# EDGAR Filing Document

**Accession Number:** 0001039803
**File Stem:** 0000910472-26-006901
**Filing Date:** 2026-5
**Character Count:** 721246
**Document Hash:** 5dadf87a251a8adff55eb80a5b755816
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-006901.hdr.sgml**: 20260520

**ACCESSION NUMBER**: 0000910472-26-006901

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260520

**DATE AS OF CHANGE**: 20260520

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ProFunds
- **CENTRAL INDEX KEY:** 0001039803

**ORGANIZATION NAME:**
- **EIN:** 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:** 261001415

**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 |  |

## Nport-Ex

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

Access

VP

High

Yield

m

Repurchase

Agreements

(a) (90

.5

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$7,881,769

$

7,881,000

$

7,881,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$7,881,000)

7,881,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$7,881,000)— 90.5%

$

7,881,000

Net

other

assets

(liabilities)

—

.5

%

831,119

NET

ASSETS

—

100.0%

$

8,712,119

(a) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

Goldman

Sachs

International

4/23/26

2.64%

$

6,471,882

$

19,399

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

UBS

AG

4/23/26

3.64%

2,191,378

(15,861)

$8,663,260

$3,538

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Asia

Common

Stocks

(100

.1

%)

Shares

Value

Alibaba

Group

Holding,

Ltd.

ADR

(Broadline

Retail)

4,692

$

588,658

ASE

Technology

Holding

Co.,

Ltd.

ADR

(Semiconductors

&

Semiconductor

Equipment)

75,128

1,628,775

Baidu,

Inc.

\*ADR

(Interactive

Media

&

Services)

5,108

569,134

BHP

Group,

Ltd.

ADR(a)

(Metals

&

Mining)

17,104

1,244,145

Bilibili,

Inc.

\*ADR(a)

(Entertainment)

22,746

513,150

DiDi

Global,

Inc.

\*ADR

(Ground

Transportation)

110,881

455,721

Full

Truck

Alliance

Co.,

Ltd.

ADR

(Ground

Transportation)

51,372

426,388

Futu

Holdings,

Ltd.

\*ADR

(Capital

Markets)

3,623

495,481

HDFC

Bank,

Ltd.

ADR

(Banks)

31,714

789,045

ICICI

Bank,

Ltd.

ADR

(Banks)

29,576

766,018

Infosys,

Ltd.

ADR(a)

(IT

Services)

42,939

580,106

iQIYI,

Inc.

\*ADR

(Entertainment)

271,649

366,726

JD.com,

Inc.

ADR

(Broadline

Retail)

20,608

609,379

Kanzhun,

Ltd.

\*ADR

(Interactive

Media

&

Services)

27,201

364,221

KE

Holdings,

Inc.

ADR(a)

(Real

Estate

Management

&

Development)

37,000

553,890

Li

Auto,

Inc.

\*ADR(a)

(Automobiles)

22,390

399,214

NetEase,

Inc.

ADR

(Entertainment)

5,820

651,491

New

Oriental

Education

&

Technology

Group,

Inc.

\*ADR

(Diversified

Consumer

Services)

9,918

561,656

NIO,

Inc.

\*ADR

(Automobiles)

70,377

424,373

Pony

AI,

Inc.

\*ADR(a)

(Software)

37,297

352,084

Qifu

Technology,

Inc.

ADR

(Consumer

Finance)

27,201

351,165

Sea,

Ltd.

\*ADR

(Entertainment)

4,632

383,576

Taiwan

Semiconductor

Manufacturing

Co.,

Ltd.

ADR

(Semiconductors

&

Semiconductor

Equipment)

5,404

1,826,281

Tencent

Music

Entertainment

Group

\*ADR

(Entertainment)

34,862

323,519

Trip.com

Group,

Ltd.

\*ADR

(Hotels,

Restaurants

&

Leisure)

9,562

476,092

United

Microelectronics

Corp.

ADR(a)

(Semiconductors

&

Semiconductor

Equipment)

74,118

665,580

Up

Fintech

Holding,

Ltd.

\*ADR

(Capital

Markets)

55,589

350,211

WeRide,

Inc.

\*ADR(a)

(Auto

Components)

44,067

356,502

XPeng,

Inc.

\*ADR(a)

(Automobiles)

27,794

475,555

ZTO

Express

Cayman,

Inc.

\*ADR

(Air

Freight

&

Logistics)

27,438

690,614

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $11,763,719)

18,238,750

Collateral

for

Securities

Loaned

(b) (23

.7

%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 3.67%

(c) 4,310,846

4,310,846

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $4,310,846)

4,310,846

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$16,074,565)— 123.8%

22,549,596

Net

other

assets

(liabilities)

—

(23

.8)

%

(4,331,259)

NET

ASSETS

—

100.0%

$

18,218,337

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

March

31,

2026. The

total

value

of

securities

on

loan

as

of

March

31,

2026

was

$4,336,476.

(b) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

March

31,

2026. (c) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

March

31,

2026. ADR

American

Depositary

Receipt

ProFund

VP

Asia

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Air

Freight

&

Logistics

$

690,614

3.8%

Auto

Components

356,502

2.0%

Automobiles

1,299,142

7.2%

Banks

1,555,063

8.5%

Broadline

Retail

1,198,037

6.6%

Capital

Markets

845,692

4.6%

Consumer

Finance

351,165

1.9%

Diversified

Consumer

Services

561,656

3.1%

Entertainment

2,238,462

12.4%

Ground

Transportation

882,109

4.8%

Hotels,

Restaurants

&

Leisure

476,092

2.6%

Interactive

Media

&

Services

933,355

5.1%

IT

Services

580,106

3.2%

Metals

&

Mining

1,244,145

6.8%

Real

Estate

Management

&

Development

553,890

3.0%

Semiconductors

&

Semiconductor

Equipment

4,120,636

22.6%

Software

352,084

1.9%

Other

\*\*

(20,413)

(0.1)%

Total

$

18,218,337

100.0%

ProFund

VP

Asia

invested

in

securities

with

exposure

to

the

following

countries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Australia

$

1,244,145

6.8%

China

9,859,743

54.2%

Hong

Kong

495,481

2.7%

India

2,135,169

11.7%

Singapore

383,576

2.1%

Taiwan

4,120,636

22.6%

Other

\*\*

(20,413)

(0

.1)

%

Total

$

18,218,337

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Banks

Common

Stocks

(96

.8

%)

Shares

Value

Ameris

Bancorp

(Banks)

511

$

39,853

Apollo

Global

Management,

Inc.

(Financial

Services)

40,557

Associated

Banc-Corp.

(Banks)

1,557

40,264

Atlantic

Union

Bankshares

Corp.

(Banks)

1,106

39,528

Axos

Financial,

Inc.

\*

(Banks)

38,205

Banc

of

California,

Inc.

(Banks)

2,300

40,434

BancFirst

Corp.

(Banks)

36,348

Bank

of

America

Corp.

(Banks)

795

38,756

Bank

of

Hawaii

Corp.

(Banks)

522

38,759

Bank

OZK

(Banks)

878

40,291

BankUnited,

Inc.

(Banks)

879

39,696

Banner

Corp.

(Banks)

654

39,685

Beacon

Financial

Corporation

(Banks)

1,351

40,530

BOK

Financial

Corp.

\*

(Banks)

39,442

Cathay

General

Bancorp

(Banks)

808

40,287

Citigroup,

Inc.

(Banks)

40,034

Citizens

Financial

Group,

Inc.

(Banks)

660

39,580

Columbia

Banking

System,

Inc.

(Banks)

1,442

39,554

Commerce

Bancshares,

Inc.

(Banks)

799

39,311

Community

Financial

System,

Inc.

(Banks)

670

39,296

Corebridge

Financial,

Inc

(Financial

Services)

1,644

39,226

Cullen/Frost

Bankers,

Inc.

(Banks)

39,616

Customers

Bancorp,

Inc.

\*

(Banks)

579

40,188

CVB

Financial

Corp.

(Banks)

2,052

39,788

East

West

Bancorp,

Inc.

(Banks)

38,967

Eastern

Bankshares,

Inc.

(Banks)

2,035

39,805

Enterprise

Financial

Services

Corp.

(Banks)

513

27,758

Equitable

Holdings,

Inc.

(Financial

Services)

1,009

37,444

Essent

Group,

Ltd.

(Financial

Services)

671

39,213

F.N.B.

Corp.

(Banks)

2,379

39,777

FB

Financial

Corp.

(Banks)

746

38,747

Fifth

Third

Bancorp

(Banks)

857

39,816

First

Bancorp

(Banks)

1,907

40,735

First

Bancorp

(Banks)

620

34,937

First

Busey

Corp.

(Banks)

1,302

32,902

First

Citizens

BancShares,

Inc.

\*

-

Class

A

(Banks)

39,578

First

Financial

Bancorp

\*

(Banks)

1,432

39,924

First

Financial

Bankshares,

Inc.

(Banks)

1,292

38,049

First

Hawaiian,

Inc.

(Banks)

1,607

39,596

First

Horizon

Corp.

(Banks)

1,709

38,887

First

Interstate

BancSystem,

Inc.

-

Class

A

(Banks)

1,143

38,176

First

Merchants

Corp.

(Banks)

919

35,593

Fulton

Financial

Corp.

(Banks)

1,936

39,378

Glacier

Bancorp,

Inc.

(Banks)

860

38,416

Hancock

Whitney

Corp.

(Banks)

617

39,235

Hilltop

Holdings,

Inc.

\*

(Banks)

1,077

38,578

Home

BancShares,

Inc.

(Banks)

1,466

39,479

Huntington

Bancshares,

Inc.

(Banks)

2,468

38,624

Independent

Bank

Corp.

(Banks)

512

38,508

International

Bancshares

Corp.

(Banks)

576

38,759

Jackson

Financial,

Inc.

-

Class

A

(Financial

Services)

38,059

JPMorgan

Chase

&

Co.

(Banks)

39,417

KeyCorp

(Banks)

1,964

39,378

Lakeland

Financial

Corp.

(Banks)

27,256

M&T

Bank

Corp.

(Banks)

39,277

MGIC

Investment

Corp.

(Financial

Services)

1,491

39,139

NBT

Bancorp,

Inc.

(Banks)

605

25,761

New

York

Community

Bancorp,

Inc.

(Banks)

3,118

41,065

Nicolet

Bankshares,

Inc.

(Banks)

38,047

NMI

Holdings,

Inc.

\*

-

Class

A

(Financial

Services)

1,042

39,085

Northern

Trust

Corp.

(Capital

Markets)

38,242

OFG

Bancorp

(Banks)

792

32,044

Common

Stocks,

continued

Shares

Value

Old

National

Bancorp

(Banks)

1,764

$

38,984

Park

National

Corp.

(Banks)

28,931

Pathward

Financial,

Inc.

(Banks)

38,637

PennyMac

Financial

Services,

Inc.

(Financial

Services)

38,456

Pinnacle

Financial

Partners,

Inc.

(Banks)

39,021

PNC

Financial

Services

Group,

Inc.

(Banks)

39,121

Popular,

Inc.

(Banks)

40,251

Prosperity

Bancshares,

Inc.

(Banks)

586

39,367

Provident

Financial

Services,

Inc.

(Banks)

1,881

39,802

Radian

Group,

Inc.

(Financial

Services)

1,183

39,134

Regions

Financial

Corp.

(Banks)

1,473

38,475

Renasant

Corp.

(Banks)

1,064

38,442

Rocket

Cos,

Inc.

\*

-

Class

A

(Financial

Services)

2,548

36,309

Seacoast

Banking

Corp.

of

Florida

(Banks)

1,262

38,226

ServisFirst

Bancshares,

Inc.

(Banks)

521

37,944

Simmons

First

National

Corp.

-

Class

A

(Banks)

2,020

39,289

SouthState

Bank

Corp.

(Banks)

38,951

Stock

Yards

Bancorp,

Inc.

(Banks)

25,124

Texas

Capital

Bancshares,

Inc.

\*

(Banks)

40,229

The

Bancorp,

Inc.

\*

(Banks)

732

39,330

The

Bank

of

New

York

Mellon

Corp.

(Capital

Markets)

39,148

Triumph

Financial,

Inc.

\*

(Banks)

676

40,330

Truist

Financial

Corp.

(Banks)

845

38,845

Trustmark

Corp.

(Banks)

839

35,355

U.S.

Bancorp

(Banks)

739

38,435

UMB

Financial

Corp.

(Banks)

38,913

United

Bankshares,

Inc.

(Banks)

979

40,550

United

Community

Banks,

Inc.

(Banks)

1,267

39,898

Valley

National

Bancorp

(Banks)

3,235

39,726

Voya

Financial,

Inc.

(Financial

Services)

582

39,762

Walker

&

Dunlop,

Inc.

(Financial

Services)

818

36,303

Washington

Federal,

Inc.

(Banks)

1,259

39,533

Webster

Financial

Corp.

(Banks)

561

38,945

Wells

Fargo

&

Co.

(Banks)

502

39,964

WesBanco,

Inc.

(Banks)

1,165

40,181

Western

Alliance

Bancorp

(Banks)

555

39,322

Wintrust

Financial

Corp.

(Banks)

39,876

WSFS

Financial

Corp.

(Banks)

617

40,389

Zions

Bancorp

N.A.

(Banks)

704

40,564

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $2,300,378)

3,876,941

Repurchase

Agreements

(a) (2

.3

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$91,009

$

91,000

91,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$91,000)

91,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$2,391,378)— 99.1%

3,967,941

Net

other

assets

(liabilities)

—

.9

%

34,993

NET

ASSETS

—

100.0%

$

4,002,934

\*

Non-income

producing

security.

(a) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Long

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Banks

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

Banks

Select

Industry

Index

Goldman

Sachs

International

4/23/26

4.39%

$

114,759

$

1,989

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

ProFund

VP

Banks

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Banks

$

3,336,864

83.3%

Capital

Markets

77,390

1.9%

Financial

Services

462,687

11.6%

Other

\*\*

125,993

3.2%

Total

$

4,002,934

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Bear

Repurchase

Agreements

(a) (b) (102

.5

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$1,741,170

$

1,741,000

$

1,741,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$1,741,000)

1,741,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$1,765,367)— 103.9%

1,765,367

Net

other

assets

(liabilities)

—

(3

.9)

%

(66,780)

NET

ASSETS

—

100.0%

$

1,698,587

(a) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$194,000.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Futures

Contracts

Sold

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

E-mini

S&P

500

Futures

Contracts

6/22/26

$

(328,538)

$

7,835

Total

Return

Swap

Agreements—Short

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

500

Goldman

Sachs

International

4/27/26

(4.14)%

$

(936,843)

$

(23,060)

S&P

500

UBS

AG

4/27/26

(4.04)%

(428,271)

(13,321)

$(1,365,114)

$(36,381)

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Biotechnology

Common

Stocks

(98

.2

%)

Shares

Value

4D

Molecular

Therapeutics,

Inc.

\*

(Biotechnology)

7,337

$

68,307

AbbVie,

Inc.

(Biotechnology)

2,036

442,810

Absci

Corp.

\*(a)

(Biotechnology)

24,763

74,289

ACADIA

Pharmaceuticals,

Inc.

\*

(Biotechnology)

18,671

415,616

ADMA

Biologics,

Inc.

\*

(Biotechnology)

26,895

242,324

Agios

Pharmaceuticals,

Inc.

\*

(Biotechnology)

10,559

357,211

Akebia

Therapeutics,

Inc.

\*

(Biotechnology)

33,617

46,728

Alkermes

PLC

\*

(Biotechnology)

16,692

590,228

Allogene

Therapeutics,

Inc.

\*

(Biotechnology)

29,017

70,801

Alnylam

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,447

478,769

Altimmune,

Inc.

\*

(Biotechnology)

23,768

73,205

Amgen,

Inc.

(Biotechnology)

1,227

431,720

Amicus

Therapeutics,

Inc.

\*

(Biotechnology)

32,258

466,451

AnaptysBio,

Inc.

\*

(Biotechnology)

2,800

155,288

Anavex

Life

Sciences

Corp.

\*(a)

(Biotechnology)

14,773

45,353

Annexon,

Inc.

\*

(Biotechnology)

20,890

115,731

Apellis

Pharmaceuticals,

Inc.

\*

(Biotechnology)

18,547

746,145

Apogee

Therapeutics,

Inc.

\*

(Biotechnology)

6,207

522,443

Arbutus

Biopharma

Corp.

\*

(Biotechnology)

12,626

56,817

Arcellx,

Inc.

\*

(Biotechnology)

4,053

465,365

Arcus

Biosciences,

Inc.

\*

(Biotechnology)

11,832

255,571

Arcutis

Biotherapeutics,

Inc.

\*

(Biotechnology)

18,809

443,140

Ardelyx,

Inc.

\*

(Biotechnology)

41,915

251,071

ArriVent

Biopharma,

Inc.

\*

(Biotechnology)

3,828

88,312

Arrowhead

Pharmaceuticals,

Inc.

\*

(Biotechnology)

7,978

500,221

ARS

Pharmaceuticals,

Inc.

\*(a)

(Biotechnology)

12,089

97,075

Beam

Therapeutics,

Inc.

\*

(Biotechnology)

17,774

423,554

Bicara

Therapeutics,

Inc.

\*

(Biotechnology)

3,906

77,690

BioCryst

Pharmaceuticals,

Inc.

\*

(Biotechnology)

36,407

346,595

Biogen,

Inc.

\*

(Biotechnology)

2,434

446,225

Biohaven,

Ltd.

\*

(Biotechnology)

21,021

177,838

BioMarin

Pharmaceutical,

Inc.

\*

(Biotechnology)

7,685

434,126

Bridgebio

Pharma,

Inc.

\*

(Biotechnology)

6,493

482,170

Capricor

Therapeutics,

Inc.

\*

(Biotechnology)

6,408

194,803

CareDx,

Inc.

\*

(Biotechnology)

8,091

140,460

Catalyst

Pharmaceuticals,

Inc.

\*

(Biotechnology)

12,408

307,222

Celcuity,

Inc.

\*

(Biotechnology)

4,004

457,017

Celldex

Therapeutics,

Inc.

\*

(Biotechnology)

6,685

212,048

CG

Oncology,

Inc.

\*

(Biotechnology)

6,986

472,812

Cogent

Biosciences,

Inc.

\*

(Biotechnology)

12,848

494,520

Compass

Therapeutics,

Inc.

\*

(Biotechnology)

20,129

106,482

Corvus

Pharmaceuticals,

Inc.

\*

(Biotechnology)

11,573

169,313

CRISPR

Therapeutics

AG

\*

(Biotechnology)

9,284

441,640

Cullinan

Therapeutics,

Inc.

\*

(Biotechnology)

7,141

101,474

Cytokinetics,

Inc.

\*

(Biotechnology)

7,285

480,154

CytomX

Therapeutics,

Inc.

\*

(Biotechnology)

24,647

115,841

Damora

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

522

13,520

Day

One

Biopharmaceuticals,

Inc.

\*

(Biotechnology)

6,085

130,462

Denali

Therapeutics,

Inc.

\*

(Biotechnology)

15,486

297,331

Dianthus

Therapeutics,

Inc.

\*

(Biotechnology)

3,209

269,299

Disc

Medicine,

Inc.

\*

(Biotechnology)

5,536

353,972

Dyne

Therapeutics,

Inc.

\*

(Biotechnology)

18,804

340,917

Emergent

BioSolutions,

Inc.

\*

(Biotechnology)

8,756

72,675

Erasca,

Inc.

\*

(Biotechnology)

25,894

418,965

Exelixis,

Inc.

\*

(Biotechnology)

11,103

476,208

Geron

Corp.

\*

(Biotechnology)

90,807

135,302

Gilead

Sciences,

Inc.

(Biotechnology)

3,175

442,500

GRAIL,

Inc.

\*

(Biotechnology)

5,696

294,369

Halozyme

Therapeutics,

Inc.

\*

(Biotechnology)

6,973

450,665

Hyperliquid

Strategies,

Inc.

\*

(Biotech

&

Pharma)

13,646

69,458

Ideaya

Biosciences,

Inc.

\*

(Biotechnology)

8,909

296,848

ImmunityBio,

Inc.

\*(a)

(Biotechnology)

56,051

429,911

Immunome,

Inc.

\*

(Biotechnology)

16,055

351,123

Immunovant,

Inc.

\*

(Biotechnology)

14,040

348,754

Incyte

Corp.

\*

(Biotechnology)

4,897

460,906

Inhibrx

Biosciences,

Inc.

\*

(Biotechnology)

1,620

108,913

Insmed,

Inc.

\*

(Biotechnology)

3,325

543,704

Common

Stocks,

continued

Shares

Value

Intellia

Therapeutics,

Inc.

\*

(Biotechnology)

20,529

$

263,182

Invivyd,

Inc.

\*

(Biotechnology)

31,477

40,920

Ionis

Pharmaceuticals,

Inc.

\*

(Biotechnology)

6,198

465,408

Iovance

Biotherapeutics,

Inc.

\*

(Biotechnology)

44,499

156,191

Ironwood

Pharmaceuticals,

Inc.

\*

(Biotechnology)

22,262

78,140

Janux

Therapeutics,

Inc.

\*

(Biotechnology)

7,783

108,184

KalVista

Pharmaceuticals,

Inc.

\*(a)

(Biotechnology)

5,888

118,525

Kodiak

Sciences,

Inc.

\*

(Biotechnology)

7,348

280,106

Krystal

Biotech,

Inc.

\*

(Biotechnology)

1,818

469,626

Kura

Oncology,

Inc.

\*

(Biotechnology)

13,787

112,088

Kymera

Therapeutics,

Inc.

\*

(Biotechnology)

5,686

473,587

Lexeo

Therapeutics,

Inc.

\*

(Biotechnology)

10,369

59,518

Madrigal

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,074

562,206

Mannkind

Corp.

\*

(Biotechnology)

59,764

146,422

MiMedx

Group,

Inc.

\*

(Biotechnology)

12,707

50,193

Mineralys

Therapeutics,

Inc.

\*

(Biotechnology)

9,697

262,692

Mirum

Pharmaceuticals,

Inc.

\*

(Biotechnology)

5,052

466,704

Moderna,

Inc.

\*

(Biotechnology)

8,282

420,726

Monte

Rosa

Therapeutics,

Inc.

\*

(Biotechnology)

10,752

176,870

Myriad

Genetics,

Inc.

\*

(Biotechnology)

12,025

54,113

Natera,

Inc.

\*

(Biotechnology)

2,358

471,576

Neurocrine

Biosciences,

Inc.

\*

(Biotechnology)

3,578

471,366

Novavax,

Inc.

\*(a)

(Biotechnology)

25,529

207,806

Nurix

Therapeutics,

Inc.

\*

(Biotechnology)

15,366

238,173

Nuvalent,

Inc.

\*

-

Class

A

(Biotechnology)

4,633

474,651

Ocugen,

Inc.

\*

(Biotechnology)

29,074

52,624

Olema

Pharmaceuticals,

Inc.

\*

(Biotechnology)

13,516

201,524

ORIC

Pharmaceuticals,

Inc.

\*

(Biotechnology)

11,868

150,368

Oruka

Therapeutics

Inc

\*

(Biotechnology)

4,161

204,097

Palvella

Therapeutics,

Inc.

\*

(Biotechnology)

1,499

186,850

Perspective

Therapeutics,

Inc.

\*

(Biotechnology)

9,538

39,773

Praxis

Precision

Medicines,

Inc.

\*

(Biotechnology)

1,561

502,939

Precigen,

Inc.

\*

(Biotechnology)

32,805

126,955

Prime

Medicine,

Inc.

\*

(Biotechnology)

22,155

77,099

Protagonist

Therapeutics,

Inc.

\*

(Biotechnology)

4,805

506,447

Prothena

Corp.

PLC

\*

(Biotechnology)

5,474

53,207

PTC

Therapeutics,

Inc.

\*

(Biotechnology)

7,059

480,930

Recursion

Pharmaceuticals,

Inc.

\*(a)

-

Class

A

(Biotechnology)

91,526

280,985

Regeneron

Pharmaceuticals,

Inc.

(Biotechnology)

598

462,039

REGENXBIO,

Inc.

\*

(Biotechnology)

7,592

63,621

Relay

Therapeutics,

Inc.

\*

(Biotechnology)

15,479

154,016

Replimune

Group,

Inc.

\*

(Biotechnology)

12,176

93,146

REVOLUTION

Medicines,

Inc.

\*

(Biotechnology)

4,654

452,602

Rhythm

Pharmaceuticals,

Inc.

\*

(Biotechnology)

5,149

447,809

Rigel

Pharmaceuticals,

Inc.

\*

(Biotechnology)

3,872

104,699

Rocket

Pharmaceuticals,

Inc.

\*

(Biotechnology)

14,512

51,953

Roivant

Sciences,

Ltd.

\*

(Biotechnology)

15,671

434,087

Sana

Biotechnology,

Inc.

\*

(Biotechnology)

36,338

104,653

Sarepta

Therapeutics,

Inc.

\*

(Biotechnology)

16,721

363,849

Savara,

Inc.

\*

(Biotechnology)

19,419

106,028

Scholar

Rock

Holding

Corp.

\*

(Biotechnology)

10,735

527,733

SELLAS

Life

Sciences

Group,

Inc.

\*(a)

(Biotech

&

Pharma)

25,634

108,432

Sionna

Therapeutics,

Inc.

\*

(Biotechnology)

2,275

91,205

Soleno

Therapeutics,

Inc.

\*

(Biotechnology)

8,183

273,967

Spyre

Therapeutics,

Inc.

\*

(Biotechnology)

5,850

295,074

Stoke

Therapeutics,

Inc.

\*

(Biotechnology)

6,156

200,439

Summit

Therapeutics,

Inc.

\*

(Biotechnology)

26,625

504,810

Syndax

Pharmaceuticals,

Inc.

\*

(Biotechnology)

12,818

299,428

Tango

Therapeutics,

Inc.

\*

(Biotechnology)

10,787

225,664

Taysha

Gene

Therapies,

Inc.

\*

(Biotechnology)

30,821

137,770

TG

Therapeutics,

Inc.

\*

(Biotechnology)

16,526

548,993

Travere

Therapeutics,

Inc.

\*

(Biotechnology)

15,666

465,437

Twist

Bioscience

Corp.

\*

(Biotechnology)

9,892

470,068

Tyra

Biosciences,

Inc.

\*

(Biotechnology)

3,582

137,191

Ultragenyx

Pharmaceutical,

Inc.

\*

(Biotechnology)

17,001

356,171

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Biotechnology

Common

Stocks,

continued

Shares

Value

uniQure

N.V.

\*

(Biotechnology)

9,278

$

151,695

United

Therapeutics

Corp.

\*

(Biotechnology)

851

504,626

Vanda

Pharmaceuticals,

Inc.

\*

(Biotechnology)

9,486

65,548

Vaxcyte,

Inc.

\*

(Biotechnology)

8,057

468,192

Vera

Therapeutics,

Inc.

\*

(Biotechnology)

10,461

420,846

Veracyte,

Inc.

\*

(Biotechnology)

10,710

344,969

Verastem,

Inc.

\*

(Biotechnology)

11,214

59,434

Vericel

Corp.

\*

(Biotechnology)

6,104

196,366

Vertex

Pharmaceuticals,

Inc.

\*

(Biotechnology)

941

420,194

Viking

Therapeutics,

Inc.

\*

(Biotechnology)

12,963

421,816

Vir

Biotechnology,

Inc.

\*

(Biotechnology)

13,814

123,773

Viridian

Therapeutics,

Inc.

\*

(Biotechnology)

14,591

285,400

Vor

BioPharma,

Inc.

\*

(Biotech

&

Pharma)

5,191

92,607

Xencor,

Inc.

\*

(Biotechnology)

7,767

93,670

Zenas

Biopharma,

Inc.

\*

(Biotechnology)

4,950

96,773

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $23,596,161)

40,608,341

Rights

(NM)

Eli

Lilly

&

Company

\*CVR

(Biotechnology)

6,633

4,179

TOTAL

RIGHTS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$4,179)

4,179

Repurchase

Agreements

(b) (2

.3

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$942,092

$

942,000

$

942,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$942,000)

942,000

Collateral

for

Securities

Loaned

(c) (2

.4

%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 3.67%

(d) 998,596

998,596

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $998,596)

998,596

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$25,540,936)— 102.9%

42,553,116

Net

other

assets

(liabilities)

—

(2

.9)

%

(1,181,872)

NET

ASSETS

—

100.0%

$

41,371,244

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

March

31,

2026. The

total

value

of

securities

on

loan

as

of

March

31,

2026

was

$1,046,598.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

(c) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

March

31,

2026. (d) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

March

31,

2026. CVR

Contingent

Value

Rights

NM

Not

meaningful,

amount

is

less

than

0.05%

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

Biotechnology

Select

Industry

Index

Goldman

Sachs

International

4/23/26

4.39%

$

1,037,684

$

49,474

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

ProFund

VP

Biotechnology

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Biotech

&

Pharma

$

284,017

0.7%

Biotechnology

40,328,503

97.5%

Other

\*\*

758,724

1.8%

Total

$

41,371,244

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Bull

Common

Stocks

(78.6%)

Shares

Value

3M

Co.

(Industrial

Conglomerates)

$

46,038

A.O.

Smith

Corp.

(Building

Products)

4,418

Abbott

Laboratories

(Health

Care

Equipment

&

Supplies)

1,046

107,393

AbbVie,

Inc.

(Biotechnology)

1,064

231,410

Accenture

PLC

-

Class

A

(IT

Services)

73,566

Adobe,

Inc.

\*

(Software)

60,041

Advanced

Micro

Devices,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

981

199,565

Aflac,

Inc.

(Insurance)

30,829

Agilent

Technologies,

Inc.

(Life

Sciences

Tools

&

Services)

19,377

Air

Products

&

Chemicals,

Inc.

(Chemicals)

38,926

Airbnb,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

32,201

Akamai

Technologies,

Inc.

\*

(IT

Services)

9,877

Albemarle

Corp.

(Chemicals)

12,747

Alexandria

Real

Estate

Equities,

Inc.

(Office

REITs)

4,317

Align

Technology,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

6,686

Allegion

PLC

(Building

Products)

7,555

Alliant

Energy

Corp.

(Electric

Utilities)

11,123

Allstate

Corp.

(Insurance)

32,345

Alphabet,

Inc.

-

Class

A

(Interactive

Media

&

Services)

3,504

1,007,611

Alphabet,

Inc.

-

Class

C

(Interactive

Media

&

Services)

2,814

807,224

Altria

Group,

Inc.

(Tobacco)

1,010

66,650

Amazon.com,

Inc.

\*

(Broadline

Retail)

5,879

1,224,419

Amcor

plc

(Containers

&

Packaging)

11,011

Ameren

Corp.

(Multi-Utilities)

18,247

American

Electric

Power

Co.,

Inc.

(Electric

Utilities)

42,601

American

Express

Co.

(Consumer

Finance)

97,398

American

International

Group,

Inc.

(Insurance)

24,306

American

Tower

Corp.

-

Class

A

(Specialized

REITs)

48,668

American

Water

Works

Co.,

Inc.

(Water

Utilities)

15,923

Ameriprise

Financial,

Inc.

(Capital

Markets)

24,442

AMETEK,

Inc.

(Electrical

Equipment)

29,582

Amgen,

Inc.

(Biotechnology)

113,999

Amphenol

Corp.

-

Class

A

(Electronic

Equipment,

Instruments

&

Components)

740

93,499

Analog

Devices,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

93,533

Aon

PLC

-

Class

A

(Insurance)

41,639

APA

Corp.

(Oil,

Gas

&

Consumable

Fuels)

9,040

Apollo

Global

Management,

Inc.

(Financial

Services)

31,086

Apple,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

8,835

2,242,235

Applied

Materials,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

163,376

AppLovin

Corp.

\*

-

Class

A

(Software)

64,874

Aptiv

PLC

\*

(Automobile

Components)

8,819

Arch

Capital

Group,

Ltd.

\*

(Insurance)

20,638

Archer-Daniels-Midland

Co.

(Food

Products)

21,008

Ares

Management

Corporation

-

Class

A

(Capital

Markets)

13,528

Arista

Networks,

Inc.

\*

(Communications

Equipment)

622

76,369

Arthur

J. Gallagher

&

Co.

(Insurance)

33,570

Assurant,

Inc.

(Insurance)

6,534

AT&T,

Inc.

(Diversified

Telecommunication

Services)

4,212

122,106

Atmos

Energy

Corp.

(Gas

Utilities)

18,472

Autodesk,

Inc.

\*

(Software)

30,643

Automatic

Data

Processing,

Inc.

(Professional

Services)

49,373

AutoZone,

Inc.

\*

(Specialty

Retail)

33,778

AvalonBay

Communities,

Inc.

(Residential

REITs)

13,884

Avery

Dennison

Corp.

(Containers

&

Packaging)

8,116

Axon

Enterprise,

Inc.

\*

(Aerospace

&

Defense)

20,385

Baker

Hughes

Co.

(Energy

Equipment

&

Services)

594

36,264

Ball

Corp.

(Containers

&

Packaging)

9,517

Bank

of

America

Corp.

(Banks)

3,993

194,659

Common

Stocks,

continued

Shares

Value

Baxter

International,

Inc.

(Health

Care

Equipment

&

Supplies)

$

5,174

Becton,

Dickinson

&

Co.

(Health

Care

Equipment

&

Supplies)

26,886

Berkshire

Hathaway,

Inc.

\*

-

Class

B

(Financial

Services)

1,104

529,038

Best

Buy

Co.,

Inc.

(Specialty

Retail)

7,511

Biogen,

Inc.

\*

(Biotechnology)

16,133

Bio-Techne

Corp.

(Life

Sciences

Tools

&

Services)

4,860

BlackRock,

Inc.

(Capital

Markets)

82,707

Blackstone,

Inc.

(Capital

Markets)

51,860

Block,

Inc.

\*

(Financial

Services)

19,859

Booking

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

79,996

Boston

Properties,

Inc.

(Office

REITs)

4,619

Boston

Scientific

Corp.

\*

(Health

Care

Equipment

&

Supplies)

892

55,973

Bristol-Myers

Squibb

Co.

(Pharmaceuticals)

1,225

74,296

Broadcom,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

2,854

883,341

Broadridge

Financial

Solutions,

Inc.

(Professional

Services)

11,536

Brown

&

Brown,

Inc.

(Insurance)

11,477

Brown-Forman

Corp.

-

Class

B

(Beverages)

2,670

Builders

FirstSource,

Inc.

\*

(Building

Products)

5,516

Bunge

Global

SA

(Food

Products)

10,430

C.H.

Robinson

Worldwide,

Inc.

(Air

Freight

&

Logistics)

11,791

Cadence

Design

Systems,

Inc.

\*

(Software)

45,571

Camden

Property

Trust

(Residential

REITs)

6,055

Campbell

Soup

Co.

(a) (Food

Products)

2,606

Capital

One

Financial

Corp.

(Consumer

Finance)

68,594

Cardinal

Health,

Inc.

(Health

Care

Providers

&

Services)

30,006

Carnival

Corp.

(Hotels,

Restaurants

&

Leisure)

691

17,883

Carrier

Global

Corp.

(Building

Products)

26,635

Carvana

Co.

\*

(Specialty

Retail)

26,722

Caterpillar,

Inc.

(Machinery)

198,368

Cboe

Global

Markets,

Inc.

(Capital

Markets)

17,707

CBRE

Group,

Inc.

\*

-

Class

A

(Real

Estate

Management

&

Development)

23,706

CDW

Corp.

(Electronic

Equipment,

Instruments

&

Components)

9,440

Cencora,

Inc.

(Health

Care

Providers

&

Services)

36,754

Centene

Corp.

\*

(Health

Care

Providers

&

Services)

9,167

CenterPoint

Energy,

Inc.

(Multi-Utilities)

16,919

CF

Industries

Holdings,

Inc.

(Chemicals)

12,205

Charles

River

Laboratories

International,

Inc.

\*

(Life

Sciences

Tools

&

Services)

5,175

Charter

Communications,

Inc.

\*

-

Class

A

(Media)

11,226

Chevron

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,128

233,383

Chipotle

Mexican

Grill,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

783

25,064

Chubb,

Ltd.

(Insurance)

71,378

Church

&

Dwight

Co.,

Inc.

(Household

Products)

13,251

Ciena

Corp.

\*

(Communications

Equipment)

33,000

Cincinnati

Financial

Corp.

(Insurance)

14,791

Cintas

Corp.

(Commercial

Services

&

Supplies)

34,505

Cisco

Systems,

Inc.

(Communications

Equipment)

2,378

184,509

Citigroup,

Inc.

(Banks)

1,051

119,194

Citizens

Financial

Group,

Inc.

(Banks)

15,352

CME

Group,

Inc.

(Capital

Markets)

64,091

CMS

Energy

Corp.

(Multi-Utilities)

14,275

Cognizant

Technology

Solutions

Corp.

-

Class

A

(IT

Services)

17,669

Coherent

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

26,918

Coinbase

Global,

Inc.

\*

-

Class

A

(Capital

Markets)

23,398

Colgate-Palmolive

Co.

(Household

Products)

41,337

Comcast

Corp.

-

Class

A

(Media)

2,159

61,984

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Bull

Common

Stocks,

continued

Shares

Value

Comfort

Systems

USA,

Inc.

(Construction

&

Engineering)

$

28,959

Conagra

Brands,

Inc.

(Food

Products)

4,496

ConocoPhillips

(Oil,

Gas

&

Consumable

Fuels)

737

97,284

Consolidated

Edison,

Inc.

(Multi-Utilities)

24,560

Constellation

Brands,

Inc.

-

Class

A

(Beverages)

12,600

Constellation

Energy

Corp.

(Electric

Utilities)

52,499

Copart,

Inc.

\*

(Commercial

Services

&

Supplies)

534

17,729

Corning,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

63,906

Corpay,

Inc.

\*

(Software)

12,222

Corteva,

Inc.

(Chemicals)

33,903

CoStar

Group,

Inc.

\*

(Real

Estate

Management

&

Development)

10,246

Costco

Wholesale

Corp.

(Consumer

Staples

Distribution

&

Retail)

266,047

Coterra

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

16,024

CRH

plc

(Construction

Materials)

42,364

Crowdstrike

Holdings,

Inc.

\*

-

Class

A

(Software)

58,952

Crown

Castle

International

Corp.

(Specialized

REITs)

21,303

CSX

Corp.

(Ground

Transportation)

1,118

45,894

Cummins,

Inc.

(Machinery)

44,656

CVS

Health

Corp.

(Health

Care

Providers

&

Services)

766

55,014

D.R.

Horton,

Inc.

(Household

Durables)

22,230

Danaher

Corp.

(Life

Sciences

Tools

&

Services)

71,858

Darden

Restaurants,

Inc.

(Hotels,

Restaurants

&

Leisure)

13,723

Datadog,

Inc.

\*

-

Class

A

(Software)

23,374

DaVita,

Inc.

\*

(Health

Care

Providers

&

Services)

3,074

Deckers

Outdoor

Corp.

\*

(Textiles,

Apparel

&

Luxury

Goods)

8,608

Deere

&

Co.

(Machinery)

85,057

Dell

Technologies,

Inc.

-

Class

C

(Technology

Hardware,

Storage

&

Peripherals)

29,379

Delta

Air

Lines,

Inc.

(Passenger

Airlines)

25,993

Devon

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

18,769

Dexcom,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

14,570

Diamondback

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

22,152

Digital

Realty

Trust,

Inc.

(Specialized

REITs)

34,961

Dollar

General

Corp.

(Consumer

Staples

Distribution

&

Retail)

15,791

Dollar

Tree,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

12,156

Dominion

Energy,

Inc.

(Multi-Utilities)

514

31,775

Domino's

Pizza,

Inc.

(Hotels,

Restaurants

&

Leisure)

6,458

DoorDash,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

33,784

Dover

Corp.

(Machinery)

17,093

Dow,

Inc.

(Chemicals)

17,951

DTE

Energy

Co.

(Multi-Utilities)

18,278

Duke

Energy

Corp.

(Electric

Utilities)

61,280

DuPont

de

Nemours,

Inc.

(Chemicals)

11,267

Eaton

Corp.

PLC

(Electrical

Equipment)

83,694

eBay,

Inc.

(Broadline

Retail)

24,757

EchoStar

Corp.

\*

-

Class

A

(Media)

9,600

Ecolab,

Inc.

(Chemicals)

40,700

Edison

International

(Electric

Utilities)

16,978

Edwards

LifeSciences

Corp.

\*

(Health

Care

Equipment

&

Supplies)

27,948

Electronic

Arts,

Inc.

(Entertainment)

27,726

Elevance

Health,

Inc.

(Health

Care

Providers

&

Services)

38,936

Eli

Lilly

&

Co.

(Pharmaceuticals)

438,731

EMCOR

Group,

Inc.

(Construction

&

Engineering)

19,934

Emerson

Electric

Co.

(Electrical

Equipment)

44,285

Common

Stocks,

continued

Shares

Value

Entergy

Corp.

(Electric

Utilities)

$

30,674

EOG

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

47,274

EPAM

Systems,

Inc.

\*

(IT

Services)

4,468

EQT

Corp.

(Oil,

Gas

&

Consumable

Fuels)

23,865

Equifax,

Inc.

(Professional

Services)

12,965

Equinix,

Inc.

(Specialized

REITs)

57,833

Equity

Residential

(Residential

REITs)

12,185

Erie

Indemnity

Co.

-

Class

A

(Insurance)

4,021

Essex

Property

Trust,

Inc.

(Residential

REITs)

9,438

Everest

Group,

Ltd.

(Insurance)

8,171

Evergy,

Inc.

(Electric

Utilities)

11,305

Eversource

Energy

(Electric

Utilities)

15,588

Exelon

Corp.

(Electric

Utilities)

615

30,147

Expand

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

15,699

Expedia

Group,

Inc.

(Hotels,

Restaurants

&

Leisure)

16,393

Expeditors

International

of

Washington,

Inc.

(Air

Freight

&

Logistics)

11,602

Extra

Space

Storage,

Inc.

(Specialized

REITs)

16,785

Exxon

Mobil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

2,515

426,694

F5,

Inc.

\*

(Communications

Equipment)

9,837

FactSet

Research

Systems,

Inc.

(Capital

Markets)

4,774

Fair

Isaac

Corp.

\*

(Software)

16,013

Fastenal

Co.

(Trading

Companies

&

Distributors)

690

32,016

Federal

Realty

Investment

Trust

(Retail

REITs)

5,098

FedEx

Corp.

(Air

Freight

&

Logistics)

46,303

Fidelity

National

Information

Services,

Inc.

(Financial

Services)

14,589

Fifth

Third

Bancorp

(Banks)

541

25,135

First

Horizon

Corp.

(Banks)

First

Solar,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

12,625

FirstEnergy

Corp.

(Electric

Utilities)

15,806

Fiserv,

Inc.

\*

(Financial

Services)

18,023

Ford

Motor

Co.

(Automobiles)

2,357

27,200

Fortinet,

Inc.

\*

(Software)

31,054

Fortive

Corp.

(Machinery)

10,393

Fox

Corp.

-

Class

A

(Media)

7,066

Fox

Corp.

-

Class

B

(Media)

4,460

Franklin

Resources,

Inc.

(Capital

Markets)

4,322

Freeport-McMoRan,

Inc.

(Metals

&

Mining)

864

50,786

Garmin,

Ltd.

(Household

Durables)

22,969

Gartner,

Inc.

\*

(IT

Services)

6,650

GE

HealthCare

Technologies,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

19,503

GE

Vernova,

Inc.

(Electrical

Equipment)

141,409

Gen

Digital,

Inc.

(Software)

6,214

Generac

Holdings,

Inc.

\*

(Electrical

Equipment)

6,837

General

Dynamics

Corp.

(Aerospace

&

Defense)

52,513

General

Electric

Co.

(Industrial

Conglomerates)

632

179,343

General

Mills,

Inc.

(Food

Products)

11,910

General

Motors

Co.

(Automobiles)

544

40,528

Genuine

Parts

Co.

(Distributors)

8,777

Gilead

Sciences,

Inc.

(Biotechnology)

747

104,109

Global

Payments,

Inc.

(Financial

Services)

9,624

Globe

Life,

Inc.

(Insurance)

6,819

GoDaddy,

Inc.

\*

-

Class

A

(IT

Services)

6,779

Halliburton

Co.

(Energy

Equipment

&

Services)

503

19,612

Hasbro,

Inc.

(Leisure

Products)

7,582

HCA

Healthcare,

Inc.

(Health

Care

Providers

&

Services)

44,485

Healthpeak

Properties,

Inc.

(Health

Care

REITs)

6,851

Henry

Schein,

Inc.

\*

(Health

Care

Providers

&

Services)

4,422

Hewlett

Packard

Enterprise

Co.

(Technology

Hardware,

Storage

&

Peripherals)

798

19,000

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Bull

Common

Stocks,

continued

Shares

Value

Hilton

Worldwide

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

$

41,659

Hologic,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

10,129

Honeywell

International,

Inc.

(Industrial

Conglomerates)

86,343

Hormel

Foods

Corp.

(Food

Products)

3,918

Host

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

7,338

Howmet

Aerospace,

Inc.

(Aerospace

&

Defense)

55,541

HP,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

550

10,566

Hubbell,

Inc.

(Electrical

Equipment)

15,704

Humana,

Inc.

(Health

Care

Providers

&

Services)

12,484

Huntington

Bancshares,

Inc.

(Banks)

1,220

19,093

Huntington

Ingalls

Industries,

Inc.

(Aerospace

&

Defense)

9,118

IDEX

Corp.

(Machinery)

8,530

IDEXX

Laboratories,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

27,533

Illinois

Tool

Works,

Inc.

(Machinery)

41,126

Incyte

Corp.

\*

(Biotechnology)

9,412

Ingersoll

Rand,

Inc.

(Machinery)

17,146

Insulet

Corp.

\*

(Health

Care

Equipment

&

Supplies)

8,813

Intel

Corp.

(Semiconductors

&

Semiconductor

Equipment)

2,825

124,667

Interactive

Brokers

Group,

Inc.

-

Class

A

(Capital

Markets)

17,908

Intercontinental

Exchange,

Inc.

(Capital

Markets)

53,947

International

Business

Machines

Corp.

(IT

Services)

562

136,223

International

Flavors

&

Fragrances,

Inc.

(Chemicals)

11,173

International

Paper

Co.

(Containers

&

Packaging)

11,317

Intuit,

Inc.

(Software)

72,640

Intuitive

Surgical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

98,191

Invesco,

Ltd.

(Capital

Markets)

6,461

Invitation

Homes,

Inc.

(Residential

REITs)

8,374

IQVIA

Holdings,

Inc.

\*

(Life

Sciences

Tools

&

Services)

17,395

Iron

Mountain,

Inc.

(Specialized

REITs)

18,283

J.B.

Hunt

Transport

Services,

Inc.

(Ground

Transportation)

9,536

Jabil,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

16,735

Jack

Henry

&

Associates,

Inc.

(Financial

Services)

6,954

Jacobs

Solutions,

Inc.

(Professional

Services)

9,037

Johnson

&

Johnson

(Pharmaceuticals)

1,451

354,683

Johnson

Controls

International

PLC

(Building

Products)

48,190

JPMorgan

Chase

&

Co.

(Banks)

1,623

477,421

Kenvue,

Inc.

\*

(Personal

Care

Products)

1,152

19,860

Keurig

Dr

Pepper,

Inc.

(Beverages)

816

21,485

KeyCorp

(Banks)

562

11,268

Keysight

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

29,084

Kimberly-Clark

Corp.

(Household

Products)

19,294

Kimco

Realty

Corp.

(Retail

REITs)

9,078

Kinder

Morgan,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,176

39,431

KKR

&

Co.,

Inc.

(Capital

Markets)

38,203

KLA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

116,320

L3Harris

Technologies,

Inc.

(Aerospace

&

Defense)

39,002

Labcorp

Holdings,

Inc.

(Health

Care

Providers

&

Services)

13,074

Lam

Research

Corp.

(Semiconductors

&

Semiconductor

Equipment)

752

160,672

Las

Vegas

Sands

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

9,806

Leidos

Holdings,

Inc.

(Professional

Services)

11,975

Lennar

Corp.

-

Class

A

(Household

Durables)

11,289

Lennox

International,

Inc.

(Building

Products)

8,818

Linde

PLC

(Chemicals)

139,308

Common

Stocks,

continued

Shares

Value

Live

Nation

Entertainment,

Inc.

\*

(Entertainment)

$

14,488

Lockheed

Martin

Corp.

-

Class

B

(Aerospace

&

Defense)

73,736

Loews

Corp.

(Insurance)

10,887

Lowe's

Cos.,

Inc.

(Specialty

Retail)

79,863

Lululemon

Athletica,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

9,798

Lumentum

Holdings,

Inc.

\*

(Communications

Equipment)

30,219

LyondellBasell

Industries

N.V.

-

Class

A

(Chemicals)

12,487

M&T

Bank

Corp.

(Banks)

18,812

Marathon

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

43,464

Marriott

International,

Inc.

-

Class

A

(Hotels,

Restaurants

&

Leisure)

43,776

Marsh

&

McLennan

Cos.,

Inc.

(Insurance)

50,474

Martin

Marietta

Materials,

Inc.

(Construction

Materials)

21,192

Masco

Corp.

(Building

Products)

7,365

MasterCard,

Inc.

-

Class

A

(Financial

Services)

244,833

McCormick

&

Co.,

Inc.

(Food

Products)

7,667

McDonald's

Corp.

(Hotels,

Restaurants

&

Leisure)

133,330

McKesson

Corp.

(Health

Care

Providers

&

Services)

63,171

Medtronic

PLC

(Health

Care

Equipment

&

Supplies)

771

66,807

Merck

&

Co.,

Inc.

(Pharmaceuticals)

1,494

179,713

Meta

Platforms,

Inc.

-

Class

A

(Interactive

Media

&

Services)

1,317

753,495

MetLife,

Inc.

(Insurance)

23,479

Mettler-Toledo

International,

Inc.

\*

(Life

Sciences

Tools

&

Services)

15,134

MGM

Resorts

International

(Hotels,

Restaurants

&

Leisure)

4,219

Microchip

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

20,998

Micron

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

678

229,055

Microsoft

Corp.

(Software)

4,469

1,654,289

Mid-America

Apartment

Communities,

Inc.

(Residential

REITs)

8,671

Moderna,

Inc.

\*

(Biotechnology)

10,617

Molson

Coors

Beverage

Co.

-

Class

B

(Beverages)

4,349

Mondelez

International,

Inc.

-

Class

A

(Food

Products)

771

44,441

Monolithic

Power

Systems,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

31,707

Monster

Beverage

Corp.

\*

(Beverages)

31,158

Moody's

Corp.

(Capital

Markets)

40,135

Morgan

Stanley

(Capital

Markets)

724

119,149

Motorola

Solutions,

Inc.

(Communications

Equipment)

43,397

MSCI,

Inc.

(Capital

Markets)

23,716

Nasdaq,

Inc.

(Capital

Markets)

22,920

NetApp,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

12,184

Netflix,

Inc.

\*

(Entertainment)

2,541

244,318

Newmont

Corp.

(Metals

&

Mining)

657

71,120

News

Corp.

-

Class

A

(Media)

5,510

News

Corp.

-

Class

B

(Media)

2,053

NextEra

Energy,

Inc.

(Electric

Utilities)

1,254

116,471

NIKE,

Inc.

-

Class

B

(Textiles,

Apparel

&

Luxury

Goods)

717

37,872

NiSource,

Inc.

(Multi-Utilities)

13,391

Nordson

Corp.

(Machinery)

8,514

Norfolk

Southern

Corp.

(Ground

Transportation)

39,032

Northern

Trust

Corp.

(Capital

Markets)

15,771

Northrop

Grumman

Corp.

(Aerospace

&

Defense)

55,261

Norwegian

Cruise

Lines

Holdings,

Ltd.

\*

(Hotels,

Restaurants

&

Leisure)

5,086

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Bull

Common

Stocks,

continued

Shares

Value

NRG

Energy,

Inc.

(Electric

Utilities)

$

18,706

Nucor

Corp.

(Metals

&

Mining)

23,167

NVIDIA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

14,624

2,550,425

NVR,

Inc.

\*

(Household

Durables)

13,180

NXP

Semiconductors

N.V.

(Semiconductors

&

Semiconductor

Equipment)

29,726

Occidental

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

28,145

Old

Dominion

Freight

Line,

Inc.

(Ground

Transportation)

21,689

Omnicom

Group,

Inc.

(Media)

14,234

ON

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

14,675

ONEOK,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

34,258

Oracle

Corp.

(Software)

1,020

150,052

O'Reilly

Automotive,

Inc.

\*

(Specialty

Retail)

506

46,709

Otis

Worldwide

Corp.

(Machinery)

18,037

PACCAR,

Inc.

(Machinery)

36,498

Packaging

Corp.

of

America

(Containers

&

Packaging)

11,460

Palantir

Technologies,

Inc.

\*

-

Class

A

(Software)

1,375

201,134

Palo

Alto

Networks,

Inc.

\*

(Software)

77,916

Paramount

Skydance

Corp.

\*(a)

-

Class

B

(Media)

1,678

Parker-Hannifin

Corp.

(Machinery)

68,038

Paychex,

Inc.

(Professional

Services)

17,871

PayPal

Holdings,

Inc.

\*

(Financial

Services)

554

25,057

Pentair

PLC

(Machinery)

8,624

PepsiCo,

Inc.

(Beverages)

822

127,648

Pfizer,

Inc.

(Pharmaceuticals)

3,421

96,062

PG&E

Corp.

(Electric

Utilities)

1,320

23,192

Philip

Morris

International,

Inc.

(Tobacco)

937

154,923

Phillips

(Oil,

Gas

&

Consumable

Fuels)

44,270

Pinnacle

West

Capital

Corp.

(Electric

Utilities)

7,254

PNC

Financial

Services

Group,

Inc.

(Banks)

50,774

Pool

Corp.

(Distributors)

4,047

PPG

Industries,

Inc.

(Chemicals)

14,429

PPL

Corp.

(Electric

Utilities)

16,999

Principal

Financial

Group,

Inc.

(Insurance)

10,723

Prologis,

Inc.

(Industrial

REITs)

560

74,021

Prudential

Financial,

Inc.

(Insurance)

20,515

PTC,

Inc.

\*

(Software)

10,259

Public

Service

Enterprise

Group,

Inc.

(Multi-Utilities)

24,285

Public

Storage

(Specialized

REITs)

25,734

PulteGroup,

Inc.

(Household

Durables)

13,525

Qnity

Electronics,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

14,538

QUALCOMM,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

642

82,677

Quanta

Services,

Inc.

(Construction

&

Engineering)

49,412

Quest

Diagnostics,

Inc.

(Health

Care

Providers

&

Services)

12,935

Ralph

Lauren

Corp.

(Textiles,

Apparel

&

Luxury

Goods)

7,912

Raymond

James

Financial,

Inc.

(Capital

Markets)

15,203

Realty

Income

Corp.

(Retail

REITs)

553

33,833

Regency

Centers

Corp.

(Retail

REITs)

7,490

Regeneron

Pharmaceuticals,

Inc.

(Biotechnology)

46,358

Regions

Financial

Corp.

(Banks)

521

13,609

Republic

Services,

Inc.

(Commercial

Services

&

Supplies)

26,501

ResMed,

Inc.

(Health

Care

Equipment

&

Supplies)

19,754

Revvity,

Inc.

(Life

Sciences

Tools

&

Services)

5,957

Robinhood

Markets,

Inc.

\*

-

Class

A

(Capital

Markets)

32,918

Rockwell

Automation,

Inc.

(Electrical

Equipment)

24,404

Rollins,

Inc.

(Commercial

Services

&

Supplies)

9,454

Roper

Technologies,

Inc.

(Software)

22,647

Common

Stocks,

continued

Shares

Value

Ross

Stores,

Inc.

(Specialty

Retail)

$

42,026

Royal

Caribbean

Cruises,

Ltd.

(Hotels,

Restaurants

&

Leisure)

41,552

RTX

Corp.

(Aerospace

&

Defense)

808

155,862

S&P

Global,

Inc.

(Capital

Markets)

78,263

Salesforce,

Inc.

(Software)

564

105,282

Sandisk

Corp.

\*

(Semiconductors)

56,545

SBA

Communications

Corp.

-

Class

A

(Specialized

REITs)

11,015

Seagate

Technology

Holdings

PLC

(Technology

Hardware,

Storage

&

Peripherals)

51,321

Sempra

(Multi-Utilities)

38,187

ServiceNow,

Inc.

\*

(Software)

629

65,762

Simon

Property

Group,

Inc.

(Retail

REITs)

36,560

Skyworks

Solutions,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

4,820

SLB,

Ltd.

(Energy

Equipment

&

Services)

900

46,251

Smurfit

WestRock

PLC

(Containers

&

Packaging)

12,512

Snap-on,

Inc.

(Machinery)

11,260

Solventum

Corp.

\*

(Health

Care

Equipment

&

Supplies)

5,812

Southwest

Airlines

Co.

(Passenger

Airlines)

11,083

Stanley

Black

&

Decker,

Inc.

(Machinery)

6,609

Starbucks

Corp.

(Hotels,

Restaurants

&

Leisure)

686

61,459

State

Street

Corp.

(Capital

Markets)

21,262

Steel

Dynamics,

Inc.

