-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, A3jYcr+Z5xVQEkf3/sqS4vRAiR/yuxdQM1MN+BQezlvyAuTmNC5lHfomfLhD5s02 hOhEaPmpw28f8W9LxWtW0A== 0001193125-09-261073.txt : 20091229 0001193125-09-261073.hdr.sgml : 20091229 20091229153531 ACCESSION NUMBER: 0001193125-09-261073 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20091031 FILED AS OF DATE: 20091229 DATE AS OF CHANGE: 20091229 EFFECTIVENESS DATE: 20091229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROFUNDS CENTRAL INDEX KEY: 0001039803 IRS NUMBER: 522035197 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-08239 FILM NUMBER: 091263904 BUSINESS ADDRESS: STREET 1: 3435 STELZLER RD CITY: COLUMBUS STATE: OH ZIP: 43219 BUSINESS PHONE: 6144708626 MAIL ADDRESS: STREET 1: 3435 STELZER RD CITY: COLUMBUS STATE: OH ZIP: 43219 0001039803 S000003059 BULL PROFUND C000008334 BULL PROFUND INVESTOR CLASS BLPIX C000008335 BULL PROFUND SERVICE CLASS BLPSX 0001039803 S000003060 SMALL-CAP GROWTH PROFUND C000008336 SMALL-CAP GROWTH PROFUND INVESTOR CLASS SGPIX C000008337 SMALL-CAP GROWTH PROFUND SERVICE CLASS SGPSX 0001039803 S000003061 EUROPE 30 PROFUND C000008338 EUROPE 30 PROFUND INVESTOR CLASS UEPIX C000008339 EUROPE 30 PROFUND SERVICE CLASS UEPSX 0001039803 S000003062 ULTRABULL PROFUND C000008340 ULTRABULL PROFUND INVESTOR CLASS ULPIX C000008341 ULTRABULL PROFUND SERVICE CLASS ULPSX 0001039803 S000003063 ULTRAMID-CAP PROFUND C000008342 ULTRAMID-CAP PROFUND INVESTOR CLASS UMPIX C000008343 ULTRAMID-CAP PROFUND SERVICE CLASS UMPSX C000012245 ULTRAMID-CAP PROFUND CLASS A 0001039803 S000003064 ULTRASMALL-CAP PROFUND C000008344 ULTRASMALL-CAP PROFUND INVESTOR CLASS UAPIX C000008345 ULTRASMALL-CAP PROFUND SERVICE CLASS UAPSX C000012246 ULTRASMALL-CAP PROFUND CLASS A 0001039803 S000003065 ULTRADOW 30 PROFUND C000008346 ULTRADOW 30 PROFUND INVESTOR CLASS UDPIX C000008347 ULTRADOW 30 PROFUND SERVICE CLASS UDPSX 0001039803 S000003066 ULTRANASDAQ-100 PROFUND C000008348 ULTRANASDAQ-100 PROFUND INVESTOR CLASS UOPIX C000008349 ULTRANASDAQ-100 PROFUND SERVICE CLASS UOPSX 0001039803 S000003067 ULTRAJAPAN PROFUND C000008350 ULTRAJAPAN PROFUND INVESTOR CLASS UJPIX C000008351 ULTRAJAPAN PROFUND SERVICE CLASS UJPSX 0001039803 S000003068 MID-CAP PROFUND C000008352 MID-CAP PROFUND INVESTOR CLASS MDPIX C000008353 MID-CAP PROFUND SERVICE CLASS MDPSX C000012250 MID-CAP PROFUND CLASS A 0001039803 S000003069 SMALL-CAP PROFUND C000008354 SMALL-CAP PROFUND INVESTOR CLASS SLPIX C000008355 SMALL-CAP PROFUND SERVICE CLASS SLPSX C000012251 SMALL-CAP PROFUND CLASS A 0001039803 S000003070 NASDAQ-100 PROFUND C000008356 NASDAQ-100 PROFUND INVESTOR CLASS OTPIX C000008357 NASDAQ-100 PROFUND SERVICE CLASS OTPSX 0001039803 S000003071 LARGE-CAP VALUE PROFUND C000008358 LARGE-CAP VALUE PROFUND INVESTOR CLASS LVPIX C000008359 LARGE-CAP VALUE PROFUND SERVICE CLASS LVPSX 0001039803 S000003072 LARGE-CAP GROWTH PROFUND C000008360 LARGE-CAP GROWTH PROFUND INVESTOR CLASS LGPIX C000008361 LARGE-CAP GROWTH PROFUND SERVICE CLASS LGSIX 0001039803 S000003073 MID-CAP VALUE PROFUND C000008362 MID-CAP VALUE PROFUND INVESTOR CLASS MLPIX C000008363 MID-CAP VALUE PROFUND SERVICE CLASS MLPSX 0001039803 S000003074 MID-CAP GROWTH PROFUND C000008364 MID-CAP GROWTH PROFUND INVESTOR CLASS MGPIX C000008365 MID-CAP GROWTH PROFUND SERVICE CLASS MGPSX 0001039803 S000003075 SMALL-CAP VALUE PROFUND C000008366 SMALL-CAP VALUE PROFUND INVESTOR CLASS SVPIX C000008367 SMALL-CAP VALUE PROFUND SERVICE CLASS SVPSX 0001039803 S000003076 BEAR PROFUND C000008368 BEAR PROFUND INVESTOR CLASS BRPIX C000008369 BEAR PROFUND SERVICE CLASS BRPSX 0001039803 S000003077 SHORT REAL ESTATE PROFUND C000008370 SHORT REAL ESTATE PROFUND INVESTOR CLASS SRPIX C000008371 SHORT REAL ESTATE PROFUND SERVICE CLASS SRPSX 0001039803 S000003078 SHORT SMALL-CAP PROFUND C000008372 SHORT SMALL-CAP PROFUND INVESTOR CLASS SHPIX C000008373 SHORT SMALL-CAP PROFUND SERVICE CLASS SHPSX 0001039803 S000003079 SHORT NASDAQ-100 PROFUND C000008374 SHORT NASDAQ-100 PROFUND INVESTOR CLASS SOPIX C000008375 SHORT NASDAQ-100 PROFUND SERVICE CLASS SOPSX 0001039803 S000003080 ULTRABEAR PROFUND C000008376 ULTRABEAR PROFUND INVESTOR CLASS URPIX C000008377 ULTRABEAR PROFUND SERVICE CLASS URPSX 0001039803 S000003081 ULTRASHORT MID-CAP PROFUND C000008378 ULTRASHORT MID-CAP PROFUND INVESTOR CLASS UIPIX C000008379 ULTRASHORT MID-CAP PROFUND SERVICE CLASS UIPSX 0001039803 S000003082 ULTRASHORT SMALL-CAP PROFUND C000008380 ULTRASHORT SMALL-CAP PROFUND INVESTOR CLASS UCPIX C000008381 ULTRASHORT SMALL-CAP PROFUND SERVICE CLASS UCPSX 0001039803 S000003083 ULTRASHORT DOW 30 PROFUND C000008382 ULTRASHORT DOW 30 PROFUND INVESTOR CLASS UWPIX C000008383 ULTRASHORT DOW 30 PROFUND SERVICE CLASS UWPSX 0001039803 S000003084 ULTRASHORT NASDAQ-100 PROFUND C000008384 ULTRASHORT NASDAQ-100 PROFUND INVESTOR CLASS USPIX C000008385 ULTRASHORT NASDAQ-100 PROFUND SERVICE CLASS USPSX 0001039803 S000003085 SHORT OIL & GAS PROFUND C000008386 SHORT OIL & GAS PROFUND INVESTOR CLASS SNPIX C000008387 SHORT OIL & GAS PROFUND SERVICE CLASS SNPSX 0001039803 S000003091 BANKS ULTRASECTOR PROFUND C000008397 BANKS ULTRASECTOR PROFUND INVESTOR CLASS BKPIX C000008398 BANKS ULTRASECTOR PROFUND SERVICE CLASS BKPSX 0001039803 S000003092 INTERNET ULTRASECTOR PROFUND C000008399 INTERNET ULTRASECTOR PROFUND INVESTOR CLASS INPIX C000008400 INTERNET ULTRASECTOR PROFUND SERVICE CLASS INPSX 0001039803 S000003093 PHARMACEUTICALS ULTRASECTOR PROFUND C000008401 PHARMACEUTICALS ULTRASECTOR PROFUND INVESTOR CLASS PHPIX C000008402 PHARMACEUTICALS ULTRASECTOR PROFUND SERVICE CLASS PHPSX 0001039803 S000003094 PRECIOUS METALS ULTRASECTOR PROFUND C000008403 PRECIOUS METALS ULTRASECTOR PROFUND INVESTOR CLASS PMPIX C000008404 PRECIOUS METALS ULTRASECTOR PROFUND SERVICE CLASS PMPSX 0001039803 S000003095 REAL ESTATE ULTRASECTOR PROFUND C000008405 REAL ESTATE ULTRASECTOR PROFUND INVESTOR CLASS REPIX C000008406 REAL ESTATE ULTRASECTOR PROFUND SERVICE CLASS REPSX 0001039803 S000003096 SEMICONDUCTOR ULTRASECTOR PROFUND C000008407 SEMICONDUCTOR ULTRASECTOR PROFUND INVESTOR CLASS SMPIX C000008408 SEMICONDUCTOR ULTRASECTOR PROFUND SERVICE CLASS SMPSX 0001039803 S000003097 TECHNOLOGY ULTRASECTOR PROFUND C000008409 TECHNOLOGY ULTRASECTOR PROFUND INVESTOR CLASS TEPIX C000008410 TECHNOLOGY ULTRASECTOR PROFUND SERVICE CLASS TEPSX 0001039803 S000003098 TELECOMMUNICATIONS ULTRASECTOR PROFUND C000008411 TELECOMMUNICATIONS ULTRASECTOR PROFUND INVESTOR CLASS TCPIX C000008412 TELECOMMUNICATIONS ULTRASECTOR PROFUND SERVICE CLASS TCPSX 0001039803 S000003099 UTILITIES ULTRASECTOR PROFUND C000008413 UTILITIES ULTRASECTOR PROFUND INVESTOR CLASS UTPIX C000008414 UTILITIES ULTRASECTOR PROFUND SERVICE CLASS UTPSX 0001039803 S000003100 MOBILE TELECOMMUNICATIONS ULTRASECTOR PROFUND C000008415 MOBILE TELECOMMUNICATIONS ULTRASECTOR PROFUND INVESTOR CLASS WCPIX C000008416 MOBILE TELECOMMUNICATIONS ULTRASECTOR PROFUND SERVICE CLASS WCPSX 0001039803 S000003101 U.S. GOVERNMENT PLUS PROFUND C000008417 U.S. GOVERNMENT PLUS PROFUND INVESTOR CLASS GVPIX C000008418 U.S. GOVERNMENT PLUS PROFUND SERVICE CLASS GVPSX C000012278 U.S. GOVERNMENT PLUS PROFUND CLASS A GVPQX 0001039803 S000003102 BASIC MATERIALS ULTRASECTOR PROFUND C000008419 BASIC MATERIALS ULTRASECTOR PROFUND INVESTOR CLASS BMPIX C000008420 BASIC MATERIALS ULTRASECTOR PROFUND SERVICE CLASS BMPSX 0001039803 S000003103 RISING RATES OPPORTUNITY 10 PROFUND C000008421 RISING RATES OPPORTUNITY 10 PROFUND INVESTOR CLASS RTPIX C000008422 RISING RATES OPPORTUNITY 10 PROFUND SERVICE CLASS RTPSX C000012280 RISING RATES OPPORTUNITY 10 PROFUND CLASS A RTPQX 0001039803 S000003104 RISING RATES OPPORTUNITY PROFUND C000008423 RISING RATES OPPORTUNITY PROFUND INVESTOR CLASS RRPIX C000008424 RISING RATES OPPORTUNITY PROFUND SERVICE CLASS RRPSX C000012281 RISING RATES OPPORTUNITY PROFUND CLASS A RRPQX 0001039803 S000003105 RISING U.S. DOLLAR PROFUND C000008425 RISING U.S. DOLLAR PROFUND INVESTOR CLASS RDPIX C000008426 RISING U.S. DOLLAR PROFUND SERVICE CLASS RDPSX 0001039803 S000003106 FALLING U.S. DOLLAR PROFUND C000008427 FALLING U.S. DOLLAR PROFUND INVESTOR CLASS FDPIX C000008428 FALLING U.S. DOLLAR PROFUND SERVICE CLASS FDPSX 0001039803 S000003107 BIOTECHNOLOGY ULTRASECTOR PROFUND C000008429 BIOTECHNOLOGY ULTRASECTOR PROFUND INVESTOR CLASS BIPIX C000008430 BIOTECHNOLOGY ULTRASECTOR PROFUND SERVICE CLASS BIPSX 0001039803 S000003108 CONSUMER SERVICES ULTRASECTOR PROFUND C000008431 CONSUMER SERVICES ULTRASECTOR PROFUND INVESTOR CLASS CYPIX C000008432 CONSUMER SERVICES ULTRASECTOR PROFUND SERVICE CLASS CYPSX 0001039803 S000003109 CONSUMER GOODS ULTRASECTOR PROFUND C000008433 CONSUMER GOODS ULTRASECTOR PROFUND INVESTOR CLASS CNPIX C000008434 CONSUMER GOODS ULTRASECTOR PROFUND SERVICE CLASS CNPSX 0001039803 S000003110 OIL & GAS ULTRASECTOR PROFUND C000008435 OIL & GAS ULTRASECTOR PROFUND INVESTOR CLASS ENPIX C000008436 OIL & GAS ULTRASECTOR PROFUND SERVICE CLASS ENPSX 0001039803 S000003111 FINANCIALS ULTRASECTOR PROFUND C000008437 FINANCIALS ULTRASECTOR PROFUND INVESTOR CLASS FNPIX C000008438 FINANCIALS ULTRASECTOR PROFUND SERVICE CLASS FNPSX 0001039803 S000003112 HEALTH CARE ULTRASECTOR PROFUND C000008439 HEALTH CARE ULTRASECTOR PROFUND INVESTOR CLASS HCPIX C000008440 HEALTH CARE ULTRASECTOR PROFUND SERVICE CLASS HCPSX 0001039803 S000003113 INDUSTRIALS ULTRASECTOR PROFUND C000008441 INDUSTRIALS ULTRASECTOR PROFUND INVESTOR CLASS IDPIX C000008442 INDUSTRIALS ULTRASECTOR PROFUND SERVICE CLASS IDPSX 0001039803 S000004469 SHORT PRECIOUS METALS PROFUND C000012306 SHORT PRECIOUS METALS PROFUND INVESTOR CLASS SPPIX C000012307 SHORT PRECIOUS METALS PROFUND SERVICE CLASS SPPSX 0001039803 S000004473 OIL EQUIPMENT, SERVICES & DISTRIBUTION ULTRASECTOR PROFUND C000012315 OIL EQUIPMENT, SERVICES & DISTRIBUTION ULTRASECTOR PROFUND INVESTOR CLASS OEPIX C000012316 OIL EQUIPMENT, SERVICES & DISTRIBUTION ULTRASECTOR PROFUND SERVICE CLASS OEPSX 0001039803 S000008839 ULTRAEMERGING MARKETS PROFUND C000024060 ULTRAEMERGING MARKETS PROFUND INVESTOR CLASS UUPIX C000024061 ULTRAEMERGING MARKETS PROFUND SERVICE CLASS UUPSX 0001039803 S000008846 ULTRAINTERNATIONAL PROFUND C000024071 ULTRAINTERNATIONAL PROFUND INVESTOR CLASS UNPIX C000024072 ULTRAINTERNATIONAL PROFUND SERVICE CLASS UNPSX 0001039803 S000008847 ULTRASHORT EMERGING MARKETS PROFUND C000024074 ULTRASHORT EMERGING MARKETS PROFUND INVESTOR CLASS UVPIX C000024075 ULTRASHORT EMERGING MARKETS PROFUND SERVICE CLASS UVPSX 0001039803 S000008849 ULTRASHORT JAPAN PROFUND C000024080 ULTRASHORT JAPAN PROFUND INVESTOR CLASS UKPIX C000024081 ULTRASHORT JAPAN PROFUND SERVICE CLASS UKPSX 0001039803 S000008850 ULTRASHORT INTERNATIONAL PROFUND C000024083 ULTRASHORT INTERNATIONAL PROFUND INVESTOR CLASS UXPIX C000024084 ULTRASHORT INTERNATIONAL PROFUND SERVICE CLASS UXPSX 0001039803 S000012863 ULTRASHORT LATIN AMERICA PROFUND C000034786 ULTRASHORT LATIN AMERICA PROFUND INVESTOR CLASS UFPIX C000034787 ULTRASHORT LATIN AMERICA PROFUND SERVICE CLASS UFPSX 0001039803 S000012879 ULTRALATIN AMERICA PROFUND C000034818 ULTRALATIN AMERICA PROFUND INVESTOR CLASS UBPIX C000034819 ULTRALATIN AMERICA PROFUND SERVICE CLASS UBPSX 0001039803 S000020739 UltraChina ProFund C000057897 UltraChina ProFund Investor Class UGPIX C000057898 UltraChina ProFund Service Class UGPSX 0001039803 S000020741 UltraShort China ProFund C000057903 UltraShort China ProFund Investor Class UHPIX C000057904 UltraShort China ProFund Service Class UHPSX N-Q 1 dnq.htm N-Q N-Q

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

 

Investment Company Act file number        811-08239    

    ProFunds    

 

(Exact name of registrant as specified in charter)

 

    7501 Wisconsin Avenue, Suite 1000         Bethesda, MD        20814
                                (Address of principal executive offices)                                                    (Zip code)

    Citi Fund Services Ohio, Inc., 3435 Stelzer Road, 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: 

  

    October 31, 2009    

   

 

 

 

Item 1. Schedule of Investments.

PROFUNDS    Schedule of Portfolio Investments
Bull ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks (86.5%)

      

3M Co. (Miscellaneous Manufacturing)

    2,944    $ 216,590

Abbott Laboratories (Pharmaceuticals)

    6,509      329,160

Abercrombie & Fitch Co. - Class A (Retail)

    368      12,078

Adobe Systems, Inc.* (Software)

    2,208      72,732

Advanced Micro Devices, Inc.* (Semiconductors)

    2,369      10,897

Aetna, Inc. (Healthcare - Services)

    1,840      47,895

Affiliated Computer Services, Inc. - Class A* (Computers)

    414      21,565

AFLAC, Inc. (Insurance)

    1,978      82,067

Agilent Technologies, Inc.* (Electronics)

    1,449      35,848

Air Products & Chemicals, Inc. (Chemicals)

    874      67,412

Airgas, Inc. (Chemicals)

    345      15,304

AK Steel Holding Corp. (Iron/Steel)

    460      7,300

Akamai Technologies, Inc.* (Internet)

    736      16,192

Alcoa, Inc. (Mining)

    4,117      51,133

Allegheny Energy, Inc. (Electric)

    713      16,271

Allegheny Technologies, Inc. (Iron/Steel)

    414      12,776

Allergan, Inc. (Pharmaceuticals)

    1,288      72,450

Allstate Corp. (Insurance)

    2,254      66,651

Altera Corp. (Semiconductors)

    1,242      24,579

Altria Group, Inc. (Agriculture)

    8,740      158,281

Amazon.com, Inc.* (Internet)

    1,403      166,690

Ameren Corp. (Electric)

    989      24,072

American Electric Power, Inc. (Electric)

    2,001      60,470

American Express Co. (Diversified Financial Services)

    5,014      174,688

American International Group, Inc.* (Insurance)

    575      19,332

American Tower Corp.* (Telecommunications)

    1,656      60,974

Ameriprise Financial, Inc. (Diversified Financial Services)

    1,081      37,478

AmerisourceBergen Corp. (Pharmaceuticals)

    1,242      27,510

Amgen, Inc.* (Biotechnology)

    4,278      229,857

Amphenol Corp. - Class A (Electronics)

    713      28,606

Anadarko Petroleum Corp. (Oil & Gas)

    2,070      126,125

Analog Devices, Inc. (Semiconductors)

    1,219      31,243

AON Corp. (Insurance)

    1,150      44,287

Apache Corp. (Oil & Gas)

    1,426      134,215

Apartment Investment and Management Co. - Class A (REIT)

    483      5,965

Apollo Group, Inc. - Class A* (Commercial Services)

    529      30,206

Apple Computer, Inc.* (Computers)

    3,772      711,022

Applied Materials, Inc. (Semiconductors)

    5,612      68,466

Archer-Daniels-Midland Co. (Agriculture)

    2,714      81,746

Assurant, Inc. (Insurance)

    506      15,145

AT&T, Inc. (Telecommunications)

    24,863      638,233

Autodesk, Inc.* (Software)

    966      24,082

Automatic Data Processing, Inc. (Software)

    2,116      84,217

AutoNation, Inc.* (Retail)

    391      6,741

AutoZone, Inc.* (Retail)

    138      18,673

Avalonbay Communities, Inc. (REIT)

    345      23,729

Avery Dennison Corp. (Household Products/Wares)

    483      17,219

Avon Products, Inc. (Cosmetics/Personal Care)

    1,794      57,498

Baker Hughes, Inc. (Oil & Gas Services)

    1,311      55,154

Ball Corp. (Packaging & Containers)

    391      19,288

Bank of America Corp. (Banks)

    36,455      531,514

Bank of New York Mellon Corp. (Banks)

    5,060      134,900

Bard (C.R.), Inc. (Healthcare - Products)

    414      31,079

Baxter International, Inc. (Healthcare - Products)

    2,530      136,772

BB&T Corp. (Banks)

    2,875      68,741

Becton, Dickinson & Co. (Healthcare - Products)

    1,012      69,180

Bed Bath & Beyond, Inc.* (Retail)

    1,104      38,872

Bemis Co., Inc. (Packaging & Containers)

    460      11,882

Best Buy Co., Inc. (Retail)

    1,449      55,323

Big Lots, Inc.* (Retail)

    345      8,642

Biogen Idec, Inc.* (Biotechnology)

    1,219      51,356

BJ Services Co. (Oil & Gas Services)

    1,242      23,846

Black & Decker Corp. (Hand/Machine Tools)

    253      11,947

BMC Software, Inc.* (Software)

    782      29,059

Boeing Co. (Aerospace/Defense)

    3,059      146,220

Boston Properties, Inc. (REIT)

    575      34,943

Boston Scientific Corp.* (Healthcare - Products)

    6,348      51,546

Bristol-Myers Squibb Co. (Pharmaceuticals)

    8,349      182,008

Broadcom Corp. - Class A* (Semiconductors)

    1,817      48,350

Brown-Forman Corp. (Beverages)

    460      22,453

Burlington Northern Santa Fe Corp. (Transportation)

    1,104      83,153

C.H. Robinson Worldwide, Inc. (Transportation)

    713      39,293

CA, Inc. (Software)

    1,679      35,125

Cabot Oil & Gas Corp. (Oil & Gas)

    437      16,811

Cameron International Corp.* (Oil & Gas Services)

    920      34,012

Campbell Soup Co. (Food)

    805      25,559

Capital One Financial Corp. (Diversified Financial Services)

    1,909      69,869

Cardinal Health, Inc. (Pharmaceuticals)

    1,518      43,020

CareFusion Corp.* (Healthcare - Products)

    759      16,979

Carnival Corp. - Class A (Leisure Time)

    1,840      53,581

Caterpillar, Inc. (Machinery - Construction & Mining)

    2,622      144,367

CB Richard Ellis Group, Inc. - Class A* (Real Estate)

    1,012      10,474

CBS Corp. - Class B (Media)

    2,852      33,568

Celgene Corp.* (Biotechnology)

    1,932      98,629

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Bull ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

CenterPoint Energy, Inc. (Electric)

    1,633    $ 20,576

CenturyTel, Inc. (Telecommunications)

    1,242      40,315

Cephalon, Inc.* (Pharmaceuticals)

    322      17,575

CF Industries Holdings, Inc. (Chemicals)

    207      17,233

Chesapeake Energy Corp. (Oil & Gas)

    2,714      66,493

Chevron Corp. (Oil & Gas)

    8,441      646,074

Chubb Corp. (Insurance)

    1,472      71,421

Ciena Corp.* (Telecommunications)

    391      4,586

CIGNA Corp. (Insurance)

    1,150      32,016

Cincinnati Financial Corp. (Insurance)

    690      17,498

Cintas Corp. (Textiles)

    552      15,285

Cisco Systems, Inc.* (Telecommunications)

    24,311      555,506

Citigroup, Inc. (Diversified Financial Services)

    54,970      224,827

Citrix Systems, Inc.* (Software)

    782      28,746

Clorox Co. (Household Products/Wares)

    598      35,420

CME Group, Inc. (Diversified Financial Services)

    276      83,520

CMS Energy Corp. (Electric)

    966      12,848

Coach, Inc. (Apparel)

    1,334      43,982

Coca-Cola Co. (Beverages)

    9,775      521,105

Coca-Cola Enterprises, Inc. (Beverages)

    1,334      25,439

Cognizant Technology Solutions Corp.* (Computers)

    1,242      48,003

Colgate-Palmolive Co. (Cosmetics/Personal Care)

    2,093      164,573

Comcast Corp. - Class A (Media)

    12,098      175,421

Comerica, Inc. (Banks)

    644      17,871

Computer Sciences Corp.* (Computers)

    644      32,657

Compuware Corp.* (Software)

    1,012      7,145

ConAgra Foods, Inc. (Food)

    1,863      39,123

ConocoPhillips (Oil & Gas)

    6,256      313,926

CONSOL Energy, Inc. (Coal)

    759      32,493

Consolidated Edison, Inc. (Electric)

    1,150      46,782

Constellation Brands, Inc.* (Beverages)

    828      13,099

Constellation Energy Group, Inc. (Electric)

    851      26,313

Convergys Corp.* (Commercial Services)

    529      5,740

Corning, Inc. (Telecommunications)

    6,555      95,769

Costco Wholesale Corp. (Retail)

    1,840      104,604

Coventry Health Care, Inc.* (Healthcare - Services)

    621      12,314

CSX Corp. (Transportation)

    1,656      69,850

Cummins, Inc. (Machinery - Diversified)

    851      36,644

CVS Corp. (Retail)

    6,072      214,342

D.R. Horton, Inc. (Home Builders)

    1,173      12,856

Danaher Corp. (Miscellaneous Manufacturing)

    1,081      73,757

Darden Restaurants, Inc. (Retail)

    598      18,125

DaVita, Inc.* (Healthcare - Services)

    437      23,174

Dean Foods Co.* (Food)

    759      13,837

Deere & Co. (Machinery - Diversified)

    1,771      80,669

Dell, Inc.* (Computers)

    7,245      104,980

Denbury Resources, Inc.* (Oil & Gas)

    1,058      15,447

DENTSPLY International, Inc. (Healthcare - Products)

    621      20,468

Devon Energy Corp. (Oil & Gas)

    1,863      120,555

DeVry, Inc. (Commercial Services)

    253      13,988

Diamond Offshore Drilling, Inc. (Oil & Gas)

    299      28,480

DIRECTV Group, Inc.* (Media)

    1,886      49,602

Discover Financial Services (Diversified Financial Services)

    2,254      31,872

Dominion Resources, Inc. (Electric)

    2,507      85,464

Dover Corp. (Miscellaneous Manufacturing)

    782      29,466

Dr. Pepper Snapple Group, Inc.* (Beverages)

    1,081      29,468

DTE Energy Co. (Electric)

    690      25,516

Duke Energy Corp. (Electric)

    5,474      86,599

Dun & Bradstreet Corp. (Software)

    230      17,609

Dynegy, Inc. - Class A* (Electric)

    2,139      4,278

E* TRADE Financial Corp.* (Diversified Financial Services)

    5,957      8,697

E.I. du Pont de Nemours & Co. (Chemicals)

    3,818      121,489

Eastman Chemical Co. (Chemicals)

    299      15,700

Eastman Kodak Co.* (Miscellaneous Manufacturing)

    1,127      4,226

Eaton Corp. (Miscellaneous Manufacturing)

    690      41,711

eBay, Inc.* (Internet)

    4,738      105,515

Ecolab, Inc. (Chemicals)

    989      43,476

Edison International (Electric)

    1,380      43,912

El Paso Corp. (Pipelines)

    2,944      28,881

Electronic Arts, Inc.* (Software)

    1,357      24,752

Eli Lilly & Co. (Pharmaceuticals)

    4,255      144,713

EMC Corp.* (Computers)

    8,510      140,160

Emerson Electric Co. (Electrical Components & Equipment)

    3,174      119,818

Ensco International, Inc. (Oil & Gas)

    598      27,382

Entergy Corp. (Electric)

    828      63,524

EOG Resources, Inc. (Oil & Gas)

    1,058      86,396

EQT Corp. (Oil & Gas)

    552      23,107

Equifax, Inc. (Commercial Services)

    529      14,484

Equity Residential Properties Trust (REIT)

    1,150      33,212

Exelon Corp. (Electric)

    2,783      130,690

Expedia, Inc.* (Internet)

    897      20,335

Expeditors International of Washington, Inc. (Transportation)

    897      28,901

Express Scripts, Inc.* (Pharmaceuticals)

    1,150      91,908

Exxon Mobil Corp. (Oil & Gas)

    20,263      1,452,249

Family Dollar Stores, Inc. (Retail)

    598      16,923

Fastenal Co. (Distribution/Wholesale)

    552      19,044

Federated Investors, Inc. - Class B (Diversified Financial Services)

    368      9,660

FedEx Corp. (Transportation)

    1,311      95,297

Fidelity National Information Services, Inc. (Software)

    1,334      29,028

Fifth Third Bancorp (Banks)

    3,358      30,021

First Horizon National Corp.* (Banks)

    921      10,893

First Solar, Inc.* (Energy - Alternate Sources)

    207      25,240

FirstEnergy Corp. (Electric)

    1,288      55,745

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Bull ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Fiserv, Inc.* (Software)

    644    $ 29,540

FLIR Systems, Inc.* (Electronics)

    644      17,910

Flowserve Corp. (Machinery - Diversified)

    230      22,588

Fluor Corp. (Engineering & Construction)

    759      33,715

FMC Corp. (Chemicals)

    299      15,279

FMC Technologies, Inc.* (Oil & Gas Services)

    506      26,616

Ford Motor Co.* (Auto Manufacturers)

    13,570      94,990

Forest Laboratories, Inc.* (Pharmaceuticals)

    1,265      35,003

Fortune Brands, Inc. (Household Products/Wares)

    644      25,084

FPL Group, Inc. (Electric)

    1,725      84,698

Franklin Resources, Inc. (Diversified Financial Services)

    621      64,975

Freeport-McMoRan Copper & Gold, Inc. - Class B* (Mining)

    1,725      126,546

Frontier Communications Corp. (Telecommunications)

    1,311      9,400

GameStop Corp. - Class A* (Retail)

    690      16,760

Gannett Co., Inc. (Media)

    989      9,712

General Dynamics Corp. (Aerospace/Defense)

    1,633      102,389

General Electric Co. (Miscellaneous Manufacturing)

    44,781      638,577

General Mills, Inc. (Food)

    1,380      90,970

Genuine Parts Co. (Distribution/Wholesale)

    667      23,338

Genworth Financial, Inc. - Class A* (Diversified Financial Services)

    2,024      21,495

Genzyme Corp.* (Biotechnology)

    1,150      58,190

Gilead Sciences, Inc.* (Pharmaceuticals)

    3,818      162,456

Goodrich Corp. (Aerospace/Defense)

    529      28,751

Google, Inc. - Class A* (Internet)

    1,012      542,553

H & R Block, Inc. (Commercial Services)

    1,403      25,731

Halliburton Co. (Oil & Gas Services)

    3,795      110,852

Harley-Davidson, Inc. (Leisure Time)

    989      24,646

Harman International Industries, Inc. (Home Furnishings)

    299      11,245

Harris Corp. (Telecommunications)

    552      23,029

Hartford Financial Services Group, Inc. (Insurance)

    1,610      39,477

Hasbro, Inc. (Toys/Games/Hobbies)

    529      14,426

HCP, Inc. (REIT)

    1,242      36,751

Health Care REIT, Inc. (REIT)

    506      22,451

Heinz (H.J.) Co. (Food)

    1,334      53,680

Hess Corp. (Oil & Gas)

    1,219      66,728

Hewlett-Packard Co. (Computers)

    9,982      473,746

Home Depot, Inc. (Retail)

    7,176      180,046

Honeywell International, Inc. (Miscellaneous Manufacturing)

    3,174      113,915

Hormel Foods Corp. (Food)

    299      10,902

Hospira, Inc.* (Pharmaceuticals)

    690      30,802

Host Marriott Corp. (REIT)

    2,553      25,811

Hudson City Bancorp, Inc. (Savings & Loans)

    1,978      25,991

Humana, Inc.* (Healthcare - Services)

    713      26,795

Huntington Bancshares, Inc. (Banks)

    2,898      11,041

Illinois Tool Works, Inc. (Miscellaneous Manufacturing)

    1,633      74,987

IMS Health, Inc. (Software)

    759      12,440

Integrys Energy Group, Inc. (Electric)

    322      11,141

Intel Corp. (Semiconductors)

    23,598      450,958

IntercontinentalExchange, Inc.* (Diversified Financial Services)

    299      29,957

International Business Machines Corp. (Computers)

    5,520      665,767

International Flavors & Fragrances, Inc. (Chemicals)

    322      12,265

International Game Technology (Entertainment)

    1,242      22,157

International Paper Co. (Forest Products & Paper)

    1,817      40,537

Interpublic Group of Cos., Inc.* (Advertising)

    2,047      12,323

Intuit, Inc.* (Software)

    1,357      39,448

Intuitive Surgical, Inc.* (Healthcare - Products)

    161      39,662

Invesco, Ltd. (Diversified Financial Services)

    1,748      36,970

Iron Mountain, Inc.* (Commercial Services)

    759      18,542

ITT Industries, Inc. (Miscellaneous Manufacturing)

    759      38,481

J.C. Penney Co., Inc. (Retail)

    989      32,766

J.P. Morgan Chase & Co. (Diversified Financial Services)

    16,583      692,672

Jabil Circuit, Inc. (Electronics)

    782      10,463

Jacobs Engineering Group, Inc.* (Engineering & Construction)

    529      22,371

Janus Capital Group, Inc. (Diversified Financial Services)

    759      9,958

JDS Uniphase Corp.* (Telecommunications)

    920      5,143

JM Smucker Co. (Food)

    506      26,681

Johnson & Johnson (Healthcare - Products)

    11,615      685,866

Johnson Controls, Inc. (Auto Parts & Equipment)

    2,783      66,569

Juniper Networks, Inc.* (Telecommunications)

    2,208      56,326

KB Home (Home Builders)

    322      4,566

Kellogg Co. (Food)

    1,081      55,715

KeyCorp (Banks)

    3,703      19,959

Kimberly-Clark Corp. (Household Products/Wares)

    1,748      106,908

Kimco Realty Corp. (REIT)

    1,587      20,060

King Pharmaceuticals, Inc.* (Pharmaceuticals)

    1,035      10,485

KLA -Tencor Corp. (Semiconductors)

    713      23,180

Kohls Corp.* (Retail)

    1,288      73,699

Kraft Foods, Inc. (Food)

    6,210      170,899

Kroger Co. (Food)

    2,737      63,307

L-3 Communications Holdings, Inc. (Aerospace/Defense)

    483      34,916

Laboratory Corp. of America Holdings* (Healthcare - Services)

    460      31,689

Legg Mason, Inc. (Diversified Financial Services)

    690      20,086

Leggett & Platt, Inc. (Miscellaneous Manufacturing)

    667      12,893

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Bull ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Lennar Corp. - Class A (Home Builders)

    644    $ 8,114

Leucadia National Corp.* (Holding Companies - Diversified)

    805      18,088

Lexmark International, Inc. - Class A* (Computers)

    322      8,211

Life Technologies Corp.* (Biotechnology)

    736      34,717

Limited, Inc. (Retail)

    1,127      19,835

Lincoln National Corp. (Insurance)

    1,265      30,145

Linear Technology Corp. (Semiconductors)

    943      24,405

Lockheed Martin Corp. (Aerospace/Defense)

    1,357      93,348

Loews Corp. (Insurance)

    1,541      51,007

Lorillard, Inc. (Agriculture)

    690      53,627

Lowe’s Cos., Inc. (Retail)

    6,233      121,980

LSI Logic Corp.* (Semiconductors)

    2,737      14,013

M&T Bank Corp. (Banks)

    345      21,683

Macy’s, Inc. (Retail)

    1,771      31,116

Marathon Oil Corp. (Oil & Gas)

    2,990      95,590

Marriott International, Inc. - Class A (Lodging)

    1,058      26,513

Marsh & McLennan Cos., Inc. (Insurance)

    2,208      51,800

Marshall & Ilsley Corp. (Banks)

    1,955      10,401

Masco Corp. (Building Materials)

    1,518      17,837

Massey Energy Co. (Coal)

    368      10,705

MasterCard, Inc. - Class A (Software)

    414      90,674

Mattel, Inc. (Toys/Games/Hobbies)

    1,518      28,736

MBIA, Inc.* (Insurance)

    667      2,708

McAfee, Inc.* (Internet)

    667      27,934

McCormick & Co., Inc. (Food)

    552      19,326

McDonald’s Corp. (Retail)

    4,600      269,606

McGraw-Hill Cos., Inc. (Media)

    1,334      38,393

McKesson Corp. (Commercial Services)

    1,127      66,189

MeadWestvaco Corp. (Forest Products & Paper)

    713      16,278

Medco Health Solutions, Inc.* (Pharmaceuticals)

    2,001      112,296

Medtronic, Inc. (Healthcare - Products)

    4,669      166,683

MEMC Electronic Materials, Inc.* (Semiconductors)

    943      11,712

Merck & Co., Inc. (Pharmaceuticals)

    8,878      274,597

Meredith Corp. (Media)

    161      4,357

MetLife, Inc. (Insurance)

    3,450      117,404

MetroPCS Communications, Inc.* (Telecommunications)

    1,104      6,878

Microchip Technology, Inc. (Semiconductors)

    782      18,737

Micron Technology, Inc.* (Semiconductors)

    3,565      24,206

Microsoft Corp. (Software)

    32,660      905,662

Millipore Corp.* (Biotechnology)

    230      15,412

Molex, Inc. (Electrical Components & Equipment)

    575      10,735

Molson Coors Brewing Co. - Class B (Beverages)

    667      32,663

Monsanto Co. (Agriculture)

    2,300      154,514

Monster Worldwide, Inc.* (Internet)

    529      7,681

Moody’s Corp. (Commercial Services)

    828      19,607

Morgan Stanley Dean Witter & Co. (Diversified Financial Services)

    5,727      183,951

Motorola, Inc. (Telecommunications)

    9,683      82,983

Murphy Oil Corp. (Oil & Gas)

    805      49,218

Mylan Laboratories, Inc.* (Pharmaceuticals)

    1,288      20,917

Nabors Industries, Ltd.* (Oil & Gas)

    1,196      24,913

NASDAQ Stock Market, Inc.* (Diversified Financial Services)

    598      10,800

National Semiconductor Corp. (Semiconductors)

    989      12,798

National-Oilwell Varco, Inc.* (Oil & Gas Services)

    1,771      72,593

NetApp, Inc.* (Computers)

    1,426      38,573

Newell Rubbermaid, Inc. (Housewares)

    1,173      17,020

Newmont Mining Corp. (Mining)

    2,070      89,962

News Corp. - Class A (Media)

    9,476      109,164

Nicor, Inc. (Gas)

    184      6,823

NIKE, Inc. - Class B (Apparel)

    1,633      101,540

NiSource, Inc. (Electric)

    1,150      14,858

Noble Energy, Inc. (Oil & Gas)

    736      48,304

Nordstrom, Inc. (Retail)

    690      21,928

Norfolk Southern Corp. (Transportation)

    1,541      71,841

Northeast Utilities System (Electric)

    736      16,965

Northern Trust Corp. (Banks)

    1,012      50,853

Northrop Grumman Corp. (Aerospace/Defense)

    1,334      66,873

Novell, Inc.* (Software)

    1,472      6,020

Novellus Systems, Inc.* (Semiconductors)

    414      8,520

Nucor Corp. (Iron/Steel)

    1,334      53,160

NVIDIA Corp.* (Semiconductors)

    2,300      27,508

NYSE Euronext (Diversified Financial Services)

    1,104      28,538

O’Reilly Automotive, Inc.* (Retail)

    575      21,436

Occidental Petroleum Corp. (Oil & Gas)

    3,427      260,041

Office Depot, Inc.* (Retail)

    1,150      6,958

Omnicom Group, Inc. (Advertising)

    1,311      44,941

Oracle Corp. (Software)

    16,468      347,475

Owens-Illinois, Inc.* (Packaging & Containers)

    713      22,730

PACCAR, Inc. (Auto Manufacturers)

    1,541      57,649

Pactiv Corp.* (Packaging & Containers)

    552      12,746

Pall Corp. (Miscellaneous Manufacturing)

    506      16,060

Parker Hannifin Corp. (Miscellaneous Manufacturing)

    667      35,324

Patterson Cos., Inc.* (Healthcare - Products)

    391      9,982

Paychex, Inc. (Commercial Services)

    1,357      38,552

Peabody Energy Corp. (Coal)

    1,127      44,618

People’s United Financial, Inc. (Banks)

    1,472      23,596

Pepco Holdings, Inc. (Electric)

    920      13,736

PepsiCo, Inc. (Beverages)

    6,555      396,905

PerkinElmer, Inc. (Electronics)

    483      8,989

Pfizer, Inc. (Pharmaceuticals)

    34,208      582,562

PG&E Corp. (Electric)

    1,564      63,952

Philip Morris International, Inc. (Commercial Services)

    8,142      385,605

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Bull ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Pinnacle West Capital Corp. (Electric)

    437    $ 13,687

Pioneer Natural Resources Co. (Oil & Gas)

    483      19,856

Pitney Bowes, Inc. (Office/Business Equipment)

    874      21,413

Plum Creek Timber Co., Inc. (Forest Products & Paper)

    690      21,590

PNC Financial Services Group (Banks)

    1,955      95,678

Polo Ralph Lauren Corp. (Apparel)

    253      18,828

PPG Industries, Inc. (Chemicals)

    690      38,937

PPL Corp. (Electric)

    1,587      46,721

Praxair, Inc. (Chemicals)

    1,288      102,319

Precision Castparts Corp. (Metal Fabricate/Hardware)

    598      57,037

Principal Financial Group, Inc. (Insurance)

    1,334      33,403

Procter & Gamble Co. (Cosmetics/Personal Care)

    12,305      713,690

Progress Energy, Inc. (Electric)

    1,173      44,023

Progress Energy, Inc.CVO* (Electric)

    189      30

Progressive Corp.* (Insurance)

    2,852      45,632

ProLogis (REIT)

    1,863      21,108

Prudential Financial, Inc. (Insurance)

    1,955      88,425

Public Service Enterprise Group, Inc. (Electric)

    2,139      63,742

Public Storage, Inc. (REIT)

    575      42,320

Pulte Homes, Inc. (Home Builders)

    1,334      12,019

QLogic Corp.* (Semiconductors)

    506      8,875

Qualcomm, Inc. (Telecommunications)

    7,015      290,491

Quanta Services, Inc.* (Commercial Services)

    874      18,529

Quest Diagnostics, Inc. (Healthcare - Services)

    667      37,305

Questar Corp. (Pipelines)

    736      29,322

Qwest Communications International, Inc. (Telecommunications)

    6,256      22,459

R.R. Donnelley & Sons Co. (Commercial Services)

    874      17,550

RadioShack Corp. (Retail)

    529      8,935

Range Resources Corp. (Oil & Gas)

    667      33,383

Raytheon Co. (Aerospace/Defense)

    1,633      73,942

Red Hat, Inc.* (Software)

    782      20,183

Regions Financial Corp. (Banks)

    5,014      24,268

Republic Services, Inc. (Environmental Control)

    1,357      35,160

Reynolds American, Inc. (Agriculture)

    713      34,566

Robert Half International, Inc. (Commercial Services)

    644      14,941

Rockwell Automation, Inc. (Machinery - Diversified)

    598      24,488

Rockwell Collins, Inc. (Aerospace/Defense)

    667      33,603

Rowan Cos., Inc. (Oil & Gas)

    483      11,230

Ryder System, Inc. (Transportation)

    230      9,327

Safeway, Inc. (Food)

    1,748      39,033

Salesforce.com, Inc.* (Software)

    460      26,105

SanDisk Corp.* (Computers)

    966      19,784

Sara Lee Corp. (Food)

    2,921      32,978

SCANA Corp. (Electric)

    460      15,566

Schering-Plough Corp. (Pharmaceuticals)

    6,877      193,931

Schlumberger, Ltd. (Oil & Gas Services)

    5,037      313,301

Scripps Networks Interactive - Class A (Entertainment)

    368      13,896

Sealed Air Corp. (Packaging & Containers)

    667      12,826

Sears Holdings Corp.* (Retail)

    207      14,047

Sempra Energy (Gas)

    1,035      53,251

Sherwin-Williams Co. (Chemicals)

    414      23,615

Sigma-Aldrich Corp. (Chemicals)

    506      26,277

Simon Property Group, Inc. (REIT)

    1,203      81,672

SLM Corp.* (Diversified Financial Services)

    1,978      19,187

Smith International, Inc. (Oil & Gas Services)

    920      25,512

Snap-on, Inc. (Hand/Machine Tools)

    253      9,242

Southern Co. (Electric)

    3,358      104,736

Southwest Airlines Co. (Airlines)

    3,128      26,275

Southwestern Energy Co.* (Oil & Gas)

    1,449      63,147

Spectra Energy Corp. (Pipelines)

    2,714      51,892

Sprint Nextel Corp.* (Telecommunications)

    12,121      35,878

St. Jude Medical, Inc.* (Healthcare - Products)

    1,472      50,166

Staples, Inc. (Retail)

    3,036      65,881

Starbucks Corp.* (Retail)

    3,105      58,933

Starwood Hotels & Resorts Worldwide, Inc. (Lodging)

    782      22,725

State Street Corp. (Banks)

    2,093      87,864

Stericycle, Inc.* (Environmental Control)

    368      19,272

Stryker Corp. (Healthcare - Products)

    1,196      55,016

Sun Microsystems, Inc.* (Computers)

    3,174      25,963

Sunoco, Inc. (Oil & Gas)

    483      14,876

SunTrust Banks, Inc. (Banks)

    2,093      39,997

SuperValu, Inc. (Food)

    897      14,235

Symantec Corp.* (Internet)

    3,427      60,247

Sysco Corp. (Food)

    2,484      65,702

T. Rowe Price Group, Inc. (Diversified Financial Services)

    1,081      52,677

Target Corp. (Retail)

    3,174      153,717

TECO Energy, Inc. (Electric)

    897      12,863

Tellabs, Inc.* (Telecommunications)

    1,679      10,108

Tenet Healthcare Corp.* (Healthcare - Services)

    1,817      9,303

Teradata Corp.* (Computers)

    713      19,878

Teradyne, Inc.* (Semiconductors)

    736      6,160

Tesoro Petroleum Corp. (Oil & Gas)

    598      8,456

Texas Instruments, Inc. (Semiconductors)

    5,313      124,590

Textron, Inc. (Miscellaneous Manufacturing)

    1,150      20,447

The AES Corp.* (Electric)

    2,806      36,674

The Charles Schwab Corp. (Diversified Financial Services)

    4,002      69,395

The Dow Chemical Co. (Chemicals)

    4,830      113,408

The Estee Lauder Cos., Inc. - Class A (Cosmetics/Personal Care)

    506      21,505

The Gap, Inc. (Retail)

    2,024      43,192

The Goldman Sachs Group, Inc. (Diversified Financial Services)

    2,162      367,908

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Bull ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value  

Common Stocks, continued

      

The Goodyear Tire & Rubber Co.* (Auto Parts & Equipment)

      1,012    $ 13,035   

The Hershey Co. (Food)

      690      26,075   

The New York Times Co. - Class A (Media)

      483      3,850   

The Pepsi Bottling Group, Inc. (Beverages)

      598      22,389   

The Stanley Works (Hand/Machine Tools)

      345      15,604   

The Travelers Cos., Inc. (Insurance)

      2,392      119,098   

The Williams Cos., Inc. (Pipelines)

      2,461      46,390   

Thermo Fisher Scientific, Inc.* (Electronics)

      1,725      77,625   

Tiffany & Co. (Retail)

      529      20,784   

Time Warner Cable, Inc. (Media)

      1,495      58,963   

Time Warner, Inc. (Media)

      4,991      150,329   

Titanium Metals Corp. (Mining)

      368      3,165   

TJX Cos., Inc. (Retail)

      1,794      67,006   

Torchmark Corp. (Insurance)

      345      14,007   

Total System Services, Inc. (Software)

      828      13,223   

Tyson Foods, Inc. - Class A (Food)

      1,288      16,126   

U.S. Bancorp (Banks)

      8,050      186,921   

Union Pacific Corp. (Transportation)

      2,116      116,676   

United Parcel Service, Inc. - Class B (Transportation)

      4,186      224,704   

United States Steel Corp. (Iron/Steel)

      598      20,625   

United Technologies Corp. (Aerospace/Defense)

      3,956      243,096   

UnitedHealth Group, Inc. (Healthcare - Services)

      4,899      127,129   

UnumProvident Corp. (Insurance)

      1,403      27,990   

V.F. Corp. (Apparel)

      368      26,143   

Valero Energy Corp. (Oil & Gas)

      2,369      42,879   

Varian Medical Systems, Inc.* (Healthcare - Products)

      529      21,678   

Ventas, Inc. (REIT)

      667      26,767   

VeriSign, Inc.* (Internet)

      805      18,362   

Verizon Communications, Inc. (Telecommunications)

      11,960      353,896   

Viacom, Inc. - Class B* (Media)

      2,553      70,437   

Vornado Realty Trust (REIT)

      667      39,727   

Vulcan Materials Co. (Building Materials)

      529      24,350   

W.W. Grainger, Inc. (Distribution/Wholesale)

      253      23,714   

Wal-Mart Stores, Inc. (Retail)

      9,108      452,485   

Walgreen Co. (Retail)

      4,186      158,356   

Walt Disney Co. (Media)

      7,843      214,663   

Washington Post Co. - Class B (Media)

      23      9,936   

Waste Management, Inc. (Environmental Control)

      2,070      61,852   

Waters Corp.* (Electronics)

      414      23,776   

Watson Pharmaceuticals, Inc.* (Pharmaceuticals)

      437      15,042   

WellPoint, Inc.* (Healthcare - Services)

      2,001      93,567   

Wells Fargo & Co. (Banks)

      19,688      541,814   

Western Digital Corp.* (Computers)

      943      31,760   

Western Union Co. (Commercial Services)

      2,967      53,910   

Weyerhaeuser Co. (Forest Products & Paper)

      897      32,597   

Whirlpool Corp. (Home Furnishings)

      322      23,052   

Whole Foods Market, Inc.* (Food)

      598      19,172   

Windstream Corp. (Telecommunications)

      1,840      17,738   

Wisconsin Energy Corp. (Electric)

      483      21,093   

Wyndham Worldwide Corp. (Lodging)

      759      12,941   

Wynn Resorts, Ltd.* (Lodging)

      299      16,212   

Xcel Energy, Inc. (Electric)

      1,909      35,966   

Xerox Corp. (Office/Business Equipment)

      3,657      27,501   

Xilinx, Inc. (Semiconductors)

      1,173      25,513   

XL Capital, Ltd. - Class A (Insurance)

      1,449      23,778   

XTO Energy, Inc. (Oil & Gas)

      2,438      101,323   

Yahoo!, Inc.* (Internet)

      5,037      80,088   

YUM! Brands, Inc. (Retail)

      1,955      64,417   

Zimmer Holdings, Inc.* (Healthcare - Products)

      897      47,155   

Zions Bancorp (Banks)

      529      7,491   
           

TOTAL COMMON STOCKS
(Cost $28,020,887)

         38,450,918   
           
     Principal
Amount		       

Repurchase Agreements (23.0%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $3,118,005 (Collateralized by $3,016,900 U.S. Treasury Notes, 3.75%, 11/15/18, market value $3,180,708)

    $ 3,118,000      3,118,000   

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $2,037,002 (Collateralized by $2,080,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $2,078,801)

     2,037,000      2,037,000   

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $3,837,006 (Collateralized by $3,607,000 of various U.S. Government Agency Obligations, 4.75%–6.00%, 5/15/11-3/5/12, market value $3,922,536)

      3,837,000      3,837,000   

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,208,002 (Collateralized by $1,229,000 of various U.S. Treasury Securities, 1.13%–1.38%, 6/30/11-8/24/11, market value $1,236,021)

      1,208,000      1,208,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $10,200,000)

         10,200,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $38,220,887)—109.5%

         48,650,918   

Net other assets (liabilities) — (9.5)%

         (4,207,494 ) 
           

NET ASSETS — 100.0%

       $ 44,443,424   
           

 

*

Non-income producing security

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Bull ProFund    October 31, 2009
(unaudited)   

 

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $740,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

CVO

Contingent Value Obligation

 

     Contracts    Unrealized
Appreciation
(Depreciation)

Futures Contracts Purchased

      

E-Mini S&P 500 Futures Contract expiring 12/18/09 (Underlying notional amount at value $979,925)

    19    $ 3,140

 

     Notional
Amount at
Value		    Unrealized
Gain (Loss)		  

Swap Agreements

      

Equity Index Swap Agreement with Goldman Sachs International, based on the S&P 500 Index

    $ 3,327,679    $ (86,753 ) 

Equity Index Swap Agreement with UBS AG, based on the S&P 500 Index

    $ 1,908,774    $ (165,891 ) 

Bull ProFund invested in the following industries as of October 31, 2009:

 

     Value    % of
Net Assets		  

Advertising

    $ 57,264    0.1 % 

Aerospace/Defense

      823,138    1.9 % 

Agriculture

      482,734    1.1 % 

Airlines

      26,275    0.1 % 

Apparel

      190,493    0.4 % 

Auto Manufacturers

      152,639    0.3 % 

Auto Parts & Equipment

      79,604    0.2 % 

Banks

      1,915,506    4.3 % 

Beverages

      1,063,521    2.4 % 

Biotechnology

      488,161    1.0 % 

Building Materials

      42,187    0.1 % 

Chemicals

      612,714    1.4 % 

Coal

      87,816    0.2 % 

Commercial Services

      723,574    1.6 % 

Computers

      2,342,069    5.3 % 

Cosmetics/Personal Care

      957,266    2.2 % 

Distribution/Wholesale

      66,096    0.1 % 

Diversified Financial Services

      2,249,180    5.1 % 

Electric

      1,303,511    2.9 % 

Electrical Components & Equipment

      130,553    0.3 % 

Electronics

      203,217    0.5 % 

Energy - Alternate Sources

      25,240    0.1 % 

Engineering & Construction

      56,086    0.1 % 

Entertainment

      36,053    0.1 % 

Environmental Control

      116,284    0.3 % 

Food

      783,320    1.8 % 

Forest Products & Paper

      111,002    0.2 % 

Gas

      60,074    0.1 % 

Hand/Machine Tools

      36,793    NM   

Healthcare - Products

      1,402,232    3.2 % 

Healthcare - Services

      409,171    0.9 % 

Holding Companies - Diversified

      18,088    NM   

Home Builders

      37,555    NM   

Home Furnishings

      34,297    0.1 % 

Household Products/Wares

      184,631    0.4 % 

Housewares

      17,020    NM   

Insurance

      993,291    2.2 % 

Internet

      1,045,597    2.4 % 

Iron/Steel

      93,861    0.2 % 

Leisure Time

      78,227    0.2 % 

Lodging

      78,391    0.2 % 

Machinery - Construction & Mining

      144,367    0.3 % 

Machinery - Diversified

      164,389    0.4 % 

Media

      928,395    2.1 % 

Metal Fabricate/Hardware

      57,037    0.1 % 

Mining

      270,806    0.6 % 

Miscellaneous Manufacturing

      1,316,434    3.0 % 

Office/Business Equipment

      48,914    0.1 % 

Oil & Gas

      3,897,204    8.8 % 

Oil & Gas Services

      661,886    1.5 % 

Packaging & Containers

      79,472    0.2 % 

Pharmaceuticals

      2,346,435    5.3 % 

Pipelines

      156,485    0.4 % 

REIT

      414,516    0.9 % 

Real Estate

      10,474    NM   

Retail

      2,398,206    5.4 % 

Savings & Loans

      25,991    0.1 % 

Semiconductors

      964,710    2.2 % 

Software

      1,843,265    4.1 % 

Telecommunications

      2,309,712    5.2 % 

Textiles

      15,285    NM   

Toys/Games/Hobbies

      43,162    0.1 % 

Transportation

      739,042    1.7 % 

Other**

      5,992,506    13.5 % 
             

Total

    $ 44,443,424    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 Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Bull ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2     Total  

Description

        

Investment Securities:

        

Common Stocks

    $ 38,450,918    $ —        $ 38,450,918   

Repurchase Agreements

      —        10,200,000        10,200,000   
                       

Total Investment Securities

      38,450,918      10,200,000        48,650,918   
                       

Other Financial Instruments^

      3,140      (252,644 )      (249,504 ) 
                       

Total Investments

    $ 38,454,058    $ 9,947,356      $ 48,401,414   
                       

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Mid-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks (41.6%)

      

3Com Corp.* (Telecommunications)

    2,550    $ 13,107

99 Cents Only Stores* (Retail)

    255      2,899

Aaron’s, Inc. (Commercial Services)

    306      7,665

ACI Worldwide, Inc.* (Software)

    204      3,282

Acxiom Corp.* (Software)

    510      5,855

ADC Telecommunications, Inc.* (Telecommunications)

    612      3,972

ADTRAN, Inc. (Telecommunications)

    357      8,225

Advance Auto Parts, Inc. (Retail)

    612      22,803

Advent Software, Inc.* (Software)

    51      1,949

Aecom Technology Corp.* (Engineering & Construction)

    714      18,021

Aeropostale, Inc.* (Retail)

    408      15,312

Affiliated Managers Group, Inc.* (Diversified Financial Services)

    255      16,190

Affymetrix, Inc.* (Biotechnology)

    459      2,401

AGCO Corp.* (Machinery - Diversified)

    561      15,770

AGL Resources, Inc. (Gas)

    459      16,047

AirTran Holdings, Inc.* (Airlines)

    663      2,804

Alaska Air Group, Inc.* (Airlines)

    204      5,247

Albemarle Corp. (Chemicals)

    561      17,716

Alberto-Culver Co. (Cosmetics/Personal Care)

    510      13,678

Alexander & Baldwin, Inc. (Transportation)

    255      7,352

Alexandria Real Estate Equities, Inc. (REIT)

    255      13,813

Alliance Data Systems Corp.* (Commercial Services)

    306      16,824

Alliant Energy Corp. (Electric)

    714      18,964

Alliant Techsystems, Inc.* (Aerospace/Defense)

    204      15,867

AMB Property Corp. (REIT)

    918      20,178

American Eagle Outfitters, Inc. (Retail)

    1,326      23,192

American Financial Group, Inc. (Insurance)

    511      12,558

American Greetings Corp. - Class A (Household Products/Wares)

    255      5,187

AmeriCredit Corp.* (Diversified Financial Services)

    612      10,802

Ametek, Inc. (Electrical Components & Equipment)

    663      23,132

AnnTaylor Stores Corp.* (Retail)

    357      4,630

ANSYS, Inc.* (Software)

    561      22,765

Apollo Investment Corp. (Investment Companies)

    1,020      9,180

AptarGroup, Inc. (Miscellaneous Manufacturing)

    408      14,406

Aqua America, Inc. (Water)

    867      13,395

Arch Coal, Inc. (Coal)

    1,020      22,093

Arrow Electronics, Inc.* (Electronics)

    765      19,385

Arthur J. Gallagher & Co. (Insurance)

    612      13,654

Ashland, Inc. (Chemicals)

    459      15,854

Associated Banc-Corp (Banks)

    816      10,453

Astoria Financial Corp. (Savings & Loans)

    510      5,090

Atmel Corp.* (Semiconductors)

    2,907      10,814

Atmos Energy Corp. (Gas)

    561      15,624

Avnet, Inc.* (Electronics)

    969      24,012

Avocent Corp.* (Internet)

    255      6,342

BancorpSouth, Inc. (Banks)

    459      10,364

Bank of Hawaii Corp. (Banks)

    306      13,586

Barnes & Noble, Inc. (Retail)

    255      4,236

BE Aerospace, Inc.* (Aerospace/Defense)

    612      10,851

Beckman Coulter, Inc. (Healthcare - Products)

    408      26,247

Bill Barrett Corp.* (Oil & Gas)

    204      6,320

Bio-Rad Laboratories, Inc. - Class A* (Biotechnology)

    102      9,118

BJ’s Wholesale Club, Inc.* (Retail)

    357      12,506

Black Hills Corp. (Electric)

    204      4,971

Blyth, Inc. (Household Products/Wares)

    51      1,807

Bob Evans Farms, Inc. (Retail)

    153      4,019

BorgWarner, Inc. (Auto Parts & Equipment)

    714      21,648

Boyd Gaming Corp.* (Lodging)

    357      2,628

BRE Properties, Inc. - Class A (REIT)

    306      8,332

Brink’s Home Security Holdings, Inc.* (Commercial Services)

    255      7,900

Brinker International, Inc. (Retail)

    663      8,380

Broadridge Financial Solutions, Inc. (Software)

    867      18,042

Brown & Brown, Inc. (Insurance)

    765      14,053

Bucyrus International, Inc. - Class A (Machinery - Construction & Mining)

    459      20,389

Cabot Corp. (Chemicals)

    408      8,947

Cadence Design Systems, Inc.* (Computers)

    1,734      10,595

Callaway Golf Co. (Leisure Time)

    408      2,791

Camden Property Trust (REIT)

    408      14,790

Career Education Corp.* (Commercial Services)

    408      8,503

Carlisle Cos., Inc. (Miscellaneous Manufacturing)

    357      11,081

Carmax, Inc.* (Retail)

    1,428      28,089

Carpenter Technology Corp. (Iron/Steel)

    255      5,363

Cathay Bancorp, Inc. (Banks)

    306      2,702

Cerner Corp.* (Software)

    408      31,024

Charles River Laboratories International, Inc.* (Biotechnology)

    408      14,900

Cheesecake Factory, Inc.* (Retail)

    357      6,490

Chico’s FAS, Inc.* (Retail)

    1,122      13,408

Chipotle Mexican Grill, Inc. - Class A* (Retail)

    204      16,624

Church & Dwight, Inc. (Household Products/Wares)

    459      26,108

Cimarex Energy Co. (Oil & Gas)

    510      19,972

Cincinnati Bell, Inc.* (Telecommunications)

    1,377      4,241

City National Corp. (Banks)

    255      9,606

Clean Harbors, Inc.* (Environmental Control)

    102      5,758

Cleco Corp. (Electric)

    357      8,836

Cliffs Natural Resources, Inc. (Iron/Steel)

    816      29,025

Coldwater Creek, Inc.* (Retail)

    357      2,053

Collective Brands, Inc.* (Retail)

    408      7,568

Commerce Bancshares, Inc. (Banks)

    408      15,651

Commercial Metals Co. (Metal Fabricate/Hardware)

    714      10,596

See accompanying notes to the Schedules of Portfolio Investments.

