STYLE/TYPELARGECAPGROWTHMID CAPVALUEMID CAPGROWTHSPECIALTYINTER-NATIONALEQUITYSPECIALTYINVESTMENT OBJECTIVES/POLICIESProFund VP Large-Cap Growth: seeks daily investment results, before fees andexpenses, that correspond to the daily performance of the S&P 500/Citigroup GrowthIndex ® . The S&P 500/Citigroup Growth Index is designed to provide a comprehensivemeasure of large-cap U.S. equity “growth” performance. It is an unmanaged float adjustedmarket capitalization weighted index comprised of stocks representing approximately halfthe market capitalization of the S&P 500 Index that have been identified as being on thegrowth end of the growth-value spectrum.ProFund VP Mid-Cap Value: seeks daily investment results, before fees and expenses,that correspond to the daily performance of the S&P MidCap 400/Citigroup Value Index ® .The S&P MidCap 400/Citigroup Value Index is designed to provide a comprehensivemeasure of mid-cap U.S. equity “value” performance. It is an unmanaged float adjustedmarket capitalization weighted index comprised of stocks representing approximately halfthe market capitalization of the S&P MidCap 400 Index that have been identified as beingon the value end of the growth-value spectrum.ProFund VP Mid-Cap Growth: seeks daily investment results, before fees and expenses,that correspond to the daily performance of the S&P MidCap 400/Citigroup GrowthIndex ® . The S&P MidCap 400/Citigroup Growth Index is designed to provide acomprehensive measure of mid-cap U.S. equity “growth” performance. It is an unmanagedfloat adjusted market capitalization weighted index comprised of stocks representingapproximately half the market capitalization of the S&P MidCap 400 Index that have beenidentified as being on the growth end of the growth-value spectrum.ProFund VP Asia 30: seeks daily investment results, before fees and expenses, thatcorrespond to the daily performance of the ProFunds Asia 30 Index. The ProFunds Asia 30Index, created by ProFund Advisors, is composed of 30 companies whose principal officesare located in the Asia/Pacific region, excluding Japan, and whose securities are traded onU.S. exchanges or on the NASDAQ as depository receipts or ordinary shares. Thecomponent companies in the ProFunds Asia 30Index are determined annually based upontheir U.S. dollar-traded volume. Their relative weights are determined based on themodified market capitalization method.ProFund VP Europe 30: seeks daily investment results, before fees and expenses, thatcorrespond to the daily performance of the ProFunds Europe 30 Index. The ProFundsEurope 30 Index, created by ProFund Advisors, is composed of companies whose principaloffices are located in Europe and whose securities are traded on U.S. exchanges or on theNASDAQ as depositary receipts or ordinary shares. The component companies in theProFunds Europe 30 Index are determined annually based upon their U.S. dollar-tradedvolume. Their relative weights are determined based on a modified market capitalizationmethod.ProFund VP Japan: seeks daily investment results, before fees and expenses, thatcorrespond to the daily performance of the Nikkei 225 Stock Average. The Fund determinesits success in meeting this investment objective by comparing its daily return on a givenday with the daily performance of the dollar-denominated Nikkei 225 futures contractstraded in the United States. The Fund seeks to provide a return consistent with aninvestment in the component equities in the Nikkei 225 Stock Average hedged to U.S.dollars.PORTFOLIOADVISOR/SUB-ADVISORProFund AdvisorsLLCProFund AdvisorsLLCProFund AdvisorsLLCProFund AdvisorsLLCProFund AdvisorsLLCProFund AdvisorsLLC26