(Metals

&

Mining)

14,760

STERIS

PLC

(Health

Care

Equipment

&

Supplies)

13,047

Stryker

Corp.

(Health

Care

Equipment

&

Supplies)

68,018

Super

Micro

Computer,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

6,854

Synchrony

Financial

(Consumer

Finance)

14,216

Synopsys,

Inc.

\*

(Software)

45,199

Sysco

Corp.

(Consumer

Staples

Distribution

&

Retail)

20,543

T. Rowe

Price

Group,

Inc.

(Capital

Markets)

11,898

Take-Two

Interactive

Software,

Inc.

\*

(Entertainment)

20,738

Tapestry,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

17,215

Targa

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

32,344

Target

Corp.

(Consumer

Staples

Distribution

&

Retail)

33,088

TE

Connectivity,

Ltd.

(Electronic

Equipment,

Instruments

&

Components)

36,997

Teledyne

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

16,940

Teradyne,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

27,867

Tesla,

Inc.

\*

(Automobiles)

1,692

629,000

Texas

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

547

106,195

Texas

Pacific

Land

Corp.

(Oil,

Gas

&

Consumable

Fuels)

16,610

Textron,

Inc.

(Aerospace

&

Defense)

9,194

The

AES

Corp.

(Independent

Power/Renewable

Electricity

Producers)

6,031

The

Bank

of

New

York

Mellon

Corp.

(Capital

Markets)

49,113

The

Boeing

Co.

\*

(Aerospace

&

Defense)

94,141

The

Charles

Schwab

Corp.

(Capital

Markets)

1,005

94,450

The

Cigna

Group

(Health

Care

Providers

&

Services)

42,147

The

Clorox

Co.

(Household

Products)

7,461

The

Coca-Cola

Co.

(Beverages)

2,330

177,198

The

Cooper

Cos.,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

8,437

The

Estee

Lauder

Cos.,

Inc.

(Personal

Care

Products)

10,622

The

Goldman

Sachs

Group,

Inc.

(Capital

Markets)

152,279

The

Hartford

Financial

Services

Group,

Inc.

(Insurance)

22,719

The

Hershey

Co.

(Food

Products)

18,710

The

Home

Depot,

Inc.

(Specialty

Retail)

599

197,006

The

J.M.

Smucker

Co.

(Food

Products)

6,172

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Bull

Common

Stocks,

continued

Shares

Value

The

Kraft

Heinz

Co.

(Food

Products)

511

$

11,492

The

Kroger

Co.

(Consumer

Staples

Distribution

&

Retail)

25,398

The

Mosaic

Co.

(Chemicals)

4,845

The

Procter

&

Gamble

Co.

(Household

Products)

1,398

201,927

The

Progressive

Corp.

(Insurance)

69,979

The

Sherwin-Williams

Co.

(Chemicals)

44,235

The

Southern

Co.

(Electric

Utilities)

663

63,993

The

TJX

Cos.,

Inc.

(Specialty

Retail)

669

106,839

The

Trade

Desk,

Inc.

\*

-

Class

A

(Media)

5,967

The

Travelers

Cos.,

Inc.

(Insurance)

37,918

The

Walt

Disney

Co.

(Entertainment)

1,066

102,741

The

Williams

Cos.,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

734

53,421

Thermo

Fisher

Scientific,

Inc.

(Life

Sciences

Tools

&

Services)

111,087

TKO

Group

Holdings,

Inc.

(Entertainment)

7,864

T-Mobile

U.S.,

Inc.

(Wireless

Telecommunication

Services)

60,069

Tractor

Supply

Co.

(Specialty

Retail)

14,405

Trane

Technologies

PLC

(Building

Products)

55,426

TransDigm

Group,

Inc.

\*

(Aerospace

&

Defense)

39,405

Trimble,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

9,328

Truist

Financial

Corp.

(Banks)

759

34,891

Tyler

Technologies,

Inc.

\*

(Software)

8,902

Tyson

Foods,

Inc.

-

Class

A

(Food

Products)

10,828

U.S.

Bancorp

(Banks)

935

48,629

Uber

Technologies,

Inc.

\*

(Ground

Transportation)

1,238

89,049

UDR,

Inc.

(Residential

REITs)

6,047

Ulta

Beauty,

Inc.

\*

(Specialty

Retail)

14,113

Union

Pacific

Corp.

(Ground

Transportation)

86,615

United

Airlines

Holdings,

Inc.

\*

(Passenger

Airlines)

17,862

United

Parcel

Service,

Inc.

-

Class

B

(Air

Freight

&

Logistics)

43,779

United

Rentals,

Inc.

(Trading

Companies

&

Distributors)

27,685

UnitedHealth

Group,

Inc.

(Health

Care

Providers

&

Services)

545

147,471

Universal

Health

Services,

Inc.

-

Class

B

(Health

Care

Providers

&

Services)

5,906

Valero

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

45,463

Ventas,

Inc.

(Health

Care

REITs)

23,389

Veralto

Corp.

\*

(Commercial

Services

&

Supplies)

13,175

VeriSign,

Inc.

(IT

Services)

12,170

Verisk

Analytics,

Inc.

(Professional

Services)

15,939

Verizon

Communications,

Inc.

(Diversified

Telecommunication

Services)

2,538

127,407

Vertex

Pharmaceuticals,

Inc.

\*

(Biotechnology)

68,321

Vertiv

Holdings

Company

-

Class

A

(Electrical

Equipment)

57,884

Viatris,

Inc.

(Pharmaceuticals)

691

9,335

VICI

Properties,

Inc.

(Specialized

REITs)

641

17,512

Visa,

Inc.

-

Class

A

(Financial

Services)

1,012

305,867

Vistra

Corp.

(Independent

Power/Renewable

Electricity

Producers)

28,713

Vulcan

Materials

Co.

(Construction

Materials)

21,784

W.R.

Berkley

Corp.

(Insurance)

11,864

W.W.

Grainger,

Inc.

(Trading

Companies

&

Distributors)

28,361

Wabtec

Corp.

(Machinery)

25,741

Walmart,

Inc.

(Consumer

Staples

Distribution

&

Retail)

2,638

327,851

Warner

Bros.

Discovery,

Inc.

\*

(Entertainment)

1,490

40,915

Waste

Management,

Inc.

(Commercial

Services

&

Supplies)

51,242

Waters

Corp.

\*

(Life

Sciences

Tools

&

Services)

17,570

WEC

Energy

Group,

Inc.

(Multi-Utilities)

22,691

Wells

Fargo

&

Co.

(Banks)

1,862

148,234

Common

Stocks,

continued

Shares

Value

Welltower,

Inc.

(Health

Care

REITs)

$

83,039

West

Pharmaceutical

Services,

Inc.

(Life

Sciences

Tools

&

Services)

11,028

Western

Digital

Corp.

(Technology

Hardware,

Storage

&

Peripherals)

55,180

Weyerhaeuser

Co.

(Specialized

REITs)

10,578

Williams-Sonoma,

Inc.

(Specialty

Retail)

13,128

Willis

Towers

Watson

PLC

(Insurance)

16,861

Workday,

Inc.

\*

-

Class

A

(Software)

16,630

Wynn

Resorts,

Ltd.

(Hotels,

Restaurants

&

Leisure)

5,078

Xcel

Energy,

Inc.

(Electric

Utilities)

28,281

Xylem,

Inc.

(Machinery)

17,567

Yum!

Brands,

Inc.

(Hotels,

Restaurants

&

Leisure)

25,965

Zebra

Technologies

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

6,272

Zimmer

Biomet

Holdings,

Inc.

(Health

Care

Equipment

&

Supplies)

10,760

Zoetis,

Inc.

(Pharmaceuticals)

30,025

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $4,744,361)

33,637,313

Repurchase

Agreements

(b)(c) (19.8%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$8,441,823

$

8,441,000

8,441,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$8,441,000)

8,441,000

Collateral

for

Securities

Loaned

(d) (NM)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 3.67%

(e) 4,121

4,121

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $4,121)

4,121

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$13,430,855)— 99.0%

42,323,807

Net

other

assets

(liabilities) —

1.0%

412,070

NET

ASSETS

—

100.0%

$

42,735,877

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

March

31,

2026. The

total

value

of

securities

on

loan

as

of

March

31,

2026

was

$4,028.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$796,000.

(c) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

(d) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

March

31,

2026. (e) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

March

31,

2026. NM

Not

meaningful,

amount

is

less

than

0.05%

REIT

Real

Estate

Investment

Trust

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Bull

Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

E-mini

S&P

500

Futures

Contracts

6/22/26

$

2,956,838

$

(70,492)

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

Russell

2000

Index

Goldman

Sachs

International

4/27/26

4.39%

$

3,926

$

626,864

S&P

500

Goldman

Sachs

International

4/27/26

4.39%

4,204,367

9,012

$4,208,293

$635,876

Russell

2000

Index

UBS

AG

4/27/26

4.39%

38,321

S&P

500

UBS

AG

4/27/26

4.44%

1,925,913

37,721

$1,926,208

$76,042

$6,134,501

$711,918

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

ProFund

VP

Bull

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

604,158

1.4%

Air

Freight

&

Logistics

113,475

0.3%

Automobile

Components

8,819

NM

Automobiles

696,728

1.6%

Banks

1,177,084

2.8%

Beverages

377,108

0.9%

Biotechnology

600,359

1.4%

Broadline

Retail

1,249,176

3.0%

Building

Products

163,923

0.4%

Capital

Markets

1,080,425

2.5%

Chemicals

394,176

0.9%

Commercial

Services

&

Supplies

152,606

0.4%

Communications

Equipment

377,331

0.9%

Construction

&

Engineering

98,305

0.2%

Construction

Materials

85,340

0.2%

Consumer

Finance

180,208

0.4%

Consumer

Staples

Distribution

&

Retail

700,874

1.5%

Containers

&

Packaging

63,933

0.1%

Distributors

12,824

NM

Diversified

Telecommunication

Services

249,513

0.6%

Electric

Utilities

562,897

1.4%

Electrical

Equipment

403,799

0.9%

Electronic

Equipment,

Instruments

&

Components

309,119

0.7%

Energy

Equipment

&

Services

102,127

0.2%

Entertainment

458,790

1.1%

Financial

Services

1,204,930

2.8%

Food

Products

153,678

0.4%

Gas

Utilities

18,472

NM

Ground

Transportation

291,815

0.7%

Value

%

of

Net

Assets

Health

Care

Equipment

&

Supplies

$

601,434

1.4%

Health

Care

Providers

&

Services

519,046

1.2%

Health

Care

REITs

113,279

0.3%

Hotel

&

Resort

REITs

7,338

NM

Hotels,

Restaurants

&

Leisure

597,432

1.4%

Household

Durables

83,193

0.2%

Household

Products

283,270

0.7%

Independent

Power/Renewable

Electricity

Producers

34,744

0.1%

Industrial

Conglomerates

311,724

0.7%

Industrial

REITs

74,021

0.2%

Insurance

581,937

1.4%

Interactive

Media

&

Services

2,568,330

6.0%

IT

Services

267,402

0.6%

Leisure

Products

7,582

NM

Life

Sciences

Tools

&

Services

279,441

0.7%

Machinery

623,257

1.5%

Media

123,778

0.3%

Metals

&

Mining

159,833

0.4%

Multi-Utilities

222,608

0.5%

Office

REITs

8,936

NM

Oil,

Gas

&

Consumable

Fuels

1,247,590

3.0%

Passenger

Airlines

54,938

0.1%

Personal

Care

Products

30,482

0.1%

Pharmaceuticals

1,182,845

2.7%

Prime

Broker

Cash

241,373

0.6%

Professional

Services

128,696

0.3%

Real

Estate

Management

&

Development

33,952

0.1%

Residential

REITs

64,654

0.2%

Retail

REITs

92,059

0.2%

Semiconductors

56,545

0.1%

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Bull

Value

%

of

Net

Assets

Semiconductors

&

Semiconductor

Equipment

$

4,866,782

11.4%

Software

2,779,670

6.5%

Specialized

REITs

262,672

0.5%

Specialty

Retail

582,100

1.4%

Technology

Hardware,

Storage

&

Peripherals

2,426,719

5.7%

Textiles,

Apparel

&

Luxury

Goods

81,405

0.2%

Tobacco

221,573

0.5%

Trading

Companies

&

Distributors

88,062

0.2%

Water

Utilities

15,923

NM

Wireless

Telecommunication

Services

60,069

0.1%

Other

\*\*

8,857,191

20.8%

Total

$

42,735,877

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

NM

Not

meaningful,

amount

is

less

than

0.05%

REIT

Real

Estate

Investment

Trust

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Communication

Services

Common

Stocks

(98

.9

%)

Shares

Value

Alphabet,

Inc.

-

Class

A

(Interactive

Media

&

Services)

2,867

$

824,435

Alphabet,

Inc.

-

Class

C

(Interactive

Media

&

Services)

2,303

660,639

AT&T,

Inc.

(Diversified

Telecommunication

Services)

16,206

469,812

Charter

Communications,

Inc.

\*

-

Class

A

(Media)

2,111

455,723

Comcast

Corp.

-

Class

A

(Media)

16,139

463,351

EchoStar

Corp.

\*

-

Class

A

(Media)

3,969

464,650

Electronic

Arts,

Inc.

(Entertainment)

2,302

469,309

Fox

Corp.

-

Class

A

(Media)

4,805

280,612

Fox

Corp.

-

Class

B

(Media)

3,389

179,956

Live

Nation

Entertainment,

Inc.

\*

(Entertainment)

3,137

478,424

Meta

Platforms,

Inc.

-

Class

A

(Interactive

Media

&

Services)

2,462

1,408,583

Netflix,

Inc.

\*

(Entertainment)

5,017

482,385

News

Corp.

-

Class

A

(Media)

10,916

272,136

News

Corp.

-

Class

B

(Media)

3,603

102,722

Omnicom

Group,

Inc.

(Media)

6,192

466,319

Paramount

Skydance

Corp.

\*(a)

-

Class

B

(Media)

9,163

82,650

Take-Two

Interactive

Software,

Inc.

\*

(Entertainment)

2,416

477,160

The

Trade

Desk,

Inc.

\*

-

Class

A

(Media)

12,982

294,562

The

Walt

Disney

Co.

(Entertainment)

4,945

476,599

TKO

Group

Holdings,

Inc.

(Entertainment)

1,955

394,226

T-Mobile

U.S.,

Inc.

(Wireless

Telecommunication

Services)

2,180

457,865

Verizon

Communications,

Inc.

(Diversified

Telecommunication

Services)

9,272

465,454

Warner

Bros.

Discovery,

Inc.

\*

(Entertainment)

17,217

472,779

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $6,512,184)

10,600,351

Repurchase

Agreements

(b) (0

.8

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$91,009

$

91,000

$

91,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$91,000)

91,000

Collateral

for

Securities

Loaned

(c) (0

.4

%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 3.67%

(d) 39,877

39,877

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $39,877)

39,877

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$6,643,061)— 100.1%

10,731,228

Net

other

assets

(liabilities)

—

(0

.1)

%

(11,456)

NET

ASSETS

—

100.0%

$

10,719,772

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

March

31,

2026. The

total

value

of

securities

on

loan

as

of

March

31,

2026

was

$38,885.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

(c) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

March

31,

2026. (d) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

March

31,

2026. Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

Communication

Services

Select

Sector

Index

Goldman

Sachs

International

4/23/26

4.39%

$

99,827

$

(2,847)

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

ProFund

VP

Communication

Services

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Diversified

Telecommunication

Services

$

935,266

8.7%

Entertainment

3,250,882

30.3%

Interactive

Media

&

Services

2,893,657

27.0%

Media

3,062,681

28.6%

Wireless

Telecommunication

Services

457,865

4.3%

Other

\*\*

119,421

1.1%

Total

$

10,719,772

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Consumer

Discretionary

Common

Stocks

(98

.9

%)

Shares

Value

Airbnb,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

1,750

$

220,990

Amazon.com,

Inc.

\*

(Broadline

Retail)

18,751

3,905,271

Aptiv

PLC

\*

(Automobile

Components)

879

61,038

AutoZone,

Inc.

\*

(Specialty

Retail)

229,689

Best

Buy

Co.,

Inc.

(Specialty

Retail)

805

51,681

Booking

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

559,972

Carnival

Corp.

(Hotels,

Restaurants

&

Leisure)

4,751

122,956

Carvana

Co.

\*

(Specialty

Retail)

584

183,598

Chipotle

Mexican

Grill,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

5,380

172,214

D.R.

Horton,

Inc.

(Household

Durables)

1,113

152,726

Darden

Restaurants,

Inc.

(Hotels,

Restaurants

&

Leisure)

93,315

Deckers

Outdoor

Corp.

\*

(Textiles,

Apparel

&

Luxury

Goods)

586

58,653

Domino's

Pizza,

Inc.

(Hotels,

Restaurants

&

Leisure)

45,925

DoorDash,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

1,544

231,832

eBay,

Inc.

(Broadline

Retail)

1,867

169,934

Expedia

Group,

Inc.

(Hotels,

Restaurants

&

Leisure)

111,520

Ford

Motor

Co.

(Automobiles)

16,187

186,798

Garmin,

Ltd.

(Household

Durables)

675

156,607

General

Motors

Co.

(Automobiles)

3,734

278,183

Genuine

Parts

Co.

(Distributors)

575

60,806

Hasbro,

Inc.

(Leisure

Products)

551

51,574

Hilton

Worldwide

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

947

287,964

Las

Vegas

Sands

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

1,249

67,296

Lennar

Corp.

-

Class

A

(Household

Durables)

891

77,374

Lowe's

Cos.,

Inc.

(Specialty

Retail)

2,317

547,461

Lululemon

Athletica,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

67,517

Marriott

International,

Inc.

-

Class

A

(Hotels,

Restaurants

&

Leisure)

910

297,590

McDonald's

Corp.

(Hotels,

Restaurants

&

Leisure)

2,399

745,584

MGM

Resorts

International

(Hotels,

Restaurants

&

Leisure)

793

29,349

NIKE,

Inc.

-

Class

B

(Textiles,

Apparel

&

Luxury

Goods)

4,922

259,980

Norwegian

Cruise

Lines

Holdings,

Ltd.

\*

(Hotels,

Restaurants

&

Leisure)

1,881

35,175

Common

Stocks,

continued

Shares

Value

NVR,

Inc.

\*

(Household

Durables)

$

79,078

O'Reilly

Automotive,

Inc.

\*

(Specialty

Retail)

3,478

321,054

Pool

Corp.

(Distributors)

27,315

PulteGroup,

Inc.

(Household

Durables)

794

93,382

Ralph

Lauren

Corp.

(Textiles,

Apparel

&

Luxury

Goods)

55,038

Ross

Stores,

Inc.

(Specialty

Retail)

1,336

289,418

Royal

Caribbean

Cruises,

Ltd.

(Hotels,

Restaurants

&

Leisure)

1,039

285,912

Starbucks

Corp.

(Hotels,

Restaurants

&

Leisure)

4,706

421,611

Tapestry,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

836

117,968

Tesla,

Inc.

\*

(Automobiles)

8,469

3,148,351

The

Home

Depot,

Inc.

(Specialty

Retail)

2,998

986,011

The

TJX

Cos.,

Inc.

(Specialty

Retail)

4,587

732,544

Tractor

Supply

Co.

(Specialty

Retail)

2,183

98,890

Ulta

Beauty,

Inc.

\*

(Specialty

Retail)

95,656

Williams-Sonoma,

Inc.

(Specialty

Retail)

89,889

Wynn

Resorts,

Ltd.

(Hotels,

Restaurants

&

Leisure)

35,441

Yum!

Brands,

Inc.

(Hotels,

Restaurants

&

Leisure)

1,147

178,336

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $6,669,358)

16,576,466

Repurchase

Agreements

(a) (1

.0

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$176,017

$

176,000

176,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$176,000)

176,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$6,845,358)— 99.9%

16,752,466

Net

other

assets

(liabilities)

—

.1

%

22,265

NET

ASSETS

—

100.0%

$

16,774,731

\*

Non-income

producing

security.

(a) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

Consumer

Discretionary

Select

Sector

Index

Goldman

Sachs

International

4/23/26

4.39%

$

191,692

$

(1,754)

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Consumer

Discretionary

ProFund

VP

Consumer

Discretionary

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Automobile

Components

$

61,038

0.4%

Automobiles

3,613,332

21.5%

Broadline

Retail

4,075,205

24.4%

Distributors

88,121

0.5%

Hotels,

Restaurants

&

Leisure

3,942,982

23.6%

Household

Durables

559,167

3.3%

Leisure

Products

51,574

0.3%

Specialty

Retail

3,625,891

21.6%

Textiles,

Apparel

&

Luxury

Goods

559,156

3.3%

Other

\*\*

198,265

1.1%

Total

$

16,774,731

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Consumer

Staples

Common

Stocks

(97

.3

%)

Shares

Value

Altria

Group,

Inc.

(Tobacco)

7,449

$

491,560

Archer-Daniels-Midland

Co.

(Food

Products)

3,483

253,179

Brown-Forman

Corp.

-

Class

B

(Beverages)

1,238

32,733

Bunge

Global

SA

(Food

Products)

981

124,783

Campbell

Soup

Co.

(a) (Food

Products)

1,426

31,757

Church

&

Dwight

Co.,

Inc.

(Household

Products)

1,715

160,044

Colgate-Palmolive

Co.

(Household

Products)

5,514

469,958

Conagra

Brands,

Inc.

(Food

Products)

3,467

54,501

Constellation

Brands,

Inc.

-

Class

A

(Beverages)

1,018

152,700

Costco

Wholesale

Corp.

(Consumer

Staples

Distribution

&

Retail)

1,036

1,032,301

Dollar

General

Corp.

(Consumer

Staples

Distribution

&

Retail)

1,595

189,374

Dollar

Tree,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

1,340

146,743

General

Mills,

Inc.

(Food

Products)

3,867

143,930

Hormel

Foods

Corp.

(Food

Products)

2,113

47,859

Kenvue,

Inc.

\*

(Personal

Care

Products)

13,885

239,377

Keurig

Dr

Pepper,

Inc.

(Beverages)

9,845

259,219

Kimberly-Clark

Corp.

(Household

Products)

2,405

232,010

McCormick

&

Co.,

Inc.

(Food

Products)

1,838

92,709

Molson

Coors

Beverage

Co.

-

Class

B

(Beverages)

1,227

52,835

Mondelez

International,

Inc.

-

Class

A

(Food

Products)

8,926

514,496

Monster

Beverage

Corp.

\*

(Beverages)

5,169

374,546

PepsiCo,

Inc.

(Beverages)

3,190

495,375

Philip

Morris

International,

Inc.

(Tobacco)

3,633

600,680

Sysco

Corp.

(Consumer

Staples

Distribution

&

Retail)

3,471

247,586

Target

Corp.

(Consumer

Staples

Distribution

&

Retail)

3,281

397,657

The

Clorox

Co.

(Household

Products)

876

90,780

The

Coca-Cola

Co.

(Beverages)

9,036

687,187

The

Estee

Lauder

Cos.,

Inc.

(Personal

Care

Products)

1,792

128,612

The

Hershey

Co.

(Food

Products)

1,074

223,274

The

J.M.

Smucker

Co.

(Food

Products)

773

74,548

The

Kraft

Heinz

Co.

(Food

Products)

6,176

138,898

The

Kroger

Co.

(Consumer

Staples

Distribution

&

Retail)

4,219

305,287

The

Procter

&

Gamble

Co.

(Household

Products)

5,424

783,443

Common

Stocks,

continued

Shares

Value

Tyson

Foods,

Inc.

-

Class

A

(Food

Products)

2,044

$

130,959

Walmart,

Inc.

(Consumer

Staples

Distribution

&

Retail)

10,231

1,271,510

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $5,546,455)

10,672,410

Repurchase

Agreements

(b) (4

.1

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$450,044

$

450,000

450,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$450,000)

450,000

Collateral

for

Securities

Loaned

(c) (0

.3

%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 3.67%

(d) 29,712

29,712

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $29,712)

29,712

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$6,026,167)— 101.7%

11,152,122

Net

other

assets

(liabilities)

—

(1

.7)

%

(190,755)

NET

ASSETS

—

100.0%

$

10,961,367

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

March

31,

2026. The

total

value

of

securities

on

loan

as

of

March

31,

2026

was

$29,085.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

(c) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

March

31,

2026. (d) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

March

31,

2026. Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

Consumer

Staples

Select

Sector

Index

Goldman

Sachs

International

4/23/26

4.39%

$

275,278

$

1,108

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

ProFund

VP

Consumer

Staples

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Beverages

$

2,054,595

18.7%

Consumer

Staples

Distribution

&

Retail

3,590,458

32.7%

Food

Products

1,830,893

16.7%

Household

Products

1,736,235

15.8%

Personal

Care

Products

367,989

3.4%

Tobacco

1,092,240

10.0%

Other

\*\*

288,957

2.7%

Total

$

10,961,367

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Dow

Repurchase

Agreements

(a) (b) (97

.6

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$355,035

$

355,000

$

355,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$355,000)

355,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$355,000)— 97.6%

355,000

Net

other

assets

(liabilities)

—

.4

%

8,550

NET

ASSETS

—

100.0%

$

363,550

(a) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$51,000.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

Dow

Jones

Industrial

Average

Goldman

Sachs

International

4/27/26

4.39%

$

288,301

$

7,171

Dow

Jones

Industrial

Average

UBS

AG

4/27/26

4.44%

74,494

1,853

$362,795

$9,024

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Emerging

Markets

Common

Stocks

(91

.2

%)

Shares

Value

Alibaba

Group

Holding,

Ltd.

ADR

(Broadline

Retail)

38,091

$

4,778,898

Ambev

S.A.

\*ADR(a)

(Beverages)

67,902

198,274

America

Movil

S.A.B.

de

C.V.

\*ADR

(Wireless

Telecommunication

Services)

14,416

367,320

ASE

Technology

Holding

Co.,

Ltd.

ADR

(Semiconductors

&

Semiconductor

Equipment)

28,027

607,625

Axia

Energia

\*ADR

(Electric

Utilities)

14,565

164,293

Baidu,

Inc.

\*ADR

(Interactive

Media

&

Services)

4,440

494,705

Banco

Bradesco

S.A.

ADR

(Banks)

84,374

307,965

Banco

de

Chile

ADR

(Banks)

3,707

137,307

BeOne

Medicines,

Ltd.

\*ADR

(Biotechnology)

1,155

343,000

Bilibili,

Inc.

\*ADR(a)

(Entertainment)

4,650

104,904

Cemex

S.A.B.

de

C.V.

\*ADR

(Construction

Materials)

24,153

276,310

Chunghwa

Telecom

Co.,

Ltd.

ADR

(Diversified

Telecommunication

Services)

6,065

256,186

Cia

de

Saneamento

Basico

do

Estado

de

Sao

Paulo

\*ADR

(Water

Utilities)

7,547

230,257

Dr.

Reddy's

Laboratories,

Ltd.

\*ADR(a)

(Pharmaceuticals)

9,721

134,636

Embraer

S.A.

ADR

(Aerospace

&

Defense)

2,776

164,728

Fomento

Economico

Mexicano

S.A.B.

de

C.V.

ADR

(Beverages)

2,701

299,973

Full

Truck

Alliance

Co.,

Ltd.

ADR

(Ground

Transportation)

13,189

109,469

Gold

Fields,

Ltd.

ADR

(Metals

&

Mining)

14,361

651,989

Grupo

Aeroportuario

del

Pacifico

S.A.B.

de

C.V.

ADR

(Transportation

Infrastructure)

651

160,712

Grupo

Cibest

S.A.

ADR

(Banks)

1,777

129,383

H

World

Group,

Ltd.

\*ADR

(Hotels,

Restaurants

&

Leisure)

2,749

138,247

Harmony

Gold

Mining

Co.,

Ltd.

\*ADR(a)

(Metals

&

Mining)

8,710

133,873

HDFC

Bank,

Ltd.

ADR

(Banks)

60,557

1,506,658

ICICI

Bank,

Ltd.

ADR

(Banks)

42,224

1,093,602

Infosys,

Ltd.

ADR(a)

(IT

Services)

56,345

761,221

Itau

Unibanco

Holding

S.A.

ADR

(Banks)

86,304

723,227

JD.com,

Inc.

ADR

(Broadline

Retail)

22,856

675,852

KB

Financial

Group,

Inc.

\*ADR

(Banks)

5,532

551,707

KE

Holdings,

Inc.

ADR(a)

(Real

Estate

Management

&

Development)

10,322

154,520

Korea

Electric

Power

Corp.

\*ADR

(Electric

Utilities)

8,194

116,765

Li

Auto,

Inc.

\*ADR(a)

(Automobiles)

9,541

170,116

NetEase,

Inc.

ADR

(Entertainment)

5,455

610,634

New

Oriental

Education

&

Technology

Group,

Inc.

\*ADR

(Diversified

Consumer

Services)

2,188

123,906

NIO,

Inc.

\*ADR(a)

(Automobiles)

29,328

176,848

PDD

Holdings,

Inc.

\*ADR

(Broadline

Retail)

12,457

1,272,856

Petroleo

Brasileiro

S.A.

ADR

(Oil,

Gas

&

Consumable

Fuels)

29,686

615,985

POSCO

Holdings,

Inc.

\*ADR

(Metals

&

Mining)

4,803

280,927

Shinhan

Financial

Group

Co.,

Ltd.

\*ADR

(Banks)

7,359

451,254

Sibanye

Stillwater,

Ltd.

ADR

(Metals

&

Mining)

11,290

139,093

Sociedad

Quimica

y

Minera

de

Chile

S.A.

ADR

(Chemicals)

2,278

184,381

Taiwan

Semiconductor

Manufacturing

Co.,

Ltd.

ADR

(Semiconductors

&

Semiconductor

Equipment)

16,851

5,694,795

Telekomunikasi

Indonesia

Persero

Tbk.

\*ADR

(Diversified

Telecommunication

Services)

7,271

135,822

Tencent

Music

Entertainment

Group

\*ADR

(Entertainment)

7,887

73,191

Trip.com

Group,

Ltd.

\*ADR

(Hotels,

Restaurants

&

Leisure)

9,698

482,864

United

Microelectronics

Corp.

ADR(a)

(Semiconductors

&

Semiconductor

Equipment)

37,759

339,076

Vale

S.A.

ADR

(Metals

&

Mining)

57,212

910,243

Woori

Financial

Group,

Inc.

ADR

(Banks)

3,592

239,227

XPeng,

Inc.

\*ADR(a)

(Automobiles)

11,720

200,529

ZTO

Express

Cayman,

Inc.

\*ADR

(Air

Freight

&

Logistics)

6,584

165,719

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $13,817,005)

28,041,072

Common

Stocks,

continued

Shares

Value

Preferred

Stocks

(2.1%)

Petroleo

Brasileiro

S.A.

\*ADR

(Oil,

Gas

&

Consumable

Fuels)

35,195

$

659,906

TOTAL

PREFERRED

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $131,085)

659,906

Repurchase

Agreements

(b) (c) (1

.1

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$339,033

$

339,000

339,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$339,000)

339,000

Collateral

for

Securities

Loaned

(d) (7

.3

%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 3.67%

(e) 2,238,228

2,238,228

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $2,238,228)

2,238,228

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$16,525,318)— 101.7%

31,278,206

Net

other

assets

(liabilities)

—

(1

.7)

%

(527,087)

NET

ASSETS

—

100.0%

$

30,751,119

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

March

31,

2026. The

total

value

of

securities

on

loan

as

of

March

31,

2026

was

$2,225,277.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$339,000.

(c) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

(d) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

March

31,

2026. (e) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

March

31,

2026. ADR

American

Depositary

Receipt

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Emerging

Markets

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

Emerging

ADR

Index

(USD)

Goldman

Sachs

International

4/27/26

4.39%

$

1,139,536

$

31,334

S&P

Emerging

ADR

Index

(USD)

UBS

AG

4/27/26

4.44%

897,743

25,350

$2,037,279

$56,684

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

ProFund

VP

Emerging

Markets

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

164,728

0.5%

Air

Freight

&

Logistics

165,719

0.5%

Automobiles

547,493

1.8%

Banks

5,140,330

16.9%

Beverages

498,247

1.6%

Biotechnology

343,000

1.1%

Broadline

Retail

6,727,606

21.9%

Chemicals

184,381

0.6%

Construction

Materials

276,310

0.9%

Diversified

Consumer

Services

123,906

0.4%

Diversified

Telecommunication

Services

392,008

1.2%

Electric

Utilities

281,058

0.9%

Entertainment

788,729

2.5%

Ground

Transportation

109,469

0.4%

Hotels,

Restaurants

&

Leisure

621,111

2.0%

Interactive

Media

&

Services

494,705

1.6%

IT

Services

761,221

2.5%

Metals

&

Mining

2,116,125

7.0%

Oil,

Gas

&

Consumable

Fuels

1,275,891

4.1%

Pharmaceuticals

134,636

0.4%

Real

Estate

Management

&

Development

154,520

0.5%

Semiconductors

&

Semiconductor

Equipment

6,641,496

21.6%

Transportation

Infrastructure

160,712

0.5%

Water

Utilities

230,257

0.7%

Wireless

Telecommunication

Services

367,320

1.2%

Other

\*\*

2,050,141

6.7%

Total

$

30,751,119

100.0%

ProFund

VP

Emerging

Markets

invested

in

securities

with

exposure

to

the

following

countries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Brazil

$

3,974,878

12.9%

Chile

321,688

1.0%

China

10,076,258

32.7%

Colombia

129,383

0.4%

India

3,496,117

11.4%

Indonesia

135,822

0.4%

Mexico

1,104,315

3.6%

South

Africa

924,955

3.1%

South

Korea

1,639,880

5.4%

Taiwan

6,897,682

22.4%

Other

\*\*

2,050,141

.7

%

Total

$

30,751,119

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Energy

Common

Stocks

(98

.9

%)

Shares

Value

APA

Corp.

(Oil,

Gas

&

Consumable

Fuels)

8,498

$

360,655

Baker

Hughes

Co.

(Energy

Equipment

&

Services)

23,680

1,445,664

Chevron

Corp.

(Oil,

Gas

&

Consumable

Fuels)

37,888

7,839,028

ConocoPhillips

(Oil,

Gas

&

Consumable

Fuels)

24,763

3,268,716

Coterra

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

18,178

638,775

Devon

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

14,863

747,906

Diamondback

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

4,651

919,921

EOG

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

13,002

1,879,699

EQT

Corp.

(Oil,

Gas

&

Consumable

Fuels)

14,954

951,673

Expand

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

5,707

626,514

Exxon

Mobil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

63,400

10,756,445

Halliburton

Co.

(Energy

Equipment

&

Services)

20,069

782,490

Kinder

Morgan,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

46,912

1,572,959

Marathon

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

7,069

1,726,108

Occidental

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

17,233

1,120,145

ONEOK,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

15,077

1,362,810

Phillips

(Oil,

Gas

&

Consumable

Fuels)

9,655

1,758,948

SLB,

Ltd.

(Energy

Equipment

&

Services)

35,830

1,841,304

Targa

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

5,144

1,289,755

Texas

Pacific

Land

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,388

658,689

Common

Stocks,

continued

Shares

Value

The

Williams

Cos.,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

25,272

$

1,839,296

Valero

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

7,309

1,805,908

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $12,282,528)

45,193,408

Repurchase

Agreements

(a) (0

.8

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$365,036

$

365,000

365,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$365,000)

365,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$12,647,528)— 99.7%

45,558,408

Net

other

assets

(liabilities)

—

.3

%

133,450

NET

ASSETS

—

100.0%

$

45,691,858

(a) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

Energy

Select

Sector

Index

Goldman

Sachs

International

4/23/26

4.39%

$

496,419

$

30,603

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

ProFund

VP

Energy

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Energy

Equipment

&

Services

$

4,069,458

8.9%

Oil,

Gas

&

Consumable

Fuels

41,123,950

90.0%

Other

\*\*

498,450

1.1%

Total

$

45,691,858

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Europe

Common

Stocks

(100.1%)

Shares

Value

Anheuser-Busch

InBev

S.A./N.V.

ADR

(Beverages)

8,418

$

583,957

ArcelorMittal

SA

ADR

(Metals

&

Mining)

7,728

401,701

Argenx

SE

\*ADR

(Biotechnology)

302,324

ARM

Holdings

PLC

\*ADR

(Semiconductors

&

Semiconductor

Equipment)

4,692

709,806

ASML

Holding

N.V.

(Semiconductors

&

Semiconductor

Equipment)

690

911,372

AstraZeneca

plc

ADR

(Pharmaceuticals)

2,622

517,111

Barclays

PLC

ADR

(Banks)

18,079

382,552

BioNTech

SE

\*ADR

(Biotechnology)

3,450

306,636

BP

PLC

ADR

(Oil,

Gas

&

Consumable

Fuels)

13,387

629,189

British

American

Tobacco

PLC

ADR

(Tobacco)

9,384

548,682

Diageo

PLC

ADR

(Beverages)

4,416

328,771

Equinor

ASA

ADR

(Oil,

Gas

&

Consumable

Fuels)

17,113

722,169

GSK

PLC

ADR

(Pharmaceuticals)

9,799

540,807

Haleon

PLC

\*ADR

(Personal

Care

Products)

36,848

368,848

HSBC

Holdings

PLC

ADR

(Banks)

10,627

876,621

ING

Groep

N.V.

ADR

(Banks)

16,147

420,629

National

Grid

PLC

ADR

(Multi-Utilities)

5,658

478,667

Nokia

Oyj

\*ADR

(Communications

Equipment)

54,651

439,394

Novo

Nordisk

A/S

ADR

(Pharmaceuticals)

14,629

537,616

RELX

PLC

ADR

(Professional

Services)

10,489

347,710

Rio

Tinto

PLC

ADR

(Metals

&

Mining)

7,038

656,575

Ryanair

Holdings

PLC

\*ADR

(Passenger

Airlines)

4,830

279,174

Sanofi

S.A.

ADR

(Pharmaceuticals)

10,765

518,658

SAP

SE

ADR

(Software)

3,174

543,421

Shell

PLC

ADR

(Oil,

Gas

&

Consumable

Fuels)

9,661

898,473

Telefonaktiebolaget

LM

Ericsson

ADR

(a) (Communications

Equipment)

35,468

399,724

Tenaris

S.A.

ADR

(Energy

Equipment

&

Services)

8,280

481,731

TotalEnergies

S.E.

(Oil,

Gas

&

Consumable

Fuels)

8,694

790,980

Unilever

PLC

ADR

(Household

Products)

8,832

503,159

Vodafone

Group

PLC

ADR

(Wireless

Telecommunication

Services)

25,945

389,694

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $8,183,246)

15,816,151

Collateral

for

Securities

Loaned

(b) (2.4%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 3.67%

(c) 380,823

380,823

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $380,823)

380,823

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$8,564,069)— 102.5%

16,196,974

Net

other

assets

(liabilities) —

(2.5)%

(393,248)

NET

ASSETS

—

100.0%

$

15,803,726

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

March

31,

2026. The

total

value

of

securities

on

loan

as

of

March

31,

2026

was

$373,206.

(b) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

March

31,

2026. (c) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

March

31,

2026. ADR

American

Depositary

Receipt

ProFund

VP

Europe

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Banks

$

1,679,802

10.6%

Value

%

of

Net

Assets

Beverages

$

912,728

5.8%

Biotechnology

608,960

3.8%

Communications

Equipment

839,118

5.3%

Energy

Equipment

&

Services

481,731

3.1%

Household

Products

503,159

3.2%

Metals

&

Mining

1,058,276

6.7%

Multi-Utilities

478,667

3.0%

Oil,

Gas

&

Consumable

Fuels

3,040,811

19.2%

Passenger

Airlines

279,174

1.8%

Personal

Care

Products

368,848

2.3%

Pharmaceuticals

2,114,192

13.4%

Professional

Services

347,710

2.2%

Semiconductors

&

Semiconductor

Equipment

1,621,178

10.2%

Software

543,421

3.5%

Tobacco

548,682

3.5%

Wireless

Telecommunication

Services

389,694

2.5%

Other

\*\*

(12,425)

(0.1)%

Total

$

15,803,726

100.0%

ProFund

VP

Europe

invested

in

securities

with

exposure

to

the

following

countries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Belgium

$

583,957

3.7%

Denmark

537,616

3.4%

Finland

439,394

2.8%

France

1,309,638

8.3%

Germany

850,057

5.4%

Ireland

279,174

1.8%

Luxembourg

883,432

5.6%

Netherlands

1,634,325

10.3%

Norway

722,169

4.6%

Sweden

399,724

2.5%

United

Kingdom

8,176,665

51.7%

Other

\*\*

(12,425)

(0.1)%

Total

$

15,803,726

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Falling

U.S.

Dollar

Repurchase

Agreements

(a)(b) (101.5%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$583,057

$

583,000

$

583,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$583,000)

583,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$1,248,254)— 216.5%

1,243,158

Net

other

assets

(liabilities) —

(116.5)%

(668,858)

NET

ASSETS

—

100.0%

$

574,300

(a) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

forward

currency

contract

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$12,000.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

As

of

March

31,

2026,

the

ProFund

VP

Falling

U.S.

Dollar's

forward

currency

contracts

with

Goldman

Sachs

International

were

as

follows:

Description

and

amount

of

currency

purchased

Description

and

amount

of

currency

sold

Delivery

Date

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Short:

U.S.

dollar

$

10,015

British

pound

7,552

4/10/26

$

9,995

$

U.S.

dollar

6,966

Canadian

dollar

9,669

4/10/26

6,955

U.S.

dollar

50,637

Euro

43,984

4/10/26

50,858

(221) U.S.

dollar

11,575

Japanese

yen

1,843,153

4/10/26

11,626

(51) U.S.

dollar

3,346

Swedish

krona

31,707

4/10/26

3,353

(7) U.S.

dollar

2,804

Swiss

franc

2,230

4/10/26

2,793

Total

Short

Contracts

$

85,343

$

85,580

$(237)

Description

and

amount

of

currency

purchased

Description

and

amount

of

currency

sold

Delivery

Date

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Long:

British

pound

24,746

U.S.

dollar

$

33,189

4/10/26

$

32,749

$

(440) Canadian

dollar

38,560

U.S.

dollar

28,414

4/10/26

27,736

(678) Euro

152,063

U.S.

dollar

176,430

4/10/26

175,828

(602) Japanese

yen

6,361,402

U.S.

dollar

40,219

4/10/26

40,127

(92) Swedish

krona

120,615

U.S.

dollar

13,128

4/10/26

12,755

(373) Swiss

franc

9,621

U.S.

dollar

12,383

4/10/26

12,050

(333) Total

Long

Contracts

$

303,763

$

301,245

$

(2,518)

As

of

March

31,

2026,

the

ProFund

VP

Falling

U.S.

Dollar's

forward

currency

contracts

with

UBS

AG

were

as

follows:

Description

and

amount

of

currency

purchased

Description

and

amount

of

currency

sold

Delivery

Date

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Long:

British

pound

34,339

U.S.

dollar

$

46,012

4/10/26

$

45,443

$

(569) Canadian

dollar

43,384

U.S.

dollar

31,957

4/10/26

31,205

(752) Euro

178,646

U.S.

dollar

207,042

4/10/26

206,566

(476) Japanese

yen

7,863,896

U.S.

dollar

49,701

4/10/26

49,604

(97) Swedish

krona

139,931

U.S.

dollar

15,183

4/10/26

14,798

(385) Swiss

franc

9,020

U.S.

dollar

11,596

4/10/26

11,297

(299) Total

Long

Contracts

$

361,491

$

358,913

$

(2,578)

Total

unrealized

appreciation

$42

Total

unrealized

(depreciation)

(5,375)

Total

net

unrealized

appreciation/(depreciation)

$(5,333)

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Financials

Common

Stocks

(98

.4

%)

Shares

Value

Aflac,

Inc.

(Insurance)

1,713

$

187,933

Allstate

Corp.

(Insurance)

954

197,802

American

Express

Co.

(Consumer

Finance)

1,965

594,373

American

International

Group,

Inc.

(Insurance)

1,968

148,092

Ameriprise

Financial,

Inc.

(Capital

Markets)

148,874

Aon

PLC

-

Class

A

(Insurance)

787

254,028

Apollo

Global

Management,

Inc.

(Financial

Services)

1,704

189,860

Arch

Capital

Group,

Ltd.

\*

(Insurance)

1,311

125,843

Ares

Management

Corporation

-

Class

A

(Capital

Markets)

756

82,480

Arthur

J. Gallagher

&

Co.

(Insurance)

943

204,235

Assurant,

Inc.

(Insurance)

40,077

Bank

of

America

Corp.

(Banks)

24,344

1,186,770

Berkshire

Hathaway,

Inc.

\*

-

Class

B

(Financial

Services)

6,727

3,223,578

BlackRock,

Inc.

(Capital

Markets)

529

508,745

Blackstone,

Inc.

(Capital

Markets)

2,747

315,878

Block,

Inc.

\*

(Financial

Services)

2,009

120,902

Brown

&

Brown,

Inc.

(Insurance)

1,074

70,036

Capital

One

Financial

Corp.

(Consumer

Finance)

2,293

418,312

Cboe

Global

Markets,

Inc.

(Capital

Markets)

107,931

Chubb,

Ltd.

(Insurance)

1,334

434,790

Cincinnati

Financial

Corp.

(Insurance)

572

90,004

Citigroup,

Inc.

(Banks)

6,411

727,072

Citizens

Financial

Group,

Inc.

(Banks)

1,559

93,493

CME

Group,

Inc.

(Capital

Markets)

1,323

390,748

Coinbase

Global,

Inc.

\*

-

Class

A

(Capital

Markets)

818

142,831

Corpay,

Inc.

\*

(Software)

74,784

Erie

Indemnity

Co.

-

Class

A

(Insurance)

23,372

Everest

Group,

Ltd.

(Insurance)

48,701

FactSet

Research

Systems,

Inc.

(Capital

Markets)

29,511

Fidelity

National

Information

Services,

Inc.

(Financial

Services)

1,900

89,129

Fifth

Third

Bancorp

(Banks)

3,302

153,411

First

Horizon

Corp.

(Banks)

—

(a) 9

Fiserv,

Inc.

\*

(Financial

Services)

1,973

110,093

Franklin

Resources,

Inc.

(Capital

Markets)

1,127

26,620

Global

Payments,

Inc.

(Financial

Services)

873

58,753

Globe

Life,

Inc.

(Insurance)

40,638

Huntington

Bancshares,

Inc.

(Banks)

7,447

116,546

Interactive

Brokers

Group,

Inc.

-

Class

A

(Capital

Markets)

1,634

109,592

Intercontinental

Exchange,

Inc.

(Capital

Markets)

2,083

327,614

Invesco,

Ltd.

(Capital

Markets)

1,629

39,568

Jack

Henry

&

Associates,

Inc.

(Financial

Services)

41,881

JPMorgan

Chase

&

Co.

(Banks)

9,892

2,909,830

KeyCorp

(Banks)

3,438

68,932

KKR

&

Co.,

Inc.

(Capital

Markets)

2,518

232,915

Loews

Corp.

(Insurance)

620

66,179

M&T

Bank

Corp.

(Banks)

557

115,143

Marsh

&

McLennan

Cos.,

Inc.

(Insurance)

1,776

308,047

MasterCard,

Inc.

-

Class

A

(Financial

Services)

2,988

1,492,984

MetLife,

Inc.

(Insurance)

2,019

142,784

Common

Stocks,

continued

Shares

Value

Moody's

Corp.

(Capital

Markets)

563

$

245,609

Morgan

Stanley

(Capital

Markets)

4,414

726,412

MSCI,

Inc.

(Capital

Markets)

145,533

Nasdaq,

Inc.

(Capital

Markets)

1,648

139,899

Northern

Trust

Corp.

(Capital

Markets)

684

95,466

PayPal

Holdings,

Inc.

\*

(Financial

Services)

3,378

152,787

PNC

Financial

Services

Group,

Inc.

(Banks)

1,482

308,389

Principal

Financial

Group,

Inc.

(Insurance)

726

65,420

Prudential

Financial,

Inc.

(Insurance)

1,277

124,750

Raymond

James

Financial,

Inc.

(Capital

Markets)

644

93,245

Regions

Financial

Corp.

(Banks)

3,184

83,166

Robinhood

Markets,

Inc.

\*

-

Class

A

(Capital

Markets)

2,900

200,970

S&P

Global,

Inc.

(Capital

Markets)

1,123

477,657

State

Street

Corp.

(Capital

Markets)

1,024

129,597

Synchrony

Financial

(Consumer

Finance)

1,275

86,726

T. Rowe

Price

Group,

Inc.

(Capital

Markets)

802

72,292

The

Bank

of

New

York

Mellon

Corp.

(Capital

Markets)

2,525

299,541

The

Charles

Schwab

Corp.

(Capital

Markets)

6,128

575,909

The

Goldman

Sachs

Group,

Inc.

(Capital

Markets)

1,100

930,588

The

Hartford

Financial

Services

Group,

Inc.

(Insurance)

1,023

138,340

The

Progressive

Corp.

(Insurance)

2,150

426,216

The

Travelers

Cos.,

Inc.

(Insurance)

793

231,302

Truist

Financial

Corp.

(Banks)

4,632

212,933

U.S.

Bancorp

(Banks)

5,703

296,613

Visa,

Inc.

-

Class

A

(Financial

Services)

6,167

1,863,914

W.R.

Berkley

Corp.

(Insurance)

1,093

72,444

Wells

Fargo

&

Co.

(Banks)

11,346

903,255

Willis

Towers

Watson

PLC

(Insurance)

101,454

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $4,854,615)

25,832,150

Repurchase

Agreements

(b) (0

.9

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$228,022

$

228,000

228,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$228,000)

228,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$5,082,615)— 99.3%

26,060,150

Net

other

assets

(liabilities)

—

.7

%

171,062

NET

ASSETS

—

100.0%

$

26,231,212

\*

Non-income

producing

security.

(a) Number

of

shares

is

less

than

0.50. (b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

Financial

Select

Sector

Index

Goldman

Sachs

International

4/23/26

4.39%

$

282,789

$

(1,314)

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Financials

ProFund

VP

Financials

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Banks

$

7,175,562

27.4%

Capital

Markets

6,596,025

25.1%

Consumer

Finance

1,099,411

4.2%

Financial

Services

7,343,881

27.9%

Insurance

3,542,487

13.5%

Software

74,784

0.3%

Other

\*\*

399,062

1.6%

Total

$

26,231,212

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Health

Care

Common

Stocks

(98.6%)

Shares

Value

Abbott

Laboratories

(Health

Care

Equipment

&

Supplies)

9,419

$

967,048

AbbVie,

Inc.

(Biotechnology)

9,573

2,082,033

Agilent

Technologies,

Inc.

(Life

Sciences

Tools

&

Services)

1,532

174,617

Align

Technology,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

61,886

Amgen,

Inc.

(Biotechnology)

2,917

1,026,346

Baxter

International,

Inc.

(Health

Care

Equipment

&

Supplies)

2,787

46,822

Becton,

Dickinson

&

Co.

(Health

Care

Equipment

&

Supplies)

1,542

242,449

Biogen,

Inc.

\*

(Biotechnology)

795

145,747

Bio-Techne

Corp.

(Life

Sciences

Tools

&

Services)

847

44,264

Boston

Scientific

Corp.

\*

(Health

Care

Equipment

&

Supplies)

8,033

504,071

Bristol-Myers

Squibb

Co.

(Pharmaceuticals)

11,031

669,030

Cardinal

Health,

Inc.

(Health

Care

Providers

&

Services)

1,275

269,420

Cencora

,

Inc.

(Health

Care

Providers

&

Services)

1,054

331,104

Centene

Corp.

\*

(Health

Care

Providers

&

Services)

2,531

82,865

Charles

River

Laboratories

International,

Inc.

\*

(Life

Sciences

Tools

&

Services)

46,058

CVS

Health

Corp.

(Health

Care

Providers

&

Services)

6,891

494,912

Danaher

Corp.

(Life

Sciences

Tools

&

Services)

3,408

646,157

DaVita,

Inc.

\*

(Health

Care

Providers

&

Services)

27,818

Dexcom,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

2,085

130,938

Edwards

LifeSciences

Corp.

\*

(Health

Care

Equipment

&

Supplies)

3,143

251,691

Elevance

Health,

Inc.

(Health

Care

Providers

&

Services)

1,195

349,836

Eli

Lilly

&

Co.

(Pharmaceuticals)

4,292

3,947,653

GE

HealthCare

Technologies,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

2,469

175,743

Gilead

Sciences,

Inc.

(Biotechnology)

6,720

936,566

HCA

Healthcare,

Inc.

(Health

Care

Providers

&

Services)

848

401,308

Henry

Schein,

Inc.

\*

(Health

Care

Providers

&

Services)

542

39,945

Hologic,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,206

91,162

Humana,

Inc.

(Health

Care

Providers

&

Services)

653

113,224

IDEXX

Laboratories,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

243,298

Incyte

Corp.

\*

(Biotechnology)

906

85,273

Insulet

Corp.

\*

(Health

Care

Equipment

&

Supplies)

79,949

Intuitive

Surgical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,924

886,944

IQVIA

Holdings,

Inc.

\*

(Life

Sciences

Tools

&

Services)

919

156,726

Johnson

&

Johnson

(Pharmaceuticals)

13,054

3,190,920

Labcorp

Holdings,

Inc.

(Health

Care

Providers

&

Services)

119,798

McKesson

Corp.

(Health

Care

Providers

&

Services)

663

573,734

Medtronic

PLC

(Health

Care

Equipment

&

Supplies)

6,944

601,698

Merck

&

Co.,

Inc.

(Pharmaceuticals)

13,444

1,617,179

Common

Stocks,

continued

Shares

Value

Mettler-Toledo

International,

Inc.

\*

(Life

Sciences

Tools

&

Services)

$

138,732

Moderna,

Inc.

\*

(Biotechnology)

1,884

95,707

Pfizer,

Inc.

(Pharmaceuticals)

30,798

864,808

Quest

Diagnostics,

Inc.

(Health

Care

Providers

&

Services)

596

116,804

Regeneron

Pharmaceuticals,

Inc.

(Biotechnology)

546

421,861

ResMed,

Inc.

(Health

Care

Equipment

&

Supplies)

789

177,115

Revvity

,

Inc.

(Life

Sciences

Tools

&

Services)

614

53,793

Solventum

Corp.

\*

(Health

Care

Equipment

&

Supplies)

799

52,175

STERIS

PLC

(Health

Care

Equipment

&

Supplies)

531

117,420

Stryker

Corp.

(Health

Care

Equipment

&

Supplies)

1,866

613,149

The

Cigna

Group

(Health

Care

Providers

&

Services)

1,427

380,652

The

Cooper

Cos.,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,062

75,933

Thermo

Fisher

Scientific,

Inc.

(Life

Sciences

Tools

&

Services)

2,035

1,000,263

UnitedHealth

Group,

Inc.

(Health

Care

Providers

&

Services)

4,907

1,327,784

Universal

Health

Services,

Inc.

-

Class

B

(Health

Care

Providers

&

Services)

53,512

Vertex

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,376

614,439

Viatris

,

Inc.

(Pharmaceuticals)

6,239

84,289

Waters

Corp.

\*

(Life

Sciences

Tools

&

Services)

531

158,132

West

Pharmaceutical

Services,

Inc.

(Life

Sciences

Tools

&

Services)

97,750

Zimmer

Biomet

Holdings,

Inc.

(Health

Care

Equipment

&

Supplies)

1,073

97,021

Zoetis,

Inc.

(Pharmaceuticals)

2,287

270,346

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $4,536,643)

28,667,917

Repurchase

Agreements

(a) (2.7%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$778,076

$

778,000

778,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$778,000)

778,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$5,314,643)— 101.3%

29,445,917

Net

other

assets

(liabilities) —

(1.3)%

(383,327)

NET

ASSETS

—

100.0%

$

29,062,590

\*

Non-income

producing

security.

(a) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

Health

Care

Select

Sector

Index

Goldman

Sachs

International

4/23/26

4.39%

$

320,339

$

5,545

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Health

Care

ProFund

VP

Health

Care

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Biotechnology

$

5,407,972

18.6%

Health

Care

Equipment

&

Supplies

5,416,512

18.6%

Health

Care

Providers

&

Services

4,682,716

16.1%

Life

Sciences

Tools

&

Services

2,516,492

8.7%

Pharmaceuticals

10,644,225

36.6%

Other

\*\*

394,673

1.4%

Total

$

29,062,590

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Industrials

Common

Stocks

(98.6%)

Shares

Value

3M

Co.

(Industrial

Conglomerates)

1,940

$

281,746

A.O.

Smith

Corp.

(Building

Products)

27,299

Allegion

PLC

(Building

Products)

46,057

AMETEK,

Inc.

(Electrical

Equipment)

848

181,777

Automatic

Data

Processing,

Inc.

(Professional

Services)

1,483

301,316

Axon

Enterprise,

Inc.

\*

(Aerospace

&

Defense)

123,585

Broadridge

Financial

Solutions,

Inc.

(Professional

Services)

69,866

Builders

FirstSource

,

Inc.

\*

(Building

Products)

33,508

C.H.

Robinson

Worldwide,

Inc.

(Air

Freight

&

Logistics)

72,573

Carrier

Global

Corp.

(Building

Products)

2,894

162,961

Caterpillar,

Inc.