 

PROFUNDS    Schedule of Portfolio Investments
Mid-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Commscope, Inc.* (Telecommunications)

    561    $ 15,158

Community Health Systems, Inc.* (Healthcare - Services)

    561      17,548

Comstock Resources, Inc.* (Oil & Gas)

    255      10,478

Con-way, Inc. (Transportation)

    306      10,095

Copart, Inc.* (Retail)

    408      13,125

Corinthian Colleges, Inc.* (Commercial Services)

    561      8,897

Corn Products International, Inc. (Food)

    459      12,935

Corporate Office Properties Trust (REIT)

    357      11,849

Corrections Corp. of America* (Commercial Services)

    714      17,093

Cousins Properties, Inc. (REIT)

    565      4,136

Covance, Inc.* (Healthcare - Services)

    408      21,085

Crane Co. (Miscellaneous Manufacturing)

    255      7,102

Cree Research, Inc.* (Semiconductors)

    612      25,765

Cullen/Frost Bankers, Inc. (Banks)

    357      16,704

Cytec Industries, Inc. (Chemicals)

    306      10,150

Deluxe Corp. (Commercial Services)

    306      4,354

Dick’s Sporting Goods, Inc.* (Retail)

    561      12,729

Diebold, Inc. (Computers)

    408      12,338

Digital River, Inc.* (Internet)

    204      4,657

Dollar Tree, Inc.* (Retail)

    561      25,318

Donaldson Co., Inc. (Miscellaneous Manufacturing)

    459      16,373

DPL, Inc. (Electric)

    714      18,093

DreamWorks Animation SKG, Inc. - Class A* (Entertainment)

    459      14,688

DST Systems, Inc.* (Computers)

    255      10,636

Duke-Weeks Realty Corp. (REIT)

    1,428      16,051

Dycom Industries, Inc.* (Engineering & Construction)

    204      2,016

Eaton Vance Corp. (Diversified Financial Services)

    765      21,718

Edwards Lifesciences Corp.* (Healthcare - Products)

    357      27,468

Encore Acquisition Co.* (Oil & Gas)

    357      13,234

Endo Pharmaceuticals Holdings, Inc.* (Pharmaceuticals)

    765      17,136

Energen Corp. (Gas)

    459      20,141

Energizer Holdings, Inc.* (Electrical Components & Equipment)

    408      24,835

Equinix, Inc.* (Internet)

    204      17,405

Equity One, Inc. (REIT)

    204      3,044

Essex Property Trust, Inc. (REIT)

    153      11,503

Everest Re Group, Ltd. (Insurance)

    357      31,234

Exterran Holdings, Inc.* (Oil & Gas Services)

    408      8,335

F5 Networks, Inc.* (Internet)

    510      22,894

FactSet Research Systems, Inc. (Computers)

    255      16,333

Fair Isaac Corp. (Software)

    306      6,221

Fairchild Semiconductor International, Inc.* (Semiconductors)

    765      5,722

Federal Realty Investment Trust (REIT)

    357      21,074

Federal Signal Corp. (Miscellaneous Manufacturing)

    306      1,879

Fidelity National Title Group, Inc. - Class A (Insurance)

    1,479      20,070

First American Financial Corp. (Insurance)

    561      17,049

First Niagara Financial Group, Inc. (Savings & Loans)

    1,122      14,406

FirstMerit Corp. (Banks)

    510      9,665

Flowers Foods, Inc. (Food)

    459      10,722

Foot Locker, Inc. (Retail)

    1,020      10,690

Forest Oil Corp.* (Oil & Gas)

    714      13,994

Fossil, Inc.* (Household Products/Wares)

    306      8,179

Frontier Oil Corp. (Oil & Gas)

    663      9,189

FTI Consulting, Inc.* (Commercial Services)

    306      12,488

Fulton Financial Corp. (Banks)

    1,122      9,268

Gartner Group, Inc.* (Commercial Services)

    357      6,647

GATX Corp. (Trucking & Leasing)

    255      6,931

Gen-Probe, Inc.* (Healthcare - Products)

    306      12,766

Gentex Corp. (Electronics)

    867      13,881

Global Payments, Inc. (Software)

    510      25,107

Graco, Inc. (Machinery - Diversified)

    357      9,832

Granite Construction, Inc. (Engineering & Construction)

    204      5,826

Great Plains Energy, Inc. (Electric)

    867      14,999

Greif, Inc. - Class A (Packaging & Containers)

    204      10,918

GUESS?, Inc. (Apparel)

    357      13,048

Hanesbrands, Inc.* (Apparel)

    612      13,231

Hanover Insurance Group, Inc. (Insurance)

    306      12,870

Hansen Natural Corp.* (Beverages)

    459      16,593

Harsco Corp. (Miscellaneous Manufacturing)

    510      16,060

Harte-Hanks, Inc. (Advertising)

    204      2,395

Hawaiian Electric Industries, Inc. (Electric)

    561      10,014

HCC Insurance Holdings, Inc. (Insurance)

    714      18,842

Health Management Associates, Inc. - Class A* (Healthcare - Services)

    1,581      9,644

Health Net, Inc.* (Healthcare - Services)

    663      9,885

Helix Energy Solutions Group, Inc.* (Oil & Gas Services)

    561      7,703

Helmerich & Payne, Inc. (Oil & Gas)

    663      25,207

Henry Schein, Inc.* (Healthcare - Products)

    561      29,638

Herman Miller, Inc. (Office Furnishings)

    357      5,516

Hewitt Associates, Inc.* (Commercial Services)

    510      18,115

Highwoods Properties, Inc. (REIT)

    459      12,632

Hill-Rom Holdings, Inc. (Healthcare - Products)

    408      7,993

HNI Corp. (Office Furnishings)

    255      6,712

Hologic, Inc.* (Healthcare - Products)

    1,632      24,121

Horace Mann Educators Corp. (Insurance)

    255      3,170

Hospitality Properties Trust (REIT)

    765      14,772

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Mid-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Hubbell, Inc. - Class B (Electrical Components & Equipment)

    357    $ 15,183

IDACORP, Inc. (Electric)

    306      8,596

IDEX Corp. (Machinery - Diversified)

    510      14,499

IDEXX Laboratories, Inc.* (Healthcare - Products)

    357      18,250

Imation Corp. (Computers)

    153      1,349

Immucor, Inc.* (Healthcare - Products)

    459      8,207

Informatica Corp.* (Software)

    561      11,910

Ingram Micro, Inc. - Class A* (Distribution/Wholesale)

    1,020      18,003

Integrated Device Technology, Inc.* (Semiconductors)

    1,071      6,297

International Bancshares Corp. (Banks)

    306      4,544

International Rectifier Corp.* (Semiconductors)

    459      8,391

International Speedway Corp. (Entertainment)

    153      3,903

Intersil Corp. - Class A (Semiconductors)

    765      9,601

Itron, Inc.* (Electronics)

    255      15,310

ITT Educational Services, Inc.* (Commercial Services)

    204      18,431

J. Crew Group, Inc.* (Retail)

    357      14,558

J.B. Hunt Transport Services, Inc. (Transportation)

    561      16,864

Jack Henry & Associates, Inc. (Computers)

    510      11,766

Jefferies Group, Inc.* (Diversified Financial Services)

    765      19,966

JetBlue Airways Corp.* (Airlines)

    1,377      6,830

John Wiley & Sons, Inc. (Media)

    255      8,981

Jones Lang LaSalle, Inc. (Real Estate)

    255      11,947

Joy Global, Inc. (Machinery - Construction & Mining)

    663      33,422

Kansas City Southern Industries, Inc.* (Transportation)

    612      14,829

KBR, Inc. (Engineering & Construction)

    1,020      20,879

Kelly Services, Inc. - Class A (Commercial Services)

    153      1,695

Kennametal, Inc. (Hand/Machine Tools)

    510      12,016

Kindred Healthcare, Inc.* (Healthcare - Services)

    255      3,749

Kinetic Concepts, Inc.* (Healthcare - Products)

    357      11,849

Kirby Corp.* (Transportation)

    306      10,343

Korn/Ferry International* (Commercial Services)

    255      4,070

Lam Research Corp.* (Semiconductors)

    816      27,516

Lamar Advertising Co.* (Advertising)

    306      7,436

Lancaster Colony Corp. (Miscellaneous Manufacturing)

    102      4,955

Landstar System, Inc. (Transportation)

    306      10,783

Lender Processing Services, Inc. (Diversified Financial Services)

    612      24,358

Lennox International, Inc. (Building Materials)

    306      10,303

Liberty Property Trust (REIT)

    714      20,970

Life Time Fitness, Inc.* (Leisure Time)

    255      5,495

LifePoint Hospitals, Inc.* (Healthcare - Services)

    357      10,114

Lincare Holdings, Inc.* (Healthcare - Services)

    408      12,815

Lincoln Electric Holdings, Inc. (Hand/Machine Tools)

    255      12,097

LKQ Corp.* (Distribution/Wholesale)

    918      15,854

Louisiana-Pacific Corp.* (Forest Products & Paper)

    663      3,481

Lubrizol Corp. (Chemicals)

    408      27,156

M.D.C. Holdings, Inc. (Home Builders)

    204      6,654

Mack-Cali Realty Corp. (REIT)

    510      15,784

Manpower, Inc. (Commercial Services)

    510      24,179

ManTech International Corp. - Class A* (Software)

    102      4,474

Mariner Energy, Inc.* (Oil & Gas)

    663      8,447

Martin Marietta Materials (Building Materials)

    255      21,247

Marvel Entertainment, Inc.* (Toys/Games/Hobbies)

    306      15,291

Masimo Corp.* (Healthcare - Products)

    306      8,130

Matthews International Corp. - Class A (Miscellaneous Manufacturing)

    153      5,620

MDU Resources Group, Inc. (Electric)

    1,173      24,340

Medicis Pharmaceutical Corp. - Class A (Pharmaceuticals)

    357      7,558

Mentor Graphics Corp.* (Computers)

    612      4,468

Mercury General Corp. (Insurance)

    204      7,438

Mettler Toledo International, Inc.* (Electrical Components & Equipment)

    204      19,890

Micros Systems, Inc.* (Computers)

    510      13,729

Mine Safety Appliances Co. (Environmental Control)

    153      3,900

Minerals Technologies, Inc. (Chemicals)

    102      5,025

Mohawk Industries, Inc.* (Textiles)

    357      15,290

MPS Group, Inc.* (Commercial Services)

    561      7,585

MSC Industrial Direct Co. - Class A (Retail)

    255      10,978

National Fuel Gas Co. (Pipelines)

    510      23,123

National Instruments Corp. (Computers)

    357      9,532

Nationwide Health Properties, Inc. (REIT)

    663      21,382

Navigant Consulting Co.* (Commercial Services)

    306      4,357

NBTY, Inc.* (Pharmaceuticals)

    357      12,998

NCR Corp.* (Computers)

    1,020      10,353

Netflix, Inc.* (Internet)

    255      13,630

NeuStar, Inc.* (Telecommunications)

    459      10,603

New York Community Bancorp (Savings & Loans)

    2,244      24,235

NewAlliance Bancshares, Inc. (Savings & Loans)

    663      7,346

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Mid-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Newfield Exploration Co.* (Oil & Gas)

    867    $ 35,564

Nordson Corp. (Machinery - Diversified)

    204      10,765

NSTAR (Electric)

    663      20,520

NV Energy, Inc. (Electric)

    1,530      17,534

NVR, Inc.* (Home Builders)

    51      33,776

Oceaneering International, Inc.* (Oil & Gas Services)

    357      18,243

OGE Energy Corp. (Electric)

    612      20,331

Old Republic International Corp. (Insurance)

    1,530      16,340

Olin Corp. (Chemicals)

    510      7,788

OMEGA Healthcare Investors, Inc. (REIT)

    510      7,732

Omnicare, Inc. (Pharmaceuticals)

    765      16,578

ONEOK, Inc. (Gas)

    663      24,007

Oshkosh Truck Corp. (Auto Manufacturers)

    561      17,537

OSI Pharmaceuticals, Inc.* (Pharmaceuticals)

    357      11,503

Overseas Shipholding Group, Inc. (Transportation)

    102      4,004

Owens & Minor, Inc. (Distribution/Wholesale)

    255      10,427

Packaging Corp. of America (Packaging & Containers)

    663      12,120

PacWest Bancorp (Banks)

    153      2,598

Palm, Inc.* (Computers)

    1,071      12,434

Panera Bread Co. - Class A* (Retail)

    153      9,177

Parametric Technology Corp.* (Software)

    714      10,646

Patriot Coal Corp.* (Coal)

    459      5,187

Patterson-UTI Energy, Inc. (Oil & Gas)

    969      15,097

Pentair, Inc. (Miscellaneous Manufacturing)

    612      17,809

PepsiAmericas, Inc. (Beverages)

    357      10,439

Perrigo Co. (Pharmaceuticals)

    510      18,967

PetSmart, Inc. (Retail)

    816      19,200

Pharmaceutical Product Development, Inc. (Commercial Services)

    765      16,486

Phillips-Van Heusen Corp. (Apparel)

    306      12,286

Plains Exploration & Production Co.* (Oil & Gas)

    867      22,975

Plantronics, Inc. (Telecommunications)

    306      7,378

PNM Resources, Inc. (Electric)

    561      6,014

Polycom, Inc.* (Telecommunications)

    510      10,950

Potlatch Corp. (Forest Products & Paper)

    255      7,117

Priceline.com, Inc.* (Internet)

    255      40,236

Pride International, Inc.* (Oil & Gas)

    1,122      33,166

Protective Life Corp. (Insurance)

    510      9,818

Psychiatric Solutions, Inc.* (Healthcare - Services)

    357      7,368

Quest Software, Inc.* (Software)

    357      5,987

Quicksilver Resources, Inc.* (Oil & Gas)

    765      9,333

Ralcorp Holdings, Inc.* (Food)

    357      19,171

Raymond James Financial Corp. (Diversified Financial Services)

    612      14,449

Rayonier, Inc. (Forest Products & Paper)

    510      19,676

Realty Income Corp. (REIT)

    663      15,368

Regency Centers Corp. (REIT)

    510      17,110

Regis Corp. (Retail)

    357      5,798

Reinsurance Group of America, Inc. (Insurance)

    459      21,160

Reliance Steel & Aluminum Co. (Iron/Steel)

    408      14,884

Rent-A-Center, Inc.* (Commercial Services)

    408      7,491

ResMed, Inc.* (Healthcare - Products)

    459      22,587

RF Micro Devices, Inc.* (Telecommunications)

    1,734      6,901

Rollins, Inc. (Commercial Services)

    255      4,610

Roper Industries, Inc. (Miscellaneous Manufacturing)

    561      28,359

Ross Stores, Inc. (Retail)

    816      35,912

Rovi Corp.* (Semiconductors)

    663      18,266

RPM, Inc. (Chemicals)

    816      14,378

Ruddick Corp. (Food)

    255      6,814

SAIC, Inc.* (Commercial Services)

    1,326      23,483

Saks, Inc.* (Retail)

    918      5,150

Scholastic Corp. (Media)

    153      3,805

Scientific Games Corp. - Class A* (Entertainment)

    408      5,741

SEI Investments Co. (Software)

    816      14,256

Semtech Corp.* (Semiconductors)

    357      5,523

Sensient Technologies Corp. (Chemicals)

    306      7,739

Service Corp. International (Commercial Services)

    1,632      11,212

Shaw Group, Inc.* (Engineering & Construction)

    510      13,087

Silicon Laboratories, Inc.* (Semiconductors)

    255      10,685

SL Green Realty Corp. (REIT)

    459      17,791

Smithfield Foods, Inc.* (Food)

    918      12,246

Solera Holdings, Inc. (Software)

    408      13,146

Sonoco Products Co. (Packaging & Containers)

    612      16,371

Sotheby’s (Commercial Services)

    408      6,471

Southern Union Co. (Gas)

    765      14,971

SPX Corp. (Miscellaneous Manufacturing)

    306      16,151

SRA International, Inc. - Class A* (Computers)

    255      4,784

StanCorp Financial Group, Inc. (Insurance)

    306      11,233

Steel Dynamics, Inc. (Iron/Steel)

    1,377      18,438

STERIS Corp. (Healthcare - Products)

    357      10,446

Strayer Education, Inc. (Commercial Services)

    51      10,351

Superior Energy Services, Inc.* (Oil & Gas Services)

    510      11,021

SVB Financial Group* (Banks)

    204      8,415

Sybase, Inc.* (Software)

    510      20,176

Syniverse Holdings, Inc.* (Telecommunications)

    408      6,989

Synopsys, Inc.* (Computers)

    918      20,196

Synovus Financial Corp. (Banks)

    3,111      6,906

TCF Financial Corp. (Banks)

    714      8,447

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Mid-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Tech Data Corp.* (Distribution/Wholesale)

      306    $ 11,760

Techne Corp. (Healthcare - Products)

      204      12,752

Teleflex, Inc. (Miscellaneous Manufacturing)

      255      12,686

Telephone & Data Systems, Inc. (Telecommunications)

      612      18,127

Temple-Inland, Inc. (Forest Products & Paper)

      663      10,243

Terex Corp.* (Machinery - Construction & Mining)

      663      13,406

Terra Industries, Inc. (Chemicals)

      612      19,443

The Brink’s Co. (Miscellaneous Manufacturing)

      255      6,051

The Corporate Executive Board Co. (Commercial Services)

      204      4,898

The Macerich Co. (REIT)

      517      15,407

The Ryland Group, Inc. (Home Builders)

      255      4,730

The Scotts Miracle-Gro Co. - Class A (Household Products/Wares)

      255      10,358

The Timberland Co. - Class A* (Apparel)

      255      4,126

The Warnaco Group, Inc.* (Apparel)

      255      10,335

Thomas & Betts Corp.* (Electronics)

      306      10,468

Thor Industries, Inc. (Home Builders)

      204      5,349

Thoratec Corp.* (Healthcare - Products)

      357      9,375

Tidewater, Inc. (Oil & Gas Services)

      306      12,751

Timken Co. (Metal Fabricate/Hardware)

      510      11,235

Toll Brothers, Inc.* (Home Builders)

      867      15,016

Tootsie Roll Industries, Inc. (Food)

      153      3,796

Trimble Navigation, Ltd.* (Electronics)

      765      16,042

Trinity Industries, Inc. (Miscellaneous Manufacturing)

      510      8,609

Trustmark Corp. (Banks)

      306      5,799

Tupperware Corp. (Household Products/Wares)

      408      18,368

UDR, Inc. (REIT)

      969      13,934

UGI Corp. (Gas)

      663      15,832

Under Armour, Inc. - Class A* (Retail)

      204      5,477

Unit Corp.* (Oil & Gas)

      255      9,965

United Rentals, Inc.* (Commercial Services)

      357      3,388

United Therapeutics Corp.* (Pharmaceuticals)

      204      8,678

Unitrin, Inc. (Insurance)

      306      5,998

Universal Corp. (Agriculture)

      153      6,363

Universal Health Services, Inc. - Class B (Healthcare - Services)

      306      17,029

Urban Outfitters, Inc.* (Retail)

      816      25,606

URS Corp.* (Engineering & Construction)

      510      19,819

Valeant Pharmaceuticals International* (Pharmaceuticals)

      408      11,995

Valley National Bancorp (Banks)

      918      12,191

Valmont Industries, Inc. (Metal Fabricate/Hardware)

      102      7,372

Valspar Corp. (Chemicals)

      612      15,526

ValueClick, Inc.* (Internet)

      561      5,520

Varian, Inc.* (Electronics)

      153      7,834

VCA Antech, Inc.* (Pharmaceuticals)

      510      12,148

Vectren Corp. (Gas)

      510      11,495

Vertex Pharmaceuticals, Inc.* (Biotechnology)

      1,173      39,366

Vishay Intertechnology, Inc.* (Electronics)

      1,173      7,308

W.R. Berkley Corp. (Insurance)

      867      21,432

Wabtec Corp. (Machinery - Diversified)

      306      11,249

Waddell & Reed Financial, Inc. - Class A (Diversified Financial Services)

      561      15,742

Washington Federal, Inc. (Savings & Loans)

      663      11,370

Waste Connections, Inc.* (Environmental Control)

      510      16,029

Watson Wyatt Worldwide, Inc. - Class A (Commercial Services)

      255      11,113

Webster Financial Corp. (Banks)

      408      4,614

Weingarten Realty Investors (REIT)

      663      12,265

WellCare Health Plans, Inc.* (Healthcare - Services)

      255      6,663

Wendy’s/Arby’s Group, Inc. - Class A (Retail - Restaurants)

      2,397      9,468

Werner Enterprises, Inc. (Transportation)

      255      4,781

Westamerica Bancorp (Banks)

      153      7,313

Westar Energy, Inc. (Electric)

      663      12,696

WGL Holdings, Inc. (Gas)

      306      10,116

Williams Sonoma, Inc. (Retail)

      663      12,451

Wilmington Trust Corp. (Banks)

      408      4,916

WMS Industries, Inc.* (Leisure Time)

      255      10,195

Woodward Governor Co. (Electronics)

      357      8,393

Worthington Industries, Inc. (Metal Fabricate/Hardware)

      357      3,945

Zebra Technologies Corp. - Class A* (Machinery - Diversified)

      357      8,925
         

TOTAL COMMON STOCKS
(Cost $4,092,050)

         5,087,372
         
     Principal
Amount		     

Repurchase Agreements (60.2%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $2,254,004 (Collateralized by $2,180,900 U.S. Treasury Notes, 3.75%, 11/15/18, market value $2,299,316)

    $ 2,254,000      2,254,000

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,473,001 (Collateralized by $1,504,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $1,503,133)

     1,473,000      1,473,000

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $2,774,005 (Collateralized by $2,608,000 of various U.S. Government Agency Obligations, 4.75%–6.00%, 5/15/11-3/5/12, market value $2,837,401)

      2,774,000      2,774,000

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Mid-Cap ProFund    October 31, 2009
(unaudited)   

 

     Principal
Amount		    Value  

Repurchase Agreements, continued

      

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $872,001 (Collateralized by $880,000 Federal Farm Credit Bank, 4.00%, 3/6/13, market value $895,973)

    $ 872,000    $ 872,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $7,373,000)

         7,373,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $11,465,050)—101.8%

         12,460,372   

Net other assets (liabilities) — (1.8)%

         (217,098 ) 
           

NET ASSETS — 100.0%

       $ 12,243,274   
           

 

*

Non-income producing security

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $700,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Contracts    Unrealized
Appreciation
(Depreciation)		  

Futures Contracts Purchased

      

E-Mini S&P MidCap 400 Futures Contract expiring 12/18/09 (Underlying notional amount at value $2,496,600)

    38    $ (117,733 ) 

 

     Notional
Amount at
Value		    Unrealized
Gain (Loss)		  

Swap Agreements

      

Equity Index Swap Agreement with Goldman Sachs International, based on the S&P MidCap 400 Index

    $ 3,583,347    $ (127,340 ) 

Equity Index Swap Agreement with UBS AG, based on the S&P MidCap 400 Index

    $ 1,102,527    $ (78,032 ) 

Mid-Cap ProFund invested in the following industries as of October 31, 2009:

 

     Value    % of
Net Assets		  

Advertising

    $ 9,831    0.1 % 

Aerospace/Defense

      26,718    0.2 % 

Agriculture

      6,363    0.1 % 

Airlines

      14,881    0.1 % 

Apparel

      53,026    0.4 % 

Auto Manufacturers

      17,537    0.1 % 

Auto Parts & Equipment

      21,648    0.2 % 

Banks

      163,742    1.3 % 

Beverages

      27,032    0.2 % 

Biotechnology

      65,785    0.5 % 

Building Materials

      31,550    0.3 % 

Chemicals

      149,722    1.2 % 

Coal

      27,280    0.2 % 

Commercial Services

      268,306    2.2 % 

Computers

      138,513    1.1 % 

Cosmetics/Personal Care

      13,678    0.1 % 

Distribution/Wholesale

      56,044    0.5 % 

Diversified Financial Services

      123,225    1.0 % 

Electric

      185,908    1.5 % 

Electrical Components & Equipment

      83,040    0.7 % 

Electronics

      122,633    1.0 % 

Engineering & Construction

      79,648    0.7 % 

Entertainment

      24,332    0.2 % 

Environmental Control

      25,687    0.2 % 

Food

      65,684    0.5 % 

Forest Products & Paper

      40,517    0.3 % 

Gas

      128,233    1.0 % 

Hand/Machine Tools

      24,113    0.2 % 

Healthcare - Products

      229,829    1.9 % 

Healthcare - Services

      115,900    0.9 % 

Home Builders

      65,525    0.5 % 

Household Products/Wares

      70,007    0.6 % 

Insurance

      236,919    1.9 % 

Internet

      110,684    0.9 % 

Investment Companies

      9,180    0.1 % 

Iron/Steel

      67,710    0.6 % 

Leisure Time

      18,481    0.2 % 

Lodging

      2,628    NM   

Machinery - Construction & Mining

      67,217    0.5 % 

Machinery - Diversified

      71,040    0.6 % 

Media

      12,786    0.1 % 

Metal Fabricate/Hardware

      33,148    0.3 % 

Miscellaneous Manufacturing

      167,141    1.4 % 

Office Furnishings

      12,228    0.1 % 

Oil & Gas

      232,941    1.9 % 

Oil & Gas Services

      58,053    0.5 % 

Packaging & Containers

      39,409    0.3 % 

Pharmaceuticals

      117,561    1.0 % 

Pipelines

      23,123    0.2 % 

REIT

      309,917    2.5 % 

Real Estate

      11,947    0.1 % 

Retail

      378,378    3.2 % 

Retail - Restaurants

      9,468    0.1 % 

Savings & Loans

      62,447    0.5 % 

Semiconductors

      128,580    1.1 % 

Software

      194,840    1.6 % 

Telecommunications

      105,651    0.9 % 

Textiles

      15,290    0.1 % 

Toys/Games/Hobbies

      15,291    0.1 % 

Transportation

      79,051    0.6 % 

Trucking & Leasing

      6,931    0.1 % 

Water

      13,395    0.1 % 

Other**

      7,155,902    58.4 % 
             

Total

    $ 12,243,274    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 Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Mid-Cap ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1     LEVEL 2     Total  

Description

       

Investment Securities:

       

Common Stocks

    $ 5,087,372      $ —        $ 5,087,372   

Repurchase Agreements

      —          7,373,000        7,373,000   
                        

Total Investment Securities

      5,087,372        7,373,000        12,460,372   
                        

Other Financial Instruments^

      (117,733 )      (205,372 )      (323,105 ) 
                        

Total Investments

    $ 4,969,639      $ 7,167,628      $ 12,137,267   
                        

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks (44.5%)

      

1st Source Corp. (Banks)

    500    $ 7,410

3Com Corp.* (Telecommunications)

    6,300      32,382

3PAR, Inc.* (Computers)

    700      6,587

99 Cents Only Stores* (Retail)

    1,000      11,370

AAON, Inc. (Building Materials)

    1,000      18,010

AAR Corp.* (Aerospace/Defense)

    1,000      19,610

ABIOMED, Inc.* (Healthcare - Products)

    1,200      10,860

ABM Industries, Inc. (Commercial Services)

    1,000      18,780

Acco Brands Corp.* (Household Products/Wares)

    1,400      8,484

ACI Worldwide, Inc.* (Software)

    800      12,872

Acme Packet, Inc.* (Telecommunications)

    800      7,832

Acorda Therapeutics, Inc.* (Biotechnology)

    700      15,211

Actuant Corp. - Class A (Miscellaneous Manufacturing)

    1,500      23,415

Acuity Brands, Inc. (Miscellaneous Manufacturing)

    900      28,494

Acxiom Corp.* (Software)

    1,700      19,516

Adaptec, Inc.* (Telecommunications)

    4,200      13,398

ADC Telecommunications, Inc.* (Telecommunications)

    1,900      12,331

Administaff, Inc. (Commercial Services)

    600      14,892

ADTRAN, Inc. (Telecommunications)

    1,100      25,344

Advisory Board Co.* (Commercial Services)

    500      12,320

Affymax, Inc.* (Biotechnology)

    400      8,056

Affymetrix, Inc.* (Biotechnology)

    1,800      9,414

Aircastle, Ltd. (Trucking & Leasing)

    1,300      10,296

AirTran Holdings, Inc.* (Airlines)

    2,100      8,883

Alaska Air Group, Inc.* (Airlines)

    700      18,004

Alaska Communications Systems Group, Inc. (Telecommunications)

    1,600      12,448

Albany International Corp. - Class A (Machinery - Diversified)

    1,100      18,326

Alexander’s, Inc.* (REIT)

    100      26,492

Align Technology, Inc.* (Healthcare - Products)

    1,200      18,864

Alkermes, Inc.* (Pharmaceuticals)

    1,600      12,752

Allied Capital Corp. (Investment Companies)

    2,900      9,048

Allied Nevada Gold Corp.* (Mining)

    800      7,640

Allos Therapeutics, Inc.* (Pharmaceuticals)

    1,500      8,475

Altisource Portfolio Solutions S.A.* (Diversified Financial Services)

    205      3,126

AMAG Pharmaceuticals, Inc.* (Biotechnology)

    300      11,334

Ambac Financial Group, Inc. (Insurance)

    6,200      7,130

AMCOL International Corp. (Mining)

    600      15,624

American Campus Communities, Inc. (REIT)

    1,100      29,722

American Dairy, Inc.* (Food)

    200      5,788

American Ecology Corp. (Environmental Control)

    700      11,634

American Greetings Corp. - Class A (Household Products/Wares)

    700      14,238

American Italian Pasta Co. - Class A* (Food)

    400      10,868

American Medical Systems Holdings, Inc.* (Healthcare - Products)

    1,200      18,504

American Public Education, Inc.* (Commercial Services)

    300      9,570

American Reprographics Co.* (Software)

    1,200      7,200

AMERIGROUP Corp.* (Healthcare - Services)

    900      19,845

Amerisafe, Inc.* (Insurance)

    800      14,832

Ameristar Casinos, Inc. (Lodging)

    500      7,360

Ameron International Corp. (Miscellaneous Manufacturing)

    200      11,796

Amkor Technology, Inc.* (Semiconductors)

    2,500      13,775

AMN Healthcare Services, Inc.* (Commercial Services)

    2,300      19,136

ANADIGICS, Inc.* (Semiconductors)

    1,700      5,457

Analogic Corp. (Electronics)

    300      11,202

AngioDynamics, Inc.* (Healthcare - Products)

    800      12,080

Anixter International, Inc.* (Telecommunications)

    600      25,110

AnnTaylor Stores Corp.* (Retail)

    1,100      14,267

Apogee Enterprises, Inc. (Building Materials)

    1,000      13,240

Apollo Investment Corp. (Investment Companies)

    3,100      27,900

Applied Industrial Technologies, Inc. (Machinery - Diversified)

    800      16,184

Applied Micro Circuits Corp.* (Semiconductors)

    1,500      11,730

Arch Chemicals, Inc. (Chemicals)

    800      22,152

ArcSight, Inc.* (Telecommunications)

    400      9,888

Ardea Biosciences, Inc.* (Pharmaceuticals)

    500      6,750

Arena Pharmaceuticals, Inc.* (Biotechnology)

    2,000      7,060

Arena Resources, Inc.* (Oil & Gas)

    900      33,534

Ares Capital Corp. (Investment Companies)

    1,900      19,836

Argo Group International Holdings, Ltd.* (Insurance)

    1,000      33,960

Argon ST, Inc.* (Aerospace/Defense)

    600      11,160

Ariba, Inc.* (Internet)

    1,800      21,276

Arkansas Best Corp. (Transportation)

    600      15,492

ArQule, Inc.* (Biotechnology)

    1,500      5,025

Array BioPharma, Inc.* (Pharmaceuticals)

    2,800      5,012

Arris Group, Inc.* (Telecommunications)

    2,200      22,572

Art Technology Group, Inc.* (Internet)

    2,700      11,124

Aruba Networks, Inc.* (Telecommunications)

    1,000      7,820

ArvinMeritor, Inc. (Auto Parts & Equipment)

    1,700      13,277

Asbury Automotive Group, Inc.* (Retail)

    700      6,818

Ashford Hospitality Trust* (REIT)

    2,100      8,064

AsiaInfo Holdings, Inc.* (Internet)

    600      13,236

Assured Guaranty, Ltd. (Insurance)

    1,000      16,580

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Astec Industries, Inc.* (Machinery - Construction & Mining)

    500    $ 11,500

Astoria Financial Corp. (Savings & Loans)

    2,000      19,960

ATC Technology Corp.* (Auto Parts & Equipment)

    700      14,630

athenahealth, Inc.* (Software)

    500      18,805

Atheros Communications* (Telecommunications)

    1,100      27,082

Atlantic Tele-Network, Inc. (Environmental Control)

    200      9,168

Atlas Air Worldwide Holdings, Inc.* (Transportation)

    400      10,516

Atlas Energy, Inc. (Oil & Gas)

    1,000      26,180

ATMI, Inc.* (Semiconductors)

    800      12,120

Auxilium Pharmaceuticals, Inc.* (Healthcare - Products)

    800      25,168

Avid Technology, Inc.* (Software)

    1,000      12,630

Avis Budget Group, Inc.* (Commercial Services)

    1,700      14,280

Avocent Corp.* (Internet)

    1,100      27,357

AZZ, Inc.* (Miscellaneous Manufacturing)

    400      13,704

Badger Meter, Inc. (Electronics)

    300      11,181

Balchem Corp. (Chemicals)

    600      16,554

Baldor Electric Co. (Hand/Machine Tools)

    1,100      28,435

Baldwin & Lyons, Inc. - Class B (Insurance)

    700      15,967

Bally Technologies, Inc.* (Entertainment)

    900      35,451

BancFirst Corp. (Banks)

    400      14,444

Bank Mutual Corp. (Banks)

    2,400      16,848

Bare Escentuals, Inc.* (Cosmetics/Personal Care)

    1,400      17,682

Barnes Group, Inc. (Miscellaneous Manufacturing)

    1,200      19,020

Beacon Roofing Supply, Inc.* (Distribution/Wholesale)

    1,000      14,360

Belden, Inc. (Electrical Components & Equipment)

    1,100      25,245

Benchmark Electronics, Inc.* (Electronics)

    1,400      23,520

Berry Petroleum Co. - Class A (Oil & Gas)

    1,000      25,360

Bill Barrett Corp.* (Oil & Gas)

    1,000      30,980

Bio-Reference Laboratories, Inc.* (Healthcare - Services)

    400      12,932

BioMed Realty Trust, Inc. (REIT)

    1,800      24,426

Black Box Corp. (Telecommunications)

    400      10,604

Blackbaud, Inc. (Software)

    1,000      22,190

Blackboard, Inc.* (Software)

    600      21,282

Blount International, Inc.* (Machinery - Diversified)

    1,200      10,848

Blue Coat Systems, Inc.* (Internet)

    800      17,824

Bob Evans Farms, Inc. (Retail)

    800      21,016

Boston Private Financial Holdings, Inc. (Banks)

    2,000      11,900

BPZ Resources, Inc.* (Oil & Gas)

    1,600      10,080

Brady Corp. - Class A (Electronics)

    1,000      27,080

Brigham Exploration Co.* (Oil & Gas)

    2,400      22,800

Bristow Group, Inc.* (Transportation)

    600      17,490

Brooks Automation, Inc.* (Semiconductors)

    2,000      13,760

Brown Shoe Co., Inc. (Retail)

    1,200      12,444

Bruker Corp.* (Healthcare - Products)

    900      9,756

Brunswick Corp. (Leisure Time)

    1,800      17,064

Brush Engineered Materials, Inc.* (Mining)

    600      11,070

Buffalo Wild Wings, Inc.* (Retail)

    400      16,404

CACI International, Inc. - Class A* (Computers)

    600      28,572

Calamos Asset Management, Inc. (Diversified Financial Services)

    600      6,360

Calgon Carbon Corp.* (Environmental Control)

    900      14,256

California Water Service Group (Water)

    600      21,942

Capella Education Co.* (Commercial Services)

    300      20,670

Capstead Mortgage Corp. (REIT)

    1,300      17,108

CardioNet, Inc.* (Healthcare - Products)

    600      3,546

Carrizo Oil & Gas, Inc.* (Oil & Gas)

    800      18,544

Carter’s, Inc.* (Apparel)

    1,000      23,600

Casey’s General Stores, Inc. (Retail)

    900      28,377

Cash America International, Inc. (Retail)

    500      15,130

Cass Information Systems, Inc. (Banks)

    400      11,892

Catalyst Health Solutions, Inc.* (Pharmaceuticals)

    700      21,959

Cathay Bancorp, Inc. (Banks)

    1,100      9,713

Cavium Networks, Inc.* (Semiconductors)

    700      13,272

CBIZ, Inc.* (Commercial Services)

    3,000      21,120

CEC Entertainment, Inc.* (Retail)

    500      14,605

Celera Corp.* (Biotechnology)

    1,600      9,904

Centene Corp.* (Healthcare - Services)

    800      14,264

Centennial Communications Corp.* (Telecommunications)

    1,300      10,998

Central Garden & Pet Co. - Class A* (Household Products/Wares)

    1,100      10,406

Century Aluminum Co.* (Mining)

    1,200      10,404

Cenveo, Inc.* (Commercial Services)

    1,800      12,744

Cepheid, Inc.* (Healthcare - Products)

    1,300      17,251

Ceradyne, Inc.* (Miscellaneous Manufacturing)

    600      9,672

Charming Shoppes, Inc.* (Retail)

    2,200      9,966

Chart Industries, Inc.* (Machinery - Diversified)

    600      11,862

Chattem, Inc.* (Cosmetics/Personal Care)

    200      12,674

Checkpoint Systems, Inc.* (Electronics)

    1,000      13,570

Cheesecake Factory, Inc.* (Retail)

    1,100      19,998

Chemed Corp. (Commercial Services)

    500      22,660

Chemical Financial Corp. (Banks)

    1,000      21,950

Churchill Downs, Inc. (Entertainment)

    400      12,552

Cincinnati Bell, Inc.* (Telecommunications)

    5,000      15,400

CIRCOR International, Inc. (Metal Fabricate/Hardware)

    500      13,625

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Cirrus Logic, Inc.* (Semiconductors)

    2,000    $ 9,680

Citi Trends, Inc.* (Retail)

    300      7,899

City Holding Co. (Banks)

    600      18,342

CKE Restaurants, Inc. (Retail)

    1,600      14,000

CKX, Inc.* (Media)

    1,400      8,960

Clarcor, Inc. (Miscellaneous Manufacturing)

    900      26,487

Clean Harbors, Inc.* (Environmental Control)

    300      16,935

Clearwater Paper Corp.* (Forest Products & Paper)

    300      13,581

Coeur d’Alene Mines Corp.* (Mining)

    900      18,072

Coinstar, Inc.* (Commercial Services)

    700      22,218

Coldwater Creek, Inc.* (Retail)

    1,500      8,625

Collective Brands, Inc.* (Retail)

    1,100      20,405

Colonial Properties Trust (REIT)

    1,400      14,742

Community Bank System, Inc. (Banks)

    1,300      24,193

Commvault Systems, Inc.* (Software)

    800      15,760

Compellent Technologies, Inc.* (Computers)

    500      9,170

Complete Production Services, Inc.* (Oil & Gas Services)

    2,200      20,966

Computer Programs & Systems, Inc. (Software)

    300      12,672

comScore, Inc.* (Internet)

    500      7,665

Comtech Telecommunications Corp.* (Telecommunications)

    500      16,060

Conceptus, Inc.* (Healthcare - Products)

    700      12,278

Concur Technologies, Inc.* (Software)

    700      24,948

CONMED Corp.* (Healthcare - Products)

    900      19,071

Conseco, Inc.* (Insurance)

    4,000      20,840

Consolidated Communications Holdings, Inc. (Telecommunications)

    1,100      15,202

Contango Oil & Gas Co.* (Oil & Gas)

    300      14,295

Cooper Tire & Rubber Co. (Auto Parts & Equipment)

    1,300      19,838

Core-Mark Holding Co., Inc.* (Distribution/Wholesale)

    500      13,685

Corinthian Colleges, Inc.* (Commercial Services)

    1,300      20,618

CRA International, Inc.* (Commercial Services)

    400      9,900

Cracker Barrel Old Country Store, Inc. (Retail)

    500      16,575

Crocs, Inc.* (Apparel)

    1,400      8,512

CSG Systems International, Inc.* (Software)

    1,100      17,974

Cubic Corp. (Electronics)

    400      13,884

Cubist Pharmaceuticals, Inc.* (Pharmaceuticals)

    1,000      16,940

Curtiss-Wright Corp. (Aerospace/Defense)

    800      23,856

Cyberonics, Inc.* (Healthcare - Products)

    700      10,122

CyberSource Corp.* (Internet)

    1,200      19,656

Cymer, Inc.* (Electronics)

    600      20,544

Cypress Bioscience, Inc.* (Pharmaceuticals)

    1,100      6,754

Darling International, Inc.* (Environmental Control)

    1,900      13,205

DCT Industrial Trust, Inc. (REIT)

    3,600      16,308

DealerTrack Holdings, Inc.* (Internet)

    900      14,832

Deckers Outdoor Corp.* (Apparel)

    200      17,934

Delphi Financial Group, Inc. - Class A (Insurance)

    900      19,530

Delta Petroleum Corp.* (Oil & Gas)

    3,700      4,810

Deluxe Corp. (Commercial Services)

    1,200      17,076

Denny’s Corp.* (Retail)

    4,000      8,800

Developers Diversified Realty Corp. (REIT)

    2,900      24,911

Dexcom, Inc.* (Healthcare - Products)

    1,000      6,860

DHT Maritime, Inc. (Transportation)

    2,800      9,576

Diamond Foods, Inc. (Food)

    400      12,060

DiamondRock Hospitality Co.* (REIT)

    2,300      17,503

Digital River, Inc.* (Internet)

    700      15,981

Dillards, Inc. - Class A (Retail)

    1,100      14,982

DineEquity, Inc.* (Retail)

    200      4,232

Diodes, Inc.* (Semiconductors)

    600      9,828

Dionex Corp.* (Electronics)

    400      27,152

Dolan Media* (Media)

    600      7,164

Dollar Financial Corp.* (Commercial Services)

    600      11,262

Dollar Thrifty Automotive Group, Inc.* (Commercial Services)

    400      7,404

Domtar Corp.* (Forest Products & Paper)

    900      37,701

Dress Barn, Inc.* (Retail)

    1,100      19,855

Drew Industries, Inc.* (Building Materials)

    800      15,312

Drill-Quip, Inc.* (Oil & Gas Services)

    600      29,154

Durect Corp.* (Pharmaceuticals)

    2,900      6,119

Dycom Industries, Inc.* (Engineering & Construction)

    800      7,904

E* TRADE Financial Corp.* (Diversified Financial Services)

    8,700      12,702

EarthLink, Inc. (Internet)

    2,500      20,250

East West Bancorp, Inc. (Banks)

    1,600      14,448

EastGroup Properties, Inc. (REIT)

    600      22,086

Eastman Kodak Co.* (Miscellaneous Manufacturing)

    5,500      20,625

Eclipsys Corp.* (Software)

    1,000      18,750

eHealth, Inc.* (Insurance)

    600      8,538

Electro Scientific Industries, Inc.* (Electronics)

    1,100      12,034

Electronics for Imaging, Inc.* (Computers)

    1,500      17,490

EMCOR Group, Inc.* (Engineering & Construction)

    1,200      28,344

Emeritus Corp.* (Healthcare - Services)

    600      11,196

Employers Holdings, Inc. (Insurance)

    1,100      16,302

Emulex Corp.* (Semiconductors)

    1,500      15,150

Encore Wire Corp. (Electrical Components & Equipment)

    600      12,450

EnergySolutions, Inc. (Environmental Control)

    1,400      11,676

EnerSys* (Electrical Components & Equipment)

    800      17,680

Ennis, Inc. (Household Products/Wares)

    1,100      16,665

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

EnPro Industries, Inc.* (Miscellaneous Manufacturing)

    700    $ 15,806

Entegris, Inc.* (Semiconductors)

    3,200      12,032

Entertainment Properties Trust (REIT)

    900      30,618

EPIQ Systems, Inc.* (Software)

    800      10,088

Equity Lifestyle Properties, Inc. (REIT)

    700      32,515

ESCO Technologies, Inc.* (Miscellaneous Manufacturing)

    500      19,640

Esterline Technologies Corp.* (Aerospace/Defense)

    700      29,477

Euronet Worldwide, Inc.* (Commercial Services)

    1,100      26,015

ev3, Inc.* (Healthcare - Products)

    1,300      15,314

Evercore Partners, Inc. - Class A (Diversified Financial Services)

    400      13,056

Exelixis, Inc.* (Biotechnology)

    2,400      14,592

Exponent, Inc.* (Commercial Services)

    600      15,606

Extra Space Storage, Inc. (REIT)

    2,100      20,097

F.N.B. Corp. (Banks)

    2,100      14,868

Fair Isaac Corp. (Software)

    1,100      22,363

Federal Signal Corp. (Miscellaneous Manufacturing)

    1,600      9,824

FEI Co.* (Electronics)

    700      16,667

FelCor Lodging Trust, Inc.* (REIT)

    2,000      6,300

Financial Federal Corp. (Diversified Financial Services)

    800      16,336

First BanCorp (Banks)

    2,100      3,969

First Commonwealth Financial Corp. (Banks)

    2,600      13,650

First Financial Bancorp (Banks)

    1,500      19,020

First Financial Corp. (Banks)

    400      11,092

First Merchants Corp. (Banks)

    1,700      10,404

First Midwest Bancorp, Inc. (Banks)

    1,600      16,640

FirstMerit Corp. (Banks)

    1,500      28,425

Flagstone Reinsurance Holdings, Ltd. (Insurance)

    1,700      18,615

Flushing Financial Corp. (Savings & Loans)

    1,100      12,353

Force Protection, Inc.* (Auto Manufacturers)

    1,200      5,280

Forestar Group, Inc.* (Real Estate)

    800      11,808

FormFactor, Inc.* (Semiconductors)

    1,100      18,689

Fossil, Inc.* (Household Products/Wares)

    900      24,057

FPIC Insurance Group, Inc.* (Insurance)

    500      16,915

Franklin Electric Co., Inc. (Hand/Machine Tools)

    700      19,096

Franklin Street Properties Corp. (REIT)

    1,200      12,936

Fred’s, Inc. (Retail)

    1,000      11,840

Fresh Del Monte Produce, Inc.* (Food)

    800      17,368

Fuller (H.B.) Co. (Chemicals)

    1,200      22,932

FX Energy, Inc.* (Oil & Gas)

    1,900      5,054

Gartner Group, Inc.* (Commercial Services)

    1,200      22,344

General Communication, Inc. - Class A* (Telecommunications)

    1,400      8,610

General Maritime Corp. (Oil & Gas Services)

    1,400      9,646

Genesco, Inc.* (Retail)

    500      13,035

Genesee & Wyoming, Inc. - Class A* (Transportation)

    700      20,307

Genoptix, Inc.* (Healthcare - Services)

    400      13,916

GeoEye, Inc.* (Telecommunications)

    400      10,148

GFI Group, Inc. (Diversified Financial Services)

    1,300      6,695

Glacier Bancorp, Inc. (Banks)

    1,300      17,017

Glatfelter (Forest Products & Paper)

    1,600      16,912

Global Cash Access Holdings, Inc.* (Commercial Services)

    900      5,697

Global Industries, Ltd.* (Oil & Gas Services)

    2,400      17,496

Globecomm Systems, Inc.* (Telecommunications)

    1,400      9,464

GMX Resources, Inc.* (Oil & Gas)

    900      11,457

Golar LNG, Ltd. (Transportation)

    1,100      13,266

Goodrich Petroleum Corp.* (Oil & Gas)

    600      15,402

GrafTech International, Ltd.* (Electrical Components & Equipment)

    2,300      31,050

Gran Tierra Energy, Inc.* (Oil & Gas)

    4,100      19,516

Granite Construction, Inc. (Engineering & Construction)

    600      17,136

Graphic Packaging Holding Co.* (Packaging & Containers)

    2,900      6,641

Greatbatch, Inc.* (Electrical Components & Equipment)

    600      11,802

Greenlight Capital Re, Ltd. - Class A* (Insurance)

    352      6,568

Group 1 Automotive, Inc. (Retail)

    500      12,710

GulfMark Offshore, Inc.* (Transportation)

    700      19,369

Haemonetics Corp.* (Healthcare - Products)

    400      20,600

Halozyme Therapeutics, Inc.* (Biotechnology)

    2,000      12,120

Hancock Holding Co. (Banks)

    500      18,135

Harleysville National Corp. (Banks)

    2,200      12,672

Harmonic, Inc.* (Telecommunications)

    2,500      13,125

Harris Stratex Networks, Inc. - Class A* (Telecommunications)

    1,500      9,450

Harte-Hanks, Inc. (Advertising)

    1,400      16,436

Hatteras Financial Corp. (REIT)

    600      16,860

Haynes International, Inc.* (Metal Fabricate/Hardware)

    400      11,328

Headwaters, Inc.* (Energy - Alternate Sources)

    1,900      7,828

Healthcare Realty Trust, Inc. (REIT)

    1,400      29,162

Healthcare Services Group, Inc. (Commercial Services)

    1,000      19,750

HEALTHSOUTH Corp.* (Healthcare - Services)

    1,300      18,993

HealthSpring, Inc.* (Healthcare - Services)

    1,000      14,330

Healthways, Inc.* (Healthcare - Services)

    700      11,256

Heartland Express, Inc. (Transportation)

    1,200      16,320

Heartland Payment Systems, Inc. (Commercial Services)

    900      11,061

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

HEICO Corp. (Aerospace/Defense)

    500    $ 19,015

Heidrick & Struggles International, Inc. (Commercial Services)

    700      19,152

Helen of Troy, Ltd.* (Household Products/Wares)

    800      18,272

Hercules Offshore, Inc.* (Oil & Gas Services)

    3,000      15,390

Herman Miller, Inc. (Office Furnishings)

    1,100      16,995

Hexcel Corp.* (Aerospace/Defense Equipment)

    2,000      22,000

Highwoods Properties, Inc. (REIT)

    1,200      33,024

HMS Holdings Corp.* (Commercial Services)

    500      21,465

Home Federal Bancorp, Inc. (Savings & Loans)

    1,100      12,705

Home Properties, Inc. (REIT)

    800      31,344

Horace Mann Educators Corp. (Insurance)

    1,100      13,673

Hornbeck Offshore Services, Inc.* (Oil & Gas Services)

    900      21,879

Horsehead Holding Corp.* (Mining)

    1,100      10,483

Hot Topic, Inc.* (Retail)

    1,200      9,240

HSN, Inc.* (Retail)

    900      13,446

Hub Group, Inc. - Class A* (Transportation)

    700      17,402

Human Genome Sciences, Inc.* (Biotechnology)

    2,500      46,725

Huron Consulting Group, Inc.* (Commercial Services)

    400      9,280

Iconix Brand Group, Inc.* (Apparel)

    1,300      15,158

ICU Medical, Inc.* (Healthcare - Products)

    400      14,000

II-VI, Inc.* (Electronics)

    600      15,882

Immucor, Inc.* (Healthcare - Products)

    1,200      21,456

ImmunoGen, Inc.* (Biotechnology)

    1,500      10,035

Impax Laboratories, Inc.* (Pharmaceuticals)

    1,100      9,768

Independent Bank Corp./MA (Banks)

    900      19,143

Infinera Corp.* (Telecommunications)

    1,300      9,659

Infinity Property & Casualty Corp. (Insurance)

    600      23,202

Informatica Corp.* (Software)

    1,500      31,845

Information Services Group, Inc.* (Commercial Services)

    3,300      11,880

Inland Real Estate Corp. (REIT)

    2,900      24,882

Innospec, Inc. (Chemicals)

    700      8,274

Insight Enterprises, Inc.* (Retail)

    900      9,468

Insituform Technologies, Inc. - Class A* (Engineering & Construction)

    600      12,720

Insteel Industries, Inc. (Miscellaneous Manufacturing)

    1,000      11,120

InterDigital, Inc.* (Telecommunications)

    800      16,448

Interface, Inc. - Class A (Office Furnishings)

    1,200      9,312

Intermec, Inc.* (Machinery - Diversified)

    1,500      18,480

Interval Leisure Group, Inc.* (Leisure Time)

    800      8,928

Intevac, Inc.* (Machinery - Diversified)

    1,100      11,220

Invacare Corp. (Healthcare - Products)

    1,000      22,430

inVentiv Health, Inc.* (Advertising)

    800      13,584

ION Geophysical Corp.* (Oil & Gas Services)

    2,700      10,341

IPC The Hospitalist Co.* (Healthcare - Services)

    300      9,090

Isis Pharmaceuticals, Inc.* (Pharmaceuticals)

    1,600      20,272

J. Crew Group, Inc.* (Retail)

    700      28,546

j2 Global Communications, Inc.* (Internet)

    1,000      20,450

Jack Henry & Associates, Inc. (Computers)

    1,600      36,912

Jack in the Box, Inc.* (Retail)

    1,200      22,512

Jackson Hewitt Tax Service, Inc. (Commercial Services)

    1,100      5,401

JAKKS Pacific, Inc.* (Toys/Games/Hobbies)

    1,100      15,653

James River Coal Co.* (Coal)

    700      13,293

JetBlue Airways Corp.* (Airlines)

    4,300      21,328

Jo-Ann Stores, Inc.* (Retail)

    600      15,972

John Bean Technologies Corp. (Miscellaneous Manufacturing)

    700      11,494

Jones Apparel Group, Inc. (Apparel)

    1,700      30,413

Jos. A. Bank Clothiers, Inc.* (Retail)

    400      16,392

K-Swiss, Inc. - Class A (Apparel)

    1,500      12,240

Kaiser Aluminum Corp. (Mining)

    400      15,980

Kaman Corp. (Aerospace/Defense)

    700      14,462

Kaydon Corp. (Metal Fabricate/Hardware)

    600      20,994

KBW, Inc.* (Diversified Financial Services)

    500      14,000

Kelly Services, Inc. - Class A (Commercial Services)

    1,300      14,404

Kenexa Corp.* (Commercial Services)

    700      8,820

Key Energy Services, Inc.* (Oil & Gas Services)

    3,200      23,392

Keynote Systems, Inc.* (Internet)

    1,100      11,242

Kforce, Inc.* (Commercial Services)

    1,500      17,595

Kindred Healthcare, Inc.* (Healthcare - Services)

    800      11,760

Knight Capital Group, Inc. - Class A* (Diversified Financial Services)

    1,600      26,960

Knight Transportation, Inc. (Transportation)

    1,200      19,248

Knightsbridge Tankers, Ltd. (Transportation)

    800      10,112

Kopin Corp.* (Semiconductors)

    2,100      9,324

Koppers Holdings, Inc. (Miscellaneous Manufacturing)

    500      13,060

L-1 Identity Solutions, Inc.* (Electronics)

    1,700      10,047

L.B. Foster Co. - Class A* (Metal Fabricate/Hardware)

    400      11,232

Laclede Group, Inc. (Gas)

    600      18,426

Ladish Co., Inc.* (Metal Fabricate/Hardware)

    700      9,072

Lakeland Financial Corp. (Banks)

    600      12,342

Lancaster Colony Corp. (Miscellaneous Manufacturing)

    400      19,432

Lance, Inc. (Food)

    800      19,296

Landauer, Inc. (Commercial Services)

    300      15,537

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

LaSalle Hotel Properties (REIT)

    1,200    $ 20,592

Lawson Software, Inc.* (Software)

    3,200      20,192

Lexington Realty Trust (REIT)

    2,775      11,627

LHC Group, Inc.* (Healthcare - Services)

    400      11,164

Ligand Pharmaceuticals, Inc. - Class B* (Pharmaceuticals)

    2,700      4,590

Littelfuse, Inc.* (Electrical Components & Equipment)

    700      19,292

Live Nation, Inc.* (Commercial Services)

    2,100      13,986

Liz Claiborne, Inc. (Apparel)

    3,100      17,794

Loral Space & Communications, Inc.* (Telecommunications)

    200      5,284

Louisiana-Pacific Corp.* (Forest Products & Paper)

    2,700      14,175

Lufkin Industries, Inc. (Oil & Gas Services)

    400      22,820

Luminex Corp.* (Healthcare - Products)

    800      11,776

M&F Worldwide Corp.* (Food)

    400      8,512

Magellan Health Services, Inc.* (Healthcare - Services)

    700      22,491

MainSource Financial Group, Inc. (Banks)

    1,200      6,996

ManTech International Corp. - Class A* (Software)

    400      17,544

Marcus Corp. (Lodging)

    1,000      11,700

MarketAxess Holdings, Inc.* (Diversified Financial Services)

    800      9,504

Martek Biosciences Corp.* (Biotechnology)

    900      16,164

Masimo Corp.* (Healthcare - Products)

    1,000      26,570

MasTec, Inc.* (Telecommunications)

    1,000      11,800

Matrix Service Co.* (Oil & Gas Services)

    800      7,096

Matthews International Corp. - Class A (Miscellaneous Manufacturing)

    700      25,711

Max Capital Group, Ltd. (Insurance)

    900      18,585

MB Financial, Inc. (Banks)

    1,400      25,032

McGrath Rentcorp (Commercial Services)

    600      11,850

McMoRan Exploration Co.* (Oil & Gas)

    1,900      14,611

Meadowbrook Insurance Group, Inc. (Insurance)

    1,900      12,787

MedAssets, Inc.* (Software)

    800      17,552

Mediacom Communications Corp. - Class A* (Media)

    1,600      7,648

Medical Properties Trust, Inc. (REIT)

    2,000      16,000

Medicis Pharmaceutical Corp. - Class A (Pharmaceuticals)

    1,100      23,287

Mentor Graphics Corp.* (Computers)

    2,100      15,330

MercadoLibre, Inc.* (Commercial Services)

    400      14,316

Meridian Bioscience, Inc. (Healthcare - Products)

    700      15,533

Merit Medical Systems, Inc.* (Healthcare - Products)

    900      15,282

Meritage Homes Corp.* (Home Builders)

    500      9,120

MF Global, Ltd.* (Diversified Financial Services)

    900      6,408

MFA Financial, Inc. (REIT)

    3,700      27,454

MGE Energy, Inc. (Electric)

    800      28,016

MGIC Investment Corp.* (Insurance)

    1,700      7,327

Microsemi Corp.* (Semiconductors)

    1,500      19,965

Mid-America Apartment Communities, Inc. (REIT)

    600      26,292

Middlesex Water Co. (Water)

    1,300      20,007

MKS Instruments, Inc.* (Semiconductors)

    1,400      21,896

Mobile Mini, Inc.* (Storage/Warehousing)

    1,100      15,950

ModusLink Global Solutions, Inc.* (Internet)

    1,200      9,864

Momenta Pharmaceuticals, Inc.* (Biotechnology)

    800      7,296

Monolithic Power Systems, Inc.* (Semiconductors)

    700      13,993

Montpelier Re Holdings, Ltd. (Insurance)

    2,300      37,168

Moog, Inc. - Class A* (Aerospace/Defense)

    800      19,976

Move, Inc.* (Internet)

    3,600      7,380

MPS Group, Inc.* (Commercial Services)

    2,800      37,856

Mueller Industries, Inc. (Metal Fabricate/Hardware)

    800      18,928

Mueller Water Products, Inc. - Class A (Metal Fabricate/Hardware)

    2,500      11,200

Myriad Pharmaceuticals, Inc.* (Pharmaceuticals)

    77      425

NATCO Group, Inc. - Class A* (Oil & Gas Services)

    500      21,790

National CineMedia, Inc. (Entertainment)

    800      12,800

National Financial Partners* (Diversified Financial Services)

    800      6,520

National Penn Bancshares, Inc. (Banks)

    2,800      15,736

National Presto Industries, Inc. (Housewares)

    200      17,386

National Retail Properties, Inc. (REIT)

    1,500      29,070

Natus Medical, Inc.* (Healthcare - Products)

    1,000      13,890

Navigant Consulting Co.* (Commercial Services)

    1,200      17,088

NBT Bancorp, Inc. (Banks)

    900      19,620

Nektar Therapeutics* (Biotechnology)

    1,800      14,616

Neogen Corp.* (Pharmaceuticals)

    500      15,850

Net 1 UEPS Technologies, Inc.* (Commercial Services)

    1,000      17,490

Netezza Corp.* (Computers)

    1,200      11,088

NETGEAR, Inc.* (Telecommunications)

    800      14,584

Netlogic Microsystems, Inc.* (Semiconductors)

    400      15,204

Neutral Tandem, Inc.* (Telecommunications)

    500      10,545

NewAlliance Bancshares, Inc. (Savings & Loans)

    2,200      24,376

NewMarket Corp. (Chemicals)

    200      18,700

Newpark Resources, Inc.* (Oil & Gas Services)

    3,100      9,331

Newport Corp.* (Electronics)

    2,000      14,880

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

NIC, Inc. (Internet)

    1,600    $ 14,016

Nicor, Inc. (Gas)

    900      33,372

Nordson Corp. (Machinery - Diversified)

    600      31,662

Northwest Natural Gas Co. (Gas)

    600      25,086

Novatel Wireless, Inc.* (Telecommunications)

    900      8,028

NPS Pharmaceuticals, Inc.* (Biotechnology)

    2,000      6,340

NTELOS Holdings Corp. (Telecommunications)

    700      10,570

Nu Skin Enterprises, Inc. (Retail)

    1,200      27,312

NuVasive, Inc.* (Healthcare - Products)

    600      21,774

Ocwen Financial Corp.* (Diversified Financial Services)

    700      7,651

OfficeMax, Inc.* (Retail)

    1,800      20,574

Old Dominion Freight Line, Inc.* (Transportation)

    500      12,995

Old National Bancorp (Banks)

    2,000      20,740

Olin Corp. (Chemicals)

    1,700      25,959

OM Group, Inc.* (Chemicals)

    600      16,212

OMEGA Healthcare Investors, Inc. (REIT)

    2,100      31,836

Omnicell, Inc.* (Software)

    900      8,856

OmniVision Technologies, Inc.* (Semiconductors)

    1,200      14,712

Onyx Pharmaceuticals, Inc.* (Pharmaceuticals)

    1,000      26,600

Optimer Pharmaceuticals, Inc.* (Pharmaceuticals)

    500      5,780

optionsXpress Holdings, Inc. (Diversified Financial Services)

    800      12,504

Orbital Sciences Corp.* (Aerospace/Defense)

    1,400      18,032

Orient-Express Hotels, Ltd. - Class A* (Lodging)

    1,200      10,320

Oriental Financial Group, Inc. (Banks)

    700      7,455

Orion Marine Group, Inc.* (Engineering & Construction)

    400      7,616

Orthofix International N.V.* (Healthcare - Products)

    500      16,000

Orthovita, Inc.* (Healthcare - Products)

    1,700      5,950

Otter Tail Corp. (Electric)

    800      18,608

Owens & Minor, Inc. (Distribution/Wholesale)

    700      28,623

Pacific Sunwear of California, Inc.* (Retail)

    1,600      9,664

PacWest Bancorp (Banks)

    700      11,886

PAETEC Holding Corp.* (Telecommunications)

    2,900      9,396

Palm, Inc.* (Computers)

    1,200      13,932

Palomar Medical Technologies, Inc.* (Healthcare - Products)

    500      5,080

Papa John’s International, Inc.* (Retail)

    600      13,500

Par Pharmaceutical Cos., Inc.* (Pharmaceuticals)

    800      16,776

Parametric Technology Corp.* (Software)

    2,100      31,311

PAREXEL International Corp.* (Commercial Services)

    1,000      12,520

Park Electrochemical Corp. (Electronics)

    800      17,984

Parker Drilling Co.* (Oil & Gas)

    3,200      16,640

PDL BioPharma, Inc. (Biotechnology)

    2,300      19,343

Pegasystems, Inc. (Software)

    400      11,468

Penn Virginia Corp. (Oil & Gas)

    1,100      22,275

Perot Systems Corp. - Class A* (Computers)

    1,600      47,904

PetMed Express, Inc. (Pharmaceuticals)

    800      12,552

Petroleum Development* (Oil & Gas)

    700      11,690

PetroQuest Energy, Inc.* (Oil & Gas)

    1,400      8,582

Pharmasset, Inc.* (Pharmaceuticals)

    800      15,024

PharMerica Corp.* (Pharmaceuticals)

    800      12,344

Phase Forward, Inc.* (Software)

    1,000      13,110

PHH Corp.* (Commercial Services)

    900      14,544

PHI, Inc.* (Transportation)

    400      6,872

PICO Holdings, Inc.* (Water)

    500      16,970

Piedmont Natural Gas Co., Inc. (Gas)

    1,300      30,264

Pinnacle Entertainment, Inc.* (Entertainment)

    1,200      10,140

Piper Jaffray Cos., Inc.* (Diversified Financial Services)

    400      18,556

Plantronics, Inc. (Telecommunications)

    1,000      24,110

Platinum Underwriters Holdings, Ltd. (Insurance)

    900      32,193

Plexus Corp.* (Electronics)

    900      22,770

PNM Resources, Inc. (Electric)

    1,700      18,224

Polaris Industries, Inc. (Leisure Time)

    500      21,035

Polycom, Inc.* (Telecommunications)

    1,400      30,058

PolyOne Corp.* (Chemicals)

    3,400      18,972

Polypore International, Inc.* (Miscellaneous Manufacturing)

    700      7,672

Portland General Electric Co. (Electric)

    1,400      26,026

Post Properties, Inc. (REIT)

    1,000      16,490

Potlatch Corp. (Forest Products & Paper)

    900      25,119

Powell Industries, Inc.* (Electrical Components & Equipment)

    300      11,034

Power Integrations, Inc. (Semiconductors)

    600      18,720

Powerwave Technologies, Inc.* (Telecommunications)

    3,700      4,625

Premiere Global Services, Inc.* (Telecommunications)

    1,300      9,711

PrivateBancorp, Inc. (Banks)

    500      4,565

ProAssurance Corp.* (Insurance)

    700      35,196

Progress Software Corp.* (Software)

    1,100      25,410

Prospect Capital Corp. (Investment Companies)

    800      7,944

Prosperity Bancshares, Inc. (Banks)

    800      28,632

Provident New York Bancorp (Savings & Loans)

    2,300      19,619

PSS World Medical, Inc.* (Healthcare - Products)

    1,200      24,264

Psychiatric Solutions, Inc.* (Healthcare - Services)

    800      16,512

Quanex Building Products Corp. (Building Materials)

    1,100      16,357

Quantum Corp.* (Computers)

    5,400      9,990

Quest Software, Inc.* (Software)

    1,400      23,478

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Questcor Pharmaceuticals, Inc.* (Pharmaceuticals)

    1,500    $ 6,810

Quidel Corp.* (Healthcare - Products)

    800      11,440

Quiksilver, Inc.* (Apparel)

    3,000      5,970

Rackspace Hosting, Inc.* (Internet)

    1,100      18,425

Radian Group, Inc. (Insurance)

    1,800      10,422

Raven Industries, Inc. (Miscellaneous Manufacturing)

    500      12,350

RBC Bearings, Inc.* (Metal Fabricate/Hardware)

    700      15,057

RC2 Corp.* (Toys/Games/Hobbies)

    400      5,224

RCN Corp.* (Telecommunications)

    1,400      11,676

Redwood Trust, Inc. (REIT)

    1,300      18,122

Regal-Beloit Corp. (Hand/Machine Tools)

    1,100      51,568

Regeneron Pharmaceuticals, Inc.* (Biotechnology)

    1,000      15,700

Regis Corp. (Retail)

    1,000      16,240

RehabCare Group, Inc.* (Healthcare - Services)

    400      7,500

Renasant Corp. (Banks)

    900      13,176

Rent-A-Center, Inc.* (Commercial Services)

    1,200      22,032

Res-Care, Inc.* (Healthcare - Services)

    1,000      12,030

Resources Connection, Inc.* (Commercial Services)

    1,000      17,270

RF Micro Devices, Inc.* (Telecommunications)

    4,400      17,512

Rigel Pharmaceuticals, Inc.* (Healthcare - Products)

    700      4,487

Rimage Corp.* (Computers)

    600      11,040

Riverbed Technology, Inc.* (Computers)

    900      18,441

RLI Corp. (Insurance)

    600      30,000

Robbins & Myers, Inc. (Machinery - Diversified)

    600      13,920

Rock-Tenn Co. - Class A (Forest Products & Paper)

    700      30,660

Rockwood Holdings, Inc.* (Chemicals)

    1,100      21,868

Rofin-Sinar Technologies, Inc.* (Electronics)

    700      15,015

Rollins, Inc. (Commercial Services)

    900      16,272

Rosetta Resources, Inc.* (Oil & Gas)

    1,600      21,648

RTI Biologics, Inc.* (Healthcare - Products)

    1,600      6,272

RTI International Metals, Inc.* (Mining)

    700      14,497

Ruby Tuesday, Inc.* (Retail)

    1,100      7,326

Ruddick Corp. (Food)

    1,000      26,720

S.Y. Bancorp, Inc. (Banks)

    500      11,175

S1 Corp.* (Internet)

    1,800      10,800

Salix Pharmaceuticals, Ltd.* (Pharmaceuticals)

    1,200      22,068

Sally Beauty Holdings, Inc.* (Retail)

    2,200      14,850

Sanderson Farms, Inc. (Food)

    400      14,636

Sandy Spring Bancorp, Inc. (Banks)

    800      9,248

Sapient Corp.* (Internet)

    2,000      16,280

Savient Pharmaceuticals, Inc.* (Biotechnology)

    700      8,820

SAVVIS, Inc.* (Telecommunications)

    900      13,311

ScanSource, Inc.* (Distribution/Wholesale)

    700      17,773

SCBT Financial Corp. (Banks)

    600      15,522

School Specialty, Inc.* (Retail)

    800      17,800

Schweitzer-Mauduit International, Inc. (Forest Products & Paper)

    400      20,660

Seattle Genetics, Inc.* (Biotechnology)

    2,000      18,160

Selective Insurance Group, Inc. (Insurance)

    1,400      21,448

Semtech Corp.* (Semiconductors)

    1,400      21,658

Sensient Technologies Corp. (Chemicals)

    1,100      27,819

Shenandoah Telecommunications Co. (Telecommunications)

    600      10,014

ShoreTel, Inc.* (Telecommunications)

    1,000      6,570

Shuffle Master, Inc.* (Entertainment)

    1,300      10,153

Signature Bank* (Banks)

    700      22,092

Silicon Graphics International Corp.* (Computers)

    2,300      13,708

Simmons First National Corp. - Class A (Banks)

    500      14,630

Simpson Manufacturing Co., Inc. (Building Materials)

    900      21,051

Sinclair Broadcast Group, Inc. - Class A (Media)

    4,000      15,760

Skechers U.S.A., Inc. - Class A* (Apparel)

    1,000      21,820

SkyWest, Inc. (Airlines)

    1,500      20,955

Skyworks Solutions, Inc.* (Semiconductors)

    2,700      28,161

Smart Balance, Inc.* (Food)

    1,600      8,448

Smith Corp. (Miscellaneous Manufacturing)

    600      23,778

Smith Micro Software, Inc.* (Software)

    1,000      9,080

Solera Holdings, Inc. (Software)

    1,100      35,442

Solutia, Inc.* (Chemicals)

    1,800      19,800

Sonic Automotive, Inc. (Retail)

    500      4,470

Sonic Corp.* (Retail)

    1,800      16,830

SONICWALL, Inc.* (Internet)

    2,500      19,850

SonoSite, Inc.* (Healthcare - Products)

    700      17,353

Sonus Networks, Inc.* (Telecommunications)

    4,900      9,408

Sotheby’s (Commercial Services)

    600      9,516

Southside Bancshares, Inc. (Banks)

    700      14,553

Southwest Gas Corp. (Gas)

    1,200      29,988

Spartan Motors, Inc. (Auto Parts & Equipment)

    600      2,994

Spartech Corp. (Chemicals)

    600      5,742

Spherion Corp.* (Commercial Services)

    1,300      6,435

SRA International, Inc. - Class A* (Computers)

    800      15,008

Stage Stores, Inc. (Retail)

    1,000      11,800

Standard Microsystems Corp.* (Semiconductors)

    800      15,408

Standard Pacific Corp.* (Home Builders)

    2,800      8,400

Starent Networks Corp.* (Software)

    500      16,870

Stein Mart, Inc.* (Retail)

    600      5,700

StellarOne Corp. (Banks)

    700      7,427

Stepan Co. (Chemicals)

    300      17,172

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

STERIS Corp. (Healthcare - Products)

    1,100    $ 32,186

Sterling Bancorp (Banks)

    1,800      12,114

Sterling Bancshares, Inc. (Banks)

    2,201      12,257

Steven Madden, Ltd.* (Apparel)

    500      20,250

Stewart Enterprises, Inc. - Class A (Commercial Services)

    2,000      9,160

Stifel Financial Corp.* (Diversified Financial Services)

    500      25,980

Stone Energy Corp.* (Oil & Gas)

    1,100      16,863

Sun Communities, Inc. (REIT)

    1,000      17,440

Sun Healthcare Group, Inc.* (Healthcare - Services)

    1,500      13,620

Sunstone Hotel Investors, Inc. (REIT)

    1,900      14,345

Superior Industries International, Inc. (Auto Parts & Equipment)

    900      11,952

Susquehanna Bancshares, Inc. (Banks)

    3,100      17,081

SVB Financial Group* (Banks)

    500      20,625

Swift Energy Co.* (Oil & Gas)

    1,200      25,416

Sycamore Networks, Inc.* (Telecommunications)

    4,500      12,825

Sykes Enterprises, Inc.* (Computers)

    900      21,366

Symmetry Medical, Inc.* (Healthcare - Products)

    1,200      9,600

Symyx Technologies, Inc.* (Chemicals)

    1,000      5,870

Syniverse Holdings, Inc.* (Telecommunications)

    1,100      18,843

SYNNEX Corp.* (Software)

    500      12,865

Take-Two Interactive Software, Inc.* (Software)

    1,300      14,261

Taleo Corp. - Class A* (Software)

    700      15,218

Tanger Factory Outlet Centers, Inc. (REIT)

    700      26,649

Technitrol, Inc. (Electronics)

    1,000      7,790

Tekelec* (Telecommunications)

    1,400      21,028

Teledyne Technologies, Inc.* (Aerospace/Defense)

    700      23,912

TeleTech Holdings, Inc.* (Commercial Services)

    700      12,523

Tempur-Pedic International, Inc.* (Home Furnishings)

    1,200      23,244

Tennant Co. (Machinery - Diversified)

    700      18,662

Tenneco Automotive, Inc.* (Auto Parts & Equipment)

    1,000      13,620

Terremark Worldwide, Inc.* (Internet)

    1,800      11,502

Tessera Technologies, Inc.* (Semiconductors)

    800      17,688

Tetra Tech, Inc.* (Environmental Control)

