PROFUNDS
Europe 30 ProFund	UltraShort China ProFund
UltraChina ProFund	UltraShort Emerging Markets ProFund
UltraEmerging Markets ProFund	UltraShort International ProFund
UltraInternational ProFund	UltraShort Japan ProFund
UltraJapan ProFund	UltraShort Latin America ProFund

UltraLatin America ProFund

(each a "Fund" and, collectively, the "Funds")

Supplement dated March 16, 2023

to the Funds' Summary Prospectus, Statutory Prospectus and Statement of Additional Information

dated November 30, 2022, each as supplemented or amended

Scott Hanson no longer serves as portfolio manager of the Funds and has been replaced by Eric Silverthorne. The following changes to each Fund's summary prospectus, statutory prospectus and statement of additional information are effective immediately:

Summary Prospectus and Statutory Prospectus

The "Management" section in each Fund's summary section is deleted in its entirety and replaced with the following:

The Fund is advised by ProFund Advisors. Alexander Ilyasov, Senior Portfolio Manager, and Eric Silverthorne, Portfolio Manager, have jointly and primarily managed the Fund since August 2020 and March 2023, respectively.

The paragraph containing Scott Hanson's biography in the "Portfolio Management" section of the Statutory Prospectus is deleted in its entirety and replaced with the following:

Eric Silverthorne, ProShare Advisors: Portfolio Manager since March 2023, Associate Portfolio

Manager from February 2021 to March 2023. ProFund Advisors: Portfolio Manager since March 2023, Associate Portfolio Manager from February 2021 to March 2023 and October 2008 to November 2008 and Portfolio Analyst from May 2007 to October 2008.

Statement of Additional Information

Information about Scott Hanson in the "Portfolio Manager Ownership" and "Other Accounts Managed by Portfolio Managers" tables in the "PORTFOLIO MANAGEMENT" section of the SAI is deleted in its entirety and replaced with the following, respectively:

				Dollar Range of Equity
				Securities in the Funds			Aggregate Dollar Range of Equity
				Managed by the Portfolio			Securities in All Registered Investment
	Name of Portfolio Manager			Manager			Companies in the Fund Complex
	Eric Silverthorne			$0-$10,000				$0-$10,000
		Number of All
		Registered Investment			Number of All Other Pooled				Number of All Other
			Companies		Investment Vehicles				Accounts Managed/Total
Name of Portfolio Manager		Managed/Total Assets			Managed/Total Assets				Assets
Eric Silverthorne			0/$0			0/$0			0/$0
		For more information, please			contact the Fund at 1-888-776-3637.

Please retain this supplement for future reference.

	PROFUNDS
ProFund VP Asia 30	ProFund VP Japan
ProFund VP Emerging Markets	ProFund VP Short Emerging Markets
ProFund VP Europe 30	ProFund VP Short International
ProFund VP International

(each a "Fund" and, collectively, the "Funds")

Supplement dated March 16, 2023

to the Funds' Summary Prospectus, Statutory Prospectus and Statement of Additional Information

dated May 1, 2022, each as supplemented or amended

Scott Hanson no longer serves as portfolio manager of the Funds and has been replaced by Eric Silverthorne. The following changes to each Fund's summary prospectus, statutory prospectus and statement of additional information are effective immediately:

Summary Prospectus and Statutory Prospectus

The "Management" section in each Fund's summary section is deleted in its entirety and replaced with the following:

The Fund is advised by ProFund Advisors. Alexander Ilyasov, Senior Portfolio Manager, and Eric Silverthorne, Portfolio Manager, have jointly and primarily managed the Fund since August 2020 and March 2023, respectively.

The paragraph containing Scott Hanson's biography in the "Portfolio Management" section of the Statutory Prospectus is deleted in its entirety and replaced with the following:

Eric Silverthorne, ProShare Advisors: Portfolio Manager since March 2023, Associate Portfolio

Manager from February 2021 to March 2023. ProFund Advisors: Portfolio Manager since March 2023, Associate Portfolio Manager from February 2021 to March 2023 and October 2008 to November 2008 and Portfolio Analyst from May 2007 to October 2008.

Statement of Additional Information

Information about Scott Hanson in the "Portfolio Manager Ownership" and "Other Accounts Managed by Portfolio Managers" tables in the "PORTFOLIO MANAGEMENT" section of the SAI is deleted in its entirety and replaced with the following, respectively:

			Dollar Range of Equity			Aggregate Dollar Range of
			Securities in the Funds			Equity Securities in All
			Managed by the Portfolio			Registered Investment
	Name of Portfolio Manager				Manager	Companies in the Fund Complex
	Eric Silverthorne			$0-$10,000			$0-$10,000
		Number of All			Number of All Other
		Registered Investment			Pooled Investment		Number of All Other
		Companies			Vehicles Managed/Total		Accounts Managed/Total
Name of Portfolio Manager		Managed/Total Assets			Assets		Assets
Eric Silverthorne		0/$0			0/$0		0/$0

For more information, please contact the Fund at 1-888-776-3637.

Please retain this supplement for future reference.