(Machinery)

1,714

1,214,299

Cintas

Corp.

(Commercial

Services

&

Supplies)

1,252

211,763

Comfort

Systems

USA,

Inc.

(Construction

&

Engineering)

179,269

Copart,

Inc.

\*

(Commercial

Services

&

Supplies)

3,281

108,929

CSX

Corp.

(Ground

Transportation)

6,850

281,193

Cummins,

Inc.

(Machinery)

509

273,852

Deere

&

Co.

(Machinery)

929

523,305

Delta

Air

Lines,

Inc.

(Passenger

Airlines)

2,393

159,087

Dover

Corp.

(Machinery)

103,600

Eaton

Corp.

PLC

(Electrical

Equipment)

1,431

511,826

EMCOR

Group,

Inc.

(Construction

&

Engineering)

121,821

Emerson

Electric

Co.

(Electrical

Equipment)

2,070

271,211

Equifax,

Inc.

(Professional

Services)

79,951

Expeditors

International

of

Washington,

Inc.

(Air

Freight

&

Logistics)

70,756

Fastenal

Co.

(Trading

Companies

&

Distributors)

4,230

196,272

FedEx

Corp.

(Air

Freight

&

Logistics)

797

283,875

Fortive

Corp.

(Machinery)

1,154

63,793

GE

Vernova

,

Inc.

(Electrical

Equipment)

993

866,791

Generac

Holdings,

Inc.

\*

(Electrical

Equipment)

42,191

General

Dynamics

Corp.

(Aerospace

&

Defense)

935

320,911

General

Electric

Co.

(Industrial

Conglomerates)

3,863

1,096,204

Honeywell

International,

Inc.

(Industrial

Conglomerates)

2,339

528,684

Howmet

Aerospace,

Inc.

(Aerospace

&

Defense)

1,477

340,389

Hubbell,

Inc.

(Electrical

Equipment)

96,185

Huntington

Ingalls

Industries,

Inc.

(Aerospace

&

Defense)

55,086

IDEX

Corp.

(Machinery)

52,316

Illinois

Tool

Works,

Inc.

(Machinery)

966

251,440

Ingersoll

Rand,

Inc.

(Machinery)

1,311

105,037

J.B.

Hunt

Transport

Services,

Inc.

(Ground

Transportation)

58,273

Jacobs

Solutions,

Inc.

(Professional

Services)

55,112

Johnson

Controls

International

PLC

(Building

Products)

2,255

295,292

L3Harris

Technologies,

Inc.

(Aerospace

&

Defense)

688

237,463

Leidos

Holdings,

Inc.

(Professional

Services)

73,250

Lennox

International,

Inc.

(Building

Products)

54,767

Lockheed

Martin

Corp.

-

Class

B

(Aerospace

&

Defense)

746

450,875

Masco

Corp.

(Building

Products)

750

45,278

Nordson

Corp.

(Machinery)

51,882

Norfolk

Southern

Corp.

(Ground

Transportation)

827

237,349

Northrop

Grumman

Corp.

(Aerospace

&

Defense)

334,980

Old

Dominion

Freight

Line,

Inc.

(Ground

Transportation)

678

132,481

Otis

Worldwide

Corp.

(Machinery)

1,432

110,379

PACCAR,

Inc.

(Machinery)

1,935

223,493

Parker-Hannifin

Corp.

(Machinery)

416,287

Paychex,

Inc.

(Professional

Services)

1,190

109,623

Pentair

PLC

(Machinery)

603

52,527

Quanta

Services,

Inc.

(Construction

&

Engineering)

549

301,412

Republic

Services,

Inc.

(Commercial

Services

&

Supplies)

741

162,294

Rockwell

Automation,

Inc.

(Electrical

Equipment)

148,576

Rollins,

Inc.

(Commercial

Services

&

Supplies)

1,081

57,736

Common

Stocks,

continued

Shares

Value

RTX

Corp.

(Aerospace

&

Defense)

4,945

$

953,890

Snap-on,

Inc.

(Machinery)

69,375

Southwest

Airlines

Co.

(Passenger

Airlines)

1,810

68,002

Stanley

Black

&

Decker,

Inc.

(Machinery)

571

40,575

Textron,

Inc.

(Aerospace

&

Defense)

642

56,214

The

Boeing

Co.

\*

(Aerospace

&

Defense)

2,893

575,793

Trane

Technologies

PLC

(Building

Products)

815

339,644

TransDigm

Group,

Inc.

\*

(Aerospace

&

Defense)

241,064

Uber

Technologies,

Inc.

\*

(Ground

Transportation)

7,581

545,301

Union

Pacific

Corp.

(Ground

Transportation)

2,186

530,367

United

Airlines

Holdings,

Inc.

\*

(Passenger

Airlines)

1,191

109,655

United

Parcel

Service,

Inc.

-

Class

B

(Air

Freight

&

Logistics)

2,722

267,790

United

Rentals,

Inc.

(Trading

Companies

&

Distributors)

169,026

Veralto

Corp.

\*

(Commercial

Services

&

Supplies)

915

80,904

Verisk

Analytics,

Inc.

(Professional

Services)

513

97,342

Vertiv

Holdings

Company

-

Class

A

(Electrical

Equipment)

1,409

353,067

W.W.

Grainger,

Inc.

(Trading

Companies

&

Distributors)

175,620

Wabtec

Corp.

(Machinery)

628

156,943

Waste

Management,

Inc.

(Commercial

Services

&

Supplies)

1,367

314,124

Xylem,

Inc.

(Machinery)

897

107,192

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $5,805,089)

18,571,941

Repurchase

Agreements

(a) (0.9%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$160,016

$

160,000

160,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$160,000)

160,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$5,965,089)— 99.5%

18,731,941

Net

other

assets

(liabilities) —

0.5%

88,649

NET

ASSETS

—

100.0%

$

18,820,590

\*

Non-income

producing

security.

(a) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Industrials

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

Industrials

Select

Sector

Index

Goldman

Sachs

International

4/23/26

4.39%

$

297,059

$

(7,919)

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

ProFund

VP

Industrials

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

3,690,250

19.6%

Air

Freight

&

Logistics

694,994

3.7%

Building

Products

1,004,806

5.3%

Commercial

Services

&

Supplies

935,750

5.0%

Construction

&

Engineering

602,502

3.2%

Electrical

Equipment

2,471,624

13.1%

Ground

Transportation

1,784,964

9.5%

Industrial

Conglomerates

1,906,634

10.1%

Machinery

3,816,295

20.2%

Passenger

Airlines

336,744

1.8%

Professional

Services

786,460

4.2%

Trading

Companies

&

Distributors

540,918

2.9%

Other

\*\*

248,649

1.4%

Total

$

18,820,590

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

International

Repurchase

Agreements

(a) (b) (93

.9

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$13,637,330

$

13,636,000

$

13,636,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$13,636,000)

13,636,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$13,636,000)— 93.9%

13,636,000

Net

other

assets

(liabilities)

—

.1

%

885,978

NET

ASSETS

—

100.0%

$

14,521,978

(a) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$1,821,000.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

MSCI

EAFE

Index

Goldman

Sachs

International

4/27/26

4.29%

$

7,259,695

$

247,223

MSCI

EAFE

Index

UBS

AG

4/27/26

4.44%

7,252,566

230,789

$14,512,261

$478,012

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Internet

Common

Stocks

(98.8%)

Shares

Value

Airbnb,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

2,158

$

272,512

Akamai

Technologies,

Inc.

\*

(IT

Services)

733

84,185

Alphabet,

Inc.

-

Class

A

(Interactive

Media

&

Services)

1,815

521,921

Alphabet,

Inc.

-

Class

C

(Interactive

Media

&

Services)

1,458

418,242

Amazon.com,

Inc.

\*

(Broadline

Retail)

4,750

989,283

Arista

Networks,

Inc.

\*

(Communications

Equipment)

3,288

403,701

Atlassian

Corp.

\*

-

Class

A

(Software)

864

58,968

Booking

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

442,084

Box,

Inc.

\*

-

Class

A

(Software)

730

17,257

Carvana

Co.

\*

(Specialty

Retail)

720

226,354

Ciena

Corp.

\*

(Communications

Equipment)

718

278,749

Cisco

Systems,

Inc.

(Communications

Equipment)

8,441

654,936

Cloudflare,

Inc.

\*

-

Class

A

(IT

Services)

1,616

333,445

Copart,

Inc.

\*

(Commercial

Services

&

Supplies)

4,536

150,596

CoreWeave

,

Inc.

\*

-

Class

A

(IT

Services)

1,231

95,366

Datadog,

Inc.

\*

-

Class

A

(Software)

1,672

197,380

DocuSign,

Inc.

\*

(Software)

1,020

48,358

DoorDash

,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

1,905

286,036

DraftKings,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

2,523

54,547

Dropbox,

Inc.

\*

-

Class

A

(Software)

888

20,175

Duolingo,

Inc.

\*

(Diversified

Consumer

Services)

20,108

eBay,

Inc.

(Broadline

Retail)

2,302

209,528

F5,

Inc.

\*

(Communications

Equipment)

83,327

Flutter

Entertainment

PLC

\*

(Hotels,

Restaurants

&

Leisure)

893

91,041

GoDaddy,

Inc.

\*

-

Class

A

(IT

Services)

689

56,960

HubSpot,

Inc.

\*

(Software)

65,663

MARA

Holdings,

Inc.

\*(a)

(Software)

1,927

15,724

Meta

Platforms,

Inc.

-

Class

A

(Interactive

Media

&

Services)

1,542

882,224

Netflix,

Inc.

\*

(Entertainment)

9,020

867,273

Nutanix,

Inc.

\*

-

Class

A

(Software)

1,378

52,378

Okta,

Inc.

\*

(IT

Services)

863

67,927

Paycom

Software,

Inc.

(Professional

Services)

30,263

PayPal

Holdings,

Inc.

\*

(Financial

Services)

4,690

212,129

ROBLOX

Corp.

\*

-

Class

A

(Entertainment)

3,370

190,607

Salesforce,

Inc.

(Software)

2,341

436,995

Samsara,

Inc.

\*

-

Class

A

(Software)

1,824

57,803

Snowflake,

Inc.

\*

(IT

Services)

1,743

262,879

Common

Stocks,

continued

Shares

Value

Veeva

Systems,

Inc.

\*

-

Class

A

(Health

Care

Technology)

771

$

135,434

VeriSign,

Inc.

(IT

Services)

104,311

Workday,

Inc.

\*

-

Class

A

(Software)

1,085

140,963

Zoom

Video

Communications,

Inc.

\*

(Software)

1,353

108,768

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $3,859,008)

9,646,400

Repurchase

Agreements

(b) (0.9%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$85,008

$

85,000

85,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$85,000)

85,000

Collateral

for

Securities

Loaned

(c) (0.1%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 3.67%

(d) 13,648

13,648

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $13,648)

13,648

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$3,957,656)— 99.8%

9,745,048

Net

other

assets

(liabilities) —

0.2%

17,441

NET

ASSETS

—

100.0%

$

9,762,489

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

March

31,

2026. The

total

value

of

securities

on

loan

as

of

March

31,

2026

was

$13,921.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

(c) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

March

31,

2026. (d) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

March

31,

2026. Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

Dow

Jones

Internet

Composite

Index

Goldman

Sachs

International

4/23/26

4.39%

$

108,267

$

(6,085)

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Internet

ProFund

VP

Internet

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Broadline

Retail

$

1,198,811

12.3%

Commercial

Services

&

Supplies

150,596

1.6%

Communications

Equipment

1,420,713

14.5%

Diversified

Consumer

Services

20,108

0.2%

Entertainment

1,057,880

10.8%

Financial

Services

212,129

2.2%

Health

Care

Technology

135,434

1.4%

Hotels,

Restaurants

&

Leisure

1,146,220

11.7%

Interactive

Media

&

Services

1,822,387

18.7%

IT

Services

1,005,073

10.3%

Professional

Services

30,263

0.3%

Software

1,220,432

12.5%

Specialty

Retail

226,354

2.3%

Other

\*\*

116,089

1.2%

Total

$

9,762,489

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Japan

Repurchase

Agreements

(a) (88.0%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$12,484,217

$

12,483,000

$

12,483,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$12,483,000)

12,483,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$13,613,810)— 96.0%

$

13,613,810

Net

other

assets

(liabilities) —

4.0%

574,566

NET

ASSETS

—

100.0%

$

14,188,376

(a) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

CME

Nikkei

Index

Future

6/12/26

$

14,067,525

$

(360,368)

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

Nikkei

Stock

Average

Goldman

Sachs

International

4/27/26

4.09%

$

63,553

$

10,857

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Large-Cap

Growth

Common

Stocks

(99.8%)

Shares

Value

AbbVie,

Inc.

(Biotechnology)

797

$

173,339

Advanced

Micro

Devices,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,597

324,878

Airbnb,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

24,372

Allegion

PLC

(Building

Products)

6,538

Alphabet,

Inc.

-

Class

A

(Interactive

Media

&

Services)

5,706

1,640,818

Alphabet,

Inc.

-

Class

C

(Interactive

Media

&

Services)

4,584

1,314,966

Amazon.com,

Inc.

\*

(Broadline

Retail)

5,076

1,057,178

American

Express

Co.

(Consumer

Finance)

107,985

Amgen,

Inc.

(Biotechnology)

126,314

Amphenol

Corp.

-

Class

A

(Electronic

Equipment,

Instruments

&

Components)

1,204

152,126

Apollo

Global

Management,

Inc.

(Financial

Services)

26,852

Apple,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

7,193

1,825,512

Applied

Materials,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

778

265,913

AppLovin

Corp.

\*

-

Class

A

(Software)

105,470

Arista

Networks,

Inc.

\*

(Communications

Equipment)

1,012

124,253

Autodesk,

Inc.

\*

(Software)

28,728

AutoZone,

Inc.

\*

(Specialty

Retail)

37,156

Axon

Enterprise,

Inc.

\*

(Aerospace

&

Defense)

21,659

Berkshire

Hathaway,

Inc.

\*

-

Class

B

(Financial

Services)

1,797

861,123

Booking

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

134,731

Boston

Scientific

Corp.

\*

(Health

Care

Equipment

&

Supplies)

973

61,056

Broadcom,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

4,646

1,437,983

Cadence

Design

Systems,

Inc.

\*

(Software)

46,682

Carnival

Corp.

(Hotels,

Restaurants

&

Leisure)

1,126

29,141

Carvana

Co.

\*

(Specialty

Retail)

22,321

Caterpillar,

Inc.

(Machinery)

322,349

Cboe

Global

Markets,

Inc.

(Capital

Markets)

14,897

Ciena

Corp.

\*

(Communications

Equipment)

53,576

Cincinnati

Financial

Corp.

(Insurance)

14,004

Cisco

Systems,

Inc.

(Communications

Equipment)

2,051

159,137

CME

Group,

Inc.

(Capital

Markets)

58,184

Coherent

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

43,831

Comfort

Systems

USA,

Inc.

(Construction

&

Engineering)

48,265

Constellation

Energy

Corp.

(Electric

Utilities)

57,246

Corning,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

527

71,656

Crowdstrike

Holdings,

Inc.

\*

-

Class

A

(Software)

96,822

Cummins,

Inc.

(Machinery)

47,884

Datadog,

Inc.

\*

-

Class

A

(Software)

38,012

Dexcom,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

12,058

DoorDash

,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

55,105

eBay,

Inc.

(Broadline

Retail)

29,672

EchoStar

Corp.

\*

-

Class

A

(Media)

15,453

Edwards

LifeSciences

Corp.

\*

(Health

Care

Equipment

&

Supplies)

20,901

Electronic

Arts,

Inc.

(Entertainment)

20,999

Eli

Lilly

&

Co.

(Pharmaceuticals)

776

713,741

EMCOR

Group,

Inc.

(Construction

&

Engineering)

32,486

Expedia

Group,

Inc.

(Hotels,

Restaurants

&

Leisure)

26,321

Fair

Isaac

Corp.

\*

(Software)

11,743

First

Horizon

Corp.

(Banks)

—

(a) —

(b) First

Solar,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

20,712

Fortinet,

Inc.

\*

(Software)

31,789

Fox

Corp.

-

Class

A

(Media)

7,475

Fox

Corp.

-

Class

B

(Media)

4,726

GE

Vernova

,

Inc.

(Electrical

Equipment)

230,445

General

Dynamics

Corp.

(Aerospace

&

Defense)

45,305

Common

Stocks,

continued

Shares

Value

General

Electric

Co.

(Industrial

Conglomerates)

535

$

151,817

Gilead

Sciences,

Inc.

(Biotechnology)

656

91,427

HCA

Healthcare,

Inc.

(Health

Care

Providers

&

Services)

72,406

Hilton

Worldwide

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

68,418

Howmet

Aerospace,

Inc.

(Aerospace

&

Defense)

90,801

IDEXX

Laboratories,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

44,389

Incyte

Corp.

\*

(Biotechnology)

15,342

Insulet

Corp.

\*

(Health

Care

Equipment

&

Supplies)

14,479

Interactive

Brokers

Group,

Inc.

-

Class

A

(Capital

Markets)

29,243

International

Business

Machines

Corp.

(IT

Services)

115,620

Intuit,

Inc.

(Software)

66,154

Intuitive

Surgical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

159,963

Jabil,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

17,000

Johnson

&

Johnson

(Pharmaceuticals)

1,394

340,749

Johnson

Controls

International

PLC

(Building

Products)

51,856

JPMorgan

Chase

&

Co.

(Banks)

1,796

528,312

KKR

&

Co.,

Inc.

(Capital

Markets)

33,485

KLA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

186,996

Lam

Research

Corp.

(Semiconductors

&

Semiconductor

Equipment)

1,224

261,520

Las

Vegas

Sands

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

15,841

Live

Nation

Entertainment,

Inc.

\*

(Entertainment)

12,506

Lumentum

Holdings,

Inc.

\*

(Communications

Equipment)

49,193

Marriott

International,

Inc.

-

Class

A

(Hotels,

Restaurants

&

Leisure)

70,752

MasterCard,

Inc.

-

Class

A

(Financial

Services)

535

267,318

McDonald's

Corp.

(Hotels,

Restaurants

&

Leisure)

95,102

Meta

Platforms,

Inc.

-

Class

A

(Interactive

Media

&

Services)

2,144

1,226,647

Mettler-Toledo

International,

Inc.

\*

(Life

Sciences

Tools

&

Services)

11,351

Micron

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

1,103

372,638

Microsoft

Corp.

(Software)

7,278

2,694,096

Monolithic

Power

Systems,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

52,481

Monster

Beverage

Corp.

\*

(Beverages)

699

50,650

Moody's

Corp.

(Capital

Markets)

31,846

Morgan

Stanley

(Capital

Markets)

719

118,326

MSCI,

Inc.

(Capital

Markets)

20,482

Netflix,

Inc.

\*

(Entertainment)

4,138

397,868

Newmont

Corp.

(Metals

&

Mining)

1,068

115,611

Norwegian

Cruise

Lines

Holdings,

Ltd.

\*

(Hotels,

Restaurants

&

Leisure)

4,694

NRG

Energy,

Inc.

(Electric

Utilities)

22,506

NVIDIA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

23,815

4,153,336

Oracle

Corp.

(Software)

865

127,250

O'Reilly

Automotive,

Inc.

\*

(Specialty

Retail)

824

76,063

Palantir

Technologies,

Inc.

\*

-

Class

A

(Software)

2,238

327,375

Palo

Alto

Networks,

Inc.

\*

(Software)

71,022

Parker-Hannifin

Corp.

(Machinery)

62,667

Philip

Morris

International,

Inc.

(Tobacco)

854

141,200

Quanta

Services,

Inc.

(Construction

&

Engineering)

80,156

Ralph

Lauren

Corp.

(Textiles,

Apparel

&

Luxury

Goods)

13,072

ResMed,

Inc.

(Health

Care

Equipment

&

Supplies)

17,734

Robinhood

Markets,

Inc.

\*

-

Class

A

(Capital

Markets)

773

53,569

Rockwell

Automation,

Inc.

(Electrical

Equipment)

21,892

Rollins,

Inc.

(Commercial

Services

&

Supplies)

15,329

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Large-Cap

Growth

Common

Stocks,

continued

Shares

Value

Ross

Stores,

Inc.

(Specialty

Retail)

$

32,928

Royal

Caribbean

Cruises,

Ltd.

(Hotels,

Restaurants

&

Leisure)

67,969

RTX

Corp.

(Aerospace

&

Defense)

1,316

253,856

S&P

Global,

Inc.

(Capital

Markets)

56,145

Sandisk

Corp.

\*

(Semiconductors)

92,124

Seagate

Technology

Holdings

PLC

(Technology

Hardware,

Storage

&

Peripherals)

53,671

ServiceNow,

Inc.

\*

(Software)

625

65,344

Simon

Property

Group,

Inc.

(Retail

REITs)

24,435

STERIS

PLC

(Health

Care

Equipment

&

Supplies)

10,614

Stryker

Corp.

(Health

Care

Equipment

&

Supplies)

46,660

Take-Two

Interactive

Software,

Inc.

\*

(Entertainment)

17,380

Tapestry,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

27,798

TE

Connectivity,

Ltd.

(Electronic

Equipment,

Instruments

&

Components)

41,386

Teradyne,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

26,088

Tesla,

Inc.

\*

(Automobiles)

1,709

635,321

The

Bank

of

New

York

Mellon

Corp.

(Capital

Markets)

50,418

The

Boeing

Co.

\*

(Aerospace

&

Defense)

67,272

The

Coca-Cola

Co.

(Beverages)

1,592

121,072

The

Goldman

Sachs

Group,

Inc.

(Capital

Markets)

161,583

The

Progressive

Corp.

(Insurance)

63,833

The

TJX

Cos.,

Inc.

(Specialty

Retail)

598

95,501

TKO

Group

Holdings,

Inc.

(Entertainment)

13,107

Trane

Technologies

PLC

(Building

Products)

47,925

TransDigm

Group,

Inc.

\*

(Aerospace

&

Defense)

64,902

Uber

Technologies,

Inc.

\*

(Ground

Transportation)

2,016

145,011

Ulta

Beauty,

Inc.

\*

(Specialty

Retail)

22,999

United

Rentals,

Inc.

(Trading

Companies

&

Distributors)

25,500

Ventas,

Inc.

(Health

Care

REITs)

19,791

VeriSign,

Inc.

(IT

Services)

20,117

Verisk

Analytics,

Inc.

(Professional

Services)

13,662

Vertiv

Holdings

Company

-

Class

A

(Electrical

Equipment)

93,968

Visa,

Inc.

-

Class

A

(Financial

Services)

906

273,829

Vistra

Corp.

(Independent

Power/Renewable

Electricity

Producers)

46,903

W.R.

Berkley

Corp.

(Insurance)

11,069

Welltower,

Inc.

(Health

Care

REITs)

685

135,432

Workday,

Inc.

\*

-

Class

A

(Software)

11,953

Wynn

Resorts,

Ltd.

(Hotels,

Restaurants

&

Leisure)

8,327

Yum!

Brands,

Inc.

(Hotels,

Restaurants

&

Leisure)

20,679

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $11,753,912)

28,379,010

Repurchase

Agreements

(c) (0.3%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$79,008

$

79,000

79,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$79,000)

79,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$11,832,912)— 100.1%

28,458,010

Net

other

assets

(liabilities) —

(0.1)%

(38,016)

NET

ASSETS

—

100.0%

$

28,419,994

\*

Non-income

producing

security.

(a) Number

of

shares

is

less

than

0.50. (b) Amount

is

less

than

$0.50.

(c) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

REIT

Real

Estate

Investment

Trust

ProFund

VP

Large-Cap

Growth

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

543,795

2.0%

Automobiles

635,321

2.2%

Banks

528,312

1.9%

Beverages

171,722

0.6%

Biotechnology

406,422

1.4%

Broadline

Retail

1,086,850

3.9%

Building

Products

106,319

0.4%

Capital

Markets

628,178

2.2%

Commercial

Services

&

Supplies

15,329

0.1%

Communications

Equipment

386,159

1.4%

Construction

&

Engineering

160,907

0.6%

Consumer

Finance

107,985

0.4%

Electric

Utilities

79,752

0.2%

Electrical

Equipment

346,305

1.2%

Electronic

Equipment,

Instruments

&

Components

325,999

1.1%

Entertainment

461,860

1.6%

Financial

Services

1,429,122

5.0%

Ground

Transportation

145,011

0.5%

Health

Care

Equipment

&

Supplies

387,854

1.4%

Health

Care

Providers

&

Services

72,406

0.3%

Health

Care

REITs

155,223

0.5%

Hotels,

Restaurants

&

Leisure

621,452

2.2%

Independent

Power/Renewable

Electricity

Producers

46,903

0.2%

Industrial

Conglomerates

151,817

0.5%

Insurance

88,906

0.3%

Interactive

Media

&

Services

4,182,431

14.7%

IT

Services

135,737

0.5%

Life

Sciences

Tools

&

Services

11,351

NM

Machinery

432,900

1.5%

Media

27,654

0.1%

Metals

&

Mining

115,611

0.4%

Pharmaceuticals

1,054,490

3.7%

Professional

Services

13,662

NM

Retail

REITs

24,435

0.1%

Semiconductors

92,124

0.3%

Semiconductors

&

Semiconductor

Equipment

7,102,545

25.0%

Software

3,722,440

13.1%

Specialty

Retail

286,968

1.0%

Technology

Hardware,

Storage

&

Peripherals

1,879,183

6.6%

Textiles,

Apparel

&

Luxury

Goods

40,870

0.1%

Tobacco

141,200

0.5%

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Large-Cap

Growth

Value

%

of

Net

Assets

Trading

Companies

&

Distributors

$

25,500

0.1%

Other

\*\*

40,984

0.2%

Total

$

28,419,994

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

NM

Not

meaningful,

amount

is

less

than

0.05%

REIT

Real

Estate

Investment

Trust

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Large-Cap

Value

Common

Stocks

(99

.9

%)

Shares

Value

3M

Co.

(Industrial

Conglomerates)

$

48,507

A.O.

Smith

Corp.

(Building

Products)

4,682

Abbott

Laboratories

(Health

Care

Equipment

&

Supplies)

1,103

113,245

AbbVie,

Inc.

(Biotechnology)

605

131,580

Accenture

PLC

-

Class

A

(IT

Services)

77,334

Adobe,

Inc.

\*

(Software)

63,201

Aflac,

Inc.

(Insurance)

32,474

Agilent

Technologies,

Inc.

(Life

Sciences

Tools

&

Services)

20,516

Air

Products

&

Chemicals,

Inc.

(Chemicals)

40,959

Airbnb,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

17,932

Akamai

Technologies,

Inc.

\*

(IT

Services)

10,451

Albemarle

Corp.

(Chemicals)

13,285

Alexandria

Real

Estate

Equities,

Inc.

(Office

REITs)

4,642

Align

Technology,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

7,200

Allegion

PLC

(Building

Products)

3,632

Alliant

Energy

Corp.

(Electric

Utilities)

11,697

Allstate

Corp.

(Insurance)

34,211

Altria

Group,

Inc.

(Tobacco)

1,064

70,213

Amazon.com,

Inc.

\*

(Broadline

Retail)

2,912

606,483

Amcor

plc

(Containers

&

Packaging)

11,647

Ameren

Corp.

(Multi-Utilities)

19,346

American

Electric

Power

Co.,

Inc.

(Electric

Utilities)

44,960

American

Express

Co.

(Consumer

Finance)

32,970

American

International

Group,

Inc.

(Insurance)

25,585

American

Tower

Corp.

-

Class

A

(Specialized

REITs)

51,256

American

Water

Works

Co.,

Inc.

(Water

Utilities)

16,739

Ameriprise

Financial,

Inc.

(Capital

Markets)

25,331

AMETEK,

Inc.

(Electrical

Equipment)

31,297

Amgen,

Inc.

(Biotechnology)

38,704

Analog

Devices,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

98,305

Aon

PLC

-

Class

A

(Insurance)

43,898

APA

Corp.

(Oil,

Gas

&

Consumable

Fuels)

9,549

Apollo

Global

Management,

Inc.

(Financial

Services)

15,376

Apple,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

4,655

1,181,393

Aptiv

PLC

\*

(Automobile

Components)

9,374

Arch

Capital

Group,

Ltd.

\*

(Insurance)

21,790

Archer-Daniels-Midland

Co.

(Food

Products)

22,170

Ares

Management

Corporation

-

Class

A

(Capital

Markets)

14,292

Arthur

J. Gallagher

&

Co.

(Insurance)

35,303

Assurant,

Inc.

(Insurance)

6,752

AT&T,

Inc.

(Diversified

Telecommunication

Services)

4,440

128,716

Atmos

Energy

Corp.

(Gas

Utilities)

19,396

Autodesk,

Inc.

\*

(Software)

13,406

Automatic

Data

Processing,

Inc.

(Professional

Services)

51,810

AutoZone,

Inc.

\*

(Specialty

Retail)

13,511

AvalonBay

Communities,

Inc.

(Residential

REITs)

14,701

Avery

Dennison

Corp.

(Containers

&

Packaging)

8,461

Axon

Enterprise,

Inc.

\*

(Aerospace

&

Defense)

7,220

Baker

Hughes

Co.

(Energy

Equipment

&

Services)

626

38,217

Ball

Corp.

(Containers

&

Packaging)

10,108

Bank

of

America

Corp.

(Banks)

4,208

205,140

Baxter

International,

Inc.

(Health

Care

Equipment

&

Supplies)

5,494

Becton,

Dickinson

&

Co.

(Health

Care

Equipment

&

Supplies)

28,459

Best

Buy

Co.,

Inc.

(Specialty

Retail)

7,961

Biogen,

Inc.

\*

(Biotechnology)

17,050

Bio-Techne

Corp.

(Life

Sciences

Tools

&

Services)

5,226

BlackRock,

Inc.

(Capital

Markets)

88,477

Blackstone,

Inc.

(Capital

Markets)

54,620

Block,

Inc.

\*

(Financial

Services)

20,882

Common

Stocks,

continued

Shares

Value

Boston

Properties,

Inc.

(Office

REITs)

$

4,879

Boston

Scientific

Corp.

\*

(Health

Care

Equipment

&

Supplies)

19,515

Bristol-Myers

Squibb

Co.

(Pharmaceuticals)

1,291

78,299

Broadridge

Financial

Solutions,

Inc.

(Professional

Services)

12,024

Brown

&

Brown,

Inc.

(Insurance)

12,129

Brown-Forman

Corp.

-

Class

B

(Beverages)

2,908

Builders

FirstSource,

Inc.

\*

(Building

Products)

5,763

Bunge

Global

SA

(Food

Products)

10,939

C.H.

Robinson

Worldwide,

Inc.

(Air

Freight

&

Logistics)

12,455

Cadence

Design

Systems,

Inc.

\*

(Software)

17,784

Camden

Property

Trust

(Residential

REITs)

6,446

Campbell

Soup

Co.

(a) (Food

Products)

2,784

Capital

One

Financial

Corp.

(Consumer

Finance)

72,243

Cardinal

Health,

Inc.

(Health

Care

Providers

&

Services)

31,485

Carrier

Global

Corp.

(Building

Products)

28,099

Carvana

Co.

\*

(Specialty

Retail)

13,833

Cboe

Global

Markets,

Inc.

(Capital

Markets)

8,994

CBRE

Group,

Inc.

\*

-

Class

A

(Real

Estate

Management

&

Development)

24,925

CDW

Corp.

(Electronic

Equipment,

Instruments

&

Components)

10,045

Cencora,

Inc.

(Health

Care

Providers

&

Services)

38,639

Centene

Corp.

\*

(Health

Care

Providers

&

Services)

9,724

CenterPoint

Energy,

Inc.

(Multi-Utilities)

17,911

CF

Industries

Holdings,

Inc.

(Chemicals)

12,854

Charles

River

Laboratories

International,

Inc.

\*

(Life

Sciences

Tools

&

Services)

5,348

Charter

Communications,

Inc.

\*

-

Class

A

(Media)

11,658

Chevron

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,188

245,797

Chipotle

Mexican

Grill,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

827

26,472

Chubb,

Ltd.

(Insurance)

75,290

Church

&

Dwight

Co.,

Inc.

(Household

Products)

14,091

Cincinnati

Financial

Corp.

(Insurance)

6,451

Cintas

Corp.

(Commercial

Services

&

Supplies)

36,365

Cisco

Systems,

Inc.

(Communications

Equipment)

1,177

91,323

Citigroup,

Inc.

(Banks)

1,108

125,658

Citizens

Financial

Group,

Inc.

(Banks)

16,192

CME

Group,

Inc.

(Capital

Markets)

29,535

CMS

Energy

Corp.

(Multi-Utilities)

15,128

Cognizant

Technology

Solutions

Corp.

-

Class

A

(IT

Services)

18,589

Coinbase

Global,

Inc.

\*

-

Class

A

(Capital

Markets)

24,620

Colgate-Palmolive

Co.

(Household

Products)

511

43,553

Comcast

Corp.

-

Class

A

(Media)

2,277

65,373

Conagra

Brands,

Inc.

(Food

Products)

4,779

ConocoPhillips

(Oil,

Gas

&

Consumable

Fuels)

777

102,564

Consolidated

Edison,

Inc.

(Multi-Utilities)

25,918

Constellation

Brands,

Inc.

-

Class

A

(Beverages)

13,350

Constellation

Energy

Corp.

(Electric

Utilities)

18,151

Copart,

Inc.

\*

(Commercial

Services

&

Supplies)

565

18,758

Corning,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

20,939

Corpay,

Inc.

\*

(Software)

12,804

Corteva,

Inc.

(Chemicals)

35,744

CoStar

Group,

Inc.

\*

(Real

Estate

Management

&

Development)

10,851

Costco

Wholesale

Corp.

(Consumer

Staples

Distribution

&

Retail)

279,997

Coterra

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

16,937

CRH

plc

(Construction

Materials)

44,676

Crown

Castle

International

Corp.

(Specialized

REITs)

22,442

CSX

Corp.

(Ground

Transportation)

1,180

48,439

Cummins,

Inc.

(Machinery)

15,603

CVS

Health

Corp.

(Health

Care

Providers

&

Services)

807

57,959

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Large-Cap

Value

Common

Stocks,

continued

Shares

Value

D.R.

Horton,

Inc.

(Household

Durables)

$

23,327

Danaher

Corp.

(Life

Sciences

Tools

&

Services)

75,650

Darden

Restaurants,

Inc.

(Hotels,

Restaurants

&

Leisure)

14,311

DaVita,

Inc.

\*

(Health

Care

Providers

&

Services)

3,227

Deckers

Outdoor

Corp.

\*

(Textiles,

Apparel

&

Luxury

Goods)

9,008

Deere

&

Co.

(Machinery)

90,127

Dell

Technologies,

Inc.

-

Class

C

(Technology

Hardware,

Storage

&

Peripherals)

30,856

Delta

Air

Lines,

Inc.

(Passenger

Airlines)

27,390

Devon

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

19,826

Dexcom,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

7,473

Diamondback

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

23,339

Digital

Realty

Trust,

Inc.

(Specialized

REITs)

36,943

Dollar

General

Corp.

(Consumer

Staples

Distribution

&

Retail)

16,622

Dollar

Tree,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

12,813

Dominion

Energy,

Inc.

(Multi-Utilities)

542

33,506

Domino's

Pizza,

Inc.

(Hotels,

Restaurants

&

Leisure)

7,176

Dover

Corp.

(Machinery)

17,927

Dow,

Inc.

(Chemicals)

18,951

DTE

Energy

Co.

(Multi-Utilities)

19,301

Duke

Energy

Corp.

(Electric

Utilities)

64,553

DuPont

de

Nemours,

Inc.

(Chemicals)

11,908

Eaton

Corp.

PLC

(Electrical

Equipment)

88,344

eBay,

Inc.

(Broadline

Retail)

6,735

Ecolab,

Inc.

(Chemicals)

43,095

Edison

International

(Electric

Utilities)

17,856

Edwards

LifeSciences

Corp.

\*

(Health

Care

Equipment

&

Supplies)

15,936

Electronic

Arts,

Inc.

(Entertainment)

15,290

Elevance

Health,

Inc.

(Health

Care

Providers

&

Services)

40,985

Emerson

Electric

Co.

(Electrical

Equipment)

46,643

Entergy

Corp.

(Electric

Utilities)

32,135

EOG

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

49,732

EPAM

Systems,

Inc.

\*

(IT

Services)

4,874

EQT

Corp.

(Oil,

Gas

&

Consumable

Fuels)

25,201

Equifax,

Inc.

(Professional

Services)

13,685

Equinix,

Inc.

(Specialized

REITs)

61,755

Equity

Residential

(Residential

REITs)

12,954

Erie

Indemnity

Co.

-

Class

A

(Insurance)

4,021

Essex

Property

Trust,

Inc.

(Residential

REITs)

9,922

Everest

Group,

Ltd.

(Insurance)

8,498

Evergy,

Inc.

(Electric

Utilities)

11,960

Eversource

Energy

(Electric

Utilities)

16,558

Exelon

Corp.

(Electric

Utilities)

650

31,863

Expand

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

16,577

Expeditors

International

of

Washington,

Inc.

(Air

Freight

&

Logistics)

12,175

Extra

Space

Storage,

Inc.

(Specialized

REITs)

17,703

Exxon

Mobil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

2,650

449,599

F5,

Inc.

\*

(Communications

Equipment)

10,416

FactSet

Research

Systems,

Inc.

(Capital

Markets)

5,208

Fair

Isaac

Corp.

\*

(Software)

7,473

Fastenal

Co.

(Trading

Companies

&

Distributors)

729

33,825

Federal

Realty

Investment

Trust

(Retail

REITs)

5,311

FedEx

Corp.

(Air

Freight

&

Logistics)

48,796

Fidelity

National

Information

Services,

Inc.

(Financial

Services)

15,433

Fifth

Third

Bancorp

(Banks)

571

26,529

First

Horizon

Corp.

(Banks)

—

(b) 11

FirstEnergy

Corp.

(Electric

Utilities)

16,718

Common

Stocks,

continued

Shares

Value

Fiserv,

Inc.

\*

(Financial

Services)

$

19,028

Ford

Motor

Co.

(Automobiles)

2,486

28,688

Fortinet,

Inc.

\*

(Software)

12,176

Fortive

Corp.

(Machinery)

11,001

Fox

Corp.

-

Class

A

(Media)

2,511

Fox

Corp.

-

Class

B

(Media)

1,646

Franklin

Resources,

Inc.

(Capital

Markets)

4,606

Freeport-McMoRan,

Inc.

(Metals

&

Mining)

912

53,607

Garmin,

Ltd.

(Household

Durables)

23,898

Gartner,

Inc.

\*

(IT

Services)

7,125

GE

HealthCare

Technologies,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

20,571

Gen

Digital,

Inc.

(Software)

6,591

Generac

Holdings,

Inc.

\*

(Electrical

Equipment)

7,423

General

Dynamics

Corp.

(Aerospace

&

Defense)

25,742

General

Electric

Co.

(Industrial

Conglomerates)

90,523

General

Mills,

Inc.

(Food

Products)

12,655

General

Motors

Co.

(Automobiles)

573

42,689

Genuine

Parts

Co.

(Distributors)

9,306

Gilead

Sciences,

Inc.

(Biotechnology)

50,452

Global

Payments,

Inc.

(Financial

Services)

10,162

Globe

Life,

Inc.

(Insurance)

6,959

GoDaddy,

Inc.

\*

-

Class

A

(IT

Services)

7,110

Halliburton

Co.

(Energy

Equipment

&

Services)

531

20,704

Hasbro,

Inc.

(Leisure

Products)

7,956

Healthpeak

Properties,

Inc.

(Health

Care

REITs)

7,262

Henry

Schein,

Inc.

\*

(Health

Care

Providers

&

Services)

4,717

Hewlett

Packard

Enterprise

Co.

(Technology

Hardware,

Storage

&

Peripherals)

843

20,072

Hologic,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

10,658

Honeywell

International,

Inc.

(Industrial

Conglomerates)

90,864

Hormel

Foods

Corp.

(Food

Products)

4,213

Host

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

7,798

HP,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

583

11,199

Hubbell,

Inc.

(Electrical

Equipment)

16,194

Humana,

Inc.

(Health

Care

Providers

&

Services)

13,178

Huntington

Bancshares,

Inc.

(Banks)

1,288

20,157

Huntington

Ingalls

Industries,

Inc.

(Aerospace

&

Defense)

9,498

IDEX

Corp.

(Machinery)

8,909

Illinois

Tool

Works,

Inc.

(Machinery)

43,207

Ingersoll

Rand,

Inc.

(Machinery)

18,107

Intel

Corp.

(Semiconductors

&

Semiconductor

Equipment)

2,979

131,463

Intercontinental

Exchange,

Inc.

(Capital

Markets)

56,621

International

Business

Machines

Corp.

(IT

Services)

68,839

International

Flavors

&

Fragrances,

Inc.

(Chemicals)

11,753

International

Paper

Co.

(Containers

&

Packaging)

11,960

Intuit,

Inc.

(Software)

33,293

Invesco,

Ltd.

(Capital

Markets)

6,850

Invitation

Homes,

Inc.

(Residential

REITs)

8,896

IQVIA

Holdings,

Inc.

\*

(Life

Sciences

Tools

&

Services)

18,418

Iron

Mountain,

Inc.

(Specialized

REITs)

19,100

J.B.

Hunt

Transport

Services,

Inc.

(Ground

Transportation)

9,959

Jabil,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

6,906

Jack

Henry

&

Associates,

Inc.

(Financial

Services)

7,270

Jacobs

Solutions,

Inc.

(Professional

Services)

9,419

Johnson

&

Johnson

(Pharmaceuticals)

626

153,020

Johnson

Controls

International

PLC

(Building

Products)

17,285

JPMorgan

Chase

&

Co.

(Banks)

547

160,906

Kenvue,

Inc.

\*

(Personal

Care

Products)

1,216

20,964

Keurig

Dr

Pepper,

Inc.

(Beverages)

862

22,696

KeyCorp

(Banks)

595

11,930

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Large-Cap

Value

Common

Stocks,

continued

Shares

Value

Keysight

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

$

30,779

Kimberly-Clark

Corp.

(Household

Products)

20,259

Kimco

Realty

Corp.

(Retail

REITs)

9,640

Kinder

Morgan,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,243

41,678

KKR

&

Co.,

Inc.

(Capital

Markets)

18,593

L3Harris

Technologies,

Inc.

(Aerospace

&

Defense)

40,728

Labcorp

Holdings,

Inc.

(Health

Care

Providers

&

Services)

13,874

Leidos

Holdings,

Inc.

(Professional

Services)

12,753

Lennar

Corp.

-

Class

A

(Household

Durables)

11,897

Lennox

International,

Inc.

(Building

Products)

9,283

Linde

PLC

(Chemicals)

146,745

Live

Nation

Entertainment,

Inc.

\*

(Entertainment)

7,168

Lockheed

Martin

Corp.

-

Class

B

(Aerospace

&

Defense)

77,966

Loews

Corp.

(Insurance)

11,421

Lowe's

Cos.,

Inc.

(Specialty

Retail)

83,879

Lululemon

Athletica,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

10,411

LyondellBasell

Industries

N.V.

-

Class

A

(Chemicals)

13,131

M&T

Bank

Corp.

(Banks)

19,845

Marathon

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

45,662

Marriott

International,

Inc.

-

Class

A

(Hotels,

Restaurants

&

Leisure)

—

(b) 102

Marsh

&

McLennan

Cos.,

Inc.

(Insurance)

53,249

Martin

Marietta

Materials,

Inc.

(Construction

Materials)

22,959

Masco

Corp.

(Building

Products)

7,848

MasterCard,

Inc.

-

Class

A

(Financial

Services)

84,942

McCormick

&

Co.,

Inc.

(Food

Products)

8,121

McDonald's

Corp.

(Hotels,

Restaurants

&

Leisure)

78,630

McKesson

Corp.

(Health

Care

Providers

&

Services)

66,633

Medtronic

PLC

(Health

Care

Equipment

&

Supplies)

813

70,446

Merck

&

Co.,

Inc.

(Pharmaceuticals)

1,574

189,337

MetLife,

Inc.

(Insurance)

24,681

Mettler-Toledo

International,

Inc.

\*

(Life

Sciences

Tools

&

Services)

8,828

MGM

Resorts

International

(Hotels,

Restaurants

&

Leisure)

4,515

Microchip

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

22,161

Mid-America

Apartment

Communities,

Inc.

(Residential

REITs)

9,037

Moderna,

Inc.

\*

(Biotechnology)

11,227

Molson

Coors

Beverage

Co.

-

Class

B

(Beverages)

4,650

Mondelez

International,

Inc.

-

Class

A

(Food

Products)

814

46,918

Moody's

Corp.

(Capital

Markets)

21,813

Morgan

Stanley

(Capital

Markets)

49,042

Motorola

Solutions,

Inc.

(Communications

Equipment)

45,567

MSCI,

Inc.

(Capital

Markets)

11,858

Nasdaq,

Inc.

(Capital

Markets)

24,109

NetApp,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

12,799

News

Corp.

-

Class

A

(Media)

5,883

News

Corp.

-

Class

B

(Media)

2,224

NextEra

Energy,

Inc.

(Electric

Utilities)

1,320

122,601

NIKE,

Inc.

-

Class

B

(Textiles,

Apparel

&

Luxury

Goods)

756

39,932

NiSource,

Inc.

(Multi-Utilities)

14,185

Nordson

Corp.

(Machinery)

8,780

Norfolk

Southern

Corp.

(Ground

Transportation)

40,754

Northern

Trust

Corp.

(Capital

Markets)

16,469

Northrop

Grumman

Corp.

(Aerospace

&

Defense)

57,990

Common

Stocks,

continued

Shares

Value

Norwegian

Cruise

Lines

Holdings,

Ltd.

\*

(Hotels,

Restaurants

&

Leisure)

$

2,412

NRG

Energy,

Inc.

(Electric

Utilities)

4,969

Nucor

Corp.

(Metals

&

Mining)

24,520

NVR,

Inc.

\*

(Household

Durables)

13,180

NXP

Semiconductors

N.V.

(Semiconductors

&

Semiconductor

Equipment)

31,498

Occidental

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

29,640

Old

Dominion

Freight

Line,

Inc.

(Ground

Transportation)

22,862

Omnicom

Group,

Inc.

(Media)

15,062

ON

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

15,480

ONEOK,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

36,066

Oracle

Corp.

(Software)

516

75,909

Otis

Worldwide

Corp.

(Machinery)

19,039

PACCAR,

Inc.

(Machinery)

38,462

Packaging

Corp.

of

America

(Containers

&

Packaging)

11,884

Palo

Alto

Networks,

Inc.

\*

(Software)

36,232

Paramount

Skydance

Corp.

\*(a)

-

Class

B

(Media)

1,786

Parker-Hannifin

Corp.

(Machinery)

32,229

Paychex,

Inc.

(Professional

Services)

18,884

PayPal

Holdings,

Inc.

\*

(Financial

Services)

584

26,414

Pentair

PLC

(Machinery)

9,059

PepsiCo,

Inc.

(Beverages)

867

134,637

Pfizer,

Inc.

(Pharmaceuticals)

3,606

101,256

PG&E

Corp.

(Electric

Utilities)

1,394

24,493

Philip

Morris

International,

Inc.

(Tobacco)

71,758

Phillips

(Oil,

Gas

&

Consumable

Fuels)

46,456

Pinnacle

West

Capital

Corp.

(Electric

Utilities)

7,657

PNC

Financial

Services

Group,

Inc.

(Banks)

53,271

Pool

Corp.

(Distributors)

4,249

PPG

Industries,

Inc.

(Chemicals)

15,177

PPL

Corp.

(Electric

Utilities)

17,954

Principal

Financial

Group,

Inc.

(Insurance)

11,354

Prologis,

Inc.

(Industrial

REITs)

590

77,986

Prudential

Financial,

Inc.

(Insurance)

21,589

PTC,

Inc.

\*

(Software)

10,687

Public

Service

Enterprise

Group,

Inc.

(Multi-Utilities)

25,661

Public

Storage

(Specialized

REITs)

27,088

PulteGroup,

Inc.

(Household

Durables)

14,348

Qnity

Electronics,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

15,346

QUALCOMM,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

676

87,055

Quest

Diagnostics,

Inc.

(Health

Care

Providers

&

Services)

13,719

Raymond

James

Financial,

Inc.

(Capital

Markets)

16,072

Realty

Income

Corp.

(Retail

REITs)

584

35,729

Regency

Centers

Corp.

(Retail

REITs)

7,944

Regeneron

Pharmaceuticals,

Inc.

(Biotechnology)

49,449

Regions

Financial

Corp.

(Banks)

552

14,418

Republic

Services,

Inc.

(Commercial

Services

&

Supplies)

28,035

ResMed,

Inc.

(Health

Care

Equipment

&

Supplies)

9,428

Revvity,

Inc.

(Life

Sciences

Tools

&

Services)

6,308

Rockwell

Automation,

Inc.

(Electrical

Equipment)

11,484

Roper

Technologies,

Inc.

(Software)

24,062

Ross

Stores,

Inc.

(Specialty

Retail)

23,179

S&P

Global,

Inc.

(Capital

Markets)

46,362

Salesforce,

Inc.

(Software)

594

110,882

SBA

Communications

Corp.

-

Class

A

(Specialized

REITs)

11,703

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Large-Cap

Value

Common

Stocks,

continued

Shares

Value

Seagate

Technology

Holdings

PLC

(Technology

Hardware,

Storage

&

Peripherals)

$

19,588

Sempra

(Multi-Utilities)

40,229

ServiceNow,

Inc.

\*

(Software)

26,974

Simon

Property

Group,

Inc.

(Retail

REITs)

22,570

Skyworks

Solutions,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

5,141

SLB,

Ltd.

(Energy

Equipment

&

Services)

949

48,769

Smurfit

WestRock

PLC

(Containers

&

Packaging)

13,230

Snap-on,

Inc.

(Machinery)

11,623

Solventum

Corp.

\*

(Health

Care

Equipment

&

Supplies)

6,073

Southwest

Airlines

Co.

(Passenger

Airlines)

11,722

Stanley

Black

&

Decker,

Inc.

(Machinery)

6,964

Starbucks

Corp.

(Hotels,

Restaurants

&

Leisure)

722

64,684

State

Street

Corp.

(Capital

Markets)

22,401

Steel

Dynamics,

Inc.

(Metals

&

Mining)

15,660

STERIS

PLC

(Health

Care

Equipment

&

Supplies)

6,855

Stryker

Corp.

(Health

Care

Equipment

&

Supplies)

41,402

Super

Micro

Computer,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

7,286

Synchrony

Financial

(Consumer

Finance)

15,032

Synopsys,

Inc.

\*

(Software)

47,974

Sysco

Corp.

(Consumer

Staples

Distribution

&

Retail)

21,684

T. Rowe

Price

Group,

Inc.

(Capital

Markets)

12,529

Take-Two

Interactive

Software,

Inc.

\*

(Entertainment)

10,468

Targa

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

34,099

Target

Corp.

(Consumer

Staples

Distribution

&

Retail)

34,784

TE

Connectivity,

Ltd.

(Electronic

Equipment,

Instruments

&

Components)

11,914

Teledyne

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

17,545

Teradyne,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

12,451

Tesla,

Inc.

\*

(Automobiles)

677

251,675

Texas

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

576

111,825

Texas

Pacific

Land

Corp.

(Oil,

Gas

&

Consumable

Fuels)

17,559

Textron,

Inc.

(Aerospace

&

Defense)

9,719

The

AES

Corp.

(Independent

Power/Renewable

Electricity

Producers)

6,383

The

Bank

of

New

York

Mellon

Corp.

(Capital

Markets)

19,099

The

Boeing

Co.

\*

(Aerospace

&

Defense)

55,529

The

Charles

Schwab

Corp.

(Capital

Markets)

1,059

99,526

The

Cigna

Group

(Health

Care

Providers

&

Services)

44,547

The

Clorox

Co.

(Household

Products)

7,876

The

Coca-Cola

Co.

(Beverages)

1,424

108,296

The

Cooper

Cos.,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

8,938

The

Estee

Lauder

Cos.,

Inc.

(Personal

Care

Products)

11,268

The

Goldman

Sachs

Group,

Inc.

(Capital

Markets)

56,681

The

Hartford

Financial

Services

Group,

Inc.

(Insurance)

23,936

The

Hershey

Co.

(Food

Products)

19,542

The

Home

Depot,

Inc.

(Specialty

Retail)

631

207,529

The

J.M.

Smucker

Co.

(Food

Products)

6,558

The

Kraft

Heinz

Co.

(Food

Products)

541

12,167

The

Kroger

Co.

(Consumer

Staples

Distribution

&

Retail)

26,701

The

Mosaic

Co.

(Chemicals)

5,177

The

Procter

&

Gamble

Co.

(Household

Products)

1,474

212,904

The

Progressive

Corp.

(Insurance)

32,313

The

Sherwin-Williams

Co.

(Chemicals)

46,800

The

Southern

Co.

(Electric

Utilities)

698

67,371

The

TJX

Cos.,

Inc.

(Specialty

Retail)

50,625

The

Trade

Desk,

Inc.

\*

-

Class

A

(Media)

6,353

Common

Stocks,

continued

Shares

Value

The

Travelers

Cos.,

Inc.

(Insurance)

$

39,960

The

Walt

Disney

Co.

(Entertainment)

1,124

108,331

The

Williams

Cos.,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

775

56,405

Thermo

Fisher

Scientific,

Inc.

(Life

Sciences

Tools

&

Services)

116,985

T-Mobile

U.S.,

Inc.

(Wireless

Telecommunication

Services)

63,009

Tractor

Supply

Co.

(Specialty

Retail)

15,221

Trane

Technologies

PLC

(Building

Products)

27,505

Trimble,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

9,850

Truist

Financial

Corp.

(Banks)

801

36,822

Tyler

Technologies,

Inc.

\*

(Software)

9,244

Tyson

Foods,

Inc.

-

Class

A

(Food

Products)

11,469

U.S.

Bancorp

(Banks)

986

51,282

UDR,

Inc.

(Residential

REITs)

6,452

Union

Pacific

Corp.

(Ground

Transportation)

91,225

United

Airlines

Holdings,

Inc.

\*

(Passenger

Airlines)

18,874

United

Parcel

Service,

Inc.

-

Class

B

(Air

Freight

&

Logistics)

46,042

United

Rentals,

Inc.

(Trading

Companies

&

Distributors)

13,114

UnitedHealth

Group,

Inc.

(Health

Care

Providers

&

Services)

574

155,318

Universal

Health

Services,

Inc.

-

Class

B

(Health

Care

Providers

&

Services)

6,443

Valero

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

47,686

Ventas,

Inc.

(Health

Care

REITs)

11,776

Veralto

Corp.

\*

(Commercial

Services

&

Supplies)

13,970

Verisk

Analytics,

Inc.

(Professional

Services)

7,970

Verizon

Communications,

Inc.

(Diversified

Telecommunication

Services)

2,674

134,234

Vertex

Pharmaceuticals,

Inc.

\*

(Biotechnology)

71,893

Viatris,

Inc.

(Pharmaceuticals)

732

9,889

VICI

Properties,

Inc.

(Specialized

REITs)

678

18,523

Visa,

Inc.

-

Class

A

(Financial

Services)

145,076

Vulcan

Materials

Co.

(Construction

Materials)

22,873

W.R.

Berkley

Corp.

(Insurance)

5,435

W.W.

Grainger,

Inc.

(Trading

Companies

&

Distributors)

30,543

Wabtec

Corp.

(Machinery)

26,990

Walmart,

Inc.

(Consumer

Staples

Distribution

&

Retail)

2,779

345,374

Warner

Bros.

Discovery,

Inc.

\*

(Entertainment)

1,572

43,167

Waste

Management,

Inc.

(Commercial

Services

&

Supplies)

54,001

Waters

Corp.

\*

(Life

Sciences

Tools

&

Services)

18,464

WEC

Energy

Group,

Inc.

(Multi-Utilities)

23,849

Wells

Fargo

&

Co.

(Banks)

1,961

156,115

West

Pharmaceutical

Services,

Inc.

(Life

Sciences

Tools

&

Services)

11,529

Western

Digital

Corp.

(Technology

Hardware,

Storage

&

Peripherals)

58,156

Weyerhaeuser

Co.

(Specialized

REITs)

11,189

Williams-Sonoma,

Inc.

(Specialty

Retail)

13,675

Willis

Towers

Watson

PLC

(Insurance)

17,733

Workday,

Inc.

\*

-

Class

A

(Software)

9,744

Xcel

Energy,

Inc.

(Electric

Utilities)

29,790

Xylem,

Inc.

(Machinery)

18,523

Yum!

Brands,

Inc.

(Hotels,

Restaurants

&

Leisure)

13,993

Zebra

Technologies

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

6,481

Zimmer

Biomet

Holdings,

Inc.

(Health

Care

Equipment

&

Supplies)

11,303

Zoetis,

Inc.

(Pharmaceuticals)

31,680

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $13,013,241)

17,086,035

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Large-Cap

Value

Collateral

for

Securities

Loaned

(c) (NM)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 3.67%

(d) 4,130

$

4,130

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $4,130)

4,130

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$13,017,371)— 99.9%

17,090,165

Net

other

assets

(liabilities)

—

.1

%

23,884

NET

ASSETS

—

100.0%

$

17,114,049

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

March

31,

2026. The

total

value

of

securities

on

loan

as

of

March

31,

2026

was

$4,037.

