 124,946 | | | | 97,722 | | |
REALIZED AND UNREALIZED GAINS (LOSSES)
ON INVESTMENTS: | |
Net realized gains (losses) on investment securities | | | 340,004 | | | | — | | | | 790,169 | | | | 179,127 | | | | 749,577 | | |
Net realized gains (losses) on swap agreements | | | — | | | | — | | | | 2,436,821 | | | | 527,782 | | | | 749,762 | | |
Net realized gains (losses) on forward currency contracts | | | — | | | | (76,452 | ) | | | — | | | | — | | | | — | | |
Change in net unrealized appreciation/depreciation on
investment securities | | | (89,178 | ) | | | — | | | | 2,695,427 | | | | 1,180,244 | | | | 505,412 | | |
Change in net unrealized appreciation/depreciation on
swap agreements | | | — | | | | — | | | | 400,686 | | | | 219,885 | | | | 3,029 | | |
Change in net unrealized appreciation/depreciation on
forward currency contracts | | | — | | | | 26,499 | | | | — | | | | — | | | | — | | |
NET REALIZED AND UNREALIZED GAINS
(LOSSES) ON INVESTMENTS | | | 250,826 | | | | (49,953 | ) | | | 6,323,103 | | | | 2,107,038 | | | | 2,007,780 | | |
CHANGE IN NET ASSETS RESULTING
FROM OPERATIONS | | $ | 309,602 | | | $ | (9,691 | ) | | $ | 6,445,908 | | | $ | 2,231,984 | | | $ | 2,105,502 | | |
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 :: 209
| | | Internet
UltraSector
ProFund | | Large-Cap
Growth
ProFund | | Large-Cap
Value
ProFund | | Materials
UltraSector
ProFund | | Mid-Cap
Growth
ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | |
INVESTMENT INCOME: | |
Dividends | | $ | 195,760 | | | $ | 185,978 | | | $ | 346,001 | | | $ | 85,755 | | | $ | 54,808 | | |
Interest | | | 884,655 | | | | 4,086 | | | | 2,063 | | | | 65,477 | | | | 661 | | |
Foreign tax withholding | | | — | | | | (84 | ) | | | (59 | ) | | | — | | | | — | | |
Net income from securities lending | | | 197 | | | | — | | | | — | | | | — | | | | 25 | | |
TOTAL INVESTMENT INCOME | | | 1,080,612 | | | | 189,980 | | | | 348,005 | | | | 151,232 | | | | 55,494 | | |
EXPENSES: | |
Advisory fees | | | 650,010 | | | | 164,269 | | | | 121,727 | | | | 42,765 | | | | 40,261 | | |
Management services fees | | | 130,003 | | | | 32,854 | | | | 24,346 | | | | 8,553 | | | | 8,052 | | |
Administration fees | | | 73,420 | | | | 19,011 | | | | 12,322 | | | | 4,893 | | | | 4,631 | | |
Distribution and services fees—Service Class | | | 44,014 | | | | 13,969 | | | | 23,684 | | | | 6,365 | | | | 5,862 | | |
Transfer agency fees | | | 43,618 | | | | 12,870 | | | | 11,642 | | | | 4,157 | | | | 4,225 | | |
Administrative services fees | | | 200,405 | | | | 50,109 | | | | 33,637 | | | | 11,206 | | | | 7,946 | | |
Registration and filing fees | | | 37,572 | | | | 58,621 | | | | 54,464 | | | | 32,961 | | | | 31,475 | | |
Custody fees | | | 13,719 | | | | 6,853 | | | | 3,521 | | | | 1,008 | | | | 1,859 | | |
Fund accounting fees | | | 40,910 | | | | 11,010 | | | | 9,291 | | | | 2,825 | | | | 3,429 | | |
Trustee fees | | | 1,032 | | | | 282 | | | | 146 | | | | 69 | | | | 75 | | |
Compliance services fees | | | 331 | | | | 100 | | | | 148 | | | | 20 | | | | 25 | | |
Licensing fees | | | 15,700 | | | | 1,306 | | | | 847 | | | | 1,619 | | | | 517 | | |
Service fees | | | 5,172 | | | | 1,271 | | | | 997 | | | | 349 | | | | 318 | | |
Other fees | | | 83,074 | | | | 20,704 | | | | 15,515 | | | | 6,395 | | | | 4,409 | | |
Recoupment of prior expenses reduced by the Advisor | | | — | | | | — | | | | 6,509 | | | | — | | | | — | | |
Total Gross Expenses before reductions | | | 1,338,980 | | | | 393,229 | | | | 318,796 | | | | 123,185 | | | | 113,084 | | |
Expenses reduced and reimbursed by the Advisor | | | — | | | | — | | | | — | | | | (15,223 | ) | | | (11,648 | ) | |
Fees paid indirectly | | | (1,204 | ) | | | (40 | ) | | | (75 | ) | | | (101 | ) | | | (21 | ) | |
TOTAL NET EXPENSES | | | 1,337,776 | | | | 393,189 | | | | 318,721 | | | | 107,861 | | | | 101,415 | | |
NET INVESTMENT INCOME (LOSS) | | | (257,164 | ) | | | (203,209 | ) | | | 29,284 | | | | 43,371 | | | | (45,921 | ) | |
REALIZED AND UNREALIZED GAINS (LOSSES)
ON INVESTMENTS: | |
Net realized gains (losses) on investment securities | | | 2,187,105 | | | | 205,726 | | | | 4,363,048 | | | | 461,055 | | | | 1,102,197 | | |
Net realized gains (losses) on swap agreements | | | 7,100,749 | | | | — | | | | — | | | | 182,444 | | | | — | | |
Net realized gains (losses) on forward currency contracts | | | — | | | | — | | | | — | | | | — | | | | — | | |
Change in net unrealized appreciation/depreciation on
investment securities | | | 7,077,450 | | | | 3,497,160 | | | | (296,298 | ) | | | (267,048 | ) | | | (830,342 | ) | |
Change in net unrealized appreciation/depreciation on
swap agreements | | | (2,685,065 | ) | | | — | | | | — | | | | (87,508 | ) | | | — | | |
Change in net unrealized appreciation/depreciation on
forward currency contracts | | | — | | | | — | | | | — | | | | — | | | | — | | |
NET REALIZED AND UNREALIZED GAINS
(LOSSES) ON INVESTMENTS | | | 13,680,239 | | | | 3,702,886 | | | | 4,066,750 | | | | 288,943 | | | | 271,855 | | |
CHANGE IN NET ASSETS RESULTING
FROM OPERATIONS | | $ | 13,423,075 | | | $ | 3,499,677 | | | $ | 4,096,034 | | | $ | 332,314 | | | $ | 225,934 | | |
See accompanying notes to the financial statements.
210 :: Statements of Operations :: For the Periods Indicated
| | | Mid-Cap
ProFund | | Mid-Cap
Value
ProFund | | Nasdaq-100
ProFund | | Oil & Gas
Equipment &
Services
UltraSector
ProFund | | Pharmaceuticals
UltraSector
ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | |
INVESTMENT INCOME: | |
Dividends | | $ | 86,422 | | | $ | 48,461 | | | $ | 576,417 | | | $ | 157,449 | | | $ | 38,320 | | |
Interest | | | 125,531 | | | | 91 | | | | 3,357,212 | | | | 197,026 | | | | 37,430 | | |
Foreign tax withholding | | | — | | | | — | | | | (745 | ) | | | — | | | | — | | |
Net income from securities lending | | | 173 | | | | 167 | | | | 17,024 | | | | — | | | | 8,022 | | |
TOTAL INVESTMENT INCOME | | | 212,126 | | | | 48,719 | | | | 3,949,908 | | | | 354,475 | | | | 83,772 | | |
EXPENSES: | |
Advisory fees | | | 60,705 | | | | 19,728 | | | | 889,631 | | | | 128,847 | | | | 23,705 | | |
Management services fees | | | 12,141 | | | | 3,946 | | | | 190,636 | | | | 25,770 | | | | 4,741 | | |
Administration fees | | | 6,384 | | | | 2,290 | | | | 107,033 | | | | 14,850 | | | | 2,734 | | |
Distribution and services fees—Service Class | | | 15,617 | | | | 5,277 | | | | 86,296 | | | | 25,290 | | | | 3,335 | | |
Transfer agency fees | | | 5,559 | | | | 1,998 | | | | 76,973 | | | | 11,923 | | | | 1,938 | | |
Administrative services fees | | | 16,154 | | | | 5,324 | | | | 303,165 | | | | 36,204 | | | | 6,897 | | |
Registration and filing fees | | | 33,406 | | | | 29,857 | | | | 123,781 | | | | 35,634 | | | | 30,261 | | |
Custody fees | | | 1,216 | | | | 949 | | | | 20,861 | | | | 4,761 | | | | 635 | | |
Fund accounting fees | | | 5,069 | | | | 2,323 | | | | 60,026 | | | | 8,243 | | | | 1,636 | | |
Trustee fees | | | 90 | | | | 30 | | | | 1,432 | | | | 206 | | | | 38 | | |
Compliance services fees | | | 45 | | | | 8 | | | | 558 | | | | 53 | | | | 10 | | |
Licensing fees | | | 932 | | | | 226 | | | | 49,902 | | | | 5,143 | | | | 924 | | |
Service fees | | | 448 | | | | 159 | | | | 7,589 | | | | 1,046 | | | | 192 | | |
Other fees | | | 8,040 | | | | 4,621 | | | | 121,338 | | | | 16,828 | | | | 4,348 | | |
Total Gross Expenses before reductions | | | 165,806 | | | | 76,736 | | | | 2,039,221 | | | | 314,798 | | | | 81,394 | | |
Expenses reduced and reimbursed by the Advisor | | | (6,058 | ) | | | (24,629 | ) | | | — | | | | — | | | | (21,721 | ) | |
Fees paid indirectly | | | (58 | ) | | | (8 | ) | | | (3,979 | ) | | | (282 | ) | | | (78 | ) | |
TOTAL NET EXPENSES | | | 159,690 | | | | 52,099 | | | | 2,035,242 | | | | 314,516 | | | | 59,595 | | |
NET INVESTMENT INCOME (LOSS) | | | 52,436 | | | | (3,380 | ) | | | 1,914,666 | | | | 39,959 | | | | 24,177 | | |
REALIZED AND UNREALIZED GAINS (LOSSES)
ON INVESTMENTS: | |
Net realized gains (losses) on investment securities | | | 348,592 | | | | 253,711 | | | | 773,585 | | | | 551,553 | | | | (28,468 | ) | |
Net realized gains (losses) on futures contracts | | | — | | | | — | | | | 1,275,042 | | | | — | | | | — | | |
Net realized gains (losses) on swap agreements | | | 48,725 | | | | — | | | | 7,538,946 | | | | (729,303 | ) | | | (185,713 | ) | |
Net realized gains (losses) on forward currency contracts | | | — | | | | — | | | | — | | | | — | | | | — | | |
Change in net unrealized appreciation/depreciation on
investment securities | | | 592,954 | | | | (107,762 | ) | | | 14,481,558 | | | | (402,804 | ) | | | (16,020 | ) | |
Change in net unrealized appreciation/depreciation on
futures contracts | | | — | | | | — | | | | (227,062 | ) | | | — | | | | — | | |
Change in net unrealized appreciation/depreciation on
swap agreements | | | 32,004 | | | | — | | | | (373,105 | ) | | | (67,677 | ) | | | (50,869 | ) | |
Change in net unrealized appreciation/depreciation on
forward currency contracts | | | — | | | | — | | | | — | | | | — | | | | — | | |
NET REALIZED AND UNREALIZED GAINS
(LOSSES) ON INVESTMENTS | | | 1,022,275 | | | | 145,949 | | | | 23,468,964 | | | | (648,231 | ) | | | (281,070 | ) | |
CHANGE IN NET ASSETS RESULTING
FROM OPERATIONS | | $ | 1,074,711 | | | $ | 142,569 | | | $ | 25,383,630 | | | $ | (608,272 | ) | | $ | (256,893 | ) | |
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 :: 211
| | | Precious
Metals
UltraSector
ProFund | | Real Estate
UltraSector
ProFund | | Rising Rates
Opportunity
ProFund | | Rising Rates
Opportunity 10
ProFund | | Rising
U.S. Dollar
ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | |
INVESTMENT INCOME: | |
Dividends | | $ | 379,065 | | | $ | 96,255 | | | $ | — | | | $ | — | | | $ | — | | |
Interest | | | 286,560 | | | | 51,683 | | | | 847,528 | | | | 116,145 | | | | 506,144 | | |
Foreign tax withholding | | | (39,185 | ) | | | — | | | | — | | | | — | | | | — | | |
Net income from securities lending | | | 279 | | | | — | | | | — | | | | — | | | | — | | |
TOTAL INVESTMENT INCOME | | | 626,719 | | | | 147,938 | | | | 847,528 | | | | 116,145 | | | | 506,144 | | |
EXPENSES: | |
Advisory fees | | | 176,428 | | | | 31,494 | | | | 121,508 | | | | 16,764 | | | | 77,384 | | |
Management services fees | | | 35,286 | | | | 6,299 | | | | 24,302 | | | | 3,353 | | | | 15,477 | | |
Administration fees | | | 20,091 | | | | 3,571 | | | | 13,283 | | | | 1,893 | | | | 8,922 | | |
Distribution and services fees—Service Class | | | 14,229 | | | | 2,921 | | | | 18,681 | | | | 3,026 | | | | 667 | | |
Transfer agency fees | | | 14,757 | | | | 2,623 | | | | 10,248 | | | | 1,606 | | | | 10,423 | | |
Administrative services fees | | | 49,943 | | | | 8,935 | | | | 36,320 | | | | 4,852 | | | | 10,956 | | |
Registration and filing fees | | | 35,737 | | | | 33,019 | | | | 47,780 | | | | 35,303 | | | | 33,014 | | |
Custody fees | | | 4,078 | | | | 851 | | | | 4,454 | | | | 336 | | | | 9,731 | | |
Fund accounting fees | | | 11,136 | | | | 2,091 | | | | 7,899 | | | | 1,117 | | | | 4,868 | | |
Trustee fees | | | 264 | | | | 46 | | | | 192 | | | | 27 | | | | 112 | | |
Compliance services fees | | | 84 | | | | 15 | | | | 52 | | | | 2 | | | | 30 | | |
Licensing fees | | | 4,138 | | | | 1,135 | | | | — | | | | — | | | | 67,803 | | |
Service fees | | | 1,397 | | | | 252 | | | | 1,053 | | | | 150 | | | | 627 | | |
Other fees | | | 22,900 | | | | 8,023 | | | | 16,942 | | | | 3,940 | | | | 11,478 | | |
Total Gross Expenses before reductions | | | 390,468 | | | | 101,275 | | | | 302,714 | | | | 72,369 | | | | 251,492 | | |
Expenses reduced and reimbursed by the Advisor | | | — | | | | (21,269 | ) | | | — | | | | (29,461 | ) | | | (67,143 | ) | |
Fees paid indirectly | | | (650 | ) | | | (104 | ) | | | (610 | ) | | | (96 | ) | | | (25 | ) | |
TOTAL NET EXPENSES | | | 389,818 | | | | 79,902 | | | | 302,104 | | | | 42,812 | | | | 184,324 | | |
NET INVESTMENT INCOME (LOSS) | | | 236,901 | | | | 68,036 | | | | 545,424 | | | | 73,333 | | | | 321,820 | | |
REALIZED AND UNREALIZED GAINS (LOSSES)
ON INVESTMENTS: | |
Net realized gains (losses) on investment securities | | | (571,180 | ) | | | 8,852 | | | | — | | | | — | | | | — | | |
Net realized gains (losses) on futures contracts | | | — | | | | — | | | | 37,758 | | | | — | | | | — | | |
Net realized gains (losses) on swap agreements | | | 2,029,901 | | | | (33,772 | ) | | | (912,929 | ) | | | 53,571 | | | | — | | |
Net realized gains (losses) on forward currency contracts | | | — | | | | — | | | | — | | | | — | | | | 413,744 | | |
Change in net unrealized appreciation/depreciation on
investment securities | | | 3,978,885 | | | | 224,307 | | | | — | | | | — | | | | — | | |
Change in net unrealized appreciation/depreciation on
futures contracts | | | — | | | | — | | | | — | | | | — | | | | — | | |
Change in net unrealized appreciation/depreciation on
swap agreements | | | 443,394 | | | | 134,077 | | | | (422,094 | ) | | | (53,972 | ) | | | — | | |
Change in net unrealized appreciation/depreciation on
forward currency contracts | | | — | | | | — | | | | — | | | | — | | | | (168,040 | ) | |
NET REALIZED AND UNREALIZED GAINS
(LOSSES) ON INVESTMENTS | | | 5,881,000 | | | | 333,464 | | | | (1,297,265 | ) | | | (401 | ) | | | 245,704 | | |
CHANGE IN NET ASSETS RESULTING
FROM OPERATIONS | | $ | 6,117,901 | | | $ | 401,500 | | | $ | (751,841 | ) | | $ | 72,932 | | | $ | 567,524 | | |
See accompanying notes to the financial statements.
212 :: Statements of Operations :: For the Periods Indicated
| | | Semiconductor
UltraSector
ProFund | | Short
Energy
ProFund | | Short
Nasdaq-100
ProFund | | Short
Precious
Metals
ProFund | | Short
Real Estate
ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | |
INVESTMENT INCOME: | |
Dividends | | $ | 1,223,832 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | |
Interest | | | 2,637,140 | | | | 33,166 | | | | 320,393 | | | | 210,185 | | | | 108,751 | | |
Foreign tax withholding | | | (7,061 | ) | | | — | | | | — | | | | — | | | | — | | |
Net income from securities lending | | | 585 | | | | — | | | | — | | | | — | | | | — | | |
TOTAL INVESTMENT INCOME | | | 3,854,496 | | | | 33,166 | | | | 320,393 | | | | 210,185 | | | | 108,751 | | |
EXPENSES: | |
Advisory fees | | | 1,764,794 | | | | 4,843 | | | | 47,141 | | | | 29,785 | | | | 15,496 | | |
Management services fees | | | 352,962 | | | | 969 | | | | 9,428 | | | | 5,957 | | | | 3,099 | | |
Administration fees | | | 191,582 | | | | 524 | | | | 4,962 | | | | 2,952 | | | | 1,676 | | |
Distribution and services fees—Service Class | | | 108,879 | | | | 300 | | | | 1,352 | | | | 408 | | | | 639 | | |
Transfer agency fees | | | 112,234 | | | | 426 | | | | 3,346 | | | | 1,933 | | | | 1,124 | | |
Administrative services fees | | | 608,279 | | | | 1,435 | | | | 18,538 | | | | 10,972 | | | | 4,982 | | |
Registration and filing fees | | | 51,663 | | | | 32,824 | | | | 81,394 | | | | 31,580 | | | | 29,721 | | |
Custody fees | | | 41,706 | | | | 239 | | | | 4,506 | | | | 664 | | | | 308 | | |
Fund accounting fees | | | 106,452 | | | | 306 | | | | 3,095 | | | | 1,825 | | | | 990 | | |
Trustee fees | | | 2,292 | | | | 6 | | | | 144 | | | | 47 | | | | 25 | | |
Compliance services fees | | | 1,234 | | | | 4 | | | | 14 | | | | 17 | | | | 7 | | |
Service fees | | | 12,865 | | | | 40 | | | | 401 | | | | 227 | | | | 130 | | |
Other fees | | | 260,881 | | | | 2,461 | | | | 8,489 | | | | 6,017 | | | | 3,932 | | |
Total Gross Expenses before reductions | | | 3,615,823 | | | | 44,377 | | | | 182,810 | | | | 92,384 | | | | 62,129 | | |
Expenses reduced and reimbursed by the Advisor | | | — | | | | (32,540 | ) | | | (62,679 | ) | | | (21,201 | ) | | | (24,598 | ) | |
Fees paid indirectly | | | (11,297 | ) | | | (42 | ) | | | (538 | ) | | | (86 | ) | | | (114 | ) | |
TOTAL NET EXPENSES | | | 3,604,526 | | | | 11,795 | | | | 119,593 | | | | 71,097 | | | | 37,417 | | |
NET INVESTMENT INCOME (LOSS) | | | 249,970 | | | | 21,371 | | | | 200,800 | | | | 139,088 | | | | 71,334 | | |
REALIZED AND UNREALIZED GAINS (LOSSES)
ON INVESTMENTS: | |
Net realized gains (losses) on investment securities | | | 17,240,317 | | | | — | | | | — | | | | — | | | | — | | |
Net realized gains (losses) on futures contracts | | | — | | | | — | | | | (82,233 | ) | | | — | | | | — | | |
Net realized gains (losses) on swap agreements | | | 105,132,976 | | | | (52,978 | ) | | | 258,790 | | | | (497,791 | ) | | | (198,868 | ) | |
Change in net unrealized appreciation/depreciation on
investment securities | | | 76,413,011 | | | | — | | | | — | | | | — | | | | — | | |
Change in net unrealized appreciation/depreciation on
futures contracts | | | — | | | | — | | | | 27,300 | | | | — | | | | — | | |
Change in net unrealized appreciation/depreciation on
swap agreements | | | (13,016,971 | ) | | | 322 | | | | 56,368 | | | | 159,956 | | | | (45,400 | ) | |
NET REALIZED AND UNREALIZED GAINS
(LOSSES) ON INVESTMENTS | | | 185,769,333 | | | | (52,656 | ) | | | 260,225 | | | | (337,835 | ) | | | (244,268 | ) | |
CHANGE IN NET ASSETS RESULTING
FROM OPERATIONS | | $ | 186,019,303 | | | $ | (31,285 | ) | | $ | 461,025 | | | $ | (198,747 | ) | | $ | (172,934 | ) | |
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 :: 213
| | | Short
Small-Cap
ProFund | | Small-Cap
Growth
ProFund | | Small-Cap
ProFund | | Small-Cap
Value
ProFund | | Technology
UltraSector
ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | |
INVESTMENT INCOME: | |
Dividends | | $ | — | | | $ | 57,964 | | | $ | 32,643 | | | $ | 96,725 | | | $ | 513,688 | | |
Interest | | | 366,210 | | | | 426 | | | | 106,952 | | | | 403 | | | | 896,754 | | |
Foreign tax withholding | | | — | | | | — | | | | (38 | ) | | | — | | | | (1,055 | ) | |
Net income from securities lending | | | — | | | | 108 | | | | 1,135 | | | | 1,519 | | | | — | | |
TOTAL INVESTMENT INCOME | | | 366,210 | | | | 58,498 | | | | 140,692 | | | | 98,647 | | | | 1,409,387 | | |
EXPENSES: | |
Advisory fees | | | 52,698 | | | | 33,973 | | | | 32,569 | | | | 35,685 | | | | 585,822 | | |
Management services fees | | | 10,540 | | | | 6,795 | | | | 6,514 | | | | 7,137 | | | | 117,165 | | |
Administration fees | | | 6,083 | | | | 3,940 | | | | 3,657 | | | | 4,035 | | | | 65,260 | | |
Distribution and services fees—Service Class | | | 573 | | | | 6,395 | | | | 3,356 | | | | 4,923 | | | | 48,854 | | |
Transfer agency fees | | | 3,564 | | | | 3,228 | | | | 4,141 | | | | 3,073 | | | | 39,988 | | |
Administrative services fees | | | 20,783 | | | | 8,168 | | | | 5,140 | | | | 12,303 | | | | 185,769 | | |
Registration and filing fees | | | 73,010 | | | | 29,745 | | | | 34,351 | | | | 35,445 | | | | 44,224 | | |
Custody fees | | | 1,768 | | | | 1,129 | | | | 742 | | | | 2,150 | | | | 11,874 | | |
Fund accounting fees | | | 3,512 | | | | 3,367 | | | | 9,113 | | | | 4,050 | | | | 36,403 | | |
Trustee fees | | | 74 | | | | 50 | | | | 50 | | | | 35 | | | | 849 | | |
Compliance services fees | | | 12 | | | | 11 | | | | 18 | | | | 20 | | | | 347 | | |
Service fees | | | 471 | | | | 266 | | | | 255 | | | | 279 | | | | 4,511 | | |
Other fees | | | 17,128 | | | | 6,157 | | | | 9,344 | | | | 6,934 | | | | 96,160 | | |
Total Gross Expenses before reductions | | | 190,216 | | | | 103,224 | | | | 109,250 | | | | 116,069 | | | | 1,237,226 | | |
Expenses reduced and reimbursed by the Advisor | | | (63,588 | ) | | | (16,186 | ) | | | (28,448 | ) | | | (24,721 | ) | | | — | | |
Fees paid indirectly | | | (985 | ) | | | (13 | ) | | | (149 | ) | | | (96 | ) | | | (2,084 | ) | |
TOTAL NET EXPENSES | | | 125,643 | | | | 87,025 | | | | 80,653 | | | | 91,252 | | | | 1,235,142 | | |
NET INVESTMENT INCOME (LOSS) | | | 240,567 | | | | (28,527 | ) | | | 60,039 | | | | 7,395 | | | | 174,245 | | |
REALIZED AND UNREALIZED GAINS (LOSSES)
ON INVESTMENTS: | |
Net realized gains (losses) on investment securities | | | — | | | | 652,119 | | | | 42,189 | | | | (878,095 | ) | | | 9,454,357 | | |
Net realized gains (losses) on futures contracts | | | — | | | | — | | | | 4,691 | | | | — | | | | — | | |
Net realized gains (losses) on swap agreements | | | (2,264,400 | ) | | | — | | | | 638,867 | | | | — | | | | 11,509,036 | | |
Change in net unrealized appreciation/depreciation on
investment securities | | | — | | | | 99,141 | | | | 269,455 | | | | 366,221 | | | | 2,890,256 | | |
Change in net unrealized appreciation/depreciation on
futures contracts | | | — | | | | — | | | | 23,827 | | | | — | | | | — | | |
Change in net unrealized appreciation/depreciation on
swap agreements | | | 37,927 | | | | — | | | | 16,519 | | | | — | | | | (2,551,480 | ) | |
NET REALIZED AND UNREALIZED GAINS
(LOSSES) ON INVESTMENTS | | | (2,226,473 | ) | | | 751,260 | | | | 995,548 | | | | (511,874 | ) | | | 21,302,169 | | |
CHANGE IN NET ASSETS RESULTING
FROM OPERATIONS | | $ | (1,985,906 | ) | | $ | 722,733 | | | $ | 1,055,587 | | | $ | (504,479 | ) | | $ | 21,476,414 | | |
See accompanying notes to the financial statements.
214 :: Statements of Operations :: For the Periods Indicated
| | | UltraBear
ProFund | | UltraBull
ProFund | | UltraChina
ProFund | | UltraDow 30
ProFund | | UltraEmerging
Markets
ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | |
INVESTMENT INCOME: | |
Dividends | | $ | — | | | $ | 1,287,713 | | | $ | 354,759 | | | $ | 491,060 | | | $ | 196,563 | | |
Interest | | | 488,492 | | | | 1,797,676 | | | | 206,718 | | | | 410,839 | | | | 52,484 | | |
Foreign tax withholding | | | — | | | | (338 | ) | | | (297 | ) | | | — | | | | (14,834 | ) | |
Net income from securities lending | | | — | | | | 1 | | | | 9,972 | | | | — | | | | 5,412 | | |
TOTAL INVESTMENT INCOME | | | 488,492 | | | | 3,085,052 | | | | 571,152 | | | | 901,899 | | | | 239,625 | | |
EXPENSES: | |
Advisory fees | | | 68,760 | | | | 917,898 | | | | 169,781 | | | | 243,099 | | | | 51,658 | | |
Management services fees | | | 13,752 | | | | 183,581 | | | | 33,957 | | | | 48,620 | | | | 10,332 | | |
Administration fees | | | 8,434 | | | | 101,883 | | | | 19,169 | | | | 27,284 | | | | 5,969 | | |
Distribution and services fees—Service Class | | | 920 | | | | 29,665 | | | | 6,272 | | | | 12,526 | | | | 1,289 | | |
Transfer agency fees | | | 5,968 | | | | 70,149 | | | | 12,608 | | | | 20,262 | | | | 4,135 | | |
Administrative services fees | | | 18,763 | | | | 243,676 | | | | 56,445 | | | | 68,682 | | | | 16,435 | | |
Registration and filing fees | | | 36,257 | | | | 94,677 | | | | 43,440 | | | | 38,548 | | | | 35,547 | | |
Custody fees | | | 1,374 | | | | 23,254 | | | | 25,957 | | | | 5,038 | | | | 7,734 | | |
Fund accounting fees | | | 4,441 | | | | 58,986 | | | | 10,833 | | | | 15,317 | | | | 3,420 | | |
Trustee fees | | | 112 | | | | 1,381 | | | | 265 | | | | 369 | | | | 75 | | |
Compliance services fees | | | 16 | | | | 557 | | | | 96 | | | | 131 | | | | 19 | | |
Service fees | | | 576 | | | | 7,236 | | | | 1,373 | | | | 1,934 | | | | 415 | | |
Other fees | | | 12,862 | | | | 126,829 | | | | 26,828 | | | | 41,119 | | | | 8,671 | | |
Recoupment of prior expenses reduced by the Advisor | | | — | | | | — | | | | — | | | | — | | | | — | | |
Total Gross Expenses before reductions | | | 172,235 | | | | 1,859,772 | | | | 407,024 | | | | 522,929 | | | | 145,699 | | |
Expenses reduced and reimbursed by the Advisor | | | (7,452 | ) | | | — | | | | — | | | | — | | | | (21,646 | ) | |
Fees paid indirectly | | | (408 | ) | | | (3,950 | ) | | | (663 | ) | | | (1,239 | ) | | | (162 | ) | |
TOTAL NET EXPENSES | | | 164,375 | | | | 1,855,822 | | | | 406,361 | | | | 521,690 | | | | 123,891 | | |
NET INVESTMENT INCOME (LOSS) | | | 324,117 | | | | 1,229,230 | | | | 164,791 | | | | 380,209 | | | | 115,734 | | |
REALIZED AND UNREALIZED GAINS (LOSSES)
ON INVESTMENTS: | |
Net realized gains (losses) on investment securities | | | — | | | | 2,821,811 | | | | (1,255,675 | ) | | | 446,842 | | | | 429,275 | | |
Net realized gains (losses) on futures contracts | | | (140,081 | ) | | | 1,750,009 | | | | — | | | | 333,911 | | | | — | | |
Net realized gains (losses) on swap agreements | | | (2,434,290 | ) | | | 21,811,179 | | | | (6,090,820 | ) | | | 3,911,557 | | | | 64,897 | | |
Change in net unrealized appreciation/depreciation on
investment securities | | | — | | | | 13,360,725 | | | | (3,278,306 | ) | | | 3,051,603 | | | | (384,796 | ) | |
Change in net unrealized appreciation/depreciation on
futures contracts | | | 32,400 | | | | (438,502 | ) | | | — | | | | 92,038 | | | | — | | |
Change in net unrealized appreciation/depreciation on
swap agreements | | | 90,061 | | | | 261,106 | | | | (355,293 | ) | | | 88,438 | | | | (215,978 | ) | |
NET REALIZED AND UNREALIZED GAINS
(LOSSES) ON INVESTMENTS | | | (2,451,910 | ) | | | 39,566,328 | | | | (10,980,094 | ) | | | 7,924,389 | | | | (106,602 | ) | |
CHANGE IN NET ASSETS RESULTING
FROM OPERATIONS | | $ | (2,127,793 | ) | | $ | 40,795,558 | | | $ | (10,815,303 | ) | | $ | 8,304,598 | | | $ | 9,132 | | |
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 :: 215
| | | UltraInternational
ProFund | | UltraJapan
ProFund | | UltraLatin
America
ProFund | | UltraMid-Cap
ProFund | | UltraNasdaq-100
ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | |
INVESTMENT INCOME: | |
Dividends | | $ | — | | | $ | — | | | $ | 602,387 | | | $ | 402,186 | | | $ | 5,628,921 | | |
Interest | | | 213,028 | | | | 1,223,777 | | | | 74,934 | | | | 539,208 | | | | 12,357,130 | | |
Foreign tax withholding | | | — | | | | — | | | | (38,371 | ) | | | — | | | | (7,484 | ) | |
Net income from securities lending | | | — | | | | — | | | | 6,956 | | | | 933 | | | | 163,813 | | |
TOTAL INVESTMENT INCOME | | | 213,028 | | | | 1,223,777 | | | | 645,906 | | | | 942,327 | | | | 18,142,380 | | |
EXPENSES: | |
Advisory fees | | | 30,274 | | | | 215,213 | | | | 69,938 | | | | 279,174 | | | | 6,468,904 | | |
Management services fees | | | 6,055 | | | | 35,869 | | | | 13,988 | | | | 55,835 | | | | 1,293,791 | | |
Administration fees | | | 3,210 | | | | 20,437 | | | | 8,069 | | | | 31,296 | | | | 720,665 | | |
Distribution and services fees—Service Class | | | 745 | | | | 3,222 | | | | 2,128 | | | | 15,271 | | | | 185,128 | | |
Transfer agency fees | | | 2,208 | | | | 17,971 | | | | 10,685 | | | | 19,710 | | | | 509,433 | | |
Administrative services fees | | | 9,613 | | | | 42,968 | | | | 7,161 | | | | 87,306 | | | | 1,954,615 | | |
Registration and filing fees | | | 35,469 | | | | 36,269 | | | | 32,526 | | | | 42,205 | | | | 286,130 | | |
Custody fees | | | 785 | | | | 3,753 | | | | 17,103 | | | | 5,801 | | | | 128,621 | | |
Fund accounting fees | | | 1,909 | | | | 11,135 | | | | 4,585 | | | | 18,819 | | | | 403,273 | | |
Trustee fees | | | 47 | | | | 290 | | | | 112 | | | | 430 | | | | 9,607 | | |
Compliance services fees | | | 13 | | | | 77 | | | | 33 | | | | 140 | | | | 3,925 | | |
Service fees | | | 244 | | | | 1,391 | | | | 580 | | | | 2,200 | | | | 50,917 | | |
Other fees | | | 5,174 | | | | 23,314 | | | | 12,148 | | | | 40,802 | | | | 1,148,732 | | |
Recoupment of prior expenses reduced by the Advisor | | | — | | | | 14,062 | | | | — | | | | — | | | | — | | |
Total Gross Expenses before reductions | | | 95,746 | | | | 425,971 | | | | 179,056 | | | | 598,989 | | | | 13,163,741 | | |
Expenses reduced and reimbursed by the Advisor | | | (23,038 | ) | | | (445 | ) | | | (5,007 | ) | | | — | | | | — | | |
Fees paid indirectly | | | (112 | ) | | | (1,996 | ) | | | (403 | ) | | | (1,496 | ) | | | (49,561 | ) | |
TOTAL NET EXPENSES | | | 72,596 | | | | 423,530 | | | | 173,646 | | | | 597,493 | | | | 13,114,180 | | |
NET INVESTMENT INCOME (LOSS) | | | 140,432 | | | | 800,247 | | | | 472,260 | | | | 344,834 | | | | 5,028,200 | | |
REALIZED AND UNREALIZED GAINS (LOSSES)
ON INVESTMENTS: | |
Net realized gains (losses) on investment securities | | | — | | | | — | | | | 633,870 | | | | 2,091,780 | | | | (1,660,835 | ) | |
Net realized gains (losses) on futures contracts | | | — | | | | 7,328,914 | | | | — | | | | 360,467 | | | | 7,416,788 | | |
Net realized gains (losses) on swap agreements | | | (147,641 | ) | | | 75,297 | | | | (936,418 | ) | | | 2,876,045 | | | | 159,160,417 | | |
Change in net unrealized appreciation/depreciation on
investment securities | | | — | | | | — | | | | (1,591,237 | ) | | | 899,630 | | | | 135,164,671 | | |
Change in net unrealized appreciation/depreciation on
futures contracts | | | — | | | | (1,631,924 | ) | | | — | | | | (19,571 | ) | | | (3,097,831 | ) | |
Change in net unrealized appreciation/depreciation on
swap agreements | | | 46,128 | | | | (8,234 | ) | | | (193,286 | ) | | | (9,591 | ) | | | (724,385 | ) | |
NET REALIZED AND UNREALIZED GAINS
(LOSSES) ON INVESTMENTS | | | (101,513 | ) | | | 5,764,053 | | | | (2,087,071 | ) | | | 6,198,760 | | | | 296,258,825 | | |
CHANGE IN NET ASSETS RESULTING
FROM OPERATIONS | | $ | 38,919 | | | $ | 6,564,300 | | | $ | (1,614,811 | ) | | $ | 6,543,594 | | | $ | 301,287,025 | | |
See accompanying notes to the financial statements.
216 :: Statements of Operations :: For the Periods Indicated
| | | UltraShort
China
ProFund | | UltraShort
Dow 30
ProFund | | UltraShort
Emerging
Markets
ProFund | | UltraShort
International
ProFund | | UltraShort
Japan
ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | |
INVESTMENT INCOME: | |
Dividends | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | |
Interest | | | 106,248 | | | | 142,222 | | | | 39,179 | | | | 114,197 | | | | 46,816 | | |
Foreign tax withholding | | | — | | | | — | | | | — | | | | — | | | | — | | |
TOTAL INVESTMENT INCOME | | | 106,248 | | | | 142,222 | | | | 39,179 | | | | 114,197 | | | | 46,816 | | |
EXPENSES: | |
Advisory fees | | | 15,051 | | | | 20,118 | | | | 5,555 | | | | 16,238 | | | | 8,370 | | |
Management services fees | | | 3,010 | | | | 4,024 | | | | 1,111 | | | | 3,248 | | | | 1,395 | | |
Administration fees | | | 1,594 | | | | 2,312 | | | | 595 | | | | 1,740 | | | | 795 | | |
Distribution and services fees—Service Class | | | 148 | | | | 843 | | | | 148 | | | | 116 | | | | 244 | | |
Transfer agency fees | | | 1,404 | | | | 1,505 | | | | 557 | | | | 1,082 | | | | 502 | | |
Administrative services fees | | | 4,135 | | | | 6,561 | | | | 1,502 | | | | 5,499 | | | | 2,345 | | |
Registration and filing fees | | | 34,692 | | | | 32,873 | | | | 30,001 | | | | 30,376 | | | | 29,957 | | |
Custody fees | | | 382 | | | | 385 | | | | 116 | | | | 327 | | | | 127 | | |
Fund accounting fees | | | 961 | | | | 1,276 | | | | 365 | | | | 1,041 | | | | 446 | | |
Trustee fees | | | 22 | | | | 28 | | | | 9 | | | | 27 | | | | 11 | | |
Compliance services fees | | | 9 | | | | 13 | | | | 4 | | | | 6 | | | | 3 | | |
Licensing fees | | | 419 | | | | 904 | | | | 162 | | | | — | | | | — | | |
Service fees | | | 125 | | | | 163 | | | | 48 | | | | 135 | | | | 56 | | |
Other fees | | | 3,497 | | | | 3,874 | | | | 2,370 | | | | 3,654 | | | | 2,559 | | |
Total Gross Expenses before reductions | | | 65,449 | | | | 74,879 | | | | 42,543 | | | | 63,489 | | | | 46,810 | | |
Expenses reduced and reimbursed by the Advisor | | | (29,300 | ) | | | (26,112 | ) | | | (29,171 | ) | | | (24,705 | ) | | | (29,921 | ) | |
Fees paid indirectly | | | (230 | ) | | | (122 | ) | | | (40 | ) | | | (130 | ) | | | (90 | ) | |
TOTAL NET EXPENSES | | | 35,919 | | | | 48,645 | | | | 13,332 | | | | 38,654 | | | | 16,799 | | |
NET INVESTMENT INCOME (LOSS) | | | 70,329 | | | | 93,577 | | | | 25,847 | | | | 75,543 | | | | 30,017 | | |
REALIZED AND UNREALIZED GAINS (LOSSES)
ON INVESTMENTS: | |
Net realized gains (losses) on investment securities | | | — | | | | — | | | | — | | | | — | | | | — | | |
Net realized gains (losses) on futures contracts | | | — | | | | — | | | | — | | | | — | | | | (225,353 | ) | |
Net realized gains (losses) on swap agreements | | | 258,450 | | | | (594,170 | ) | | | (284,398 | ) | | | (242,387 | ) | | | (90,765 | ) | |
Change in net unrealized appreciation/depreciation on
investment securities | | | — | | | | — | | | | — | | | | — | | | | — | | |
Change in net unrealized appreciation/depreciation on
futures contracts | | | — | | | | — | | | | — | | | | — | | | | 92,212 | | |
Change in net unrealized appreciation/depreciation on
swap agreements | | | 492,435 | | | | 21,201 | | | | 28,785 | | | | (20,616 | ) | | | 8,801 | | |
NET REALIZED AND UNREALIZED GAINS
(LOSSES) ON INVESTMENTS | | | 750,885 | | | | (572,969 | ) | | | (255,613 | ) | | | (263,003 | ) | | | (215,105 | ) | |
CHANGE IN NET ASSETS RESULTING
FROM OPERATIONS | | $ | 821,214 | | | $ | (479,392 | ) | | $ | (229,766 | ) | | $ | (187,460 | ) | | $ | (185,088 | ) | |
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 :: 217
| | | UltraShort
Latin America
ProFund | | UltraShort
Mid-Cap
ProFund | | UltraShort
Nasdaq-100
ProFund | | UltraShort
Small-Cap
ProFund | | UltraSmall-Cap
ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | |
INVESTMENT INCOME: | |
Dividends | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 423,825 | | |
Interest | | | 77,201 | | | | 49,127 | | | | 917,377 | | | | 256,958 | | | | 692,912 | | |
Foreign tax withholding | | | — | | | | — | | | | — | | | | — | | | | (543 | ) | |
TOTAL INVESTMENT INCOME | | | 77,201 | | | | 49,127 | | | | 917,377 | | | | 256,958 | | | | 1,116,194 | | |
EXPENSES: | |
Advisory fees | | | 11,117 | | | | 7,011 | | | | 130,212 | | | | 36,845 | | | | 336,107 | | |
Management services fees | | | 2,223 | | | | 1,402 | | | | 26,043 | | | | 7,369 | | | | 67,222 | | |
Administration fees | | | 1,176 | | | | 856 | | | | 15,329 | | | | 4,208 | | | | 37,304 | | |
Distribution and services fees—Service Class | | | 307 | | | | 293 | | | | 666 | | | | 1,724 | | | | 2,983 | | |
Transfer agency fees | | | 804 | | | | 669 | | | | 8,870 | | | | 3,297 | | | | 23,700 | | |
Administrative services fees | | | 3,961 | | | | 1,993 | | | | 42,350 | | | | 9,692 | | | | 113,508 | | |
Registration and filing fees | | | 31,119 | | | | 31,758 | | | | 81,473 | | | | 37,757 | | | | 59,503 | | |
Custody fees | | | 209 | | | | 153 | | | | 3,085 | | | | 834 | | | | 7,200 | | |
Fund accounting fees | | | 720 | | | | 452 | | | | 8,316 | | | | 2,299 | | | | 28,145 | | |
Trustee fees | | | 16 | | | | 11 | | | | 216 | | | | 56 | | | | 508 | | |
Compliance services fees | | | 5 | | | | 1 | | | | 39 | | | | 26 | | | | 208 | | |
Licensing fees | | | 170 | | | | 4 | | | | 7,209 | | | | 4,795 | | | | 47,067 | | |
Service fees | | | 92 | | | | 60 | | | | 1,084 | | | | 299 | | | | 2,681 | | |
Other fees | | | 3,323 | | | | 2,943 | | | | 24,315 | | | | 9,050 | | | | 41,521 | | |
Total Gross Expenses before reductions | | | 55,242 | | | | 47,606 | | | | 349,207 | | | | 118,251 | | | | 767,657 | | |
Expenses reduced and reimbursed by the Advisor | | | (28,477 | ) | | | (30,601 | ) | | | (21,163 | ) | | | (28,396 | ) | | | — | | |
Fees paid indirectly | | | (73 | ) | | | (71 | ) | | | (2,056 | ) | | | (686 | ) | | | (4,069 | ) | |
TOTAL NET EXPENSES | | | 26,692 | | | | 16,934 | | | | 325,988 | | | | 89,169 | | | | 763,588 | | |
NET INVESTMENT INCOME (LOSS) | | | 50,509 | | | | 32,193 | | | | 591,389 | | | | 167,789 | | | | 352,606 | | |
REALIZED AND UNREALIZED GAINS (LOSSES)
ON INVESTMENTS: | |
Net realized gains (losses) on investment securities | | | — | | | | — | | | | — | | | | — | | | | 1,939,822 | | |
Net realized gains (losses) on futures contracts | | | — | | | | (9,455 | ) | | | (403,451 | ) | | | (96,380 | ) | | | 39,567 | | |
Net realized gains (losses) on swap agreements | | | 375,177 | | | | (200,300 | ) | | | (6,908,555 | ) | | | (847,329 | ) | | | 7,945,285 | | |
Change in net unrealized appreciation/depreciation on
investment securities | | | — | | | | — | | | | — | | | | — | | | | 2,425,006 | | |
Change in net unrealized appreciation/depreciation on
futures contracts | | | — | | | | 18,792 | | | | 119,273 | | | | 33,485 | | | | 395,061 | | |
Change in net unrealized appreciation/depreciation on
swap agreements | | | 55,616 | | | | 11,243 | | | | 403,170 | | | | 225,047 | | | | (811,956 | ) | |
NET REALIZED AND UNREALIZED GAINS
(LOSSES) ON INVESTMENTS | | | 430,793 | | | | (179,720 | ) | | | (6,789,563 | ) | | | (685,177 | ) | | | 11,932,785 | | |
CHANGE IN NET ASSETS RESULTING
FROM OPERATIONS | | $ | 481,302 | | | $ | (147,527 | ) | | $ | (6,198,174 | ) | | $ | (517,388 | ) | | $ | 12,285,391 | | |
See accompanying notes to the financial statements.
218 :: Statements of Operations :: For the Periods Indicated
| | | U.S.
Government
Plus ProFund | | Utilities
UltraSector
ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2024 | |
INVESTMENT INCOME: | |
Dividends | | $ | — | | | $ | 228,799 | | |
Interest | | | 399,172 | | | | 133,808 | | |
TOTAL INVESTMENT INCOME | | | 399,172 | | | | 362,607 | | |
EXPENSES: | |
Advisory fees | | | 37,041 | | | | 83,110 | | |
Management services fees | | | 11,113 | | | | 16,622 | | |
Administration fees | | | 6,160 | | | | 9,019 | | |
Distribution and services fees—Service Class | | | 9,131 | | | | 3,613 | | |
Transfer agency fees | | | 4,442 | | | | 5,736 | | |
Administrative services fees | | | 17,044 | | | | 27,194 | | |
Registration and filing fees | | | 49,904 | | | | 33,665 | | |
Custody fees | | | 3,641 | | | | 2,257 | | |
Fund accounting fees | | | 3,455 | | | | 5,098 | | |
Trustee fees | | | 63 | | | | 80 | | |
Compliance services fees | | | 24 | | | | 55 | | |
Service fees | | | 438 | | | | 611 | | |
Other fees | | | 8,963 | | | | 16,613 | | |
Recoupment of prior expenses reduced by the Advisor | | | — | | | | 140 | | |
Total Gross Expenses before reductions | | | 151,419 | | | | 203,813 | | |
Expenses reduced and reimbursed by the Advisor | | | (15,213 | ) | | | (140 | ) | |
Fees paid indirectly | | | (246 | ) | | | (289 | ) | |
TOTAL NET EXPENSES | | | 135,960 | | | | 203,384 | | |
NET INVESTMENT INCOME (LOSS) | | | 263,212 | | | | 159,223 | | |
REALIZED AND UNREALIZED GAINS (LOSSES)
ON INVESTMENTS: | |
Net realized gains (losses) on investment securities | | | — | | | | (17,688 | ) | |
Net realized gains (losses) on futures contracts | | | 113,103 | | | | — | | |
Net realized gains (losses) on swap agreements | | | (1,659,716 | ) | | | (350,774 | ) | |
Change in net unrealized appreciation/depreciation on
investment securities | | | — | | | | 1,018,315 | | |
Change in net unrealized appreciation/depreciation on
swap agreements | | | 485,826 | | | | 988,997 | | |
NET REALIZED AND UNREALIZED GAINS
(LOSSES) ON INVESTMENTS | | | (1,060,787 | ) | | | 1,638,850 | | |
CHANGE IN NET ASSETS RESULTING
FROM OPERATIONS | | $ | (797,575 | ) | | $ | 1,798,073 | | |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
Statements of
Changes in Net Assets
220 :: Statements of Changes in Net Assets :: For the Periods Indicated
| | | Access Flex Bear
High Yield ProFund | | Access Flex
High Yield ProFund | | Banks UltraSector ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 29,879 | | | $ | 32,592 | | | $ | 455,297 | | | $ | 373,567 | | | $ | 152,187 | | | $ | 109,830 | | |
Net realized gains (losses) on investments | | | (147,964 | ) | | | (56,733 | ) | | | 1,074,559 | | | | 416,140 | | | | 1,901,379 | | | | 2,206,991 | | |
Change in net unrealized appreciation/depreciation
on investments | | | 44,018 | | | | (34,427 | ) | | | (797,255 | ) | | | 905,558 | | | | 733,894 | | | | (2,490,676 | ) | |
Change in net assets resulting from operations | | | (74,067 | ) | | | (58,568 | ) | | | 732,601 | | | | 1,695,265 | | | | 2,787,460 | | | | (173,855 | ) | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | — | | | | — | | | | (1,581,676 | ) | | | (863,165 | ) | | | (156,828 | ) | | | (20,726 | ) | |
Service Class | | | — | | | | — | | | | (134,019 | ) | | | (49,746 | ) | | | (816 | ) | | | — | | |
Change in net assets resulting from distributions | | | — | | | | — | | | | (1,715,695 | ) | | | (912,911 | ) | | | (157,644 | ) | | | (20,726 | ) | |
Change in net assets resulting from capital transactions | | | (1,905,846 | ) | | | 214,191 | | | | (16,891,012 | ) | | | 15,270,263 | | | | (2,057,026 | ) | | | 3,546,832 | | |
Change in net assets | | | (1,979,913 | ) | | | 155,623 | | | | (17,874,106 | ) | | | 16,052,617 | | | | 572,790 | | | | 3,352,251 | | |
NET ASSETS: | |
Beginning of period | | | 2,372,881 | | | | 2,217,258 | | | | 29,131,068 | | | | 13,078,451 | | | | 11,592,316 | | | | 8,240,065 | | |
End of period | | $ | 392,968 | | | $ | 2,372,881 | | | $ | 11,256,962 | | | $ | 29,131,068 | | | $ | 12,165,106 | | | $ | 11,592,316 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 2,811,884 | | | $ | 8,111,301 | | | $ | 37,380,619 | | | $ | 91,243,957 | | | $ | 43,789,204 | | | $ | 36,483,087 | | |
Distributions reinvested | | | — | | | | — | | | | 1,576,812 | | | | 862,322 | | | | 152,163 | | | | 20,323 | | |
Value of shares redeemed | | | (4,720,021 | ) | | | (7,910,392 | ) | | | (55,791,065 | ) | | | (75,849,433 | ) | | | (46,038,474 | ) | | | (33,164,596 | ) | |
Service Class | |
Proceeds from shares issued | | | 15,000 | | | | 358,898 | | | | 589,457 | | | | 958,803 | | | | 2,880,555 | | | | 5,132,292 | | |
Distributions reinvested | | | — | | | | — | | | | 134,019 | | | | 49,746 | | | | 815 | | | | — | | |
Value of shares redeemed | | | (12,709 | ) | | | (345,616 | ) | | | (780,854 | ) | | | (1,995,132 | ) | | | (2,841,289 | ) | | | (4,924,274 | ) | |
Change in net assets resulting from capital transactions | | $ | (1,905,846 | ) | | $ | 214,191 | | | $ | (16,891,012 | ) | | $ | 15,270,263 | | | $ | (2,057,026 | ) | | $ | 3,546,832 | | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 91,100 | | | | 251,247 | | | | 1,268,571 | | | | 3,132,509 | | | | 989,253 | | | | 926,135 | | |
Reinvested | | | — | | | | — | | | | 54,503 | | | | 29,977 | | | | 3,170 | | | | 468 | | |
Redeemed | | | (154,018 | ) | | | (244,564 | ) | | | (1,920,756 | ) | | | (2,596,007 | ) | | | (1,060,104 | ) | | | (835,318 | ) | |
Service Class | |
Issued | | | 558 | | | | 12,615 | | | | 19,819 | | | | 32,849 | | | | 72,203 | | | | 150,746 | | |
Reinvested | | | — | | | | — | | | | 4,632 | | | | 1,755 | | | | 19 | | | | — | | |
Redeemed | | | (483 | ) | | | (12,980 | ) | | | (27,014 | ) | | | (70,710 | ) | | | (74,085 | ) | | | (146,646 | ) | |
Change in shares | | | (62,843 | ) | | | 6,318 | | | | (600,245 | ) | | | 530,373 | | | | (69,544 | ) | | | 95,385 | | |
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 :: 221
| | | Bear ProFund | | Biotechnology UltraSector ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 340,460 | | | $ | 382,546 | | | $ | 232,004 | | | $ | 103,717 | | |
Net realized gains (losses) on investments | | | (3,435,393 | ) | | | (1,151,114 | ) | | | 17,097,229 | | | | 45,544,412 | | |
Change in net unrealized appreciation/depreciation
on investments | | | 40,377 | | | | 320,184 | | | | (376,086 | ) | | | (34,366,487 | ) | |
Change in net assets resulting from operations | | | (3,054,556 | ) | | | (448,384 | ) | | | 16,953,147 | | | | 11,281,642 | | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (361,885 | ) | | | — | | | | (6,891,091 | ) | | | — | | |
Service Class | | | (22,605 | ) | | | — | | | | (327,100 | ) | | | — | | |
Change in net assets resulting from distributions | | | (384,490 | ) | | | — | | | | (7,218,191 | ) | | | — | | |
Change in net assets resulting from capital transactions | | | 1,762,693 | | | | (5,482,900 | ) | | | (18,487,171 | ) | | | (17,241,296 | ) | |
Change in net assets | | | (1,676,353 | ) | | | (5,931,284 | ) | | | (8,752,215 | ) | | | (5,959,654 | ) | |
NET ASSETS: | |
Beginning of period | | | 6,758,220 | | | | 12,689,504 | | | | 117,566,152 | | | | 123,525,806 | | |
End of period | | $ | 5,081,867 | | | $ | 6,758,220 | | | $ | 108,813,937 | | | $ | 117,566,152 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 254,128,275 | | | $ | 261,525,454 | | | $ | 58,965,361 | | | $ | 31,482,654 | | |
Distributions reinvested | | | 312,999 | | | | — | | | | 6,812,289 | | | | — | | |
Value of shares redeemed | | | (252,627,557 | ) | | | (267,129,566 | ) | | | (83,868,631 | ) | | | (47,741,320 | ) | |
Service Class | |
Proceeds from shares issued | | | 1,395,224 | | | | 7,652,173 | | | | 7,568,501 | | | | 5,945,444 | | |
Distributions reinvested | | | 22,538 | | | | — | | | | 325,237 | | | | — | | |
Value of shares redeemed | | | (1,468,786 | ) | | | (7,530,961 | ) | | | (8,289,928 | ) | | | (6,928,074 | ) | |
Change in net assets resulting from capital transactions | | $ | 1,762,693 | | | $ | (5,482,900 | ) | | $ | (18,487,171 | ) | | $ | (17,241,296 | ) | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 19,136,057 | | | | 16,000,350 | | | | 975,245 | | | | 525,897 | | |
Reinvested | | | 23,068 | | | | — | | | | 123,523 | | | | — | | |
Redeemed | | | (19,202,660 | ) | | | (16,334,751 | ) | | | (1,396,274 | ) | | | (808,739 | ) | |
Service Class | |
Issued | | | 110,453 | | | | 511,599 | | | | 204,312 | | | | 149,918 | | |
Reinvested | | | 1,844 | | | | — | | | | 9,335 | | | | — | | |
Redeemed | | | (114,913 | ) | | | (506,264 | ) | | | (221,699 | ) | | | (176,464 | ) | |
Change in shares | | | (46,151 | ) | | | (329,066 | ) | | | (305,558 | ) | | | (309,388 | ) | |
See accompanying notes to the financial statements.
222 :: Statements of Changes in Net Assets :: For the Periods Indicated
| | Bull ProFund | | Communication Services
UltraSector ProFund | | Consumer Discretionary
UltraSector ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 435,626 | | | $ | 241,321 | | | $ | 18,608 | | | $ | (5,000 | ) | | $ | 73,893 | | | $ | 8,658 | | |
Net realized gains (losses) on investments | | | 7,152,269 | | | | 1,521,654 | | | | 975,345 | | | | 54,138 | | | | 2,588,786 | | | | 9,090,223 | | |
Change in net unrealized appreciation/depreciation
on investments | | | 2,682,714 | | | | 1,577,291 | | | | 837,085 | | | | 1,179,568 | | | | (2,365,592 | ) | | | (1,888,207 | ) | |
Change in net assets resulting from operations | | | 10,270,609 | | | | 3,340,266 | | | | 1,831,038 | | | | 1,228,706 | | | | 297,087 | | | | 7,210,674 | | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (640,768 | ) | | | (324,756 | ) | | | — | | | | — | | | | — | | | | — | | |
Service Class | | | (163,539 | ) | | | (45,933 | ) | | | — | | | | — | | | | — | | | | — | | |
Change in net assets resulting from distributions | | | (804,307 | ) | | | (370,689 | ) | | | — | | | | — | | | | — | | | | — | | |
Change in net assets resulting from capital transactions | | | (11,411,944 | ) | | | 6,369,861 | | | | 818,361 | | | | 893,260 | | | | (6,165,184 | ) | | | 18,622,934 | | |
Change in net assets | | | (1,945,642 | ) | | | 9,339,438 | | | | 2,649,399 | | | | 2,121,966 | | | | (5,868,097 | ) | | | 25,833,608 | | |
NET ASSETS: | |
Beginning of period | | | 53,176,142 | | | | 43,836,704 | | | | 6,850,857 | | | | 4,728,891 | | | | 56,958,654 | | | | 31,125,046 | | |
End of period | | $ | 51,230,500 | | | $ | 53,176,142 | | | $ | 9,500,256 | | | $ | 6,850,857 | | | $ | 51,090,557 | | | $ | 56,958,654 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 365,340,966 | | | $ | 320,088,363 | | | $ | 43,080,218 | | | $ | 19,655,214 | | | $ | 81,544,248 | | | $ | 47,298,290 | | |
Distributions reinvested | | | 617,106 | | | | 313,091 | | | | — | | | | — | | | | — | | | | — | | |
Value of shares redeemed | | | (371,576,547 | ) | | | (314,571,416 | ) | | | (41,926,908 | ) | | | (19,208,282 | ) | | | (87,117,479 | ) | | | (29,089,836 | ) | |
Service Class | |
Proceeds from shares issued | | | 155,737,071 | | | | 86,927,473 | | | | 7,411,744 | | | | 5,975,697 | | | | 6,032,242 | | | | 4,457,029 | | |
Distributions reinvested | | | 161,908 | | | | 45,913 | | | | — | | | | — | | | | — | | | | — | | |
Value of shares redeemed | | | (161,692,448 | ) | | | (86,433,563 | ) | | | (7,746,693 | ) | | | (5,529,369 | ) | | | (6,624,195 | ) | | | (4,042,549 | ) | |
Change in net assets resulting from capital transactions | | $ | (11,411,944 | ) | | $ | 6,369,861 | | | $ | 818,361 | | | $ | 893,260 | | | $ | (6,165,184 | ) | | $ | 18,622,934 | | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 6,042,712 | | | | 6,274,865 | | | | 319,337 | | | | 210,742 | | | | 1,483,636 | | | | 1,018,479 | | |
Reinvested | | | 9,028 | | | | 6,470 | | | | — | | | | — | | | | — | | | | — | | |
Redeemed | | | (6,122,335 | ) | | | (6,189,984 | ) | | | (314,107 | ) | | | (208,601 | ) | | | (1,644,598 | ) | | | (654,016 | ) | |
Service Class | |
Issued | | | 3,343,967 | | | | 2,219,056 | | | | 70,838 | | | | 82,312 | | | | 142,423 | | | | 119,651 | | |
Reinvested | | | 3,100 | | | | 1,229 | | | | — | | | | — | | | | — | | | | — | | |
Redeemed | | | (3,475,507 | ) | | | (2,222,691 | ) | | | (74,697 | ) | | | (76,493 | ) | | | (155,356 | ) | | | (110,382 | ) | |
Change in shares | | | (199,035 | ) | | | 88,945 | | | | 1,371 | | | | 7,960 | | | | (173,895 | ) | | | 373,732 | | |
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 :: 223
| | | Consumer Staples
UltraSector ProFund | | Energy UltraSector ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 55,066 | | | $ | 35,879 | | | $ | 768,979 | | | $ | 946,375 | | |
Net realized gains (losses) on investments | | | (47,529 | ) | | | 721,592 | | | | 2,022,140 | | | | 5,647,587 | | |
Change in net unrealized appreciation/depreciation
on investments | | | 55,686 | | | | (1,243,247 | ) | | | (2,354,987 | ) | | | (3,024,808 | ) | |
Change in net assets resulting from operations | | | 63,223 | | | | (485,776 | ) | | | 436,132 | | | | 3,569,154 | | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (46,205 | ) | | | — | | | | (433,234 | ) | | | (1,360,935 | ) | |
Service Class | | | (854 | ) | | | — | | | | — | | | | (44,061 | ) | |
Change in net assets resulting from distributions | | | (47,059 | ) | | | — | | | | (433,234 | ) | | | (1,404,996 | ) | |
Change in net assets resulting from capital transactions | | | (466,053 | ) | | | 90,032 | | | | (8,869,604 | ) | | | (13,454,996 | ) | |
Change in net assets | | | (449,889 | ) | | | (395,744 | ) | | | (8,866,706 | ) | | | (11,290,838 | ) | |
NET ASSETS: | |
Beginning of period | | | 3,810,388 | | | | 4,206,132 | | | | 33,747,822 | | | | 45,038,660 | | |
End of period | | $ | 3,360,499 | | | $ | 3,810,388 | | | $ | 24,881,116 | | | $ | 33,747,822 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 23,346,550 | | | $ | 20,625,500 | | | $ | 140,181,224 | | | $ | 218,946,677 | | |
Distributions reinvested | | | 45,452 | | | | — | | | | 428,557 | | | | 1,279,436 | | |
Value of shares redeemed | | | (23,721,935 | ) | | | (20,608,297 | ) | | | (149,480,666 | ) | | | (232,336,617 | ) | |
Service Class | |
Proceeds from shares issued | | | 1,918,105 | | | | 2,057,028 | | | | 9,150,021 | | | | 7,946,110 | | |
Distributions reinvested | | | 854 | | | | — | | | | — | | | | 43,879 | | |
Value of shares redeemed | | | (2,055,079 | ) | | | (1,984,199 | ) | | | (9,148,740 | ) | | | (9,334,481 | ) | |
Change in net assets resulting from capital transactions | | $ | (466,053 | ) | | $ | 90,032 | | | $ | (8,869,604 | ) | | $ | (13,454,996 | ) | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 336,145 | | | | 286,298 | | | | 3,274,564 | | | | 5,006,109 | | |
Reinvested | | | 685 | | | | — | | | | 10,741 | | | | 29,985 | | |
Redeemed | | | (341,733 | ) | | | (285,782 | ) | | | (3,535,479 | ) | | | (5,390,213 | ) | |
Service Class | |
Issued | | | 31,888 | | | | 32,502 | | | | 247,547 | | | | 231,330 | | |
Reinvested | | | 15 | | | | — | | | | — | | | | 1,217 | | |
Redeemed | | | (34,170 | ) | | | (31,182 | ) | | | (249,271 | ) | | | (270,662 | ) | |
Change in shares | | | (7,170 | ) | | | 1,836 | | | | (251,898 | ) | | | (392,234 | ) | |
See accompanying notes to the financial statements.
