Bitcoin Strategy ProFund — new fund registration

PROFUNDS registered 1 new fund series on Form 485APOS, filed 2021-05-14. Featured series: Bitcoin Strategy ProFund.

Registration

Registrant / trust: PROFUNDS
CIK: 0001039803
Form: 485APOS
Filed: 2021-05-14
State of incorporation: DE
Accession: 0001683863-21-003635
Reported net assets: $401.3M

Series & classes (2)

Series	Class	Ticker	New
Bitcoin Strategy ProFund	Service Class	—	Yes
Bitcoin Strategy ProFund	Investor Class	BTCFX	Yes

Fees (from the effective prospectus)

Gross expense ratio: 1.20%
Management fee: 0.45%
Net expense ratio: 1.18%
Other expenses: 0.75%

Investment objective

Bitcoin ProFund (the Fund) seeks investment results, before fees and expenses, that correspond to the performance of bitcoin. The Fund currently seeks to achieve this objective primarily through investments in bitcoin futures contracts. The Fund does not invest directly in bitcoin .

Advisers

ProFund Advisors LLC (Advisor)