(b) Number

of

shares

is

less

than

0.50. (c) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

March

31,

2026. (d) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

March

31,

2026. NM

Not

meaningful,

amount

is

less

than

0.05%

REIT

Real

Estate

Investment

Trust

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Large-Cap

Value

ProFund

VP

Large-Cap

Value

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

284,392

1.7%

Air

Freight

&

Logistics

119,468

0.7%

Automobile

Components

9,374

0.1%

Automobiles

323,052

1.9%

Banks

898,276

5.3%

Beverages

286,537

1.7%

Biotechnology

370,355

2.2%

Broadline

Retail

613,218

3.7%

Building

Products

104,097

0.6%

Capital

Markets

733,708

4.3%

Chemicals

415,579

2.5%

Commercial

Services

&

Supplies

151,129

0.9%

Communications

Equipment

147,306

0.9%

Construction

Materials

90,508

0.5%

Consumer

Finance

120,245

0.7%

Consumer

Staples

Distribution

&

Retail

737,975

4.4%

Containers

&

Packaging

67,290

0.4%

Distributors

13,555

0.1%

Diversified

Telecommunication

Services

262,950

1.4%

Electric

Utilities

541,286

3.2%

Electrical

Equipment

201,385

1.2%

Electronic

Equipment,

Instruments

&

Components

114,459

0.7%

Energy

Equipment

&

Services

107,690

0.6%

Entertainment

184,424

1.1%

Financial

Services

344,583

2.0%

Food

Products

162,315

0.9%

Gas

Utilities

19,396

0.1%

Ground

Transportation

213,239

1.2%

Health

Care

Equipment

&

Supplies

382,996

2.2%

Health

Care

Providers

&

Services

500,448

2.9%

Health

Care

REITs

19,038

0.1%

Hotel

&

Resort

REITs

7,798

NM

Hotels,

Restaurants

&

Leisure

230,227

1.3%

Household

Durables

86,650

0.5%

Household

Products

298,683

1.7%

Independent

Power/Renewable

Electricity

Producers

6,383

NM

Industrial

Conglomerates

229,894

1.3%

Industrial

REITs

77,986

0.5%

Insurance

555,032

3.2%

IT

Services

194,322

1.1%

Leisure

Products

7,956

NM

Life

Sciences

Tools

&

Services

287,272

1.7%

Machinery

376,550

2.2%

Media

112,496

0.7%

Metals

&

Mining

93,787

0.5%

Multi-Utilities

235,034

1.4%

Office

REITs

9,521

0.1%

Oil,

Gas

&

Consumable

Fuels

1,314,372

7.7%

Passenger

Airlines

57,986

0.3%

Personal

Care

Products

32,232

0.2%

Pharmaceuticals

563,481

3.3%

Professional

Services

126,545

0.7%

Real

Estate

Management

&

Development

35,776

0.2%

Residential

REITs

68,408

0.4%

Retail

REITs

81,194

0.5%

Semiconductors

&

Semiconductor

Equipment

530,725

3.1%

Software

518,436

3.1%

Specialized

REITs

277,702

1.6%

Specialty

Retail

429,413

2.5%

Technology

Hardware,

Storage

&

Peripherals

1,341,349

7.8%

Textiles,

Apparel

&

Luxury

Goods

59,351

0.3%

Tobacco

141,971

0.8%

Trading

Companies

&

Distributors

77,482

0.5%

Value

%

of

Net

Assets

Water

Utilities

$

16,739

0.1%

Wireless

Telecommunication

Services

63,009

0.4%

Other

\*\*

28,014

0.1%

Total

$

17,114,049

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

NM

Not

meaningful,

amount

is

less

than

0.05%

REIT

Real

Estate

Investment

Trust

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Materials

Common

Stocks

(98.0%)

Shares

Value

Air

Products

&

Chemicals,

Inc.

(Chemicals)

2,043

$

593,471

Albemarle

Corp.

(Chemicals)

1,878

337,157

Amcor

plc

(Containers

&

Packaging)

7,361

292,600

Avery

Dennison

Corp.

(Containers

&

Packaging)

1,231

212,569

Ball

Corp.

(Containers

&

Packaging)

4,270

252,400

CF

Industries

Holdings,

Inc.

(Chemicals)

2,485

322,652

Corteva,

Inc.

(Chemicals)

7,216

604,051

CRH

PLC

(Construction

Materials)

5,456

573,535

Dow,

Inc.

(Chemicals)

11,432

476,143

DuPont

de

Nemours,

Inc.

(Chemicals)

6,519

298,570

Ecolab,

Inc.

(Chemicals)

2,048

544,809

Freeport-McMoRan,

Inc.

(Metals

&

Mining)

11,379

668,858

International

Flavors

&

Fragrances,

Inc.

(Chemicals)

4,080

296,004

International

Paper

Co.

(Containers

&

Packaging)

8,413

300,344

LyondellBasell

Industries

N.V.

-

Class

A

(Chemicals)

4,102

330,457

Martin

Marietta

Materials,

Inc.

(Construction

Materials)

949

558,657

New

Linde

PLC

(Chemicals)

3,697

1,832,825

Newmont

Corp.

(Metals

&

Mining)

8,640

935,280

Nucor

Corp.

(Metals

&

Mining)

3,303

558,537

Packaging

Corp.

of

America

(Containers

&

Packaging)

1,424

302,201

PPG

Industries,

Inc.

(Chemicals)

3,575

382,096

Smurfit

WestRock

PLC

(Containers

&

Packaging)

8,323

331,671

Steel

Dynamics,

Inc.

(Metals

&

Mining)

2,187

393,660

Common

Stocks,

continued

Shares

Value

The

Mosaic

Co.

(Chemicals)

5,057

$

128,954

The

Sherwin-Williams

Co.

(Chemicals)

1,825

585,004

Vulcan

Materials

Co.

(Construction

Materials)

2,105

573,192

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $5,583,665)

12,685,697

Repurchase

Agreements

(a) (1.2%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$155,015

$

155,000

$

155,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$155,000)

155,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$5,738,665)— 99.2%

12,840,697

Net

other

assets

(liabilities) —

0.8%

106,570

NET

ASSETS

—

100.0%

$

12,947,267

(a) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements'

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

Materials

Select

Sector

Index

Goldman

Sachs

International

4/23/26

4.39%

$

248,620

$

11,322

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

ProFund

VP

Materials

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Chemicals

$

6,732,193

52.0%

Construction

Materials

1,705,384

13.2%

Containers

&

Packaging

1,691,785

13.1%

Metals

&

Mining

2,556,335

19.7%

Other

\*\*

261,570

2.0%

Total

$

12,947,267

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Mid-Cap

Repurchase

Agreements

(a) (b) (96

.8

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$9,954,971

$

9,954,000

$

9,954,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$9,954,000)

9,954,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$10,088,547)— 98.1%

10,088,547

Net

other

assets

(liabilities)

—

.9

%

195,836

NET

ASSETS

—

100.0%

$

10,284,383

(a) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$1,221,000.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

E-Mini

S&P

MidCap

Index

6/22/26

$

1,698,250

$

12,083

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

MidCap

Goldman

Sachs

International

4/27/26

4.29%

$

4,168,104

$

80,664

S&P

MidCap

UBS

AG

4/27/26

4.44%

4,415,759

85,900

$8,583,863

$166,564

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Mid-Cap

Growth

Common

Stocks

(99.8%)

Shares

Value

AAON,

Inc.

(Building

Products)

637

$

52,712

Abercrombie

&

Fitch

Co.

\*

-

Class

A

(Specialty

Retail)

16,172

Acuity,

Inc.

(Electrical

Equipment)

54,643

Advanced

Drainage

Systems,

Inc.

(Building

Products)

51,835

Advanced

Energy

Industries,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

114,562

AECOM

\*

(Construction

&

Engineering)

535

45,379

AeroVironment,

Inc.

\*

(Aerospace

&

Defense)

54,732

Affiliated

Managers

Group,

Inc.

(Capital

Markets)

73,326

Agree

Realty

Corp.

(Retail

REITs)

508

38,293

Allegro

MicroSystems

,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

735

23,175

American

Financial

Group,

Inc.

(Insurance)

33,205

American

Healthcare

REIT,

Inc.

(Health

Care

REITs)

1,018

48,009

Amkor

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

514

23,145

Antero

Midstream

Corp.

(Oil,

Gas

&

Consumable

Fuels)

3,116

71,045

API

Group

Corp.

\*

(Industrial

Support

Services)

3,609

146,237

Appfolio

,

Inc.

\*

-

Class

A

(Software)

36,141

Applied

Industrial

Technologies,

Inc.

(Trading

Companies

&

Distributors)

51,472

Arrowhead

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,317

82,576

ATI,

Inc.

(Metals

&

Mining)

1,278

185,898

Autoliv,

Inc.

(Automobile

Components)

42,064

Avis

Budget

Group,

Inc.

\*(a)

(Ground

Transportation)

16,189

Belden,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

19,521

BellRing

Brands,

Inc.

\*

(Personal

Care

Products)

7,273

Bentley

Systems,

Inc.

-

Class

B

(Software)

882

30,976

BILL

Holdings,

Inc.

\*

(Software)

15,512

BioMarin

Pharmaceutical,

Inc.

\*

(Biotechnology)

1,030

58,185

Bio-Rad

Laboratories,

Inc.

\*

-

Class

A

(Life

Sciences

Tools

&

Services)

26,481

Blackbaud,

Inc.

(Software)

6,486

Boyd

Gaming

Corp.

(Hotels,

Restaurants

&

Leisure)

544

44,706

Brixmor

Property

Group,

Inc.

(Retail

REITs)

1,326

38,189

Bruker

Corp.

\*

(Life

Sciences

Tools

&

Services)

551

19,902

Burlington

Stores,

Inc.

\*

(Specialty

Retail)

116,161

BWX

Technologies,

Inc.

(Aerospace

&

Defense)

860

175,861

CACI

International,

Inc.

\*

-

Class

A

(Professional

Services)

113,124

Capri

Holdings,

Ltd.

\*

(Textiles,

Apparel

&

Luxury

Goods)

537

9,462

CareTrust

REIT,

Inc.

(Health

Care

REITs)

2,102

77,038

Carlisle

Cos.,

Inc.

(Building

Products)

55,381

Carpenter

Technology

Corp.

(Metals

&

Mining)

184,856

Casey's

General

Stores,

Inc.

(Consumer

Staples

Distribution

&

Retail)

254,022

Cava

Group,

Inc.

\*

(Leisure

Facilities

&

Services)

31,794

Celsius

Holdings,

Inc.

\*

(Beverages)

1,503

53,326

Chart

Industries,

Inc.

\*

(Machinery)

87,249

Chemed

Corp.

(Health

Care

Providers

&

Services)

24,553

Chewy,

Inc.

\*

-

Class

A

(Specialty

Retail)

1,503

40,581

Choice

Hotels

International,

Inc.

\*(a)

(Hotels,

Restaurants

&

Leisure)

11,903

Churchill

Downs,

Inc.

(Hotels,

Restaurants

&

Leisure)

624

56,054

Cirrus

Logic,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

39,481

Clean

Harbors,

Inc.

\*

(Commercial

Services

&

Supplies)

69,675

Coca-Cola

Consolidated,

Inc.

(Beverages)

533

102,198

Cognex

Corp.

(Electronic

Equipment,

Instruments

&

Components)

778

38,114

CommVault

Systems,

Inc.

\*

(Software)

19,628

COPT

Defense

Properties

(Office

REITs)

13,617

Core

&

Main,

Inc.

\*

-

Class

A

(Trading

Companies

&

Distributors)

780

38,532

Crane

Co.

(Machinery)

40,185

Common

Stocks,

continued

Shares

Value

Crane

NXT

Co.

(Electronic

Equipment,

Instruments

&

Components)

$

8,118

Crocs,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

16,438

CubeSmart

(Specialized

REITs)

965

35,367

Cullen/Frost

Bankers,

Inc.

(Banks)

40,713

Curtiss-Wright

Corp.

(Aerospace

&

Defense)

236,348

Cytokinetics,

Inc.

\*

(Biotechnology)

621

40,930

Dick's

Sporting

Goods,

Inc.

(Specialty

Retail)

49,771

DocuSign,

Inc.

\*

(Software)

1,111

52,673

Dolby

Laboratories,

Inc.

\*

-

Class

A

(Software)

15,435

Donaldson

Co.,

Inc.

(Machinery)

728

61,785

Doximity,

Inc.

\*

-

Class

A

(Health

Care

Technology)

1,257

29,288

Dropbox,

Inc.

\*

-

Class

A

(Software)

1,641

37,284

DT

Midstream,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

689

92,787

Duolingo,

Inc.

\*

(Diversified

Consumer

Services)

25,431

Dutch

Bros,

Inc.

\*

(Leisure

Facilities

&

Services)

669

33,891

Dycom

Industries,

Inc.

\*

(Construction

&

Engineering)

95,547

Dynatrace,

Inc.

\*

(Software)

2,809

103,877

Eagle

Materials,

Inc.

(Construction

Materials)

28,607

East

West

Bancorp,

Inc.

(Banks)

660

70,462

EastGroup

Properties,

Inc.

(Industrial

REITs)

57,563

Elanco

Animal

Health,

Inc.

\*

(Pharmaceuticals)

4,676

111,896

elf

Beauty,

Inc.

\*

(Personal

Care

Products)

22,547

Encompass

Health

Corp.

(Health

Care

Providers

&

Services)

947

91,603

EnerSys

(Electrical

Equipment)

60,281

Entegris

,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

572

67,061

EPR

Properties

(Specialized

REITs)

18,585

Equitable

Holdings,

Inc.

(Financial

Services)

1,278

47,427

Equity

LifeStyle

Properties,

Inc.

(Residential

REITs)

929

57,988

Esab

Corp.

(Machinery)

22,715

Essent

Group,

Ltd.

(Financial

Services)

21,973

Evercore,

Inc.

(Capital

Markets)

67,463

Exelixis

,

Inc.

\*

(Biotechnology)

2,443

104,780

ExlService

Holdings,

Inc.

\*

(Professional

Services)

1,477

44,975

Exponent,

Inc.

(Professional

Services)

15,921

Fabrinet

\*

(Electronic

Equipment,

Instruments

&

Components)

175,752

Federated

Hermes,

Inc.

-

Class

B

(Capital

Markets)

695

39,413

First

Financial

Bankshares

,

Inc.

(Banks)

514

15,137

First

Industrial

Realty

Trust,

Inc.

(Industrial

REITs)

1,247

72,139

FirstCash

Holdings,

Inc.

(Consumer

Finance)

68,620

Five

Below,

Inc.

\*

(Specialty

Retail)

518

118,353

Flex,

Ltd.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,459

226,427

Flowserve

Corp.

(Machinery)

1,195

87,844

Fortune

Brands

Innovations,

Inc.

(Building

Products)

644

25,097

FTI

Consulting,

Inc.

\*

(Professional

Services)

20,329

Gaming

and

Leisure

Properties,

Inc.

(Specialized

REITs)

1,198

53,155

GATX

Corp.

(Trading

Companies

&

Distributors)

33,294

Genpact,

Ltd.

(Professional

Services)

699

26,038

Gentex

Corp.

(Automobile

Components)

823

17,983

Globus

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,047

90,210

Graco,

Inc.

(Machinery)

795

67,297

Graham

Holdings

Co.

-

Class

B

(Diversified

Consumer

Services)

15,859

Grand

Canyon

Education,

Inc.

\*

(Diversified

Consumer

Services)

44,208

Guidewire

Software,

Inc.

\*

(Software)

800

119,648

H&R

Block,

Inc.

(Diversified

Consumer

Services)

619

19,647

Haemonetics

Corp.

\*

(Health

Care

Equipment

&

Supplies)

14,766

Halozyme

Therapeutics,

Inc.

\*

(Biotechnology)

1,106

71,481

Hamilton

Lane,

Inc.

-

Class

A

(Capital

Markets)

20,675

HealthEquity,

Inc.

\*

(Health

Care

Providers

&

Services)

804

67,190

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Mid-Cap

Growth

Common

Stocks,

continued

Shares

Value

Hecla

Mining

Co.

(Metals

&

Mining)

6,308

$

117,518

Hexcel

Corp.

(Aerospace

&

Defense)

715

57,865

Hilton

Grand

Vacations,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

562

21,985

Hims

&

Hers

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

1,959

40,669

Houlihan

Lokey,

Inc.

(Capital

Markets)

38,921

Hyatt

Hotels

Corp.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

38,680

IDACORP,

Inc.

(Electric

Utilities)

37,744

Illumina,

Inc.

\*

(Life

Sciences

Tools

&

Services)

776

95,650

InterDigital

,

Inc.

(Software)

73,386

International

Bancshares

Corp.

(Banks)

16,082

ITT,

Inc.

(Machinery)

810

154,329

Jazz

Pharmaceuticals

PLC

\*

(Pharmaceuticals)

572

108,137

Kinsale

Capital

Group,

Inc.

(Insurance)

71,065

Kirby

Corp.

\*

(Marine

Transportation)

31,227

Knife

River

Corp.

(Construction

Materials)

17,391

Kratos

Defense

&

Security

Solutions,

Inc.

\*

(Aerospace

&

Defense)

1,737

122,476

Lamar

Advertising

Co.

-

Class

A

(Specialized

REITs)

62,190

Lancaster

Colony

Corp.

(Food

Products)

13,280

Lantheus

Holdings,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

32,616

Lattice

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

760

70,498

Lincoln

Electric

Holdings,

Inc.

(Machinery)

87,925

Littelfuse

,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

33,596

LivaNova

PLC

\*

(Health

Care

Equipment

&

Supplies)

514

32,670

MACOM

Technology

Solutions

Holdings,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

607

134,796

Manhattan

Associates,

Inc.

\*

(Software)

45,660

Masimo

Corp.

\*

(Health

Care

Equipment

&

Supplies)

43,756

MasTec

,

Inc.

\*

(Construction

&

Engineering)

577

185,644

Mattel,

Inc.

\*

(Leisure

Products)

1,168

16,971

Maximus,

Inc.

(Professional

Services)

17,692

Medpace

Holdings,

Inc.

\*

(Life

Sciences

Tools

&

Services)

101,800

MGIC

Investment

Corp.

(Financial

Services)

1,052

27,615

MKS,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

103,185

Moog,

Inc.

-

Class

A

(Aerospace

&

Defense)

78,428

Morningstar,

Inc.

(Capital

Markets)

17,919

MP

Materials

Corp.

\*

(Metals

&

Mining)

747

36,050

MSA

Safety,

Inc.

(Commercial

Services

&

Supplies)

33,938

MSC

Industrial

Direct

Co.,

Inc.

(Trading

Companies

&

Distributors)

16,701

Mueller

Industries,

Inc.

(Machinery)

753

83,432

National

Fuel

Gas

Co.

(Gas

Utilities)

554

52,054

National

Storage

Affiliates

Trust

(Specialized

REITs)

10,492

Neurocrine

Biosciences,

Inc.

\*

(Biotechnology)

944

124,363

NewMarket

Corp.

(Chemicals)

46,789

Nexstar

Media

Group,

Inc.

(Media)

26,763

Nextpower

,

Inc.

\*

-

Class

A

(Electrical

Equipment)

909

109,580

NNN

REIT,

Inc.

(Retail

REITs)

767

32,237

NorthWestern

Energy

Group,

Inc.

(Multi-Utilities)

16,749

Novanta,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

18,779

Nutanix,

Inc.

\*

-

Class

A

(Software)

1,525

57,965

nVent

Electric

PLC

(Electrical

Equipment)

1,518

179,549

Okta,

Inc.

\*

(IT

Services)

1,595

125,542

Old

Republic

International

Corp.

(Insurance)

1,114

44,449

Ollie's

Bargain

Outlet

Holdings,

Inc.

\*

(Broadline

Retail)

577

53,107

Omega

Healthcare

Investors,

Inc.

(Health

Care

REITs)

1,501

65,774

Common

Stocks,

continued

Shares

Value

Onto

Innovation,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

$

46,141

Option

Care

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

1,492

40,165

Ormat

Technologies,

Inc.

(Independent

Power/

Renewable

Electricity

Producers)

572

64,018

Oshkosh

Corp.

(Machinery)

40,188

Parsons

Corp.

\*

(Professional

Services)

18,039

Paylocity

Holding

Corp.

\*

(Professional

Services)

44,188

Pegasystems,

Inc.

(Software)

858

36,516

Penumbra,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

121,168

Pinterest,

Inc.

\*

-

Class

A

(Interactive

Media

&

Services)

3,747

68,720

Planet

Fitness,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

781

58,091

Primerica,

Inc.

(Insurance)

43,834

Pure

Storage,

Inc.

\*

-

Class

A

(Technology

Hardware,

Storage

&

Peripherals)

2,951

174,227

Qualys,

Inc.

\*

(Software)

29,518

Rambus,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,012

87,062

Rb

Global,

Inc.

\*

(Commercial

Services

&

Supplies)

1,749

167,642

RBC

Bearings,

Inc.

\*

(Machinery)

161,307

RenaissanceRe

Holdings,

Ltd.

(Insurance)

63,607

Repligen

Corp.

\*

(Life

Sciences

Tools

&

Services)

32,165

Roivant

Sciences,

Ltd.

\*

(Biotechnology)

2,460

68,142

Royal

Gold,

Inc.

(Metals

&

Mining)

763

194,177

RPM

International,

Inc.

(Chemicals)

49,004

Ryan

Specialty

Holdings,

Inc.

\*

(Insurance)

708

23,888

Sabra

Health

Care

REIT,

Inc.

(Health

Care

REITs)

2,372

45,614

SEI

Investments

Co.

(Capital

Markets)

516

40,491

Service

Corp.

International

(Diversified

Consumer

Services)

695

57,344

Shift4

Payments,

Inc.

\*(a)

-

Class

A

(Financial

Services)

18,060

Silicon

Laboratories,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

34,137

Simpson

Manufacturing

Co.,

Inc.

(Building

Products)

32,951

SiTime

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

71,833

SLM

Corp.

(Consumer

Finance)

1,031

22,074

Solstice

Advanced

Materials,

Inc.

\*

(Chemicals)

792

60,319

Sotera

Health

Co.

\*

(Life

Sciences

Tools

&

Services)

2,191

31,419

Spire,

Inc.

(Gas

Utilities)

21,639

Sprouts

Farmers

Market,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

28,230

SPX

Technologies,

Inc.

\*

(Machinery)

93,772

STAG

Industrial,

Inc.

(Industrial

REITs)

1,096

39,522

STANDARDAERO

INC

\*

(Aerospace

&

Defense)

1,107

28,594

Sterling

Infrastructure,

Inc.

\*

(Construction

&

Engineering)

117,701

Stifel

Financial

Corp.

(Capital

Markets)

789

58,323

Talen

Energy

Corp.

\*

(Electric

Utilities)

137,269

TechnipFMC

PLC

(Energy

Equipment

&

Services)

3,808

263,247

Tempur

Sealy

International,

Inc.

(Household

Durables)

1,975

145,992

Tenet

Healthcare

Corp.

\*

(Health

Care

Providers

&

Services)

827

156,063

Tetra

Tech,

Inc.

(Commercial

Services

&

Supplies)

2,453

73,884

Texas

Capital

Bancshares,

Inc.

\*

(Banks)

19,450

Texas

Roadhouse,

Inc.

(Hotels,

Restaurants

&

Leisure)

622

102,717

The

Brink's

Co.

(Commercial

Services

&

Supplies)

28,706

The

Carlyle

Group,

Inc.

(Capital

Markets)

951

46,019

The

Ensign

Group,

Inc.

(Health

Care

Providers

&

Services)

542

109,213

The

Hanover

Insurance

Group,

Inc.

(Insurance)

24,962

The

New

York

Times

Co.

-

Class

A

(Media)

1,519

127,186

TopBuild

Corp.

\*

(Household

Durables)

92,392

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Mid-Cap

Growth

Common

Stocks,

continued

Shares

Value

TransUnion

(Professional

Services)

941

$

65,107

Travel

+

Leisure

Co.

(Hotels,

Restaurants

&

Leisure)

606

41,929

TTM

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

973

94,790

Twilio,

Inc.

\*

-

Class

A

(Software)

1,426

179,419

TXNM

Energy,

Inc.

(Electric

Utilities)

22,098

UiPath,

Inc.

\*

-

Class

A

(Software)

3,064

34,010

UL

Solutions,

Inc.

\*

-

Class

A

(Professional

Services)

728

62,397

United

Therapeutics

Corp.

\*

(Biotechnology)

240,157

Universal

Display

Corp.

(Semiconductors

&

Semiconductor

Equipment)

16,774

Vail

Resorts,

Inc.

(Hotels,

Restaurants

&

Leisure)

21,301

Valaris

,

Ltd.

\*

(Energy

Equipment

&

Services)

606

59,412

Valmont

Industries,

Inc.

(Construction

&

Engineering)

44,352

Valvoline,

Inc.

\*

(Specialty

Retail)

1,196

40,281

Vicor

Corp.

\*

(Electrical

Equipment)

34,454

Vontier

Corp.

(Electronic

Equipment,

Instruments

&

Components)

585

20,750

Warner

Music

Group

Corp.

-

Class

A

(Entertainment)

732

18,695

Watts

Water

Technologies,

Inc.

-

Class

A

(Machinery)

74,895

Weatherford

International

PLC

(Energy

Equipment

&

Services)

26,672

WEX,

Inc.

\*

(Financial

Services)

29,384

Wingstop

,

Inc.

(Hotels,

Restaurants

&

Leisure)

40,602

Woodward,

Inc.

(Aerospace

&

Defense)

561

200,793

WP

Carey,

Inc.

(Equity

REIT

-

Diversified)

1,092

74,212

Wyndham

Hotels

&

Resorts,

Inc.

(Hotels,

Restaurants

&

Leisure)

30,542

XPO,

Inc.

\*

(Ground

Transportation)

1,103

214,589

YETI

Holdings,

Inc.

\*

(Leisure

Products)

15,770

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $11,881,012)

15,326,922

Repurchase

Agreements

(b) (0.1%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$12,001

$

12,000

12,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$12,000)

12,000

Collateral

for

Securities

Loaned

(c) (0.3%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 3.67

%

(d) 39,733

39,733

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $39,733)

39,733

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$11,932,745)— 100.2%

15,378,655

Net

other

assets

(liabilities) —

(0.2)%

(25,213)

NET

ASSETS

—

100.0%

$

15,353,442

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

March

31,

2026. The

total

value

of

securities

on

loan

as

of

March

31,

2026

was

$40,253.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

(c) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

March

31,

2026. (d) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

March

31,

2026. REIT

Real

Estate

Investment

Trust

ProFund

VP

Mid-Cap

Growth

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

955,097

6.2%

Automobile

Components

60,047

0.4%

Banks

161,844

1.1%

Beverages

155,524

1.0%

Biotechnology

790,614

5.2%

Broadline

Retail

53,107

0.3%

Building

Products

217,976

1.4%

Capital

Markets

402,550

2.6%

Chemicals

156,112

1.0%

Commercial

Services

&

Supplies

373,845

2.4%

Construction

&

Engineering

488,623

3.2%

Construction

Materials

45,998

0.3%

Consumer

Finance

90,694

0.6%

Consumer

Staples

Distribution

&

Retail

282,252

1.8%

Diversified

Consumer

Services

162,489

1.1%

Electric

Utilities

197,111

1.3%

Electrical

Equipment

438,507

2.9%

Electronic

Equipment,

Instruments

&

Components

750,409

4.9%

Energy

Equipment

&

Services

349,331

2.2%

Entertainment

18,695

0.1%

Equity

REIT

-

Diversified

74,212

0.5%

Financial

Services

144,459

0.9%

Food

Products

13,280

0.1%

Gas

Utilities

73,693

0.5%

Ground

Transportation

230,778

1.5%

Health

Care

Equipment

&

Supplies

335,186

2.2%

Health

Care

Providers

&

Services

529,456

3.4%

Health

Care

REITs

236,435

1.5%

Health

Care

Technology

29,288

0.2%

Hotels,

Restaurants

&

Leisure

468,510

3.0%

Household

Durables

238,384

1.6%

Independent

Power/Renewable

Electricity

Producers

64,018

0.4%

Industrial

REITs

169,224

1.1%

Industrial

Support

Services

146,237

1.0%

Insurance

305,010

2.0%

Interactive

Media

&

Services

68,720

0.4%

IT

Services

125,542

0.8%

Leisure

Facilities

&

Services

65,685

0.4%

Leisure

Products

32,741

0.2%

Life

Sciences

Tools

&

Services

307,417

2.0%

Machinery

1,062,923

6.9%

Marine

Transportation

31,227

0.2%

Media

153,949

1.1%

Metals

&

Mining

718,499

4.7%

Multi-Utilities

16,749

0.1%

Office

REITs

13,617

0.1%

Oil,

Gas

&

Consumable

Fuels

163,832

1.1%

Personal

Care

Products

29,820

0.2%

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Mid-Cap

Growth

Value

%

of

Net

Assets

Pharmaceuticals

$

220,033

1.4%

Professional

Services

427,810

2.8%

Residential

REITs

57,988

0.4%

Retail

REITs

108,719

0.7%

Semiconductors

&

Semiconductor

Equipment

717,288

4.7%

Software

894,134

5.8%

Specialized

REITs

179,789

1.2%

Specialty

Retail

381,319

2.5%

Technology

Hardware,

Storage

&

Peripherals

174,227

1.1%

Textiles,

Apparel

&

Luxury

Goods

25,900

0.2%

Trading

Companies

&

Distributors

139,999

0.9%

Other

\*\*

26,520

0.2%

Total

$

15,353,442

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

REIT

Real

Estate

Investment

Trust

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Mid-Cap

Value

Common

Stocks

(99

.8

%)

Shares

Value

Abercrombie

&

Fitch

Co.

\*

-

Class

A

(Specialty

Retail)

$

15,442

Acuity,

Inc.

(Electrical

Equipment)

17,093

Advanced

Drainage

Systems,

Inc.

(Building

Products)

27,152

AECOM

\*

(Construction

&

Engineering)

38,593

AGCO

Corp.

(Machinery)

43,683

Agree

Realty

Corp.

(Retail

REITs)

31,207

Alaska

Air

Group,

Inc.

\*

(Passenger

Airlines)

719

26,445

Albertsons

Cos.,

Inc.

-

Class

A

(Consumer

Staples

Distribution

&

Retail)

2,322

39,567

Alcoa

Corp.

(Metals

&

Mining)

1,626

107,852

Allegro

MicroSystems,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

9,049

Ally

Financial,

Inc.

(Consumer

Finance)

1,762

69,123

American

Airlines

Group,

Inc.

\*

(Passenger

Airlines)

4,144

44,506

American

Financial

Group,

Inc.

(Insurance)

33,332

American

Healthcare

REIT,

Inc.

(Health

Care

REITs)

20,467

American

Homes

Rent

-

Class

A

(Residential

REITs)

2,046

57,124

Amkor

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

16,706

Annaly

Capital

Management,

Inc.

(Mortgage

REITs)

4,510

95,387

Antero

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,840

78,090

Applied

Industrial

Technologies,

Inc.

(Trading

Companies

&

Distributors)

28,124

AptarGroup,

Inc.

(Containers

&

Packaging)

50,912

Aramark

(Hotels,

Restaurants

&

Leisure)

1,649

66,850

Arrow

Electronics,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

46,035

Ashland,

Inc.

(Chemicals)

15,960

Associated

Banc-Corp.

(Banks)

1,026

26,532

Autoliv,

Inc.

(Automobile

Components)

17,141

AutoNation,

Inc.

\*

(Specialty

Retail)

31,827

Avantor,

Inc.

\*

(Life

Sciences

Tools

&

Services)

4,281

33,563

Avient

Corp.

(Chemicals)

575

20,873

Avis

Budget

Group,

Inc.

\*

(Ground

Transportation)

4,667

Avnet,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

513

31,611

Axalta

Coating

Systems,

Ltd.

\*

(Chemicals)

1,339

37,090

Bank

OZK

(Banks)

651

29,874

Bath

&

Body

Works,

Inc.

(Retail

-

Discretionary)

1,285

23,991

Belden,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

15,387

BellRing

Brands,

Inc.

\*

(Personal

Care

Products)

6,983

Bentley

Systems,

Inc.

-

Class

B

(Software)

12,116

BILL

Holdings,

Inc.

\*

(Software)

10,801

BioMarin

Pharmaceutical,

Inc.

\*

(Biotechnology)

518

29,262

Bio-Rad

Laboratories,

Inc.

\*

-

Class

A

(Life

Sciences

Tools

&

Services)

14,495

BJ's

Wholesale

Club

Holdings,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

821

80,803

Black

Hills

Corp.

(Multi-Utilities)

32,831

Blackbaud,

Inc.

(Software)

4,324

Booz

Allen

Hamilton

Holding

Corporation

(Professional

Services)

757

59,068

BorgWarner,

Inc.

(Automobile

Components)

1,300

70,538

Brighthouse

Financial,

Inc.

\*

(Insurance)

21,497

Brixmor

Property

Group,

Inc.

(Retail

REITs)

1,039

29,923

Bruker

Corp.

\*

(Life

Sciences

Tools

&

Services)

11,775

Brunswick

Corp.

(Leisure

Products)

29,758

Burlington

Stores,

Inc.

\*

(Specialty

Retail)

49,783

Cabot

Corp.

(Chemicals)

24,702

Capri

Holdings,

Ltd.

\*

(Textiles,

Apparel

&

Luxury

Goods)

6,837

Carlisle

Cos.,

Inc.

(Building

Products)

48,709

Cava

Group,

Inc.

\*

(Leisure

Facilities

&

Services)

29,366

Chemed

Corp.

(Health

Care

Providers

&

Services)

16,998

Chewy,

Inc.

\*

-

Class

A

(Specialty

Retail)

13,338

Common

Stocks,

continued

Shares

Value

Choice

Hotels

International,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

$

5,486

Chord

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

50,758

Cirrus

Logic,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

19,958

Clean

Harbors,

Inc.

\*

(Commercial

Services

&

Supplies)

44,443

Cleveland-Cliffs,

Inc.

\*

(Metals

&

Mining)

3,580

30,251

CNH

Industrial

N.V.

(Machinery)

5,555

61,106

CNO

Financial

Group,

Inc.

(Insurance)

593

24,349

CNX

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

893

34,425

Cognex

Corp.

(Electronic

Equipment,

Instruments

&

Components)

520

25,475

Columbia

Banking

System,

Inc.

(Banks)

1,853

50,828

Columbia

Sportswear

Co.

(Textiles,

Apparel

&

Luxury

Goods)

8,660

Commerce

Bancshares,

Inc.

(Banks)

860

42,312

Commercial

Metals

Co.

(Metals

&

Mining)

696

42,755

CommVault

Systems,

Inc.

\*

(Software)

8,412

Concentrix

Corp.

(Professional

Services)

7,469

COPT

Defense

Properties

(Office

REITs)

12,577

Core

&

Main,

Inc.

\*

-

Class

A

(Trading

Companies

&

Distributors)

664

32,802

Corebridge

Financial,

Inc

(Financial

Services)

1,602

38,223

Coty,

Inc.

-

Class

A

(Personal

Care

Products)

2,320

4,663

Cousins

Properties,

Inc.

(Office

REITs)

1,054

23,789

Crane

Co.

(Machinery)

25,821

Crane

NXT

Co.

(Electronic

Equipment,

Instruments

&

Components)

7,144

Crocs,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

15,110

Crown

Holdings,

Inc.

(Containers

&

Packaging)

704

70,576

CubeSmart

(Specialized

REITs)

787

28,844

Cullen/Frost

Bankers,

Inc.

(Banks)

27,142

Cytokinetics,

Inc.

\*

(Biotechnology)

23,266

Darling

Ingredients,

Inc.

\*

(Food

Products)

993

61,417

DENTSPLY

SIRONA,

Inc.

(Health

Care

Equipment

&

Supplies)

1,252

14,523

Dick's

Sporting

Goods,

Inc.

(Specialty

Retail)

49,573

DocuSign,

Inc.

\*

(Software)

515

24,416

Dolby

Laboratories,

Inc.

\*

-

Class

A

(Software)

12,613

Donaldson

Co.,

Inc.

(Machinery)

20,284

DT

Midstream,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

23,971

Duolingo,

Inc.

\*

(Diversified

Consumer

Services)

7,688

Dutch

Bros,

Inc.

\*

(Leisure

Facilities

&

Services)

17,782

Eagle

Materials,

Inc.

(Construction

Materials)

18,377

East

West

Bancorp,

Inc.

(Banks)

45,266

EastGroup

Properties,

Inc.

(Industrial

REITs)

23,506

elf

Beauty,

Inc.

\*

(Personal

Care

Products)

7,455

Entegris,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

572

67,060

Envista

Holdings

Corp.

\*

(Health

Care

Equipment

&

Supplies)

1,028

26,080

EPR

Properties

(Specialized

REITs)

11,441

Equitable

Holdings,

Inc.

(Financial

Services)

925

34,327

Equity

LifeStyle

Properties,

Inc.

(Residential

REITs)

596

37,202

Esab

Corp.

(Machinery)

19,332

Essent

Group,

Ltd.

(Financial

Services)

20,337

Essential

Utilities,

Inc.

(Water

Utilities)

1,776

71,520

Euronet

Worldwide,

Inc.

\*

(Financial

Services)

16,261

Evercore,

Inc.

(Capital

Markets)

27,761

Exponent,

Inc.

(Professional

Services)

9,788

F.N.B.

Corp.

(Banks)

2,242

37,486

Fidelity

National

Financial,

Inc.

(Insurance)

1,601

74,254

First

American

Financial

Corp.

(Insurance)

640

38,586

First

Financial

Bankshares,

Inc.

(Banks)

13,959

First

Horizon

Corp.

(Banks)

3,044

69,281

Floor

&

Decor

Holdings,

Inc.

\*

-

Class

A

(Specialty

Retail)

677

34,392

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Mid-Cap

Value

Common

Stocks,

continued

Shares

Value

Flowers

Foods,

Inc.

(Food

Products)

1,325

$

10,799

Fluor

Corp.

(Construction

&

Engineering)

1,012

47,209

Fortune

Brands

Innovations,

Inc.

(Building

Products)

12,587

FTI

Consulting,

Inc.

\*

(Professional

Services)

20,152

GameStop

Corp.

-

Class

A

(Specialty

Retail)

2,586

59,580

Gaming

and

Leisure

Properties,

Inc.

(Specialized

REITs)

977

43,349

GATX

Corp.

(Trading

Companies

&

Distributors)

16,050

Genpact,

Ltd.

(Professional

Services)

527

19,631

Gentex

Corp.

(Automobile

Components)

823

17,983

Glacier

Bancorp,

Inc.

(Banks)

807

36,049

Graco,

Inc.

(Machinery)

510

43,172

Graham

Holdings

Co.

-

Class

B

(Diversified

Consumer

Services)

11,630

Graphic

Packaging

Holding

Co.

(Containers

&

Packaging)

1,851

18,399

Greif,

Inc.

-

Class

A

(Containers

&

Packaging)

10,396

GXO

Logistics,

Inc.

\*

(Air

Freight

&

Logistics)

719

37,280

H&R

Block,

Inc.

(Diversified

Consumer

Services)

12,093

Haemonetics

Corp.

\*

(Health

Care

Equipment

&

Supplies)

6,538

Hamilton

Lane,

Inc.

-

Class

A

(Capital

Markets)

11,729

Hancock

Whitney

Corp.

(Banks)

516

32,812

Harley-Davidson,

Inc.

(Automobiles)

741

14,983

Healthcare

Realty

Trust,

Inc.

(Health

Care

REITs)

2,189

37,191

HF

Sinclair

Corp.

(Oil,

Gas

&

Consumable

Fuels)

982

61,267

Home

BancShares,

Inc.

(Banks)

1,147

30,889

Houlihan

Lokey,

Inc.

(Capital

Markets)

23,123

Hyatt

Hotels

Corp.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

11,647

IDACORP,

Inc.

(Electric

Utilities)

23,161

Illumina,

Inc.

\*

(Life

Sciences

Tools

&

Services)

54,481

Independence

Realty

Trust,

Inc.

(Residential

REITs)

1,485

22,112

Ingredion,

Inc.

(Food

Products)

44,613

International

Bancshares

Corp.

(Banks)

12,045

IPG

Photonics

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

18,220

Janus

Henderson

Group

PLC

(Capital

Markets)

773

39,709

Jefferies

Financial

Group,

Inc.

(Capital

Markets)

1,037

42,797

Jones

Lang

LaSalle,

Inc.

\*

(Real

Estate

Management

&

Development)

90,079

KB

Home

(Household

Durables)

20,545

KBR,

Inc.

(Professional

Services)

797

29,377

Kilroy

Realty

Corp.

(Office

REITs)

684

19,296

Kirby

Corp.

\*

(Marine

Transportation)

24,317

Kite

Realty

Group

Trust

(Retail

REITs)

1,358

33,340

Knife

River

Corp.

(Construction

Materials)

17,391

Knight-Swift

Transportation

Holdings,

Inc.

(Ground

Transportation)

1,019

58,674

Kyndryl

Holdings,

Inc.

\*

(IT

Services)

1,434

18,814

Lamar

Advertising

Co.

-

Class

A

(Specialized

REITs)

27,612

Lancaster

Colony

Corp.

(Food

Products)

8,853

Landstar

System,

Inc.

(Ground

Transportation)

34,146

Lantheus

Holdings,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

9,785

Lattice

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

32,652

Lear

Corp.

(Automobile

Components)

38,503

Lincoln

Electric

Holdings,

Inc.

(Machinery)

27,648

Lithia

Motors,

Inc.

-

Class

A

(Specialty

Retail)

38,207

Littelfuse,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

30,881

Louisiana-Pacific

Corp.

(Paper

&

Forest

Products)

28,955

Macy's,

Inc.

(Broadline

Retail)

1,668

30,174

Manhattan

Associates,

Inc.

\*

(Software)

19,569

Common

Stocks,

continued

Shares

Value

Maplebear,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

1,153

$

43,191

Masimo

Corp.

\*

(Health

Care

Equipment

&

Supplies)

22,056

Matador

Resources

Co.

(Oil,

Gas

&

Consumable

Fuels)

734

46,374

Mattel,

Inc.

\*

(Leisure

Products)

1,169

16,986

Maximus,

Inc.

(Professional

Services)

10,064

MGIC

Investment

Corp.

(Financial

Services)

674

17,693

MKS,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

28,267

Morningstar,

Inc.

(Capital

Markets)

12,510

MP

Materials

Corp.

\*

(Metals

&

Mining)

16,746

MSA

Safety,

Inc.

(Commercial

Services

&

Supplies)

15,083

MSC

Industrial

Direct

Co.,

Inc.

(Trading

Companies

&

Distributors)

15,317

Mueller

Industries,

Inc.

(Machinery)

21,606

Murphy

Oil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

842

34,733

Murphy

USA,

Inc.

(Specialty

Retail)

52,361

National

Fuel

Gas

Co.

(Gas

Utilities)

21,235

National

Storage

Affiliates

Trust

(Specialized

REITs)

9,737

New

Jersey

Resources

Corp.

(Gas

Utilities)

633

34,764

New

York

Community

Bancorp,

Inc.

(Banks)

1,879

24,746

Nexstar

Media

Group,

Inc.

(Media)

14,647

Nextpower,

Inc.

\*

-

Class

A

(Electrical

Equipment)

39,299

NNN

REIT,

Inc.

(Retail

REITs)

679

28,538

NorthWestern

Energy

Group,

Inc.

(Multi-Utilities)

14,243

NOV,

Inc.

(Energy

Equipment

&

Services)

2,261

42,530

Novanta,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

14,055

Nutanix,

Inc.

\*

-

Class

A

(Software)

678

25,771

OGE

Energy

Corp.

(Electric

Utilities)

1,290

61,868

Old

National

Bancorp

(Banks)

2,176

48,090

Old

Republic

International

Corp.

(Insurance)

685

27,332

Olin

Corp.

(Chemicals)

712

21,168

Omega

Healthcare

Investors,

Inc.

(Health

Care

REITs)

853

37,379

ONE

Gas,

Inc.

(Gas

Utilities)

32,471

Onto

Innovation,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

33,221

Oshkosh

Corp.

(Machinery)

31,503

Ovintiv,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,742

103,405

Owens

Corning

(Building

Products)

516

55,842

Park

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

1,254

13,205

Parsons

Corp.

\*

(Professional

Services)

5,905

PBF

Energy,

Inc.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

521

24,810

Penske

Automotive

Group,

Inc.

(Specialty

Retail)

17,344

Performance

Food

Group

Co.

\*

(Consumer

Staples

Distribution

&

Retail)

986

84,461

Permian

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

4,647

99,074

Pilgrim's

Pride

Corp.

\*

(Food

Products)

10,120

Pinnacle

Financial

Partners,

Inc.

(Banks)

945

81,403

Pinterest,

Inc.

\*

-

Class

A

(Interactive

Media

&

Services)

1,175

21,550

Polaris,

Inc.

(Leisure

Products)

18,258

Portland

General

Electric

Co.

(Electric

Utilities)

706

37,256

Post

Holdings,

Inc.

\*

(Food

Products)

26,198

Primerica,

Inc.

(Insurance)

21,040

Prosperity

Bancshares,

Inc.

(Banks)

634

42,592

PVH

Corp.

(Textiles,

Apparel

&

Luxury

Goods)

20,021

Range

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,487

67,183

Rayonier,

Inc.

(Specialized

REITs)

1,745

35,982

Regal

Rexnord

Corp.

(Electrical

Equipment)

78,088

Reinsurance

Group

of

America,

Inc.

(Insurance)

84,318

Reliance,

Inc.

(Metals

&

Mining)

99,686

RenaissanceRe

Holdings,

Ltd.

(Insurance)

38,937

Repligen

Corp.

\*

(Life

Sciences

Tools

&

Services)

17,673

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Mid-Cap

Value

Common

Stocks,

continued

Shares

Value

Rexford

Industrial

Realty,

Inc.

(Industrial

REITs)

1,445

$

47,295

RH

\*

(Specialty

Retail)

13,563

RLI

Corp.

(Insurance)

576

32,855

Roivant

Sciences,

Ltd.

\*

(Biotechnology)

1,188

32,908

RPM

International,

Inc.

(Chemicals)

47,215

Ryan

Specialty

Holdings,

Inc.

\*

(Insurance)

8,199

Ryder

System,

Inc.

(Ground

Transportation)

50,563

Saia,

Inc.

\*

(Ground

Transportation)

58,664

Science

Applications

International

Corp.

(Professional

Services)

26,862

SEI

Investments

Co.

(Capital

Markets)

18,754

Selective

Insurance

Group,

Inc.

(Insurance)

28,422

Sensata

Technologies

Holding

PLC

(Electrical

Equipment)

914

32,191

Service

Corp.

International

(Diversified

Consumer

Services)

33,912

Shift4

Payments,

Inc.

\*(a)

-

Class

A

(Financial

Services)

6,472

Silicon

Laboratories,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

20,399

Siligan

Holdings,

Inc.

(Containers

&

Packaging)

550

21,340

Simpson

Manufacturing

Co.,

Inc.

(Building

Products)

22,825

SLM

Corp.

(Consumer

Finance)

561

12,011

Solstice

Advanced

Materials,

Inc.

\*

(Chemicals)

35,719

Sonoco

Products

Co.

(Containers

&

Packaging)

619

33,482

SouthState

Bank

Corp.

(Banks)

622

57,547

Southwest

Gas

Holdings,

Inc.

(Gas

Utilities)

35,108

Spire,

Inc.

(Gas

Utilities)

19,104

Sprouts

Farmers

Market,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

28,307

STAG

Industrial,

Inc.

(Industrial

REITs)

16,840

STANDARDAERO

INC

\*

(Aerospace

&

Defense)

11,675

Starwood

Property

Trust,

Inc.

(Mortgage

REITs)

2,184

37,608

Stifel

Financial

Corp.

(Capital

Markets)

31,860

Synaptics,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

17,020

Taylor

Morrison

Home

Corp.

\*

(Household

Durables)

613

35,701

TD

SYNNEX

Corp.

(Electronic

Equipment,

Instruments

&

Components)

79,461

Terex

Corp.

(Machinery)

714

42,197

Texas

Capital

Bancshares,

Inc.

\*

(Banks)

13,473

The

Boston

Beer

Co.,

Inc.

\*

-

Class

A

(Beverages)

11,059

The

Brink's

Co.

(Commercial

Services

&

Supplies)

7,876

The

Carlyle

Group,

Inc.

(Capital

Markets)

994

48,100

The

Gap,

Inc.

(Specialty

Retail)

1,424

34,461

The

Goodyear

Tire

&

Rubber

Co.

\*

(Automobile

Components)

1,796

11,907

The

Hanover

Insurance

Group,

Inc.

(Insurance)

22,015

The

Middleby

Corp.

\*

(Machinery)

38,581

The

Scotts

Miracle-Gro

Co.

(Chemicals)

17,027

The

Timken

Co.

(Machinery)

40,027

The

Toro

Co.

(Machinery)

612

57,185

Thor

Industries,

Inc.

(Automobiles)

26,524

Toll

Brothers,

Inc.

(Household

Durables)

595

81,200

TransUnion

(Professional

Services)

580

40,130

Trex

Co.,

Inc.

\*

(Building

Products)

672

24,474

TXNM

Energy,

Inc.

(Electric

Utilities)

21,221

UFP

Industries,

Inc.

(Building

Products)

33,716

UGI

Corp.

(Gas

Utilities)

1,347

49,057

UiPath,

Inc.

\*

-

Class

A

(Software)

644

7,148

UMB

Financial

Corp.

(Banks)

50,643

United

Bankshares,

Inc.

(Banks)

876

36,284

Universal

Display

Corp.

(Semiconductors

&

Semiconductor

Equipment)

14,299

Unum

Group

(Insurance)

957

69,890

Common

Stocks,

continued

Shares

Value

US

Foods

Holding

Corp.

\*

(Consumer

Staples

Distribution

&

Retail)

1,385

$

127,711

Vail

Resorts,

Inc.

(Hotels,

Restaurants

&

Leisure)

14,757

Valley

National

Bancorp

(Banks)

3,004

36,889

Valmont

Industries,

Inc.

(Construction

&

Engineering)

19,979

VF

Corp.

(Textiles,

Apparel

&

Luxury

Goods)

2,063

35,050

Viper

Energy,

Inc.

-

Class

A

(Oil

&

Gas

Producers)

1,166

54,790

Visteon

Corp.

(Automobile

Components)

15,580

Vontier

Corp.

(Electronic

Equipment,

Instruments

&

Components)

17,629

Vornado

Realty

Trust

(Office

REITs)

1,005

26,119

Voya

Financial,

Inc.

(Financial

Services)

590

40,308

Warner

Music

Group

Corp.

-

Class

A

(Entertainment)

11,059

Watsco,

Inc.

(Trading

Companies

&

Distributors)

79,670

Weatherford

International

PLC

(Energy

Equipment

&

Services)

24,685

Webster

Financial

Corp.

(Banks)

1,012

70,253

WESCO

International,

Inc.

(Trading

Companies

&

Distributors)

83,453

Western

Alliance

Bancorp

(Banks)

645

45,698

Westlake

Corp.

(Chemicals)

24,415

WEX,

Inc.

\*

(Financial

Services)

13,621

Whirlpool

Corp.

(a) (Household

Durables)

21,460

Wintrust

Financial

Corp.

(Banks)

58,494

WP

Carey,

Inc.

(Equity

REIT

-

Diversified)

647

43,970

Wyndham

Hotels

&

Resorts,

Inc.

(Hotels,

Restaurants

&

Leisure)

18,114

YETI

Holdings,

Inc.

\*

(Leisure

Products)

7,318

Zions

Bancorp

N.A.

(Banks)

927

53,414

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $7,696,052)

9,816,985

Repurchase

Agreements

(b) (0

.2

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$16,002

$

16,000

16,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$16,000)

16,000

Collateral

for

Securities

Loaned

(c) (0

.3

%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 3.67%

(d) 25,790

25,790

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $25,790)

25,790

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$7,737,842)— 100.3%

9,858,775

Net

other

assets

(liabilities)

—

(0

.3)

%

(26,888)

NET

ASSETS

—

100.0%

$

9,831,887

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

March

31,

2026. The

total

value

of

securities

on

loan

as

of

March

31,

2026

was

$26,406.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements'

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

(c) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

March

31,

2026. (d) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

March

31,

2026. Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Mid-Cap

Value

REIT

Real

Estate

Investment

Trust

ProFund

VP

Mid-Cap

Value

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

11,675

0.1%

Air

Freight

&

Logistics

37,280

0.4%

Automobile

Components

171,652

1.7%

Automobiles

41,507

0.4%

Banks

1,074,001

10.9%

Beverages

11,059

0.1%

Biotechnology

85,436

0.9%

Broadline

Retail

30,174

0.3%

Building

Products

225,305

2.3%

Capital

Markets

256,343

2.6%

Chemicals

244,169

2.5%

Commercial

Services

&

Supplies

67,402

0.7%

Construction

&

Engineering

105,781

1.1%

Construction

Materials

35,768

0.4%

Consumer

Finance

81,134

0.8%

Consumer

Staples

Distribution

&

Retail

404,040

4.2%

Containers

&

Packaging

205,105

2.1%

Diversified

Consumer

Services

65,323

0.7%

Electric

Utilities

143,506

1.5%

Electrical

Equipment

166,671

1.7%

Electronic

Equipment,

Instruments

&

Components

285,898

2.9%

Energy

Equipment

&

Services

67,215

0.7%

Entertainment

11,059

0.1%

Equity

REIT

-

Diversified

43,970

0.4%

Financial

Services

187,242

1.9%

Food

Products

162,000

1.6%

Gas

Utilities

191,739

1.9%

Ground

Transportation

206,714

2.1%

Health

Care

Equipment

&

Supplies

78,982

0.8%

Health

Care

Providers

&

Services

16,998

0.2%

Health

Care

REITs

95,037

1.0%

Hotel

&

Resort

REITs

13,205

0.1%

Hotels,

Restaurants

&

Leisure

116,854

1.2%

Household

Durables

158,906

1.6%

Industrial

REITs

87,641

0.9%

Insurance

525,026

5.3%

Interactive

Media

&

Services

21,550

0.3%

IT

Services

18,814

0.2%

Leisure

Facilities

&

Services

47,148

0.5%

Leisure

Products

72,320

0.7%

Life

Sciences

Tools

&

Services

131,987

1.3%

Machinery

472,145

4.8%

Marine

Transportation

24,317

0.2%

Media

14,647

0.1%

Metals

&

Mining

297,290

3.0%

Mortgage

REITs

132,995

1.4%

Multi-Utilities

47,074

0.5%

Office

REITs

81,781

0.8%

Oil

&

Gas

Producers

54,790

0.6%

Oil,

Gas

&

Consumable

Fuels

624,090

6.3%

Paper

&

Forest

Products

28,955

0.3%

Passenger

Airlines

70,951

0.7%

Personal

Care

Products

19,101

0.2%

Professional

Services

228,446

2.3%

Real

Estate

Management

&

Development

90,079

0.9%

Residential

REITs

116,438

1.2%

Retail

-

Discretionary

23,991

0.2%

Retail

REITs

123,008

1.3%

Semiconductors

&

Semiconductor

Equipment

258,631

2.6%

Software

125,170

1.3%

Specialized

REITs

156,965

1.6%

Value

%

of

Net

Assets

Specialty

Retail

$

409,871

4.2%

Textiles,

Apparel

&

Luxury

Goods

85,678

0.9%

Trading

Companies

&

Distributors

255,416

2.6%

Water

Utilities

71,520

0.7%

Other

\*\*

14,902

0.2%

Total

$

9,831,887

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

REIT

Real

Estate

Investment

Trust

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Common

Stocks

(88.9%)

Shares

Value

Adobe,

Inc.

\*

(Software)

2,824

$

686,458

Advanced

Micro

Devices,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

11,296

2,297,945

Airbnb,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

2,935

370,632

Alnylam

Pharmaceuticals,

Inc.

\*

(Biotechnology)

919

304,070

Alphabet,

Inc.

-

Class

A

(Interactive

Media

&

Services)

14,611

4,201,539

Alphabet,

Inc.

-

Class

C

(Interactive

Media

&

Services)

13,648

3,915,065

Amazon.com,

Inc.

\*

(Broadline

Retail)

26,941

5,611,001

American

Electric

Power

Co.,

Inc.

(Electric

Utilities)

3,747

491,157

Amgen,

Inc.

(Biotechnology)

3,735

1,314,160

Analog

Devices,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

3,383

1,076,268

Apple,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

36,845

9,350,893

Applied

Materials,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

5,499

1,879,503

AppLovin

Corp.

\*

-

Class

A

(Software)

2,128

846,944

ARM

Holdings

PLC

\*ADR

(Semiconductors

&

Semiconductor

Equipment)

968

146,439

ASML

Holding

N.V.

(Semiconductors

&

Semiconductor

Equipment)

609

804,386

Atlassian

Corp.

\*

-

Class

A

(Software)

1,175

80,194

Autodesk,

Inc.

\*

(Software)

1,469

351,679

Automatic

Data

Processing,

Inc.