224 :: Statements of Changes in Net Assets :: For the Periods Indicated
| | | Europe 30 ProFund | | Falling U.S. Dollar ProFund | | Financials UltraSector ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 58,776 | | | $ | 53,367 | | | $ | 40,262 | | | $ | 32,261 | | | $ | 122,805 | | | $ | 19,869 | | |
Net realized gains (losses) on investments | | | 340,004 | | | | 32,528 | | | | (76,452 | ) | | | 91,366 | | | | 3,226,990 | | | | 663,755 | | |
Change in net unrealized appreciation/depreciation
on investments | | | (89,178 | ) | | | 29,444 | | | | 26,499 | | | | (27,505 | ) | | | 3,096,113 | | | | (591,502 | ) | |
Change in net assets resulting from operations | | | 309,602 | | | | 115,339 | | | | (9,691 | ) | | | 96,122 | | | | 6,445,908 | | | | 92,122 | | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (54,806 | ) | | | (111,834 | ) | | | (33,375 | ) | | | — | | | | (30,422 | ) | | | — | | |
Service Class | | | (2,145 | ) | | | (8,782 | ) | | | (271 | ) | | | — | | | | — | | | | — | | |
Change in net assets resulting from distributions | | | (56,951 | ) | | | (120,616 | ) | | | (33,646 | ) | | | — | | | | (30,422 | ) | | | — | | |
Change in net assets resulting from capital transactions | | | (676,412 | ) | | | (83,715 | ) | | | (233,729 | ) | | | 575,280 | | | | 23,287,070 | | | | (1,075,341 | ) | |
Change in net assets | | | (423,761 | ) | | | (88,992 | ) | | | (277,066 | ) | | | 671,402 | | | | 29,702,556 | | | | (983,219 | ) | |
NET ASSETS: | |
Beginning of period | | | 4,637,919 | | | | 4,726,911 | | | | 1,424,507 | | | | 753,105 | | | | 4,763,019 | | | | 5,746,238 | | |
End of period | | $ | 4,214,158 | | | $ | 4,637,919 | | | $ | 1,147,441 | | | $ | 1,424,507 | | | $ | 34,465,575 | | | $ | 4,763,019 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 21,634,125 | | | $ | 19,978,867 | | | $ | 9,201,601 | | | $ | 12,202,303 | | | $ | 87,315,019 | | | $ | 14,312,440 | | |
Distributions reinvested | | | 54,727 | | | | 111,613 | | | | 33,055 | | | | — | | | | 29,843 | | | | — | | |
Value of shares redeemed | | | (22,591,851 | ) | | | (20,161,613 | ) | | | (9,474,661 | ) | | | (11,625,470 | ) | | | (64,257,906 | ) | | | (15,197,078 | ) | |
Service Class | |
Proceeds from shares issued | | | 2,668,913 | | | | 4,115,577 | | | | 614,084 | | | | 972,384 | | | | 6,095,578 | | | | 2,085,642 | | |
Distributions reinvested | | | 2,145 | | | | 8,782 | | | | 271 | | | | — | | | | — | | | | — | | |
Value of shares redeemed | | | (2,444,471 | ) | | | (4,136,941 | ) | | | (608,079 | ) | | | (973,937 | ) | | | (5,895,464 | ) | | | (2,276,345 | ) | |
Change in net assets resulting from capital transactions | | $ | (676,412 | ) | | $ | (83,715 | ) | | $ | (233,729 | ) | | $ | 575,280 | | | $ | 23,287,070 | | | $ | (1,075,341 | ) | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 1,445,275 | | | | 1,497,443 | | | | 659,596 | | | | 884,201 | | | | 2,761,025 | | | | 556,491 | | |
Reinvested | | | 3,499 | | | | 8,236 | | | | 2,333 | | | | — | | | | 987 | | | | — | | |
Redeemed | | | (1,532,452 | ) | | | (1,537,099 | ) | | | (679,045 | ) | | | (839,460 | ) | | | (2,009,044 | ) | | | (590,211 | ) | |
Service Class | |
Issued | | | 165,966 | | | | 291,279 | | | | 49,628 | | | | 78,701 | | | | 234,724 | | | | 101,414 | | |
Reinvested | | | 125 | | | | 629 | | | | 21 | | | | — | | | | — | | | | — | | |
Redeemed | | | (152,053 | ) | | | (291,573 | ) | | | (49,170 | ) | | | (78,736 | ) | | | (226,800 | ) | | | (110,768 | ) | |
Change in shares | | | (69,640 | ) | | | (31,085 | ) | | | (16,637 | ) | | | 44,706 | | | | 760,892 | | | | (43,074 | ) | |
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 :: 225
| | | Health Care UltraSector ProFund | | Industrials UltraSector ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 124,946 | | | $ | 69,262 | | | $ | 97,722 | | | $ | 15,872 | | |
Net realized gains (losses) on investments | | | 706,909 | | | | 838,850 | | | | 1,499,339 | | | | 587,709 | | |
Change in net unrealized appreciation/depreciation
on investments | | | 1,400,129 | | | | (1,790,847 | ) | | | 508,441 | | | | (107,874 | ) | |
Change in net assets resulting from operations | | | 2,231,984 | | | | (882,735 | ) | | | 2,105,502 | | | | 495,707 | | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (36,523 | ) | | | — | | | | — | | | | — | | |
Service Class | | | — | | | | — | | | | — | | | | — | | |
Change in net assets resulting from distributions | | | (36,523 | ) | | | — | | | | — | | | | — | | |
Change in net assets resulting from capital transactions | | | (1,574,675 | ) | | | (2,440,357 | ) | | | (4,556,469 | ) | | | 4,633,617 | | |
Change in net assets | | | 620,786 | | | | (3,323,092 | ) | | | (2,450,967 | ) | | | 5,129,324 | | |
NET ASSETS: | |
Beginning of period | | | 14,382,866 | | | | 17,705,958 | | | | 8,759,123 | | | | 3,629,799 | | |
End of period | | $ | 15,003,652 | | | $ | 14,382,866 | | | $ | 6,308,156 | | | $ | 8,759,123 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 36,303,065 | | | $ | 37,907,403 | | | $ | 78,972,664 | | | $ | 28,096,123 | | |
Distributions reinvested | | | 35,950 | | | | — | | | | — | | | | — | | |
Value of shares redeemed | | | (37,790,213 | ) | | | (40,458,679 | ) | | | (83,529,796 | ) | | | (23,402,007 | ) | |
Service Class | |
Proceeds from shares issued | | | 3,164,255 | | | | 3,430,839 | | | | 2,183,037 | | | | 1,252,418 | | |
Distributions reinvested | | | — | | | | — | | | | — | | | | — | | |
Value of shares redeemed | | | (3,287,732 | ) | | | (3,319,920 | ) | | | (2,182,374 | ) | | | (1,312,917 | ) | |
Change in net assets resulting from capital transactions | | $ | (1,574,675 | ) | | $ | (2,440,357 | ) | | $ | (4,556,469 | ) | | $ | 4,633,617 | | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 344,503 | | | | 386,406 | | | | 1,415,176 | | | | 598,622 | | |
Reinvested | | | 359 | | | | — | | | | — | | | | — | | |
Redeemed | | | (356,449 | ) | | | (419,179 | ) | | | (1,482,384 | ) | | | (508,248 | ) | |
Service Class | |
Issued | | | 37,949 | | | | 44,372 | | | | 44,574 | | | | 30,987 | | |
Reinvested | | | — | | | | — | | | | — | | | | — | | |
Redeemed | | | (39,602 | ) | | | (43,110 | ) | | | (44,571 | ) | | | (32,416 | ) | |
Change in shares | | | (13,240 | ) | | | (31,511 | ) | | | (67,205 | ) | | | 88,945 | | |
See accompanying notes to the financial statements.
226 :: Statements of Changes in Net Assets :: For the Periods Indicated
| | | Internet UltraSector ProFund | | Large-Cap Growth ProFund | | Large-Cap Value ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | (257,164 | ) | | $ | (370,573 | ) | | $ | (203,209 | ) | | $ | (74,528 | ) | | $ | 29,284 | | | $ | (4,967 | ) | |
Net realized gains (losses) on investments | | | 9,287,854 | | | | 8,027,085 | | | | 205,726 | | | | 2,230,334 | | | | 4,363,048 | | | | 1,707,051 | | |
Change in net unrealized appreciation/depreciation
on investments | | | 4,392,385 | | | | 8,976,495 | | | | 3,497,160 | | | | (1,294,463 | ) | | | (296,298 | ) | | | 189,469 | | |
Change in net assets resulting from operations | | | 13,423,075 | | | | 16,633,007 | | | | 3,499,677 | | | | 861,343 | | | | 4,096,034 | | | | 1,891,553 | | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | — | | | | — | | | | (239,315 | ) | | | (151,026 | ) | | | — | | | | (47,656 | ) | |
Service Class | | | — | | | | — | | | | (27,918 | ) | | | (31,903 | ) | | | — | | | | — | | |
Change in net assets resulting from distributions | | | — | | | | — | | | | (267,233 | ) | | | (182,929 | ) | | | — | | | | (47,656 | ) | |
Change in net assets resulting from capital transactions | | | (23,518,471 | ) | | | (8,833,339 | ) | | | 5,756,592 | | | | 1,074,727 | | | | (4,931,063 | ) | | | (13,813,415 | ) | |
Change in net assets | | | (10,095,396 | ) | | | 7,799,668 | | | | 8,989,036 | | | | 1,753,141 | | | | (835,029 | ) | | | (11,969,518 | ) | |
NET ASSETS: | |
Beginning of period | | | 88,204,117 | | | | 80,404,449 | | | | 14,035,301 | | | | 12,282,160 | | | | 8,010,002 | | | | 19,979,520 | | |
End of period | | $ | 78,108,721 | | | $ | 88,204,117 | | | $ | 23,024,337 | | | $ | 14,035,301 | | | $ | 7,174,973 | | | $ | 8,010,002 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 39,094,477 | | | $ | 44,714,414 | | | $ | 271,821,062 | | | $ | 35,701,426 | | | $ | 135,892,637 | | | $ | 80,497,999 | | |
Distributions reinvested | | | — | | | | — | | | | 238,789 | | | | 150,495 | | | | — | | | | 46,571 | | |
Value of shares redeemed | | | (60,862,273 | ) | | | (53,274,504 | ) | | | (266,884,414 | ) | | | (34,703,445 | ) | | | (140,335,163 | ) | | | (94,776,972 | ) | |
Service Class | |
Proceeds from shares issued | | | 13,580,095 | | | | 5,820,039 | | | | 1,513,602 | | | | 327,267 | | | | 4,008,033 | | | | 4,988,435 | | |
Distributions reinvested | | | — | | | | — | | | | 27,918 | | | | 31,903 | | | | — | | | | — | | |
Value of shares redeemed | | | (15,330,770 | ) | | | (6,093,288 | ) | | | (960,365 | ) | | | (432,919 | ) | | | (4,496,570 | ) | | | (4,569,448 | ) | |
Change in net assets resulting from capital transactions | | $ | (23,518,471 | ) | | $ | (8,833,339 | ) | | $ | 5,756,592 | | | $ | 1,074,727 | | | $ | (4,931,063 | ) | | $ | (13,813,415 | ) | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 990,846 | | | | 1,637,548 | | | | 1,911,702 | | | | 295,209 | | | | 1,411,090 | | | | 970,275 | | |
Reinvested | | | — | | | | — | | | | 1,771 | | | | 1,381 | | | | — | | | | 563 | | |
Redeemed | | | (1,536,241 | ) | | | (1,996,088 | ) | | | (1,881,646 | ) | | | (286,364 | ) | | | (1,424,568 | ) | | | (1,133,913 | ) | |
Service Class | |
Issued | | | 559,350 | | | | 319,329 | | | | 12,756 | | | | 3,699 | | | | 48,220 | | | | 68,049 | | |
Reinvested | | | — | | | | — | | | | 265 | | | | 370 | | | | — | | | | — | | |
Redeemed | | | (612,431 | ) | | | (337,545 | ) | | | (8,245 | ) | | | (4,866 | ) | | | (53,644 | ) | | | (61,781 | ) | |
Change in shares | | | (598,476 | ) | | | (376,756 | ) | | | 36,603 | | | | 9,429 | | | | (18,902 | ) | | | (156,807 | ) | |
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 :: 227
| | | Materials UltraSector ProFund | | Mid-Cap Growth ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 43,371 | | | $ | 34,620 | | | $ | (45,921 | ) | | $ | (41,386 | ) | |
Net realized gains (losses) on investments | | | 643,499 | | | | 327,262 | | | | 1,102,197 | | | | (445,615 | ) | |
Change in net unrealized appreciation/depreciation
on investments | | | (354,556 | ) | | | 167,008 | | | | (830,342 | ) | | | 1,380,273 | | |
Change in net assets resulting from operations | | | 332,314 | | | | 528,890 | | | | 225,934 | | | | 893,272 | | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (45,189 | ) | | | — | | | | — | | | | (85,347 | ) | |
Service Class | | | (344 | ) | | | — | | | | — | | | | (20,558 | ) | |
Change in net assets resulting from distributions | | | (45,533 | ) | | | — | | | | — | | | | (105,905 | ) | |
Change in net assets resulting from capital transactions | | | (4,411,175 | ) | | | 3,805,113 | | | | (23,508,025 | ) | | | 24,914,003 | | |
Change in net assets | | | (4,124,394 | ) | | | 4,334,003 | | | | (23,282,091 | ) | | | 25,701,370 | | |
NET ASSETS: | |
Beginning of period | | | 9,496,210 | | | | 5,162,207 | | | | 28,930,875 | | | | 3,229,505 | | |
End of period | | $ | 5,371,816 | | | $ | 9,496,210 | | | $ | 5,648,784 | | | $ | 28,930,875 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 20,510,930 | | | $ | 30,276,914 | | | $ | 47,512,087 | | | $ | 45,868,660 | | |
Distributions reinvested | | | 43,476 | | | | — | | | | — | | | | 83,860 | | |
Value of shares redeemed | | | (24,399,651 | ) | | | (26,820,172 | ) | | | (71,110,777 | ) | | | (21,048,163 | ) | |
Service Class | |
Proceeds from shares issued | | | 2,809,663 | | | | 3,728,009 | | | | 598,272 | | | | 48,823 | | |
Distributions reinvested | | | 344 | | | | — | | | | — | | | | 20,558 | | |
Value of shares redeemed | | | (3,375,937 | ) | | | (3,379,638 | ) | | | (507,607 | ) | | | (59,735 | ) | |
Change in net assets resulting from capital transactions | | $ | (4,411,175 | ) | | $ | 3,805,113 | | | $ | (23,508,025 | ) | | $ | 24,914,003 | | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 185,584 | | | | 302,095 | | | | 464,997 | | | | 519,415 | | |
Reinvested | | | 402 | | | | — | | | | — | | | | 1,037 | | |
Redeemed | | | (221,669 | ) | | | (274,517 | ) | | | (726,622 | ) | | | (243,830 | ) | |
Service Class | |
Issued | | | 30,114 | | | | 42,953 | | | | 7,836 | | | | 768 | | |
Reinvested | | | 4 | | | | — | | | | — | | | | 343 | | |
Redeemed | | | (36,535 | ) | | | (39,085 | ) | | | (6,765 | ) | | | (967 | ) | |
Change in shares | | | (42,100 | ) | | | 31,446 | | | | (260,554 | ) | | | 276,766 | | |
See accompanying notes to the financial statements.
228 :: Statements of Changes in Net Assets :: For the Periods Indicated
| | | Mid-Cap ProFund | | Mid-Cap Value ProFund | | Nasdaq-100 ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 52,436 | | | $ | 8,955 | | | $ | (3,380 | ) | | $ | (3,303 | ) | | $ | 1,914,666 | | | $ | 1,245,650 | | |
Net realized gains (losses) on investments | | | 397,317 | | | | (1,301,955 | ) | | | 253,711 | | | | 644,259 | | | | 9,587,573 | | | | 12,751,441 | | |
Change in net unrealized appreciation/depreciation
on investments | | | 624,958 | | | | 277,519 | | | | (107,762 | ) | | | (1,178,205 | ) | | | 13,881,391 | | | | 2,784,929 | | |
Change in net assets resulting from operations | | | 1,074,711 | | | | (1,015,481 | ) | | | 142,569 | | | | (537,249 | ) | | | 25,383,630 | | | | 16,782,020 | | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (177 | ) | | | — | | | | — | | | | — | | | | — | | | | — | | |
Change in net assets resulting from distributions | | | (177 | ) | | | — | | | | — | | | | — | | | | — | | | | — | | |
Change in net assets resulting from capital transactions | | | 5,087,602 | | | | 1,471,388 | | | | 1,507,799 | | | | (18,924,746 | ) | | | (22,846,093 | ) | | | 61,497,727 | | |
Change in net assets | | | 6,162,136 | | | | 455,907 | | | | 1,650,368 | | | | (19,461,995 | ) | | | 2,537,537 | | | | 78,279,747 | | |
NET ASSETS: | |
Beginning of period | | | 4,356,196 | | | | 3,900,289 | | | | 2,898,287 | | | | 22,360,282 | | | | 133,625,733 | | | | 55,345,986 | | |
End of period | | $ | 10,518,332 | | | $ | 4,356,196 | | | $ | 4,548,655 | | | $ | 2,898,287 | | | $ | 136,163,270 | | | $ | 133,625,733 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 25,597,528 | | | $ | 36,353,220 | | | $ | 7,385,684 | | | $ | 45,206,960 | | | $ | 1,519,611,327 | | | $ | 2,576,146,235 | | |
Distributions reinvested | | | 175 | | | | — | | | | — | | | | — | | | | — | | | | — | | |
Value of shares redeemed | | | (24,438,029 | ) | | | (35,056,358 | ) | | | (5,800,971 | ) | | | (64,051,384 | ) | | | (1,542,705,547 | ) | | | (2,514,192,471 | ) | |
Service Class | |
Proceeds from shares issued | | | 35,656,529 | | | | 27,742,194 | | | | 298,921 | | | | 2,819,408 | | | | 50,384,974 | | | | 73,043,465 | | |
Value of shares redeemed | | | (31,728,601 | ) | | | (27,567,668 | ) | | | (375,835 | ) | | | (2,899,730 | ) | | | (50,136,847 | ) | | | (73,499,502 | ) | |
Change in net assets resulting from capital transactions | | $ | 5,087,602 | | | $ | 1,471,388 | | | $ | 1,507,799 | | | $ | (18,924,746 | ) | | $ | (22,846,093 | ) | | $ | 61,497,727 | | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 230,247 | | | | 355,582 | | | | 70,139 | | | | 474,078 | | | | 10,451,370 | | | | 23,487,808 | | |
Reinvested | | | 2 | | | | — | | | | — | | | | — | | | | — | | | | — | | |
Redeemed | | | (216,092 | ) | | | (353,645 | ) | | | (56,985 | ) | | | (684,310 | ) | | | (10,609,101 | ) | | | (22,996,111 | ) | |
Service Class | |
Issued | | | 397,908 | | | | 344,814 | | | | 4,317 | | | | 37,858 | | | | 462,245 | | | | 901,335 | | |
Redeemed | | | (358,323 | ) | | | (345,637 | ) | | | (5,286 | ) | | | (39,012 | ) | | | (458,160 | ) | | | (904,033 | ) | |
Change in shares | | | 53,742 | | | | 1,114 | | | | 12,185 | | | | (211,386 | ) | | | (153,646 | ) | | | 488,999 | | |
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 :: 229
| | | Oil & Gas Equipment & Services
UltraSector ProFund | | Pharmaceuticals UltraSector ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 39,959 | | | $ | (12,468 | ) | | $ | 24,177 | | | $ | 25,894 | | |
Net realized gains (losses) on investments | | | (177,750 | ) | | | 8,217,119 | | | | (214,181 | ) | | | (1,124,404 | ) | |
Change in net unrealized appreciation/depreciation
on investments | | | (470,481 | ) | | | 1,282,902 | | | | (66,889 | ) | | | 80,962 | | |
Change in net assets resulting from operations | | | (608,272 | ) | | | 9,487,553 | | | | (256,893 | ) | | | (1,017,548 | ) | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | — | | | | — | | | | (14,006 | ) | | | — | | |
Change in net assets resulting from distributions | | | — | | | | — | | | | (14,006 | ) | | | — | | |
Change in net assets resulting from capital transactions | | | (2,747,086 | ) | | | (5,824,075 | ) | | | (633,771 | ) | | | 811,535 | | |
Change in net assets | | | (3,355,358 | ) | | | 3,663,478 | | | | (904,670 | ) | | | (206,013 | ) | |
NET ASSETS: | |
Beginning of period | | | 17,930,302 | | | | 14,266,824 | | | | 3,910,875 | | | | 4,116,888 | | |
End of period | | $ | 14,574,944 | | | $ | 17,930,302 | | | $ | 3,006,205 | | | $ | 3,910,875 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 72,229,101 | | | $ | 85,095,944 | | | $ | 14,384,789 | | | $ | 23,227,458 | | |
Distributions reinvested | | | — | | | | — | | | | 13,775 | | | | — | | |
Value of shares redeemed | | | (72,310,947 | ) | | | (89,791,232 | ) | | | (14,820,908 | ) | | | (22,618,856 | ) | |
Service Class | |
Proceeds from shares issued | | | 27,246,109 | | | | 31,825,801 | | | | 7,113,188 | | | | 4,269,354 | | |
Value of shares redeemed | | | (29,911,349 | ) | | | (32,954,588 | ) | | | (7,324,615 | ) | | | (4,066,421 | ) | |
Change in net assets resulting from capital transactions | | $ | (2,747,086 | ) | | $ | (5,824,075 | ) | | $ | (633,771 | ) | | $ | 811,535 | | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 653,551 | | | | 924,619 | | | | 596,747 | | | | 873,238 | | |
Reinvested | | | — | | | | — | | | | 555 | | | | — | | |
Redeemed | | | (655,835 | ) | | | (974,639 | ) | | | (616,590 | ) | | | (878,398 | ) | |
Service Class | |
Issued | | | 279,481 | | | | 406,886 | | | | 356,305 | | | | 199,269 | | |
Redeemed | | | (308,278 | ) | | | (395,507 | ) | | | (365,613 | ) | | | (190,758 | ) | |
Change in shares | | | (31,081 | ) | | | (38,641 | ) | | | (28,596 | ) | | | 3,351 | | |
See accompanying notes to the financial statements.
230 :: Statements of Changes in Net Assets :: For the Periods Indicated
| | | Precious Metals
UltraSector ProFund | | Real Estate UltraSector ProFund | | Rising Rates Opportunity ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 236,901 | | | $ | 230,491 | | | $ | 68,036 | | | $ | 8,043 | | | $ | 545,424 | | | $ | 482,853 | | |
Net realized gains (losses) on investments | | | 1,458,721 | | | | 2,340,816 | | | | (24,920 | ) | | | (74,672 | ) | | | (875,171 | ) | | | 6,274,162 | | |
Change in net unrealized appreciation/depreciation
on investments | | | 4,422,279 | | | | 1,067,248 | | | | 358,384 | | | | (1,351,434 | ) | | | (422,094 | ) | | | 725,454 | | |
Change in net assets resulting from operations | | | 6,117,901 | | | | 3,638,555 | | | | 401,500 | | | | (1,418,063 | ) | | | (751,841 | ) | | | 7,482,469 | | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (297,411 | ) | | | (654 | ) | | | (79,688 | ) | | | (193,738 | ) | | | (515,586 | ) | | | — | | |
Service Class | | | (7,693 | ) | | | — | | | | (2,941 | ) | | | (9,906 | ) | | | — | | | | — | | |
Change in net assets resulting from distributions | | | (305,104 | ) | | | (654 | ) | | | (82,629 | ) | | | (203,644 | ) | | | (515,586 | ) | | | — | | |
Change in net assets resulting from capital transactions | | | (3,529,155 | ) | | | 3,373,886 | | | | 166,918 | | | | (790,800 | ) | | | (2,568,976 | ) | | | (40,664,372 | ) | |
Change in net assets | | | 2,283,642 | | | | 7,011,787 | | | | 485,789 | | | | (2,412,507 | ) | | | (3,836,403 | ) | | | (33,181,903 | ) | |
NET ASSETS: | |
Beginning of period | | | 26,747,749 | | | | 19,735,962 | | | | 4,914,654 | | | | 7,327,161 | | | | 12,865,081 | | | | 46,046,984 | | |
End of period | | $ | 29,031,391 | | | $ | 26,747,749 | | | $ | 5,400,443 | | | $ | 4,914,654 | | | $ | 9,028,678 | | | $ | 12,865,081 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 162,759,440 | | | $ | 183,608,886 | | | $ | 19,424,416 | | | $ | 17,448,506 | | | $ | 157,147,437 | | | $ | 189,120,426 | | |
Distributions reinvested | | | 290,474 | | | | 647 | | | | 76,164 | | | | 183,427 | | | | 502,557 | | | | — | | |
Value of shares redeemed | | | (167,351,022 | ) | | | (179,856,354 | ) | | | (19,342,309 | ) | | | (18,265,142 | ) | | | (158,810,378 | ) | | | (229,906,215 | ) | |
Service Class | |
Proceeds from shares issued | | | 10,685,878 | | | | 9,186,016 | | | | 5,439,679 | | | | 1,177,207 | | | | 40,893,469 | | | | 19,337,759 | | |
Distributions reinvested | | | 7,692 | | | | — | | | | 2,941 | | | | 9,906 | | | | — | | | | — | | |
Value of shares redeemed | | | (9,921,617 | ) | | | (9,565,309 | ) | | | (5,433,973 | ) | | | (1,344,704 | ) | | | (42,302,061 | ) | | | (19,216,342 | ) | |
Change in net assets resulting from capital transactions | | $ | (3,529,155 | ) | | $ | 3,373,886 | | | $ | 166,918 | | | $ | (790,800 | ) | | $ | (2,568,976 | ) | | $ | (40,664,372 | ) | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 3,830,798 | | | | 4,171,036 | | | | 508,624 | | | | 436,394 | | | | 3,660,609 | | | | 5,181,734 | | |
Reinvested | | | 6,488 | | | | 14 | | | | 1,942 | | | | 4,934 | | | | 13,553 | | | | — | | |
Redeemed | | | (3,917,312 | ) | | | (4,084,196 | ) | | | (510,436 | ) | | | (456,026 | ) | | | (3,744,022 | ) | | | (6,319,587 | ) | |
Service Class | |
Issued | | | 293,242 | | | | 235,514 | | | | 162,185 | | | | 31,073 | | | | 1,119,715 | | | | 597,764 | | |
Reinvested | | | 206 | | | | — | | | | 77 | | | | 287 | | | | — | | | | — | | |
Redeemed | | | (272,269 | ) | | | (245,827 | ) | | | (161,409 | ) | | | (34,999 | ) | | | (1,163,045 | ) | | | (593,090 | ) | |
Change in shares | | | (58,847 | ) | | | 76,541 | | | | 983 | | | | (18,337 | ) | | | (113,190 | ) | | | (1,133,179 | ) | |
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 :: 231
| | | Rising Rates Opportunity 10 ProFund | | Rising U.S. Dollar ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 73,333 | | | $ | 87,207 | | | $ | 321,820 | | | $ | 390,593 | | |
Net realized gains (losses) on investments | | | 53,571 | | | | 93,083 | | | | 413,744 | | | | (1,865,719 | ) | |
Change in net unrealized appreciation/depreciation
on investments | | | (53,972 | ) | | | 149,840 | | | | (168,040 | ) | | | 684,217 | | |
Change in net assets resulting from operations | | | 72,932 | | | | 330,130 | | | | 567,524 | | | | (790,909 | ) | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (77,619 | ) | | | — | | | | (420,636 | ) | | | (605,829 | ) | |
Service Class | | | (4,774 | ) | | | — | | | | (2,359 | ) | | | (2,557 | ) | |
Change in net assets resulting from distributions | | | (82,393 | ) | | | — | | | | (422,995 | ) | | | (608,386 | ) | |
Change in net assets resulting from capital transactions | | | (586,045 | ) | | | (1,462,136 | ) | | | 502,059 | | | | (36,282,913 | ) | |
Change in net assets | | | (595,506 | ) | | | (1,132,006 | ) | | | 646,588 | | | | (37,682,208 | ) | |
NET ASSETS: | |
Beginning of period | | | 2,562,588 | | | | 3,694,594 | | | | 9,194,668 | | | | 46,876,876 | | |
End of period | | $ | 1,967,082 | | | $ | 2,562,588 | | | $ | 9,841,256 | | | $ | 9,194,668 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 7,579,723 | | | $ | 22,202,362 | | | $ | 44,617,839 | | | $ | 33,062,418 | | |
Distributions reinvested | | | 77,240 | | | | — | | | | 411,698 | | | | 601,997 | | |
Value of shares redeemed | | | (7,855,709 | ) | | | (23,333,719 | ) | | | (44,478,693 | ) | | | (69,871,693 | ) | |
Service Class | |
Proceeds from shares issued | | | 1,366,860 | | | | 1,021,285 | | | | 1,232,697 | | | | 3,111,743 | | |
Distributions reinvested | | | 4,774 | | | | — | | | | 1,956 | | | | 2,519 | | |
Value of shares redeemed | | | (1,758,933 | ) | | | (1,352,064 | ) | | | (1,283,438 | ) | | | (3,189,897 | ) | |
Change in net assets resulting from capital transactions | | $ | (586,045 | ) | | $ | (1,462,136 | ) | | $ | 502,059 | | | $ | (36,282,913 | ) | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 489,595 | | | | 1,507,923 | | | | 1,459,375 | | | | 1,063,636 | | |
Reinvested | | | 5,368 | | | | — | | | | 14,285 | | | | 20,297 | | |
Redeemed | | | (506,413 | ) | | | (1,592,351 | ) | | | (1,456,874 | ) | | | (2,302,444 | ) | |
Service Class | |
Issued | | | 96,688 | | | | 78,232 | | | | 47,581 | | | | 115,941 | | |
Reinvested | | | 358 | | | | — | | | | 79 | | | | 99 | | |
Redeemed | | | (125,530 | ) | | | (101,980 | ) | | | (49,548 | ) | | | (119,091 | ) | |
Change in shares | | | (39,934 | ) | | | (108,176 | ) | | | 14,898 | | | | (1,221,562 | ) | |
See accompanying notes to the financial statements.
232 :: Statements of Changes in Net Assets :: For the Periods Indicated
| | | Semiconductor
UltraSector ProFund | | Short Energy ProFund | | Short Nasdaq-100 ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 249,970 | | | $ | 289,642 | | | $ | 21,371 | | | $ | 33,223 | | | $ | 200,800 | | | $ | 314,995 | | |
Net realized gains (losses) on investments | | | 122,373,293 | | | | 28,154,950 | | | | (52,978 | ) | | | (270,933 | ) | | | 176,557 | | | | (5,099,838 | ) | |
Change in net unrealized appreciation/depreciation
on investments | | | 63,396,040 | | | | 24,154,994 | | | | 322 | | | | 179,605 | | | | 83,668 | | | | 2,166,440 | | |
Change in net assets resulting from operations | | | 186,019,303 | | | | 52,599,586 | | | | (31,285 | ) | | | (58,105 | ) | | | 461,025 | | | | (2,618,403 | ) | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | — | | | | — | | | | (30,431 | ) | | | — | | | | (149,475 | ) | | | — | | |
Service Class | | | — | | | | — | | | | (918 | ) | | | — | | | | (8,916 | ) | | | — | | |
Change in net assets resulting from distributions | | | — | | | | — | | | | (31,349 | ) | | | — | | | | (158,391 | ) | | | — | | |
Change in net assets resulting from capital transactions | | | 75,214,506 | | | | 13,001,321 | | | | (73,371 | ) | | | (1,452,178 | ) | | | (1,474,400 | ) | | | (74,282,980 | ) | |
Change in net assets | | | 261,233,809 | | | | 65,600,907 | | | | (136,005 | ) | | | (1,510,283 | ) | | | (1,171,766 | ) | | | (76,901,383 | ) | |
NET ASSETS: | |
Beginning of period | | | 134,167,304 | | | | 68,566,397 | | | | 636,864 | | | | 2,147,147 | | | | 3,136,127 | | | | 80,037,510 | | |
End of period | | $ | 395,401,113 | | | $ | 134,167,304 | | | $ | 500,859 | | | $ | 636,864 | | | $ | 1,964,361 | | | $ | 3,136,127 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 786,768,751 | | | $ | 269,719,560 | | | $ | 13,392,384 | | | $ | 31,792,424 | | | $ | 431,590,545 | | | $ | 1,304,698,470 | | |
Distributions reinvested | | | — | | | | — | | | | 26,685 | | | | — | | | | 148,574 | | | | — | | |
Value of shares redeemed | | | (714,249,961 | ) | | | (256,485,675 | ) | | | (13,512,123 | ) | | | (33,243,121 | ) | | | (433,273,342 | ) | | | (1,378,822,752 | ) | |
Service Class | |
Proceeds from shares issued | | | 40,220,711 | | | | 8,581,630 | | | | 1,640,256 | | | | 1,179,424 | | | | 1,246,226 | | | | 6,510,218 | | |
Distributions reinvested | | | — | | | | — | | | | 918 | | | | — | | | | 8,916 | | | | — | | |
Value of shares redeemed | | | (37,524,995 | ) | | | (8,814,194 | ) | | | (1,621,491 | ) | | | (1,180,905 | ) | | | (1,195,319 | ) | | | (6,668,916 | ) | |
Change in net assets resulting from capital transactions | | $ | 75,214,506 | | | $ | 13,001,321 | | | $ | (73,371 | ) | | $ | (1,452,178 | ) | | $ | (1,474,400 | ) | | $ | (74,282,980 | ) | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 3,393,692 | | | | 2,687,451 | | | | 913,813 | | | | 1,992,146 | | | | 7,608,010 | | | | 16,702,331 | (a) | |
Reinvested | | | — | | | | — | | | | 1,778 | | | | — | | | | 2,745 | | | | — | | |
Redeemed | | | (3,083,113 | ) | | | (2,583,300 | ) | | | (922,951 | ) | | | (2,071,168 | ) | | | (7,622,973 | ) | | | (17,729,973 | )(a) | |
Service Class | |
Issued | | | 230,982 | | | | 117,274 | | | | 123,220 | | | | 80,808 | | | | 25,828 | | | | 94,912 | (a) | |
Reinvested | | | — | | | | — | | | | 67 | | | | — | | | | 189 | | | | — | | |
Redeemed | | | (218,799 | ) | | | (122,508 | ) | | | (122,071 | ) | | | (81,448 | ) | | | (24,999 | ) | | | (97,011 | )(a) | |
Change in shares | | | 322,762 | | | | 98,917 | | | | (6,144 | ) | | | (79,662 | ) | | | (11,200 | ) | | | (1,029,741 | ) | |
(a) As described in Note 9, share amounts have been adjusted for 1:5 reverse share split that occurred on March 13, 2023.
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 :: 233
| | | Short Precious Metals ProFund | | Short Real Estate ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 139,088 | | | $ | 97,759 | | | $ | 71,334 | | | $ | 41,721 | | |
Net realized gains (losses) on investments | | | (497,791 | ) | | | (1,218,536 | ) | | | (198,868 | ) | | | (116,640 | ) | |
Change in net unrealized appreciation/depreciation
on investments | | | 159,956 | | | | 183,268 | | | | (45,400 | ) | | | 138,411 | | |
Change in net assets resulting from operations | | | (198,747 | ) | | | (937,509 | ) | | | (172,934 | ) | | | 63,492 | | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (100,288 | ) | | | — | | | | (55,021 | ) | | | — | | |
Service Class | | | (2,108 | ) | | | — | | | | (1,514 | ) | | | — | | |
Change in net assets resulting from distributions | | | (102,396 | ) | | | — | | | | (56,535 | ) | | | — | | |
Change in net assets resulting from capital transactions | | | (1,544,662 | ) | | | 2,103,568 | | | | (540,457 | ) | | | (23,671 | ) | |
Change in net assets | | | (1,845,805 | ) | | | 1,166,059 | | | | (769,926 | ) | | | 39,821 | | |
NET ASSETS: | |
Beginning of period | | | 3,254,985 | | | | 2,088,926 | | | | 1,929,002 | | | | 1,889,181 | | |
End of period | | $ | 1,409,180 | | | $ | 3,254,985 | | | $ | 1,159,076 | | | $ | 1,929,002 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 62,455,790 | | | $ | 104,413,738 | | | $ | 17,980,136 | | | $ | 22,506,456 | | |
Distributions reinvested | | | 54,168 | | | | — | | | | 54,938 | | | | — | | |
Value of shares redeemed | | | (64,051,588 | ) | | | (102,323,769 | ) | | | (18,468,870 | ) | | | (22,632,591 | ) | |
Service Class | |
Proceeds from shares issued | | | 1,463,567 | | | | 927,020 | | | | 982,000 | | | | 371,780 | | |
Distributions reinvested | | | 2,108 | | | | — | | | | 1,514 | | | | — | | |
Value of shares redeemed | | | (1,468,707 | ) | | | (913,421 | ) | | | (1,090,175 | ) | | | (269,316 | ) | |
Change in net assets resulting from capital transactions | | $ | (1,544,662 | ) | | $ | 2,103,568 | | | $ | (540,457 | ) | | $ | (23,671 | ) | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 5,057,436 | | | | 6,741,464 | | | | 1,908,836 | | | | 2,426,080 | | |
Reinvested | | | 4,594 | | | | — | | | | 6,595 | | | | — | | |
Redeemed | | | (5,147,199 | ) | | | (6,629,693 | ) | | | (1,976,057 | ) | | | (2,458,798 | ) | |
Service Class | |
Issued | | | 117,143 | | | | 63,157 | | | | 124,335 | | | | 46,344 | | |
Reinvested | | | 184 | | | | — | | | | 211 | | | | — | | |
Redeemed | | | (117,882 | ) | | | (62,713 | ) | | | (137,931 | ) | | | (34,086 | ) | |
Change in shares | | | (85,724 | ) | | | 112,215 | | | | (74,011 | ) | | | (20,460 | ) | |
See accompanying notes to the financial statements.
234 :: Statements of Changes in Net Assets :: For the Periods Indicated
| | | Short Small-Cap ProFund | | Small-Cap Growth ProFund | | Small-Cap ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 240,567 | | | $ | 127,758 | | | $ | (28,527 | ) | | $ | (27,806 | ) | | $ | 60,039 | | | $ | 21,501 | | |
Net realized gains (losses) on investments | | | (2,264,400 | ) | | | 55,114 | | | | 652,119 | | | | 604,404 | | | | 685,747 | | | | 42,768 | | |
Change in net unrealized appreciation/depreciation
on investments | | | 37,927 | | | | 5,267 | | | | 99,141 | | | | (422,942 | ) | | | 309,801 | | | | 117,373 | | |
Change in net assets resulting from operations | | | (1,985,906 | ) | | | 188,139 | | | | 722,733 | | | | 153,656 | | | | 1,055,587 | | | | 181,642 | | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (198,606 | ) | | | — | | | | (29,959 | ) | | | (132,621 | ) | | | — | | | | — | | |
Service Class | | | (7,648 | ) | | | — | | | | (5,307 | ) | | | (20,965 | ) | | | — | | | | — | | |
Change in net assets resulting from distributions | | | (206,254 | ) | | | — | | | | (35,266 | ) | | | (153,586 | ) | | | — | | | | — | | |
Change in net assets resulting from capital transactions | | | 1,065,934 | | | | 12,419 | | | | 1,781,474 | | | | (6,519,187 | ) | | | (1,747,821 | ) | | | 2,590,205 | | |
Change in net assets | | | (1,126,226 | ) | | | 200,558 | | | | 2,468,941 | | | | (6,519,117 | ) | | | (692,234 | ) | | | 2,771,847 | | |
NET ASSETS: | |
Beginning of period | | | 1,774,443 | | | | 1,573,885 | | | | 4,302,384 | | | | 10,821,501 | | | | 5,718,695 | | | | 2,946,848 | | |
End of period | | $ | 648,217 | | | $ | 1,774,443 | | | $ | 6,771,325 | | | $ | 4,302,384 | | | $ | 5,026,461 | | | $ | 5,718,695 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 315,394,451 | | | $ | 116,826,162 | | | $ | 10,884,120 | | | $ | 10,808,628 | | | $ | 197,869,923 | | | $ | 166,422,618 | | |
Distributions reinvested | | | 198,338 | | | | — | | | | 29,845 | | | | 130,088 | | | | — | | | | — | | |
Value of shares redeemed | | | (314,528,735 | ) | | | (116,699,787 | ) | | | (9,547,680 | ) | | | (16,794,406 | ) | | | (199,996,477 | ) | | | (163,848,115 | ) | |
Service Class | |
Proceeds from shares issued | | | 721,182 | | | | 170,451 | | | | 1,130,782 | | | | 35,505 | | | | 772,112 | | | | 38,684 | | |
Distributions reinvested | | | 7,648 | | | | — | | | | 5,307 | | | | 20,965 | | | | — | | | | — | | |
Value of shares redeemed | | | (726,950 | ) | | | (284,407 | ) | | | (720,900 | ) | | | (719,967 | ) | | | (393,379 | ) | | | (22,982 | ) | |
Change in net assets resulting from capital transactions | | $ | 1,065,934 | | | $ | 12,419 | | | $ | 1,781,474 | | | $ | (6,519,187 | ) | | $ | (1,747,821 | ) | | $ | 2,590,205 | | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 9,872,026 | | | | 3,078,988 | (a) | | | 101,943 | | | | 112,995 | | | | 1,981,267 | | | | 1,756,604 | | |
Reinvested | | | 6,861 | | | | — | | | | 293 | | | | 1,438 | | | | — | | | | — | | |
Redeemed | | | (9,905,757 | ) | | | (3,067,009 | )(a) | | | (90,439 | ) | | | (170,228 | ) | | | (1,996,357 | ) | | | (1,731,520 | ) | |
Service Class | |
Issued | | | 24,654 | | | | 4,711 | (a) | | | 14,238 | | | | 483 | | | | 8,807 | | | | 477 | | |
Reinvested | | | 286 | | | | — | | | | 69 | | | | 304 | | | | — | | | | — | | |
Redeemed | | | (25,184 | ) | | | (7,901 | )(a) | | | (9,231 | ) | | | (10,027 | ) | | | (4,737 | ) | | | (308 | ) | |
Change in shares | | | (27,114 | ) | | | 8,789 | | | | 16,873 | | | | (65,035 | ) | | | (11,020 | ) | | | 25,253 | | |
(a) As described in Note 9, share amounts have been adjusted for 1:5 reverse share split that occurred on March 6, 2023.
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 :: 235
| | | Small-Cap Value ProFund | | Technology UltraSector ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 7,395 | | | $ | (31,388 | ) | | $ | 174,245 | | | $ | 12,235 | | |
Net realized gains (losses) on investments | | | (878,095 | ) | | | 656,989 | | | | 20,963,393 | | | | 16,565,988 | | |
Change in net unrealized appreciation/depreciation
on investments | | | 366,221 | | | | (1,361,604 | ) | | | 338,776 | | | | (2,070,478 | ) | |
Change in net assets resulting from operations | | | (504,479 | ) | | | (736,003 | ) | | | 21,476,414 | | | | 14,507,745 | | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | — | | | | (192,356 | ) | | | (319,590 | ) | | | — | | |
Service Class | | | — | | | | (12,798 | ) | | | (26,930 | ) | | | — | | |
Change in net assets resulting from distributions | | | — | | | | (205,154 | ) | | | (346,520 | ) | | | — | | |
Change in net assets resulting from capital transactions | | | 49,444,160 | | | | (5,005,457 | ) | | | (10,078,021 | ) | | | 17,657,512 | | |
Change in net assets | | | 48,939,681 | | | | (5,946,614 | ) | | | 11,051,873 | | | | 32,165,257 | | |
NET ASSETS: | |
Beginning of period | | | 3,285,006 | | | | 9,231,620 | | | | 79,745,723 | | | | 47,580,466 | | |
End of period | | $ | 52,224,687 | | | $ | 3,285,006 | | | $ | 90,797,596 | | | $ | 79,745,723 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 107,822,405 | | | $ | 38,535,477 | | | $ | 139,691,194 | | | $ | 84,883,260 | | |
Distributions reinvested | | | — | | | | 183,015 | | | | 316,303 | | | | — | | |
Value of shares redeemed | | | (58,608,027 | ) | | | (43,500,739 | ) | | | (147,469,641 | ) | | | (67,016,903 | ) | |
Service Class | |
Proceeds from shares issued | | | 1,186,971 | | | | 2,320,501 | | | | 41,900,554 | | | | 52,896,660 | | |
Distributions reinvested | | | — | | | | 12,798 | | | | 26,929 | | | | — | | |
Value of shares redeemed | | | (957,189 | ) | | | (2,556,509 | ) | | | (44,543,360 | ) | | | (53,105,505 | ) | |
Change in net assets resulting from capital transactions | | $ | 49,444,160 | | | $ | (5,005,457 | ) | | $ | (10,078,021 | ) | | $ | 17,657,512 | | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 1,017,833 | | | | 389,608 | | | | 1,073,941 | | | | 937,089 | | |
Reinvested | | | — | | | | 1,991 | | | | 2,523 | | | | — | | |
Redeemed | | | (581,046 | ) | | | (448,627 | ) | | | (1,145,518 | ) | | | (782,096 | ) | |
Service Class | |
Issued | | | 14,423 | | | | 29,770 | | | | 403,759 | | | | 798,404 | | |
Reinvested | | | — | | | | 175 | | | | 274 | | | | — | | |
Redeemed | | | (11,583 | ) | | | (33,371 | ) | | | (418,175 | ) | | | (793,064 | ) | |
Change in shares | | | 439,627 | | | | (60,454 | ) | | | (83,196 | ) | | | 160,333 | | |
See accompanying notes to the financial statements.
236 :: Statements of Changes in Net Assets :: For the Periods Indicated
| | | UltraBear ProFund | | UltraBull ProFund | | UltraChina ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 324,117 | | | $ | 343,854 | | | $ | 1,229,230 | | | $ | 647,314 | | | $ | 164,791 | | | $ | (128,661 | ) | |
Net realized gains (losses) on investments | | | (2,574,371 | ) | | | (3,886,511 | ) | | | 26,382,999 | | | | 5,751,145 | | | | (7,346,495 | ) | | | (5,365,634 | ) | |
Change in net unrealized appreciation/depreciation
on investments | | | 122,461 | | | | 340,429 | | | | 13,183,329 | | | | 6,920,899 | | | | (3,633,599 | ) | | | 5,743,696 | | |
Change in net assets resulting from operations | | | (2,127,793 | ) | | | (3,202,228 | ) | | | 40,795,558 | | | | 13,319,358 | | | | (10,815,303 | ) | | | 249,401 | | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (411,236 | ) | | | — | | | | (960,834 | ) | | | (8,950,394 | ) | | | (870,345 | ) | | | — | | |
Service Class | | | (5,504 | ) | | | — | | | | (2,188 | ) | | | (218,038 | ) | | | (16,214 | ) | | | — | | |
Change in net assets resulting from distributions | | | (416,740 | ) | | | — | | | | (963,022 | ) | | | (9,168,432 | ) | | | (886,559 | ) | | | — | | |
Change in net assets resulting from capital transactions | | | (774,161 | ) | | | 1,478,339 | | | | (12,607,413 | ) | | | 10,165,865 | | | | 3,834,181 | | | | 8,947,011 | | |
Change in net assets | | | (3,318,694 | ) | | | (1,723,889 | ) | | | 27,225,123 | | | | 14,316,791 | | | | (7,867,681 | ) | | | 9,196,412 | | |
NET ASSETS: | |
Beginning of period | | | 9,476,378 | | | | 11,200,267 | | | | 118,066,530 | | | | 103,749,739 | | | | 25,335,925 | | | | 16,139,513 | | |
End of period | | $ | 6,157,684 | | | $ | 9,476,378 | | | $ | 145,291,653 | | | $ | 118,066,530 | | | $ | 17,468,244 | | | $ | 25,335,925 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 193,827,826 | | | $ | 243,142,863 | | | $ | 629,114,287 | | | $ | 407,848,658 | | | $ | 140,324,457 | | | $ | 136,341,718 | | |
Distributions reinvested | | | 400,742 | | | | — | | | | 936,063 | | | | 8,675,427 | | | | 854,732 | | | | — | | |
Value of shares redeemed | | | (195,098,772 | ) | | | (241,579,278 | ) | | | (640,193,413 | ) | | | (407,894,452 | ) | | | (136,972,330 | ) | | | (128,805,443 | ) | |
Service Class | |
Proceeds from shares issued | | | 1,169,545 | | | | 10,550,856 | | | | 37,080,304 | | | | 7,997,365 | | | | 6,088,833 | | | | 16,491,379 | | |
Distributions reinvested | | | 5,503 | | | | — | | | | 2,188 | | | | 218,038 | | | | 16,214 | | | | — | | |
Value of shares redeemed | | | (1,079,005 | ) | | | (10,636,102 | ) | | | (39,546,842 | ) | | | (6,679,171 | ) | | | (6,477,725 | ) | | | (15,080,643 | ) | |
Change in net assets resulting from capital transactions | | $ | (774,161 | ) | | $ | 1,478,339 | | | $ | (12,607,413 | ) | | $ | 10,165,865 | | | $ | 3,834,181 | | | $ | 8,947,011 | | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 13,517,514 | | | | 11,742,269 | | | | 6,454,445 | | | | 5,167,401 | | | | 5,981,884 | | | | 4,651,574 | (a) | |
Reinvested | | | 30,746 | | | | — | | | | 7,337 | | | | 128,007 | | | | 33,757 | | | | — | | |
Redeemed | | | (13,597,283 | ) | | | (11,702,119 | ) | | | (6,553,080 | ) | | | (5,211,542 | ) | | | (5,815,368 | ) | | | (4,423,833 | )(a) | |
Service Class | |
Issued | | | 91,245 | | | | 523,258 | | | | 496,469 | | | | 131,892 | | | | 304,409 | | | | 649,371 | (a) | |
Reinvested | | | 487 | | | | — | | | | 23 | | | | 4,293 | | | | 739 | | | | — | | |
Redeemed | | | (85,125 | ) | | | (522,233 | ) | | | (525,416 | ) | | | (111,851 | ) | | | (322,138 | ) | | | (636,516 | )(a) | |
Change in shares | | | (42,416 | ) | | | 41,175 | | | | (120,222 | ) | | | 108,200 | | | | 183,283 | | | | 240,596 | | |
(a) As described in Note 9, share amounts have been adjusted for 1:10 reverse share split that occurred on March 6, 2023.
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 :: 237
| | | UltraDow 30 ProFund | | UltraEmerging Markets ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 380,209 | | | $ | 272,041 | | | $ | 115,734 | | | $ | 139,472 | | |
Net realized gains (losses) on investments | | | 4,692,310 | | | | 1,716,512 | | | | 494,172 | | | | 939,712 | | |
Change in net unrealized appreciation/depreciation
on investments | | | 3,232,079 | | | | 1,845,405 | | | | (600,774 | ) | | | 1,190,486 | | |
Change in net assets resulting from operations | | | 8,304,598 | | | | 3,833,958 | | | | 9,132 | | | | 2,269,670 | | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (327,266 | ) | | | — | | | | (125,967 | ) | | | (103,933 | ) | |
Service Class | | | (5,006 | ) | | | — | | | | (940 | ) | | | — | | |
Change in net assets resulting from distributions | | | (332,272 | ) | | | — | | | | (126,907 | ) | | | (103,933 | ) | |
Change in net assets resulting from capital transactions | | | 309,904 | | | | (5,524,811 | ) | | | (703,458 | ) | | | 396,613 | | |
Change in net assets | | | 8,282,230 | | | | (1,690,853 | ) | | | (821,233 | ) | | | 2,562,350 | | |
NET ASSETS: | |
Beginning of period | | | 31,122,601 | | | | 32,813,454 | | | | 8,322,711 | | | | 5,760,361 | | |
End of period | | $ | 39,404,831 | | | $ | 31,122,601 | | | $ | 7,501,478 | | | $ | 8,322,711 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 64,377,518 | | | $ | 56,541,569 | | | $ | 33,122,155 | | | $ | 44,207,261 | | |
Distributions reinvested | | | 324,041 | | | | — | | | | 120,901 | | | | 102,872 | | |
Value of shares redeemed | | | (64,601,720 | ) | | | (62,363,297 | ) | | | (33,936,205 | ) | | | (43,903,544 | ) | |
Service Class | |
Proceeds from shares issued | | | 4,656,640 | | | | 4,377,590 | | | | 3,787,729 | | | | 3,634,529 | | |
Distributions reinvested | | | 5,006 | | | | — | | | | 940 | | | | — | | |
Value of shares redeemed | | | (4,451,581 | ) | | | (4,080,673 | ) | | | (3,798,978 | ) | | | (3,644,505 | ) | |
Change in net assets resulting from capital transactions | | $ | 309,904 | | | $ | (5,524,811 | ) | | $ | (703,458 | ) | | $ | 396,613 | | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 994,424 | | | | 1,052,986 | | | | 748,405 | | | | 1,081,318 | | |
Reinvested | | | 4,837 | | | | — | | | | 2,687 | | | | 2,700 | | |
Redeemed | | | (994,996 | ) | | | (1,149,345 | ) | | | (765,073 | ) | | | (1,051,565 | ) | |
Service Class | |
Issued | | | 86,332 | | | | 95,151 | | | | 90,283 | | | | 102,627 | | |
Reinvested | | | 90 | | | | — | | | | 23 | | | | — | | |
Redeemed | | | (82,413 | ) | | | (88,997 | ) | | | (91,279 | ) | | | (102,330 | ) | |
Change in shares | | | 8,274 | | | | (90,205 | ) | | | (14,954 | ) | | | 32,750 | | |
See accompanying notes to the financial statements.
