Short Bitcoin Strategy ProFund — new fund registration

ProFunds registered 1 new fund series on Form 485APOS, filed 2022-04-05. Featured series: Short Bitcoin Strategy ProFund.

Registration

Registrant / trust: ProFunds
CIK: 0001039803
Form: 485APOS
Filed: 2022-04-05
State of incorporation: DE
Accession: 0001683863-22-002921
Reported net assets: $2.1M

Series & classes (3)

Series	Class	Ticker	New
Short Bitcoin Strategy ProFund	Service Class	—	Yes
Short Bitcoin Strategy ProFund	Class A	—	Yes
Short Bitcoin Strategy ProFund	Investor Class	BITIX	Yes

Fees (from the effective prospectus)

Gross expense ratio: 5.92%
Management fee: 0.45%
Net expense ratio: 1.16%
Other expenses: 5.47%

Investment objective

Short Bitcoin ProFund (the Fund) seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Bloomberg Bitcoin Index (the Index). In this manner, the Fund seeks daily returns that correspond to the inverse (-1x) of the price of bitcoin. The Fund does not directly short bitcoin .

Advisers

ProFund Advisors LLC (Advisor)