(Professional

Services)

2,790

566,873

Axon

Enterprise,

Inc.

\*

(Aerospace

&

Defense)

557

236,552

Baker

Hughes

Co.

(Energy

Equipment

&

Services)

6,847

418,009

Booking

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

922,060

Broadcom,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

11,899

3,682,859

Cadence

Design

Systems,

Inc.

\*

(Software)

1,913

531,565

Charter

Communications,

Inc.

\*

-

Class

A

(Media)

877

189,327

Cintas

Corp.

(Commercial

Services

&

Supplies)

2,771

468,687

Cisco

Systems,

Inc.

(Communications

Equipment)

27,367

2,123,406

Coca-Cola

European

Partners

PLC

(Beverages)

3,175

287,877

Cognizant

Technology

Solutions

Corp.

-

Class

A

(IT

Services)

3,314

203,314

Comcast

Corp.

-

Class

A

(Media)

24,862

713,788

Constellation

Energy

Corp.

(Electric

Utilities)

2,508

700,359

Copart,

Inc.

\*

(Commercial

Services

&

Supplies)

6,707

222,672

CoStar

Group,

Inc.

\*

(Real

Estate

Management

&

Development)

2,909

117,349

Costco

Wholesale

Corp.

(Consumer

Staples

Distribution

&

Retail)

3,075

3,064,022

Crowdstrike

Holdings,

Inc.

\*

-

Class

A

(Software)

1,747

682,046

CSX

Corp.

(Ground

Transportation)

12,884

528,888

Datadog,

Inc.

\*

-

Class

A

(Software)

2,276

268,682

Dexcom,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

2,667

167,488

Diamondback

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,954

386,482

DoorDash

,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

2,840

426,426

Electronic

Arts,

Inc.

(Entertainment)

1,734

353,511

Exelon

Corp.

(Electric

Utilities)

7,087

347,405

Fastenal

Co.

(Trading

Companies

&

Distributors)

7,956

369,158

Ferrovial

SE

(Construction

&

Engineering)

4,985

324,274

Fortinet,

Inc.

\*

(Software)

5,127

418,978

GE

HealthCare

Technologies,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

3,158

224,786

Gilead

Sciences,

Inc.

(Biotechnology)

8,601

1,198,721

Honeywell

International,

Inc.

(Industrial

Conglomerates)

4,404

995,436

IDEXX

Laboratories,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

552

310,163

Insmed

,

Inc.

\*

(Biotechnology)

1,493

244,135

Intel

Corp.

(Semiconductors

&

Semiconductor

Equipment)

34,608

1,527,251

Intuit,

Inc.

(Software)

1,916

828,440

Common

Stocks,

continued

Shares

Value

Intuitive

Surgical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

2,461

$

1,134,497

Keurig

Dr

Pepper,

Inc.

(Beverages)

9,413

247,844

KLA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

908

1,336,948

Lam

Research

Corp.

(Semiconductors

&

Semiconductor

Equipment)

8,652

1,848,586

Linde

PLC

(Chemicals)

3,211

1,591,885

Marriott

International,

Inc.

-

Class

A

(Hotels,

Restaurants

&

Leisure)

1,836

600,501

Marvell

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

6,036

597,866

MercadoLibre

,

Inc.

\*

(Broadline

Retail)

606,886

Meta

Platforms,

Inc.

-

Class

A

(Interactive

Media

&

Services)

7,402

4,234,906

Microchip

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

3,749

242,223

Micron

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

7,798

2,634,476

Microsoft

Corp.

(Software)

18,636

6,898,489

Mondelez

International,

Inc.

-

Class

A

(Food

Products)

8,881

511,901

Monolithic

Power

Systems,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

371,739

Monster

Beverage

Corp.

\*

(Beverages)

6,778

491,134

Netflix,

Inc.

\*

(Entertainment)

29,253

2,812,675

NVIDIA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

60,985

10,635,784

NXP

Semiconductors

N.V.

(Semiconductors

&

Semiconductor

Equipment)

1,751

344,702

Old

Dominion

Freight

Line,

Inc.

(Ground

Transportation)

1,444

282,158

O'Reilly

Automotive,

Inc.

\*

(Specialty

Retail)

5,809

536,229

PACCAR,

Inc.

(Machinery)

3,644

420,882

Palantir

Technologies,

Inc.

\*

-

Class

A

(Software)

15,876

2,322,341

Palo

Alto

Networks,

Inc.

\*

(Software)

5,654

906,449

Paychex,

Inc.

(Professional

Services)

2,487

229,102

PayPal

Holdings,

Inc.

\*

(Financial

Services)

6,379

288,522

PDD

Holdings,

Inc.

\*ADR

(Broadline

Retail)

4,628

472,889

PepsiCo,

Inc.

(Beverages)

9,469

1,470,441

QUALCOMM,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

7,393

952,071

Regeneron

Pharmaceuticals,

Inc.

(Biotechnology)

720

556,301

Roper

Technologies,

Inc.

(Software)

713

252,302

Ross

Stores,

Inc.

(Specialty

Retail)

2,241

485,468

Seagate

Technology

Holdings

PLC

(Technology

Hardware,

Storage

&

Peripherals)

1,511

591,949

Shopify,

Inc.

\*

-

Class

A

(IT

Services)

8,495

1,007,677

Starbucks

Corp.

(Hotels,

Restaurants

&

Leisure)

7,894

707,223

Strategy,

Inc.

\*

-

Class

A

(Software)

2,176

271,565

Synopsys,

Inc.

\*

(Software)

1,327

526,129

Take-Two

Interactive

Software,

Inc.

\*

(Entertainment)

1,283

253,393

Tesla,

Inc.

\*

(Automobiles)

12,526

4,656,541

Texas

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

6,288

1,220,752

The

Kraft

Heinz

Co.

(Food

Products)

8,202

184,463

Thomson

Reuters

Corp.

(Professional

Services)

3,082

277,319

T-Mobile

U.S.,

Inc.

(Wireless

Telecommunication

Services)

7,634

1,603,369

Verisk

Analytics,

Inc.

(Professional

Services)

956

181,401

Vertex

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,760

785,910

Walmart,

Inc.

(Consumer

Staples

Distribution

&

Retail)

33,861

4,208,246

Warner

Bros.

Discovery,

Inc.

\*

(Entertainment)

17,182

471,818

Western

Digital

Corp.

(Technology

Hardware,

Storage

&

Peripherals)

2,349

635,381

Workday,

Inc.

\*

-

Class

A

(Software)

1,476

191,762

Xcel

Energy,

Inc.

(Electric

Utilities)

4,323

343,419

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Common

Stocks,

continued

Shares

Value

Zscaler,

Inc.

\*

(Software)

1,114

$

156,283

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $35,828,657)

122,372,119

Repurchase

Agreements

(a)(b) (15.0%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$20,586,007

$

20,584,000

20,584,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$20,584,000)

20,584,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$59,265,241)— 106.0%

$

145,808,703

Net

other

assets

(liabilities) —

(6.0)%

(8,253,350)

NET

ASSETS

—

100.0%

$

137,555,353

\*

Non-income

producing

security.

(a) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$1,271,000.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

ADR

American

Depositary

Receipt

Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

E-mini

Futures

Contracts

6/22/26

$

11,957,500

$

(443,865)

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

Index

Goldman

Sachs

International

4/27/26

4.39%

$

2,339,596

$

93,396

Index

UBS

AG

4/27/26

4.44%

937,738

83,313

$3,277,334

$176,709

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

ProFund

VP

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

236,552

0.2%

Automobiles

4,656,541

3.4%

Beverages

2,497,296

1.8%

Biotechnology

4,403,297

3.2%

Broadline

Retail

6,690,776

4.9%

Chemicals

1,591,885

1.2%

Commercial

Services

&

Supplies

691,359

0.5%

Communications

Equipment

2,123,406

1.5%

Construction

&

Engineering

324,274

0.2%

Consumer

Staples

Distribution

&

Retail

7,272,268

5.3%

Electric

Utilities

1,882,340

1.4%

Energy

Equipment

&

Services

418,009

0.3%

Entertainment

3,891,397

2.8%

Financial

Services

288,522

0.2%

Food

Products

696,364

0.5%

Ground

Transportation

811,046

0.6%

Health

Care

Equipment

&

Supplies

1,836,934

1.3%

Hotels,

Restaurants

&

Leisure

3,026,842

2.2%

Industrial

Conglomerates

995,436

0.7%

Interactive

Media

&

Services

12,351,510

8.9%

Value

%

of

Net

Assets

IT

Services

$

1,210,991

0.9%

Machinery

420,882

0.3%

Media

903,115

0.7%

Oil,

Gas

&

Consumable

Fuels

386,482

0.3%

Prime

Broker

Cash

2,852,584

2.1%

Professional

Services

1,254,695

0.9%

Real

Estate

Management

&

Development

117,349

0.1%

Semiconductors

&

Semiconductor

Equipment

31,599,798

22.9%

Software

16,220,306

11.8%

Specialty

Retail

1,021,697

0.7%

Technology

Hardware,

Storage

&

Peripherals

10,578,223

7.7%

Trading

Companies

&

Distributors

369,158

0.3%

Wireless

Telecommunication

Services

1,603,369

1.2%

Other

\*\*

12,330,650

9.0%

Total

$

137,555,353

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Pharmaceuticals

Common

Stocks

(98.8%)

Shares

Value

Alto

Neuroscience,

Inc.

\*

(Pharmaceuticals)

2,325

$

52,266

Alumis

,

Inc.

\*

(Pharmaceuticals)

7,110

156,633

Amneal

Pharmaceuticals,

Inc.

\*

(Biotech

&

Pharma)

14,735

183,156

Amphastar

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

7,223

141,499

Amylyx

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

12,544

174,362

ANI

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

2,455

188,790

Aquestive

Therapeutics,

Inc.

\*

(Pharmaceuticals)

19,045

79,037

Arvinas

,

Inc.

\*

(Pharmaceuticals)

11,487

121,762

Axsome

Therapeutics,

Inc.

\*

(Pharmaceuticals)

1,174

198,429

BioAge

Labs,

Inc.

\*

(Pharmaceuticals)

6,693

117,061

Bristol-Myers

Squibb

Co.

(Pharmaceuticals)

3,123

189,410

Collegium

Pharmaceutical,

Inc.

\*

(Pharmaceuticals)

5,258

173,882

Corcept

Therapeutics,

Inc.

\*

(Pharmaceuticals)

5,551

223,761

CorMedix,

Inc.

\*(a)

(Pharmaceuticals)

17,585

119,402

Crinetics

Pharmaceuticals,

Inc.

\*

(Biotechnology)

5,065

183,961

Definium

Therapeutics,

Inc.

\*

(Pharmaceuticals)

10,053

190,002

Edgewise

Therapeutics,

Inc.

\*

(Pharmaceuticals)

6,043

190,355

Elanco

Animal

Health,

Inc.

\*

(Pharmaceuticals)

7,987

191,129

Eli

Lilly

&

Co.

(Pharmaceuticals)

171,997

Enliven

Therapeutics,

Inc.

\*

(Pharmaceuticals)

6,101

239,160

Esperion

Therapeutics,

Inc.

\*

(Pharmaceuticals)

69,630

190,786

EyePoint

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

12,553

161,808

Fulcrum

Therapeutics,

Inc.

\*

(Pharmaceuticals)

11,666

89,478

Harmony

Biosciences

Holdings,

Inc.

\*

(Pharmaceuticals)

6,505

182,205

Harrow,

Inc.

\*

(Pharmaceuticals)

5,070

178,768

Indivior

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

5,705

173,888

Innoviva

,

Inc.

\*

(Pharmaceuticals)

8,354

194,648

Jazz

Pharmaceuticals

PLC

\*

(Pharmaceuticals)

1,010

190,941

Johnson

&

Johnson

(Pharmaceuticals)

771

188,463

LB

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

2,830

69,788

Ligand

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

847

169,104

Liquidia

Corp.

\*

(Pharmaceuticals)

4,857

183,303

Maze

Therapeutics,

Inc.

\*

(Biotechnology)

3,713

110,833

MBX

Biosciences,

Inc.

\*

(Pharmaceuticals)

6,369

190,115

Merck

&

Co.,

Inc.

(Pharmaceuticals)

1,612

193,907

Nektar

Therapeutics

\*

(Pharmaceuticals)

2,554

183,760

Nuvation

Bio,

Inc.

\*

(Pharmaceuticals)

40,803

175,045

Ocular

Therapeutix

,

Inc.

\*

(Pharmaceuticals)

19,715

166,986

Omeros

Corp.

\*

(Pharmaceuticals)

15,699

165,781

Organon

&

Co.

(Pharmaceuticals)

29,264

175,291

Pacira

BioSciences

,

Inc.

\*

(Pharmaceuticals)

8,204

185,410

Perrigo

Co.

PLC

(Pharmaceuticals)

19,092

205,048

Pfizer,

Inc.

(Pharmaceuticals)

6,860

192,629

Phathom

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

12,655

140,597

Phibro

Animal

Health

Corp.

-

Class

A

(Pharmaceuticals)

3,161

174,835

Prestige

Consumer

Healthcare,

Inc.

\*

(Pharmaceuticals)

2,890

171,290

Rapport

Therapeutics,

Inc.

\*

(Pharmaceuticals)

4,267

133,514

Royalty

Pharma

PLC

-

Class

A

(Pharmaceuticals)

4,011

192,408

Septerna

,

Inc.

\*

(Pharmaceuticals)

4,081

98,066

Supernus

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

3,519

181,897

Tarsus

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

2,680

188,002

Terns

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

4,004

211,091

Theravance

Biopharma,

Inc.

\*

(Pharmaceuticals)

8,528

138,409

Trevi

Therapeutics,

Inc.

\*

(Pharmaceuticals)

15,686

187,134

Viatris

,

Inc.

(Pharmaceuticals)

13,406

181,115

WaVe

Life

Sciences,

Ltd.

\*

(Pharmaceuticals)

13,302

96,440

Xeris

Biopharma

Holdings,

Inc.

\*

(Pharmaceuticals)

30,952

179,522

Zevra

Therapeutics,

Inc.

\*

(Pharmaceuticals)

10,307

96,061

Zoetis,

Inc.

(Pharmaceuticals)

1,563

184,762

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $6,670,793)

9,759,182

Repurchase

Agreements

(b) (2.9%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$287,028

$

287,000

$

287,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$287,000)

287,000

Collateral

for

Securities

Loaned

(c) (1.1%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 3.67%

(d) 107,993

107,993

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $107,993)

107,993

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$7,065,786)— 102.8%

10,154,175

Net

other

assets

(liabilities) —

(2.8)%

(279,437)

NET

ASSETS

—

100.0%

$

9,874,738

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

March

31,

2026. The

total

value

of

securities

on

loan

as

of

March

31,

2026

was

$108,633.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

(c) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

March

31,

2026. (d) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

March

31,

2026. Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Pharmaceuticals

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

Pharmaceuticals

Select

Industry

Index

Goldman

Sachs

International

4/23/26

4.39%

$

123,627

$

10,355

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

ProFund

VP

Pharmaceuticals

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Biotech

&

Pharma

$

183,156

1.9%

Biotechnology

294,794

3.0%

Pharmaceuticals

9,281,232

93.9%

Other

\*\*

115,556

1.2%

Total

$

9,874,738

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Precious

Metals

Repurchase

Agreements

(a),(b)

(90.1%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$61,971,043

$

61,965,000

$

61,965,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$61,965,000)

61,965,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$61,965,000)— 90.1%

61,965,000

Net

other

assets

(liabilities) —

9.9%

6,828,366

NET

ASSETS

—

100.0%

$

68,793,366

(a) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$8,372,000.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements'

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

Dow

Jones

Precious

Metals

Index

Goldman

Sachs

International

4/23/26

4.39%

$

32,303,889

$

2,825,450

Dow

Jones

Precious

Metals

Index

UBS

AG

4/23/26

4.44%

36,433,927

3,315,805

$68,737,816

$6,141,255

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Real

Estate

Common

Stocks

(97.4%)

Shares

Value

Alexandria

Real

Estate

Equities,

Inc.

(Office

REITs)

1,007

$

46,745

American

Tower

Corp.

-

Class

A

(Specialized

REITs)

1,969

339,810

AvalonBay

Communities,

Inc.

(Residential

REITs)

914

149,301

Boston

Properties,

Inc.

(Office

REITs)

952

49,409

Camden

Property

Trust

(Residential

REITs)

668

65,237

CBRE

Group,

Inc.

\*

-

Class

A

(Real

Estate

Management

&

Development)

1,876

254,123

CoStar

Group,

Inc.

\*

(Real

Estate

Management

&

Development)

2,736

110,370

Crown

Castle

International

Corp.

(Specialized

REITs)

2,811

228,562

Digital

Realty

Trust,

Inc.

(Specialized

REITs)

1,465

264,008

Equinix,

Inc.

(Specialized

REITs)

404,839

Equity

Residential

(Residential

REITs)

2,219

131,254

Essex

Property

Trust,

Inc.

(Residential

REITs)

100,672

Extra

Space

Storage,

Inc.

(Specialized

REITs)

1,370

179,648

Federal

Realty

Investment

Trust

(Retail

REITs)

507

53,848

Healthpeak

Properties,

Inc.

(Health

Care

REITs)

4,487

73,721

Host

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

4,128

79,092

Invitation

Homes,

Inc.

(Residential

REITs)

3,641

90,479

Iron

Mountain,

Inc.

(Specialized

REITs)

1,910

195,087

Kimco

Realty

Corp.

(Retail

REITs)

4,351

97,767

Mid-America

Apartment

Communities,

Inc.

(Residential

REITs)

755

92,201

Prologis,

Inc.

(Industrial

REITs)

3,909

516,692

Public

Storage

(Specialized

REITs)

882

238,916

Realty

Income

Corp.

(Retail

REITs)

4,087

250,043

Regency

Centers

Corp.

(Retail

REITs)

1,063

80,427

SBA

Communications

Corp.

-

Class

A

(Specialized

REITs)

688

118,412

Common

Stocks,

continued

Shares

Value

Simon

Property

Group,

Inc.

(Retail

REITs)

1,395

$

260,209

UDR,

Inc.

(Residential

REITs)

1,941

65,567

Ventas,

Inc.

(Health

Care

REITs)

3,066

250,737

VICI

Properties,

Inc.

(Specialized

REITs)

6,899

188,481

Welltower,

Inc.

(Health

Care

REITs)

2,934

580,082

Weyerhaeuser

Co.

(Specialized

REITs)

4,651

113,624

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $2,498,856)

5,669,363

Repurchase

Agreements

(a) (1.5%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$88,009

$

88,000

88,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$88,000)

88,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$2,586,856)— 98.9%

5,757,363

Net

other

assets

(liabilities) —

1.1%

63,002

NET

ASSETS

—

100.0%

$

5,820,365

\*

Non-income

producing

security.

(a) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements'

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

REIT

Real

Estate

Investment

Trust

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1)

Rate

Paid

(Received)

(2)

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

Real

Estate

Select

Sector

Index

Goldman

Sachs

International

4/23/26

4.39%

$

167,802

$

1,447

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

ProFund

VP

Real

Estate

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Health

Care

REITs

$

904,540

15.5%

Hotel

&

Resort

REITs

79,092

1.4%

Industrial

REITs

516,692

8.9%

Office

REITs

96,154

1.7%

Real

Estate

Management

&

Development

364,493

6.3%

Residential

REITs

694,711

11.9%

Retail

REITs

742,294

12.8%

Specialized

REITs

2,271,387

38.9%

Other

\*\*

151,002

2.6%

Total

$

5,820,365

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

REIT

Real

Estate

Investment

Trust

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Rising

Rates

Opportunity

Repurchase

Agreements

(a),(b)

(100.5%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$4,888,477

$

4,888,000

$

4,888,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$4,888,000)

4,888,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$4,888,000)— 100.5%

4,888,000

Net

other

assets

(liabilities) —

(0.5)%

(23,086)

NET

ASSETS

—

100.0%

$

4,864,914

(a) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$62,000.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements'

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Short

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

30-Year

U.S.

Treasury

Bond,

4.75%,

due

2/15/56

Citibank

North

America

4/15/26

(3.50)%

$

(5,160,791)

$

(8,556)

30-Year

U.S.

Treasury

Bond,

4.75%,

due

2/15/56

Societe

Generale

4/15/26

(3.43)%

(912,459)

(788) $(6,073,250)

$(9,344)

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Semiconductor

Common

Stocks

(48

.5

%)

Shares

Value

Advanced

Micro

Devices,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

6,126

$

1,246,212

Allegro

MicroSystems,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

14,693

Amkor

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

19,228

Analog

Devices,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

1,836

584,105

Applied

Materials,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

2,982

1,019,218

Astera

Labs,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

54,690

Broadcom,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

17,815

5,513,921

Cirrus

Logic,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

27,767

Credo

Technology

Group

Holding,

Ltd.

\*

(Semiconductors

&

Semiconductor

Equipment)

597

56,040

Enphase

Energy,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

18,603

Entegris,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

571

66,944

GLOBALFOUNDRIES,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

17,659

Intel

Corp.

(Semiconductors

&

Semiconductor

Equipment)

17,642

778,541

KLA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

724,426

Lam

Research

Corp.

(Semiconductors

&

Semiconductor

Equipment)

4,692

1,002,493

Lattice

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

514

47,679

MACOM

Technology

Solutions

Holdings,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

53,741

Marvell

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

3,276

324,488

Microchip

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

2,033

131,352

Micron

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

4,229

1,428,725

MKS,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

57,912

Monolithic

Power

Systems,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

200,083

NVIDIA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

91,303

15,923,242

Common

Stocks,

continued

Shares

Value

NXP

Semiconductors

N.V.

(Semiconductors

&

Semiconductor

Equipment)

946

$

186,230

ON

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,480

91,642

Onto

Innovation,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

38,348

Qnity

Electronics,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

787

90,804

Qorvo,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

24,536

QUALCOMM,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

4,009

516,279

Rambus,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

34,756

Silicon

Laboratories,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

25,811

Skyworks

Solutions,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

565

30,256

Teradyne,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

588

174,318

Texas

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

3,410

662,017

Universal

Display

Corp.

(Semiconductors

&

Semiconductor

Equipment)

15,216

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,686,135)

31,201,975

Repurchase

Agreements

(a) (1

.1

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$735,072

$

735,000

735,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$735,000)

735,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$2,421,135)— 49.6%

31,936,975

Net

other

assets

(liabilities)

—

.4

%

32,443,000

NET

ASSETS

—

100.0%

$

64,379,975

\*

Non-income

producing

security.

(a) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements'

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

Dow

Jones

U.S.

Semiconductors

Index

Goldman

Sachs

International

4/23/26

4.39%

$

33,206,665

$

(24,087)

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Semiconductor

ProFund

VP

Semiconductor

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Semiconductors

&

Semiconductor

Equipment

$

31,201,975

48.5%

Other

\*\*

33,178,000

51.5%

Total

$

64,379,975

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Short

Dow

Repurchase

Agreements

(a)(b) (97.0%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$17,002

$

17,000

$

17,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$17,000)

17,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$17,000)— 97.0%

17,000

Net

other

assets

(liabilities) —

3.0%

526

NET

ASSETS

—

100.0%

$

17,526

(a) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$14,000.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Short

Underlying

Instrument

Counterparty

Termination

Date

(1)

Rate

Paid

(Received)

(2)

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

Dow

Jones

Industrial

Average

Goldman

Sachs

International

4/27/26

(4.14)%

$

(10,972)

$

(296) Dow

Jones

Industrial

Average

UBS

AG

4/27/26

(4.04)%

(6,514)

(162) $(17,486)

$(458)

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Short

Emerging

Markets

Repurchase

Agreements

(a) (b) (102

.2

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$291,028

$

291,000

$

291,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$291,000)

291,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$291,000)— 102.2%

291,000

Net

other

assets

(liabilities)

—

(2

.2)

%

(6,188)

NET

ASSETS

—

100.0%

$

284,812

(a) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$66,000.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Short

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

Emerging

ADR

Index

(USD)

Goldman

Sachs

International

4/27/26

(3.44)%

$

(159,212)

$

(4,538)

S&P

Emerging

ADR

Index

(USD)

UBS

AG

4/27/26

(3.64)%

(123,820)

(879)

$(283,032)

$(5,417)

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Short

International

Repurchase

Agreements

(a)(b) (104.0%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$539,053

$

539,000

$

539,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$539,000)

539,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$539,000)— 104.0%

539,000

Net

other

assets

(liabilities) —

(4.0)%

(20,518)

NET

ASSETS

—

100.0%

$

518,482

(a) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$88,000.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Short

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

MSCI

EAFE

Index

Goldman

Sachs

International

4/27/26

(3.59)%

$

(267,026)

$

(9,810)

MSCI

EAFE

Index

UBS

AG

4/27/26

(3.94)%

(251,143)

(9,650)

$(518,169)

$(19,460)

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Short

Mid-Cap

Repurchase

Agreements

(a),(b)

(103.7%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$144,014

$

144,000

$

144,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$144,000)

144,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$144,000)— 103.7%

144,000

Net

other

assets

(liabilities) —

(3.7)%

(5,141)

NET

ASSETS

—

100.0%

$

138,859

(a) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$26,000.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements'

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Short

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

MidCap

Goldman

Sachs

International

4/27/26

(3.89)%

$

(107,237)

$

(3,046)

S&P

MidCap

UBS

AG

4/27/26

(4.04)%

(31,142)

(607) $(138,379)

$(3,653)

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Short

Repurchase

Agreements

(a) (b) (102

.9

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$2,094,204

$

2,094,000

$

2,094,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$2,094,000)

2,094,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$2,094,000)— 102.9%

2,094,000

Net

other

assets

(liabilities)

—

(2

.9)

%

(59,133)

NET

ASSETS

—

100.0%

$

2,034,867

(a) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$256,000.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Short

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

Index

Goldman

Sachs

International

4/27/26

(4.14)%

$

(1,469,518)

$

(41,566)

Index

UBS

AG

4/27/26

(4.04)%

(553,146)

(13,939)

$(2,022,664)

$(55,505)

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Short

Small-Cap

Repurchase

Agreements

(a)(b) (98.4%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$700,068

$

700,000

$

700,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$700,000)

700,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$744,269)— 104.6%

744,269

Net

other

assets

(liabilities) —

(4.6)%

(32,715)

NET

ASSETS

—

100.0%

$

711,554

(a) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$97,000.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Futures

Contracts

Sold

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

CME

E-mini

Russell

2000

Index

Futures

6/22/26

$

(251,220)

$

(2,807)

Total

Return

Swap

Agreements—Short

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

Russell

2000

Index

Goldman

Sachs

International

4/27/26

(3.79)%

$

(310,798)

$

16,902

Russell

2000

Index

UBS

AG

4/27/26

(3.94)%

(144,789)

1,347

$(455,587)

$18,249

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Small-Cap

Common

Stocks

(62.4%)

Shares

Value

10X

Genomics,

Inc.

\*

-

Class

A

(Medical

Equipment

&

Devices)

$

6,029

1-800-Flowers.com,

Inc.

\*

-

Class

A

(Specialty

Retail)

1st

Source

Corp.

(Banks)

3,253

3D

Systems

Corp.

\*

(Machinery)

675

4D

Molecular

Therapeutics,

Inc.

\*

(Biotechnology)

1,043

8x8,

Inc.

\*

(Software)

576

908

Devices,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

A10

Networks,

Inc.

(Software)

4,208

AAR

Corp.

\*

(Aerospace

&

Defense)

10,837

Aardvark

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

Abacus

Global

Management,

Inc.

(Insurance)

804

Abeona

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

520

Abercrombie

&

Fitch

Co.

\*

-

Class

A

(Specialty

Retail)

10,507

ABM

Industries,

Inc.

(Commercial

Services

&

Supplies)

5,817

Absci

Corp.

\*

(Biotechnology)

1,035

Acacia

Research

Corp.

\*

(Financial

Services)

Academy

Sports

&

Outdoors,

Inc.

(Specialty

Retail)

9,484

ACADIA

Pharmaceuticals,

Inc.

\*

(Biotechnology)

7,079

Acadia

Realty

Trust

\*

(Retail

REITs)

6,386

Acadian

Asset

Management,

Inc.

(Capital

Markets)

3,701

Accel

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

1,386

Accendra

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

ACCO

Brands

Corp.

\*

(Commercial

Services

&

Supplies)

663

Accuray,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

ACI

Worldwide,

Inc.

\*

(Software)

10,745

Aclaris

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

870

ACM

Research,

Inc.

\*

-

Class

A

(Semiconductors

&

Semiconductor

Equipment)

5,116

Acme

United

Corp.

(Wholesale

-

Discretionary)

ACNB

Corp.

(Banks)

1,245

ACRES

Commercial

Realty

Corp.

\*

(Specialty

Finance)

Actuate

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

Acuren

Corp.

\*

(Asset

Management)

511

3,363

Acushnet

Holdings

Corp.

(Leisure

Products)

6,544

ACV

Auctions,

Inc.

\*

-

Class

A

(Commercial

Services

&

Supplies)

1,798

Adamas

Trust,

Inc.

(Mortgage

REITs)

1,582

AdaptHealth

Corp.

\*

(Health

Care

Providers

&

Services)

3,058

Adaptive

Biotechnologies

Corp.

\*

(Life

Sciences

Tools

&

Services)

5,248

ADC

Therapeutics

S.A.

\*

(Biotechnology)

968

Addus

HomeCare

Corp.

\*

(Health

Care

Providers

&

Services)

4,308

Adeia,

Inc.

(Software)

6,608

Adient

PLC

(Automobile

Components)

4,022

ADMA

Biologics,

Inc.

\*

(Biotechnology)

586

5,280

Adtalem

Global

Education,

Inc.

\*

(Diversified

Consumer

Services)

9,912

ADTRAN

Holdings,

Inc.

(Communications

Equipment)

2,365

Advance

Auto

Parts,

Inc.

(Specialty

Retail)

8,018

Advanced

Energy

Industries,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

30,658

AdvanSix,

Inc.

\*

(Chemicals)

1,610

Advantage

Solutions,

Inc.

\*

(Advertising

&

Marketing)

Aebi

Schmidt

Holding

AG

\*

(Machinery)

913

Aehr

Test

Systems

\*

(Semiconductors

&

Semiconductor

Equipment)

2,744

Aeluma,

Inc.

\*

(Semiconductors)

AeroVironment,

Inc.

\*

(Aerospace

&

Defense)

17,573

AerSale

Corp.

\*

(Aerospace

&

Defense)

566

Aeva

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,329

AG

Mortgage

Investment

Trust,

Inc.

(Mortgage

REITs)

526

Common

Stocks,

continued

Shares

Value

agilon

health,

Inc.

\*

(Health

Care

Facilities

&

Services)

$

Agilysys,

Inc.

\*

(Software)

4,624

Agios

Pharmaceuticals,

Inc.

\*

(Biotechnology)

4,838

AirJoule

Technologies

Corp.

\*

(Electrical

Equipment)

AIRO

Group

Holdings,

Inc.

\*

(Aerospace

&

Defense)

AirSculpt

Technologies,

Inc.

\*

(Health

Care

Providers

&

Services)

Airship

AI

Holdings,

Inc.

\*

(Software)

Akebia

Therapeutics,

Inc.

\*

(Biotechnology)

640

890

Aktis

Oncology,

Inc.

\*

(Biotech

&

Pharma)

930

Alamo

Group,

Inc.

(Machinery)

4,289

Alarm.com

Holdings,

Inc.

\*

(Software)

5,183

Albany

International

Corp.

(Machinery)

3,811

Aldeyra

Therapeutics,

Inc.

\*

(Biotechnology)

Alector,

Inc.

\*

(Biotechnology)

Alerus

Financial

Corp.

(Financial

Services)

1,399

Alexander's,

Inc.

(Retail

REITs)

1,181

Alico,

Inc.

(Food

Products)

578

Alight,

Inc.

\*

-

Class

A

(Professional

Services)

1,174

684

Alignment

Healthcare,

Inc.

\*

(Health

Care

Providers

&

Services)

8,704

Alkami

Technology,

Inc.

\*

(Software)

2,727

Alkermes

PLC

\*

(Biotechnology)

14,497

Allegiant

Travel

Co.

\*

(Passenger

Airlines)

2,998

Alliance

Laundry

Holdings,

Inc.

\*

(Machinery)

2,302

Allied

Motion

Technologies,

Inc.

(Electrical

Equipment)

2,127

Allogene

Therapeutics,

Inc.

\*

(Biotechnology)

961

Alpha

and

Omega

Semiconductor,

Ltd.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,418

Alpha

Metallurgical

Resources,

Inc.

\*

(Metals

&

Mining)

5,953

Alpha

Teknova,

Inc.

\*

(Biotech

&

Pharma)

Alphatec

Holdings,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

3,231

Alpine

Income

Property

Trust,

Inc.

(Equity

REIT

-

Diversified)

594

Alta

Equipment

Group,

Inc.

(Trading

Companies

&

Distributors)

AlTi

Global,

Inc.

\*

(Capital

Markets)

Altice

USA,

Inc.

\*

-

Class

A

(Cable

&

Satellite)

661

859

Altimmune,

Inc.

\*

(Biotechnology)

1,016

Alumis,

Inc.

\*

(Pharmaceuticals)

3,811

Amalgamated

Financial

Corp.

(Banks)

2,254

Ambarella,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

5,353

Ambiq

Micro,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,169

AMC

Entertainment

Holdings,

Inc.

\*

(Entertainment)

1,306

1,280

AMC

Networks,

Inc.

\*

-

Class

A

(Media)

530

Amerant

Bancorp,

Inc.

(Banks)

2,028

Ameresco,

Inc.

\*

-

Class

A

(Construction

&

Engineering)

2,066

American

Assets

Trust,

Inc.

(Equity

REIT

-

Diversified)

2,412

American

Axle

&

Manufacturing

Holdings,

Inc.

\*

(Automobile

Components)

578

3,428

American

Battery

Technology

Co.

\*

(Metals

&

Mining)

879

American

Coastal

Insurance

Corporation

\*

(Insurance)

698

American

Eagle

Outfitters,

Inc.

(Specialty

Retail)

6,730

American

Healthcare

REIT,

Inc.

(Health

Care

REITs)

21,316

American

Integrity

Insurance

Group,

Inc.

\*

(Insurance)

578

American

Outdoor

Brands,

Inc.

\*

(Leisure

Products)

American

Public

Education,

Inc.

\*

(Diversified

Consumer

Services)

2,503

American

Realty

Investors,

Inc.

\*

(Real

Estate

Management

&

Development)

American

States

Water

Co.

(Water

Utilities)

7,412

American

Superconductor

Corp.

\*

(Electrical

Equipment)

3,927

American

Vanguard

Corp.

(Chemicals)

American

Woodmark

Corp.

\*

(Building

Products)

1,434

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Small-Cap

Common

Stocks,

continued

Shares

Value

America's

Car-Mart,

Inc.

\*

(Specialty

Retail)

$

Ameris

Bancorp

(Banks)

12,868

AMERISAFE,

Inc.

(Insurance)

1,600

Ames

National

Corp.

(Banks)

621

Amicus

Therapeutics,

Inc.

\*

(Biotechnology)

753

10,888

AMMO,

Inc.

\*

(Leisure

Products)

539

AMN

Healthcare

Services,

Inc.

\*

(Health

Care

Providers

&

Services)

1,779

Amneal

Pharmaceuticals,

Inc.

\*

(Biotech

&

Pharma)

4,723

Amphastar

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

1,783

Amplitude,

Inc.

\*

-

Class

A

(Software)

1,691

Amprius

Technologies,

Inc.

\*

(Electrical

Equipment)

4,906

Amylyx

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

3,211

AnaptysBio,

Inc.

\*

(Biotechnology)

2,551

Anavex

Life

Sciences

Corp.

\*(a)

(Biotechnology)

678

Angel

Oak

Mortgage

REIT,

Inc.

(Mortgage

REITs)

Angi,

Inc.

\*

(Interactive

Media

&

Services)

610

AngioDynamics,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,080

ANI

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

3,691

Anika

Therapeutics,

Inc.

\*

(Biotechnology)

Annexon,

Inc.

\*

(Biotechnology)

1,845

Anteris

Technologies

Global

Corp.

\*

(Medical

Equipment

&

Devices)

1,110

Anterix,

Inc.

\*

(Diversified

Telecommunication

Services)

1,069

Apogee

Enterprises,

Inc.

(Building

Products)

1,811

Apogee

Therapeutics,

Inc.

\*

(Biotechnology)

9,427

Apollo

Commercial

Real

Estate

Finance,

Inc.

(Mortgage

REITs)

3,728

Appian

Corp.

\*

-

Class

A

(Software)

2,411

Apple

Hospitality

REIT,

Inc.

(Hotel

&

Resort

REITs)

566

6,515

Applied

Digital

Corp.

\*

(IT

Services)

601

14,267

Applied

Optoelectronics,

Inc.

\*

(Communications

Equipment)

14,127

Aquestive

Therapeutics,

Inc.

\*

(Pharmaceuticals)

1,071

Arbor

Realty

Trust,

Inc.

(a) (Mortgage

REITs)

3,786

Arbutus

Biopharma

Corp.

\*

(Biotechnology)

1,724

ArcBest

Corp.

(Ground

Transportation)

5,607

Arcellx,

Inc.

\*

(Biotechnology)

11,138

Archer

Aviation,

Inc.

\*

-

Class

A

(Aerospace

&

Defense)

1,538

7,951

Archrock,

Inc.

(Energy

Equipment

&

Services)

15,208

Arcosa,

Inc.

(Construction

&

Engineering)

13,055

Arcturus

Therapeutics

Holdings,

Inc.

\*

(Biotechnology)

517

Arcus

Biosciences,

Inc.

\*

(Biotechnology)

4,579

Arcutis

Biotherapeutics,

Inc.

\*

(Biotechnology)

6,550

Ardagh

Metal

Packaging

SA

(Containers

&

Packaging)

1,430

Ardelyx,

Inc.

\*

(Biotechnology)

606

3,630

Ardent

Health

Partners,

Inc.

\*

(Health

Care

Providers

&

Services)

505

Ardmore

Shipping

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,327

Ares

Commercial

Real

Estate

Corp.

(Mortgage

REITs)

643

Argan,

Inc.

(Construction

&

Engineering)

18,518

Arhaus,

Inc.

\*

(Specialty

Retail)

875

Arko

Corp.

(Specialty

Retail)

1,001

Arlo

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,657

Armada

Hoffler

Properties,

Inc.

(Equity

REIT

-

Diversified)

1,111

ARMOUR

Residential

REIT,

Inc.

(Mortgage

REITs)

4,754

Arq,

Inc.

\*

(Chemicals)

Array

Technologies,

Inc.

\*

(Electrical

Equipment)

2,776

Arrive

AI,

Inc.

\*

(Air

Freight

&

Logistics)

ArriVent

Biopharma,

Inc.

\*

(Biotechnology)

1,869

Arrow

Financial

Corp.

(Banks)

1,376

Arrowhead

Pharmaceuticals,

Inc.

\*

(Biotechnology)

21,442

Common

Stocks,

continued

Shares

Value

ARS

Pharmaceuticals,

Inc.

\*

(Biotechnology)

$

1,196

Arteris,

Inc.

\*

(Software)

1,299

Artisan

Partners

Asset

Management,

Inc.

-

Class

A

(Capital

Markets)

5,750

Artivion,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

4,028

Arvinas,

Inc.

\*

(Pharmaceuticals)

1,495

Asana,

Inc.

\*

-

Class

A

(Software)

1,414

Asbury

Automotive

Group,

Inc.

\*

(Specialty

Retail)

9,575

Ascent

Industries

Co.

\*

(Steel)

ASGN,

Inc.

\*

(IT

Services)

4,065

ASP

Isotopes,

Inc.

\*

(Chemicals)

1,269

Aspen

Aerogels,

Inc.

\*

(Chemicals)

575

Associated

Banc-Corp.

(Banks)

10,887

Astec

Industries,

Inc.

(Machinery)

3,123

Astrana

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

2,526

Astronics

Corp.

\*

(Aerospace

&

Defense)

5,272

Asure

Software,

Inc.

\*

(Professional

Services)

516

Atea

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

952

Ategrity

Specialty

Holdings,

LLC

\*

(Insurance)

Atkore,

Inc.

\*

(Electrical

Equipment)

5,007

Atlanta

Braves

Holdings,

Inc.

\*

(Entertainment)

4,996

Atlanta

Braves

Holdings,

Inc.

\*

-

Series

A

(Entertainment)

802

Atlantic

International

Corp.

\*

(Biotech

&

Pharma)

Atlantic

Union

Bankshares

Corp.

(Banks)

12,902

Atlanticus

Holdings

Corp.

\*

(Consumer

Finance)

682

Atlas

Energy

Solutions,

Inc.

(Energy

Equipment

&

Services)

2,572

Atmus

Filtration

Technologies,

Inc.

(Machinery)

11,808

ATN

International,

Inc.

(Diversified

Telecommunication

Services)

681

Atomera,

Inc.

\*

(Semiconductors)

AtriCure,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

3,481

Atrium

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

aTyr

Pharma,

Inc.

\*

(Biotechnology)

AudioEye,

Inc.

\*

(Software)

Aura

Biosciences,

Inc.

\*

(Biotechnology)

763

Aurinia

Pharmaceuticals,

Inc.

\*

(Biotechnology)

4,476

Avanos

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,583

Aveanna

Healthcare

Holdings,

Inc.

\*

(Health

Care

Providers

&

Services)

889

AvePoint,

Inc.

\*

(Software)

3,595

Aviat

Networks,

Inc.

\*

(Communications

Equipment)

678

Avidbank

Holdings,

Inc.

\*

(Banks)

Avient

Corp.

(Chemicals)

8,422

Avista

Corp.

(Multi-Utilities)

8,269

Avita

Medical,

Inc.

\*

(Biotechnology)

Axcelis

Technologies,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

7,260

Axogen,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

4,042

Axos

Financial,

Inc.

\*

(Banks)

11,742

Axsome

Therapeutics,

Inc.

\*

(Pharmaceuticals)

17,746

Azenta,

Inc.

\*

(Life

Sciences

Tools

&

Services)

2,176

AZZ,

Inc.

(Building

Products)

9,385

B&G

Foods,

Inc.

(a) (Food

Products)

948

Backblaze,

Inc.

\*

-

Class

A

(IT

Services)

Badger

Meter,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

11,426

Bakkt

Holdings,

Inc.

\*

(Institutional

Financial

Services)

Balchem

Corp.

(Chemicals)

14,066

Bally's

Corp.

\*

(Leisure

Facilities

&

Services)

Banc

of

California,

Inc.

(Banks)

6,030

BancFirst

Corp.

(Banks)

5,751

Banco

Latinoamericano

de

Comercio

Exterior

S.A.

-

Class

E

(Financial

Services)

3,627

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Small-Cap

Common

Stocks,

continued

Shares

Value

Bandwidth,

Inc.

\*

-

Class

A

(Diversified

Telecommunication

Services)

$

1,247

Bank

First

Corp.

(Banks)

3,512

Bank

of

Hawaii

Corp.

(Banks)

7,425

Bank

of

Marin

Bancorp

(Banks)

948

Bank7

Corp.

(Banks)

BankUnited,

Inc.

(Banks)

8,490

Bankwell

Financial

Group,

Inc.

(Banks)

825

Banner

Corp.

(Banks)

5,158

Bar

Harbor

Bankshares

(Banks)

1,363

BARK,

Inc.

\*

(Specialty

Retail)

Barnes

&

Noble

Education,

Inc.

\*

(Retail

-

Discretionary)

Barrett

Business

Services,

Inc.

(Professional

Services)

1,838

Bassett

Furniture

Industries,

Inc.

(Retail

-

Discretionary)

BayCom

Corp.

\*

(Banks)

773

BCB

Bancorp,

Inc.

(Banks)

Beacon

Financial

Corporation

(Banks)

6,330

Beam

Therapeutics,

Inc.

\*

(Biotechnology)

5,767

Beazer

Homes

USA,

Inc.

\*

(Household

Durables)

1,347

Bed

Bath

&

Beyond,

Inc.

\*

(Specialty

Retail)

803

Bel

Fuse,

Inc.

-

Class

A

(Electronic

Equipment,

Instruments

&

Components)

721

Bel

Fuse,

Inc.

-

Class

B

(Electronic

Equipment,

Instruments

&

Components)

5,147

Belden,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

11,368

Benchmark

Electronics,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

4,989

Benitec

Biopharma,

Inc.

\*

(Biotech

&

Pharma)

522

Beta

Bionics,

Inc.

\*

(Biotechnology)

982

Beta

Technologies,

Inc.

\*

(Aerospace

&

Defense)

1,235

Better

Home

&

Finance

Holding

Co.

\*

(Specialty

Finance)

534

Beyond

Meat,

Inc.

\*(a)

(Food

Products)

1,061

744

BGC

Group,

Inc.

-

Class

A

(Capital

Markets)

917

8,968

Bicara

Therapeutics,

Inc.

\*

(Biotechnology)

1,591

BigBear.ai

Holdings,

Inc.

\*(a)

(IT

Services)

1,096

3,858

BigCommerce

Holdings,

Inc.

\*

-

Class

(IT

Services)

Biglari

Holdings,

Inc.

\*

-

Class

B

(Hotels,

Restaurants

&

Leisure)

659

BioAge

Labs,

Inc.

\*

(Pharmaceuticals)

1,329

BioCryst

Pharmaceuticals,

Inc.

\*

(Biotechnology)

572

5,445

Biohaven,

Ltd.

\*

(Biotechnology)

2,513

BioLife

Solutions,

Inc.

\*

(Life

Sciences

Tools

&

Services)

2,003

Biote

Corp.

\*

-

Class

A

(Pharmaceuticals)

Bioventus,

Inc.

\*

-

Class

A

(Health

Care

Equipment

&

Supplies)

1,077

Bit

Digital,

Inc.

\*

(Software)

813

1,065

Bitdeer

Technologies

Group

\*(a)

(Technology

Services)

2,681

BJ's

Restaurants,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

1,685

BK

Technologies

Corporation

\*

(Technology

Hardware)

522

BKV

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,825

Black

Hills

Corp.

(Multi-Utilities)

13,326

Black

Rock

Coffee

Bar,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

556

Blackbaud,

Inc.

(Software)

3,668

BlackLine,

Inc.

\*

(Software)

4,662

BlackSky

Technology,

Inc.

\*

(Professional

Services)

2,013

Blackstone

Mortgage

Trust,

Inc.

-

Class

A

(Mortgage

REITs)

7,697

Blaize

Holdings,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

Blend

Labs,

Inc.

\*

-

Class

A

(Software)

848

Bloom

Energy

Corp.

\*

-

Class

A

(Electrical

Equipment)

553

74,927

Bloomin'

Brands,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

1,145

Common

Stocks,

continued

Shares

Value

Blue

Bird

Corp.

\*

(Machinery)

$

4,543

Blue

Ridge

Bankshares,

Inc.

\*

(Banking)

714

BlueLinx

Holdings,

Inc.

\*

(Trading

Companies

&

Distributors)

1,029

Boise

Cascade

Co.

(Trading

Companies

&

Distributors)

7,130

Boot

Barn

Holdings,

Inc.

\*

(Specialty

Retail)

11,415

Borr

Drilling,

Ltd.

\*

(Energy

Equipment

&

Services)

721

4,160

Boston

Omaha

Corp.

\*

-

Class

A

(Media)

642

Bowhead

Specialty

Holdings,

Inc.

\*

(Insurance)

1,009

Bowman

Consulting

Group,

Ltd.

\*

(Construction

&

Engineering)

1,024

Box,

Inc.

\*

-

Class

A

(Software)

8,392

Braemar

Hotels

&

Resorts,

Inc.

\*

(Hotel

&

Resort

REITs)

Brandywine

Realty

Trust

(Office

REITs)

1,179

Braze,

Inc.

\*

-

Class

A

(Software)

5,265

BRC,

Inc.

\*

-

Class

A

(Food

Products)

Bread

Financial

Holdings,

Inc.

(Consumer

Finance)

8,687

Bridgebio

Pharma,

Inc.

\*

(Biotechnology)

29,777

Bridgewater

Bancshares,

Inc.

\*

(Banks)

938

Bright

Minds

Biosciences,

Inc.

\*

(Biotech

&

Pharma)

1,313

BrightSpire

Capital,

Inc.

(Mortgage

REITs)

1,826

BrightSpring

Health

Services,

Inc.

\*

(Health

Care

Providers

&

Services)

13,891

BrightView

Holdings,

Inc.

\*

(Commercial

Services

&

Supplies)

2,122

Brinker

International,

Inc.

(Hotels,

Restaurants

&

Leisure)

15,706

Bristow

Group,

Inc.

\*

(Energy

Equipment

&

Services)

3,376

Broadstone

Net

Lease,

Inc.

(Equity

REIT

-

Diversified)

8,770

Brookdale

Senior

Living,

Inc.

\*

(Health

Care

Providers

&

Services)

588

8,044

Brookfield

Business

Corporation

(Technology

Hardware)

1,835

Brookfield

Infrastructure

Corp.

-

Class

A

(Gas

&

Water

Utilities)

12,054

BRT

Apartments

Corp.

(Residential

REITs)

Build-A-Bear

Workshop,

Inc.

(Specialty

Retail)

1,161

Bumble,

Inc.

\*

-

Class

A

(Interactive

Media

&

Services)

593

Burford

Capital,

Ltd.

(Financial

Services)

509

2,301

Burke

&

Herbert

Financial

Services

Corp.

(Banks)

2,118

Business

First

Bancshares,

Inc.

(Banks)

2,163

Butterfly

Network,

Inc.

\*

(Medical

Equipment

&

Devices)

2,000

BV

Financial,

Inc.

\*

(Banking)

Byline

Bancorp,

Inc.

(Banks)

2,462

Byrna

Technologies,

Inc.

\*

(Aerospace

&

Defense)

C&F

Financial

Corp.

\*

(Banking)

584

C3.ai,

Inc.

\*

-

Class

A

(Software)

2,737

Cable

One,

Inc.

(Media)

1,186

Cabot

Corp.

(Chemicals)

9,941

Cactus,

Inc.

-

Class

A

(Energy

Equipment

&

Services)

8,195

Cadiz,

Inc.

\*

(Water

Utilities)

692

Cadre

Holdings,

Inc.

(Aerospace

&

Defense)

2,209

Calavo

Growers,

Inc.

\*

(Food

Products)

1,109

Caledonia

Mining

Corp.

PLC

(Metals

&

Mining)

949

Caleres,

Inc.

(Specialty

Retail)

875

California

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

12,806

California

Water

Service

Group

(Water

Utilities)

6,846

Calix,

Inc.

\*

(Communications

Equipment)

7,446

Callaway

Brands

Corp.

\*

(Leisure

Products)

4,636

Cal-Maine

Foods,

Inc.

(Food

Products)

8,706

Calumet,

Inc.

\*

(Chemicals)

6,247

Camden

National

Corp.

(Banks)

1,993

Camping

World

Holdings,

Inc.

-

Class

A

(Specialty

Retail)

1,038

Candel

Therapeutics,

Inc.

\*(a)

(Biotechnology)

564

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Small-Cap

Common

Stocks,

continued

Shares

Value

Cannae

Holdings,

Inc.

\*

(Financial

Services)

$

1,205

Cantaloupe,

Inc.

\*

(Financial

Services)

1,524

Capital

Bancorp,

Inc.

(Banks)

862

Capital

City

Bank

Group,

Inc.

(Banks)

1,521

Capitol

Federal

Financial,

Inc.

(Banks)

2,217

Capri

Holdings,

Ltd.

\*

(Textiles,

Apparel

&

Luxury

Goods)

5,233

Capricor

Therapeutics,

Inc.

\*

(Biotechnology)

3,344

CapsoVision,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

510

Cardiff

Oncology,

Inc.

\*(a)

(Biotechnology)

Cardinal

Infrastructure

Group,

Inc.

\*

(Engineering

&

Construction)

1,268

CareDx,

Inc.

\*

(Biotechnology)

2,205

CareTrust

REIT,

Inc.

(Health

Care

REITs)

568

20,817

Cargurus,

Inc.

\*

(Interactive

Media

&

Services)

6,810

Carlsmed,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Carriage

Services,

Inc.

(Diversified

Consumer

Services)

1,644

Cars.com,

Inc.

\*

(Interactive

Media

&

Services)

1,072

Carter

Bankshares,

Inc.

\*

(Banks)

1,283

Carter's,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

3,218

Cartesian

Therapeutics,

Inc.

\*

(Biotechnology)

Casella

Waste

Systems,

Inc.

\*

-

Class

A

(Commercial

Services

&

Supplies)

12,614

Cass

Information

Systems,

Inc.

(Financial

Services)

1,277

Castle

Biosciences,

Inc.

\*

(Health

Care

Providers

&

Services)

1,792

Catalyst

Pharmaceuticals,

Inc.

\*

(Biotechnology)

7,255

Cathay

General

Bancorp

(Banks)

8,177

Cavco

Industries,

Inc.

\*

(Household

Durables)

9,686

CB

Financial

Services,

Inc.

(Banking)

CBIZ,

Inc.

\*

(Professional

Services)

3,356

CBL

&

Associates

Properties,

Inc.

(Retail

REITs)

1,768

CECO

Environmental

Corp.

\*

(Commercial

Services

&

Supplies)

4,469

Celcuity,

Inc.

\*

(Biotechnology)

10,158

Celldex

Therapeutics,

Inc.

\*

(Biotechnology)

5,266

Centerspace

(Residential

REITs)

2,470

Central

Garden

&

Pet

Co.

\*

(Household

Products)

772

Central

Garden

&

Pet

Co.

\*

-

Class

A

(Household

Products)

4,053

Central

Pacific

Financial

Corp.

(Banks)

2,077

Centrus

Energy

Corp.

\*(a)

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

7,464

Centuri

Holdings,

Inc.

\*

(Construction

&

Engineering)

6,514

Century

Aluminum

Co.

\*

(Metals

&

Mining)

8,451

Century

Communities,

Inc.

(Household

Durables)

3,730

Cerence,

Inc.

\*

(Software)

700

CeriBell,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,246

Cerus

Corp.

\*

(Health

Care

Equipment

&

Supplies)

850

CEVA,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,252

CF

Bankshares,

Inc.

(Banking)

CG

Oncology,

Inc.

\*

(Biotechnology)

10,084

Chain

Bridge

Bancorp,

Inc.

\*

(Banking)

Chaince

Digital

Holdings,

Inc.

\*(a)

(Commercial

Support

Services)

Champion

Homes,

Inc.

\*

(Household

Durables)

10,486

Chart

Industries,

Inc.

\*

(Machinery)

23,570

Chatham

Lodging

Trust

(Hotel

&

Resort

REITs)

929

Chemung

Financial

Corp.

(Banks)

592

Chesapeake

Utilities

Corp.

(Gas

Utilities)

7,456

Chicago

Atlantic

Real

Estate

Finance,

Inc.

(Mortgage

REITs)

521

Chimera

Investment

Corp.

(Mortgage

REITs)

2,598

ChoiceOne

Financial

Services,

Inc.

(Banks)

1,012

Common

Stocks,

continued

Shares

Value

Cimpress

PLC

\*

(Commercial

Services

&

Supplies)

$

3,139

Cinemark

Holdings,

Inc.

(Entertainment)

7,642

Cipher

Mining,

Inc.

\*

(Software)

820

10,553

Citi

Trends,

Inc.

(Specialty

Retail)

520

Citizens

&

Northern

Corp.

(Banks)

983

Citizens

Community

Bancorp,

Inc.

(Banking)

Citizens

Financial

Services,

Inc.

(Banks)

673

Citizens,

Inc.

\*

(Insurance)

573

City

Holding

Co.

(Banks)

4,303

Civista

Bancshares,

Inc.

(Banks)

1,185

Claritev

Corp.

\*

(Technology

Services)

Claros

Mortgage

Trust,

Inc.

(Mortgage

REITs)

555

Clarus

Corp.

\*

(Leisure

Products)

Clean

Energy

Fuels

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,089

Cleanspark,

Inc.

\*

(Software)

639

5,438

Clear

Secure,

Inc.

-

Class

A

(Software)

10,795

Clearfield,

Inc.

\*

(Communications

Equipment)

768

ClearPoint

Neuro,

Inc.

\*

(Medical

Equipment

&

Devices)

637

Clearwater

Analytics

Holdings,

Inc.

\*

-

Class

A

(Software)

705

16,673

Clearwater

Paper

Corp.

\*

(Paper

&

Forest

Products)

561

Climb

Global

Solutions,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

773

Clipper

Realty,

Inc.

\*

(Residential

REITs)

Clover

Health

Investments

Corp.

\*

(Health

Care

Facilities

&

Services)

1,033

1,819

CNB

Financial

Corp.

(Banks)

2,143

CNO

Financial

Group,

Inc.

(Insurance)

9,772

CNX

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

13,415

Coastal

Financial

Corp.

\*

(Banks)

2,511

CoastalSouth

Bancshares,

Inc.

\*

(Banks)

566

Codexis,

Inc.

\*

(Life

Sciences

Tools

&

Services)

Coeur

Mining,

Inc.

\*

(Metals

&

Mining)

2,583

48,482

Cogent

Biosciences,

Inc.

\*

(Biotechnology)

13,932

Cogent

Communications

Holdings,

Inc.