238 :: Statements of Changes in Net Assets :: For the Periods Indicated
| | | UltraInternational ProFund | | UltraJapan ProFund | | UltraLatin America ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 140,432 | | | $ | 102,156 | | | $ | 800,247 | | | $ | 324,491 | | | $ | 472,260 | | | $ | 782,716 | | |
Net realized gains (losses) on investments | | | (147,641 | ) | | | 959,323 | | | | 7,404,211 | | | | 4,924,096 | | | | (302,548 | ) | | | 2,027,518 | | |
Change in net unrealized appreciation/depreciation
on investments | | | 46,128 | | | | (30,733 | ) | | | (1,640,158 | ) | | | 1,128,552 | | | | (1,784,523 | ) | | | 1,060,013 | | |
Change in net assets resulting from operations | | | 38,919 | | | | 1,030,746 | | | | 6,564,300 | | | | 6,377,139 | | | | (1,614,811 | ) | | | 3,870,247 | | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | — | | | | — | | | | (1,570,191 | ) | | | — | | | | (523,218 | ) | | | (917,134 | ) | |
Service Class | | | — | | | | — | | | | (37,779 | ) | | | — | | | | (19,315 | ) | | | (8,866 | ) | |
Change in net assets resulting from distributions | | | — | | | | — | | | | (1,607,970 | ) | | | — | | | | (542,533 | ) | | | (926,000 | ) | |
Change in net assets resulting from capital transactions | | | (1,698,496 | ) | | | 2,038,838 | | | | (2,508,745 | ) | | | 2,644,136 | | | | (2,132,770 | ) | | | (1,056,632 | ) | |
Change in net assets | | | (1,659,577 | ) | | | 3,069,584 | | | | 2,447,585 | | | | 9,021,275 | | | | (4,290,114 | ) | | | 1,887,615 | | |
NET ASSETS: | |
Beginning of period | | | 5,415,972 | | | | 2,346,388 | | | | 21,885,609 | | | | 12,864,334 | | | | 11,578,391 | | | | 9,690,776 | | |
End of period | | $ | 3,756,395 | | | $ | 5,415,972 | | | $ | 24,333,194 | | | $ | 21,885,609 | | | $ | 7,288,277 | | | $ | 11,578,391 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 41,080,047 | | | $ | 29,059,468 | | | $ | 56,904,785 | | | $ | 29,507,261 | | | $ | 34,410,923 | | | $ | 36,726,365 | | |
Distributions reinvested | | | — | | | | — | | | | 1,565,081 | | | | — | | | | 521,160 | | | | 896,181 | | |
Value of shares redeemed | | | (42,595,625 | ) | | | (27,185,764 | ) | | | (60,422,186 | ) | | | (27,383,027 | ) | | | (37,112,497 | ) | | | (38,633,563 | ) | |
Service Class | |
Proceeds from shares issued | | | 3,510,253 | | | | 5,507,974 | | | | 10,013,787 | | | | 6,411,726 | | | | 7,847,651 | | | | 6,491,236 | | |
Distributions reinvested | | | — | | | | — | | | | 34,460 | | | | — | | | | 19,315 | | | | 8,866 | | |
Value of shares redeemed | | | (3,693,171 | ) | | | (5,342,840 | ) | | | (10,604,672 | ) | | | (5,891,824 | ) | | | (7,819,322 | ) | | | (6,545,717 | ) | |
Change in net assets resulting from capital transactions | | $ | (1,698,496 | ) | | $ | 2,038,838 | | | $ | (2,508,745 | ) | | $ | 2,644,136 | | | $ | (2,132,770 | ) | | $ | (1,056,632 | ) | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 2,243,179 | | | | 1,905,217 | | | | 1,172,739 | | | | 918,241 | | | | 2,021,773 | | | | 2,401,000 | | |
Reinvested | | | — | | | | — | | | | 27,666 | | | | — | | | | 25,435 | | | | 64,473 | | |
Redeemed | | | (2,348,572 | ) | | | (1,768,751 | ) | | | (1,261,810 | ) | | | (847,372 | ) | | | (2,144,711 | ) | | | (2,520,298 | ) | |
Service Class | |
Issued | | | 230,428 | | | | 418,597 | | | | 265,615 | | | | 250,476 | | | | 470,812 | | | | 422,535 | | |
Reinvested | | | — | | | | — | | | | 780 | | | | — | | | | 972 | | | | 653 | | |
Redeemed | | | (242,668 | ) | | | (405,203 | ) | | | (282,999 | ) | | | (234,613 | ) | | | (473,799 | ) | | | (424,251 | ) | |
Change in shares | | | (117,633 | ) | | | 149,860 | | | | (78,009 | ) | | | 86,732 | | | | (99,518 | ) | | | (55,888 | ) | |
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 :: 239
| | | UltraMid-Cap ProFund | | UltraNasdaq-100 ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 344,834 | | | $ | 185,732 | | | $ | 5,028,200 | | | $ | 1,924,271 | | |
Net realized gains (losses) on investments | | | 5,328,292 | | | | 2,948,832 | | | | 164,916,370 | | | | 143,168,580 | | |
Change in net unrealized appreciation/depreciation
on investments | | | 870,468 | | | | 553,113 | | | | 131,342,455 | | | | 19,623,480 | | |
Change in net assets resulting from operations | | | 6,543,594 | | | | 3,687,677 | | | | 301,287,025 | | | | 164,716,331 | | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (225,341 | ) | | | — | | | | (4,462,904 | ) | | | (26,964,771 | ) | |
Service Class | | | (22,007 | ) | | | — | | | | (918 | ) | | | (667,988 | ) | |
Change in net assets resulting from distributions | | | (247,348 | ) | | | — | | | | (4,463,822 | ) | | | (27,632,759 | ) | |
Change in net assets resulting from capital transactions | | | 2,528,180 | | | | (9,365,326 | ) | | | (127,424,766 | ) | | | 71,545,328 | | |
Change in net assets | | | 8,824,426 | | | | (5,677,649 | ) | | | 169,398,437 | | | | 208,628,900 | | |
NET ASSETS: | |
Beginning of period | | | 38,941,708 | | | | 44,619,357 | | | | 792,293,993 | | | | 583,665,093 | | |
End of period | | $ | 47,766,134 | | | $ | 38,941,708 | | | $ | 961,692,430 | | | $ | 792,293,993 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 64,966,982 | | | $ | 50,638,059 | | | $ | 2,963,932,070 | | | $ | 3,499,350,532 | | |
Distributions reinvested | | | 220,734 | | | | — | | | | 4,292,378 | | | | 22,723,389 | | |
Value of shares redeemed | | | (66,226,071 | ) | | | (59,926,444 | ) | | | (3,092,774,100 | ) | | | (3,451,391,804 | ) | |
Service Class | |
Proceeds from shares issued | | | 40,244,808 | | | | 1,997,913 | | | | 60,583,371 | | | | 20,330,563 | | |
Distributions reinvested | | | 22,007 | | | | — | | | | 913 | | | | 666,385 | | |
Value of shares redeemed | | | (36,700,280 | ) | | | (2,074,854 | ) | | | (63,459,398 | ) | | | (20,133,737 | ) | |
Change in net assets resulting from capital transactions | | $ | 2,528,180 | | | $ | (9,365,326 | ) | | $ | (127,424,766 | ) | | $ | 71,545,328 | | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 1,105,656 | | | | 1,015,649 | | | | 37,451,268 | | | | 70,651,970 | | |
Reinvested | | | 3,757 | | | | — | | | | 39,221 | | | | 588,082 | | |
Redeemed | | | (1,143,561 | ) | | | (1,185,978 | ) | | | (38,695,810 | ) | | | (70,455,158 | ) | |
Service Class | |
Issued | | | 872,490 | | | | 47,672 | | | | 1,078,298 | | | | 612,630 | | |
Reinvested | | | 484 | | | | — | | | | 12 | | | | 24,663 | | |
Redeemed | | | (805,937 | ) | | | (49,868 | ) | | | (1,148,995 | ) | | | (612,184 | ) | |
Change in shares | | | 32,889 | | | | (172,525 | ) | | | (1,276,006 | ) | | | 810,003 | | |
See accompanying notes to the financial statements.
240 :: Statements of Changes in Net Assets :: For the Periods Indicated
| | | UltraShort China ProFund | | UltraShort Dow 30 ProFund | | UltraShort Emerging Markets ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 70,329 | | | $ | 57,847 | | | $ | 93,577 | | | $ | 63,957 | | | $ | 25,847 | | | $ | 27,964 | | |
Net realized gains (losses) on investments | | | 258,450 | | | | (1,247,748 | ) | | | (594,170 | ) | | | (749,310 | ) | | | (284,398 | ) | | | (555,387 | ) | |
Change in net unrealized appreciation/depreciation
on investments | | | 492,435 | | | | (614,664 | ) | | | 21,201 | | | | 64,093 | | | | 28,785 | | | | (45,964 | ) | |
Change in net assets resulting from operations | | | 821,214 | | | | (1,804,565 | ) | | | (479,392 | ) | | | (621,260 | ) | | | (229,766 | ) | | | (573,387 | ) | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (52,912 | ) | | | — | | | | (64,768 | ) | | | — | | | | (26,345 | ) | | | — | | |
Service Class | | | (681 | ) | | | — | | | | (1,475 | ) | | | — | | | | (669 | ) | | | — | | |
Change in net assets resulting from distributions | | | (53,593 | ) | | | — | | | | (66,243 | ) | | | — | | | | (27,014 | ) | | | — | | |
Change in net assets resulting from capital transactions | | | (2,853,965 | ) | | | 3,398,715 | | | | (541,075 | ) | | | 1,019,660 | | | | 293,689 | | | | (379,571 | ) | |
Change in net assets | | | (2,086,344 | ) | | | 1,594,150 | | | | (1,086,710 | ) | | | 398,400 | | | | 36,909 | | | | (952,958 | ) | |
NET ASSETS: | |
Beginning of period | | | 3,073,541 | | | | 1,479,391 | | | | 3,045,238 | | | | 2,646,838 | | | | 324,951 | | | | 1,277,909 | | |
End of period | | $ | 987,197 | | | $ | 3,073,541 | | | $ | 1,958,528 | | | $ | 3,045,238 | | | $ | 361,860 | | | $ | 324,951 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 61,460,009 | | | $ | 59,804,133 | | | $ | 23,763,745 | | | $ | 29,194,482 | | | $ | 24,658,134 | | | $ | 16,684,806 | | |
Distributions reinvested | | | 52,520 | | | | — | | | | 60,719 | | | | — | | | | 26,048 | | | | — | | |
Value of shares redeemed | | | (64,389,688 | ) | | | (56,457,162 | ) | | | (24,391,985 | ) | | | (28,067,336 | ) | | | (24,391,887 | ) | | | (17,022,594 | ) | |
Service Class | |
Proceeds from shares issued | | | 1,048,565 | | | | 1,039,016 | | | | 1,109,682 | | | | 1,048,860 | | | | 47,179 | | | | 857,465 | | |
Distributions reinvested | | | 681 | | | | — | | | | 1,475 | | | | — | | | | 669 | | | | — | | |
Value of shares redeemed | | | (1,026,052 | ) | | | (987,272 | ) | | | (1,084,711 | ) | | | (1,156,346 | ) | | | (46,454 | ) | | | (899,248 | ) | |
Change in net assets resulting from capital transactions | | $ | (2,853,965 | ) | | $ | 3,398,715 | | | $ | (541,075 | ) | | $ | 1,019,660 | | | $ | 293,689 | | | $ | (379,571 | ) | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 9,012,696 | | | | 6,797,523 | | | | 1,516,475 | | | | 1,493,741 | | | | 1,198,481 | | | | 588,527 | | |
Reinvested | | | 8,219 | | | | — | | | | 3,979 | | | | — | | | | 1,381 | | | | — | | |
Redeemed | | | (9,448,056 | ) | | | (6,349,919 | ) | | | (1,555,402 | ) | | | (1,440,379 | ) | | | (1,194,944 | ) | | | (615,736 | ) | |
Service Class | |
Issued | | | 169,802 | | | | 119,617 | | | | 80,508 | | | | 61,352 | | | | 2,774 | | | | 33,415 | | |
Reinvested | | | 123 | | | | — | | | | 113 | | | | — | | | | 40 | | | | — | | |
Redeemed | | | (167,466 | ) | | | (119,869 | ) | | | (79,991 | ) | | | (67,194 | ) | | | (2,716 | ) | | | (33,858 | ) | |
Change in shares | | | (424,682 | ) | | | 447,352 | | | | (34,318 | ) | | | 47,520 | | | | 5,016 | | | | (27,652 | ) | |
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 :: 241
| | | UltraShort International ProFund | | UltraShort Japan ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 75,543 | | | $ | 65,865 | | | $ | 30,017 | | | $ | 11,272 | | |
Net realized gains (losses) on investments | | | (242,387 | ) | | | (1,459,015 | ) | | | (316,118 | ) | | | (354,674 | ) | |
Change in net unrealized appreciation/depreciation
on investments | | | (20,616 | ) | | | 71,873 | | | | 101,013 | | | | (2,803 | ) | |
Change in net assets resulting from operations | | | (187,460 | ) | | | (1,321,277 | ) | | | (185,088 | ) | | | (346,205 | ) | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (71,316 | ) | | | — | | | | (15,820 | ) | | | — | | |
Service Class | | | (110 | ) | | | — | | | | — | | | | — | | |
Change in net assets resulting from distributions | | | (71,426 | ) | | | — | | | | (15,820 | ) | | | — | | |
Change in net assets resulting from capital transactions | | | (213,999 | ) | | | 1,248,193 | | | | 543,366 | | | | 1,107,476 | | |
Change in net assets | | | (472,885 | ) | | | (73,084 | ) | | | 342,458 | | | | 761,271 | | |
NET ASSETS: | |
Beginning of period | | | 2,573,280 | | | | 2,646,364 | | | | 961,685 | | | | 200,414 | | |
End of period | | $ | 2,100,395 | | | $ | 2,573,280 | | | $ | 1,304,143 | | | $ | 961,685 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 24,833,477 | | | $ | 35,306,242 | | | $ | 19,851,002 | | | $ | 9,264,106 | | |
Distributions reinvested | | | 71,219 | | | | — | | | | 15,809 | | | | — | | |
Value of shares redeemed | | | (25,121,185 | ) | | | (34,060,968 | ) | | | (19,341,984 | ) | | | (8,227,689 | ) | |
Service Class | |
Proceeds from shares issued | | | 446,485 | | | | 61,909 | | | | 2,872,697 | | | | 747,671 | | |
Distributions reinvested | | | 108 | | | | — | | | | — | | | | — | | |
Value of shares redeemed | | | (444,103 | ) | | | (58,990 | ) | | | (2,854,158 | ) | | | (676,612 | ) | |
Change in net assets resulting from capital transactions | | $ | (213,999 | ) | | $ | 1,248,193 | | | $ | 543,366 | | | $ | 1,107,476 | | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 1,309,788 | | | | 1,311,956 | | | | 3,644,204 | | | | 1,017,725 | | |
Reinvested | | | 3,819 | | | | — | | | | 2,432 | | | | — | | |
Redeemed | | | (1,319,372 | ) | | | (1,281,390 | ) | | | (3,515,086 | ) | | | (895,287 | ) | |
Service Class | |
Issued | | | 26,527 | | | | 3,063 | | | | 553,169 | | | | 88,960 | | |
Reinvested | | | 7 | | | | — | | | | — | | | | — | | |
Redeemed | | | (26,538 | ) | | | (3,062 | ) | | | (553,170 | ) | | | (88,960 | ) | |
Change in shares | | | (5,769 | ) | | | 30,567 | | | | 131,549 | | | | 122,438 | | |
See accompanying notes to the financial statements.
242 :: Statements of Changes in Net Assets :: For the Periods Indicated
| | | UltraShort Latin America ProFund | | UltraShort Mid-Cap ProFund | | UltraShort Nasdaq-100 ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 50,509 | | | $ | 33,612 | | | $ | 32,193 | | | $ | 35,784 | | | $ | 591,389 | | | $ | 718,865 | | |
Net realized gains (losses) on investments | | | 375,177 | | | | (1,092,792 | ) | | | (209,755 | ) | | | (307,267 | ) | | | (7,312,006 | ) | | | (33,776,998 | ) | |
Change in net unrealized appreciation/depreciation
on investments | | | 55,616 | | | | 22,091 | | | | 30,035 | | | | 30,367 | | | | 522,443 | | | | 5,379,633 | | |
Change in net assets resulting from operations | | | 481,302 | | | | (1,037,089 | ) | | | (147,527 | ) | | | (241,116 | ) | | | (6,198,174 | ) | | | (27,678,500 | ) | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (47,078 | ) | | | — | | | | (34,612 | ) | | | — | | | | (783,254 | ) | | | (6,401 | ) | |
Service Class | | | — | | | | — | | | | (926 | ) | | | — | | | | (2,986 | ) | | | — | | |
Change in net assets resulting from distributions | | | (47,078 | ) | | | — | | | | (35,538 | ) | | | — | | | | (786,240 | ) | | | (6,401 | ) | |
Change in net assets resulting from capital transactions | | | (663,282 | ) | | | 957,891 | | | | (279,728 | ) | | | (219,816 | ) | | | 364,512 | | | | (56,823,508 | ) | |
Change in net assets | | | (229,058 | ) | | | (79,198 | ) | | | (462,793 | ) | | | (460,932 | ) | | | (6,619,902 | ) | | | (84,508,409 | ) | |
NET ASSETS: | |
Beginning of period | | | 1,724,750 | | | | 1,803,948 | | | | 1,016,332 | | | | 1,477,264 | | | | 16,484,509 | | | | 100,992,918 | | |
End of period | | $ | 1,495,692 | | | $ | 1,724,750 | | | $ | 553,539 | | | $ | 1,016,332 | | | $ | 9,864,607 | | | $ | 16,484,509 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 18,096,990 | | | $ | 25,570,307 | | | $ | 16,643,444 | | | $ | 22,094,905 | | | $ | 572,806,950 | | | $ | 1,630,429,401 | | |
Distributions reinvested | | | 47,070 | | | | — | | | | 29,881 | | | | — | | | | 764,751 | | | | 6,284 | | |
Value of shares redeemed | | | (18,886,705 | ) | | | (24,610,387 | ) | | | (16,935,862 | ) | | | (22,314,717 | ) | | | (573,212,324 | ) | | | (1,687,197,089 | ) | |
Service Class | |
Proceeds from shares issued | | | 1,201,960 | | | | 671,178 | | | | 35 | | | | — | | | | 442,799 | | | | 534,919 | | |
Distributions reinvested | | | — | | | | — | | | | 926 | | | | — | | | | 2,986 | | | | — | | |
Value of shares redeemed | | | (1,122,597 | ) | | | (673,207 | ) | | | (18,152 | ) | | | (4 | ) | | | (440,650 | ) | | | (597,023 | ) | |
Change in net assets resulting from capital transactions | | $ | (663,282 | ) | | $ | 957,891 | | | $ | (279,728 | ) | | $ | (219,816 | ) | | $ | 364,512 | | | $ | (56,823,508 | ) | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 3,491,585 | | | | 3,589,381 | | | | 400,810 | | | | 449,444 | (a) | | | 13,404,230 | | | | 19,406,580 | (c) | |
Reinvested | | | 11,397 | | | | — | | | | 811 | | | | — | | | | 18,938 | | | | 127 | | |
Redeemed | | | (3,599,467 | ) | | | (3,439,459 | ) | | | (408,492 | ) | | | (453,242 | )(a) | | | (13,450,691 | ) | | | (20,344,113 | )(c) | |
Service Class | |
Issued | | | 273,352 | | | | 107,103 | | | | 1 | | | | — | (a) | | | 10,548 | | | | 7,442 | (c) | |
Reinvested | | | — | | | | — | | | | 29 | | | | — | | | | 79 | | | | — | | |
Redeemed | | | (256,939 | ) | | | (107,248 | ) | | | (421 | ) | | | — | (a)(b) | | | (10,614 | ) | | | (8,174 | )(c) | |
Change in shares | | | (80,072 | ) | | | 149,777 | | | | (7,262 | ) | | | (3,798 | ) | | | (27,510 | ) | | | (938,138 | ) | |
(a) As described in Note 9, share amounts have been adjusted for 1:10 reverse share split that occurred on March 6, 2023.
(b) Amount is less than 0.5 share.
(c) As described in Note 9, share amounts have been adjusted for 1:5 reverse share split that occurred on March 13, 2023.
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 :: 243
| | | UltraShort Small-Cap ProFund | | UltraSmall-Cap ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 167,789 | | | $ | 161,525 | | | $ | 352,606 | | | $ | 248,883 | | |
Net realized gains (losses) on investments | | | (943,709 | ) | | | (734,913 | ) | | | 9,924,674 | | | | (2,889,383 | ) | |
Change in net unrealized appreciation/depreciation
on investments | | | 258,532 | | | | (115,625 | ) | | | 2,008,111 | | | | 3,750,634 | | |
Change in net assets resulting from operations | | | (517,388 | ) | | | (689,013 | ) | | | 12,285,391 | | | | 1,110,134 | | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (168,696 | ) | | | — | | | | (374,677 | ) | | | — | | |
Service Class | | | (4,993 | ) | | | — | | | | (640 | ) | | | — | | |
Change in net assets resulting from distributions | | | (173,689 | ) | | | — | | | | (375,317 | ) | | | — | | |
Change in net assets resulting from capital transactions | | | (1,514,087 | ) | | | 1,465,644 | | | | (4,158,006 | ) | | | (3,395,851 | ) | |
Change in net assets | | | (2,205,164 | ) | | | 776,631 | | | | 7,752,068 | | | | (2,285,717 | ) | |
NET ASSETS: | |
Beginning of period | | | 5,129,580 | | | | 4,352,949 | | | | 50,527,046 | | | | 52,812,763 | | |
End of period | | $ | 2,924,416 | | | $ | 5,129,580 | | | $ | 58,279,114 | | | $ | 50,527,046 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 107,507,177 | | | $ | 166,543,096 | | | $ | 309,814,049 | | | $ | 561,298,460 | | |
Distributions reinvested | | | 162,261 | | | | — | | | | 363,176 | | | | — | | |
Value of shares redeemed | | | (109,204,075 | ) | | | (165,081,179 | ) | | | (314,693,966 | ) | | | (564,625,967 | ) | |
Service Class | |
Proceeds from shares issued | | | 1,069,130 | | | | 712,311 | | | | 9,274,183 | | | | 4,557,256 | | |
Distributions reinvested | | | 4,986 | | | | — | | | | 640 | | | | — | | |
Value of shares redeemed | | | (1,053,566 | ) | | | (708,584 | ) | | | (8,916,088 | ) | | | (4,625,600 | ) | |
Change in net assets resulting from capital transactions | | $ | (1,514,087 | ) | | $ | 1,465,644 | | | $ | (4,158,006 | ) | | $ | (3,395,851 | ) | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 16,204,324 | | | | 21,077,282 | | | | 5,592,526 | | | | 10,358,169 | | |
Reinvested | | | 28,024 | | | | — | | | | 5,752 | | | | — | | |
Redeemed | | | (16,417,577 | ) | | | (20,826,551 | ) | | | (5,605,017 | ) | | | (10,424,395 | ) | |
Service Class | |
Issued | | | 180,593 | | | | 97,622 | | | | 203,146 | | | | 99,673 | | |
Reinvested | | | 950 | | | | — | | | | 13 | | | | — | | |
Redeemed | | | (177,567 | ) | | | (98,677 | ) | | | (197,106 | ) | | | (100,859 | ) | |
Change in shares | | | (181,253 | ) | | | 249,676 | | | | (686 | ) | | | (67,412 | ) | |
See accompanying notes to the financial statements.
244 :: Statements of Changes in Net Assets :: For the Periods Indicated
| | | U.S. Government Plus ProFund | | Utilities UltraSector ProFund | |
| | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | | Year Ended
July 31, 2024 | | Year Ended
July 31, 2023 | |
FROM INVESTMENT ACTIVITIES: | |
OPERATIONS: | |
Net investment income (loss) | | $ | 263,212 | | | $ | 163,660 | | | $ | 159,223 | | | $ | 110,423 | | |
Net realized gains (losses) on investments | | | (1,546,613 | ) | | | (1,586,404 | ) | | | (368,462 | ) | | | (468,540 | ) | |
Change in net unrealized appreciation/depreciation
on investments | | | 485,826 | | | | (378,073 | ) | | | 2,007,312 | | | | (1,600,132 | ) | |
Change in net assets resulting from operations | | | (797,575 | ) | | | (1,800,817 | ) | | | 1,798,073 | | | | (1,958,249 | ) | |
DISTRIBUTIONS TO SHAREHOLDERS: | |
Total distributions | |
Investor Class | | | (238,218 | ) | | | (133,040 | ) | | | (105,818 | ) | | | (83,764 | ) | |
Service Class | | | (24,982 | ) | | | (17,780 | ) | | | (436 | ) | | | — | | |
Change in net assets resulting from distributions | | | (263,200 | ) | | | (150,820 | ) | | | (106,254 | ) | | | (83,764 | ) | |
Change in net assets resulting from capital transactions | | | 6,992,576 | | | | 1,696,922 | | | | 29,078,636 | | | | (4,703,607 | ) | |
Change in net assets | | | 5,931,801 | | | | (254,715 | ) | | | 30,770,455 | | | | (6,745,620 | ) | |
NET ASSETS: | |
Beginning of period | | | 8,596,356 | | | | 8,851,071 | | | | 6,841,564 | | | | 13,587,184 | | |
End of period | | $ | 14,528,157 | | | $ | 8,596,356 | | | $ | 37,612,019 | | | $ | 6,841,564 | | |
CAPITAL TRANSACTIONS: | |
Investor Class | |
Proceeds from shares issued | | $ | 340,631,406 | | | $ | 228,090,992 | | | $ | 73,265,823 | | | $ | 30,773,200 | | |
Distributions reinvested | | | 236,084 | | | | 131,903 | | | | 105,043 | | | | 83,548 | | |
Value of shares redeemed | | | (335,545,382 | ) | | | (226,039,640 | ) | | | (44,503,681 | ) | | | (34,919,308 | ) | |
Service Class | |
Proceeds from shares issued | | | 30,640,862 | | | | 19,514,518 | | | | 6,801,102 | | | | 4,145,217 | | |
Distributions reinvested | | | 24,980 | | | | 17,780 | | | | 436 | | | | — | | |
Value of shares redeemed | | | (28,995,374 | ) | | | (20,018,631 | ) | | | (6,590,087 | ) | | | (4,786,264 | ) | |
Change in net assets resulting from capital transactions | | $ | 6,992,576 | | | $ | 1,696,922 | | | $ | 29,078,636 | | | $ | (4,703,607 | ) | |
SHARE TRANSACTIONS: | |
Investor Class | |
Issued | | | 9,574,475 | | | | 5,258,999 | | | | 1,241,667 | | | | 490,062 | | |
Reinvested | | | 6,653 | | | | 3,267 | | | | 1,948 | | | | 1,270 | | |
Redeemed | | | (9,441,464 | ) | | | (5,211,670 | ) | | | (788,980 | ) | | | (559,789 | ) | |
Service Class | |
Issued | | | 935,695 | | | | 527,906 | | | | 131,580 | | | | 71,210 | | |
Reinvested | | | 767 | | | | 480 | | | | 9 | | | | — | | |
Redeemed | | | (884,170 | ) | | | (537,881 | ) | | | (127,953 | ) | | | (82,485 | ) | |
Change in shares | | | 191,956 | | | | 41,101 | | | | 458,271 | | | | (79,732 | ) | |
Amounts designated as " – " are $0 or have been rounded to $0.
See accompanying notes to the financial statements.
246 :: 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, 2024 | | $ | 31.10 | | | | 0.69 | | | | (2.54 | ) | | | (1.85 | ) | | | — | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 31.71 | | | | 0.44 | | | | (1.05 | ) | | | (0.61 | ) | | | — | | | | — | | | | — | | | | — | | |
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 | ) | | | — | | | | — | | | | — | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 26.19 | | | | 0.43 | | | | (2.22 | ) | | | (1.79 | ) | | | — | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 26.94 | | | | 0.16 | | | | (0.91 | ) | | | (0.75 | ) | | | — | | | | — | | | | — | | | | — | | |
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 | ) | | | — | | | | — | | | | — | | | | — | | |
Access Flex High Yield ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 30.05 | | | | 0.84 | | | | 2.13 | | | | 2.97 | | | | (0.84 | ) | | | (1.74 | ) | | | — | | | | (2.58 | ) | |
Year Ended July 31, 2023 | | $ | 29.88 | | | | 0.53 | | | | 0.84 | | | | 1.37 | | | | (0.53 | ) | | | (0.67 | ) | | | — | | | | (1.20 | ) | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 29.68 | | | | 0.54 | | | | 2.12 | | | | 2.66 | | | | (0.54 | ) | | | (1.42 | ) | | | — | | | | (1.96 | ) | |
Year Ended July 31, 2023 | | $ | 29.31 | | | | 0.24 | | | | 0.86 | | | | 1.10 | | | | (0.24 | ) | | | (0.49 | ) | | | — | | | | (0.73 | ) | |
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 | ) | |
| | | | | | | 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(d) | |
Access Flex Bear High Yield ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 29.25 | | | | (5.95 | )% | | | 3.80 | % | | | 1.78 | % | | | 2.24 | % | | $ | 375 | | | | — | | |
Year Ended July 31, 2023 | | $ | 31.10 | | | | (1.92 | )% | | | 2.53 | % | | | 1.78 | % | | | 1.38 | % | | $ | 2,355 | | | | — | | |
Year Ended July 31, 2022 | | $ | 31.71 | | | | 5.95 | % | | | 3.15 | % | | | 1.78 | % | | | (1.36 | )% | | $ | 2,189 | | | | — | | |
Nine Months Ended
July 31, 2021 | | $ | 29.93 | | | | (9.80 | )% | | | 9.92 | % | | | 1.78 | % | | | (1.78 | )% | | $ | 445 | | | | — | | |
Year Ended October 31, 2020 | | $ | 33.20 | | | | (1.72 | )% | | | 5.56 | % | | | 1.78 | % | | | (1.56 | )% | | $ | 845 | | | | — | | |
Year Ended October 31, 2019 | | $ | 33.78 | | | | (10.75 | )% | | | 5.99 | % | | | 1.78 | % | | | (0.60 | )% | | $ | 807 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 24.40 | | | | (6.91 | )% | | | 4.80 | % | | | 2.78 | % | | | 1.24 | % | | $ | 18 | | | | — | | |
Year Ended July 31, 2023 | | $ | 26.19 | | | | (2.78 | )% | | | 3.53 | % | | | 2.78 | % | | | 0.38 | % | | $ | 18 | | | | — | | |
Year Ended July 31, 2022 | | $ | 26.94 | | | | 4.86 | % | | | 4.15 | % | | | 2.78 | % | | | (2.36 | )% | | $ | 28 | | | | — | | |
Nine Months Ended
July 31, 2021 | | $ | 25.68 | | | | (10.45 | )% | | | 10.92 | % | | | 2.78 | % | | | (2.78 | )% | | $ | 11 | | | | — | | |
Year Ended October 31, 2020 | | $ | 28.71 | | | | (2.64 | )% | | | 6.56 | % | | | 2.78 | % | | | (2.56 | )% | | $ | 14 | | | | — | | |
Year Ended October 31, 2019 | | $ | 29.49 | | | | (11.70 | )% | | | 6.99 | % | | | 2.78 | % | | | (1.60 | )% | | $ | 33 | | | | — | | |
Access Flex High Yield ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 30.44 | | | | 10.52 | % | | | 1.91 | % | | | 1.78 | % | | | 2.79 | % | | $ | 9,054 | | | | 1,214 | % | |
Year Ended July 31, 2023 | | $ | 30.05 | | | | 4.86 | % | | | 1.80 | % | | | 1.78 | % | | | 1.78 | % | | $ | 26,902 | | | | 1,510 | % | |
Year Ended July 31, 2022 | | $ | 29.88 | | | | (8.85 | )% | | | 1.78 | % | | | 1.78 | % | | | (0.81 | )% | | $ | 9,819 | | | | 1,259 | % | |
Nine Months Ended
July 31, 2021 | | $ | 32.91 | | | | 6.63 | % | | | 1.97 | % | | | 1.78 | % | | | (1.39 | )% | | $ | 13,252 | | | | 944 | % | |
Year Ended October 31, 2020 | | $ | 31.65 | | | | (4.05 | )% | | | 2.07 | % | | | 1.88 | % | | | (1.17 | )% | | $ | 17,557 | | | | 1,534 | % | |
Year Ended October 31, 2019 | | $ | 34.28 | | | | 10.26 | % | | | 1.90 | % | | | 1.90 | % | | | 0.19 | % | | $ | 19,823 | | | | 1,362 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 30.38 | | | | 9.42 | % | | | 2.91 | % | | | 2.78 | % | | | 1.79 | % | | $ | 2,203 | | | | 1,214 | % | |
Year Ended July 31, 2023 | | $ | 29.68 | | | | 3.85 | % | | | 2.80 | % | | | 2.78 | % | | | 0.78 | % | | $ | 2,229 | | | | 1,510 | % | |
Year Ended July 31, 2022 | | $ | 29.31 | | | | (9.77 | )% | | | 2.78 | % | | | 2.78 | % | | | (1.81 | )% | | $ | 3,259 | | | | 1,259 | % | |
Nine Months Ended
July 31, 2021 | | $ | 32.53 | | | | 5.81 | % | | | 2.97 | % | | | 2.78 | % | | | (2.39 | )% | | $ | 3,527 | | | | 944 | % | |
Year Ended October 31, 2020 | | $ | 31.33 | | | | (4.98 | )% | | | 3.07 | % | | | 2.88 | % | | | (2.17 | )% | | $ | 2,806 | | | | 1,534 | % | |
Year Ended October 31, 2019 | | $ | 33.80 | | | | 9.12 | % | | | 2.90 | % | | | 2.90 | % | | | (0.81 | )% | | $ | 4,820 | | | | 1,362 | % | |
(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.
See accompanying notes to the financial statements.
Financial Highlights :: 247
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 | | Net
Asset
Value,
End of
Period | |
Banks UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 41.90 | | | | 0.83 | | | | 16.72 | | | | 17.55 | | | | (0.77 | ) | | | (0.77 | ) | | $ | 58.68 | | |
Year Ended July 31, 2023 | | $ | 45.34 | | | | 0.54 | | | | (3.86 | ) | | | (3.32 | ) | | | (0.12 | ) | | | (0.12 | ) | | $ | 41.90 | | |
Year Ended July 31, 2022 | | $ | 56.72 | | | | 0.08 | | | | (11.46 | ) | | | (11.38 | ) | | | — | | | | — | | | $ | 45.34 | | |
Year Ended July 31, 2021 | | $ | 28.48 | | | | 0.23 | | | | 28.01 | | | | 28.24 | | | | — | | | | — | | | $ | 56.72 | | |
Year Ended July 31, 2020 | | $ | 50.38 | | | | 0.47 | | | | (22.14 | ) | | | (21.67 | ) | | | (0.23 | ) | | | (0.23 | ) | | $ | 28.48 | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 37.76 | | | | 0.44 | | | | 14.95 | | | | 15.39 | | | | (0.12 | ) | | | (0.12 | ) | | $ | 53.03 | | |
Year Ended July 31, 2023 | | $ | 41.14 | | | | 0.18 | | | | (3.56 | ) | | | (3.38 | ) | | | — | | | | — | | | $ | 37.76 | | |
Year Ended July 31, 2022 | | $ | 51.99 | | | | (0.48 | ) | | | (10.37 | ) | | | (10.85 | ) | | | — | | | | — | | | $ | 41.14 | | |
Year Ended July 31, 2021 | | $ | 26.38 | | | | (0.19 | ) | | | 25.80 | | | | 25.61 | | | | — | | | | — | | | $ | 51.99 | | |
Year Ended July 31, 2020 | | $ | 46.98 | | | | 0.13 | | | | (20.73 | ) | | | (20.60 | ) | | | — | | | | — | | | $ | 26.38 | | |
Bear ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 14.61 | | | | 0.47 | | | | (2.12 | ) | | | (1.65 | ) | | | (0.77 | ) | | | (0.77 | ) | | $ | 12.19 | | |
Year Ended July 31, 2023 | | $ | 16.01 | | | | 0.32 | | | | (1.72 | ) | | | (1.40 | ) | | | — | | | | — | | | $ | 14.61 | | |
Year Ended July 31, 2022 | | $ | 16.01 | | | | (0.18 | ) | | | 0.18 | | | | — | (d) | | | — | | | | — | | | $ | 16.01 | | |
Year Ended July 31, 2021 | | $ | 22.67 | | | | (0.33 | ) | | | (6.32 | ) | | | (6.65 | ) | | | (0.01 | ) | | | (0.01 | ) | | $ | 16.01 | | |
Year Ended July 31, 2020 | | $ | 28.37 | | | | (0.25 | ) | | | (5.38 | ) | | | (5.63 | ) | | | (0.07 | ) | | | (0.07 | ) | | $ | 22.67 | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 13.06 | | | | 0.34 | | | | (1.94 | ) | | | (1.60 | ) | | | (0.54 | ) | | | (0.54 | ) | | $ | 10.92 | | |
Year Ended July 31, 2023 | | $ | 14.42 | | | | 0.17 | | | | (1.53 | ) | | | (1.36 | ) | | | — | | | | — | | | $ | 13.06 | | |
Year Ended July 31, 2022 | | $ | 14.56 | | | | (0.33 | ) | | | 0.19 | | | | (0.14 | ) | | | — | | | | — | | | $ | 14.42 | | |
Year Ended July 31, 2021 | | $ | 20.82 | | | | (0.51 | ) | | | (5.75 | ) | | | (6.26 | ) | | | — | | | | — | | | $ | 14.56 | | |
Year Ended July 31, 2020 | | $ | 26.23 | | | | (0.50 | ) | | | (4.91 | ) | | | (5.41 | ) | | | — | | | | — | | | $ | 20.82 | | |
| | | | | Ratios to
Average Net Assets | | Supplemental
Data | |
| | | Total
Return | | Gross
Expenses | | Net
Expenses | | Net
Investment
Income
(Loss) | | Net
Assets,
End of
Period
(000's) | | Portfolio
Turnover
Rate(b) | |
Banks UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | | 42.30 | % | | | 1.89 | % | | | 1.88 | % | | | 1.93 | % | | $ | 11,464 | | | | 163 | % | |
Year Ended July 31, 2023 | | | (7.34 | )% | | | 1.94 | % | | | 1.94 | % | | | 1.35 | % | | $ | 11,023 | | | | 150 | % | |
Year Ended July 31, 2022 | | | (20.05 | )% | | | 1.71 | % | | | 1.71 | % | | | 0.13 | % | | $ | 7,788 | | | | 73 | % | |
Year Ended July 31, 2021 | | | 99.16 | % | | | 1.53 | % | | | 1.53 | % | | | 0.43 | % | | $ | 122,655 | | | | 144 | % | |
Year Ended July 31, 2020 | | | (43.26 | )% | | | 1.72 | % | | | 1.72 | % | | | 1.00 | % | | $ | 7,348 | | | | 260 | % | |
Service Class | |
Year Ended July 31, 2024 | | | 40.84 | % | | | 2.89 | % | | | 2.88 | % | | | 0.93 | % | | $ | 701 | | | | 163 | % | |
Year Ended July 31, 2023 | | | (8.24 | )% | | | 2.94 | % | | | 2.94 | % | | | 0.35 | % | | $ | 570 | | | | 150 | % | |
Year Ended July 31, 2022 | | | (20.85 | )% | | | 2.71 | % | | | 2.71 | % | | | (0.87 | )% | | $ | 452 | | | | 73 | % | |
Year Ended July 31, 2021 | | | 97.08 | % | | | 2.53 | % | | | 2.53 | % | | | (0.57 | )% | | $ | 925 | | | | 144 | % | |
Year Ended July 31, 2020 | | | (43.34 | )% | | | 2.72 | % | | | 2.72 | % | | | — | %(c) | | $ | 300 | | | | 260 | % | |
Bear ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | | (11.81 | )% | | | 2.19 | % | | | 1.86 | % | | | 3.44 | % | | $ | 4,625 | | | | — | | |
Year Ended July 31, 2023 | | | (8.74 | )% | | | 1.86 | % | | | 1.86 | % | | | 1.95 | % | | $ | 6,178 | | | | — | | |
Year Ended July 31, 2022 | | | — | %(c) | | | 1.64 | % | | | 1.64 | % | | | (1.13 | )% | | $ | 12,126 | | | | — | | |
Year Ended July 31, 2021 | | | (29.33 | )% | | | 1.74 | % | | | 1.74 | % | | | (1.73 | )% | | $ | 9,799 | | | | — | | |
Year Ended July 31, 2020 | | | (19.87 | )% | | | 1.86 | % | | | 1.86 | % | | | (0.95 | )% | | $ | 15,698 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | | (12.69 | )% | | | 3.19 | % | | | 2.86 | % | | | 2.44 | % | | $ | 456 | | | | — | | |
Year Ended July 31, 2023 | | | (9.43 | )% | | | 2.86 | % | | | 2.86 | % | | | 0.95 | % | | $ | 580 | | | | — | | |
Year Ended July 31, 2022 | | | (0.96 | )% | | | 2.64 | % | | | 2.64 | % | | | (2.13 | )% | | $ | 564 | | | | — | | |
Year Ended July 31, 2021 | | | (30.07 | )% | | | 2.74 | % | | | 2.74 | % | | | (2.73 | )% | | $ | 789 | | | | — | | |
Year Ended July 31, 2020 | | | (20.63 | )% | | | 2.86 | % | | | 2.86 | % | | | (1.95 | )% | | $ | 677 | | | | — | | |
(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.
248 :: 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 | |
Biotechnology UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 62.67 | | | | 0.15 | | | | 10.57 | | | | 10.72 | | | | — | | | | (4.13 | ) | | | (4.13 | ) | |
Year Ended July 31, 2023 | | $ | 56.74 | | | | 0.07 | | | | 5.86 | | | | 5.93 | | | | — | | | | — | | | | — | | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 41.36 | | | | (0.23 | ) | | | 6.49 | | | | 6.26 | | | | — | | | | (4.13 | ) | | | (4.13 | ) | |
Year Ended July 31, 2023 | | $ | 37.83 | | | | (0.32 | ) | | | 3.85 | | | | 3.53 | | | | — | | | | — | | | | — | | |
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 | ) | |
Bull ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 58.06 | | | | 0.60 | | | | 10.99 | | | | 11.59 | | | | (0.57 | ) | | | (0.40 | ) | | | (0.97 | ) | |
Year Ended July 31, 2023 | | $ | 52.89 | | | | 0.39 | | | | 5.26 | | | | 5.65 | | | | — | | | | (0.48 | ) | | | (0.48 | ) | |
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(d) | | $ | 45.33 | | | | (0.01 | ) | | | 4.39 | | | | 4.38 | | | | (0.18 | ) | | | (0.62 | ) | | | (0.80 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 44.56 | | | | 0.13 | | | | 8.25 | | | | 8.38 | | | | (0.25 | ) | | | (0.40 | ) | | | (0.65 | ) | |
Year Ended July 31, 2023 | | $ | 41.09 | | | | (0.01 | ) | | | 3.96 | | | | 3.95 | | | | — | | | | (0.48 | ) | | | (0.48 | ) | |
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(d) | | $ | 37.50 | | | | (0.38 | ) | | | 3.59 | | | | 3.21 | | | | — | | | | (0.62 | ) | | | (0.62 | ) | |
| | | | | | | 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) | |
Biotechnology UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 69.26 | | | | 18.79 | %(c) | | | 1.53 | % | | | 1.52 | % | | | 0.25 | % | | $ | 106,026 | | | | 196 | % | |
Year Ended July 31, 2023 | | $ | 62.67 | | | | 10.43 | % | | | 1.54 | % | | | 1.54 | % | | | 0.11 | % | | $ | 114,581 | | | | 91 | % | |
Year Ended July 31, 2022 | | $ | 56.74 | | | | (20.96 | )% | | | 1.49 | % | | | 1.49 | % | | | (0.37 | )% | | $ | 119,791 | | | | 28 | % | |
Year Ended July 31, 2021 | | $ | 85.26 | | | | 32.02 | % | | | 1.55 | % | | | 1.55 | % | | | (0.37 | )% | | $ | 168,280 | | | | 62 | % | |
Year Ended July 31, 2020 | | $ | 72.23 | | | | 43.62 | % | | | 1.61 | % | | | 1.61 | % | | | (0.10 | )% | | $ | 188,065 | | | | 52 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 43.49 | | | | 17.61 | %(c) | | | 2.53 | % | | | 2.52 | % | | | (0.75 | )% | | $ | 2,788 | | | | 196 | % | |
Year Ended July 31, 2023 | | $ | 41.36 | | | | 9.30 | % | | | 2.54 | % | | | 2.54 | % | | | (0.89 | )% | | $ | 2,985 | | | | 91 | % | |
Year Ended July 31, 2022 | | $ | 37.83 | | | | (21.75 | )% | | | 2.49 | % | | | 2.49 | % | | | (1.37 | )% | | $ | 3,734 | | | | 28 | % | |
Year Ended July 31, 2021 | | $ | 61.86 | | | | 30.74 | % | | | 2.54 | % | | | 2.54 | % | | | (1.36 | )% | | $ | 5,358 | | | | 62 | % | |
Year Ended July 31, 2020 | | $ | 55.00 | | | | 42.20 | % | | | 2.60 | % | | | 2.60 | % | | | (1.09 | )% | | $ | 5,999 | | | | 52 | % | |
Bull ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 68.68 | | | | 19.97 | % | | | 1.53 | % | | | 1.53 | % | | | 1.02 | % | | $ | 44,497 | | | | 113 | % | |
Year Ended July 31, 2023 | | $ | 58.06 | | | | 10.86 | % | | | 1.58 | % | | | 1.58 | % | | | 0.80 | % | | $ | 41,714 | | | | 112 | % | |
Year Ended July 31, 2022 | | $ | 52.89 | | | | (6.39 | )% | | | 1.50 | % | | | 1.50 | % | | | (0.49 | )% | | $ | 33,168 | | | | 58 | % | |
Year Ended July 31, 2021 | | $ | 61.91 | | | | 34.03 | % | | | 1.55 | % | | | 1.55 | % | | | (0.45 | )% | | $ | 56,064 | | | | 15 | % | |
Year Ended July 31, 2020(d) | | $ | 48.91 | | | | 9.68 | % | | | 1.63 | % | | | 1.63 | % | | | (0.01 | )% | | $ | 72,210 | | | | 84 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 52.29 | | | | 18.80 | % | | | 2.53 | % | | | 2.53 | % | | | 0.02 | % | | $ | 6,734 | | | | 113 | % | |
Year Ended July 31, 2023 | | $ | 44.56 | | | | 9.81 | % | | | 2.58 | % | | | 2.58 | % | | | (0.20 | )% | | $ | 11,462 | | | | 112 | % | |
Year Ended July 31, 2022 | | $ | 41.09 | | | | (7.32 | )% | | | 2.50 | % | | | 2.50 | % | | | (1.49 | )% | | $ | 10,669 | | | | 58 | % | |
Year Ended July 31, 2021 | | $ | 49.77 | | | | 32.73 | % | | | 2.55 | % | | | 2.55 | % | | | (1.45 | )% | | $ | 7,148 | | | | 15 | % | |
Year Ended July 31, 2020(d) | | $ | 40.09 | | | | 8.57 | % | | | 2.63 | % | | | 2.63 | % | | | (1.01 | )% | | $ | 5,327 | | | | 84 | % | |
(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, 2024, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.09%.
(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 :: 249
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 | |
Communication Services UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 119.32 | | | | 0.38 | | | | 39.84 | | | | 40.22 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 93.36 | | | | (0.03 | ) | | | 25.99 | | | | 25.96 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 172.73 | | | | (1.45 | ) | | | (76.75 | ) | | | (78.20 | ) | | | — | | | | (1.17 | )(c) | | | (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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 95.00 | | | | (0.62 | ) | | | 31.39 | | | | 30.77 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 75.03 | | | | (0.79 | ) | | | 20.76 | | | | 19.97 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 140.52 | | | | (2.58 | ) | | | (61.74 | ) | | | (64.32 | ) | | | — | | | | (1.17 | )(c) | | | (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 | ) | |
Consumer Discretionary UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 54.21 | | | | 0.11 | | | | 3.79 | | | | 3.90 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 45.84 | | | | 0.02 | | | | 8.35 | | | | 8.37 | | | | — | | | | — | | | | — | | |
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(e) | | $ | 46.43 | | | | (0.24 | ) | | | 7.89 | | | | 7.65 | | | | — | | | | — | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 43.69 | | | | (0.31 | ) | | | 2.99 | | | | 2.68 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 37.32 | | | | (0.34 | ) | | | 6.71 | | | | 6.37 | | | | — | | | | — | | | | — | | |
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(e) | | $ | 39.89 | | | | (0.63 | ) | | | 6.73 | | | | 6.10 | | | | — | | | | — | | | | — | | |
| | | | | | | 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) | |
Communication Services UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 159.54 | | | | 33.72 | % | | | 1.94 | % | | | 1.78 | % | | | 0.29 | % | | $ | 9,077 | | | | 132 | % | |
Year Ended July 31, 2023 | | $ | 119.32 | | | | 27.80 | % | | | 2.22 | % | | | 1.78 | % | | | (0.03 | )% | | $ | 6,164 | | | | 107 | % | |
Year Ended July 31, 2022 | | $ | 93.36 | | | | (45.54 | )% | | | 1.94 | % | | | 1.78 | % | | | (1.04 | )% | | $ | 4,623 | | | | 63 | % | |
Year Ended July 31, 2021 | | $ | 172.73 | | | | 65.05 | % | | | 1.91 | % | | | 1.82 | % | | | (1.17 | )% | | $ | 11,327 | | | | 138 | % | |
Year Ended July 31, 2020 | | $ | 104.67 | | | | 16.07 | % | | | 2.37 | % | | | 2.11 | %(d) | | | (1.08 | )% | | $ | 5,587 | | | | 82 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 125.77 | | | | 32.38 | % | | | 2.94 | % | | | 2.78 | % | | | (0.71 | )% | | $ | 424 | | | | 132 | % | |
Year Ended July 31, 2023 | | $ | 95.00 | | | | 26.58 | % | | | 3.22 | % | | | 2.78 | % | | | (1.03 | )% | | $ | 687 | | | | 107 | % | |
Year Ended July 31, 2022 | | $ | 75.03 | | | | (46.09 | )% | | | 2.94 | % | | | 2.78 | % | | | (2.04 | )% | | $ | 106 | | | | 63 | % | |
Year Ended July 31, 2021 | | $ | 140.52 | | | | 63.43 | % | | | 2.91 | % | | | 2.82 | % | | | (2.17 | )% | | $ | 205 | | | | 138 | % | |
Year Ended July 31, 2020 | | $ | 85.98 | | | | 14.89 | % | | | 3.37 | % | | | 3.11 | %(d) | | | (2.08 | )% | | $ | 153 | | | | 82 | % | |
Consumer Discretionary UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 58.11 | | | | 7.19 | % | | | 1.59 | % | | | 1.59 | % | | | 0.21 | % | | $ | 50,497 | | | | 173 | % | |
Year Ended July 31, 2023 | | $ | 54.21 | | | | 18.23 | % | | | 1.63 | % | | | 1.63 | % | | | 0.04 | % | | $ | 55,834 | | | | 83 | % | |
Year Ended July 31, 2022 | | $ | 45.84 | | | | (31.68 | )% | | | 1.54 | % | | | 1.54 | % | | | (0.86 | )% | | $ | 30,510 | | | | 31 | % | |
Year Ended July 31, 2021 | | $ | 72.77 | | | | 39.66 | % | | | 1.56 | % | | | 1.56 | % | | | (0.97 | )% | | $ | 76,287 | | | | 130 | % | |
Year Ended July 31, 2020(e) | | $ | 54.08 | | | | 16.47 | % | | | 1.67 | % | | | 1.67 | % | | | (0.53 | )% | | $ | 44,827 | | | | 80 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 46.37 | | | | 6.11 | % | | | 2.59 | % | | | 2.59 | % | | | (0.79 | )% | | $ | 594 | | | | 173 | % | |
Year Ended July 31, 2023 | | $ | 43.69 | | | | 17.07 | % | | | 2.63 | % | | | 2.63 | % | | | (0.96 | )% | | $ | 1,125 | | | | 83 | % | |
Year Ended July 31, 2022 | | $ | 37.32 | | | | (32.37 | )% | | | 2.54 | % | | | 2.54 | % | | | (1.86 | )% | | $ | 615 | | | | 31 | % | |
Year Ended July 31, 2021 | | $ | 60.86 | | | | 38.29 | % | | | 2.56 | % | | | 2.56 | % | | | (1.97 | )% | | $ | 1,594 | | | | 130 | % | |
Year Ended July 31, 2020(e) | | $ | 45.99 | | | | 15.30 | % | | | 2.67 | % | | | 2.67 | % | | | (1.53 | )% | | $ | 1,595 | | | | 80 | % | |
(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) Subsequent to the issuance of the July 31, 2022 financial statements, $0.12 of the distribution was determined to be a return of capital.
(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.
(e) 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.
250 :: 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 Staples UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 73.06 | | | | 1.15 | | | | 1.06 | | | | 2.21 | | | | (1.06 | ) | | | — | | | | (1.06 | ) | |
Year Ended July 31, 2023 | | $ | 83.25 | | | | 0.70 | | | | (10.89 | ) | | | (10.19 | ) | | | — | | | | — | | | | — | | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 63.32 | | | | 0.55 | | | | 0.77 | | | | 1.32 | | | | (0.34 | ) | | | — | | | | (0.34 | ) | |
Year Ended July 31, 2023 | | $ | 72.87 | | | | 0.08 | | | | (9.63 | ) | | | (9.55 | ) | | | — | | | | — | | | | — | | |
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 | ) | |
Energy UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 42.69 | | | | 0.93 | | | | 2.90 | (d) | | | 3.83 | | | | (0.35 | ) | | | — | | | | (0.35 | ) | |
Year Ended July 31, 2023 | | $ | 38.26 | | | | 0.87 | | | | 4.76 | | | | 5.63 | | | | (0.77 | ) | | | (0.43 | ) | | | (1.20 | ) | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 36.24 | | | | 0.56 | | | | 2.34 | (d) | | | 2.90 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 32.52 | | | | 0.52 | | | | 3.89 | | | | 4.41 | | | | (0.26 | ) | | | (0.43 | ) | | | (0.69 | ) | |
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 | ) | |
| | | | | | | 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) | |
Consumer Staples UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 74.21 | | | | 3.20 | % | | | 2.51 | % | | | 1.78 | % | | | 1.68 | % | | $ | 3,209 | | | | 173 | % | |
Year Ended July 31, 2023 | | $ | 73.06 | | | | (12.25 | )% | | | 2.41 | % | | | 1.78 | % | | | 0.98 | % | | $ | 3,518 | | | | 173 | % | |
Year Ended July 31, 2022 | | $ | 83.25 | | | | (5.34 | )% | | | 1.88 | % | | | 1.78 | % | | | (0.48 | )% | | $ | 3,965 | | | | 142 | % | |
Year Ended July 31, 2021(c) | | $ | 91.85 | | | | 55.06 | % | | | 1.88 | % | | | 1.78 | % | | | (0.40 | )% | | $ | 4,950 | | | | 209 | % | |
Year Ended July 31, 2020(c) | | $ | 59.24 | | | | 14.68 | % | | | 2.08 | % | | | 1.78 | % | | | 0.44 | % | | $ | 7,596 | | | | 162 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 64.30 | | | | 2.15 | % | | | 3.50 | % | | | 2.77 | % | | | 0.69 | % | | $ | 152 | | | | 173 | % | |
Year Ended July 31, 2023 | | $ | 63.32 | | | | (13.12 | )% | | | 3.40 | % | | | 2.77 | % | | | (0.01 | )% | | $ | 293 | | | | 173 | % | |
Year Ended July 31, 2022 | | $ | 72.87 | | | | (6.25 | )% | | | 2.88 | % | | | 2.78 | % | | | (1.48 | )% | | $ | 241 | | | | 142 | % | |
Year Ended July 31, 2021(c) | | $ | 81.66 | | | | 53.53 | % | | | 2.88 | % | | | 2.78 | % | | | (1.40 | )% | | $ | 441 | | | | 209 | % | |
Year Ended July 31, 2020(c) | | $ | 53.19 | | | | 13.53 | % | | | 3.08 | % | | | 2.78 | % | | | (0.56 | )% | | $ | 457 | | | | 162 | % | |
Energy UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 46.17 | | | | 9.09 | % | | | 1.58 | % | | | 1.57 | % | | | 2.17 | % | | $ | 23,691 | | | | 158 | % | |
Year Ended July 31, 2023 | | $ | 42.69 | | | | 14.73 | % | | | 1.58 | % | | | 1.58 | % | | | 2.13 | % | | $ | 32,584 | | | | 208 | % | |
Year Ended July 31, 2022 | | $ | 38.26 | | | | 100.88 | % | | | 1.51 | % | | | 1.51 | % | | | 1.47 | % | | $ | 42,754 | | | | 117 | % | |
Year Ended July 31, 2021 | | $ | 19.35 | | | | 64.47 | % | | | 1.64 | % | | | 1.64 | % | | | 1.36 | % | | $ | 29,753 | | | | 239 | % | |
Year Ended July 31, 2020 | | $ | 11.97 | | | | (58.57 | )% | | | 1.87 | % | | | 1.87 | % | | | 1.61 | % | | $ | 11,544 | | | | 40 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 39.14 | | | | 8.00 | % | | | 2.58 | % | | | 2.57 | % | | | 1.17 | % | | $ | 1,190 | | | | 158 | % | |
Year Ended July 31, 2023 | | $ | 36.24 | | | | 13.56 | % | | | 2.58 | % | | | 2.58 | % | | | 1.13 | % | | $ | 1,164 | | | | 208 | % | |
Year Ended July 31, 2022 | | $ | 32.52 | | | | 98.87 | % | | | 2.51 | % | | | 2.51 | % | | | 0.47 | % | | $ | 2,284 | | | | 117 | % | |
Year Ended July 31, 2021 | | $ | 16.49 | | | | 62.71 | % | | | 2.64 | % | | | 2.64 | % | | | 0.36 | % | | $ | 1,395 | | | | 239 | % | |
Year Ended July 31, 2020 | | $ | 10.27 | | | | (58.92 | )% | | | 2.87 | % | | | 2.87 | % | | | 0.61 | % | | $ | 626 | | | | 40 | % | |
(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) 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 :: 251
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, 2024 | | $ | 13.91 | | | | 0.35 | | | | 1.87 | | | | 2.22 | | | | (0.23 | ) | | | (0.23 | ) | |
Year Ended July 31, 2023 | | $ | 12.98 | | | | 0.28 | | | | 1.12 | | | | 1.40 | | | | (0.47 | ) | | | (0.47 | ) | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 15.22 | | | | 0.18 | | | | 2.07 | | | | 2.25 | | | | (0.08 | ) | | | (0.08 | ) | |
Year Ended July 31, 2023 | | $ | 14.05 | | | | 0.14 | | | | 1.22 | | | | 1.36 | | | | (0.19 | ) | | | (0.19 | ) | |
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 | ) | | | — | | | | — | | |
Falling U.S. Dollar ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 14.36 | | | | 0.48 | | | | (0.58 | ) | | | (0.10 | ) | | | (0.36 | ) | | | (0.36 | ) | |
Year Ended July 31, 2023 | | $ | 13.81 | | | | 0.33 | | | | 0.22 | | | | 0.55 | | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 16.23 | | | | (0.23 | ) | | | (2.19 | ) | | | (2.42 | ) | | | — | | | | — | | |
Year Ended July 31, 2021 | | $ | 16.41 | | | | (0.29 | ) | | | 0.11 | | | | (0.18 | ) | | | — | | | | — | | |
Year Ended July 31, 2020 | | $ | 15.97 | | | | (0.12 | ) | | | 0.56 | | | | 0.44 | | | | — | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 12.76 | | | | 0.36 | | | | (0.52 | ) | | | (0.16 | ) | | | (0.26 | ) | | | (0.26 | ) | |
Year Ended July 31, 2023 | | $ | 12.44 | | | | 0.21 | | | | 0.11 | | | | 0.32 | | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 14.71 | | | | (0.37 | ) | | | (1.90 | ) | | | (2.27 | ) | | | — | | | | — | | |
Year Ended July 31, 2021 | | $ | 15.05 | | | | (0.44 | ) | | | 0.10 | | | | (0.34 | ) | | | — | | | | — | | |
Year Ended July 31, 2020 | | $ | 14.81 | | | | (0.27 | ) | | | 0.51 | | | | 0.24 | | | | — | | | | — | | |
| | | | | 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) | |
Europe 30 ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 15.90 | | | | 15.96 | % | | | 2.93 | % | | | 1.78 | % | | | 2.31 | % | | $ | 3,733 | | | | 804 | % | |
Year Ended July 31, 2023 | | $ | 13.91 | | | | 10.95 | % | | | 2.85 | % | | | 1.78 | % | | | 2.12 | % | | $ | 4,431 | | | | 716 | % | |
Year Ended July 31, 2022 | | $ | 12.98 | | | | (6.25 | )% | | | 2.32 | % | | | 1.78 | % | | | 1.68 | % | | $ | 4,540 | | | | 954 | % | |
Year Ended July 31, 2021 | | $ | 13.97 | | | | 31.39 | % | | | 2.15 | % | | | 1.78 | % | | | 1.03 | % | | $ | 3,190 | | | | 522 | % | |
Year Ended July 31, 2020 | | $ | 10.91 | | | | (12.42 | )% | | | 2.20 | % | | | 1.78 | % | | | 1.35 | % | | $ | 4,306 | | | | 1,122 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 17.39 | | | | 14.77 | % | | | 3.93 | % | | | 2.78 | % | | | 1.31 | % | | $ | 481 | | | | 804 | % | |
Year Ended July 31, 2023 | | $ | 15.22 | | | | 9.82 | % | | | 3.85 | % | | | 2.78 | % | | | 1.12 | % | | $ | 207 | | | | 716 | % | |
Year Ended July 31, 2022 | | $ | 14.05 | | | | (7.11 | )% | | | 3.32 | % | | | 2.78 | % | | | 0.68 | % | | $ | 187 | | | | 954 | % | |
Year Ended July 31, 2021 | | $ | 15.25 | | | | 30.05 | % | | | 3.15 | % | | | 2.78 | % | | | 0.03 | % | | $ | 212 | | | | 522 | % | |
Year Ended July 31, 2020 | | $ | 11.90 | | | | (13.46 | )% | | | 3.20 | % | | | 2.78 | % | | | 0.35 | % | | $ | 159 | | | | 1,122 | % | |
Falling U.S. Dollar ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 13.90 | | | | (0.75 | )% | | | 5.52 | % | | | 1.78 | % | | | 3.45 | % | | $ | 1,139 | | | | — | | |
Year Ended July 31, 2023 | | $ | 14.36 | | | | 3.91 | % | | | 4.53 | % | | | 1.78 | % | | | 2.37 | % | | $ | 1,422 | | | | — | | |
Year Ended July 31, 2022 | | $ | 13.81 | | | | (14.85 | )% | | | 4.94 | % | | | 1.78 | % | | | (1.53 | )% | | $ | 750 | | | | — | | |
Year Ended July 31, 2021 | | $ | 16.23 | | | | (1.10 | )% | | | 3.20 | % | | | 1.78 | % | | | (1.77 | )% | | $ | 1,240 | | | | — | | |
Year Ended July 31, 2020 | | $ | 16.41 | | | | 2.76 | % | | | 5.66 | % | | | 1.78 | % | | | (0.78 | )% | | $ | 1,230 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 12.34 | | | | (1.41 | )% | | | 6.52 | % | | | 2.78 | % | | | 2.45 | % | | $ | 8 | | | | — | | |
Year Ended July 31, 2023 | | $ | 12.76 | | | | 2.82 | % | | | 5.53 | % | | | 2.78 | % | | | 1.37 | % | | $ | 3 | | | | — | | |
Year Ended July 31, 2022 | | $ | 12.44 | | | | (15.80 | )% | | | 5.94 | % | | | 2.78 | % | | | (2.53 | )% | | $ | 3 | | | | — | | |
Year Ended July 31, 2021 | | $ | 14.71 | | | | (2.12 | )% | | | 4.20 | % | | | 2.78 | % | | | (2.77 | )% | | $ | 2 | | | | — | | |
Year Ended July 31, 2020 | | $ | 15.05 | | | | 1.82 | % | | | 6.66 | % | | | 2.78 | % | | | (1.78 | )% | | $ | 2 | | | | — | | |
(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.
