# EDGAR Filing Document

**Accession Number:** 0001039803
**File Stem:** 0001752724-23-041199
**Filing Date:** 2023-2
**Character Count:** 25726
**Document Hash:** 739671aec65f1c0286dfa1b16135caee
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041199.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041199

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08239
- **FILM NUMBER:** 23670992

**BUSINESS ADDRESS:**
- **STREET 1:** 7272 WISCONSIN AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814
- **BUSINESS PHONE:** 2404976428

**MAIL ADDRESS:**
- **STREET 1:** 7272 WISCONSIN AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PROFUNDS
- **DATE OF NAME CHANGE:** 19970521

## Series and Classes Contracts Data

### PROFUND VP EMERGING MARKETS (Series ID: S000008851)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000024086 | PROFUND VP EMERGING MARKETS |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ProFunds

- **b. Investment Company Act file number:** 811-08239

- **c. CIK number of Registrant:** 0001039803

- **d. LEI of Registrant:** 549300HM4OOUYSE5DP77

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 7272 Wisconsin Avenue

  - **City:** Bethesda

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20814

  - **Telephone number:** 240-497-6400

**Item A.2. Information about the Series.**

- **a. Name of Series:** ProFund VP Emerging Markets

- **b. EDGAR series identifier (if any):** S000008851

- **c. LEI of Series:** F8D3IMEJWAML2XWDBK13

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $19502201.04

**Total Liabilities:** $746420.98

**Net Assets:** $18755780.06

**Cash Not Reported:** $949.01

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000024086 | -6.13%               | 21.92%               | -4.90%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-844154.72                                |
| Month 2  | $0.86                    | $2802208.95                                |
| Month 3  | $-127555.20              | $-716592.45                                |