(Diversified

Telecommunication

Services)

2,317

Cohen

&

Steers,

Inc.

(Capital

Markets)

4,379

Coherus

Oncology,

Inc.

\*

(Biotechnology)

Cohu,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

3,552

Collegium

Pharmaceutical,

Inc.

\*

(Pharmaceuticals)

2,613

Colony

Bankcorp,

Inc.

\*

(Banks)

1,038

Columbia

Financial,

Inc.

\*

(Banks)

1,208

Columbus

McKinnon

Corp.

(Machinery)

1,046

Commercial

Bancgroup,

Inc.

\*

(Banks)

Commercial

Metals

Co.

(Metals

&

Mining)

17,323

Community

Financial

System,

Inc.

(Banks)

7,859

Community

Health

Systems,

Inc.

\*

(Health

Care

Providers

&

Services)

953

Community

Healthcare

Trust,

Inc.

(Health

Care

REITs)

1,096

Community

Trust

Bancorp,

Inc.

(Banks)

2,429

Community

West

Bancshares

(Banks)

1,351

CommVault

Systems,

Inc.

\*

(Software)

8,724

Compass

Diversified

Holdings

(Financial

Services)

1,336

Compass

Minerals

International,

Inc.

(Metals

&

Mining)

1,845

Compass

Therapeutics,

Inc.

\*

(Biotechnology)

1,725

Compass,

Inc.

\*

-

Class

A

(Real

Estate

Management

&

Development)

1,623

11,863

Complete

Solaria,

Inc.

\*

(Renewable

Energy)

CompX

International,

Inc.

\*

(Commercial

Services

&

Supplies)

Comstock

Resources,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

3,942

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Small-Cap

Common

Stocks,

continued

Shares

Value

Concentra

Group

Holdings

Parent,

Inc.

(Health

Care

Providers

&

Services)

$

6,328

Concrete

Pumping

Holdings,

Inc.

\*

(Construction

&

Engineering)

Conduent,

Inc.

\*

(Professional

Services)

CONMED

Corp.

(Health

Care

Equipment

&

Supplies)

2,793

ConnectOne

Bancorp,

Inc.

(Banks)

3,212

Consensus

Cloud

Solutions,

Inc.

\*

(Software)

1,140

Consolidated

Water

Co.,

Ltd.

(Water

Utilities)

1,259

Constellium

SE

\*

(Metals

&

Mining)

8,529

Construction

Partners,

Inc.

\*

-

Class

A

(Construction

&

Engineering)

13,446

Consumer

Portfolio

Services,

Inc.

\*

(Consumer

Finance)

Contango

ORE,

Inc.

\*

(Metals

&

Mining)

994

Cooper-Standard

Holdings,

Inc.

\*

(Automobile

Components)

1,198

COPT

Defense

Properties

(Office

REITs)

8,812

Core

Laboratories,

Inc.

(Energy

Equipment

&

Services)

1,998

Core

Molding

Technologies,

Inc.

\*

(Chemicals)

Core

Natural

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

13,510

Core

Scientific,

Inc.

\*

(IT

Services)

734

10,981

CoreCivic,

Inc.

\*

(Commercial

Services

&

Supplies)

4,936

CorMedix,

Inc.

\*(a)

(Pharmaceuticals)

1,277

Corsair

Gaming,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

655

CorVel

Corp.

\*

(Health

Care

Providers

&

Services)

4,044

Corvus

Pharmaceuticals,

Inc.

\*

(Biotechnology)

2,385

Costamare

Bulkers

Holdings

Ltd.

\*

(Marine

Transportation)

Costamare,

Inc.

(Marine

Transportation)

1,893

Coursera,

Inc.

\*

(Diversified

Consumer

Services)

2,101

Covenant

Logistics

Group,

Inc.

-

Class

A

(Ground

Transportation)

1,032

CPI

Card

Group,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

CRA

International,

Inc.

(Professional

Services)

2,590

Cracker

Barrel

Old

Country

Store,

Inc.

(a) (Hotels,

Restaurants

&

Leisure)

1,574

Crawford

&

Co.

-

Class

A

(Insurance)

Credo

Technology

Group

Holding,

Ltd.

\*

(Semiconductors

&

Semiconductor

Equipment)

38,300

Crescent

Energy

Co.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

651

8,789

Crexendo,

Inc.

\*

(Technology

Services)

Cricut,

Inc.

-

Class

A

(Household

Durables)

Crinetics

Pharmaceuticals,

Inc.

\*

(Biotechnology)

8,971

CRISPR

Therapeutics

AG

\*

(Biotechnology)

10,989

Critical

Metals

Corp.

\*(a)

(Metals

&

Mining)

1,167

Cross

Country

Healthcare,

Inc.

\*

(Health

Care

Providers

&

Services)

743

CryoPort,

Inc.

\*

(Life

Sciences

Tools

&

Services)

1,018

CS

Disco,

Inc.

\*

(Software)

CSG

Systems

International,

Inc.

(Professional

Services)

5,596

CSP,

Inc.

\*

(Technology

Services)

CSW

Industrials,

Inc.

(Building

Products)

10,423

CTO

Realty

Growth,

Inc.

(Equity

REIT

-

Diversified)

1,461

CTS

Corp.

(Electronic

Equipment,

Instruments

&

Components)

3,486

Cullinan

Therapeutics,

Inc.

\*

(Biotechnology)

1,933

Curbline

Properties

Corp.

\*

(Retail

REITs)

6,344

CuriosityStream,

Inc.

(Entertainment

Content)

Cushman

&

Wakefield

Ltd.

\*

(Real

Estate

Services)

585

7,173

Custom

Truck

One

Source,

Inc.

\*

(Trading

Companies

&

Distributors)

999

Common

Stocks,

continued

Shares

Value

Customers

Bancorp,

Inc.

\*

(Banks)

$

5,622

CVB

Financial

Corp.

(Banks)

6,321

CVR

Energy,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

2,625

CVRx,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Cytek

Biosciences,

Inc.

\*

(Life

Sciences

Tools

&

Services)

1,298

Cytokinetics,

Inc.

\*

(Biotechnology)

19,970

Daily

Journal

Corp.

\*

(Software)

1,447

Dakota

Gold

Corp.

\*

(Metals

&

Mining)

1,141

Daktronics,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,955

Dana,

Inc.

(Automobile

Components)

9,624

Dave

&

Buster's

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

747

Dave,

Inc.

\*

(Software)

4,526

Day

One

Biopharmaceuticals,

Inc.

\*

(Biotechnology)

4,245

Definitive

Healthcare

Corp.

\*

(Health

Care

Technology)

Definium

Therapeutics,

Inc.

\*

(Pharmaceuticals)

4,706

Delcath

Systems,

Inc.

\*

(Medical

Equipment

&

Devices)

705

Delek

US

Holdings,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

6,715

Deluxe

Corp.

(Commercial

Services

&

Supplies)

3,084

Denali

Therapeutics,

Inc.

\*

(Biotechnology)

6,912

Designer

Brands,

Inc.

-

Class

A

(Specialty

Retail)

DHT

Holdings,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

6,248

DiaMedica

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

589

Diamond

Hill

Investment

Group,

Inc.

(Capital

Markets)

1,033

DiamondRock

Hospitality

Co.

(Hotel

&

Resort

REITs)

515

4,826

Dianthus

Therapeutics,

Inc.

\*

(Biotechnology)

7,637

Diebold

Nixdorf,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

4,602

Digi

International,

Inc.

\*

(Communications

Equipment)

4,531

Digimarc

Corp.

\*

(Software)

Digital

Turbine,

Inc.

\*

(Software)

789

DigitalBridge

Group,

Inc.

(Real

Estate

Management

&

Development)

6,907

DigitalOcean

Holdings,

Inc.

\*

(IT

Services)

16,555

Dime

Community

Bancshares,

Inc.

(Banks)

3,416

Dine

Brands

Global,

Inc.

(Hotels,

Restaurants

&

Leisure)

945

Diodes,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

7,918

Disc

Medicine,

Inc.

\*

(Biotechnology)

4,412

Distribution

Solutions

Group,

Inc.

\*

(Trading

Companies

&

Distributors)

656

Diverisifed

Energy

Co.

(Oil

&

Gas

Producers)

2,790

Diversified

Healthcare

Trust

(Health

Care

REITs)

555

3,685

DMC

Global,

Inc.

\*

(Energy

Equipment

&

Services)

DNOW,

Inc.

\*

(Trading

Companies

&

Distributors)

5,598

DocGo,

Inc.

\*

(Health

Care

Providers

&

Services)

Dole

PLC

(Food

Products)

2,429

Domo,

Inc.

\*

-

Class

B

(Software)

Donegal

Group,

Inc.

-

Class

A

(Insurance)

739

Donnelley

Financial

Solutions,

Inc.

\*

(Capital

Markets)

3,064

Dorian

LPG,

Ltd.

\*

(Oil,

Gas

&

Consumable

Fuels)

3,215

Dorman

Products,

Inc.

\*

(Automobile

Components)

7,305

Douglas

Dynamics,

Inc.

(Machinery)

2,399

Douglas

Elliman,

Inc.

(Real

Estate

Services)

Douglas

Emmett,

Inc.

(Office

REITs)

3,862

Dream

Finders

Homes,

Inc.

\*

-

Class

A

(Household

Durables)

1,044

Driven

Brands

Holdings,

Inc.

\*

(Commercial

Services

&

Supplies)

1,904

Ducommun,

Inc.

\*

(Aerospace

&

Defense)

4,270

D-Wave

Quantum,

Inc.

\*

(Software)

924

13,333

DXP

Enterprises,

Inc.

\*

(Trading

Companies

&

Distributors)

4,611

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Small-Cap

Common

Stocks,

continued

Shares

Value

Dycom

Industries,

Inc.

\*

(Construction

&

Engineering)

$

25,072

Dyne

Therapeutics,

Inc.

\*

(Biotechnology)

6,110

Dynex

Capital,

Inc.

(a) (Mortgage

REITs)

505

6,444

Eagle

Bancorp

Montana,

Inc.

(Banking)

Eagle

Bancorp,

Inc.

(Banks)

1,766

Eagle

Financial

Services,

Inc.

(Banking)

Easterly

Government

Properties,

Inc.

(Office

REITs)

2,293

Eastern

Bankshares,

Inc.

(Banks)

550

10,758

Eastman

Kodak

Co.

\*

(Technology

Hardware,

Storage

&

Peripherals)

1,439

ECB

BanCorp.,

Inc.

\*

(Banking)

EchoStar

Corp.

\*

-

Class

A

(Media)

40,156

Ecovyst,

Inc.

\*

(Chemicals)

3,717

Edgewell

Personal

Care

Co.

(Personal

Care

Products)

2,433

Edgewise

Therapeutics,

Inc.

\*

(Pharmaceuticals)

5,387

Editas

Medicine,

Inc.

\*

(Biotechnology)

615

eGain

Corp.

\*

(Software)

eHealth,

Inc.

\*

(Insurance)

El

Pollo

Loco

Holdings,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

984

Electromed,

Inc.

\*

(Medical

Equipment

&

Devices)

Eledon

Pharmaceuticals,

Inc.

\*

(Biotech

&

Pharma)

582

Ellington

Financial,

Inc.

(Mortgage

REITs)

3,650

Embecta

Corp.

(Health

Care

Equipment

&

Supplies)

1,335

Emerald

Holding,

Inc.

(Media)

Emergent

BioSolutions,

Inc.

\*

(Biotechnology)

1,096

Empire

Petroleum

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

Empire

State

Realty

Trust,

Inc.

(Equity

REIT

-

Diversified)

1,841

Employers

Holdings,

Inc.

(Insurance)

2,345

Enact

Holdings,

Inc.

(Financial

Services)

2,857

Enanta

Pharmaceuticals,

Inc.

\*

(Biotechnology)

871

Encore

Capital

Group,

Inc.

\*

(Consumer

Finance)

3,857

Encore

Energy

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

837

Energizer

Holdings,

Inc.

(Household

Products)

2,594

Energy

Fuels,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

594

10,841

Energy

Recovery,

Inc.

\*

(Machinery)

1,319

Energy

Services

of

America

Corp.

(Engineering

&

Construction)

Enerpac

Tool

Group

Corp.

(Machinery)

4,887

EnerSys

(Electrical

Equipment)

16,156

Enhabit,

Inc.

\*

(Health

Care

Providers

&

Services)

1,761

Enliven

Therapeutics,

Inc.

\*

(Pharmaceuticals)

3,881

Ennis,

Inc.

(Commercial

Services

&

Supplies)

1,307

Enova

International,

Inc.

\*

(Consumer

Finance)

8,150

Enovis

Corp.

\*

(Health

Care

Equipment

&

Supplies)

3,276

Enovix

Corp.

\*

(Electrical

Equipment)

2,523

Enpro,

Inc.

(Machinery)

13,284

Enterprise

Financial

Services

Corp.

(Banks)

5,032

Entrada

Therapeutics,

Inc.

\*

(Biotechnology)

909

Entravision

Communications

Corp.

-

Class

A

(Media)

Envela

Corp.

\*

(Renewable

Energy)

Enviri

Corp.

(Commercial

Services

&

Supplies)

3,767

Eos

Energy

Enterprises,

Inc.

\*

(Renewable

Energy)

780

3,869

ePlus,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

5,042

Epsilon

Energy

Ltd.

(Oil

&

Gas

Producers)

Equity

Bancshares,

Inc.

\*

-

Class

A

(Banks)

1,910

Erasca,

Inc.

\*

(Biotechnology)

7,750

Ermenegildo

Zegna

NV

(Apparel

&

Textile

Products)

1,626

Escalade,

Inc.

(Leisure

Products)

ESCO

Technologies,

Inc.

(Machinery)

18,570

Esperion

Therapeutics,

Inc.

\*

(Pharmaceuticals)

609

1,669

Esquire

Financial

Holdings,

Inc.

(Banks)

1,935

Common

Stocks,

continued

Shares

Value

Essent

Group,

Ltd.

(Financial

Services)

$

13,733

Essential

Properties

Realty

Trust,

Inc.

(Equity

REIT

-

Diversified)

502

15,241

Ethan

Allen

Interiors,

Inc.

(Household

Durables)

1,313

Eton

Pharmaceuticals,

Inc.

\*

(Biotech

&

Pharma)

1,604

European

Wax

Center,

Inc.

\*

-

Class

A

(Diversified

Consumer

Services)

Eve

Holding,

Inc.

\*

(Aerospace

&

Defense)

600

EverCommerce,

Inc.

\*

(Software)

EverQuote,

Inc.

\*

-

Class

A

(Interactive

Media

&

Services)

1,110

EVERTEC,

Inc.

(Financial

Services)

4,600

EVgo,

Inc.

\*

(Specialty

Retail)

564

EVI

Industries,

Inc.

\*

(Trading

Companies

&

Distributors)

Evolent

Health,

Inc.

\*

-

Class

A

(Health

Care

Technology)

643

Evolus,

Inc.

\*

(Pharmaceuticals)

584

Evolution

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

Evolv

Technologies

Holdings,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

2,378

Evommune,

Inc.

\*

(Biotech

&

Pharma)

598

Excelerate

Energy,

Inc.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

2,005

eXp

World

Holdings,

Inc.

(Real

Estate

Management

&

Development)

1,354

Expensify,

Inc.

\*

(Software)

Exponent,

Inc.

(Professional

Services)

8,222

Expro

Group

Holdings

N.V.

\*

(Energy

Equipment

&

Services)

3,604

Extreme

Networks,

Inc.

\*

(Communications

Equipment)

5,082

Exzeo

Group,

Inc.

\*

(Insurance)

EyePoint

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

2,526

F&G

Annuities

&

Life,

Inc.

(Insurance)

2,380

Fabrinet

\*

(Electronic

Equipment,

Instruments

&

Components)

47,459

Falcon's

Beyond

Global,

Inc.

\*

(Professional

Services)

620

Faraday

Future

Intelligent

Electric,

Inc.

\*

(Software)

Farmers

&

Merchants

Bancorp,

Inc.

(Banks)

821

Farmers

National

Banc

Corp.

(Banks)

1,842

Farmland

Partners,

Inc.

(Specialized

REITs)

1,101

Fastly,

Inc.

\*

-

Class

A

(IT

Services)

10,403

Fate

Therapeutics,

Inc.

\*

(Biotechnology)

FB

BanCorp,

Inc.

\*

(Banking)

563

FB

Financial

Corp.

(Banks)

5,817

Federal

Agricultural

Mortgage

Corp.

-

Class

C

(Financial

Services)

3,560

Federal

Signal

Corp.

(Machinery)

16,437

Fennec

Pharmaceuticals,

Inc.

\*

(Biotechnology)

Ferroglobe

PLC

(Metals

&

Mining)

1,244

Fidelis

Insurance

Holdings,

Ltd.

(Insurance)

2,656

Fidelity

D&D

Bancorp,

Inc.

(Banks)

519

Figs,

Inc.

\*

-

Class

A

(Textiles,

Apparel

&

Luxury

Goods)

3,338

Finance

Of

America

Companies,

Inc.

\*

(Specialty

Finance)

Financial

Institutions,

Inc.

(Banks)

1,554

Finward

BanCorp.

(Banking)

Finwise

Bancorp

\*

(Banking)

Firefly

Aerospace,

Inc.

\*(a)

(Aerospace

&

Defense)

1,680

First

Advantage

Corp.

\*

(Professional

Services)

2,352

First

Bancorp

(Banks)

5,748

First

Bancorp

(Banks)

8,459

First

Bank

(Banks)

880

First

Busey

Corp.

(Banks)

5,408

First

Business

Financial

Services,

Inc.

(Banks)

1,079

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Small-Cap

Common

Stocks,

continued

Shares

Value

First

Capital,

Inc.

(Banking)

$

First

Commonwealth

Financial

Corp.

(Banks)

4,588

First

Community

Bancshares,

Inc.

\*

(Banks)

1,744

First

Community

Corp

(Banking)

526

First

Financial

Bancorp

\*

(Banks)

7,332

First

Financial

Bankshares,

Inc.

(Banks)

10,013

First

Financial

Corp.

(Banks)

1,833

First

Internet

Bancorp

(Banks)

First

Interstate

BancSystem,

Inc.

-

Class

A

(Banks)

7,281

First

Merchants

Corp.

(Banks)

6,119

First

Mid

Bancshares,

Inc.

(Banks)

2,265

First

National

Corp.

(Banking)

538

First

United

Corp.

\*

(Banking)

550

First

Watch

Restaurant

Group,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

1,593

First

Western

Financial,

Inc.

\*

(Banks)

516

FirstCash

Holdings,

Inc.

(Consumer

Finance)

18,799

Firstsun

Capital

Bancorp

\*

(Banking)

2,114

FitLife

Brands,

Inc.

\*

(Biotech

&

Pharma)

Five

Star

Bancorp

(Banks)

1,471

Five9,

Inc.

\*

(Software)

3,004

FLEX

LNG,

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

2,347

Flexsteel

Industries,

Inc.

(Household

Durables)

Flotek

Industries,

Inc.

\*

(Oil

&

Gas

Services

&

Equipment)

611

Flowco

Holdings,

Inc.

\*

-

Class

A

(Oil

&

Gas

Services

&

Equipment)

1,154

Fluence

Energy,

Inc.

\*

(Electrical

Equipment)

2,491

Fluor

Corp.

(Construction

&

Engineering)

18,987

Flushing

Financial

Corp.

(Banks)

1,244

flyExclusive,

Inc.

\*

(Passenger

Airlines)

Flywire

Corp.

\*

(Financial

Services)

3,445

Foghorn

Therapeutics,

Inc.

\*

(Biotechnology)

Fold

Holdings,

Inc.

\*

(Capital

Markets)

Forafric

Global

PLC

\*

(Food

Products)

Forestar

Group,

Inc.

\*

(Real

Estate

Management

&

Development)

1,198

FormFactor,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

19,107

Forrester

Research,

Inc.

\*

(Professional

Services)

Fortrea

Holdings,

Inc.

\*

(Life

Sciences

Tools

&

Services)

2,223

Forum

Energy

Technologies,

Inc.

\*

(Energy

Equipment

&

Services)

1,584

Forward

Air

Corp.

\*

(Air

Freight

&

Logistics)

919

Four

Corners

Property

Trust,

Inc.

(Specialized

REITs)

6,338

Fox

Factory

Holding

Corp.

\*

(Automobile

Components)

1,745

Franklin

BSP

Realty

Trust,

Inc.

(Mortgage

REITs)

1,757

Franklin

Covey

Co.

\*

(Professional

Services)

Franklin

Electric

Co.,

Inc.

(Machinery)

9,033

Franklin

Financial

Services

Corp.

(Banking)

562

Franklin

Street

Properties

Corp.

(Office

REITs)

Frequency

Electronics

Inc

\*

(Technology

Hardware)

752

Fresh

Del

Monte

Produce,

Inc.

(Food

Products)

3,382

Freshworks,

Inc.

\*

-

Class

A

(Software)

527

4,232

Friedman

Industries,

Inc.

\*

(Steel)

Frontdoor,

Inc.

\*

(Diversified

Consumer

Services)

9,726

Frontier

Group

Holdings,

Inc.

\*

(Passenger

Airlines)

512

FrontView

REIT,

Inc.

(Retail

REITs)

804

FRP

Holdings,

Inc.

\*

(Real

Estate

Management

&

Development)

635

FS

Bancorp,

Inc.

\*

(Banks)

617

FTAI

Infrastructure,

Inc.

(Ground

Transportation)

1,368

fuboTV,

Inc.

\*

(Internet

Media

&

Services)

696

Fulcrum

Therapeutics,

Inc.

\*

(Pharmaceuticals)

1,158

Common

Stocks,

continued

Shares

Value

Fulgent

Genetics,

Inc.

\*

(Health

Care

Providers

&

Services)

$

843

Fulton

Financial

Corp.

(Banks)

9,865

Funko,

Inc.

\*

-

Class

A

(Leisure

Products)

FutureFuel

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

FVCBankcorp,

Inc.

\*

(Banks)

592

Gaia,

Inc.

\*

(Retail

-

Discretionary)

Gambling.com

Group,

Ltd.

\*

(Media)

Gannett

Co.,

Inc.

\*

(Media)

2,510

Garret

Motion,

Inc.

(Automotive)

8,158

GATX

Corp.

(Trading

Companies

&

Distributors)

15,537

GBank

Financial

Holdings,

Inc.

\*

(Specialty

Finance)

615

GCM

Grosvenor,

Inc.

-

Class

A

(Capital

Markets)

1,519

Genco

Shipping

&

Trading,

Ltd.

(Marine

Transportation)

1,804

Gencor

Industries,

Inc.

\*

(Machinery)

GeneDx

Holdings

Corp.

\*

(Health

Care

Providers

&

Services)

3,083

Genesco,

Inc.

\*

(Specialty

Retail)

725

Genie

Energy,

Ltd.

-

Class

B

(Electric

Utilities)

749

Genius

Sports

Ltd.

\*

(Leisure

Facilities

&

Services)

553

2,450

Gentherm,

Inc.

\*

(Automobile

Components)

2,111

Genworth

Financial,

Inc.

\*

-

Class

A

(Insurance)

1,000

8,120

German

American

Bancorp,

Inc.

\*

(Banks)

3,845

Geron

Corp.

\*

(Biotechnology)

1,380

2,056

Getty

Images

Holdings,

Inc.

\*(a)

(Interactive

Media

&

Services)

Getty

Realty

Corp.

(Retail

REITs)

4,357

Gevo,

Inc.

\*

(Renewable

Energy)

591

1,613

Gibraltar

Industries,

Inc.

\*

(Building

Products)

2,990

GigaCloud

Technology,

Inc.

\*

-

Class

A

(Distributors)

2,768

G-III

Apparel

Group,

Ltd.

\*

(Textiles,

Apparel

&

Luxury

Goods)

2,548

Ginkgo

Bioworks

Holdings,

Inc.

\*

(Health

Care

Facilities

&

Services)

662

Glacier

Bancorp,

Inc.

(Banks)

14,518

Gladstone

Commercial

Corp.

(Equity

REIT

-

Diversified)

1,394

Gladstone

Land

Corp.

(Specialized

REITs)

908

Glaukos

Corp.

\*

(Health

Care

Equipment

&

Supplies)

15,181

Global

Business

Travel

Group,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

1,841

Global

Industrial

Co.

(Trading

Companies

&

Distributors)

1,135

Global

Medical

REIT,

Inc.

(Health

Care

REITs)

1,059

Global

Net

Lease,

Inc.

(Equity

REIT

-

Diversified)

501

4,689

Global

Water

Resources,

Inc.

(Water

Utilities)

Globalstar,

Inc.

\*

(Telecommunications)

8,435

Gogo,

Inc.

\*

(Wireless

Telecommunication

Services)

792

GoHealth,

Inc.

\*

-

Class

A

(Insurance)

Golar

LNG,

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

13,365

Gold.com,

Inc.

(Distributors)

1,924

Golden

Entertainment,

Inc.

\*

ARS

(Hotels,

Restaurants

&

Leisure)

1,308

Goosehead

Insurance,

Inc.

\*

-

Class

A

(Insurance)

2,560

Gossamer

Bio,

Inc.

\*

(Biotechnology)

GPGI,

Inc.

\*

-

Class

A

(Technology

Hardware,

Storage

&

Peripherals)

7,695

Graham

Corp.

(Machinery)

2,052

Graham

Holdings

Co.

-

Class

B

(Diversified

Consumer

Services)

8,458

GRAIL,

Inc.

\*

(Biotechnology)

4,600

Granite

Construction,

Inc.

(Construction

&

Engineering)

13,307

Granite

Ridge

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

804

Gray

Television,

Inc.

(Media)

963

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Small-Cap

Common

Stocks,

continued

Shares

Value

Great

Lakes

Dredge

&

Dock

Corp.

\*

(Construction

&

Engineering)

$

2,856

Great

Southern

Bancorp,

Inc.

(Banks)

1,326

Green

Brick

Partners,

Inc.

\*

(Household

Durables)

5,092

Green

Dot

Corp.

\*

-

Class

A

(Consumer

Finance)

1,537

Green

Plains,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

2,846

Greene

County

Bancorp,

Inc.

(Banks)

Greenlight

Capital

Re,

Ltd.

\*

-

Class

A

(Insurance)

1,141

Greenwich

Lifesciences,

Inc.

\*(a)

(Biotechnology)

Greif,

Inc.

-

Class

A

(Containers

&

Packaging)

4,092

Greif,

Inc.

-

Class

B

(Containers

&

Packaging)

1,050

Grid

Dynamics

Holdings,

Inc.

\*

(IT

Services)

963

Griffon

Corp.

(Building

Products)

7,050

Grindr,

Inc.

\*

(Interactive

Media

&

Services)

967

Grocery

Outlet

Holding

Corp.

\*

(Consumer

Staples

Distribution

&

Retail)

1,685

Group

Automotive,

Inc.

(Specialty

Retail)

9,918

Groupon,

Inc.

\*

(Broadline

Retail)

762

Guardant

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

29,003

Guardian

Pharmacy

Services,

Inc.

\*

-

Class

A

(Consumer

Staples

Distribution

&

Retail)

2,147

Gulfport

Energy

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

8,463

Gyre

Therapeutics,

Inc.

\*

(Biotechnology)

H.B.

Fuller

Co.

(Chemicals)

8,512

H2O

America

\*

(Water

Utilities)

4,928

HA

Sustainable

Infrastructure

Capital,

Inc.

(Financial

Services)

11,613

Haemonetics

Corp.

\*

(Health

Care

Equipment

&

Supplies)

6,707

Hallador

Energy

Co.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,400

Hamilton

Beach

Brands

Holding

Co.

\*

-

Class

A

(Household

Durables)

Hamilton

Insurance

Group,

Ltd.

\*

-

Class

B

(Insurance)

3,341

Hancock

Whitney

Corp.

(Banks)

13,417

Hanmi

Financial

Corp.

(Banks)

1,977

Hanover

Bancorp,

Inc.

\*

(Banking)

Harmonic,

Inc.

\*

(Communications

Equipment)

2,523

Harmony

Biosciences

Holdings,

Inc.

\*

(Pharmaceuticals)

3,109

Harrow,

Inc.

\*

(Pharmaceuticals)

2,821

Haverty

Furniture

Cos.,

Inc.

(Specialty

Retail)

720

Hawaiian

Electric

Industries,

Inc.

\*

(Electric

Utilities)

6,144

Hawkins,

Inc.

(Chemicals)

7,526

Hawthorn

Bancshares,

Inc.

(Banking)

505

HBT

Financial,

Inc.

(Banks)

775

HCI

Group,

Inc.

(Insurance)

4,174

Health

Catalyst,

Inc.

\*

(Health

Care

Technology)

Healthcare

Services

Group,

Inc.

\*

(Commercial

Services

&

Supplies)

3,302

HealthEquity,

Inc.

\*

(Health

Care

Providers

&

Services)

17,800

HealthStream,

Inc.

(Health

Care

Technology)

1,243

HeartFlow,

Inc.

\*

(Health

Care

Technology)

1,217

Heartland

Express,

Inc.

(Ground

Transportation)

1,154

Hecla

Mining

Co.

(Metals

&

Mining)

1,607

29,938

Helen

of

Troy,

Ltd.

\*

(Household

Durables)

836

Helios

Technologies,

Inc.

(Machinery)

5,436

Helix

Energy

Solutions

Group,

Inc.

\*

(Energy

Equipment

&

Services)

3,481

Helmerich

&

Payne,

Inc.

(Energy

Equipment

&

Services)

9,008

Herbalife,

Ltd.

\*

(Personal

Care

Products)

3,811

Herc

Holdings,

Inc.

(Trading

Companies

&

Distributors)

8,263

Heritage

Commerce

Corp.

(Banks)

1,897

Heritage

Financial

Corp.

(Banks)

2,236

Heritage

Insurance

Holdings,

Inc.

\*

(Insurance)

1,628

Common

Stocks,

continued

Shares

Value

Heron

Therapeutics,

Inc.

\*

(Biotechnology)

$

Hertz

Global

Holdings,

Inc.

\*(a)

(Ground

Transportation)

1,392

HF

Foods

Group,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

HighPeak

Energy,

Inc.

(a) (Oil,

Gas

&

Consumable

Fuels)

Hillman

Solutions

Corp.

(Machinery)

501

4,168

Hilltop

Holdings,

Inc.

\*

(Banks)

3,940

Hilton

Grand

Vacations,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

6,024

Himalaya

Shipping,

Ltd.

(Marine

Transportation)

944

Hims

&

Hers

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

518

10,754

Hingham

Institution

for

Savings

(Banks)

1,143

Hippo

Holdings,

Inc.

\*

(Insurance)

1,173

HireQuest,

Inc.

(Professional

Services)

HNI

Corp.

(Commercial

Services

&

Supplies)

5,943

Holley,

Inc.

\*

(Automobile

Components)

593

Hologic,

Inc.

\*

(Biotechnology)

638

Home

Bancorp,

Inc.

(Banks)

1,030

Home

BancShares,

Inc.

(Banks)

12,819

HomeTrust

Bancshares,

Inc.

(Banks)

1,706

Hope

Bancorp,

Inc.

(Banks)

3,496

Horace

Mann

Educators

Corp.

(Insurance)

4,396

Horizon

Bancorp,

Inc.

(Banks)

2,104

Hovnanian

Enterprises,

Inc.

\*

-

Class

A

(Household

Durables)

1,331

Hub

Group,

Inc.

\*

-

Class

A

(Air

Freight

&

Logistics)

5,442

Hudson

Pacific

Properties,

Inc.

\*

(Office

REITs)

792

Hudson

Technologies,

Inc.

\*

(Trading

Companies

&

Distributors)

570

Humacyte,

Inc.

\*(a)

(Biotechnology)

Huron

Consulting

Group,

Inc.

\*

(Professional

Services)

5,482

Hut

Corp.

\*

(Software)

11,634

Hyliion

Holdings

Corp.

\*

(Machinery)

551

Hyster-Yale,

Inc.

-

Class

A

(Machinery)

1,008

I3

Verticals,

Inc.

\*

-

Class

A

(Financial

Services)

1,252

IBEX

Holdings,

Ltd.

\*

(Professional

Services)

671

Ibotta,

Inc.

\*

-

Class

A

(Media)

839

ICF

International,

Inc.

\*

(Professional

Services)

3,003

Ichor

Holdings,

Ltd.

\*

(Semiconductors

&

Semiconductor

Equipment)

4,008

ICU

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

7,878

Idaho

Strategic

Resources,

Inc.

\*

(Metals

&

Mining)

1,221

Ideaya

Biosciences,

Inc.

\*

(Biotechnology)

7,130

IDT

Corp.

-

Class

B

(Diversified

Telecommunication

Services)

2,013

IES

Holdings,

Inc.

\*

(Construction

&

Engineering)

10,959

iHeartMedia,

Inc.

\*

-

Class

A

(Media)

896

IMAX

Corp.

\*

(Entertainment)

4,219

Immersion

Corp.

(Technology

Hardware,

Storage

&

Peripherals)

ImmunityBio,

Inc.

\*(a)

(Biotechnology)

746

5,722

Immunome,

Inc.

\*

(Biotechnology)

5,642

Immunovant,

Inc.

\*

(Biotechnology)

5,117

Impinj,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

7,292

Independence

Realty

Trust,

Inc.

(Residential

REITs)

608

9,054

Independent

Bank

Corp.

(Banks)

9,476

Independent

Bank

Corp.

(Banks)

1,665

indie

Semiconductor,

Inc.

\*(a)

-

Class

A

(Semiconductors

&

Semiconductor

Equipment)

506

1,629

Indivior

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

9,357

Industrial

Logistics

Properties

Trust

(Industrial

REITs)

795

Infinity

Natural

Resources,

Inc.

\*

-

Class

A

(Oil

&

Gas

Producers)

722

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Small-Cap

Common

Stocks,

continued

Shares

Value

Information

Services

Group,

Inc.

(IT

Services)

$

Ingevity

Corp.

\*

(Chemicals)

6,482

Ingles

Markets,

Inc.

-

Class

A

(Consumer

Staples

Distribution

&

Retail)

3,326

Inhibikase

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

Inhibrx

Biosciences,

Inc.

\*

(Biotechnology)

1,546

Inmune

Bio,

Inc.

\*

(Biotechnology)

Innodata,

Inc.

\*

(Professional

Services)

3,012

Innospec,

Inc.

(Chemicals)

4,600

Innovage

Holding

Corp.

\*

(Health

Care

Providers

&

Services)

Innovative

Industrial

Properties,

Inc.

(Industrial

REITs)

3,511

Innovex

International,

Inc.

\*

(Energy

Equipment

&

Services)

2,390

Innoviva,

Inc.

\*

(Pharmaceuticals)

4,427

Innventure,

Inc.

\*

(Capital

Markets)

512

Inogen,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Inseego

Corp.

\*

(Technology

Hardware)

Insight

Enterprises,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

4,959

Insperity,

Inc.

(Professional

Services)

2,461

Inspired

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

Installed

Building

Products,

Inc.

(Household

Durables)

15,643

Insteel

Industries,

Inc.

(Building

Products)

1,580

Intapp,

Inc.

\*

(Software)

3,699

Integer

Holdings

Corp.

\*

(Health

Care

Equipment

&

Supplies)

7,656

Integra

LifeSciences

Holdings

Corp.

\*

(Health

Care

Equipment

&

Supplies)

1,592

Intellia

Therapeutics,

Inc.

\*

(Biotechnology)

3,602

InterDigital,

Inc.

(Software)

19,932

Interface,

Inc.

(Commercial

Services

&

Supplies)

3,663

International

Bancshares

Corp.

(Banks)

9,286

International

Game

Technology

PLC

(Hotels,

Restaurants

&

Leisure)

3,376

International

Money

Express,

Inc.

\*

(Financial

Services)

1,090

International

Seaways,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

7,434

Interparfums,

Inc.

(Personal

Care

Products)

4,178

Intrepid

Potash,

Inc.

\*

(Chemicals)

1,155

Intuitive

Machines,

Inc.

\*

(Aerospace

&

Defense)

5,215

InvenTrust

Properties

Corp.

(Retail

REITs)

6,001

Invesco

Mortgage

Capital,

Inc.

(Mortgage

REITs)

1,576

Investar

Holding

Corp.

(Banks)

873

Investors

Title

Co.

\*

(Insurance)

869

IonQ,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

872

25,140

Iovance

Biotherapeutics,

Inc.

\*

(Biotechnology)

852

2,991

iRadimed

Corp.

\*

(Health

Care

Equipment

&

Supplies)

2,021

IRhythm

Holdings,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

9,560

Ironwood

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,418

Ispire

Technology,

Inc.

\*

(Tobacco)

Itron,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

10,307

Ivanhoe

Electric,

Inc.

\*

(Metals

&

Mining)

3,180

J

&

J

Snack

Foods

Corp.

(Food

Products)

3,012

J

Jill,

Inc.

(Specialty

Retail)

Jack

in

the

Box,

Inc.

(Hotels,

Restaurants

&

Leisure)

Jackson

Financial,

Inc.

-

Class

A

(Financial

Services)

18,079

Jade

Biosciences,

Inc.

\*

(Biotech

&

Pharma)

1,138

JAKKS

Pacific,

Inc.

\*

(Leisure

Products)

James

River

Group

Holdings,

Inc.

(Insurance)

586

Janus

International

Group,

Inc.

\*

(Building

Products)

1,766

Common

Stocks,

continued

Shares

Value

Janux

Therapeutics,

Inc.

\*

(Biotechnology)

$

1,501

JBG

SMITH

Properties

(Office

REITs)

2,206

Jefferson

Capital,

Inc.

(Consumer

Finance)

1,077

JELD-WEN

Holding,

Inc.

\*

(Building

Products)

JetBlue

Airways

Corp.

\*

(Passenger

Airlines)

751

3,319

Joby

Aviation,

Inc.

\*

(Passenger

Airlines)

1,481

12,233

John

B. Sanfilippo

&

Son,

Inc.

\*

(Food

Products)

1,587

John

Bean

Technologies

Corp.

(Machinery)

16,879

John

Marshall

Bancorp,

Inc.

(Banks)

649

John

Wiley

&

Sons,

Inc.

-

Class

A

(Media)

3,886

Johnson

Outdoors,

Inc.

-

Class

A

(Leisure

Products)

698

Journey

Medical

Corp.

\*

(Biotech

&

Pharma)

Kadant,

Inc.

(Machinery)

8,771

Kaiser

Aluminum

Corp.

(Metals

&

Mining)

4,941

Kaltura,

Inc.

\*

(Software)

KalVista

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,953

Karat

Packaging,

Inc.

(Trading

Companies

&

Distributors)

614

KB

Home

(Household

Durables)

8,073

Kearney

Financial

Corp.

(Banks)

1,095

Kelly

Services,

Inc.

-

Class

A

(Professional

Services)

690

Kennametal,

Inc.

(Machinery)

6,973

Kennedy-Wilson

Holdings,

Inc.

(Real

Estate

Management

&

Development)

3,311

Keros

Therapeutics,

Inc.

\*

(Biotechnology)

817

Kestra

Medical

Technologies

Ltd.

\*

(Medical

Equipment

&

Devices)

1,355

Kforce,

Inc.

(Professional

Services)

1,287

Kimball

Electronics,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,445

KinderCare

Learning

Cos.,

Inc.

\*

(Diversified

Consumer

Services)

Kinetik

Holdings,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

5,712

Kingstone

Companies,

Inc.

(Insurance)

Kingsway

Financial

Services,

Inc.

\*

(Insurance)

553

Kite

Realty

Group

Trust

(Retail

REITs)

550

13,502

KKR

Real

Estate

Finance

Trust,

Inc.

(Mortgage

REITs)

851

Knife

River

Corp.

(Construction

Materials)

11,839

Knowles

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

5,547

Kodiak

Gas

Services,

Inc.

(Energy

Equipment

&

Services)

12,306

Kodiak

Sciences,

Inc.

\*

(Biotechnology)

3,660

Kohl's

Corp.

(Broadline

Retail)

3,560

Kolibri

Global

Energy,

Inc.

\*

(Oil

&

Gas

Producers)

Kontoor

Brands,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

9,771

Kopin

Corp.

\*

(Technology

Hardware)

972

Koppers

Holdings,

Inc.

(Chemicals)

1,857

Korn

Ferry

(Professional

Services)

8,372

Korro

Bio,

Inc.

\*

(Biotechnology)

KORU

Medical

Systems,

Inc.

\*

(Medical

Equipment

&

Devices)

Kosmos

Energy,

Ltd.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,199

3,333

Kratos

Defense

&

Security

Solutions,

Inc.

\*

(Aerospace

&

Defense)

32,223

Krispy

Kreme,

Inc.

(Hotels,

Restaurants

&

Leisure)

661

Kronos

Worldwide,

Inc.

\*

(Chemicals)

Krystal

Biotech,

Inc.

\*

(Biotechnology)

16,273

Kulicke

&

Soffa

Industries,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

8,478

KULR

Technology

Group,

Inc.

\*

(Technology

Hardware)

Kura

Oncology,

Inc.

\*

(Biotechnology)

1,659

Kura

Sushi

USA,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

1,186

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Small-Cap

Common

Stocks,

continued

Shares

Value

Kymera

Therapeutics,

Inc.

\*

(Biotechnology)

$

12,077

L.B.

Foster

Co.

-

Class

A

(Machinery)

698

Ladder

Capital

Corp.

(Mortgage

REITs)

2,824

Lakeland

Financial

Corp.

(Banks)

3,615

Lakeland

Industries,

Inc.

(Apparel

&

Textile

Products)

Lancaster

Colony

Corp.

(Food

Products)

7,055

Landmark

BanCorp,

Inc.

(Banking)

Lands'

End,

Inc.

\*

(Specialty

Retail)

Lantheus

Holdings,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

12,515

Larimar

Therapeutics,

Inc.

\*

(Biotechnology)

536

Latham

Group,

Inc.

\*

(Leisure

Products)

677

Laureate

Education,

Inc.

\*

-

CLASS

A

(Diversified

Consumer

Services)

11,183

La-Z-Boy,

Inc.

(Household

Durables)

3,375

LB

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

1,208

LCI

Industries

(Automobile

Components)

7,379

LCNB

Corp.

(Banks)

530

Legacy

Housing

Corp.

\*

(Household

Durables)

Legalzoom.com,

Inc.

\*

(Commercial

Support

Services)

1,786

Legence

Corporation

\*

(Construction

&

Engineering)

5,364

Leggett

&

Platt,

Inc.

(Household

Durables)

3,330

LeMaitre

Vascular,

Inc.

(Health

Care

Equipment

&

Supplies)

5,786

Lemonade,

Inc.

\*

(Insurance)

9,779

LendingClub

Corp.

\*

(Consumer

Finance)

4,138

LendingTree,

Inc.

\*

(Consumer

Finance)

1,201

LENSAR,

Inc.

\*

(Medical

Equipment

&

Devices)

LENZ

Therapeutics,

Inc.

\*

(Biotechnology)

Lexeo

Therapeutics,

Inc.

\*

(Biotechnology)

959

LGI

Homes,

Inc.

\*

(Household

Durables)

2,056

Liberty

Energy,

Inc.

(Energy

Equipment

&

Services)

11,491

Liberty

Latin

America,

Ltd.

\*

-

Class

A

(Diversified

Telecommunication

Services)

639

Liberty

Latin

America,

Ltd.

\*

-

Class

C

(Diversified

Telecommunication

Services)

3,096

Life

Time

Group

Holdings,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

10,291

Life360,

Inc.

\*

(Software)

2,123

Lifecore

Biomedical,

Inc.

\*

(Life

Sciences

Tools

&

Services)

LifeMD,

Inc.

\*

(Health

Care

Technology)

LifeStance

Health

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

2,675

Lifevantage

Corporation

(Food

Products)

Lifeway

Foods,

Inc.

\*

(Food

Products)

Lifezone

Metals,

Ltd.

\*

(Metals

&

Mining)

Ligand

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

9,783

Lightbridge

Corp.

\*

(Electrical

Equipment)

789

Limbach

Holdings,

Inc.

\*

(Construction

&

Engineering)

2,107

Limoneira

Co.

\*

(Food

Products)

564

Lincoln

Educational

Services

Corp.

\*

(Diversified

Consumer

Services)

3,051

Lindblad

Expeditions

Holdings,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

1,678

Lindsay

Corp.

(Machinery)

3,215

LINKBANCORP,

Inc.

(Banks)

Lionsgate

Studios

Corp.

\*

(Entertainment)

518

4,968

Liquidia

Corp.

\*

(Pharmaceuticals)

6,265

Liquidity

Services,

Inc.

\*

(Commercial

Services

&

Supplies)

1,804

LivaNova

PLC

\*

(Health

Care

Equipment

&

Supplies)

8,771

Live

Oak

Bancshares,

Inc.

(Banks)

2,943

LiveRamp

Holdings,

Inc.

\*

(Software)

4,190

Livewire

Group,

Inc.

\*

(Automobiles)

Common

Stocks,

continued

Shares

Value

loanDepot,

Inc.

\*

(Specialty

Finance)

$

Logistic

Properties

Of

The

Americas

\*

(Real

Estate

Owners

&

Developers)

LSB

Industries,

Inc.

\*

(Chemicals)

2,026

LSI

Industries,

Inc.

(Electrical

Equipment)

1,302

LTC

Properties,

Inc.

(Health

Care

REITs)

4,422

Lucid

Diagnostics,

Inc.

\*

(Medical

Equipment

&

Devices)

Lumen

Technologies,

Inc.

(Diversified

Telecommunication

Services)

2,412

16,764

Lument

Finance

Trust,

Inc.

\*

(Specialty

Finance)

Lumexa

Imaging

Holdings,

Inc.

\*

(Health

Care

Facilities

&

Services)

550

Luxfer

Holdings

PLC

(Machinery)

828

LXP

Industrial

Trust

(Industrial

REITs)

6,800

M/I

Homes,

Inc.

\*

(Household

Durables)

8,082

Mack-Cali

Realty

Corp.

(Residential

REITs)

3,793

Madison

Square

Garden

Entertainment

Corp.

\*

(Entertainment)

5,891

Madrigal

Pharmaceuticals,

Inc.

\*

(Biotechnology)

22,508

Magnera

Corp.

\*

(Forestry,

Paper

&

Wood

Products)

780

Magnite,

Inc.

\*

(Media)

4,278

Magnolia

Oil

&

Gas

Corp.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

14,459

MainStreet

Bancshares,

Inc.

\*

(Banking)

Malibu

Boats,

Inc.

\*

-

Class

A

(Leisure

Products)

1,218

Mama's

Creations,

Inc.

\*

(Food

Products)

1,427

Mammoth

Energy

Services,

Inc.

\*

(Energy

Equipment

&

Services)

Mannkind

Corp.

\*

(Biotechnology)

773

1,894

MapLight

Therapeutics,

Inc.

\*

(Biotechnology)

996

MARA

Holdings,

Inc.

\*(a)

(Software)

959

7,825

Maravai

LifeSciences

Holdings,

Inc.

\*

-

Class

A

(Life

Sciences

Tools

&

Services)

781

Marcus

&

Millichap,

Inc.

(Real

Estate

Management

&

Development)

1,622

Marex

Group

PLC

(Institutional

Financial

Services)

6,197

Marine

Products

Corp.

(Leisure

Products)

MarineMax,

Inc.

\*

(Specialty

Retail)

1,326

MarketWise,

Inc.

(Capital

Markets)

Marqeta,

Inc.

\*

-

Class

A

(Financial

Services)

906

3,696

Marriott

Vacations

Worldwide

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

4,558

Marten

Transport,

Ltd.

(Ground

Transportation)

1,930

Masterbrand,

Inc.

\*

(Building

Products)

2,668

MasterCraft

Boat

Holdings,

Inc.

\*

(Leisure

Products)

820

Materion

Corp.

(Metals

&

Mining)

7,522

Mativ

Holdings,

Inc.

(Chemicals)

1,192

Matrix

Service

Co.

\*

(Construction

&

Engineering)

781

Matson,

Inc.

(Marine

Transportation)

12,788

Matthews

International

Corp.

-

Class

A

(Commercial

Services

&

Supplies)

1,937

Maui

Land

&

Pineapple

Co.,

Inc.

\*

(Real

Estate

Management

&

Development)

MaxCyte,

Inc.

\*

(Life

Sciences

Tools

&

Services)

Maximus,

Inc.

(Professional

Services)

8,845

MaxLinear,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

3,582

Mayville

Engineering

Co.,

Inc.

\*

(Machinery)

592

Maze

Therapeutics,

Inc.

\*

(Biotechnology)

2,000

MBIA,

Inc.

\*

(Insurance)

686

MBX

Biosciences,

Inc.

\*

(Pharmaceuticals)

2,149

McGrath

RentCorp

(Trading

Companies

&

Distributors)

6,837

McGraw

Hill,

Inc.

\*

(Diversified

Consumer

Services)

1,000

Mechanics

Bancorp

\*

(Banks)

1,814

Medallion

Financial

Corp.

\*

(Consumer

Finance)

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Small-Cap

Common

Stocks,

continued

Shares

Value

MediaAlpha,

Inc.

\*

-

Class

A

(Interactive

Media

&

Services)

$

800

Medifast,

Inc.

(Personal

Care

Products)

MediWound,

Ltd.

\*

(Pharmaceuticals)

MeiraGTx

Holdings

PLC

\*

(Biotechnology)

987

Mercantile

Bank

Corp.

(Banks)

2,121

Merchants

Bancorp

(Financial

Services)

2,832

Mercury

General

Corp.

(Insurance)

5,994

Mercury

Systems,

Inc.

\*

(Aerospace

&

Defense)

10,062

Meridian

Corporation

\*

(Banking)

Meridian

Holdings,

Inc.

\*

(Entertainment)

Merit

Medical

Systems,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

10,202

Meritage

Homes

Corp.

(Household

Durables)

10,575

Mesa

Laboratories,

Inc.

(Life

Sciences

Tools

&

Services)

1,149

Methode

Electronics,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

Metrocity

Bankshares,

Inc.

(Banks)

1,606

Metropolitan

Bank

Holding

Corp.

(Banks)

1,832

MFA

Financial,

Inc.

(Mortgage

REITs)

2,491

MGE

Energy,

Inc.

(Electric

Utilities)

7,188

MGP

Ingredients,

Inc.

(Beverages)

662

Miami

International

Holdings,

Inc.

\*

(Capital

Markets)

2,413

Microvast

Holdings,

Inc.

\*

(Automotive)

503

755

MicroVision,

Inc.

\*(a)

(Electronic

Equipment,

Instruments

&

Components)

773

Mid

Penn

Bancorp,

Inc.

(Banks)

1,576

Middlesex

Water

Co.

(Water

Utilities)

2,394

Midland

States

Bancorp,

Inc.

(Banks)

1,138

Miller

Industries,

Inc.

(Machinery)

1,275

MillerKnoll,

Inc.

(Commercial

Services

&

Supplies)

2,502

MiMedx

Group,

Inc.

\*

(Biotechnology)

1,181

Minerals

Technologies,

Inc.

(Chemicals)

5,674

Mineralys

Therapeutics,

Inc.

\*

(Biotechnology)

3,278

Mirion

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

606

11,266

Mirum

Pharmaceuticals,

Inc.

\*

(Biotechnology)

9,885

Mission

Produce,

Inc.

\*

(Food

Products)

1,486

Mister

Car

Wash,

Inc.

\*

(Diversified

Consumer

Services)

1,749

Mistras

Group,

Inc.

\*

(Professional

Services)

Mitek

Systems,

Inc.

\*

(Software)

1,512

Mobile

Infrastructure

Corp.

\*

(Real

Estate

Owners

&

Developers)

Modine

Manufacturing

Co.

\*

(Automobile

Components)

28,821

Modiv

Industrial,

Inc.

(Retail

REITs)

Moelis

&

Co.

-

Class

A

(Capital

Markets)

10,715

Monarch

Casino

&

Resort,

Inc.

(Hotels,

Restaurants

&

Leisure)

3,059

Monopar

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

603

Monro,

Inc.

(Specialty

Retail)

1,139

Montauk

Renewables,

Inc.

\*

(Independent

Power/

Renewable

Electricity

Producers)

Monte

Rosa

Therapeutics,

Inc.

\*

(Biotechnology)

2,517

Montrose

Environmental

Group,

Inc.

\*

(Commercial

Services

&

Supplies)

1,817

Moog,

Inc.

-

Class

A

(Aerospace

&

Defense)

20,777

Motorcar

Parts

of

America,

Inc.

\*

(Automotive)

Movado

Group,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

928

M-Tron

Industries,

Inc.

\*

(Electrical

Equipment)

535

Mueller

Water

Products,

Inc.

-

Class

A

(Machinery)

10,831

Murphy

Oil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

14,108

MVB

Financial

Corp.

(Banks)

695

Myers

Industries,

Inc.

(Containers

&

Packaging)

1,991

Myomo,

Inc.

\*

(Medical

Equipment

&

Devices)

MYR

Group,

Inc.

\*

(Construction

&

Engineering)

11,010

Common

Stocks,

continued

Shares

Value

Myriad

Genetics,

Inc.

\*

(Biotechnology)

$

1,049

N-able,

Inc.

\*

(Software)

841

Nabors

Industries,

Ltd.

\*

(Energy

Equipment

&

Services)

3,098

NACCO

Industries,

Inc.

\*

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

520

NANO

Nuclear

Energy,

Inc.

\*(a)

(Electrical

Equipment)

2,068

Nano-X

Imaging,

Ltd.

\*(a)

(Health

Care

Providers

&

Services)

Napco

Security

Technologies,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

3,427

Nathan's

Famous,

Inc.

(Hotels,

Restaurants

&

Leisure)

705

National

Bank

Holdings

Corp.

-

Class

A

(Banks)

3,759

National

Bankshares,

Inc.

(Banks)

583

National

Beverage

Corp.

\*

(Beverages)

2,053

National

CineMedia,

Inc.

\*

(Media)

512

National

Energy

Services

Reunited

Corp.

\*

(Oil

&

Gas

Services

&

Equipment)

3,649

National

Health

Investors,

Inc.

(Health

Care

REITs)

9,622

National

HealthCare

Corp.

(Health

Care

Providers

&

Services)

5,110

National

Presto

Industries,

Inc.

\*

(Aerospace

&

Defense)

1,782

National

Research

Corp.

\*

(Health

Care

Providers

&

Services)

509

National

Vision

Holdings,

Inc.

\*

(Specialty

Retail)

5,102

Natural

Gas

Services

Group,

Inc.

\*

(Energy

Equipment

&

Services)

981

Natural

Grocers

by

Vitamin

Cottage,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

827

Nature's

Sunshine

Products,

Inc.

\*

(Personal

Care

Products)

1,008

Navan,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

1,258

Navient

Corp.

(Consumer

Finance)

1,407

Navigator

Holdings

Ltd.

(Transportation

&

Logistics)

1,411

Navitas

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

514

4,508

NB

Bancorp,

Inc.

\*

(Banks)

2,128

NBT

Bancorp,

Inc.

(Banks)

5,493

NCR

Atleos

Corp.

\*

(Financial

Services)

8,062

NCR

Voyix

Corp.

\*

(Software)

2,228

Nelnet,

Inc.

-

Class

A

(Consumer

Finance)

4,256

Neogen

Corp.

\*

(Health

Care

Equipment

&

Supplies)

553

5,137

NeoGenomics,

Inc.

\*

(Health

Care

Providers

&

Services)

2,419

Neonode,

Inc.

\*

(Technology

Hardware)

NerdWallet,

Inc.

\*

-

Class

A

(Consumer

Finance)

1,038

Nerdy,

Inc.

\*

(Diversified

Consumer

Services)

NET

Lease

Office

Properties

\*

(Office

REITs)

Net

Power,

Inc.

\*

(Electrical

Equipment)

NETGEAR,

Inc.

\*

(Communications

Equipment)

1,507

NetScout

Systems,

Inc.

\*

(Communications

Equipment)

5,627

NETSTREIT

Corp.

(Retail

REITs)

4,011

Neurogene,

Inc.

\*

(Biotechnology)

585

Neuronetics,

Inc.

\*

(Health

Care

Facilities

&

Services)

NeuroPace,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

842

New

Fortress

Energy,

Inc.

(a) (Oil

&

Gas

Producers)

New

Jersey

Resources

Corp.

(Gas

Utilities)

14,004

New

York

Community

Bancorp,

Inc.

(Banks)

768

10,115

Newmark

Group,

Inc.

-

Class

A

(Real

Estate

Management

&

Development)

5,756

Newsmax,

Inc.

\*

(Internet

Media

&

Services)

626

NewtekOne,

Inc.

\*

(Financial

Services)

679

NexPoint

Diversified

Real

Estate

Trust

(Equity

REIT

-

Diversified)

Nexpoint

Real

Estate

Finance,

Inc.

(Mortgage

REITs)

NexPoint

Residential

Trust,

Inc.

(Residential

REITs)

1,425

NextDecade

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

3,393

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Small-Cap

Common

Stocks,

continued

Shares

Value

Nextdoor

Holdings,

Inc.

\*

(Interactive

Media

&

Services)

562

$

787

NextNav,

Inc.

\*

(Software)

3,845

NextNRG,

Inc.

\*

(Oil

&

Gas

Producers)

Nextpower,

Inc.

\*

-

Class

A

(Electrical

Equipment)

44,483

Nexxen

International

Ltd.