252 :: 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, 2024 | | $ | 27.73 | | | | 0.23 | | | | 9.14 | | | | 9.37 | | | | (0.08 | ) | | | — | | | | (0.08 | ) | |
Year Ended July 31, 2023 | | $ | 26.94 | | | | 0.12 | | | | 0.67 | | | | 0.79 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 32.99 | | | | (0.13 | ) | | | (3.52 | ) | | | (3.65 | ) | | | — | | | | (2.40 | )(d) | | | (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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 22.56 | | | | (0.02 | ) | | | 7.33 | | | | 7.31 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 22.14 | | | | (0.09 | ) | | | 0.51 | | | | 0.42 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 27.76 | | | | (0.40 | ) | | | (2.82 | ) | | | (3.22 | ) | | | — | | | | (2.40 | )(d) | | | (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 | ) | |
Health Care UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 98.82 | | | | 0.87 | | | | 13.75 | | | | 14.62 | | | | (0.26 | ) | | | — | | | | (0.26 | ) | |
Year Ended July 31, 2023 | | $ | 99.80 | | | | 0.46 | | | | (1.44 | ) | | | (0.98 | ) | | | — | | | | — | | | | — | | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 79.12 | | | | 0.05 | | | | 10.78 | | | | 10.83 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 80.71 | | | | (0.32 | ) | | | (1.27 | ) | | | (1.59 | ) | | | — | | | | — | | | | — | | |
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 | | | | — | | | | — | | | | — | | |
| | | | | | | 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) | |
Financials UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 37.02 | | | | 33.84 | % | | | 1.82 | % | | | 1.80 | % | | | 0.72 | % | | $ | 33,786 | | | | 178 | % | |
Year Ended July 31, 2023 | | $ | 27.73 | | | | 2.89 | %(c) | | | 2.18 | % | | | 1.89 | % | | | 0.49 | % | | $ | 4,428 | | | | 68 | % | |
Year Ended July 31, 2022 | | $ | 26.94 | | | | (12.30 | )% | | | 1.73 | % | | | 1.72 | % | | | (0.41 | )% | | $ | 5,211 | | | | 306 | % | |
Year Ended July 31, 2021 | | $ | 32.99 | | | | 72.00 | % | | | 1.79 | % | | | 1.75 | % | | | (0.38 | )% | | $ | 11,499 | | | | 650 | % | |
Year Ended July 31, 2020 | | $ | 19.18 | | | | (21.40 | )% | | | 1.87 | % | | | 1.84 | % | | | 0.13 | % | | $ | 4,239 | | | | 271 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 29.87 | | | | 32.40 | % | | | 2.82 | % | | | 2.80 | % | | | (0.28 | )% | | $ | 680 | | | | 178 | % | |
Year Ended July 31, 2023 | | $ | 22.56 | | | | 1.90 | %(c) | | | 3.18 | % | | | 2.89 | % | | | (0.51 | )% | | $ | 335 | | | | 68 | % | |
Year Ended July 31, 2022 | | $ | 22.14 | | | | (13.15 | )% | | | 2.73 | % | | | 2.72 | % | | | (1.41 | )% | | $ | 535 | | | | 306 | % | |
Year Ended July 31, 2021 | | $ | 27.76 | | | | 70.20 | % | | | 2.79 | % | | | 2.75 | % | | | (1.38 | )% | | $ | 675 | | | | 650 | % | |
Year Ended July 31, 2020 | | $ | 16.31 | | | | (22.20 | )% | | | 2.87 | % | | | 2.84 | % | | | (0.87 | )% | | $ | 443 | | | | 271 | % | |
Health Care UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 113.18 | | | | 14.83 | %(e) | | | 1.69 | % | | | 1.68 | % | | | 0.86 | % | | $ | 13,841 | | | | 55 | % | |
Year Ended July 31, 2023 | | $ | 98.82 | | | | (0.99 | )%(f) | | | 1.73 | % | | | 1.73 | % | | | 0.48 | % | | $ | 13,229 | | | | 77 | % | |
Year Ended July 31, 2022 | | $ | 99.80 | | | | (5.85 | )% | | | 1.61 | % | | | 1.61 | % | | | (0.50 | )% | | $ | 16,631 | | | | 110 | % | |
Year Ended July 31, 2021 | | $ | 106.01 | | | | 40.37 | % | | | 1.73 | % | | | 1.73 | % | | | (0.59 | )% | | $ | 40,753 | | | | 226 | % | |
Year Ended July 31, 2020 | | $ | 75.52 | | | | 22.71 | % | | | 1.78 | % | | | 1.78 | % | | | (0.28 | )% | | $ | 46,004 | | | | 201 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 89.95 | | | | 13.69 | %(e) | | | 2.69 | % | | | 2.68 | % | | | (0.14 | )% | | $ | 1,163 | | | | 55 | % | |
Year Ended July 31, 2023 | | $ | 79.12 | | | | (1.98 | )%(f) | | | 2.73 | % | | | 2.73 | % | | | (0.52 | )% | | $ | 1,153 | | | | 77 | % | |
Year Ended July 31, 2022 | | $ | 80.71 | | | | (6.79 | )% | | | 2.61 | % | | | 2.61 | % | | | (1.50 | )% | | $ | 1,075 | | | | 110 | % | |
Year Ended July 31, 2021 | | $ | 86.59 | | | | 39.03 | % | | | 2.71 | % | | | 2.71 | % | | | (1.57 | )% | | $ | 1,213 | | | | 226 | % | |
Year Ended July 31, 2020 | | $ | 62.29 | | | | 21.54 | % | | | 2.74 | % | | | 2.74 | % | | | (1.24 | )% | | $ | 1,180 | | | | 201 | % | |
(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, 2023, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.97%.
(d) Subsequent to the issuance of the July 31, 2022 financial statements, less than $0.005 of the distribution was determined to be a return of capital.
(e) During the year ended July 31, 2024, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.10%.
(f) During the year ended July 31, 2023, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.05%.
See accompanying notes to the financial statements.
Financial Highlights :: 253
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, 2024 | | $ | 52.58 | | | | 0.40 | | | | 10.52 | | | | 10.92 | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 46.85 | | | | 0.19 | | | | 5.54 | | | | 5.73 | | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 61.05 | | | | (0.40 | ) | | | (11.73 | ) | | | (12.13 | ) | | | (2.07 | )(c) | | | (2.07 | ) | |
Year Ended July 31, 2021 | | $ | 36.50 | | | | (0.44 | ) | | | 24.99 | | | | 24.55 | | | | — | | | | — | | |
Year Ended July 31, 2020(d) | | $ | 39.16 | | | | (0.09 | ) | | | (2.57 | ) | | | (2.66 | ) | | | — | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 43.81 | | | | (0.06 | ) | | | 8.62 | | | | 8.56 | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 39.45 | | | | (0.19 | ) | | | 4.55 | | | | 4.36 | | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 52.23 | | | | (0.85 | ) | | | (9.86 | ) | | | (10.71 | ) | | | (2.07 | )(c) | | | (2.07 | ) | |
Year Ended July 31, 2021 | | $ | 31.55 | | | | (0.89 | ) | | | 21.57 | | | | 20.68 | | | | — | | | | — | | |
Year Ended July 31, 2020(d) | | $ | 34.18 | | | | (0.42 | ) | | | (2.21 | ) | | | (2.63 | ) | | | — | | | | — | | |
Internet UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 36.15 | | | | (0.09 | ) | | | 5.95 | | | | 5.86 | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 28.60 | | | | (0.13 | ) | | | 7.68 | | | | 7.55 | | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 79.79 | | | | (0.68 | ) | | | (39.88 | ) | | | (40.56 | ) | | | (10.63 | ) | | | (10.63 | ) | |
Year Ended July 31, 2021(e) | | $ | 66.20 | | | | (0.95 | ) | | | 28.88 | | | | 27.93 | | | | (14.34 | ) | | | (14.34 | ) | |
Year Ended July 31, 2020(e) | | $ | 49.72 | | | | (0.46 | ) | | | 17.00 | | | | 16.54 | | | | (0.06 | ) | | | (0.06 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 23.34 | | | | (0.34 | ) | | | 3.85 | | | | 3.51 | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 18.65 | | | | (0.30 | ) | | | 4.99 | | | | 4.69 | | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 56.65 | | | | (1.05 | ) | | | (26.32 | ) | | | (27.37 | ) | | | (10.63 | ) | | | (10.63 | ) | |
Year Ended July 31, 2021(e) | | $ | 50.74 | | | | (1.49 | ) | | | 21.74 | | | | 20.25 | | | | (14.34 | ) | | | (14.34 | ) | |
Year Ended July 31, 2020(e) | | $ | 38.50 | | | | (0.83 | ) | | | 13.13 | | | | 12.30 | | | | (0.06 | ) | | | (0.06 | ) | |
| | | | | 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) | |
Industrials UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 63.50 | | | | 20.77 | % | | | 1.85 | % | | | 1.78 | % | | | 0.69 | % | | $ | 6,016 | | | | 391 | % | |
Year Ended July 31, 2023 | | $ | 52.58 | | | | 12.21 | % | | | 2.30 | % | | | 1.78 | % | | | 0.42 | % | | $ | 8,515 | | | | 264 | % | |
Year Ended July 31, 2022 | | $ | 46.85 | | | | (20.49 | )% | | | 1.88 | % | | | 1.75 | % | | | (0.70 | )% | | $ | 3,354 | | | | 174 | % | |
Year Ended July 31, 2021 | | $ | 61.05 | | | | 67.26 | % | | | 1.86 | % | | | 1.78 | % | | | (0.84 | )% | | $ | 19,362 | | | | 427 | % | |
Year Ended July 31, 2020(d) | | $ | 36.50 | | | | (6.78 | )% | | | 2.12 | % | | | 1.87 | % | | | (0.23 | )% | | $ | 4,033 | | | | 57 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 52.37 | | | | 19.54 | % | | | 2.85 | % | | | 2.78 | % | | | (0.31 | )% | | $ | 292 | | | | 391 | % | |
Year Ended July 31, 2023 | | $ | 43.81 | | | | 11.05 | % | | | 3.30 | % | | | 2.78 | % | | | (0.58 | )% | | $ | 244 | | | | 264 | % | |
Year Ended July 31, 2022 | | $ | 39.45 | | | | (21.29 | )% | | | 2.88 | % | | | 2.75 | % | | | (1.70 | )% | | $ | 276 | | | | 174 | % | |
Year Ended July 31, 2021 | | $ | 52.23 | | | | 65.58 | % | | | 2.86 | % | | | 2.78 | % | | | (1.84 | )% | | $ | 404 | | | | 427 | % | |
Year Ended July 31, 2020(d) | | $ | 31.55 | | | | (7.69 | )% | | | 3.12 | % | | | 2.87 | % | | | (1.23 | )% | | $ | 226 | | | | 57 | % | |
Internet UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 42.01 | | | | 16.21 | % | | | 1.50 | % | | | 1.49 | % | | | (0.25 | )% | | $ | 74,779 | | | | 40 | % | |
Year Ended July 31, 2023 | | $ | 36.15 | | | | 26.40 | % | | | 1.55 | % | | | 1.55 | % | | | (0.47 | )% | | $ | 84,071 | | | | 24 | % | |
Year Ended July 31, 2022 | | $ | 28.60 | | | | (57.90 | )% | | | 1.48 | % | | | 1.48 | % | | | (1.28 | )% | | $ | 76,762 | | | | 26 | % | |
Year Ended July 31, 2021(e) | | $ | 79.79 | | | | 45.51 | % | | | 1.52 | % | | | 1.52 | % | | | (1.34 | )% | | $ | 224,716 | | | | 55 | % | |
Year Ended July 31, 2020(e) | | $ | 66.20 | | | | 33.31 | % | | | 1.60 | % | | | 1.60 | % | | | (0.97 | )% | | $ | 206,228 | | | | 59 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 26.85 | | | | 15.04 | % | | | 2.50 | % | | | 2.49 | % | | | (1.25 | )% | | $ | 3,329 | | | | 40 | % | |
Year Ended July 31, 2023 | | $ | 23.34 | | | | 25.15 | % | | | 2.55 | % | | | 2.55 | % | | | (1.47 | )% | | $ | 4,133 | | | | 24 | % | |
Year Ended July 31, 2022 | | $ | 18.65 | | | | (58.32 | )% | | | 2.48 | % | | | 2.48 | % | | | (2.28 | )% | | $ | 3,642 | | | | 26 | % | |
Year Ended July 31, 2021(e) | | $ | 56.65 | | | | 44.07 | % | | | 2.52 | % | | | 2.52 | % | | | (2.34 | )% | | $ | 14,190 | | | | 55 | % | |
Year Ended July 31, 2020(e) | | $ | 50.74 | | | | 32.01 | % | | | 2.60 | % | | | 2.60 | % | | | (1.97 | )% | | $ | 9,906 | | | | 59 | % | |
(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) Subsequent to the issuance of the July 31, 2022 financial statements, less than $0.005 of the distribution was determined to be a return of capital.
(d) As described in Note 9, share amounts have been adjusted for 3:1 share split that occurred on November 18, 2019.
(e) 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.
254 :: 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, 2024 | | $ | 134.24 | | | | (1.23 | ) | | | 33.62 | | | | 32.39 | | | | — | | | | (2.12 | ) | | | (2.12 | ) | |
Year Ended July 31, 2023 | | $ | 129.16 | | | | (0.70 | ) | | | 7.93 | | | | 7.23 | | | | — | | | | (2.15 | ) | | | (2.15 | ) | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 105.66 | | | | (2.35 | ) | | | 26.45 | | | | 24.10 | | | | — | | | | (2.12 | ) | | | (2.12 | ) | |
Year Ended July 31, 2023 | | $ | 103.18 | | | | (1.63 | ) | | | 6.26 | | | | 4.63 | | | | — | | | | (2.15 | ) | | | (2.15 | ) | |
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 | ) | |
Large-Cap Value ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 94.45 | | | | 0.31 | | | | 13.27 | | | | 13.58 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 82.34 | | | | 0.15 | | | | 12.10 | | | | 12.25 | | | | (0.14 | ) | | | — | | | | (0.14 | ) | |
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 | ) | | | — | | | | — | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 81.71 | | | | (0.53 | ) | | | 11.33 | | | | 10.80 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 71.84 | | | | (0.58 | ) | | | 10.45 | | | | 9.87 | | | | — | | | | — | | | | — | | |
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 | ) | | | — | | | | — | | | | — | | |
| | | | | | | 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) | |
Large-Cap Growth ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 164.51 | | | | 24.47 | % | | | 1.73 | % | | | 1.73 | % | | | (0.86 | )% | | $ | 20,990 | | | | 1,061 | % | |
Year Ended July 31, 2023 | | $ | 134.24 | | | | 5.98 | % | | | 1.82 | % | | | 1.82 | % | | | (0.60 | )% | | $ | 12,856 | | | | 322 | % | |
Year Ended July 31, 2022 | | $ | 129.16 | | | | (10.69 | )%(c) | | | 1.57 | % | | | 1.57 | % | | | (0.84 | )% | | $ | 11,048 | | | | 756 | % | |
Year Ended July 31, 2021 | | $ | 146.04 | | | | 34.95 | % | | | 1.59 | % | | | 1.59 | % | | | (0.66 | )% | | $ | 31,409 | | | | 297 | % | |
Year Ended July 31, 2020 | | $ | 111.89 | | | | 21.78 | % | | | 1.69 | % | | | 1.69 | % | | | (0.34 | )% | | $ | 50,145 | | | | 358 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 127.64 | | | | 23.23 | % | | | 2.72 | % | | | 2.72 | % | | | (1.85 | )% | | $ | 2,034 | | | | 1,061 | % | |
Year Ended July 31, 2023 | | $ | 105.66 | | | | 4.94 | % | | | 2.81 | % | | | 2.81 | % | | | (1.59 | )% | | $ | 1,179 | | | | 322 | % | |
Year Ended July 31, 2022 | | $ | 103.18 | | | | (11.56 | )%(c) | | | 2.56 | % | | | 2.56 | % | | | (1.83 | )% | | $ | 1,234 | | | | 756 | % | |
Year Ended July 31, 2021 | | $ | 118.11 | | | | 33.61 | % | | | 2.58 | % | | | 2.58 | % | | | (1.66 | )% | | $ | 1,467 | | | | 297 | % | |
Year Ended July 31, 2020 | | $ | 92.09 | | | | 20.53 | % | | | 2.69 | % | | | 2.69 | % | | | (1.34 | )% | | $ | 1,014 | | | | 358 | % | |
Large-Cap Value ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 108.03 | | | | 14.38 | % | | | 1.82 | % | | | 1.82 | % | | | 0.33 | % | | $ | 4,800 | | | | 762 | % | |
Year Ended July 31, 2023 | | $ | 94.45 | | | | 14.90 | % | | | 1.94 | % | | | 1.87 | % | | | 0.19 | % | | $ | 5,469 | | | | 647 | % | |
Year Ended July 31, 2022 | | $ | 82.34 | | | | (1.72 | )% | | | 1.65 | % | | | 1.65 | % | | | 0.45 | % | | $ | 18,196 | | | | 1,059 | % | |
Year Ended July 31, 2021 | | $ | 84.34 | | | | 33.28 | % | | | 1.71 | % | | | 1.71 | % | | | 0.63 | % | | $ | 4,334 | | | | 769 | % | |
Year Ended July 31, 2020 | | $ | 63.28 | | | | (4.55 | )% | | | 1.75 | % | | | 1.75 | % | | | 0.94 | % | | $ | 4,704 | | | | 481 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 92.51 | | | | 13.22 | % | | | 2.82 | % | | | 2.82 | % | | | (0.67 | )% | | $ | 2,375 | | | | 762 | % | |
Year Ended July 31, 2023 | | $ | 81.71 | | | | 13.72 | % | | | 2.94 | % | | | 2.87 | % | | | (0.81 | )% | | $ | 2,541 | | | | 647 | % | |
Year Ended July 31, 2022 | | $ | 71.84 | | | | (2.69 | )% | | | 2.65 | % | | | 2.65 | % | | | (0.55 | )% | | $ | 1,784 | | | | 1,059 | % | |
Year Ended July 31, 2021 | | $ | 73.84 | | | | 31.97 | % | | | 2.71 | % | | | 2.71 | % | | | (0.37 | )% | | $ | 1,855 | | | | 769 | % | |
Year Ended July 31, 2020 | | $ | 55.95 | | | | (5.54 | )% | | | 2.75 | % | | | 2.75 | % | | | (0.06 | )% | | $ | 1,421 | | | | 481 | % | |
(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 :: 255
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 | |
Materials UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 109.45 | | | | 0.91 | | | | 8.51 | | | | 9.42 | | | | (1.03 | ) | | | — | | | | (1.03 | ) | |
Year Ended July 31, 2023 | | $ | 92.29 | | | | 0.69 | | | | 16.47 | | | | 17.16 | | | | — | | | | — | | | | — | | |
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 | ) | | | — | | | | — | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 93.71 | | | | 0.03 | | | | 7.08 | | | | 7.11 | | | | (0.04 | ) | | | — | | | | (0.04 | ) | |
Year Ended July 31, 2023 | | $ | 79.82 | | | | (0.15 | ) | | | 14.04 | | | | 13.89 | | | | — | | | | — | | | | — | | |
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 | ) | | | — | | | | — | | | | — | | |
Mid-Cap Growth ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 92.40 | | | | (0.70 | ) | | | 16.53 | | | | 15.83 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 88.50 | | | | (0.60 | ) | | | 7.15 | | | | 6.55 | | | | — | | | | (2.65 | ) | | | (2.65 | ) | |
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 | | | | — | | | | — | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 68.08 | | | | (1.41 | ) | | | 12.26 | | | | 10.85 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 66.59 | | | | (1.24 | ) | | | 5.38 | | | | 4.14 | | | | — | | | | (2.65 | ) | | | (2.65 | ) | |
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 | | | | — | | | | — | | | | — | | |
| | | | | | | 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) | |
Materials UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 117.84 | | | | 8.69 | % | | | 2.05 | % | | | 1.78 | % | | | 0.87 | % | | $ | 4,985 | | | | 146 | % | |
Year Ended July 31, 2023 | | $ | 109.45 | | | | 18.58 | % | | | 2.07 | % | | | 1.82 | % | | | 0.72 | % | | $ | 8,535 | | | | 188 | % | |
Year Ended July 31, 2022 | | $ | 92.29 | | | | (9.03 | )% | | | 1.93 | % | | | 1.89 | % | | | (0.28 | )% | | $ | 4,652 | | | | 194 | % | |
Year Ended July 31, 2021 | | $ | 101.46 | | | | 61.04 | % | | | 1.82 | % | | | 1.78 | % | | | (0.19 | )% | | $ | 10,709 | | | | 698 | % | |
Year Ended July 31, 2020 | | $ | 63.17 | | | | (1.25 | )% | | | 2.43 | % | | | 1.85 | % | | | 0.15 | % | | $ | 2,897 | | | | 62 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 100.78 | | | | 7.62 | % | | | 3.05 | % | | | 2.78 | % | | | (0.13 | )% | | $ | 387 | | | | 146 | % | |
Year Ended July 31, 2023 | | $ | 93.71 | | | | 17.37 | % | | | 3.07 | % | | | 2.82 | % | | | (0.28 | )% | | $ | 961 | | | | 188 | % | |
Year Ended July 31, 2022 | | $ | 79.82 | | | | (9.91 | )% | | | 2.93 | % | | | 2.89 | % | | | (1.28 | )% | | $ | 510 | | | | 194 | % | |
Year Ended July 31, 2021 | | $ | 88.60 | | | | 59.44 | % | | | 2.82 | % | | | 2.78 | % | | | (1.19 | )% | | $ | 983 | | | | 698 | % | |
Year Ended July 31, 2020 | | $ | 55.74 | | | | (2.24 | )% | | | 3.43 | % | | | 2.85 | % | | | (0.85 | )% | | $ | 278 | | | | 62 | % | |
Mid-Cap Growth ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 108.23 | | | | 17.13 | %(c) | | | 2.00 | % | | | 1.78 | % | | | (0.75 | )% | | $ | 4,934 | | | | 650 | % | |
Year Ended July 31, 2023 | | $ | 92.40 | | | | 7.83 | % | | | 2.20 | % | | | 1.82 | % | | | (0.71 | )% | | $ | 28,388 | | | | 382 | % | |
Year Ended July 31, 2022 | | $ | 88.50 | | | | (13.02 | )% | | | 2.35 | % | | | 2.04 | %(d) | | | (1.19 | )% | | $ | 2,708 | | | | 197 | % | |
Year Ended July 31, 2021 | | $ | 128.38 | | | | 35.95 | % | | | 1.69 | % | | | 1.69 | % | | | (0.74 | )% | | $ | 3,719 | | | | 233 | % | |
Year Ended July 31, 2020 | | $ | 96.99 | | | | 3.17 | % | | | 1.77 | % | | | 1.77 | % | | | (0.88 | )% | | $ | 38,215 | | | | 457 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 78.93 | | | | 15.94 | %(c) | | | 3.00 | % | | | 2.78 | % | | | (1.75 | )% | | $ | 714 | | | | 650 | % | |
Year Ended July 31, 2023 | | $ | 68.08 | | | | 6.77 | % | | | 3.20 | % | | | 2.82 | % | | | (1.71 | )% | | $ | 543 | | | | 382 | % | |
Year Ended July 31, 2022 | | $ | 66.59 | | | | (13.90 | )% | | | 3.35 | % | | | 3.04 | %(d) | | | (2.19 | )% | | $ | 522 | | | | 197 | % | |
Year Ended July 31, 2021 | | $ | 104.06 | | | | 34.61 | % | | | 2.69 | % | | | 2.69 | % | | | (1.74 | )% | | $ | 782 | | | | 233 | % | |
Year Ended July 31, 2020 | | $ | 79.88 | | | | 2.12 | % | | | 2.77 | % | | | 2.77 | % | | | (1.88 | )% | | $ | 780 | | | | 457 | % | |
(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, 2024, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.07%.
(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.
256 :: 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 ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 110.42 | | | | 0.90 | | | | 13.56 | | | | 14.46 | | | | — | (c) | | | — | | | | — | (c) | |
Year Ended July 31, 2023 | | $ | 102.00 | | | | 0.42 | | | | 8.00 | (e) | | | 8.42 | | | | — | | | | — | | | | — | | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 86.45 | | | | 0.02 | | | | 10.34 | | | | 10.36 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 80.67 | | | | (0.38 | ) | | | 6.16 | (e) | | | 5.78 | | | | — | | | | — | | | | — | | |
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 | ) | |
Mid-Cap Value ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 101.72 | | | | 0.07 | | | | 9.61 | | | | 9.68 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 93.28 | | | | 0.06 | | | | 8.38 | (e) | | | 8.44 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 95.91 | | | | 0.19 | | | | (1.93 | ) | | | (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 | )(l) | | | — | | | | (0.31 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 80.26 | | | | (0.72 | ) | | | 7.48 | | | | 6.76 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 74.33 | | | | (0.68 | ) | | | 6.61 | (e) | | | 5.93 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 77.37 | | | | (0.57 | ) | | | (1.58 | ) | | | (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 | ) | | | — | | | | — | | | | — | | |
| | | | | | | 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) | |
Mid-Cap ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 124.88 | | | | 13.10 | %(d) | | | 1.86 | % | | | 1.78 | % | | | 0.84 | % | | $ | 5,812 | | | | 262 | % | |
Year Ended July 31, 2023 | | $ | 110.42 | | | | 8.24 | %(f) | | | 1.92 | % | | | 1.78 | % | | | 0.45 | % | | $ | 3,576 | | | | 767 | % | |
Year Ended July 31, 2022 | | $ | 102.00 | | | | (7.57 | )%(g) | | | 1.95 | % | | | 1.82 | % | | | (0.76 | )% | | $ | 3,106 | | | | 18 | % | |
Year Ended July 31, 2021 | | $ | 112.82 | | | | 43.91 | % | | | 1.83 | % | | | 1.83 | % | | | (1.06 | )% | | $ | 6,198 | | | | 107 | % | |
Year Ended July 31, 2020 | | $ | 78.62 | | | | (5.52 | )% | | | 1.97 | % | | | 1.97 | %(h) | | | (0.52 | )% | | $ | 4,207 | | | | 238 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 96.81 | | | | 11.97 | %(d) | | | 2.86 | % | | | 2.78 | % | | | (0.16 | )% | | $ | 4,707 | | | | 262 | % | |
Year Ended July 31, 2023 | | $ | 86.45 | | | | 7.16 | %(f) | | | 2.92 | % | | | 2.78 | % | | | (0.55 | )% | | $ | 781 | | | | 767 | % | |
Year Ended July 31, 2022 | | $ | 80.67 | | | | (8.47 | )%(g) | | | 2.95 | % | | | 2.82 | % | | | (1.76 | )% | | $ | 795 | | | | 18 | % | |
Year Ended July 31, 2021 | | $ | 90.61 | | | | 42.47 | % | | | 2.83 | % | | | 2.83 | % | | | (2.06 | )% | | $ | 816 | | | | 107 | % | |
Year Ended July 31, 2020 | | $ | 63.84 | | | | (6.45 | )% | | | 2.97 | % | | | 2.97 | %(h) | | | (1.52 | )% | | $ | 556 | | | | 238 | % | |
Mid-Cap Value ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 111.40 | | | | 9.52 | %(i) | | | 2.72 | % | | | 1.78 | % | | | 0.07 | % | | $ | 4,007 | | | | 238 | % | |
Year Ended July 31, 2023 | | $ | 101.72 | | | | 9.04 | %(j) | | | 2.09 | % | | | 1.78 | % | | | 0.07 | % | | $ | 2,321 | | | | 495 | % | |
Year Ended July 31, 2022 | | $ | 93.28 | | | | (1.86 | )%(k) | | | 1.85 | % | | | 1.78 | % | | | 0.21 | % | | $ | 21,740 | | | | 512 | % | |
Year Ended July 31, 2021 | | $ | 95.91 | | | | 53.86 | % | | | 1.86 | % | | | 1.78 | % | | | 0.13 | % | | $ | 4,856 | | | | 772 | % | |
Year Ended July 31, 2020 | | $ | 62.48 | | | | (14.82 | )%(m) | | | 2.10 | % | | | 1.78 | % | | | 0.29 | % | | $ | 4,189 | | | | 322 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 87.02 | | | | 8.42 | %(i) | | | 3.72 | % | | | 2.78 | % | | | (0.93 | )% | | $ | 541 | | | | 238 | % | |
Year Ended July 31, 2023 | | $ | 80.26 | | | | 7.96 | %(j) | | | 3.09 | % | | | 2.78 | % | | | (0.93 | )% | | $ | 577 | | | | 495 | % | |
Year Ended July 31, 2022 | | $ | 74.33 | | | | (2.84 | )%(k) | | | 2.85 | % | | | 2.78 | % | | | (0.79 | )% | | $ | 620 | | | | 512 | % | |
Year Ended July 31, 2021 | | $ | 77.37 | | | | 52.35 | % | | | 2.86 | % | | | 2.78 | % | | | (0.87 | )% | | $ | 649 | | | | 772 | % | |
Year Ended July 31, 2020 | | $ | 50.79 | | | | (15.67 | )%(m) | | | 3.10 | % | | | 2.78 | % | | | (0.71 | )% | | $ | 417 | | | | 322 | % | |
(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) During the year ended July 31, 2024, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.04%.
(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) During the year ended July 31, 2023, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.03%.
(g) 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%.
(h) 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.
(i) During the year ended July 31, 2024, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.21%.
(j) During the year ended July 31, 2023, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.06%.
(k) 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%.
(l) Subsequent to the issuance of the July 31, 2020 financial statements, $0.05 of the distribution was determined to be a return of capital.
(m) 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 :: 257
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 | |
Nasdaq-100 ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 137.82 | | | | 2.29 | | | | 27.08 | | | | 29.37 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 115.16 | | | | 1.45 | | | | 21.21 | | | | 22.66 | | | | — | | | | — | | | | — | | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 107.09 | | | | 1.14 | | | | 20.36 | | | | 21.50 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 90.41 | | | | 0.58 | | | | 16.10 | | | | 16.68 | | | | — | | | | — | | | | — | | |
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 | ) | |
Oil & Gas Equipment & Services UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 124.18 | | | | 0.41 | | | | 0.13 | (c) | | | 0.54 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 77.29 | | | | 0.11 | | | | 46.78 | | | | 46.89 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 61.47 | | | | (0.51 | ) | | | 16.33 | | | | 15.82 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2021(d) | | $ | 36.47 | | | | (0.47 | ) | | | 25.55 | | | | 25.08 | | | | (0.08 | ) | | | — | | | | (0.08 | ) | |
Year Ended July 31, 2020(d)(e) | | $ | 166.00 | | | | 0.20 | | | | (129.73 | ) | | | (129.53 | ) | | | — | | | | — | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 108.85 | | | | (0.55 | ) | | | (0.06 | ) | | | (0.61 | ) | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 68.41 | | | | (0.71 | ) | | | 41.15 | | | | 40.44 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 54.96 | | | | (1.20 | ) | | | 14.65 | | | | 13.45 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2021(d) | | $ | 32.90 | | | | (0.95 | ) | | | 23.01 | | | | 22.06 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2020(d)(e) | | $ | 151.47 | | | | (0.04 | ) | | | (118.53 | ) | | | (118.57 | ) | | | — | | | | — | | | | — | | |
| | | | | | | 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) | |
Nasdaq-100 ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 167.19 | | | | 21.31 | % | | | 1.54 | % | | | 1.53 | % | | | 1.58 | % | | $ | 126,080 | | | | 30 | % | |
Year Ended July 31, 2023 | | $ | 137.82 | | | | 19.68 | % | | | 1.52 | % | | | 1.52 | % | | | 1.32 | % | | $ | 125,665 | | | | 136 | % | |
Year Ended July 31, 2022 | | $ | 115.16 | | | | (15.20 | )% | | | 1.46 | % | | | 1.46 | % | | | (0.97 | )% | | $ | 48,382 | | | | 635 | % | |
Year Ended July 31, 2021 | | $ | 139.20 | | | | 35.07 | % | | | 1.48 | % | | | 1.48 | % | | | (1.01 | )% | | $ | 153,313 | | | | 440 | % | |
Year Ended July 31, 2020 | | $ | 104.21 | | | | 36.83 | % | | | 1.56 | % | | | 1.56 | % | | | (0.65 | )% | | $ | 108,633 | | | | 39 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 128.59 | | | | 20.08 | % | | | 2.54 | % | | | 2.53 | % | | | 0.58 | % | | $ | 10,084 | | | | 30 | % | |
Year Ended July 31, 2023 | | $ | 107.09 | | | | 18.44 | % | | | 2.52 | % | | | 2.52 | % | | | 0.32 | % | | $ | 7,960 | | | | 136 | % | |
Year Ended July 31, 2022 | | $ | 90.41 | | | | (16.03 | )% | | | 2.46 | % | | | 2.46 | % | | | (1.97 | )% | | $ | 6,964 | | | | 635 | % | |
Year Ended July 31, 2021 | | $ | 111.10 | | | | 33.74 | % | | | 2.48 | % | | | 2.48 | % | | | (2.01 | )% | | $ | 7,473 | | | | 440 | % | |
Year Ended July 31, 2020 | | $ | 84.23 | | | | 35.48 | % | | | 2.55 | % | | | 2.55 | % | | | (1.64 | )% | | $ | 8,412 | | | | 39 | % | |
Oil & Gas Equipment & Services UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 124.72 | | | | 0.43 | % | | | 1.69 | % | | | 1.69 | % | | | 0.38 | % | | $ | 14,487 | | | | 217 | % | |
Year Ended July 31, 2023 | | $ | 124.18 | | | | 60.67 | % | | | 1.68 | % | | | 1.68 | % | | | 0.12 | % | | $ | 14,708 | | | | 255 | % | |
Year Ended July 31, 2022 | | $ | 77.29 | | | | 25.74 | % | | | 1.65 | % | | | 1.65 | % | | | (0.69 | )% | | $ | 13,020 | | | | 218 | % | |
Year Ended July 31, 2021(d) | | $ | 61.47 | | | | 68.77 | % | | | 1.73 | % | | | 1.71 | % | | | (0.80 | )% | | $ | 15,229 | | | | 727 | % | |
Year Ended July 31, 2020(d)(e) | | $ | 36.47 | | | | (78.03 | )% | | | 2.12 | % | | | 1.86 | % | | | 0.73 | % | | $ | 9,408 | | | | 396 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 108.24 | | | | (0.55 | )% | | | 2.69 | % | | | 2.69 | % | | | (0.62 | )% | | $ | 88 | | | | 217 | % | |
Year Ended July 31, 2023 | | $ | 108.85 | | | | 59.09 | % | | | 2.68 | % | | | 2.68 | % | | | (0.88 | )% | | $ | 3,223 | | | | 255 | % | |
Year Ended July 31, 2022 | | $ | 68.41 | | | | 24.49 | % | | | 2.65 | % | | | 2.65 | % | | | (1.69 | )% | | $ | 1,247 | | | | 218 | % | |
Year Ended July 31, 2021(d) | | $ | 54.96 | | | | 67.15 | % | | | 2.73 | % | | | 2.71 | % | | | (1.80 | )% | | $ | 621 | | | | 727 | % | |
Year Ended July 31, 2020(d)(e) | | $ | 32.90 | | | | (78.28 | )% | | | 3.12 | % | | | 2.86 | % | | | (0.27 | )% | | $ | 353 | | | | 396 | % | |
(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.
(e) As described in Note 9, share amounts have been adjusted for 1:8 reverse share split that occurred on November 18, 2019.
See accompanying notes to the financial statements.
258 :: 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, 2024 | | $ | 27.07 | | | | 0.20 | | | | (1.55 | ) | | | (1.35 | ) | | | (0.12 | ) | | | — | | | | (0.12 | ) | |
Year Ended July 31, 2023 | | $ | 28.86 | | | | 0.16 | | | | (1.95 | ) | | | (1.79 | ) | | | — | | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 30.56 | | | | (0.06 | ) | | | (0.41 | ) | | | (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 | | | | — | | | | — | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 22.44 | | | | 0.01 | | | | (1.35 | ) | | | (1.34 | ) | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 24.14 | | | | (0.06 | ) | | | (1.64 | ) | | | (1.70 | ) | | | — | | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 26.02 | | | | (0.31 | ) | | | (0.34 | ) | | | (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 | | | | — | | | | — | | | | — | | |
Precious Metals UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 47.18 | | | | 0.46 | | | | 10.49 | | | | 10.95 | | | | (0.58 | ) | | | — | | | | (0.58 | ) | |
Year Ended July 31, 2023 | | $ | 40.36 | | | | 0.49 | | | | 6.33 | | | | 6.82 | | | | — | (c) | | | — | | | | — | (c) | |
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 | | | | — | | | | — | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 39.28 | | | | 0.09 | | | | 8.63 | | | | 8.72 | | | | (0.20 | ) | | | — | | | | (0.20 | ) | |
Year Ended July 31, 2023 | | $ | 33.94 | | | | 0.11 | | | | 5.23 | | | | 5.34 | | | | — | | | | — | | | | — | | |
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 | | | | — | | | | — | | | | — | | |
| | | | | | | 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) | |
Pharmaceuticals UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 25.60 | | | | (4.98 | )% | | | 2.47 | % | | | 1.78 | % | | | 0.87 | % | | $ | 2,770 | | | | 207 | % | |
Year Ended July 31, 2023 | | $ | 27.07 | | | | (6.20 | )% | | | 2.21 | % | | | 1.78 | % | | | 0.62 | % | | $ | 3,451 | | | | 272 | % | |
Year Ended July 31, 2022 | | $ | 28.86 | | | | (1.71 | )% | | | 2.13 | % | | | 1.78 | % | | | (0.20 | )% | | $ | 3,828 | | | | 185 | % | |
Year Ended July 31, 2021 | | $ | 30.56 | | | | 33.74 | % | | | 2.27 | % | | | 1.78 | % | | | (0.33 | )% | | $ | 3,961 | | | | 204 | % | |
Year Ended July 31, 2020 | | $ | 22.94 | | | | 10.55 | % | | | 2.32 | % | | | 1.84 | % | | | (0.18 | )% | | $ | 3,735 | | | | 137 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 21.10 | | | | (5.97 | )% | | | 3.47 | % | | | 2.78 | % | | | (0.13 | )% | | $ | 236 | | | | 207 | % | |
Year Ended July 31, 2023 | | $ | 22.44 | | | | (7.08 | )% | | | 3.21 | % | | | 2.78 | % | | | (0.38 | )% | | $ | 460 | | | | 272 | % | |
Year Ended July 31, 2022 | | $ | 24.14 | | | | (2.69 | )% | | | 3.13 | % | | | 2.78 | % | | | (1.20 | )% | | $ | 289 | | | | 185 | % | |
Year Ended July 31, 2021 | | $ | 26.02 | | | | 32.41 | % | | | 3.27 | % | | | 2.78 | % | | | (1.33 | )% | | $ | 318 | | | | 204 | % | |
Year Ended July 31, 2020 | | $ | 19.74 | | | | 9.48 | % | | | 3.32 | % | | | 2.84 | % | | | (1.18 | )% | | $ | 300 | | | | 137 | % | |
Precious Metals UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 57.55 | | | | 23.56 | % | | | 1.60 | % | | | 1.60 | % | | | 1.07 | % | | $ | 26,709 | | | | 204 | % | |
Year Ended July 31, 2023 | | $ | 47.18 | | | | 16.90 | % | | | 1.63 | % | | | 1.63 | % | | | 1.09 | % | | $ | 25,671 | | | | 128 | % | |
Year Ended July 31, 2022 | | $ | 40.36 | | | | (38.48 | )% | | | 1.53 | % | | | 1.53 | % | | | 0.33 | % | | $ | 18,455 | | | | 94 | % | |
Year Ended July 31, 2021 | | $ | 65.60 | | | | (27.07 | )% | | | 1.59 | % | | | 1.59 | % | | | (0.39 | )% | | $ | 35,750 | | | | 128 | % | |
Year Ended July 31, 2020 | | $ | 89.95 | | | | 118.27 | % | | | 1.64 | % | | | 1.64 | % | | | (0.73 | )% | | $ | 43,584 | | | | 148 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 47.80 | | | | 22.36 | % | | | 2.60 | % | | | 2.60 | % | | | 0.07 | % | | $ | 2,323 | | | | 204 | % | |
Year Ended July 31, 2023 | | $ | 39.28 | | | | 15.70 | % | | | 2.63 | % | | | 2.63 | % | | | 0.09 | % | | $ | 1,077 | | | | 128 | % | |
Year Ended July 31, 2022 | | $ | 33.94 | | | | (39.08 | )% | | | 2.53 | % | | | 2.53 | % | | | (0.67 | )% | | $ | 1,280 | | | | 94 | % | |
Year Ended July 31, 2021 | | $ | 55.73 | | | | (27.80 | )% | | | 2.59 | % | | | 2.59 | % | | | (1.39 | )% | | $ | 1,755 | | | | 128 | % | |
Year Ended July 31, 2020 | | $ | 77.19 | | | | 116.10 | % | | | 2.64 | % | | | 2.64 | % | | | (1.73 | )% | | $ | 1,557 | | | | 148 | % | |
(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.
See accompanying notes to the financial statements.
Financial Highlights :: 259
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, 2024 | | $ | 38.73 | | | | 0.63 | | | | 3.65 | | | | 4.28 | | | | (0.76 | ) | | | — | | | | (0.76 | ) | |
Year Ended July 31, 2023 | | $ | 50.52 | | | | 0.08 | | | | (10.40 | ) | | | (10.32 | ) | | | (0.22 | ) | | | (1.25 | ) | | | (1.47 | ) | |
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 | )(f) | | | — | | | | (1.50 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 35.96 | | | | 0.28 | | | | 3.34 | | | | 3.62 | | | | (0.38 | ) | | | — | | | | (0.38 | ) | |
Year Ended July 31, 2023 | | $ | 47.21 | | | | (0.29 | ) | | | (9.71 | ) | | | (10.00 | ) | | | — | | | | (1.25 | ) | | | (1.25 | ) | |
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 | )(f) | | | — | | | | (1.04 | ) | |
Rising Rates Opportunity ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 38.87 | | | | 1.46 | | | | 1.83 | (g) | | | 3.29 | | | | (1.84 | ) | | | — | | | | (1.84 | ) | |
Year Ended July 31, 2023 | | $ | 31.43 | | | | 0.71 | | | | 6.73 | | | | 7.44 | | | | — | | | | — | | | | — | | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 33.49 | | | | 1.09 | | | | 1.54 | (g) | | | 2.63 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 27.36 | | | | 0.39 | | | | 5.74 | | | | 6.13 | | | | — | | | | — | | | | — | | |
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 | ) | | | — | | | | — | | | | — | | |
| | | | | | | 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) | |
Real Estate UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 42.25 | | | | 11.21 | %(c) | | | 2.34 | % | | | 1.83 | % | | | 1.69 | % | | $ | 5,066 | | | | 153 | % | |
Year Ended July 31, 2023 | | $ | 38.73 | | | | (20.29 | )% | | | 2.30 | % | | | 2.10 | %(d) | | | 0.21 | % | | $ | 4,639 | | | | 75 | % | |
Year Ended July 31, 2022 | | $ | 50.52 | | | | (8.99 | )%(e) | | | 1.55 | % | | | 1.55 | % | | | (0.32 | )% | | $ | 6,793 | | | | 253 | % | |
Year Ended July 31, 2021 | | $ | 63.02 | | | | 49.23 | % | | | 1.86 | % | | | 1.81 | % | | | (0.33 | )% | | $ | 34,877 | | | | 175 | % | |
Year Ended July 31, 2020 | | $ | 42.23 | | | | (15.54 | )% | | | 1.80 | % | | | 1.79 | % | | | (0.20 | )% | | $ | 4,991 | | | | 217 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 39.20 | | | | 10.09 | %(c) | | | 3.34 | % | | | 2.83 | % | | | 0.69 | % | | $ | 334 | | | | 153 | % | |
Year Ended July 31, 2023 | | $ | 35.96 | | | | (21.07 | )% | | | 3.30 | % | | | 3.10 | %(d) | | | (0.79 | )% | | $ | 276 | | | | 75 | % | |
Year Ended July 31, 2022 | | $ | 47.21 | | | | (9.89 | )%(e) | | | 2.55 | % | | | 2.55 | % | | | (1.32 | )% | | $ | 534 | | | | 253 | % | |
Year Ended July 31, 2021 | | $ | 59.52 | | | | 47.77 | % | | | 2.86 | % | | | 2.81 | % | | | (1.33 | )% | | $ | 964 | | | | 175 | % | |
Year Ended July 31, 2020 | | $ | 40.28 | | | | (16.39 | )% | | | 2.80 | % | | | 2.79 | % | | | (0.12 | )% | | $ | 341 | | | | 217 | % | |
Rising Rates Opportunity ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 40.32 | | | | 8.89 | % | | | 1.76 | % | | | 1.75 | % | | | 3.49 | % | | $ | 8,876 | | | | — | | |
Year Ended July 31, 2023 | | $ | 38.87 | | | | 23.67 | % | | | 1.61 | % | | | 1.61 | % | | | 1.97 | % | | $ | 11,272 | | | | — | | |
Year Ended July 31, 2022 | | $ | 31.43 | | | | 24.67 | % | | | 1.52 | % | | | 1.52 | % | | | (0.96 | )% | | $ | 44,874 | | | | — | | |
Year Ended July 31, 2021 | | $ | 25.21 | | | | 15.64 | % | | | 1.71 | % | | | 1.69 | % | | | (1.68 | )% | | $ | 9,091 | | | | — | | |
Year Ended July 31, 2020 | | $ | 21.80 | | | | (37.79 | )% | | | 1.89 | % | | | 1.88 | % | | | (0.60 | )% | | $ | 6,105 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 36.12 | | | | 7.85 | % | | | 2.76 | % | | | 2.75 | % | | | 2.49 | % | | $ | 152 | | | | — | | |
Year Ended July 31, 2023 | | $ | 33.49 | | | | 22.40 | % | | | 2.61 | % | | | 2.61 | % | | | 0.97 | % | | $ | 1,593 | | | | — | | |
Year Ended July 31, 2022 | | $ | 27.36 | | | | 23.47 | % | | | 2.52 | % | | | 2.52 | % | | | (1.96 | )% | | $ | 1,173 | | | | — | | |
Year Ended July 31, 2021 | | $ | 22.15 | | | | 14.52 | % | | | 2.71 | % | | | 2.69 | % | | | (2.68 | )% | | $ | 680 | | | | — | | |
Year Ended July 31, 2020 | | $ | 19.35 | | | | (38.41 | )% | | | 2.89 | % | | | 2.88 | % | | | (1.60 | )% | | $ | 87 | | | | — | | |
(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, 2024, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.19%.
(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.
(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 0.03%.
(f) 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.
(g) 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.
260 :: 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, 2024 | | $ | 15.23 | | | | 0.53 | | | | 0.18 | (c) | | | 0.71 | | | | (0.96 | ) | | | — | | | | (0.96 | ) | |
Year Ended July 31, 2023 | | $ | 13.45 | | | | 0.29 | | | | 1.49 | | | | 1.78 | | | | — | | | | — | | | | — | | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 13.74 | | | | 0.38 | | | | 0.14 | (c) | | | 0.52 | | | | (0.45 | ) | | | — | | | | (0.45 | ) | |
Year Ended July 31, 2023 | | $ | 12.26 | | | | 0.15 | | | | 1.33 | | | | 1.48 | | | | — | | | | — | | | | — | | |
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 | ) | | | — | | | | — | | | | — | | |
Rising U.S. Dollar ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 29.83 | | | | 0.95 | | | | 1.03 | | | | 1.98 | | | | (1.38 | ) | | | — | | | | (1.38 | ) | |
Year Ended July 31, 2023 | | $ | 30.65 | | | | 0.56 | | | | (0.72 | ) | | | (0.16 | ) | | | — | | | | (0.66 | ) | | | (0.66 | ) | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 25.48 | | | | 0.69 | | | | 0.75 | | | | 1.44 | | | | (1.06 | ) | | | — | | | | (1.06 | ) | |
Year Ended July 31, 2023 | | $ | 26.56 | | | | 0.29 | | | | (0.71 | ) | | | (0.42 | ) | | | — | | | | (0.66 | ) | | | (0.66 | ) | |
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 | ) | | | — | | | | — | | | | — | | |
| | | | | | | 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) | |
Rising Rates Opportunity 10 ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 14.98 | | | | 4.94 | % | | | 3.11 | % | | | 1.78 | % | | | 3.42 | % | | $ | 1,830 | | | | — | | |
Year Ended July 31, 2023 | | $ | 15.23 | | | | 13.23 | % | | | 2.33 | % | | | 1.78 | % | | | 1.98 | % | | $ | 2,035 | | | | — | | |
Year Ended July 31, 2022 | | $ | 13.45 | | | | 9.17 | % | | | 2.62 | % | | | 1.78 | % | | | (1.31 | )% | | $ | 2,933 | | | | — | | |
Year Ended July 31, 2021 | | $ | 12.32 | | | | 2.50 | % | | | 2.69 | % | | | 1.78 | % | | | (1.77 | )% | | $ | 1,832 | | | | — | | |
Year Ended July 31, 2020 | | $ | 12.02 | | | | (14.62 | )% | | | 2.66 | % | | | 1.85 | % | | | (0.71 | )% | | $ | 1,773 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 13.81 | | | | 3.93 | % | | | 4.11 | % | | | 2.78 | % | | | 2.42 | % | | $ | 137 | | | | — | | |
Year Ended July 31, 2023 | | $ | 13.74 | | | | 12.07 | % | | | 3.33 | % | | | 2.78 | % | | | 0.98 | % | | $ | 528 | | | | — | | |
Year Ended July 31, 2022 | | $ | 12.26 | | | | 8.11 | % | | | 3.62 | % | | | 2.78 | % | | | (2.31 | )% | | $ | 762 | | | | — | | |
Year Ended July 31, 2021 | | $ | 11.34 | | | | 1.43 | % | | | 3.69 | % | | | 2.78 | % | | | (2.77 | )% | | $ | 121 | | | | — | | |
Year Ended July 31, 2020 | | $ | 11.18 | | | | (15.43 | )% | | | 3.66 | % | | | 2.85 | % | | | (1.71 | )% | | $ | 82 | | | | — | | |
Rising U.S. Dollar ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 30.43 | | | | 6.88 | % | | | 2.43 | % | | | 1.78 | % | | | 3.13 | % | | $ | 9,791 | | | | — | | |
Year Ended July 31, 2023 | | $ | 29.83 | | | | (0.52 | )% | | | 1.82 | % | | | 1.78 | % | | | 1.82 | % | | $ | 9,097 | | | | — | | |
Year Ended July 31, 2022 | | $ | 30.65 | | | | 12.85 | % | | | 1.82 | % | | | 1.78 | % | | | (1.32 | )% | | $ | 46,695 | | | | — | | |
Year Ended July 31, 2021 | | $ | 27.16 | | | | (2.97 | )% | | | 2.13 | % | | | 1.78 | % | | | (1.77 | )% | | $ | 6,264 | | | | — | | |
Year Ended July 31, 2020 | | $ | 27.99 | | | | (5.15 | )% | | | 1.97 | % | | | 1.78 | % | | | (0.82 | )% | | $ | 7,263 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 25.86 | | | | 5.92 | % | | | 3.43 | % | | | 2.78 | % | | | 2.13 | % | | $ | 50 | | | | — | | |
Year Ended July 31, 2023 | | $ | 25.48 | | | | (1.56 | )% | | | 2.82 | % | | | 2.78 | % | | | 0.82 | % | | $ | 97 | | | | — | | |
Year Ended July 31, 2022 | | $ | 26.56 | | | | 11.70 | % | | | 2.82 | % | | | 2.78 | % | | | (2.32 | )% | | $ | 182 | | | | — | | |
Year Ended July 31, 2021 | | $ | 23.77 | | | | (3.92 | )% | | | 3.13 | % | | | 2.78 | % | | | (2.77 | )% | | $ | 52 | | | | — | | |
Year Ended July 31, 2020 | | $ | 24.74 | | | | (6.07 | )% | | | 2.97 | % | | | 2.78 | % | | | (1.82 | )% | | $ | 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.
See accompanying notes to the financial statements.
Financial Highlights :: 261
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, 2024 | | $ | 160.17 | | | | 0.36 | | | | 181.34 | | | | 181.70 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 92.94 | | | | 0.43 | | | | 66.80 | | | | 67.23 | | | | — | | | | — | | | | — | | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 116.62 | | | | (1.35 | ) | | | 131.15 | | | | 129.80 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 68.34 | | | | (0.28 | ) | | | 48.56 | | | | 48.28 | | | | — | | | | — | | | | — | | |
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 | ) | |
Short Energy ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 14.95 | | | | 0.49 | | | | (1.08 | ) | | | (0.59 | ) | | | (0.57 | ) | | | — | | | | (0.57 | ) | |
Year Ended July 31, 2023 | | $ | 17.57 | | | | 0.34 | | | | (2.96 | ) | | | (2.62 | ) | | | — | | | | — | | | | — | | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 13.59 | | | | 0.36 | | | | (0.99 | ) | | | (0.63 | ) | | | (0.45 | ) | | | — | | | | (0.45 | ) | |
Year Ended July 31, 2023 | | $ | 16.20 | | | | 0.19 | | | | (2.80 | ) | | | (2.61 | ) | | | — | | | | — | | | | — | | |
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 | | | | — | | | | — | | | | — | | |
| | | | | | | 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) | |
Semiconductor UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 341.87 | | | | 113.44 | % | | | 1.49 | % | | | 1.48 | % | | | 0.15 | % | | $ | 378,352 | | | | 189 | % | |
Year Ended July 31, 2023 | | $ | 160.17 | | | | 72.32 | % | | | 1.56 | % | | | 1.56 | % | | | 0.45 | % | | $ | 127,520 | | | | 72 | % | |
Year Ended July 31, 2022 | | $ | 92.94 | | | | (17.93 | )% | | | 1.49 | % | | | 1.49 | % | | | (0.59 | )% | | $ | 64,313 | | | | 53 | % | |
Year Ended July 31, 2021 | | $ | 118.09 | | | | 85.65 | % | | | 1.58 | % | | | 1.58 | % | | | (0.63 | )% | | $ | 79,845 | | | | 70 | % | |
Year Ended July 31, 2020 | | $ | 63.61 | | | | 42.27 | % | | | 1.65 | % | | | 1.65 | % | | | 0.11 | % | | $ | 51,355 | | | | 169 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 246.42 | | | | 111.30 | % | | | 2.49 | % | | | 2.48 | % | | | (0.85 | )% | | $ | 17,049 | | | | 189 | % | |
Year Ended July 31, 2023 | | $ | 116.62 | | | | 70.62 | % | | | 2.56 | % | | | 2.56 | % | | | (0.55 | )% | | $ | 6,648 | | | | 72 | % | |
Year Ended July 31, 2022 | | $ | 68.34 | | | | (18.76 | )% | | | 2.49 | % | | | 2.49 | % | | | (1.59 | )% | | $ | 4,254 | | | | 53 | % | |
Year Ended July 31, 2021 | | $ | 88.98 | | | | 83.81 | % | | | 2.58 | % | | | 2.58 | % | | | (1.63 | )% | | $ | 5,376 | | | | 70 | % | |
Year Ended July 31, 2020 | | $ | 48.41 | | | | 40.81 | % | | | 2.65 | % | | | 2.65 | % | | | (0.89 | )% | | $ | 2,187 | | | | 169 | % | |
Short Energy ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 13.79 | | | | (4.24 | )% | | | 6.84 | % | | | 1.78 | % | | | 3.36 | % | | $ | 484 | | | | — | | |
Year Ended July 31, 2023 | | $ | 14.95 | | | | (14.91 | )% | | | 3.63 | % | | | 1.78 | % | | | 2.14 | % | | $ | 635 | | | | — | | |
Year Ended July 31, 2022 | | $ | 17.57 | | | | (46.47 | )% | | | 3.74 | % | | | 1.78 | % | | | (1.28 | )% | | $ | 2,135 | | | | — | | |
Year Ended July 31, 2021 | | $ | 32.82 | | | | (41.28 | )% | | | 3.16 | % | | | 1.78 | % | | | (1.76 | )% | | $ | 418 | | | | — | | |
Year Ended July 31, 2020 | | $ | 55.89 | | | | 19.69 | % | | | 2.84 | % | | | 1.78 | % | | | (0.84 | )% | | $ | 2,804 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 12.51 | | | | (5.23 | )% | | | 7.84 | % | | | 2.78 | % | | | 2.36 | % | | $ | 17 | | | | — | | |
Year Ended July 31, 2023 | | $ | 13.59 | | | | (15.81 | )% | | | 4.63 | % | | | 2.78 | % | | | 1.14 | % | | $ | 2 | | | | — | | |
Year Ended July 31, 2022 | | $ | 16.20 | | | | (46.97 | )% | | | 4.74 | % | | | 2.78 | % | | | (2.28 | )% | | $ | 12 | | | | — | | |
Year Ended July 31, 2021 | | $ | 30.52 | | | | (41.81 | )% | | | 4.15 | % | | | 2.77 | % | | | (2.75 | )% | | $ | 25 | | | | — | | |
Year Ended July 31, 2020 | | $ | 52.45 | | | | 18.63 | % | | | 3.84 | % | | | 2.78 | % | | | (1.84 | )% | | $ | 32 | | | | — | | |
(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.