    1,000      25,730

TETRA Technologies, Inc.* (Oil & Gas Services)

    2,000      18,920

Texas Capital Bancshares, Inc.* (Banks)

    1,100      16,027

Texas Roadhouse, Inc. - Class A* (Retail)

    1,200      11,364

The Andersons, Inc. (Agriculture)

    400      12,412

The Buckle, Inc. (Retail)

    500      15,005

The Cato Corp. - Class A (Retail)

    800      15,768

The Children’s Place Retail Stores, Inc.* (Retail)

    500      15,725

The Corporate Executive Board Co. (Commercial Services)

    800      19,208

The Geo Group, Inc.* (Commercial Services)

    1,000      21,150

The Gymboree Corp.* (Apparel)

    500      21,285

The Hain Celestial Group, Inc.* (Food)

    1,000      17,540

The Men’s Wearhouse, Inc. (Retail)

    1,100      25,487

The Pantry, Inc.* (Retail)

    500      7,055

The Pep Boys - Manny, Moe & Jack (Retail)

    1,100      9,647

The Phoenix Cos., Inc. (Insurance)

    2,500      7,950

The Ryland Group, Inc. (Home Builders)

    800      14,840

The Timberland Co. - Class A* (Apparel)

    1,200      19,416

The Ultimate Software Group, Inc.* (Software)

    600      15,306

The Warnaco Group, Inc.* (Apparel)

    800      32,424

The Wet Seal, Inc. - Class A* (Retail)

    2,900      9,251

Theravance, Inc.* (Pharmaceuticals)

    1,000      13,970

Thoratec Corp.* (Healthcare - Products)

    1,000      26,260

THQ, Inc.* (Software)

    1,500      7,845

Tibco Software, Inc.* (Internet)

    3,500      30,625

Ticketmaster Entertainment, Inc.* (Commercial Services)

    1,100      10,615

Titan International, Inc. (Auto Parts & Equipment)

    1,100      9,240

TiVo, Inc.* (Home Furnishings)

    1,800      19,584

TNS, Inc.* (Commercial Services)

    500      14,130

Tower Group, Inc. (Insurance)

    800      19,664

Tractor Supply Co.* (Retail)

    600      26,820

TradeStation Group, Inc.* (Diversified Financial Services)

    1,800      13,896

Tredegar Corp. (Miscellaneous Manufacturing)

    1,000      13,630

TreeHouse Foods, Inc.* (Food)

    600      22,440

TriQuint Semiconductor, Inc.* (Semiconductors)

    2,900      15,631

Triumph Group, Inc. (Aerospace/Defense)

    400      18,724

True Religion Apparel, Inc.* (Apparel)

    600      15,462

TrueBlue, Inc.* (Commercial Services)

    1,700      20,570

TrustCo Bank Corp. NY (Banks)

    2,800      16,660

Trustmark Corp. (Banks)

    1,100      20,845

TTM Technologies, Inc.* (Electronics)

    1,500      15,255

Tupperware Corp. (Household Products/Wares)

    1,000      45,020

Tutor Perini Corp.* (Engineering & Construction)

    500      8,825

Tyler Technologies, Inc.* (Computers)

    1,100      20,922

UAL Corp.* (Airlines)

    3,000      19,530

UIL Holdings Corp. (Electric)

    900      23,112

UMB Financial Corp. (Banks)

    700      27,839

Umpqua Holdings Corp. (Banks)

    1,400      13,874

Union Bankshares Corp. (Banks)

    500      6,160

Unisource Energy Corp. (Electric)

    800      23,104

Unisys Corp.* (Computers)

    670      19,524

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value  

Common Stocks, continued

      

United Fire & Casualty Co. (Insurance)

      800    $ 13,984   

United Natural Foods, Inc.* (Food)

      800      19,288   

United Online, Inc. (Internet)

      2,100      16,800   

United Rentals, Inc.* (Commercial Services)

      1,800      17,082   

United Stationers, Inc.* (Distribution/Wholesale)

      500      23,570   

Universal Forest Products, Inc. (Building Materials)

      500      17,840   

Universal Health Realty Income Trust (REIT)

      700      22,225   

US Airways Group, Inc.* (Airlines)

      3,700      11,322   

USEC, Inc.* (Mining)

      2,300      8,878   

VAALCO Energy, Inc. (Oil & Gas)

      2,300      9,798   

Valassis Communications, Inc.* (Commercial Services)

      1,000      18,230   

ValueClick, Inc.* (Internet)

      1,800      17,712   

Vanda Pharmaceuticals, Inc.* (Pharmaceuticals)

      400      4,080   

Varian, Inc.* (Electronics)

      600      30,720   

Veeco Instruments, Inc.* (Semiconductors)

      900      21,915   

VeriFone Holdings, Inc.* (Software)

      1,500      19,950   

ViaSat, Inc.* (Telecommunications)

      600      17,490   

ViroPharma, Inc.* (Pharmaceuticals)

      1,700      12,818   

VIVUS, Inc.* (Healthcare - Products)

      1,700      13,430   

Vocus, Inc.* (Internet)

      500      9,050   

Volcano Corp.* (Healthcare - Products)

      1,000      14,350   

W&T Offshore, Inc. (Oil & Gas)

      1,400      16,310   

W.R. Grace & Co.* (Chemicals)

      1,300      28,457   

Walter Investment Management Corp. (REIT)

      300      3,906   

Washington REIT (REIT)

      1,100      29,370   

Washington Trust Bancorp, Inc. (Banks)

      700      10,514   

Watsco, Inc. (Distribution/Wholesale)

      300      15,366   

Watson Wyatt Worldwide, Inc. - Class A (Commercial Services)

      700      30,506   

Watts Water Technologies, Inc. - Class A (Electronics)

      800      22,600   

Wausau-Mosinee Paper Corp. (Forest Products & Paper)

      1,700      14,909   

WD-40 Co. (Household Products/Wares)

      600      18,894   

Websense, Inc.* (Internet)

      1,000      16,060   

Webster Financial Corp. (Banks)

      1,500      16,965   

WellCare Health Plans, Inc.* (Healthcare - Services)

      700      18,291   

Werner Enterprises, Inc. (Transportation)

      1,000      18,750   

WesBanco, Inc. (Banks)

      900      12,735   

West Pharmaceutical Services, Inc. (Healthcare - Products)

      800      31,576   

Westamerica Bancorp (Banks)

      500      23,900   

Westfield Financial, Inc. (Banks)

      1,900      15,295   

Weyco Group, Inc. (Apparel)

      400      8,920   

WGL Holdings, Inc. (Gas)

      1,000      33,060   

Willbros Group, Inc.* (Oil & Gas Services)

      1,100      14,454   

Winn-Dixie Stores, Inc.* (Food)

      1,200      13,308   

Wintrust Financial Corp. (Banks)

      700      19,747   

Wolverine World Wide, Inc. (Apparel)

      1,200      30,696   

Woodward Governor Co. (Electronics)

      1,100      25,861   

World Acceptance Corp.* (Diversified Financial Services)

      400      10,036   

World Fuel Services Corp. (Retail)

      600      30,510   

World Wrestling Entertainment, Inc. (Entertainment)

      1,100      14,608   

Worthington Industries, Inc. (Metal Fabricate/Hardware)

      1,300      14,365   

Wright Express Corp.* (Commercial Services)

      800      22,328   

Wright Medical Group, Inc.* (Healthcare - Products)

      1,000      16,250   

XenoPort, Inc.* (Pharmaceuticals)

      700      11,697   

Zenith National Insurance Corp. (Insurance)

      1,000      28,530   

Zep, Inc. (Chemicals)

      600      10,260   

Zoll Medical Corp.* (Healthcare - Products)

      700      13,594   

Zoran Corp.* (Semiconductors)

      1,200      10,644   
           

TOTAL COMMON STOCKS
(Cost $11,260,895)

         12,840,432   
           
     Principal
Amount		       

Repurchase Agreements (66.1%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $5,830,010 (Collateralized by $5,640,800 U.S. Treasury Notes, 3.75%, 11/15/18, market value $5,947,077)

    $ 5,830,000      5,830,000   

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $3,811,003 (Collateralized by $3,890,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $3,887,758)

     3,811,000      3,811,000   

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $7,176,012 (Collateralized by $7,117,000 of various U.S. Government Agency Obligations, 3.00%–6.00%, 6/11/10-5/15/11, market value $7,326,383)

      7,176,000      7,176,000   

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $2,249,004 (Collateralized by $2,285,000 of various U.S. Government Agency Obligations, 1.10%–4.00%, 3/30/10-3/6/13, market value $2,307,601)

      2,249,000      2,249,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $19,066,000)

         19,066,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $30,326,895)—110.6%

         31,906,432   

Net other assets (liabilities) — (10.6)%

         (3,066,663 ) 
           

NET ASSETS — 100.0%

       $ 28,839,769   
           

 

*

Non-income producing security

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap ProFund    October 31, 2009
(unaudited)   

 

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $400,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Contracts    Unrealized
Appreciation
(Depreciation)		  

Futures Contracts Purchased

      

Russell 2000 Mini Futures Contract expiring 12/18/09 (Underlying notional amount at value $11,623,050)

    207    $ (750,596 ) 

 

     Notional
Amount at
Value 		   Unrealized
Gain (Loss)		  

Swap Agreements

      

Equity Index Swap Agreement with Goldman Sachs International, based on the Russell 2000 Index

    $ 2,242,538    $ (95,831 ) 

Equity Index Swap Agreement with UBS AG, based on the Russell 2000 Index

    $ 1,974,866    $ (84,435 ) 

Small-Cap ProFund invested in the following industries as of October 31, 2009:

 

     Value    % of
Net Assets		  

Advertising

    $ 30,020    0.1 % 

Aerospace/Defense

      198,224    0.7 % 

Aerospace/Defense Equipment

      22,000    0.1 % 

Agriculture

      12,412    NM   

Airlines

      100,022    0.3 % 

Apparel

      301,894    1.0 % 

Auto Manufacturers

      5,280    NM   

Auto Parts & Equipment

      85,551    0.3 % 

Banks

      859,640    3.1 % 

Biotechnology

      255,915    0.9 % 

Building Materials

      101,810    0.4 % 

Chemicals

      286,743    1.0 % 

Coal

      13,293    NM   

Commercial Services

      885,334    3.2 % 

Computers

      316,984    1.1 % 

Cosmetics/Personal Care

      30,356    0.1 % 

Distribution/Wholesale

      113,377    0.4 % 

Diversified Financial Services

      210,290    0.7 % 

Electric

      137,090    0.5 % 

Electrical Components & Equipment

      128,553    0.4 % 

Electronics

      375,638    1.3 % 

Energy - Alternate Sources

      7,828    NM   

Engineering & Construction

      82,545    0.3 % 

Entertainment

      95,704    0.3 % 

Environmental Control

      102,604    0.4 % 

Food

      196,272    0.7 % 

Forest Products & Paper

      173,717    0.6 % 

Gas

      170,196    0.6 % 

Hand/Machine Tools

      99,099    0.3 % 

Healthcare - Products

      611,077    2.1 % 

Healthcare - Services

      239,190    0.8 % 

Home Builders

      32,360    0.1 % 

Home Furnishings

      42,828    0.1 % 

Household Products/Wares

      156,036    0.5 % 

Housewares

      17,386    0.1 % 

Insurance

      507,906    1.8 % 

Internet

      399,257    1.4 % 

Investment Companies

      64,728    0.2 % 

Leisure Time

      47,027    0.2 % 

Lodging

      29,380    0.1 % 

Machinery - Construction & Mining

      11,500    NM   

Machinery - Diversified

      151,164    0.5 % 

Media

      39,532    0.1 % 

Metal Fabricate/Hardware

      125,801    0.4 % 

Mining

      112,648    0.4 % 

Miscellaneous Manufacturing

      336,730    1.2 % 

Office Furnishings

      26,307    0.1 % 

Oil & Gas

      401,845    1.4 % 

Oil & Gas Services

      242,675    0.8 % 

Packaging & Containers

      6,641    NM   

Pharmaceuticals

      319,472    1.1 % 

REIT

      750,518    2.7 % 

Real Estate

      11,808    NM   

Retail

      771,627    2.8 % 

Savings & Loans

      89,013    0.3 % 

Semiconductors

      380,412    1.3 % 

Software

      584,653    2.0 % 

Storage/Warehousing

      15,950    0.1 % 

Telecommunications

      618,763    2.1 % 

Toys/Games/Hobbies

      20,877    0.1 % 

Transportation

      207,715    0.7 % 

Trucking & Leasing

      10,296    NM   

Water

      58,919    0.2 % 

Other**

      15,999,337    55.5 % 
             

Total

    $ 28,839,769    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 Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1     LEVEL 2     Total  

Description

       

Investment Securities:

       

Common Stocks

    $ 12,840,432      $ —        $ 12,840,432   

Repurchase Agreements

      —          19,066,000        19,066,000   
                        

Total Investment Securities

      12,840,432        19,066,000        31,906,432   
                        

Other Financial Instruments^

      (750,596 )      (180,266 )      (930,862 ) 
                        

Total Investments

    $ 12,089,836      $ 18,885,734      $ 30,975,570   
                        

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
NASDAQ-100 ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks (53.0%)

      

Activision Blizzard, Inc.* (Software)

    32,262    $ 349,397

Adobe Systems, Inc.* (Software)

    14,706      484,416

Akamai Technologies, Inc.* (Internet)

    4,674      102,828

Altera Corp. (Semiconductors)

    11,742      232,374

Amazon.com, Inc.* (Internet)

    8,208      975,192

Amgen, Inc.* (Biotechnology)

    13,452      722,776

Apollo Group, Inc. - Class A* (Commercial Services)

    4,446      253,867

Apple Computer, Inc.* (Computers)

    35,568      6,704,568

Applied Materials, Inc. (Semiconductors)

    19,608      239,218

Autodesk, Inc.* (Software)

    6,840      170,521

Automatic Data Processing, Inc. (Software)

    10,146      403,811

Baidu, Inc.ADR* (Internet)

    798      301,580

Bed Bath & Beyond, Inc.* (Retail)

    10,032      353,227

Biogen Idec, Inc.* (Biotechnology)

    8,892      374,620

Broadcom Corp. - Class A* (Semiconductors)

    11,286      300,320

C.H. Robinson Worldwide, Inc. (Transportation)

    4,788      263,867

CA, Inc. (Software)

    14,364      300,495

Celgene Corp.* (Biotechnology)

    12,996      663,446

Cephalon, Inc.* (Pharmaceuticals)

    2,052      111,998

Cerner Corp.* (Software)

    2,280      173,371

Check Point Software Technologies, Ltd.* (Internet)

    5,814      180,641

Cintas Corp. (Textiles)

    5,244      145,206

Cisco Systems, Inc.* (Telecommunications)

    58,596      1,338,919

Citrix Systems, Inc.* (Software)

    6,156      226,295

Cognizant Technology Solutions Corp.* (Computers)

    8,094      312,833

Comcast Corp. - Class A (Media)

    41,040      595,080

Costco Wholesale Corp. (Retail)

    6,498      369,411

Dell, Inc.* (Computers)

    20,406      295,683

DENTSPLY International, Inc. (Healthcare - Products)

    4,104      135,268

DIRECTV Group, Inc.* (Media)

    20,292      533,680

DISH Network Corp. - Class A* (Media)

    6,156      107,114

eBay, Inc.* (Internet)

    27,360      609,307

Electronic Arts, Inc.* (Software)

    9,234      168,428

Expedia, Inc.* (Internet)

    8,094      183,491

Expeditors International of Washington, Inc. (Transportation)

    5,928      191,000

Express Scripts, Inc.* (Pharmaceuticals)

    6,954      555,764

Fastenal Co. (Distribution/Wholesale)

    3,990      137,655

First Solar, Inc.* (Energy - Alternate Sources)

    2,166      264,100

Fiserv, Inc.* (Software)

    5,472      251,001

Flextronics International, Ltd.* (Electronics)

    25,080      162,518

FLIR Systems, Inc.* (Electronics)

    4,560      126,814

Foster Wheeler AG* (Engineering & Construction)

    3,762      105,298

Garmin, Ltd. (Electronics)

    5,244      158,683

Genzyme Corp.* (Biotechnology)

    9,690      490,314

Gilead Sciences, Inc.* (Pharmaceuticals)

    25,308      1,076,855

Google, Inc. - Class A* (Internet)

    4,218      2,261,354

Hansen Natural Corp.* (Beverages)

    2,508      90,664

Henry Schein, Inc.* (Healthcare - Products)

    2,508      132,498

Hologic, Inc.* (Healthcare - Products)

    7,638      112,890

IAC/InterActiveCorp* (Internet)

    3,876      73,411

Illumina, Inc.* (Biotechnology)

    3,420      109,782

Infosys Technologies, Ltd.ADR (Software)

    3,078      141,588

Intel Corp. (Semiconductors)

    55,746      1,065,306

Intuit, Inc.* (Software)

    11,628      338,026

Intuitive Surgical, Inc.* (Healthcare - Products)

    1,026      252,755

J.B. Hunt Transport Services, Inc. (Transportation)

    3,648      109,659

Joy Global, Inc. (Machinery - Construction & Mining)

    2,850      143,669

KLA -Tencor Corp. (Semiconductors)

    5,928      192,719

Lam Research Corp.* (Semiconductors)

    3,762      126,855

Liberty Global, Inc. - Class A* (Media)

    3,990      81,915

Liberty Media Holding Corp. - Interactive Series A* (Internet)

    15,504      175,815

Life Technologies Corp.* (Biotechnology)

    5,130      241,982

Linear Technology Corp. (Semiconductors)

    8,436      218,324

Logitech International S.A.ADR* (Computers)

    5,016      85,272

Marvell Technology Group, Ltd.* (Semiconductors)

    16,872      231,484

Maxim Integrated Products, Inc. (Semiconductors)

    8,550      142,529

Microchip Technology, Inc. (Semiconductors)

    4,332      103,795

Microsoft Corp. (Software)

    87,324      2,421,495

Millicom International Cellular S.A.* (Telecommunications)

    2,964      185,724

NetApp, Inc.* (Computers)

    10,032      271,366

News Corp. - Class A (Media)

    40,470      466,214

NII Holdings, Inc. - Class B* (Telecommunications)

    4,560      122,801

NVIDIA Corp.* (Semiconductors)

    15,276      182,701

O’Reilly Automotive, Inc.* (Retail)

    3,876      144,497

Oracle Corp. (Software)

    59,508      1,255,619

PACCAR, Inc. (Auto Manufacturers)

    11,628      435,003

Patterson Cos., Inc.* (Healthcare - Products)

    3,306      84,402

Paychex, Inc. (Commercial Services)

    9,804      278,532

Pharmaceutical Product Development, Inc. (Commercial Services)

    3,306      71,244

Priceline.com, Inc.* (Internet)

    1,254      197,869

Qualcomm, Inc. (Telecommunications)

    57,114      2,365,091

Research In Motion, Ltd.* (Computers)

    16,188      950,721

Ross Stores, Inc. (Retail)

    3,648      160,548

Ryanair Holdings PLCADR* (Airlines)

    3,306      90,155

Seagate Technology (Computers)

    14,022      195,607

Sears Holdings Corp.* (Retail)

    3,534      239,817

Sigma-Aldrich Corp. (Chemicals)

    3,306      171,681

Staples, Inc. (Retail)

    13,794      299,330

Starbucks Corp.* (Retail)

    29,184      553,912

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
NASDAQ-100 ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value  

Common Stocks, continued

      

Steel Dynamics, Inc. (Iron/Steel)

      6,270    $ 83,955   

Stericycle, Inc.* (Environmental Control)

      2,508      131,344   

Symantec Corp.* (Internet)

      24,282      426,878   

Teva Pharmaceutical Industries, Ltd.ADR (Pharmaceuticals)

      20,976      1,058,868   

Urban Outfitters, Inc.* (Retail)

      4,788      150,247   

VeriSign, Inc.* (Internet)

      5,130      117,015   

Vertex Pharmaceuticals, Inc.* (Biotechnology)

      5,358      179,814   

Warner Chilcott PLC - Class A* (Pharmaceuticals)

      7,182      159,081   

Wynn Resorts, Ltd.* (Lodging)

      3,876      210,157   

Xilinx, Inc. (Semiconductors)

      10,374      225,635   

Yahoo!, Inc.* (Internet)

      19,152      304,517   
           

TOTAL COMMON STOCKS
(Cost $32,436,805)

         42,827,382   
           
     Principal
Amount		       

Repurchase Agreements (52.6%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $13,014,022 (Collateralized by $12,591,600 U.S. Treasury Notes, 3.75%, 11/15/18, market value $13,275,282)

    $ 13,014,000      13,014,000   

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $8,508,007 (Collateralized by $8,685,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $8,679,993)

     8,508,000      8,508,000   

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $16,018,027 (Collateralized by $16,139,500 of various U.S. Treasury Securities, 1.25%–6.00%, 12/30/10-11/15/18, market value $16,339,320)

      16,018,000      16,018,000   

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $5,017,008 (Collateralized by $5,086,667 of various U.S. Treasury Securities, 1.13%–2.50%, 6/30/11-2/17/12, market value $5,133,860)

      5,017,000      5,017,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $42,557,000)

         42,557,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $74,993,805)—105.6%

         85,384,382   

Net other assets (liabilities) — (5.6)%

         (4,497,188 ) 
           

NET ASSETS — 100.0%

       $ 80,887,194   
           

 

*

Non-income producing security

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $5,260,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

ADR

American Depositary Receipt

 

     Contracts    Unrealized
Appreciation
(Depreciation)		  

Futures Contracts Purchased

      

E-Mini NASDAQ-100 Futures Contract expiring 12/18/09 (Underlying notional amount at value $5,055,520)

      152    $ (53,430 ) 
     Notional
Amount at
Value		    Unrealized
Gain (Loss)		  

Swap Agreements

      

Equity Index Swap Agreement with Goldman Sachs International, based on the NASDAQ-100 Index

    $ 9,477,632    $ (351,985 ) 

Equity Index Swap Agreement with UBS AG, based on the NASDAQ-100 Index

    $ 23,356,942    $ (618,827 ) 
NASDAQ-100 ProFund invested in the following industries as of October 31, 2009:   
     Value    % of
Net Assets		  

Airlines

    $ 90,155      0.1 % 

Auto Manufacturers

      435,003      0.5 % 

Beverages

      90,664      0.1 % 

Biotechnology

      2,782,734      3.4 % 

Chemicals

      171,681      0.2 % 

Commercial Services

      603,643      0.7 % 

Computers

      8,816,050      10.9 % 

Distribution/Wholesale

      137,655      0.2 % 

Electronics

      448,015      0.6 % 

Energy - Alternate Sources

      264,100      0.3 % 

Engineering & Construction

      105,298      0.1 % 

Environmental Control

      131,344      0.2 % 

Healthcare - Products

      717,813      0.9 % 

Internet

      5,909,898      7.3 % 

Iron/Steel

      83,955      0.1 % 

Lodging

      210,157      0.3 % 

Machinery - Construction & Mining

      143,669      0.2 % 

Media

      1,784,003      2.2 % 

Pharmaceuticals

      2,962,566      3.7 % 

Retail

      2,270,989      2.8 % 

Semiconductors

      3,261,260      4.0 % 

Software

      6,684,463      8.3 % 

Telecommunications

      4,012,535      5.0 % 

Textiles

      145,206      0.2 % 

Transportation

      564,526      0.7 % 

Other**

      38,059,812      47.0 % 
               

Total

    $ 80,887,194      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 Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
NASDAQ-100 ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1     LEVEL 2     Total  

Description

       

Investment Securities:

       

Common Stocks

    $ 42,827,382      $ —        $ 42,827,382   

Repurchase Agreements

      —          42,557,000        42,557,000   
                        

Total Investment Securities

      42,827,382        42,557,000        85,384,382   
                        

Other Financial Instruments^

      (53,430 )      (970,812 )      (1,024,242 ) 
                        

Total Investments

    $ 42,773,952      $ 41,586,188      $ 84,360,140   
                        

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Large-Cap Value ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks (100.6%)

      

Abbott Laboratories (Pharmaceuticals)

    1,840    $ 93,049

Advanced Micro Devices, Inc.* (Semiconductors)

    880      4,048

Aetna, Inc. (Healthcare - Services)

    560      14,577

Affiliated Computer Services, Inc. - Class A* (Computers)

    80      4,167

AFLAC, Inc. (Insurance)

    480      19,915

Air Products & Chemicals, Inc. (Chemicals)

    480      37,022

Airgas, Inc. (Chemicals)

    80      3,549

AK Steel Holding Corp. (Iron/Steel)

    240      3,809

Alcoa, Inc. (Mining)

    2,400      29,808

Allegheny Energy, Inc. (Electric)

    400      9,128

Allegheny Technologies, Inc. (Iron/Steel)

    80      2,469

Allergan, Inc. (Pharmaceuticals)

    400      22,500

Allstate Corp. (Insurance)

    1,280      37,850

Altria Group, Inc. (Agriculture)

    5,040      91,274

Ameren Corp. (Electric)

    480      11,683

American Electric Power, Inc. (Electric)

    1,120      33,846

American Express Co. (Diversified Financial Services)

    960      33,446

American International Group, Inc.* (Insurance)

    320      10,758

American Tower Corp.* (Telecommunications)

    720      26,510

Ameriprise Financial, Inc. (Diversified Financial Services)

    640      22,189

AmerisourceBergen Corp. (Pharmaceuticals)

    720      15,948

Analog Devices, Inc. (Semiconductors)

    720      18,454

AON Corp. (Insurance)

    400      15,404

Apartment Investment and Management Co. - Class A (REIT)

    320      3,952

Applied Materials, Inc. (Semiconductors)

    880      10,736

Archer-Daniels-Midland Co. (Agriculture)

    1,520      45,782

Assurant, Inc. (Insurance)

    320      9,578

AT&T, Inc. (Telecommunications)

    14,320      367,594

Automatic Data Processing, Inc. (Software)

    560      22,288

AutoNation, Inc.* (Retail)

    240      4,138

Avalonbay Communities, Inc. (REIT)

    160      11,005

Avery Dennison Corp. (Household Products/Wares)

    240      8,556

Bank of America Corp. (Banks)

    20,880      304,430

Bank of New York Mellon Corp. (Banks)

    2,880      76,781

Bard (C.R.), Inc. (Healthcare - Products)

    80      6,006

Baxter International, Inc. (Healthcare - Products)

    640      34,598

BB&T Corp. (Banks)

    1,600      38,256

Becton, Dickinson & Co. (Healthcare - Products)

    240      16,406

Bemis Co., Inc. (Packaging & Containers)

    240      6,199

Best Buy Co., Inc. (Retail)

    320      12,218

Big Lots, Inc.* (Retail)

    80      2,004

Boeing Co. (Aerospace/Defense)

    880      42,064

Boston Properties, Inc. (REIT)

    320      19,446

Boston Scientific Corp.* (Healthcare - Products)

    2,320      18,838

Bristol-Myers Squibb Co. (Pharmaceuticals)

    4,800      104,640

Broadcom Corp. - Class A* (Semiconductors)

    560      14,902

Brown-Forman Corp. (Beverages)

    80      3,905

Burlington Northern Santa Fe Corp. (Transportation)

    320      24,102

CA, Inc. (Software)

    400      8,368

Capital One Financial Corp. (Diversified Financial Services)

    1,120      40,992

Cardinal Health, Inc. (Pharmaceuticals)

    880      24,939

CareFusion Corp.* (Healthcare - Products)

    240      5,369

Carnival Corp. - Class A (Leisure Time)

    1,040      30,285

CBS Corp. - Class B (Media)

    1,680      19,774

CenterPoint Energy, Inc. (Electric)

    880      11,088

CenturyTel, Inc. (Telecommunications)

    720      23,371

Cephalon, Inc.* (Pharmaceuticals)

    80      4,366

CF Industries Holdings, Inc. (Chemicals)

    80      6,660

Chubb Corp. (Insurance)

    400      19,408

Ciena Corp.* (Telecommunications)

    240      2,815

CIGNA Corp. (Insurance)

    640      17,818

Cincinnati Financial Corp. (Insurance)

    400      10,144

Cintas Corp. (Textiles)

    160      4,430

Citigroup, Inc. (Diversified Financial Services)

    31,440      128,589

Citrix Systems, Inc.* (Software)

    160      5,882

Clorox Co. (Household Products/Wares)

    320      18,954

CMS Energy Corp. (Electric)

    560      7,448

Coca-Cola Co. (Beverages)

    1,600      85,296

Coca-Cola Enterprises, Inc. (Beverages)

    800      15,256

Comcast Corp. - Class A (Media)

    4,160      60,320

Comerica, Inc. (Banks)

    400      11,100

Computer Sciences Corp.* (Computers)

    400      20,284

ConAgra Foods, Inc. (Food)

    1,120      23,520

ConocoPhillips (Oil & Gas)

    1,280      64,230

Consolidated Edison, Inc. (Electric)

    640      26,035

Constellation Brands, Inc.* (Beverages)

    240      3,797

Constellation Energy Group, Inc. (Electric)

    480      14,842

Convergys Corp.* (Commercial Services)

    320      3,472

Corning, Inc. (Telecommunications)

    3,760      54,934

Costco Wholesale Corp. (Retail)

    560      31,836

Coventry Health Care, Inc.* (Healthcare - Services)

    160      3,173

CSX Corp. (Transportation)

    960      40,493

Cummins, Inc. (Machinery - Diversified)

    160      6,890

CVS Corp. (Retail)

    1,680      59,304

D.R. Horton, Inc. (Home Builders)

    480      5,261

Darden Restaurants, Inc. (Retail)

    320      9,699

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Large-Cap Value ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Dean Foods Co.* (Food)

    160    $ 2,917

Deere & Co. (Machinery - Diversified)

    400      18,220

DENTSPLY International, Inc. (Healthcare - Products)

    160      5,274

DeVry, Inc. (Commercial Services)

    80      4,423

Diamond Offshore Drilling, Inc. (Oil & Gas)

    80      7,620

DIRECTV Group, Inc.* (Media)

    720      18,936

Discover Financial Services (Diversified Financial Services)

    480      6,787

Dominion Resources, Inc. (Electric)

    1,440      49,090

Dover Corp. (Miscellaneous Manufacturing)

    480      18,086

Dr. Pepper Snapple Group, Inc.* (Beverages)

    240      6,542

DTE Energy Co. (Electric)

    400      14,792

Duke Energy Corp. (Electric)

    3,120      49,358

Dynegy, Inc. - Class A* (Electric)

    1,200      2,400

E* TRADE Financial Corp.* (Diversified Financial Services)

    1,280      1,869

E.I. du Pont de Nemours & Co. (Chemicals)

    2,160      68,731

Eastman Chemical Co. (Chemicals)

    160      8,402

Eastman Kodak Co.* (Miscellaneous Manufacturing)

    640      2,400

Eaton Corp. (Miscellaneous Manufacturing)

    400      24,180

Edison International (Electric)

    800      25,456

El Paso Corp. (Pipelines)

    1,680      16,481

Electronic Arts, Inc.* (Software)

    480      8,755

Eli Lilly & Co. (Pharmaceuticals)

    2,480      84,345

EMC Corp.* (Computers)

    1,600      26,352

Emerson Electric Co. (Electrical Components & Equipment)

    720      27,180

Entergy Corp. (Electric)

    480      36,826

EQT Corp. (Oil & Gas)

    80      3,349

Equity Residential Properties Trust (REIT)

    640      18,483

Exelon Corp. (Electric)

    1,600      75,136

Expedia, Inc.* (Internet)

    320      7,254

Family Dollar Stores, Inc. (Retail)

    160      4,528

Federated Investors, Inc. - Class B (Diversified Financial Services)

    80      2,100

FedEx Corp. (Transportation)

    400      29,076

Fidelity National Information Services, Inc. (Software)

    720      15,667

Fifth Third Bancorp (Banks)

    1,920      17,165

First Horizon National Corp.* (Banks)

    321      3,797

First Solar, Inc.* (Energy - Alternate Sources)

    80      9,754

FirstEnergy Corp. (Electric)

    720      31,162

Flowserve Corp. (Machinery - Diversified)

    160      15,714

Fluor Corp. (Engineering & Construction)

    240      10,661

Ford Motor Co.* (Auto Manufacturers)

    7,840      54,880

Fortune Brands, Inc. (Household Products/Wares)

    400      15,580

FPL Group, Inc. (Electric)

    960      47,136

Frontier Communications Corp. (Telecommunications)

    720      5,162

Gannett Co., Inc. (Media)

    560      5,499

General Dynamics Corp. (Aerospace/Defense)

    400      25,080

General Electric Co. (Miscellaneous Manufacturing)

    25,680      366,197

General Mills, Inc. (Food)

    400      26,368

Genuine Parts Co. (Distribution/Wholesale)

    400      13,996

Genworth Financial, Inc. - Class A* (Diversified Financial Services)

    1,200      12,744

Genzyme Corp.* (Biotechnology)

    320      16,192

Gilead Sciences, Inc.* (Pharmaceuticals)

    720      30,636

Goodrich Corp. (Aerospace/Defense)

    320      17,392

H & R Block, Inc. (Commercial Services)

    800      14,672

Halliburton Co. (Oil & Gas Services)

    1,040      30,378

Harley-Davidson, Inc. (Leisure Time)

    240      5,981

Harman International Industries, Inc. (Home Furnishings)

    80      3,009

Hartford Financial Services Group, Inc. (Insurance)

    960      23,539

Hasbro, Inc. (Toys/Games/Hobbies)

    320      8,726

HCP, Inc. (REIT)

    640      18,938

Health Care REIT, Inc. (REIT)

    240      10,649

Heinz (H.J.) Co. (Food)

    320      12,877

Hewlett-Packard Co. (Computers)

    2,000      94,920

Home Depot, Inc. (Retail)

    1,520      38,137

Honeywell International, Inc. (Miscellaneous Manufacturing)

    1,840      66,038

Hormel Foods Corp. (Food)

    80      2,917

Hospira, Inc.* (Pharmaceuticals)

    240      10,714

Host Marriott Corp. (REIT)

    1,440      14,558

Hudson City Bancorp, Inc. (Savings & Loans)

    480      6,307

Humana, Inc.* (Healthcare - Services)

    160      6,013

Huntington Bancshares, Inc. (Banks)

    1,600      6,096

Illinois Tool Works, Inc. (Miscellaneous Manufacturing)

    480      22,042

Integrys Energy Group, Inc. (Electric)

    160      5,536

Intel Corp. (Semiconductors)

    7,040      134,534

International Business Machines Corp. (Computers)

    960      115,785

International Flavors & Fragrances, Inc. (Chemicals)

    80      3,047

International Game Technology (Entertainment)

    720      12,845

International Paper Co. (Forest Products & Paper)

    1,040      23,202

Interpublic Group of Cos., Inc.* (Advertising)

    1,200      7,224

Invesco, Ltd. (Diversified Financial Services)

    960      20,304

Iron Mountain, Inc.* (Commercial Services)

    160      3,909

ITT Industries, Inc. (Miscellaneous Manufacturing)

    160      8,112

J.C. Penney Co., Inc. (Retail)

    560      18,553

J.P. Morgan Chase & Co. (Diversified Financial Services)

    9,440      394,309

Jabil Circuit, Inc. (Electronics)

    480      6,422

Jacobs Engineering Group, Inc.* (Engineering & Construction)

    160      6,766

Janus Capital Group, Inc. (Diversified Financial Services)

    400      5,248

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Large-Cap Value ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

JDS Uniphase Corp.* (Telecommunications)

    560    $ 3,130

JM Smucker Co. (Food)

    320      16,874

Johnson Controls, Inc. (Auto Parts & Equipment)

    1,440      34,445

Juniper Networks, Inc.* (Telecommunications)

    800      20,408

KB Home (Home Builders)

    80      1,134

KeyCorp (Banks)

    2,160      11,642

Kimberly-Clark Corp. (Household Products/Wares)

    400      24,464

Kimco Realty Corp. (REIT)

    800      10,112

King Pharmaceuticals, Inc.* (Pharmaceuticals)

    320      3,242

KLA -Tencor Corp. (Semiconductors)

    400      13,004

Kohls Corp.* (Retail)

    240      13,733

Kraft Foods, Inc. (Food)

    3,600      99,072

Kroger Co. (Food)

    960      22,205

L-3 Communications Holdings, Inc. (Aerospace/Defense)

    80      5,783

Legg Mason, Inc. (Diversified Financial Services)

    320      9,315

Leggett & Platt, Inc. (Miscellaneous Manufacturing)

    400      7,732

Lennar Corp. - Class A (Home Builders)

    320      4,032

Leucadia National Corp.* (Holding Companies - Diversified)

    160      3,595

Life Technologies Corp.* (Biotechnology)

    240      11,321

Limited, Inc. (Retail)

    640      11,264

Lincoln National Corp. (Insurance)

    720      17,158

Linear Technology Corp. (Semiconductors)

    560      14,493

Loews Corp. (Insurance)

    480      15,888

Lorillard, Inc. (Agriculture)

    400      31,088

Lowe’s Cos., Inc. (Retail)

    1,040      20,353

LSI Logic Corp.* (Semiconductors)

    960      4,915

M&T Bank Corp. (Banks)

    160      10,056

Macy’s, Inc. (Retail)

    1,040      18,273

Marathon Oil Corp. (Oil & Gas)

    640      20,461

Marriott International, Inc. - Class A (Lodging)

    240      6,014

Marsh & McLennan Cos., Inc. (Insurance)

    1,280      30,029

Marshall & Ilsley Corp. (Banks)

    880      4,682

Masco Corp. (Building Materials)

    880      10,340

Massey Energy Co. (Coal)

    240      6,982

Mattel, Inc. (Toys/Games/Hobbies)

    880      16,658

MBIA, Inc.* (Insurance)

    240      974

McAfee, Inc.* (Internet)

    160      6,701

McCormick & Co., Inc. (Food)

    160      5,602

McDonald’s Corp. (Retail)

    1,360      79,709

McKesson Corp. (Commercial Services)

    640      37,587

MeadWestvaco Corp. (Forest Products & Paper)

    400      9,132

Medco Health Solutions, Inc.* (Pharmaceuticals)

    720      40,406

Merck & Co., Inc. (Pharmaceuticals)

    5,120      158,361

Meredith Corp. (Media)

    80      2,165

MetLife, Inc. (Insurance)

    2,000      68,060

MetroPCS Communications, Inc.* (Telecommunications)

    320      1,994

Microchip Technology, Inc. (Semiconductors)

    480      11,501

Micron Technology, Inc.* (Semiconductors)

    2,080      14,123

Millipore Corp.* (Biotechnology)

    80      5,361

Molex, Inc. (Electrical Components & Equipment)

    320      5,974

Molson Coors Brewing Co. - Class B (Beverages)

    400      19,588

Monsanto Co. (Agriculture)

    560      37,621

Monster Worldwide, Inc.* (Internet)

    160      2,323

Moody’s Corp. (Commercial Services)

    320      7,578

Morgan Stanley Dean Witter & Co. (Diversified Financial Services)

    3,280      105,353

Mylan Laboratories, Inc.* (Pharmaceuticals)

    320      5,197

NASDAQ Stock Market, Inc.* (Diversified Financial Services)

    160      2,890

National-Oilwell Varco, Inc.* (Oil & Gas Services)

    400      16,396

Newell Rubbermaid, Inc. (Housewares)

    640      9,286

Newmont Mining Corp. (Mining)

    720      31,291

News Corp. - Class A (Media)

    5,440      62,669

Nicor, Inc. (Gas)

    80      2,966

NiSource, Inc. (Electric)

    640      8,269

Noble Energy, Inc. (Oil & Gas)

    240      15,751

Nordstrom, Inc. (Retail)

    160      5,085

Norfolk Southern Corp. (Transportation)

    480      22,378

Northeast Utilities System (Electric)

    400      9,220

Northern Trust Corp. (Banks)

    320      16,080

Northrop Grumman Corp. (Aerospace/Defense)

    800      40,104

Novell, Inc.* (Software)

    400      1,636

Novellus Systems, Inc.* (Semiconductors)

    160      3,293

NVIDIA Corp.* (Semiconductors)

    480      5,741

O’Reilly Automotive, Inc.* (Retail)

    160      5,965

Occidental Petroleum Corp. (Oil & Gas)

    560      42,493

Office Depot, Inc.* (Retail)

    640      3,872

Omnicom Group, Inc. (Advertising)

    240      8,227

Owens-Illinois, Inc.* (Packaging & Containers)

    320      10,202

Pactiv Corp.* (Packaging & Containers)

    160      3,694

Pall Corp. (Miscellaneous Manufacturing)

    160      5,078

Parker Hannifin Corp. (Miscellaneous Manufacturing)

    160      8,474

Peabody Energy Corp. (Coal)

    240      9,502

People’s United Financial, Inc. (Banks)

    880      14,106

Pepco Holdings, Inc. (Electric)

    560      8,361

PerkinElmer, Inc. (Electronics)

    320      5,955

Pfizer, Inc. (Pharmaceuticals)

    19,280      328,338

PG&E Corp. (Electric)

    880      35,983

Philip Morris International, Inc. (Commercial Services)

    4,720      223,539

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Large-Cap Value ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Pinnacle West Capital Corp. (Electric)

    240    $ 7,517

Pioneer Natural Resources Co. (Oil & Gas)

    80      3,289

Pitney Bowes, Inc. (Office/Business Equipment)

    160      3,920

Plum Creek Timber Co., Inc. (Forest Products & Paper)

    400      12,516

PNC Financial Services Group (Banks)

    1,120      54,813

Polo Ralph Lauren Corp. (Apparel)

    80      5,954

PPG Industries, Inc. (Chemicals)

    400      22,572

PPL Corp. (Electric)

    880      25,907

Praxair, Inc. (Chemicals)

    240      19,066

Precision Castparts Corp. (Metal Fabricate/Hardware)

    160      15,261

Principal Financial Group, Inc. (Insurance)

    720      18,029

Procter & Gamble Co. (Cosmetics/Personal Care)

    2,160      125,280

Progress Energy, Inc. (Electric)

    640      24,019

ProLogis (REIT)

    1,040      11,783

Prudential Financial, Inc. (Insurance)

    1,120      50,658

Public Service Enterprise Group, Inc. (Electric)

    1,200      35,760

Public Storage, Inc. (REIT)

    320      23,552

Pulte Homes, Inc. (Home Builders)

    400      3,604

QLogic Corp.* (Semiconductors)

    80      1,403

Quanta Services, Inc.* (Commercial Services)

    240      5,088

Quest Diagnostics, Inc. (Healthcare - Services)

    160      8,949

Qwest Communications International, Inc. (Telecommunications)

    3,600      12,924

R.R. Donnelley & Sons Co. (Commercial Services)

    480      9,638

RadioShack Corp. (Retail)

    80      1,351

Raytheon Co. (Aerospace/Defense)

    960      43,469

Regions Financial Corp. (Banks)

    2,800      13,552

Republic Services, Inc. (Environmental Control)

    320      8,291

Reynolds American, Inc. (Agriculture)

    400      19,392

Rowan Cos., Inc. (Oil & Gas)

    240      5,580

Ryder System, Inc. (Transportation)

    160      6,488

Safeway, Inc. (Food)

    1,040      23,223

Sara Lee Corp. (Food)

    1,680      18,967

SCANA Corp. (Electric)

    320      10,829

Schering-Plough Corp. (Pharmaceuticals)

    3,920      110,544

Scripps Networks Interactive - Class A (Entertainment)

    160      6,042

Sealed Air Corp. (Packaging & Containers)

    160      3,077

Sempra Energy (Gas)

    560      28,812

Sigma-Aldrich Corp. (Chemicals)

    80      4,154

Simon Property Group, Inc. (REIT)

    640      43,450

Snap-on, Inc. (Hand/Machine Tools)

    160      5,845

Southern Co. (Electric)

    1,920      59,885

Southwest Airlines Co. (Airlines)

    1,120      9,408

Southwestern Energy Co.* (Oil & Gas)

    320      13,946

Spectra Energy Corp. (Pipelines)

    1,600      30,592

Sprint Nextel Corp.* (Telecommunications)

    4,560      13,498

Staples, Inc. (Retail)

    800      17,360

Starwood Hotels & Resorts Worldwide, Inc. (Lodging)

    480      13,949

State Street Corp. (Banks)

    640      26,867

Stericycle, Inc.* (Environmental Control)

    80      4,190

Sun Microsystems, Inc.* (Computers)

    1,840      15,051

SunTrust Banks, Inc. (Banks)

    1,120      21,403

SuperValu, Inc. (Food)

    480      7,618

Symantec Corp.* (Internet)

    800      14,064

T. Rowe Price Group, Inc. (Diversified Financial Services)

    160      7,797

Target Corp. (Retail)

    880      42,618

TECO Energy, Inc. (Electric)

    480      6,883

Tellabs, Inc.* (Telecommunications)

    560      3,371

Tenet Healthcare Corp.* (Healthcare - Services)

    1,040      5,325

Teradata Corp.* (Computers)

    240      6,691

Teradyne, Inc.* (Semiconductors)

    400      3,348

Tesoro Petroleum Corp. (Oil & Gas)

    320      4,525

Textron, Inc. (Miscellaneous Manufacturing)

    640      11,379

The AES Corp.* (Electric)

    1,600      20,912

The Charles Schwab Corp. (Diversified Financial Services)

    720      12,485

The Dow Chemical Co. (Chemicals)

    2,800      65,744

The Gap, Inc. (Retail)

    640      13,658

The Goodyear Tire & Rubber Co.* (Auto Parts & Equipment)

    560      7,213

The New York Times Co. - Class A (Media)

    320      2,550

The Pepsi Bottling Group, Inc. (Beverages)

    160      5,990

The Stanley Works (Hand/Machine Tools)

    160      7,237

The Travelers Cos., Inc. (Insurance)

    1,440      71,698

The Williams Cos., Inc. (Pipelines)

    1,440      27,144

Thermo Fisher Scientific, Inc.* (Electronics)

    560      25,200

Tiffany & Co. (Retail)

    320      12,573

Time Warner Cable, Inc. (Media)

    560      22,086

Time Warner, Inc. (Media)

    2,880      86,745

Torchmark Corp. (Insurance)

    80      3,248

Tyson Foods, Inc. - Class A (Food)

    720      9,014

U.S. Bancorp (Banks)

    4,640      107,741

Union Pacific Corp. (Transportation)

    1,200      66,168

United Parcel Service, Inc. - Class B (Transportation)

    1,120      60,122

United States Steel Corp. (Iron/Steel)

    320      11,037

United Technologies Corp. (Aerospace/Defense)

    960      58,992

UnumProvident Corp. (Insurance)

    800      15,960

V.F. Corp. (Apparel)

    240      17,050

Valero Energy Corp. (Oil & Gas)

    1,360      24,616

Ventas, Inc. (REIT)

    160      6,421

Verizon Communications, Inc. (Telecommunications)

    6,880      203,579

Vornado Realty Trust (REIT)

    400      23,824

Vulcan Materials Co. (Building Materials)

    320      14,730

W.W. Grainger, Inc. (Distribution/Wholesale)

    80      7,498

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Large-Cap Value ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value  

Common Stocks, continued

      

Wal-Mart Stores, Inc. (Retail)

    2,000    $ 99,360   

Walgreen Co. (Retail)

    1,040      39,343   

Walt Disney Co. (Media)

    2,720      74,446   

Washington Post Co. - Class B (Media)

    80      34,560   

Waste Management, Inc. (Environmental Control)

    1,200      35,856   

Watson Pharmaceuticals, Inc.* (Pharmaceuticals)

    160      5,507   

WellPoint, Inc.* (Healthcare - Services)

    640      29,926   

Wells Fargo & Co. (Banks)

    11,280      310,425   

Weyerhaeuser Co. (Forest Products & Paper)

    480      17,443   

Whirlpool Corp. (Home Furnishings)

    160      11,454   

Whole Foods Market, Inc.* (Food)

    320      10,259   

Windstream Corp. (Telecommunications)

    1,040      10,026   

Wisconsin Energy Corp. (Electric)

    320      13,974   

Wyndham Worldwide Corp. (Lodging)

    400      6,820   

Xcel Energy, Inc. (Electric)

    1,120      21,101   

Xerox Corp. (Office/Business Equipment)

    2,080      15,642   

Xilinx, Inc. (Semiconductors)

    320      6,960   

XL Capital, Ltd. - Class A (Insurance)

    800      13,128   

Zions Bancorp (Banks)

    240      3,398   
           

TOTAL COMMON STOCKS
(Cost $7,951,685)

         10,389,956   
           

TOTAL INVESTMENT SECURITIES
(Cost $7,951,685)—100.6%

         10,389,956   

Net other assets (liabilities) — (0.6)%

         (61,192 ) 
           

NET ASSETS — 100.0%

       $ 10,328,764   
           

 

*

Non-income producing security

Large-Cap Value ProFund invested in the following industries as of October 31, 2009:

 

     Value     % of
Net Assets		  

Advertising

    $ 15,451      0.1 % 

Aerospace/Defense

      232,884      2.3 % 

Agriculture

      225,157      2.2 % 

Airlines

      9,408      0.1 % 

Apparel

      23,004      0.2 % 

Auto Manufacturers

      54,880      0.5 % 

Auto Parts & Equipment

      41,658      0.4 % 

Banks

      1,052,390      10.2 % 

Beverages

      140,374      1.4 % 

Biotechnology

      32,874      0.3 % 

Building Materials

      25,070      0.2 % 

Chemicals

      238,947      2.3 % 

Coal

      16,484      0.2 % 

Commercial Services

      309,906      3.0 % 

Computers

      283,250      2.7 % 

Cosmetics/Personal Care

      125,280      1.2 % 

Distribution/Wholesale

      21,494      0.2 % 

Diversified Financial Services

      806,417      7.8 % 

Electric

      739,582      7.2 % 

Electrical Components & Equipment

      33,154      0.3 % 

Electronics

      37,577      0.4 % 

Energy - Alternate Sources

      9,754      0.1 % 

Engineering & Construction

      17,427      0.2 % 

Entertainment

      18,887      0.2 % 

Environmental Control

      48,337      0.5 % 

Food

      281,433      2.7 % 

Forest Products & Paper

      62,293      0.6 % 

Gas

      31,778      0.3 % 

Hand/Machine Tools

      13,082      0.1 % 

Healthcare - Products

      86,491      0.8 % 

Healthcare - Services

      67,963      0.7 % 

Holding Companies - Diversified

      3,595      NM   

Home Builders

      14,031      0.1 % 

Home Furnishings

      14,463      0.1 % 

Household Products/Wares

      67,554      0.7 % 

Housewares

      9,286      0.1 % 

Insurance

      469,244      4.5 % 

Internet

      30,342      0.3 % 

Iron/Steel

      17,315      0.2 % 

Leisure Time

      36,266      0.4 % 

Lodging

      26,783      0.3 % 

Machinery - Diversified

      40,824      0.4 % 

Media

      389,750      3.8 % 

Metal Fabricate/Hardware

      15,261      0.1 % 

Mining

      61,099      0.6 % 

Miscellaneous Manufacturing

      539,718      5.2 % 

Office/Business Equipment

      19,562      0.2 % 

Oil & Gas

      205,860      2.0 % 

Oil & Gas Services

      46,774      0.5 % 

Packaging & Containers

      23,172      0.2 % 

Pharmaceuticals

      1,042,732      10.1 % 

Pipelines

      74,217      0.7 % 

REIT

      216,173      2.1 % 

Retail

      564,934      5.5 % 

Savings & Loans

      6,307      0.1 % 

Semiconductors

      261,455      2.5 % 

Software

      62,596      0.6 % 

Telecommunications

      749,316      7.3 % 

Textiles

      4,430      NM   

Toys/Games/Hobbies

      25,384      0.2 % 

Transportation

      248,827      2.4 % 

Other**

      (61,192 )    (0.6 )% 
              

Total

    $ 10,328,764      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 Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Large-Cap Value ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    Total

Description

      

Investment Securities:

      

Common Stocks

    $ 10,389,956    $ 10,389,956
             

Total Investment Securities

    $ 10,389,956    $ 10,389,956
             

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Large-Cap Growth ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks (100.1%)

      

3M Co. (Miscellaneous Manufacturing)

    1,880    $ 138,312

Abbott Laboratories (Pharmaceuticals)

    2,068      104,579

Abercrombie & Fitch Co. - Class A (Retail)

    188      6,170

Adobe Systems, Inc.* (Software)

    1,410      46,445

Advanced Micro Devices, Inc.* (Semiconductors)

    564      2,594

Aetna, Inc. (Healthcare - Services)

    564      14,681

Affiliated Computer Services, Inc. - Class A* (Computers)

    188      9,793

AFLAC, Inc. (Insurance)

    658      27,300

Agilent Technologies, Inc.* (Electronics)

    940      23,256

Airgas, Inc. (Chemicals)

    94      4,170

Akamai Technologies, Inc.* (Internet)

    470      10,340

Allegheny Technologies, Inc. (Iron/Steel)

    188      5,802

Allergan, Inc. (Pharmaceuticals)

    376      21,150

Altera Corp. (Semiconductors)

    752      14,882

Amazon.com, Inc.* (Internet)

    846      100,513

American Express Co. (Diversified Financial Services)

    2,162      75,324

American Tower Corp.* (Telecommunications)

    282      10,383

Amgen, Inc.* (Biotechnology)

    2,726      146,468

Amphenol Corp. - Class A (Electronics)

    470      18,856

Anadarko Petroleum Corp. (Oil & Gas)

    1,316      80,184

AON Corp. (Insurance)

    282      10,860

Apache Corp. (Oil & Gas)

    940      88,473

Apollo Group, Inc. - Class A* (Commercial Services)

    282      16,102

Apple Computer, Inc.* (Computers)

    2,350      442,975

Applied Materials, Inc. (Semiconductors)

    2,538      30,964

Autodesk, Inc.* (Software)

    564      14,061

Automatic Data Processing, Inc. (Software)

    658      26,188

AutoZone, Inc.* (Retail)

    94      12,719

Avon Products, Inc. (Cosmetics/Personal Care)

    1,128      36,152

Baker Hughes, Inc. (Oil & Gas Services)

    846      35,591

Ball Corp. (Packaging & Containers)

    282      13,911

Bard (C.R.), Inc. (Healthcare - Products)

    188      14,113

Baxter International, Inc. (Healthcare - Products)

    846      45,735

Becton, Dickinson & Co. (Healthcare - Products)

    376      25,703

Bed Bath & Beyond, Inc.* (Retail)

    658      23,168

Best Buy Co., Inc. (Retail)

    564      21,534

Big Lots, Inc.* (Retail)

    94      2,355

Biogen Idec, Inc.* (Biotechnology)

    752      31,682

BJ Services Co. (Oil & Gas Services)

    752      14,438

Black & Decker Corp. (Hand/Machine Tools)

    188      8,877

BMC Software, Inc.* (Software)

    470      17,465

Boeing Co. (Aerospace/Defense)

    940      44,932

Boston Scientific Corp.* (Healthcare - Products)

    1,504      12,212

Broadcom Corp. - Class A* (Semiconductors)

    470      12,507

Brown-Forman Corp. (Beverages)

    188      9,176

Burlington Northern Santa Fe Corp. (Transportation)

    376      28,320

C.H. Robinson Worldwide, Inc. (Transportation)

    470      25,902

CA, Inc. (Software)

    658      13,765

Cabot Oil & Gas Corp. (Oil & Gas)

    282      10,849

Cameron International Corp.* (Oil & Gas Services)

    564      20,851

Campbell Soup Co. (Food)

    564      17,907

CareFusion Corp.* (Healthcare - Products)

    188      4,206

Caterpillar, Inc. (Machinery - Construction & Mining)

    1,598      87,986

CB Richard Ellis Group, Inc. - Class A* (Real Estate)

    658      6,810

Celgene Corp.* (Biotechnology)

    1,222      62,383

Cephalon, Inc.* (Pharmaceuticals)

    94      5,131

CF Industries Holdings, Inc. (Chemicals)

    94      7,826

Chesapeake Energy Corp. (Oil & Gas)

    1,692      41,454

Chevron Corp. (Oil & Gas)

    5,358      410,101

Chubb Corp. (Insurance)

    470      22,804

Cintas Corp. (Textiles)

    188      5,206

Cisco Systems, Inc.* (Telecommunications)

    15,416      352,256

Citrix Systems, Inc.* (Software)

    282      10,366

CME Group, Inc. (Diversified Financial Services)

    188      56,891

Coach, Inc. (Apparel)

    846      27,893

Coca-Cola Co. (Beverages)

    4,324      230,512

Cognizant Technology Solutions Corp.* (Computers)

    752      29,065

Colgate-Palmolive Co. (Cosmetics/Personal Care)

    1,316      103,477

Comcast Corp. - Class A (Media)

    3,196      46,342

Compuware Corp.* (Software)

    658      4,645

ConocoPhillips (Oil & Gas)

    2,538      127,357

CONSOL Energy, Inc. (Coal)

    470      20,121

Constellation Brands, Inc.* (Beverages)

    188      2,974

Costco Wholesale Corp. (Retail)

    470      26,720

Coventry Health Care, Inc.* (Healthcare - Services)

    282      5,592

Cummins, Inc. (Machinery - Diversified)

    376      16,191

CVS Corp. (Retail)

    2,068      73,000

D.R. Horton, Inc. (Home Builders)

    282      3,091

Danaher Corp. (Miscellaneous Manufacturing)

    658      44,895

DaVita, Inc.* (Healthcare - Services)

    282      14,954

Dean Foods Co.* (Food)

    282      5,141

Deere & Co. (Machinery - Diversified)

    658      29,972

Dell, Inc.* (Computers)

    4,606      66,741

Denbury Resources, Inc.* (Oil & Gas)

    658      9,607

DENTSPLY International, Inc. (Healthcare - Products)

    188      6,196

Devon Energy Corp. (Oil & Gas)

    1,222      79,076

DeVry, Inc. (Commercial Services)

    94      5,197

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Large-Cap Growth ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Diamond Offshore Drilling, Inc. (Oil & Gas)

    94    $ 8,954

DIRECTV Group, Inc.* (Media)

    564      14,833

Discover Financial Services (Diversified Financial Services)

    752      10,633

Dr. Pepper Snapple Group, Inc.* (Beverages)

    376      10,250

Dun & Bradstreet Corp. (Software)

    188      14,393

E* TRADE Financial Corp.* (Diversified Financial Services)

    1,316      1,921

eBay, Inc.* (Internet)

    2,914      64,895

Ecolab, Inc. (Chemicals)

    658      28,926

Electronic Arts, Inc.* (Software)

    376      6,858

EMC Corp.* (Computers)

    3,572      58,831

Emerson Electric Co. (Electrical Components & Equipment)

    1,222      46,130

Ensco International, Inc. (Oil & Gas)

    376      17,217

EOG Resources, Inc. (Oil & Gas)

    658      53,732

EQT Corp. (Oil & Gas)

    188      7,870

Equifax, Inc. (Commercial Services)

    376      10,295

Expedia, Inc.* (Internet)

    282      6,393

Expeditors International of Washington, Inc. (Transportation)

    564      18,172

Express Scripts, Inc.* (Pharmaceuticals)

    752      60,100

Exxon Mobil Corp. (Oil & Gas)

    12,784      916,229

Family Dollar Stores, Inc. (Retail)

    188      5,320

Fastenal Co. (Distribution/Wholesale)

    376      12,972

Federated Investors, Inc. - Class B (Diversified Financial Services)

    188      4,935

FedEx Corp. (Transportation)

    470      34,164

First Horizon National Corp.* (Banks)

    283      3,351

First Solar, Inc.* (Energy - Alternate Sources)

    94      11,461

Fiserv, Inc.* (Software)

    376      17,247

FLIR Systems, Inc.* (Electronics)

    376      10,457

Fluor Corp. (Engineering & Construction)

    282      12,526

FMC Corp. (Chemicals)

    188      9,607

FMC Technologies, Inc.* (Oil & Gas Services)

    376      19,778

Forest Laboratories, Inc.* (Pharmaceuticals)

    846      23,409

Franklin Resources, Inc. (Diversified Financial Services)

    376      39,341

Freeport-McMoRan Copper & Gold, Inc. - Class B* (Mining)

    1,128      82,750

GameStop Corp. - Class A* (Retail)

    470      11,416

General Dynamics Corp. (Aerospace/Defense)

    564      35,363

General Mills, Inc. (Food)

    470      30,982

Genzyme Corp.* (Biotechnology)

    376      19,026

Gilead Sciences, Inc.* (Pharmaceuticals)

    1,598      67,995

Google, Inc. - Class A* (Internet)

    658      352,767

Halliburton Co. (Oil & Gas Services)

    1,222      35,695

Harley-Davidson, Inc. (Leisure Time)

    376      9,370

Harman International Industries, Inc. (Home Furnishings)

    94      3,535

Harris Corp. (Telecommunications)

    376      15,687

Heinz (H.J.) Co. (Food)

    470      18,913

Hess Corp. (Oil & Gas)

    752      41,164

Hewlett-Packard Co. (Computers)

    4,136      196,295

Home Depot, Inc. (Retail)

    2,820      70,754

Hormel Foods Corp. (Food)

    94      3,427

Hospira, Inc.* (Pharmaceuticals)

    188      8,392

Hudson City Bancorp, Inc. (Savings & Loans)

    846      11,116

Humana, Inc.* (Healthcare - Services)

    282      10,598

Illinois Tool Works, Inc. (Miscellaneous Manufacturing)

    564      25,899

IMS Health, Inc. (Software)

    470      7,703

Intel Corp. (Semiconductors)

    7,144      136,522

IntercontinentalExchange, Inc.* (Diversified Financial Services)

    188      18,836

International Business Machines Corp. (Computers)

    2,538      306,108

International Flavors & Fragrances, Inc. (Chemicals)

    94      3,580

Intuit, Inc.* (Software)

    846      24,593

Intuitive Surgical, Inc.* (Healthcare - Products)

    94      23,157

Iron Mountain, Inc.* (Commercial Services)

    282      6,889

ITT Industries, Inc. (Miscellaneous Manufacturing)

    282      14,297

Jacobs Engineering Group, Inc.* (Engineering & Construction)

    188      7,951

Johnson & Johnson (Healthcare - Products)

    7,332      432,955

Juniper Networks, Inc.* (Telecommunications)

    564      14,388

KB Home (Home Builders)

    94      1,333

Kellogg Co. (Food)

    658      33,913

Kimberly-Clark Corp. (Household Products/Wares)

    658      40,243

King Pharmaceuticals, Inc.* (Pharmaceuticals)

    282      2,857

Kohls Corp.* (Retail)

    564      32,272

Kroger Co. (Food)

    658      15,220

L-3 Communications Holdings, Inc. (Aerospace/Defense)

    188      13,591

Laboratory Corp. of America Holdings* (Healthcare - Services)

    282      19,427

Leucadia National Corp.* (Holding Companies - Diversified)

    282      6,337

Lexmark International, Inc. - Class A* (Computers)

    188      4,794

Life Technologies Corp.* (Biotechnology)

    188      8,868

Lockheed Martin Corp. (Aerospace/Defense)

    846      58,196

Loews Corp. (Insurance)

    376      12,446

Lowe’s Cos., Inc. (Retail)

    2,820      55,187

LSI Logic Corp.* (Semiconductors)

    658      3,369

Marathon Oil Corp. (Oil & Gas)

    1,128      36,062

Marriott International, Inc. - Class A (Lodging)

    564      14,134

MasterCard, Inc. - Class A (Software)

    188      41,176

MBIA, Inc.* (Insurance)

    188      763

McAfee, Inc.* (Internet)

    188      7,873

McCormick & Co., Inc. (Food)

    188      6,582

McDonald’s Corp. (Retail)

    1,504      88,149

McGraw-Hill Cos., Inc. (Media)

    846      24,348

Medco Health Solutions, Inc.* (Pharmaceuticals)

    470      26,376

Medtronic, Inc. (Healthcare - Products)

    3,008      107,386

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Large-Cap Growth ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

MEMC Electronic Materials, Inc.* (Semiconductors)

    564    $ 7,005

MetroPCS Communications, Inc.* (Telecommunications)

    282      1,757

Microsoft Corp. (Software)

    20,492      568,243

Millipore Corp.* (Biotechnology)

    94      6,299

Monsanto Co. (Agriculture)

    846      56,834

Monster Worldwide, Inc.* (Internet)

    94      1,365

Moody’s Corp. (Commercial Services)

    188      4,452

Motorola, Inc. (Telecommunications)

    6,110      52,363

Murphy Oil Corp. (Oil & Gas)

    470      28,736

Mylan Laboratories, Inc.* (Pharmaceuticals)

    470      7,633

Nabors Industries, Ltd.* (Oil & Gas)

    752      15,664

NASDAQ Stock Market, Inc.* (Diversified Financial Services)

    188      3,395

National Semiconductor Corp. (Semiconductors)

    564      7,298

National-Oilwell Varco, Inc.* (Oil & Gas Services)

    658      26,971

NetApp, Inc.* (Computers)

    846      22,884

Newmont Mining Corp. (Mining)

    470      20,426

NIKE, Inc. - Class B (Apparel)

    1,034      64,294

Noble Energy, Inc. (Oil & Gas)

    282      18,508

Nordstrom, Inc. (Retail)

    282      8,962

Norfolk Southern Corp. (Transportation)

    470      21,911

Northern Trust Corp. (Banks)

    282      14,171

Novell, Inc.* (Software)

    470      1,922

Novellus Systems, Inc.* (Semiconductors)

    94      1,935

Nucor Corp. (Iron/Steel)

    846      33,713

NVIDIA Corp.* (Semiconductors)

    940      11,242

NYSE Euronext (Diversified Financial Services)

    658      17,009

O’Reilly Automotive, Inc.* (Retail)

    188      7,009

Occidental Petroleum Corp. (Oil & Gas)

    1,504      114,124

Omnicom Group, Inc. (Advertising)

    564      19,334

Oracle Corp. (Software)

    10,340      218,174

Owens-Illinois, Inc.* (Packaging & Containers)

    94      2,997

PACCAR, Inc. (Auto Manufacturers)

    940      35,165

Pactiv Corp.* (Packaging & Containers)

    188      4,341

Pall Corp. (Miscellaneous Manufacturing)

    188      5,967

Parker Hannifin Corp. (Miscellaneous Manufacturing)

    282      14,935

Patterson Cos., Inc.* (Healthcare - Products)

    282      7,199

Paychex, Inc. (Commercial Services)

    846      24,035

Peabody Energy Corp. (Coal)

    470      18,607

PepsiCo, Inc. (Beverages)

    4,136      250,435

Pioneer Natural Resources Co. (Oil & Gas)

    188      7,729

Pitney Bowes, Inc. (Office/Business Equipment)

    376      9,212

Polo Ralph Lauren Corp. (Apparel)

    94      6,995

Praxair, Inc. (Chemicals)

    564      44,804

Precision Castparts Corp. (Metal Fabricate/Hardware)

    188      17,931

Procter & Gamble Co. (Cosmetics/Personal Care)

    5,452      316,216

Progressive Corp.* (Insurance)

    1,786      28,576

Pulte Homes, Inc. (Home Builders)

    282      2,541

QLogic Corp.* (Semiconductors)

    188      3,298

Qualcomm, Inc. (Telecommunications)

    4,418      182,949

Quanta Services, Inc.* (Commercial Services)

    188      3,986

Quest Diagnostics, Inc. (Healthcare - Services)

    282      15,772

Questar Corp. (Pipelines)

    470      18,725

RadioShack Corp. (Retail)

    188      3,175

Range Resources Corp. (Oil & Gas)

    376      18,819

Red Hat, Inc.* (Software)

    470      12,131

Republic Services, Inc. (Environmental Control)

    470      12,178

Robert Half International, Inc. (Commercial Services)

    376      8,723

Rockwell Automation, Inc. (Machinery - Diversified)

    376      15,397

Rockwell Collins, Inc. (Aerospace/Defense)

    470      23,679

Salesforce.com, Inc.* (Software)

    282      16,004

SanDisk Corp.* (Computers)

    564      11,551

Schlumberger, Ltd. (Oil & Gas Services)

    3,196      198,791

Scripps Networks Interactive - Class A (Entertainment)

    94      3,549

Sealed Air Corp. (Packaging & Containers)

    282      5,423

Sears Holdings Corp.* (Retail)

    188      12,758

Sherwin-Williams Co. (Chemicals)

    282      16,085

Sigma-Aldrich Corp. (Chemicals)

    188      9,763

SLM Corp.* (Diversified Financial Services)

    1,222      11,853

Smith International, Inc. (Oil & Gas Services)

    564      15,640

Southwest Airlines Co. (Airlines)

    752      6,317

Southwestern Energy Co.* (Oil & Gas)

    564      24,579

Sprint Nextel Corp.* (Telecommunications)

    2,726      8,069

St. Jude Medical, Inc.* (Healthcare - Products)

    940      32,035

Staples, Inc. (Retail)

    1,034      22,438

Starbucks Corp.* (Retail)

    1,974      37,467

State Street Corp. (Banks)

    564      23,677

Stericycle, Inc.* (Environmental Control)

    94      4,923

Stryker Corp. (Healthcare - Products)

    658      30,268

Sunoco, Inc. (Oil & Gas)

