ProFunds Utilities UltraSector Fund (Utilities UltraSector ProFund, ) Fonds

The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is constructed and maintained by S&P Dow Jones Indices LLC. The index represents the utilities sector of the S&P 500 Index (“S&P 500”). The fund is non-diversified.