262 :: 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 | | Net
Asset
Value,
End of
Period | |
Short Nasdaq-100 ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 60.69 | | | | 1.82 | | | | (10.17 | )(c) | | | (8.35 | ) | | | (3.65 | ) | | | (3.65 | ) | | $ | 48.69 | | |
Year Ended July 31, 2023(d) | | $ | 74.03 | | | | 1.38 | | | | (14.72 | ) | | | (13.34 | ) | | | — | | | | — | | | $ | 60.69 | | |
Year Ended July 31, 2022(d) | | $ | 71.44 | | | | (0.85 | ) | | | 3.44 | | | | 2.59 | | | | — | | | | — | | | $ | 74.03 | | |
Year Ended July 31, 2021(d) | | $ | 104.36 | | | | (1.55 | ) | | | (31.37 | ) | | | (32.92 | ) | | | — | | | | — | | | $ | 71.44 | | |
Year Ended July 31, 2020(d)(e) | | $ | 167.29 | | | | (0.90 | ) | | | (61.58 | ) | | | (62.48 | ) | | | (0.45 | ) | | | (0.45 | ) | | $ | 104.36 | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 52.72 | | | | 1.34 | | | | (9.08 | )(c) | | | (7.74 | ) | | | (2.72 | ) | | | (2.72 | ) | | $ | 42.26 | | |
Year Ended July 31, 2023(d) | | $ | 64.86 | | | | 0.71 | | | | (12.85 | ) | | | (12.14 | ) | | | — | | | | — | | | $ | 52.72 | | |
Year Ended July 31, 2022(d) | | $ | 63.39 | | | | (1.50 | ) | | | 2.97 | | | | 1.47 | | | | — | | | | — | | | $ | 64.86 | | |
Year Ended July 31, 2021(d) | | $ | 93.34 | | | | (2.30 | ) | | | (27.65 | ) | | | (29.95 | ) | | | — | | | | — | | | $ | 63.39 | | |
Year Ended July 31, 2020(d)(e) | | $ | 150.75 | | | | (1.65 | ) | | | (55.76 | ) | | | (57.41 | ) | | | — | | | | — | | | $ | 93.34 | | |
Short Precious Metals ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 14.04 | | | | 0.44 | | | | (2.50 | ) | | | (2.06 | ) | | | (2.34 | ) | | | (2.34 | ) | | $ | 9.64 | | |
Year Ended July 31, 2023 | | $ | 17.45 | | | | 0.34 | | | | (3.75 | ) | | | (3.41 | ) | | | — | | | | — | | | $ | 14.04 | | |
Year Ended July 31, 2022 | | $ | 14.83 | | | | (0.22 | ) | | | 2.84 | | | | 2.62 | | | | — | | | | — | | | $ | 17.45 | | |
Year Ended July 31, 2021 | | $ | 14.53 | | | | (0.27 | ) | | | 0.57 | | | | 0.30 | | | | — | | | | — | | | $ | 14.83 | | |
Year Ended July 31, 2020 | | $ | 32.94 | | | | (0.12 | ) | | | (18.02 | ) | | | (18.14 | ) | | | (0.27 | ) | | | (0.27 | ) | | $ | 14.53 | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 13.40 | | | | 0.31 | | | | (2.39 | ) | | | (2.08 | ) | | | (2.01 | ) | | | (2.01 | ) | | $ | 9.31 | | |
Year Ended July 31, 2023 | | $ | 16.80 | | | | 0.19 | | | | (3.59 | ) | | | (3.40 | ) | | | — | | | | — | | | $ | 13.40 | | |
Year Ended July 31, 2022 | | $ | 14.43 | | | | (0.37 | ) | | | 2.74 | | | | 2.37 | | | | — | | | | — | | | $ | 16.80 | | |
Year Ended July 31, 2021 | | $ | 14.31 | | | | (0.42 | ) | | | 0.54 | | | | 0.12 | | | | — | | | | — | | | $ | 14.43 | | |
Year Ended July 31, 2020 | | $ | 32.41 | | | | (0.36 | ) | | | (17.74 | ) | | | (18.10 | ) | | | — | | | | — | | | $ | 14.31 | | |
| | | | | Ratios to
Average Net Assets | | Supplemental
Data | |
| | | Total
Return | | Gross
Expenses | | Net
Expenses | | Net
Investment
Income
(Loss) | | Net
Assets,
End of
Period
(000's) | | Portfolio
Turnover
Rate(b) | |
Short Nasdaq-100 ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | | (14.36 | )% | | | 2.89 | % | | | 1.88 | % | | | 3.22 | % | | $ | 1,853 | | | | — | | |
Year Ended July 31, 2023(d) | | | (18.04 | )% | | | 1.78 | % | | | 1.78 | % | | | 1.77 | % | | $ | 3,051 | | | | — | | |
Year Ended July 31, 2022(d) | | | 3.64 | % | | | 1.81 | % | | | 1.78 | % | | | (1.13 | )% | | $ | 79,796 | | | | — | | |
Year Ended July 31, 2021(d) | | | (31.63 | )% | | | 2.02 | % | | | 1.78 | % | | | (1.76 | )% | | $ | 1,764 | | | | — | | |
Year Ended July 31, 2020(d)(e) | | | (37.32 | )% | | | 2.01 | % | | | 1.78 | % | | | (1.00 | )% | | $ | 2,400 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | | (15.21 | )% | | | 3.89 | % | | | 2.88 | % | | | 2.22 | % | | $ | 112 | | | | — | | |
Year Ended July 31, 2023(d) | | | (18.72 | )% | | | 2.78 | % | | | 2.78 | % | | | 0.77 | % | | $ | 86 | | | | — | | |
Year Ended July 31, 2022(d) | | | 2.29 | % | | | 2.81 | % | | | 2.78 | % | | | (2.13 | )% | | $ | 241 | | | | — | | |
Year Ended July 31, 2021(d) | | | (32.26 | )% | | | 3.02 | % | | | 2.78 | % | | | (2.76 | )% | | $ | 111 | | | | — | | |
Year Ended July 31, 2020(d)(e) | | | (37.93 | )% | | | 3.01 | % | | | 2.78 | % | | | (2.00 | )% | | $ | 320 | | | | — | | |
Short Precious Metals ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | | (17.68 | )% | | | 2.32 | % | | | 1.78 | % | | | 3.52 | % | | $ | 1,401 | | | | — | | |
Year Ended July 31, 2023 | | | (19.54 | )% | | | 2.38 | % | | | 1.78 | % | | | 2.26 | % | | $ | 3,236 | | | | — | | |
Year Ended July 31, 2022 | | | 17.67 | % | | | 2.79 | % | | | 1.78 | % | | | (1.45 | )% | | $ | 2,072 | | | | — | | |
Year Ended July 31, 2021 | | | 2.06 | % | | | 2.86 | % | | | 1.78 | % | | | (1.76 | )% | | $ | 2,144 | | | | — | | |
Year Ended July 31, 2020 | | | (55.43 | )% | | | 2.97 | % | | | 1.78 | % | | | (0.47 | )% | | $ | 1,564 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | | (18.40 | )% | | | 3.32 | % | | | 2.78 | % | | | 2.52 | % | | $ | 8 | | | | — | | |
Year Ended July 31, 2023 | | | (20.13 | )% | | | 3.38 | % | | | 2.78 | % | | | 1.26 | % | | $ | 19 | | | | — | | |
Year Ended July 31, 2022 | | | 16.35 | % | | | 3.79 | % | | | 2.78 | % | | | (2.45 | )% | | $ | 17 | | | | — | | |
Year Ended July 31, 2021 | | | 0.84 | % | | | 3.86 | % | | | 2.78 | % | | | (2.76 | )% | | $ | 14 | | | | — | | |
Year Ended July 31, 2020 | | | (55.85 | )% | | | 3.97 | % | | | 2.78 | % | | | (1.47 | )% | | $ | 65 | | | | — | | |
(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 1:5 reverse share split that occurred on March 13, 2023.
(e) 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.
Financial Highlights :: 263
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 | | Net
Asset
Value,
End of
Period | |
Short Real Estate ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 9.14 | | | | 0.32 | | | | (0.84 | ) | | | (0.52 | ) | | | (0.28 | ) | | | (0.28 | ) | | $ | 8.34 | | |
Year Ended July 31, 2023 | | $ | 8.10 | | | | 0.21 | | | | 0.83 | | | | 1.04 | | | | — | | | | — | | | $ | 9.14 | | |
Year Ended July 31, 2022 | | $ | 8.19 | | | | (0.10 | ) | | | 0.01 | | | | (0.09 | ) | | | — | | | | — | | | $ | 8.10 | | |
Year Ended July 31, 2021 | | $ | 11.45 | | | | (0.19 | ) | | | (3.07 | ) | | | (3.26 | ) | | | — | | | | — | | | $ | 8.19 | | |
Year Ended July 31, 2020 | | $ | 12.89 | | | | (0.14 | ) | | | (1.30 | ) | | | (1.44 | ) | | | — | | | | — | | | $ | 11.45 | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 7.85 | | | | 0.24 | | | | (0.76 | ) | | | (0.52 | ) | | | (0.19 | ) | | | (0.19 | ) | | $ | 7.14 | | |
Year Ended July 31, 2023 | | $ | 7.03 | | | | 0.13 | | | | 0.69 | | | | 0.82 | | | | — | | | | — | | | $ | 7.85 | | |
Year Ended July 31, 2022 | | $ | 7.19 | | | | (0.17 | ) | | | 0.01 | | | | (0.16 | ) | | | — | | | | — | | | $ | 7.03 | | |
Year Ended July 31, 2021 | | $ | 10.15 | | | | (0.28 | ) | | | (2.68 | ) | | | (2.96 | ) | | | — | | | | — | | | $ | 7.19 | | |
Year Ended July 31, 2020 | | $ | 11.53 | | | | (0.25 | ) | | | (1.13 | ) | | | (1.38 | ) | | | — | | | | — | | | $ | 10.15 | | |
Short Small-Cap ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 34.49 | | | | 1.17 | | | | (4.04 | ) | | | (2.87 | ) | | | (4.99 | ) | | | (4.99 | ) | | $ | 26.63 | | |
Year Ended July 31, 2023(c) | | $ | 37.05 | | | | 0.98 | | | | (3.54 | )(d) | | | (2.56 | ) | | | — | | | | — | | | $ | 34.49 | | |
Year Ended July 31, 2022(c) | | $ | 34.71 | | | | (0.55 | ) | | | 2.89 | | | | 2.34 | | | | — | | | | — | | | $ | 37.05 | | |
Year Ended July 31, 2021(c) | | $ | 57.13 | | | | (0.75 | ) | | | (21.67 | ) | | | (22.42 | ) | | | — | | | | — | | | $ | 34.71 | | |
Year Ended July 31, 2020(c) | | $ | 65.49 | | | | (0.65 | ) | | | (7.21 | ) | | | (7.86 | ) | | | (0.50 | ) | | | (0.50 | ) | | $ | 57.13 | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 32.09 | | | | 0.86 | | | | (3.78 | ) | | | (2.92 | ) | | | (4.65 | ) | | | (4.65 | ) | | $ | 24.52 | | |
Year Ended July 31, 2023(c) | | $ | 34.76 | | | | 0.63 | | | | (3.30 | )(d) | | | (2.67 | ) | | | — | | | | — | | | $ | 32.09 | | |
Year Ended July 31, 2022(c) | | $ | 32.93 | | | | (0.90 | ) | | | 2.73 | | | | 1.83 | | | | — | | | | — | | | $ | 34.76 | | |
Year Ended July 31, 2021(c) | | $ | 54.82 | | | | (1.15 | ) | | | (20.74 | ) | | | (21.89 | ) | | | — | | | | — | | | $ | 32.93 | | |
Year Ended July 31, 2020(c) | | $ | 62.98 | | | | (1.30 | ) | | | (6.86 | ) | | | (8.16 | ) | | | — | | | | — | | | $ | 54.82 | | |
| | | | | Ratios to
Average Net Assets | | Supplemental
Data | |
| | | Total
Return | | Gross
Expenses | | Net
Expenses | | Net
Investment
Income
(Loss) | | Net
Assets,
End of
Period
(000's) | | Portfolio
Turnover
Rate(b) | |
Short Real Estate ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | | (5.70 | )% | | | 2.98 | % | | | 1.78 | % | | | 3.49 | % | | $ | 1,153 | | | | — | | |
Year Ended July 31, 2023 | | | 12.84 | % | | | 3.19 | % | | | 1.78 | % | | | 2.29 | % | | $ | 1,817 | | | | — | | |
Year Ended July 31, 2022 | | | (1.10 | )% | | | 5.81 | % | | | 1.78 | % | | | (1.28 | )% | | $ | 1,875 | | | | — | | |
Year Ended July 31, 2021 | | | (28.47 | )% | | | 4.69 | % | | | 1.78 | % | | | (1.76 | )% | | $ | 515 | | | | — | | |
Year Ended July 31, 2020 | | | (11.17 | )% | | | 4.05 | % | | | 1.78 | % | | | (1.09 | )% | | $ | 1,720 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | | (6.63 | )% | | | 3.98 | % | | | 2.78 | % | | | 2.49 | % | | $ | 6 | | | | — | | |
Year Ended July 31, 2023 | | | 11.66 | % | | | 4.19 | % | | | 2.78 | % | | | 1.29 | % | | $ | 112 | | | | — | | |
Year Ended July 31, 2022 | | | (2.23 | )% | | | 6.81 | % | | | 2.78 | % | | | (2.28 | )% | | $ | 14 | | | | — | | |
Year Ended July 31, 2021 | | | (29.16 | )% | | | 5.69 | % | | | 2.78 | % | | | (2.76 | )% | | $ | 14 | | | | — | | |
Year Ended July 31, 2020 | | | (12.05 | )% | | | 5.05 | % | | | 2.78 | % | | | (2.09 | )% | | $ | 20 | | | | — | | |
Short Small-Cap ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | | (9.45 | )% | | | 2.71 | % | | | 1.78 | % | | | 3.44 | % | | $ | 618 | | | | — | | |
Year Ended July 31, 2023(c) | | | (6.91 | )% | | | 2.29 | % | | | 1.78 | % | | | 2.57 | % | | $ | 1,728 | | | | — | | |
Year Ended July 31, 2022(c) | | | 6.77 | % | | | 2.26 | % | | | 1.78 | % | | | (1.56 | )% | | $ | 1,412 | | | | — | | |
Year Ended July 31, 2021(c) | | | (39.23 | )% | | | 3.63 | % | | | 1.78 | % | | | (1.77 | )% | | $ | 1,089 | | | | — | | |
Year Ended July 31, 2020(c) | | | (12.09 | )% | | | 3.28 | % | | | 1.78 | % | | | (0.98 | )% | | $ | 1,802 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | | (10.39 | )% | | | 3.71 | % | | | 2.78 | % | | | 2.44 | % | | $ | 30 | | | | — | | |
Year Ended July 31, 2023(c) | | | (7.63 | )% | | | 3.29 | % | | | 2.78 | % | | | 1.57 | % | | $ | 47 | | | | — | | |
Year Ended July 31, 2022(c) | | | 5.46 | % | | | 3.26 | % | | | 2.78 | % | | | (2.56 | )% | | $ | 162 | | | | — | | |
Year Ended July 31, 2021(c) | | | (39.87 | )% | | | 4.63 | % | | | 2.78 | % | | | (2.77 | )% | | $ | 24 | | | | — | | |
Year Ended July 31, 2020(c) | | | (13.02 | )% | | | 4.28 | % | | | 2.78 | % | | | (1.98 | )% | | $ | 33 | | | | — | | |
(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 1:5 reverse share split that occurred on March 6, 2023.
(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.
See accompanying notes to the financial statements.
264 :: 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
Investments | | Total
Distributions | | Net
Asset
Value,
End of
Period | |
Small-Cap Growth ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 101.00 | | | | (0.47 | ) | | | 16.77 | | | | 16.30 | | | | (0.82 | ) | | | (0.82 | ) | | $ | 116.48 | | |
Year Ended July 31, 2023 | | $ | 102.43 | | | | (0.43 | ) | | | 2.47 | | | | 2.04 | | | | (3.47 | ) | | | (3.47 | ) | | $ | 101.00 | | |
Year Ended July 31, 2022 | | $ | 126.49 | | | | (0.96 | ) | | | (13.02 | ) | | | (13.98 | ) | | | (10.08 | ) | | | (10.08 | ) | | $ | 102.43 | | |
Year Ended July 31, 2021 | | $ | 86.21 | | | | (0.88 | ) | | | 41.16 | | | | 40.28 | | | | — | | | | — | | | $ | 126.49 | | |
Year Ended July 31, 2020 | | $ | 89.25 | | | | (0.66 | ) | | | (2.38 | ) | | | (3.04 | ) | | | — | | | | — | | | $ | 86.21 | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 76.53 | | | | (1.24 | ) | | | 12.69 | | | | 11.45 | | | | (0.82 | ) | | | (0.82 | ) | | $ | 87.16 | | |
Year Ended July 31, 2023 | | $ | 79.28 | | | | (1.17 | ) | | | 1.89 | | | | 0.72 | | | | (3.47 | ) | | | (3.47 | ) | | $ | 76.53 | | |
Year Ended July 31, 2022 | | $ | 101.09 | | | | (1.86 | ) | | | (9.87 | ) | | | (11.73 | ) | | | (10.08 | ) | | | (10.08 | ) | | $ | 79.28 | | |
Year Ended July 31, 2021 | | $ | 69.60 | | | | (1.76 | ) | | | 33.25 | | | | 31.49 | | | | — | | | | — | | | $ | 101.09 | | |
Year Ended July 31, 2020 | | $ | 72.78 | | | | (1.36 | ) | | | (1.82 | ) | | | (3.18 | ) | | | — | | | | — | | | $ | 69.60 | | |
Small-Cap ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 103.50 | | | | 1.45 | | | | 10.96 | | | | 12.41 | | | | — | | | | — | | | $ | 115.91 | | |
Year Ended July 31, 2023 | | $ | 98.02 | | | | 0.64 | | | | 4.84 | | | | 5.48 | | | | — | | | | — | | | $ | 103.50 | | |
Year Ended July 31, 2022 | | $ | 117.00 | | | | (1.20 | ) | | | (17.78 | ) | | | (18.98 | ) | | | — | | | | — | | | $ | 98.02 | | |
Year Ended July 31, 2021 | | $ | 78.58 | | | | (1.51 | ) | | | 39.93 | | | | 38.42 | | | | — | | | | — | | | $ | 117.00 | | |
Year Ended July 31, 2020 | | $ | 85.23 | | | | (0.78 | ) | | | (5.87 | ) | | | (6.65 | ) | | | — | | | | — | | | $ | 78.58 | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 83.13 | | | | 0.64 | | | | 8.41 | | | | 9.05 | | | | — | | | | — | | | $ | 92.18 | | |
Year Ended July 31, 2023 | | $ | 79.51 | | | | (0.12 | ) | | | 3.74 | | | | 3.62 | | | | — | | | | — | | | $ | 83.13 | | |
Year Ended July 31, 2022 | | $ | 95.85 | | | | (2.09 | ) | | | (14.25 | ) | | | (16.34 | ) | | | — | | | | — | | | $ | 79.51 | | |
Year Ended July 31, 2021 | | $ | 65.02 | | | | (2.40 | ) | | | 33.23 | | | | 30.83 | | | | — | | | | — | | | $ | 95.85 | | |
Year Ended July 31, 2020 | | $ | 71.24 | | | | (1.45 | ) | | | (4.77 | ) | | | (6.22 | ) | | | — | | | | — | | | $ | 65.02 | | |
| | | | | Ratios to
Average Net Assets | | Supplemental
Data | |
| | | Total
Return | | Gross
Expenses | | Net
Expenses | | Net
Investment
Income
(Loss) | | Net
Assets,
End of
Period
(000's) | | Portfolio
Turnover
Rate(b) | |
Small-Cap Growth ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | | 16.26 | %(c) | | | 2.14 | % | | | 1.78 | % | | | (0.49 | )% | | $ | 5,777 | | | | 251 | % | |
Year Ended July 31, 2023 | | | 2.38 | %(d) | | | 2.16 | % | | | 1.84 | % | | | (0.47 | )% | | $ | 3,818 | | | | 239 | % | |
Year Ended July 31, 2022 | | | (12.08 | )%(e) | | | 1.95 | % | | | 1.92 | % | | | (0.87 | )% | | $ | 9,587 | | | | 462 | % | |
Year Ended July 31, 2021 | | | 46.72 | % | | | 1.60 | % | | | 1.60 | % | | | (0.81 | )% | | $ | 9,062 | | | | 659 | % | |
Year Ended July 31, 2020 | | | (3.41 | )% | | | 1.83 | % | | | 1.83 | % | | | (0.80 | )% | | $ | 7,867 | | | | 442 | % | |
Service Class | |
Year Ended July 31, 2024 | | | 15.10 | %(c) | | | 3.14 | % | | | 2.78 | % | | | (1.49 | )% | | $ | 994 | | | | 251 | % | |
Year Ended July 31, 2023 | | | 1.38 | %(d) | | | 3.16 | % | | | 2.84 | % | | | (1.47 | )% | | $ | 485 | | | | 239 | % | |
Year Ended July 31, 2022 | | | (12.94 | )%(e) | | | 2.95 | % | | | 2.92 | % | | | (1.87 | )% | | $ | 1,235 | | | | 462 | % | |
Year Ended July 31, 2021 | | | 45.24 | % | | | 2.60 | % | | | 2.60 | % | | | (1.81 | )% | | $ | 833 | | | | 659 | % | |
Year Ended July 31, 2020 | | | (4.36 | )% | | | 2.83 | % | | | 2.83 | % | | | (1.80 | )% | | $ | 782 | | | | 442 | % | |
Small-Cap ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | | 11.99 | %(f) | | | 2.44 | % | | | 1.78 | % | | | 1.46 | % | | $ | 4,265 | | | | 641 | % | |
Year Ended July 31, 2023 | | | 5.59 | %(g) | | | 2.76 | % | | | 1.78 | % | | | 0.69 | % | | $ | 5,370 | | | | 546 | % | |
Year Ended July 31, 2022 | | | (16.22 | )%(h) | | | 2.18 | % | | | 1.78 | % | | | (1.10 | )% | | $ | 2,627 | | | | 137 | % | |
Year Ended July 31, 2021 | | | 48.89 | % | | | 2.03 | % | | | 1.81 | % | | | (1.40 | )% | | $ | 9,241 | | | | 115 | % | |
Year Ended July 31, 2020 | | | (7.80 | )%(i) | | | 2.42 | % | | | 2.07 | %(j) | | | (0.98 | )% | | $ | 3,030 | | | | 109 | % | |
Service Class | |
Year Ended July 31, 2024 | | | 10.87 | %(f) | | | 3.44 | % | | | 2.78 | % | | | 0.46 | % | | $ | 761 | | | | 641 | % | |
Year Ended July 31, 2023 | | | 4.54 | %(g) | | | 3.76 | % | | | 2.78 | % | | | (0.31 | )% | | $ | 348 | | | | 546 | % | |
Year Ended July 31, 2022 | | | (17.05 | )%(h) | | | 3.18 | % | | | 2.78 | % | | | (2.10 | )% | | $ | 320 | | | | 137 | % | |
Year Ended July 31, 2021 | | | 47.43 | % | | | 3.03 | % | | | 2.81 | % | | | (2.40 | )% | | $ | 668 | | | | 115 | % | |
Year Ended July 31, 2020 | | | (8.74 | )%(i) | | | 3.42 | % | | | 3.07 | %(j) | | | (1.98 | )% | | $ | 237 | | | | 109 | % | |
(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, 2024, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.13%.
(d) During the year ended July 31, 2023, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.21%.
(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 0.04%.
(f) During the year ended July 31, 2024, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.14%.
(g) During the year ended July 31, 2023, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.05%.
(h) 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%.
(i) 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%.
(j) 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 :: 265
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, 2024 | | $ | 103.01 | | | | 0.25 | | | | 7.66 | (c) | | | 7.91 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 100.64 | | | | (0.32 | ) | | | 4.07 | (c) | | | 3.75 | | | | — | | | | (1.38 | ) | | | (1.38 | ) | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 81.28 | | | | (0.52 | ) | | | 5.87 | (c) | | | 5.35 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 80.51 | | | | (1.08 | ) | | | 3.23 | (c) | | | 2.15 | | | | — | | | | (1.38 | ) | | | (1.38 | ) | |
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 | ) | | | — | | | | — | | | | — | | |
Technology UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 116.43 | | | | 0.37 | | | | 33.91 | | | | 34.28 | | | | — | | | | (0.47 | ) | | | (0.47 | ) | |
Year Ended July 31, 2023 | | $ | 90.44 | | | | 0.09 | | | | 25.90 | | | | 25.99 | | | | — | | | | — | | | | — | | |
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(g) | | $ | 49.47 | | | | (0.29 | ) | | | 26.27 | | | | 25.98 | | | | — | | | | — | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 91.70 | | | | (0.63 | ) | | | 26.40 | | | | 25.77 | | | | — | | | | (0.47 | ) | | | (0.47 | ) | |
Year Ended July 31, 2023 | | $ | 71.94 | | | | (0.58 | ) | | | 20.34 | | | | 19.76 | | | | — | | | | — | | | | — | | |
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(g) | | $ | 41.38 | | | | (0.75 | ) | | | 21.85 | | | | 21.10 | | | | — | | | | — | | | | — | | |
| | | | | | | 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) | |
Small-Cap Value ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 110.92 | | | | 7.68 | %(d) | | | 2.34 | % | | | 1.82 | % | | | 0.26 | % | | $ | 51,425 | | | | 915 | % | |
Year Ended July 31, 2023 | | $ | 103.01 | | | | 3.88 | %(e) | | | 2.00 | % | | | 1.98 | %(f) | | | (0.34 | )% | | $ | 2,765 | | | | 510 | % | |
Year Ended July 31, 2022 | | $ | 100.64 | | | | (3.94 | )% | | | 1.68 | % | | | 1.68 | % | | | (0.02 | )% | | $ | 8,441 | | | | 638 | % | |
Year Ended July 31, 2021 | | $ | 104.97 | | | | 62.67 | % | | | 1.61 | % | | | 1.61 | % | | | 0.12 | % | | $ | 14,775 | | | | 547 | % | |
Year Ended July 31, 2020 | | $ | 64.53 | | | | (17.55 | )% | | | 2.02 | % | | | 2.02 | %(f) | | | (0.22 | )% | | $ | 4,232 | | | | 624 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 86.63 | | | | 6.58 | %(d) | | | 3.34 | % | | | 2.82 | % | | | (0.74 | )% | | $ | 800 | | | | 915 | % | |
Year Ended July 31, 2023 | | $ | 81.28 | | | | 2.83 | %(e) | | | 3.00 | % | | | 2.98 | %(f) | | | (1.34 | )% | | $ | 520 | | | | 510 | % | |
Year Ended July 31, 2022 | | $ | 80.51 | | | | (4.90 | )% | | | 2.68 | % | | | 2.68 | % | | | (1.02 | )% | | $ | 790 | | | | 638 | % | |
Year Ended July 31, 2021 | | $ | 84.68 | | | | 61.08 | % | | | 2.61 | % | | | 2.61 | % | | | (0.88 | )% | | $ | 770 | | | | 547 | % | |
Year Ended July 31, 2020 | | $ | 52.57 | | | | (18.37 | )% | | | 3.02 | % | | | 3.02 | %(f) | | | (1.22 | )% | | $ | 320 | | | | 624 | % | |
Technology UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 150.24 | | | | 29.53 | % | | | 1.52 | % | | | 1.52 | % | | | 0.29 | % | | $ | 86,309 | | | | 116 | % | |
Year Ended July 31, 2023 | | $ | 116.43 | | | | 28.72 | % | | | 1.58 | % | | | 1.58 | % | | | 0.11 | % | | $ | 74,931 | | | | 139 | % | |
Year Ended July 31, 2022 | | $ | 90.44 | | | | (22.70 | )% | | | 1.48 | % | | | 1.48 | % | | | (0.93 | )% | | $ | 44,187 | | | | 51 | % | |
Year Ended July 31, 2021 | | $ | 124.76 | | | | 69.21 | % | | | 1.55 | % | | | 1.55 | % | | | (0.97 | )% | | $ | 95,384 | | | | 114 | % | |
Year Ended July 31, 2020(g) | | $ | 75.45 | | | | 52.51 | % | | | 1.65 | % | | | 1.65 | % | | | (0.51 | )% | | $ | 86,988 | | | | 177 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 117.00 | | | | 28.20 | % | | | 2.52 | % | | | 2.52 | % | | | (0.71 | )% | | $ | 4,488 | | | | 116 | % | |
Year Ended July 31, 2023 | | $ | 91.70 | | | | 27.45 | % | | | 2.58 | % | | | 2.58 | % | | | (0.89 | )% | | $ | 4,815 | | | | 139 | % | |
Year Ended July 31, 2022 | | $ | 71.94 | | | | (23.48 | )% | | | 2.48 | % | | | 2.48 | % | | | (1.93 | )% | | $ | 3,393 | | | | 51 | % | |
Year Ended July 31, 2021 | | $ | 101.80 | | | | 67.57 | % | | | 2.55 | % | | | 2.55 | % | | | (1.97 | )% | | $ | 6,454 | | | | 114 | % | |
Year Ended July 31, 2020(g) | | $ | 62.48 | | | | 50.97 | % | | | 2.65 | % | | | 2.65 | % | | | (1.51 | )% | | $ | 2,858 | | | | 177 | % | |
(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, 2024, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.13%.
(e) During the year ended July 31, 2023, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.06%.
(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) 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.
266 :: 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 | |
UltraBear ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 16.28 | | | | 0.52 | | | | (4.58 | ) | | | (4.06 | ) | | | (0.79 | ) | | | — | | | | (0.79 | ) | |
Year Ended July 31, 2023 | | $ | 20.70 | | | | 0.50 | | | | (4.92 | ) | | | (4.42 | ) | | | — | | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 21.42 | | | | (0.29 | ) | | | (0.43 | ) | | | (0.72 | ) | | | — | | | | — | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 43.58 | | | | (0.53 | ) | | | (21.48 | ) | | | (22.01 | ) | | | (0.15 | ) | | | — | | | | (0.15 | ) | |
Year Ended July 31, 2020(c) | | $ | 76.76 | | | | (0.52 | ) | | | (32.66 | ) | | | (33.18 | ) | | | — | | | | — | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 14.39 | | | | 0.40 | | | | (4.10 | ) | | | (3.70 | ) | | | (0.65 | ) | | | — | | | | (0.65 | ) | |
Year Ended July 31, 2023 | | $ | 18.33 | | | | 0.40 | | | | (4.34 | ) | | | (3.94 | ) | | | — | | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 19.19 | | | | (0.48 | ) | | | (0.38 | ) | | | (0.86 | ) | | | — | | | | — | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 39.25 | | | | (0.81 | ) | | | (19.25 | ) | | | (20.06 | ) | | | — | | | | — | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 69.86 | | | | (1.12 | ) | | | (29.49 | ) | | | (30.61 | ) | | | — | | | | — | | | | — | | |
UltraBull ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 94.19 | | | | 1.05 | | | | 33.03 | | | | 34.08 | | | | (0.88 | ) | | | — | | | | (0.88 | ) | |
Year Ended July 31, 2023 | | $ | 90.03 | | | | 0.54 | | | | 10.71 | | | | 11.25 | | | | (0.02 | ) | | | (7.07 | ) | | | (7.09 | ) | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 70.23 | | | | 0.31 | | | | 24.14 | | | | 24.45 | | | | (0.06 | ) | | | — | | | | (0.06 | ) | |
Year Ended July 31, 2023 | | $ | 69.92 | | | | (0.06 | ) | | | 7.44 | | | | 7.38 | | | | — | | | | (7.07 | ) | | | (7.07 | ) | |
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 | | | | — | | | | — | | | | — | | |
| | |
| |
| | 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) | |
UltraBear ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 11.43 | | | | (25.54 | )% | | | 1.87 | % | | | 1.78 | % | | | 3.55 | % | | $ | 6,076 | | | | — | | |
Year Ended July 31, 2023 | | $ | 16.28 | | | | (21.35 | )% | | | 1.82 | % | | | 1.78 | % | | | 2.44 | % | | $ | 9,454 | | | | — | | |
Year Ended July 31, 2022 | | $ | 20.70 | | | | (3.36 | )% | | | 1.97 | % | | | 1.78 | % | | | (1.40 | )% | | $ | 11,191 | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 21.42 | | | | (50.64 | )% | | | 2.08 | % | | | 1.78 | % | | | (1.77 | )% | | $ | 5,438 | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 43.58 | | | | (43.20 | )% | | | 2.04 | % | | | 1.78 | % | | | (0.80 | )% | | $ | 9,880 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 10.04 | | | | (26.25 | )% | | | 2.87 | % | | | 2.78 | % | | | 2.55 | % | | $ | 82 | | | | — | | |
Year Ended July 31, 2023 | | $ | 14.39 | | | | (21.58 | )% | | | 2.38 | % | | | 2.34 | % | | | 1.88 | % | | $ | 22 | | | | — | | |
Year Ended July 31, 2022 | | $ | 18.33 | | | | (4.43 | )% | | | 2.97 | % | | | 2.78 | % | | | (2.40 | )% | | $ | 10 | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 19.19 | | | | (51.07 | )% | | | 3.08 | % | | | 2.78 | % | | | (2.77 | )% | | $ | 14 | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 39.25 | | | | (43.81 | )% | | | 3.04 | % | | | 2.78 | % | | | (1.80 | )% | | $ | 72 | | | | — | | |
UltraBull ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 127.39 | | | | 36.18 | % | | | 1.50 | % | | | 1.49 | % | | | 1.03 | % | | $ | 142,971 | | | | 217 | % | |
Year Ended July 31, 2023 | | $ | 94.19 | | | | 15.56 | % | | | 1.52 | % | | | 1.52 | % | | | 0.69 | % | | $ | 114,312 | | | | 100 | % | |
Year Ended July 31, 2022 | | $ | 90.03 | | | | (14.96 | )% | | | 1.46 | % | | | 1.46 | % | | | (0.31 | )% | | $ | 101,714 | | | | 16 | % | |
Year Ended July 31, 2021 | | $ | 112.96 | | | | 77.44 | % | | | 1.51 | % | | | 1.51 | % | | | (0.51 | )% | | $ | 128,079 | | | | 31 | % | |
Year Ended July 31, 2020 | | $ | 72.03 | | | | 6.48 | % | | | 1.60 | % | | | 1.60 | % | | | 0.09 | % | | $ | 99,875 | | | | 151 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 94.62 | | | | 34.82 | % | | | 2.50 | % | | | 2.49 | % | | | 0.03 | % | | $ | 2,321 | | | | 217 | % | |
Year Ended July 31, 2023 | | $ | 70.23 | | | | 14.41 | % | | | 2.52 | % | | | 2.52 | % | | | (0.31 | )% | | $ | 3,754 | | | | 100 | % | |
Year Ended July 31, 2022 | | $ | 69.92 | | | | (15.80 | )% | | | 2.46 | % | | | 2.46 | % | | | (1.31 | )% | | $ | 2,036 | | | | 16 | % | |
Year Ended July 31, 2021 | | $ | 90.15 | | | | 75.68 | % | | | 2.51 | % | | | 2.51 | % | | | (1.51 | )% | | $ | 2,785 | | | | 31 | % | |
Year Ended July 31, 2020 | | $ | 59.40 | | | | 5.39 | % | | | 2.60 | % | | | 2.60 | % | | | (0.91 | )% | | $ | 1,808 | | | | 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.
(c) 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 :: 267
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 | |
UltraChina ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 35.75 | | | | 0.18 | | | | (15.56 | ) | | | (15.38 | ) | | | (0.84 | ) | | | — | | | | (0.84 | ) | |
Year Ended July 31, 2023(c) | | $ | 34.33 | | | | (0.17 | ) | | | 1.59 | | | | 1.42 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2022(c) | | $ | 118.04 | | | | (0.20 | ) | | | (83.51 | ) | | | (83.71 | ) | | | — | | | | — | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 173.10 | | | | (2.30 | ) | | | (52.76 | ) | | | (55.06 | ) | | | — | | | | — | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 114.20 | | | | (0.50 | ) | | | 59.50 | | | | 59.00 | | | | (0.10 | ) | | | — | | | | (0.10 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 30.78 | | | | (0.03 | ) | | | (13.44 | ) | | | (13.47 | ) | | | (0.50 | ) | | | — | | | | (0.50 | ) | |
Year Ended July 31, 2023(c) | | $ | 29.87 | | | | (0.44 | ) | | | 1.35 | | | | 0.91 | | | | — | | | | — | | | | — | | |
Year Ended July 31, 2022(c) | | $ | 103.68 | | | | (0.60 | ) | | | (73.21 | ) | | | (73.81 | ) | | | — | | | | — | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 153.59 | | | | (4.20 | ) | | | (45.71 | ) | | | (49.91 | ) | | | — | | | | — | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 102.33 | | | | (1.70 | ) | | | 52.96 | | | | 51.26 | | | | — | | | | — | | | | — | | |
UltraDow 30 ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 61.13 | | | | 0.78 | | | | 15.00 | | | | 15.78 | | | | (0.64 | ) | | | — | | | | (0.64 | ) | |
Year Ended July 31, 2023 | | $ | 54.64 | | | | 0.50 | | | | 5.99 | | | | 6.49 | | | | — | | | | — | | | | — | | |
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(d) | | $ | 47.25 | | | | 0.11 | | | | (7.02 | ) | | | (6.91 | ) | | | (0.30 | ) | | | (0.72 | ) | | | (1.02 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 50.88 | | | | 0.24 | | | | 12.31 | | | | 12.55 | | | | (0.22 | ) | | | — | | | | (0.22 | ) | |
Year Ended July 31, 2023 | | $ | 45.93 | | | | 0.06 | | | | 4.89 | | | | 4.95 | | | | — | | | | — | | | | — | | |
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(d) | | $ | 41.33 | | | | (0.27 | ) | | | (6.14 | ) | | | (6.41 | ) | | | — | | | | (0.72 | ) | | | (0.72 | ) | |
| | |
| |
| | 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) | |
UltraChina ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 19.53 | | | | (43.56 | )% | | | 1.77 | % | | | 1.77 | % | | | 0.76 | % | | $ | 17,094 | | | | 159 | % | |
Year Ended July 31, 2023(c) | | $ | 35.75 | | | | 4.23 | % | | | 1.81 | % | | | 1.81 | % | | | (0.59 | )% | | $ | 24,128 | | | | 222 | % | |
Year Ended July 31, 2022(c) | | $ | 34.33 | | | | (70.93 | )% | | | 1.74 | % | | | 1.74 | % | | | (0.37 | )% | | $ | 15,352 | | | | 243 | % | |
Year Ended July 31, 2021(c) | | $ | 118.04 | | | | (31.83 | )% | | | 1.67 | % | | | 1.67 | % | | | (1.05 | )% | | $ | 17,626 | | | | 255 | % | |
Year Ended July 31, 2020(c) | | $ | 173.10 | | | | 51.69 | % | | | 1.79 | % | | | 1.79 | % | | | (0.42 | )% | | $ | 14,973 | | | | 314 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 16.81 | | | | (44.14 | )% | | | 2.77 | % | | | 2.77 | % | | | (0.24 | )% | | $ | 374 | | | | 159 | % | |
Year Ended July 31, 2023(c) | | $ | 30.78 | | | | 2.94 | % | | | 2.80 | % | | | 2.80 | % | | | (1.58 | )% | | $ | 1,208 | | | | 222 | % | |
Year Ended July 31, 2022(c) | | $ | 29.87 | | | | (71.17 | )% | | | 2.74 | % | | | 2.74 | % | | | (1.37 | )% | | $ | 788 | | | | 243 | % | |
Year Ended July 31, 2021(c) | | $ | 103.68 | | | | (32.49 | )% | | | 2.67 | % | | | 2.67 | % | | | (2.05 | )% | | $ | 423 | | | | 255 | % | |
Year Ended July 31, 2020(c) | | $ | 153.59 | | | | 50.15 | % | | | 2.79 | % | | | 2.79 | % | | | (1.42 | )% | | $ | 2,654 | | | | 314 | % | |
UltraDow 30 ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 76.27 | | | | 25.95 | % | | | 1.58 | % | | | 1.57 | % | | | 1.21 | % | | $ | 37,746 | | | | 28 | % | |
Year Ended July 31, 2023 | | $ | 61.13 | | | | 11.86 | % | | | 1.62 | % | | | 1.62 | % | | | 0.94 | % | | $ | 29,992 | | | | 31 | % | |
Year Ended July 31, 2022 | | $ | 54.64 | | | | (13.07 | )% | | | 1.54 | % | | | 1.54 | % | | | (0.14 | )% | | $ | 32,075 | | | | 10 | % | |
Year Ended July 31, 2021 | | $ | 66.90 | | | | 73.58 | % | | | 1.59 | % | | | 1.59 | % | | | (0.45 | )% | | $ | 39,210 | | | | 16 | % | |
Year Ended July 31, 2020(d) | | $ | 39.32 | | | | (15.15 | )% | | | 1.72 | % | | | 1.72 | % | | | 0.26 | % | | $ | 26,124 | | | | 6 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 63.21 | | | | 24.72 | % | | | 2.57 | % | | | 2.56 | % | | | 0.22 | % | | $ | 1,659 | | | | 28 | % | |
Year Ended July 31, 2023 | | $ | 50.88 | | | | 10.75 | % | | | 2.60 | % | | | 2.60 | % | | | (0.04 | )% | | $ | 1,131 | | | | 31 | % | |
Year Ended July 31, 2022 | | $ | 45.93 | | | | (13.94 | )% | | | 2.54 | % | | | 2.54 | % | | | (1.14 | )% | | $ | 738 | | | | 10 | % | |
Year Ended July 31, 2021 | | $ | 57.42 | | | | 71.85 | % | | | 2.59 | % | | | 2.59 | % | | | (1.45 | )% | | $ | 1,203 | | | | 16 | % | |
Year Ended July 31, 2020(d) | | $ | 34.20 | | | | (15.95 | )% | | | 2.72 | % | | | 2.72 | % | | | (0.74 | )% | | $ | 648 | | | | 6 | % | |
(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 1:10 reverse share split that occurred on March 6, 2023.
(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.
268 :: 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 | |
UltraEmerging Markets ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 48.79 | | | | 0.75 | | | | (0.58 | ) | | | 0.17 | | | | (0.79 | ) | | | (0.79 | ) | |
Year Ended July 31, 2023 | | $ | 41.78 | | | | 0.74 | | | | 6.66 | | | | 7.40 | | | | (0.39 | ) | | | (0.39 | ) | |
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 | | | | — | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 43.74 | | | | 0.35 | | | | (0.58 | ) | | | (0.23 | ) | | | (0.34 | ) | | | (0.34 | ) | |
Year Ended July 31, 2023 | | $ | 37.48 | | | | 0.38 | | | | 5.88 | | | | 6.26 | | | | — | | | | — | | |
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 | | | | — | | | | — | | |
UltraInternational ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 17.61 | | | | 0.60 | | | | 1.40 | (h) | | | 2.00 | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 14.71 | | | | 0.38 | | | | 2.52 | | | | 2.90 | | | | — | | | | — | | |
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 | ) | | | — | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 15.16 | | | | 0.45 | | | | 1.06 | (h) | | | 1.51 | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 12.76 | | | | 0.25 | | | | 2.15 | | | | 2.40 | | | | — | | | | — | | |
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 | ) | | | — | | | | — | | |
| | | | | 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) | |
UltraEmerging Markets ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 48.17 | | | | 0.47 | %(c) | | | 2.10 | % | | | 1.78 | % | | | 1.70 | % | | $ | 7,422 | | | | 163 | % | |
Year Ended July 31, 2023 | | $ | 48.79 | | | | 17.98 | % | | | 2.04 | % | | | 1.82 | % | | | 1.81 | % | | $ | 8,199 | | | | 292 | % | |
Year Ended July 31, 2022 | | $ | 41.78 | | | | (47.53 | )%(d) | | | 1.99 | % | | | 1.92 | % | | | 1.00 | % | | $ | 5,666 | | | | 265 | % | |
Year Ended July 31, 2021 | | $ | 79.62 | | | | 28.02 | % | | | 1.78 | % | | | 1.77 | % | | | (0.64 | )% | | $ | 8,976 | | | | 211 | % | |
Year Ended July 31, 2020 | | $ | 62.20 | | | | 20.59 | %(f) | | | 1.94 | % | | | 1.85 | % | | | — | %(g) | | $ | 13,176 | | | | 240 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 43.17 | | | | (0.48 | )%(c) | | | 3.10 | % | | | 2.78 | % | | | 0.70 | % | | $ | 80 | | | | 163 | % | |
Year Ended July 31, 2023 | | $ | 43.74 | | | | 16.73 | % | | | 3.04 | % | | | 2.82 | % | | | 0.81 | % | | $ | 123 | | | | 292 | % | |
Year Ended July 31, 2022 | | $ | 37.48 | | | | (48.05 | )%(d) | | | 2.99 | % | | | 2.92 | % | | | — | %(g) | | $ | 95 | | | | 265 | % | |
Year Ended July 31, 2021 | | $ | 72.13 | | | | 26.78 | % | | | 2.78 | % | | | 2.77 | % | | | (1.64 | )% | | $ | 345 | | | | 211 | % | |
Year Ended July 31, 2020 | | $ | 56.90 | | | | 19.41 | %(f) | | | 2.94 | % | | | 2.85 | % | | | (1.00 | )% | | $ | 353 | | | | 240 | % | |
UltraInternational ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 19.61 | | | | 11.36 | % | | | 2.36 | % | | | 1.78 | % | | | 3.50 | % | | $ | 3,705 | | | | — | | |
Year Ended July 31, 2023 | | $ | 17.61 | | | | 19.71 | % | | | 2.27 | % | | | 1.78 | % | | | 2.49 | % | | $ | 5,184 | | | | — | | |
Year Ended July 31, 2022 | | $ | 14.71 | | | | (30.81 | )% | | | 2.82 | % | | | 1.78 | % | | | (1.55 | )% | | $ | 2,322 | | | | — | | |
Year Ended July 31, 2021 | | $ | 21.26 | | | | 61.55 | % | | | 2.31 | % | | | 1.78 | % | | | (1.76 | )% | | $ | 3,101 | | | | — | | |
Year Ended July 31, 2020 | | $ | 13.16 | | | | (15.53 | )% | | | 2.61 | % | | | 1.87 | % | | | (0.60 | )% | | $ | 4,078 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 16.67 | | | | 9.96 | % | | | 3.36 | % | | | 2.78 | % | | | 2.50 | % | | $ | 51 | | | | — | | |
Year Ended July 31, 2023 | | $ | 15.16 | | | | 18.72 | % | | | 3.27 | % | | | 2.78 | % | | | 1.49 | % | | $ | 232 | | | | — | | |
Year Ended July 31, 2022 | | $ | 12.76 | | | | (31.53 | )% | | | 3.82 | % | | | 2.78 | % | | | (2.55 | )% | | $ | 25 | | | | — | | |
Year Ended July 31, 2021 | | $ | 18.65 | | | | 60.22 | % | | | 3.31 | % | | | 2.78 | % | | | (2.76 | )% | | $ | 51 | | | | — | | |
Year Ended July 31, 2020 | | $ | 11.64 | | | | (16.38 | )% | | | 3.61 | % | | | 2.87 | % | | | (1.60 | )% | | $ | 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) During the year ended July 31, 2024, the Fund received monies related to certain nonrecurring litigation settlements. The corresponding impact to the total return was 0.32%.
(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%.
(h) 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 :: 269
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 | |
UltraJapan ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 40.37 | | | | 1.61 | | | | 13.88 | | | | 15.49 | | | | (1.29 | ) | | | (2.51 | ) | | | (3.80 | ) | |
Year Ended July 31, 2023 | | $ | 28.05 | | | | 0.66 | | | | 11.66 | | | | 12.32 | | | | — | | | | — | | | | — | | |
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 | ) | | | — | | | | — | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 32.21 | | | | 1.25 | | | | 10.73 | | | | 11.98 | | | | (1.03 | ) | | | (2.51 | ) | | | (3.54 | ) | |
Year Ended July 31, 2023 | | $ | 22.60 | | | | 0.42 | | | | 9.19 | | | | 9.61 | | | | — | | | | — | | | | — | | |
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 | ) | | | — | | | | — | | | | — | | |
UltraLatin America ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 19.16 | | | | 0.88 | | | | (4.72 | ) | | | (3.84 | ) | | | (0.88 | ) | | | — | | | | (0.88 | ) | |
Year Ended July 31, 2023 | | $ | 14.68 | | | | 1.25 | | | | 4.74 | | | | 5.99 | | | | (1.51 | ) | | | — | | | | (1.51 | ) | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 18.60 | | | | 0.71 | | | | (4.58 | ) | | | (3.87 | ) | | | (0.81 | ) | | | — | | | | (0.81 | ) | |
Year Ended July 31, 2023 | | $ | 14.20 | | | | 1.11 | | | | 4.60 | | | | 5.71 | | | | (1.31 | ) | | | — | | | | (1.31 | ) | |
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 | ) | | | — | | | | — | | | | — | | |
| | |
| |
| | 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) | |
UltraJapan ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 52.06 | | | | 37.61 | % | | | 1.77 | % | | | 1.76 | % | | | 3.36 | % | | $ | 24,157 | | | | — | | |
Year Ended July 31, 2023 | | $ | 40.37 | | | | 43.92 | % | | | 1.84 | % | | | 1.78 | % | | | 2.18 | % | | $ | 21,211 | | | | — | | |
Year Ended July 31, 2022 | | $ | 28.05 | | | | (0.05 | )% | | | 1.81 | % | | | 1.78 | % | | | (1.56 | )% | | $ | 12,750 | | | | — | | |
Year Ended July 31, 2021 | | $ | 31.75 | | | | 52.57 | % | | | 1.80 | % | | | 1.78 | % | | | (1.77 | )% | | $ | 14,600 | | | | — | | |
Year Ended July 31, 2020 | | $ | 20.81 | | | | (4.85 | )% | | | 1.94 | % | | | 1.86 | % | | | (0.77 | )% | | $ | 10,556 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 40.65 | | | | 36.31 | % | | | 2.74 | % | | | 2.73 | % | | | 2.39 | % | | $ | 176 | | | | — | | |
Year Ended July 31, 2023 | | $ | 32.21 | | | | 42.52 | % | | | 2.81 | % | | | 2.75 | % | | | 1.21 | % | | $ | 675 | | | | — | | |
Year Ended July 31, 2022 | | $ | 22.60 | | | | (1.04 | )% | | | 2.81 | % | | | 2.78 | % | | | (2.56 | )% | | $ | 115 | | | | — | | |
Year Ended July 31, 2021 | | $ | 26.53 | | | | 51.08 | % | | | 2.80 | % | | | 2.78 | % | | | (2.77 | )% | | $ | 143 | | | | — | | |
Year Ended July 31, 2020 | | $ | 17.56 | | | | (5.79 | )% | | | 2.94 | % | | | 2.86 | % | | | (1.77 | )% | | $ | 109 | | | | — | | |
UltraLatin America ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 14.44 | | | | (21.41 | )% | | | 1.90 | % | | | 1.84 | % | | | 5.10 | % | | $ | 7,225 | | | | 111 | % | |
Year Ended July 31, 2023 | | $ | 19.16 | | | | 44.70 | % | | | 1.93 | % | | | 1.93 | % | | | 8.06 | % | | $ | 11,456 | | | | 114 | % | |
Year Ended July 31, 2022 | | $ | 14.68 | | | | (18.44 | )%(c) | | | 1.73 | % | | | 1.73 | % | | | 6.86 | % | | $ | 9,583 | | | | 141 | % | |
Year Ended July 31, 2021 | | $ | 19.08 | | | | 80.78 | % | | | 1.72 | % | | | 1.72 | % | | | 1.22 | % | | $ | 15,939 | | | | 163 | % | |
Year Ended July 31, 2020 | | $ | 10.61 | | | | (66.27 | )%(d) | | | 1.71 | % | | | 1.71 | % | | | 1.46 | % | | $ | 15,724 | | | | 237 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 13.92 | | | | (22.11 | )% | | | 2.90 | % | | | 2.84 | % | | | 4.10 | % | | $ | 63 | | | | 111 | % | |
Year Ended July 31, 2023 | | $ | 18.60 | | | | 43.62 | % | | | 2.84 | % | | | 2.84 | % | | | 7.15 | % | | $ | 122 | | | | 114 | % | |
Year Ended July 31, 2022 | | $ | 14.20 | | | | (19.32 | )%(c) | | | 2.73 | % | | | 2.73 | % | | | 5.86 | % | | $ | 108 | | | | 141 | % | |
Year Ended July 31, 2021 | | $ | 18.34 | | | | 78.96 | % | | | 2.72 | % | | | 2.72 | % | | | 0.22 | % | | $ | 148 | | | | 163 | % | |
Year Ended July 31, 2020 | | $ | 10.26 | | | | (66.59 | )%(d) | | | 2.70 | % | | | 2.70 | % | | | 0.47 | % | | $ | 98 | | | | 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). 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%.
See accompanying notes to the financial statements.
270 :: 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 | |
UltraMid-Cap ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 57.42 | | | | 0.54 | | | | 11.06 | | | | 11.60 | | | | (0.34 | ) | | | — | | | | (0.34 | ) | |
Year Ended July 31, 2023 | | $ | 52.47 | | | | 0.25 | | | | 4.70 | | | | 4.95 | | | | — | | | | — | | | | — | | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 44.60 | | | | 0.09 | | | | 8.41 | | | | 8.50 | | | | (0.24 | ) | | | — | | | | (0.24 | ) | |
Year Ended July 31, 2023 | | $ | 41.17 | | | | (0.14 | ) | | | 3.57 | | | | 3.43 | | | | — | | | | — | | | | — | | |
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 | ) | |
UltraNasdaq-100 ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 73.77 | | | | 0.50 | | | | 27.59 | | | | 28.09 | | | | (0.47 | ) | | | — | | | | (0.47 | ) | |
Year Ended July 31, 2023 | | $ | 58.68 | | | | 0.19 | | | | 17.02 | | | | 17.21 | | | | — | | | | (2.12 | ) | | | (2.12 | ) | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 51.26 | | | | (0.07 | ) | | | 18.86 | | | | 18.79 | | | | — | (d) | | | — | | | | — | (d) | |
Year Ended July 31, 2023 | | $ | 42.12 | | | | (0.18 | ) | | | 11.44 | | | | 11.26 | | | | — | | | | (2.12 | ) | | | (2.12 | ) | |
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 | ) | |
| | |
| |
| | 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) | |
UltraMid-Cap ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 68.68 | | | | 20.30 | % | | | 1.57 | % | | | 1.57 | % | | | 0.97 | % | | $ | 43,236 | | | | 63 | % | |
Year Ended July 31, 2023 | | $ | 57.42 | | | | 9.41 | % | | | 1.59 | % | | | 1.59 | % | | | 0.50 | % | | $ | 38,109 | | | | 22 | % | |
Year Ended July 31, 2022 | | $ | 52.47 | | | | (17.57 | )% | | | 1.51 | % | | | 1.51 | % | | | (0.38 | )% | | $ | 43,761 | | | | 28 | % | |
Year Ended July 31, 2021 | | $ | 66.78 | | | | 103.44 | % | | | 1.53 | % | | | 1.53 | % | | | (0.62 | )% | | $ | 61,650 | | | | 40 | % | |
Year Ended July 31, 2020 | | $ | 32.83 | | | | (24.24 | )% | | | 1.66 | % | | | 1.66 | % | | | (0.12 | )% | | $ | 30,383 | | | | 63 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 52.86 | | | | 19.15 | % | | | 2.57 | % | | | 2.57 | % | | | (0.03 | )% | | $ | 4,530 | | | | 63 | % | |
Year Ended July 31, 2023 | | $ | 44.60 | | | | 8.33 | % | | | 2.59 | % | | | 2.59 | % | | | (0.50 | )% | | $ | 832 | | | | 22 | % | |
Year Ended July 31, 2022 | | $ | 41.17 | | | | (18.40 | )% | | | 2.51 | % | | | 2.51 | % | | | (1.38 | )% | | $ | 859 | | | | 28 | % | |
Year Ended July 31, 2021 | | $ | 53.58 | | | | 101.47 | % | | | 2.53 | % | | | 2.53 | % | | | (1.61 | )% | | $ | 1,231 | | | | 40 | % | |
Year Ended July 31, 2020 | | $ | 26.59 | | | | (24.99 | )% | | | 2.66 | % | | | 2.66 | % | | | (1.12 | )% | | $ | 636 | | | | 63 | % | |
UltraNasdaq-100 ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 101.39 | | | | 38.03 | % | | | 1.50 | % | | | 1.50 | % | | | 0.60 | % | | $ | 941,400 | | | | 22 | % | |
Year Ended July 31, 2023 | | $ | 73.77 | | | | 32.59 | % | | | 1.53 | % | | | 1.53 | % | | | 0.37 | % | | $ | 773,820 | | | | 60 | % | |
Year Ended July 31, 2022 | | $ | 58.68 | | | | (31.91 | )% | | | 1.47 | % | | | 1.47 | % | | | (0.87 | )% | | $ | 569,545 | | | | 51 | % | |
Year Ended July 31, 2021(c) | | $ | 99.86 | | | | 76.50 | % | | | 1.51 | % | | | 1.51 | % | | | (1.05 | )% | | $ | 1,096,713 | | | | 29 | % | |
Year Ended July 31, 2020(c) | | $ | 62.28 | | | | 67.62 | % | | | 1.59 | % | | | 1.59 | % | | | (0.58 | )% | | $ | 627,805 | | | | 20 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 70.05 | | | | 36.66 | % | | | 2.50 | % | | | 2.50 | % | | | (0.40 | )% | | $ | 20,292 | | | | 22 | % | |
Year Ended July 31, 2023 | | $ | 51.26 | | | | 31.25 | % | | | 2.53 | % | | | 2.53 | % | | | (0.63 | )% | | $ | 18,474 | | | | 60 | % | |
Year Ended July 31, 2022 | | $ | 42.12 | | | | (32.60 | )% | | | 2.47 | % | | | 2.47 | % | | | (1.87 | )% | | $ | 14,120 | | | | 51 | % | |
Year Ended July 31, 2021(c) | | $ | 76.18 | | | | 74.78 | % | | | 2.51 | % | | | 2.51 | % | | | (2.05 | )% | | $ | 23,558 | | | | 29 | % | |
Year Ended July 31, 2020(c) | | $ | 49.32 | | | | 65.95 | % | | | 2.59 | % | | | 2.59 | % | | | (1.58 | )% | | $ | 15,438 | | | | 20 | % | |
(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) Amount is less than $0.005.
See accompanying notes to the financial statements.