\*

(Advertising

&

Marketing)

509

NI

Holdings,

Inc.

\*

(Insurance)

Niagen

Bioscience,

Inc.

\*

(Life

Sciences

Tools

&

Services)

591

Nicolet

Bankshares,

Inc.

(Banks)

6,985

NioCorp

Developments

Ltd.

\*

(Metals

&

Mining)

1,325

Nkarta,

Inc.

\*

(Biotechnology)

NL

Industries,

Inc.

\*

(Commercial

Services

&

Supplies)

nLight,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

6,842

NMI

Holdings,

Inc.

\*

-

Class

A

(Financial

Services)

7,277

Noble

Corp.

PLC

\*

(Energy

Equipment

&

Services)

15,652

Nordic

American

Tankers,

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

518

3,035

Northeast

Bank

(Banks)

2,135

Northeast

Community

Bancorp,

Inc.

(Banks)

738

Northern

Oil

and

Gas,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

7,074

Northfield

Bancorp,

Inc.

(Banks)

1,259

Northpointe

Bancshares,

Inc.

(Banking)

897

Northrim

Bancorp,

Inc.

(Banks)

1,258

Northwest

Bancshares,

Inc.

\*

(Banks)

4,657

Northwest

Natural

Holding

Co.

(Gas

Utilities)

5,588

Northwest

Pipe

Co.

\*

(Construction

&

Engineering)

1,869

NorthWestern

Energy

Group,

Inc.

(Multi-Utilities)

10,287

Norwood

Financial

Corp.

(Banks)

736

NovaGold

Resources,

Inc.

\*

(Metals

&

Mining)

711

6,385

Novanta,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

10,748

Novavax,

Inc.

\*

(Biotechnology)

3,077

Novocure,

Ltd.

\*

(Health

Care

Equipment

&

Supplies)

2,801

NPK

International,

Inc.

\*

(Energy

Equipment

&

Services)

2,999

Nu

Skin

Enterprises,

Inc.

-

Class

A

(Personal

Care

Products)

888

Nurix

Therapeutics,

Inc.

\*

(Biotechnology)

3,984

NuScale

Power

Corp.

\*

(Electrical

Equipment)

4,358

Nutex

Health,

Inc.

\*

(Software)

1,236

Nuvalent,

Inc.

\*

-

Class

A

(Biotechnology)

13,011

Nuvation

Bio,

Inc.

\*

(Pharmaceuticals)

610

2,617

Nuvectis

Pharma,

Inc.

\*

(Biotech

&

Pharma)

NVE

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

786

Oak

Valley

Bancorp

(Banks)

551

Oceaneering

International,

Inc.

\*

(Energy

Equipment

&

Services)

8,868

OceanFirst

Financial

Corp.

(Banks)

2,562

Octave

Specialty

Group,

Inc.

\*

(Insurance)

Ocular

Therapeutix,

Inc.

\*

(Pharmaceuticals)

4,023

OFG

Bancorp

(Banks)

4,410

Ohio

Valley

Banc

Corp.

(Asset

Management)

O-I

Glass,

Inc.

(Containers

&

Packaging)

4,088

Oil

States

International,

Inc.

\*

(Energy

Equipment

&

Services)

1,665

Oil-Dri

Corp.

of

America

(Household

Products)

1,627

Oklo,

Inc.

\*

(Electric

Utilities)

15,324

Olaplex

Holdings,

Inc.

\*

(Personal

Care

Products)

721

Old

National

Bancorp

(Banks)

886

19,582

Old

Second

Bancorp,

Inc.

(Banks)

2,560

Olema

Pharmaceuticals,

Inc.

\*

(Biotechnology)

2,639

Omada

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

1,056

Omega

Flex,

Inc.

\*

(Machinery)

Common

Stocks,

continued

Shares

Value

Omeros

Corp.

\*

(Pharmaceuticals)

$

1,827

OmniAb,

Inc.

\*

(Life

Sciences

Tools

&

Services)

Omnicell,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

3,772

ONE

Gas,

Inc.

(Gas

Utilities)

13,006

One

Liberty

Properties,

Inc.

(Equity

REIT

-

Diversified)

987

OneSpan,

Inc.

(Software)

1,011

OneSpaWorld

Holdings,

Ltd.

(Diversified

Consumer

Services)

5,806

OneWater

Marine,

Inc.

\*

(Specialty

Retail)

Onity

Group,

Inc.

\*

(Financial

Services)

707

Ooma,

Inc.

\*

(Software)

931

OP

Bancorp

(Banking)

OPAL

Fuels,

Inc.

\*

(Renewable

Energy)

Open

Lending

Corp.

\*

(Capital

Markets)

OPENLANE,

Inc.

\*

(Commercial

Services

&

Supplies)

7,754

OPKO

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

1,040

1,186

Oportun

Financial

Corp.

\*

(Specialty

Finance)

OppFi,

Inc.

\*

(Consumer

Finance)

509

OptimizeRx

Corp.

\*

(Health

Care

Technology)

Option

Care

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

10,876

Orange

County

Bancorp,

Inc.

(Banks)

959

OraSure

Technologies,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

528

Orchid

Island

Capital,

Inc.

(Mortgage

REITs)

3,290

Organogenesis

Holdings,

Inc.

\*

(Biotechnology)

ORIC

Pharmaceuticals,

Inc.

\*

(Biotechnology)

2,116

Origin

Bancorp,

Inc.

(Banks)

3,110

Orion

Group

Holdings,

Inc.

\*

(Construction

&

Engineering)

1,036

Orion

SA

(Chemicals)

910

Ormat

Technologies,

Inc.

(Independent

Power/

Renewable

Electricity

Producers)

17,235

Orrstown

Financial

Services,

Inc.

(Banks)

1,696

Orthofix

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,136

OrthoPediatrics

Corp.

\*

(Health

Care

Equipment

&

Supplies)

682

Oruka

Therapeutics

Inc

\*

(Biotechnology)

4,758

Oscar

Health,

Inc.

\*

-

Class

A

(Insurance)

513

5,884

OSI

Systems,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

10,620

Otter

Tail

Corp.

(Electric

Utilities)

8,514

Ouster,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

2,627

Outfront

Media,

Inc.

(Specialized

REITs)

9,911

Outset

Medical,

Inc.

\*

(Software)

Oxford

Industries,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

1,386

P10,

Inc.

-

Class

A

(Capital

Markets)

1,074

Pacific

Biosciences

of

California,

Inc.

\*

(Life

Sciences

Tools

&

Services)

698

921

Pacira

BioSciences,

Inc.

\*

(Pharmaceuticals)

2,328

PACS

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

3,565

Pagaya

Technologies,

Ltd.

\*

-

Class

A

(Software)

1,782

PagerDuty,

Inc.

\*

(Software)

1,379

Pagseguro

Digital,

Ltd.

-

Class

A

(Financial

Services)

4,539

Palladyne

AI

Corp.

\*

(Machinery)

Palomar

Holdings,

Inc.

\*

(Insurance)

8,007

Palvella

Therapeutics,

Inc.

\*

(Biotechnology)

2,493

PAM

Transportation

Services,

Inc.

\*

(Ground

Transportation)

Pangaea

Logistics

Solutions,

Ltd.

(Marine

Transportation)

531

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Small-Cap

Common

Stocks,

continued

Shares

Value

Papa

John's

International,

Inc.

(Hotels,

Restaurants

&

Leisure)

$

2,690

Par

Pacific

Holdings,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

7,830

PAR

Technology

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,346

Park

Aerospace

Corp.

(Aerospace

&

Defense)

1,259

Park

National

Corp.

(Banks)

6,048

Parke

Bancorp,

Inc.

\*

(Banks)

710

Park-Ohio

Holdings

Corp.

\*

(Machinery)

601

Pathward

Financial,

Inc.

(Banks)

4,997

Patria

Investments,

Ltd.

-

Class

A

(Capital

Markets)

2,104

Patrick

Industries,

Inc.

(Automobile

Components)

9,108

Patriot

National

Bancorp,

Inc.

\*

(Banking)

Patterson-UTI

Energy,

Inc.

(Energy

Equipment

&

Services)

877

9,498

Payoneer

Global,

Inc.

\*

(Financial

Services)

704

3,400

Paysafe,

Ltd.

\*

(Financial

Services)

538

Paysign,

Inc.

\*

(Financial

Services)

525

PBF

Energy,

Inc.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

10,095

PC

Connection,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

1,637

PCB

Bancorp

(Banks)

607

PDF

Solutions,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,650

Peabody

Energy

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

10,182

Peakstone

Realty

Trust

(Office

REITs)

1,943

Peapack-Gladstone

Financial

Corp.

(Banks)

1,408

Pebblebrook

Hotel

Trust

(Hotel

&

Resort

REITs)

3,587

Pediatrix

Medical

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

4,620

Peloton

Interactive,

Inc.

\*

-

Class

A

(Leisure

Products)

1,001

4,294

Penguin

Solutions,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,323

PennyMac

Financial

Services,

Inc.

(Financial

Services)

6,468

PennyMac

Mortgage

Investment

Trust

(Mortgage

REITs)

2,577

Peoples

Bancorp

of

North

Carolina,

Inc.

(Banks)

Peoples

Bancorp,

Inc.

\*

(Banks)

2,893

Peoples

Financial

Services

Corp.

(Banks)

1,280

Perdoceo

Education

Corp.

(Diversified

Consumer

Services)

6,065

Perella

Weinberg

Partners

(Capital

Markets)

2,996

Perimeter

Solutions

SA

\*

(Chemicals)

8,596

Perma-Fix

Environmental

Services,

Inc.

\*

(Commercial

Services

&

Supplies)

Perpetua

Resources

Corp.

\*

(Metals

&

Mining)

6,158

Personalis,

Inc.

\*

(Health

Care

Facilities

&

Services)

809

Perspective

Therapeutics,

Inc.

\*

(Biotechnology)

655

Petco

Health

&

Wellness

Co.,

Inc.

\*

(Specialty

Retail)

612

Phathom

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

1,300

Phibro

Animal

Health

Corp.

-

Class

A

(Pharmaceuticals)

2,876

Phillips

Edison

&

Co.,

Inc.

(Retail

REITs)

11,936

Phinia,

Inc.

(Automobile

Components)

6,570

Phoenix

Education

Partners,

Inc.

\*

(Diversified

Consumer

Services)

Photronics,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

5,819

Phreesia,

Inc.

\*

(Health

Care

Technology)

1,232

Picard

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Piedmont

Office

Realty

Trust,

Inc.

-

Class

A

(Office

REITs)

2,063

Pioneer

Bancorp,

Inc.

\*

(Banks)

Common

Stocks,

continued

Shares

Value

Piper

Sandler

Cos

(Institutional

Financial

Services)

$

13,549

Pitney

Bowes,

Inc.

(Commercial

Services

&

Supplies)

4,508

PJT

Partners,

Inc.

-

Class

A

(Capital

Markets)

8,104

Planet

Labs

PBC

\*

-

Class

A

(Professional

Services)

685

19,145

Playstudios,

Inc.

\*

(Entertainment)

Playtika

Holding,

Corp.

\*

(Entertainment

Content)

Plexus

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

13,570

Plug

Power,

Inc.

\*

(Electrical

Equipment)

3,348

7,566

Plumas

Bancorp

\*

(Banks)

781

Polaris,

Inc.

(Leisure

Products)

7,358

Ponce

Financial

Group,

Inc.

\*

(Banks)

836

Porch

Group,

Inc.

\*

(Software)

1,585

Portillo's,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

894

Portland

General

Electric

Co.

(Electric

Utilities)

15,092

Postal

Realty

Trust,

Inc.

-

Class

A

(Office

REITs)

1,169

Powell

Industries,

Inc.

(Electrical

Equipment)

12,986

Power

Integrations,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

7,168

Power

Solutions

International,

Inc.

\*

(Machinery)

1,339

Powerfleet,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

967

PRA

Group,

Inc.

\*

(Consumer

Finance)

1,715

Prairie

Operating

Co.

\*

(Software)

Praxis

Precision

Medicines,

Inc.

\*

(Biotechnology)

20,941

Precigen,

Inc.

\*

(Biotechnology)

1,765

Preferred

Bank

(Banks)

2,721

Preformed

Line

Products

Co.

\*

(Electrical

Equipment)

1,895

Prestige

Consumer

Healthcare,

Inc.

\*

(Pharmaceuticals)

7,172

PriceSmart,

Inc.

(Consumer

Staples

Distribution

&

Retail)

9,782

Prime

Medicine,

Inc.

\*

(Biotechnology)

905

PrimeEnergy

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

Primis

Financial

Corp.

(Banks)

704

Primoris

Services

Corp.

(Construction

&

Engineering)

19,596

Princeton

Bancorp,

Inc.

(Banks)

Priority

Technology

Holdings,

Inc.

\*

(Financial

Services)

Privia

Health

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

6,048

ProAssurance

Corp.

(Insurance)

3,189

PROCEPT

BioRobotics

Corp.

\*

(Health

Care

Equipment

&

Supplies)

3,376

Pro-Dex,

Inc.

\*

(Medical

Equipment

&

Devices)

Proficient

Auto

Logistics,

Inc.

\*

(Ground

Transportation)

ProFrac

Holding

Corp.

\*

-

Class

A

(Energy

Equipment

&

Services)

PROG

Holdings,

Inc.

\*

(Consumer

Finance)

2,840

Progress

Software

Corp.

(Software)

2,719

Progyny,

Inc.

\*

(Health

Care

Providers

&

Services)

3,226

ProPetro

Holding

Corp.

\*

(Energy

Equipment

&

Services)

3,574

Protagonist

Therapeutics,

Inc.

\*

(Biotechnology)

15,493

Protalix

BioTherapeutics,

Inc.

\*

(Biotech

&

Pharma)

Protara

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

677

Prothena

Corp.

PLC

\*

(Biotechnology)

1,079

Proto

Labs,

Inc.

\*

(Machinery)

3,421

Provident

Financial

Services,

Inc.

(Banks)

6,898

PTC

Therapeutics,

Inc.

\*

(Biotechnology)

13,558

Public

Policy

Holding

Company,

Inc.

\*

(Commercial

Support

Services)

PubMatic,

Inc.

\*

-

Class

A

(Media)

793

Pulmonx

Corp.

\*

(Health

Care

Equipment

&

Supplies)

Pulse

Biosciences,

Inc.

\*(a)

(Health

Care

Equipment

&

Supplies)

972

Puma

Biotechnology,

Inc.

\*

(Biotechnology)

697

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Small-Cap

Common

Stocks,

continued

Shares

Value

Pure

Cycle

Corp.

\*

(Water

Utilities)

$

533

PureCycle

Technologies,

Inc.

\*(a)

(Chemicals)

1,702

Q2

Holdings,

Inc.

\*

(Software)

7,426

QCR

Holdings,

Inc.

(Banks)

3,503

Quad/Graphics,

Inc.

(Commercial

Services

&

Supplies)

Quaker

Chemical

Corp.

(Chemicals)

4,348

Qualys,

Inc.

\*

(Software)

7,994

Quanex

Building

Products

Corp.

(Building

Products)

2,085

Quanterix

Corp.

\*

(Life

Sciences

Tools

&

Services)

Quantum

Computing,

Inc.

\*(a)

(Software)

510

3,493

Quantum-Si,

Inc.

\*

(Life

Sciences

Tools

&

Services)

QuidelOrtho

Corp.

\*

(Health

Care

Equipment

&

Supplies)

2,810

QuinStreet,

Inc.

\*

(Interactive

Media

&

Services)

1,657

Rackspace

Technology,

Inc.

\*

(IT

Services)

Radian

Group,

Inc.

(Financial

Services)

11,346

Radiant

Logistics,

Inc.

\*

(Air

Freight

&

Logistics)

649

RadNet,

Inc.

\*

(Health

Care

Providers

&

Services)

9,669

Ramaco

Resources,

Inc.

-

Class

A

(Metals

&

Mining)

1,623

Rambus,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

23,486

Ranger

Bermuda

Topco

Ltd.

\*

(Insurance)

Ranger

Energy

Services,

Inc.

\*

(Energy

Equipment

&

Services)

943

Ranpak

Holdings

Corp.

\*

(Containers

&

Packaging)

Rapid7,

Inc.

\*

(Software)

909

Rapport

Therapeutics,

Inc.

\*

(Pharmaceuticals)

2,315

Rayonier

Advanced

Materials,

Inc.

\*

(Chemicals)

1,804

RBB

Bancorp

(Banks)

876

RCI

Hospitality

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

RCM

Technologies,

Inc.

(Technology

Services)

RE/MAX

Holdings,

Inc.

\*

-

Class

A

(Real

Estate

Management

&

Development)

Ready

Capital

Corp.

(Mortgage

REITs)

599

Recursion

Pharmaceuticals,

Inc.

\*(a)

-

Class

A

(Biotechnology)

1,158

3,555

Red

Cat

Holdings,

Inc.

\*(a)

(Aerospace

&

Defense)

3,430

Red

River

Bancshares,

Inc.

\*

(Banks)

1,176

Red

Rock

Resorts,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

6,563

Red

Violet,

Inc.

\*

(Software)

1,003

Redwire

Corp.

\*

(Aerospace

&

Defense)

2,278

Redwood

Trust,

Inc.

(Mortgage

REITs)

1,795

REGENXBIO,

Inc.

\*

(Biotechnology)

997

Regional

Management

Corp.

\*

(Consumer

Finance)

742

Relay

Therapeutics,

Inc.

\*

(Biotechnology)

3,542

Remitly

Global,

Inc.

\*

(Financial

Services)

6,785

Renasant

Corp.

(Banks)

8,599

Repay

Holdings

Corp.

\*

(Financial

Services)

Replimune

Group,

Inc.

\*

(Biotechnology)

1,385

ReposiTrak,

Inc.

(Software)

Republic

Bancorp,

Inc.

\*

-

Class

A

(Banks)

1,482

Reservoir

Media,

Inc.

\*

(Entertainment)

Resideo

Technologies,

Inc.

\*

(Building

Products)

11,023

Resolute

Holdings

Management,

Inc.

\*

(Asset

Management)

1,785

Resources

Connection,

Inc.

(Professional

Services)

Revolve

Group,

Inc.

\*

(Specialty

Retail)

2,306

REX

American

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

3,327

Rezolute,

Inc.

\*

(Biotechnology)

558

Rezolve

AI

PLC

\*(a)

(Software)

561

1,436

RGC

Resources,

Inc.

(Gas

Utilities)

Rhinebeck

Bancorp,

Inc.

\*

(Banking)

Rhythm

Pharmaceuticals,

Inc.

\*

(Biotechnology)

11,654

Common

Stocks,

continued

Shares

Value

Ribbon

Communications,

Inc.

\*

(Communications

Equipment)

$

502

Richardson

Electronics,

Ltd.

\*

(Electronic

Equipment,

Instruments

&

Components)

Richmond

Mutual

BanCorp,

Inc.

(Banking)

Richtech

Robotics,

Inc.

\*

(Machinery)

895

Rigel

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,217

Rigetti

Computing,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

826

11,597

Riley

Exploration

Permian,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,349

Rimini

Street,

Inc.

\*

(Software)

Riot

Platforms,

Inc.

\*

(Software)

882

10,902

Rithm

Property

Trust,

Inc.

(Mortgage

REITs)

Riverview

Bancorp,

Inc.

\*

(Banking)

RLJ

Lodging

Trust

(Hotel

&

Resort

REITs)

2,330

Rocket

Pharmaceuticals,

Inc.

\*

(Biotechnology)

766

Rocky

Brands,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

697

Rogers

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

4,937

Root,

Inc.

\*

-

Class

A

(Insurance)

1,369

RPC,

Inc.

(Energy

Equipment

&

Services)

1,600

Rumble,

Inc.

\*(a)

(Internet

Media

&

Services)

1,377

Rush

Enterprises,

Inc.

-

Class

A

(Trading

Companies

&

Distributors)

10,181

Rush

Enterprises,

Inc.

-

Class

B

(Trading

Companies

&

Distributors)

1,416

Rush

Street

Interactive,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

5,024

RXO,

Inc.

\*

(Ground

Transportation)

6,010

RxSight,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

610

Ryerson

Holding

Corp.

(Metals

&

Mining)

2,495

Ryman

Hospitality

Properties,

Inc.

(Hotel

&

Resort

REITs)

14,393

S&T

Bancorp,

Inc.

\*

(Banks)

3,932

Sable

Offshore

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

5,204

Sabra

Health

Care

REIT,

Inc.

(Health

Care

REITs)

630

12,115

Sabre

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

937

1,359

Safe

Builders,

Inc.

(Marine

Transportation)

823

Safehold,

Inc.

(Specialized

REITs)

1,921

Safety

Insurance

Group,

Inc.

(Insurance)

2,688

Sally

Beauty

Holdings,

Inc.

\*

(Specialty

Retail)

3,476

Sana

Biotechnology,

Inc.

\*

(Biotechnology)

1,221

Sanara

Medtech,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

SandRidge

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,305

Sanmina

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

17,501

SANUWAVE

Health,

Inc.

\*

(Medical

Equipment

&

Devices)

Satellogic,

Inc.

\*

(Telecommunications)

1,142

Saul

Centers,

Inc.

(Retail

REITs)

1,010

Savara,

Inc.

\*

(Biotechnology)

2,020

Savers

Value

Village,

Inc.

\*

(Broadline

Retail)

722

SB

Financial

Group,

Inc.

\*

(Banking)

SBC

Medical

Group

Holdings,

Inc.

\*

(Health

Care

Facilities

&

Services)

ScanSource,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,997

Scholar

Rock

Holding

Corp.

\*

(Biotechnology)

10,864

Scholastic

Corp.

(a) (Media)

2,031

Schrodinger,

Inc.

\*

(Health

Care

Technology)

1,613

Scilex

Holding

Co.

\*

(Biotech

&

Pharma)

Scorpio

Tankers,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

8,511

Seacoast

Banking

Corp.

of

Florida

(Banks)

7,451

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Small-Cap

Common

Stocks,

continued

Shares

Value

SEACOR

Marine

Holdings,

Inc.

\*

(Energy

Equipment

&

Services)

$

Seadrill,

Ltd.

\*

(Energy

Equipment

&

Services)

7,235

Seaport

Entertainment

Group,

Inc.

\*

(Real

Estate

Owners

&

Developers)

SeaWorld

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

2,254

Security

National

Financial

Corp.

\*

-

Class

A

(Specialty

Finance)

Select

Energy

Services,

Inc.

-

Class

A

(Energy

Equipment

&

Services)

3,657

Select

Medical

Holdings

Corp.

(Health

Care

Providers

&

Services)

4,431

Selective

Insurance

Group,

Inc.

(Insurance)

11,460

Selectquote,

Inc.

\*

(Insurance)

SELLAS

Life

Sciences

Group,

Inc.

\*(a)

(Biotech

&

Pharma)

1,836

SEMrush

Holdings,

Inc.

\*

(Software)

1,421

Semtech

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

18,069

Seneca

Foods

Corp.

\*

-

Class

A

(Food

Products)

1,813

Sensient

Technologies

Corp.

(Chemicals)

9,249

Septerna,

Inc.

\*

(Pharmaceuticals)

1,298

Serve

Robotics,

Inc.

\*(a)

(Internet

Media

&

Services)

1,401

Service

Properties

Trust

(Hotel

&

Resort

REITs)

538

ServisFirst

Bancshares,

Inc.

(Banks)

9,468

Seven

Hills

Realty

Trust

(Mortgage

REITs)

Sezzle,

Inc.

\*

(Financial

Services)

2,595

SFL

Corp.,

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

3,313

Shake

Shack,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

8,670

Shenandoah

Telecommunications

Co.

(Diversified

Telecommunication

Services)

1,974

Shoals

Technologies

Group,

Inc.

\*

-

Class

A

(Electrical

Equipment)

2,797

Shoe

Carnival,

Inc.

(Specialty

Retail)

717

Shore

Bancshares,

Inc.

(Banks)

1,457

Shoulder

Innovations,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Shutterstock,

Inc.

\*(a)

(Interactive

Media

&

Services)

1,030

SI-BONE,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,225

Siebert

Financial

Corp.

\*

(Asset

Management)

Sierra

Bancorp

(Banks)

1,052

SIGA

Technologies,

Inc.

\*

(Pharmaceuticals)

556

Sight

Sciences,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Signet

Jewelers,

Ltd.

(Specialty

Retail)

8,464

Sila

Realty

Trust,

Inc.

(Health

Care

REITs)

3,339

Silicon

Laboratories,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

17,068

Silvaco

Group,

Inc.

\*

(Software)

Silvercrest

Asset

Management

Group,

Inc.

-

Class

A

(Capital

Markets)

Simmons

First

National

Corp.

-

Class

A

(Banks)

7,099

Simulations

Plus,

Inc.

(Health

Care

Technology)

Sinclair,

Inc.

\*

(Media)

1,268

Sionna

Therapeutics,

Inc.

\*

(Biotechnology)

1,644

SiriusPoint,

Ltd.

\*

(Insurance)

5,579

SITE

Centers

Corp.

(Retail

REITs)

686

SiTime

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

19,685

Six

Flags

Entertainment

Corp.

(Hotels,

Restaurants

&

Leisure)

4,313

Skillsoft

Corp.

\*

(Software)

Common

Stocks,

continued

Shares

Value

Sky

Harbour

Group

Corp.

\*

(Transportation

Infrastructure)

$

520

Skyward

Specialty

Insurance

Group,

Inc.

\*

(Insurance)

4,324

SkyWater

Technology,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,467

SkyWest,

Inc.

\*

(Passenger

Airlines)

9,367

SKYX

Platforms

Corp.

\*

(Electrical

Equipment)

SL

Green

Realty

Corp.

(Office

REITs)

6,723

Sleep

Number

Corp.

\*

(Specialty

Retail)

Slide

Insurance

Holdings,

Inc.

\*

(Insurance)

3,222

SM

Energy

Co.

(Oil,

Gas

&

Consumable

Fuels)

630

19,643

SmartFinancial,

Inc.

\*

(Banks)

1,485

Smartstop

Self

Storage

REIT,

Inc.

(REITS

&

Real

Estate

Management)

4,269

Smith

&

Wesson

Brands,

Inc.

(Leisure

Products)

1,605

Smith-Midland

Corp.

\*

(Construction

Materials)

Solaris

Energy

Infrastructure,

Inc.

-

Class

A

(Energy

Equipment

&

Services)

6,612

Soleno

Therapeutics,

Inc.

\*

(Biotechnology)

4,252

Solesence,

Inc.

\*

(Household

Products)

Solid

Biosciences,

Inc.

\*

(Biotechnology)

1,073

Solid

Power,

Inc.

\*

(Automobile

Components)

1,335

Sonic

Automotive,

Inc.

-

Class

A

(Specialty

Retail)

2,606

Sonida

Senior

Living,

Inc.

\*

(Health

Care

Providers

&

Services)

Sonos,

Inc.

\*

(Household

Durables)

4,047

Sound

Financial

Bancorp,

Inc.

\*

(Banking)

SoundHound

AI,

Inc.

\*(a)

-

Class

A

(Software)

979

6,726

SoundThinking,

Inc.

\*

(Software)

South

Plains

Financial,

Inc.

(Banks)

1,299

Southern

California

BanCorp

(Banks)

1,010

Southern

First

Bancshares,

Inc.

\*

(Banks)

1,090

Southern

Missouri

Bancorp,

Inc.

(Banks)

1,535

Southland

Holdings,

Inc.

\*

(Construction

&

Engineering)

Southside

Bancshares,

Inc.

(Banks)

2,270

Southwest

Gas

Holdings,

Inc.

(Gas

Utilities)

15,120

Spectrum

Brands

Holdings,

Inc.

(Household

Products)

4,201

Sphere

Entertainment

Co.

\*

(Entertainment)

8,100

Spire

Global,

Inc.

\*

(Professional

Services)

931

Spire,

Inc.

(Gas

Utilities)

13,400

Spok

Holdings,

Inc.

(Wireless

Telecommunication

Services)

556

Sprinklr,

Inc.

\*

-

Class

A

(Software)

1,740

Sprout

Social,

Inc.

\*

-

Class

A

(Software)

764

SPS

Commerce,

Inc.

\*

(Software)

5,344

SPX

Technologies,

Inc.

\*

(Machinery)

24,394

Spyre

Therapeutics,

Inc.

\*

(Biotechnology)

8,777

SR

Bancorp,

Inc.

(Banking)

SSR

Mining,

Inc.

(Metals

&

Mining)

515

15,141

STAAR

Surgical

Co.

\*

(Health

Care

Equipment

&

Supplies)

1,627

Stagwell,

Inc.

(Media)

1,730

Standard

BioTools,

Inc.

\*

(Life

Sciences

Tools

&

Services)

727

668

Standard

Motor

Products,

Inc.

(Automobile

Components)

1,841

Standex

International

Corp.

(Machinery)

7,646

Starz

Entertainment

Corp.

\*

(Entertainment)

Stellar

Bancorp,

Inc.

(Banks)

4,283

Stepan

Co.

(Chemicals)

2,699

StepStone

Group,

Inc.

-

Class

A

(Capital

Markets)

8,399

Stereotaxis,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Sterling

Infrastructure,

Inc.

\*

(Construction

&

Engineering)

30,544

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Small-Cap

Common

Stocks,

continued

Shares

Value

Steven

Madden,

Ltd.

\*

(Textiles,

Apparel

&

Luxury

Goods)

$

6,140

Stewart

Information

Services

Corp.

(Insurance)

4,680

Stitch

Fix,

Inc.

\*

-

Class

A

(Specialty

Retail)

937

Stock

Yards

Bancorp,

Inc.

(Banks)

4,375

Stoke

Therapeutics,

Inc.

\*

(Biotechnology)

4,037

StoneCo,

Ltd.

\*

(Financial

Services)

635

8,966

StoneX

Group,

Inc.

\*

(Capital

Markets)

15,000

Strata

Critical

Medical,

Inc.

\*

-

Class

A

(Passenger

Airlines)

732

Strategic

Education,

Inc.

(Diversified

Consumer

Services)

4,812

Strattec

Security

Corporation

(Automobile

Components)

783

Stratus

Properties,

Inc.

\*

(Real

Estate

Management

&

Development)

519

Strawberry

Fields

REIT,

Inc.

(Health

Care

REITs)

Stride,

Inc.

\*

(Diversified

Consumer

Services)

9,346

Strive,

Inc.

\*

(Capital

Markets)

1,323

Sturm

Ruger

&

Co.,

Inc.

(Leisure

Products)

1,403

Summit

Hotel

Properties,

Inc.

(Hotel

&

Resort

REITs)

1,189

Summit

Midstream

Corp.

\*

(Oil

&

Gas

Producers)

665

Sun

Country

Airlines

Holdings,

Inc.

\*

(Passenger

Airlines)

2,131

SunCoke

Energy,

Inc.

(Metals

&

Mining)

1,400

SunOpta,

Inc.

\*

(Food

Products)

1,568

Sunrise

Realty

Trust,

Inc.

(Mortgage

REITs)

Sunrun,

Inc.

\*

(Electrical

Equipment)

574

7,783

Sunstone

Hotel

Investors,

Inc.

(Hotel

&

Resort

REITs)

4,145

Super

Group

SGHC,

Ltd.

(Hotels,

Restaurants

&

Leisure)

4,352

Superior

Group

of

Cos.,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

Supernus

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

7,237

Surgery

Partners,

Inc.

\*

(Health

Care

Providers

&

Services)

2,324

Sweetgreen,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

1,360

SWK

Holdings

Corp.

\*

(Financial

Services)

Sylvamo

Corp.

(Paper

&

Forest

Products)

3,548

Synaptics,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

6,864

Syndax

Pharmaceuticals,

Inc.

\*

(Biotechnology)

5,092

T1

Energy,

Inc.

\*

(Electrical

Equipment)

514

2,256

Tactile

Systems

Technology,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,463

Talkspace,

Inc.

\*

(Health

Care

Providers

&

Services)

1,868

Talos

Energy,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

5,059

Tandem

Diabetes

Care,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

3,278

Tanger,

Inc.

(Retail

REITs)

9,752

Tango

Therapeutics,

Inc.

\*

(Biotechnology)

5,879

Target

Hospitality

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

752

Tarsus

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

7,015

Taylor

Morrison

Home

Corp.

\*

(Household

Durables)

14,152

Taysha

Gene

Therapies,

Inc.

\*

(Biotechnology)

558

2,494

Teads

Holding

Company

\*

(Interactive

Media

&

Services)

TechTarget,

Inc.

\*

(Media)

Tecnoglass,

Inc.

(Building

Products)

3,074

Tectonic

Therapeutic,

Inc.

\*

(Biotech

&

Pharma)

865

Teekay

Corp.

\*

(Transportation

&

Logistics)

1,648

Teekay

Tankers,

Ltd.

-

Class

A

(Transportation

&

Logistics)

4,473

Tejon

Ranch

Co.

\*

(Real

Estate

Management

&

Development)

999

Teladoc

Health,

Inc.

\*

(Health

Care

Technology)

2,453

Common

Stocks,

continued

Shares

Value

Telephone

and

Data

Systems,

Inc.

(Wireless

Telecommunication

Services)

$

10,609

Telos

Corp.

\*

(Software)

541

Tenable

Holdings,

Inc.

\*

(Software)

5,075

Tennant

Co.

(Machinery)

3,054

Terawulf,

Inc.

\*

(Software)

783

11,299

Terex

Corp.

(Machinery)

16,725

Terns

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

12,758

Terreno

Realty

Corp.

(Industrial

REITs)

15,908

TETRA

Technologies,

Inc.

\*

(Energy

Equipment

&

Services)

2,735

Tevogen

Bio

Holdings,

Inc.

\*

(Biotechnology)

Texas

Capital

Bancshares,

Inc.

\*

(Banks)

10,532

TG

Therapeutics,

Inc.

\*

(Biotechnology)

12,192

The

Andersons,

Inc.

(Consumer

Staples

Distribution

&

Retail)

5,886

The

Arena

Group

Holdings,

Inc.

\*

(Advertising

&

Marketing)

The

Baldwin

Insurance

Group,

Inc.

\*

(Insurance)

5,309

The

Bancorp,

Inc.

\*

(Banks)

5,695

The

Bank

of

NT

Butterfield

&

Son,

Ltd.

(Banks)

5,510

The

Beauty

Health

Co.

\*

(Personal

Care

Products)

The

Brink's

Co.

(Commercial

Services

&

Supplies)

10,881

The

Buckle,

Inc.

(Specialty

Retail)

4,029

The

Cheesecake

Factory,

Inc.

(Hotels,

Restaurants

&

Leisure)

6,406

The

Chefs'

Warehouse,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

5,469

The

Chemours

Co.

(Chemicals)

8,393

The

E.W.

Scripps

Co.

\*

-

Class

A

(Media)

618

The

Eastern

Co.

(Machinery)

The

Ensign

Group,

Inc.

(Health

Care

Providers

&

Services)

28,613

The

First

Bancorp,

Inc.

(Banks)

757

The

GEO

Group,

Inc.

(Commercial

Services

&

Supplies)

5,665

The

Goodyear

Tire

&

Rubber

Co.

\*

(Automobile

Components)

698

4,628

The

Gorman-Rupp

Co.

(Machinery)

3,293

The

Greenbrier

Cos.,

Inc.

(Machinery)

4,001

The

Hackett

Group,

Inc.

(IT

Services)

807

The

Hain

Celestial

Group,

Inc.

\*

(Food

Products)

The

Honest

Co.,

Inc.

\*

(Personal

Care

Products)

703

The

Joint

Corp.

\*

(Health

Care

Providers

&

Services)

The

Lovesac

Co.

\*

(Household

Durables)

502

The

Macerich

Co.

(Retail

REITs)

651

12,303

The

Manitowoc

Co.,

Inc.

(Machinery)

1,014

The

Marcus

Corp.

(Entertainment)

996

The

Oncology

Institute,

Inc.

\*

(Health

Care

Facilities

&

Services)

620

The

Pennant

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

2,621

The

Real

Brokerage,

Inc.

\*

(Real

Estate

Management

&

Development)

893

The

RealReal,

Inc.

\*

(Specialty

Retail)

2,443

The

RMR

Group,

Inc.

-

Class

A

(Real

Estate

Management

&

Development)

619

The

Simply

Good

Foods

Co.

\*

(Food

Products)

3,114

The

St.

Joe

Co.

\*

(Real

Estate

Management

&

Development)

6,029

The

Vita

Coco

Co.,

Inc.

\*

(Beverages)

5,749

The

York

Water

Co.

\*

(Water

Utilities)

1,096

Theravance

Biopharma,

Inc.

\*

(Pharmaceuticals)

1,574

Thermon

Group

Holdings,

Inc.

\*

(Electrical

Equipment)

4,133

Third

Coast

Bancshares,

Inc.

\*

(Banks)

1,248

ThredUp,

Inc.

\*

-

Class

A

(Specialty

Retail)

830

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Small-Cap

Common

Stocks,

continued

Shares

Value

Thryv

Holdings,

Inc.

\*

(Media)

$

Tidewater,

Inc.

\*

(Energy

Equipment

&

Services)

10,360

Timberland

Bancorp,

Inc.

(Banks)

749

TimkenSteel

Corp.

(Metals

&

Mining)

1,503

Tiptree,

Inc.

(Insurance)

998

Titan

America

SA

(Construction

Materials)

914

Titan

International,

Inc.

\*

(Machinery)

850

Titan

Machinery,

Inc.

\*

(Trading

Companies

&

Distributors)

886

Tompkins

Financial

Corp.

(Banks)

2,681

Tonix

Pharmaceuticals

Holding

Corp.

\*

(Biotech

&

Pharma)

Tootsie

Roll

Industries,

Inc.

(Food

Products)

2,024

Torrid

Holdings,

Inc.

\*

(Specialty

Retail)

TowneBank

(Banks)

7,306

TPG

RE

Finance

Trust,

Inc.

(Mortgage

REITs)

1,414

Traeger,

Inc.

\*

(Home

&

Office

Products)

Transcat,

Inc.

\*

(Trading

Companies

&

Distributors)

1,689

Transcontinental

Realty

Investors,

Inc.

\*

(Real

Estate

Management

&

Development)

TransMedics

Group,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

8,450

Transocean,

Ltd.

(Energy

Equipment

&

Services)

2,349

15,573

Travelzoo

\*

(Internet

Media

&

Services)

Travere

Therapeutics,

Inc.

\*

(Biotechnology)

6,180

Treace

Medical

Concepts,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Tredegar

Corp.

\*

(Metals

&

Mining)

533

Trevi

Therapeutics,

Inc.

\*

(Pharmaceuticals)

2,887

Tri

Pointe

Homes,

Inc.

\*

(Household

Durables)

10,000

TriCompany

Bancshares

(Banks)

3,661

TriMas

Corp.

(Containers

&

Packaging)

2,911

TriNet

Group,

Inc.

(Professional

Services)

2,769

Trinity

Industries,

Inc.

(Machinery)

6,533

TripAdvisor,

Inc.

\*

(Interactive

Media

&

Services)

3,081

TriSalus

Life

Sciences,

Inc.

\*

(Biotech

&

Pharma)

Triumph

Financial,

Inc.

\*

(Banks)

3,401

Tronox

Holdings

PLC

-

Class

A

(Chemicals)

2,951

TruBridge,

Inc.

\*

(Software)

TrueBlue,

Inc.

\*

(Professional

Services)

Trupanion,

Inc.

\*

(Insurance)

2,407

TrustCo

Bank

Corp.

(Banks)

1,970

Trustmark

Corp.

(Banks)

5,857

TSS,

Inc.

\*

(Engineering

&

Construction)

729

TTEC

Holdings,

Inc.

(Professional

Services)

TTM

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

25,232

Tucows,

Inc.

\*

-

Class

A

(IT

Services)

TuHURA

Biosciences,

Inc.

\*(a)

(Biotech

&

Pharma)

Turning

Point

Brands,

Inc.

(Tobacco)

3,992

Turtle

Beach

Corp.

\*

(Technology

Hardware,

Storage

&

Peripherals)

Tutor

Perini

Corp.

(Construction

&

Engineering)

8,722

Tvardi

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

Twist

Bioscience

Corp.

\*

(Biotechnology)

7,271

Two

Harbors

Investment

Corp.

(Mortgage

REITs)

3,015

TXNM

Energy,

Inc.

(Electric

Utilities)

14,907

Tyra

Biosciences,

Inc.

\*

(Biotechnology)

2,490

U.S.

Physical

Therapy,

Inc.

(Health

Care

Providers

&

Services)

2,848

Udemy,

Inc.

\*

(Diversified

Consumer

Services)

1,100

UFP

Industries,

Inc.

(Building

Products)

13,542

UFP

Technologies,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

3,678

Common

Stocks,

continued

Shares

Value

Ultra

Clean

Holdings,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

$

7,026

UMB

Financial

Corp.

(Banks)

20,754

UMH

Properties,

Inc.

(Residential

REITs)

2,929

UniFirst

Corp.

(Commercial

Services

&

Supplies)

9,309

Union

Bankshares,

Inc.

(Banking)

Unisys

Corp.

\*

(IT

Services)

United

Bankshares,

Inc.

(Banks)

14,663

United

Community

Banks,

Inc.

(Banks)

9,762

United

Fire

Group,

Inc.

(Insurance)

1,964

United

Natural

Foods,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

6,849

United

States

Antimony

Corp.

\*(a)

(Metals

&

Mining)

2,628

United

States

Lime

&

Minerals,

Inc.

(Construction

Materials)

3,526

Uniti

Group,

Inc.

\*

(Specialized

REITs)

3,968

Unitil

Corp.

(Multi-Utilities)

2,351

Unity

Bancorp,

Inc.

(Banks)

985

Universal

Corp.

(Tobacco)

3,215

Universal

Health

Realty

Income

Trust

(Health

Care

REITs)

1,336

Universal

Insurance

Holdings,

Inc.

(Insurance)

2,186

Universal

Logistics

Holdings,

Inc.

(Ground

Transportation)

Universal

Technical

Institute,

Inc.

\*

(Diversified

Consumer

Services)

4,296

Univest

Financial

Corp.

(Banks)

2,432

Upbound

Group,

Inc.

(Specialty

Retail)

2,401

Upstart

Holdings,

Inc.

\*

(Consumer

Finance)

5,592

Upstream

Bio,

Inc.

\*

(Biotechnology)

747

Upwork,

Inc.

\*

(Professional

Services)

3,409

Uranium

Energy

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,207

16,295

Urban

Edge

Properties

(Retail

REITs)

6,434

Urban

Outfitters,

Inc.

\*

(Specialty

Retail)

10,452

UroGen

Pharma,

Ltd.

\*

(Biotechnology)

1,834

US

Gold

Corp.

\*

(Metals

&

Mining)

516

US

Goldmining,

Inc.

\*

(Metals

&

Mining)

USA

Rare

Earth,

Inc.

\*

(Metals

&

Mining)

7,053

USANA

Health

Sciences,

Inc.

\*

(Personal

Care

Products)

USCB

Financial

Holdings,

Inc.

(Banks)

556

Utah

Medical

Products,

Inc.

(Health

Care

Equipment

&

Supplies)

Utz

Brands,

Inc.

(Food

Products)

1,473

V2X,

Inc.

\*

(Aerospace

&

Defense)

4,590

VAALCO

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,661

Valaris,

Ltd.

\*

(Energy

Equipment

&

Services)

15,490

Valhi,

Inc.

(Chemicals)

Valley

National

Bancorp

(Banks)

1,226

15,056

Value

Line,

Inc.

(Capital

Markets)

Vanda

Pharmaceuticals,

Inc.

\*

(Biotechnology)

974

Varex

Imaging

Corp.

\*

(Health

Care

Equipment

&

Supplies)

1,125

Varonis

Systems,

Inc.

\*

(Software)

6,312

Vaxcyte,

Inc.

\*

(Biotechnology)

18,246

Veeco

Instruments,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

5,079

Velocity

Financial,

Inc.

\*

(Financial

Services)

525

Vera

Therapeutics,

Inc.

\*

(Biotechnology)

6,276

Veracyte,

Inc.

\*

(Biotechnology)

6,378

Verastem,

Inc.

\*

(Biotechnology)

896

Verde

Clean

Fuels,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

Vericel

Corp.

\*

(Biotechnology)

4,086

Verra

Mobility

Corp.

\*

(Professional

Services)

5,773

Vertex,

Inc.

\*

-

Class

A

(Software)

2,105

Vestis

Corp.

(Commercial

Services

&

Supplies)

1,824

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Small-Cap

Common

Stocks,

continued

Shares

Value

Via

Transportation,

Inc.

\*

(Software)

$

Viad

Corp.

\*

(Commercial

Services

&

Supplies)

1,978

Viant

Technology,

Inc.

\*

-

Class

A

(Software)

Viasat,

Inc.

\*

(Communications

Equipment)

14,290

Viavi

Solutions,

Inc.

\*

(Communications

Equipment)

583

19,403

Vicor

Corp.

\*

(Electrical

Equipment)

9,338

Victoria's

Secret

&

Co.

\*

(Specialty

Retail)

8,113

Victory

Capital

Holdings,

Inc.

-

Class

A

(Capital

Markets)

7,465

Viemed

Healthcare,

Inc.

\*

(Health

Care

Providers

&

Services)

783

Village

Super

Market,

Inc.

-

Class

A

(Consumer

Staples

Distribution

&

Retail)

971

Vir

Biotechnology,

Inc.

\*

(Biotechnology)

2,115

Virco

Mfg.

Corp.

\*

(Commercial

Services

&

Supplies)

Virginia

National

Bankshares

Corp.

(Banks)

Viridian

Therapeutics,

Inc.

\*

(Biotechnology)

4,029

Virtus

Investment

Partners,

Inc.

(Capital

Markets)

2,150

Vishay

Intertechnology,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

5,508

Vishay

Precision

Group,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,303

Vistance

Networks,

Inc.

\*

(Communications

Equipment)

552

10,046

Visteon

Corp.

(Automobile

Components)

6,287

Vital

Farms,

Inc.

\*

(Food

Products)

1,243

Vitesse

Energy,

Inc.

(a) (Oil,

Gas

&

Consumable

Fuels)

1,362

Vivid

Seats,

Inc.

\*

-

Class

A

(Entertainment)

Vox

Royalty

Corp.

(Metals

&

Mining)

786

Voyager

Technologies,

Inc.

\*

(Aerospace

&

Defense)

2,830

Voyager

Therapeutics,

Inc.

\*

(Biotechnology)

Vroom,

Inc.

\*

(Specialty

Finance)

VSE

Corp.

(Commercial

Services

&

Supplies)

12,539

VTEX

\*

(Software)

544

Vuzix

Corp.

\*(a)

(Technology

Hardware)

W&T

Offshore,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

856

Wabash

National

Corp.

\*

(Machinery)

862

WaFd,

Inc.

(Banks)

1,606

Waldencast

PLC

\*

-

Class

A

(Personal

Care

Products)

Walker

&

Dunlop,

Inc.

(Financial

Services)

3,684

Warby

Parker,

Inc.

\*

-

Class

A

(Specialty

Retail)

5,289

Warrior

Met

Coal,

Inc.

(Metals

&

Mining)

12,296

Washington

Federal,

Inc.

(Banks)

6,060

Waterstone

Financial,

Inc.

(Financial

Services)

685

Watts

Water

Technologies,

Inc.

-

Class

A

(Machinery)

20,030

WaVe

Life

Sciences,

Ltd.

\*

(Pharmaceuticals)

2,559

Waystar

Holding

Corp.

\*

(Health

Care

Technology)

6,703

Co.

(Household

Products)

6,934

Wealthfront

Corporation

\*

(Asset

Management)

823

Weave

Communications,

Inc.

\*

(Software)

772

WEBTOON

Entertainment,

Inc.

\*

(Interactive

Media

&

Services)

Webull

Corporation

\*

(Capital

Markets)

701

3,365

Weis

Markets,

Inc.

(Consumer

Staples

Distribution

&

Retail)

2,394

Werner

Enterprises,

Inc.

(Ground

Transportation)

4,323

WesBanco,

Inc.

(Banks)

8,243

West

Bancorp,

Inc.

\*

(Banks)

904

Westamerica

Bancorp

(Banks)

3,129

Western

New

England

Bancorp,

Inc.

(Banking)

595

Westrock

Coffee

Co.

\*

(Food

Products)

Westwood

Holdings

Group,

Inc.

\*

(Asset

Management)

Weyco

Group,

Inc.

(Distributors)

Whitefiber,

Inc.

\*

(IT

Services)

Whitestone

REIT

\*

(Retail

REITs)

1,841

Willdan

Group,

Inc.

\*

(Professional

Services)

2,756

Common

Stocks,

continued

Shares

Value

Willis

Lease

Finance

Corp.

\*

(Trading

Companies

&

Distributors)

$

1,192

Winmark

Corp.

(Specialty

Retail)

3,420

Winnebago

Industries,

Inc.

(Automobiles)

2,138

WisdomTree,

Inc.

(Capital

Markets)

4,557

WM

Technology,

Inc.

\*

(Software)

Wolverine

World

Wide,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

3,362

Workiva,

Inc.

\*

(Software)

7,633

World

Acceptance

Corp.

\*

(Consumer

Finance)

810

World

Kinect

Corp.

(Oil,

Gas

&

Consumable

Fuels)

3,161

Worthington

Enterprises,

Inc.

(Household

Durables)

4,171

Worthington

Steel,

Inc.

(Metals

&

Mining)

2,519

WSFS

Financial

Corp.

(Banks)

8,837

XCF

Global,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

Xencor,

Inc.

\*

(Biotechnology)

2,147

Xenia

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

3,559

Xenon

Pharmaceuticals,

Inc.

\*

(Biotech

&

Pharma)

12,677

Xeris

Biopharma

Holdings,

Inc.

\*

(Pharmaceuticals)

2,332

Xerox

Holdings

Corp.

(a) (Technology

Hardware,

Storage

&

Peripherals)

XOMA

Royalty

Corp.

\*

(Biotechnology)

784

Xometry,

Inc.

\*

-

Class

A

(Trading

Companies

&

Distributors)

4,533

XPEL,

Inc.

\*

(Automobile

Components)

2,833

Xperi,

Inc.

\*

(Software)

644

Xponential

Fitness,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

Yelp,

Inc.

\*

(Interactive

Media

&

Services)

3,686

Yext,

Inc.

\*

(Software)

983

York

Space

Systems,

Inc.

\*

(Aerospace

&

Defense)

998

Zenas

Biopharma,

Inc.

\*

(Biotechnology)

1,153

Zeta

Global

Holdings

Corp.

\*

-

Class

A

(Software)

532

8,469

Zevia

PBC

\*

-

Class

A

(Beverages)

Zevra

Therapeutics,

Inc.

\*

(Pharmaceuticals)

1,314

Ziff

Davis,

Inc.

\*

(Interactive

Media

&

Services)

4,154

ZipRecruiter,

Inc.

\*

(Interactive

Media

&

Services)

Zspace,

Inc.

\*

(Software)

Zumiez,

Inc.

\*

(Specialty

Retail)

731

Zurn

Elkay

Water

Solutions

Corp.

(Building

Products)

17,038

Zymeworks,

Inc.

\*

(Biotechnology)

3,155

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $4,762,208)

7,419,072

Rights

(0.0%)

Cartesian

Therapeutics,

Inc.

\*CVR

(Biotechnology)

–

Chinook

Therapeutics

\*CVR

(Biotechnology)

–

TOTAL

RIGHTS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$–)

–

Trust

(0.0%)

Interest

Units

Value

Ferroglobe

Representation

and

Warranty

Insurance

\*

(Metals

&

Mining)

$

–

TOTAL

TRUST

(Cost

$–)

–

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Small-Cap

Repurchase

Agreements

(b)(c) (36.1%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$4,292,419

$

4,292,000

$

4,292,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$4,292,000)

4,292,000

Collateral

for

Securities

Loaned

(d) (0.6%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 3.67%

(e) 76,308

76,308

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $76,308)

76,308

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$9,224,920)— 99.9%

11,881,784

Net

other

assets

(liabilities) —

0.1%

6,436

NET

ASSETS

—

100.0%

$

11,888,220

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

March

31,

2026. The

total

value

of

securities

on

loan

as

of

March

31,

2026

was

$77,779.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$600,000.

(c) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

(d) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

March

31,

2026. (e) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

March

31,

2026. CVR

Contingent

Value

Rights

REIT

Real

Estate

Investment

Trust

Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

CME

E-mini

Russell

2000

Index

Futures

6/22/26

$

502,440

$

986

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

Russell

2000

Index

Goldman

Sachs

International

4/27/26

4.19%

$

2,718,547

$

50,899

Russell

2000

Index

UBS

AG

4/27/26

4.34%

1,255,674

23,116

$3,974,221

$74,015

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

ProFund

VP

Small-Cap

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Advertising

&

Marketing

$

803

NM

Aerospace

&

Defense

138,454

1.2%

Air

Freight

&

Logistics

7,016

0.1%

Apparel

&

Textile

Products

1,806

NM

Asset

Management

6,792

0.1%

Automobile

Components

99,611

0.8%

Automobiles

2,186

NM

Automotive

9,289

0.1%

Banking

15,940

0.1%

Banks

709,532

6.0%

Beverages

8,628

0.1%

Biotech

&

Pharma

33,357

0.3%

Biotechnology

678,930

5.7%

Broadline

Retail

5,044

NM

Building

Products

86,136

0.7%

Cable

&

Satellite

859

NM

Value

%

of

Net

Assets

Capital

Markets

$

99,701

0.8%

Chemicals

126,809

1.1%

Commercial

Services

&

Supplies

122,371

1.0%

Commercial

Support

Services

2,316

NM

Communications

Equipment

88,895

0.7%

Construction

&

Engineering

207,268

1.7%

Construction

Materials

16,507

0.1%

Consumer

Finance

67,574

0.6%

Consumer

Staples

Distribution

&

Retail

39,523

0.3%

Containers

&

Packaging

15,987

0.1%

Distributors

5,173

NM

Diversified

Consumer

Services

83,889

0.7%

Diversified

Telecommunication

Services

29,800

0.3%

Electric

Utilities

67,918

0.6%

Electrical

Equipment

217,735

1.8%

Electronic

Equipment,

Instruments

&

Components

273,901

2.4%

Energy

Equipment

&

Services

191,164

1.6%

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Small-Cap

Value

%

of

Net

Assets

Engineering

&

Construction

$

2,391

NM

Entertainment

39,958

0.3%

Entertainment

Content

703

NM

Equity

REIT

-

Diversified

38,934

0.3%

Financial

Services

147,534

1.2%

Food

Products

45,502

0.3%

Forestry,

Paper

&

Wood

Products

780

NM

Gas

&

Water

Utilities

12,054

0.1%

Gas

Utilities

69,037

0.6%

Ground

Transportation

23,690

0.2%

Health

Care

Equipment

&

Supplies

162,948

1.4%

Health

Care

Facilities

&

Services

4,964

NM

Health

Care

Providers

&

Services

217,374

1.8%

Health

Care

REITs

79,033

0.7%

Health

Care

Technology

16,509

0.1%

Home

&

Office

Products

NM

Hotel

&

Resort

REITs

42,339

0.4%

Hotels,

Restaurants

&

Leisure

109,268

0.9%

Household

Durables

120,514

1.1%

Household

Products

20,227

0.2%

Independent

Power/Renewable

Electricity

Producers

17,431

0.1%

Industrial

REITs

27,014

0.2%

Institutional

Financial

Services

20,048

0.2%

Insurance

134,061

1.1%

Interactive

Media

&

Services

27,291

0.2%

Internet

Media

&

Services

4,195

NM

IT

Services

64,370

0.5%

Leisure

Facilities

&

Services

2,681

NM

Leisure

Products

31,674

0.3%

Life

Sciences

Tools

&

Services

20,029

0.2%

Machinery

281,378

2.4%

Marine

Transportation

19,123

0.2%

Media

64,152

0.6%

Medical

Equipment

&

Devices

13,746

0.1%

Metals

&

Mining

206,477

1.8%

Mortgage

REITs

61,924

0.5%

Multi-Utilities

34,233

0.3%

Office

REITs

31,634

0.3%

Oil

&

Gas

Producers

5,228

NM

Oil

&

Gas

Services

&

Equipment

5,414

NM

Oil,

Gas

&

Consumable

Fuels

285,509

2.5%

Paper

&

Forest

Products

4,109

NM

Passenger

Airlines

31,342

0.3%

Personal

Care

Products

14,865

0.1%

Pharmaceuticals

162,497

1.4%

Prime

Broker

Cash

94,404

0.8%

Professional

Services

98,659

0.8%

Real

Estate

Management

&

Development

42,383

0.3%

Real

Estate

Owners

&

Developers

508

NM

Real

Estate

Services

7,476

0.1%

Value

%

of

Net

Assets

REITS

&

Real

Estate

Management

$

4,269

NM

Renewable

Energy

6,159

0.1%

Residential

REITs

20,137

0.2%

Retail

-

Discretionary

776

NM

Retail

REITs

88,660

0.7%

Semiconductors

722

NM

Semiconductors

&

Semiconductor

Equipment

253,177

2.1%

Software

319,975

2.9%

Specialized

REITs

24,147

0.2%

Specialty

Finance

3,027

NM

Specialty

Retail

140,304

1.3%

Steel

581

NM

Technology

Hardware

5,153

NM

Technology

Hardware,

Storage

&

Peripherals

40,988

0.3%

Technology

Services

3,714

NM

Telecommunications

9,577

0.1%

Textiles,

Apparel

&

Luxury

Goods

36,905

0.3%

Tobacco

7,295

0.1%

Trading

Companies

&

Distributors

73,495

0.6%

Transportation

&

Logistics

7,532

0.1%

Transportation

Infrastructure

520

NM

Water

Utilities

25,441

0.2%

Wholesale

-

Discretionary

NM

Wireless

Telecommunication

Services

11,957

0.1%

Other

\*\*

4,374,744

36.8%

Total

$

11,888,220

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

NM

Not

meaningful,

amount

is

less

than

0.05%

REIT

Real

Estate

Investment

Trust

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Small-Cap

Growth

Common

Stocks

(99.8%)

Shares

Value

A10

Networks,

Inc.