    282      8,686

Symantec Corp.* (Internet)

    1,222      21,483

Sysco Corp. (Food)

    1,598      42,267

T. Rowe Price Group, Inc. (Diversified Financial Services)

    470      22,903

Target Corp. (Retail)

    1,034      50,077

Tellabs, Inc.* (Telecommunications)

    376      2,264

Teradata Corp.* (Computers)

    188      5,241

Texas Instruments, Inc. (Semiconductors)

    3,384      79,355

The Charles Schwab Corp. (Diversified Financial Services)

    1,692      29,339

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Large-Cap Growth ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value  

Common Stocks, continued

      

The Estee Lauder Cos., Inc. - Class A (Cosmetics/Personal Care)

      282    $ 11,985   

The Gap, Inc. (Retail)

      564      12,036   

The Goldman Sachs Group, Inc. (Diversified Financial Services)

      1,316      223,944   

The Hershey Co. (Food)

      470      17,761   

The Pepsi Bottling Group, Inc. (Beverages)

      188      7,039   

Thermo Fisher Scientific, Inc.* (Electronics)

      470      21,150   

Time Warner Cable, Inc. (Media)

      376      14,829   

Titanium Metals Corp. (Mining)

      188      1,617   

TJX Cos., Inc. (Retail)

      1,128      42,131   

Torchmark Corp. (Insurance)

      94      3,816   

Total System Services, Inc. (Software)

      564      9,007   

United Parcel Service, Inc. - Class B (Transportation)

      1,504      80,735   

United Technologies Corp. (Aerospace/Defense)

      1,410      86,644   

UnitedHealth Group, Inc. (Healthcare - Services)

      3,196      82,936   

Varian Medical Systems, Inc.* (Healthcare - Products)

      376      15,408   

Ventas, Inc. (REIT)

      188      7,544   

VeriSign, Inc.* (Internet)

      470      10,721   

Viacom, Inc. - Class B* (Media)

      1,598      44,089   

W.W. Grainger, Inc. (Distribution/Wholesale)

      94      8,811   

Wal-Mart Stores, Inc. (Retail)

      3,572      177,457   

Walgreen Co. (Retail)

      1,504      56,896   

Walt Disney Co. (Media)

      1,974      54,028   

Waters Corp.* (Electronics)

      282      16,195   

Watson Pharmaceuticals, Inc.* (Pharmaceuticals)

      94      3,235   

WellPoint, Inc.* (Healthcare - Services)

      564      26,373   

Western Digital Corp.* (Computers)

      564      18,996   

Western Union Co. (Commercial Services)

      1,880      34,160   

Wynn Resorts, Ltd.* (Lodging)

      188      10,193   

Xilinx, Inc. (Semiconductors)

      470      10,223   

XTO Energy, Inc. (Oil & Gas)

      1,504      62,506   

Yahoo!, Inc.* (Internet)

      3,196      50,816   

YUM! Brands, Inc. (Retail)

      1,222      40,265   

Zimmer Holdings, Inc.* (Healthcare - Products)

      564      29,649   
           

TOTAL COMMON STOCKS
(Cost $9,326,196)

         12,859,243   
           
     Principal
Amount		       

Repurchase Agreements (0.5%)

      

Bank of America, 0.02%, 11/2/09, dated 10/30/09, with a repurchase price of $17,000 (Collateralized by $16,500 U.S. Treasury Note, 3.75%, 11/15/18, market value $17,396)

    $ 17,000      17,000   

Deutsche Bank, 0.01%, 11/2/09, dated 10/30/09, with a repurchase price of $11,000 (Collateralized by $12,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $11,993)

      11,000      11,000   

HSBC, 0.02%, 11/2/09, dated 10/30/09, with a repurchase price of $21,000 (Collateralized by $20,000 Federal National Mortgage Association, 6.00%, 5/15/11, market value $22,145)

      21,000      21,000   

UMB, 0.02%, 11/2/09, dated 10/30/09, with a repurchase price of $9,000 (Collateralized by $10,000 Federal Farm Credit Bank, 4.00%, 3/6/13, market value $10,182)

      9,000      9,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $58,000)

         58,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $9,384,196)—100.6%

         12,917,243   

Net other assets (liabilities) — (0.6)%

         (74,783 ) 
           

NET ASSETS — 100.0%

       $ 12,842,460   
           

 

*

Non-income producing security

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

Large-Cap Growth ProFund invested in the following industries as of October 31, 2009:

 

     Value    % of
Net Assets		  

Advertising

    $ 19,334    0.2 % 

Aerospace/Defense

      262,405    2.0 % 

Agriculture

      56,834    0.4 % 

Airlines

      6,317    NM % 

Apparel

      99,182    0.8 % 

Auto Manufacturers

      35,165    0.3 % 

Banks

      41,199    0.3 % 

Beverages

      510,386    4.0 % 

Biotechnology

      274,726    2.1 % 

Chemicals

      124,761    1.0 % 

Coal

      38,728    0.3 % 

Commercial Services

      113,839    0.9 % 

Computers

      1,173,274    9.1 % 

Cosmetics/Personal Care

      467,830    3.6 % 

Distribution/Wholesale

      21,783    0.2 % 

Diversified Financial Services

      516,324    4.0 % 

Electrical Components & Equipment

      46,130    0.4 % 

Electronics

      89,914    0.7 % 

Energy - Alternate Sources

      11,461    0.1 % 

Engineering & Construction

      20,477    0.2 % 

Entertainment

      3,549    NM   

Environmental Control

      17,101    0.1 % 

Food

      192,113    1.5 % 

Hand/Machine Tools

      8,877    0.1 % 

Healthcare - Products

      786,222    6.1 % 

Healthcare - Services

      190,333    1.5 % 

Holding Companies - Diversified

      6,337    NM % 

Home Builders

      6,965    0.1   

Home Furnishings

      3,535    NM   

Household Products/Wares

      40,243    0.3 % 

Insurance

      106,565    0.8 % 

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Large-Cap Growth ProFund    October 31, 2009
(unaudited)   

 

Internet

      627,166      4.9 % 

Iron/Steel

      39,515      0.3 % 

Leisure Time

      9,370      0.1 % 

Lodging

      24,327      0.2 % 

Machinery - Construction & Mining

      87,986      0.7 % 

Machinery - Diversified

      61,560      0.5 % 

Media

      198,469      1.5 % 

Metal Fabricate/Hardware

      17,931      0.1 % 

Mining

      104,793      0.8 % 

Miscellaneous Manufacturing

      244,305      1.9 % 

Office/Business Equipment

      9,212      0.1 % 

Oil & Gas

      2,227,680      17.4 % 

Oil & Gas Services

      367,755      2.9 % 

Packaging & Containers

      26,672      0.2 % 

Pharmaceuticals

      330,857      2.6 % 

Pipelines

      18,725      0.1 % 

REIT

      7,544      0.1 % 

Real Estate

      6,810      0.1 % 

Retail

      899,435      7.0 % 

Savings & Loans

      11,116      0.1 % 

Semiconductors

      321,194      2.5 % 

Software

      1,070,386      8.3 % 

Telecommunications

      640,116      5.0 % 

Textiles

      5,206      NM   

Transportation

      209,204      1.6 % 

Other**

      (16,783 )    (0.1 )% 
              

Total

    $ 12,842,460      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 Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Large-Cap Growth ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2    Total

Description

         

Investment Securities:

         

Common Stocks

    $ 12,859,243    $ —      $ 12,859,243

Repurchase Agreements

      —        58,000      58,000
                    

Total Investment Securities

    $ 12,859,243    $ 58,000    $ 12,917,243
                    

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Mid-Cap Value ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks (101.8%)

      

3Com Corp.* (Telecommunications)

    10,530    $ 54,124

99 Cents Only Stores* (Retail)

    1,040      11,825

Aaron’s, Inc. (Commercial Services)

    650      16,283

Acxiom Corp.* (Software)

    1,430      16,416

ADC Telecommunications, Inc.* (Telecommunications)

    1,300      8,437

ADTRAN, Inc. (Telecommunications)

    910      20,966

Advent Software, Inc.* (Software)

    390      14,906

Aecom Technology Corp.* (Engineering & Construction)

    2,340      59,062

Affymetrix, Inc.* (Biotechnology)

    2,600      13,598

AGCO Corp.* (Machinery - Diversified)

    2,080      58,469

AGL Resources, Inc. (Gas)

    2,730      95,441

AirTran Holdings, Inc.* (Airlines)

    4,290      18,147

Albemarle Corp. (Chemicals)

    1,170      36,949

Alberto-Culver Co. (Cosmetics/Personal Care)

    1,950      52,299

Alexander & Baldwin, Inc. (Transportation)

    1,430      41,227

Alexandria Real Estate Equities, Inc. (REIT)

    1,430      77,463

Alliant Energy Corp. (Electric)

    4,030      107,037

AMB Property Corp. (REIT)

    2,860      62,863

American Eagle Outfitters, Inc. (Retail)

    2,470      43,200

American Financial Group, Inc. (Insurance)

    2,730      67,158

American Greetings Corp. - Class A (Household Products/Wares)

    1,430      29,086

AmeriCredit Corp.* (Diversified Financial Services)

    2,080      36,712

AnnTaylor Stores Corp.* (Retail)

    2,080      26,978

Apollo Investment Corp. (Investment Companies)

    5,850      52,650

AptarGroup, Inc. (Miscellaneous Manufacturing)

    1,170      41,313

Aqua America, Inc. (Water)

    2,860      44,187

Arch Coal, Inc. (Coal)

    2,860      61,948

Arrow Electronics, Inc.* (Electronics)

    4,290      108,709

Arthur J. Gallagher & Co. (Insurance)

    3,640      81,208

Ashland, Inc. (Chemicals)

    2,600      89,804

Associated Banc-Corp (Banks)

    4,550      58,285

Astoria Financial Corp. (Savings & Loans)

    2,990      29,840

Atmel Corp.* (Semiconductors)

    11,180      41,590

Atmos Energy Corp. (Gas)

    3,250      90,512

Avnet, Inc.* (Electronics)

    5,460      135,299

Avocent Corp.* (Internet)

    780      19,399

BancorpSouth, Inc. (Banks)

    2,600      58,708

Bank of Hawaii Corp. (Banks)

    780      34,632

Barnes & Noble, Inc. (Retail)

    1,300      21,593

BE Aerospace, Inc.* (Aerospace/Defense)

    3,640      64,537

Beckman Coulter, Inc. (Healthcare - Products)

    1,300      83,629

Bill Barrett Corp.* (Oil & Gas)

    1,040      32,219

Bio-Rad Laboratories, Inc. - Class A* (Biotechnology)

    390      34,862

BJ’s Wholesale Club, Inc.* (Retail)

    1,040      36,431

Black Hills Corp. (Electric)

    1,430      34,849

Blyth, Inc. (Household Products/Wares)

    260      9,212

Bob Evans Farms, Inc. (Retail)

    1,040      27,321

BorgWarner, Inc. (Auto Parts & Equipment)

    2,210      67,007

Boyd Gaming Corp.* (Lodging)

    1,950      14,352

BRE Properties, Inc. - Class A (REIT)

    1,820      49,559

Brink’s Home Security Holdings, Inc.* (Commercial Services)

    1,430      44,301

Brinker International, Inc. (Retail)

    3,640      46,010

Broadridge Financial Solutions, Inc. (Software)

    1,820      37,874

Cabot Corp. (Chemicals)

    2,340      51,316

Cadence Design Systems, Inc.* (Computers)

    9,490      57,984

Callaway Golf Co. (Leisure Time)

    2,340      16,006

Camden Property Trust (REIT)

    2,340      84,825

Carlisle Cos., Inc. (Miscellaneous Manufacturing)

    1,300      40,352

Carmax, Inc.* (Retail)

    7,930      155,983

Carpenter Technology Corp. (Iron/Steel)

    650      13,670

Cathay Bancorp, Inc. (Banks)

    780      6,887

Charles River Laboratories International, Inc.* (Biotechnology)

    1,430      52,224

Cheesecake Factory, Inc.* (Retail)

    910      16,544

Cimarex Energy Co. (Oil & Gas)

    1,170      45,817

Cincinnati Bell, Inc.* (Telecommunications)

    7,670      23,624

City National Corp. (Banks)

    1,560      58,765

Cleco Corp. (Electric)

    2,210      54,697

Coldwater Creek, Inc.* (Retail)

    910      5,233

Collective Brands, Inc.* (Retail)

    2,340      43,407

Commerce Bancshares, Inc. (Banks)

    1,300      49,868

Commercial Metals Co. (Metal Fabricate/Hardware)

    1,690      25,080

Community Health Systems, Inc.* (Healthcare - Services)

    1,820      56,930

Corinthian Colleges, Inc.* (Commercial Services)

    1,300      20,618

Corn Products International, Inc. (Food)

    2,730      76,931

Corporate Office Properties Trust (REIT)

    1,690      56,091

Corrections Corp. of America* (Commercial Services)

    2,470      59,132

Cousins Properties, Inc. (REIT)

    3,250      23,790

Covance, Inc.* (Healthcare - Services)

    910      47,029

Crane Co. (Miscellaneous Manufacturing)

    1,690      47,067

Cullen/Frost Bankers, Inc. (Banks)

    1,170      54,744

Cytec Industries, Inc. (Chemicals)

    1,690      56,057

Deluxe Corp. (Commercial Services)

    1,820      25,899

Diebold, Inc. (Computers)

    2,340      70,762

DPL, Inc. (Electric)

    4,160      105,414

Duke-Weeks Realty Corp. (REIT)

    8,060      90,594

Dycom Industries, Inc.* (Engineering & Construction)

    780      7,706

Edwards Lifesciences Corp.* (Healthcare - Products)

    780      60,013

Energen Corp. (Gas)

    910      39,931

Equinix, Inc.* (Internet)

    1,040      88,733

Equity One, Inc. (REIT)

    1,300      19,396

Essex Property Trust, Inc. (REIT)

    1,040      78,187

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Mid-Cap Value ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Everest Re Group, Ltd. (Insurance)

    2,210    $ 193,353

Exterran Holdings, Inc.* (Oil & Gas Services)

    2,210      45,150

Fair Isaac Corp. (Software)

    650      13,215

Fairchild Semiconductor International, Inc.* (Semiconductors)

    4,420      33,062

Federal Realty Investment Trust (REIT)

    2,080      122,782

Federal Signal Corp. (Miscellaneous Manufacturing)

    1,690      10,377

Fidelity National Title Group, Inc. - Class A (Insurance)

    8,190      111,138

First American Financial Corp. (Insurance)

    3,380      102,718

First Niagara Financial Group, Inc. (Savings & Loans)

    6,630      85,129

FirstMerit Corp. (Banks)

    2,990      56,660

Flowers Foods, Inc. (Food)

    1,560      36,442

Foot Locker, Inc. (Retail)

    5,590      58,583

Forest Oil Corp.* (Oil & Gas)

    4,030      78,988

Fulton Financial Corp. (Banks)

    6,240      51,542

GATX Corp. (Trucking & Leasing)

    1,690      45,934

Gentex Corp. (Electronics)

    4,940      79,089

Granite Construction, Inc. (Engineering & Construction)

    520      14,851

Great Plains Energy, Inc. (Electric)

    4,810      83,213

Greif, Inc. - Class A (Packaging & Containers)

    1,170      62,618

Hanesbrands, Inc.* (Apparel)

    1,950      42,159

Harsco Corp. (Miscellaneous Manufacturing)

    1,690      53,218

Harte-Hanks, Inc. (Advertising)

    1,430      16,788

Hawaiian Electric Industries, Inc. (Electric)

    3,250      58,012

Health Management Associates, Inc. - Class A* (Healthcare - Services)

    3,510      21,411

Health Net, Inc.* (Healthcare - Services)

    3,770      56,211

Henry Schein, Inc.* (Healthcare - Products)

    1,300      68,679

Hewitt Associates, Inc.* (Commercial Services)

    1,950      69,264

Highwoods Properties, Inc. (REIT)

    2,600      71,552

Hill-Rom Holdings, Inc. (Healthcare - Products)

    2,210      43,294

HNI Corp. (Office Furnishings)

    1,560      41,059

Horace Mann Educators Corp. (Insurance)

    1,430      17,775

Hospitality Properties Trust (REIT)

    4,290      82,840

Hubbell, Inc. - Class B (Electrical Components & Equipment)

    2,080      88,462

IDACORP, Inc. (Electric)

    1,690      47,472

IDEX Corp. (Machinery - Diversified)

    1,560      44,351

Imation Corp. (Computers)

    1,040      9,173

Informatica Corp.* (Software)

    1,950      41,399

Ingram Micro, Inc. - Class A* (Distribution/Wholesale)

    5,850      103,252

Integrated Device Technology, Inc.* (Semiconductors)

    5,980      35,162

International Bancshares Corp. (Banks)

    780      11,583

International Rectifier Corp.* (Semiconductors)

    1,560      28,517

International Speedway Corp. (Entertainment)

    520      13,265

Intersil Corp. - Class A (Semiconductors)

    4,420      55,471

Itron, Inc.* (Electronics)

    780      46,831

Jack Henry & Associates, Inc. (Computers)

    1,170      26,992

Jefferies Group, Inc.* (Diversified Financial Services)

    1,950      50,895

JetBlue Airways Corp.* (Airlines)

    7,540      37,398

Kansas City Southern Industries, Inc.* (Transportation)

    1,430      34,649

KBR, Inc. (Engineering & Construction)

    5,720      117,088

Kelly Services, Inc. - Class A (Commercial Services)

    1,040      11,523

Kennametal, Inc. (Hand/Machine Tools)

    2,860      67,382

Kindred Healthcare, Inc.* (Healthcare - Services)

    1,430      21,021

Kirby Corp.* (Transportation)

    780      26,364

Lancaster Colony Corp. (Miscellaneous Manufacturing)

    650      31,577

Lender Processing Services, Inc. (Diversified Financial Services)

    1,040      41,392

Lennox International, Inc. (Building Materials)

    1,690      56,902

Liberty Property Trust (REIT)

    4,030      118,361

Life Time Fitness, Inc.* (Leisure Time)

    780      16,809

LifePoint Hospitals, Inc.* (Healthcare - Services)

    780      22,097

LKQ Corp.* (Distribution/Wholesale)

    1,950      33,677

Louisiana-Pacific Corp.* (Forest Products & Paper)

    3,640      19,110

Lubrizol Corp. (Chemicals)

    2,470      164,403

M.D.C. Holdings, Inc. (Home Builders)

    650      21,203

Mack-Cali Realty Corp. (REIT)

    2,860      88,517

Manpower, Inc. (Commercial Services)

    2,860      135,593

ManTech International Corp. - Class A* (Software)

    390      17,105

Mariner Energy, Inc.* (Oil & Gas)

    1,560      19,874

Martin Marietta Materials (Building Materials)

    780      64,990

Masimo Corp.* (Healthcare - Products)

    1,560      41,449

Matthews International Corp. - Class A (Miscellaneous Manufacturing)

    390      14,325

MDU Resources Group, Inc. (Electric)

    3,640      75,530

Medicis Pharmaceutical Corp. - Class A (Pharmaceuticals)

    1,300      27,521

Mentor Graphics Corp.* (Computers)

    2,340      17,082

Mercury General Corp. (Insurance)

    650      23,699

Mine Safety Appliances Co. (Environmental Control)

    520      13,255

Minerals Technologies, Inc. (Chemicals)

    390      19,211

Mohawk Industries, Inc.* (Textiles)

    1,950      83,518

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Mid-Cap Value ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

MPS Group, Inc.* (Commercial Services)

    2,080    $ 28,122

National Fuel Gas Co. (Pipelines)

    2,860      129,672

National Instruments Corp. (Computers)

    1,040      27,768

Nationwide Health Properties, Inc. (REIT)

    3,640      117,390

NBTY, Inc.* (Pharmaceuticals)

    780      28,400

NCR Corp.* (Computers)

    2,860      29,029

New York Community Bancorp (Savings & Loans)

    12,350      133,380

NewAlliance Bancshares, Inc. (Savings & Loans)

    2,860      31,689

Newfield Exploration Co.* (Oil & Gas)

    1,690      69,324

Nordson Corp. (Machinery - Diversified)

    520      27,440

NSTAR (Electric)

    3,770      116,681

NV Energy, Inc. (Electric)

    8,450      96,837

OGE Energy Corp. (Electric)

    3,510      116,602

Old Republic International Corp. (Insurance)

    8,580      91,634

Olin Corp. (Chemicals)

    1,040      15,881

OMEGA Healthcare Investors, Inc. (REIT)

    2,990      45,328

Omnicare, Inc. (Pharmaceuticals)

    1,820      39,439

ONEOK, Inc. (Gas)

    3,770      136,512

Oshkosh Truck Corp. (Auto Manufacturers)

    3,250      101,595

OSI Pharmaceuticals, Inc.* (Pharmaceuticals)

    780      25,132

Overseas Shipholding Group, Inc. (Transportation)

    390      15,308

Owens & Minor, Inc. (Distribution/Wholesale)

    1,560      63,788

Packaging Corp. of America (Packaging & Containers)

    3,640      66,539

PacWest Bancorp (Banks)

    910      15,452

Palm, Inc.* (Computers)

    3,640      42,260

Patriot Coal Corp.* (Coal)

    1,170      13,221

Pentair, Inc. (Miscellaneous Manufacturing)

    3,510      102,141

PepsiAmericas, Inc. (Beverages)

    1,950      57,018

Perrigo Co. (Pharmaceuticals)

    1,820      67,686

PetSmart, Inc. (Retail)

    1,690      39,766

Phillips-Van Heusen Corp. (Apparel)

    1,820      73,073

Plains Exploration & Production Co.* (Oil & Gas)

    1,820      48,230

PNM Resources, Inc. (Electric)

    3,120      33,446

Polycom, Inc.* (Telecommunications)

    1,300      27,911

Potlatch Corp. (Forest Products & Paper)

    650      18,142

Pride International, Inc.* (Oil & Gas)

    3,120      92,227

Protective Life Corp. (Insurance)

    3,120      60,060

Psychiatric Solutions, Inc.* (Healthcare - Services)

    780      16,099

Ralcorp Holdings, Inc.* (Food)

    910      48,867

Raymond James Financial Corp. (Diversified Financial Services)

    1,820      42,970

Rayonier, Inc. (Forest Products & Paper)

    2,860      110,339

Realty Income Corp. (REIT)

    3,770      87,389

Regency Centers Corp. (REIT)

    2,860      95,953

Regis Corp. (Retail)

    2,080      33,779

Reinsurance Group of America, Inc. (Insurance)

    1,300      59,930

Rent-A-Center, Inc.* (Commercial Services)

    2,340      42,962

RF Micro Devices, Inc.* (Telecommunications)

    9,490      37,770

Rovi Corp.* (Semiconductors)

    1,430      39,397

RPM, Inc. (Chemicals)

    4,550      80,171

Ruddick Corp. (Food)

    1,430      38,210

SAIC, Inc.* (Commercial Services)

    4,420      78,278

Saks, Inc.* (Retail)

    5,200      29,172

Scholastic Corp. (Media)

    910      22,632

Scientific Games Corp. - Class A* (Entertainment)

    1,170      16,462

Semtech Corp.* (Semiconductors)

    1,170      18,100

Sensient Technologies Corp. (Chemicals)

    1,690      42,740

Service Corp. International (Commercial Services)

    8,970      61,624

Shaw Group, Inc.* (Engineering & Construction)

    2,990      76,723

SL Green Realty Corp. (REIT)

    2,730      105,815

Smithfield Foods, Inc.* (Food)

    4,940      65,900

Solera Holdings, Inc. (Software)

    1,300      41,886

Sonoco Products Co. (Packaging & Containers)

    3,640      97,370

Southern Union Co. (Gas)

    4,420      86,499

SPX Corp. (Miscellaneous Manufacturing)

    1,820      96,060

SRA International, Inc. - Class A* (Computers)

    650      12,194

StanCorp Financial Group, Inc. (Insurance)

    910      33,406

STERIS Corp. (Healthcare - Products)

    1,170      34,234

Sybase, Inc.* (Software)

    1,560      61,714

Syniverse Holdings, Inc.* (Telecommunications)

    1,820      31,177

Synovus Financial Corp. (Banks)

    7,800      17,316

TCF Financial Corp. (Banks)

    2,210      26,144

Tech Data Corp.* (Distribution/Wholesale)

    1,820      69,943

Teleflex, Inc. (Miscellaneous Manufacturing)

    1,430      71,142

Telephone & Data Systems, Inc. (Telecommunications)

    3,380      100,116

Temple-Inland, Inc. (Forest Products & Paper)

    3,770      58,246

Terra Industries, Inc. (Chemicals)

    1,690      53,691

The Brink’s Co. (Miscellaneous Manufacturing)

    1,430      33,934

The Macerich Co. (REIT)

    3,250      96,850

The Ryland Group, Inc. (Home Builders)

    520      9,646

The Scotts Miracle-Gro Co. - Class A (Household Products/Wares)

    910      36,964

Thoratec Corp.* (Healthcare - Products)

    520      13,655

Tidewater, Inc. (Oil & Gas Services)

    1,040      43,337

Timken Co. (Metal Fabricate/Hardware)

    2,860      63,006

Tootsie Roll Industries, Inc. (Food)

    520      12,901

Trustmark Corp. (Banks)

    1,430      27,099

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Mid-Cap Value ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value  

Common Stocks, continued

      

Tupperware Corp. (Household Products/Wares)

      1,040    $ 46,821   

UDR, Inc. (REIT)

      5,460      78,515   

UGI Corp. (Gas)

      2,080      49,670   

United Rentals, Inc.* (Commercial Services)

      910      8,636   

Unitrin, Inc. (Insurance)

      1,820      35,672   

Universal Corp. (Agriculture)

      910      37,847   

Universal Health Services, Inc. - Class B (Healthcare - Services)

      910      50,642   

URS Corp.* (Engineering & Construction)

      2,990      116,191   

Valeant Pharmaceuticals International* (Pharmaceuticals)

      1,690      49,686   

Valley National Bancorp (Banks)

      2,990      39,707   

Valmont Industries, Inc. (Metal Fabricate/Hardware)

      260      18,790   

Valspar Corp. (Chemicals)

      3,640      92,347   

Varian, Inc.* (Electronics)

      520      26,624   

Vectren Corp. (Gas)

      2,860      64,464   

Vertex Pharmaceuticals, Inc.* (Biotechnology)

      4,290      143,972   

Vishay Intertechnology, Inc.* (Electronics)

      6,760      42,115   

Wabtec Corp. (Machinery - Diversified)

      780      28,673   

Waddell & Reed Financial, Inc. - Class A (Diversified Financial Services)

      1,170      32,830   

Washington Federal, Inc. (Savings & Loans)

      3,900      66,885   

Waste Connections, Inc.* (Environmental Control)

      1,170      36,773   

Webster Financial Corp. (Banks)

      2,210      24,995   

Weingarten Realty Investors (REIT)

      3,770      69,745   

WellCare Health Plans, Inc.* (Healthcare - Services)

      1,560      40,763   

Wendy’s/Arby’s Group, Inc. - Class A (Retail - Restaurants)

      7,930      31,324   

Werner Enterprises, Inc. (Transportation)

      780      14,625   

Westamerica Bancorp (Banks)

      390      18,642   

Westar Energy, Inc. (Electric)

      3,900      74,685   

WGL Holdings, Inc. (Gas)

      910      30,085   

Williams Sonoma, Inc. (Retail)

      3,770      70,801   

Wilmington Trust Corp. (Banks)

      2,470      29,764   

Woodward Governor Co. (Electronics)

      910      21,394   

Worthington Industries, Inc. (Metal Fabricate/Hardware)

      2,210      24,421   

Zebra Technologies Corp. - Class A* (Machinery - Diversified)

      1,040      26,000   
           

TOTAL COMMON STOCKS
(Cost $12,198,685)

         14,688,387   
           

Repurchase Agreements (0.6%)

     
 		 Principal
Amount		   

Bank of America, 0.02%, 11/2/09, dated 10/30/09, with a repurchase price of $24,000 (Collateralized by $23,300 U.S. Treasury Note, 3.75%, 11/15/18, market value $24,565)

    $ 24,000      24,000   

Deutsche Bank, 0.01%, 11/2/09, dated 10/30/09, with a repurchase price of $15,000 (Collateralized by $16,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $15,991)

      15,000      15,000   

HSBC, 0.02%, 11/2/09, dated 10/30/09, with a repurchase price of $30,000 (Collateralized by $29,000 Federal National Mortgage Association, 6.00%, 5/15/11, market value $32,111)

      30,000      30,000   

UMB, 0.02%, 11/2/09, dated 10/30/09, with a repurchase price of $11,000 (Collateralized by $12,000 Federal Farm Credit Bank, 4.00%, 3/6/13, market value $12,218)

      11,000      11,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $80,000)

         80,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $12,278,685)—102.4%

         14,768,387   

Net other assets (liabilities) — (2.4)%

         (345,063 ) 
           

NET ASSETS — 100.0%

       $ 14,423,324   
           

 

*

Non-income producing security

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

Mid-Cap Value ProFund invested in the following industries as of October 31, 2009:

 

     Value    % of
Net Assets		  

Advertising

    $ 16,788    0.1 % 

Aerospace/Defense

      64,537    0.4 % 

Agriculture

      37,847    0.3 % 

Airlines

      55,545    0.4 % 

Apparel

      115,232    0.8 % 

Auto Manufacturers

      101,595    0.7 % 

Auto Parts & Equipment

      67,007    0.5 % 

Banks

      640,793    4.4 % 

Beverages

      57,018    0.4 % 

Biotechnology

      244,656    1.7 % 

Building Materials

      121,892    0.8 % 

Chemicals

      702,570    4.9 % 

Coal

      75,169    0.5 % 

Commercial Services

      602,235    4.2 % 

Computers

      293,244    2.0 % 

Cosmetics/Personal Care

      52,299    0.4 % 

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Mid-Cap Value ProFund    October 31, 2009
(unaudited)   

 

Distribution/Wholesale

      270,660      1.9 % 

Diversified Financial Services

      204,799      1.4 % 

Electric

      1,004,475      7.0 % 

Electrical Components & Equipment

      88,462      0.6 % 

Electronics

      460,061      3.2 % 

Engineering & Construction

      391,621      2.7 % 

Entertainment

      29,727      0.2 % 

Environmental Control

      50,028      0.3 % 

Food

      279,251      1.9 % 

Forest Products & Paper

      205,837      1.4 % 

Gas

      593,114      4.1 % 

Hand/Machine Tools

      67,382      0.5 % 

Healthcare - Products

      344,953      2.4 % 

Healthcare - Services

      332,203      2.3 % 

Home Builders

      30,849      0.2 % 

Household Products/Wares

      122,083      0.8 % 

Insurance

      877,751      6.1 % 

Internet

      108,132      0.7 % 

Investment Companies

      52,650      0.4 % 

Iron/Steel

      13,670      0.1 % 

Leisure Time

      32,815      0.2 % 

Lodging

      14,352      0.1 % 

Machinery - Diversified

      184,933      1.3 % 

Media

      22,632      0.2 % 

Metal Fabricate/Hardware

      131,297      0.9 % 

Miscellaneous Manufacturing

      541,506      3.8 % 

Office Furnishings

      41,059      0.3 % 

Oil & Gas

      386,679      2.7 % 

Oil & Gas Services

      88,487      0.6 % 

Packaging & Containers

      226,527      1.6 % 

Pharmaceuticals

      237,864      1.7 % 

Pipelines

      129,672      0.9 % 

REIT

      1,723,805      12.0 % 

Retail

      666,626      4.6 % 

Retail - Restaurants

      31,324      0.2 % 

Savings & Loans

      346,923      2.4 % 

Semiconductors

      251,299      1.7 % 

Software

      244,515      1.7 % 

Telecommunications

      304,125      2.1 % 

Textiles

      83,518      0.6 % 

Transportation

      132,173      0.9 % 

Trucking & Leasing

      45,934      0.3 % 

Water

      44,187      0.3 % 

Other**

      (265,063 )    (1.8 )% 
              

Total

    $ 14,423,324      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 Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Mid-Cap Value ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2    Total

Description

         

Investment Securities:

         

Common Stocks

    $ 14,688,387    $ —      $ 14,688,387

Repurchase Agreements

      —        80,000      80,000
                    

Total Investment Securities

    $ 14,688,387    $ 80,000    $ 14,768,387
                    

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Mid-Cap Growth ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks (100.1%)

      

3Com Corp.* (Telecommunications)

    2,397    $ 12,321

99 Cents Only Stores* (Retail)

    564      6,413

Aaron’s, Inc. (Commercial Services)

    987      24,724

ACI Worldwide, Inc.* (Software)

    846      13,612

Acxiom Corp.* (Software)

    705      8,093

ADC Telecommunications, Inc.* (Telecommunications)

    1,551      10,066

ADTRAN, Inc. (Telecommunications)

    846      19,492

Advance Auto Parts, Inc. (Retail)

    2,397      89,312

Advent Software, Inc.* (Software)

    141      5,389

Aecom Technology Corp.* (Engineering & Construction)

    987      24,912

Aeropostale, Inc.* (Retail)

    1,692      63,501

Affiliated Managers Group, Inc.* (Diversified Financial Services)

    1,128      71,617

AGCO Corp.* (Machinery - Diversified)

    846      23,781

Alaska Air Group, Inc.* (Airlines)

    987      25,386

Albemarle Corp. (Chemicals)

    1,551      48,981

Alberto-Culver Co. (Cosmetics/Personal Care)

    846      22,690

Alliance Data Systems Corp.* (Commercial Services)

    1,410      77,522

Alliant Techsystems, Inc.* (Aerospace/Defense)

    846      65,802

AMB Property Corp. (REIT)

    1,692      37,190

American Eagle Outfitters, Inc. (Retail)

    3,525      61,652

AmeriCredit Corp.* (Diversified Financial Services)

    987      17,421

Ametek, Inc. (Electrical Components & Equipment)

    2,820      98,390

ANSYS, Inc.* (Software)

    2,256      91,548

AptarGroup, Inc. (Miscellaneous Manufacturing)

    846      29,872

Aqua America, Inc. (Water)

    1,410      21,784

Arch Coal, Inc. (Coal)

    2,115      45,811

Atmel Corp.* (Semiconductors)

    3,666      13,638

Avocent Corp.* (Internet)

    564      14,027

Bank of Hawaii Corp. (Banks)

    705      31,302

Beckman Coulter, Inc. (Healthcare - Products)

    705      45,353

Bill Barrett Corp.* (Oil & Gas)

    282      8,736

Bio-Rad Laboratories, Inc. - Class A* (Biotechnology)

    282      25,208

BJ’s Wholesale Club, Inc.* (Retail)

    705      24,696

BorgWarner, Inc. (Auto Parts & Equipment)

    1,410      42,751

Broadridge Financial Solutions, Inc. (Software)

    2,256      46,947

Brown & Brown, Inc. (Insurance)

    2,961      54,394

Bucyrus International, Inc. - Class A (Machinery - Construction & Mining)

    1,974      87,685

Career Education Corp.* (Commercial Services)

    1,833      38,200

Carlisle Cos., Inc. (Miscellaneous Manufacturing)

    564      17,507

Carpenter Technology Corp. (Iron/Steel)

    705      14,826

Cathay Bancorp, Inc. (Banks)

    705      6,225

Cerner Corp.* (Software)

    1,692      128,660

Charles River Laboratories International, Inc.* (Biotechnology)

    705      25,747

Cheesecake Factory, Inc.* (Retail)

    846      15,380

Chico’s FAS, Inc.* (Retail)

    4,512      53,918

Chipotle Mexican Grill, Inc. - Class A* (Retail)

    846      68,941

Church & Dwight, Inc. (Household Products/Wares)

    1,833      104,261

Cimarex Energy Co. (Oil & Gas)

    1,269      49,694

Clean Harbors, Inc.* (Environmental Control)

    564      31,838

Cliffs Natural Resources, Inc. (Iron/Steel)

    3,384      120,369

Coldwater Creek, Inc.* (Retail)

    564      3,243

Commerce Bancshares, Inc. (Banks)

    846      32,453

Commercial Metals Co. (Metal Fabricate/Hardware)

    1,692      25,109

Commscope, Inc.* (Telecommunications)

    2,397      64,767

Community Health Systems, Inc.* (Healthcare - Services)

    1,128      35,284

Comstock Resources, Inc.* (Oil & Gas)

    1,128      46,350

Con-way, Inc. (Transportation)

    1,128      37,213

Copart, Inc.* (Retail)

    1,692      54,432

Corinthian Colleges, Inc.* (Commercial Services)

    1,269      20,126

Corporate Office Properties Trust (REIT)

    282      9,360

Corrections Corp. of America* (Commercial Services)

    1,128      27,004

Covance, Inc.* (Healthcare - Services)

    987      51,008

Cree Research, Inc.* (Semiconductors)

    2,679      112,786

Cullen/Frost Bankers, Inc. (Banks)

    705      32,987

Dick’s Sporting Goods, Inc.* (Retail)

    2,256      51,189

Digital River, Inc.* (Internet)

    987      22,533

Dollar Tree, Inc.* (Retail)

    2,256      101,813

Donaldson Co., Inc. (Miscellaneous Manufacturing)

    1,974      70,413

DreamWorks Animation SKG, Inc. - Class A* (Entertainment)

    1,974      63,168

DST Systems, Inc.* (Computers)

    987      41,168

Dycom Industries, Inc.* (Engineering & Construction)

    423      4,179

Eaton Vance Corp. (Diversified Financial Services)

    2,961      84,063

Edwards Lifesciences Corp.* (Healthcare - Products)

    846      65,091

Encore Acquisition Co.* (Oil & Gas)

    1,410      52,269

Endo Pharmaceuticals Holdings, Inc.* (Pharmaceuticals)

    2,961      66,326

Energen Corp. (Gas)

    1,269      55,684

Energizer Holdings, Inc.* (Electrical Components & Equipment)

    1,833      111,575

Equinix, Inc.* (Internet)

    282      24,060

F5 Networks, Inc.* (Internet)

    1,974      88,613

FactSet Research Systems, Inc. (Computers)

    1,128      72,248

Fair Isaac Corp. (Software)

    705      14,333

Flowers Foods, Inc. (Food)

    987      23,056

Fossil, Inc.* (Household Products/Wares)

    1,128      30,151

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Mid-Cap Growth ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Frontier Oil Corp. (Oil & Gas)

    2,679    $ 37,131

FTI Consulting, Inc.* (Commercial Services)

    1,269      51,788

Gartner Group, Inc.* (Commercial Services)

    1,551      28,880

Gen-Probe, Inc.* (Healthcare - Products)

    1,410      58,825

Global Payments, Inc. (Software)

    2,115      104,121

Graco, Inc. (Machinery - Diversified)

    1,551      42,715

Granite Construction, Inc. (Engineering & Construction)

    423      12,081

GUESS?, Inc. (Apparel)

    1,551      56,689

Hanesbrands, Inc.* (Apparel)

    987      21,339

Hanover Insurance Group, Inc. (Insurance)

    1,269      53,374

Hansen Natural Corp.* (Beverages)

    1,833      66,263

Harsco Corp. (Miscellaneous Manufacturing)

    846      26,641

HCC Insurance Holdings, Inc. (Insurance)

    2,820      74,420

Health Management Associates, Inc. - Class A* (Healthcare - Services)

    3,807      23,223

Helix Energy Solutions Group, Inc.* (Oil & Gas Services)

    2,538      34,847

Helmerich & Payne, Inc. (Oil & Gas)

    2,679      101,856

Henry Schein, Inc.* (Healthcare - Products)

    1,410      74,490

Herman Miller, Inc. (Office Furnishings)

    1,410      21,784

Hewitt Associates, Inc.* (Commercial Services)

    705      25,042

Hologic, Inc.* (Healthcare - Products)

    6,627      97,947

IDEX Corp. (Machinery - Diversified)

    987      28,060

IDEXX Laboratories, Inc.* (Healthcare - Products)

    1,551      79,287

Immucor, Inc.* (Healthcare - Products)

    1,833      32,774

Informatica Corp.* (Software)

    846      17,961

International Bancshares Corp. (Banks)

    705      10,469

International Rectifier Corp.* (Semiconductors)

    705      12,887

International Speedway Corp. (Entertainment)

    423      10,791

Itron, Inc.* (Electronics)

    564      33,863

ITT Educational Services, Inc.* (Commercial Services)

    846      76,436

J. Crew Group, Inc.* (Retail)

    1,269      51,750

J.B. Hunt Transport Services, Inc. (Transportation)

    2,115      63,577

Jack Henry & Associates, Inc. (Computers)

    1,269      29,276

Jefferies Group, Inc.* (Diversified Financial Services)

    1,833      47,841

John Wiley & Sons, Inc. (Media)

    1,128      39,728

Jones Lang LaSalle, Inc. (Real Estate)

    1,128      52,847

Joy Global, Inc. (Machinery - Construction & Mining)

    2,679      135,048

Kansas City Southern Industries, Inc.* (Transportation)

    1,410      34,164

Kinetic Concepts, Inc.* (Healthcare - Products)

    1,410      46,798

Kirby Corp.* (Transportation)

    846      28,595

Korn/Ferry International* (Commercial Services)

    1,128      18,003

Lam Research Corp.* (Semiconductors)

    3,243      109,354

Lamar Advertising Co.* (Advertising)

    1,410      34,263

Landstar System, Inc. (Transportation)

    1,269      44,720

Lender Processing Services, Inc. (Diversified Financial Services)

    1,692      67,342

Life Time Fitness, Inc.* (Leisure Time)

    423      9,116

LifePoint Hospitals, Inc.* (Healthcare - Services)

    846      23,967

Lincare Holdings, Inc.* (Healthcare - Services)

    1,833      57,575

Lincoln Electric Holdings, Inc. (Hand/Machine Tools)

    1,128      53,512

LKQ Corp.* (Distribution/Wholesale)

    2,256      38,961

M.D.C. Holdings, Inc. (Home Builders)

    423      13,798

ManTech International Corp. - Class A* (Software)

    282      12,369

Mariner Energy, Inc.* (Oil & Gas)

    1,410      17,963

Martin Marietta Materials (Building Materials)

    564      46,992

Marvel Entertainment, Inc.* (Toys/Games/Hobbies)

    1,269      63,412

Masimo Corp.* (Healthcare - Products)

    141      3,746

Matthews International Corp. - Class A (Miscellaneous Manufacturing)

    564      20,716

MDU Resources Group, Inc. (Electric)

    2,115      43,886

Medicis Pharmaceutical Corp. - Class A (Pharmaceuticals)

    564      11,940

Mentor Graphics Corp.* (Computers)

    705      5,146

Mercury General Corp. (Insurance)

    423      15,423

Mettler Toledo International, Inc.* (Electrical Components & Equipment)

    846      82,485

Micros Systems, Inc.* (Computers)

    2,115      56,936

Mine Safety Appliances Co. (Environmental Control)

    423      10,782

Minerals Technologies, Inc. (Chemicals)

    141      6,946

MPS Group, Inc.* (Commercial Services)

    846      11,438

MSC Industrial Direct Co. - Class A (Retail)

    1,128      48,560

National Instruments Corp. (Computers)

    705      18,823

Navigant Consulting Co.* (Commercial Services)

    1,269      18,071

NBTY, Inc.* (Pharmaceuticals)

    846      30,803

NCR Corp.* (Computers)

    1,974      20,036

Netflix, Inc.* (Internet)

    987      52,755

NeuStar, Inc.* (Telecommunications)

    1,833      42,342

NewAlliance Bancshares, Inc. (Savings & Loans)

    705      7,811

Newfield Exploration Co.* (Oil & Gas)

    2,256      92,541

Nordson Corp. (Machinery - Diversified)

    423      22,322

NVR, Inc.* (Home Builders)

    141      93,380

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Mid-Cap Growth ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Oceaneering International, Inc.* (Oil & Gas Services)

    1,410    $ 72,051

Olin Corp. (Chemicals)

    1,269      19,378

Omnicare, Inc. (Pharmaceuticals)

    1,410      30,555

OSI Pharmaceuticals, Inc.* (Pharmaceuticals)

    987      31,801

Overseas Shipholding Group, Inc. (Transportation)

    423      16,603

Palm, Inc.* (Computers)

    1,410      16,370

Panera Bread Co. - Class A* (Retail)

    846      50,743

Parametric Technology Corp.* (Software)

    2,961      44,149

Patriot Coal Corp.* (Coal)

    1,128      12,746

Patterson-UTI Energy, Inc. (Oil & Gas)

    3,948      61,510

Perrigo Co. (Pharmaceuticals)

    705      26,219

PetSmart, Inc. (Retail)

    2,115      49,766

Pharmaceutical Product Development, Inc. (Commercial Services)

    3,102      66,848

Plains Exploration & Production Co.* (Oil & Gas)

    2,256      59,784

Plantronics, Inc. (Telecommunications)

    1,269      30,596

Polycom, Inc.* (Telecommunications)

    1,269      27,245

Potlatch Corp. (Forest Products & Paper)

    564      15,741

Priceline.com, Inc.* (Internet)

    1,128      177,987

Pride International, Inc.* (Oil & Gas)

    2,256      66,687

Psychiatric Solutions, Inc.* (Healthcare - Services)

    846      17,461

Quest Software, Inc.* (Software)

    1,551      26,010

Quicksilver Resources, Inc.* (Oil & Gas)

    2,961      36,124

Ralcorp Holdings, Inc.* (Food)

    705      37,858

Raymond James Financial Corp. (Diversified Financial Services)

    1,128      26,632

Reinsurance Group of America, Inc. (Insurance)

    846      39,001

Reliance Steel & Aluminum Co. (Iron/Steel)

    1,692      61,724

ResMed, Inc.* (Healthcare - Products)

    1,974      97,141

Rollins, Inc. (Commercial Services)

    987      17,845

Roper Industries, Inc. (Miscellaneous Manufacturing)

    2,397      121,168

Ross Stores, Inc. (Retail)

    3,243      142,724

Rovi Corp.* (Semiconductors)

    1,551      42,730

SAIC, Inc.* (Commercial Services)

    2,115      37,457

Scientific Games Corp. - Class A* (Entertainment)

    846      11,903

SEI Investments Co. (Software)

    3,384      59,118

Semtech Corp.* (Semiconductors)

    705      10,906

Silicon Laboratories, Inc.* (Semiconductors)

    1,128      47,263

Solera Holdings, Inc. (Software)

    846      27,258

Sotheby’s (Commercial Services)

    1,692      26,835

SRA International, Inc. - Class A* (Computers)

    705      13,226

StanCorp Financial Group, Inc. (Insurance)

    564      20,704

Steel Dynamics, Inc. (Iron/Steel)

    5,499      73,632

STERIS Corp. (Healthcare - Products)

    705      20,628

Strayer Education, Inc. (Commercial Services)

    423      85,856

Superior Energy Services, Inc.* (Oil & Gas Services)

    1,974      42,658

SVB Financial Group* (Banks)

    846      34,897

Sybase, Inc.* (Software)

    987      39,046

Syniverse Holdings, Inc.* (Telecommunications)

    423      7,246

Synopsys, Inc.* (Computers)

    3,666      80,652

Synovus Financial Corp. (Banks)

    6,627      14,712

TCF Financial Corp. (Banks)

    1,269      15,012

Techne Corp. (Healthcare - Products)

    987      61,697

Terex Corp.* (Machinery - Construction & Mining)

    2,820      57,020

Terra Industries, Inc. (Chemicals)

    1,410      44,796

The Corporate Executive Board Co. (Commercial Services)

    846      20,312

The Ryland Group, Inc. (Home Builders)

    705      13,078

The Scotts Miracle-Gro Co. - Class A (Household Products/Wares)

    564      22,910

The Timberland Co. - Class A* (Apparel)

    1,128      18,251

The Warnaco Group, Inc.* (Apparel)

    1,128      45,718

Thomas & Betts Corp.* (Electronics)

    1,410      48,236

Thor Industries, Inc. (Home Builders)

    846      22,182

Thoratec Corp.* (Healthcare - Products)

    1,128      29,621

Tidewater, Inc. (Oil & Gas Services)

    564      23,502

Toll Brothers, Inc.* (Home Builders)

    3,384      58,611

Tootsie Roll Industries, Inc. (Food)

    282      6,996

Trimble Navigation, Ltd.* (Electronics)

    3,102      65,049

Trinity Industries, Inc. (Miscellaneous Manufacturing)

    1,974      33,321

Trustmark Corp. (Banks)

    282      5,344

Tupperware Corp. (Household Products/Wares)

    846      38,087

UGI Corp. (Gas)

    1,269      30,304

Under Armour, Inc. - Class A* (Retail)

    987      26,501

Unit Corp.* (Oil & Gas)

    987      38,572

United Rentals, Inc.* (Commercial Services)

    846      8,029

United Therapeutics Corp.* (Pharmaceuticals)

    1,128      47,985

Universal Health Services, Inc. - Class B (Healthcare - Services)

    705      39,233

Urban Outfitters, Inc.* (Retail)

    3,384      106,190

Valeant Pharmaceuticals International* (Pharmaceuticals)

    564      16,582

Valley National Bancorp (Banks)

    1,551      20,597

Valmont Industries, Inc. (Metal Fabricate/Hardware)

    282      20,380

ValueClick, Inc.* (Internet)

    2,256      22,199

Varian, Inc.* (Electronics)

    282      14,438

VCA Antech, Inc.* (Pharmaceuticals)

    2,115      50,379

Vertex Pharmaceuticals, Inc.* (Biotechnology)

    1,410      47,320

W.R. Berkley Corp. (Insurance)

    3,525      87,138

Wabtec Corp. (Machinery - Diversified)

    705      25,916

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Mid-Cap Growth ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value  

Common Stocks, continued

      

Waddell & Reed Financial, Inc. - Class A (Diversified Financial Services)

      1,410    $ 39,565   

Waste Connections, Inc.* (Environmental Control)

      1,128      35,453   

Watson Wyatt Worldwide, Inc. - Class A (Commercial Services)

      1,128      49,158   

Wendy’s/Arby’s Group, Inc. - Class A (Retail - Restaurants)

      3,666      14,481   

Werner Enterprises, Inc. (Transportation)

      564      10,575   

Westamerica Bancorp (Banks)

      423      20,219   

WGL Holdings, Inc. (Gas)

      564      18,646   

WMS Industries, Inc.* (Leisure Time)

      1,269      50,735   

Woodward Governor Co. (Electronics)

      846      19,889   

Zebra Technologies Corp. - Class A* (Machinery - Diversified)

      846      21,150   
           

TOTAL COMMON STOCKS
(Cost $7,752,690)

         10,564,053   
           
     Principal
Amount		       

Repurchase Agreements (0.3%)

      

Bank of America, 0.02%, 11/2/09, dated 10/30/09, with a repurchase price of $11,000 (Collateralized by $10,700 U.S. Treasury Note, 3.75%, 11/15/18, market value $11,280)

    $ 11,000      11,000   

Deutsche Bank, 0.01%, 11/2/09, dated 10/30/09, with a repurchase price of $7,000 (Collateralized by $8,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $7,995)

      7,000      7,000   

HSBC, 0.02%, 11/2/09, dated 10/30/09, with a repurchase price of $14,000 (Collateralized by $14,000 Federal National Mortgage Association, 6.00%, 5/15/11, market value $15,502)

      14,000      14,000   

UMB, 0.02%, 11/2/09, dated 10/30/09, with a repurchase price of $6,000 (Collateralized by $7,000 U.S. Treasury Note, 1.00%, 7/31/11, market value $7,047)

      6,000      6,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $38,000)

         38,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $7,790,690)—100.4%

         10,602,053   

Net other assets (liabilities) — (0.4)%

         (44,771 ) 
           

NET ASSETS — 100.0%

       $ 10,557,282   
           

 

*

Non-income producing security

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

Mid-Cap Growth ProFund invested in the following industries as of October 31, 2009:

 

     Value     % of
Net Assets		  

Advertising

    $ 34,263      0.3 % 

Aerospace/Defense

      65,802      0.6 % 

Airlines

      25,386      0.2 % 

Apparel

      141,997      1.3 % 

Auto Parts & Equipment

      42,751      0.4 % 

Banks

      224,217      2.1 % 

Beverages

      66,263      0.6 % 

Biotechnology

      98,275      0.9 % 

Building Materials

      46,992      0.4 % 

Chemicals

      120,101      1.1 % 

Coal

      58,557      0.6 % 

Commercial Services

      729,574      6.9 % 

Computers

      353,881      3.4 % 

Cosmetics/Personal Care

      22,690      0.2 % 

Distribution/Wholesale

      38,961      0.4 % 

Diversified Financial Services

      354,481      3.4 % 

Electric

      43,886      0.4 % 

Electrical Components & Equipment

      292,450      2.8 % 

Electronics

      181,475      1.7 % 

Engineering & Construction

      41,172      0.4 % 

Entertainment

      85,862      0.8 % 

Environmental Control

      78,073      0.7 % 

Food

      67,910      0.7 % 

Forest Products & Paper

      15,741      0.1 % 

Gas

      104,634      1.0 % 

Hand/Machine Tools

      53,512      0.5 % 

Healthcare - Products

      713,398      6.8 % 

Healthcare - Services

      247,751      2.3 % 

Home Builders

      201,049      1.9 % 

Household Products/Wares

      195,409      1.9 % 

Insurance

      344,454      3.3 % 

Internet

      402,174      3.8 % 

Iron/Steel

      270,551      2.6 % 

Leisure Time

      59,851      0.6 % 

Machinery - Construction & Mining

      279,753      2.6 % 

Machinery - Diversified

      163,944      1.6 % 

Media

      39,728      0.4 % 

Metal Fabricate/Hardware

      45,489      0.4 % 

Miscellaneous Manufacturing

      319,638      3.0 % 

Office Furnishings

      21,784      0.2 % 

Oil & Gas

      669,217      6.3 % 

Oil & Gas Services

      173,058      1.6 % 

Pharmaceuticals

      312,590      3.0 % 

REIT

      46,550      0.5 % 

Real Estate

      52,847      0.5 % 

Retail

      1,070,724      10.4 % 

Retail - Restaurants

      14,481      0.1 % 

Savings & Loans

      7,811      0.1 % 

Semiconductors

      349,564      3.3 % 

Software

      638,614      6.0 % 

Telecommunications

      214,075      2.0 % 

Toys/Games/Hobbies

      63,412      0.6 % 

Transportation

      235,447      2.2 % 

Water

      21,784      0.2 % 

Other**

      (6,771 )    (0.1 )% 
              

Total

    $ 10,557,282      100.0 % 
              

 

**

Includes any non-equity securities and net other assets (liabilities), which includes any receivable for capital shares issued and payable for capital shares redeemed.

REIT

Real Estate Investment Trust

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Mid-Cap Growth ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2    Total

Description

         

Investment Securities:

         

Common Stocks

    $ 10,564,053    $ —      $ 10,564,053

Repurchase Agreements

      —        38,000      38,000
                    

Total Investment Securities

    $ 10,564,053    $ 38,000    $ 10,602,053
                    

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap Value ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks (100.2%)

      

AAON, Inc. (Building Materials)

    296    $ 5,331

ABM Industries, Inc. (Commercial Services)

    2,072      38,912

Acadia Realty Trust (REIT)

    1,850      29,415

Actel Corp.* (Semiconductors)

    740      8,821

Acuity Brands, Inc. (Miscellaneous Manufacturing)

    888      28,114

Adaptec, Inc.* (Telecommunications)

    5,476      17,468

Administaff, Inc. (Commercial Services)

    1,036      25,714

Advanced Energy Industries, Inc.* (Electrical Components & Equipment)

    1,480      18,071

Agilysys, Inc. (Computers)

    888      4,182

Albany International Corp. - Class A (Machinery - Diversified)

    1,258      20,958

Align Technology, Inc.* (Healthcare - Products)

    1,776      27,919

ALLETE, Inc. (Electric)

    1,258      42,583

Alliance One International, Inc.* (Agriculture)

    4,070      17,949

Almost Family, Inc.* (Healthcare - Services)

    74      2,246

AMCOL International Corp. (Mining)

    370      9,635

American Medical Systems Holdings, Inc.* (Healthcare - Products)

    1,702      26,245

American Public Education, Inc.* (Commercial Services)

    222      7,082

American States Water Co. (Water)

    814      26,984

American Vanguard Corp. (Chemicals)

    222      1,843

AMERIGROUP Corp.* (Healthcare - Services)

    2,442      53,846

AMN Healthcare Services, Inc.* (Commercial Services)

    518      4,310

Analogic Corp. (Electronics)

    592      22,105

Anixter International, Inc.* (Telecommunications)

    592      24,775

Apogee Enterprises, Inc. (Building Materials)

    1,258      16,656

Applied Industrial Technologies, Inc. (Machinery - Diversified)

    1,702      34,431

Applied Signal Technology, Inc. (Telecommunications)

    222      4,549

Arbitron, Inc. (Commercial Services)

    666      14,439

Arch Chemicals, Inc. (Chemicals)

    1,184      32,785

Arctic Cat, Inc. (Leisure Time)

    518      3,077

Arkansas Best Corp. (Transportation)

    1,184      30,571

ArQule, Inc.* (Biotechnology)

    888      2,975

Arris Group, Inc.* (Telecommunications)

    2,072      21,259

ATC Technology Corp.* (Auto Parts & Equipment)

    518      10,826

Atwood Oceanics, Inc.* (Oil & Gas)

    1,110      39,394

Audiovox Corp. - Class A* (Telecommunications)

    888      5,736

Avid Technology, Inc.* (Software)

    1,258      15,889

Avista Corp. (Electric)

    2,516      47,703

AZZ, Inc.* (Miscellaneous Manufacturing)

    296      10,141

Badger Meter, Inc. (Electronics)

    296      11,032

Baldor Electric Co. (Hand/Machine Tools)

    1,924      49,735

Bank Mutual Corp. (Banks)

    2,146      15,065

Barnes Group, Inc. (Miscellaneous Manufacturing)

    1,924      30,495

Belden, Inc. (Electrical Components & Equipment)

    2,146      49,251

Benchmark Electronics, Inc.* (Electronics)

    1,406      23,621

Big 5 Sporting Goods Corp. (Retail)

    962      14,190

Bio-Reference Laboratories, Inc.* (Healthcare - Services)

    148      4,785

BioMed Realty Trust, Inc. (REIT)

    4,440      60,251

BJ’s Restaurants, Inc.* (Retail)

    444      7,086

Black Box Corp. (Telecommunications)

    814      21,579

Blue Coat Systems, Inc.* (Internet)

    1,110      24,731

Blue Nile, Inc.* (Internet)

    296      17,775

Boston Private Financial Holdings, Inc. (Banks)

    2,960      17,612

Bowne & Co., Inc. (Commercial Services)

    1,776      11,597

Brady Corp. - Class A (Electronics)

    888      24,047

Briggs & Stratton Corp. (Machinery - Diversified)

    2,294      42,898

Brightpoint, Inc.* (Distribution/Wholesale)

    3,108      22,906

Bristow Group, Inc.* (Transportation)

    888      25,885

Brookline Bancorp, Inc. (Savings & Loans)

    2,738      26,805

Brooks Automation, Inc.* (Semiconductors)

    1,554      10,692

Brown Shoe Co., Inc. (Retail)

    1,998      20,719

Brunswick Corp. (Leisure Time)

    4,070      38,584

Buckeye Technologies, Inc.* (Forest Products & Paper)

    1,776      15,913

Buffalo Wild Wings, Inc.* (Retail)

    518      21,243

C&D Technologies, Inc.* (Electrical Components & Equipment)

    1,184      2,167

Cabela’s, Inc.* (Retail)

    1,850      23,255

Cabot Microelectronics Corp.* (Chemicals)

    518      16,566

Cal-Maine Foods, Inc. (Food)

    296      8,036

Calgon Carbon Corp.* (Environmental Control)

    1,628      25,788

California Pizza Kitchen, Inc.* (Retail)

    592      7,690

Cambrex Corp.* (Biotechnology)

    444      2,664

Cascade Corp. (Machinery - Diversified)

    148      3,676

Casey’s General Stores, Inc. (Retail)

    962      30,332

Cash America International, Inc. (Retail)

    592      17,914

CDI Corp. (Commercial Services)

    592      7,211

Cedar Shopping Centers, Inc. (REIT)

    2,072      12,577

Centene Corp.* (Healthcare - Services)

    1,998      35,624

Central Garden & Pet Co. - Class A* (Household Products/Wares)

    3,182      30,102

Central Pacific Financial Corp. (Banks)

    1,332      1,878

Central Vermont Public Service Corp. (Electric)

    518      10,044

Century Aluminum Co.* (Mining)

    2,072      17,964

CH Energy Group, Inc. (Electric)

    740      30,643

See accompanying notes to the Schedules of Portfolio Investments.