Financial Highlights :: 271
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 China ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 5.45 | | | | 0.24 | | | | 1.61 | | | | 1.85 | | | | (0.22 | ) | | | (0.22 | ) | |
Year Ended July 31, 2023 | | $ | 12.64 | | | | 0.24 | | | | (7.43 | ) | | | (7.19 | ) | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 17.80 | | | | (0.29 | ) | | | (4.87 | ) | | | (5.16 | ) | | | — | | | | — | | |
Year Ended July 31, 2021 | | $ | 20.11 | | | | (0.22 | ) | | | (2.09 | ) | | | (2.31 | ) | | | — | | | | — | | |
Year Ended July 31, 2020 | | $ | 47.15 | | | | (0.14 | ) | | | (26.71 | ) | | | (26.85 | ) | | | (0.19 | ) | | | (0.19 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 4.73 | | | | 0.18 | | | | 1.37 | | | | 1.55 | | | | (0.18 | ) | | | (0.18 | ) | |
Year Ended July 31, 2023 | | $ | 11.02 | | | | 0.18 | | | | (6.47 | ) | | | (6.29 | ) | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 15.63 | | | | (0.46 | ) | | | (4.15 | ) | | | (4.61 | ) | | | — | | | | — | | |
Year Ended July 31, 2021 | | $ | 17.88 | | | | (0.34 | ) | | | (1.91 | ) | | | (2.25 | ) | | | — | | | | — | | |
Year Ended July 31, 2020 | | $ | 42.12 | | | | (0.48 | ) | | | (23.76 | ) | | | (24.24 | ) | | | — | | | | — | | |
UltraShort Dow 30 ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 17.08 | | | | 0.56 | | | | (3.67 | ) | | | (3.11 | ) | | | (0.35 | ) | | | (0.35 | ) | |
Year Ended July 31, 2023 | | $ | 20.36 | | | | 0.44 | | | | (3.72 | ) | | | (3.28 | ) | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 20.44 | | | | (0.30 | ) | | | 0.22 | | | | (0.08 | ) | | | — | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 40.04 | | | | (0.49 | ) | | | (19.11 | ) | | | (19.60 | ) | | | — | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 60.15 | | | | (0.56 | ) | | | (19.35 | ) | | | (19.91 | ) | | | (0.20 | ) | | | (0.20 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 14.67 | | | | 0.42 | | | | (3.21 | ) | | | (2.79 | ) | | | (0.26 | ) | | | (0.26 | ) | |
Year Ended July 31, 2023 | | $ | 17.62 | | | | 0.28 | | | | (3.23 | ) | | | (2.95 | ) | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 17.86 | | | | (0.47 | ) | | | 0.23 | | | | (0.24 | ) | | | — | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 35.34 | | | | (0.74 | ) | | | (16.74 | ) | | | (17.48 | ) | | | — | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 53.45 | | | | (1.00 | ) | | | (17.11 | ) | | | (18.11 | ) | | | — | | | | — | | |
| | | | | 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) | |
UltraShort China ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 7.08 | | | | 34.30 | % | | | 3.25 | % | | | 1.78 | % | | | 3.51 | % | | $ | 968 | | | | — | | |
Year Ended July 31, 2023 | | $ | 5.45 | | | | (56.88 | )% | | | 3.47 | % | | | 1.78 | % | | | 2.71 | % | | $ | 3,071 | | | | — | | |
Year Ended July 31, 2022 | | $ | 12.64 | | | | (28.99 | )% | | | 2.57 | % | | | 1.78 | % | | | (1.53 | )% | | $ | 1,470 | | | | — | | |
Year Ended July 31, 2021 | | $ | 17.80 | | | | (11.49 | )% | | | 4.54 | % | | | 1.78 | % | | | (1.77 | )% | | $ | 2,341 | | | | — | | |
Year Ended July 31, 2020 | | $ | 20.11 | | | | (57.12 | )% | | | 2.83 | % | | | 1.78 | % | | | (0.37 | )% | | $ | 625 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 6.10 | | | | 32.77 | % | | | 4.20 | % | | | 2.73 | % | | | 2.56 | % | | $ | 19 | | | | — | | |
Year Ended July 31, 2023 | | $ | 4.73 | | | | (56.99 | )% | | | 4.15 | % | | | 2.46 | % | | | 2.03 | % | | $ | 3 | | | | — | | |
Year Ended July 31, 2022 | | $ | 11.02 | | | | (29.58 | )% | | | 3.57 | % | | | 2.78 | % | | | (2.53 | )% | | $ | 10 | | | | — | | |
Year Ended July 31, 2021 | | $ | 15.63 | | | | (12.52 | )% | | | 5.54 | % | | | 2.78 | % | | | (2.77 | )% | | $ | 6 | | | | — | | |
Year Ended July 31, 2020 | | $ | 17.88 | | | | (57.53 | )% | | | 3.83 | % | | | 2.78 | % | | | (1.37 | )% | | $ | 10 | | | | — | | |
UltraShort Dow 30 ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 13.62 | | | | (18.44 | )% | | | 2.76 | % | | | 1.78 | % | | | 3.53 | % | | $ | 1,916 | | | | — | | |
Year Ended July 31, 2023 | | $ | 17.08 | | | | (16.11 | )% | | | 2.70 | % | | | 1.78 | % | | | 2.26 | % | | $ | 3,001 | | | | — | | |
Year Ended July 31, 2022 | | $ | 20.36 | | | | (0.39 | )% | | | 2.65 | % | | | 1.78 | % | | | (1.48 | )% | | $ | 2,491 | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 20.44 | | | | (48.95 | )% | | | 2.47 | % | | | 1.78 | % | | | (1.77 | )% | | $ | 2,916 | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 40.04 | | | | (33.21 | )% | | | 2.17 | % | | | 1.78 | % | | | (1.01 | )% | | $ | 5,293 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 11.62 | | | | (19.23 | )% | | | 3.76 | % | | | 2.78 | % | | | 2.53 | % | | $ | 42 | | | | — | | |
Year Ended July 31, 2023 | | $ | 14.67 | | | | (16.74 | )% | | | 3.60 | % | | | 2.68 | % | | | 1.36 | % | | $ | 44 | | | | — | | |
Year Ended July 31, 2022 | | $ | 17.62 | | | | (1.34 | )% | | | 3.65 | % | | | 2.78 | % | | | (2.48 | )% | | $ | 156 | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 17.86 | | | | (49.43 | )% | | | 3.47 | % | | | 2.78 | % | | | (2.77 | )% | | $ | 111 | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 35.34 | | | | (33.91 | )% | | | 3.17 | % | | | 2.78 | % | | | (2.01 | )% | | $ | 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.
See accompanying notes to the financial statements.
272 :: 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 Emerging Markets ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 19.62 | | | | 0.73 | | | | (2.21 | ) | | | (1.48 | ) | | | (1.37 | ) | | | (1.37 | ) | |
Year Ended July 31, 2023 | | $ | 28.93 | | | | 0.63 | | | | (9.94 | ) | | | (9.31 | ) | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 23.19 | | | | (0.39 | ) | | | 6.13 | | | | 5.74 | | | | — | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 39.50 | | | | (0.45 | ) | | | (15.86 | ) | | | (16.31 | ) | | | — | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 75.75 | | | | (0.40 | ) | | | (35.57 | ) | | | (35.97 | ) | | | (0.28 | ) | | | (0.28 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 17.34 | | | | 0.55 | | | | (2.04 | ) | | | (1.49 | ) | | | (0.87 | ) | | | (0.87 | ) | |
Year Ended July 31, 2023 | | $ | 25.83 | | | | 0.39 | | | | (8.88 | ) | | | (8.49 | ) | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 20.93 | | | | (0.63 | ) | | | 5.53 | | | | 4.90 | | | | — | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 35.98 | | | | (0.69 | ) | | | (14.36 | ) | | | (15.05 | ) | | | — | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 69.37 | | | | (1.00 | ) | | | (32.39 | ) | | | (33.39 | ) | | | — | | | | — | | |
UltraShort International ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 19.74 | | | | 0.68 | | | | (2.82 | ) | | | (2.14 | ) | | | (0.74 | ) | | | (0.74 | ) | |
Year Ended July 31, 2023 | | $ | 26.52 | | | | 0.55 | | | | (7.33 | ) | | | (6.78 | ) | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 22.38 | | | | (0.34 | ) | | | 4.48 | | | | 4.14 | | | | — | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 42.06 | | | | (0.51 | ) | | | (19.17 | ) | | | (19.68 | ) | | | — | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 54.21 | | | | (0.48 | ) | | | (11.27 | ) | | | (11.75 | ) | | | (0.40 | ) | | | (0.40 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 17.32 | | | | 0.51 | | | | (2.56 | ) | | | (2.05 | ) | | | (0.43 | ) | | | (0.43 | ) | |
Year Ended July 31, 2023 | | $ | 23.51 | | | | 0.34 | | | | (6.53 | ) | | | (6.19 | ) | | | — | | | | — | | |
Year Ended July 31, 2022 | | $ | 20.04 | | | | (0.57 | ) | | | 4.04 | | | | 3.47 | | | | — | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 38.07 | | | | (0.78 | ) | | | (17.25 | ) | | | (18.03 | ) | | | — | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 49.12 | | | | (0.96 | ) | | | (10.09 | ) | | | (11.05 | ) | | | — | | | | — | | |
| | | | | 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) | |
UltraShort Emerging Markets ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 16.77 | | | | (8.31 | )% | | | 5.74 | % | | | 1.78 | % | | | 3.52 | % | | $ | 349 | | | | — | | |
Year Ended July 31, 2023 | | $ | 19.62 | | | | (32.18 | )% | | | 3.67 | % | | | 1.78 | % | | | 2.28 | % | | $ | 312 | | | | — | | |
Year Ended July 31, 2022 | | $ | 28.93 | | | | 24.75 | % | | | 3.73 | % | | | 1.78 | % | | | (1.43 | )% | | $ | 1,247 | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 23.19 | | | | (41.26 | )% | | | 5.39 | % | | | 1.78 | % | | | (1.77 | )% | | $ | 562 | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 39.50 | | | | (47.64 | )% | | | 2.90 | % | | | 1.78 | % | | | (0.60 | )% | | $ | 974 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 14.98 | | | | (9.27 | )% | | | 6.74 | % | | | 2.78 | % | | | 2.52 | % | | $ | 13 | | | | — | | |
Year Ended July 31, 2023 | | $ | 17.34 | | | | (32.86 | )% | | | 4.67 | % | | | 2.78 | % | | | 1.28 | % | | $ | 13 | | | | — | | |
Year Ended July 31, 2022 | | $ | 25.83 | | | | 23.52 | % | | | 4.73 | % | | | 2.78 | % | | | (2.43 | )% | | $ | 31 | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 20.93 | | | | (41.89 | )% | | | 6.39 | % | | | 2.78 | % | | | (2.77 | )% | | $ | 31 | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 35.98 | | | | (48.10 | )% | | | 3.90 | % | | | 2.78 | % | | | (1.60 | )% | | $ | 62 | | | | — | | |
UltraShort International ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 16.86 | | | | (11.20 | )% | | | 2.93 | % | | | 1.78 | % | | | 3.50 | % | | $ | 2,097 | | | | — | | |
Year Ended July 31, 2023 | | $ | 19.74 | | | | (25.57 | )% | | | 2.45 | % | | | 1.78 | % | | | 2.19 | % | | $ | 2,569 | | | | — | | |
Year Ended July 31, 2022 | | $ | 26.52 | | | | 18.50 | % | | | 2.60 | % | | | 1.78 | % | | | (1.41 | )% | | $ | 2,640 | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 22.38 | | | | (46.82 | )% | | | 3.13 | % | | | 1.78 | % | | | (1.77 | )% | | $ | 1,631 | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 42.06 | | | | (21.67 | )% | | | 2.83 | % | | | 1.78 | % | | | (0.95 | )% | | $ | 2,445 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 14.84 | | | | (12.25 | )% | | | 3.93 | % | | | 2.78 | % | | | 2.50 | % | | $ | 4 | | | | — | | |
Year Ended July 31, 2023 | | $ | 17.32 | | | | (26.31 | )% | | | 3.45 | % | | | 2.78 | % | | | 1.19 | % | | $ | 4 | | | | — | | |
Year Ended July 31, 2022 | | $ | 23.51 | | | | 17.30 | % | | | 3.60 | % | | | 2.78 | % | | | (2.41 | )% | | $ | 6 | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 20.04 | | | | (47.32 | )% | | | 4.14 | % | | | 2.79 | % | | | (2.78 | )% | | $ | 5 | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 38.07 | | | | (22.48 | )% | | | 3.83 | % | | | 2.78 | % | | | (1.95 | )% | | $ | 10 | | | | — | | |
(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.
See accompanying notes to the financial statements.
Financial Highlights :: 273
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 Japan ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 6.77 | | | | 0.18 | | | | (2.07 | ) | | | (1.89 | ) | | | (0.11 | ) | | | (0.11 | ) | |
Year Ended July 31, 2023 | | $ | 10.18 | | | | 0.19 | | | | (3.60 | ) | | | (3.41 | ) | | | — | | | | — | | |
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 | ) | | | — | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 5.88 | | | | 0.13 | | | | (1.84 | ) | | | (1.71 | ) | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 8.96 | | | | 0.12 | | | | (3.20 | ) | | | (3.08 | ) | | | — | | | | — | | |
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 | ) | | | — | | | | — | | |
UltraShort Latin America ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 4.98 | | | | 0.17 | | | | 0.62 | | | | 0.79 | | | | (0.11 | ) | | | (0.11 | ) | |
Year Ended July 31, 2023 | | $ | 9.18 | | | | 0.17 | | | | (4.37 | ) | | | (4.20 | ) | | | — | | | | — | | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 4.28 | | | | 0.13 | | | | 0.54 | | | | 0.67 | | | | — | | | | — | | |
Year Ended July 31, 2023 | | $ | 7.97 | | | | 0.10 | | | | (3.79 | ) | | | (3.69 | ) | | | — | | | | — | | |
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 | ) | | | — | | | | — | | |
| | | | | 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) | |
UltraShort Japan ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 4.77 | | | | (28.39 | )% | | | 5.02 | % | | | 1.78 | % | | | 3.26 | % | | $ | 1,304 | | | | — | | |
Year Ended July 31, 2023 | | $ | 6.77 | | | | (33.50 | )% | | | 7.36 | % | | | 1.78 | % | | | 2.30 | % | | $ | 961 | | | | — | | |
Year Ended July 31, 2022 | | $ | 10.18 | | | | (18.75 | )% | | | 10.76 | % | | | 1.78 | % | | | (1.54 | )% | | $ | 199 | | | | — | | |
Year Ended July 31, 2021 | | $ | 12.53 | | | | (43.63 | )% | | | 8.91 | % | | | 1.78 | % | | | (1.77 | )% | | $ | 233 | | | | — | | |
Year Ended July 31, 2020 | | $ | 22.23 | | | | (31.26 | )% | | | 4.87 | % | | | 1.78 | % | | | (0.64 | )% | | $ | 842 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 4.17 | | | | (29.03 | )% | | | 6.02 | % | | | 2.78 | % | | | 2.26 | % | | $ | — | (c) | | | — | | |
Year Ended July 31, 2023 | | $ | 5.88 | | | | (34.26 | )% | | | 8.36 | % | | | 2.78 | % | | | 1.30 | % | | $ | 1 | | | | — | | |
Year Ended July 31, 2022 | | $ | 8.96 | | | | (19.71 | )% | | | 11.76 | % | | | 2.78 | % | | | (2.54 | )% | | $ | 1 | | | | — | | |
Year Ended July 31, 2021 | | $ | 11.16 | | | | (44.23 | )% | | | 9.91 | % | | | 2.78 | % | | | (2.77 | )% | | $ | 29 | | | | — | | |
Year Ended July 31, 2020 | | $ | 19.96 | | | | (31.87 | )% | | | 5.87 | % | | | 2.78 | % | | | (1.64 | )% | | $ | 2 | | | | — | | |
UltraShort Latin America ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 5.66 | | | | 16.68 | % | | | 3.71 | % | | | 1.78 | % | | | 3.43 | % | | $ | 1,410 | | | | — | | |
Year Ended July 31, 2023 | | $ | 4.98 | | | | (45.75 | )% | | | 3.95 | % | | | 1.78 | % | | | 2.42 | % | | $ | 1,721 | | | | — | | |
Year Ended July 31, 2022 | | $ | 9.18 | | | | (10.61 | )% | | | 4.14 | % | | | 1.78 | % | | | (1.48 | )% | | $ | 1,796 | | | | — | | |
Year Ended July 31, 2021 | | $ | 10.27 | | | | (62.88 | )% | | | 3.28 | % | | | 1.78 | % | | | (1.77 | )% | | $ | 804 | | | | — | | |
Year Ended July 31, 2020 | | $ | 27.67 | | | | 0.22 | % | | | 2.31 | % | | | 1.78 | % | | | (0.87 | )% | | $ | 3,138 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 4.95 | | | | 15.65 | % | | | 4.71 | % | | | 2.78 | % | | | 2.43 | % | | $ | 85 | | | | — | | |
Year Ended July 31, 2023 | | $ | 4.28 | | | | (46.30 | )% | | | 4.95 | % | | | 2.78 | % | | | 1.42 | % | | $ | 3 | | | | — | | |
Year Ended July 31, 2022 | | $ | 7.97 | | | | (11.44 | )% | | | 5.14 | % | | | 2.78 | % | | | (2.48 | )% | | $ | 8 | | | | — | | |
Year Ended July 31, 2021 | | $ | 9.00 | | | | (63.24 | )% | | | 4.28 | % | | | 2.78 | % | | | (2.77 | )% | | $ | 9 | | | | — | | |
Year Ended July 31, 2020 | | $ | 24.48 | | | | (0.85 | )% | | | 3.31 | % | | | 2.78 | % | | | (1.87 | )% | | $ | 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) Amount is less than $0.50.
See accompanying notes to the financial statements.
274 :: 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 Mid-Cap ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 40.62 | | | | 1.40 | | | | (9.16 | ) | | | (7.76 | ) | | | (1.78 | ) | | | (1.78 | ) | |
Year Ended July 31, 2023(c) | | $ | 51.24 | | | | 1.13 | | | | (11.75 | ) | | | (10.62 | ) | | | — | | | | — | | |
Year Ended July 31, 2022(c) | | $ | 53.58 | | | | (0.80 | ) | | | (1.54 | ) | | | (2.34 | ) | | | — | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 131.61 | | | | (1.40 | ) | | | (76.63 | ) | | | (78.03 | ) | | | — | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 198.15 | | | | (2.00 | ) | | | (63.74 | ) | | | (65.74 | ) | | | (0.80 | ) | | | (0.80 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 35.10 | | | | 1.05 | | | | (8.09 | ) | | | (7.04 | ) | | | (1.22 | ) | | | (1.22 | ) | |
Year Ended July 31, 2023(c) | | $ | 44.77 | | | | 0.70 | | | | (10.37 | ) | | | (9.67 | ) | | | — | | | | — | | |
Year Ended July 31, 2022(c) | | $ | 47.28 | | | | (1.30 | ) | | | (1.21 | ) | | | (2.51 | ) | | | — | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 117.12 | | | | (2.10 | ) | | | (67.74 | ) | | | (69.84 | ) | | | — | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 177.19 | | | | (3.70 | ) | | | (56.37 | ) | | | (60.07 | ) | | | — | | | | — | | |
UltraShort Nasdaq-100 ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 48.40 | | | | 1.41 | | | | (15.89 | ) | | | (14.48 | ) | | | (2.41 | ) | | | (2.41 | ) | |
Year Ended July 31, 2023(d) | | $ | 78.98 | | | | 1.97 | | | | (32.53 | ) | | | (30.56 | ) | | | (0.02 | ) | | | (0.02 | ) | |
Year Ended July 31, 2022(d) | | $ | 78.50 | | | | (0.90 | ) | | | 1.38 | | | | 0.48 | | | | — | | | | — | | |
Year Ended July 31, 2021(d)(e) | | $ | 179.00 | | | | (2.05 | ) | | | (98.35 | ) | | | (100.40 | ) | | | (0.10 | ) | | | (0.10 | ) | |
Year Ended July 31, 2020(d)(e) | | $ | 507.75 | | | | (2.80 | ) | | | (324.35 | ) | | | (327.15 | ) | | | (1.60 | ) | | | (1.60 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 44.91 | | | | 1.03 | | | | (14.83 | ) | | | (13.80 | ) | | | (1.84 | ) | | | (1.84 | ) | |
Year Ended July 31, 2023(d) | | $ | 73.94 | | | | 1.23 | | | | (30.26 | ) | | | (29.03 | ) | | | — | | | | — | | |
Year Ended July 31, 2022(d) | | $ | 74.25 | | | | (1.60 | ) | | | 1.29 | | | | (0.31 | ) | | | — | | | | — | | |
Year Ended July 31, 2021(d)(e) | | $ | 171.01 | | | | (3.20 | ) | | | (93.56 | ) | | | (96.76 | ) | | | — | | | | — | | |
Year Ended July 31, 2020(d)(e) | | $ | 488.16 | | | | (6.40 | ) | | | (310.75 | ) | | | (317.15 | ) | | | — | | | | — | | |
| | | | | 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) | |
UltraShort Mid-Cap ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 31.08 | | | | (19.79 | )% | | | 5.07 | % | | | 1.78 | % | | | 3.48 | % | | $ | 532 | | | | — | | |
Year Ended July 31, 2023(c) | | $ | 40.62 | | | | (20.66 | )% | | | 3.54 | % | | | 1.78 | % | | | 2.31 | % | | $ | 975 | | | | — | | |
Year Ended July 31, 2022(c) | | $ | 51.24 | | | | (4.48 | )% | | | 3.56 | % | | | 1.78 | % | | | (1.50 | )% | | $ | 1,424 | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 53.58 | | | | (59.27 | )% | | | 3.22 | % | | | 1.78 | % | | | (1.77 | )% | | $ | 1,443 | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 131.61 | | | | (33.28 | )% | | | 2.94 | % | | | 1.78 | % | | | (1.04 | )% | | $ | 2,728 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 26.84 | | | | (20.62 | )% | | | 6.07 | % | | | 2.78 | % | | | 2.48 | % | | $ | 21 | | | | — | | |
Year Ended July 31, 2023(c) | | $ | 35.10 | | | | (21.63 | )% | | | 4.54 | % | | | 2.78 | % | | | 1.31 | % | | $ | 42 | | | | — | | |
Year Ended July 31, 2022(c) | | $ | 44.77 | | | | (5.29 | )% | | | 4.56 | % | | | 2.78 | % | | | (2.50 | )% | | $ | 53 | | | | — | | |
Year Ended July 31, 2021(c) | | $ | 47.28 | | | | (59.61 | )% | | | 4.22 | % | | | 2.78 | % | | | (2.77 | )% | | $ | 20 | | | | — | | |
Year Ended July 31, 2020(c) | | $ | 117.12 | | | | (33.92 | )% | | | 3.94 | % | | | 2.78 | % | | | (2.04 | )% | | $ | 21 | | | | — | | |
UltraShort Nasdaq-100 ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 31.51 | | | | (31.02 | )% | | | 2.01 | % | | | 1.88 | % | | | 3.42 | % | | $ | 9,819 | | | | — | | |
Year Ended July 31, 2023(d) | | $ | 48.40 | | | | (38.71 | )% | | | 1.66 | % | | | 1.66 | % | | | 2.50 | % | | $ | 16,415 | | | | — | | |
Year Ended July 31, 2022(d) | | $ | 78.98 | | | | 0.64 | % | | | 1.68 | % | | | 1.68 | % | | | (1.09 | )% | | $ | 100,824 | | | | — | | |
Year Ended July 31, 2021(d)(e) | | $ | 78.50 | | | | (55.87 | )% | | | 1.78 | % | | | 1.78 | % | | | (1.76 | )% | | $ | 9,281 | | | | — | | |
Year Ended July 31, 2020(d)(e) | | $ | 179.00 | | | | (64.81 | )% | | | 1.82 | % | | | 1.82 | % | | | (0.84 | )% | | $ | 9,454 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 29.27 | | | | (31.66 | )% | | | 2.97 | % | | | 2.84 | % | | | 2.46 | % | | $ | 46 | | | | — | | |
Year Ended July 31, 2023(d) | | $ | 44.91 | | | | (39.26 | )% | | | 2.64 | % | | | 2.64 | % | | | 1.52 | % | | $ | 69 | | | | — | | |
Year Ended July 31, 2022(d) | | $ | 73.94 | | | | (0.40 | )% | | | 2.68 | % | | | 2.68 | % | | | (2.09 | )% | | $ | 168 | | | | — | | |
Year Ended July 31, 2021(d)(e) | | $ | 74.25 | | | | (56.43 | )% | | | 2.78 | % | | | 2.78 | % | | | (2.76 | )% | | $ | 184 | | | | — | | |
Year Ended July 31, 2020(d)(e) | | $ | 171.01 | | | | (65.08 | )% | | | 2.82 | % | | | 2.82 | % | | | (1.84 | )% | | $ | 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) As described in Note 9, share amounts have been adjusted for 1:10 reverse share split that occurred on March 6, 2023.
(d) As described in Note 9, share amounts have been adjusted for 1:5 reverse share split that occurred on March 13, 2023.
(e) As described in Note 9, share amounts have been adjusted for 1:8 reverse share split that occurred on December 14, 2020.
See accompanying notes to the financial statements.
Financial Highlights :: 275
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 Small-Cap ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 6.50 | | | | 0.23 | | | | (1.64 | ) | | | (1.41 | ) | | | (0.28 | ) | | | (0.28 | ) | |
Year Ended July 31, 2023 | | $ | 8.06 | | | | 0.20 | | | | (1.76 | ) | | | (1.56 | ) | | | — | | | | — | | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 5.86 | | | | 0.17 | | | | (1.49 | ) | | | (1.32 | ) | | | (0.21 | ) | | | (0.21 | ) | |
Year Ended July 31, 2023 | | $ | 7.36 | | | | 0.12 | | | | (1.62 | ) | | | (1.50 | ) | | | — | | | | — | | |
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 | ) | | | — | | | | — | | |
UltraSmall-Cap ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 62.24 | | | | 0.45 | | | | 9.72 | | | | 10.17 | | | | (0.44 | ) | | | (0.44 | ) | |
Year Ended July 31, 2023 | | $ | 60.08 | | | | 0.28 | | | | 1.88 | | | | 2.16 | | | | — | | | | — | | |
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 | ) | | | — | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 49.40 | | | | (0.01 | ) | | | 7.56 | | | | 7.55 | | | | (0.10 | ) | | | (0.10 | ) | |
Year Ended July 31, 2023 | | $ | 48.18 | | | | (0.16 | ) | | | 1.38 | | | | 1.22 | | | | — | | | | — | | |
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 | ) | | | — | | | | — | | |
| | | | | 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) | |
UltraShort Small-Cap ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 4.81 | | | | (22.36 | )% | | | 2.38 | % | | | 1.78 | % | | | 3.46 | % | | $ | 2,818 | | | | — | | |
Year Ended July 31, 2023 | | $ | 6.50 | | | | (19.35 | )% | | | 2.19 | % | | | 1.78 | % | | | 2.47 | % | | $ | 5,009 | | | | — | | |
Year Ended July 31, 2022 | | $ | 8.06 | | | | 10.87 | % | | | 2.32 | % | | | 1.78 | % | | | (1.46 | )% | | $ | 4,194 | | | | — | | |
Year Ended July 31, 2021 | | $ | 7.27 | | | | (63.87 | )% | | | 2.10 | % | | | 1.78 | % | | | (1.77 | )% | | $ | 8,081 | | | | — | | |
Year Ended July 31, 2020 | | $ | 20.12 | | | | (34.44 | )% | | | 2.16 | % | | | 1.78 | % | | | (1.04 | )% | | $ | 7,746 | | | | — | | |
Service Class | |
Year Ended July 31, 2024 | | $ | 4.33 | | | | (23.13 | )% | | | 3.38 | % | | | 2.78 | % | | | 2.46 | % | | $ | 106 | | | | — | | |
Year Ended July 31, 2023 | | $ | 5.86 | | | | (20.38 | )% | | | 3.19 | % | | | 2.78 | % | | | 1.47 | % | | $ | 120 | | | | — | | |
Year Ended July 31, 2022 | | $ | 7.36 | | | | 9.69 | % | | | 3.32 | % | | | 2.78 | % | | | (2.46 | )% | | $ | 159 | | | | — | | |
Year Ended July 31, 2021 | | $ | 6.71 | | | | (64.19 | )% | | | 3.10 | % | | | 2.78 | % | | | (2.77 | )% | | $ | 508 | | | | — | | |
Year Ended July 31, 2020 | | $ | 18.74 | | | | (35.07 | )% | | | 3.16 | % | | | 2.78 | % | | | (2.04 | )% | | $ | 174 | | | | — | | |
UltraSmall-Cap ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 71.97 | | | | 16.45 | % | | | 1.71 | % | | | 1.70 | % | | | 0.79 | % | | $ | 57,725 | | | | 46 | % | |
Year Ended July 31, 2023 | | $ | 62.24 | | | | 3.58 | % | | | 1.67 | % | | | 1.67 | % | | | 0.51 | % | | $ | 50,344 | | | | 97 | % | |
Year Ended July 31, 2022 | | $ | 60.08 | | | | (32.91 | )% | | | 1.60 | % | | | 1.60 | % | | | (0.72 | )% | | $ | 52,577 | | | | 46 | % | |
Year Ended July 31, 2021 | | $ | 89.55 | | | | 114.21 | % | | | 1.62 | % | | | 1.62 | % | | | (1.04 | )% | | $ | 100,147 | | | | 27 | % | |
Year Ended July 31, 2020 | | $ | 41.81 | | | | (27.85 | )% | | | 1.80 | % | | | 1.80 | % | | | (0.52 | )% | | $ | 33,767 | | | | 143 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 56.85 | | | | 15.29 | % | | | 2.71 | % | | | 2.70 | % | | | (0.21 | )% | | $ | 554 | | | | 46 | % | |
Year Ended July 31, 2023 | | $ | 49.40 | | | | 2.53 | % | | | 2.67 | % | | | 2.67 | % | | | (0.49 | )% | | $ | 183 | | | | 97 | % | |
Year Ended July 31, 2022 | | $ | 48.18 | | | | (33.56 | )% | | | 2.60 | % | | | 2.60 | % | | | (1.72 | )% | | $ | 235 | | | | 46 | % | |
Year Ended July 31, 2021 | | $ | 72.53 | | | | 112.08 | % | | | 2.62 | % | | | 2.62 | % | | | (2.04 | )% | | $ | 994 | | | | 27 | % | |
Year Ended July 31, 2020 | | $ | 34.20 | | | | (28.57 | )% | | | 2.80 | % | | | 2.80 | % | | | (1.52 | )% | | $ | 263 | | | | 143 | % | |
(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.
276 :: 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 | |
U.S. Government Plus ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 39.69 | | | | 1.29 | | | | (3.62 | ) | | | (2.33 | ) | | | (1.33 | ) | | | (1.33 | ) | |
Year Ended July 31, 2023 | | $ | 50.72 | | | | 0.96 | | | | (11.24 | ) | | | (10.28 | ) | | | (0.75 | ) | | | (0.75 | ) | |
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 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 35.59 | | | | 0.97 | | | | (3.33 | ) | | | (2.36 | ) | | | (0.87 | ) | | | (0.87 | ) | |
Year Ended July 31, 2023 | | $ | 45.48 | | | | 0.58 | | | | (10.20 | ) | | | (9.62 | ) | | | (0.27 | ) | | | (0.27 | ) | |
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 | | | | — | (e) | | | — | (e) | |
Utilities UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 59.61 | | | | 0.84 | | | | 6.14 | | | | 6.98 | | | | (0.93 | ) | | | (0.93 | ) | |
Year Ended July 31, 2023 | | $ | 70.17 | | | | 0.81 | | | | (10.74 | ) | | | (9.93 | ) | | | (0.63 | ) | | | (0.63 | ) | |
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 | )(g) | | | (0.32 | ) | |
Year Ended July 31, 2020 | | $ | 54.09 | | | | 0.55 | | | | (2.16 | ) | | | (1.61 | ) | | | (1.04 | ) | | | (1.04 | ) | |
Service Class | |
Year Ended July 31, 2024 | | $ | 54.87 | | | | 0.33 | | | | 5.67 | | | | 6.00 | | | | (0.09 | ) | | | (0.09 | ) | |
Year Ended July 31, 2023 | | $ | 64.64 | | | | 0.23 | | | | (10.00 | ) | | | (9.77 | ) | | | — | | | | — | | |
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 | ) | |
| | | | | 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) | |
U.S. Government Plus ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 36.03 | | | | (5.75 | )% | | | 1.92 | % | | | 1.71 | %(c) | | | 3.68 | % | | $ | 12,726 | | | | — | | |
Year Ended July 31, 2023 | | $ | 39.69 | | | | (20.28 | )% | | | 1.78 | % | | | 1.78 | %(c) | | | 2.27 | % | | $ | 8,475 | | | | — | | |
Year Ended July 31, 2022 | | $ | 50.72 | | | | (26.76 | )% | | | 1.41 | % | | | 1.41 | % | | | (1.24 | )% | | $ | 8,264 | | | | — | (d) | |
Year Ended July 31, 2021 | | $ | 69.24 | | | | (19.47 | )% | | | 1.51 | % | | | 1.51 | % | | | (1.17 | )% | | $ | 24,182 | | | | 99 | % | |
Year Ended July 31, 2020 | | $ | 85.98 | | | | 43.48 | % | | | 1.40 | % | | | 1.40 | % | | | 0.09 | % | | $ | 21,927 | | | | 392 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 32.36 | | | | (6.56 | )% | | | 2.92 | % | | | 2.71 | %(c) | | | 2.68 | % | | $ | 1,803 | | | | — | | |
Year Ended July 31, 2023 | | $ | 35.59 | | | | (21.13 | )% | | | 2.78 | % | | | 2.78 | %(c) | | | 1.27 | % | | $ | 122 | | | | — | | |
Year Ended July 31, 2022 | | $ | 45.48 | | | | (27.49 | )% | | | 2.41 | % | | | 2.41 | % | | | (2.24 | )% | | $ | 587 | | | | — | (d) | |
Year Ended July 31, 2021 | | $ | 62.71 | | | | (20.29 | )% | | | 2.51 | % | | | 2.51 | % | | | (2.17 | )% | | $ | 1,839 | | | | 99 | % | |
Year Ended July 31, 2020 | | $ | 78.67 | | | | 42.11 | % | | | 2.40 | % | | | 2.40 | % | | | (0.91 | )% | | $ | 2,385 | | | | 392 | % | |
Utilities UltraSector ProFund | |
Investor Class | |
Year Ended July 31, 2024 | | $ | 65.66 | | | | 12.06 | % | | | 1.81 | % | | | 1.80 | % | | | 1.47 | % | | $ | 37,071 | | | | 35 | % | |
Year Ended July 31, 2023 | | $ | 59.61 | | | | (14.25 | )% | | | 1.86 | % | | | 1.86 | % | | | 1.29 | % | | $ | 6,553 | | | | 53 | % | |
Year Ended July 31, 2022 | | $ | 70.17 | | | | 19.73 | %(f) | | | 1.73 | % | | | 1.73 | % | | | 0.44 | % | | $ | 12,518 | | | | 113 | % | |
Year Ended July 31, 2021 | | $ | 58.73 | | | | 14.85 | % | | | 2.06 | % | | | 2.02 | %(c) | | | 0.17 | % | | $ | 8,418 | | | | 95 | % | |
Year Ended July 31, 2020 | | $ | 51.44 | | | | (3.25 | )% | | | 1.73 | % | | | 1.73 | % | | | 0.95 | % | | $ | 8,717 | | | | 368 | % | |
Service Class | |
Year Ended July 31, 2024 | | $ | 60.78 | | | | 10.98 | % | | | 2.81 | % | | | 2.80 | % | | | 0.47 | % | | $ | 541 | | | | 35 | % | |
Year Ended July 31, 2023 | | $ | 54.87 | | | | (15.11 | )% | | | 2.86 | % | | | 2.86 | % | | | 0.29 | % | | $ | 289 | | | | 53 | % | |
Year Ended July 31, 2022 | | $ | 64.64 | | | | 18.54 | %(f) | | | 2.73 | % | | | 2.73 | % | | | (0.56 | )% | | $ | 1,069 | | | | 113 | % | |
Year Ended July 31, 2021 | | $ | 54.53 | | | | 13.77 | % | | | 3.01 | % | | | 2.97 | %(c) | | | (0.78 | )% | | $ | 368 | | | | 95 | % | |
Year Ended July 31, 2020 | | $ | 47.93 | | | | (4.09 | )% | | | 2.65 | % | | | 2.65 | % | | | 0.03 | % | | $ | 348 | | | | 368 | % | |
(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) The portfolio turnover rate significantly decreased due to there being no sales or purchases of U.S. Treasury Obligations during the year.
(e) Amount is less than $0.005.
(f) 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%.
(g) Subsequent to the issuance of the July 31, 2021 financial statements, $0.10 of the distribution was determined to be a return of capital.
See accompanying notes to the financial statements.
Notes to Financial Statements
278 :: Notes to Financial Statements :: July 31, 2024
1. Organization
ProFunds (the "Trust") consists of 116 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 consolidated financial statements ("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 | | Mid-Cap Value ProFund | |
Europe 30 ProFund | | Nasdaq-100 ProFund | |
Large-Cap Growth ProFund | | Small-Cap Growth ProFund | |
Large-Cap Value ProFund | | Small-Cap ProFund | |
Mid-Cap Growth ProFund | | Small-Cap Value ProFund | |
Mid-Cap ProFund | | | |
Ultra ProFunds:
UltraBull ProFund | | UltraJapan ProFund | |
UltraChina ProFund | | UltraLatin America ProFund | |
UltraDow 30 ProFund | | UltraMid-Cap ProFund | |
UltraEmerging Markets ProFund | | UltraNasdaq-100 ProFund | |
UltraInternational ProFund | | UltraSmall-Cap ProFund | |
Inverse ProFunds:
Bear ProFund | | UltraShort International ProFund | |
Short Nasdaq-100 ProFund | | UltraShort Japan ProFund | |
Short Small-Cap ProFund | | UltraShort Latin America ProFund | |
UltraBear ProFund | | UltraShort Mid-Cap ProFund | |
UltraShort China ProFund | | UltraShort Nasdaq-100 ProFund | |
UltraShort Dow 30 ProFund | | UltraShort Small-Cap ProFund | |
UltraShort Emerging Markets ProFund | | | |
UltraSector ProFunds:
Banks UltraSector ProFund | | Internet UltraSector ProFund | |
Biotechnology UltraSector ProFund | | Materials UltraSector ProFund | |
Communication Services UltraSector ProFund | | Oil & Gas Equipment & Services UltraSector ProFund | |
Consumer Discretionary UltraSector ProFund | | Pharmaceuticals UltraSector ProFund | |
Consumer Staples UltraSector ProFund | | Precious Metals UltraSector ProFund | |
Energy UltraSector ProFund | | Real Estate UltraSector ProFund | |
Financials UltraSector ProFund | | Semiconductor UltraSector ProFund | |
Health Care UltraSector ProFund | | Technology UltraSector ProFund | |
Industrials UltraSector ProFund | | Utilities UltraSector ProFund | |
Inverse Sector ProFunds:
Short Energy ProFund | | Short Real Estate ProFund | |
Short Precious Metals ProFund | | | |
Non-Equity ProFunds:
Access Flex Bear High Yield ProFund | | Rising Rates Opportunity 10 ProFund | |
Access Flex High Yield ProFund | | Rising U.S. Dollar ProFund | |
Falling U.S. Dollar ProFund | | U.S. Government Plus ProFund | |
Rising Rates Opportunity ProFund | | | |
Each ProFund's investment objective is disclosed in its prospectus. 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 has two classes of shares outstanding: an Investor Class and a Service 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.
July 31, 2024 :: Notes to Financial Statements :: 279
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.
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.
Cash
Cash is held at major financial institutions and is subject to credit risk to the extent those balances exceed applicable Federal Deposit Insurance Corporation (FDIC) or Securities Investor Protection Corporation (SIPC) limitations.
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.
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, 2024, 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 represent principal amount, cost and value for each respective repurchase agreements.
280 :: Notes to Financial Statements :: July 31, 2024
Fund Name | | Credit Agricole,
5.21%,
dated 7/31/24,
due 8/1/24(1) | | HSBC Securities
(USA), Inc.,
5.20%,
dated 7/31/24,
due 8/1/24(2) | | Natwest
Markets, PLC,
5.21%,
dated 7/31/24,
due 8/1/24(3) | | RBC Capital
Markets, LLC,
5.16%,
dated 7/31/24,
due 8/1/24(4) | | Societe
Generale,
5.21%,
dated 7/31/24,
due 8/1/24(5) | | UMB Bank,
N.A.,
5.11%,
dated 7/31/24,
due 8/1/24(6) | |
Access Flex Bear High Yield
ProFund | | $ | 11,000 | | | $ | 12,000 | | | $ | 11,000 | | | $ | 5,000 | | | $ | 13,000 | | | $ | 6,000 | | |
Access Flex High Yield ProFund | | | 677,000 | | | | 728,000 | | | | 677,000 | | | | 338,000 | | | | 762,000 | | | | 166,000 | | |
Banks UltraSector ProFund | | | 583,000 | | | | 627,000 | | | | 583,000 | | | | 291,000 | | | | 655,000 | | | | 146,000 | | |
Bear ProFund | | | 1,036,000 | | | | 1,113,000 | | | | 1,036,000 | | | | 517,000 | | | | 1,165,000 | | | | 259,000 | | |
Biotechnology UltraSector
ProFund | | | 4,819,000 | | | | 5,181,000 | | | | 4,819,000 | | | | 2,408,000 | | | | 5,422,000 | | | | 1,179,000 | | |
Bull ProFund | | | 1,597,000 | | | | 1,717,000 | | | | 1,597,000 | | | | 798,000 | | | | 1,797,000 | | | | 393,000 | | |
Communication Services
UltraSector ProFund | | | 386,000 | | | | 415,000 | | | | 386,000 | | | | 192,000 | | | | 435,000 | | | | 102,000 | | |
Consumer Discretionary
UltraSector ProFund | | | 2,385,000 | | | | 2,563,000 | | | | 2,385,000 | | | | 1,192,000 | | | | 2,684,000 | | | | 584,000 | | |
Consumer Staples UltraSector
ProFund | | | 130,000 | | | | 140,000 | | | | 130,000 | | | | 64,000 | | | | 147,000 | | | | 38,000 | | |
Energy UltraSector ProFund | | | 951,000 | | | | 1,022,000 | | | | 951,000 | | | | 474,000 | | | | 1,070,000 | | | | 240,000 | | |
Falling U.S. Dollar ProFund | | | 228,000 | | | | 245,000 | | | | 228,000 | | | | 113,000 | | | | 256,000 | | | | 58,000 | | |
Financials UltraSector ProFund | | | 1,879,000 | | | | 2,019,000 | | | | 1,879,000 | | | | 939,000 | | | | 2,113,000 | | | | 462,000 | | |
Health Care UltraSector ProFund | | | 805,000 | | | | 865,000 | | | | 805,000 | | | | 402,000 | | | | 906,000 | | | | 202,000 | | |
Industrials UltraSector ProFund | | | 196,000 | | | | 211,000 | | | | 196,000 | | | | 97,000 | | | | 221,000 | | | | 57,000 | | |
Internet UltraSector ProFund | | | 2,458,000 | | | | 2,642,000 | | | | 2,458,000 | | | | 1,228,000 | | | | 2,765,000 | | | | 602,000 | | |
Large-Cap Growth ProFund | | | 17,000 | | | | 19,000 | | | | 17,000 | | | | 8,000 | | | | 20,000 | | | | 7,000 | | |
Large-Cap Value ProFund | | | 10,000 | | | | 11,000 | | | | 10,000 | | | | 5,000 | | | | 12,000 | | | | 6,000 | | |
Materials UltraSector ProFund | | | 174,000 | | | | 186,000 | | | | 174,000 | | | | 87,000 | | | | 195,000 | | | | 47,000 | | |
Mid-Cap ProFund | | | 1,065,000 | | | | 1,146,000 | | | | 1,065,000 | | | | 532,000 | | | | 1,199,000 | | | | 265,000 | | |
Nasdaq-100 ProFund | | | 14,764,000 | | | | 15,872,000 | | | | 14,764,000 | | | | 7,382,000 | | | | 16,611,000 | | | | 3,591,000 | | |
Oil & Gas Equipment & Services
UltraSector ProFund | | | 462,000 | | | | 498,000 | | | | 462,000 | | | | 230,000 | | | | 520,000 | | | | 122,000 | | |
Pharmaceuticals UltraSector
ProFund | | | 111,000 | | | | 118,000 | | | | 111,000 | | | | 55,000 | | | | 124,000 | | | | 34,000 | | |
Precious Metals UltraSector
ProFund | | | 1,512,000 | | | | 1,626,000 | | | | 1,512,000 | | | | 756,000 | | | | 1,702,000 | | | | 375,000 | | |
Real Estate UltraSector ProFund | | | 270,000 | | | | 290,000 | | | | 270,000 | | | | 134,000 | | | | 304,000 | | | | 72,000 | | |
Rising Rates Opportunity ProFund | | | 1,858,000 | | | | 1,997,000 | | | | 1,858,000 | | | | 929,000 | | | | 2,090,000 | | | | 458,000 | | |
Rising Rates Opportunity 10
ProFund | | | 402,000 | | | | 432,000 | | | | 402,000 | | | | 201,000 | | | | 453,000 | | | | 103,000 | | |
Rising U.S. Dollar ProFund | | | 1,868,000 | | | | 2,008,000 | | | | 1,868,000 | | | | 934,000 | | | | 2,102,000 | | | | 457,000 | | |
Semiconductor UltraSector
ProFund | | | 22,382,000 | | | | 24,061,000 | | | | 22,382,000 | | | | 11,190,000 | | | | 25,179,000 | | | | 5,439,000 | | |
Short Energy ProFund | | | 104,000 | | | | 112,000 | | | | 104,000 | | | | 52,000 | | | | 117,000 | | | | 30,000 | | |
Short Nasdaq-100 ProFund | | | 333,000 | | | | 359,000 | | | | 333,000 | | | | 166,000 | | | | 375,000 | | | | 88,000 | | |
Short Precious Metals ProFund | | | 124,000 | | | | 134,000 | | | | 124,000 | | | | 61,000 | | | | 139,000 | | | | 39,000 | | |
Short Real Estate ProFund | | | 234,000 | | | | 252,000 | | | | 234,000 | | | | 117,000 | | | | 264,000 | | | | 63,000 | | |
Short Small-Cap ProFund | | | 110,000 | | | | 120,000 | | | | 110,000 | | | | 54,000 | | | | 124,000 | | | | 36,000 | | |
Small-Cap ProFund | | | 487,000 | | | | 524,000 | | | | 487,000 | | | | 243,000 | | | | 547,000 | | | | 125,000 | | |
Small-Cap Value ProFund | | | 6,000 | | | | 6,000 | | | | 6,000 | | | | 3,000 | | | | 6,000 | | | | 3,000 | | |
Technology UltraSector ProFund | | | 3,167,000 | | | | 3,405,000 | | | | 3,167,000 | | | | 1,583,000 | | | | 3,563,000 | | | | 778,000 | | |
UltraBear ProFund | | | 1,265,000 | | | | 1,360,000 | | | | 1,265,000 | | | | 632,000 | | | | 1,423,000 | | | | 313,000 | | |
UltraBull ProFund | | | 7,756,000 | | | | 8,337,000 | | | | 7,756,000 | | | | 3,877,000 | | | | 8,725,000 | | | | 1,891,000 | | |
UltraChina ProFund | | | 455,000 | | | | 491,000 | | | | 455,000 | | | | 227,000 | | | | 512,000 | | | | 120,000 | | |
UltraDow 30 ProFund | | | 2,768,000 | | | | 2,975,000 | | | | 2,768,000 | | | | 1,383,000 | | | | 3,113,000 | | | | 679,000 | | |
UltraEmerging Markets ProFund | | | 176,000 | | | | 190,000 | | | | 176,000 | | | | 87,000 | | | | 199,000 | | | | 51,000 | | |
UltraInternational ProFund | | | 653,000 | | | | 702,000 | | | | 653,000 | | | | 326,000 | | | | 734,000 | | | | 166,000 | | |
UltraJapan ProFund | | | 3,932,000 | | | | 4,227,000 | | | | 3,932,000 | | | | 1,966,000 | | | | 4,423,000 | | | | 957,000 | | |
UltraLatin America ProFund | | | 184,000 | | | | 197,000 | | | | 184,000 | | | | 91,000 | | | | 207,000 | | | | 54,000 | | |
UltraMid-Cap ProFund | | | 3,592,000 | | | | 3,861,000 | | | | 3,592,000 | | | | 1,795,000 | | | | 4,040,000 | | | | 878,000 | | |
UltraNasdaq-100 ProFund | | | 46,672,000 | | | | 50,172,000 | | | | 46,672,000 | | | | 23,336,000 | | | | 52,506,000 | | | | 11,331,000 | | |
UltraShort China ProFund | | | 199,000 | | | | 214,000 | | | | 199,000 | | | | 99,000 | | | | 224,000 | | | | 55,000 | | |
UltraShort Dow 30 ProFund | | | 376,000 | | | | 404,000 | | | | 376,000 | | | | 188,000 | | | | 424,000 | | | | 97,000 | | |
UltraShort Emerging Markets
ProFund | | | 72,000 | | | | 77,000 | | | | 72,000 | | | | 35,000 | | | | 81,000 | | | | 24,000 | | |
UltraShort International ProFund | | | 346,000 | | | | 373,000 | | | | 346,000 | | | | 172,000 | | | | 390,000 | | | | 94,000 | | |
July 31, 2024 :: Notes to Financial Statements :: 281
Fund Name | | Credit Agricole,
5.21%,
dated 7/31/24,
due 8/1/24(1) | | HSBC Securities
(USA), Inc.,
5.20%,
dated 7/31/24,
due 8/1/24(2) | | Natwest
Markets, PLC,
5.21%,
dated 7/31/24,
due 8/1/24(3) | | RBC Capital
Markets, LLC,
5.16%,
dated 7/31/24,
due 8/1/24(4) | | Societe
Generale,
5.21%,
dated 7/31/24,
due 8/1/24(5) | | UMB Bank,
N.A.,
5.11%,
dated 7/31/24,
due 8/1/24(6) | |
UltraShort Japan ProFund | | $ | 228,000 | | | $ | 245,000 | | | $ | 228,000 | | | $ | 113,000 | | | $ | 256,000 | | | $ | 59,000 | | |
UltraShort Latin America ProFund | | | 248,000 | | | | 267,000 | | | | 248,000 | | | | 123,000 | | | | 279,000 | | | | 69,000 | | |
UltraShort Mid-Cap ProFund | | | 122,000 | | | | 131,000 | | | | 122,000 | | | | 60,000 | | | | 138,000 | | | | 40,000 | | |
UltraShort Nasdaq-100 ProFund | | | 1,992,000 | | | | 2,143,000 | | | | 1,992,000 | | | | 995,000 | | | | 2,243,000 | | | | 493,000 | | |
UltraShort Small-Cap ProFund | | | 565,000 | | | | 608,000 | | | | 565,000 | | | | 282,000 | | | | 636,000 | | | | 143,000 | | |
UltraSmall-Cap ProFund | | | 4,972,000 | | | | 5,345,000 | | | | 4,972,000 | | | | 2,485,000 | | | | 5,593,000 | | | | 1,217,000 | | |
U.S. Government Plus ProFund | | | 2,900,000 | | | | 3,117,000 | | | | 2,900,000 | | | | 1,449,000 | | | | 3,263,000 | | | | 710,000 | | |
Utilities UltraSector ProFund | | | 1,638,000 | | | | 1,760,000 | | | | 1,638,000 | | | | 819,000 | | | | 1,843,000 | | | | 405,000 | | |
| | | $ | 148,712,000 | | | $ | 159,872,000 | | | $ | 148,712,000 | | | $ | 74,320,000 | | | $ | 167,309,000 | | | $ | 36,478,000 | | |
Each repurchase agreement was fully collateralized by U.S. government securities as of July 31, 2024 as follows:
(1) U.S. Treasury Notes, 1.375%, due 11/15/2031, total value $151,752,040.
(2) U.S. Treasury Notes, 3.25%, due 6/30/2027, total value $163,077,546.
(3) U.S. Treasury Notes, 4.125%, due 3/31/2031, total value $151,694,786.
(4) U.S. Treasury Floating Rate Notes, coupon rate in effect at July 31, 2024, 5.276%, due 10/31/2024, total value $75,815,056.
(5) U.S. Treasury Notes, 4.00%, due 2/28/2030, total value $170,663,677.
(6) U.S. Treasury Notes, 4.00% to 4.25%, due 1/31/2026 to 2/29/2028, which had an aggregate value of $37,216,558.
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, 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 "funds of funds" 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.
Real Estate Investment Trusts
Each ProFund (other than the Non-Equity 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 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, 2024 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
282 :: Notes to Financial Statements :: July 31, 2024
(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 inverse of 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, 2024, 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, 2024. 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 is generally representative of the notional amount of open positions to net assets throughout the year. The volume associated with futures contracts in the UltraShort Japan ProFund, UltraShort Nasdaq-100 ProFund, and U.S. Government Plus ProFund was 141%, 11%, and 21%, respectively, based on average monthly notional amounts in comparison to net assets during the year ended July 31, 2024. The volume associated with swap agreements in the Biotechnology UltraSector ProFund, Bull ProFund, Mid-Cap ProFund, Semiconductor Ultrasector ProFund, UltraShort Japan ProFund, UltraShort Nasdaq-100 ProFund, and U.S. Government Plus ProFund was 82%, 22%, 34%, 81%, 59%, 188%, and 138%, respectively, based on average monthly notional amounts in comparison to net assets during the year ended July 31, 2024.
In connection with its management of certain series of the Trust included in this report (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.
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
July 31, 2024 :: Notes to Financial Statements :: 283
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 regulated investment company ("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 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, 2024, there was no collateral posted by counterparties.
Credit Default Swap ("CDS") Agreements
As of July 31, 2024, 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, 2024, 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.
284 :: Notes to Financial Statements :: July 31, 2024
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 6% to 10% 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 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
July 31, 2024 :: Notes to Financial Statements :: 285
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, 2024, 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.
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.
