{"id":726631,"date":"2023-01-27T16:33:05","date_gmt":"2023-01-27T21:33:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/profunds-announces-mutual-fund-and-vp-fund-share-splits-2\/"},"modified":"2023-01-27T16:33:05","modified_gmt":"2023-01-27T21:33:05","slug":"profunds-announces-mutual-fund-and-vp-fund-share-splits-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/profunds-announces-mutual-fund-and-vp-fund-share-splits-2\/","title":{"rendered":"ProFunds Announces Mutual Fund and VP Fund Share Splits"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignm { vertical-align: middle }\n.bwvertalignt { vertical-align: top }\n.bwwidth12 { width: 12% }\n.bwwidth16 { width: 16% }\n.bwwidth21 { width: 21% }\n.bwwidth22 { width: 22% }\n.bwwidth26 { width: 26% }\n.bwwidth27 { width: 27% }\n.bwwidth28 { width: 28% }\n.bwwidth29 { width: 29% }\n.bwwidth30 { width: 30% }\n.bwwidth33 { width: 33% }\n.bwwidth53 { width: 53% }\n.bwwidth65 { width: 65% }\n.bwwidth75 { width: 75% }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>ProFunds Announces Mutual Fund and VP Fund Share Splits<\/b><\/p>\n<p>BETHESDA, Md.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nProFunds, the premier provider of leveraged and inverse funds, announced today reverse splits for the ProFunds and VP fund listed below. The reverse splits will not change the total value of a shareholder\u2019s investment.\n<\/p>\n<p>\nProFunds will implement the reverse splits in two phases, on two separate dates.\n<\/p>\n<p><b>Reverse Splits \u2013 Phase One<\/b><\/p>\n<p>\nThe following three ProFunds will reverse split at the ratios indicated:\n<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth75\">\n<tr>\n<td class=\"bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwvertalignm bwwidth26\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Fund Name<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwalignc bwvertalignm bwpadl0 bwwidth30\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Investor Class<\/b><\/p>\n<p class=\"bwalignc bwcellpmargin\"><b>Ticker<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwalignc bwvertalignm bwpadl0 bwwidth28\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Service Class<\/b><\/p>\n<p class=\"bwalignc bwcellpmargin\"><b>Ticker<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwalignc bwvertalignm bwpadl0 bwwidth16\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Split Ratio<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth26\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nUltraChina\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth30\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nUGPIX\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth28\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nUGPSX\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth16\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n1:10\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth26\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nUltraShort Mid-Cap\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth30\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nUIPIX\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth28\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nUIPSX\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth16\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n1:10\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth26\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nShort Small-Cap\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth30\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nSHPIX\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth28\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nSHPSX\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth16\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n1:5\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nAll reverse splits in Phase One will apply to shareholders of record as of market close on March 3, 2023. The funds will trade at the post-split prices on March 6, 2023. The ticker symbols and CUSIP numbers for the funds will not change.\n<\/p>\n<p><b>Reverse Splits \u2013 Phase Two<\/b><\/p>\n<p>\nThe following two ProFunds will reverse split at the ratios indicated:\n<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth75\">\n<tr>\n<td class=\"bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwvertalignm bwwidth28\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Fund Name<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc bwvertalignm bwwidth29\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Investor Class<\/b><\/p>\n<p class=\"bwalignc bwcellpmargin\"><b>Ticker<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc bwvertalignm bwwidth27\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Service Class<\/b><\/p>\n<p class=\"bwalignc bwcellpmargin\"><b>Ticker<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc bwvertalignm bwwidth16\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Split Ratio<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth28\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nShort Nasdaq-100\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth29\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nSOPIX\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth27\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nSOPSX\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth16\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n1:5\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth28\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nUltraShort Nasdaq-100\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth29\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nUSPIX\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth27\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nUSPSX\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth16\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n1:5\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nThe following VP ProFund will reverse split at the ratio indicated:\n<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth65\">\n<tr>\n<td class=\"bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth53\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Fund Name<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth26\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Split Ratio<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth21\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>CUSIP<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth53\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nVP UltraShort Nasdaq-100\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth26\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n1:5\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth21\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n743185613\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nAll reverse splits in Phase Two will apply to shareholders of record as of market close on March 10, 2023. The funds will trade at the post-split prices on March 13, 2023. The ticker symbols and CUSIP numbers for the funds will not change.\n<\/p>\n<p>\nReverse splits increase the price per share of each fund with a proportionate decrease in the number of shares outstanding. For example, for a 1-for-5 reverse split, every five pre-split shares held by a shareholder will result in the receipt of one post-split share, which will be priced at five times the net NAV of a pre-split share. Thus, the total value of a shareholder\u2019s investment is not affected.