 

PROFUNDS    Schedule of Portfolio Investments
Small-Cap Value ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Checkpoint Systems, Inc.* (Electronics)

    1,776    $ 24,100

Christopher & Banks Corp. (Retail)

    1,628      9,915

Ciber, Inc.* (Computers)

    3,182      10,246

CIRCOR International, Inc. (Metal Fabricate/Hardware)

    444      12,099

CKE Restaurants, Inc. (Retail)

    1,036      9,065

Clarcor, Inc. (Miscellaneous Manufacturing)

    1,110      32,667

Clearwater Paper Corp.* (Forest Products & Paper)

    222      10,050

Cognex Corp. (Machinery - Diversified)

    962      15,479

Cohu, Inc. (Semiconductors)

    444      5,053

Colonial Properties Trust (REIT)

    2,960      31,169

Columbia Banking System, Inc. (Banks)

    1,184      17,405

Comfort Systems USA, Inc. (Building Materials)

    1,406      15,325

Community Bank System, Inc. (Banks)

    1,480      27,543

Computer Programs & Systems, Inc. (Software)

    74      3,126

comScore, Inc.* (Internet)

    592      9,075

CONMED Corp.* (Healthcare - Products)

    814      17,249

Consolidated Graphics, Inc.* (Commercial Services)

    518      10,391

Cooper Cos., Inc. (Healthcare - Products)

    1,036      29,018

CorVel Corp.* (Commercial Services)

    148      4,218

Cross Country Healthcare, Inc.* (Commercial Services)

    1,406      11,614

CryoLife, Inc.* (Biotechnology)

    962      5,772

CSG Systems International, Inc.* (Software)

    740      12,092

CTS Corp. (Electronics)

    1,554      13,924

Cubic Corp. (Electronics)

    370      12,843

Cyberonics, Inc.* (Healthcare - Products)

    740      10,700

Cypress Semiconductor Corp.* (Semiconductors)

    7,030      59,263

Delphi Financial Group, Inc. - Class A (Insurance)

    2,146      46,568

DiamondRock Hospitality Co.* (REIT)

    4,958      37,730

Digi International, Inc.* (Software)

    444      3,530

Dime Community Bancshares, Inc. (Savings & Loans)

    1,184      13,012

DineEquity, Inc.* (Retail)

    740      15,658

DSP Group, Inc.* (Semiconductors)

    1,036      5,988

DTS, Inc.* (Home Furnishings)

    518      14,634

E.W. Scripps Co.* (Media)

    1,332      8,472

EastGroup Properties, Inc. (REIT)

    1,184      43,583

Eclipsys Corp.* (Software)

    1,702      31,913

El Paso Electric Co.* (Electric)

    1,184      22,200

EMCOR Group, Inc.* (Engineering & Construction)

    3,034      71,663

EMS Technologies, Inc.* (Telecommunications)

    518      9,029

EnPro Industries, Inc.* (Miscellaneous Manufacturing)

    888      20,051

Entertainment Properties Trust (REIT)

    1,628      55,385

Enzo Biochem, Inc.* (Biotechnology)

    1,110      6,116

ESCO Technologies, Inc.* (Miscellaneous Manufacturing)

    666      26,160

Esterline Technologies Corp.* (Aerospace/Defense)

    740      31,161

Ethan Allen Interiors, Inc. (Home Furnishings)

    1,184      14,753

Exar Corp.* (Semiconductors)

    1,184      8,170

Exponent, Inc.* (Commercial Services)

    296      7,699

Extra Space Storage, Inc. (REIT)

    3,996      38,242

EZCORP, Inc. - Class A* (Retail)

    666      8,638

FEI Co.* (Electronics)

    1,110      26,429

Financial Federal Corp. (Diversified Financial Services)

    1,184      24,177

First BanCorp (Banks)

    1,628      3,077

First Commonwealth Financial Corp. (Banks)

    3,478      18,260

First Financial Bancorp (Banks)

    1,924      24,396

First Financial Bankshares, Inc. (Banks)

    444      21,512

First Midwest Bancorp, Inc. (Banks)

    2,220      23,088

Forestar Group, Inc.* (Real Estate)

    1,628      24,029

Forrester Research, Inc.* (Commercial Services)

    296      7,498

Franklin Street Properties Corp. (REIT)

    3,034      32,707

Fred’s, Inc. (Retail)

    1,850      21,904

Fuller (H.B.) Co. (Chemicals)

    2,220      42,424

G & K Services, Inc. (Textiles)

    888      19,669

GenCorp, Inc.* (Aerospace/Defense)

    2,294      17,067

General Communication, Inc. - Class A* (Telecommunications)

    1,110      6,827

Genesco, Inc.* (Retail)

    370      9,646

Genoptix, Inc.* (Healthcare - Services)

    370      12,872

Gentiva Health Services, Inc.* (Healthcare - Services)

    740      17,760

Gerber Scientific, Inc.* (Machinery - Diversified)

    1,110      5,128

Gibraltar Industries, Inc. (Iron/Steel)

    1,406      15,213

Glacier Bancorp, Inc. (Banks)

    1,332      17,436

Greatbatch, Inc.* (Electrical Components & Equipment)

    592      11,645

Griffon Corp.* (Miscellaneous Manufacturing)

    1,998      17,522

Group 1 Automotive, Inc. (Retail)

    1,110      28,216

Gulf Island Fabrication, Inc. (Oil & Gas Services)

    666      12,734

Haemonetics Corp.* (Healthcare - Products)

    592      30,488

Hancock Holding Co. (Banks)

    518      18,788

Hanger Orthopedic Group, Inc.* (Healthcare - Products)

    962      13,314

Hanmi Financial Corp.* (Banks)

    1,184      1,812

Harmonic, Inc.* (Telecommunications)

    4,440      23,310

Haverty Furniture Cos., Inc.* (Retail)

    888      10,754

Healthcare Realty Trust, Inc. (REIT)

    2,738      57,033

Healthcare Services Group, Inc. (Commercial Services)

    1,036      20,461

HealthSpring, Inc.* (Healthcare - Services)

    1,036      14,846

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap Value ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Heidrick & Struggles International, Inc. (Commercial Services)

    222    $ 6,074

Helen of Troy, Ltd.* (Household Products/Wares)

    1,036      23,662

Hillenbrand, Inc. (Commercial Services)

    2,812      56,184

HMS Holdings Corp.* (Commercial Services)

    592      25,415

Holly Corp. (Oil & Gas)

    444      12,880

Home Bancshares, Inc. (Banks)

    222      4,802

Home Properties, Inc. (REIT)

    1,480      57,986

Hot Topic, Inc.* (Retail)

    740      5,698

Hub Group, Inc. - Class A* (Transportation)

    814      20,236

Hutchinson Technology, Inc.* (Computers)

    1,110      6,460

Iconix Brand Group, Inc.* (Apparel)

    1,628      18,982

Independent Bank Corp./MA (Banks)

    592      12,592

Independent Bank Corp./MI (Banks)

    888      1,048

Infinity Property & Casualty Corp. (Insurance)

    296      11,446

Inland Real Estate Corp. (REIT)

    3,256      27,936

Insight Enterprises, Inc.* (Retail)

    2,146      22,576

Insituform Technologies, Inc. - Class A* (Engineering & Construction)

    1,110      23,532

Interface, Inc. - Class A (Office Furnishings)

    2,590      20,098

Intermec, Inc.* (Machinery - Diversified)

    1,480      18,234

Interval Leisure Group, Inc.* (Leisure Time)

    888      9,910

Invacare Corp. (Healthcare - Products)

    1,480      33,196

Investment Technology Group, Inc.* (Diversified Financial Services)

    888      19,154

Iowa Telecommunications Services, Inc. (Telecommunications)

    1,480      17,420

IPC The Hospitalist Co.* (Healthcare - Services)

    222      6,727

J & J Snack Foods Corp. (Food)

    370      14,493

Jack in the Box, Inc.* (Retail)

    962      18,047

JAKKS Pacific, Inc.* (Toys/Games/Hobbies)

    592      8,424

JDA Software Group, Inc.* (Software)

    1,258      24,959

Jo-Ann Stores, Inc.* (Retail)

    1,184      31,518

John Bean Technologies Corp. (Miscellaneous Manufacturing)

    1,258      20,656

Kaman Corp. (Aerospace/Defense)

    1,184      24,461

Kaydon Corp. (Metal Fabricate/Hardware)

    666      23,303

Keithley Instruments, Inc. (Electronics)

    592      1,930

Kendle International, Inc.* (Commercial Services)

    222      3,747

Kensey Nash Corp.* (Healthcare - Products)

    296      7,077

Kid Brands, Inc.* (Household Products/Wares)

    814      4,046

Kilroy Realty Corp. (REIT)

    1,998      55,185

Kite Realty Group Trust (REIT)

    2,886      10,707

Kopin Corp.* (Semiconductors)

    2,072      9,200

La-Z-Boy, Inc. (Home Furnishings)

    2,368      16,813

LaBranche & Co., Inc.* (Diversified Financial Services)

    1,554      4,289

Laclede Group, Inc. (Gas)

    444      13,635

Lance, Inc. (Food)

    1,480      35,698

Landauer, Inc. (Commercial Services)

    148      7,665

Landry’s Restaurants, Inc.* (Retail)

    370      4,033

LaSalle Hotel Properties (REIT)

    1,332      22,857

Lawson Products, Inc. (Metal Fabricate/Hardware)

    222      3,452

Lexington Realty Trust (REIT)

    4,366      18,294

Lindsay Manufacturing Co. (Machinery - Diversified)

    222      7,288

Lithia Motors, Inc. - Class A* (Retail)

    814      6,789

Littelfuse, Inc.* (Electrical Components & Equipment)

    444      12,237

Live Nation, Inc.* (Commercial Services)

    3,848      25,628

Liz Claiborne, Inc. (Apparel)

    4,366      25,061

LoJack Corp.* (Electronics)

    296      1,249

LTC Properties, Inc. (REIT)

    1,036      24,605

Lydall, Inc.* (Miscellaneous Manufacturing)

    740      3,700

M/I Schottenstein Homes, Inc.* (Home Builders)

    814      9,092

MagneTek, Inc.* (Electrical Components & Equipment)

    1,406      1,758

Manhattan Associates, Inc.* (Computers)

    444      10,190

Marcus Corp. (Lodging)

    962      11,255

MarineMax, Inc.* (Retail)

    888      6,047

Matrix Service Co.* (Oil & Gas Services)

    1,184      10,502

MAXIMUS, Inc. (Commercial Services)

    814      37,656

MedCath Corp.* (Healthcare - Services)

    888      7,290

Medical Properties Trust, Inc. (REIT)

    1,628      13,024

Mercury Computer Systems, Inc.* (Computers)

    1,036      11,085

Merit Medical Systems, Inc.* (Healthcare - Products)

    592      10,052

Methode Electronics, Inc. (Electronics)

    1,776      12,876

Microsemi Corp.* (Semiconductors)

    1,924      25,608

Mid-America Apartment Communities, Inc. (REIT)

    1,332      58,368

Midas, Inc.* (Commercial Services)

    666      5,368

Mobile Mini, Inc.* (Storage/Warehousing)

    740      10,730

Monro Muffler Brake, Inc. (Commercial Services)

    444      13,760

Moog, Inc. - Class A* (Aerospace/Defense)

    962      24,021

Movado Group, Inc. (Retail)

    814      8,531

MTS Systems Corp. (Computers)

    370      9,805

Multimedia Games, Inc.* (Leisure Time)

    1,258      6,177

MWI Veterinary Supply, Inc.* (Distribution/Wholesale)

    222      7,859

Myers Industries, Inc. (Miscellaneous Manufacturing)

    1,332      11,682

Nash Finch Co. (Food)

    592      17,156

National Financial Partners* (Diversified Financial Services)

    1,924      15,681

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap Value ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

National Penn Bancshares, Inc. (Banks)

    5,550    $ 31,191

National Presto Industries, Inc. (Housewares)

    222      19,298

National Retail Properties, Inc. (REIT)

    3,700      71,706

NBT Bancorp, Inc. (Banks)

    888      19,358

NCI Building Systems, Inc.* (Building Materials)

    888      1,740

Neenah Paper, Inc. (Forest Products & Paper)

    666      6,893

Neogen Corp.* (Pharmaceuticals)

    296      9,383

NetScout Systems, Inc.* (Computers)

    592      7,276

Network Equipment Technologies, Inc.* (Telecommunications)

    1,332      4,396

Neutral Tandem, Inc.* (Telecommunications)

    814      17,167

New Jersey Resources Corp. (Gas)

    1,924      67,725

NewMarket Corp. (Chemicals)

    148      13,838

Newport Corp.* (Electronics)

    1,702      12,663

Northwest Natural Gas Co. (Gas)

    1,184      49,503

Novatel Wireless, Inc.* (Telecommunications)

    1,406      12,542

O’Charley’s, Inc.* (Retail)

    962      6,744

Odyssey Healthcare, Inc.* (Healthcare - Services)

    814      11,347

OfficeMax, Inc.* (Retail)

    3,478      39,754

Old National Bancorp (Banks)

    3,848      39,904

Olympic Steel, Inc. (Iron/Steel)

    148      3,744

OM Group, Inc.* (Chemicals)

    1,406      37,990

Omnicell, Inc.* (Software)

    666      6,553

On Assignment, Inc.* (Commercial Services)

    1,628      9,833

Osteotech, Inc.* (Healthcare - Products)

    814      3,516

Oxford Industries, Inc. (Apparel)

    592      11,455

Par Pharmaceutical Cos., Inc.* (Pharmaceuticals)

    962      20,173

PAREXEL International Corp.* (Commercial Services)

    1,554      19,456

Parkway Properties, Inc. (REIT)

    962      16,979

PC-Tel, Inc.* (Internet)

    518      3,035

Peet’s Coffee & Tea, Inc.* (Beverages)

    296      10,064

Penford Corp. (Chemicals)

    518      3,056

Pennsylvania REIT (REIT)

    1,850      13,561

Perry Ellis International, Inc.* (Apparel)

    518      7,081

PharMerica Corp.* (Pharmaceuticals)

    666      10,276

Phase Forward, Inc.* (Software)

    1,258      16,492

Phoenix Technologies, Ltd.* (Software)

    1,184      2,771

Piedmont Natural Gas Co., Inc. (Gas)

    1,850      43,068

Pinnacle Entertainment, Inc.* (Entertainment)

    1,332      11,255

Piper Jaffray Cos., Inc.* (Diversified Financial Services)

    740      34,329

Polaris Industries, Inc. (Leisure Time)

    592      24,905

PolyOne Corp.* (Chemicals)

    4,292      23,949

Post Properties, Inc. (REIT)

    2,072      34,167

Presidential Life Corp. (Insurance)

    962      8,975

ProAssurance Corp.* (Insurance)

    666      33,486

Progress Software Corp.* (Software)

    888      20,513

Prosperity Bancshares, Inc. (Banks)

    962      34,430

PS Business Parks, Inc. (REIT)

    814      39,862

PSS World Medical, Inc.* (Healthcare - Products)

    1,258      25,437

Quaker Chemical Corp. (Chemicals)

    518      10,671

Quanex Building Products Corp. (Building Materials)

    1,702      25,309

Quiksilver, Inc.* (Apparel)

    5,846      11,634

Radiant Systems, Inc.* (Computers)

    518      5,097

RadiSys Corp.* (Computers)

    1,110      9,446

RC2 Corp.* (Toys/Games/Hobbies)

    444      5,799

Red Robin Gourmet Burgers, Inc.* (Retail)

    740      12,365

Regal-Beloit Corp. (Hand/Machine Tools)

    740      34,691

Regeneron Pharmaceuticals, Inc.* (Biotechnology)

    1,702      26,721

RehabCare Group, Inc.* (Healthcare - Services)

    814      15,263

Res-Care, Inc.* (Healthcare - Services)

    592      7,122

Rewards Network, Inc. (Commercial Services)

    444      4,777

RLI Corp. (Insurance)

    370      18,500

Robbins & Myers, Inc. (Machinery - Diversified)

    1,480      34,336

Rock-Tenn Co. - Class A (Forest Products & Paper)

    1,776      77,789

Rogers Corp.* (Electronics)

    296      7,681

RTI International Metals, Inc.* (Mining)

    666      13,793

Ruby Tuesday, Inc.* (Retail)

    2,960      19,714

Rudolph Technologies, Inc.* (Semiconductors)

    1,406      8,914

S&T Bancorp, Inc. (Banks)

    814      12,821

Safety Insurance Group, Inc. (Insurance)

    740      24,768

Sanderson Farms, Inc. (Food)

    370      13,538

Savient Pharmaceuticals, Inc.* (Biotechnology)

    1,924      24,242

ScanSource, Inc.* (Distribution/Wholesale)

    444      11,273

School Specialty, Inc.* (Retail)

    740      16,465

Schulman (A.), Inc. (Chemicals)

    1,184      20,566

Schweitzer-Mauduit International, Inc. (Forest Products & Paper)

    740      38,221

Seahawk Drilling, Inc.* (Oil & Gas)

    222      5,994

Selective Insurance Group, Inc. (Insurance)

    1,184      18,139

Senior Housing Properties Trust (REIT)

    5,772      111,284

Simmons First National Corp. - Class A (Banks)

    370      10,826

Skechers U.S.A., Inc. - Class A* (Apparel)

    1,554      33,908

Skyline Corp. (Home Builders)

    296      5,177

Skyworks Solutions, Inc.* (Semiconductors)

    4,662      48,625

Smith Corp. (Miscellaneous Manufacturing)

    1,036      41,057

Sonic Automotive, Inc. (Retail)

    1,776      15,877

Sonic Corp.* (Retail)

    1,628      15,222

Sonic Solutions* (Electronics)

    444      2,158

South Financial Group, Inc. (Banks)

    7,770      6,216

South Jersey Industries, Inc. (Gas)

    1,406      49,618

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap Value ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Southwest Gas Corp. (Gas)

    2,072    $ 51,779

Sovran Self Storage, Inc. (REIT)

    1,258      37,866

Spartan Motors, Inc. (Auto Parts & Equipment)

    1,480      7,385

Spherion Corp.* (Commercial Services)

    2,368      11,722

Stage Stores, Inc. (Retail)

    1,776      20,957

Standard Microsystems Corp.* (Semiconductors)

    518      9,977

Standard Motor Products, Inc. (Auto Parts & Equipment)

    740      6,186

Standard Pacific Corp.* (Home Builders)

    4,292      12,876

Standex International Corp. (Miscellaneous Manufacturing)

    592      10,407

StarTek, Inc.* (Commercial Services)

    518      3,004

Stein Mart, Inc.* (Retail)

    1,184      11,248

Stepan Co. (Chemicals)

    370      21,179

Sterling Bancorp (Banks)

    814      5,478

Sterling Bancshares, Inc. (Banks)

    3,774      21,021

Sterling Financial Corp.* (Savings & Loans)

    2,442      1,954

Stewart Information Services Corp. (Insurance)

    814      7,277

Stone Energy Corp.* (Oil & Gas)

    1,850      28,361

Sturm, Ruger & Co., Inc. (Miscellaneous Manufacturing)

    592      6,287

Superior Industries International, Inc. (Auto Parts & Equipment)

    1,036      13,758

Supertex, Inc.* (Semiconductors)

    222      5,384

Susquehanna Bancshares, Inc. (Banks)

    3,996      22,018

SWS Group, Inc. (Diversified Financial Services)

    592      7,921

Symmetricom, Inc.* (Telecommunications)

    1,258      6,026

SYNNEX Corp.* (Software)

    888      22,848

Take-Two Interactive Software, Inc.* (Software)

    2,368      25,977

Taleo Corp. - Class A* (Software)

    814      17,696

Tanger Factory Outlet Centers, Inc. (REIT)

    1,850      70,429

Technitrol, Inc. (Electronics)

    1,924      14,988

Tekelec* (Telecommunications)

    1,850      27,787

Tetra Tech, Inc.* (Environmental Control)

    1,850      47,601

Texas Industries, Inc. (Building Materials)

    1,258      41,879

Texas Roadhouse, Inc. - Class A* (Retail)

    1,184      11,212

The Andersons, Inc. (Agriculture)

    814      25,258

The Buckle, Inc. (Retail)

    518      15,545

The Cato Corp. - Class A (Retail)

    1,332      26,254

The Finish Line, Inc. - Class A (Retail)

    2,516      25,512

The Great Atlantic & Pacific Tea Co., Inc.* (Food)

    1,406      13,933

The Hain Celestial Group, Inc.* (Food)

    962      16,873

The Men’s Wearhouse, Inc. (Retail)

    2,368      54,867

The Nautilus Group, Inc.* (Leisure Time)

    1,036      1,854

The Navigators Group, Inc.* (Insurance)

    296      15,709

The Pep Boys - Manny, Moe & Jack (Retail)

    2,146      18,820

The Standard Register Co. (Household Products/Wares)

    592      2,824

The Steak n Shake Co.* (Retail)

    1,110      12,932

Theragenics Corp.* (Pharmaceuticals)

    1,554      2,098

THQ, Inc.* (Software)

    3,108      16,255

Ticketmaster Entertainment, Inc.* (Commercial Services)

    814      7,855

Tollgrade Communications, Inc.* (Telecommunications)

    370      2,202

Tompkins Financial Corp. (Banks)

    222      9,628

Tower Group, Inc. (Insurance)

    1,036      25,465

Tredegar Corp. (Miscellaneous Manufacturing)

    888      12,103

TreeHouse Foods, Inc.* (Food)

    740      27,676

TriQuint Semiconductor, Inc.* (Semiconductors)

    6,808      36,695

Triumph Group, Inc. (Aerospace/Defense)

    740      34,639

TrueBlue, Inc.* (Commercial Services)

    888      10,745

TrustCo Bank Corp. NY (Banks)

    3,478      20,694

Tuesday Morning Corp.* (Retail)

    1,406      4,541

Tween Brands, Inc.* (Retail)

    1,110      9,413

UCBH Holdings, Inc. (Banks)

    2,590      2,538

UIL Holdings Corp. (Electric)

    1,406      36,106

Ultratech Stepper, Inc.* (Semiconductors)

    740      9,561

UMB Financial Corp. (Banks)

    1,332      52,974

Umpqua Holdings Corp. (Banks)

    3,774      37,400

UniFirst Corp. (Textiles)

    370      15,577

Unisource Energy Corp. (Electric)

    1,628      47,017

United Bankshares, Inc. (Banks)

    1,702      30,381

United Community Banks, Inc.* (Banks)

    1,850      7,511

United Fire & Casualty Co. (Insurance)

    1,036      18,109

United Natural Foods, Inc.* (Food)

    740      17,841

United Stationers, Inc.* (Distribution/Wholesale)

    592      27,907

Universal Electronics, Inc.* (Home Furnishings)

    222      4,573

Universal Forest Products, Inc. (Building Materials)

    814      29,044

Urstadt Biddle Properties - Class A (REIT)

    962      14,209

USA Mobility, Inc. (Telecommunications)

    962      10,486

Veeco Instruments, Inc.* (Semiconductors)

    1,776      43,246

Vicor Corp.* (Electrical Components & Equipment)

    888      6,056

Volt Information Sciences, Inc.* (Commercial Services)

    592      4,801

Watsco, Inc. (Distribution/Wholesale)

    1,480      75,806

Watts Water Technologies, Inc. - Class A (Electronics)

    1,332      37,629

Wausau-Mosinee Paper Corp. (Forest Products & Paper)

    2,220      19,469

WD-40 Co. (Household Products/Wares)

    370      11,651

West Pharmaceutical Services, Inc. (Healthcare - Products)

    518      20,445

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap Value ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value  

Common Stocks, continued

      

Whitney Holding Corp. (Banks)

    4,144    $ 33,276   

Winnebago Industries, Inc.* (Home Builders)

    592      6,808   

Wintrust Financial Corp. (Banks)

    1,110      31,313   

Wolverine World Wide, Inc. (Apparel)

    962      24,608   

World Fuel Services Corp. (Retail)

    444      22,577   

Zale Corp.* (Retail)

    1,110      5,250   

Zenith National Insurance Corp. (Insurance)

    740      21,112   

Zep, Inc. (Chemicals)

    444      7,592   

Zoll Medical Corp.* (Healthcare - Products)

    518      10,060   
           

TOTAL COMMON STOCKS
(Cost $5,814,778)

         8,220,499   
           

TOTAL INVESTMENT SECURITIES
(Cost $5,814,778)—100.2%

         8,220,499   

Net other assets (liabilities) — (0.2)%

         (15,501 ) 
           

NET ASSETS — 100.0%

       $ 8,204,998   
           

 

*

Non-income producing security

Small-Cap Value ProFund invested in the following industries as of October 31, 2009:

 

     Value     % of
Net Assets		  

Aerospace/Defense

    $ 131,349      1.6 % 

Agriculture

      43,207      0.5 % 

Apparel

      132,729      1.6 % 

Auto Parts & Equipment

      38,155      0.5 % 

Banks

      655,292      8.0 % 

Beverages

      10,064      0.1 % 

Biotechnology

      68,490      0.8 % 

Building Materials

      135,284      1.6 % 

Chemicals

      232,459      2.8 % 

Commercial Services

      424,836      5.2 % 

Computers

      73,787      0.9 % 

Distribution/Wholesale

      145,751      1.8 % 

Diversified Financial Services

      105,551      1.3 % 

Electric

      236,296      2.9 % 

Electrical Components & Equipment

      101,185      1.2 % 

Electronics

      249,275      3.0 % 

Engineering & Construction

      95,195      1.2 % 

Entertainment

      11,255      0.1 % 

Environmental Control

      73,389      0.9 % 

Food

      165,244      2.0 % 

Forest Products & Paper

      168,335      2.1 % 

Gas

      275,328      3.4 % 

Hand/Machine Tools

      84,426      1.0 % 

Healthcare - Products

      264,716      3.2 % 

Healthcare - Services

      189,728      2.3 % 

Home Builders

      33,953      0.4 % 

Home Furnishings

      50,773      0.7 % 

Household Products/Wares

      72,285      0.9 % 

Housewares

      19,298      0.2 % 

Insurance

      249,554      3.0 % 

Internet

      54,616      0.7 % 

Iron/Steel

      18,957      0.2 % 

Leisure Time

      84,507      1.0 % 

Lodging

      11,255      0.1 % 

Machinery - Diversified

      182,428      2.2 % 

Media

      8,472      0.1 % 

Metal Fabricate/Hardware

      38,854      0.5 % 

Mining

      41,392      0.5 % 

Miscellaneous Manufacturing

      271,042      3.3 % 

Office Furnishings

      20,098      0.2 % 

Oil & Gas

      86,629      1.1 % 

Oil & Gas Services

      23,236      0.3 % 

Pharmaceuticals

      41,930      0.5 % 

REIT

      1,097,117      13.7 % 

Real Estate

      24,029      0.3 % 

Retail

      724,733      8.8 % 

Savings & Loans

      41,771      0.5 % 

Semiconductors

      295,197      3.6 % 

Software

      220,614      2.7 % 

Storage/Warehousing

      10,730      0.1 % 

Telecommunications

      232,558      2.8 % 

Textiles

      35,246      0.4 % 

Toys/Games/Hobbies

      14,223      0.2 % 

Transportation

      76,692      0.9 % 

Water

      26,984      0.3 % 

Other**

      (15,501 )    (0.2 )% 
              

Total

    $ 8,204,998      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 Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap Value ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    Total

Description

      

Investment Securities:

      

Common Stocks

    $ 8,220,499    $ 8,220,499
             

Total Investment Securities

    $ 8,220,499    $ 8,220,499
             

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap Growth ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks (100.5%)

      

A.M. Castle & Co. (Metal Fabricate/Hardware)

    1,074    $ 12,104

AAON, Inc. (Building Materials)

    716      12,895

AAR Corp.* (Aerospace/Defense)

    2,506      49,143

Abaxis, Inc.* (Healthcare - Products)

    1,432      32,678

Actel Corp.* (Semiconductors)

    716      8,535

Actuant Corp. - Class A (Miscellaneous Manufacturing)

    4,296      67,061

Acuity Brands, Inc. (Miscellaneous Manufacturing)

    1,432      45,337

Aerovironment, Inc.* (Aerospace/Defense)

    1,074      28,633

Air Methods Corp.* (Healthcare - Services)

    716      21,867

Align Technology, Inc.* (Healthcare - Products)

    1,432      22,511

Almost Family, Inc.* (Healthcare - Services)

    358      10,865

AMCOL International Corp. (Mining)

    895      23,306

Amedisys, Inc.* (Healthcare - Services)

    1,790      71,224

American Medical Systems Holdings, Inc.* (Healthcare - Products)

    2,327      35,882

American Physicians Capital, Inc. (Insurance)

    715      20,220

American Public Education, Inc.* (Commercial Services)

    716      22,840

American Science & Engineering, Inc. (Electronics)

    537      35,506

American Vanguard Corp. (Chemicals)

    1,074      8,914

Amerisafe, Inc.* (Insurance)

    1,253      23,231

AMN Healthcare Services, Inc.* (Commercial Services)

    1,432      11,914

AmSurg Corp.* (Healthcare - Services)

    1,969      41,487

Anixter International, Inc.* (Telecommunications)

    1,074      44,947

Applied Signal Technology, Inc. (Telecommunications)

    537      11,003

Arbitron, Inc. (Commercial Services)

    716      15,523

ArQule, Inc.* (Biotechnology)

    537      1,799

Arris Group, Inc.* (Telecommunications)

    5,191      53,260

Astec Industries, Inc.* (Machinery - Construction & Mining)

    1,253      28,819

ATC Technology Corp.* (Auto Parts & Equipment)

    537      11,223

ATMI, Inc.* (Semiconductors)

    1,969      29,830

Atwood Oceanics, Inc.* (Oil & Gas)

    1,969      69,880

AZZ, Inc.* (Miscellaneous Manufacturing)

    358      12,265

Badger Meter, Inc. (Electronics)

    537      20,014

Balchem Corp. (Chemicals)

    1,253      34,570

Bank of the Ozarks, Inc. (Banks)

    716      16,289

Basic Energy Services, Inc.* (Oil & Gas Services)

    1,432      10,024

Bel Fuse, Inc. - Class B (Electronics)

    716      12,960

Benchmark Electronics, Inc.* (Electronics)

    2,148      36,086

Bio-Reference Laboratories, Inc.* (Healthcare - Services)

    537      17,361

BJ’s Restaurants, Inc.* (Retail)

    716      11,427

Blackbaud, Inc. (Software)

    2,864      63,552

Blue Coat Systems, Inc.* (Internet)

    1,074      23,929

Blue Nile, Inc.* (Internet)

    537      32,247

Boston Beer Co., Inc. - Class A* (Beverages)

    716      27,208

Brady Corp. - Class A (Electronics)

    1,969      53,321

Bristow Group, Inc.* (Transportation)

    895      26,089

Brooks Automation, Inc.* (Semiconductors)

    1,969      13,547

Brush Engineered Materials, Inc.* (Mining)

    1,253      23,118

Buffalo Wild Wings, Inc.* (Retail)

    537      22,022

Cabot Microelectronics Corp.* (Chemicals)

    716      22,898

CACI International, Inc. - Class A* (Computers)

    1,969      93,764

Cal-Maine Foods, Inc. (Food)

    358      9,720

Calgon Carbon Corp.* (Environmental Control)

    1,253      19,848

California Pizza Kitchen, Inc.* (Retail)

    716      9,301

Cambrex Corp.* (Biotechnology)

    1,253      7,518

Capella Education Co.* (Commercial Services)

    895      61,665

CARBO Ceramics, Inc. (Oil & Gas Services)

    1,253      73,163

Carter’s, Inc.* (Apparel)

    3,580      84,488

Cascade Corp. (Machinery - Diversified)

    358      8,893

Casey’s General Stores, Inc. (Retail)

    1,969      62,083

Cash America International, Inc. (Retail)

    1,074      32,499

Catalyst Health Solutions, Inc.* (Pharmaceuticals)

    2,506      78,613

Cbeyond, Inc.* (Telecommunications)

    1,611      21,507

CEC Entertainment, Inc.* (Retail)

    1,432      41,829

Ceradyne, Inc.* (Miscellaneous Manufacturing)

    1,611      25,969

Chattem, Inc.* (Cosmetics/Personal Care)

    1,253      79,403

Chemed Corp. (Commercial Services)

    1,432      64,898

CIRCOR International, Inc. (Metal Fabricate/Hardware)

    358      9,756

CKE Restaurants, Inc. (Retail)

    1,969      17,229

Clarcor, Inc. (Miscellaneous Manufacturing)

    1,790      52,680

Clearwater Paper Corp.* (Forest Products & Paper)

    358      16,207

Cognex Corp. (Machinery - Diversified)

    1,253      20,161

Cohu, Inc. (Semiconductors)

    895      10,185

Coinstar, Inc.* (Commercial Services)

    1,969      62,496

Comfort Systems USA, Inc. (Building Materials)

    537      5,853

Commvault Systems, Inc.* (Software)

    2,685      52,894

Computer Programs & Systems, Inc. (Software)

    537      22,683

comScore, Inc.* (Internet)

    537      8,232

Comtech Telecommunications Corp.* (Telecommunications)

    1,790      57,495

Concur Technologies, Inc.* (Software)

    2,685      95,693

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap Growth ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

CONMED Corp.* (Healthcare - Products)

    716    $ 15,172

Cooper Cos., Inc. (Healthcare - Products)

    1,432      40,110

CorVel Corp.* (Commercial Services)

    358      10,203

Cracker Barrel Old Country Store, Inc. (Retail)

    1,432      47,471

Crocs, Inc.* (Apparel)

    5,370      32,650

CryoLife, Inc.* (Biotechnology)

    537      3,222

CSG Systems International, Inc.* (Software)

    1,253      20,474

Cubic Corp. (Electronics)

    537      18,639

Cubist Pharmaceuticals, Inc.* (Pharmaceuticals)

    3,759      63,677

Curtiss-Wright Corp. (Aerospace/Defense)

    2,864      85,404

Cyberonics, Inc.* (Healthcare - Products)

    537      7,765

CyberSource Corp.* (Internet)

    4,475      73,300

Cymer, Inc.* (Electronics)

    1,969      67,419

Daktronics, Inc. (Electronics)

    2,148      16,153

Darling International, Inc.* (Environmental Control)

    5,370      37,321

DealerTrack Holdings, Inc.* (Internet)

    2,506      41,299

Deckers Outdoor Corp.* (Apparel)

    895      80,255

Deltic Timber Corp. (Forest Products & Paper)

    716      30,430

Diamond Foods, Inc. (Food)

    1,074      32,381

Digi International, Inc.* (Software)

    895      7,115

Diodes, Inc.* (Semiconductors)

    2,148      35,184

Dionex Corp.* (Electronics)

    1,074      72,903

Dress Barn, Inc.* (Retail)

    2,864      51,695

Drew Industries, Inc.* (Building Materials)

    1,253      23,982

Drill-Quip, Inc.* (Oil & Gas Services)

    1,969      95,674

DTS, Inc.* (Home Furnishings)

    358      10,114

Eagle Materials, Inc. - Class A (Building Materials)

    2,864      71,170

East West Bancorp, Inc. (Banks)

    5,728      51,724

Ebix, Inc.* (Software)

    537      33,079

Eclipsys Corp.* (Software)

    1,253      23,494

eHealth, Inc.* (Insurance)

    1,611      22,925

El Paso Electric Co.* (Electric)

    1,253      23,494

Electro Scientific Industries, Inc.* (Electronics)

    1,790      19,583

Employers Holdings, Inc. (Insurance)

    3,043      45,097

EMS Technologies, Inc.* (Telecommunications)

    358      6,240

Encore Wire Corp. (Electrical Components & Equipment)

    1,253      26,000

Enzo Biochem, Inc.* (Biotechnology)

    537      2,959

Epicor Software Corp.* (Software)

    2,864      22,110

EPIQ Systems, Inc.* (Software)

    1,969      24,829

eResearchTechnology, Inc.* (Internet)

    2,685      19,869

ESCO Technologies, Inc.* (Miscellaneous Manufacturing)

    716      28,124

Esterline Technologies Corp.* (Aerospace/Defense)

    895      37,688

Exar Corp.* (Semiconductors)

    1,253      8,646

Exponent, Inc.* (Commercial Services)

    358      9,312

EZCORP, Inc. - Class A* (Retail)

    2,148      27,860

FARO Technologies, Inc.* (Electronics)

    1,074      16,604

FEI Co.* (Electronics)

    895      21,310

First BanCorp (Banks)

    2,685      5,075

First Cash Financial Services, Inc.* (Retail)

    1,611      27,677

First Financial Bankshares, Inc. (Banks)

    716      34,690

Forrester Research, Inc.* (Commercial Services)

    537      13,602

Forward Air Corp. (Transportation)

    1,790      38,199

Gardner Denver, Inc.* (Machinery - Diversified)

    3,401      122,130

General Communication, Inc. - Class A* (Telecommunications)

    1,253      7,706

Genesco, Inc.* (Retail)

    716      18,666

Genoptix, Inc.* (Healthcare - Services)

    358      12,455

Gentiva Health Services, Inc.* (Healthcare - Services)

    895      21,480

Glacier Bancorp, Inc. (Banks)

    2,148      28,117

Greatbatch, Inc.* (Electrical Components & Equipment)

    716      14,084

Green Mountain Coffee Roasters, Inc.* (Beverages)

    1,969      131,037

Greenhill & Co., Inc. (Diversified Financial Services)

    1,253      108,046

Haemonetics Corp.* (Healthcare - Products)

    895      46,092

Hancock Holding Co. (Banks)

    716      25,969

Hanger Orthopedic Group, Inc.* (Healthcare - Products)

    716      9,909

Hanmi Financial Corp.* (Banks)

    1,074      1,643

Headwaters, Inc.* (Energy - Alternate Sources)

    3,222      13,275

Healthcare Services Group, Inc. (Commercial Services)

    1,253      24,747

HealthSpring, Inc.* (Healthcare - Services)

    1,790      25,651

Healthways, Inc.* (Healthcare - Services)

    2,148      34,540

Heartland Express, Inc. (Transportation)

    3,401      46,254

Heartland Payment Systems, Inc. (Commercial Services)

    2,327      28,599

Heidrick & Struggles International, Inc. (Commercial Services)

    716      19,590

Helen of Troy, Ltd.* (Household Products/Wares)

    537      12,265

Hibbett Sports, Inc.* (Retail)

    1,790      33,545

Hittite Microwave Corp.* (Semiconductors)

    1,253      46,110

HMS Holdings Corp.* (Commercial Services)

    895      38,422

Holly Corp. (Oil & Gas)

    1,969      57,121

Home Bancshares, Inc. (Banks)

    537      11,615

Hornbeck Offshore Services, Inc.* (Oil & Gas Services)

    1,432      34,812

Hot Topic, Inc.* (Retail)

    1,790      13,783

HSN, Inc.* (Retail)

    2,506      37,440

Hub Group, Inc. - Class A* (Transportation)

    1,253      31,150

Iconix Brand Group, Inc.* (Apparel)

    2,148      25,046

ICU Medical, Inc.* (Healthcare - Products)

    895      31,325

II-VI, Inc.* (Electronics)

    1,611      42,643

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap Growth ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Independent Bank Corp./MA (Banks)

    537    $ 11,422

Infinity Property & Casualty Corp. (Insurance)

    358      13,844

InfoSpace, Inc.* (Internet)

    2,327      19,942

Insituform Technologies, Inc. - Class A* (Engineering & Construction)

    895      18,974

Integra LifeSciences Holdings* (Biotechnology)

    1,253      38,267

Integral Systems, Inc.* (Computers)

    1,074      9,022

Intermec, Inc.* (Machinery - Diversified)

    1,074      13,232

Interval Leisure Group, Inc.* (Leisure Time)

    1,253      13,983

Intevac, Inc.* (Machinery - Diversified)

    1,432      14,606

inVentiv Health, Inc.* (Advertising)

    2,148      36,473

Investment Technology Group, Inc.* (Diversified Financial Services)

    1,611      34,749

ION Geophysical Corp.* (Oil & Gas Services)

    7,518      28,794

IPC The Hospitalist Co.* (Healthcare - Services)

    358      10,847

J & J Snack Foods Corp. (Food)

    358      14,023

j2 Global Communications, Inc.* (Internet)

    2,864      58,569

Jack in the Box, Inc.* (Retail)

    2,327      43,655

JAKKS Pacific, Inc.* (Toys/Games/Hobbies)

    1,074      15,283

Jos. A. Bank Clothiers, Inc.* (Retail)

    1,253      51,348

K-Swiss, Inc. - Class A (Apparel)

    1,790      14,606

Kaydon Corp. (Metal Fabricate/Hardware)

    1,253      43,842

Kendle International, Inc.* (Commercial Services)

    537      9,065

Kensey Nash Corp.* (Healthcare - Products)

    358      8,560

Knight Transportation, Inc. (Transportation)

    3,580      57,423

Kopin Corp.* (Semiconductors)

    1,432      6,358

Kulicke & Soffa Industries, Inc.* (Semiconductors)

    4,296      19,976

LaBranche & Co., Inc.* (Diversified Financial Services)

    1,074      2,964

Laclede Group, Inc. (Gas)

    716      21,988

Landauer, Inc. (Commercial Services)

    358      18,541

LaSalle Hotel Properties (REIT)

    2,327      39,931

LCA-Vision, Inc.* (Healthcare - Products)

    1,253      5,639

LHC Group, Inc.* (Healthcare - Services)

    895      24,979

Lindsay Manufacturing Co. (Machinery - Diversified)

    358      11,753

Littelfuse, Inc.* (Electrical Components & Equipment)

    716      19,733

LoJack Corp.* (Electronics)

    716      3,022

Lufkin Industries, Inc. (Oil & Gas Services)

    895      51,060

Magellan Health Services, Inc.* (Healthcare - Services)

    2,327      74,767

Maidenform Brands, Inc.* (Apparel)

    1,253      17,642

Manhattan Associates, Inc.* (Computers)

    895      20,540

Mannatech, Inc. (Pharmaceuticals)

    1,074      3,652

Martek Biosciences Corp.* (Biotechnology)

    2,148      38,578

Medical Properties Trust, Inc. (REIT)

    2,864      22,912

Mednax, Inc.* (Healthcare - Services)

    2,864      148,699

Meridian Bioscience, Inc. (Healthcare - Products)

    2,685      59,580

Merit Medical Systems, Inc.* (Healthcare - Products)

    1,074      18,237

Meritage Homes Corp.* (Home Builders)

    1,969      35,915

Micrel, Inc. (Semiconductors)

    2,864      21,394

Microsemi Corp.* (Semiconductors)

    2,506      33,355

MKS Instruments, Inc.* (Semiconductors)

    3,222      50,392

Mobile Mini, Inc.* (Storage/Warehousing)

    1,253      18,168

Molina Healthcare, Inc.* (Healthcare - Services)

    895      16,754

Monarch Casino & Resort, Inc.* (Lodging)

    716      4,969

Monro Muffler Brake, Inc. (Commercial Services)

    537      16,642

Moog, Inc. - Class A* (Aerospace/Defense)

    1,432      35,757

MTS Systems Corp. (Computers)

    537      14,231

Mueller Industries, Inc. (Metal Fabricate/Hardware)

    2,327      55,057

MWI Veterinary Supply, Inc.* (Distribution/Wholesale)

    537      19,010

Nara Bancorp, Inc. (Banks)

    1,969      14,492

NATCO Group, Inc. - Class A* (Oil & Gas Services)

    1,253      54,606

Natus Medical, Inc.* (Healthcare - Products)

    1,790      24,863

NBT Bancorp, Inc. (Banks)

    895      19,511

Neogen Corp.* (Pharmaceuticals)

    537      17,023

NETGEAR, Inc.* (Telecommunications)

    2,148      39,158

NetScout Systems, Inc.* (Computers)

    1,432      17,599

Neutral Tandem, Inc.* (Telecommunications)

    1,074      22,651

NewMarket Corp. (Chemicals)

    537      50,209

Nutri/System, Inc. (Commercial Services)

    1,969      42,373

Odyssey Healthcare, Inc.* (Healthcare - Services)

    895      12,476

Oil States International, Inc.* (Oil & Gas Services)

    3,222      110,966

Old Dominion Freight Line, Inc.* (Transportation)

    1,790      46,522

Olympic Steel, Inc. (Iron/Steel)

    358      9,057

Omnicell, Inc.* (Software)

    1,074      10,568

optionsXpress Holdings, Inc. (Diversified Financial Services)

    2,685      41,967

Orbital Sciences Corp.* (Aerospace/Defense)

    3,580      46,110

P.F. Chang’s China Bistro, Inc.* (Retail)

    1,611      47,025

Palomar Medical Technologies, Inc.* (Healthcare - Products)

    1,074      10,912

Papa John’s International, Inc.* (Retail)

    1,432      32,220

Par Pharmaceutical Cos., Inc.* (Pharmaceuticals)

    895      18,768

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap Growth ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

PAREXEL International Corp.* (Commercial Services)

    1,611    $ 20,170

Park Electrochemical Corp. (Electronics)

    1,253      28,167

PC-Tel, Inc.* (Internet)

    537      3,147

Peet’s Coffee & Tea, Inc.* (Beverages)

    358      12,172

Penn Virginia Corp. (Oil & Gas)

    2,864      57,996

Perficient, Inc.* (Internet)

    2,148      17,485

Pericom Semiconductor Corp.* (Semiconductors)

    1,611      15,160

PetMed Express, Inc. (Pharmaceuticals)

    1,432      22,468

Petroleum Development* (Oil & Gas)

    1,253      20,925

PetroQuest Energy, Inc.* (Oil & Gas)

    3,222      19,751

PharMerica Corp.* (Pharmaceuticals)

    1,074      16,572

Phase Forward, Inc.* (Software)

    895      11,733

Phoenix Technologies, Ltd.* (Software)

    537      1,257

Piedmont Natural Gas Co., Inc. (Gas)

    2,148      50,005

Pinnacle Entertainment, Inc.* (Entertainment)

    1,969      16,638

Pinnacle Financial Partners, Inc.* (Banks)

    1,969      25,006

Pioneer Drilling Co.* (Oil & Gas)

    3,222      21,555

Plexus Corp.* (Electronics)

    2,506      63,402

Polaris Industries, Inc. (Leisure Time)

    1,253      52,714

Pool Corp. (Distribution/Wholesale)

    3,043      59,582

Portfolio Recovery Associates, Inc.* (Diversified Financial Services)

    1,074      49,554

Pre-Paid Legal Services, Inc. (Commercial Services)

    537      21,233

PrivateBancorp, Inc. (Banks)

    3,580      32,685

ProAssurance Corp.* (Insurance)

    1,253      63,001

Progress Software Corp.* (Software)

    1,253      28,944

Prosperity Bancshares, Inc. (Banks)

    1,253      44,845

PSS World Medical, Inc.* (Healthcare - Products)

    1,969      39,813

Quality Systems, Inc. (Software)

    1,253      76,458

Radiant Systems, Inc.* (Computers)

    1,074      10,568

RC2 Corp.* (Toys/Games/Hobbies)

    537      7,013

Regal-Beloit Corp. (Hand/Machine Tools)

    1,253      58,741

Regeneron Pharmaceuticals, Inc.* (Biotechnology)

    1,611      25,293

Res-Care, Inc.* (Healthcare - Services)

    895      10,767

RLI Corp. (Insurance)

    716      35,800

Rogers Corp.* (Electronics)

    537      13,935

RTI International Metals, Inc.* (Mining)

    716      14,828

Ruth’s Hospitality Group, Inc.* (Retail)

    1,253      3,897

S&T Bancorp, Inc. (Banks)

    358      5,639

Salix Pharmaceuticals, Ltd.* (Pharmaceuticals)

    3,043      55,961

Sanderson Farms, Inc. (Food)

    537      19,649

Savient Pharmaceuticals, Inc.* (Biotechnology)

    1,074      13,532

ScanSource, Inc.* (Distribution/Wholesale)

    1,074      27,269

SEACOR SMIT, Inc.* (Oil & Gas Services)

    1,253      101,831

Seahawk Drilling, Inc.* (Oil & Gas)

    537      14,499

Selective Insurance Group, Inc. (Insurance)

    1,611      24,681

Shuffle Master, Inc.* (Entertainment)

    3,401      26,562

Sigma Designs, Inc.* (Semiconductors)

    1,611      19,348

Signature Bank* (Banks)

    2,506      79,089

Simmons First National Corp. - Class A (Banks)

    358      10,475

Simpson Manufacturing Co., Inc. (Building Materials)

    2,506      58,615

SkyWest, Inc. (Airlines)

    3,580      50,013

Skyworks Solutions, Inc.* (Semiconductors)

    4,296      44,807

Smith Micro Software, Inc.* (Software)

    1,790      16,253

Sonic Corp.* (Retail)

    1,611      15,063

Sonic Solutions* (Electronics)

    1,074      5,220

Spartan Stores, Inc. (Food)

    1,432      20,277

St. Mary Land & Exploration Co. (Oil & Gas)

    3,938      134,286

Stamps.com, Inc.* (Internet)

    895      8,986

Standard Microsystems Corp.* (Semiconductors)

    716      13,790

Stanley, Inc.* (Engineering & Construction)

    895      25,284

Stifel Financial Corp.* (Diversified Financial Services)

    1,790      93,008

Stratasys, Inc.* (Computers)

    1,253      19,772

Sturm, Ruger & Co., Inc. (Miscellaneous Manufacturing)

    358      3,802

Superior Well Services, Inc.* (Oil & Gas Services)

    1,074      11,395

Supertex, Inc.* (Semiconductors)

    537      13,022

SurModics, Inc.* (Healthcare - Products)

    895      22,921

Swift Energy Co.* (Oil & Gas)

    2,327      49,286

SWS Group, Inc. (Diversified Financial Services)

    895      11,975

Sykes Enterprises, Inc.* (Computers)

    2,148      50,994

Symmetricom, Inc.* (Telecommunications)

    1,074      5,144

Symmetry Medical, Inc.* (Healthcare - Products)

    2,327      18,616

Synaptics, Inc.* (Computers)

    2,148      48,330

Take-Two Interactive Software, Inc.* (Software)

    1,790      19,636

Taleo Corp. - Class A* (Software)

    895      19,457

Tekelec* (Telecommunications)

    1,790      26,886

Teledyne Technologies, Inc.* (Aerospace/Defense)

    2,327      79,490

TeleTech Holdings, Inc.* (Commercial Services)

    1,790      32,023

Tetra Tech, Inc.* (Environmental Control)

    1,253      32,240

TETRA Technologies, Inc.* (Oil & Gas Services)

    4,833      45,720

Texas Roadhouse, Inc. - Class A* (Retail)

    1,611      15,256

The Buckle, Inc. (Retail)

    716      21,487

The Children’s Place Retail Stores, Inc.* (Retail)

    1,611      50,666

The Geo Group, Inc.* (Commercial Services)

    3,222      68,145

The Gymboree Corp.* (Apparel)

    1,790      76,200

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap Growth ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value  

Common Stocks, continued

      

The Hain Celestial Group, Inc.* (Food)

      1,253    $ 21,978   

The Knot, Inc.* (Internet)

      1,969      21,009   

The Navigators Group, Inc.* (Insurance)

      358      18,999   

Ticketmaster Entertainment, Inc.* (Commercial Services)

      1,432      13,819   

Tollgrade Communications, Inc.* (Telecommunications)

      179      1,065   

Tompkins Financial Corp. (Banks)

      179      7,763   

Toro Co. (Housewares)

      2,327      86,146   

Tower Group, Inc. (Insurance)

      1,074      26,399   

Tractor Supply Co.* (Retail)

      2,327      104,017   

TradeStation Group, Inc.* (Diversified Financial Services)

      1,969      15,201   

TreeHouse Foods, Inc.* (Food)

      1,074      40,168   

True Religion Apparel, Inc.* (Apparel)

      1,611      41,515   

TrueBlue, Inc.* (Commercial Services)

      1,611      19,493   

TTM Technologies, Inc.* (Electronics)

      2,864      29,127   

Tyler Technologies, Inc.* (Computers)

      1,790      34,046   

UCBH Holdings, Inc. (Banks)

      4,117      4,035   

Ultratech Stepper, Inc.* (Semiconductors)

      537      6,938   

UniFirst Corp. (Textiles)

      358      15,072   

United Community Banks, Inc.* (Banks)

      3,401      13,808   

United Natural Foods, Inc.* (Food)

      1,790      43,157   

United Online, Inc. (Internet)

      5,370      42,960   

United Stationers, Inc.* (Distribution/Wholesale)

      716      33,752   

Universal Electronics, Inc.* (Home Furnishings)

      537      11,062   

Universal Technical Institute, Inc.* (Commercial Services)

      1,253      22,541   

Varian Semiconductor Equipment Associates, Inc.* (Semiconductors)

      4,654      132,127   

Viad Corp. (Commercial Services)

      1,253      21,927   

ViaSat, Inc.* (Telecommunications)

      1,790      52,178   

ViroPharma, Inc.* (Pharmaceuticals)

      5,012      37,790   

Volcom, Inc.* (Apparel)

      1,074      17,839   

WD-40 Co. (Household Products/Wares)

      537      16,910   

Websense, Inc.* (Internet)

      2,864      45,996   

West Pharmaceutical Services, Inc. (Healthcare - Products)

      1,432      56,521   

Wilshire Bancorp, Inc. (Banks)

      1,253      8,821   

Winnebago Industries, Inc.* (Home Builders)

      1,074      12,351   

Wolverine World Wide, Inc. (Apparel)

      1,790      45,788   

World Acceptance Corp.* (Diversified Financial Services)

      1,074      26,947   

World Fuel Services Corp. (Retail)

      1,253      63,715   

Wright Express Corp.* (Commercial Services)

      2,506      69,942   

Zenith National Insurance Corp. (Insurance)

      1,432      40,855   

Zep, Inc. (Chemicals)

      716      12,244   

Zoll Medical Corp.* (Healthcare - Products)

      537      10,429   

Zumiez, Inc.* (Retail)

      1,253      16,878   
           

TOTAL COMMON STOCKS
(Cost $9,439,818)

         11,679,736   
           
     Principal
Amount		       

Repurchase Agreements (0.5%)

      

Bank of America, 0.02%, 11/2/09, dated 10/30/09, with a repurchase price of $18,000 (Collateralized by $17,500 U.S. Treasury Note, 3.75%, 11/15/18, market value $18,450)

    $ 18,000      18,000   

Deutsche Bank, 0.01%, 11/2/09, dated 10/30/09, with a repurchase price of $11,000 (Collateralized by $12,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $11,993)

      11,000      11,000   

HSBC, 0.02%, 11/2/09, dated 10/30/09, with a repurchase price of $22,000 (Collateralized by $21,000 Federal National Mortgage Association, 6.00%, 5/15/11, market value $23,253)

      22,000      22,000   

UMB, 0.02%, 11/2/09, dated 10/30/09, with a repurchase price of $9,000 (Collateralized by $10,000 U.S. Treasury Note, 1.00%, 7/31/11, market value $10,067)

      9,000      9,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $60,000)

         60,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $9,499,818)—101.0%

         11,739,736   

Net other assets (liabilities) — (1.0)%

         (120,772 ) 
           

NET ASSETS — 100.0%

       $ 11,618,964   
           

 

*

Non-income producing security

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

Small-Cap Growth ProFund invested in the following industries as of October 31, 2009:

 

     Value    % of
Net Assets		  

Advertising

    $ 36,473    0.3 % 

Aerospace/Defense

      362,225    3.1 % 

Airlines

      50,013    0.4 % 

Apparel

      436,029    3.8 % 

Auto Parts & Equipment

      11,223    0.1 % 

Banks

      452,713    3.9 % 

Beverages

      170,417    1.5 % 

Biotechnology

      131,168    1.1 % 

Building Materials

      172,515    1.5 % 

Chemicals

      128,835    1.1 % 

Commercial Services

      759,725    6.5 % 

Computers

      318,866    2.7 % 

Cosmetics/Personal Care

      79,403    0.7 % 

Distribution/Wholesale

      139,613    1.2 % 

Diversified Financial Services

      384,411    3.3 % 

Electric

      23,494    0.2 % 

Electrical Components & Equipment

      59,817    0.5 % 

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap Growth ProFund    October 31, 2009
(unaudited)   

 

Electronics

      576,014      5.0 % 

Energy - Alternate Sources

      13,275      0.1 % 

Engineering & Construction

      44,258      0.4 % 

Entertainment

      43,200      0.4 % 

Environmental Control

      89,409      0.8 % 

Food

      201,353      1.7 % 

Forest Products & Paper

      46,637      0.4 % 

Gas

      71,993      0.6 % 

Hand/Machine Tools

      58,741      0.5 % 

Healthcare - Products

      517,535      4.5 % 

Healthcare - Services

      556,219      4.8 % 

Home Builders

      48,266      0.4 % 

Home Furnishings

      21,176      0.2 % 

Household Products/Wares

      29,175      0.3 % 

Housewares

      86,146      0.7 % 

Insurance

      335,052      2.9 % 

Internet

      416,970      3.6 % 

Iron/Steel

      9,057      0.1 % 

Leisure Time

      66,697      0.6 % 

Lodging

      4,969      NM   

Machinery - Construction & Mining

      28,819      0.2 % 

Machinery - Diversified

      190,775      1.6 % 

Metal Fabricate/Hardware

      120,759      1.0 % 

Mining

      61,252      0.5 % 

Miscellaneous Manufacturing

      235,238      2.0 % 

Oil & Gas

      445,299      3.8 % 

Oil & Gas Services

      618,045      5.3 % 

Pharmaceuticals

      314,524      2.7 % 

REIT

      62,843      0.5 % 

Retail

      919,754      8.1 % 

Semiconductors

      528,704      4.6 % 

Software

      550,229      4.7 % 

Storage/Warehousing

      18,168      0.2 % 

Telecommunications

      349,240      3.0 % 

Textiles

      15,072      0.1 % 

Toys/Games/Hobbies

      22,296      0.2 % 

Transportation

      245,637      2.1 % 

Other**

      (60,772 )    (0.5 )% 
              

Total

    $ 11,618,964      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 Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Small-Cap Growth ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2    Total

Description

         

Investment Securities:

         

Common Stocks

    $ 11,679,736    $ —      $ 11,679,736

Repurchase Agreements

      —        60,000      60,000
                    

Total Investment Securities

    $ 11,679,736    $ 60,000    $ 11,739,736
                    

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Europe 30 ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks † (98.2%)

      

ABB, Ltd. (Engineering & Construction)

      18,984    $ 351,774

ACE, Ltd. (Insurance)

      5,376      276,111

Alcon, Inc. (Healthcare - Products)

      2,688      383,820

ArcelorMittal (Iron/Steel)

      10,920      371,498

AstraZeneca PLC (Pharmaceuticals)

      9,240      414,968

Barclays PLC* (Banks)

      18,312      382,721

BHP Billiton PLC (Mining)

      13,272      719,342

BP PLC (Oil & Gas)

      13,440      760,973

Covidien PLC (Healthcare - Products)

      7,056      297,199

Credit Suisse Group (Diversified Financial Services)

      8,232      438,766

Deutsche Bank AG (Banks)

      5,040      361,015

Diageo PLC (Beverages)

      5,544      360,471

DryShips, Inc.* (Transportation)

      27,720      167,429

GlaxoSmithKline PLC (Pharmaceuticals)

      13,944      573,935

HSBC Holdings PLC (Banks)

      15,120      837,497

Nokia, Corp. (Telecommunications)

      24,528      309,298

Novartis AG (Pharmaceuticals)

      13,104      680,753

Rio Tinto PLC (Mining)

      2,184      388,817

Royal Dutch Shell PLC - Class A (Oil & Gas)

      13,272      788,489

Sanofi-Aventis (Pharmaceuticals)

      14,616      539,623

SAP AG (Software)

      8,232      372,663

Siemens AG (Miscellaneous Manufacturing)

      5,376      483,947

Telefonaktiebolaget LM Ericsson (Telecommunications)

      31,752      330,221

Tenaris S.A. (Iron/Steel)

      8,400      299,208

Total Fina S.A. (Oil & Gas)

      10,752      645,873

Transocean, Ltd.* (Oil & Gas)

      3,528      296,034

Tyco International, Ltd. (Miscellaneous Manufacturing)

      8,736      293,093

UBS AG* (Diversified Financial Services)

      22,848      379,048

Unilever N.V. (Food)

      17,304      534,521

Vodafone Group PLC (Telecommunications)

      26,712      592,739
         

TOTAL COMMON STOCKS
(Cost $11,068,764)

         13,631,846
         
     Principal
Amount		     

Repurchase Agreements (1.0%)

      

Bank of America, 0.02%, 11/2/09, dated 10/30/09, with a repurchase price of $43,000 (Collateralized by $41,700 U.S. Treasury Note, 3.75%, 11/15/18, market value $43,964)

    $ 43,000      43,000

Deutsche Bank, 0.01%, 11/2/09, dated 10/30/09, with a repurchase price of $28,000 (Collateralized by $29,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $28,983)

      28,000      28,000

HSBC, 0.02%, 11/2/09, dated 10/30/09, with a repurchase price of $53,000 (Collateralized by $51,000 Federal National Mortgage Association, 6.00%, 5/15/11, market value $56,471)

      53,000      53,000

UMB, 0.02%, 11/2/09, dated 10/30/09, with a repurchase price of $17,000 (Collateralized by $18,000 Federal Farm Credit Bank, 4.00%, 3/6/13, market value $18,327)

    $ 17,000      17,000
         

TOTAL REPURCHASE AGREEMENTS
(Cost $141,000)

         141,000
         

TOTAL INVESTMENT SECURITIES
(Cost $11,209,764)—99.2%

         13,772,846

Net other assets (liabilities) — 0.8%

         115,086
         

NET ASSETS — 100.0%

       $ 13,887,932
         

 

†

As of October 31, 2009, all securities in this portfolio were traded on U.S. exchanges.

*

Non-income producing security

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Contracts    Unrealized
Appreciation
(Depreciation)		  

Futures Contracts Purchased

      

E-Mini S&P 500 Futures Contract expiring 12/18/09 (Underlying notional amount at value $206,300)

    4    $ (4,311 ) 

Europe 30 ProFund invested in the following industries as of October 31, 2009:

 

     Value    % of
Net Assets		  

Banks

    $ 1,581,233    11.4 % 

Beverages

      360,471    2.6 % 

Diversified Financial Services

      817,814    5.9 % 

Engineering & Construction

      351,774    2.5 % 

Food

      534,521    3.8 % 

Healthcare - Products

      681,019    4.9 % 

Insurance

      276,111    2.0 % 

Iron/Steel

      670,706    4.9 % 

Mining

      1,108,159    8.0 % 

Miscellaneous Manufacturing

      777,040    5.6 % 

Oil & Gas

      2,491,369    17.9 % 

Pharmaceuticals

      2,209,279    15.9 % 

Software

      372,663    2.7 % 

Telecommunications

      1,232,258    8.9 % 

Transportation

      167,429    1.2 % 

Other**

      256,086    1.8 % 
             

Total

    $ 13,887,932    100.0 % 
             

Europe 30 ProFund invested in securities with exposure to the following countries as of October 31, 2009:

 

     Value    % of
Net Assets		  

Finland

    $ 309,298    2.2 % 

France

      1,185,496    8.5 % 

Germany

      1,217,625    8.8 % 

Greece

      167,429    1.2 % 

Ireland

      297,199    2.1 % 

Luxembourg

      670,706    4.8 % 

Netherlands

      534,521    3.9 % 

Sweden

      330,221    2.4 % 

Switzerland

      3,099,399    22.3 % 

United Kingdom

      5,819,952    42.0 % 

Other**

      256,086    1.8 % 
             

Total

    $ 13,887,932    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 Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Europe 30 ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1     LEVEL 2    Total  

Description

        

Investment Securities:

        

Common Stocks

    $ 13,631,846      $ —      $ 13,631,846   

Repurchase Agreements

      —          141,000      141,000   
                       

Total Investment Securities

      13,631,846        141,000      13,772,846   
                       

Other Financial Instruments^

      (4,311 )      —        (4,311 ) 
                       

Total Investments

    $ 13,627,535      $ 141,000    $ 13,768,535   
                       

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraBull ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks (45.0%)

      

3M Co. (Miscellaneous Manufacturing)

    2,944    $ 216,590

Abbott Laboratories (Pharmaceuticals)

    6,509      329,160

Abercrombie & Fitch Co. - Class A (Retail)

    368      12,078

Adobe Systems, Inc.* (Software)

    2,208      72,732

Advanced Micro Devices, Inc.* (Semiconductors)

    2,369      10,897

Aetna, Inc. (Healthcare - Services)

    1,840      47,895

Affiliated Computer Services, Inc. - Class A* (Computers)

    414      21,565

AFLAC, Inc. (Insurance)

    1,978      82,067

Agilent Technologies, Inc.* (Electronics)

    1,449      35,848

Air Products & Chemicals, Inc. (Chemicals)

    874      67,412

Airgas, Inc. (Chemicals)

    345      15,304

AK Steel Holding Corp. (Iron/Steel)

    460      7,300

Akamai Technologies, Inc.* (Internet)

    736      16,192

Alcoa, Inc. (Mining)

    4,117      51,133

Allegheny Energy, Inc. (Electric)

    713      16,271

Allegheny Technologies, Inc. (Iron/Steel)

    414      12,776

Allergan, Inc. (Pharmaceuticals)

    1,288      72,450

Allstate Corp. (Insurance)

    2,254      66,651

Altera Corp. (Semiconductors)

    1,242      24,579

Altria Group, Inc. (Agriculture)

    8,740      158,281

Amazon.com, Inc.* (Internet)

    1,403      166,690

Ameren Corp. (Electric)

    989      24,072

American Electric Power, Inc. (Electric)

    2,001      60,470

American Express Co. (Diversified Financial Services)

    5,014      174,688

American International Group, Inc.* (Insurance)

    575      19,332

American Tower Corp.* (Telecommunications)

    1,656      60,974

Ameriprise Financial, Inc. (Diversified Financial Services)

    1,081      37,478

AmerisourceBergen Corp. (Pharmaceuticals)

    1,242      27,510

Amgen, Inc.* (Biotechnology)

    4,278      229,857

Amphenol Corp. - Class A (Electronics)

    713      28,606

Anadarko Petroleum Corp. (Oil & Gas)

    2,070      126,125

Analog Devices, Inc. (Semiconductors)

    1,219      31,243

AON Corp. (Insurance)

    1,150      44,287

Apache Corp. (Oil & Gas)

    1,426      134,215

Apartment Investment and Management Co. - Class A (REIT)

    483      5,965

Apollo Group, Inc. - Class A* (Commercial Services)

    529      30,206

Apple Computer, Inc.* (Computers)

    3,772      711,022

Applied Materials, Inc. (Semiconductors)

    5,612      68,466

Archer-Daniels-Midland Co. (Agriculture)

    2,714      81,746

Assurant, Inc. (Insurance)

    506      15,145

AT&T, Inc. (Telecommunications)

    24,863      638,233

Autodesk, Inc.* (Software)

    966      24,082

Automatic Data Processing, Inc. (Software)

    2,116      84,217

AutoNation, Inc.* (Retail)

    391      6,741

AutoZone, Inc.* (Retail)

    138      18,673

Avalonbay Communities, Inc. (REIT)

    345      23,729

Avery Dennison Corp. (Household Products/Wares)

    483      17,219

Avon Products, Inc. (Cosmetics/Personal Care)

    1,794      57,498

Baker Hughes, Inc. (Oil & Gas Services)

    1,311      55,154

Ball Corp. (Packaging & Containers)

    391      19,288

Bank of America Corp. (Banks)

    36,455      531,514

Bank of New York Mellon Corp. (Banks)

    5,060      134,900

Bard (C.R.), Inc. (Healthcare - Products)

    414      31,079

Baxter International, Inc. (Healthcare - Products)

    2,530      136,772

BB&T Corp. (Banks)

    2,875      68,741

Becton, Dickinson & Co. (Healthcare - Products)

    1,012      69,180

Bed Bath & Beyond, Inc.* (Retail)

    1,104      38,872

Bemis Co., Inc. (Packaging & Containers)

    460      11,882

Best Buy Co., Inc. (Retail)

    1,449      55,323

Big Lots, Inc.* (Retail)

    345      8,642

Biogen Idec, Inc.* (Biotechnology)

    1,219      51,356

BJ Services Co. (Oil & Gas Services)

    1,242      23,846

Black & Decker Corp. (Hand/Machine Tools)

    253      11,947

BMC Software, Inc.* (Software)

    782      29,059

Boeing Co. (Aerospace/Defense)

    3,059      146,220

Boston Properties, Inc. (REIT)

    575      34,943

Boston Scientific Corp.* (Healthcare - Products)

    6,348      51,546

Bristol-Myers Squibb Co. (Pharmaceuticals)

    8,349      182,008

Broadcom Corp. - Class A* (Semiconductors)

    1,817      48,350

Brown-Forman Corp. (Beverages)

    460      22,453

Burlington Northern Santa Fe Corp. (Transportation)

    1,104      83,153

C.H. Robinson Worldwide, Inc. (Transportation)

    713      39,293

CA, Inc. (Software)

    1,679      35,125

Cabot Oil & Gas Corp. (Oil & Gas)

    437      16,811

Cameron International Corp.* (Oil & Gas Services)

    920      34,012

Campbell Soup Co. (Food)

    805      25,559

Capital One Financial Corp. (Diversified Financial Services)

    1,909      69,869

Cardinal Health, Inc. (Pharmaceuticals)

    1,518      43,020

CareFusion Corp.* (Healthcare - Products)

    759      16,979

Carnival Corp. - Class A (Leisure Time)

    1,840      53,581

Caterpillar, Inc. (Machinery - Construction & Mining)

    2,622      144,367

CB Richard Ellis Group, Inc. - Class A* (Real Estate)

    1,012      10,474

CBS Corp. - Class B (Media)

    2,852      33,568

Celgene Corp.* (Biotechnology)

    1,932      98,629

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraBull ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

CenterPoint Energy, Inc. (Electric)

    1,633    $ 20,576

CenturyTel, Inc. (Telecommunications)

    1,242      40,315

Cephalon, Inc.* (Pharmaceuticals)

    322      17,575

CF Industries Holdings, Inc. (Chemicals)

    207      17,233

Chesapeake Energy Corp. (Oil & Gas)

    2,714      66,493

Chevron Corp. (Oil & Gas)

    8,441      646,074

Chubb Corp. (Insurance)

    1,472      71,421

Ciena Corp.* (Telecommunications)

    391      4,586

CIGNA Corp. (Insurance)

    1,150      32,016

Cincinnati Financial Corp. (Insurance)

    690      17,498

Cintas Corp. (Textiles)

    552      15,285

Cisco Systems, Inc.* (Telecommunications)

    24,311      555,506

Citigroup, Inc. (Diversified Financial Services)

    54,970      224,827

Citrix Systems, Inc.* (Software)

    782      28,746

Clorox Co. (Household Products/Wares)

    598      35,420

CME Group, Inc. (Diversified Financial Services)

    276      83,520

CMS Energy Corp. (Electric)

    966      12,848

Coach, Inc. (Apparel)

    1,334      43,982

Coca-Cola Co. (Beverages)

    9,775      521,105

Coca-Cola Enterprises, Inc. (Beverages)

    1,334      25,439

Cognizant Technology Solutions Corp.* (Computers)

    1,242      48,003

Colgate-Palmolive Co. (Cosmetics/Personal Care)

    2,093      164,573

Comcast Corp. - Class A (Media)

    12,098      175,421

Comerica, Inc. (Banks)

    644      17,871

Computer Sciences Corp.* (Computers)

    644      32,657

Compuware Corp.* (Software)

    1,012      7,145

ConAgra Foods, Inc. (Food)

    1,863      39,123

ConocoPhillips (Oil & Gas)

    6,256      313,926

CONSOL Energy, Inc. (Coal)

    759      32,493

Consolidated Edison, Inc. (Electric)

    1,150      46,782

Constellation Brands, Inc.* (Beverages)

    828      13,099

Constellation Energy Group, Inc. (Electric)

    851      26,313

Convergys Corp.* (Commercial Services)

    529      5,740

Corning, Inc. (Telecommunications)

    6,555      95,769

Costco Wholesale Corp. (Retail)

    1,840      104,604

Coventry Health Care, Inc.* (Healthcare - Services)

    621      12,314

CSX Corp. (Transportation)

    1,656      69,850

Cummins, Inc. (Machinery - Diversified)

    851      36,644

CVS Corp. (Retail)

    6,072      214,342

D.R. Horton, Inc. (Home Builders)

    1,173      12,856

Danaher Corp. (Miscellaneous Manufacturing)

    1,081      73,757

Darden Restaurants, Inc. (Retail)

    598      18,125

DaVita, Inc.* (Healthcare - Services)

    437      23,174

Dean Foods Co.* (Food)

    759      13,837

Deere & Co. (Machinery - Diversified)

    1,771      80,669

Dell, Inc.* (Computers)

    7,245      104,980

Denbury Resources, Inc.* (Oil & Gas)

    1,058      15,447

DENTSPLY International, Inc. (Healthcare - Products)

    621      20,468

Devon Energy Corp. (Oil & Gas)

    1,863      120,555

DeVry, Inc. (Commercial Services)

    253      13,988

Diamond Offshore Drilling, Inc. (Oil & Gas)

    299      28,480

DIRECTV Group, Inc.* (Media)

    1,886      49,602

Discover Financial Services (Diversified Financial Services)

    2,254      31,872

Dominion Resources, Inc. (Electric)

    2,507      85,464

Dover Corp. (Miscellaneous Manufacturing)

    782      29,466

Dr. Pepper Snapple Group, Inc.* (Beverages)

    1,081      29,468

DTE Energy Co. (Electric)

    690      25,516

Duke Energy Corp. (Electric)

    5,474      86,599

Dun & Bradstreet Corp. (Software)

    230      17,609

Dynegy, Inc. - Class A* (Electric)

    2,139      4,278

E* TRADE Financial Corp.* (Diversified Financial Services)

    5,957      8,697

E.I. du Pont de Nemours & Co. (Chemicals)

    3,818      121,489

Eastman Chemical Co. (Chemicals)

    299      15,700

Eastman Kodak Co.* (Miscellaneous Manufacturing)

    1,127      4,226

Eaton Corp. (Miscellaneous Manufacturing)

    690      41,711

eBay, Inc.* (Internet)

    4,738      105,515

Ecolab, Inc. (Chemicals)

    989      43,476

Edison International (Electric)

    1,380      43,912

El Paso Corp. (Pipelines)

    2,944      28,881

Electronic Arts, Inc.* (Software)

    1,357      24,752

Eli Lilly & Co. (Pharmaceuticals)

    4,255      144,713

EMC Corp.* (Computers)

    8,510      140,160

Emerson Electric Co. (Electrical Components & Equipment)

    3,174      119,819

Ensco International, Inc. (Oil & Gas)

    598      27,382

Entergy Corp. (Electric)

    828      63,524

EOG Resources, Inc. (Oil & Gas)

    1,058      86,396

EQT Corp. (Oil & Gas)

    552      23,107

Equifax, Inc. (Commercial Services)

    529      14,484

Equity Residential Properties Trust (REIT)

    1,150      33,212

Exelon Corp. (Electric)

    2,783      130,690

Expedia, Inc.* (Internet)

    897      20,335

Expeditors International of Washington, Inc. (Transportation)

    897      28,901

Express Scripts, Inc.* (Pharmaceuticals)

    1,150      91,908

Exxon Mobil Corp. (Oil & Gas)

    20,263      1,452,249

Family Dollar Stores, Inc. (Retail)

    598      16,923

Fastenal Co. (Distribution/Wholesale)

    552      19,044

Federated Investors, Inc. - Class B (Diversified Financial Services)

    368      9,660

FedEx Corp. (Transportation)

    1,311      95,297

Fidelity National Information Services, Inc. (Software)

    1,334      29,028

Fifth Third Bancorp (Banks)

    3,358      30,021

First Horizon National Corp.* (Banks)

    921      10,894

First Solar, Inc.* (Energy - Alternate Sources)

    207      25,240

FirstEnergy Corp. (Electric)

    1,288      55,745

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraBull ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Fiserv, Inc.* (Software)

    644    $ 29,540

FLIR Systems, Inc.* (Electronics)

    644      17,910

Flowserve Corp. (Machinery - Diversified)

    230      22,588

Fluor Corp. (Engineering & Construction)

    759      33,715

FMC Corp. (Chemicals)

    299      15,279

FMC Technologies, Inc.* (Oil & Gas Services)

    506      26,616

Ford Motor Co.* (Auto Manufacturers)

    13,570      94,990

Forest Laboratories, Inc.* (Pharmaceuticals)

    1,265      35,003

Fortune Brands, Inc. (Household Products/Wares)

    644      25,084

FPL Group, Inc. (Electric)

    1,725      84,698

Franklin Resources, Inc. (Diversified Financial Services)

    621      64,975

Freeport-McMoRan Copper & Gold, Inc. - Class B* (Mining)

    1,725      126,546

Frontier Communications Corp. (Telecommunications)

    1,311      9,400

GameStop Corp. - Class A* (Retail)

    690      16,760

Gannett Co., Inc. (Media)

    989      9,712

General Dynamics Corp. (Aerospace/Defense)

    1,633      102,389

General Electric Co. (Miscellaneous Manufacturing)

    44,781      638,577

General Mills, Inc. (Food)

    1,380      90,970

Genuine Parts Co. (Distribution/Wholesale)

    667      23,338

Genworth Financial, Inc. - Class A* (Diversified Financial Services)