286 :: Notes to Financial Statements :: July 31, 2024
Summary of Derivative Instruments
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, 2024.
| | | 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 | |
Credit Risk Exposure: | |
Access Flex Bear High Yield ProFund | | $ | — | | | $ | 662 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | |
Access Flex High Yield ProFund | | | — | | | | — | | | | — | | | | — | | | | 14,447 | | | | — | | |
Equity Risk Exposure: | |
Banks UltraSector ProFund | | | — | | | | 61,943 | | | | — | | | | — | | | | — | | | | — | | |
Bear ProFund | | | — | | | | — | | | | — | | | | 6,549 | | | | 49,893 | | | | — | | |
Biotechnology UltraSector ProFund | | | — | | | | — | | | | — | | | | — | | | | 707,530 | | | | — | | |
Bull ProFund | | | — | | | | 32,745 | | | | — | | | | 46,773 | | | | — | | | | — | | |
Communication Services UltraSector ProFund | | | — | | | | — | | | | — | | | | — | | | | 28,853 | | | | — | | |
Consumer Discretionary UltraSector ProFund | | | — | | | | — | | | | — | | | | — | | | | 404,228 | | | | — | | |
Consumer Staples UltraSector ProFund | | | — | | | | — | | | | — | | | | — | | | | 3,371 | | | | — | | |
Energy UltraSector ProFund | | | — | | | | 525,288 | | | | — | | | | — | | | | — | | | | — | | |
Financials UltraSector ProFund | | | — | | | | 366,909 | | | | — | | | | — | | | | — | | | | — | | |
Health Care UltraSector ProFund | | | — | | | | 43,574 | | | | — | | | | — | | | | — | | | | — | | |
Industrials UltraSector ProFund | | | — | | | | 34,393 | | | | — | | | | — | | | | — | | | | — | | |
Internet UltraSector ProFund | | | — | | | | — | | | | — | | | | — | | | | 699,230 | | | | — | | |
Materials UltraSector ProFund | | | — | | | | 47,474 | | | | — | | | | — | | | | — | | | | — | | |
Mid-Cap ProFund | | | — | | | | 47,846 | | | | — | | | | — | | | | — | | | | — | | |
Nasdaq-100 ProFund | | | — | | | | 1,024,378 | | | | — | | | | 90,716 | | | | — | | | | — | | |
Oil & Gas Equipment & Services UltraSector ProFund | | | — | | | | 315,706 | | | | — | | | | — | | | | — | | | | — | | |
Pharmaceuticals UltraSector ProFund | | | — | | | | 46,194 | | | | — | | | | — | | | | — | | | | — | | |
Precious Metals UltraSector ProFund | | | — | | | | 406,924 | | | | — | | | | — | | | | — | | | | — | | |
Real Estate UltraSector ProFund | | | — | | | | 22,055 | | | | — | | | | — | | | | — | | | | — | | |
Semiconductor UltraSector ProFund | | | — | | | | — | | | | — | | | | — | | | | 8,688,474 | | | | — | | |
Short Energy ProFund | | | — | | | | — | | | | — | | | | — | | | | 19,957 | | | | — | | |
Short Nasdaq-100 ProFund | | | 5,036 | | | | — | | | | — | | | | — | | | | 22,502 | | | | — | | |
Short Precious Metals ProFund | | | — | | | | 83,051 | | | | — | | | | — | | | | — | | | | — | | |
Short Real Estate ProFund | | | — | | | | — | | | | — | | | | — | | | | 8,839 | | | | — | | |
Short Small-Cap ProFund | | | — | | | | — | | | | — | | | | — | | | | 5,486 | | | | — | | |
Small-Cap ProFund | | | 30,193 | | | | 31,872 | | | | — | | | | — | | | | — | | | | — | | |
Technology UltraSector ProFund | | | — | | | | — | | | | — | | | | — | | | | 1,975,069 | | | | — | | |
UltraBear ProFund | | | — | | | | — | | | | — | | | | 9,824 | | | | 127,132 | | | | — | | |
UltraBull ProFund | | | 17,151 | | | | 1,725,182 | | | | — | | | | — | | | | — | | | | — | | |
UltraChina ProFund | | | — | | | | — | | | | — | | | | — | | | | 70,674 | | | | — | | |
UltraDow 30 ProFund | | | 201,555 | | | | 351,498 | | | | — | | | | — | | | | — | | | | — | | |
UltraEmerging Markets ProFund | | | — | | | | 42,604 | | | | — | | | | — | | | | — | | | | — | | |
UltraInternational ProFund | | | — | | | | 107,554 | | | | — | | | | — | | | | — | | | | — | | |
UltraJapan ProFund | | | — | | | | 3,341 | | | | — | | | | 38,534 | | | | — | | | | — | | |
UltraLatin America ProFund | | | — | | | | 54,009 | | | | — | | | | — | | | | — | | | | — | | |
UltraMid-Cap ProFund | | | 285,728 | | | | 532,569 | | | | — | | | | — | | | | — | | | | — | | |
UltraNasdaq-100 ProFund | | | — | | | | 17,147,242 | | | | — | | | | 877,474 | | | | — | | | | — | | |
UltraShort China ProFund | | | — | | | | 8,301 | | | | — | | | | — | | | | — | | | | — | | |
UltraShort Dow 30 ProFund | | | — | | | | — | | | | — | | | | — | | | | 25,391 | | | | — | | |
UltraShort Emerging Markets ProFund | | | — | | | | — | | | | — | | | | — | | | | 7,506 | | | | — | | |
UltraShort International ProFund | | | — | | | | — | | | | — | | | | — | | | | 55,996 | | | | — | | |
UltraShort Japan ProFund | | | 101,190 | | | | — | | | | — | | | | — | | | | 4,538 | | | | — | | |
UltraShort Latin America ProFund | | | — | | | | — | | | | — | | | | — | | | | 16,499 | | | | — | | |
UltraShort Mid-Cap ProFund | | | — | | | | — | | | | — | | | | — | | | | 11,190 | | | | — | | |
UltraShort Nasdaq-100 ProFund | | | 30,216 | | | | — | | | | — | | | | — | | | | 205,116 | | | | — | | |
UltraShort Small-Cap ProFund | | | 1,240 | | | | — | | | | — | | | | — | | | | 38,529 | | | | — | | |
UltraSmall-Cap ProFund | | | 429,209 | | | | 682,695 | | | | — | | | | — | | | | — | | | | — | | |
Utilities UltraSector ProFund | | | — | | | | 881,614 | | | | — | | | | — | | | | — | | | | — | | |
Foreign Exchange Rate Risk Exposure: | |
Falling U.S. Dollar ProFund | | | — | | | | — | | | | 18,790 | | | | — | | | | — | | | | 10,168 | | |
Rising U.S. Dollar ProFund | | | — | | | | — | | | | 35,448 | | | | — | | | | — | | | | 123,200 | | |
July 31, 2024 :: Notes to Financial Statements :: 287
| | | 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 | |
Interest Rate Risk Exposure: | |
Access Flex Bear High Yield ProFund | | $ | — | | | $ | — | | | $ | — | | | $ | 5,583 | | | $ | — | | | $ | — | | |
Access Flex High Yield ProFund | | | 13,818 | | | | — | | | | — | | | | — | | | | — | | | | — | | |
Rising Rates Opportunity ProFund | | | — | | | | — | | | | — | | | | — | | | | 220,774 | | | | — | | |
Rising Rates Opportunity 10 ProFund | | | — | | | | — | | | | — | | | | — | | | | 26,669 | | | | — | | |
U.S. Government Plus ProFund | | | — | | | | 271,382 | | | | — | | | | — | | | | — | | | | — | | |
* Includes cumulative appreciation/depreciation of futures contracts 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, 2024.
| | | 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 | |
Credit Risk Exposure: | |
Access Flex Bear High Yield ProFund | | $ | — | | | $ | (192,467 | ) | | $ | — | | | $ | — | | | $ | 77,929 | | | $ | — | | |
Access Flex High Yield ProFund | | | — | | | | 1,453,021 | | | | — | | | | — | | | | (801,147 | ) | | | — | | |
Equity Risk Exposure: | |
Banks UltraSector ProFund | | | — | | | | 1,240,942 | | | | — | | | | — | | | | (120,109 | ) | | | — | | |
Bear ProFund | | | (93,387 | ) | | | (3,342,006 | ) | | | — | | | | 21,600 | | | | 18,777 | | | | — | | |
Biotechnology UltraSector ProFund | | | — | | | | 16,742,890 | | | | — | | | | — | | | | (1,439,257 | ) | | | — | | |
Bull ProFund | | | 284,891 | | | | 2,498,517 | | | | — | | | | (145,249 | ) | | | (116,083 | ) | | | — | | |
Communication Services UltraSector ProFund | | | — | | | | 894,643 | | | | — | | | | — | | | | (246,760 | ) | | | — | | |
Consumer Discretionary UltraSector ProFund | | | — | | | | (75,565 | ) | | | — | | | | — | | | | (742,919 | ) | | | — | | |
Consumer Staples UltraSector ProFund | | | — | | | | (43,981 | ) | | | — | | | | — | | | | 3,660 | | | | — | | |
Energy UltraSector ProFund | | | — | | | | (945,584 | ) | | | — | | | | — | | | | 77,327 | | | | — | | |
Financials UltraSector ProFund | | | — | | | | 2,436,821 | | | | — | | | | — | | | | 400,686 | | | | — | | |
Health Care UltraSector ProFund | | | — | | | | 527,782 | | | | — | | | | — | | | | 219,885 | | | | — | | |
Industrials UltraSector ProFund | | | — | | | | 749,762 | | | | — | | | | — | | | | 3,029 | | | | — | | |
Internet UltraSector ProFund | | | — | | | | 7,100,749 | | | | — | | | | — | | | | (2,685,065 | ) | | | — | | |
Materials UltraSector ProFund | | | — | | | | 182,444 | | | | — | | | | — | | | | (87,508 | ) | | | — | | |
Mid-Cap ProFund | | | — | | | | 48,725 | | | | — | | | | — | | | | 32,004 | | | | — | | |
Nasdaq-100 ProFund | | | 1,275,042 | | | | 7,538,946 | | | | — | | | | (227,062 | ) | | | (373,105 | ) | | | — | | |
Oil & Gas Equipment & Services UltraSector
ProFund | | | — | | | | (729,303 | ) | | | — | | | | — | | | | (67,677 | ) | | | — | | |
Pharmaceuticals UltraSector ProFund | | | — | | | | (185,713 | ) | | | — | | | | — | | | | (50,869 | ) | | | — | | |
Precious Metals UltraSector ProFund | | | — | | | | 2,029,901 | | | | — | | | | — | | | | 443,394 | | | | — | | |
Real Estate UltraSector ProFund | | | — | | | | (33,772 | ) | | | — | | | | — | | | | 134,077 | | | | — | | |
Semiconductor UltraSector ProFund | | | — | | | | 105,132,976 | | | | — | | | | — | | | | (13,016,971 | ) | | | — | | |
Short Energy ProFund | | | — | | | | (52,978 | ) | | | — | | | | — | | | | 322 | | | | — | | |
Short Nasdaq-100 ProFund | | | (82,233 | ) | | | 258,790 | | | | — | | | | 27,300 | | | | 56,368 | | | | — | | |
Short Precious Metals ProFund | | | — | | | | (497,791 | ) | | | — | | | | — | | | | 159,956 | | | | — | | |
Short Real Estate ProFund | | | — | | | | (198,868 | ) | | | — | | | | — | | | | (45,400 | ) | | | — | | |
Short Small-Cap ProFund | | | — | | | | (2,264,400 | ) | | | — | | | | — | | | | 37,927 | | | | — | | |
Small-Cap ProFund | | | 4,691 | | | | 638,867 | | | | — | | | | 23,827 | | | | 16,519 | | | | — | | |
Technology UltraSector ProFund | | | — | | | | 11,509,036 | | | | — | | | | — | | | | (2,551,480 | ) | | | — | | |
UltraBear ProFund | | | (140,081 | ) | | | (2,434,290 | ) | | | — | | | | 32,400 | | | | 90,061 | | | | — | | |
UltraBull ProFund | | | 1,750,009 | | | | 21,811,179 | | | | — | | | | (438,502 | ) | | | 261,106 | | | | — | | |
UltraChina ProFund | | | — | | | | (6,090,820 | ) | | | — | | | | — | | | | (355,293 | ) | | | — | | |
UltraDow 30 ProFund | | | 333,911 | | | | 3,911,557 | | | | — | | | | 92,038 | | | | 88,438 | | | | — | | |
UltraEmerging Markets ProFund | | | — | | | | 64,897 | | | | — | | | | — | | | | (215,978 | ) | | | — | | |
288 :: Notes to Financial Statements :: July 31, 2024
| | | 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 | |
UltraInternational ProFund | | $ | — | | | $ | (147,641 | ) | | $ | — | | | $ | — | | | $ | 46,128 | | | $ | — | | |
UltraJapan ProFund | | | 7,328,914 | | | | 75,297 | | | | — | | | | (1,631,924 | ) | | | (8,234 | ) | | | — | | |
UltraLatin America ProFund | | | — | | | | (936,418 | ) | | | — | | | | — | | | | (193,286 | ) | | | — | | |
UltraMid-Cap ProFund | | | 360,467 | | | | 2,876,045 | | | | — | | | | (19,571 | ) | | | (9,591 | ) | | | — | | |
UltraNasdaq-100 ProFund | | | 7,416,788 | | | | 159,160,417 | | | | — | | | | (3,097,831 | ) | | | (724,385 | ) | | | — | | |
UltraShort China ProFund | | | — | | | | 258,450 | | | | — | | | | — | | | | 492,435 | | | | — | | |
UltraShort Dow 30 ProFund | | | — | | | | (594,170 | ) | | | — | | | | — | | | | 21,201 | | | | — | | |
UltraShort Emerging Markets ProFund | | | — | | | | (284,398 | ) | | | — | | | | — | | | | 28,785 | | | | — | | |
UltraShort International ProFund | | | — | | | | (242,387 | ) | | | — | | | | — | | | | (20,616 | ) | | | — | | |
UltraShort Japan ProFund | | | (225,353 | ) | | | (90,765 | ) | | | — | | | | 92,212 | | | | 8,801 | | | | — | | |
UltraShort Latin America ProFund | | | — | | | | 375,177 | | | | — | | | | — | | | | 55,616 | | | | — | | |
UltraShort Mid-Cap ProFund | | | (9,455 | ) | | | (200,300 | ) | | | — | | | | 18,792 | | | | 11,243 | | | | — | | |
UltraShort Nasdaq-100 ProFund | | | (403,451 | ) | | | (6,908,555 | ) | | | — | | | | 119,273 | | | | 403,170 | | | | — | | |
UltraShort Small-Cap ProFund | | | (96,380 | ) | | | (847,329 | ) | | | — | | | | 33,485 | | | | 225,047 | | | | — | | |
UltraSmall-Cap ProFund | | | 39,567 | | | | 7,945,285 | | | | — | | | | 395,061 | | | | (811,956 | ) | | | — | | |
Utilities UltraSector ProFund | | | — | | | | (350,774 | ) | | | — | | | | — | | | | 988,997 | | | | — | | |
Foreign Exchange Rate Risk Exposure: | |
Falling U.S. Dollar ProFund | | | — | | | | — | | | | (76,452 | ) | | | — | | | | — | | | | 26,499 | | |
Rising U.S. Dollar ProFund | | | — | | | | — | | | | 413,744 | | | | — | | | | — | | | | (168,040 | ) | |
Interest Rate Risk Exposure: | |
Access Flex Bear High Yield ProFund | | | 44,503 | | | | — | | | | — | | | | (33,911 | ) | | | — | | | | — | | |
Access Flex High Yield ProFund | | | (69,338 | ) | | | — | | | | — | | | | 30,602 | | | | — | | | | — | | |
Rising Rates Opportunity ProFund | | | 37,758 | | | | (912,929 | ) | | | — | | | | — | | | | (422,094 | ) | | | — | | |
Rising Rates Opportunity 10 ProFund | | | — | | | | 53,571 | | | | — | | | | — | | | | (53,972 | ) | | | — | | |
U.S. Government Plus ProFund | | | 113,103 | | | | (1,659,716 | ) | | | — | | | | — | | | | 485,826 | | | | — | | |
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, 2024. 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.
| | | 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 | | $ | 19,858 | | | $ | — | | | $ | — | | | $ | 19,858 | | |
Swap Agreements — UBS AG | | | 42,085 | | | | — | | | | — | | | | 42,085 | | |
Bear ProFund | |
Swap Agreements — Goldman Sachs International | | | (7,106 | ) | | | 7,106 | | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (42,787 | ) | | | 42,787 | | | | — | | | | — | | |
Biotechnology UltraSector ProFund | |
Swap Agreements — Goldman Sachs International | | | (363,609 | ) | | | 363,609 | | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (343,921 | ) | | | 343,921 | | | | — | | | | — | | |
Bull ProFund | |
Swap Agreements — Goldman Sachs International | | | 32,171 | | | | — | | | | — | | | | 32,171 | | |
Swap Agreements — UBS AG | | | 574 | | | | — | | | | — | | | | 574 | | |
July 31, 2024 :: Notes to Financial Statements :: 289
| | | 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 | |
Communication Services UltraSector ProFund | |
Swap Agreements — Goldman Sachs International | | $ | 8,155 | | | $ | — | | | $ | — | | | $ | 8,155 | | |
Swap Agreements — UBS AG | | | (37,008 | ) | | | 37,008 | | | | — | | | | — | | |
Consumer Discretionary UltraSector ProFund | |
Swap Agreements — Goldman Sachs International | | | (224,502 | ) | | | 224,502 | | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (179,726 | ) | | | 179,726 | | | | — | | | | — | | |
Consumer Staples UltraSector ProFund | |
Swap Agreements — Goldman Sachs International | | | (1,811 | ) | | | 1,811 | | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (1,560 | ) | | | 1,560 | | | | — | | | | — | | |
Energy UltraSector ProFund | |
Swap Agreements — Goldman Sachs International | | | 282,245 | | | | (147,610 | ) | | | — | | | | 134,635 | | |
Swap Agreements — UBS AG | | | 243,043 | | | | — | | | | — | | | | 243,043 | | |
Falling U.S. Dollar ProFund | |
Forward Currency Contracts — Goldman Sachs International | | | — | | | | — | | | | — | | | | — | | |
Appreciation | | | 5,024 | | | | | | | | |
(Depreciation) | | | (3,859 | ) | | | | | | | |
Net Appreciation | | | 1,165 | | | | — | | | | — | | | | 1,165 | | |
Forward Currency Contracts — UBS AG | |
Appreciation | | | 13,766 | | | | | | | | — | | |
(Depreciation) | | | (6,309 | ) | | | | | | | |
Net Appreciation | | | 7,457 | | | | — | | | | — | | | | 7,457 | | |
Financials UltraSector ProFund | |
Swap Agreements — Goldman Sachs International | | | 202,194 | | | | (202,194 | ) | | | — | | | | — | | |
Swap Agreements — UBS AG | | | 164,715 | | | | — | | | | — | | | | 164,715 | | |
Health Care UltraSector ProFund | |
Swap Agreements — Goldman Sachs International | | | 17,617 | | | | — | | | | — | | | | 17,617 | | |
Swap Agreements — UBS AG | | | 25,957 | | | | — | | | | — | | | | 25,957 | | |
Industrials UltraSector ProFund | |
Swap Agreements — Goldman Sachs International | | | 5,446 | | | | — | | | | — | | | | 5,446 | | |
Swap Agreements — UBS AG | | | 28,947 | | | | — | | | | — | | | | 28,947 | | |
Internet UltraSector ProFund | |
Swap Agreements — Goldman Sachs International | | | (358,717 | ) | | | 358,717 | | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (340,513 | ) | | | 340,513 | | | | — | | | | — | | |
Materials UltraSector ProFund | |
Swap Agreements — Goldman Sachs International | | | 17,812 | | | | — | | | | — | | | | 17,812 | | |
Swap Agreements — UBS AG | | | 29,662 | | | | — | | | | — | | | | 29,662 | | |
Mid-Cap ProFund | |
Swap Agreements — Goldman Sachs International | | | 42,692 | | | | — | | | | — | | | | 42,692 | | |
Swap Agreements — UBS AG | | | 5,154 | | | | — | | | | — | | | | 5,154 | | |
Nasdaq-100 ProFund | |
Swap Agreements — Goldman Sachs International | | | 1,016,630 | | | | — | | | | — | | | | 1,016,630 | | |
Swap Agreements — UBS AG | | | 7,748 | | | | — | | | | — | | | | 7,748 | | |
Oil & Gas Equipment & Services UltraSector ProFund | |
Swap Agreements — Goldman Sachs International | | | 139,405 | | | | — | | | | — | | | | 139,405 | | |
Swap Agreements — UBS AG | | | 176,301 | | | | — | | | | — | | | | 176,301 | | |
Pharmaceuticals UltraSector ProFund | |
Swap Agreements — Goldman Sachs International | | | 25,185 | | | | — | | | | — | | | | 25,185 | | |
Swap Agreements — UBS AG | | | 21,009 | | | | — | | | | — | | | | 21,009 | | |
Precious Metals UltraSector ProFund | |
Swap Agreements — Goldman Sachs International | | | 240,108 | | | | — | | | | — | | | | 240,108 | | |
Swap Agreements — UBS AG | | | 166,816 | | | | — | | | | — | | | | 166,816 | | |
Real Estate UltraSector ProFund | |
Swap Agreements — Goldman Sachs International | | | 8,133 | | | | — | | | | — | | | | 8,133 | | |
Swap Agreements — UBS AG | | | 13,922 | | | | — | | | | — | | | | 13,922 | | |
Rising Rates Opportunity ProFund | |
Swap Agreements — Citibank North America | | | (105,098 | ) | | | 105,098 | | | | — | | | | — | | |
Swap Agreements — Societe' Generale | | | (115,676 | ) | | | 115,676 | | | | — | | | | — | | |
290 :: Notes to Financial Statements :: July 31, 2024
| | | 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 | |
Rising Rates Opportunity 10 ProFund | |
Swap Agreements — Citibank North America | | $ | (20,478 | ) | | $ | 20,478 | | | $ | — | | | $ | — | | |
Swap Agreements — Societe' Generale | | | (6,191 | ) | | | 6,191 | | | | — | | | | — | | |
Rising U.S. Dollar ProFund | |
Forward Currency Contracts — Goldman Sachs International | |
Appreciation | | | 22,376 | | | | | | | | |
(Depreciation) | | | (52,211 | ) | | | | | | | |
Net Depreciation | | | (29,835 | ) | | | — | | | | — | | | | (29,835 | ) | |
Forward Currency Contracts — UBS AG | |
Appreciation | | | 13,072 | | | | | | | | |
(Depreciation) | | | (70,989 | ) | | | | | | | |
Net Depreciation | | | (57,917 | ) | | | 57,917 | | | | — | | | | — | | |
Semiconductor UltraSector ProFund | |
Swap Agreements — Goldman Sachs International | | | (3,513,431 | ) | | | 3,513,431 | | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (5,175,043 | ) | | | 5,175,043 | | | | — | | | | — | | |
Short Energy ProFund | |
Swap Agreements — Goldman Sachs International | | | (9,471 | ) | | | 9,471 | | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (10,486 | ) | | | 10,486 | | | | — | | | | — | | |
Short Nasdaq-100 ProFund | |
Swap Agreements — Goldman Sachs International | | | (12,496 | ) | | | 12,496 | | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (10,006 | ) | | | 10,006 | | | | — | | | | — | | |
Short Precious Metals ProFund | |
Swap Agreements — Goldman Sachs International | | | 52,055 | | | | (52,055 | ) | | | — | | | | — | | |
Swap Agreements — UBS AG | | | 30,996 | | | | — | | | | — | | | | 30,996 | | |
Short Real Estate ProFund | |
Swap Agreements — Goldman Sachs International | | | (4,530 | ) | | | 4,530 | | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (4,309 | ) | | | 4,309 | | | | — | | | | — | | |
Short Small-Cap ProFund | |
Swap Agreements — Goldman Sachs International | | | (2,079 | ) | | | 2,079 | | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (3,407 | ) | | | 3,407 | | | | — | | | | — | | |
Small-Cap ProFund | |
Swap Agreements — Goldman Sachs International | | | 28,439 | | | | — | | | | — | | | | 28,439 | | |
Swap Agreements — UBS AG | | | 3,433 | | | | — | | | | — | | | | 3,433 | | |
Technology UltraSector ProFund | |
Swap Agreements — Goldman Sachs International | | | (1,044,530 | ) | | | 1,044,530 | | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (930,539 | ) | | | 930,539 | | | | — | | | | — | | |
UltraBear ProFund | |
Swap Agreements — Goldman Sachs International | | | (46,044 | ) | | | 46,044 | | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (81,088 | ) | | | 81,088 | | | | — | | | | — | | |
UltraBull ProFund | |
Swap Agreements — Goldman Sachs International | | | 883,245 | | | | — | | | | — | | | | 883,245 | | |
Swap Agreements — UBS AG | | | 841,937 | | | | — | | | | — | | | | 841,937 | | |
UltraChina ProFund | |
Swap Agreements — Goldman Sachs International | | | (24,262 | ) | | | 24,262 | | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (46,412 | ) | | | 46,412 | | | | — | | | | — | | |
UltraDow 30 ProFund | |
Swap Agreements — Goldman Sachs International | | | 215,029 | | | | (152,971 | ) | | | — | | | | 62,058 | | |
Swap Agreements — UBS AG | | | 136,469 | | | | (91,623 | ) | | | — | | | | 44,846 | | |
UltraEmerging Markets ProFund | |
Swap Agreements — Goldman Sachs International | | | 29,420 | | | | — | | | | — | | | | 29,420 | | |
Swap Agreements — UBS AG | | | 13,184 | | | | — | | | | — | | | | 13,184 | | |
UltraInternational ProFund | |
Swap Agreements — Goldman Sachs International | | | 75,762 | | | | — | | | | — | | | | 75,762 | | |
Swap Agreements — UBS AG | | | 31,792 | | | | — | | | | — | | | | 31,792 | | |
UltraJapan ProFund | |
Swap Agreements — Goldman Sachs International | | | 3,341 | | | | — | | | | — | | | | 3,341 | | |
UltraLatin America ProFund | |
Swap Agreements — Goldman Sachs International | | | 28,764 | | | | — | | | | (6 | ) | | | 28,758 | | |
Swap Agreements — UBS AG | | | 25,245 | | | | — | | | | — | | | | 25,245 | | |
July 31, 2024 :: Notes to Financial Statements :: 291
| | | 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 | |
UltraMid-Cap ProFund | |
Swap Agreements — Goldman Sachs International | | $ | 310,427 | | | $ | (127,976 | ) | | $ | — | | | $ | 182,451 | | |
Swap Agreements — UBS AG | | | 222,142 | | | | (94,926 | ) | | | — | | | | 127,216 | | |
UltraNasdaq-100 ProFund | |
Swap Agreements — Goldman Sachs International | | | 11,273,758 | | | | — | | | | — | | | | 11,273,758 | | |
Swap Agreements — UBS AG | | | 5,873,484 | | | | — | | | | — | | | | 5,873,484 | | |
UltraShort China ProFund | |
Swap Agreements — Goldman Sachs International | | | 4,586 | | | | — | | | | — | | | | 4,586 | | |
Swap Agreements — UBS AG | | | 3,715 | | | | — | | | | — | | | | 3,715 | | |
UltraShort Dow 30 ProFund | |
Swap Agreements — Goldman Sachs International | | | (13,389 | ) | | | 13,389 | | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (12,002 | ) | | | 12,002 | | | | — | | | | — | | |
UltraShort Emerging Markets ProFund | |
Swap Agreements — Goldman Sachs International | | | (2,968 | ) | | | 2,968 | | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (4,538 | ) | | | 4,538 | | | | — | | | | — | | |
UltraShort International ProFund | |
Swap Agreements — Goldman Sachs International | | | (15,158 | ) | | | 15,158 | | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (40,838 | ) | | | 40,838 | | | | — | | | | — | | |
UltraShort Japan ProFund | |
Swap Agreements — Goldman Sachs International | | | (4,538 | ) | | | 4,538 | | | | — | | | | — | | |
UltraShort Latin America ProFund | |
Swap Agreements — Goldman Sachs International | | | (7,089 | ) | | | 7,089 | | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (9,410 | ) | | | 9,410 | | | | — | | | | — | | |
UltraShort Mid-Cap ProFund | |
Swap Agreements — Goldman Sachs International | | | (4,727 | ) | | | 4,727 | | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (6,463 | ) | | | 6,463 | | | | — | | | | — | | |
UltraShort Nasdaq-100 ProFund | |
Swap Agreements — Goldman Sachs International | | | 32,947 | | | | (32,947 | ) | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (238,063 | ) | | | 238,063 | | | | — | | | | — | | |
UltraShort Small-Cap ProFund | |
Swap Agreements — Goldman Sachs International | | | (9,817 | ) | | | 9,817 | | | | — | | | | — | | |
Swap Agreements — UBS AG | | | (28,712 | ) | | | 28,712 | | | | — | | | | — | | |
UltraSmall-Cap ProFund | |
Swap Agreements — Goldman Sachs International | | | 394,776 | | | | (170,968 | ) | | | — | | | | 223,808 | | |
Swap Agreements — UBS AG | | | 287,919 | | | | (120,646 | ) | | | — | | | | 167,273 | | |
U.S. Government Plus ProFund | |
Swap Agreements — Citibank North America | | | 246,158 | | | | — | | | | — | | | | 246,158 | | |
Swap Agreements — Societe' Generale | | | 25,224 | | | | — | | | | — | | | | 25,224 | | |
Utilities UltraSector ProFund | |
Swap Agreements — Goldman Sachs International | | | 474,847 | | | | (313,954 | ) | | | — | | | | 160,893 | | |
Swap Agreements — UBS AG | | | 406,767 | | | | (261,606 | ) | | | — | | | | 145,161 | | |
* 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.
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,
292 :: Notes to Financial Statements :: July 31, 2024
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, 2024:
| | |
Value of
Securities on
Loan | | Value of
Cash
Collateral
Received* | |
Biotechnology UltraSector ProFund | | $ | 1,394,560 | | | $ | 1,418,753 | | |
Europe 30 ProFund | | | 292,824 | | | | 296,101 | | |
Mid-Cap Growth ProFund | | | 6,910 | | | | 7,179 | | |
Mid-Cap ProFund | | | 8,181 | | | | 8,448 | | |
Mid-Cap Value ProFund | | | 6,245 | | | | 6,481 | | |
Pharmaceuticals UltraSector ProFund | | | 51,617 | | | | 41,814 | | |
Small-Cap Growth ProFund | | | 3,928 | | | | 4,055 | | |
Small-Cap ProFund | | | 26,254 | | | | 27,000 | | |
Small-Cap Value ProFund | | | 70,053 | | | | 72,466 | | |
UltraChina ProFund | | | 565,455 | | | | 594,085 | | |
UltraEmerging Markets ProFund | | | 476,873 | | | | 497,573 | | |
UltraLatin America ProFund | | | 263,672 | | | | 264,761 | | |
UltraMid-Cap ProFund | | | 46,291 | | | | 47,809 | | |
* Collateral received in the form of cash was reinvested in securities shown in the Collateral for Securities Loaned section of the Schedule of Portfolio Investments.
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, Real Estate UltraSector 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. U.S. Government Plus ProFund declares dividend 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
July 31, 2024 :: Notes to Financial Statements :: 293
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 and mark-to-market on derivative instruments) 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
Pursuant to Rule 2a-5 (the "Rule"), the Trust's Board of Trustees designated the Advisor the "Valuation Designee" as contemplated by the Rule. The Valuation Designee is responsible for assessing and managing valuation risks, administering the pricing and valuation guidelines approved by the Board of Trustees, and overseeing pricing services utilized in valuing the Trust's security holdings, among other responsibilities outlined in the Rule. 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 the pricing and valuation guidelines. 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, as described below.
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 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
294 :: Notes to Financial Statements :: July 31, 2024
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 above.
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 above may be applied.
For the year ended July 31, 2024, 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, 2024, 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 | | $ | — | | | $ | — | | | $ | 58,000 | | | $ | — | | | $ | 58,000 | | | $ | — | | |
Futures Contracts | | | — | | | | (5,583 | ) | | | — | | | | — | | | | — | | | | (5,583 | ) | |
Credit Default Swap Agreements | | | — | | | | — | | | | — | | | | 662 | | | | — | | | | 662 | | |
Total | | $ | — | | | $ | (5,583 | ) | | $ | 58,000 | | | $ | 662 | | | $ | 58,000 | | | $ | (4,921 | ) | |
Access Flex High Yield ProFund | |
U.S. Treasury Obligation | | $ | — | | | $ | — | | | $ | 6,971,680 | | | $ | — | | | $ | 6,971,680 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 3,348,000 | | | | — | | | | 3,348,000 | | | | — | | |
Futures Contracts | | | — | | | | 13,818 | | | | — | | | | — | | | | — | | | | 13,818 | | |
Credit Default Swap Agreements | | | — | | | | — | | | | — | | | | (14,447 | ) | | | — | | | | (14,447 | ) | |
Total | | $ | — | | | $ | 13,818 | | | $ | 10,319,680 | | | $ | (14,447 | ) | | $ | 10,319,680 | | | $ | (629 | ) | |
Banks UltraSector ProFund | |
Common Stocks | | $ | 8,897,900 | | | $ | — | | | $ | — | | | $ | — | | | $ | 8,897,900 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 2,885,000 | | | | — | | | | 2,885,000 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 61,943 | | | | — | | | | 61,943 | | |
Total | | $ | 8,897,900 | | | $ | — | | | $ | 2,885,000 | | | $ | 61,943 | | | $ | 11,782,900 | | | $ | 61,943 | | |
Bear ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 5,126,000 | | | $ | — | | | $ | 5,126,000 | | | $ | — | | |
Futures Contracts | | | — | | | | (6,549 | ) | | | — | | | | — | | | | — | | | | (6,549 | ) | |
Swap Agreements | | | — | | | | — | | | | — | | | | (49,893 | ) | | | — | | | | (49,893 | ) | |
Total | | $ | — | | | $ | (6,549 | ) | | $ | 5,126,000 | | | $ | (49,893 | ) | | $ | 5,126,000 | | | $ | (56,442 | ) | |
Biotechnology UltraSector ProFund | |
Common Stocks | | $ | 85,797,401 | | | $ | — | | | $ | — | | | $ | — | | | $ | 85,797,401 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 23,828,000 | | | | — | | | | 23,828,000 | | | | — | | |
Collateral for Securities Loaned | | | 1,418,753 | | | | — | | | | — | | | | — | | | | 1,418,753 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (707,530 | ) | | | — | | | | (707,530 | ) | |
Total | | $ | 87,216,154 | | | $ | — | | | $ | 23,828,000 | | | $ | (707,530 | ) | | $ | 111,044,154 | | | $ | (707,530 | ) | |
July 31, 2024 :: Notes to Financial Statements :: 295
| | | 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^ | |
Bull ProFund | |
Common Stocks | | $ | 43,590,134 | | | $ | — | | | $ | — | | | $ | — | | | $ | 43,590,134 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 7,899,000 | | | | — | | | | 7,899,000 | | | | — | | |
Futures Contracts | | | — | | | | (46,773 | ) | | | — | | | | — | | | | — | | | | (46,773 | ) | |
Swap Agreements | | | — | | | | — | | | | — | | | | 32,745 | | | | — | | | | 32,745 | | |
Total | | $ | 43,590,134 | | | $ | (46,773 | ) | | $ | 7,899,000 | | | $ | 32,745 | | | $ | 51,489,134 | | | $ | (14,028 | ) | |
Communication Services UltraSector ProFund | |
Common Stocks | | $ | 7,538,571 | | | $ | — | | | $ | — | | | $ | — | | | $ | 7,538,571 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 1,916,000 | | | | — | | | | 1,916,000 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (28,853 | ) | | | — | | | | (28,853 | ) | |
Total | | $ | 7,538,571 | | | $ | — | | | $ | 1,916,000 | | | $ | (28,853 | ) | | $ | 9,454,571 | | | $ | (28,853 | ) | |
Consumer Discretionary UltraSector ProFund | |
Common Stocks | | $ | 40,156,961 | | | $ | — | | | $ | — | | | $ | — | | | $ | 40,156,961 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 11,793,000 | | | | — | | | | 11,793,000 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (404,228 | ) | | | — | | | | (404,228 | ) | |
Total | | $ | 40,156,961 | | | $ | — | | | $ | 11,793,000 | | | $ | (404,228 | ) | | $ | 51,949,961 | | | $ | (404,228 | ) | |
Consumer Staples UltraSector ProFund | |
Common Stocks | | $ | 2,810,226 | | | $ | — | | | $ | — | | | $ | — | | | $ | 2,810,226 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 649,000 | | | | — | | | | 649,000 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (3,371 | ) | | | — | | | | (3,371 | ) | |
Total | | $ | 2,810,226 | | | $ | — | | | $ | 649,000 | | | $ | (3,371 | ) | | $ | 3,459,226 | | | $ | (3,371 | ) | |
Energy UltraSector ProFund | |
Common Stocks | | $ | 21,117,851 | | | $ | — | | | $ | — | | | $ | — | | | $ | 21,117,851 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 4,708,000 | | | | — | | | | 4,708,000 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 525,288 | | | | — | | | | 525,288 | | |
Total | | $ | 21,117,851 | | | $ | — | | | $ | 4,708,000 | | | $ | 525,288 | | | $ | 25,825,851 | | | $ | 525,288 | | |
Europe 30 ProFund | |
Common Stocks | | $ | 4,213,926 | | | $ | — | | | $ | — | | | $ | — | | | $ | 4,213,926 | | | $ | — | | |
Collateral for Securities Loaned | | | 296,101 | | | | — | | | | — | | | | — | | | | 296,101 | | | | — | | |
Total | | $ | 4,510,027 | | | $ | — | | | $ | — | | | $ | — | | | $ | 4,510,027 | | | $ | — | | |
Falling U.S. Dollar ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 1,128,000 | | | $ | — | | | $ | 1,128,000 | | | $ | — | | |
Forward Currency Contracts | | | — | | | | — | | | | — | | | | 8,622 | | | | — | | | | 8,622 | | |
Total | | $ | — | | | $ | — | | | $ | 1,128,000 | | | $ | 8,622 | | | $ | 1,128,000 | | | $ | 8,622 | | |
Financials UltraSector ProFund | |
Common Stocks | | $ | 25,755,619 | | | $ | — | | | $ | — | | | $ | — | | | $ | 25,755,619 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 9,291,000 | | | | — | | | | 9,291,000 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 366,909 | | | | — | | | | 366,909 | | |
Total | | $ | 25,755,619 | | | $ | — | | | $ | 9,291,000 | | | $ | 366,909 | | | $ | 35,046,619 | | | $ | 366,909 | | |
Health Care UltraSector ProFund | |
Common Stocks | | $ | 12,640,086 | | | $ | — | | | $ | — | | | $ | — | | | $ | 12,640,086 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 3,985,000 | | | | — | | | | 3,985,000 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 43,574 | | | | — | | | | 43,574 | | |
Total | | $ | 12,640,086 | | | $ | — | | | $ | 3,985,000 | | | $ | 43,574 | | | $ | 16,625,086 | | | $ | 43,574 | | |
Industrials UltraSector ProFund | |
Common Stocks | | $ | 5,045,177 | | | $ | — | | | $ | — | | | $ | — | | | $ | 5,045,177 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 978,000 | | | | — | | | | 978,000 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 34,393 | | | | — | | | | 34,393 | | |
Total | | $ | 5,045,177 | | | $ | — | | | $ | 978,000 | | | $ | 34,393 | | | $ | 6,023,177 | | | $ | 34,393 | | |
296 :: Notes to Financial Statements :: July 31, 2024
| | | 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^ | |
Internet UltraSector ProFund | |
Common Stocks | | $ | 66,668,140 | | | $ | — | | | $ | — | | | $ | — | | | $ | 66,668,140 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 12,153,000 | | | | — | | | | 12,153,000 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (699,230 | ) | | | — | | | | (699,230 | ) | |
Total | | $ | 66,668,140 | | | $ | — | | | $ | 12,153,000 | | | $ | (699,230 | ) | | $ | 78,821,140 | | | $ | (699,230 | ) | |
Large-Cap Growth ProFund | |
Common Stocks | | $ | 22,987,985 | | | $ | — | | | $ | — | | | $ | — | | | $ | 22,987,985 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 88,000 | | | | — | | | | 88,000 | | | | — | | |
Total | | $ | 22,987,985 | | | $ | — | | | $ | 88,000 | | | $ | — | | | $ | 23,075,985 | | | $ | — | | |
Large-Cap Value ProFund | |
Common Stocks | | $ | 7,161,702 | | | $ | — | | | $ | — | | | $ | — | | | $ | 7,161,702 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 54,000 | | | | — | | | | 54,000 | | | | — | | |
Total | | $ | 7,161,702 | | | $ | — | | | $ | 54,000 | | | $ | — | | | $ | 7,215,702 | | | $ | — | | |
Materials UltraSector ProFund | |
Common Stocks | | $ | 4,422,033 | | | $ | — | | | $ | — | | | $ | — | | | $ | 4,422,033 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 863,000 | | | | — | | | | 863,000 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 47,474 | | | | — | | | | 47,474 | | |
Total | | $ | 4,422,033 | | | $ | — | | | $ | 863,000 | | | $ | 47,474 | | | $ | 5,285,033 | | | $ | 47,474 | | |
Mid-Cap Growth ProFund | |
Common Stocks | | $ | 5,636,151 | | | $ | — | | | $ | — | | | $ | — | | | $ | 5,636,151 | | | $ | — | | |
Collateral for Securities Loaned | | | 7,179 | | | | — | | | | — | | | | — | | | | 7,179 | | | | — | | |
Total | | $ | 5,643,330 | | | $ | — | | | $ | — | | | $ | — | | | $ | 5,643,330 | | | $ | — | | |
Mid-Cap ProFund | |
Common Stocks | | $ | 5,089,470 | | | $ | — | | | $ | — | | | $ | — | | | $ | 5,089,470 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 5,272,000 | | | | — | | | | 5,272,000 | | | | — | | |
Collateral for Securities Loaned | | | 8,448 | | | | — | | | | — | | | | — | | | | 8,448 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 47,846 | | | | — | | | | 47,846 | | |
Total | | $ | 5,097,918 | | | $ | — | | | $ | 5,272,000 | | | $ | 47,846 | | | $ | 10,369,918 | | | $ | 47,846 | | |
Mid-Cap Value ProFund | |
Common Stocks | | $ | 4,517,937 | | | $ | — | | | $ | — | | | $ | — | | | $ | 4,517,937 | | | $ | — | | |
Collateral for Securities Loaned | | | 6,481 | | | | — | | | | — | | | | — | | | | 6,481 | | | | — | | |
Total | | $ | 4,524,418 | | | $ | — | | | $ | — | | | $ | — | | | $ | 4,524,418 | | | $ | — | | |
Nasdaq-100 ProFund | |
Common Stocks | | $ | 72,002,204 | | | $ | — | | | $ | — | | | $ | — | | | $ | 72,002,204 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 72,984,000 | | | | — | | | | 72,984,000 | | | | — | | |
Futures Contracts | | | — | | | | (90,716 | ) | | | — | | | | — | | | | — | | | | (90,716 | ) | |
Swap Agreements | | | — | | | | — | | | | — | | | | 1,024,378 | | | | — | | | | 1,024,378 | | |
Total | | $ | 72,002,204 | | | $ | (90,716 | ) | | $ | 72,984,000 | | | $ | 1,024,378 | | | $ | 144,986,204 | | | $ | 933,662 | | |
Oil & Gas Equipment & Services UltraSector ProFund | |
Common Stocks | | $ | 11,883,558 | | | $ | — | | | $ | — | | | $ | — | | | $ | 11,883,558 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 2,294,000 | | | | — | | | | 2,294,000 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 315,706 | | | | — | | | | 315,706 | | |
Total | | $ | 11,883,558 | | | $ | — | | | $ | 2,294,000 | | | $ | 315,706 | | | $ | 14,177,558 | | | $ | 315,706 | | |
Pharmaceuticals UltraSector ProFund | |
Common Stocks | | $ | 2,485,239 | | | $ | — | | | $ | — | | | $ | — | | | $ | 2,485,239 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 553,000 | | | | — | | | | 553,000 | | | | — | | |
Collateral for Securities Loaned | | | 41,814 | | | | — | | | | — | | | | — | | | | 41,814 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 46,194 | | | | — | | | | 46,194 | | |
Total | | $ | 2,527,053 | | | $ | — | | | $ | 553,000 | | | $ | 46,194 | | | $ | 3,080,053 | | | $ | 46,194 | | |
July 31, 2024 :: Notes to Financial Statements :: 297
| | | 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^ | |
Precious Metals UltraSector ProFund | |
Common Stocks | | $ | 22,249,663 | | | $ | — | | | $ | — | | | $ | — | | | $ | 22,249,663 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 7,483,000 | | | | — | | | | 7,483,000 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 406,924 | | | | — | | | | 406,924 | | |
Total | | $ | 22,249,663 | | | $ | — | | | $ | 7,483,000 | | | $ | 406,924 | | | $ | 29,732,663 | | | $ | 406,924 | | |
Real Estate UltraSector ProFund | |
Common Stocks | | $ | 4,048,803 | | | $ | — | | | $ | — | | | $ | — | | | $ | 4,048,803 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 1,340,000 | | | | — | | | | 1,340,000 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 22,055 | | | | — | | | | 22,055 | | |
Total | | $ | 4,048,803 | | | $ | — | | | $ | 1,340,000 | | | $ | 22,055 | | | $ | 5,388,803 | | | $ | 22,055 | | |
Rising Rates Opportunity ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 9,190,000 | | | $ | — | | | $ | 9,190,000 | | | $ | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (220,774 | ) | | | — | | | | (220,774 | ) | |
Total | | $ | — | | | $ | — | | | $ | 9,190,000 | | | $ | (220,774 | ) | | $ | 9,190,000 | | | $ | (220,774 | ) | |
Rising Rates Opportunity 10 ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 1,993,000 | | | $ | — | | | $ | 1,993,000 | | | $ | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (26,669 | ) | | | — | | | | (26,669 | ) | |
Total | | $ | — | | | $ | — | | | $ | 1,993,000 | | | $ | (26,669 | ) | | $ | 1,993,000 | | | $ | (26,669 | ) | |
Rising U.S. Dollar ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 9,237,000 | | | $ | — | | | $ | 9,237,000 | | | $ | — | | |
Forward Currency Contracts | | | — | | | | — | | | | — | | | | (87,752 | ) | | | — | | | | (87,752 | ) | |
Total | | $ | — | | | $ | — | | | $ | 9,237,000 | | | $ | (87,752 | ) | | $ | 9,237,000 | | | $ | (87,752 | ) | |
Semiconductor UltraSector ProFund | |
Common Stocks | | $ | 183,759,578 | | | $ | — | | | $ | — | | | $ | — | | | $ | 183,759,578 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 110,633,000 | | | | — | | | | 110,633,000 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (8,688,474 | ) | | | — | | | | (8,688,474 | ) | |
Total | | $ | 183,759,578 | | | $ | — | | | $ | 110,633,000 | | | $ | (8,688,474 | ) | | $ | 294,392,578 | | | $ | (8,688,474 | ) | |
Short Energy ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 519,000 | | | $ | — | | | $ | 519,000 | | | $ | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (19,957 | ) | | | — | | | | (19,957 | ) | |
Total | | $ | — | | | $ | — | | | $ | 519,000 | | | $ | (19,957 | ) | | $ | 519,000 | | | $ | (19,957 | ) | |
Short Nasdaq-100 ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 1,654,000 | | | $ | — | | | $ | 1,654,000 | | | $ | — | | |
Futures Contracts | | | — | | | | 5,036 | | | | — | | | | — | | | | — | | | | 5,036 | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (22,502 | ) | | | — | | | | (22,502 | ) | |
Total | | $ | — | | | $ | 5,036 | | | $ | 1,654,000 | | | $ | (22,502 | ) | | $ | 1,654,000 | | | $ | (17,466 | ) | |
Short Precious Metals ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 621,000 | | | $ | — | | | $ | 621,000 | | | $ | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 83,051 | | | | — | | | | 83,051 | | |
Total | | $ | — | | | $ | — | | | $ | 621,000 | | | $ | 83,051 | | | $ | 621,000 | | | $ | 83,051 | | |
Short Real Estate ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 1,164,000 | | | $ | — | | | $ | 1,164,000 | | | $ | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (8,839 | ) | | | — | | | | (8,839 | ) | |
Total | | $ | — | | | $ | — | | | $ | 1,164,000 | | | $ | (8,839 | ) | | $ | 1,164,000 | | | $ | (8,839 | ) | |
Short Small-Cap ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 554,000 | | | $ | — | | | $ | 554,000 | | | $ | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (5,486 | ) | | | — | | | | (5,486 | ) | |
Total | | $ | — | | | $ | — | | | $ | 554,000 | | | $ | (5,486 | ) | | $ | 554,000 | | | $ | (5,486 | ) | |
298 :: Notes to Financial Statements :: July 31, 2024
| | | 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^ | |
Small-Cap Growth ProFund | |
Common Stocks | | $ | 6,717,195 | | | $ | — | | | $ | — | | | $ | — | | | $ | 6,717,195 | | | $ | — | | |
Collateral for Securities Loaned | | | 4,055 | | | | — | | | | — | | | | — | | | | 4,055 | | | | — | | |
Total | | $ | 6,721,250 | | | $ | — | | | $ | — | | | $ | — | | | $ | 6,721,250 | | | $ | — | | |
Small-Cap ProFund | |
Common Stocks | | $ | 2,538,712 | | | $ | — | | | $ | — | | | $ | — | | | $ | 2,538,712 | | | $ | — | | |
Rights | | | — | | | | — | | | | 18 | | | | — | | | | 18 | | | | — | | |
Trust* | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | |
Repurchase Agreements | | | — | | | | — | | | | 2,413,000 | | | | — | | | | 2,413,000 | | | | — | | |
Collateral for Securities Loaned | | | 27,000 | | | | — | | | | — | | | | — | | | | 27,000 | | | | — | | |
Futures Contracts | | | — | | | | 30,193 | | | | — | | | | — | | | | — | | | | 30,193 | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 31,872 | | | | — | | | | 31,872 | | |
Total | | $ | 2,565,712 | | | $ | 30,193 | | | $ | 2,413,018 | | | $ | 31,872 | | | $ | 4,978,730 | | | $ | 62,065 | | |
Small-Cap Value ProFund | |
Common Stocks | | $ | 51,931,640 | | | $ | — | | | $ | — | | | $ | — | | | $ | 51,931,640 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 30,000 | | | | — | | | | 30,000 | | | | — | | |
Collateral for Securities Loaned | | | 72,466 | | | | — | | | | — | | | | — | | | | 72,466 | | | | — | | |
Total | | $ | 52,004,106 | | | $ | — | | | $ | 30,000 | | | $ | — | | | $ | 52,034,106 | | | $ | — | | |
Technology UltraSector ProFund | |
Common Stocks | | $ | 76,257,693 | | | $ | — | | | $ | — | | | $ | — | | | $ | 76,257,693 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 15,663,000 | | | | — | | | | 15,663,000 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (1,975,069 | ) | | | — | | | | (1,975,069 | ) | |
Total | | $ | 76,257,693 | | | $ | — | | | $ | 15,663,000 | | | $ | (1,975,069 | ) | | $ | 91,920,693 | | | $ | (1,975,069 | ) | |
UltraBear ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 6,258,000 | | | $ | — | | | $ | 6,258,000 | | | $ | — | | |
Futures Contracts | | | — | | | | (9,824 | ) | | | — | | | | — | | | | — | | | | (9,824 | ) | |
Swap Agreements | | | — | | | | — | | | | — | | | | (127,132 | ) | | | — | | | | (127,132 | ) | |
Total | | $ | — | | | $ | (9,824 | ) | | $ | 6,258,000 | | | $ | (127,132 | ) | | $ | 6,258,000 | | | $ | (136,956 | ) | |
UltraBull ProFund | |
Common Stocks | | $ | 103,890,534 | | | $ | — | | | $ | — | | | $ | — | | | $ | 103,890,534 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 38,342,000 | | | | — | | | | 38,342,000 | | | | — | | |
Futures Contracts | | | — | | | | 17,151 | | | | — | | | | — | | | | — | | | | 17,151 | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 1,725,182 | | | | — | | | | 1,725,182 | | |
Total | | $ | 103,890,534 | | | $ | 17,151 | | | $ | 38,342,000 | | | $ | 1,725,182 | | | $ | 142,232,534 | | | $ | 1,742,333 | | |
UltraChina ProFund | |
Common Stocks | | $ | 15,113,405 | | | $ | — | | | $ | — | | | $ | — | | | $ | 15,113,405 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 2,260,000 | | | | — | | | | 2,260,000 | | | | — | | |
Collateral for Securities Loaned | | | 594,085 | | | | — | | | | — | | | | — | | | | 594,085 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (70,674 | ) | | | — | | | | (70,674 | ) | |
Total | | $ | 15,707,490 | | | $ | — | | | $ | 2,260,000 | | | $ | (70,674 | ) | | $ | 17,967,490 | | | $ | (70,674 | ) | |
UltraDow 30 ProFund | |
Common Stocks | | $ | 25,611,872 | | | $ | — | | | $ | — | | | $ | — | | | $ | 25,611,872 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 13,686,000 | | | | — | | | | 13,686,000 | | | | — | | |
Futures Contracts | | | — | | | | 201,555 | | | | — | | | | — | | | | — | | | | 201,555 | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 351,498 | | | | — | | | | 351,498 | | |
Total | | $ | 25,611,872 | | | $ | 201,555 | | | $ | 13,686,000 | | | $ | 351,498 | | | $ | 39,297,872 | | | $ | 553,053 | | |
UltraEmerging Markets ProFund | |
Common Stocks | | $ | 5,956,366 | | | $ | — | | | $ | — | | | $ | — | | | $ | 5,956,366 | | | $ | — | | |
Preferred Stock | | | 137,759 | | | | — | | | | — | | | | — | | | | 137,759 | | | | — | | |
Repurchase Agreements | | | — | | | | — | | | | 879,000 | | | | — | | | | 879,000 | | | | — | | |
Collateral for Securities Loaned | | | 497,573 | | | | — | | | | — | | | | — | | | | 497,573 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 42,604 | | | | — | | | | 42,604 | | |
Total | | $ | 6,591,698 | | | $ | — | | | $ | 879,000 | | | $ | 42,604 | | | $ | 7,470,698 | | | $ | 42,604 | | |
July 31, 2024 :: Notes to Financial Statements :: 299
| | | 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^ | |
UltraInternational ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 3,234,000 | | | $ | — | | | $ | 3,234,000 | | | $ | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 107,554 | | | | — | | | | 107,554 | | |
Total | | $ | — | | | $ | — | | | $ | 3,234,000 | | | $ | 107,554 | | | $ | 3,234,000 | | | $ | 107,554 | | |
UltraJapan ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 19,437,000 | | | $ | — | | | $ | 19,437,000 | | | $ | — | | |
Futures Contracts | | | — | | | | (38,534 | ) | | | — | | | | — | | | | — | | | | (38,534 | ) | |
Swap Agreement | | | — | | | | — | | | | — | | | | 3,341 | | | | — | | | | 3,341 | | |
Total | | $ | — | | | $ | (38,534 | ) | | $ | 19,437,000 | | | $ | 3,341 | | | $ | 19,437,000 | | | $ | (35,193 | ) | |
UltraLatin America ProFund | |
Common Stocks | | $ | 5,527,770 | | | $ | — | | | $ | — | | | $ | — | | | $ | 5,527,770 | | | $ | — | | |
Preferred Stock | | | 567,301 | | | | — | | | | — | | | | — | | | | 567,301 | | | | — | | |
Repurchase Agreements | | | — | | | | — | | | | 917,000 | | | | — | | | | 917,000 | | | | — | | |
Collateral for Securities Loaned | | | 264,761 | | | | — | | | | — | | | | — | | | | 264,761 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 54,009 | | | | — | | | | 54,009 | | |
Total | | $ | 6,359,832 | | | $ | — | | | $ | 917,000 | | | $ | 54,009 | | | $ | 7,276,832 | | | $ | 54,009 | | |
UltraMid-Cap ProFund | |
Common Stocks | | $ | 29,594,405 | | | $ | — | | | $ | — | | | $ | — | | | $ | 29,594,405 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 17,758,000 | | | | — | | | | 17,758,000 | | | | — | | |
Collateral for Securities Loaned | | | 47,809 | | | | — | | | | — | | | | — | | | | 47,809 | | | | — | | |
Futures Contracts | | | — | | | | 285,728 | | | | — | | | | — | | | | — | | | | 285,728 | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 532,569 | | | | — | | | | 532,569 | | |
Total | | $ | 29,642,214 | | | $ | 285,728 | | | $ | 17,758,000 | | | $ | 532,569 | | | $ | 47,400,214 | | | $ | 818,297 | | |
UltraNasdaq-100 ProFund | |
Common Stocks | | $ | 723,577,427 | | | $ | — | | | $ | — | | | $ | — | | | $ | 723,577,427 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 230,689,000 | | | | — | | | | 230,689,000 | | | | — | | |
Futures Contracts | | | — | | | | (877,474 | ) | | | — | | | | — | | | | — | | | | (877,474 | ) | |
Swap Agreements | | | — | | | | — | | | | — | | | | 17,147,242 | | | | — | | | | 17,147,242 | | |
Total | | $ | 723,577,427 | | | $ | (877,474 | ) | | $ | 230,689,000 | | | $ | 17,147,242 | | | $ | 954,266,427 | | | $ | 16,269,768 | | |
UltraShort China ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 990,000 | | | $ | — | | | $ | 990,000 | | | $ | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 8,301 | | | | — | | | | 8,301 | | |
Total | | $ | — | | | $ | — | | | $ | 990,000 | | | $ | 8,301 | | | $ | 990,000 | | | $ | 8,301 | | |
UltraShort Dow 30 ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 1,865,000 | | | $ | — | | | $ | 1,865,000 | | | $ | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (25,391 | ) | | | — | | | | (25,391 | ) | |
Total | | $ | — | | | $ | — | | | $ | 1,865,000 | | | $ | (25,391 | ) | | $ | 1,865,000 | | | $ | (25,391 | ) | |
UltraShort Emerging Markets ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 361,000 | | | $ | — | | | $ | 361,000 | | | $ | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (7,506 | ) | | | — | | | | (7,506 | ) | |
Total | | $ | — | | | $ | — | | | $ | 361,000 | | | $ | (7,506 | ) | | $ | 361,000 | | | $ | (7,506 | ) | |
UltraShort International ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 1,721,000 | | | $ | — | | | $ | 1,721,000 | | | $ | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (55,996 | ) | | | — | | | | (55,996 | ) | |
Total | | $ | — | | | $ | — | | | $ | 1,721,000 | | | $ | (55,996 | ) | | $ | 1,721,000 | | | $ | (55,996 | ) | |
UltraShort Japan ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 1,129,000 | | | $ | — | | | $ | 1,129,000 | | | $ | — | | |
Futures Contracts | | | — | | | | 101,190 | | | | — | | | | — | | | | — | | | | 101,190 | | |
Swap Agreement | | | — | | | | — | | | | — | | | | (4,538 | ) | | | — | | | | (4,538 | ) | |
Total | | $ | — | | | $ | 101,190 | | | $ | 1,129,000 | | | $ | (4,538 | ) | | $ | 1,129,000 | | | $ | 96,652 | | |
300 :: Notes to Financial Statements :: July 31, 2024
| | | 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^ | |
UltraShort Latin America ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 1,234,000 | | | $ | — | | | $ | 1,234,000 | | | $ | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (16,499 | ) | | | — | | | | (16,499 | ) | |
Total | | $ | — | | | $ | — | | | $ | 1,234,000 | | | $ | (16,499 | ) | | $ | 1,234,000 | | | $ | (16,499 | ) | |
UltraShort Mid-Cap ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 613,000 | | | $ | — | | | $ | 613,000 | | | $ | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (11,190 | ) | | | — | | | | (11,190 | ) | |
Total | | $ | — | | | $ | — | | | $ | 613,000 | | | $ | (11,190 | ) | | $ | 613,000 | | | $ | (11,190 | ) | |
UltraShort Nasdaq-100 ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 9,858,000 | | | $ | — | | | $ | 9,858,000 | | | $ | — | | |
Futures Contracts | | | — | | | | 30,216 | | | | — | | | | — | | | | — | | | | 30,216 | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (205,116 | ) | | | — | | | | (205,116 | ) | |
Total | | $ | — | | | $ | 30,216 | | | $ | 9,858,000 | | | $ | (205,116 | ) | | $ | 9,858,000 | | | $ | (174,900 | ) | |
UltraShort Small-Cap ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 2,799,000 | | | $ | — | | | $ | 2,799,000 | | | $ | — | | |
Futures Contracts | | | — | | | | 1,240 | | | | — | | | | — | | | | — | | | | 1,240 | | |
Swap Agreements | | | — | | | | — | | | | — | | | | (38,529 | ) | | | — | | | | (38,529 | ) | |
Total | | $ | — | | | $ | 1,240 | | | $ | 2,799,000 | | | $ | (38,529 | ) | | $ | 2,799,000 | | | $ | (37,289 | ) | |
UltraSmall-Cap ProFund | |
Common Stocks | | $ | 33,820,966 | | | $ | — | | | $ | — | | | $ | — | | | $ | 33,820,966 | | | $ | — | | |
Rights | | | — | | | | — | | | | 298 | | | | — | | | | 298 | | | | — | | |
Trust* | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | |
Repurchase Agreements | | | — | | | | — | | | | 24,584,000 | | | | — | | | | 24,584,000 | | | | — | | |
Futures Contracts | | | — | | | | 429,209 | | | | — | | | | — | | | | — | | | | 429,209 | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 682,695 | | | | — | | | | 682,695 | | |
Total | | $ | 33,820,966 | | | $ | 429,209 | | | $ | 24,584,298 | | | $ | 682,695 | | | $ | 58,405,264 | | | $ | 1,111,904 | | |
U.S. Government Plus ProFund | |
Repurchase Agreements | | $ | — | | | $ | — | | | $ | 14,339,000 | | | $ | — | | | $ | 14,339,000 | | | $ | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 271,382 | | | | — | | | | 271,382 | | |
Total | | $ | — | | | $ | — | | | $ | 14,339,000 | | | $ | 271,382 | | | $ | 14,339,000 | | | $ | 271,382 | | |
Utilities UltraSector ProFund | |
Common Stocks | | $ | 28,116,594 | | | $ | — | | | $ | — | | | $ | — | | | $ | 28,116,594 | | | $ | — | | |
Repurchase Agreements | | | — | | | | — | | | | 8,103,000 | | | | — | | | | 8,103,000 | | | | — | | |
Swap Agreements | | | — | | | | — | | | | — | | | | 881,614 | | | | — | | | | 881,614 | | |
Total | | $ | 28,116,594 | | | $ | — | | | $ | 8,103,000 | | | $ | 881,614 | | | $ | 36,219,594 | | | $ | 881,614 | | |
^ 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 Nasdaq-100 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 Nasdaq-100 ProFund, UltraJapan ProFund, UltraShort Japan ProFund and U.S. Government Plus ProFund pay the Advisor a fee at an annualized rate of 0.70%, 0.90%, 0.90% and 0.50%, respectively, of their average daily net assets.
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, 2024, no Fund'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
July 31, 2024 :: Notes to Financial Statements :: 301
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.