\n<\/p>\n<p><b>Illustration of a Reverse Split<\/b><\/p>\n<p>\nThe following table shows an example of the effect of a hypothetical 1-for-5 split:\n<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth65\">\n<tr>\n<td class=\"bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc bwvertalignm bwwidth22\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b># of Shares Owned<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc bwvertalignm bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Hypothetical NAV<\/b><\/p>\n<p class=\"bwalignc bwcellpmargin\"><b>per Share<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc bwvertalignm bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Total Value of<\/b><\/p>\n<p class=\"bwalignc bwcellpmargin\"><b>Shares Held<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nPre-Split\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth22\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n1,000\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$6.00\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$6,000.00\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth12\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nPost-Split\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth22\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n200\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$30.00\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$6,000.00\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>About ProFunds<\/b><\/p>\n<p>\nFounded in 1997, ProFunds has 25 years of experience managing a diverse lineup of some of the most innovative funds in the financial industry and offers trading flexibility to all shareholders. In addition to broad-market index funds, ProFunds offers leveraged and inverse funds that track a variety of assets, including broad-market and sector-based domestic and international equity, fixed income, crypto, currency, CDS and other benchmarks. Together with ProShares, which launched the first U.S. leveraged and inverse exchange traded funds (ETFs) in 2006, ProFunds and its affiliates manage approximately $60 billion in assets for investors worldwide.\n<\/p>\n<p>\nGeared (leveraged or inverse) ProFunds seek daily returns that correspond to a multiple (e.g., 2x or -2x) of the daily return of an index or other benchmark, as measured from one NAV calculation to the next, before fees and expenses. ProFunds&#8217; returns over periods other than one day generally will differ from the fund multiple times the index return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should consider monitoring their ProFunds holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.profunds.com%2Fliterature&amp;esheet=53291984&amp;newsitemid=20230127005030&amp;lan=en-US&amp;anchor=prospectus&amp;index=1&amp;md5=ec5c2d93799da638c76195943dcb87dd\">prospectus<\/a>.\n<\/p>\n<p><strong>Investing involves risk, including the possible loss of principal. <\/strong>ProFunds are generally non-diversified, and each entails certain risks, which may include risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Short positions lose value as security prices increase. Narrowly focused investments typically exhibit higher volatility. Investments in smaller companies typically exhibit higher volatility. Smaller company stocks also may trade at greater spreads or lower trading volumes and may be less liquid than stocks of larger companies. Please see summary and full <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.profunds.com%2Fliterature&amp;esheet=53291984&amp;newsitemid=20230127005030&amp;lan=en-US&amp;anchor=prospectus&amp;index=2&amp;md5=8269c8c0d57b99541af1e4c507e12616\">prospectus<\/a> for a more complete description of risks. <strong>There is no guarantee any ProFunds fund will achieve its investment objective.<\/strong><\/p>\n<p><strong>Carefully consider the investment objectives, risks, charges and expenses of ProFunds before investing. This and other information can be found in their summary and full <\/strong><b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.profunds.com%2Fliterature&amp;esheet=53291984&amp;newsitemid=20230127005030&amp;lan=en-US&amp;anchor=prospectuses&amp;index=3&amp;md5=7e3aae7086108356e23cc6b66214faae\">prospectuses<\/a><\/b><strong>. Read them carefully before investing.<\/strong><\/p>\n<p>\nProFunds are distributed by ProFunds Distributors, Inc.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230127005030r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230127005030\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230127005030\/en\/<\/a><\/span><\/p>\n<p>\nMedia Contact<br \/>\n<br \/>Tucker Hewes, Hewes Communications, Inc., (212) 207-9451, <a rel=\"nofollow\" href=\"mailto:tucker@hewescomm.com\">tucker@hewescomm.com<\/a><\/p>\n<p>\nInvestor Contact<br \/>\n<br \/>(888) 776-3637, <a rel=\"nofollow\" href=\"mailto:info@profunds.com\">info@profunds.com<\/a><\/p>\n<p>\nFinancial Professional<br \/>\n<br \/>(888) 776-5717, <a rel=\"nofollow\" href=\"mailto:professionals@profunds.com\">professionals@profunds.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Maryland United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Asset Management Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230127005030\/en\/1697581\/3\/ProFunds.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>ProFunds Announces Mutual Fund and VP Fund Share Splits BETHESDA, Md.&#8211;(BUSINESS WIRE)&#8211; ProFunds, the premier provider of leveraged and inverse funds, announced today reverse splits for the ProFunds and VP fund listed below. The reverse splits will not change the total value of a shareholder\u2019s investment. ProFunds will implement the reverse splits in two phases, on two separate dates. Reverse Splits \u2013 Phase One The following three ProFunds will reverse split at the ratios indicated: Fund Name Investor Class Ticker Service Class Ticker Split Ratio UltraChina UGPIX UGPSX 1:10 UltraShort Mid-Cap UIPIX UIPSX 1:10 Short Small-Cap SHPIX SHPSX 1:5 All reverse splits in Phase One will apply to shareholders of record as of market close on March 3, 2023. The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/profunds-announces-mutual-fund-and-vp-fund-share-splits-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ProFunds Announces Mutual Fund and VP Fund Share Splits&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-726631","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ProFunds Announces Mutual Fund and VP Fund Share Splits - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/profunds-announces-mutual-fund-and-vp-fund-share-splits-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ProFunds Announces Mutual Fund and VP Fund Share Splits - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ProFunds Announces Mutual Fund and VP Fund Share Splits BETHESDA, Md.&#8211;(BUSINESS WIRE)&#8211; ProFunds, the premier provider of leveraged and inverse funds, announced today reverse splits for the ProFunds and VP fund listed below. The reverse splits will not change the total value of a shareholder\u2019s investment. ProFunds will implement the reverse splits in two phases, on two separate dates. Reverse Splits \u2013 Phase One The following three ProFunds will reverse split at the ratios indicated: Fund Name Investor Class Ticker Service Class Ticker Split Ratio UltraChina UGPIX UGPSX 1:10 UltraShort Mid-Cap UIPIX UIPSX 1:10 Short Small-Cap SHPIX SHPSX 1:5 All reverse splits in Phase One will apply to shareholders of record as of market close on March 3, 2023. 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