    2,024      21,495

Genzyme Corp.* (Biotechnology)

    1,150      58,190

Gilead Sciences, Inc.* (Pharmaceuticals)

    3,818      162,456

Goodrich Corp. (Aerospace/Defense)

    529      28,751

Google, Inc. - Class A* (Internet)

    1,012      542,553

H & R Block, Inc. (Commercial Services)

    1,403      25,731

Halliburton Co. (Oil & Gas Services)

    3,795      110,852

Harley-Davidson, Inc. (Leisure Time)

    989      24,646

Harman International Industries, Inc. (Home Furnishings)

    299      11,245

Harris Corp. (Telecommunications)

    552      23,029

Hartford Financial Services Group, Inc. (Insurance)

    1,610      39,477

Hasbro, Inc. (Toys/Games/Hobbies)

    529      14,426

HCP, Inc. (REIT)

    1,242      36,751

Health Care REIT, Inc. (REIT)

    506      22,451

Heinz (H.J.) Co. (Food)

    1,334      53,680

Hess Corp. (Oil & Gas)

    1,219      66,728

Hewlett-Packard Co. (Computers)

    9,982      473,746

Home Depot, Inc. (Retail)

    7,176      180,046

Honeywell International, Inc. (Miscellaneous Manufacturing)

    3,174      113,915

Hormel Foods Corp. (Food)

    299      10,902

Hospira, Inc.* (Pharmaceuticals)

    690      30,802

Host Marriott Corp. (REIT)

    2,553      25,811

Hudson City Bancorp, Inc. (Savings & Loans)

    1,978      25,991

Humana, Inc.* (Healthcare - Services)

    713      26,795

Huntington Bancshares, Inc. (Banks)

    2,898      11,041

Illinois Tool Works, Inc. (Miscellaneous Manufacturing)

    1,633      74,987

IMS Health, Inc. (Software)

    759      12,440

Integrys Energy Group, Inc. (Electric)

    322      11,141

Intel Corp. (Semiconductors)

    23,598      450,958

IntercontinentalExchange, Inc.* (Diversified Financial Services)

    299      29,957

International Business Machines Corp. (Computers)

    5,520      665,767

International Flavors & Fragrances, Inc. (Chemicals)

    322      12,265

International Game Technology (Entertainment)

    1,242      22,157

International Paper Co. (Forest Products & Paper)

    1,817      40,537

Interpublic Group of Cos., Inc.* (Advertising)

    2,047      12,323

Intuit, Inc.* (Software)

    1,357      39,448

Intuitive Surgical, Inc.* (Healthcare - Products)

    161      39,662

Invesco, Ltd. (Diversified Financial Services)

    1,748      36,970

Iron Mountain, Inc.* (Commercial Services)

    759      18,542

ITT Industries, Inc. (Miscellaneous Manufacturing)

    759      38,481

J.C. Penney Co., Inc. (Retail)

    989      32,766

J.P. Morgan Chase & Co. (Diversified Financial Services)

    16,583      692,672

Jabil Circuit, Inc. (Electronics)

    782      10,463

Jacobs Engineering Group, Inc.* (Engineering & Construction)

    529      22,371

Janus Capital Group, Inc. (Diversified Financial Services)

    759      9,958

JDS Uniphase Corp.* (Telecommunications)

    920      5,143

JM Smucker Co. (Food)

    506      26,681

Johnson & Johnson (Healthcare - Products)

    11,615      685,866

Johnson Controls, Inc. (Auto Parts & Equipment)

    2,783      66,569

Juniper Networks, Inc.* (Telecommunications)

    2,208      56,326

KB Home (Home Builders)

    322      4,566

Kellogg Co. (Food)

    1,081      55,715

KeyCorp (Banks)

    3,703      19,959

Kimberly-Clark Corp. (Household Products/Wares)

    1,748      106,908

Kimco Realty Corp. (REIT)

    1,587      20,060

King Pharmaceuticals, Inc.* (Pharmaceuticals)

    1,035      10,485

KLA -Tencor Corp. (Semiconductors)

    713      23,180

Kohls Corp.* (Retail)

    1,288      73,699

Kraft Foods, Inc. (Food)

    6,210      170,899

Kroger Co. (Food)

    2,737      63,307

L-3 Communications Holdings, Inc. (Aerospace/Defense)

    483      34,916

Laboratory Corp. of America Holdings* (Healthcare - Services)

    460      31,689

Legg Mason, Inc. (Diversified Financial Services)

    690      20,086

Leggett & Platt, Inc. (Miscellaneous Manufacturing)

    667      12,893

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraBull ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Lennar Corp. - Class A (Home Builders)

    644    $ 8,114

Leucadia National Corp.* (Holding Companies - Diversified)

    805      18,088

Lexmark International, Inc. - Class A* (Computers)

    322      8,211

Life Technologies Corp.* (Biotechnology)

    736      34,717

Limited, Inc. (Retail)

    1,127      19,835

Lincoln National Corp. (Insurance)

    1,265      30,145

Linear Technology Corp. (Semiconductors)

    943      24,405

Lockheed Martin Corp. (Aerospace/Defense)

    1,357      93,348

Loews Corp. (Insurance)

    1,541      51,007

Lorillard, Inc. (Agriculture)

    690      53,627

Lowe’s Cos., Inc. (Retail)

    6,233      121,980

LSI Logic Corp.* (Semiconductors)

    2,737      14,013

M&T Bank Corp. (Banks)

    345      21,683

Macy’s, Inc. (Retail)

    1,771      31,116

Marathon Oil Corp. (Oil & Gas)

    2,990      95,590

Marriott International, Inc. - Class A (Lodging)

    1,058      26,513

Marsh & McLennan Cos., Inc. (Insurance)

    2,208      51,800

Marshall & Ilsley Corp. (Banks)

    1,955      10,401

Masco Corp. (Building Materials)

    1,518      17,837

Massey Energy Co. (Coal)

    368      10,705

MasterCard, Inc. - Class A (Software)

    414      90,674

Mattel, Inc. (Toys/Games/Hobbies)

    1,518      28,736

MBIA, Inc.* (Insurance)

    667      2,708

McAfee, Inc.* (Internet)

    667      27,934

McCormick & Co., Inc. (Food)

    552      19,326

McDonald’s Corp. (Retail)

    4,600      269,606

McGraw-Hill Cos., Inc. (Media)

    1,334      38,393

McKesson Corp. (Commercial Services)

    1,127      66,189

MeadWestvaco Corp. (Forest Products & Paper)

    713      16,278

Medco Health Solutions, Inc.* (Pharmaceuticals)

    2,001      112,296

Medtronic, Inc. (Healthcare - Products)

    4,669      166,683

MEMC Electronic Materials, Inc.* (Semiconductors)

    943      11,712

Merck & Co., Inc. (Pharmaceuticals)

    8,878      274,597

Meredith Corp. (Media)

    161      4,357

MetLife, Inc. (Insurance)

    3,450      117,404

MetroPCS Communications, Inc.* (Telecommunications)

    1,104      6,878

Microchip Technology, Inc. (Semiconductors)

    782      18,737

Micron Technology, Inc.* (Semiconductors)

    3,565      24,206

Microsoft Corp. (Software)

    32,660      905,662

Millipore Corp.* (Biotechnology)

    230      15,412

Molex, Inc. (Electrical Components & Equipment)

    575      10,735

Molson Coors Brewing Co. - Class B (Beverages)

    667      32,663

Monsanto Co. (Agriculture)

    2,300      154,514

Monster Worldwide, Inc.* (Internet)

    529      7,681

Moody’s Corp. (Commercial Services)

    828      19,607

Morgan Stanley Dean Witter & Co. (Diversified Financial Services)

    5,727      183,951

Motorola, Inc. (Telecommunications)

    9,683      82,983

Murphy Oil Corp. (Oil & Gas)

    805      49,218

Mylan Laboratories, Inc.* (Pharmaceuticals)

    1,288      20,917

Nabors Industries, Ltd.* (Oil & Gas)

    1,196      24,913

NASDAQ Stock Market, Inc.* (Diversified Financial Services)

    598      10,800

National Semiconductor Corp. (Semiconductors)

    989      12,798

National-Oilwell Varco, Inc.* (Oil & Gas Services)

    1,771      72,593

NetApp, Inc.* (Computers)

    1,426      38,573

Newell Rubbermaid, Inc. (Housewares)

    1,173      17,020

Newmont Mining Corp. (Mining)

    2,070      89,962

News Corp. - Class A (Media)

    9,476      109,164

Nicor, Inc. (Gas)

    184      6,823

NIKE, Inc. - Class B (Apparel)

    1,633      101,540

NiSource, Inc. (Electric)

    1,150      14,858

Noble Energy, Inc. (Oil & Gas)

    736      48,304

Nordstrom, Inc. (Retail)

    690      21,928

Norfolk Southern Corp. (Transportation)

    1,541      71,841

Northeast Utilities System (Electric)

    736      16,965

Northern Trust Corp. (Banks)

    1,012      50,853

Northrop Grumman Corp. (Aerospace/Defense)

    1,334      66,873

Novell, Inc.* (Software)

    1,472      6,020

Novellus Systems, Inc.* (Semiconductors)

    414      8,520

Nucor Corp. (Iron/Steel)

    1,334      53,160

NVIDIA Corp.* (Semiconductors)

    2,300      27,508

NYSE Euronext (Diversified Financial Services)

    1,104      28,538

O’Reilly Automotive, Inc.* (Retail)

    575      21,436

Occidental Petroleum Corp. (Oil & Gas)

    3,427      260,041

Office Depot, Inc.* (Retail)

    1,150      6,958

Omnicom Group, Inc. (Advertising)

    1,311      44,941

Oracle Corp. (Software)

    16,468      347,475

Owens-Illinois, Inc.* (Packaging & Containers)

    713      22,730

PACCAR, Inc. (Auto Manufacturers)

    1,541      57,649

Pactiv Corp.* (Packaging & Containers)

    552      12,746

Pall Corp. (Miscellaneous Manufacturing)

    506      16,060

Parker Hannifin Corp. (Miscellaneous Manufacturing)

    667      35,324

Patterson Cos., Inc.* (Healthcare - Products)

    391      9,982

Paychex, Inc. (Commercial Services)

    1,357      38,552

Peabody Energy Corp. (Coal)

    1,127      44,618

People’s United Financial, Inc. (Banks)

    1,472      23,596

Pepco Holdings, Inc. (Electric)

    920      13,736

PepsiCo, Inc. (Beverages)

    6,555      396,905

PerkinElmer, Inc. (Electronics)

    483      8,989

Pfizer, Inc. (Pharmaceuticals)

    34,208      582,562

PG&E Corp. (Electric)

    1,564      63,952

Philip Morris International, Inc. (Commercial Services)

    8,142      385,605

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraBull ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Pinnacle West Capital Corp. (Electric)

    437    $ 13,687

Pioneer Natural Resources Co. (Oil & Gas)

    483      19,856

Pitney Bowes, Inc. (Office/Business Equipment)

    874      21,413

Plum Creek Timber Co., Inc. (Forest Products & Paper)

    690      21,590

PNC Financial Services Group (Banks)

    1,955      95,678

Polo Ralph Lauren Corp. (Apparel)

    253      18,828

PPG Industries, Inc. (Chemicals)

    690      38,937

PPL Corp. (Electric)

    1,587      46,721

Praxair, Inc. (Chemicals)

    1,288      102,319

Precision Castparts Corp. (Metal Fabricate/Hardware)

    598      57,037

Principal Financial Group, Inc. (Insurance)

    1,334      33,403

Procter & Gamble Co. (Cosmetics/Personal Care)

    12,305      713,690

Progress Energy, Inc. (Electric)

    1,173      44,023

Progress Energy, Inc.CVO* (Electric)

    987      158

Progressive Corp.* (Insurance)

    2,852      45,632

ProLogis (REIT)

    1,863      21,108

Prudential Financial, Inc. (Insurance)

    1,955      88,425

Public Service Enterprise Group, Inc. (Electric)

    2,139      63,742

Public Storage, Inc. (REIT)

    575      42,320

Pulte Homes, Inc. (Home Builders)

    1,334      12,019

QLogic Corp.* (Semiconductors)

    506      8,875

Qualcomm, Inc. (Telecommunications)

    7,015      290,491

Quanta Services, Inc.* (Commercial Services)

    874      18,529

Quest Diagnostics, Inc. (Healthcare - Services)

    667      37,305

Questar Corp. (Pipelines)

    736      29,322

Qwest Communications International, Inc. (Telecommunications)

    6,256      22,459

R.R. Donnelley & Sons Co. (Commercial Services)

    874      17,550

RadioShack Corp. (Retail)

    529      8,935

Range Resources Corp. (Oil & Gas)

    667      33,383

Raytheon Co. (Aerospace/Defense)

    1,633      73,942

Red Hat, Inc.* (Software)

    782      20,183

Regions Financial Corp. (Banks)

    5,014      24,268

Republic Services, Inc. (Environmental Control)

    1,357      35,160

Reynolds American, Inc. (Agriculture)

    713      34,566

Robert Half International, Inc. (Commercial Services)

    644      14,941

Rockwell Automation, Inc. (Machinery - Diversified)

    598      24,488

Rockwell Collins, Inc. (Aerospace/Defense)

    667      33,603

Rowan Cos., Inc. (Oil & Gas)

    483      11,230

Ryder System, Inc. (Transportation)

    230      9,327

Safeway, Inc. (Food)

    1,748      39,033

Salesforce.com, Inc.* (Software)

    460      26,105

SanDisk Corp.* (Computers)

    966      19,784

Sara Lee Corp. (Food)

    2,921      32,978

SCANA Corp. (Electric)

    460      15,566

Schering-Plough Corp. (Pharmaceuticals)

    6,877      193,931

Schlumberger, Ltd. (Oil & Gas Services)

    5,037      313,301

Scripps Networks Interactive - Class A (Entertainment)

    368      13,896

Sealed Air Corp. (Packaging & Containers)

    667      12,826

Sears Holdings Corp.* (Retail)

    207      14,047

Sempra Energy (Gas)

    1,035      53,251

Sherwin-Williams Co. (Chemicals)

    414      23,615

Sigma-Aldrich Corp. (Chemicals)

    506      26,277

Simon Property Group, Inc. (REIT)

    1,200      81,468

SLM Corp.* (Diversified Financial Services)

    1,978      19,187

Smith International, Inc. (Oil & Gas Services)

    920      25,512

Snap-on, Inc. (Hand/Machine Tools)

    253      9,242

Southern Co. (Electric)

    3,358      104,736

Southwest Airlines Co. (Airlines)

    3,128      26,275

Southwestern Energy Co.* (Oil & Gas)

    1,449      63,147

Spectra Energy Corp. (Pipelines)

    2,714      51,892

Sprint Nextel Corp.* (Telecommunications)

    12,121      35,878

St. Jude Medical, Inc.* (Healthcare - Products)

    1,472      50,166

Staples, Inc. (Retail)

    3,036      65,881

Starbucks Corp.* (Retail)

    3,105      58,933

Starwood Hotels & Resorts Worldwide, Inc. (Lodging)

    782      22,725

State Street Corp. (Banks)

    2,093      87,864

Stericycle, Inc.* (Environmental Control)

    368      19,272

Stryker Corp. (Healthcare - Products)

    1,196      55,016

Sun Microsystems, Inc.* (Computers)

    3,174      25,963

Sunoco, Inc. (Oil & Gas)

    483      14,876

SunTrust Banks, Inc. (Banks)

    2,093      39,997

SuperValu, Inc. (Food)

    897      14,235

Symantec Corp.* (Internet)

    3,427      60,247

Sysco Corp. (Food)

    2,484      65,702

T. Rowe Price Group, Inc. (Diversified Financial Services)

    1,081      52,677

Target Corp. (Retail)

    3,174      153,717

TECO Energy, Inc. (Electric)

    897      12,863

Tellabs, Inc.* (Telecommunications)

    1,679      10,108

Tenet Healthcare Corp.* (Healthcare - Services)

    1,817      9,303

Teradata Corp.* (Computers)

    713      19,878

Teradyne, Inc.* (Semiconductors)

    736      6,160

Tesoro Petroleum Corp. (Oil & Gas)

    598      8,456

Texas Instruments, Inc. (Semiconductors)

    5,313      124,590

Textron, Inc. (Miscellaneous Manufacturing)

    1,150      20,447

The AES Corp.* (Electric)

    2,806      36,674

The Charles Schwab Corp. (Diversified Financial Services)

    4,002      69,395

The Dow Chemical Co. (Chemicals)

    4,830      113,408

The Estee Lauder Cos., Inc. - Class A (Cosmetics/Personal Care)

    506      21,505

The Gap, Inc. (Retail)

    2,024      43,192

The Goldman Sachs Group, Inc. (Diversified Financial Services)

    2,162      367,908

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraBull ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

The Goodyear Tire & Rubber Co.* (Auto Parts & Equipment)

      1,012    $ 13,035

The Hershey Co. (Food)

      690      26,075

The New York Times Co. - Class A (Media)

      483      3,850

The Pepsi Bottling Group, Inc. (Beverages)

      598      22,389

The Stanley Works (Hand/Machine Tools)

      345      15,604

The Travelers Cos., Inc. (Insurance)

      2,392      119,098

The Williams Cos., Inc. (Pipelines)

      2,461      46,390

Thermo Fisher Scientific, Inc.* (Electronics)

      1,725      77,625

Tiffany & Co. (Retail)

      529      20,784

Time Warner Cable, Inc. (Media)

      1,495      58,963

Time Warner, Inc. (Media)

      4,991      150,329

Titanium Metals Corp. (Mining)

      368      3,165

TJX Cos., Inc. (Retail)

      1,794      67,006

Torchmark Corp. (Insurance)

      345      14,007

Total System Services, Inc. (Software)

      828      13,223

Tyson Foods, Inc. - Class A (Food)

      1,288      16,126

U.S. Bancorp (Banks)

      8,050      186,921

Union Pacific Corp. (Transportation)

      2,116      116,676

United Parcel Service, Inc. - Class B (Transportation)

      4,186      224,704

United States Steel Corp. (Iron/Steel)

      598      20,625

United Technologies Corp. (Aerospace/Defense)

      3,956      243,096

UnitedHealth Group, Inc. (Healthcare - Services)

      4,899      127,129

UnumProvident Corp. (Insurance)

      1,403      27,990

V.F. Corp. (Apparel)

      368      26,143

Valero Energy Corp. (Oil & Gas)

      2,369      42,879

Varian Medical Systems, Inc.* (Healthcare - Products)

      529      21,678

Ventas, Inc. (REIT)

      667      26,767

VeriSign, Inc.* (Internet)

      805      18,362

Verizon Communications, Inc. (Telecommunications)

      11,960      353,896

Viacom, Inc. - Class B* (Media)

      2,553      70,437

Vornado Realty Trust (REIT)

      667      39,727

Vulcan Materials Co. (Building Materials)

      529      24,350

W.W. Grainger, Inc. (Distribution/Wholesale)

      253      23,714

Wal-Mart Stores, Inc. (Retail)

      9,108      452,485

Walgreen Co. (Retail)

      4,186      158,356

Walt Disney Co. (Media)

      7,843      214,663

Washington Post Co. - Class B (Media)

      23      9,936

Waste Management, Inc. (Environmental Control)

      2,070      61,852

Waters Corp.* (Electronics)

      414      23,776

Watson Pharmaceuticals, Inc.* (Pharmaceuticals)

      437      15,042

WellPoint, Inc.* (Healthcare - Services)

      2,001      93,567

Wells Fargo & Co. (Banks)

      19,688      541,814

Western Digital Corp.* (Computers)

      943      31,760

Western Union Co. (Commercial Services)

      2,967      53,910

Weyerhaeuser Co. (Forest Products & Paper)

      897      32,597

Whirlpool Corp. (Home Furnishings)

      322      23,052

Whole Foods Market, Inc.* (Food)

      598      19,172

Windstream Corp. (Telecommunications)

      1,840      17,738

Wisconsin Energy Corp. (Electric)

      483      21,093

Wyndham Worldwide Corp. (Lodging)

      759      12,941

Wynn Resorts, Ltd.* (Lodging)

      299      16,212

Xcel Energy, Inc. (Electric)

      1,909      35,966

Xerox Corp. (Office/Business Equipment)

      3,657      27,501

Xilinx, Inc. (Semiconductors)

      1,173      25,513

XL Capital, Ltd. - Class A (Insurance)

      1,449      23,778

XTO Energy, Inc. (Oil & Gas)

      2,438      101,323

Yahoo!, Inc.* (Internet)

      5,037      80,088

YUM! Brands, Inc. (Retail)

      1,955      64,417

Zimmer Holdings, Inc.* (Healthcare - Products)

      897      47,155

Zions Bancorp (Banks)

      529      7,491
         

TOTAL COMMON STOCKS
(Cost $29,884,516)

         38,450,844
         
     Principal
Amount		     

Repurchase Agreements (21.6%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $5,640,009 (Collateralized by $5,457,100 U.S. Treasury Notes, 3.75%, 11/15/18, market value $5,753,402)

    $ 5,640,000      5,640,000

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $3,687,003 (Collateralized by $3,764,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $3,761,831)

     3,687,000      3,687,000

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $6,943,012 (Collateralized by $6,495,000 of various U.S. Government Agency Obligations, 4.75%–6.00%, 5/15/11-3/5/12, market value $7,083,426)

      6,943,000      6,943,000

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $2,178,004 (Collateralized by $2,201,000 of various U.S. Treasury Securities, 1.13%–4.00%, 6/30/11-3/6/13, market value $2,234,413)

      2,178,000      2,178,000
         

TOTAL REPURCHASE AGREEMENTS
(Cost $18,448,000)

         18,448,000
         

TOTAL INVESTMENT SECURITIES
(Cost $48,332,516)—66.6%

         56,898,844

Net other assets (liabilities) — 33.4%

         28,497,604
         

NET ASSETS — 100.0%

       $ 85,396,448
         

 

*

Non-income producing security

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraBull ProFund    October 31, 2009
(unaudited)   

 

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $11,210,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

CVO

Contingent Value Obligation

 

     Contracts    Unrealized
Appreciation
(Depreciation)		  

Futures Contracts Purchased

      

E-Mini S&P 500 Futures Contract expiring 12/18/09 (Underlying notional amount at value $27,437,900)

      532    $ 5,998   
     Notional
Amount at
Value 		   Unrealized
Gain (Loss)		  

Swap Agreements

      

Equity Index Swap Agreement with Goldman Sachs International, based on the S&P 500 Index

    $ 26,554,698    $ (767,011 ) 

Equity Index Swap Agreement with UBS AG, based on the S&P 500 Index

    $ 77,456,966    $ (1,278,424 ) 

UltraBull ProFund invested in the following industries as of October 31, 2009:

 

     Value    % of
Net Assets		  

Advertising

    $ 57,264    0.1 % 

Aerospace/Defense

      823,138    1.0 % 

Agriculture

      482,734    0.6 % 

Airlines

      26,275    NM   

Apparel

      190,493    0.2 % 

Auto Manufacturers

      152,639    0.2 % 

Auto Parts & Equipment

      79,604    0.1 % 

Banks

      1,915,507    2.2 % 

Beverages

      1,063,521    1.2 % 

Biotechnology

      488,161    0.6 % 

Building Materials

      42,187    NM   

Chemicals

      612,714    0.7 % 

Coal

      87,816    0.1 % 

Commercial Services

      723,574    0.8 % 

Computers

      2,342,069    2.7 % 

Cosmetics/Personal Care

      957,266    1.1 % 

Distribution/Wholesale

      66,096    0.1 % 

Diversified Financial Services

      2,249,180    2.6 % 

Electric

      1,303,639    1.5 % 

Electrical Components & Equipment

      130,554    0.2 % 

Electronics

      203,217    0.2 % 

Energy - Alternate Sources

      25,240    NM   

Engineering & Construction

      56,086    0.1 % 

Entertainment

      36,053    NM   

Environmental Control

      116,284    0.1 % 

Food

      783,320    0.9 % 

Forest Products & Paper

      111,002    0.1 % 

Gas

      60,074    0.1 % 

Hand/Machine Tools

      36,793    NM   

Healthcare - Products

      1,402,232    1.6 % 

Healthcare - Services

      409,171    0.5 % 

Holding Companies - Diversified

      18,088    NM   

Home Builders

      37,555    NM   

Home Furnishings

      34,297    NM   

Household Products/Wares

      184,631    0.2 % 

Housewares

      17,020    NM   

Insurance

      993,291    1.2 % 

Internet

      1,045,597    1.2 % 

Iron/Steel

      93,861    0.1 % 

Leisure Time

      78,227    0.1 % 

Lodging

      78,391    0.1 % 

Machinery - Construction & Mining

      144,367    0.2 % 

Machinery - Diversified

      164,389    0.2 % 

Media

      928,395    1.1 % 

Metal Fabricate/Hardware

      57,037    0.1 % 

Mining

      270,806    0.3 % 

Miscellaneous Manufacturing

      1,316,434    1.5 % 

Office/Business Equipment

      48,914    0.1 % 

Oil & Gas

      3,897,204    4.9 % 

Oil & Gas Services

      661,886    0.8 % 

Packaging & Containers

      79,472    0.1 % 

Pharmaceuticals

      2,346,435    2.7 % 

Pipelines

      156,485    0.2 % 

REIT

      414,312    0.5 % 

Real Estate

      10,474    NM   

Retail

      2,398,206    2.8 % 

Savings & Loans

      25,991    NM   

Semiconductors

      964,710    1.1 % 

Software

      1,843,265    2.2 % 

Telecommunications

      2,309,712    2.7 % 

Textiles

      15,285    NM   

Toys/Games/Hobbies

      43,162    0.1 % 

Transportation

      739,042    0.9 % 

Other**

      46,945,604    55.0 % 
             

Total

    $ 85,396,448    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 Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraBull ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2     Total  

Description

        

Investment Securities:

        

Common Stocks

    $ 38,450,844    $ —        $ 38,450,844   

Repurchase Agreements

      —        18,448,000        18,448,000   
                       

Total Investment Securities

      38,450,844      18,448,000        56,898,844   
                       

Other Financial Instruments^

      5,998      (2,045,435 )      (2,039,437 ) 
                       

Total Investments

    $ 38,456,842    $ 16,402,565      $ 54,859,407   
                       

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraMid-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks (59.3%)

      

3Com Corp.* (Telecommunications)

    9,200    $ 47,288

99 Cents Only Stores* (Retail)

    920      10,460

Aaron’s, Inc. (Commercial Services)

    1,104      27,655

ACI Worldwide, Inc.* (Software)

    736      11,842

Acxiom Corp.* (Software)

    1,840      21,123

ADC Telecommunications, Inc.* (Telecommunications)

    2,208      14,330

ADTRAN, Inc. (Telecommunications)

    1,288      29,676

Advance Auto Parts, Inc. (Retail)

    2,208      82,270

Advent Software, Inc.* (Software)

    184      7,032

Aecom Technology Corp.* (Engineering & Construction)

    2,576      65,018

Aeropostale, Inc.* (Retail)

    1,472      55,244

Affiliated Managers Group, Inc.* (Diversified Financial Services)

    920      58,411

Affymetrix, Inc.* (Biotechnology)

    1,656      8,661

AGCO Corp.* (Machinery - Diversified)

    2,024      56,895

AGL Resources, Inc. (Gas)

    1,656      57,894

AirTran Holdings, Inc.* (Airlines)

    2,392      10,118

Alaska Air Group, Inc.* (Airlines)

    736      18,930

Albemarle Corp. (Chemicals)

    2,024      63,918

Alberto-Culver Co. (Cosmetics/Personal Care)

    1,840      49,349

Alexander & Baldwin, Inc. (Transportation)

    920      26,524

Alexandria Real Estate Equities, Inc. (REIT)

    920      49,836

Alliance Data Systems Corp.* (Commercial Services)

    1,104      60,698

Alliant Energy Corp. (Electric)

    2,576      68,419

Alliant Techsystems, Inc.* (Aerospace/Defense)

    736      57,246

AMB Property Corp. (REIT)

    3,312      72,798

American Eagle Outfitters, Inc. (Retail)

    4,784      83,672

American Financial Group, Inc. (Insurance)

    1,840      45,264

American Greetings Corp. - Class A (Household Products/Wares)

    920      18,713

AmeriCredit Corp.* (Diversified Financial Services)

    2,208      38,971

Ametek, Inc. (Electrical Components & Equipment)

    2,392      83,457

AnnTaylor Stores Corp.* (Retail)

    1,288      16,705

ANSYS, Inc.* (Software)

    2,024      82,134

Apollo Investment Corp. (Investment Companies)

    3,680      33,120

AptarGroup, Inc. (Miscellaneous Manufacturing)

    1,472      51,976

Aqua America, Inc. (Water)

    3,128      48,328

Arch Coal, Inc. (Coal)

    3,680      79,709

Arrow Electronics, Inc.* (Electronics)

    2,760      69,938

Arthur J. Gallagher & Co. (Insurance)

    2,208      49,260

Ashland, Inc. (Chemicals)

    1,656      57,198

Associated Banc-Corp (Banks)

    2,944      37,713

Astoria Financial Corp. (Savings & Loans)

    1,840      18,363

Atmel Corp.* (Semiconductors)

    10,488      39,015

Atmos Energy Corp. (Gas)

    2,024      56,368

Avnet, Inc.* (Electronics)

    3,496      86,631

Avocent Corp.* (Internet)

    920      22,880

BancorpSouth, Inc. (Banks)

    1,656      37,392

Bank of Hawaii Corp. (Banks)

    1,104      49,018

Barnes & Noble, Inc. (Retail)

    920      15,281

BE Aerospace, Inc.* (Aerospace/Defense)

    2,208      39,148

Beckman Coulter, Inc. (Healthcare - Products)

    1,472      94,694

Bill Barrett Corp.* (Oil & Gas)

    736      22,801

Bio-Rad Laboratories, Inc. - Class A* (Biotechnology)

    368      32,896

BJ’s Wholesale Club, Inc.* (Retail)

    1,288      45,119

Black Hills Corp. (Electric)

    736      17,936

Blyth, Inc. (Household Products/Wares)

    184      6,519

Bob Evans Farms, Inc. (Retail)

    552      14,501

BorgWarner, Inc. (Auto Parts & Equipment)

    2,576      78,104

Boyd Gaming Corp.* (Lodging)

    1,288      9,480

BRE Properties, Inc. - Class A (REIT)

    1,104      30,062

Brink’s Home Security Holdings, Inc.* (Commercial Services)

    920      28,502

Brinker International, Inc. (Retail)

    2,392      30,235

Broadridge Financial Solutions, Inc. (Software)

    3,128      65,094

Brown & Brown, Inc. (Insurance)

    2,760      50,701

Bucyrus International, Inc. - Class A (Machinery - Construction & Mining)

    1,656      73,559

Cabot Corp. (Chemicals)

    1,472      32,281

Cadence Design Systems, Inc.* (Computers)

    6,256      38,224

Callaway Golf Co. (Leisure Time)

    1,472      10,068

Camden Property Trust (REIT)

    1,472      53,360

Career Education Corp.* (Commercial Services)

    1,472      30,676

Carlisle Cos., Inc. (Miscellaneous Manufacturing)

    1,288      39,980

Carmax, Inc.* (Retail)

    5,152      101,340

Carpenter Technology Corp. (Iron/Steel)

    920      19,348

Cathay Bancorp, Inc. (Banks)

    1,104      9,748

Cerner Corp.* (Software)

    1,472      111,931

Charles River Laboratories International, Inc.* (Biotechnology)

    1,472      53,757

Cheesecake Factory, Inc.* (Retail)

    1,288      23,416

Chico’s FAS, Inc.* (Retail)

    4,048      48,374

Chipotle Mexican Grill, Inc. - Class A* (Retail)

    736      59,977

Church & Dwight, Inc. (Household Products/Wares)

    1,656      94,193

Cimarex Energy Co. (Oil & Gas)

    1,840      72,054

Cincinnati Bell, Inc.* (Telecommunications)

    4,968      15,301

City National Corp. (Banks)

    920      34,656

Clean Harbors, Inc.* (Environmental Control)

    368      20,774

Cleco Corp. (Electric)

    1,288      31,878

Cliffs Natural Resources, Inc. (Iron/Steel)

    2,944      104,718

Coldwater Creek, Inc.* (Retail)

    1,288      7,406

Collective Brands, Inc.* (Retail)

    1,472      27,306

Commerce Bancshares, Inc. (Banks)

    1,472      56,466

Commercial Metals Co. (Metal Fabricate/Hardware)

    2,576      38,228

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraMid-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Commscope, Inc.* (Telecommunications)

    2,024    $ 54,688

Community Health Systems, Inc.* (Healthcare - Services)

    2,024      63,311

Comstock Resources, Inc.* (Oil & Gas)

    920      37,803

Con-way, Inc. (Transportation)

    1,104      36,421

Copart, Inc.* (Retail)

    1,472      47,354

Corinthian Colleges, Inc.* (Commercial Services)

    2,024      32,101

Corn Products International, Inc. (Food)

    1,656      46,666

Corporate Office Properties Trust (REIT)

    1,288      42,749

Corrections Corp. of America* (Commercial Services)

    2,576      61,669

Cousins Properties, Inc. (REIT)

    2,032      14,874

Covance, Inc.* (Healthcare - Services)

    1,472      76,073

Crane Co. (Miscellaneous Manufacturing)

    920      25,622

Cree Research, Inc.* (Semiconductors)

    2,208      92,957

Cullen/Frost Bankers, Inc. (Banks)

    1,288      60,266

Cytec Industries, Inc. (Chemicals)

    1,104      36,620

Deluxe Corp. (Commercial Services)

    1,104      15,710

Dick’s Sporting Goods, Inc.* (Retail)

    2,024      45,925

Diebold, Inc. (Computers)

    1,472      44,513

Digital River, Inc.* (Internet)

    736      16,803

Dollar Tree, Inc.* (Retail)

    2,024      91,343

Donaldson Co., Inc. (Miscellaneous Manufacturing)

    1,656      59,070

DPL, Inc. (Electric)

    2,576      65,276

DreamWorks Animation SKG, Inc. - Class A* (Entertainment)

    1,656      52,992

DST Systems, Inc.* (Computers)

    920      38,373

Duke-Weeks Realty Corp. (REIT)

    5,152      57,908

Dycom Industries, Inc.* (Engineering & Construction)

    736      7,272

Eaton Vance Corp. (Diversified Financial Services)

    2,760      78,356

Edwards Lifesciences Corp.* (Healthcare - Products)

    1,288      99,099

Encore Acquisition Co.* (Oil & Gas)

    1,288      47,746

Endo Pharmaceuticals Holdings, Inc.* (Pharmaceuticals)

    2,760      61,824

Energen Corp. (Gas)

    1,656      72,665

Energizer Holdings, Inc.* (Electrical Components & Equipment)

    1,472      89,601

Equinix, Inc.* (Internet)

    736      62,796

Equity One, Inc. (REIT)

    736      10,981

Essex Property Trust, Inc. (REIT)

    552      41,499

Everest Re Group, Ltd. (Insurance)

    1,288      112,687

Exterran Holdings, Inc.* (Oil & Gas Services)

    1,472      30,073

F5 Networks, Inc.* (Internet)

    1,840      82,598

FactSet Research Systems, Inc. (Computers)

    920      58,926

Fair Isaac Corp. (Software)

    1,104      22,444

Fairchild Semiconductor International, Inc.* (Semiconductors)

    2,760      20,645

Federal Realty Investment Trust (REIT)

    1,288      76,031

Federal Signal Corp. (Miscellaneous Manufacturing)

    1,104      6,779

Fidelity National Title Group, Inc. - Class A (Insurance)

    5,336      72,409

First American Financial Corp. (Insurance)

    2,024      61,509

First Niagara Financial Group, Inc. (Savings & Loans)

    4,048      51,976

FirstMerit Corp. (Banks)

    1,840      34,868

Flowers Foods, Inc. (Food)

    1,656      38,684

Foot Locker, Inc. (Retail)

    3,680      38,566

Forest Oil Corp.* (Oil & Gas)

    2,576      50,490

Fossil, Inc.* (Household Products/Wares)

    1,104      29,510

Frontier Oil Corp. (Oil & Gas)

    2,392      33,153

FTI Consulting, Inc.* (Commercial Services)

    1,104      45,054

Fulton Financial Corp. (Banks)

    4,048      33,436

Gartner Group, Inc.* (Commercial Services)

    1,288      23,983

GATX Corp. (Trucking & Leasing)

    920      25,006

Gen-Probe, Inc.* (Healthcare - Products)

    1,104      46,059

Gentex Corp. (Electronics)

    3,128      50,079

Global Payments, Inc. (Software)

    1,840      90,583

Graco, Inc. (Machinery - Diversified)

    1,288      35,472

Granite Construction, Inc. (Engineering & Construction)

    736      21,020

Great Plains Energy, Inc. (Electric)

    3,128      54,114

Greif, Inc. - Class A (Packaging & Containers)

    736      39,391

GUESS?, Inc. (Apparel)

    1,288      47,076

Hanesbrands, Inc.* (Apparel)

    2,208      47,737

Hanover Insurance Group, Inc. (Insurance)

    1,104      46,434

Hansen Natural Corp.* (Beverages)

    1,656      59,864

Harsco Corp. (Miscellaneous Manufacturing)

    1,840      57,942

Harte-Hanks, Inc. (Advertising)

    736      8,641

Hawaiian Electric Industries, Inc. (Electric)

    2,024      36,128

HCC Insurance Holdings, Inc. (Insurance)

    2,576      67,981

Health Management Associates, Inc. - Class A* (Healthcare - Services)

    5,704      34,794

Health Net, Inc.* (Healthcare - Services)

    2,392      35,665

Helix Energy Solutions Group, Inc.* (Oil & Gas Services)

    2,024      27,790

Helmerich & Payne, Inc. (Oil & Gas)

    2,392      90,944

Henry Schein, Inc.* (Healthcare - Products)

    2,024      106,928

Herman Miller, Inc. (Office Furnishings)

    1,288      19,900

Hewitt Associates, Inc.* (Commercial Services)

    1,840      65,357

Highwoods Properties, Inc. (REIT)

    1,656      45,573

Hill-Rom Holdings, Inc. (Healthcare - Products)

    1,472      28,836

HNI Corp. (Office Furnishings)

    920      24,214

Hologic, Inc.* (Healthcare - Products)

    5,888      87,025

Horace Mann Educators Corp. (Insurance)

    920      11,436

Hospitality Properties Trust (REIT)

    2,760      53,296

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraMid-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Hubbell, Inc. - Class B (Electrical Components & Equipment)

    1,288    $ 54,779

IDACORP, Inc. (Electric)

    1,104      31,011

IDEX Corp. (Machinery - Diversified)

    1,840      52,311

IDEXX Laboratories, Inc.* (Healthcare - Products)

    1,288      65,843

Imation Corp. (Computers)

    552      4,869

Immucor, Inc.* (Healthcare - Products)

    1,656      29,609

Informatica Corp.* (Software)

    2,024      42,970

Ingram Micro, Inc. - Class A* (Distribution/Wholesale)

    3,680      64,952

Integrated Device Technology, Inc.* (Semiconductors)

    3,864      22,720

International Bancshares Corp. (Banks)

    1,104      16,394

International Rectifier Corp.* (Semiconductors)

    1,656      30,272

International Speedway Corp. (Entertainment)

    552      14,082

Intersil Corp. - Class A (Semiconductors)

    2,760      34,638

Itron, Inc.* (Electronics)

    920      55,237

ITT Educational Services, Inc.* (Commercial Services)

    736      66,498

J. Crew Group, Inc.* (Retail)

    1,288      52,525

J.B. Hunt Transport Services, Inc. (Transportation)

    2,024      60,841

Jack Henry & Associates, Inc. (Computers)

    1,840      42,449

Jefferies Group, Inc.* (Diversified Financial Services)

    2,760      72,036

JetBlue Airways Corp.* (Airlines)

    4,968      24,641

John Wiley & Sons, Inc. (Media)

    920      32,402

Jones Lang LaSalle, Inc. (Real Estate)

    920      43,102

Joy Global, Inc. (Machinery - Construction & Mining)

    2,392      120,581

Kansas City Southern Industries, Inc.* (Transportation)

    2,208      53,500

KBR, Inc. (Engineering & Construction)

    3,680      75,330

Kelly Services, Inc. - Class A (Commercial Services)

    552      6,116

Kennametal, Inc. (Hand/Machine Tools)

    1,840      43,350

Kindred Healthcare, Inc.* (Healthcare - Services)

    920      13,524

Kinetic Concepts, Inc.* (Healthcare - Products)

    1,288      42,749

Kirby Corp.* (Transportation)

    1,104      37,315

Korn/Ferry International* (Commercial Services)

    920      14,683

Lam Research Corp.* (Semiconductors)

    2,944      99,272

Lamar Advertising Co.* (Advertising)

    1,104      26,827

Lancaster Colony Corp. (Miscellaneous Manufacturing)

    368      17,877

Landstar System, Inc. (Transportation)

    1,104      38,905

Lender Processing Services, Inc. (Diversified Financial Services)

    2,208      87,878

Lennox International, Inc. (Building Materials)

    1,104      37,172

Liberty Property Trust (REIT)

    2,576      75,657

Life Time Fitness, Inc.* (Leisure Time)

    920      19,826

LifePoint Hospitals, Inc.* (Healthcare - Services)

    1,288      36,489

Lincare Holdings, Inc.* (Healthcare - Services)

    1,472      46,236

Lincoln Electric Holdings, Inc. (Hand/Machine Tools)

    920      43,645

LKQ Corp.* (Distribution/Wholesale)

    3,312      57,198

Louisiana-Pacific Corp.* (Forest Products & Paper)

    2,392      12,558

Lubrizol Corp. (Chemicals)

    1,472      97,976

M.D.C. Holdings, Inc. (Home Builders)

    736      24,008

Mack-Cali Realty Corp. (REIT)

    1,840      56,948

Manpower, Inc. (Commercial Services)

    1,840      87,234

ManTech International Corp. - Class A* (Software)

    368      16,140

Mariner Energy, Inc.* (Oil & Gas)

    2,392      30,474

Martin Marietta Materials (Building Materials)

    920      76,654

Marvel Entertainment, Inc.* (Toys/Games/Hobbies)

    1,104      55,167

Masimo Corp.* (Healthcare - Products)

    1,104      29,333

Matthews International Corp. - Class A (Miscellaneous Manufacturing)

    552      20,275

MDU Resources Group, Inc. (Electric)

    4,232      87,814

Medicis Pharmaceutical Corp. - Class A (Pharmaceuticals)

    1,288      27,267

Mentor Graphics Corp.* (Computers)

    2,208      16,118

Mercury General Corp. (Insurance)

    736      26,835

Mettler Toledo International, Inc.* (Electrical Components & Equipment)

    736      71,760

Micros Systems, Inc.* (Computers)

    1,840      49,533

Mine Safety Appliances Co. (Environmental Control)

    552      14,070

Minerals Technologies, Inc. (Chemicals)

    368      18,128

Mohawk Industries, Inc.* (Textiles)

    1,288      55,165

MPS Group, Inc.* (Commercial Services)

    2,024      27,364

MSC Industrial Direct Co. - Class A (Retail)

    920      39,606

National Fuel Gas Co. (Pipelines)

    1,840      83,426

National Instruments Corp. (Computers)

    1,288      34,390

Nationwide Health Properties, Inc. (REIT)

    2,392      77,142

Navigant Consulting Co.* (Commercial Services)

    1,104      15,721

NBTY, Inc.* (Pharmaceuticals)

    1,288      46,896

NCR Corp.* (Computers)

    3,680      37,352

Netflix, Inc.* (Internet)

    920      49,174

NeuStar, Inc.* (Telecommunications)

    1,656      38,254

New York Community Bancorp (Savings & Loans)

    8,096      87,437

NewAlliance Bancshares, Inc. (Savings & Loans)

    2,392      26,503

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraMid-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Newfield Exploration Co.* (Oil & Gas)

    3,128    $ 128,311

Nordson Corp. (Machinery - Diversified)

    736      38,839

NSTAR (Electric)

    2,392      74,032

NV Energy, Inc. (Electric)

    5,520      63,259

NVR, Inc.* (Home Builders)

    184      121,858

Oceaneering International, Inc.* (Oil & Gas Services)

    1,288      65,817

OGE Energy Corp. (Electric)

    2,208      73,350

Old Republic International Corp. (Insurance)

    5,520      58,954

Olin Corp. (Chemicals)

    1,840      28,097

OMEGA Healthcare Investors, Inc. (REIT)

    1,840      27,894

Omnicare, Inc. (Pharmaceuticals)

    2,760      59,809

ONEOK, Inc. (Gas)

    2,392      86,614

Oshkosh Truck Corp. (Auto Manufacturers)

    2,024      63,270

OSI Pharmaceuticals, Inc.* (Pharmaceuticals)

    1,288      41,499

Overseas Shipholding Group, Inc. (Transportation)

    368      14,444

Owens & Minor, Inc. (Distribution/Wholesale)

    920      37,619

Packaging Corp. of America (Packaging & Containers)

    2,392      43,726

PacWest Bancorp (Banks)

    552      9,373

Palm, Inc.* (Computers)

    3,864      44,861

Panera Bread Co. - Class A* (Retail)

    552      33,109

Parametric Technology Corp.* (Software)

    2,576      38,408

Patriot Coal Corp.* (Coal)

    1,656      18,713

Patterson-UTI Energy, Inc. (Oil & Gas)

    3,496      54,468

Pentair, Inc. (Miscellaneous Manufacturing)

    2,208      64,253

PepsiAmericas, Inc. (Beverages)

    1,288      37,661

Perrigo Co. (Pharmaceuticals)

    1,840      68,430

PetSmart, Inc. (Retail)

    2,944      69,272

Pharmaceutical Product Development, Inc. (Commercial Services)

    2,760      59,478

Phillips-Van Heusen Corp. (Apparel)

    1,104      44,326

Plains Exploration & Production Co.* (Oil & Gas)

    3,128      82,892

Plantronics, Inc. (Telecommunications)

    1,104      26,617

PNM Resources, Inc. (Electric)

    2,024      21,697

Polycom, Inc.* (Telecommunications)

    1,840      39,505

Potlatch Corp. (Forest Products & Paper)

    920      25,677

Priceline.com, Inc.* (Internet)

    920      145,167

Pride International, Inc.* (Oil & Gas)

    4,048      119,659

Protective Life Corp. (Insurance)

    1,840      35,420

Psychiatric Solutions, Inc.* (Healthcare - Services)

    1,288      26,584

Quest Software, Inc.* (Software)

    1,288      21,600

Quicksilver Resources, Inc.* (Oil & Gas)

    2,760      33,672

Ralcorp Holdings, Inc.* (Food)

    1,288      69,166

Raymond James Financial Corp. (Diversified Financial Services)

    2,208      52,131

Rayonier, Inc. (Forest Products & Paper)

    1,840      70,987

Realty Income Corp. (REIT)

    2,392      55,447

Regency Centers Corp. (REIT)

    1,840      61,732

Regis Corp. (Retail)

    1,288      20,917

Reinsurance Group of America, Inc. (Insurance)

    1,656      76,342

Reliance Steel & Aluminum Co. (Iron/Steel)

    1,472      53,699

Rent-A-Center, Inc.* (Commercial Services)

    1,472      27,026

ResMed, Inc.* (Healthcare - Products)

    1,656      81,492

RF Micro Devices, Inc.* (Telecommunications)

    6,256      24,899

Rollins, Inc. (Commercial Services)

    920      16,634

Roper Industries, Inc. (Miscellaneous Manufacturing)

    2,024      102,313

Ross Stores, Inc. (Retail)

    2,944      129,565

Rovi Corp.* (Semiconductors)

    2,392      65,900

RPM, Inc. (Chemicals)

    2,944      51,873

Ruddick Corp. (Food)

    920      24,582

SAIC, Inc.* (Commercial Services)

    4,784      84,725

Saks, Inc.* (Retail)

    3,312      18,580

Scholastic Corp. (Media)

    552      13,728

Scientific Games Corp. - Class A* (Entertainment)

    1,472      20,711

SEI Investments Co. (Software)

    2,944      51,432

Semtech Corp.* (Semiconductors)

    1,288      19,925

Sensient Technologies Corp. (Chemicals)

    1,104      27,920

Service Corp. International (Commercial Services)

    5,888      40,451

Shaw Group, Inc.* (Engineering & Construction)

    1,840      47,214

Silicon Laboratories, Inc.* (Semiconductors)

    920      38,548

SL Green Realty Corp. (REIT)

    1,656      64,187

Smithfield Foods, Inc.* (Food)

    3,312      44,182

Solera Holdings, Inc. (Software)

    1,472      47,428

Sonoco Products Co. (Packaging & Containers)

    2,208      59,064

Sotheby’s (Commercial Services)

    1,472      23,346

Southern Union Co. (Gas)

    2,760      54,013

SPX Corp. (Miscellaneous Manufacturing)

    1,104      58,269

SRA International, Inc. - Class A* (Computers)

    920      17,259

StanCorp Financial Group, Inc. (Insurance)

    1,104      40,528

Steel Dynamics, Inc. (Iron/Steel)

    4,968      66,521

STERIS Corp. (Healthcare - Products)

    1,288      37,687

Strayer Education, Inc. (Commercial Services)

    184      37,346

Superior Energy Services, Inc.* (Oil & Gas Services)

    1,840      39,762

SVB Financial Group* (Banks)

    736      30,360

Sybase, Inc.* (Software)

    1,840      72,790

Syniverse Holdings, Inc.* (Telecommunications)

    1,472      25,215

Synopsys, Inc.* (Computers)

    3,312      72,864

Synovus Financial Corp. (Banks)

    11,224      24,917

TCF Financial Corp. (Banks)

    2,576      30,474

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraMid-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Tech Data Corp.* (Distribution/Wholesale)

      1,104    $ 42,427

Techne Corp. (Healthcare - Products)

      736      46,007

Teleflex, Inc. (Miscellaneous Manufacturing)

      920      45,770

Telephone & Data Systems, Inc. (Telecommunications)

      2,208      65,401

Temple-Inland, Inc. (Forest Products & Paper)

      2,392      36,956

Terex Corp.* (Machinery - Construction & Mining)

      2,392      48,366

Terra Industries, Inc. (Chemicals)

      2,208      70,148

The Brink’s Co. (Miscellaneous Manufacturing)

      920      21,832

The Corporate Executive Board Co. (Commercial Services)

      736      17,671

The Macerich Co. (REIT)

      1,872      55,786

The Ryland Group, Inc. (Home Builders)

      920      17,066

The Scotts Miracle-Gro Co. - Class A (Household Products/Wares)

      920      37,370

The Timberland Co. - Class A* (Apparel)

      920      14,886

The Warnaco Group, Inc.* (Apparel)

      920      37,288

Thomas & Betts Corp.* (Electronics)

      1,104      37,768

Thor Industries, Inc. (Home Builders)

      736      19,298

Thoratec Corp.* (Healthcare - Products)

      1,288      33,823

Tidewater, Inc. (Oil & Gas Services)

      1,104      46,004

Timken Co. (Metal Fabricate/Hardware)

      1,840      40,535

Toll Brothers, Inc.* (Home Builders)

      3,128      54,177

Tootsie Roll Industries, Inc. (Food)

      552      13,695

Trimble Navigation, Ltd.* (Electronics)

      2,760      57,877

Trinity Industries, Inc. (Miscellaneous Manufacturing)

      1,840      31,059

Trustmark Corp. (Banks)

      1,104      20,921

Tupperware Corp. (Household Products/Wares)

      1,472      66,269

UDR, Inc. (REIT)

      3,496      50,272

UGI Corp. (Gas)

      2,392      57,121

Under Armour, Inc. - Class A* (Retail)

      736      19,762

Unit Corp.* (Oil & Gas)

      920      35,954

United Rentals, Inc.* (Commercial Services)

      1,288      12,223

United Therapeutics Corp.* (Pharmaceuticals)

      736      31,309

Unitrin, Inc. (Insurance)

      1,104      21,638

Universal Corp. (Agriculture)

      552      22,958

Universal Health Services, Inc. - Class B (Healthcare - Services)

      1,104      61,438

Urban Outfitters, Inc.* (Retail)

      2,944      92,383

URS Corp.* (Engineering & Construction)

      1,840      71,502

Valeant Pharmaceuticals International* (Pharmaceuticals)

      1,472      43,277

Valley National Bancorp (Banks)

      3,312      43,983

Valmont Industries, Inc. (Metal Fabricate/Hardware)

      368      26,595

Valspar Corp. (Chemicals)

      2,208      56,017

ValueClick, Inc.* (Internet)

      2,024      19,916

Varian, Inc.* (Electronics)

      552      28,262

VCA Antech, Inc.* (Pharmaceuticals)

      1,840      43,829

Vectren Corp. (Gas)

      1,840      41,474

Vertex Pharmaceuticals, Inc.* (Biotechnology)

      4,232      142,026

Vishay Intertechnology, Inc.* (Electronics)

      4,232      26,365

W.R. Berkley Corp. (Insurance)

      3,128      77,324

Wabtec Corp. (Machinery - Diversified)

      1,104      40,583

Waddell & Reed Financial, Inc. - Class A (Diversified Financial Services)

      2,024      56,793

Washington Federal, Inc. (Savings & Loans)

      2,392      41,023

Waste Connections, Inc.* (Environmental Control)

      1,840      57,831

Watson Wyatt Worldwide, Inc. - Class A (Commercial Services)

      920      40,094

Webster Financial Corp. (Banks)

      1,472      16,648

Weingarten Realty Investors (REIT)

      2,392      44,252

WellCare Health Plans, Inc.* (Healthcare - Services)

      920      24,040

Wendy’s/Arby’s Group, Inc. - Class A (Retail - Restaurants)

      8,648      34,160

Werner Enterprises, Inc. (Transportation)

      920      17,250

Westamerica Bancorp (Banks)

      552      26,386

Westar Energy, Inc. (Electric)

      2,392      45,807

WGL Holdings, Inc. (Gas)

      1,104      36,498

Williams Sonoma, Inc. (Retail)

      2,392      44,922

Wilmington Trust Corp. (Banks)

      1,472      17,738

WMS Industries, Inc.* (Leisure Time)

      920      36,782

Woodward Governor Co. (Electronics)

      1,288      30,281

Worthington Industries, Inc. (Metal Fabricate/Hardware)

      1,288      14,232

Zebra Technologies Corp. - Class A* (Machinery - Diversified)

      1,288      32,200
         

TOTAL COMMON STOCKS
(Cost $13,561,409)

         18,354,550
         
     Principal
Amount		     

Repurchase Agreements (19.2%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,809,003 (Collateralized by $1,750,400 U.S. Treasury Notes, 3.75%, 11/15/18, market value $1,845,441)

    $ 1,809,000      1,809,000

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,182,001 (Collateralized by $1,208,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $1,207,304)

     1,182,000      1,182,000

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraMid-Cap ProFund    October 31, 2009
(unaudited)   

 

     Principal
Amount		    Value

Repurchase Agreements, continued

      

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $2,227,004 (Collateralized by $2,163,000 of various Federal National Mortgage Association Securities, 4.38%–6.00%, 6/21/10-5/15/11, market value $2,287,268)

    $ 2,227,000    $ 2,227,000

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $705,001 (Collateralized by $714,000 of various U.S. Treasury Securities, 1.13%–4.00%, 6/30/11-3/6/13, market value $724,840)

      705,000      705,000
         

TOTAL REPURCHASE AGREEMENTS
(Cost $5,923,000)

         5,923,000
         

TOTAL INVESTMENT SECURITIES
(Cost $19,484,409)—78.5%

         24,277,550

Net other assets (liabilities) — 21.5%

         6,660,323
         

NET ASSETS — 100.0%

       $ 30,937,873
         

 

*

Non-income producing security

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $3,792,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Contracts    Unrealized
Appreciation
(Depreciation)		  

Futures Contracts Purchased

      

E-Mini S&P MidCap 400 Futures Contract expiring 12/18/09 (Underlying notional amount at value $15,439,500)

      235    $ (421,389 ) 
     Notional
Amount at
Value		    Unrealized
Gain (Loss)		  

Swap Agreements

      

Equity Index Swap Agreement with Goldman Sachs International, based on the S&P MidCap 400 Index

    $ 14,184,180    $ (435,150 ) 

Equity Index Swap Agreement with UBS AG, based on the S&P MidCap 400 Index

    $ 13,846,826    $ (491,271 ) 

UltraMid-Cap ProFund invested in the following industries as of October 31, 2009:

 

     Value    % of
Net Assets		  

Advertising

    $ 35,468    0.1 % 

Aerospace/Defense

      96,394    0.3 % 

Agriculture

      22,958    0.1 % 

Airlines

      53,689    0.2 % 

Apparel

      191,313    0.6 % 

Auto Manufacturers

      63,270    0.2 % 

Auto Parts & Equipment

      78,104    0.3 % 

Banks

      590,757    1.9 % 

Beverages

      97,525    0.3 % 

Biotechnology

      237,340    0.8 % 

Building Materials

      113,826    0.4 % 

Chemicals

      540,176    1.7 % 

Coal

      98,422    0.3 % 

Commercial Services

      968,015    3.1 % 

Computers

      499,731    1.6 % 

Cosmetics/Personal Care

      49,349    0.2 % 

Distribution/Wholesale

      202,196    0.7 % 

Diversified Financial Services

      444,576    1.4 % 

Electric

      670,721    2.2 % 

Electrical Components & Equipment

      299,597    1.0 % 

Electronics

      442,438    1.4 % 

Engineering & Construction

      287,356    0.9 % 

Entertainment

      87,785    0.3 % 

Environmental Control

      92,675    0.3 % 

Food

      236,975    0.8 % 

Forest Products & Paper

      146,178    0.5 % 

Gas

      462,647    1.5 % 

Hand/Machine Tools

      86,995    0.3 % 

Healthcare - Products

      829,184    2.7 % 

Healthcare - Services

      418,154    1.4 % 

Home Builders

      236,407    0.8 % 

Household Products/Wares

      252,574    0.8 % 

Insurance

      854,722    2.8 % 

Internet

      399,334    1.3 % 

Investment Companies

      33,120    0.1 % 

Iron/Steel

      244,286    0.8 % 

Leisure Time

      66,676    0.2 % 

Lodging

      9,480    NM   

Machinery - Construction & Mining

      242,506    0.8 % 

Machinery - Diversified

      256,300    0.8 % 

Media

      46,130    0.1 % 

Metal Fabricate/Hardware

      119,590    0.4 % 

Miscellaneous Manufacturing

      603,017    1.9 % 

Office Furnishings

      44,114    0.1 % 

Oil & Gas

      840,421    2.7 % 

Oil & Gas Services

      209,446    0.7 % 

Packaging & Containers

      142,181    0.5 % 

Pharmaceuticals

      424,140    1.4 % 

Pipelines

      83,426    0.3 % 

REIT

      1,118,284    3.6 % 

Real Estate

      43,102    0.1 % 

Retail

      1,365,135    4.2 % 

Retail - Restaurants

      34,160    0.1 % 

Savings & Loans

      225,302    0.7 % 

Semiconductors

      463,892    1.5 % 

Software

      702,951    2.3 % 

Telecommunications

      381,174    1.2 % 

Textiles

      55,165    0.2 % 

Toys/Games/Hobbies

      55,167    0.2 % 

Transportation

      285,200    0.9 % 

Trucking & Leasing

      25,006    0.1 % 

Water

      48,328    0.2 % 

Other**

      12,583,323    40.7 % 
             

Total

    $ 30,937,873    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 Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraMid-Cap ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1     LEVEL 2     Total  

Description

       

Investment Securities:

       

Common Stocks

    $ 18,354,550      $ —        $ 18,354,550   

Repurchase Agreements

      —          5,923,000        5,923,000   
                        

Total Investment Securities

      18,354,550        5,923,000        24,277,550   
                        

Other Financial Instruments^

      (421,389 )      (926,421 )      (1,347,810 ) 
                        

Total Investments

    $ 17,933,161      $ 4,996,579      $ 22,929,740   
                        

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraSmall-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks (46.4%)

      

1st Source Corp. (Banks)

    780    $ 11,560

3Com Corp.* (Telecommunications)

    9,828      50,516

3PAR, Inc.* (Computers)

    1,092      10,276

99 Cents Only Stores* (Retail)

    1,560      17,737

AAON, Inc. (Building Materials)

    1,560      28,096

AAR Corp.* (Aerospace/Defense)

    1,560      30,592

ABIOMED, Inc.* (Healthcare - Products)

    1,872      16,942

ABM Industries, Inc. (Commercial Services)

    1,560      29,297

Acco Brands Corp.* (Household Products/Wares)

    2,184      13,235

ACI Worldwide, Inc.* (Software)

    1,248      20,080

Acme Packet, Inc.* (Telecommunications)

    1,248      12,218

Acorda Therapeutics, Inc.* (Biotechnology)

    1,092      23,729

Actuant Corp. - Class A (Miscellaneous Manufacturing)

    2,340      36,527

Acuity Brands, Inc. (Miscellaneous Manufacturing)

    1,404      44,451

Acxiom Corp.* (Software)

    2,652      30,445

Adaptec, Inc.* (Telecommunications)

    6,552      20,901

ADC Telecommunications, Inc.* (Telecommunications)

    2,964      19,236

Administaff, Inc. (Commercial Services)

    936      23,232

ADTRAN, Inc. (Telecommunications)

    1,716      39,537

Advisory Board Co.* (Commercial Services)

    780      19,219

Affymax, Inc.* (Biotechnology)

    624      12,567

Affymetrix, Inc.* (Biotechnology)

    2,808      14,686

Aircastle, Ltd. (Trucking & Leasing)

    2,028      16,062

AirTran Holdings, Inc.* (Airlines)

    3,276      13,857

Alaska Air Group, Inc.* (Airlines)

    1,092      28,086

Alaska Communications Systems Group, Inc. (Telecommunications)

    2,496      19,419

Albany International Corp. - Class A (Machinery - Diversified)

    1,716      28,589

Alexander’s, Inc.* (REIT)

    156      41,327

Align Technology, Inc.* (Healthcare - Products)

    1,872      29,428

Alkermes, Inc.* (Pharmaceuticals)

    2,496      19,893

Allied Capital Corp. (Investment Companies)

    4,524      14,115

Allied Nevada Gold Corp.* (Mining)

    1,248      11,918

Allos Therapeutics, Inc.* (Pharmaceuticals)

    2,340      13,221

Altisource Portfolio Solutions S.A.* (Diversified Financial Services)

    289      4,407

AMAG Pharmaceuticals, Inc.* (Biotechnology)

    468      17,681

Ambac Financial Group, Inc. (Insurance)

    9,672      11,123

AMCOL International Corp. (Mining)

    936      24,373

American Campus Communities, Inc. (REIT)

    1,716      46,366

American Dairy, Inc.* (Food)

    312      9,029

American Ecology Corp. (Environmental Control)

    1,092      18,149

American Greetings Corp. - Class A (Household Products/Wares)

    1,092      22,211

American Italian Pasta Co. - Class A* (Food)

    624      16,954

American Medical Systems Holdings, Inc.* (Healthcare - Products)

    1,872      28,866

American Public Education, Inc.* (Commercial Services)

    468      14,929

American Reprographics Co.* (Software)

    1,872      11,232

AMERIGROUP Corp.* (Healthcare - Services)

    1,404      30,958

Amerisafe, Inc.* (Insurance)

    1,248      23,138

Ameristar Casinos, Inc. (Lodging)

    780      11,482

Ameron International Corp. (Miscellaneous Manufacturing)

    312      18,402

Amkor Technology, Inc.* (Semiconductors)

    3,900      21,489

AMN Healthcare Services, Inc.* (Commercial Services)

    3,588      29,852

ANADIGICS, Inc.* (Semiconductors)

    2,652      8,513

Analogic Corp. (Electronics)

    468      17,475

AngioDynamics, Inc.* (Healthcare - Products)

    1,248      18,845

Anixter International, Inc.* (Telecommunications)

    936      39,172

AnnTaylor Stores Corp.* (Retail)

    1,716      22,257

Apogee Enterprises, Inc. (Building Materials)

    1,560      20,654

Apollo Investment Corp. (Investment Companies)

    4,836      43,524

Applied Industrial Technologies, Inc. (Machinery - Diversified)

    1,248      25,247

Applied Micro Circuits Corp.* (Semiconductors)

    2,340      18,299

Arch Chemicals, Inc. (Chemicals)

    1,248      34,557

ArcSight, Inc.* (Telecommunications)

    624      15,425

Ardea Biosciences, Inc.* (Pharmaceuticals)

    780      10,530

Arena Pharmaceuticals, Inc.* (Biotechnology)

    3,120      11,014

Arena Resources, Inc.* (Oil & Gas)

    1,404      52,313

Ares Capital Corp. (Investment Companies)

    2,964      30,944

Argo Group International Holdings, Ltd.* (Insurance)

    1,560      52,978

Argon ST, Inc.* (Aerospace/Defense)

    936      17,410

Ariba, Inc.* (Internet)

    2,808      33,191

Arkansas Best Corp. (Transportation)

    936      24,168

ArQule, Inc.* (Biotechnology)

    2,340      7,839

Array BioPharma, Inc.* (Pharmaceuticals)

    4,368      7,819

Arris Group, Inc.* (Telecommunications)

    3,432      35,212

Art Technology Group, Inc.* (Internet)

    4,212      17,353

Aruba Networks, Inc.* (Telecommunications)

    1,560      12,199

ArvinMeritor, Inc. (Auto Parts & Equipment)

    2,652      20,712

Asbury Automotive Group, Inc.* (Retail)

    1,092      10,636

Ashford Hospitality Trust* (REIT)

    3,276      12,580

AsiaInfo Holdings, Inc.* (Internet)

    936      20,648

Assured Guaranty, Ltd. (Insurance)

    1,560      25,865

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraSmall-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Astec Industries, Inc.* (Machinery - Construction & Mining)

    780    $ 17,940

Astoria Financial Corp. (Savings & Loans)

    3,120      31,138

ATC Technology Corp.* (Auto Parts & Equipment)

    1,092      22,823

athenahealth, Inc.* (Software)

    780      29,336

Atheros Communications* (Telecommunications)

    1,716      42,248

Atlantic Tele-Network, Inc. (Environmental Control)

    312      14,302

Atlas Air Worldwide Holdings, Inc.* (Transportation)

    624      16,405

Atlas Energy, Inc. (Oil & Gas)

    1,560      40,841

ATMI, Inc.* (Semiconductors)

    1,248      18,907

Auxilium Pharmaceuticals, Inc.* (Healthcare - Products)

    1,248      39,262

Avid Technology, Inc.* (Software)

    1,560      19,703

Avis Budget Group, Inc.* (Commercial Services)

    2,652      22,277

Avocent Corp.* (Internet)

    1,716      42,677

AZZ, Inc.* (Miscellaneous Manufacturing)

    624      21,378

Badger Meter, Inc. (Electronics)

    468      17,442

Balchem Corp. (Chemicals)

    936      25,824

Baldor Electric Co. (Hand/Machine Tools)

    1,716      44,359

Baldwin & Lyons, Inc. - Class B (Insurance)

    1,092      24,909

Bally Technologies, Inc.* (Entertainment)

    1,404      55,304

BancFirst Corp. (Banks)

    624      22,533

Bank Mutual Corp. (Banks)

    3,744      26,283

Bare Escentuals, Inc.* (Cosmetics/Personal Care)

    2,184      27,584

Barnes Group, Inc. (Miscellaneous Manufacturing)

    1,872      29,671

Beacon Roofing Supply, Inc.* (Distribution/Wholesale)

    1,560      22,402

Belden, Inc. (Electrical Components & Equipment)

    1,716      39,382

Benchmark Electronics, Inc.* (Electronics)

    2,184      36,691

Berry Petroleum Co. - Class A (Oil & Gas)

    1,560      39,562

Bill Barrett Corp.* (Oil & Gas)

    1,560      48,329

Bio-Reference Laboratories, Inc.* (Healthcare - Services)

    624      20,174

BioMed Realty Trust, Inc. (REIT)

    2,808      38,105

Black Box Corp. (Telecommunications)

    624      16,542

Blackbaud, Inc. (Software)

    1,560      34,616

Blackboard, Inc.* (Software)

    936      33,200

Blount International, Inc.* (Machinery - Diversified)

    1,872      16,923

Blue Coat Systems, Inc.* (Internet)

    1,248      27,805

Bob Evans Farms, Inc. (Retail)

    1,248      32,785

Boston Private Financial Holdings, Inc. (Banks)

    3,120      18,564

BPZ Resources, Inc.* (Oil & Gas)

    2,496      15,725

Brady Corp. - Class A (Electronics)

    1,560      42,245

Brigham Exploration Co.* (Oil & Gas)

    3,744      35,568

Bristow Group, Inc.* (Transportation)

    936      27,284

Brooks Automation, Inc.* (Semiconductors)

    3,120      21,466

Brown Shoe Co., Inc. (Retail)

    1,872      19,413

Bruker Corp.* (Healthcare - Products)

    1,404      15,219

Brunswick Corp. (Leisure Time)

    2,808      26,620

Brush Engineered Materials, Inc.* (Mining)