STYLE/TYPEINVESTMENT OBJECTIVES/POLICIESPORTFOLIOADVISOR/SUB-ADVISORThe Nikkei 225 Stock Average (“Nikkei” ) is a modified price-weighted index of the 225 most actively traded and liquidJapanese companies listed in the First Section of the Tokyo Stock Exchange (TSE). The Nikkei is calculated from theprices of the 225 TSE First Section stocks selected to represent a broad cross-section of Japanese industries and the overallperformance of the Japanese equity market. Nihon Keizai Shimbun, Inc. is the sponsor of the Index. Companies in theNikkei are reviewed annually. Emphasis is placed on maintaining the Index’s historical continuity while keeping the Indexcomposed of stocks with high market liquidity. The sponsor consults with various market experts, considers companyspecific information and the overall composition of the Index.SPECIALTYSPECIALTYSPECIALTYSPECIALTYSPECIALTYSPECIALTYSPECIALTYProFund VP Banks: seeks daily investment results, before fees and expenses, thatcorrespond to the daily performance of the Dow Jones U.S. Banks Index. The Dow JonesU.S. Banks Index measures the performance of the banking sector of the U.S. equitymarket. Component companies include regional and major U.S. domiciled banks engagedin a wide rage of financial services, including retail banking, loans and moneytransmissions.ProFund VP Basic Materials: seeks daily investment results, before fees and expenses,that correspond to the daily performance of the Dow Jones U.S. Basic MaterialsIndex. TheDow Jones U.S. Basic Materials Index measures the performance of the basic materialsindustry of the U.S. equity market. Component companies are involved in the production ofaluminum, steel, non ferrous metals, commodity chemicals, specialty chemicals, forestproducts, paper products, as well as themining of precious metalsand coal.ProFund VP Biotechnology: seeks daily investment results, before fees and expenses, thatcorrespond to the daily performance of the Dow Jones U.S. Biotechnology Index. The DowJones U.S. Biotechnology Index measures the performance of the biotechnology subsectorof the U.S. equity market. Component companies engage in research and development ofbiological substances for drug discovery and diagnostic development. These companiesderive most of their revenue from thesaleoflicensing ofdrugs anddiagnostic tools.ProFund VP Consumer Goods: seeks daily investment results, before fees and expenses,that correspond to the daily performance of the Dow Jones U.S. Consumer Goods Index.The Dow Jones U.S. Consumer Goods Index measures the performance of consumerspending in the goods industry of the U.S. equity market. Component companies includeautomobiles and auto parts and tires, brewers and distillers, farming and fishing, durableand non-durable household product manufacturers, cosmetic companies, food and tobaccoproducts, clothing, accessories andfootwear.ProFund VP Consumer Services: seeks daily investment results, before fees andexpenses, that correspond to the daily performance of the Dow Jones U.S. ConsumerServices Index. The Dow Jones U.S. Consumer Services Index measures the performanceof consumer spending in the services industry of the U.S. equity market. Componentcompanies include airlines, broadcasting and entertainment, apparel and broadline retailers,food and drug retailers, media agencies, publishing, gambling, hotels, restaurants and bars,and travel and tourism.ProFund VP Financials: seeks daily investment results, before fees and expenses, thatcorrespond to the daily performance of the Dow Jones U.S. Financials Index. The DowJones U.S. Financials Index measures the performance of the financial services industry ofthe U.S. equity market. Component companies include regional banks; major U.S.domiciled international banks; full line, life, and property and casualty insurancecompanies; companies that invest, directly or indirectly in real estate; diversified financialcompanies such as Fannie Mae, credit card issuers, check cashing companies, mortgagelenders and investment advisers; securities brokers and dealers, including investmentbanks, merchant banksand online brokers; and publicly traded stock exchanges.ProFund VP Health Care: seeks daily investment results, before fees and expenses, thatcorrespond to the daily performance of the Dow Jones U.S. Health Care Index. The DowJones U.S. Health Care Index measures the performance of the healthcare industry of theU.S. equity market. Component companies include health care providers, biotechnologycompanies, medical supplies, advanced medical devices and pharmaceuticals.ProFund AdvisorsLLCProFund AdvisorsLLCProFund AdvisorsLLCProFund AdvisorsLLCProFund AdvisorsLLCProFund AdvisorsLLCProFund AdvisorsLLC27