**Designated Index Information**

- **Index Name:** S&P Emerging 50 ADR Index

- **Index Identifier:** BKTEM

### Schedule of Portfolio Investments

| Name                                                           | Title                                                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SIBANYE STILLWATER LIMITED                                     | SIBANYE STILLWATER LTD ADR                                               | CUSIP: 82575P107<br>LEI: 378900F238434B74D281 | Long             |  | CORP              | ZA        |      8920 | NS      | $95087.20     | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| SOCIETE GENERALE                                               | SOCIETE GENERALE                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |   1019000 | PA      | $1019000.00   | 5.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bradesco S.A.                                            | BANCO BRADESCO S A                                                       | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             |  | CORP              | BR        |     67069 | NS      | $193158.72    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLOGOLD ASHANTI LTD                                          | ANGLOGOLD ASHANTI LIMITED SPONSORED ADR                                  | CUSIP: 035128206<br>LEI: 378900EF3BA9A5F42A59 | Long             |  | CORP              | ZA        |      5276 | NS      | $102459.92    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                         | CANADIAN IMPERIAL BANK                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |    140000 | PA      | $140000.00    | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP | CIA DE SANEAMENTO BASICO DO ESTADO DE SAO                                | CUSIP: 20441A102<br>LEI: 254900UOXRZRS2TNWP19 | Long             |  | CORP              | BR        |      4308 | NS      | $45923.28     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SHINHAN FINANCIAL GROUP CO.,LTD                                | SHINHAN FINANCIAL GROUP CO LTD SPONSORED ADR                             | CUSIP: 824596100<br>LEI: 988400EB8A6G49E5KO54 | Long             |  | CORP              | KR        |      6466 | NS      | $180595.38    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BAIDU, INC.                                                    | BAIDU INC ADR                                                            | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             |  | CORP              | KY        |      3475 | NS      | $397470.50    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P EMERGING 50 ADR INDEX (USD)                                | TOTAL RETURN SWAP AGREEMENT BASED ON THE S&P EMERGING 50 ADR INDEX (USD) | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       606 | OU      | $-16463.34    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                   | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD                           | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             |  | CORP              | TW        |     41596 | NS      | $3098486.04   | 16.52%            |  |  |  | No            |                  1 | On Loan: No      |
| TATA MOTORS LIMITED                                            | TATA MOTORS LTD ADR                                                      | CUSIP: 876568502<br>LEI: 335800BO2LHWJJ8TZI32 | Long             |  | CORP              | IN        |      4438 | NS      | $102562.18    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ZTO EXPRESS (CAYMAN) INC.                                      | ZTO EXPRESS CAYMAN INC ADR                                               | CUSIP: 98980A105<br>LEI: 549300SCJPK3YZJTJR78 | Long             |  | CORP              | KY        |      5244 | NS      | $140906.28    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Limited                                            | GOLD FIELDS LIMITED SPONSORED ADR                                        | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             |  | CORP              | ZA        |     11237 | NS      | $116302.95    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NIO INC.                                                       | NIO INC                                                                  | CUSIP: 62914V106<br>LEI: 549300JBU4TV5OCKJV96 | Long             |  | CORP              | KY        |     17905 | NS      | $174573.75    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LIMITED                                  | ALIBABA GROUP HOLDING LTD ADR                                            | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             |  | CORP              | KY        |     23800 | NS      | $2096542.00   | 11.18%            |  |  |  | No            |                  1 | On Loan: No      |
| AMBEV S.A.                                                     | AMBEV SA ADR                                                             | CUSIP: 02319V103<br>LEI: 549300TH5Q6VRP8OT012 | Long             |  | CORP              | BR        |     55597 | NS      | $151223.84    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| NETEASE, INC.                                                  | NETEASE INC ADR                                                          | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             |  | CORP              | KY        |      4617 | NS      | $335332.71    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrais Eletricas Brasileiras S.A.                            | CENTRAIS ELETRICAS BRASILEIRAS S A                                       | CUSIP: 15234Q207<br>LEI: 254900I8KYDELP4B4Z08 | Long             |  | CORP              | BR        |     16052 | NS      | $127292.36    | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| SUZANO S.A.                                                    | SUZANO PAPEL E CLULO SP ADR                                              | CUSIP: 86959K105<br>LEI: 391200AW174YQSDMGG41 | Long             |  | CORP              | BR        |      9953 | NS      | $91965.72     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Sureste, S.A.B. de C.V.                | GRUPO AEROPORTUARIO SURESTE SAB DE CV ADR                                | CUSIP: 40051E202<br>LEI: 5299001W7JIDXCUOUC82 | Long             |  | CORP              | MX        |       238 | NS      | $55451.62     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL BANK OF CANADA                                           | ROYAL BANK OF CANADA                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |    498000 | PA      | $498000.00    | 2.66%             |  |  |  | No            |                  2 | On Loan: No      |
| AGPXX                                                          | Invesco Government & Agency Portfolio                                    | CUSIP: 825252885<br>LEI: N/A                  | N/A              | STIV             | RF                | US        |    695235 | NS      | $695235.25    | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| GERDAU S.A.                                                    | GERDAU SA                                                                | CUSIP: 373737105<br>LEI: 254900YDV6SEQQPZVG24 | Long             |  | CORP              | BR        |     13053 | NS      | $72313.62     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Sociedad Quimica y Minera de Chile S.A.                        | SOCIEDAD QUIMICA Y MINERA DE CHILE SA                                    | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             |  | CORP              | CL        |      1800 | NS      | $143712.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CEMEX, S.A.B. de C.V.                                          | CEMEX SAB DE C V                                                         | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             |  | CORP              | MX        |     19084 | NS      | $77290.20     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano, S.A.B. de C.V.                     | FOMENTO ECONOMICO MEXICO SPONSORED ADR                                   | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             |  | CORP              | MX        |      2316 | NS      | $180925.92    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ASE Technology Holding Co., Ltd.                               | ASE INDUSTRIAL HOLDING COMPANY ADR                                       | CUSIP: 00215W100<br>LEI: 300300GO8QHPMV87NZ73 | Long             |  | CORP              | TW        |     21457 | NS      | $134535.39    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.                 | NEW ORIENTAL EDUCATION TECHNOLOGY GROUP INC                              | CUSIP: 647581206<br>LEI: 529900NHZVBZQZ8EKN29 | Long             |  | CORP              | KY        |      1883 | NS      | $65566.06     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| INFOSYS LIMITED                                                | INFOSYS TECH SP ADR                                                      | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             |  | CORP              | IN        |     45070 | NS      | $811710.70    | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.COM, INC.                                                   | JD COM INC ADR                                                           | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             |  | CORP              | KY        |     12688 | NS      | $712177.44    | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED MICROELECTRONICS CORP.                                  | UNITED MICROELECTRONICS CORP                                             | CUSIP: 910873405<br>LEI: 391200YJCAGH9LF96P73 | Long             |  | CORP              | TW        |     29269 | NS      | $191126.57    | 1.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Grupo Aeroportuario del Pacifico, S.A.B. de C.V.               | GRUPO AEROPORTUARIO DEL PACIFICO SA DE CV                                | CUSIP: 400506101<br>LEI: 4469000001BZ368XFI90 | Long             |  | CORP              | MX        |       457 | NS      | $65721.17     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB FINANCIAL CORP                                             | UMB FINANCIAL CORP                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |    115000 | PA      | $115000.00    | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| POSCO Holdings Inc.                                            | POSCO MANUFACURES                                                        | CUSIP: 693483109<br>LEI: 988400E5HRVX81AYLM04 | Long             |  | CORP              | KR        |      3710 | NS      | $202083.70    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC BANK LIMITED                                              | HDFC BANK LTD ADR                                                        | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             |  | CORP              | IN        |     16928 | NS      | $1158044.48   | 6.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro S.A. (Petrobras)                           | PETROLEO BRASILEIRO S A ADR                                              | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             |  | CORP              | BR        |     23456 | NS      | $249806.40    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco de Chile                                                 | BANCO DE CHILE ADR                                                       | CUSIP: 059520106<br>LEI: 8B4EZFY8IHJC44TT2K84 | Long             |  | CORP              | CL        |      2738 | NS      | $57005.16     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| VALE S.A.                                                      | COMPANHIA VALE DO RIO DOCE ADR                                           | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             |  | CORP              | BR        |     45877 | NS      | $778532.69    | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ke Holdings Inc                                                | KE HOLDINGS INC                                                          | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             |  | CORP              | KY        |      8555 | NS      | $119427.80    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| DR.REDDY'S LABORATORIES LTD                                    | DOCTOR REDDY S LAB ADR                                                   | CUSIP: 256135203<br>LEI: 335800OVDPY3DVZR2798 | Long             |  | CORP              | IN        |      1532 | NS      | $79281.00     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| America Movil, S.A.B. de C.V.                                  | AMERICA MOVIL S A DE C V                                                 | CUSIP: 02364W105<br>LEI: 5493000FNR3UCEAONM59 | Long             |  | CORP              | MX        |     12045 | NS      | $219219.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Telkom Indonesia (Persero) Tbk                              | PT TELEKOMUNIKASI INDONESIA SPONSORED ADR                                | CUSIP: 715684106<br>LEI: 529900M5SQZAOKV1PC81 | Long             |  | CORP              | ID        |      5995 | NS      | $142980.75    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Chunghwa Telecom Co., Ltd.                                     | CHUNGHWA TELECOM CO LIMITED ADR                                          | CUSIP: 17133Q502<br>LEI: N/A                  | Long             |  | CORP              | TW        |      4792 | NS      | $175339.28    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group Inc.                                        | KB FINANCIAL GROUP INC ADR                                               | CUSIP: 48241A105<br>LEI: 529900TKE4MXG3Q6GW86 | Long             |  | CORP              | KR        |      4846 | NS      | $187346.36    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KOREA ELECTRIC POWER CORPORATION                               | KOREA ELECTRIC POWER ADR                                                 | CUSIP: 500631106<br>LEI: 988400QG33WS7JEIV602 | Long             |  | CORP              | KR        |      6475 | NS      | $55944.00     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| PINDUODUO INC.                                                 | PINDUODUO INC                                                            | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             |  | CORP              | KY        |      6855 | NS      | $559025.25    | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro S.A. (Petrobras)                           | PETROLEO BRASILEIRO S A                                                  | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             |  | CORP              | BR        |     28956 | NS      | $269001.24    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SASOL LIMITED                                                  | SASOL LTD SPONSORED ADR                                                  | CUSIP: 803866300<br>LEI: 378900F4544561A97588 | Long             |  | CORP              | ZA        |      7357 | NS      | $115578.47    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding S.A.                                     | ITAU UNIBANCO HOLDING SA ADR                                             | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             |  | CORP              | BR        |     61091 | NS      | $287738.61    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Woori Financial Group Inc.                                     | WOORI FINANCIAL GROUP INC                                                | CUSIP: 981064108<br>LEI: N/A                  | Long             |  | CORP              | KR        |      2723 | NS      | $74964.19     | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| ICICI BANK LIMITED                                             | ICICI BANK LTD ADR                                                       | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             |  | CORP              | IN        |     32521 | NS      | $711884.69    | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Beigene Ltd                                                    | BEIGENE LTD ADR                                                          | CUSIP: 07725L102<br>LEI: 549300JFUK6FRD5MH739 | Long             |  | CORP              | KY        |       824 | NS      | $181230.56    | 0.97%             |  |  |  | No            |                  1 | On Loan: —       |
| CREDIT AGRICOLE CIB NY                                         | CREDIT AGRICOLE CIB NY                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |    768000 | PA      | $768000.00    | 4.09%             |  |  |  | No            |                  2 | On Loan: No      |
| WIPRO LIMITED                                                  | WIPRO LTD ADR                                                            | CUSIP: 97651M109<br>LEI: 335800IFS1IJHESG8362 | Long             |  | CORP              | IN        |     18673 | NS      | $87016.18     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P EMERGING 50 ADR INDEX (USD)                                | TOTAL RETURN SWAP AGREEMENT BASED ON THE S&P EMERGING 50 ADR INDEX (USD) | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       525 | OU      | $-11477.69    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA INC                                        | HSBC SECURITIES USA INC                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |    176000 | PA      | $176000.00    | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| H World Group Limited                                          | H WORLD GROUP LTD                                                        | CUSIP: 44332N106<br>LEI: 549300Y5ML31FVN83730 | Long             |  | CORP              | KY        |      1785 | NS      | $75719.70     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SK TELECOM CO.,LTD                                             | SK TELECOM CO LTD                                                        | CUSIP: 78440P306<br>LEI: 9884003WEA1PHW006037 | Long             |  | CORP              | KR        |      2433 | NS      | $50095.47     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIP.COM GROUP LIMITED                                         | TRIP COM GROUP LTD                                                       | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             |  | CORP              | KY        |      6715 | NS      | $230996.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** ProFunds

**Signature:** Denise Lewis

**Name of Signer:** Denise Lewis

**Title:** Treasurer and Principal Financial Officer