The Advisor, pursuant to a separate Management Services Agreement, performs certain client support services and other 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, inclusive of all meetings. During the year ended July 31, 2024, 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 shown in the table below. Amounts due from the Advisor under an expense limitation agreement are settled following each month end.
| | | For the Period December 1, 2023
through November 30, 2024 | | For the Period December 1, 2022
through November 30, 2023 | |
| | | 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 | % | | | 1.95 | % | | | 2.95 | % | |
Banks 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 Discretionary UltraSector ProFund | | | 1.95 | % | | | 2.95 | % | | | 1.95 | % | | | 2.95 | % | |
Consumer Staples UltraSector ProFund | | | 1.78 | % | | | 2.78 | % | | | 1.78 | % | | | 2.78 | % | |
Energy 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 | % | | | 1.95 | % | | | 2.95 | % | |
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 | | | 1.78 | % | | | 2.78 | % | | | 1.95 | % | | | 2.95 | % | |
Large-Cap Value ProFund | | | 1.78 | % | | | 2.78 | % | | | 1.95 | % | | | 2.95 | % | |
Materials UltraSector ProFund | | | 1.78 | % | | | 2.78 | % | | | 1.78 | % | | | 2.78 | % | |
Mid-Cap Growth ProFund | | | 1.78 | % | | | 2.78 | % | | | 1.78 | % | | | 2.78 | % | |
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 | % | |
302 :: Notes to Financial Statements :: July 31, 2024
| | | For the Period December 1, 2023
through November 30, 2024 | | For the Period December 1, 2022
through November 30, 2023 | |
| | | Investor
Class | | Service
Class | | Investor
Class | | Service
Class | |
Oil & Gas Equipment & Services
UltraSector ProFund | | | 1.95 | % | | | 2.95 | % | | | 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 | % | | | 1.95 | % | | | 2.95 | % | |
Rising Rates Opportunity ProFund | | | 1.95 | % | | | 2.95 | % | | | 1.95 | % | | | 2.95 | % | |
Rising Rates Opportunity 10 ProFund | | | 1.78 | % | | | 2.78 | % | | | 1.78 | % | | | 2.78 | % | |
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 Energy ProFund | | | 1.78 | % | | | 2.78 | % | | | 1.78 | % | | | 2.78 | % | |
Short Nasdaq-100 ProFund | | | 1.95 | % | | | 2.95 | % | | | 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 | % | | | 1.78 | % | | | 2.78 | % | |
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 | % | |
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 | % | | | 1.78 | % | | | 2.78 | % | |
UltraInternational ProFund | | | 1.78 | % | | | 2.78 | % | | | 1.78 | % | | | 2.78 | % | |
UltraJapan ProFund | | | 1.78 | % | | | 2.78 | % | | | 1.78 | % | | | 2.78 | % | |
UltraLatin America ProFund | | | 1.78 | % | | | 2.78 | % | | | 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 | | | 1.95 | % | | | 2.95 | % | | | 1.95 | % | | | 2.95 | % | |
UltraShort Small-Cap ProFund | | | 1.78 | % | | | 2.78 | % | | | 1.78 | % | | | 2.78 | % | |
UltraSmall-Cap ProFund | | | 1.95 | % | | | 2.95 | % | | | 1.95 | % | | | 2.95 | % | |
U.S. Government Plus ProFund | | | 1.70 | % | | | 2.70 | % | | | 1.70 | % | | | 2.70 | % | |
Utilities UltraSector ProFund | | | 1.78 | % | | | 2.78 | % | | | 1.95 | % | | | 2.95 | % | |
Amounts waived under the contractual expense limitation agreement are allocated proportionally as waivers of advisory and management services fees, to the extent of these fees as reflected on the Statements of Operations. During the year, the allocation of expenses reduced and reimbursed by the Advisor between advisory and management services fees, and if necessary, reimbursement of other expenses was as follows:
| | Expenses
reduced and
reimbursed by
the Advisor | | Waivers of
advisory fees | | Waivers of
management
services fees | | Reimbursements of
other expenses | |
Access Flex Bear High Yield ProFund | | $ | (26,972 | ) | | $ | (10,107 | ) | | $ | (2,021 | ) | | $ | (14,844 | ) | |
Access Flex High Yield ProFund | | | (20,736 | ) | | | (17,280 | ) | | | (3,456 | ) | | | — | | |
Bear ProFund | | | (32,995 | ) | | | (27,496 | ) | | | (5,499 | ) | | | — | | |
Communication Services UltraSector ProFund | | | (12,327 | ) | | | (10,272 | ) | | | (2,055 | ) | | | — | | |
Consumer Staples UltraSector ProFund | | | (24,334 | ) | | | (20,278 | ) | | | (4,056 | ) | | | — | | |
Europe 30 ProFund | | | (31,163 | ) | | | (20,364 | ) | | | (4,073 | ) | | | (6,726 | ) | |
Falling U.S. Dollar ProFund | | | (43,677 | ) | | | (8,789 | ) | | | (1,758 | ) | | | (33,130 | ) | |
Financials UltraSector ProFund | | | (4,011 | ) | | | (3,342 | ) | | | (669 | ) | | | — | | |
Industrials UltraSector ProFund | | | (10,209 | ) | | | (8,507 | ) | | | (1,702 | ) | | | — | | |
Materials UltraSector ProFund | | | (15,223 | ) | | | (12,686 | ) | | | (2,537 | ) | | | — | | |
Mid-Cap Growth ProFund | | | (11,648 | ) | | | (9,707 | ) | | | (1,941 | ) | | | — | | |
Mid-Cap ProFund | | | (6,058 | ) | | | (5,048 | ) | | | (1,010 | ) | | | — | | |
July 31, 2024 :: Notes to Financial Statements :: 303
| | Expenses
reduced and
reimbursed by
the Advisor | | Waivers of
advisory fees | | Waivers of
management
services fees | | Reimbursements of
other expenses | |
Mid-Cap Value ProFund | | $ | (24,629 | ) | | $ | (19,728 | ) | | $ | (3,946 | ) | | $ | (955 | ) | |
Pharmaceuticals UltraSector ProFund | | | (21,721 | ) | | | (18,101 | ) | | | (3,620 | ) | | | — | | |
Real Estate UltraSector ProFund | | | (21,269 | ) | | | (17,724 | ) | | | (3,545 | ) | | | — | | |
Rising Rates Opportunity 10 ProFund | | | (29,461 | ) | | | (16,764 | ) | | | (3,353 | ) | | | (9,344 | ) | |
Rising U.S. Dollar ProFund | | | (67,143 | ) | | | (55,952 | ) | | | (11,191 | ) | | | — | | |
Short Energy ProFund | | | (32,540 | ) | | | (4,843 | ) | | | (969 | ) | | | (26,728 | ) | |
Short Nasdaq-100 ProFund | | | (62,679 | ) | | | (47,141 | ) | | | (9,428 | ) | | | (6,110 | ) | |
Short Precious Metals ProFund | | | (21,201 | ) | | | (17,668 | ) | | | (3,533 | ) | | | — | | |
Short Real Estate ProFund | | | (24,598 | ) | | | (15,496 | ) | | | (3,099 | ) | | | (6,003 | ) | |
Short Small-Cap ProFund | | | (63,588 | ) | | | (52,698 | ) | | | (10,540 | ) | | | (350 | ) | |
Small-Cap Growth ProFund | | | (16,186 | ) | | | (13,488 | ) | | | (2,698 | ) | | | — | | |
Small-Cap ProFund | | | (28,448 | ) | | | (23,707 | ) | | | (4,741 | ) | | | — | | |
Small-Cap Value ProFund | | | (24,721 | ) | | | (20,601 | ) | | | (4,120 | ) | | | — | | |
UltraBear ProFund | | | (7,452 | ) | | | (6,210 | ) | | | (1,242 | ) | | | — | | |
UltraEmerging Markets ProFund | | | (21,646 | ) | | | (18,038 | ) | | | (3,608 | ) | | | — | | |
UltraInternational ProFund | | | (23,038 | ) | | | (19,198 | ) | | | (3,840 | ) | | | — | | |
UltraJapan ProFund | | | (445 | ) | | | (381 | ) | | | (64 | ) | | | — | | |
UltraLatin America ProFund | | | (5,007 | ) | | | (4,172 | ) | | | (835 | ) | | | — | | |
UltraShort China ProFund | | | (29,300 | ) | | | (15,051 | ) | | | (3,010 | ) | | | (11,239 | ) | |
UltraShort Dow 30 ProFund | | | (26,112 | ) | | | (20,118 | ) | | | (4,024 | ) | | | (1,970 | ) | |
UltraShort Emerging Markets ProFund | | | (29,171 | ) | | | (5,555 | ) | | | (1,111 | ) | | | (22,505 | ) | |
UltraShort International ProFund | | | (24,705 | ) | | | (16,238 | ) | | | (3,248 | ) | | | (5,219 | ) | |
UltraShort Japan ProFund | | | (29,921 | ) | | | (8,370 | ) | | | (1,395 | ) | | | (20,156 | ) | |
UltraShort Latin America ProFund | | | (28,477 | ) | | | (11,117 | ) | | | (2,223 | ) | | | (15,137 | ) | |
UltraShort Mid-Cap ProFund | | | (30,601 | ) | | | (7,011 | ) | | | (1,402 | ) | | | (22,188 | ) | |
UltraShort Nasdaq-100 ProFund | | | (21,163 | ) | | | (17,636 | ) | | | (3,527 | ) | | | — | | |
UltraShort Small-Cap ProFund | | | (28,396 | ) | | | (23,663 | ) | | | (4,733 | ) | | | — | | |
U.S. Government Plus ProFund | | | (15,213 | ) | | | (11,702 | ) | | | (3,511 | ) | | | — | | |
Utilities UltraSector ProFund | | | (140 | ) | | | (117 | ) | | | (23 | ) | | | — | | |
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." These amounts are allocated proportionally as recoupments of advisory and management services fees, respectively, as shown in the table below.
| | Recoupment of
prior expenses
reduced by
the Advisor | | Recoupment
allocated to
advisory fees | | Recoupment
allocated to
management
services fees | |
Access Flex High Yield ProFund | | $ | 27,000 | | | $ | 22,500 | | | $ | 4,500 | | |
Financials UltraSector ProFund | | | 18,225 | | | | 15,187 | | | | 3,038 | | |
Industrials UltraSector ProFund | | | 15,250 | | | | 12,708 | | | | 2,542 | | |
Large-Cap Value ProFund | | | 6,509 | | | | 5,424 | | | | 1,085 | | |
UltraJapan ProFund | | | 14,062 | | | | 12,053 | | | | 2,009 | | |
Utilities UltraSector ProFund | | | 140 | | | | 117 | | | | 23 | | |
As of July 31, 2024, the recoupments that may potentially be made by the ProFunds are as shown in the table below. As of July 31, 2024, no commitment or contingent liability is expected.
| | | Expires
11/30/24 | | Expires
11/30/25 | | Expires
11/30/26 | | Expires
11/30/27 | | Total | |
Access Flex Bear High Yield ProFund | | $ | 21,329 | | | $ | 6,007 | | | $ | 28,223 | | | $ | 15,666 | | | $ | 71,225 | | |
Access Flex High Yield ProFund | | | — | | | | 830 | | | | — | | | | 20,736 | | | | 21,566 | | |
Bear ProFund | | | — | | | | — | | | | 1,199 | | | | 31,796 | | | | 32,995 | | |
Communication Services UltraSector ProFund | | | — | | | | 24,999 | | | | 12,207 | | | | 7,827 | | | | 45,033 | | |
Consumer Staples UltraSector ProFund | | | 6,074 | | | | 18,957 | | | | 22,079 | | | | 13,285 | | | | 60,395 | | |
Europe 30 ProFund | | | 11,136 | | | | 25,872 | | | | 49,295 | | | | 1,887 | | | | 88,190 | | |
Falling U.S. Dollar ProFund | | | 29,759 | | | | 36,529 | | | | 42,797 | | | | 20,796 | | | | 129,881 | | |
Financials UltraSector ProFund | | | — | | | | — | | | | 1,333 | | | | — | | | | 1,333 | | |
Industrials UltraSector ProFund | | | — | | | | 11,483 | | | | 20,660 | | | | — | | | | 32,143 | | |
Large-Cap Value ProFund | | | — | | | | — | | | | 569 | | | | — | | | | 569 | | |
304 :: Notes to Financial Statements :: July 31, 2024
| | | Expires
11/30/24 | | Expires
11/30/25 | | Expires
11/30/26 | | Expires
11/30/27 | | Total | |
Materials UltraSector ProFund | | $ | 9,063 | | | $ | 1,804 | | | $ | 15,294 | | | $ | 6,622 | | | $ | 32,783 | | |
Mid-Cap Growth ProFund | | | — | | | | 18,268 | | | | 16,739 | | | | 7,991 | | | | 42,998 | | |
Mid-Cap ProFund | | | — | | | | 16,737 | | | | 7,012 | | | | 1,186 | | | | 24,935 | | |
Mid-Cap Value ProFund | | | 3,488 | | | | 2,989 | | | | 28,426 | | | | 15,487 | | | | 50,390 | | |
Pharmaceuticals UltraSector ProFund | | | 17,673 | | | | 15,582 | | | | 28,050 | | | | 10,227 | | | | 71,532 | | |
Real Estate UltraSector ProFund | | | — | | | | — | | | | 17,079 | | | | 14,993 | | | | 32,072 | | |
Rising Rates Opportunity 10 ProFund | | | 18,160 | | | | 34,678 | | | | 27,220 | | | | 18,171 | | | | 98,229 | | |
Rising U.S. Dollar ProFund | | | — | | | | — | | | | 26,455 | | | | 49,634 | | | | 76,089 | | |
Short Energy ProFund | | | 40,063 | | | | 11,530 | | | | 33,297 | | | | 23,096 | | | | 107,986 | | |
Short Nasdaq-100 ProFund | | | 18,463 | | | | — | | | | 5,060 | | | | 51,399 | | | | 74,922 | | |
Short Precious Metals ProFund | | | 21,089 | | | | 27,994 | | | | 27,227 | | | | 11,354 | | | | 87,664 | | |
Short Real Estate ProFund | | | 33,162 | | | | 21,249 | | | | 29,494 | | | | 14,481 | | | | 98,386 | | |
Short Small-Cap ProFund | | | 30,226 | | | | 16,291 | | | | 20,758 | | | | 60,763 | | | | 128,038 | | |
Small-Cap Growth ProFund | | | — | | | | 2,985 | | | | 17,697 | | | | 11,758 | | | | 32,440 | | |
Small-Cap ProFund | | | 13,368 | | | | 31,358 | | | | 34,231 | | | | 18,558 | | | | 97,515 | | |
Small-Cap Value ProFund | | | — | | | | — | | | | 5,320 | | | | 20,759 | | | | 26,079 | | |
UltraBear ProFund | | | 21,558 | | | | 21,307 | | | | 1,569 | | | | 3,383 | | | | 47,817 | | |
UltraEmerging Markets ProFund | | | — | | | | 9,257 | | | | 23,133 | | | | 11,416 | | | | 43,806 | | |
UltraInternational ProFund | | | 17,617 | | | | 29,060 | | | | 23,542 | | | | 11,598 | | | | 81,817 | | |
UltraLatin America ProFund | | | — | | | | — | | | | — | | | | 5,007 | | | | 5,007 | | |
UltraShort China ProFund | | | 27,238 | | | | 30,636 | | | | 30,528 | | | | 19,899 | | | | 108,301 | | |
UltraShort Dow 30 ProFund | | | 28,736 | | | | 25,064 | | | | 28,575 | | | | 16,160 | | | | 98,535 | | |
UltraShort Emerging Markets ProFund | | | 31,648 | | | | 11,795 | | | | 30,510 | | | | 18,785 | | | | 92,738 | | |
UltraShort International ProFund | | | 22,927 | | | | 9,933 | | | | 29,383 | | | | 14,542 | | | | 76,785 | | |
UltraShort Japan ProFund | | | 40,917 | | | | 13,877 | | | | 29,621 | | | | 24,722 | | | | 109,137 | | |
UltraShort Latin America ProFund | | | 30,125 | | | | 23,720 | | | | 31,886 | | | | 20,048 | | | | 105,779 | | |
UltraShort Mid-Cap ProFund | | | 25,301 | | | | 27,602 | | | | 34,008 | | | | 16,769 | | | | 103,680 | | |
UltraShort Nasdaq-100 ProFund | | | — | | | | — | | | | — | | | | 21,163 | | | | 21,163 | | |
UltraShort Small-Cap ProFund | | | 17,026 | | | | 29,520 | | | | 25,914 | | | | 20,388 | | | | 92,848 | | |
U.S. Government Plus ProFund | | | — | | | | — | | | | — | | | | 15,213 | | | | 15,213 | | |
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, 2024 were as follows:
| | | Purchases | | Sales | |
Banks UltraSector ProFund | | $ | 10,573,640 | | | $ | 11,716,808 | | |
Biotechnology UltraSector ProFund | | | 141,445,117 | | | | 145,208,136 | | |
Bull ProFund | | | 41,470,867 | | | | 41,139,482 | | |
Communication Services UltraSector ProFund | | | 9,372,408 | | | | 7,919,033 | | |
Consumer Discretionary UltraSector ProFund | | | 53,401,187 | | | | 55,993,981 | | |
Consumer Staples UltraSector ProFund | | | 4,675,393 | | | | 4,860,577 | | |
Energy UltraSector ProFund | | | 42,250,282 | | | | 47,386,899 | | |
Europe 30 ProFund | | | 20,531,325 | | | | 21,201,034 | | |
Financials UltraSector ProFund | | | 40,304,106 | | | | 21,817,672 | | |
Health Care UltraSector ProFund | | | 7,146,028 | | | | 6,454,871 | | |
Industrials UltraSector ProFund | | | 39,948,375 | | | | 42,733,500 | | |
Internet UltraSector ProFund | | | 27,245,191 | | | | 35,653,577 | | |
Large-Cap Growth ProFund | | | 267,241,547 | | | | 261,972,958 | | |
Large-Cap Value ProFund | | | 137,204,758 | | | | 142,096,536 | | |
Materials UltraSector ProFund | | | 6,638,113 | | | | 8,801,368 | | |
Mid-Cap Growth ProFund | | | 48,051,100 | | | | 71,517,543 | | |
Mid-Cap ProFund | | | 16,606,981 | | | | 15,465,670 | | |
Mid-Cap Value ProFund | | | 7,952,467 | | | | 6,461,398 | | |
Nasdaq-100 ProFund | | | 26,694,183 | | | | 18,703,851 | | |
Oil & Gas Equipment & Services UltraSector ProFund | | | 29,167,504 | | | | 30,346,893 | | |
Pharmaceuticals UltraSector ProFund | | | 5,064,200 | | | | 5,487,787 | | |
Precious Metals UltraSector ProFund | | | 37,131,720 | | | | 39,593,988 | | |
Real Estate UltraSector ProFund | | | 5,160,459 | | | | 4,937,563 | | |
Semiconductor UltraSector ProFund | | | 306,257,819 | | | | 302,516,028 | | |
Small-Cap Growth ProFund | | | 12,739,121 | | | | 11,061,738 | | |
Small-Cap ProFund | | | 14,139,445 | | | | 14,328,697 | | |
Small-Cap Value ProFund | | | 107,843,280 | | | | 58,653,269 | | |
Technology UltraSector ProFund | | | 75,550,625 | | | | 68,705,004 | | |
UltraBull ProFund | | | 185,734,813 | | | | 187,749,802 | | |
July 31, 2024 :: Notes to Financial Statements :: 305
| | | Purchases | | Sales | |
UltraChina ProFund | | $ | 29,956,238 | | | $ | 31,395,279 | | |
UltraDow 30 ProFund | | | 6,660,228 | | | | 7,236,887 | | |
UltraEmerging Markets ProFund | | | 9,878,587 | | | | 10,661,284 | | |
UltraLatin America ProFund | | | 8,889,203 | | | | 11,402,801 | | |
UltraMid-Cap ProFund | | | 16,807,331 | | | | 18,575,001 | | |
UltraNasdaq-100 ProFund | | | 223,079,554 | | | | 138,296,137 | | |
UltraSmall-Cap ProFund | | | 14,573,181 | | | | 16,744,340 | | |
Utilities UltraSector ProFund | | | 25,048,038 | | | | 3,008,483 | | |
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, 2024 were as follows:
| | | Purchases | | Sales | |
Access Flex High Yield ProFund | | $ | 132,609,891 | | | $ | 144,056,986 | | |
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). The risks of using derivatives include: 1) the risk that there may be imperfect correlation between the price of the financial instruments and movements in the prices of the reference asset(s); 2) the risk that an instrument is mispriced; 3) credit or counterparty risk on the amount a ProFund expects to receive from a counterparty; 4) the risk that securities prices, interest rates and currency markets will move adversely and a ProFund will incur significant losses; 5) the risk that the cost of holding a financial instrument might exceed its total return; and 6) the possible absence of a liquid secondary market for a particular instrument and possible exchange imposed price fluctuation limits, either of which may make it difficult or impossible to adjust a ProFund's position in a particular instrument when desired. Each of these factors may prevent a ProFund from achieving its investment objective and may increase the volatility (i.e., fluctuations) of the ProFund's returns. Because derivatives often require limited initial investment, the use of derivatives also may expose a 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.
Holding Period 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 daily performance of a benchmark. A Geared Fund does not seek to achieve its stated multiple, inverse, or an inverse multiple of the daily performance of its underlying benchmark (the "Daily Target") for any period other than a day. The performance of a Geared Fund over periods other than a day may be higher or lower than the Daily Target, and this difference may be significant. Factors that contribute to returns that are worse than the Daily Target include smaller index gains or losses and higher index volatility, as well as longer holding periods when these factors apply. Factors that contribute to returns that are better than the Daily Target include larger index gains or losses and lower index volatility, as well as longer periods when these factors apply. The more extreme these factors are, and the more they occur together, the more returns will tend to deviate from the Daily Target.
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.
306 :: Notes to Financial Statements :: July 31, 2024
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.
Active Management Risk
Access Flex Bear High Yield ProFund and Access Flex High Yield 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
July 31, 2024 :: Notes to Financial Statements :: 307
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.
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.
Cybersecurity Risk
With the increased use of technologies such as the Internet and the dependence on computer systems to perform necessary business functions, each ProFund, financial intermediaries, service providers and the relevant listing exchange are susceptible to operational, information security and related "cyber" risks. In general, cyber incidents can result from deliberate attacks or unintentional events. Cyber attacks include, but are not limited to gaining unauthorized access to digital systems for purposes of misappropriating assets or sensitive information, corrupting data, or causing operational disruption. Cyber attacks may also be carried out in a manner that does not require gaining unauthorized access, such as causing among other behaviors, stealing or corrupting data maintained online or digitally, and denial of service attacks on websites. Cybersecurity failures or breaches of a ProFund's third party service provider (including, but not limited to, index providers, the administrator and transfer agent) or the issuers of securities and/or financial instruments in which the ProFund invests, have the ability to cause disruptions and impact business operations, potentially resulting in financial losses, the inability of ProFund shareholders to transact business, violations of applicable privacy and other laws. For instance, cyber attacks may interfere with the processing of shareholder transactions, impact the ProFund's ability to calculate its NAV, cause the release of private shareholder information or confidential ProFund information, impede trading, cause reputational damage, and subject the ProFund to regulatory fines, reputational damage, penalties or financial losses, reimbursement or other compensation costs, and/or additional compliance costs. In addition, substantial costs may be incurred in order to prevent any cyber incidents in the future. A ProFund and its shareholders could be negatively impacted as a result. While a ProFund or its service providers may have established business continuity plans and systems designed to guard against such cyber attacks or adverse effects of such attacks, there are inherent limitations in such plans and systems including the possibility that certain risks have not been identified, in large part because different unknown threats may emerge in the future. Similar types of cybersecurity risks also are present for issuers of securities in which a ProFund invests, which could result in material adverse consequences for such issuers, and may cause the ProFund's investments in such securities to lose value. In addition, cyber attacks involving a counterparty to a ProFund could affect such a counterparty's ability to meets it obligations to the ProFund, which may result in losses to the ProFund and its shareholders. The Advisor and the Trust do not control the cybersecurity plans and systems put in place by third party service providers, and such third party service providers may have no or limited indemnification obligations to the Advisor or to a ProFund.
Equity and Market Risk
Equity markets are volatile, and the value of securities, swaps, futures and other instruments correlated with equity markets may fluctuate dramatically from day to day. Equity markets are subject to corporate, political, regulatory, market and economic developments, as well as developments that impact specific economic sectors, industries or segments of the market. Further,
308 :: Notes to Financial Statements :: July 31, 2024
stocks in the Index may underperform other equity investments. Volatility in the markets and/or market developments may cause the value of an investment in the ProFund to decrease over short or long periods of time.
Large-Cap Company Investment Risk
Although returns on investments in large-cap companies are often perceived as being less volatile than the returns of companies with smaller market capitalizations, the return on large-cap securities could trail the returns on investments in smaller and mid-sized companies for a number of reasons. For example, large-cap companies may be unable to respond quickly to new competitive challenges, such as changes in technology, and also may not be able to attain the high growth rate of successful smaller companies.
Small- and Mid-Cap Company Investment Risk
The risk of equity investing may be particularly acute for securities of issuers with smaller market capitalizations. Small- and mid-cap companies may have limited product lines or resources, may be dependent upon a particular market niche and may have greater fluctuations in price than the stocks of larger companies. Small- and mid-cap companies may lack the financial and personnel resources to handle economic or industry-wide setbacks and, as a result, such setbacks could have a greater effect on small- and mid-cap security prices. Additionally, small- and mid-cap company stocks may trade at greater spreads or lower trading volumes, and may be less liquid than the stocks of larger companies. Further, stocks of small- and mid-sized companies could be more difficult to liquidate during market downturns compared to larger, more widely traded companies.
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 of Public Health Disruptions
Widespread disease, including public health disruptions, pandemics and epidemics (for example, COVID-19 including its variants), have been and may continue to be highly disruptive to economies and markets. Health crises could exacerbate political, social, and economic risks, and result in breakdowns, delays, shutdowns, social isolation, civil unrest, periods of high unemployment, shortages in and disruptions to the medical care and consumer goods and services industries, and other disruptions to important global, local and regional supply chains, with potential corresponding results on the performance of a ProFund and its investments.
Additionally, 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 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. The ongoing hostilities between the two countries could result in additional widespread conflict and could have a severe adverse effect on the region and certain markets. Sanctions on Russian exports could have a significant adverse impact on the Russian economy and related markets and could affect the value of a ProFund's investments, even beyond any direct exposure a 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 impacts on the economy and the markets for certain securities and commodities, such as oil and natural gas. Furthermore, the possibility of a prolonged conflict between Hamas and Israel, and the potential expansion of the conflict in the surrounding areas and the involvement of other nations in the conflict, such as the Houthi movement's attacks on marine vessels in the Red Sea, could further destabilize the Middle East region and introduce new uncertainties in global markets, including the oil and natural gas markets. 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.
Early Close/Late Close/Trading Halt Risk
An exchange or market may close early, close late or issue trading halts on specific securities or financial instruments. As a result, the ability to trade certain securities or financial instruments may be restricted, which may disrupt a ProFund's purchase and redemption process and/or result in a ProFund being unable to
July 31, 2024 :: Notes to Financial Statements :: 309
trade certain securities or financial instruments at all. In these circumstances, the ProFund may be unable to rebalance its portfolio, may be unable to accurately price its investments and/or may incur substantial trading losses.
Tax Risk
In order to qualify for the special tax treatment accorded a RIC and its shareholders, a ProFund must derive at least 90% of its gross income for each taxable year from "qualifying income," meet certain asset diversification tests at the end of each taxable quarter, and meet annual distribution requirements. A ProFund's pursuit of its investment strategies will potentially be limited by the ProFund's intention to qualify for such treatment and could adversely affect the ProFund's ability to so qualify. A ProFund may make certain investments, the treatment of which for these purposes is unclear. If, in any year, a ProFund were to fail to qualify for the special tax treatment accorded a RIC and its shareholders, and were ineligible to or were not to cure such failure, the Fund would be taxed in the same manner as an ordinary corporation subject to U.S. federal income tax on all its income at the fund level. The resulting taxes could substantially reduce a ProFund's net assets and the amount of income available for distribution. In addition, in order to requalify for taxation as a RIC, a ProFund could be required to recognize unrealized gains, pay substantial taxes and interest, and make certain distributions.
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.
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
310 :: Notes to Financial Statements :: July 31, 2024
or minus a negotiated spread. The Fed Funds rate remained around 5.33% 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.
Inflation Risk
Inflation risk is the risk that the value of assets or income from a ProFund's investments will be worth less in the future as inflation decreases the value of payments at future dates. As inflation increases, the real value of a ProFund's portfolio could decline. Inflation rates may change frequently and drastically as a result of various factors and the ProFund's investment may not keep pace with inflation, which may result in losses to the ProFund investors or adversely affect the real value of shareholder's investments in a ProFund. Inflation has recently increased and it cannot be predicted whether it may decline.
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.
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 2023 | | Year Ended 2022 | |
| | | Distributions
Paid from
Ordinary
Income | | Distributions
Paid from
Net Long-Term
Capital Gains | | Tax Return
of Capital | | Total
Distributions
Paid | | Distributions
Paid from
Ordinary
Income | | Distributions
Paid from
Net Long-Term
Capital Gains | | Tax Return
of Capital | | Total
Distributions
Paid | |
December 31 | |
Bear ProFund | | $ | 376,196 | | | $ | — | | | $ | — | | | $ | 376,196 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | |
Bull ProFund | | | 13,512 | | | | — | | | | — | | | | 13,512 | | | | 370,689 | | | | — | | | | — | | | | 370,689 | | |
Europe 30 ProFund | | | 72,280 | | | | — | | | | — | | | | 72,280 | | | | 48,336 | | | | — | | | | — | | | | 48,336 | | |
UltraBear ProFund | | | 218,648 | | | | — | | | | — | | | | 218,648 | | | | — | | | | — | | | | — | | | | — | | |
UltraBull ProFund | | | 25,363 | | | | — | | | | — | | | | 25,363 | | | | 8,363,176 | | | | 779,894 | | | | — | | | | 9,143,070 | | |
UltraNasdaq-100 ProFund | | | — | | | | — | | | | — | | | | — | | | | 26,477,309 | | | | 1,155,436 | | | | — | | | | 27,632,745 | | |
UltraShort Nasdaq-100 ProFund | | | 788,058 | | | | — | | | | — | | | | 788,058 | | | | — | | | | — | | | | — | | | | — | | |
October 31 | |
Access Flex High Yield ProFund | | | 1,859,962 | | | | — | | | | — | | | | 1,859,962 | | | | 29,233 | | | | — | | | | — | | | | 29,233 | | |
Banks UltraSector ProFund | | | 20,726 | | | | — | | | | — | | | | 20,726 | | | | — | | | | — | | | | — | | | | — | | |
Biotechnology UltraSector
ProFund | | | — | | | | — | | | | — | | | | — | | | | 14,242,748 | | | | 11,279,599 | | | | — | | | | 25,522,347 | | |
Communication Services
UltraSector ProFund | | | — | | | | — | | | | — | | | | — | | | | 59,697 | | | | 2,106 | | | | 7,136 | | | | 68,939 | | |
Consumer Discretionary
UltraSector ProFund | | | — | | | | — | | | | — | | | | — | | | | 5,320,428 | | | | 130,368 | | | | — | | | | 5,450,796 | | |
Consumer Staples UltraSector
ProFund | | | — | | | | — | | | | — | | | | — | | | | 351,875 | | | | 151,475 | | | | — | | | | 503,350 | | |
Energy UltraSector ProFund | | | 1,404,996 | | | | — | | | | — | | | | 1,404,996 | | | | 427,298 | | | | — | | | | — | | | | 427,298 | | |
Financials UltraSector ProFund | | | — | | | | — | | | | — | | | | — | | | | 877,097 | | | | 944 | | | | 1,140 | | | | 879,181 | | |
Industrials UltraSector ProFund | | | — | | | | — | | | | — | | | | — | | | | 436,119 | | | | 3,145 | | | | 39 | | | | 439,303 | | |
Internet UltraSector ProFund | | | — | | | | — | | | | — | | | | — | | | | 20,936,695 | | | | 9,806,780 | | | | — | | | | 30,743,475 | | |
Large-Cap Growth ProFund | | | — | | | | 182,929 | | | | — | | | | 182,929 | | | | 221,666 | | | | 85,029 | | | | — | | | | 306,695 | | |
Large-Cap Value ProFund | | | 47,656 | | | | — | | | | — | | | | 47,656 | | | | 54,514 | | | | — | | | | — | | | | 54,514 | | |
Mid-Cap Growth ProFund | | | — | | | | 105,905 | | | | — | | | | 105,905 | | | | 831,229 | | | | 119,485 | | | | — | | | | 950,714 | | |
Mid-Cap ProFund | | | — | | | | — | | | | — | | | | — | | | | 158,547 | | | | 58,875 | | | | — | | | | 217,422 | | |
Mid-Cap Value ProFund | | | — | | | | — | | | | — | | | | — | | | | 50,173 | | | | — | | | | — | | | | 50,173 | | |
Nasdaq-100 ProFund | | | — | | | | — | | | | — | | | | — | | | | 2,281,194 | | | | 2,060,020 | | | | — | | | | 4,341,214 | | |
Pharmaceuticals UltraSector
ProFund | | | — | | | | — | | | | — | | | | — | | | | 57,588 | | | | 128,692 | | | | — | | | | 186,280 | | |
Precious Metals UltraSector
ProFund | | | 654 | | | | — | | | | — | | | | 654 | | | | — | | | | — | | | | — | | | | — | | |
Real Estate UltraSector ProFund | | | 35,490 | | | | — | | | | — | | | | 35,490 | | | | 2,763,321 | | | | 300,145 | | | | — | | | | 3,063,466 | | |
Rising U.S. Dollar ProFund | | | 199,419 | | | | 408,967 | | | | — | | | | 608,386 | | | | — | | | | — | | | | — | | | | — | | |
Semiconductor UltraSector
ProFund | | | — | | | | — | | | | — | | | | — | | | | 5,976,285 | | | | 178,486 | | | | — | | | | 6,154,771 | | |
July 31, 2024 :: Notes to Financial Statements :: 311
| | | Year Ended 2023 | | Year Ended 2022 | |
| | | Distributions
Paid from
Ordinary
Income | | Distributions
Paid from
Net Long-Term
Capital Gains | | Tax Return
of Capital | | Total
Distributions
Paid | | Distributions
Paid from
Ordinary
Income | | Distributions
Paid from
Net Long-Term
Capital Gains | | Tax Return
of Capital | | Total
Distributions
Paid | |
Small-Cap Growth ProFund | | $ | — | | | $ | 153,586 | | | $ | — | | | $ | 153,586 | | | $ | 228,742 | | | $ | 328,498 | | | $ | — | | | $ | 557,240 | | |
Small-Cap Value ProFund | | | — | | | | — | | | | — | | | | — | | | | 182,410 | | | | 46,458 | | | | — | | | | 228,868 | | |
Technology UltraSector ProFund | | | — | | | | — | | | | — | | | | — | | | | 6,724,712 | | | | 558,470 | | | | — | | | | 7,283,182 | | |
UltraDow 30 ProFund | | | — | | | | — | | | | — | | | | — | | | | 2,441,094 | | | | 102,530 | | | | — | | | | 2,543,624 | | |
UltraEmerging Markets
ProFund | | | 103,933 | | | | — | | | | — | | | | 103,933 | | | | — | | | | — | | | | — | | | | — | | |
UltraLatin America ProFund | | | 926,000 | | | | — | | | | — | | | | 926,000 | | | | 703,948 | | | | — | | | | — | | | | 703,948 | | |
UltraMid-Cap ProFund | | | — | | | | — | | | | — | | | | — | | | | 2,306,933 | | | | 422,277 | | | | — | | | | 2,729,210 | | |
U.S. Government Plus ProFund | | | 204,875 | | | | — | | | | — | | | | 204,875 | | | | — | | | | — | | | | — | | | | — | | |
Utilities UltraSector ProFund | | | 83,764 | | | | — | | | | — | | | | 83,764 | | | | 16,661 | | | | — | | | | — | | | | 16,661 | | |
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 | | Accumulated
Capital and
Other Losses | | Unrealized
Appreciation
(Depreciation) | | Total
Accumulated
Earnings
(Deficit) | |
December 31 | |
Bear ProFund | | $ | 8,294 | | | $ | — | | | $ | (68,905,513 | ) | | $ | 18,029 | | | $ | (68,879,190 | ) | |
Bull ProFund | | | 790,794 | | | | — | | | | — | | | | 17,256,056 | | | | 18,046,850 | | |
Europe 30 ProFund | | | 56,951 | | | | — | | | | (4,461,081 | ) | | | 230,815 | | | | (4,173,315 | ) | |
UltraBear ProFund | | | 198,092 | | | | — | | | | (101,978,326 | ) | | | 37,756 | | | | (101,742,478 | ) | |
UltraBull ProFund | | | 963,021 | | | | — | | | | (11,794,320 | ) | | | 47,126,241 | | | | 36,294,942 | | |
UltraJapan ProFund | | | 1,607,970 | | | | — | | | | — | | | | (2,043 | ) | | | 1,605,927 | | |
UltraNasdaq-100 ProFund | | | 4,463,819 | | | | — | | | | (114,576,457 | ) | | | 344,045,044 | | | | 233,932,406 | | |
UltraShort Nasdaq-100 ProFund | | | 4,583 | | | | — | | | | (97,920,253 | ) | | | 132,558 | | | | (97,783,112 | ) | |
October 31 | |
Access Flex Bear High Yield ProFund | | | — | | | | — | | | | (5,239,850 | ) | | | — | | | | (5,239,850 | ) | |
Access Flex High Yield ProFund | | | 98,628 | | | | — | | | | (2,340,198 | ) | | | (32,671 | ) | | | (2,274,241 | ) | |
Banks UltraSector ProFund | | | 144,224 | | | | — | | | | (5,176,288 | ) | | | 418,658 | | | | (4,613,406 | ) | |
Biotechnology UltraSector ProFund | | | — | | | | 7,218,190 | | | | — | | | | 549,669 | | | | 7,767,859 | | |
Communication Services UltraSector ProFund | | | — | | | | — | | | | (1,478,170 | ) | | | 139,778 | | | | (1,338,392 | ) | |
Consumer Discretionary UltraSector ProFund | | | — | | | | — | | | | — | | | | 9,678,415 | | | | 9,678,415 | | |
Consumer Staples UltraSector ProFund | | | 25,311 | | | | — | | | | (658,642 | ) | | | 679,399 | | | | 46,068 | | |
Energy UltraSector ProFund | | | 193,972 | | | | — | | | | — | | | | 12,895,201 | | | | 13,089,173 | | |
Falling U.S. Dollar ProFund | | | 33,646 | | | | — | | | | (2,714,743 | ) | | | — | | | | (2,681,097 | ) | |
Financials UltraSector ProFund | | | 28,313 | | | | — | | | | (1,426,431 | ) | | | 1,113,983 | | | | (284,135 | ) | |
Health Care UltraSector ProFund | | | 36,523 | | | | — | | | | (2,980,429 | ) | | | 6,838,383 | | | | 3,894,477 | | |
Industrials UltraSector ProFund | | | — | | | | — | | | | (13,677 | ) | | | 1,088,293 | | | | 1,074,616 | | |
Internet UltraSector ProFund | | | — | | | | — | | | | (37,248,454 | ) | | | 12,113,595 | | | | (25,134,859 | ) | |
Large-Cap Growth ProFund | | | 22,473 | | | | 166,293 | | | | — | | | | 4,140,964 | | | | 4,329,730 | | |
Large-Cap Value ProFund | | | — | | | | — | | | | (1,983,941 | ) | | | 1,174,763 | | | | (809,178 | ) | |
Materials UltraSector ProFund | | | 32,453 | | | | — | | | | (2,253,726 | ) | | | 1,671,865 | | | | (549,408 | ) | |
Mid-Cap Growth ProFund | | | — | | | | — | | | | (30,686 | ) | | | 430,266 | | | | 399,580 | | |
Mid-Cap ProFund | | | — | | | | — | | | | (1,230,479 | ) | | | 774,443 | | | | (456,036 | ) | |
Mid-Cap Value ProFund | | | — | | | | — | | | | (197,399 | ) | | | 44,867 | | | | (152,532 | ) | |
Nasdaq-100 ProFund | | | — | | | | — | | | | — | | | | 24,461,831 | | | | 24,461,831 | | |
Oil & Gas Equipment & Services UltraSector ProFund | | | — | | | | — | | | | (15,567,221 | ) | | | 1,358,484 | | | | (14,208,737 | ) | |
Pharmaceuticals UltraSector ProFund | | | 14,006 | | | | — | | | | (1,138,348 | ) | | | (337,601 | ) | | | (1,461,943 | ) | |
Precious Metals UltraSector ProFund | | | 305,104 | | | | — | | | | (63,486,026 | ) | | | 210,562 | | | | (62,970,360 | ) | |
Real Estate UltraSector ProFund | | | 24,826 | | | | — | | | | (4,805,723 | ) | | | 1,219,619 | | | | (3,561,278 | ) | |
Rising Rates Opportunity ProFund | | | 515,586 | | | | — | | | | (37,238,855 | ) | | | 960,527 | | | | (35,762,742 | ) | |
Rising Rates Opportunity 10 ProFund | | | 82,393 | | | | — | | | | (3,356,048 | ) | | | 57,006 | | | | (3,216,649 | ) | |
Rising U.S. Dollar ProFund | | | 422,995 | | | | — | | | | (2,019,254 | ) | | | — | | | | (1,596,259 | ) | |
Semiconductor UltraSector ProFund | | | — | | | | — | | | | (3,987,237 | ) | | | 40,974,126 | | | | 36,986,889 | | |
Short Energy ProFund | | | 31,349 | | | | — | | | | (2,231,882 | ) | | | 27,835 | | | | (2,172,698 | ) | |
Short Nasdaq-100 ProFund | | | 158,391 | | | | — | | | | (18,356,783 | ) | | | (62,723 | ) | | | (18,261,115 | ) | |
Short Precious Metals ProFund | | | 102,396 | | | | — | | | | (9,946,799 | ) | | | 106,937 | | | | (9,737,466 | ) | |
Short Real Estate ProFund | | | 56,535 | | | | — | | | | (4,483,189 | ) | | | (63,443 | ) | | | (4,490,097 | ) | |
Short Small-Cap ProFund | | | 206,254 | | | | — | | | | (12,805,677 | ) | | | (186,974 | ) | | | (12,786,397 | ) | |
Small-Cap Growth ProFund | | | — | | | | 35,266 | | | | (18,941 | ) | | | 559,581 | | | | 575,906 | | |
Small-Cap ProFund | | | — | | | | — | | | | (34,431 | ) | | | 449,963 | | | | 415,532 | | |
312 :: Notes to Financial Statements :: July 31, 2024
| | | Undistributed
Ordinary
Income | | Undistributed
Long-Term
Capital Gains | | Accumulated
Capital and
Other Losses | | Unrealized
Appreciation
(Depreciation) | | Total
Accumulated
Earnings
(Deficit) | |
Small-Cap Value ProFund | | $ | — | | | $ | — | | | $ | (775,268 | ) | | $ | (120,547 | ) | | $ | (895,815 | ) | |
Technology UltraSector ProFund | | | — | | | | 346,519 | | | | — | | | | 22,706,402 | | | | 23,052,921 | | |
UltraChina ProFund | | | 886,559 | | | | — | | | | (41,104,111 | ) | | | (7,815,655 | ) | | | (48,033,207 | ) | |
UltraDow 30 ProFund | | | 332,272 | | | | — | | | | (6,581,227 | ) | | | 12,598,159 | | | | 6,349,204 | | |
UltraEmerging Markets ProFund | | | 93,559 | | | | — | | | | (7,564,775 | ) | | | 907,626 | | | | (6,563,590 | ) | |
UltraInternational ProFund | | | — | | | | — | | | | (961,448 | ) | | | 111,339 | | | | (850,109 | ) | |
UltraLatin America ProFund | | | 387,731 | | | | — | | | | (29,776,226 | ) | | | (797,430 | ) | | | (30,185,925 | ) | |
UltraMid-Cap ProFund | | | 221,130 | | | | — | | | | (9,839,394 | ) | | | 6,154,890 | | | | (3,463,374 | ) | |
UltraShort China ProFund | | | 53,593 | | | | — | | | | (9,694,654 | ) | | | 27,621 | | | | (9,613,440 | ) | |
UltraShort Dow 30 ProFund | | | 66,243 | | | | — | | | | (24,017,591 | ) | | | (108,124 | ) | | | (24,059,472 | ) | |
UltraShort Emerging Markets ProFund | | | 27,014 | | | | — | | | | (12,937,467 | ) | | | 4,390 | | | | (12,906,063 | ) | |
UltraShort International ProFund | | | 71,426 | | | | — | | | | (17,891,096 | ) | | | (72,910 | ) | | | (17,892,580 | ) | |
UltraShort Japan ProFund | | | 15,820 | | | | — | | | | (10,860,198 | ) | | | (6,955 | ) | | | (10,851,333 | ) | |
UltraShort Latin America ProFund | | | 41,578 | | | | — | | | | (16,972,870 | ) | | | 3,830 | | | | (16,927,462 | ) | |
UltraShort Mid-Cap ProFund | | | 35,538 | | | | — | | | | (10,857,843 | ) | | | (64,673 | ) | | | (10,886,978 | ) | |
UltraShort Small-Cap ProFund | | | 173,689 | | | | — | | | | (52,958,352 | ) | | | (167,945 | ) | | | (52,952,608 | ) | |
UltraSmall-Cap ProFund | | | 94,478 | | | | — | | | | (41,474,380 | ) | | | 4,222,141 | | | | (37,157,761 | ) | |
U.S. Government Plus ProFund | | | — | | | | — | | | | (8,153,771 | ) | | | (202,960 | ) | | | (8,356,731 | ) | |
Utilities UltraSector ProFund | | | 77,610 | | | | — | | | | (8,856,425 | ) | | | 2,851,090 | | | | (5,927,725 | ) | |
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, 2023 and December 31, 2023, 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, 2023 and December 31, 2023:
| | | Qualified Late
Year Ordinary
Losses | |
October 31
tax year end ProFunds | |
Access Flex Bear High Yield ProFund | | $ | 20,849 | | |
Internet UltraSector ProFund | | | 166,257 | | |
Large-Cap Value ProFund | | | 21,133 | | |
Mid-Cap Growth ProFund | | | 30,686 | | |
Small-Cap Growth ProFund | | | 18,941 | | |
Small-Cap Value ProFund | | | 9,200 | | |
As of the end of their respective tax years ended October 31, 2023 and December 31, 2023, 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.
| | | No Expiration
Date | |
Access Flex Bear High Yield ProFund | | $ | 5,219,001 | | |
Access Flex High Yield ProFund | | | 2,340,198 | | |
Banks UltraSector ProFund | | | 5,176,288 | | |
Bear ProFund | | | 68,905,513 | | |
Communication Services UltraSector ProFund | | | 1,478,170 | | |
Consumer Staples UltraSector ProFund | | | 658,642 | | |
Europe 30 ProFund | | | 4,461,081 | | |
Falling U.S. Dollar ProFund | | | 2,714,743 | | |
Financials UltraSector ProFund | | | 1,426,431 | | |
Health Care UltraSector ProFund | | | 2,980,429 | | |
Industrials UltraSector ProFund | | | 13,677 | | |
Internet UltraSector ProFund | | | 37,082,197 | | |
Large-Cap Value ProFund | | | 1,962,808 | | |
Materials UltraSector ProFund | | | 2,253,726 | | |
Mid-Cap ProFund | | | 1,230,479 | | |
Mid-Cap Value ProFund | | | 197,399 | | |
Oil & Gas Equipment & Services UltraSector ProFund | | | 15,567,221 | | |
Pharmaceuticals UltraSector ProFund | | | 1,138,348 | | |
July 31, 2024 :: Notes to Financial Statements :: 313
| | | No Expiration
Date | |
Precious Metals UltraSector ProFund | | $ | 63,486,026 | | |
Real Estate UltraSector ProFund | | | 4,805,723 | | |
Rising Rates Opportunity ProFund | | | 37,238,855 | | |
Rising Rates Opportunity 10 ProFund | | | 3,356,048 | | |
Rising U.S. Dollar ProFund | | | 2,019,254 | | |
Semiconductor UltraSector ProFund | | | 3,987,237 | | |
Short Energy ProFund | | | 2,231,882 | | |
Short Nasdaq-100 ProFund | | | 18,356,783 | | |
Short Precious Metals ProFund | | | 9,946,799 | | |
Short Real Estate ProFund | | | 4,483,189 | | |
Short Small-Cap ProFund | | | 12,805,677 | | |
Small-Cap ProFund | | | 34,431 | | |
Small-Cap Value ProFund | | | 766,068 | | |
UltraBear ProFund | | | 101,978,326 | | |
UltraBull ProFund | | | 11,794,320 | | |
UltraChina ProFund | | | 41,104,111 | | |
UltraDow 30 ProFund | | | 6,581,227 | | |
UltraEmerging Markets ProFund | | | 7,564,775 | | |
UltraInternational ProFund | | | 961,448 | | |
UltraLatin America ProFund | | | 29,776,226 | | |
UltraMid-Cap ProFund | | | 9,839,394 | | |
UltraNasdaq-100 ProFund | | | 114,576,457 | | |
UltraShort China ProFund | | | 9,694,654 | | |
UltraShort Dow 30 ProFund | | | 24,017,591 | | |
UltraShort Emerging Markets ProFund | | | 12,937,467 | | |
UltraShort International ProFund | | | 17,891,096 | | |
UltraShort Japan ProFund | | | 10,860,198 | | |
UltraShort Latin America ProFund | | | 16,972,870 | | |
UltraShort Mid-Cap ProFund | | | 10,857,843 | | |
UltraShort Nasdaq-100 ProFund | | | 97,920,253 | | |
UltraShort Small-Cap ProFund | | | 52,958,352 | | |
UltraSmall-Cap ProFund | | | 41,474,380 | | |
U.S. Government Plus ProFund | | | 8,153,771 | | |
Utilities UltraSector ProFund | | | 8,856,425 | | |
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 October 31, 2023 and December 31, 2023, 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 | | $ | 7,218,000 | | | $ | 18,029 | | | $ | — | | | $ | 18,029 | | |
Bull ProFund | | | 25,812,168 | | | | 18,854,808 | | | | (1,598,752 | ) | | | 17,256,056 | | |
Europe 30 ProFund | | | 3,062,091 | | | | 680,639 | | | | (449,824 | ) | | | 230,815 | | |
UltraBear ProFund | | | 7,524,000 | | | | 37,756 | | | | — | | | | 37,756 | | |
UltraBull ProFund | | | 67,864,621 | | | | 54,116,246 | | | | (6,990,005 | ) | | | 47,126,241 | | |
UltraJapan ProFund | | | 15,646,000 | | | | — | | | | (2,043 | ) | | | (2,043 | ) | |
UltraNasdaq-100 ProFund | | | 494,400,504 | | | | 371,591,956 | | | | (27,546,912 | ) | | | 344,045,044 | | |
UltraShort Nasdaq-100 ProFund | | | 13,474,000 | | | | 132,558 | | | | — | | | | 132,558 | | |
October 31 | |
Access Flex Bear High Yield ProFund | | | 1,649,000 | | | | — | | | | — | | | | — | | |
Access Flex High Yield ProFund | | | 4,831,332 | | | | — | | | | (32,671 | ) | | | (32,671 | ) | |
Banks UltraSector ProFund | | | 5,257,300 | | | | 1,001,017 | | | | (582,359 | ) | | | 418,658 | | |
Biotechnology UltraSector ProFund | | | 76,679,000 | | | | 549,669 | | | | — | | | | 549,669 | | |
Communication Services UltraSector ProFund | | | 5,599,498 | | | | 1,182,591 | | | | (1,042,813 | ) | | | 139,778 | | |
Consumer Discretionary UltraSector ProFund | | | 17,167,720 | | | | 10,487,209 | | | | (808,794 | ) | | | 9,678,415 | | |
Consumer Staples UltraSector ProFund | | | 2,327,567 | | | | 817,202 | | | | (137,803 | ) | | | 679,399 | | |
Energy UltraSector ProFund | | | 20,735,479 | | | | 15,489,286 | | | | (2,594,085 | ) | | | 12,895,201 | | |
314 :: Notes to Financial Statements :: July 31, 2024
| | | Tax Cost | | Tax
Unrealized
Appreciation | | Tax
Unrealized
Depreciation | | Net Unrealized
Appreciation
(Depreciation) | |
Falling U.S. Dollar ProFund | | $ | 917,000 | | | $ | — | | | $ | — | | | $ | — | | |
Financials UltraSector ProFund | | | 4,650,893 | | | | 2,169,488 | | | | (1,055,505 | ) | | | 1,113,983 | | |
Health Care UltraSector ProFund | | | 6,852,243 | | | | 7,485,026 | | | | (646,643 | ) | | | 6,838,383 | | |
Industrials UltraSector ProFund | | | 2,517,171 | | | | 1,171,235 | | | | (82,942 | ) | | | 1,088,293 | | |
Internet UltraSector ProFund | | | 56,414,695 | | | | 28,265,292 | | | | (16,151,697 | ) | | | 12,113,595 | | |
Large Cap Growth ProFund | | | 33,031,223 | | | | 5,516,076 | | | | (1,375,112 | ) | | | 4,140,964 | | |
Large Cap Value ProFund | | | 6,808,387 | | | | 2,040,703 | | | | (865,940 | ) | | | 1,174,763 | | |
Materials UltraSector ProFund | | | 3,039,704 | | | | 2,132,815 | | | | (460,950 | ) | | | 1,671,865 | | |
Mid Cap Growth ProFund | | | 2,564,925 | | | | 768,345 | | | | (338,079 | ) | | | 430,266 | | |
Mid Cap ProFund | | | 2,780,550 | | | | 1,084,295 | | | | (309,852 | ) | | | 774,443 | | |
Mid Cap Value ProFund | | | 2,183,195 | | | | 539,259 | | | | (494,392 | ) | | | 44,867 | | |
Nasdaq 100 ProFund | | | 103,117,569 | | | | 26,495,364 | | | | (2,033,533 | ) | | | 24,461,831 | | |
Oil & Gas Equipment & Services UltraSector ProFund | | | 16,657,242 | | | | 5,278,468 | | | | (3,919,984 | ) | | | 1,358,484 | | |
Pharmaceuticals UltraSector ProFund | | | 2,855,396 | | | | 466,616 | | | | (804,217 | ) | | | (337,601 | ) | |
Precious Metals UltraSector ProFund | | | 21,290,367 | | | | 7,286,303 | | | | (7,075,741 | ) | | | 210,562 | | |
Real Estate UltraSector ProFund | | | 2,166,870 | | | | 1,390,060 | | | | (170,441 | ) | | | 1,219,619 | | |
Rising Rates Opportunity ProFund | | | 23,534,000 | | | | 960,527 | | | | — | | | | 960,527 | | |
Rising Rates Opportunity 10 ProFund | | | 3,598,000 | | | | 57,006 | | | | — | | | | 57,006 | | |
Rising U.S. Dollar ProFund | | | 10,938,000 | | | | — | | | | — | | | | — | | |
Semiconductor UltraSector ProFund | | | 57,381,269 | | | | 47,293,855 | | | | (6,319,729 | ) | | | 40,974,126 | | |
Short Energy ProFund | | | 1,128,000 | | | | 27,835 | | | | — | | | | 27,835 | | |
Short Nasdaq 100 ProFund | | | 4,199,000 | | | | — | | | | (62,723 | ) | | | (62,723 | ) | |
Short Precious Metals ProFund | | | 3,826,000 | | | | 106,937 | | | | — | | | | 106,937 | | |
Short Real Estate ProFund | | | 3,125,000 | | | | — | | | | (63,443 | ) | | | (63,443 | ) | |
Short Small Cap ProFund | | | 3,059,000 | | | | — | | | | (186,974 | ) | | | (186,974 | ) | |
Small-Cap Growth ProFund | | | 2,977,430 | | | | 1,100,789 | | | | (541,208 | ) | | | 559,581 | | |
Small-Cap ProFund | | | 9,152,285 | | | | 745,635 | | | | (295,672 | ) | | | 449,963 | | |
Small-Cap Value ProFund | | | 2,499,926 | | | | 573,467 | | | | (694,014 | ) | | | (120,547 | ) | |
Technology UltraSector ProFund | | | 24,955,848 | | | | 23,710,704 | | | | (1,004,302 | ) | | | 22,706,402 | | |
UltraChina ProFund | | | 29,632,406 | | | | 4,216,120 | | | | (12,031,775 | ) | | | (7,815,655 | ) | |
UltraDow 30 ProFund | | | 13,848,512 | | | | 13,670,688 | | | | (1,072,529 | ) | | | 12,598,159 | | |
UltraEmerging Markets ProFund | | | 5,341,039 | | | | 2,195,858 | | | | (1,288,232 | ) | | | 907,626 | | |
UltraInternational ProFund | | | 3,445,000 | | | | 111,339 | | | | — | | | | 111,339 | | |
UltraLatin America ProFund | | | 11,852,913 | | | | 3,479,264 | | | | (4,276,694 | ) | | | (797,430 | ) | |
UltraMid-Cap ProFund | | | 21,790,056 | | | | 8,609,730 | | | | (2,454,840 | ) | | | 6,154,890 | | |
UltraShort China ProFund | | | 1,519,000 | | | | 27,621 | | | | — | | | | 27,621 | | |
UltraShort Dow 30 ProFund | | | 2,872,000 | | | | — | | | | (108,124 | ) | | | (108,124 | ) | |
UltraShort Emerging Markets ProFund | | | 694,000 | | | | 4,390 | | | | — | | | | 4,390 | | |
UltraShort International ProFund | | | 2,220,000 | | | | — | | | | (72,910 | ) | | | (72,910 | ) | |
UltraShort Japan ProFund | | | 260,000 | | | | — | | | | (6,955 | ) | | | (6,955 | ) | |
UltraShort Latin America ProFund | | | 1,323,000 | | | | 3,830 | | | | — | | | | 3,830 | | |
UltraShort Mid-Cap ProFund | | | 1,814,000 | | | | — | | | | (64,673 | ) | | | (64,673 | ) | |
UltraShort Small-Cap ProFund | | | 5,808,000 | | | | — | | | | (167,945 | ) | | | (167,945 | ) | |
UltraSmall-Cap ProFund | | | 27,679,313 | | | | 8,927,528 | | | | (4,705,387 | ) | | | 4,222,141 | | |
U.S. Government Plus ProFund | | | 14,550,000 | | | | — | | | | (202,960 | ) | | | (202,960 | ) | |
Utilities UltraSector ProFund | | | 4,406,243 | | | | 3,112,680 | | | | (261,590 | ) | | | 2,851,090 | | |
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, 2024, Access Flex Bear High Yield ProFund was owed $299,294 and the Rising U.S. Dollar ProFund was owed $689,420 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
July 31, 2024 :: Notes to Financial Statements :: 315
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 $7,709, 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 $295,692 and $681,711, 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 (or to) Lehman have been substantially relieved as of July 31, 2024.
9. Share Splits and Reverse Share Splits
Effective March 13, 2023, the Short Nasdaq-100 ProFund and the UltraShort Nasdaq-100 ProFund underwent a 1-for-5 reverse share split.
Effective March 6, 2023, the Short Small-Cap ProFund underwent a 1-for-5 reverse share split, the UltraChina ProFund and the UltraShort Mid-Cap ProFund underwent a 1-for-10 reverse share split.
Effective December 14, 2020, the Consumer Staples UltraSector ProFund, the Internet UltraSector ProFund, and the UltraNasdaq-100 ProFund underwent a 2-for-1 share split, the Oil & Gas 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 Discretionary 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 & Gas Equipment & Services UltraSector ProFund underwent a 1-for-8 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 1940 Act. As of July 31, 2024, the following shareholders were deemed a significant shareholder of the following ProFunds:
| | | Shareholder Name | | % of Fund Owned | |
Rising U.S. Dollar ProFund | | SEI Private Trust Company | | | 65 | % | |
Short Precious Metals ProFund | | Eric R. Fischer | | | 48 | % | |
UltraJapan ProFund | | Robert Ronus | | | 27 | % | |
UltraLatin America ProFund | | Warren M. and Karen A. Merguerian | | | 64 | % | |
11. Subsequent Events
Effective following the close of the market on October 11, 2024, the Communication Services UltraSector ProFund, the Large-Cap Growth ProFund, the Nasdaq-100 ProFund, and the Technology UltraSector ProFund will undergo a 4-for-1 share split, the Semiconductor UltraSector ProFund will undergo an 8-for-1 share split, the Short Small-Cap ProFund will undergo a 1-for-2 reverse share split, the UltraShort Latin America ProFund will undergo a 1-for-8 reverse share split, and the UltraShort Japan ProFund and the UltraShort Small-Cap ProFund will undergo a 1-for-10 reverse share split.
The effect of each share split will be to multiply the number of outstanding shares of the ProFund by the respective split factor, with a corresponding decrease in the net asset value per share. The effect of each reverse share split transactions will be to divide the number of outstanding shares of the ProFund by the respective reverse split factor, with a corresponding increase in the net asset value per share. These transactions will not change the net assets of the respective ProFund or the value of a shareholder's investment.
316 :: Notes to Financial Statements :: July 31, 2024
Since the effective date of the share splits and the reverse share splits is after the issuance date of this report, for each respective ProFund, neither the Statement of Changes in Net Assets nor the per share data presented in the Financial Highlights have been retroactively adjusted to give effect of the share splits and reverse share splits. Such retroactive adjustments will be presented in the ProFunds' next registration statement to be dated on or about December 1, 2024.
Effective November 4, 2024, The Ultimus Group, LLC will replace Citi both as the Administrator and as fund accounting agent for the Trust.
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 additional subsequent events to report that would have a material impact on the ProFunds' financial statements.
Report of Independent Registered Public Accounting Firm :: 317
To the Shareholders and Board of Trustees
ProFunds:
Opinion on the Financial Statements
We have audited the accompanying 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, as of July 31, 2024, 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 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 the Funds as of July 31, 2024, 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 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, 2024, 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 27, 2024
318 :: Report of Independent Registered Public Accounting Firm
Appendix
Statements of assets and liabilities, including the schedules of portfolio investments, as of July 31, 2024, 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.
Access Flex Bear High Yield ProFund
Access Flex High Yield ProFund
Banks UltraSector ProFund
Bear ProFund
Biotechnology UltraSector ProFund
Bull ProFund
Communication Services Ultrasector ProFund
Consumer Discretionary UltraSector ProFund
Consumer Staples UltraSector ProFund
Energy 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
Materials UltraSector ProFund
Mid-Cap Growth ProFund
Mid-Cap ProFund
Mid-Cap Value ProFund
Nasdaq-100 ProFund
Oil & Gas 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 Energy ProFund
Short Nasdaq-100 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
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
Form N-CSR – Items 8-11 (unaudited)
320 :: Form N-CSR – Items 8-11 :: July 31, 2024 (unaudited)
Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not Applicable.
Item 9. Proxy Disclosures for Open-End Management Investment Companies.
Not Applicable.
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
Remuneration paid to Trustees, Officers, and others are part of the Financial Statements filed under Item 7(a) of this Form.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
Not Applicable.
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.
| (b) | The Financial Highlights are included as a part of the Financial Statements filed under Item 7(a) of this Form. |
Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Changes in and disagreements with accountants, if any, are included as part of the Financial Statements filed under Item 7(a) of this Form.
Item 9. Proxy Disclosures for Open-End Management Investment Companies.
Proxy disclosures, if any, are included as part of the Financial Statements filed under Item 7(a) of this Form.
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
Remuneration paid to Trustees, Officers and others are part of the Financial Statements filed under Item 7(a) of this Form.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
Approval of Investment Advisory Contract, if approved by the Board of Directors in the most recent half-year, is a part of the Financial Statements filed under Item 7(a) of this Form.
Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 13. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 15. Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 16. 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 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 18. Recovery of Erroneously Awarded Compensation.
Not applicable.
Item 19. Exhibits.
(a)(1) The code of ethics that is the subject of the disclosure required by Item 2 is attached hereto.
(a)(2) Not applicable
(a)(3) The certifications required by Rule 30a-2(a) of the Investment Company Act of 1940 are attached hereto.
(b) The certifications required by Rule 30a-2(b) of the Investment Company Act of 1940 and Section 906 of the Sarbanes-Oxley Act of 2002 are attached 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.
| By (Signature and Title)* | /s/ Todd B. Johnson | |
| | Todd B. Johnson, President and Principal Executive Officer | |
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 | |
| By (Signature and Title)* | /s/ Denise Lewis | |
| | Denise Lewis, Treasurer and Principal Financial Officer | |
* Print the name and title of each signing officer under his or her signature.