    936      17,269

Buffalo Wild Wings, Inc.* (Retail)

    624      25,590

CACI International, Inc. - Class A* (Computers)

    936      44,572

Calamos Asset Management, Inc. (Diversified Financial Services)

    936      9,922

Calgon Carbon Corp.* (Environmental Control)

    1,404      22,239

California Water Service Group (Water)

    936      34,230

Capella Education Co.* (Commercial Services)

    468      32,245

Capstead Mortgage Corp. (REIT)

    2,028      26,688

CardioNet, Inc.* (Healthcare - Products)

    936      5,532

Carrizo Oil & Gas, Inc.* (Oil & Gas)

    1,248      28,929

Carter’s, Inc.* (Apparel)

    1,560      36,816

Casey’s General Stores, Inc. (Retail)

    1,404      44,268

Cash America International, Inc. (Retail)

    780      23,603

Cass Information Systems, Inc. (Banks)

    624      18,552

Catalyst Health Solutions, Inc.* (Pharmaceuticals)

    1,092      34,256

Cathay Bancorp, Inc. (Banks)

    1,716      15,152

Cavium Networks, Inc.* (Semiconductors)

    1,092      20,704

CBIZ, Inc.* (Commercial Services)

    4,680      32,947

CEC Entertainment, Inc.* (Retail)

    780      22,784

Celera Corp.* (Biotechnology)

    2,496      15,450

Centene Corp.* (Healthcare - Services)

    1,248      22,252

Centennial Communications Corp.* (Telecommunications)

    2,028      17,157

Central Garden & Pet Co. - Class A* (Household Products/Wares)

    1,716      16,233

Century Aluminum Co.* (Mining)

    1,872      16,230

Cenveo, Inc.* (Commercial Services)

    2,808      19,881

Cepheid, Inc.* (Healthcare - Products)

    2,028      26,912

Ceradyne, Inc.* (Miscellaneous Manufacturing)

    936      15,088

Charming Shoppes, Inc.* (Retail)

    3,432      15,547

Chart Industries, Inc.* (Machinery - Diversified)

    936      18,505

Chattem, Inc.* (Cosmetics/Personal Care)

    312      19,771

Checkpoint Systems, Inc.* (Electronics)

    1,560      21,169

Cheesecake Factory, Inc.* (Retail)

    1,716      31,197

Chemed Corp. (Commercial Services)

    780      35,350

Chemical Financial Corp. (Banks)

    1,560      34,242

Churchill Downs, Inc. (Entertainment)

    624      19,581

Cincinnati Bell, Inc.* (Telecommunications)

    7,800      24,024

CIRCOR International, Inc. (Metal Fabricate/Hardware)

    780      21,255

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraSmall-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Cirrus Logic, Inc.* (Semiconductors)

    3,120    $ 15,101

Citi Trends, Inc.* (Retail)

    468      12,322

City Holding Co. (Banks)

    936      28,614

CKE Restaurants, Inc. (Retail)

    2,496      21,840

CKX, Inc.* (Media)

    2,184      13,978

Clarcor, Inc. (Miscellaneous Manufacturing)

    1,404      41,320

Clean Harbors, Inc.* (Environmental Control)

    468      26,419

Clearwater Paper Corp.* (Forest Products & Paper)

    468      21,186

Coeur d’Alene Mines Corp.* (Mining)

    1,404      28,192

Coinstar, Inc.* (Commercial Services)

    1,092      34,660

Coldwater Creek, Inc.* (Retail)

    2,340      13,455

Collective Brands, Inc.* (Retail)

    1,716      31,832

Colonial Properties Trust (REIT)

    2,184      22,998

Community Bank System, Inc. (Banks)

    2,028      37,741

Commvault Systems, Inc.* (Software)

    1,248      24,586

Compellent Technologies, Inc.* (Computers)

    780      14,305

Complete Production Services, Inc.* (Oil & Gas Services)

    3,432      32,707

Computer Programs & Systems, Inc. (Software)

    468      19,768

comScore, Inc.* (Internet)

    780      11,957

Comtech Telecommunications Corp.* (Telecommunications)

    780      25,054

Conceptus, Inc.* (Healthcare - Products)

    1,092      19,154

Concur Technologies, Inc.* (Software)

    1,092      38,919

CONMED Corp.* (Healthcare - Products)

    1,404      29,751

Conseco, Inc.* (Insurance)

    6,240      32,510

Consolidated Communications Holdings, Inc. (Telecommunications)

    1,716      23,715

Contango Oil & Gas Co.* (Oil & Gas)

    468      22,300

Cooper Tire & Rubber Co. (Auto Parts & Equipment)

    2,028      30,947

Core-Mark Holding Co., Inc.* (Distribution/Wholesale)

    780      21,349

Corinthian Colleges, Inc.* (Commercial Services)

    2,028      32,164

CRA International, Inc.* (Commercial Services)

    624      15,444

Cracker Barrel Old Country Store, Inc. (Retail)

    780      25,857

Crocs, Inc.* (Apparel)

    2,184      13,279

CSG Systems International, Inc.* (Software)

    1,716      28,039

Cubic Corp. (Electronics)

    624      21,659

Cubist Pharmaceuticals, Inc.* (Pharmaceuticals)

    1,560      26,426

Curtiss-Wright Corp. (Aerospace/Defense)

    1,248      37,215

Cyberonics, Inc.* (Healthcare - Products)

    1,092      15,790

CyberSource Corp.* (Internet)

    1,872      30,663

Cymer, Inc.* (Electronics)

    936      32,049

Cypress Bioscience, Inc.* (Pharmaceuticals)

    1,716      10,536

Darling International, Inc.* (Environmental Control)

    2,964      20,600

DCT Industrial Trust, Inc. (REIT)

    5,616      25,440

DealerTrack Holdings, Inc.* (Internet)

    1,404      23,138

Deckers Outdoor Corp.* (Apparel)

    312      27,977

Delphi Financial Group, Inc. - Class A (Insurance)

    1,404      30,467

Delta Petroleum Corp.* (Oil & Gas)

    5,772      7,504

Deluxe Corp. (Commercial Services)

    1,872      26,639

Denny’s Corp.* (Retail)

    6,240      13,728

Developers Diversified Realty Corp. (REIT)

    4,524      38,861

Dexcom, Inc.* (Healthcare - Products)

    1,560      10,702

DHT Maritime, Inc. (Transportation)

    4,368      14,939

Diamond Foods, Inc. (Food)

    624      18,814

DiamondRock Hospitality Co.* (REIT)

    3,588      27,305

Digital River, Inc.* (Internet)

    1,092      24,930

Dillards, Inc. - Class A (Retail)

    1,716      23,372

DineEquity, Inc.* (Retail)

    312      6,602

Diodes, Inc.* (Semiconductors)

    936      15,332

Dionex Corp.* (Electronics)

    624      42,357

Dolan Media* (Media)

    936      11,176

Dollar Financial Corp.* (Commercial Services)

    936      17,569

Dollar Thrifty Automotive Group, Inc.* (Commercial Services)

    624      11,550

Domtar Corp.* (Forest Products & Paper)

    1,404      58,814

Dress Barn, Inc.* (Retail)

    1,716      30,974

Drew Industries, Inc.* (Building Materials)

    1,248      23,887

Drill-Quip, Inc.* (Oil & Gas Services)

    936      45,480

Durect Corp.* (Pharmaceuticals)

    4,524      9,546

Dycom Industries, Inc.* (Engineering & Construction)

    1,248      12,330

E* TRADE Financial Corp.* (Diversified Financial Services)

    13,572      19,815

EarthLink, Inc. (Internet)

    3,900      31,590

East West Bancorp, Inc. (Banks)

    2,496      22,539

EastGroup Properties, Inc. (REIT)

    936      34,454

Eastman Kodak Co.* (Miscellaneous Manufacturing)

    8,580      32,175

Eclipsys Corp.* (Software)

    1,560      29,250

eHealth, Inc.* (Insurance)

    936      13,319

Electro Scientific Industries, Inc.* (Electronics)

    1,716      18,773

Electronics for Imaging, Inc.* (Computers)

    2,340      27,284

EMCOR Group, Inc.* (Engineering & Construction)

    1,872      44,217

Emeritus Corp.* (Healthcare - Services)

    936      17,466

Employers Holdings, Inc. (Insurance)

    1,716      25,431

Emulex Corp.* (Semiconductors)

    2,340      23,634

Encore Wire Corp. (Electrical Components & Equipment)

    936      19,422

EnergySolutions, Inc. (Environmental Control)

    2,184      18,215

EnerSys* (Electrical Components & Equipment)

    1,248      27,581

Ennis, Inc. (Household Products/Wares)

    1,716      25,997

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraSmall-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

EnPro Industries, Inc.* (Miscellaneous Manufacturing)

    1,092    $ 24,657

Entegris, Inc.* (Semiconductors)

    4,992      18,770

Entertainment Properties Trust (REIT)

    1,404      47,764

EPIQ Systems, Inc.* (Software)

    1,248      15,737

Equity Lifestyle Properties, Inc. (REIT)

    1,092      50,723

ESCO Technologies, Inc.* (Miscellaneous Manufacturing)

    780      30,638

Esterline Technologies Corp.* (Aerospace/Defense)

    1,092      45,984

Euronet Worldwide, Inc.* (Commercial Services)

    1,716      40,583

ev3, Inc.* (Healthcare - Products)

    2,028      23,890

Evercore Partners, Inc. - Class A (Diversified Financial Services)

    624      20,367

Exelixis, Inc.* (Biotechnology)

    3,744      22,764

Exponent, Inc.* (Commercial Services)

    936      24,345

Extra Space Storage, Inc. (REIT)

    3,276      31,351

F.N.B. Corp. (Banks)

    3,276      23,194

Fair Isaac Corp. (Software)

    1,716      34,886

Federal Signal Corp. (Miscellaneous Manufacturing)

    2,496      15,325

FEI Co.* (Electronics)

    1,092      26,001

FelCor Lodging Trust, Inc.* (REIT)

    3,120      9,828

Financial Federal Corp. (Diversified Financial Services)

    1,248      25,484

First BanCorp (Banks)

    3,276      6,192

First Commonwealth Financial Corp. (Banks)

    4,056      21,294

First Financial Bancorp (Banks)

    2,340      29,671

First Financial Corp. (Banks)

    624      17,304

First Merchants Corp. (Banks)

    2,652      16,230

First Midwest Bancorp, Inc. (Banks)

    2,496      25,958

FirstMerit Corp. (Banks)

    2,340      44,343

Flagstone Reinsurance Holdings, Ltd. (Insurance)

    2,652      29,039

Flushing Financial Corp. (Savings & Loans)

    1,716      19,271

Force Protection, Inc.* (Auto Manufacturers)

    1,872      8,237

Forestar Group, Inc.* (Real Estate)

    1,248      18,420

FormFactor, Inc.* (Semiconductors)

    1,716      29,155

Fossil, Inc.* (Household Products/Wares)

    1,404      37,529

FPIC Insurance Group, Inc.* (Insurance)

    780      26,387

Franklin Electric Co., Inc. (Hand/Machine Tools)

    1,092      29,790

Franklin Street Properties Corp. (REIT)

    1,872      20,180

Fred’s, Inc. (Retail)

    1,560      18,470

Fresh Del Monte Produce, Inc.* (Food)

    1,248      27,094

Fuller (H.B.) Co. (Chemicals)

    1,872      35,774

FX Energy, Inc.* (Oil & Gas)

    2,964      7,884

Gartner Group, Inc.* (Commercial Services)

    1,872      34,857

General Communication, Inc. - Class A* (Telecommunications)

    2,184      13,432

General Maritime Corp. (Oil & Gas Services)

    2,184      15,048

Genesco, Inc.* (Retail)

    780      20,335

Genesee & Wyoming, Inc. - Class A* (Transportation)

    1,092      31,679

Genoptix, Inc.* (Healthcare - Services)

    624      21,709

GeoEye, Inc.* (Telecommunications)

    624      15,831

GFI Group, Inc. (Diversified Financial Services)

    2,028      10,444

Glacier Bancorp, Inc. (Banks)

    2,028      26,547

Glatfelter (Forest Products & Paper)

    2,496      26,383

Global Cash Access Holdings, Inc.* (Commercial Services)

    1,404      8,887

Global Industries, Ltd.* (Oil & Gas Services)

    3,744      27,294

Globecomm Systems, Inc.* (Telecommunications)

    2,184      14,764

GMX Resources, Inc.* (Oil & Gas)

    1,404      17,873

Golar LNG, Ltd. (Transportation)

    1,716      20,695

Goodrich Petroleum Corp.* (Oil & Gas)

    936      24,027

GrafTech International, Ltd.* (Electrical Components & Equipment)

    3,588      48,438

Gran Tierra Energy, Inc.* (Oil & Gas)

    6,396      30,445

Granite Construction, Inc. (Engineering & Construction)

    936      26,732

Graphic Packaging Holding Co.* (Packaging & Containers)

    4,524      10,360

Greatbatch, Inc.* (Electrical Components & Equipment)

    936      18,411

Greenlight Capital Re, Ltd. - Class A* (Insurance)

    78      1,455

Group 1 Automotive, Inc. (Retail)

    780      19,828

GulfMark Offshore, Inc.* (Transportation)

    1,092      30,216

Haemonetics Corp.* (Healthcare - Products)

    624      32,136

Halozyme Therapeutics, Inc.* (Biotechnology)

    3,120      18,907

Hancock Holding Co. (Banks)

    780      28,291

Harleysville National Corp. (Banks)

    3,432      19,768

Harmonic, Inc.* (Telecommunications)

    3,900      20,475

Harris Stratex Networks, Inc. - Class A* (Telecommunications)

    2,340      14,742

Harte-Hanks, Inc. (Advertising)

    2,184      25,640

Hatteras Financial Corp. (REIT)

    936      26,302

Haynes International, Inc.* (Metal Fabricate/Hardware)

    624      17,672

Headwaters, Inc.* (Energy - Alternate Sources)

    2,964      12,212

Healthcare Realty Trust, Inc. (REIT)

    2,184      45,493

Healthcare Services Group, Inc. (Commercial Services)

    1,560      30,810

HEALTHSOUTH Corp.* (Healthcare - Services)

    2,028      29,629

HealthSpring, Inc.* (Healthcare - Services)

    1,560      22,355

Healthways, Inc.* (Healthcare - Services)

    1,092      17,559

Heartland Express, Inc. (Transportation)

    1,872      25,459

Heartland Payment Systems, Inc. (Commercial Services)

    1,404      17,255

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraSmall-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

HEICO Corp. (Aerospace/Defense)

    780    $ 29,663

Heidrick & Struggles International, Inc. (Commercial Services)

    1,092      29,877

Helen of Troy, Ltd.* (Household Products/Wares)

    1,248      28,504

Hercules Offshore, Inc.* (Oil & Gas Services)

    4,680      24,008

Herman Miller, Inc. (Office Furnishings)

    1,716      26,512

Hexcel Corp.* (Aerospace/Defense Equipment)

    3,120      34,320

Highwoods Properties, Inc. (REIT)

    1,872      51,517

HMS Holdings Corp.* (Commercial Services)

    780      33,485

Home Federal Bancorp, Inc. (Savings & Loans)

    1,716      19,820

Home Properties, Inc. (REIT)

    1,248      48,897

Horace Mann Educators Corp. (Insurance)

    1,716      21,330

Hornbeck Offshore Services, Inc.* (Oil & Gas Services)

    1,404      34,131

Horsehead Holding Corp.* (Mining)

    1,716      16,353

Hot Topic, Inc.* (Retail)

    1,872      14,414

HSN, Inc.* (Retail)

    1,404      20,976

Hub Group, Inc. - Class A* (Transportation)

    1,092      27,147

Human Genome Sciences, Inc.* (Biotechnology)

    3,900      72,891

Huron Consulting Group, Inc.* (Commercial Services)

    624      14,477

Iconix Brand Group, Inc.* (Apparel)

    2,028      23,646

ICU Medical, Inc.* (Healthcare - Products)

    624      21,840

II-VI, Inc.* (Electronics)

    936      24,776

Immucor, Inc.* (Healthcare - Products)

    1,872      33,471

ImmunoGen, Inc.* (Biotechnology)

    2,340      15,655

Impax Laboratories, Inc.* (Pharmaceuticals)

    1,716      15,238

Independent Bank Corp./MA (Banks)

    1,404      29,863

Infinera Corp.* (Telecommunications)

    2,028      15,068

Infinity Property & Casualty Corp. (Insurance)

    936      36,195

Informatica Corp.* (Software)

    2,340      49,678

Information Services Group, Inc.* (Commercial Services)

    5,148      18,533

Inland Real Estate Corp. (REIT)

    4,524      38,816

Innospec, Inc. (Chemicals)

    1,092      12,907

Insight Enterprises, Inc.* (Retail)

    1,404      14,770

Insituform Technologies, Inc. - Class A* (Engineering & Construction)

    936      19,843

Insteel Industries, Inc. (Miscellaneous Manufacturing)

    1,560      17,347

InterDigital, Inc.* (Telecommunications)

    1,248      25,659

Interface, Inc. - Class A (Office Furnishings)

    1,872      14,527

Intermec, Inc.* (Machinery - Diversified)

    2,340      28,829

Interval Leisure Group, Inc.* (Leisure Time)

    1,248      13,928

Intevac, Inc.* (Machinery - Diversified)

    1,716      17,503

Invacare Corp. (Healthcare - Products)

    1,560      34,991

inVentiv Health, Inc.* (Advertising)

    1,248      21,191

ION Geophysical Corp.* (Oil & Gas Services)

    4,212      16,132

IPC The Hospitalist Co.* (Healthcare - Services)

    468      14,180

Isis Pharmaceuticals, Inc.* (Pharmaceuticals)

    2,496      31,624

J. Crew Group, Inc.* (Retail)

    1,092      44,532

j2 Global Communications, Inc.* (Internet)

    1,560      31,902

Jack Henry & Associates, Inc. (Computers)

    2,496      57,583

Jack in the Box, Inc.* (Retail)

    1,872      35,119

Jackson Hewitt Tax Service, Inc. (Commercial Services)

    1,716      8,426

JAKKS Pacific, Inc.* (Toys/Games/Hobbies)

    1,716      24,419

James River Coal Co.* (Coal)

    1,092      20,737

JetBlue Airways Corp.* (Airlines)

    6,708      33,272

Jo-Ann Stores, Inc.* (Retail)

    936      24,916

John Bean Technologies Corp. (Miscellaneous Manufacturing)

    1,092      17,931

Jones Apparel Group, Inc. (Apparel)

    2,652      47,444

Jos. A. Bank Clothiers, Inc.* (Retail)

    624      25,572

K-Swiss, Inc. - Class A (Apparel)

    2,340      19,094

Kaiser Aluminum Corp. (Mining)

    624      24,929

Kaman Corp. (Aerospace/Defense)

    1,092      22,561

Kaydon Corp. (Metal Fabricate/Hardware)

    936      32,751

KBW, Inc.* (Diversified Financial Services)

    780      21,840

Kelly Services, Inc. - Class A (Commercial Services)

    2,028      22,470

Kenexa Corp.* (Commercial Services)

    1,092      13,759

Key Energy Services, Inc.* (Oil & Gas Services)

    4,992      36,492

Keynote Systems, Inc.* (Internet)

    1,716      17,538

Kforce, Inc.* (Commercial Services)

    2,340      27,448

Kindred Healthcare, Inc.* (Healthcare - Services)

    1,248      18,346

Knight Capital Group, Inc. - Class A* (Diversified Financial Services)

    2,496      42,058

Knight Transportation, Inc. (Transportation)

    1,872      30,027

Knightsbridge Tankers, Ltd. (Transportation)

    1,248      15,775

Kopin Corp.* (Semiconductors)

    3,276      14,545

Koppers Holdings, Inc. (Miscellaneous Manufacturing)

    780      20,374

L-1 Identity Solutions, Inc.* (Electronics)

    2,652      15,673

L.B. Foster Co. - Class A* (Metal Fabricate/Hardware)

    624      17,522

Laclede Group, Inc. (Gas)

    936      28,745

Ladish Co., Inc.* (Metal Fabricate/Hardware)

    1,092      14,152

Lakeland Financial Corp. (Banks)

    936      19,254

Lancaster Colony Corp. (Miscellaneous Manufacturing)

    624      30,314

Lance, Inc. (Food)

    1,248      30,102

Landauer, Inc. (Commercial Services)

    468      24,238

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraSmall-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

LaSalle Hotel Properties (REIT)

    1,872    $ 32,124

Lawson Software, Inc.* (Software)

    4,992      31,500

Lexington Realty Trust (REIT)

    4,317      18,088

LHC Group, Inc.* (Healthcare - Services)

    624      17,416

Ligand Pharmaceuticals, Inc. - Class B* (Pharmaceuticals)

    4,212      7,160

Littelfuse, Inc.* (Electrical Components & Equipment)

    1,092      30,096

Live Nation, Inc.* (Commercial Services)

    3,276      21,818

Liz Claiborne, Inc. (Apparel)

    4,836      27,759

Loral Space & Communications, Inc.* (Telecommunications)

    312      8,243

Louisiana-Pacific Corp.* (Forest Products & Paper)

    4,212      22,113

Lufkin Industries, Inc. (Oil & Gas Services)

    624      35,599

Luminex Corp.* (Healthcare - Products)

    1,248      18,371

M&F Worldwide Corp.* (Food)

    624      13,279

Magellan Health Services, Inc.* (Healthcare - Services)

    1,092      35,086

MainSource Financial Group, Inc. (Banks)

    1,872      10,914

ManTech International Corp. - Class A* (Software)

    624      27,369

Marcus Corp. (Lodging)

    1,560      18,252

MarketAxess Holdings, Inc.* (Diversified Financial Services)

    1,248      14,826

Martek Biosciences Corp.* (Biotechnology)

    1,404      25,216

Masimo Corp.* (Healthcare - Products)

    1,560      41,449

MasTec, Inc.* (Telecommunications)

    1,560      18,408

Matrix Service Co.* (Oil & Gas Services)

    1,248      11,070

Matthews International Corp. - Class A (Miscellaneous Manufacturing)

    1,092      40,109

Max Capital Group, Ltd. (Insurance)

    1,404      28,993

MB Financial, Inc. (Banks)

    2,184      39,050

McGrath Rentcorp (Commercial Services)

    936      18,486

McMoRan Exploration Co.* (Oil & Gas)

    2,964      22,793

Meadowbrook Insurance Group, Inc. (Insurance)

    2,964      19,948

MedAssets, Inc.* (Software)

    1,248      27,381

Mediacom Communications Corp. - Class A* (Media)

    2,496      11,931

Medical Properties Trust, Inc. (REIT)

    3,120      24,960

Medicis Pharmaceutical Corp. - Class A (Pharmaceuticals)

    1,716      36,328

Mentor Graphics Corp.* (Computers)

    3,276      23,915

MercadoLibre, Inc.* (Commercial Services)

    624      22,333

Meridian Bioscience, Inc. (Healthcare - Products)

    1,092      24,231

Merit Medical Systems, Inc.* (Healthcare - Products)

    1,404      23,840

Meritage Homes Corp.* (Home Builders)

    780      14,227

MF Global, Ltd.* (Diversified Financial Services)

    1,404      9,996

MFA Financial, Inc. (REIT)

    5,772      42,828

MGE Energy, Inc. (Electric)

    1,248      43,705

MGIC Investment Corp.* (Insurance)

    2,652      11,430

Microsemi Corp.* (Semiconductors)

    2,340      31,145

Mid-America Apartment Communities, Inc. (REIT)

    936      41,015

Middlesex Water Co. (Water)

    2,028      31,211

MKS Instruments, Inc.* (Semiconductors)

    2,184      34,158

Mobile Mini, Inc.* (Storage/Warehousing)

    1,716      24,882

ModusLink Global Solutions, Inc.* (Internet)

    1,872      15,388

Momenta Pharmaceuticals, Inc.* (Biotechnology)

    1,248      11,382

Monolithic Power Systems, Inc.* (Semiconductors)

    1,092      21,829

Montpelier Re Holdings, Ltd. (Insurance)

    3,588      57,982

Moog, Inc. - Class A* (Aerospace/Defense)

    1,248      31,163

Move, Inc.* (Internet)

    5,616      11,513

MPS Group, Inc.* (Commercial Services)

    4,368      59,055

Mueller Industries, Inc. (Metal Fabricate/Hardware)

    1,248      29,528

Mueller Water Products, Inc. - Class A (Metal Fabricate/Hardware)

    3,900      17,472

Myriad Pharmaceuticals, Inc.* (Pharmaceuticals)

    332      1,833

NATCO Group, Inc. - Class A* (Oil & Gas Services)

    780      33,992

National CineMedia, Inc. (Entertainment)

    1,248      19,968

National Financial Partners* (Diversified Financial Services)

    1,248      10,171

National Penn Bancshares, Inc. (Banks)

    4,368      24,548

National Presto Industries, Inc. (Housewares)

    312      27,122

National Retail Properties, Inc. (REIT)

    2,340      45,349

Natus Medical, Inc.* (Healthcare - Products)

    1,560      21,668

Navigant Consulting Co.* (Commercial Services)

    1,872      26,657

NBT Bancorp, Inc. (Banks)

    1,404      30,607

Nektar Therapeutics* (Biotechnology)

    2,808      22,801

Neogen Corp.* (Pharmaceuticals)

    780      24,726

Net 1 UEPS Technologies, Inc.* (Commercial Services)

    1,560      27,284

Netezza Corp.* (Computers)

    1,872      17,297

NETGEAR, Inc.* (Telecommunications)

    1,248      22,751

Netlogic Microsystems, Inc.* (Semiconductors)

    624      23,718

Neutral Tandem, Inc.* (Telecommunications)

    780      16,450

NewAlliance Bancshares, Inc. (Savings & Loans)

    3,432      38,027

NewMarket Corp. (Chemicals)

    312      29,172

Newpark Resources, Inc.* (Oil & Gas Services)

    4,836      14,556

Newport Corp.* (Electronics)

    3,120      23,213

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraSmall-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

NIC, Inc. (Internet)

    2,496    $ 21,865

Nicor, Inc. (Gas)

    1,404      52,060

Nordson Corp. (Machinery - Diversified)

    936      49,393

Northwest Natural Gas Co. (Gas)

    936      39,134

Novatel Wireless, Inc.* (Telecommunications)

    1,404      12,524

NPS Pharmaceuticals, Inc.* (Biotechnology)

    3,120      9,890

NTELOS Holdings Corp. (Telecommunications)

    1,092      16,489

Nu Skin Enterprises, Inc. (Retail)

    1,872      42,607

NuVasive, Inc.* (Healthcare - Products)

    936      33,967

Ocwen Financial Corp.* (Diversified Financial Services)

    1,092      11,936

OfficeMax, Inc.* (Retail)

    2,808      32,095

Old Dominion Freight Line, Inc.* (Transportation)

    780      20,272

Old National Bancorp (Banks)

    3,120      32,354

Olin Corp. (Chemicals)

    2,652      40,496

OM Group, Inc.* (Chemicals)

    936      25,291

OMEGA Healthcare Investors, Inc. (REIT)

    3,276      49,664

Omnicell, Inc.* (Software)

    1,404      13,815

OmniVision Technologies, Inc.* (Semiconductors)

    1,872      22,951

Onyx Pharmaceuticals, Inc.* (Pharmaceuticals)

    1,560      41,496

Optimer Pharmaceuticals, Inc.* (Pharmaceuticals)

    780      9,017

optionsXpress Holdings, Inc. (Diversified Financial Services)

    1,248      19,506

Orbital Sciences Corp.* (Aerospace/Defense)

    2,184      28,130

Orient-Express Hotels, Ltd. - Class A* (Lodging)

    1,872      16,099

Oriental Financial Group, Inc. (Banks)

    1,092      11,630

Orion Marine Group, Inc.* (Engineering & Construction)

    624      11,881

Orthofix International N.V.* (Healthcare - Products)

    780      24,960

Orthovita, Inc.* (Healthcare - Products)

    2,652      9,282

Otter Tail Corp. (Electric)

    1,248      29,028

Owens & Minor, Inc. (Distribution/Wholesale)

    1,092      44,652

Pacific Sunwear of California, Inc.* (Retail)

    2,496      15,076

PacWest Bancorp (Banks)

    1,092      18,542

PAETEC Holding Corp.* (Telecommunications)

    4,524      14,658

Palm, Inc.* (Computers)

    1,872      21,734

Palomar Medical Technologies, Inc.* (Healthcare - Products)

    780      7,925

Papa John’s International, Inc.* (Retail)

    936      21,060

Par Pharmaceutical Cos., Inc.* (Pharmaceuticals)

    1,248      26,171

Parametric Technology Corp.* (Software)

    3,276      48,845

PAREXEL International Corp.* (Commercial Services)

    1,560      19,531

Park Electrochemical Corp. (Electronics)

    1,248      28,055

Parker Drilling Co.* (Oil & Gas)

    4,992      25,958

PDL BioPharma, Inc. (Biotechnology)

    3,588      30,175

Pegasystems, Inc. (Software)

    624      17,890

Penn Virginia Corp. (Oil & Gas)

    1,716      34,749

Perot Systems Corp. - Class A* (Computers)

    2,496      74,730

PetMed Express, Inc. (Pharmaceuticals)

    1,248      19,581

Petroleum Development* (Oil & Gas)

    1,092      18,236

PetroQuest Energy, Inc.* (Oil & Gas)

    2,184      13,388

Pharmasset, Inc.* (Pharmaceuticals)

    1,248      23,437

PharMerica Corp.* (Pharmaceuticals)

    1,248      19,257

Phase Forward, Inc.* (Software)

    1,560      20,452

PHH Corp.* (Commercial Services)

    1,404      22,689

PHI, Inc.* (Transportation)

    624      10,720

PICO Holdings, Inc.* (Water)

    780      26,473

Piedmont Natural Gas Co., Inc. (Gas)

    2,028      47,212

Pinnacle Entertainment, Inc.* (Entertainment)

    1,872      15,818

Piper Jaffray Cos., Inc.* (Diversified Financial Services)

    624      28,947

Plantronics, Inc. (Telecommunications)

    1,560      37,612

Platinum Underwriters Holdings, Ltd. (Insurance)

    1,404      50,221

Plexus Corp.* (Electronics)

    1,404      35,521

PNM Resources, Inc. (Electric)

    2,652      28,429

Polaris Industries, Inc. (Leisure Time)

    780      32,815

Polycom, Inc.* (Telecommunications)

    2,184      46,890

PolyOne Corp.* (Chemicals)

    5,304      29,596

Polypore International, Inc.* (Miscellaneous Manufacturing)

    1,092      11,968

Portland General Electric Co. (Electric)

    2,184      40,601

Post Properties, Inc. (REIT)

    1,560      25,724

Potlatch Corp. (Forest Products & Paper)

    1,404      39,186

Powell Industries, Inc.* (Electrical Components & Equipment)

    468      17,213

Power Integrations, Inc. (Semiconductors)

    936      29,203

Powerwave Technologies, Inc.* (Telecommunications)

    5,772      7,215

Premiere Global Services, Inc.* (Telecommunications)

    2,028      15,149

PrivateBancorp, Inc. (Banks)

    780      7,121

ProAssurance Corp.* (Insurance)

    1,092      54,906

Progress Software Corp.* (Software)

    1,716      39,640

Prospect Capital Corp. (Investment Companies)

    1,248      12,393

Prosperity Bancshares, Inc. (Banks)

    1,248      44,666

Provident New York Bancorp (Savings & Loans)

    3,588      30,606

PSS World Medical, Inc.* (Healthcare - Products)

    1,872      37,852

Psychiatric Solutions, Inc.* (Healthcare - Services)

    1,248      25,759

Quanex Building Products Corp. (Building Materials)

    1,716      25,517

Quantum Corp.* (Computers)

    8,424      15,584

Quest Software, Inc.* (Software)

    2,184      36,626

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraSmall-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Questcor Pharmaceuticals, Inc.* (Pharmaceuticals)

    2,340    $ 10,624

Quidel Corp.* (Healthcare - Products)

    1,248      17,846

Quiksilver, Inc.* (Apparel)

    4,680      9,313

Rackspace Hosting, Inc.* (Internet)

    1,716      28,743

Radian Group, Inc. (Insurance)

    2,808      16,258

Raven Industries, Inc. (Miscellaneous Manufacturing)

    780      19,266

RBC Bearings, Inc.* (Metal Fabricate/Hardware)

    1,092      23,489

RC2 Corp.* (Toys/Games/Hobbies)

    624      8,149

RCN Corp.* (Telecommunications)

    2,184      18,215

Redwood Trust, Inc. (REIT)

    2,028      28,270

Regal-Beloit Corp. (Hand/Machine Tools)

    1,716      80,446

Regeneron Pharmaceuticals, Inc.* (Biotechnology)

    1,560      24,492

Regis Corp. (Retail)

    1,560      25,334

RehabCare Group, Inc.* (Healthcare - Services)

    624      11,700

Renasant Corp. (Banks)

    1,404      20,555

Rent-A-Center, Inc.* (Commercial Services)

    1,872      34,370

Res-Care, Inc.* (Healthcare - Services)

    1,560      18,767

Resources Connection, Inc.* (Commercial Services)

    1,560      26,941

RF Micro Devices, Inc.* (Telecommunications)

    6,864      27,319

Rigel Pharmaceuticals, Inc.* (Healthcare - Products)

    1,092      7,000

Rimage Corp.* (Computers)

    936      17,222

Riverbed Technology, Inc.* (Computers)

    1,404      28,768

RLI Corp. (Insurance)

    936      46,800

Robbins & Myers, Inc. (Machinery - Diversified)

    936      21,715

Rock-Tenn Co. - Class A (Forest Products & Paper)

    1,092      47,830

Rockwood Holdings, Inc.* (Chemicals)

    1,716      34,114

Rofin-Sinar Technologies, Inc.* (Electronics)

    1,092      23,423

Rollins, Inc. (Commercial Services)

    1,404      25,384

Rosetta Resources, Inc.* (Oil & Gas)

    2,496      33,771

RTI Biologics, Inc.* (Healthcare - Products)

    2,496      9,784

RTI International Metals, Inc.* (Mining)

    1,092      22,615

Ruby Tuesday, Inc.* (Retail)

    1,716      11,429

Ruddick Corp. (Food)

    1,560      41,683

S.Y. Bancorp, Inc. (Banks)

    780      17,433

S1 Corp.* (Internet)

    2,808      16,848

Salix Pharmaceuticals, Ltd.* (Pharmaceuticals)

    1,872      34,426

Sally Beauty Holdings, Inc.* (Retail)

    3,432      23,166

Sanderson Farms, Inc. (Food)

    624      22,832

Sandy Spring Bancorp, Inc. (Banks)

    1,248      14,427

Sapient Corp.* (Internet)

    3,120      25,397

Savient Pharmaceuticals, Inc.* (Biotechnology)

    1,092      13,759

SAVVIS, Inc.* (Telecommunications)

    1,404      20,765

ScanSource, Inc.* (Distribution/Wholesale)

    1,092      27,726

SCBT Financial Corp. (Banks)

    936      24,214

School Specialty, Inc.* (Retail)

    1,248      27,768

Schweitzer-Mauduit International, Inc. (Forest Products & Paper)

    624      32,230

Seattle Genetics, Inc.* (Biotechnology)

    3,120      28,330

Selective Insurance Group, Inc. (Insurance)

    2,184      33,459

Semtech Corp.* (Semiconductors)

    2,184      33,786

Sensient Technologies Corp. (Chemicals)

    1,716      43,398

Shenandoah Telecommunications Co. (Telecommunications)

    936      15,622

ShoreTel, Inc.* (Telecommunications)

    1,560      10,249

Shuffle Master, Inc.* (Entertainment)

    2,028      15,839

Signature Bank* (Banks)

    1,092      34,464

Silicon Graphics International Corp.* (Computers)

    3,588      21,384

Simmons First National Corp. - Class A (Banks)

    780      22,823

Simpson Manufacturing Co., Inc. (Building Materials)

    1,404      32,840

Sinclair Broadcast Group, Inc. - Class A (Media)

    6,240      24,586

Skechers U.S.A., Inc. - Class A* (Apparel)

    1,560      34,039

SkyWest, Inc. (Airlines)

    2,340      32,690

Skyworks Solutions, Inc.* (Semiconductors)

    4,212      43,931

Smart Balance, Inc.* (Food)

    2,496      13,179

Smith Corp. (Miscellaneous Manufacturing)

    936      37,094

Smith Micro Software, Inc.* (Software)

    1,560      14,165

Solera Holdings, Inc. (Software)

    1,716      55,289

Solutia, Inc.* (Chemicals)

    2,808      30,888

Sonic Automotive, Inc. (Retail)

    780      6,973

Sonic Corp.* (Retail)

    2,808      26,255

SONICWALL, Inc.* (Internet)

    3,900      30,966

SonoSite, Inc.* (Healthcare - Products)

    1,092      27,071

Sonus Networks, Inc.* (Telecommunications)

    7,644      14,676

Sotheby’s (Commercial Services)

    936      14,845

Southside Bancshares, Inc. (Banks)

    1,092      22,703

Southwest Gas Corp. (Gas)

    1,872      46,781

Spartan Motors, Inc. (Auto Parts & Equipment)

    936      4,671

Spartech Corp. (Chemicals)

    936      8,958

Spherion Corp.* (Commercial Services)

    2,028      10,039

SRA International, Inc. - Class A* (Computers)

    1,248      23,412

Stage Stores, Inc. (Retail)

    1,560      18,408

Standard Microsystems Corp.* (Semiconductors)

    1,248      24,036

Standard Pacific Corp.* (Home Builders)

    4,368      13,104

Starent Networks Corp.* (Software)

    780      26,317

Stein Mart, Inc.* (Retail)

    936      8,892

StellarOne Corp. (Banks)

    1,092      11,586

Stepan Co. (Chemicals)

    468      26,788

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraSmall-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

STERIS Corp. (Healthcare - Products)

    1,716    $ 50,210

Sterling Bancorp (Banks)

    2,808      18,898

Sterling Bancshares, Inc. (Banks)

    3,432      19,116

Steven Madden, Ltd.* (Apparel)

    780      31,590

Stewart Enterprises, Inc. - Class A (Commercial Services)

    3,120      14,290

Stifel Financial Corp.* (Diversified Financial Services)

    780      40,529

Stone Energy Corp.* (Oil & Gas)

    1,716      26,306

Sun Communities, Inc. (REIT)

    1,560      27,206

Sun Healthcare Group, Inc.* (Healthcare - Services)

    2,340      21,247

Sunstone Hotel Investors, Inc. (REIT)

    2,965      22,386

Superior Industries International, Inc. (Auto Parts & Equipment)

    1,404      18,645

Susquehanna Bancshares, Inc. (Banks)

    4,836      26,646

SVB Financial Group* (Banks)

    780      32,175

Swift Energy Co.* (Oil & Gas)

    1,872      39,649

Sycamore Networks, Inc.* (Telecommunications)

    7,020      20,007

Sykes Enterprises, Inc.* (Computers)

    1,404      33,331

Symmetry Medical, Inc.* (Healthcare - Products)

    1,872      14,976

Symyx Technologies, Inc.* (Chemicals)

    1,560      9,157

Syniverse Holdings, Inc.* (Telecommunications)

    1,716      29,395

SYNNEX Corp.* (Software)

    780      20,069

Take-Two Interactive Software, Inc.* (Software)

    2,028      22,247

Taleo Corp. - Class A* (Software)

    1,092      23,740

Tanger Factory Outlet Centers, Inc. (REIT)

    1,092      41,572

Technitrol, Inc. (Electronics)

    1,560      12,152

Tekelec* (Telecommunications)

    2,184      32,804

Teledyne Technologies, Inc.* (Aerospace/Defense)

    1,092      37,303

TeleTech Holdings, Inc.* (Commercial Services)

    1,092      19,536

Tempur-Pedic International, Inc.* (Home Furnishings)

    1,872      36,261

Tennant Co. (Machinery - Diversified)

    1,092      29,113

Tenneco Automotive, Inc.* (Auto Parts & Equipment)

    1,560      21,247

Terremark Worldwide, Inc.* (Internet)

    2,808      17,943

Tessera Technologies, Inc.* (Semiconductors)

    1,248      27,593

Tetra Tech, Inc.* (Environmental Control)

    1,560      40,139

TETRA Technologies, Inc.* (Oil & Gas Services)

    3,120      29,515

Texas Capital Bancshares, Inc.* (Banks)

    1,716      25,002

Texas Roadhouse, Inc. - Class A* (Retail)

    1,872      17,728

The Andersons, Inc. (Agriculture)

    624      19,363

The Buckle, Inc. (Retail)

    780      23,408

The Cato Corp. - Class A (Retail)

    1,248      24,598

The Children’s Place Retail Stores, Inc.* (Retail)

    780      24,531

The Corporate Executive Board Co. (Commercial Services)

    1,248      29,964

The Finish Line, Inc. - Class A (Retail)

    1      10

The Geo Group, Inc.* (Commercial Services)

    1,560      32,994

The Gymboree Corp.* (Apparel)

    780      33,205

The Hain Celestial Group, Inc.* (Food)

    1,560      27,362

The Men’s Wearhouse, Inc. (Retail)

    1,716      39,760

The Pantry, Inc.* (Retail)

    780      11,006

The Pep Boys - Manny, Moe & Jack (Retail)

    1,716      15,049

The Phoenix Cos., Inc. (Insurance)

    3,900      12,402

The Ryland Group, Inc. (Home Builders)

    1,248      23,150

The Timberland Co. - Class A* (Apparel)

    1,872      30,289

The Ultimate Software Group, Inc.* (Software)

    936      23,877

The Warnaco Group, Inc.* (Apparel)

    1,248      50,581

The Wet Seal, Inc. - Class A* (Retail)

    4,524      14,432

Theravance, Inc.* (Pharmaceuticals)

    1,560      21,793

Thoratec Corp.* (Healthcare - Products)

    1,560      40,966

THQ, Inc.* (Software)

    2,340      12,238

Tibco Software, Inc.* (Internet)

    5,460      47,775

Ticketmaster Entertainment, Inc.* (Commercial Services)

    1,716      16,559

Titan International, Inc. (Auto Parts & Equipment)

    1,716      14,414

TiVo, Inc.* (Home Furnishings)

    2,808      30,551

TNS, Inc.* (Commercial Services)

    780      22,043

Tower Group, Inc. (Insurance)

    1,248      30,676

Tractor Supply Co.* (Retail)

    936      41,839

TradeStation Group, Inc.* (Diversified Financial Services)

    2,808      21,678

Tredegar Corp. (Miscellaneous Manufacturing)

    1,560      21,263

TreeHouse Foods, Inc.* (Food)

    936      35,006

TriQuint Semiconductor, Inc.* (Semiconductors)

    4,524      24,384

Triumph Group, Inc. (Aerospace/Defense)

    624      29,209

True Religion Apparel, Inc.* (Apparel)

    936      24,121

TrueBlue, Inc.* (Commercial Services)

    2,652      32,089

TrustCo Bank Corp. NY (Banks)

    4,368      25,990

Trustmark Corp. (Banks)

    1,716      32,518

TTM Technologies, Inc.* (Electronics)

    2,340      23,798

Tupperware Corp. (Household Products/Wares)

    1,560      70,231

Tutor Perini Corp.* (Engineering & Construction)

    780      13,767

Tyler Technologies, Inc.* (Computers)

    1,716      32,638

UAL Corp.* (Airlines)

    4,680      30,467

UIL Holdings Corp. (Electric)

    1,404      36,055

UMB Financial Corp. (Banks)

    1,092      43,429

Umpqua Holdings Corp. (Banks)

    2,184      21,643

Union Bankshares Corp. (Banks)

    780      9,610

Unisource Energy Corp. (Electric)

    1,248      36,042

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraSmall-Cap ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks, continued

      

Unisys Corp.* (Computers)

      1,045    $ 30,457

United Fire & Casualty Co. (Insurance)

      1,248      21,815

United Natural Foods, Inc.* (Food)

      1,248      30,089

United Online, Inc. (Internet)

      3,276      26,208

United Rentals, Inc.* (Commercial Services)

      2,808      26,648

United Stationers, Inc.* (Distribution/Wholesale)

      780      36,769

Universal Forest Products, Inc. (Building Materials)

      780      27,830

Universal Health Realty Income Trust (REIT)

      1,092      34,671

US Airways Group, Inc.* (Airlines)

      5,772      17,662

USEC, Inc.* (Mining)

      3,588      13,850

VAALCO Energy, Inc. (Oil & Gas)

      3,588      15,285

Valassis Communications, Inc.* (Commercial Services)

      1,560      28,439

ValueClick, Inc.* (Internet)

      2,808      27,631

Vanda Pharmaceuticals, Inc.* (Pharmaceuticals)

      624      6,365

Varian, Inc.* (Electronics)

      936      47,923

Veeco Instruments, Inc.* (Semiconductors)

      1,404      34,187

VeriFone Holdings, Inc.* (Software)

      2,340      31,122

ViaSat, Inc.* (Telecommunications)

      936      27,284

ViroPharma, Inc.* (Pharmaceuticals)

      2,652      19,996

VIVUS, Inc.* (Healthcare - Products)

      2,652      20,951

Vocus, Inc.* (Internet)

      780      14,118

Volcano Corp.* (Healthcare - Products)

      1,560      22,386

W&T Offshore, Inc. (Oil & Gas)

      2,184      25,444

W.R. Grace & Co.* (Chemicals)

      2,028      44,393

Walter Investment Management Corp. (REIT)

      468      6,093

Washington REIT (REIT)

      1,716      45,817

Washington Trust Bancorp, Inc. (Banks)

      1,092      16,402

Watsco, Inc. (Distribution/Wholesale)

      468      23,971

Watson Wyatt Worldwide, Inc. - Class A (Commercial Services)

      1,092      47,589

Watts Water Technologies, Inc. - Class A (Electronics)

      1,248      35,256

Wausau-Mosinee Paper Corp. (Forest Products & Paper)

      2,652      23,258

WD-40 Co. (Household Products/Wares)

      936      29,475

Websense, Inc.* (Internet)

      1,560      25,054

Webster Financial Corp. (Banks)

      2,340      26,465

WellCare Health Plans, Inc.* (Healthcare - Services)

      1,092      28,534

Werner Enterprises, Inc. (Transportation)

      1,560      29,250

WesBanco, Inc. (Banks)

      1,404      19,867

West Pharmaceutical Services, Inc. (Healthcare - Products)

      1,248      49,259

Westamerica Bancorp (Banks)

      780      37,284

Westfield Financial, Inc. (Banks)

      2,964      23,860

Weyco Group, Inc. (Apparel)

      624      13,915

WGL Holdings, Inc. (Gas)

      1,560      51,574

Willbros Group, Inc.* (Oil & Gas Services)

      1,716      22,548

Winn-Dixie Stores, Inc.* (Food)

      1,872      20,760

Wintrust Financial Corp. (Banks)

      1,092      30,805

Wolverine World Wide, Inc. (Apparel)

      1,872      47,886

Woodward Governor Co. (Electronics)

      1,716      40,343

World Acceptance Corp.* (Diversified Financial Services)

      624      15,656

World Fuel Services Corp. (Retail)

      936      47,596

World Wrestling Entertainment, Inc. (Entertainment)

      1,716      22,788

Worthington Industries, Inc. (Metal Fabricate/Hardware)

      2,028      22,409

Wright Express Corp.* (Commercial Services)

      1,248      34,832

Wright Medical Group, Inc.* (Healthcare - Products)

      1,560      25,350

XenoPort, Inc.* (Pharmaceuticals)

      1,092      18,247

Zenith National Insurance Corp. (Insurance)

      1,560      44,507

Zep, Inc. (Chemicals)

      936      16,006

Zoll Medical Corp.* (Healthcare - Products)

      1,092      21,207

Zoran Corp.* (Semiconductors)

      1,872      16,605
         

TOTAL COMMON STOCKS
(Cost $17,050,128)

         20,022,946
         
     Principal
Amount		     

Repurchase Agreements (32.3%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $4,262,007 (Collateralized by $4,123,900 U.S. Treasury Notes, 3.75%, 11/15/18, market value $4,347,814)

    $ 4,262,000      4,262,000

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $2,784,002 (Collateralized by $2,843,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $2,841,361)

     2,784,000      2,784,000

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $5,245,009 (Collateralized by $4,931,000 of various U.S. Government Agency Obligations, 4.38%–6.00%, 6/21/10-3/5/12, market value $5,353,701)

      5,245,000      5,245,000

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,649,003 (Collateralized by $1,665,000 of various U.S. Treasury Securities, 1.13%–4.00%, 6/30/11-3/6/13, market value $1,693,293)

      1,649,000      1,649,000
         

TOTAL REPURCHASE AGREEMENTS
(Cost $13,940,000)

         13,940,000
         

TOTAL INVESTMENT SECURITIES
(Cost $30,990,128)—78.7%

         33,962,946

Net other assets (liabilities) — 21.3%

         9,198,286
         

NET ASSETS — 100.0%

       $ 43,161,232
         

 

*

Non-income producing security

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraSmall-Cap ProFund    October 31, 2009
(unaudited)   

 

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $6,580,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Contracts    Unrealized
Appreciation
(Depreciation)		  

Futures Contracts Purchased

      

Russell 2000 Mini Futures Contract expiring 12/18/09 (Underlying notional amount at value $19,877,100)

      354    $ (398,410 ) 
     Notional
Amount at
Value		    Unrealized
Gain (Loss)		  

Swap Agreements

      

Equity Index Swap Agreement with Goldman Sachs International, based on the Russell 2000 Index

    $ 24,988,152    $ (1,067,821 ) 

Equity Index Swap Agreement with UBS AG, based on the Russell 2000 Index

    $ 20,309,433    $ (549,111 ) 

UltraSmall-Cap ProFund invested in the following industries as of October 31, 2009:

 

     Value    % of
Net Assets		  

Advertising

    $ 46,831    0.1 % 

Aerospace/Defense

      309,230    0.7 % 

Aerospace/Defense Equipment

      34,320    0.1 % 

Agriculture

      19,363    NM   

Airlines

      156,034    0.4 % 

Apparel

      470,954    1.1 % 

Auto Manufacturers

      8,237    NM   

Auto Parts & Equipment

      133,459    0.3 % 

Banks

      1,341,036    3.1 % 

Biotechnology

      399,228    0.9 % 

Building Materials

      158,824    0.4 % 

Chemicals

      447,319    1.0 % 

Coal

      20,737    NM   

Commercial Services

      1,381,120    3.3 % 

Computers

      494,492    1.1 % 

Cosmetics/Personal Care

      47,355    0.1 % 

Distribution/Wholesale

      176,869    0.4 % 

Diversified Financial Services

      327,582    0.8 % 

Electric

      213,860    0.5 % 

Electrical Components & Equipment

      200,543    0.5 % 

Electronics

      585,994    1.4 % 

Energy - Alternate Sources

      12,212    NM   

Engineering & Construction

      128,770    0.3 % 

Entertainment

      149,298    0.3 % 

Environmental Control

      160,063    0.4 % 

Food

      306,183    0.7 % 

Forest Products & Paper

      271,000    0.6 % 

Gas

      265,506    0.6 % 

Hand/Machine Tools

      154,595    0.4 % 

Healthcare - Products

      953,282    2.2 % 

Healthcare - Services

      373,137    0.9 % 

Home Builders

      50,481    0.1 % 

Home Furnishings

      66,812    0.2 % 

Household Products/Wares

      243,415    0.6 % 

Housewares

      27,122    0.1 % 

Insurance

      783,543    1.8 % 

Internet

      622,841    1.4 % 

Investment Companies

      100,976    0.2 % 

Leisure Time

      73,363    0.2 % 

Lodging

      45,833    0.1 % 

Machinery - Construction & Mining

      17,940    NM   

Machinery - Diversified

      235,817    0.5 % 

Media

      61,671    0.1 % 

Metal Fabricate/Hardware

      196,250    0.5 % 

Mining

      175,729    0.4 % 

Miscellaneous Manufacturing

      525,298    1.2 % 

Office Furnishings

      41,039    0.1 % 

Oil & Gas

      626,879    1.5 % 

Oil & Gas Services

      378,572    0.9 % 

Packaging & Containers

      10,360    NM   

Pharmaceuticals

      499,546    1.2 % 

REIT

      1,170,762    2.7 % 

Real Estate

      18,420    NM   

Retail

      1,203,751    2.8 % 

Savings & Loans

      138,862    0.3 % 

Semiconductors

      593,441    1.4 % 

Software

      912,057    2.1 % 

Storage/Warehousing

      24,882    0.1 % 

Telecommunications

      965,271    2.2 % 

Toys/Games/Hobbies

      32,568    0.1 % 

Transportation

      324,036    0.8 % 

Trucking & Leasing

      16,062    NM   

Water

      91,914    0.2 % 

Other**

      23,138,286    53.6 % 
             

Total

    $ 43,161,232    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 Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraSmall-Cap ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1     LEVEL 2     Total  

Description

       

Investment Securities:

       

Common Stocks

    $ 20,022,946      $ —        $ 20,022,946   

Repurchase Agreements

      —          13,940,000        13,940,000   
                        

Total Investment Securities

      20,022,946        13,940,000        33,962,946   
                        

Other Financial Instruments^

      (398,410 )      (1,616,932 )      (2,015,342 ) 
                        

Total Investments

    $ 19,624,536      $ 12,323,068      $ 31,947,604   
                        

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraDow 30 ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks (49.2%)

      

3M Co. (Miscellaneous Manufacturing)

      7,906    $ 581,644

Alcoa, Inc. (Mining)

      7,906      98,192

American Express Co. (Diversified Financial Services)

      7,906      275,445

AT&T, Inc. (Telecommunications)

      7,906      202,947

Bank of America Corp. (Banks)

      7,906      115,269

Boeing Co. (Aerospace/Defense)

      7,906      377,907

Caterpillar, Inc. (Machinery - Construction & Mining)

      7,906      435,304

Chevron Corp. (Oil & Gas)

      7,906      605,125

Cisco Systems, Inc.* (Telecommunications)

      7,906      180,652

Coca-Cola Co. (Beverages)

      7,906      421,469

E.I. du Pont de Nemours & Co. (Chemicals)

      7,906      251,569

Exxon Mobil Corp. (Oil & Gas)

      7,906      566,623

General Electric Co. (Miscellaneous Manufacturing)

      7,906      112,740

Hewlett-Packard Co. (Computers)

      7,906      375,219

Home Depot, Inc. (Retail)

      7,906      198,362

Intel Corp. (Semiconductors)

      7,906      151,084

International Business Machines Corp. (Computers)

      7,906      953,543

J.P. Morgan Chase & Co. (Diversified Financial Services)

      7,906      330,234

Johnson & Johnson (Healthcare - Products)

      7,906      466,849

Kraft Foods, Inc. (Food)

      7,906      217,573

McDonald’s Corp. (Retail)

      7,906      463,371

Merck & Co., Inc. (Pharmaceuticals)

      7,906      244,533

Microsoft Corp. (Software)

      7,906      219,233

Pfizer, Inc. (Pharmaceuticals)

      7,906      134,639

Procter & Gamble Co. (Cosmetics/Personal Care)

      7,906      458,548

The Travelers Cos., Inc. (Insurance)

      7,906      393,640

United Technologies Corp. (Aerospace/Defense)

      7,906      485,824

Verizon Communications, Inc. (Telecommunications)

      7,906      233,938

Wal-Mart Stores, Inc. (Retail)

      7,906      392,770

Walt Disney Co. (Media)

      7,906      216,387
         

TOTAL COMMON STOCKS
(Cost $7,128,684)

         10,160,633
         
     Principal
Amount		     

Repurchase Agreements (25.4%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,600,003 (Collateralized by $1,548,100 U.S. Treasury Notes, 3.75%, 11/15/18, market value $1,632,157)

    $ 1,600,000      1,600,000

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,045,001 (Collateralized by $1,068,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $1,067,384)

     1,045,000      1,045,000

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,970,003 (Collateralized by $1,919,000 of various Federal National Mortgage Association Securities, 4.38%–6.00%, 6/21/10-5/15/11, market value $2,019,143)

      1,970,000      1,970,000

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $622,001 (Collateralized by $630,000 of various U.S. Treasury Securities, 1.13%–4.00%, 6/30/11-3/6/13, market value $638,401)

      622,000      622,000
         

TOTAL REPURCHASE AGREEMENTS
(Cost $5,237,000)

         5,237,000
         

TOTAL INVESTMENT SECURITIES
(Cost $12,365,684)—74.6%

         15,397,633

Net other assets (liabilities) — 25.4%

         5,232,464
         

NET ASSETS — 100.0%

       $ 20,630,097
         

 

*

Non-income producing security

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $3,270,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Contracts    Unrealized
Appreciation
(Depreciation)		  

Futures Contracts Purchased

      

E-Mini Dow Jones Futures Contract expiring 12/18/09 (Underlying notional amount at value $241,350)

      5    $ (437 ) 
     Notional
Amount at
Value		    Unrealized
Gain (Loss)		  

Swap Agreements

      

Equity Index Swap Agreement with Goldman Sachs International, based on the Dow Jones Industrial Average

    $ 5,486,436    $ (95,908 ) 

Equity Index Swap Agreement with UBS AG, based on the Dow Jones Industrial Average

    $ 25,043,276    $ (421,914 ) 

UltraDow 30 ProFund invested in the following industries as of October 31, 2009:

 

     Value    % of
Net Assets		  

Aerospace/Defense

    $ 863,731    4.2 % 

Banks

      115,269    0.6 % 

Beverages

      421,469    2.0 % 

Chemicals

      251,569    1.2 % 

Computers

      1,328,762    6.4 % 

Cosmetics/Personal Care

      458,548    2.2 % 

Diversified Financial Services

      605,679    2.9 % 

Food

      217,573    1.1 % 

Healthcare - Products

      466,849    2.3 % 

Insurance

      393,640    1.9 % 

Machinery - Construction & Mining

      435,304    2.1 % 

Media

      216,387    1.0 % 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraDow 30 ProFund    October 31, 2009
(unaudited)   

 

Mining

      98,192    0.5 % 

Miscellaneous Manufacturing

      694,384    3.4 % 

Oil & Gas

      1,171,748    5.7 % 

Pharmaceuticals

      379,172    1.8 % 

Retail

      1,054,503    5.1 % 

Semiconductors

      151,084    0.7 % 

Software

      219,233    1.1 % 

Telecommunications

      617,537    3.0 % 

Other**

      10,469,464    50.8 % 
             

Total

    $ 20,630,097    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 Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraDow 30 ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1     LEVEL 2     Total  

Description

       

Investment Securities:

       

Common Stocks

    $ 10,160,633      $ —        $ 10,160,633   

Repurchase Agreements

      —          5,237,000        5,237,000   
                        

Total Investment Securities

      10,160,633        5,237,000        15,397,633   
                        

Other Financial Instruments^

      (437 )      (517,822 )      (518,259 ) 
                        

Total Investments

    $ 10,160,196      $ 4,719,178      $ 14,879,374   
                        

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraNASDAQ-100 ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks (66.6%)

      

Activision Blizzard, Inc.* (Software)

    66,505    $ 720,249

Adobe Systems, Inc.* (Software)

    30,315      998,576

Akamai Technologies, Inc.* (Internet)

    9,635      211,970

Altera Corp. (Semiconductors)

    24,205      479,017

Amazon.com, Inc.* (Internet)

    16,920      2,010,265

Amgen, Inc.* (Biotechnology)

    27,730      1,489,933

Apollo Group, Inc. - Class A* (Commercial Services)

    9,165      523,322

Apple Computer, Inc.* (Computers)

    73,320      13,820,820

Applied Materials, Inc. (Semiconductors)

    40,420      493,124

Autodesk, Inc.* (Software)

    14,100      351,513

Automatic Data Processing, Inc. (Software)

    20,915      832,417

Baidu, Inc.ADR* (Internet)

    1,645      621,678

Bed Bath & Beyond, Inc.* (Retail)

    20,680      728,143

Biogen Idec, Inc.* (Biotechnology)

    18,330      772,243

Broadcom Corp. - Class A* (Semiconductors)

    23,265      619,082

C.H. Robinson Worldwide, Inc. (Transportation)

    9,870      543,936

CA, Inc. (Software)

    29,610      619,441

Celgene Corp.* (Biotechnology)

    26,790      1,367,629

Cephalon, Inc.* (Pharmaceuticals)

    4,230      230,873

Cerner Corp.* (Software)

    4,700      357,388

Check Point Software Technologies, Ltd.* (Internet)

    11,985      372,374

Cintas Corp. (Textiles)

    10,810      299,329

Cisco Systems, Inc.* (Telecommunications)

    120,790      2,760,051

Citrix Systems, Inc.* (Software)

    12,690      466,484

Cognizant Technology Solutions Corp.* (Computers)

    16,685      644,875

Comcast Corp. - Class A (Media)

    84,600      1,226,700

Costco Wholesale Corp. (Retail)

    13,395      761,506

Dell, Inc.* (Computers)

    42,065      609,522

DENTSPLY International, Inc. (Healthcare - Products)

    8,460      278,842

DIRECTV Group, Inc.* (Media)

    41,830      1,100,129

DISH Network Corp. - Class A* (Media)

    12,690      220,806

eBay, Inc.* (Internet)

    56,400      1,256,028

Electronic Arts, Inc.* (Software)

    19,035      347,198

Expedia, Inc.* (Internet)

    16,685      378,249

Expeditors International of Washington, Inc. (Transportation)

    12,220      393,728

Express Scripts, Inc.* (Pharmaceuticals)

    14,335      1,145,653

Fastenal Co. (Distribution/Wholesale)

    8,225      283,763

First Solar, Inc.* (Energy - Alternate Sources)

    4,465      544,417

Fiserv, Inc.* (Software)

    11,280      517,414

Flextronics International, Ltd.* (Electronics)

    51,700      335,016

FLIR Systems, Inc.* (Electronics)

    9,400      261,414

Foster Wheeler AG* (Engineering & Construction)

    7,755      217,062

Garmin, Ltd. (Electronics)

    10,810      327,111

Genzyme Corp.* (Biotechnology)

    19,975      1,010,735

Gilead Sciences, Inc.* (Pharmaceuticals)

    52,170      2,219,833

Google, Inc. - Class A* (Internet)

    8,695      4,661,563

Hansen Natural Corp.* (Beverages)

    5,170      186,896

Henry Schein, Inc.* (Healthcare - Products)

    5,170      273,131

Hologic, Inc.* (Healthcare - Products)

    15,745      232,711

IAC/InterActiveCorp* (Internet)

    7,990      151,331

Illumina, Inc.* (Biotechnology)

    7,050      226,305

Infosys Technologies, Ltd.ADR (Software)

    6,345      291,870

Intel Corp. (Semiconductors)

    114,915      2,196,026

Intuit, Inc.* (Software)

    23,970      696,808

Intuitive Surgical, Inc.* (Healthcare - Products)

    2,115      521,030

J.B. Hunt Transport Services, Inc. (Transportation)

    7,520      226,051

Joy Global, Inc. (Machinery - Construction & Mining)

    5,875      296,159

KLA -Tencor Corp. (Semiconductors)

    12,220      397,272

Lam Research Corp.* (Semiconductors)

    7,755      261,499

Liberty Global, Inc. - Class A* (Media)

    8,225      168,859

Liberty Media Holding Corp. - Interactive Series A* (Internet)

    31,960      362,426

Life Technologies Corp.* (Biotechnology)

    10,575      498,823

Linear Technology Corp. (Semiconductors)

    17,390      450,053

Logitech International S.A.ADR* (Computers)

    10,340      175,780

Marvell Technology Group, Ltd.* (Semiconductors)

    34,780      477,182

Maxim Integrated Products, Inc. (Semiconductors)

    17,625      293,809

Microchip Technology, Inc. (Semiconductors)

    8,930      213,963

Microsoft Corp. (Software)

    180,010      4,991,677

Millicom International Cellular S.A.* (Telecommunications)

    6,110      382,853

NetApp, Inc.* (Computers)

    20,680      559,394

News Corp. - Class A (Media)

    83,425      961,056

NII Holdings, Inc. - Class B* (Telecommunications)

    9,400      253,142

NVIDIA Corp.* (Semiconductors)

    31,490      376,620

O’Reilly Automotive, Inc.* (Retail)

    7,990      297,867

Oracle Corp. (Software)

    122,670      2,588,337

PACCAR, Inc. (Auto Manufacturers)

    23,970      896,718

Patterson Cos., Inc.* (Healthcare - Products)

    6,815      173,987

Paychex, Inc. (Commercial Services)

    20,210      574,166

Pharmaceutical Product Development, Inc. (Commercial Services)

    6,815      146,863

Priceline.com, Inc.* (Internet)

    2,585      407,887

Qualcomm, Inc. (Telecommunications)

    117,735      4,875,406

Research In Motion, Ltd.* (Computers)

    33,370      1,959,820

Ross Stores, Inc. (Retail)

    7,520      330,955

Rovi Corp.* (Semiconductors)

    609      16,778

Ryanair Holdings PLCADR* (Airlines)

    6,815      185,845

Seagate Technology (Computers)

    28,905      403,225

Sears Holdings Corp.* (Retail)

    7,285      494,360

Sigma-Aldrich Corp. (Chemicals)

    6,815      353,903

Staples, Inc. (Retail)

    28,435      617,040

See accompanying notes to the Schedules of Portfolio Investments.

 

PROFUNDS    Schedule of Portfolio Investments
UltraNASDAQ-100 ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value  

Common Stocks, continued

      

Starbucks Corp.* (Retail)

      60,160    $ 1,141,837   

Steel Dynamics, Inc. (Iron/Steel)

      12,925      173,066   

Stericycle, Inc.* (Environmental Control)

      5,170      270,753   

Symantec Corp.* (Internet)

      50,055      879,967   

Teva Pharmaceutical Industries, Ltd.ADR (Pharmaceuticals)

      43,240      2,182,755   

Urban Outfitters, Inc.* (Retail)

      9,870      309,721   

VeriSign, Inc.* (Internet)

      10,575      241,216   

Vertex Pharmaceuticals, Inc.* (Biotechnology)

      11,045      370,670   

Warner Chilcott PLC - Class A* (Pharmaceuticals)

      14,805      327,931   

Wynn Resorts, Ltd.* (Lodging)

      7,990      433,218   

Xilinx, Inc. (Semiconductors)

      21,385      465,124   

Yahoo!, Inc.* (Internet)

      39,480      627,732   
           

TOTAL COMMON STOCKS
(Cost $53,189,647)

         88,301,294   
           
     Principal
Amount		       

Repurchase Agreements (34.8%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $14,077,023 (Collateralized by $13,620,100 U.S. Treasury Notes, 3.75%, 11/15/18, market value $14,359,626)

    $ 14,077,000      14,077,000   

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $9,203,008 (Collateralized by $9,395,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $9,389,585)

     9,203,000      9,203,000   

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $17,324,029 (Collateralized by $17,027,000 of various U.S. Government Agency Obligations, 3.00%–6.00%, 6/11/10-5/15/11, market value $17,687,673)

      17,324,000      17,324,000   

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $5,428,009 (Collateralized by $5,531,000 of various U.S. Government Agency Obligations, 0.63%–4.00%, 4/23/10-3/6/13, market value $5,547,763)

      5,428,000      5,428,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $46,032,000)

         46,032,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $99,221,647)—101.4%

         134,333,294   

Net other assets (liabilities) — (1.4)%

         (1,816,325 ) 
           

NET ASSETS — 100.0%

       $ 132,516,969   
           

 

*

Non-income producing security

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $29,513,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

ADR

American Depositary Receipt

 

     Contracts    Unrealized
Appreciation
(Depreciation)		  

Futures Contracts Purchased

      

E-Mini NASDAQ-100 Futures Contract expiring 12/18/09 (Underlying notional amount at value $8,980,200)

      270    $ (367,464 ) 
     Notional
Amount at
Value		    Unrealized
Gain (Loss)		  

Swap Agreements

      

Equity Index Swap Agreement with Goldman Sachs International, based on the NASDAQ-100 Index

    $ 74,604,546    $ (2,527,022 ) 

Equity Index Swap Agreement with UBS AG, based on the NASDAQ-100 Index

    $ 93,565,816    $ (2,995,565 ) 
UltraNASDAQ-100 ProFund invested in the following industries as of October 31, 2009:   
     Value    % of
Net Assets		  

Airlines

    $ 185,845      0.1 % 

Auto Manufacturers

      896,718      0.7 % 

Beverages

      186,896      0.1 % 

Biotechnology

      5,736,338      4.3 % 

Chemicals

      353,903      0.3 % 

Commercial Services

      1,244,351      0.9 % 

Computers

      18,173,436      13.9 % 

Distribution/Wholesale

      283,763      0.2 % 

Electronics

      923,541      0.7 % 

Energy - Alternate Sources

      544,417      0.4 % 

Engineering & Construction

      217,062      0.2 % 

Environmental Control

      270,753      0.2 % 

Healthcare - Products

      1,479,701      1.1 % 

Internet

      12,182,686      9.2 % 

Iron/Steel

      173,066      0.1 % 

Lodging

      433,218      0.3 % 

Machinery - Construction & Mining

      296,159      0.2 % 

Media

      3,677,550      2.8 % 

Pharmaceuticals

      6,107,045      4.6 % 

Retail

      4,681,429      3.5 % 

Semiconductors

      6,739,549      5.1 % 

Software

      13,779,372      10.4 % 

Telecommunications

      8,271,452      6.2 % 

Textiles

      299,329      0.2 % 

Transportation

      1,163,715      0.9 % 

Other**

      44,215,675      33.4 % 
               

Total

    $ 132,516,969      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 Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraNASDAQ-100 ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1     LEVEL 2     Total  

Description

       

Investment Securities:

       

Common Stocks

    $ 88,301,294      $ —        $ 88,301,294   

Repurchase Agreements

      —          46,032,000        46,032,000   
                        

Total Investment Securities

      88,301,294        46,032,000        134,333,294   
                        

Other Financial Instruments^

      (367,464 )      (5,522,587 )      (5,890,051 ) 
                        

Total Investments

    $ 87,933,830      $ 40,509,413      $ 128,443,243   
                        

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraInternational ProFund    October 31, 2009
(unaudited)   

 

     Principal
Amount		    Value  

Repurchase Agreements (104.9%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $7,504,013 (Collateralized by $7,260,500 U.S. Treasury Notes, 3.75%, 11/15/18, market value $7,654,721)

    $ 7,504,000    $ 7,504,000   

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $4,905,004 (Collateralized by $5,008,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $5,005,114)

     4,905,000      4,905,000   

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $9,236,015 (Collateralized by $9,048,000 of various U.S. Government Agency Obligations, 3.00%–6.00%, 6/11/10-3/5/12, market value $9,424,300)

      9,236,000      9,236,000   

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $2,897,005 (Collateralized by $2,946,000 of various U.S. Treasury Securities, 0.82%–4.00%, 3/30/10-3/6/13, market value $2,971,988)

      2,897,000      2,897,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $24,542,000)

         24,542,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $24,542,000)—104.9%

         24,542,000   

Net other assets (liabilities) — (4.9)%

         (1,141,337 ) 
           

NET ASSETS — 100.0%

       $ 23,400,663   
           

 

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $6,720,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Contracts    Unrealized
Appreciation
(Depreciation)		  

Futures Contracts Purchased

      

E-Mini MSCI EAFE Futures Contract expiring 12/18/09 (Underlying notional amount at value $6,547,620)

      87    $ (168,650 ) 
     Notional
Amount at
Value 		   Unrealized
Gain (Loss)		  

Swap Agreements

      

Equity Index Swap Agreement with Goldman Sachs International, based on the Morgan Stanley Capital International Europe, Australasia and Far East (MSCI EAFE) Index

    $ 12,385,475    $ (438,369 ) 

Equity Index Swap Agreement with UBS AG, based on the Morgan Stanley Capital International Europe, Australasia and Far East (MSCI EAFE) Index

    $ 27,848,829    $ (1,062,761 ) 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraInternational ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1     LEVEL 2     Total  

Description

       

Investment Securities:

       

Repurchase Agreements

    $ —        $ 24,542,000      $ 24,542,000   
                        

Total Investment Securities

      —          24,542,000        24,542,000   
                        

Other Financial Instruments^

      (168,650 )      (1,501,130 )      (1,669,780 ) 
                        

Total Investments

    $ (168,650 )    $ 23,040,870      $ 22,872,220   
                        

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraEmerging Markets ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks † (54.2%)

      

America Movil S.A.B. de C.V. (Telecommunications)

      52,212    $ 2,304,116

AngloGold Ashanti, Ltd. (Mining)

      24,045      902,649

AU Optronics Corp. (Electronics)

      55,663      491,504

Banco Bradesco S.A. (Banks)

      104,424      2,057,153

BRF-Brazil Foods S.A.* (Food)

      9,618      465,223

Cemex S.A.B. de C.V.* (Building Materials)

      57,708      599,009

China Life Insurance Co., Ltd. (Insurance)

      32,289      2,215,348

China Mobile, Ltd. (Telecommunications)

      57,021      2,664,591

China Petroleum and Chemical Corp. (Oil & Gas)

      11,679      985,240

China Telecom Corp., Ltd. (Telecommunications)

      9,618      423,000

China Unicom, Ltd. (Telecommunications)

      86,562      1,095,009

Chunghwa Telecom Co., Ltd. (Telecommunications)

      35,724      620,883

CNOOC, Ltd. (Oil & Gas)

      10,305      1,534,827

Companhia de Bebidas das Americas (AmBev) (Beverages)

      10,992      990,159

Companhia Energetica de Minas Gerais (CEMIG) (Electric)

      24,045      379,671

Companhia Siderurgica Nacional S.A. (CSN) (Iron/Steel)

      28,167      934,018

Companhia Vale Do Rio Doce (Mining)

      89,310      2,276,512

Compania de Minas Buenaventura S.A. (Mining)

      10,992      369,001

Ecopetrol S.A. (Oil & Gas)

      13,740      354,217

Empresa Nacional de Electricidad S.A. (Endesa-Chile) (Electric)

      7,557      346,791

Enersis S.A. (Electric)

      17,862      315,800

Fomento Economico Mexicanom, S.A.B. de C.V. (FEMSA) (Beverages)

      15,114      654,587

Gerdau S.A. (Iron/Steel)

      44,655      674,290

Gold Fields, Ltd. (Mining)

      44,655      569,351

Grupo Televisa S.A. (Media)

      33,663      651,716

HDFC Bank, Ltd. (Banks)

      6,870      759,891

ICICI Bank, Ltd. (Banks)

      28,167      885,852

Infosys Technologies, Ltd. (Software)

      39,159      1,801,314

Itau Unibanco Holding S.A. (Banks)

      142,956      2,736,178

KB Financial Group, Inc.* (Banks)

      26,106      1,238,469

Korea Electric Power Corp.* (Electric)

      34,350      476,778

LG. Philips LCD Co., Ltd. (Electronics)

      30,228      359,713

Mobile TeleSystems (Telecommunications)

      13,053      591,301

PetroChina Co., Ltd. (Oil & Gas)

      14,427      1,731,817

Petroleo Brasileiro S.A. (Oil & Gas)

      76,944      3,556,352

POSCO (Iron/Steel)

      19,236      1,964,380

PT Telekomunikasi Indonesia (Telecommunications)

      16,488      559,108

Sasol, Ltd. (Oil & Gas Services)

      29,541      1,104,538

Shinhan Financial Group Co., Ltd. (Diversified Financial Services)

      15,114      1,143,374

Siliconware Precision Industries Co. (Semiconductors)

      42,594      286,658

SK Telecom Co., Ltd. (Telecommunications)

      21,984      367,353

Sterlite Industries (India), Ltd. (Mining)

      25,419      400,858

Taiwan Semiconductor Manufacturing Co., Ltd. (Semiconductors)

      302,967      2,890,305

Telefonos de Mexico S.A.B. de C.V. (Telecommunications)

      18,549      308,099

Teva Pharmaceutical Industries, Ltd. (Pharmaceuticals)

      55,647      2,809,061

Turkcell Iletisim Hizmetleri AS (Telecommunications)

      19,923      327,335

United Microelectronics Corp.* (Semiconductors)

      178,620      587,660

Vimpel-Communications* (Telecommunications)

      20,610      369,537
         

TOTAL COMMON STOCKS
(Cost $54,196,691)

         52,130,596
         

Preferred Stocks † (7.7%)

      

Companhia Vale Do Rio Doce (Mining)

      138,774      3,205,679

Petroleo Brasileiro S.A. (Oil & Gas)

      105,798      4,244,616
         

TOTAL PREFERRED STOCKS
(Cost $7,807,400)

         7,450,295
         
     Principal
Amount		     

Repurchase Agreements (45.2%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $13,282,022 (Collateralized by $12,850,900 U.S. Treasury Notes, 3.75%, 11/15/18, market value $13,548,661)

    $ 13,282,000      13,282,000

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $8,684,007 (Collateralized by $8,865,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $8,859,890)

     8,684,000      8,684,000

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $16,347,027 (Collateralized by $15,921,000 of various U.S. Government Agency Obligations, 3.00%–4.75%, 6/11/10-1/18/11, market value $16,680,465)

      16,347,000      16,347,000

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraEmerging Markets ProFund    October 31, 2009
(unaudited)   

 

     Principal
Amount		    Value  

Repurchase Agreements, continued

      

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $5,120,009 (Collateralized by $5,200,000 of various Federal Home Loan Bank Securities, 0.63%–1.75%, 3/30/10-10/6/11, market value $5,238,350)

    $ 5,120,000    $ 5,120,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $43,433,000)

         43,433,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $105,437,091)—107.1%

         103,013,891   

Net other assets (liabilities) — (7.1)%

         (6,820,793 ) 
           

NET ASSETS — 100.0%

       $ 96,193,098   
           

 

†

As of October 31, 2009, all securities in this portfolio were traded on U.S. exchanges.

*

Non-income producing security

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $24,850,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Notional
Amount at
Value 		   Unrealized
Gain (Loss)		  

Swap Agreements

      

Equity Index Swap Agreement with Goldman Sachs International, based on the Bank of New York Mellon Emerging Markets 50 ADR Index

   $ 89,098,735    $ (3,792,189 ) 

Equity Index Swap Agreement with UBS AG, based on the Bank of New York Mellon Emerging Markets 50 ADR Index

    $ 42,792,348    $ (4,215,106 ) 

UltraEmerging Markets ProFund invested in the following industries as of October 31, 2009:

 

     Value    % of
Net Assets		  

Banks

    $ 7,677,543    8.0 % 

Beverages

      1,644,746    1.7 % 

Building Materials

      599,009    0.6 % 

Diversified Financial Services

      1,143,374    1.2 % 

Electric

      1,519,040    1.6 % 

Electronics

      851,217    0.9 % 

Food

      465,223    0.5 % 

Insurance

      2,215,348    2.3 % 

Iron/Steel

      3,572,688    3.7 % 

Media

      651,716    0.7 % 

Mining

      7,724,050    8.0 % 

Oil & Gas

      12,407,069    12.9 % 

Oil & Gas Services

      1,104,538    1.1 % 

Pharmaceuticals

      2,809,061    2.9 % 

Semiconductors

      3,764,623    3.9 % 

Software

      1,801,314    1.9 % 

Telecommunications

      9,630,332    10.0 % 

Other**

      36,612,207    38.1 % 
             

Total

    $ 96,193,098    100.0 % 
             

UltraEmerging Markets ProFund invested in securities with exposure to the following countries as of October 31, 2009:

 

     Value    % of
Net Assets		  

Brazil

    $ 21,519,851    22.2 % 

Chile

      662,591    0.7 % 

China

      5,355,405    5.6 % 

Colombia

      354,217    0.4 % 

Hong Kong

      5,294,427    5.5 % 

India

      3,847,915    4.0 % 

Indonesia

      559,108    0.6 % 

Israel

      2,809,061    2.9 % 

Mexico

      4,517,527    4.7 % 

Peru

      369,001    0.4 % 

Russia

      960,838    1.0 % 

South Africa

      2,576,538    2.7 % 

South Korea

      5,550,067    5.8 % 

Taiwan

      4,877,010    5.1 % 

Turkey

      327,335    0.3 % 

Other**

      36,612,207    38.1 % 
             

Total

    $ 96,193,098    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 Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraEmerging Markets ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2     Total  

Description

        

Investment Securities:

        

Common Stocks

    $ 52,130,596    $ —        $ 52,130,596   

Preferred Stocks

      7,450,295      —          7,450,295   

Repurchase Agreements

      —        43,433,000        43,433,000   
                       

Total Investment Securities

      59,580,891      43,433,000        103,013,891   
                       

Other Financial Instruments^

      —        (8,007,295 )      (8,007,295 ) 
                       

Total Investments

    $ 59,580,891    $ 35,425,705      $ 95,006,596   
                       

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraLatin America ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value  

Common Stocks † (54.7%)

      

America Movil S.A.B. de C.V. (Telecommunications)

      31,866    $ 1,406,247   

Banco Bradesco S.A. (Banks)

      129,837      2,557,789   

Banco Santander Chile S.A. (Banks)

      10,509      553,194   

Bancolombia S.A. (Banks)

      18,306      724,551   

BRF-Brazil Foods S.A.* (Food)

      46,104      2,230,050   

Cemex S.A.B. de C.V.* (Building Materials)

      62,376      647,463   

Centrais Eletricas Brasileiras S.A. (Electric)

      50,850      729,189   

Companhia Brasileira de Distribuicao Grupo Pao de Acucar (Food)

      15,933      963,787   

Companhia de Bebidas das Americas (AmBev) (Beverages)

      23,391      2,107,061   

Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) (Water)

      13,899      535,389   

Companhia Energetica de Minas Gerais (CEMIG) (Electric)

      64,410      1,017,034   

Companhia Siderurgica Nacional S.A. (CSN) (Iron/Steel)

      70,173      2,326,937   

Companhia Vale Do Rio Doce (Mining)

      158,991      4,052,681   

Compania de Minas Buenaventura S.A. (Mining)

      33,561      1,126,643   

Ecopetrol S.A. (Oil & Gas)

      41,019      1,057,470   

Empresa Brasileira de Aeronautica S.A. (Embraer)* (Aerospace/Defense)

      21,696      439,344   

Empresa Nacional de Electricidad S.A. (Endesa-Chile) (Electric)

      21,018      964,516   

Enersis S.A. (Electric)

      49,833      881,047   

Fomento Economico Mexicanom, S.A.B. de C.V. (FEMSA) (Beverages)

      34,917      1,512,255   

Gerdau S.A. (Iron/Steel)

      110,175      1,663,642   

Grupo Televisa S.A. (Media)

      72,207      1,397,928   

Itau Unibanco Holding S.A. (Banks)

      203,061      3,886,588   

Lan Airlines S.A. (Airlines)

      35,256      472,783   

Net Servicos de Comunicacao S.A. (Media)

      52,206      641,612   

Petroleo Brasileiro S.A. (Oil & Gas)

      103,734      4,794,585   

Sociedad Quimica y Minera de Chile S.A. (Chemicals)

      18,984      697,662   

Tele Norte Leste Participacoes S.A. (Telecommunications)

      51,189      975,662   

Telefonos de Mexico S.A.B. de C.V. (Telecommunications)

      39,663      658,802   

Telmex Internacional S.A.B. de C.V. (Telecommunications)

      51,528      693,567   

Ultrapar Participacoes S.A. (Gas)

      19,323      851,758   

Vivo Participacoes S.A. (Telecommunications)

      41,358      1,002,932   
           

TOTAL COMMON STOCKS
(Cost $34,170,706)

         43,570,168   
           

Preferred Stocks † (15.5%)

      

Centrais Eletricas Brasileiras S.A. - Class B (Electric)

      34,239      435,863   

Companhia Paranaense De Energia-Copel (Electric)

      26,781      471,346   

Companhia Vale Do Rio Doce (Mining)

      246,114      5,685,233   

Petroleo Brasileiro S.A. (Oil & Gas)

      142,719      5,725,886   
           

TOTAL PREFERRED STOCKS
(Cost $9,147,752)

         12,318,328   
           
     Principal
Amount		       

Repurchase Agreements (37.3%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $9,077,015 (Collateralized by $8,782,500 U.S. Treasury Notes, 3.75%, 11/15/18, market value $9,259,360)

    $ 9,077,000      9,077,000   

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $5,935,005 (Collateralized by $6,058,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $6,054,508)

     5,935,000      5,935,000   

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $11,174,019 (Collateralized by $10,655,000 of various Federal Home Loan Mortgage Corp. Securities, 4.75%, 1/18/11-3/5/12, market value $11,398,956)

      11,174,000      11,174,000   

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $3,501,006 (Collateralized by $3,556,000 of various U.S. Government Agency Obligations, 0.63%–2.50%, 7/6/10-3/23/12, market value $3,576,178)

      3,501,000      3,501,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $29,687,000)

         29,687,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $73,005,458)—107.5%

         85,575,496   

Net other assets (liabilities) — (7.5)%

         (5,954,507 ) 
           

NET ASSETS — 100.0%

       $ 79,620,989   
           

 

†

As of October 31, 2009, all securities in this portfolio were traded on U.S. exchanges.

*

Non-income producing security

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $19,100,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Notional
Amount at
Value 		   Unrealized
Gain (Loss)		  

Swap Agreements

      

Equity Index Swap Agreement with Goldman Sachs International, based on the Bank of New York Mellon Latin America 35 ADR Index

   $ 42,722,878    $ (2,715,915 ) 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraLatin America ProFund    October 31, 2009
(unaudited)   

 

     Notional
Amount at
Value 		   Unrealized
Gain (Loss)		  

Swap Agreements, continued

      

Equity Index Swap Agreement with UBS AG, based on the Bank of New York Mellon Latin America 35 ADR Index

    $ 59,552,614    $ (2,563,475 ) 

UltraLatin America ProFund invested in the following industries as of October 31, 2009:

 

     Value    % of
Net Assets		  

Aerospace/Defense

    $ 439,344    0.6 % 

Airlines

      472,783    0.6 % 

Banks

      7,722,122    9.7 % 

Beverages

      3,619,316    4.5 % 

Building Materials

      647,463    0.8 % 

Chemicals

      697,662    0.9 % 

Electric

      4,498,995    5.7 % 

Food

      3,193,837    4.0 % 

Gas

      851,758    1.1 % 

Iron/Steel

      3,990,579    5.0 % 

Media

      2,039,540    2.6 % 

Mining

      10,864,557    13.6 % 

Oil & Gas

      11,577,941    14.5 % 

Telecommunications

      4,737,210    5.9 % 

Water

      535,389    0.7 % 

Other**

      23,732,493    29.8 % 
             

Total

    $ 79,620,989    100.0 % 
             

UltraLatin America ProFund invested in securities with exposure to the following countries as of October 31, 2009:

 

     Value    % of
Net Assets		  

Brazil

    $ 43,094,368    54.1 % 

Chile

      3,569,202    4.5 % 

Colombia

      1,782,021    2.2 % 

Mexico

      6,316,262    8.0 % 

Peru

      1,126,643    1.4 % 

Other**

      23,732,493    29.8 % 
             

Total

    $ 79,620,989    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 Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraLatin America ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2     Total  

Description

        

Investment Securities:

        

Common Stocks

    $ 43,570,168    $ —        $ 43,570,168   

Preferred Stocks

      12,318,328      —          12,318,328   

Repurchase Agreements

      —        29,687,000        29,687,000   
                       

Total Investment Securities

      55,888,496      29,687,000        85,575,496   
                       

Other Financial Instruments^

      —        (5,279,390 )      (5,279,390 ) 
                       

Total Investments

    $ 55,888,496    $ 24,407,610      $ 80,296,106   
                       

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraChina ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value  

Common Stocks † (71.2%)

      

Aluminum Corp. of China, Ltd.* (Mining)

      22,935    $ 623,832   

Baidu, Inc.* (Internet)

      1,815      685,925   

Changyou.com Ltd.* (Software)

      4,125      124,286   

China Digital TV Holding Co., Ltd. (Electronics)

      22,275      151,470   

China Eastern Airlines Corp., Ltd.* (Airlines)

      6,435      173,295   

China Life Insurance Co., Ltd. (Insurance)

      25,905      1,777,342   

China Medical Technologies, Inc. (Healthcare - Products)

      11,385      178,744   

China Mobile, Ltd. (Telecommunications)

      39,930      1,865,929   

China Petroleum and Chemical Corp. (Oil & Gas)

      13,200      1,113,552   

China Southern Airlines Co., Ltd.* (Airlines)

      13,365      191,788   

China Telecom Corp., Ltd. (Telecommunications)

      16,005      703,900   

China Unicom, Ltd. (Telecommunications)

      90,915      1,150,075   

CNinsure, Inc. (Insurance)

      8,415      170,572   

CNOOC, Ltd. (Oil & Gas)

      10,065      1,499,081   

Ctrip.com International, Ltd.* (Internet)

      10,725      574,216   

E-House China Holdings, Ltd.* (Real Estate)

      14,025      239,968   

Focus Media Holding, Ltd.* (Advertising)

      26,895      323,816   

Giant Interactive Group, Inc. (Internet)

      34,815      254,498   

Guangshen Railway Co., Ltd. (Transportation)

      10,560      211,728   

Home Inns & Hotels Management, Inc.* (Lodging)

      8,415      223,671   

Huaneng Power International, Inc. (Electric)

      15,510      395,660   

Hutchison Telecommunications International, Ltd. (Telecommunications)

      49,170      145,543   

JA Solar Holdings Co., Ltd.* (Energy - Alternate Sources)

      52,140      199,696   

Kongzhong Corp.* (Telecommunications)

      11,550      154,770   

LDK Solar Co., Ltd.* (Energy - Alternate Sources)

      17,985      121,938   

Longtop Financial Technologies, Ltd.* (Software)

      7,590      201,135   

Melco Crown Entertainment, Ltd.* (Lodging)

      40,425      200,508   

Mindray Medical International, Ltd. (Healthcare - Products)

      15,015      461,411   

Netease.com, Inc.* (Internet)

      12,540      484,295   

New Oriental Education & Technology Group, Inc.* (Commercial Services)

      6,105      426,373   

Perfect World Co., Ltd.* (Internet)

      8,250      363,082   

PetroChina Co., Ltd. (Oil & Gas)

      13,035      1,564,721   

Shanda Interactive Entertainment, Ltd.* (Internet)

      8,580      374,774   

Sinopec Shanghai Petrochemical Co., Ltd.* (Chemicals)

      6,765      266,270   

Suntech Power Holdings Co., Ltd.* (Energy - Alternate Sources)

      26,400      334,488   

Trina Solar, Ltd.* (Energy - Alternate Sources)

      9,570      310,834   

WuXi PharmaTech Cayman, Inc.* (Biotechnology)

      20,625      264,619   

Yanzhou Coal Mining Co., Ltd. (Coal)

      35,310      540,243   

Yingli Green Energy Holding Co., Ltd.* (Energy - Alternate Sources)

      24,420      282,784   
           

TOTAL COMMON STOCKS
(Cost $14,732,291)

         19,330,832   
           
     Principal
Amount		       

Repurchase Agreements (40.1%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $3,325,006 (Collateralized by $3,217,200 U.S. Treasury Notes, 3.75%, 11/15/18, market value $3,391,883)

    $ 3,325,000      3,325,000   

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $2,173,002 (Collateralized by $2,219,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $2,217,721)

     2,173,000      2,173,000   

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $4,093,007 (Collateralized by $3,772,000 Federal National Mortgage Association, 6.00%, 5/15/11, market value $4,176,639)

      4,093,000      4,093,000   

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,287,002 (Collateralized by $1,308,000 of various U.S. Treasury Notes, 0.88%–1.13%, 5/31/11-6/30/11, market value $1,318,545)

      1,287,000      1,287,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $10,878,000)

         10,878,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $25,610,291)—111.3%

         30,208,832   

Net other assets (liabilities) — (11.3)%

         (3,076,571 ) 
           

NET ASSETS — 100.0%

       $ 27,132,261   
           

 

†

As of October 31, 2009, all securities in this portfolio were traded on U.S. exchanges.

*

Non-income producing security

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $6,350,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraChina ProFund    October 31, 2009
(unaudited)   

 

     Notional
Amount at
Value 		   Unrealized
Gain (Loss)		  

Swap Agreements

      

Equity Index Swap Agreement with Goldman Sachs International, based on the Bank of New York Mellon China Select ADR Index

    $ 19,699,939    $ (890,431 ) 

Equity Index Swap Agreement with UBS AG, based on the Bank of New York Mellon China Select ADR Index

    $ 15,297,695    $ (913,334 ) 

UltraChina ProFund invested in the following industries as of October 31, 2009:

 

     Value    % of
Net Assets		  

Advertising

    $ 323,816    1.2 % 

Airlines

      365,083    1.3 % 

Biotechnology

      264,619    1.0 % 

Chemicals

      266,270    1.0 % 

Coal

      540,243    2.0 % 

Commercial Services

      426,373    1.6 % 

Electric

      395,660    1.5 % 

Electronics

      151,470    0.6 % 

Energy - Alternate Sources

      1,249,740    4.6 % 

Healthcare - Products

      640,155    2.4 % 

Insurance

      1,947,914    7.2 % 

Internet

      2,736,790    10.1 % 

Lodging

      424,179    1.6 % 

Mining

      623,832    2.3 % 

Oil & Gas

      4,177,354    15.1 % 

Real Estate

      239,968    0.9 % 

Software

      325,421    1.2 % 

Telecommunications

      4,020,217    14.8 % 

Transportation

      211,728    0.8 % 

Other**

      7,801,429    28.8 % 
             

Total

    $ 27,132,261    100.0 % 
             

UltraChina ProFund invested in securities with exposure to the following countries as of October 31, 2009:

 

     Value    % of
Net Assets		  

China

    $ 14,815,747    54.6 % 

Hong Kong

      4,515,085    16.6 % 

Other**

      7,801,429    28.8 % 
             

Total

    $ 27,132,261    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 Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraChina ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2     Total  

Description

        

Investment Securities:

        

Common Stocks

    $ 19,330,832    $ —        $ 19,330,832   

Repurchase Agreements

      —        10,878,000        10,878,000   
                       

Total Investment Securities

      19,330,832      10,878,000        30,208,832   
                       

Other Financial Instruments^

      —        (1,803,765 )      (1,803,765 ) 
                       

Total Investments

    $ 19,330,832    $ 9,074,235      $ 28,405,067   
                       

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraJapan ProFund    October 31, 2009
(unaudited)   

 

     Principal
Amount		    Value

Repurchase Agreements (76.8%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $5,094,008 (Collateralized by $4,928,700 U.S. Treasury Notes, 3.75%, 11/15/18, market value $5,196,312)

    $ 5,094,000    $ 5,094,000

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $3,330,003 (Collateralized by $3,399,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $3,397,041)

     3,330,000      3,330,000

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $6,270,010 (Collateralized by $6,166,000 of various U.S. Government Agency Obligations, 3.00%–6.00%, 6/11/10-5/15/11, market value $6,400,149)

      6,270,000      6,270,000

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,966,003 (Collateralized by $1,999,000 of various U.S. Government Agency Obligations, 0.82%–4.00%, 4/23/10-3/6/13, market value $2,006,456)

      1,966,000      1,966,000
         

TOTAL REPURCHASE AGREEMENTS
(Cost $16,660,000)

         16,660,000
         

TOTAL INVESTMENT SECURITIES
(Cost $16,660,000)—76.8%

         16,660,000

Net other assets (liabilities) — 23.2%

         5,019,537
         

NET ASSETS — 100.0%

       $ 21,679,537
         

 

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $400,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Contracts    Unrealized
Appreciation
(Depreciation)		  

Futures Contracts Purchased

      

Nikkei 225 Futures Contract expiring 12/10/09 (Underlying notional amount at value $40,636,650)

      834    $ (1,893,269 ) 
     Notional
Amount at
Value 		   Unrealized
Gain (Loss)		  

Swap Agreements

      

Equity Index Swap Agreement with Goldman Sachs International, based on the Nikkei 225 Stock Average

    $ 2,369,746    $ (95,902 ) 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraJapan ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1     LEVEL 2     Total  

Description

       

Investment Securities:

       

Repurchase Agreements

    $ —        $ 16,660,000      $ 16,660,000   
                        

Total Investment Securities

      —          16,660,000        16,660,000   
                        

Other Financial Instruments^

      (1,893,269 )      (95,902 )      (1,989,171 ) 
                        

Total Investments

    $ (1,893,269 )    $ 16,564,098      $ 14,670,829   
                        

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Bear ProFund    October 31, 2009
(unaudited)   

 

     Principal
Amount		    Value

Repurchase Agreements (98.4%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $24,623,041 (Collateralized by $23,823,800 U.S. Treasury Notes, 3.75%, 11/15/18, market value $25,117,353)

    $ 24,623,000    $ 24,623,000

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $16,099,013 (Collateralized by $16,432,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $16,422,526)

      16,099,000      16,099,000

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $30,306,051 (Collateralized by $30,364,000 of various U.S. Government Agency Obligations, 0.12%‡–4.75%, 1/29/10-3/5/12, market value $30,917,361)

      30,306,000      30,306,000

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $9,488,016 (Collateralized by $9,533,000 of various U.S. Government Agency Obligations, 2.50%–4.00%, 11/18/11-3/6/13, market value $9,683,688)

      9,488,000      9,488,000
         

TOTAL REPURCHASE AGREEMENTS
(Cost $80,516,000)

         80,516,000
         
     Contracts     

Options Purchased(NM)

      

S&P 500 Futures Call Option, exercise @ 1450, expiring 11/20/09

      90      369
         

TOTAL OPTIONS PURCHASED
(Cost $1,530)

         369
         

TOTAL INVESTMENT SECURITIES
(Cost $80,517,530)—98.4%

         80,516,369

Net other assets (liabilities) — 1.6%

         1,292,655
         

NET ASSETS — 100.0%

       $ 81,809,024
         

 

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $14,620,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

NM Not meaningful, amount is less than 0.05%.

 

     Contracts     Unrealized
Appreciation
(Depreciation)

Futures Contracts Sold

     

E-Mini S&P 500 Futures Contract expiring 12/18/09 (Underlying notional amount at value $6,601,600)

      128      $ 225,492
     Notional
Amount at
Value		     Unrealized
Gain (Loss)

Swap Agreements

     

Equity Index Swap Agreement with Goldman Sachs International, based on the S&P 500 Index

    $ (33,040,238 )    $ 160,295

Equity Index Swap Agreement with UBS AG, based on the S&P 500 Index

    $ (42,134,625 )    $ 229,218

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Bear ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2    Total

Description

         

Investment Securities:

         

Repurchase Agreements

    $ —      $ 80,516,000    $ 80,516,000

Options Purchased

      —        369      369
                    

Total Investment Securities

      —        80,516,369      80,516,369
                    

Other Financial Instruments^

      225,492      389,513      615,005
                    

Total Investments

    $ 225,492    $ 80,905,882    $ 81,131,374
                    

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Short Small-Cap ProFund    October 31, 2009
(unaudited)   

 

     Principal
Amount		    Value

Repurchase Agreements (67.8%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $5,753,010 (Collateralized by $5,566,400 U.S. Treasury Notes, 3.75%, 11/15/18, market value $5,868,637)

    $ 5,753,000    $ 5,753,000

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $3,759,003 (Collateralized by $3,839,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $3,836,787)

     3,759,000      3,759,000

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $7,081,012 (Collateralized by $6,795,400 of various U.S. Treasury Securities, 3.75%–6.00%, 1/18/11-11/15/18, market value $7,234,091)

      7,081,000      7,081,000

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $2,223,004 (Collateralized by $2,236,000 of various U.S. Treasury Securities, 1.13%–4.00%, 6/30/11-3/6/13, market value $2,270,510)

      2,223,000      2,223,000
         

TOTAL REPURCHASE AGREEMENTS
(Cost $18,816,000)

         18,816,000
         
     Contracts     

Options Purchased(NM)

      

Russell 2000 Futures Call Option, exercise @ 840, expiring 11/20/09

      50      202
         

TOTAL OPTIONS PURCHASED
(Cost $613)

         202
         

TOTAL INVESTMENT SECURITIES
(Cost $18,816,613)—67.8%

         18,816,202

Net other assets (liabilities) — 32.2%

         8,951,344
         

NET ASSETS — 100.0%

       $ 27,767,546
         

 

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $2,770,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

NM

Not meaningful, amount is less than 0.05%.

 

     Contracts     Unrealized
Appreciation
(Depreciation)

Futures Contracts Sold

     

Russell 2000 Mini Futures Contract expiring 12/18/09 (Underlying notional amount at value $7,355,650)

      131      $ 639,683
     Notional
Amount at
Value		     Unrealized
Gain (Loss)

Swap Agreements

     

Equity Index Swap Agreement with Goldman Sachs International, based on the Russell 2000 Index

    $ (986,269 )    $ 42,108

Equity Index Swap Agreement with UBS AG, based on the Russell 2000 Index

    $ (19,485,809 )    $ 122,267

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Short Small-Cap ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2    Total

Description

         

Investment Securities:

         

Repurchase Agreements

    $ —      $ 18,816,000    $ 18,816,000

Options Purchased

      —        202      202
                    

Total Investment Securities

      —        18,816,202      18,816,202
                    

Other Financial Instruments^

      639,683      164,375      804,058
                    

Total Investments

    $ 639,683    $ 18,980,577    $ 19,620,260
                    

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Short NASDAQ-100 ProFund    October 31, 2009
(unaudited)   

 

     Principal
Amount		    Value  

Repurchase Agreements (102.4%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $5,712,010 (Collateralized by $5,526,700 U.S. Treasury Notes, 3.75%, 11/15/18, market value $5,826,781)

    $ 5,712,000    $ 5,712,000   

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $3,733,003 (Collateralized by $3,811,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $3,808,803)

     3,733,000      3,733,000   

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $7,029,012 (Collateralized by $6,756,000 of various U.S. Government Agency Obligations, 4.38%–6.00%, 6/21/10-5/15/11, market value $7,181,829)

      7,029,000      7,029,000   

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $2,206,004 (Collateralized by $2,218,000 of various U.S. Treasury Securities, 1.13%–4.00%, 6/30/11-3/6/13, market value $2,252,973)

      2,206,000      2,206,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $18,680,000)

         18,680,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $18,680,000)—102.4%

         18,680,000   

Net other assets (liabilities) — (2.4)%

         (438,765 ) 
           

NET ASSETS — 100.0%

       $ 18,241,235   
           

 

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $3,160,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Contracts     Unrealized
Appreciation
(Depreciation)

Futures Contracts Sold

     

E-Mini NASDAQ-100 Futures Contract expiring 12/18/09 (Underlying notional amount at value $1,164,100)

      35      $ 56,021
     Notional
Amount at
Value		     Unrealized
Gain (Loss)

Swap Agreements

     

Equity Index Swap Agreement with Goldman Sachs International, based on the NASDAQ-100 Index

    $ (12,094,892 )    $ 106,818

Equity Index Swap Agreement with UBS AG, based on the NASDAQ-100 Index

    $ (4,962,685 )    $ 44,001

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Short NASDAQ-100 ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2    Total

Description

         

Investment Securities:

         

Repurchase Agreements

    $ —      $ 18,680,000    $ 18,680,000
                    

Total Investment Securities

      —        18,680,000      18,680,000
                    

Other Financial Instruments^

      56,021      150,819      206,840
                    

Total Investments

    $ 56,021    $ 18,830,819    $ 18,886,840
                    

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraBear ProFund    October 31, 2009
(unaudited)   

 

     Principal
Amount		    Value  

Repurchase Agreements (107.4%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $34,773,058 (Collateralized by $33,644,200 U.S. Treasury Notes, 3.75%, 11/15/18, market value $35,470,968)

    $ 34,773,000    $ 34,773,000   

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $22,736,019 (Collateralized by $23,206,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $23,192,621)

      22,736,000      22,736,000   

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $42,798,071 (Collateralized by $43,382,000 of various U.S. Government Agency Obligations, 0.12%‡–4.75%, 1/29/10-10/15/12, market value $43,656,702)

      42,798,000      42,798,000   

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $13,396,022 (Collateralized by $13,327,000 of various U.S. Government Agency Obligations, 0.65%–6.47%, 6/10/10-9/25/12, market value $13,666,531)

      13,396,000      13,396,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $113,703,000)

         113,703,000   
           
     Contracts       

Options Purchased(NM)

      

S&P 500 Futures Call Option, exercise @ 1450, expiring 11/20/09

      215      882   
           

TOTAL OPTIONS PURCHASED
(Cost $3,655)

         882   
           

TOTAL INVESTMENT SECURITIES
(Cost $113,706,655)—107.4%

         113,703,882   

Net other assets (liabilities) — (7.4)%

         (7,879,709 ) 
           

NET ASSETS — 100.0%

       $ 105,824,173   
           

 

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $42,960,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

NM

Not meaningful, amount is less than 0.05%.

 

     Contracts     Unrealized
Appreciation
(Depreciation)

Futures Contracts Sold

     

E-Mini S&P 500 Futures Contract expiring 12/18/09 (Underlying notional amount at value $17,019,750)

      330      $ 323,696
     Notional
Amount at
Value		     Unrealized
Gain (Loss)

Swap Agreements

     

Equity Index Swap Agreement with Goldman Sachs International, based on the S&P 500 Index

    $ (76,136,132 )    $ 467,098

Equity Index Swap Agreement with UBS AG, based on the S&P 500 Index

    $ (118,871,853 )    $ 741,165

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraBear ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2    Total

Description

         

Investment Securities:

         

Repurchase Agreements

    $ —      $ 113,703,000    $ 113,703,000

Option Purchased

      —        882      882
                    

Total Investment Securities

      —        113,703,882      113,703,882
                    

Other Financial Instruments^

      323,696      1,208,263      1,531,959
                    

Total Investments

    $ 323,696    $ 114,912,145    $ 115,235,841
                    

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS

    Schedule of Portfolio Investments
UltraShort Mid-Cap ProFund    October 31, 2009
(unaudited)   

 

     Principal
Amount		    Value  

Repurchase Agreements (115.6%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,980,003 (Collateralized by $1,915,900 U.S. Treasury Notes, 3.75%, 11/15/18, market value $2,019,927)

    $ 1,980,000    $ 1,980,000   

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,294,001 (Collateralized by $1,323,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $1,322,237)

     1,294,000      1,294,000   

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $2,438,004 (Collateralized by $2,282,200 of various U.S. Treasury Securities, 3.75%–6.00%, 5/15/11-11/15/18, market value $2,492,523)

      2,438,000      2,438,000   

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $769,001 (Collateralized by $777,000 of various U.S. Treasury Securities, 1.13%–4.00%, 6/30/11-3/6/13, market value $789,444)

      769,000      769,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $6,481,000)

         6,481,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $6,481,000)—115.6%

         6,481,000   

Net other assets (liabilities) — (15.6)%

         (874,431 ) 
           

NET ASSETS — 100.0%

       $ 5,606,569   
           

 

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $2,290,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Contracts     Unrealized
Appreciation
(Depreciation)

Futures Contracts Sold

     

E-Mini S&P MidCap 400 Futures Contract expiring 12/18/09 (Underlying notional amount at value $1,905,300)

      29      $ 110,598
     Notional
Amount at
Value		     Unrealized
Gain (Loss)

Swap Agreements

     

Equity Index Swap Agreement with Goldman Sachs International, based on the S&P MidCap 400 Index

    $ (1,201,437 )    $ 25,825

Equity Index Swap Agreement with UBS AG, based on the S&P MidCap 400 Index

    $ (8,123,717 )    $ 51,306

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraShort Mid-Cap ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2    Total

Description

         

Investment Securities:

         

Repurchase Agreements

    $ —      $ 6,481,000    $ 6,481,000
                    

Total Investment Securities

      —        6,481,000      6,481,000
                    

Other Financial Instruments^

      110,598      77,131      187,729
                    

Total Investments

    $ 110,598    $ 6,558,131    $ 6,668,729
                    

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraShort Small-Cap ProFund    October 31, 2009
(unaudited)   

 

     Principal
Amount		    Value  

Repurchase Agreements (140.0%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $9,317,016 (Collateralized by $9,014,800 U.S. Treasury Notes, 3.75%, 11/15/18, market value $9,504,274)

    $ 9,317,000    $ 9,317,000   

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $6,090,005 (Collateralized by $6,217,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $6,213,417)

     6,090,000      6,090,000   

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $11,467,019 (Collateralized by $11,161,000 of various U.S. Government Agency Obligations, 3.00%–6.00%, 6/11/10-3/5/12, market value $11,714,093)

      11,467,000      11,467,000   

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $3,598,006 (Collateralized by $3,686,000 of various U.S. Treasury Securities, 1.00%–5.13%, 7/31/11-3/6/13, market value $3,700,203)

      3,598,000      3,598,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $30,472,000)

         30,472,000   
           
     Contracts       

Options Purchased(NM)

      

Russell 2000 Futures Call Option, exercise @ 840, expiring 11/20/09

      300      1,212   
           

TOTAL OPTIONS PURCHASED
(Cost $3,675)

         1,212   
           

TOTAL INVESTMENT SECURITIES
(Cost $30,475,675)—140.0%

         30,473,212   

Net other assets (liabilities) — (40.0)%

         (8,707,279 ) 
           

NET ASSETS — 100.0%

       $ 21,765,933   
           

 

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $10,290,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

NM

Not meaningful, amount is less than 0.05%.

 

     Contracts     Unrealized
Appreciation
(Depreciation)

Futures Contracts Sold

     

Russell 2000 Mini Futures Contract expiring 12/18/09 (Underlying notional amount at value $6,906,450)

      123      $ 693,803
     Notional
Amount at
Value		     Unrealized
Gain (Loss)

Swap Agreements

     

Equity Index Swap Agreement with Goldman Sachs International, based on the Russell 2000 Index

    $ (16,494,442 )    $ 102,720

Equity Index Swap Agreement with UBS AG, based on the Russell 2000 Index

    $ (20,342,882 )    $ 370,006

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraShort Small-Cap ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2    Total

Description

         

Investment Securities:

         

Repurchase Agreements

    $ —      $ 30,472,000    $ 30,472,000

Options Purchased

      —        1,212      1,212
                    

Total Investment Securities

      —        30,473,212      30,473,212
                    

Other Financial Instruments^

      693,803      472,726      1,166,529
                    

Total Investments

    $ 693,803    $ 30,945,938    $ 31,639,741
                    

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraShort Dow 30 ProFund    October 31, 2009
(unaudited)   

 

     Principal
Amount		    Value  

Repurchase Agreements (149.7%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $3,997,007 (Collateralized by $3,867,400 U.S. Treasury Notes, 3.75%, 11/15/18, market value $4,077,387)

    $ 3,997,000    $ 3,997,000   

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $2,612,002 (Collateralized by $2,667,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $2,665,463)

     2,612,000      2,612,000   

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $4,920,008 (Collateralized by $4,620,800 of various U.S. Treasury Securities, 3.75%–6.00%, 6/21/10-11/15/18, market value $5,019,702)

      4,920,000      4,920,000   

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,544,003 (Collateralized by $1,563,000 of various U.S. Treasury Securities, 1.00%–2.50%, 6/30/11-3/23/12, market value $1,577,555)

      1,544,000      1,544,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $13,073,000)

         13,073,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $13,073,000)—149.7%

         13,073,000   

Net other assets (liabilities) — (49.7)%

         (4,341,349 ) 
           

NET ASSETS — 100.0%

       $ 8,731,651   
           

 

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $5,110,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Contracts     Unrealized
Appreciation
(Depreciation)

Futures Contracts Sold

     

E-Mini Dow Jones Futures Contract expiring 12/18/09 (Underlying notional amount at value $386,160)

      8      $ 1,780
     Notional
Amount at
Value		     Unrealized
Gain (Loss)

Swap Agreements

     

Equity Index Swap Agreement with Goldman Sachs International, based on the Dow Jones Industrial Average

    $ (10,570,808 )    $ 54,387

Equity Index Swap Agreement with UBS AG, based on the Dow Jones Industrial Average

    $ (6,515,969 )    $ 71,200

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraShort Dow 30 ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2    Total

Description

         

Investment Securities:

         

Repurchase Agreements

    $ —      $ 13,073,000    $ 13,073,000
                    

Total Investment Securities

      —        13,073,000      13,073,000
                    

Other Financial Instruments^

      1,780      125,587      127,367
                    

Total Investments

    $ 1,780    $ 13,198,587    $ 13,200,367
                    

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraShort NASDAQ-100 ProFund    October 31, 2009
(unaudited)   

 

     Principal
Amount		    Value  

Repurchase Agreements (104.9%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $11,267,019 (Collateralized by $10,901,400 U.S. Treasury Notes, 3.75%, 11/15/18, market value $11,493,310)

    $ 11,267,000    $ 11,267,000   

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $7,364,006 (Collateralized by $7,518,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $7,513,667)

     7,364,000      7,364,000   

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $13,867,023 (Collateralized by $13,425,000 of various U.S. Government Agency Obligations, 3.00%–6.00%, 6/11/10-3/5/12, market value $14,150,882)

      13,867,000      13,867,000   

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $4,349,007 (Collateralized by $4,429,000 of various U.S. Government Agency Obligations, 2.50%–5.13%, 3/23/12-3/6/13, market value $4,450,304)

      4,349,000      4,349,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $36,847,000)

         36,847,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $36,847,000)—104.9%

         36,847,000   

Net other assets (liabilities) — (4.9)%

         (1,723,067 ) 
           

NET ASSETS — 100.0%

       $ 35,123,933   
           

 

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $14,750,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Contracts     Unrealized
Appreciation
(Depreciation)

Futures Contracts Sold

     

E-Mini NASDAQ-100 Futures Contract expiring 12/18/09 (Underlying notional amount at value $11,973,600)

      360      $ 516,376
     Notional
Amount at
Value		     Unrealized
Gain (Loss)

Swap Agreements

     

Equity Index Swap Agreement with Goldman Sachs International, based on the NASDAQ-100 Index

    $ (25,109,932 )    $ 120,744

Equity Index Swap Agreement with UBS AG, based on the NASDAQ-100 Index

    $ (32,694,396 )    $ 289,880

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraShort NASDAQ-100 ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2    Total

Description

         

Investment Securities:

         

Repurchase Agreements

    $ —      $ 36,847,000    $ 36,847,000
                    

Total Investment Securities

      —        36,847,000      36,847,000
                    

Other Financial Instruments^

      516,376      410,624      927,000
                    

Total Investments

    $ 516,376    $ 37,257,624    $ 37,774,000
                    

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraShort International ProFund    October 31, 2009
(unaudited)   

 

     Principal
Amount		    Value

Repurchase Agreements (94.7%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $3,260,005 (Collateralized by $3,154,300 U.S. Treasury Notes, 3.75%, 11/15/18, market value $3,325,568)

    $ 3,260,000    $ 3,260,000

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $2,130,002 (Collateralized by $2,174,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $2,172,747)

     2,130,000      2,130,000

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $4,013,007 (Collateralized by $3,751,000 of various U.S. Government Agency Obligations, 4.75%–6.00%, 5/15/11-3/5/12, market value $4,102,012)

      4,013,000      4,013,000

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,261,002 (Collateralized by $1,275,000 of various U.S. Treasury Securities, 1.00%–4.00%, 7/31/11-3/6/13, market value $1,293,798)

      1,261,000      1,261,000
         

TOTAL REPURCHASE AGREEMENTS
(Cost $10,664,000)

         10,664,000
         

TOTAL INVESTMENT SECURITIES
(Cost $10,664,000)—94.7%

         10,664,000

Net other assets (liabilities) — 5.3%

         591,060
         

NET ASSETS — 100.0%

       $ 11,255,060
         

 

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $3,860,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Contracts     Unrealized
Appreciation
(Depreciation)		  

Futures Contracts Sold

     

E-Mini MSCI EAFE Futures Contract expiring 12/18/09 (Underlying notional amount at value $4,365,080)

      58      $ 112,100   
     Notional
Amount at
Value		     Unrealized
Gain (Loss)		  

Swap Agreements

     

Equity Index Swap Agreement with Goldman Sachs International, based on the Morgan Stanley Capital International Europe, Australasia and Far East (MSCI EAFE) Index

    $ (3,567,662 )    $ (35,044 ) 

Equity Index Swap Agreement with UBS AG, based on the Morgan Stanley Capital International Europe, Australasia and Far East (MSCI EAFE) Index

    $ (14,615,746 )    $ 41,370   

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraShort International ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2    Total

Description

         

Investment Securities:

         

Repurchase Agreements

    $ —      $ 10,664,000    $ 10,664,000
                    

Total Investment Securities

      —        10,664,000      10,664,000
                    

Other Financial Instruments^

      112,100      6,326      118,426
                    

Total Investments

    $ 112,100    $ 10,670,326    $ 10,782,426
                    

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraShort Emerging Markets ProFund    October 31, 2009
(unaudited)   

 

     Principal
Amount		    Value  

Repurchase Agreements (102.9%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $2,890,005 (Collateralized by $2,796,300 U.S. Treasury Notes, 3.75%, 11/15/18, market value $2,948,130)

    $ 2,890,000    $ 2,890,000   

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,888,002 (Collateralized by $1,929,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $1,927,888)

     1,888,000      1,888,000   

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $3,557,006 (Collateralized by $3,322,000 of various U.S. Government Agency Obligations, 4.75%–6.00%, 5/15/11-3/5/12, market value $3,635,447)

      3,557,000      3,557,000   

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,119,002 (Collateralized by $1,133,000 of various U.S. Treasury Securities, 1.00%–4.00%, 7/31/11-3/6/13, market value $1,149,061)

      1,119,000      1,119,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $9,454,000)

         9,454,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $9,454,000)—102.9%

         9,454,000   

Net other assets (liabilities) — (2.9)%

         (263,727 ) 
           

NET ASSETS — 100.0%

       $ 9,190,273   
           

 

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $3,770,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Notional
Amount at
Value		     Unrealized
Gain
(Loss)		  

Swap Agreements

     

Equity Index Swap Agreement with Goldman Sachs International, based on the Bank of New York Mellon Emerging Markets 50 ADR Index

   $ (2,763,707 )    $ (7,820 ) 

Equity Index Swap Agreement with UBS AG, based on the Bank of New York Mellon Emerging Markets 50 ADR Index

    $ (15,814,374 )    $ (81,650 ) 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraShort Emerging Markets ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 2     Total  

Description

     

Investment Securities:

     

Repurchase Agreements

    $ 9,454,000      $ 9,454,000   
                

Total Investment Securities

      9,454,000        9,454,000   
                

Other Financial Instruments^

      (89,470 )      (89,470 ) 
                

Total Investments

    $ 9,364,530      $ 9,364,530   
                

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraShort Latin America ProFund    October 31, 2009
(unaudited)   

 

     Principal
Amount		    Value  

Repurchase Agreements (111.0%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $3,039,005 (Collateralized by $2,940,600 U.S. Treasury Notes, 3.75%, 11/15/18, market value $3,100,265)

    $ 3,039,000    $ 3,039,000   

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,986,002 (Collateralized by $2,028,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $2,026,831)

     1,986,000      1,986,000   

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $3,741,006 (Collateralized by $3,536,000 of various U.S. Government Agency Obligations, 4.38%–6.00%, 6/21/10-3/5/12, market value $3,830,909)

      3,741,000      3,741,000   

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,175,002 (Collateralized by $1,195,000 of various U.S. Treasury Notes, 0.88%–1.00%, 5/31/11-7/31/11, market value $1,203,348)

      1,175,000      1,175,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $9,941,000)

         9,941,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $9,941,000)—111.0%

         9,941,000   

Net other assets (liabilities) — (11.0)%

         (987,062 ) 
           

NET ASSETS — 100.0%

       $ 8,953,938   
           

 

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $3,970,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Notional
Amount at
Value		     Unrealized
Gain (Loss)		  

Swap Agreements

     

Equity Index Swap Agreement with Goldman Sachs International, based on the Bank of New York Mellon Latin America 35 ADR Index

   $ (6,759,697 )    $ (238,590 ) 

Equity Index Swap Agreement with UBS AG, based on the Bank of New York Mellon Latin America 35 ADR Index

    $ (11,253,130 )    $ (202,087 ) 

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraShort Latin America ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 2     Total  

Description

     

Investment Securities:

     

Repurchase Agreements

    $ 9,941,000      $ 9,941,000   
                

Total Investment Securities

      9,941,000        9,941,000   
                

Other Financial Instruments^

      (440,677 )      (440,677 ) 
                

Total Investments

    $ 9,500,323      $ 9,500,323   
                

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraShort China ProFund    October 31, 2009
(unaudited)   

 

     Principal
Amount		    Value

Repurchase Agreements (89.7%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,377,002 (Collateralized by $1,332,400 U.S. Treasury Notes, 3.75%, 11/15/18, market value $1,404,745)

    $ 1,377,000    $ 1,377,000

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $900,001 (Collateralized by $920,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $919,470)

      900,000      900,000

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,697,003 (Collateralized by $1,579,000 Federal National Mortgage Association, 6.00%, 5/15/11, market value $1,748,386)

      1,697,000      1,697,000

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $537,001 (Collateralized by $547,000 of various U.S. Treasury Notes, 0.88%–1.00%, 5/31/11-7/31/11, market value $550,837)

      537,000      537,000
         

TOTAL REPURCHASE AGREEMENTS
(Cost $4,511,000)

         4,511,000
         

TOTAL INVESTMENT SECURITIES
(Cost $4,511,000)—89.7%

         4,511,000

Net other assets (liabilities) — 10.3%

         518,683
         

NET ASSETS — 100.0%

       $ 5,029,683
         

 

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $1,516,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Notional
Amount at
Value		     Unrealized
Gain
(Loss)

Swap Agreements

     

Equity Index Swap Agreement with Goldman Sachs International, based on the Bank of New York Mellon China Select ADR Index

    $ (3,637,486 )    $ 27,019

Equity Index Swap Agreement with UBS AG, based on the Bank of New York Mellon China Select ADR Index

    $ (6,479,290 )    $ 63,918

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraShort China ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 2    Total

Description

      

Investment Securities:

      

Repurchase Agreements

    $ 4,511,000    $ 4,511,000
             

Total Investment Securities

      4,511,000      4,511,000
             

Other Financial Instruments^

      90,937      90,937
             

Total Investments

    $ 4,601,937    $ 4,601,937
             

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraShort Japan ProFund    October 31, 2009
(unaudited)   

 

     Principal
Amount		    Value

Repurchase Agreements (79.1%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,996,003 (Collateralized by $1,931,300 U.S. Treasury Notes, 3.75%, 11/15/18, market value $2,036,163)

    $ 1,996,000    $ 1,996,000

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,304,001 (Collateralized by $1,332,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $1,331,232)

     1,304,000      1,304,000

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $2,456,004 (Collateralized by $2,308,000 of various U.S. Government Agency Obligations, 4.75%–6.00%, 5/15/11-3/5/12, market value $2,507,824)

      2,456,000      2,456,000

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $772,001 (Collateralized by $779,000 Federal Farm Credit Bank, 4.00%, 3/6/13, market value $793,140)

      772,000      772,000
         

TOTAL REPURCHASE AGREEMENTS
(Cost $6,528,000)

         6,528,000
         
     Contracts     

Options Purchased (0.1%)

      

Nikkei 225 Call Option, exercise @ 15000, expiring 11/20/09

      300      2,250
         

TOTAL OPTIONS PURCHASED
(Cost $4,950)

         2,250
         

TOTAL INVESTMENT SECURITIES
(Cost $6,532,950)—79.2%

         6,530,250

Net other assets (liabilities) — 20.8%

         1,719,801
         

NET ASSETS — 100.0%

       $ 8,250,051
         

 

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $200,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Contracts     Unrealized
Appreciation
(Depreciation)

Futures Contracts Sold

     

Nikkei 225 Futures Contract expiring 12/10/09 (Underlying notional amount at value $15,786,900)

      324      $ 954,276
     Notional
Amount at
Value		     Unrealized
Gain (Loss)

Swap Agreements

     

Equity Index Swap Agreement with Goldman Sachs International, based on the Nikkei 225 Stock Average

    $ (822,776 )    $ 33,262

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
UltraShort Japan ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2    Total

Description

         

Investment Securities:

         

Repurchase Agreements

    $ —      $ 6,528,000    $ 6,528,000

Options Purchased

      —        2,250      2,250
                    

Total Investment Securities

      —        6,530,250      6,530,250
                    

Other Financial Instruments^

      954,276      33,262      987,538
                    

Total Investments

    $ 954,276    $ 6,563,512    $ 7,517,788
                    

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Banks UltraSector ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks (63.2%)

      

Associated Banc-Corp (Banks)

      1,230    $ 15,756

Astoria Financial Corp. (Savings & Loans)

      984      9,820

BancorpSouth, Inc. (Banks)

      861      19,441

Bank of America Corp. (Banks)

      92,742      1,352,178

Bank of Hawaii Corp. (Banks)

      492      21,845

BB&T Corp. (Banks)

      7,257      173,515

BOK Financial Corp. (Banks)

      246      10,571

CapitalSource, Inc. (Diversified Financial Services)

      2,829      10,071

Capitol Federal Financial (Savings & Loans)

      246      7,461

Cathay Bancorp, Inc. (Banks)

      492      4,344

Citigroup, Inc. (Diversified Financial Services)

      162,852      666,065

City National Corp. (Banks)

      492      18,534

Comerica, Inc. (Banks)

      1,599      44,372

Commerce Bancshares, Inc. (Banks)

      738      28,310

Cullen/Frost Bankers, Inc. (Banks)

      615      28,776

East West Bancorp, Inc. (Banks)

      984      8,886

F.N.B. Corp. (Banks)

      1,230      8,708

Fifth Third Bancorp (Banks)

      8,487      75,874

First Financial Bankshares, Inc. (Banks)

      246      11,919

First Horizon National Corp.* (Banks)

      2,338      27,661

First Midwest Bancorp, Inc. (Banks)

      492      5,117

First Niagara Financial Group, Inc. (Savings & Loans)

      1,968      25,269

FirstMerit Corp. (Banks)

      861      16,316

Fulton Financial Corp. (Banks)

      1,845      15,240

Glacier Bancorp, Inc. (Banks)

      615      8,050

Hancock Holding Co. (Banks)

      246      8,922

Hudson City Bancorp, Inc. (Savings & Loans)

      5,166      67,881

Huntington Bancshares, Inc. (Banks)

      7,134      27,181

IBERIABANK Corp. (Banks)

      246      10,654

International Bancshares Corp. (Banks)

      615      9,133

J.P. Morgan Chase & Co. (Diversified Financial Services)

      42,189      1,762,235

KeyCorp (Banks)

      9,471      51,049

M&T Bank Corp. (Banks)

      738      46,383

Marshall & Ilsley Corp. (Banks)

      3,936      20,940

MB Financial, Inc. (Banks)

      369      6,598

National Penn Bancshares, Inc. (Banks)

      1,353      7,604

New York Community Bancorp (Savings & Loans)

      3,690      39,852

NewAlliance Bancshares, Inc. (Savings & Loans)

      1,107      12,266

Northern Trust Corp. (Banks)

      2,583      129,796

Old National Bancorp (Banks)

      738      7,653

PacWest Bancorp (Banks)

      246      4,177

Park National Corp. (Banks)

      123      7,144

People’s United Financial, Inc. (Banks)

      1,845      29,575

PNC Financial Services Group (Banks)

      4,920      240,785

Popular, Inc. (Banks)

      2,829      6,111

PrivateBancorp, Inc. (Banks)

      492      4,492

Prosperity Bancshares, Inc. (Banks)

      492      17,609

Provident Financial Services, Inc. (Savings & Loans)

      615      6,611

Regions Financial Corp. (Banks)

      12,792      61,913

Sterling Bancshares, Inc. (Banks)

      861      4,796

SunTrust Banks, Inc. (Banks)

      5,289      101,073

Susquehanna Bancshares, Inc. (Banks)

      861      4,744

SVB Financial Group* (Banks)

      369      15,221

Synovus Financial Corp. (Banks)

      4,551      10,103

TCF Financial Corp. (Banks)

      1,353      16,006

TFS Financial Corp. (Savings & Loans)

      984      11,473

TrustCo Bank Corp. NY (Banks)

      861      5,123

Trustmark Corp. (Banks)

      492      9,323

U.S. Bancorp (Banks)

      20,541      476,962

UMB Financial Corp. (Banks)

      369      14,675

Umpqua Holdings Corp. (Banks)

      861      8,532

United Bankshares, Inc. (Banks)

      492      8,782

Valley National Bancorp (Banks)

      1,476      19,601

Washington Federal, Inc. (Savings & Loans)

      1,230      21,094

Webster Financial Corp. (Banks)

      738      8,347

Wells Fargo & Co. (Banks)

      47,601      1,309,980

Westamerica Bancorp (Banks)

      369      17,638

Whitney Holding Corp. (Banks)

      738      5,926

Wilmington Trust Corp. (Banks)

      738      8,893

Wintrust Financial Corp. (Banks)

      246      6,940

Zions Bancorp (Banks)

      1,353      19,158
         

TOTAL COMMON STOCKS
(Cost $3,680,524)

         7,305,053
         
     Principal
Amount		     

Repurchase Agreements (46.7%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,650,003 (Collateralized by $1,596,600 U.S. Treasury Notes, 3.75%, 11/15/18, market value $1,683,290)

    $ 1,650,000      1,650,000

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $1,077,001 (Collateralized by $1,101,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $1,100,365)

     1,077,000      1,077,000

HSBC, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $2,031,003 (Collateralized by $1,952,000 of various Federal National Mortgage Association Securities, 4.38%–6.00%, 6/21/10-5/15/11, market value $2,100,442)

      2,031,000      2,031,000

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Banks UltraSector ProFund    October 31, 2009
(unaudited)   

 

     Principal
Amount		    Value  

Repurchase Agreements, continued

      

UMB, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $642,001 (Collateralized by $650,000 of various U.S. Treasury Securities, 1.13%–4.00%, 6/30/11-3/6/13, market value $660,492)

    $ 642,000    $ 642,000   
           

TOTAL REPURCHASE AGREEMENTS
(Cost $5,400,000)

         5,400,000   
           

TOTAL INVESTMENT SECURITIES
(Cost $9,080,524)—109.9%

         12,705,053   

Net other assets (liabilities) — (9.9)%

         (1,141,145 ) 
           

NET ASSETS — 100.0%

       $ 11,563,908   
           

 

*

Non-income producing security

+

All or a portion of this security is held in a segregated account for the benefit of swap counterparties in the event of default. As of October 31, 2009, the aggregate amount held in a segregated account was $2,900,000.

‡

Represents the effective yield or interest rate in effect at October 31, 2009.

 

     Notional
Amount at
Value 		   Unrealized
Gain (Loss)		  

Swap Agreements

      

Equity Index Swap Agreement with Goldman Sachs International, based on the Dow Jones U.S. Banks Index

    $ 3,803,357    $ (477,861 ) 

Equity Index Swap Agreement with UBS AG, based on the Dow Jones U.S. Banks Index

    $ 6,219,624    $ (517,782 ) 

Banks UltraSector ProFund invested in the following industries as of October 31, 2009:

 

     Value    % of
Net Assets		  

Banks

    $ 4,664,955    40.4 % 

Diversified Financial Services

      2,438,371    21.1 % 

Savings & Loans

      201,727    1.7 % 

Other**

      4,258,855    36.8 % 
             

Total

    $ 11,563,908    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 Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Banks UltraSector ProFund    October 31, 2009
(unaudited)   

 

Valuation Information

The following is a summary of the valuation inputs used to value the Fund’s investments at October 31, 2009. The inputs or methodology used for valuing investments may not be an indication of the risk associated with investing in those investments. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Note 2 to the Schedules of Portfolio Investments.

 

     LEVEL 1    LEVEL 2     Total  

Description

        

Investment Securities:

        

Common Stocks

    $ 7,305,053    $ —        $ 7,305,053   

Repurchase Agreements

      —        5,400,000        5,400,000   
                       

Total Investment Securities

      7,305,053      5,400,000        12,705,053   
                       

Other Financial Instruments^

      —        (995,643 )      (995,643 ) 
                       

Total Investments

    $ 7,305,053    $ 4,404,357      $ 11,709,410   
                       

 

^

Other financial instruments include any derivative instruments not reflected in the Schedule of Portfolio Investments as Investment Securities, such as futures contracts, forward contracts and swap agreements. These investments are generally recorded in the financial statements at the unrealized gain or loss in the investment.

 

See accompanying notes to the Schedules of Portfolio Investments.

PROFUNDS    Schedule of Portfolio Investments
Basic Materials UltraSector ProFund    October 31, 2009
(unaudited)   

 

     Shares    Value

Common Stocks (76.0%)

      

Air Products & Chemicals, Inc. (Chemicals)

      13,056    $ 1,007,009

Airgas, Inc. (Chemicals)

      4,608      204,411

AK Steel Holding Corp. (Iron/Steel)

      7,296      115,788

Albemarle Corp. (Chemicals)

      5,952      187,964

Alcoa, Inc. (Mining)

      64,320      798,854

Allegheny Technologies, Inc. (Iron/Steel)

      6,144      189,604

Alpha Natural Resources, Inc.* (Coal)

      10,368      352,201

Arch Coal, Inc. (Coal)

      10,752      232,888

Ashland, Inc. (Chemicals)

      4,416      152,529

Avery Dennison Corp. (Household Products/Wares)

      7,488      266,947

Cabot Corp. (Chemicals)

      3,264      71,580

Calgon Carbon Corp.* (Environmental Control)

      3,648      57,784

Carpenter Technology Corp. (Iron/Steel)

      2,880      60,566

Celanese Corp. - Series A (Chemicals)

      9,408      258,250

CF Industries Holdings, Inc. (Chemicals)

      3,648      303,696

Cliffs Natural Resources, Inc. (Iron/Steel)

      8,640      307,325

Coeur d’Alene Mines Corp.* (Mining)

      4,992      100,239

Commercial Metals Co. (Metal Fabricate/Hardware)

      7,488      111,122

Compass Minerals International, Inc. (Mining)

      2,112      131,620

CONSOL Energy, Inc. (Coal)

      11,904      509,610

Cytec Industries, Inc. (Chemicals)

      3,264      108,267

Domtar Corp.* (Forest Products & Paper)

      2,688      112,600

E.I. du Pont de Nemours & Co. (Chemicals)

      56,064      1,783,956

Eastman Chemical Co. (Chemicals)

      4,608      241,966

Ecolab, Inc. (Chemicals)

      15,552      683,666

FMC Corp. (Chemicals)

      4,800      245,280

Freeport-McMoRan Copper & Gold, Inc. - Class B* (Mining)

      27,264      2,000,087

Fuller (H.B.) Co. (Chemicals)

      3,264      62,375

Hecla Mining Co.* (Mining)

      15,552      63,919

Huntsman Corp. (Chemicals)

      10,752      85,478

International Flavors & Fragrances, Inc. (Chemicals)

      5,184      197,459

International Paper Co. (Forest Products & Paper)

      26,304      586,842

Intrepid Potash, Inc.* (Chemicals)

      2,880      74,189

Kaiser Aluminum Corp. (Mining)

      960      38,352

Lubrizol Corp. (Chemicals)

      4,416      293,929

Massey Energy Co. (Coal)

      5,568      161,973

Minerals Technologies, Inc. (Chemicals)

      1,152      56,748

NewMarket Corp. (Chemicals)

      768      71,808

Newmont Mining Corp. (Mining)

      31,488      1,368,468

Nucor Corp. (Iron/Steel)

      18,816      749,818

Olin Corp. (Chemicals)

      4,608      70,364

OM Group, Inc.* (Chemicals)

      2,112      57,066

Patriot Coal Corp.* (Coal)

      4,992      56,410

Peabody Energy Corp. (Coal)

      17,664      699,318

PPG Industries, Inc. (Chemicals)

      10,944      617,570

Praxair, Inc. (Chemicals)

      20,352      1,616,763

Reliance Steel & Aluminum Co. (Iron/Steel)

      4,224      154,092

Rockwood Holdings, Inc.* (Chemicals)

      3,264      64,888

Royal Gold, Inc. (Mining)

      2,688      118,729

RPM, Inc. (Chemicals)

      8,448      148,854

RTI International Metals, Inc.* (Mining)

      1,920      39,763

Schulman (A.), Inc. (Chemicals)

      1,536      26,680

Sensient Technologies Corp. (Chemicals)

      3,264      82,547

Sigma-Aldrich Corp. (Chemicals)

      6,912      358,940

Solutia, Inc.* (Chemicals)

      7,872      86,592

Southern Copper Corp. (Mining)

      14,016      441,504

Steel Dynamics, Inc. (Iron/Steel)

      14,208      190,245

Terra Industries, Inc. (Chemicals)

      6,528      207,395

The Dow Chemical Co. (Chemicals)

      75,648      1,776,215

The Mosaic Co. (Chemicals)

      9,792      457,580

Titanium Metals Corp. (Mining)

      5,568      47,885

Tredegar Corp. (Miscellaneous Manufacturing)

      1,536      20,936

United States Steel Corp. (Iron/Steel)

      9,408      324,482

USEC, Inc.* (Mining)

      7,488      28,904

Valspar Corp. (Chemicals)

      6,144      155,873

W.R. Grace & Co.* (Chemicals)

      4,032      88,260

Walter Energy, Inc. (Holding Companies - Diversified)

      3,456      202,176

Wausau-Mosinee Paper Corp. (Forest Products & Paper)

      3,264      28,625

Worthington Industries, Inc. (Metal Fabricate/Hardware)

      4,224      46,675
         

TOTAL COMMON STOCKS
(Cost $13,922,738)

         22,622,498
         
     Principal
Amount		     

Repurchase Agreements (47.8%)

      

Bank of America, 0.02%, 11/2/09+, dated 10/30/09, with a repurchase price of $4,347,007 (Collateralized by $4,206,100 U.S. Treasury Notes, 3.75%, 11/15/18, market value $4,434,477)

    $ 4,347,000      4,347,000

Deutsche Bank, 0.01%, 11/2/09+, dated 10/30/09, with a repurchase price of $2,841,002 (Collateralized by $2,901,000 Federal National Mortgage Association, 0.14%‡, 4/1/10, market value $2,899,328)

     2,841,000