(Software)

941

$

21,756

AAR

Corp.

\*

(Aerospace

&

Defense)

779

85,270

ACADIA

Pharmaceuticals,

Inc.

\*

(Biotechnology)

2,497

55,583

Acadian

Asset

Management,

Inc.

(Capital

Markets)

526

28,625

ACI

Worldwide,

Inc.

\*

(Software)

1,357

55,651

ACM

Research,

Inc.

\*

-

Class

A

(Semiconductors

&

Semiconductor

Equipment)

1,063

41,829

Acushnet

Holdings

Corp.

(Leisure

Products)

549

51,321

Adamas

Trust,

Inc.

(Mortgage

REITs)

1,674

12,321

Addus

HomeCare

Corp.

\*

(Health

Care

Providers

&

Services)

22,570

Adeia,

Inc.

(Software)

2,184

52,482

ADMA

Biologics,

Inc.

\*

(Biotechnology)

4,746

42,761

ADT,

Inc.

(Diversified

Consumer

Services)

3,342

21,957

Adtalem

Global

Education,

Inc.

\*

(Diversified

Consumer

Services)

688

79,292

Agilysys,

Inc.

\*

(Software)

508

36,139

Air

Lease

Corp.

(Trading

Companies

&

Distributors)

1,197

77,734

Alarm.com

Holdings,

Inc.

\*

(Software)

577

24,921

Alkermes

PLC

\*

(Biotechnology)

3,293

116,441

American

Eagle

Outfitters,

Inc.

(Specialty

Retail)

1,320

22,044

American

States

Water

Co.

(Water

Utilities)

501

37,885

Ameris

Bancorp

(Banks)

730

56,932

AMERISAFE,

Inc.

(Insurance)

5,799

Amneal

Pharmaceuticals,

Inc.

\*

(Biotech

&

Pharma)

2,030

25,233

Amphastar

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

7,170

ANI

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

27,684

Apellis

Pharmaceuticals,

Inc.

\*

(Biotechnology)

2,044

82,230

Archrock,

Inc.

(Energy

Equipment

&

Services)

3,497

121,696

Arcosa,

Inc.

(Construction

&

Engineering)

626

66,444

Arcus

Biosciences,

Inc.

\*

(Biotechnology)

1,064

22,982

Argan,

Inc.

(Construction

&

Engineering)

150,868

Arlo

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

2,113

30,068

ARMOUR

Residential

REIT,

Inc.

(Mortgage

REITs)

2,231

37,220

Armstrong

World

Industries,

Inc.

(Building

Products)

861

141,892

Artisan

Partners

Asset

Management,

Inc.

-

Class

A

(Capital

Markets)

759

27,620

Artivion,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

840

30,761

Assured

Guaranty,

Ltd.

(Insurance)

36,585

Astec

Industries,

Inc.

(Machinery)

11,845

Avista

Corp.

(Multi-Utilities)

763

30,627

Axcelis

Technologies,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

36,394

Axos

Financial,

Inc.

\*

(Banks)

1,130

96,151

Azenta,

Inc.

\*

(Life

Sciences

Tools

&

Services)

10,354

AZZ,

Inc.

(Building

Products)

595

74,452

Badger

Meter,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

587

89,429

Balchem

Corp.

(Chemicals)

64,402

BancFirst

Corp.

(Banks)

28,427

BankUnited,

Inc.

(Banks)

695

31,386

BGC

Group,

Inc.

-

Class

A

(Capital

Markets)

4,272

41,780

BioLife

Solutions,

Inc.

\*

(Life

Sciences

Tools

&

Services)

7,403

BJ's

Restaurants,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

6,669

BlackLine,

Inc.

\*

(Software)

997

36,889

Boot

Barn

Holdings,

Inc.

\*

(Specialty

Retail)

606

88,694

Box,

Inc.

\*

-

Class

A

(Software)

1,856

43,876

Brady

Corp.

-

Class

A

(Commercial

Services

&

Supplies)

871

70,760

BrightSpring

Health

Services,

Inc.

\*

(Health

Care

Providers

&

Services)

2,640

112,489

Brinker

International,

Inc.

(Hotels,

Restaurants

&

Leisure)

869

124,066

Cactus,

Inc.

-

Class

A

(Energy

Equipment

&

Services)

865

40,975

California

Water

Service

Group

(Water

Utilities)

570

25,844

Calix,

Inc.

\*

(Communications

Equipment)

1,202

58,886

Common

Stocks,

continued

Shares

Value

Callaway

Brands

Corp.

\*

(Leisure

Products)

1,783

$

24,748

Cal-Maine

Foods,

Inc.

(Food

Products)

894

70,760

Cargurus,

Inc.

\*

(Interactive

Media

&

Services)

810

27,581

Casella

Waste

Systems,

Inc.

\*

-

Class

A

(Commercial

Services

&

Supplies)

1,246

98,858

Catalyst

Pharmaceuticals,

Inc.

\*

(Biotechnology)

2,305

57,072

Cavco

Industries,

Inc.

\*

(Household

Durables)

75,065

Centerspace

(Residential

REITs)

9,192

Century

Aluminum

Co.

\*

(Metals

&

Mining)

647

37,972

Certara,

Inc.

\*

(Health

Care

Technology)

1,212

6,908

Champion

Homes,

Inc.

\*

(Household

Durables)

507

37,706

Chesapeake

Utilities

Corp.

(Gas

Utilities)

35,889

Cinemark

Holdings,

Inc.

(Entertainment)

1,255

35,793

City

Holding

Co.

(Banks)

23,784

Cleanspark,

Inc.

\*

(Software)

2,957

25,164

Clear

Secure,

Inc.

-

Class

A

(Software)

1,769

85,637

Clearway

Energy,

Inc.

-

Class

A

(Independent

Power/

Renewable

Electricity

Producers)

690

27,027

Clearway

Energy,

Inc.

-

Class

C

(Independent

Power/

Renewable

Electricity

Producers)

1,693

66,518

Cogent

Communications

Holdings,

Inc.

(Diversified

Telecommunication

Services)

511

9,627

Cohen

&

Steers,

Inc.

(Capital

Markets)

15,825

Collegium

Pharmaceutical,

Inc.

\*

(Pharmaceuticals)

630

20,834

Community

Financial

System,

Inc.

(Banks)

535

31,378

Comstock

Resources,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

915

19,288

Concentra

Group

Holdings

Parent,

Inc.

(Health

Care

Providers

&

Services)

1,188

25,483

Corcept

Therapeutics,

Inc.

\*

(Pharmaceuticals)

1,867

75,259

CorVel

Corp.

\*

(Health

Care

Providers

&

Services)

21,040

CSG

Systems

International,

Inc.

(Professional

Services)

538

43,008

CSW

Industrials,

Inc.

(Building

Products)

49,771

CTS

Corp.

(Electronic

Equipment,

Instruments

&

Components)

12,227

Curbline

Properties

Corp.

\*

(Retail

REITs)

1,933

49,852

Customers

Bancorp,

Inc.

\*

(Banks)

21,656

CVR

Energy,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

9,759

Cytek

Biosciences,

Inc.

\*

(Life

Sciences

Tools

&

Services)

1,424

6,223

Dana,

Inc.

(Automobile

Components)

1,098

36,948

DiamondRock

Hospitality

Co.

(Hotel

&

Resort

REITs)

1,988

18,628

Digi

International,

Inc.

\*

(Communications

Equipment)

750

36,150

DigitalOcean

Holdings,

Inc.

\*

(IT

Services)

1,581

135,618

Donnelley

Financial

Solutions,

Inc.

\*

(Capital

Markets)

11,266

Dorman

Products,

Inc.

\*

(Automobile

Components)

554

57,815

DoubleVerify

Holdings,

Inc.

\*

(Software)

1,572

14,934

DXP

Enterprises,

Inc.

\*

(Trading

Companies

&

Distributors)

35,491

Element

Solutions,

Inc.

(Chemicals)

2,269

77,464

Ellington

Financial,

Inc.

(Mortgage

REITs)

2,485

29,447

Enact

Holdings,

Inc.

(Financial

Services)

12,978

Enerpac

Tool

Group

Corp.

(Machinery)

631

23,013

Enova

International,

Inc.

\*

(Consumer

Finance)

66,828

Enpro,

Inc.

(Machinery)

105,022

Enviri

Corp.

(Commercial

Services

&

Supplies)

1,608

31,549

ePlus,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

24,757

ESCO

Technologies,

Inc.

(Machinery)

516

145,187

Essential

Properties

Realty

Trust,

Inc.

(Equity

REIT

-

Diversified)

2,804

85,129

Etsy,

Inc.

\*

(Broadline

Retail)

1,968

98,361

EVERTEC,

Inc.

(Financial

Services)

1,276

36,009

Everus

Construction

Group,

Inc.

\*

(Construction

&

Engineering)

1,018

120,185

Extreme

Networks,

Inc.

\*

(Communications

Equipment)

1,740

26,239

EZCORP,

Inc.

\*

-

Class

A

(Consumer

Finance)

1,171

29,720

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Small-Cap

Growth

Common

Stocks,

continued

Shares

Value

FB

Financial

Corp.

(Banks)

$

18,439

Federal

Signal

Corp.

(Machinery)

1,212

131,066

First

Bancorp

(Banks)

1,799

38,427

First

Bancorp

(Banks)

20,568

FormFactor,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,546

149,948

Four

Corners

Property

Trust,

Inc.

(Specialized

REITs)

1,029

24,336

Franklin

Electric

Co.,

Inc.

(Machinery)

38,619

Freshpet,

Inc.

\*

(Retail

-

Discretionary)

613

36,142

Frontdoor,

Inc.

\*

(Diversified

Consumer

Services)

1,438

76,013

Gates

Industrial

Corp.

PLC

\*

(Machinery)

2,734

61,816

Gentherm,

Inc.

\*

(Automobile

Components)

7,445

Getty

Realty

Corp.

(Retail

REITs)

548

17,426

Glaukos

Corp.

\*

(Health

Care

Equipment

&

Supplies)

791

85,158

Gogo,

Inc.

\*

(Wireless

Telecommunication

Services)

1,547

6,219

Goosehead

Insurance,

Inc.

\*

-

Class

A

(Insurance)

14,462

Granite

Construction,

Inc.

(Construction

&

Engineering)

868

104,056

Green

Brick

Partners,

Inc.

\*

(Household

Durables)

22,429

Griffon

Corp.

(Building

Products)

33,433

HA

Sustainable

Infrastructure

Capital,

Inc.

(Financial

Services)

1,096

40,278

Harmony

Biosciences

Holdings,

Inc.

\*

(Pharmaceuticals)

793

22,212

Hawkins,

Inc.

(Chemicals)

43,008

Hayward

Holdings,

Inc.

\*

(Building

Products)

1,909

25,542

HCI

Group,

Inc.

(Insurance)

33,241

Healthcare

Services

Group,

Inc.

\*

(Commercial

Services

&

Supplies)

1,405

26,063

HealthStream,

Inc.

(Health

Care

Technology)

4,970

Helmerich

&

Payne,

Inc.

(Energy

Equipment

&

Services)

977

35,201

Hertz

Global

Holdings,

Inc.

\*(a)

(Ground

Transportation)

1,714

7,902

Horace

Mann

Educators

Corp.

(Insurance)

17,968

ICU

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

30,609

Impinj,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

536

55,047

Independent

Bank

Corp.

(Banks)

31,889

Indivior

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

2,490

75,895

Ingevity

Corp.

\*

(Chemicals)

29,062

Innovex

International,

Inc.

\*

(Energy

Equipment

&

Services)

7,854

Innoviva,

Inc.

\*

(Pharmaceuticals)

836

19,479

Inspire

Medical

Systems,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

518

26,718

Installed

Building

Products,

Inc.

(Household

Durables)

119,582

Interface,

Inc.

(Commercial

Services

&

Supplies)

652

16,248

International

Seaways,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

808

58,886

Interparfums,

Inc.

(Personal

Care

Products)

18,895

Iridium

Communications,

Inc.

(Diversified

Telecommunication

Services)

1,276

35,396

Itron,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

584

52,344

JBG

SMITH

Properties

(Office

REITs)

707

10,329

John

Bean

Technologies

Corp.

(Machinery)

1,037

132,601

Kadant,

Inc.

(Machinery)

35,082

Kinetik

Holdings,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

21,010

Knowles

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

965

24,781

Kodiak

Gas

Services,

Inc.

(Energy

Equipment

&

Services)

1,658

96,695

Kontoor

Brands,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

550

38,660

Krystal

Biotech,

Inc.

\*

(Biotechnology)

514

132,777

Lakeland

Financial

Corp.

(Banks)

13,886

Common

Stocks,

continued

Shares

Value

Laureate

Education,

Inc.

\*

-

CLASS

A

(Diversified

Consumer

Services)

2,674

$

93,161

Legalzoom.com,

Inc.

\*

(Commercial

Support

Services)

1,792

10,161

LeMaitre

Vascular,

Inc.

(Health

Care

Equipment

&

Supplies)

45,306

Life

Time

Group

Holdings,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

2,185

58,864

Life360,

Inc.

\*

(Software)

1,564

63,842

Ligand

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

78,263

Liquidity

Services,

Inc.

\*

(Commercial

Services

&

Supplies)

14,337

LiveRamp

Holdings,

Inc.

\*

(Software)

1,259

33,389

LTC

Properties,

Inc.

(Health

Care

REITs)

569

21,144

Lumen

Technologies,

Inc.

(Diversified

Telecommunication

Services)

8,467

58,846

LXP

Industrial

Trust

(Industrial

REITs)

624

28,866

Lyft,

Inc.

\*

-

Class

A

(Internet

Media

&

Services)

7,939

105,589

Mack-Cali

Realty

Corp.

(Residential

REITs)

729

13,756

Madison

Square

Garden

Sports

Corp.

\*

(Entertainment)

115,704

MARA

Holdings,

Inc.

\*(a)

(Software)

4,146

33,831

MarketAxess

Holdings,

Inc.

(Capital

Markets)

65,827

Materion

Corp.

(Metals

&

Mining)

32,980

MaxLinear,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

697

12,121

Mercury

General

Corp.

(Insurance)

530

46,720

Mercury

Systems,

Inc.

\*

(Aerospace

&

Defense)

1,054

76,847

Merit

Medical

Systems,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

745

51,353

MGE

Energy,

Inc.

(Electric

Utilities)

28,211

Middlesex

Water

Co.

(Water

Utilities)

10,306

Millrose

Properties,

Inc.

(Specialized

REITs)

1,814

50,792

Mirion

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

4,879

90,701

Moelis

&

Co.

-

Class

A

(Capital

Markets)

842

47,994

Monarch

Casino

&

Resort,

Inc.

(Hotels,

Restaurants

&

Leisure)

23,135

Mueller

Water

Products,

Inc.

-

Class

A

(Machinery)

2,027

55,722

MYR

Group,

Inc.

\*

(Construction

&

Engineering)

87,519

N-able,

Inc.

\*

(Software)

757

3,535

Napco

Security

Technologies,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

18,474

National

Beverage

Corp.

\*

(Beverages)

7,874

National

HealthCare

Corp.

(Health

Care

Providers

&

Services)

39,606

National

Presto

Industries,

Inc.

\*

(Aerospace

&

Defense)

14,528

National

Vision

Holdings,

Inc.

\*

(Specialty

Retail)

1,582

40,974

NCR

Atleos

Corp.

\*

(Financial

Services)

914

39,832

NeoGenomics,

Inc.

\*

(Health

Care

Providers

&

Services)

1,495

11,093

NetScout

Systems,

Inc.

\*

(Communications

Equipment)

725

23,048

NexPoint

Residential

Trust,

Inc.

(Residential

REITs)

5,025

NMI

Holdings,

Inc.

\*

-

Class

A

(Financial

Services)

1,517

56,903

Noble

Corp.

PLC

\*

(Energy

Equipment

&

Services)

1,329

65,214

Northwest

Natural

Holding

Co.

(Gas

Utilities)

23,310

Oceaneering

International,

Inc.

\*

(Energy

Equipment

&

Services)

1,173

41,606

OFG

Bancorp

(Banks)

15,334

OneSpaWorld

Holdings,

Ltd.

(Diversified

Consumer

Services)

2,033

46,657

OPENLANE,

Inc.

\*

(Commercial

Services

&

Supplies)

2,119

61,769

OSI

Systems,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

82,308

Otter

Tail

Corp.

(Electric

Utilities)

32,914

Outfront

Media,

Inc.

(Specialized

REITs)

1,973

52,284

Pacira

BioSciences,

Inc.

\*

(Pharmaceuticals)

820

18,532

Palomar

Holdings,

Inc.

\*

(Insurance)

528

63,097

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Small-Cap

Growth

Common

Stocks,

continued

Shares

Value

Papa

John's

International,

Inc.

(Hotels,

Restaurants

&

Leisure)

$

9,982

Par

Pacific

Holdings,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

30,130

Park

National

Corp.

(Banks)

25,825

Pathward

Financial,

Inc.

(Banks)

38,637

Patrick

Industries,

Inc.

(Automobile

Components)

33,210

Payoneer

Global,

Inc.

\*

(Financial

Services)

3,799

18,349

PDF

Solutions,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

638

20,869

Pediatrix

Medical

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

1,679

35,914

Penguin

Solutions,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

8,219

PennyMac

Mortgage

Investment

Trust

(Mortgage

REITs)

1,734

20,218

Perdoceo

Education

Corp.

(Diversified

Consumer

Services)

784

29,173

Phibro

Animal

Health

Corp.

-

Class

A

(Pharmaceuticals)

22,677

Phillips

Edison

&

Co.,

Inc.

(Retail

REITs)

1,455

54,447

Piper

Sandler

Cos

(Institutional

Financial

Services)

728

55,728

Pitney

Bowes,

Inc.

(Commercial

Services

&

Supplies)

1,386

15,315

PJT

Partners,

Inc.

-

Class

A

(Capital

Markets)

67,624

Plexus

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

47,799

Powell

Industries,

Inc.

(Electrical

Equipment)

102,264

Preferred

Bank

(Banks)

20,587

PriceSmart,

Inc.

(Consumer

Staples

Distribution

&

Retail)

503

75,701

Primoris

Services

Corp.

(Construction

&

Engineering)

1,079

154,339

Privia

Health

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

2,305

47,414

ProAssurance

Corp.

(Insurance)

522

12,904

Progress

Software

Corp.

(Software)

571

14,646

Progyny,

Inc.

\*

(Health

Care

Providers

&

Services)

1,599

27,151

Protagonist

Therapeutics,

Inc.

\*

(Biotechnology)

1,171

123,424

Proto

Labs,

Inc.

\*

(Machinery)

26,913

PTC

Therapeutics,

Inc.

\*

(Biotechnology)

1,602

109,144

Q2

Holdings,

Inc.

\*

(Software)

784

37,083

Qorvo,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,061

82,121

QuinStreet,

Inc.

\*

(Interactive

Media

&

Services)

726

8,719

Radian

Group,

Inc.

(Financial

Services)

1,351

44,691

RadNet,

Inc.

\*

(Health

Care

Providers

&

Services)

890

49,742

Ralliant

Corp.

\*

(Electrical

Equipment)

1,169

48,619

Red

Rock

Resorts,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

969

51,706

Resideo

Technologies,

Inc.

\*

(Building

Products)

1,539

51,880

REX

American

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

17,727

Reynolds

Consumer

Products,

Inc.

(Household

Products)

10,378

RingCentral,

Inc.

-

Class

A

(Software)

893

33,211

Ryman

Hospitality

Properties,

Inc.

(Hotel

&

Resort

REITs)

1,256

115,892

Safety

Insurance

Group,

Inc.

(Insurance)

11,041

Sanmina

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,090

141,308

Sarepta

Therapeutics,

Inc.

\*

(Biotechnology)

1,274

27,722

Saul

Centers,

Inc.

(Retail

REITs)

4,529

Schrodinger,

Inc.

\*

(Health

Care

Technology)

1,117

12,689

Seacoast

Banking

Corp.

of

Florida

(Banks)

908

27,503

Sealed

Air

Corp.

(Containers

&

Packaging)

1,763

74,134

SeaWorld

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

9,439

Common

Stocks,

continued

Shares

Value

Semtech

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,292

$

99,342

Sensient

Technologies

Corp.

(Chemicals)

848

73,301

ServisFirst

Bancshares,

Inc.

(Banks)

501

36,488

Sezzle,

Inc.

\*

(Financial

Services)

21,645

Shake

Shack,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

803

71,041

SiriusPoint,

Ltd.

\*

(Insurance)

2,073

44,652

Six

Flags

Entertainment

Corp.

(Hotels,

Restaurants

&

Leisure)

909

16,135

SkyWest,

Inc.

\*

(Passenger

Airlines)

45,456

SolarEdge

Technologies,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

704

35,939

Sonos,

Inc.

\*

(Household

Durables)

2,409

32,281

Sphere

Entertainment

Co.

\*

(Entertainment)

531

62,339

Sprinklr,

Inc.

\*

-

Class

A

(Software)

2,464

14,784

SPS

Commerce,

Inc.

\*

(Software)

25,107

STAAR

Surgical

Co.

\*

(Health

Care

Equipment

&

Supplies)

515

9,631

Standex

International

Corp.

(Machinery)

61,676

Stellar

Bancorp,

Inc.

(Banks)

14,644

StepStone

Group,

Inc.

-

Class

A

(Capital

Markets)

1,471

70,197

Steven

Madden,

Ltd.

\*

(Textiles,

Apparel

&

Luxury

Goods)

812

27,543

StoneX

Group,

Inc.

\*

(Capital

Markets)

1,397

112,669

Sunrun,

Inc.

\*

(Electrical

Equipment)

4,623

62,688

Supernus

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

789

40,783

Tandem

Diabetes

Care,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

757

14,512

Tanger,

Inc.

(Retail

REITs)

1,515

51,480

Tennant

Co.

(Machinery)

10,358

Teradata

Corp.

\*

(Software)

1,059

27,142

Terreno

Realty

Corp.

(Industrial

REITs)

1,455

89,366

TG

Therapeutics,

Inc.

\*

(Biotechnology)

2,711

90,059

The

Bancorp,

Inc.

\*

(Banks)

845

45,402

The

Buckle,

Inc.

(Specialty

Retail)

18,180

The

Cheesecake

Factory,

Inc.

(Hotels,

Restaurants

&

Leisure)

26,499

The

Chefs'

Warehouse,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

722

42,923

The

Macerich

Co.

(Retail

REITs)

2,656

50,198

The

St.

Joe

Co.

\*

(Real

Estate

Management

&

Development)

795

49,926

The

Vita

Coco

Co.,

Inc.

\*

(Beverages)

876

41,969

Tidewater,

Inc.

\*

(Energy

Equipment

&

Services)

920

76,866

Tootsie

Roll

Industries,

Inc.

(Food

Products)

17,250

TransMedics

Group,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

681

67,698

TripAdvisor,

Inc.

\*

(Interactive

Media

&

Services)

2,281

24,315

Trupanion,

Inc.

\*

(Insurance)

11,396

TrustCo

Bank

Corp.

(Banks)

6,786

Trustmark

Corp.

(Banks)

576

24,273

U.S.

Physical

Therapy,

Inc.

(Health

Care

Providers

&

Services)

10,719

UFP

Technologies,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

29,814

UniFirst

Corp.

(Commercial

Services

&

Supplies)

29,939

United

Fire

Group,

Inc.

(Insurance)

7,968

Uniti

Group,

Inc.

\*

(Specialized

REITs)

3,574

33,524

Universal

Health

Realty

Income

Trust

(Health

Care

REITs)

6,111

Upwork,

Inc.

\*

(Professional

Services)

2,604

28,540

Urban

Edge

Properties

(Retail

REITs)

1,205

24,076

Urban

Outfitters,

Inc.

\*

(Specialty

Retail)

1,074

68,038

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Small-Cap

Growth

Common

Stocks,

continued

Shares

Value

Veeco

Instruments,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

613

$

20,756

Veracyte,

Inc.

\*

(Biotechnology)

1,577

50,795

Vericel

Corp.

\*

(Biotechnology)

1,009

32,460

Verra

Mobility

Corp.

\*

(Professional

Services)

3,181

45,456

Viasat,

Inc.

\*

(Communications

Equipment)

2,709

124,072

Viavi

Solutions,

Inc.

\*

(Communications

Equipment)

4,616

153,621

Victory

Capital

Holdings,

Inc.

-

Class

A

(Capital

Markets)

615

40,270

Vir

Biotechnology,

Inc.

\*

(Biotechnology)

922

8,261

Virtu

Financial,

Inc.

-

Class

A

(Capital

Markets)

1,592

70,016

Vital

Farms,

Inc.

\*

(Food

Products)

740

10,449

VSE

Corp.

(Commercial

Services

&

Supplies)

574

105,846

Warrior

Met

Coal,

Inc.

(Metals

&

Mining)

41,918

Waystar

Holding

Corp.

\*

(Health

Care

Technology)

2,290

55,213

Co.

(Household

Products)

32,427

Westamerica

Bancorp

(Banks)

11,056

Whitestone

REIT

\*

(Retail

REITs)

7,219

WillScot

Mobile

Mini

Holdings

Corp.

\*

(Biotech

&

Pharma)

1,886

32,741

Winmark

Corp.

(Specialty

Retail)

14,537

WisdomTree,

Inc.

(Capital

Markets)

2,290

33,342

World

Acceptance

Corp.

\*

(Consumer

Finance)

5,132

Worthington

Enterprises,

Inc.

(Household

Durables)

14,964

WSFS

Financial

Corp.

(Banks)

564

36,919

Xenia

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

868

12,872

XPEL,

Inc.

\*

(Automobile

Components)

502

22,219

Yelp,

Inc.

\*

(Interactive

Media

&

Services)

676

16,724

ZoomInfo

Technologies,

Inc.

\*

(Interactive

Media

&

Services)

3,104

18,562

Zurn

Elkay

Water

Solutions

Corp.

(Building

Products)

2,961

132,771

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $11,522,095)

15,013,545

Repurchase

Agreements

(b) (0.1%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$14,001

$

14,000

14,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$14,000)

14,000

Collateral

for

Securities

Loaned

(c) (0.3%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 3.67%

(d) 38,846

38,846

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $38,846)

38,846

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$11,574,941)— 100.2%

15,066,391

Net

other

assets

(liabilities) —

(0.2)%

(32,262)

NET

ASSETS

—

100.0%

$

15,034,129

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

March

31,

2026. The

total

value

of

securities

on

loan

as

of

March

31,

2026

was

$39,244.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

(c) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

March

31,

2026. (d) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

March

31,

2026. REIT

Real

Estate

Investment

Trust

ProFund

VP

Small-Cap

Growth

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

176,645

1.2%

Automobile

Components

157,637

1.0%

Banks

716,377

4.8%

Beverages

49,843

0.3%

Biotech

&

Pharma

57,974

0.4%

Biotechnology

951,711

6.3%

Broadline

Retail

98,361

0.7%

Building

Products

509,741

3.4%

Capital

Markets

633,055

4.2%

Chemicals

287,237

1.9%

Commercial

Services

&

Supplies

470,684

3.1%

Commercial

Support

Services

10,161

0.1%

Communications

Equipment

422,016

2.8%

Construction

&

Engineering

683,411

4.4%

Consumer

Finance

101,680

0.7%

Consumer

Staples

Distribution

&

Retail

118,624

0.8%

Containers

&

Packaging

74,134

0.5%

Diversified

Consumer

Services

346,253

2.3%

Diversified

Telecommunication

Services

103,869

0.7%

Electric

Utilities

61,125

0.4%

Electrical

Equipment

213,571

1.4%

Electronic

Equipment,

Instruments

&

Components

614,196

4.1%

Energy

Equipment

&

Services

486,107

3.3%

Entertainment

213,836

1.5%

Equity

REIT

-

Diversified

85,129

0.6%

Financial

Services

270,685

1.8%

Food

Products

98,459

0.7%

Gas

Utilities

59,199

0.4%

Ground

Transportation

7,902

0.1%

Health

Care

Equipment

&

Supplies

391,560

2.6%

Health

Care

Providers

&

Services

403,221

2.7%

Health

Care

REITs

27,255

0.2%

Health

Care

Technology

79,780

0.5%

Hotel

&

Resort

REITs

147,392

1.0%

Hotels,

Restaurants

&

Leisure

397,536

2.7%

Household

Durables

302,027

2.0%

Household

Products

42,805

0.3%

Independent

Power/Renewable

Electricity

Producers

93,545

0.6%

Industrial

REITs

118,232

0.8%

Institutional

Financial

Services

55,728

0.4%

Insurance

305,833

2.0%

Interactive

Media

&

Services

95,901

0.6%

Internet

Media

&

Services

105,589

0.7%

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Small-Cap

Growth

Value

%

of

Net

Assets

IT

Services

$

135,618

0.9%

Leisure

Products

76,069

0.5%

Life

Sciences

Tools

&

Services

23,980

0.2%

Machinery

838,920

5.5%

Metals

&

Mining

112,870

0.8%

Mortgage

REITs

99,206

0.7%

Multi-Utilities

30,627

0.2%

Office

REITs

10,329

0.1%

Oil,

Gas

&

Consumable

Fuels

156,800

1.0%

Passenger

Airlines

45,456

0.3%

Personal

Care

Products

18,895

0.1%

Pharmaceuticals

408,788

2.7%

Professional

Services

117,004

0.8%

Real

Estate

Management

&

Development

49,926

0.4%

Residential

REITs

27,973

0.2%

Retail

-

Discretionary

36,142

0.2%

Retail

REITs

259,227

1.6%

Semiconductors

&

Semiconductor

Equipment

562,585

3.7%

Software

684,019

4.5%

Specialized

REITs

160,936

1.0%

Specialty

Retail

252,467

1.7%

Textiles,

Apparel

&

Luxury

Goods

66,203

0.4%

Trading

Companies

&

Distributors

113,225

0.8%

Water

Utilities

74,035

0.5%

Wireless

Telecommunication

Services

6,219

NM

Other

\*\*

20,584

0.2%

Total

$

15,034,129

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

NM

Not

meaningful,

amount

is

less

than

0.05%

REIT

Real

Estate

Investment

Trust

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Small-Cap

Value

Common

Stocks

(99.9%)

Shares

Value

A10

Networks,

Inc.

(Software)

613

$

14,173

ABM

Industries,

Inc.

(Commercial

Services

&

Supplies)

1,479

56,971

Academy

Sports

&

Outdoors,

Inc.

(Specialty

Retail)

1,678

94,723

Acadia

Healthcare

Company,

Inc.

\*

(Health

Care

Providers

&

Services)

2,324

54,358

Acadia

Realty

Trust

\*

(Retail

REITs)

3,301

63,114

ACI

Worldwide,

Inc.

\*

(Software)

885

36,293

AdaptHealth

Corp.

\*

(Health

Care

Providers

&

Services)

2,703

32,166

Addus

HomeCare

Corp.

\*

(Health

Care

Providers

&

Services)

14,703

Adient

PLC

(Automobile

Components)

1,974

39,895

ADT,

Inc.

(Diversified

Consumer

Services)

8,575

56,338

Advance

Auto

Parts,

Inc.

(Specialty

Retail)

1,512

79,758

Air

Lease

Corp.

(Trading

Companies

&

Distributors)

1,141

74,097

Alamo

Group,

Inc.

(Machinery)

44,872

Alarm.com

Holdings,

Inc.

\*

(Software)

529

22,848

Albany

International

Corp.

(Machinery)

723

37,748

Allegiant

Travel

Co.

\*

(Passenger

Airlines)

27,392

Alpha

and

Omega

Semiconductor,

Ltd.

\*

(Semiconductors

&

Semiconductor

Equipment)

622

13,784

Alpha

Metallurgical

Resources,

Inc.

\*

(Metals

&

Mining)

55,833

Amentum

Holdings,

Inc.

\*

(Technology

Services)

3,872

100,982

American

Assets

Trust,

Inc.

(Equity

REIT

-

Diversified)

1,192

21,945

American

Axle

&

Manufacturing

Holdings,

Inc.

\*

(Automobile

Components)

5,943

35,242

American

Eagle

Outfitters,

Inc.

(Specialty

Retail)

2,303

38,460

American

States

Water

Co.

(Water

Utilities)

25,711

American

Woodmark

Corp.

\*

(Building

Products)

14,538

Ameris

Bancorp

(Banks)

695

54,203

AMERISAFE,

Inc.

(Insurance)

8,599

AMN

Healthcare

Services,

Inc.

\*

(Health

Care

Providers

&

Services)

968

17,753

Amneal

Pharmaceuticals,

Inc.

\*

(Biotech

&

Pharma)

1,710

21,255

Amphastar

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

8,385

Apogee

Enterprises,

Inc.

(Building

Products)

542

18,179

Apollo

Commercial

Real

Estate

Finance,

Inc.

(Mortgage

REITs)

3,306

34,911

Apple

Hospitality

REIT,

Inc.

(Hotel

&

Resort

REITs)

5,541

63,776

Arbor

Realty

Trust,

Inc.

(a) (Mortgage

REITs)

4,929

38,003

ArcBest

Corp.

(Ground

Transportation)

564

55,475

Arcosa,

Inc.

(Construction

&

Engineering)

47,126

Arcus

Biosciences,

Inc.

\*

(Biotechnology)

791

17,086

Artisan

Partners

Asset

Management,

Inc.

-

Class

A

(Capital

Markets)

817

29,731

Asbury

Automotive

Group,

Inc.

\*

(Specialty

Retail)

95,555

ASGN,

Inc.

\*

(IT

Services)

1,075

41,613

Assured

Guaranty,

Ltd.

(Insurance)

523

42,614

Astec

Industries,

Inc.

(Machinery)

16,206

Astrana

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

1,086

26,629

Atlantic

Union

Bankshares

Corp.

(Banks)

3,571

127,627

Atlas

Energy

Solutions,

Inc.

(Energy

Equipment

&

Services)

1,938

25,427

Avanos

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,168

16,364

Avista

Corp.

(Multi-Utilities)

1,084

43,512

Axcelis

Technologies,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

25,969

Azenta,

Inc.

\*

(Life

Sciences

Tools

&

Services)

8,727

Balchem

Corp.

(Chemicals)

56,437

Banc

of

California,

Inc.

(Banks)

3,383

59,473

BancFirst

Corp.

(Banks)

21,266

Bank

of

Hawaii

Corp.

(Banks)

1,001

74,324

BankUnited,

Inc.

(Banks)

987

44,573

Banner

Corp.

(Banks)

860

52,185

Beacon

Financial

Corporation

(Banks)

2,113

63,390

Benchmark

Electronics,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

901

50,510

Common

Stocks,

continued

Shares

Value

BGC

Group,

Inc.

-

Class

A

(Capital

Markets)

3,750

$

36,675

BioLife

Solutions,

Inc.

\*

(Life

Sciences

Tools

&

Services)

9,368

BJ's

Restaurants,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

10,284

Blackstone

Mortgage

Trust,

Inc.

-

Class

A

(Mortgage

REITs)

3,995

76,505

Boise

Cascade

Co.

(Trading

Companies

&

Distributors)

936

70,996

Box,

Inc.

\*

-

Class

A

(Software)

1,263

29,856

Bread

Financial

Holdings,

Inc.

(Consumer

Finance)

1,110

83,128

Bristow

Group,

Inc.

\*

(Energy

Equipment

&

Services)

634

29,728

Cable

One,

Inc.

(Media)

10,672

Cactus,

Inc.

-

Class

A

(Energy

Equipment

&

Services)

642

30,412

Caesars

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

5,143

135,930

California

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,980

137,056

California

Water

Service

Group

(Water

Utilities)

782

35,456

Callaway

Brands

Corp.

\*

(Leisure

Products)

1,267

17,586

Capitol

Federal

Financial,

Inc.

(Banks)

3,007

21,440

Cargurus,

Inc.

\*

(Interactive

Media

&

Services)

1,023

34,833

CarMax,

Inc.

\*

(Specialty

Retail)

3,572

148,523

Carter's,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

921

32,935

Cathay

General

Bancorp

(Banks)

1,691

84,313

Celanese

Corp.

(Chemicals)

2,760

181,526

Centerspace

(Residential

REITs)

12,639

Central

Garden

&

Pet

Co.

\*

(Household

Products)

7,575

Central

Garden

&

Pet

Co.

\*

-

Class

A

(Household

Products)

1,286

41,692

Central

Pacific

Financial

Corp.

(Banks)

665

21,253

Century

Aluminum

Co.

\*

(Metals

&

Mining)

522

30,636

Century

Communities,

Inc.

(Household

Durables)

636

36,494

Certara,

Inc.

\*

(Health

Care

Technology)

1,472

8,390

Champion

Homes,

Inc.

\*

(Household

Durables)

753

56,001

Chesapeake

Utilities

Corp.

(Gas

Utilities)

30,202

Cinemark

Holdings,

Inc.

(Entertainment)

1,014

28,919

City

Holding

Co.

(Banks)

13,506

Cleanspark,

Inc.

\*

(Software)

2,703

23,003

Cogent

Communications

Holdings,

Inc.

(Diversified

Telecommunication

Services)

550

10,362

Cohen

&

Steers,

Inc.

(Capital

Markets)

23,331

Cohu,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,175

35,979

Community

Financial

System,

Inc.

(Banks)

650

38,123

Comstock

Resources,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

837

17,644

Concentra

Group

Holdings

Parent,

Inc.

(Health

Care

Providers

&

Services)

1,504

32,261

CONMED

Corp.

(Health

Care

Equipment

&

Supplies)

781

27,616

Core

Laboratories,

Inc.

(Energy

Equipment

&

Services)

1,171

19,661

Core

Natural

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,291

135,206

CoreCivic,

Inc.

\*

(Commercial

Services

&

Supplies)

2,521

47,672

Corsair

Gaming,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

1,178

6,538

CorVel

Corp.

\*

(Health

Care

Providers

&

Services)

16,395

Cracker

Barrel

Old

Country

Store,

Inc.

(a) (Hotels,

Restaurants

&

Leisure)

563

15,826

Crescent

Energy

Co.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

6,121

82,634

CSW

Industrials,

Inc.

(Building

Products)

45,602

CTS

Corp.

(Electronic

Equipment,

Instruments

&

Components)

19,486

Cushman

&

Wakefield

Ltd.

\*

(Real

Estate

Services)

5,836

71,549

Customers

Bancorp,

Inc.

\*

(Banks)

28,250

CVB

Financial

Corp.

(Banks)

3,211

62,261

CVR

Energy,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

13,258

Cytek

Biosciences,

Inc.

\*

(Life

Sciences

Tools

&

Services)

967

4,226

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Small-Cap

Value

Common

Stocks,

continued

Shares

Value

Dana,

Inc.

(Automobile

Components)

1,443

$

48,557

Deluxe

Corp.

(Commercial

Services

&

Supplies)

1,134

31,230

DiamondRock

Hospitality

Co.

(Hotel

&

Resort

REITs)

2,618

24,531

Dime

Community

Bancshares,

Inc.

(Banks)

1,027

34,733

Diodes,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,154

78,772

DNOW,

Inc.

\*

(Trading

Companies

&

Distributors)

4,675

55,679

Donnelley

Financial

Solutions,

Inc.

\*

(Capital

Markets)

17,253

Dorian

LPG,

Ltd.

\*

(Oil,

Gas

&

Consumable

Fuels)

928

31,738

DoubleVerify

Holdings,

Inc.

\*

(Software)

1,381

13,120

Douglas

Emmett,

Inc.

(Office

REITs)

4,218

39,734

Dream

Finders

Homes,

Inc.

\*

-

Class

A

(Household

Durables)

724

10,078

DXC

Technology

Co.

\*

(IT

Services)

4,277

53,762

Eagle

Bancorp,

Inc.

(Banks)

697

17,334

Easterly

Government

Properties,

Inc.

(Office

REITs)

1,100

23,573

Eastman

Chemical

Co.

(Chemicals)

2,876

219,497

Edgewell

Personal

Care

Co.

(Personal

Care

Products)

1,176

25,096

Element

Solutions,

Inc.

(Chemicals)

2,865

97,811

Embecta

Corp.

(Health

Care

Equipment

&

Supplies)

1,490

13,172

Employers

Holdings,

Inc.

(Insurance)

566

23,285

Enact

Holdings,

Inc.

(Financial

Services)

13,304

Encore

Capital

Group,

Inc.

\*

(Consumer

Finance)

563

39,478

Energizer

Holdings,

Inc.

(Household

Products)

1,535

25,205

Enerpac

Tool

Group

Corp.

(Machinery)

532

19,402

Enovis

Corp.

\*

(Health

Care

Equipment

&

Supplies)

1,441

32,783

Enphase

Energy,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

3,297

124,659

ePlus,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

18,436

Essential

Properties

Realty

Trust,

Inc.

(Equity

REIT

-

Diversified)

1,744

52,948

Ethan

Allen

Interiors,

Inc.

(Household

Durables)

583

12,978

eXp

World

Holdings,

Inc.

(Real

Estate

Management

&

Development)

2,278

13,645

Extreme

Networks,

Inc.

\*

(Communications

Equipment)

1,183

17,840

FB

Financial

Corp.

(Banks)

570

29,606

First

Bancorp

(Banks)

1,645

35,137

First

Bancorp

(Banks)

586

33,021

First

Commonwealth

Financial

Corp.

(Banks)

2,582

45,392

First

Financial

Bancorp

\*

(Banks)

2,607

72,683

First

Hawaiian,

Inc.

(Banks)

3,091

76,162

First

Interstate

BancSystem,

Inc.

-

Class

A

(Banks)

2,217

74,048

FMC

Corp.

(Chemicals)

3,147

54,191

Fortrea

Holdings,

Inc.

\*

(Life

Sciences

Tools

&

Services)

2,327

21,920

Forward

Air

Corp.

\*

(Air

Freight

&

Logistics)

559

9,341

Four

Corners

Property

Trust,

Inc.

(Specialized

REITs)

1,468

34,718

Fox

Factory

Holding

Corp.

\*

(Automobile

Components)

1,052

17,316

Franklin

BSP

Realty

Trust,

Inc.

(Mortgage

REITs)

2,052

17,421

Franklin

Electric

Co.,

Inc.

(Machinery)

40,002

Fresh

Del

Monte

Produce,

Inc.

(Food

Products)

830

33,416

Freshpet,

Inc.

\*

(Retail

-

Discretionary)

26,768

Fulton

Financial

Corp.

(Banks)

4,831

98,263

Gates

Industrial

Corp.

PLC

\*

(Machinery)

2,940

66,473

Gentherm,

Inc.

\*

(Automobile

Components)

11,945

Genworth

Financial,

Inc.

\*

-

Class

A

(Insurance)

10,062

81,704

Getty

Realty

Corp.

(Retail

REITs)

693

22,037

Gibraltar

Industries,

Inc.

\*

(Building

Products)

745

29,703

G-III

Apparel

Group,

Ltd.

\*

(Textiles,

Apparel

&

Luxury

Goods)

938

25,983

Glaukos

Corp.

\*

(Health

Care

Equipment

&

Supplies)

48,124

Global

Net

Lease,

Inc.

(Equity

REIT

-

Diversified)

4,967

46,491

Golden

Entertainment,

Inc.

\*

ARS

(Hotels,

Restaurants

&

Leisure)

13,158

Goosehead

Insurance,

Inc.

\*

-

Class

A

(Insurance)

8,617

Common

Stocks,

continued

Shares

Value

Green

Brick

Partners,

Inc.

\*

(Household

Durables)

$

21,140

Grid

Dynamics

Holdings,

Inc.

\*

(IT

Services)

1,664

9,485

Griffon

Corp.

(Building

Products)

29,290

Grocery

Outlet

Holding

Corp.

\*

(Consumer

Staples

Distribution

&

Retail)

2,470

17,414

Group

Automotive,

Inc.

(Specialty

Retail)

98,528

H.B.

Fuller

Co.

(Chemicals)

1,369

84,440

H2O

America

\*

(Water

Utilities)

944

55,384

HA

Sustainable

Infrastructure

Capital,

Inc.

(Financial

Services)

1,834

67,400

Hanmi

Financial

Corp.

(Banks)

747

19,691

Harmonic,

Inc.

\*

(Communications

Equipment)

2,826

25,377

Hawaiian

Electric

Industries,

Inc.

\*

(Electric

Utilities)

4,348

64,525

Hawkins,

Inc.

(Chemicals)

26,880

Hayward

Holdings,

Inc.

\*

(Building

Products)

2,614

34,975

HealthStream,

Inc.

(Health

Care

Technology)

6,068

Heartland

Express,

Inc.

(Ground

Transportation)

1,150

11,960

Helix

Energy

Solutions

Group,

Inc.

\*

(Energy

Equipment

&

Services)

3,444

34,061

Helmerich

&

Payne,

Inc.

(Energy

Equipment

&

Services)

1,283

46,226

Heritage

Financial

Corp.

(Banks)

1,035

26,910

Hertz

Global

Holdings,

Inc.

\*(a)

(Ground

Transportation)

970

4,472

Highwoods

Properties,

Inc.

(Office

REITs)

2,772

59,349

Hilltop

Holdings,

Inc.

\*

(Banks)

1,049

37,575

HNI

Corp.

(Commercial

Services

&

Supplies)

1,747

58,333

Hope

Bancorp,

Inc.

(Banks)

3,230

36,079

Horace

Mann

Educators

Corp.

(Insurance)

20,956

Hub

Group,

Inc.

\*

-

Class

A

(Air

Freight

&

Logistics)

1,527

55,033

IAC,

Inc.

\*

(Interactive

Media

&

Services)

1,640

65,649

Ichor

Holdings,

Ltd.

\*

(Semiconductors

&

Semiconductor

Equipment)

868

40,457

ICU

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

41,715

Independent

Bank

Corp.

(Banks)

711

53,474

Ingevity

Corp.

\*

(Chemicals)

27,637

Innospec,

Inc.

(Chemicals)

623

45,491

Innovative

Industrial

Properties,

Inc.

(Industrial

REITs)

706

35,413

Innovex

International,

Inc.

\*

(Energy

Equipment

&

Services)

564

13,756

Innoviva,

Inc.

\*

(Pharmaceuticals)

733

17,079

Insight

Enterprises,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

782

52,402

Insperity,

Inc.

(Professional

Services)

905

24,471

Insteel

Industries,

Inc.

(Building

Products)

16,368

Integer

Holdings

Corp.

\*

(Health

Care

Equipment

&

Supplies)

884

77,793

Integra

LifeSciences

Holdings

Corp.

\*

(Health

Care

Equipment

&

Supplies)

1,686

15,882

Interface,

Inc.

(Commercial

Services

&

Supplies)

649

16,173

Interparfums,

Inc.

(Personal

Care

Products)

18,168

Iridium

Communications,

Inc.

(Diversified

Telecommunication

Services)

1,031

28,600

Itron,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

37,196

J

&

J

Snack

Foods

Corp.

(Food

Products)

30,281

Jackson

Financial,

Inc.

-

Class

A

(Financial

Services)

1,783

188,499

JBG

SMITH

Properties

(Office

REITs)

597

8,722

JetBlue

Airways

Corp.

\*

(Passenger

Airlines)

7,456

32,956

John

B. Sanfilippo

&

Son,

Inc.

\*

(Food

Products)

18,246

John

Wiley

&

Sons,

Inc.

-

Class

A

(Media)

1,015

38,672

Kadant,

Inc.

(Machinery)

42,683

Kaiser

Aluminum

Corp.

(Metals

&

Mining)

48,566

Kemper

Corp.

(Insurance)

1,481

45,259

Kennametal,

Inc.

(Machinery)

1,919

69,334

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Small-Cap

Value

Common

Stocks,

continued

Shares

Value

Kennedy-Wilson

Holdings,

Inc.

(Real

Estate

Management

&

Development)

3,022

$

32,698

Kinetik

Holdings,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

596

28,852

Knowles

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

922

23,677

Kohl's

Corp.

(Broadline

Retail)

2,825

36,443

Kontoor

Brands,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

594

41,751

Koppers

Holdings,

Inc.

(Chemicals)

19,069

Korn

Ferry

(Professional

Services)

1,315

82,779

Kulicke

&

Soffa

Industries,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

1,319

86,684

Lakeland

Financial

Corp.

(Banks)

18,821

Lamb

Weston

Holdings,

Inc.

(Food

Products)

3,499

147,868

La-Z-Boy,

Inc.

(Household

Durables)

1,039

33,393

LCI

Industries

(Automobile

Components)

610

75,017

Legalzoom.com,

Inc.

\*

(Commercial

Support

Services)

635

3,600

Leggett

&

Platt,

Inc.

(Household

Durables)

3,409

33,681

LGI

Homes,

Inc.

\*

(Household

Durables)

510

20,160

Liberty

Energy,

Inc.

(Energy

Equipment

&

Services)

4,085

117,649

Life

Time

Group

Holdings,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

1,073

28,907

Lincoln

National

Corp.

(Insurance)

4,258

151,160

Lindsay

Corp.

(Machinery)

31,434

LKQ

Corp.

(Distributors)

6,449

189,407

LTC

Properties,

Inc.

(Health

Care

REITs)

17,762

Lumen

Technologies,

Inc.

(Diversified

Telecommunication

Services)

13,072

90,851

LXP

Industrial

Trust

(Industrial

REITs)

699

32,336

M/I

Homes,

Inc.

\*

(Household

Durables)

659

80,695

Mack-Cali

Realty

Corp.

(Residential

REITs)

1,126

21,248

Magnolia

Oil

&

Gas

Corp.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

4,557

143,864

ManpowerGroup,

Inc.

(Professional

Services)

1,165

34,321

MARA

Holdings,

Inc.

\*(a)

(Software)

4,286

34,973

Marcus

&

Millichap,

Inc.

(Real

Estate

Management

&

Development)

601

15,981

MarineMax,

Inc.

\*

(Specialty

Retail)

13,178

MarketAxess

Holdings,

Inc.

(Capital

Markets)

70,942

Marriott

Vacations

Worldwide

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

698

45,454

Marten

Transport,

Ltd.

(Ground

Transportation)

1,459

19,157

Masterbrand,

Inc.

\*

(Building

Products)

3,193

26,534

Match

Group,

Inc.

(Interactive

Media

&

Services)

5,948

182,664

Materion

Corp.

(Metals

&

Mining)

34,137

Matson,

Inc.

(Marine

Transportation)

787

129,021

Matthews

International

Corp.

-

Class

A

(Commercial

Services

&

Supplies)

786

20,295

MaxLinear,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,166

20,277

MDU

Resources

Group,

Inc.

(Construction

&

Engineering)

5,150

106,708

Medical

Properties

Trust,

Inc.

(Health

Care

REITs)

12,423

57,518

Merchants

Bancorp

(Financial

Services)

740

31,753

Merit

Medical

Systems,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

553

38,118

Meritage

Homes

Corp.

(Household

Durables)

1,680

103,891

MGE

Energy,

Inc.

(Electric

Utilities)

35,476

Middlesex

Water

Co.

(Water

Utilities)

11,191

MillerKnoll,

Inc.

(Commercial

Services

&

Supplies)

1,718

24,842

Millrose

Properties,

Inc.

(Specialized

REITs)

1,593

44,604

Minerals

Technologies,

Inc.

(Chemicals)

786

55,743

Mister

Car

Wash,

Inc.

\*

(Diversified

Consumer

Services)

2,473

17,237

Moelis

&

Co.

-

Class

A

(Capital

Markets)

802

45,714

Mohawk

Industries,

Inc.

\*

(Household

Durables)

1,309

128,884

Common

Stocks,

continued

Shares

Value

Molina

Healthcare,

Inc.

\*

(Health

Care

Providers

&

Services)

1,298

$

173,023

Monro,

Inc.

(Specialty

Retail)

756

12,126

Mueller

Water

Products,

Inc.

-

Class

A

(Machinery)

1,379

37,909

N-able,

Inc.

\*

(Software)

919

4,292

Napco

Security

Technologies,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

12,053

National

Bank

Holdings

Corp.

-

Class

A

(Banks)

1,135

44,447

National

Beverage

Corp.

\*

(Beverages)

9,960

Navient

Corp.

(Consumer

Finance)

1,668

13,644

NBT

Bancorp,

Inc.

(Banks)

1,319

56,163

NCR

Atleos

Corp.

\*

(Financial

Services)

707

30,811

NCR

Voyix

Corp.

\*

(Software)

3,487

22,073

Neogen

Corp.

\*

(Health

Care

Equipment

&

Supplies)

5,478

50,891

NeoGenomics,

Inc.

\*

(Health

Care

Providers

&

Services)

1,367

10,143

NetScout

Systems,

Inc.

\*

(Communications

Equipment)

813

25,845

Newell

Brands,

Inc.

(Household

Durables)

10,558

36,214

NexPoint

Residential

Trust,

Inc.

(Residential

REITs)

7,450

Noble

Corp.

PLC

\*

(Energy

Equipment

&

Services)

1,492

73,212

Northern

Oil

and

Gas,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

2,634

76,992

Northwest

Bancshares,

Inc.

\*

(Banks)

3,679

46,687

Northwest

Natural

Holding

Co.

(Gas

Utilities)

26,131

Oceaneering

International,

Inc.

\*

(Energy

Equipment

&

Services)

1,030

36,534

OFG

Bancorp

(Banks)

611

24,721

O-I

Glass,

Inc.

(Containers

&

Packaging)

3,839

40,348

Omnicell,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,130

37,719

Organon

&

Co.

(Pharmaceuticals)

6,547

39,216

Otter

Tail

Corp.

(Electric

Utilities)

581

50,994

Outfront

Media,

Inc.

(Specialized

REITs)

1,171

31,032

Oxford

Industries,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

13,479

Papa

John's

International,

Inc.

(Hotels,

Restaurants

&

Leisure)

14,196

Par

Pacific

Holdings,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

659

41,280

Park

National

Corp.

(Banks)

33,998

Patrick

Industries,

Inc.

(Automobile

Components)

51,092

Patterson-UTI

Energy,

Inc.

(Energy

Equipment

&

Services)

8,699

94,210

Paycom

Software,

Inc.

(Professional

Services)

1,231

149,616

Payoneer

Global,

Inc.

\*

(Financial

Services)

2,469

11,925

PC

Connection,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

16,720

Peabody

Energy

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

3,063

100,926

Pebblebrook

Hotel

Trust

(Hotel

&

Resort

REITs)

2,860

36,122

Penguin

Solutions,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

615

10,824

PENN

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

3,209

48,231

Perdoceo

Education

Corp.

(Diversified

Consumer

Services)

533

19,833

Perrigo

Co.

PLC

(Pharmaceuticals)

3,465

37,214

Phillips

Edison

&

Co.,

Inc.

(Retail

REITs)

1,330

49,769

Phinia,

Inc.

(Automobile

Components)

956

65,429

Photronics,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,490

60,211

Piper

Sandler

Cos

(Institutional

Financial

Services)

787

60,245

Pitney

Bowes,

Inc.

(Commercial

Services

&

Supplies)

1,977

21,846

Plexus

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

76,156

Power

Integrations,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

1,399

71,629

PRA

Group,

Inc.

\*

(Consumer

Finance)

980

17,150

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Small-Cap

Value

Common

Stocks,

continued

Shares

Value

Prestige

Consumer

Healthcare,

Inc.

\*

(Pharmaceuticals)

1,191

$

70,590

ProAssurance

Corp.

(Insurance)

634

15,672

PROG

Holdings,

Inc.

\*

(Consumer

Finance)

994

28,518

Progress

Software

Corp.

(Software)

8,670

Provident

Financial

Services,

Inc.

(Banks)

3,290

69,616

Q2

Holdings,

Inc.

\*

(Software)

582

27,529

Qorvo,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

788

60,991

Quaker

Chemical

Corp.

(Chemicals)

42,611

Quanex

Building

Products

Corp.

(Building

Products)

1,157

20,791

QuidelOrtho

Corp.

\*

(Health

Care

Equipment

&

Supplies)

1,710

28,095

QuinStreet,

Inc.

\*

(Interactive

Media

&

Services)

516

6,197

Radian

Group,

Inc.

(Financial

Services)

1,706

56,434

RadNet,

Inc.

\*

(Health

Care

Providers

&

Services)

631

35,267

Ralliant

Corp.

\*

(Electrical

Equipment)

1,365

56,770

Redwood

Trust,

Inc.

(Mortgage

REITs)

3,131

17,565

Renasant

Corp.

(Banks)

2,383

86,098

Resideo

Technologies,

Inc.

\*

(Building

Products)

1,528

51,509

REX

American

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

10,117

Reynolds

Consumer

Products,

Inc.

(Household

Products)

758

16,054

RingCentral,

Inc.

-

Class

A

(Software)

785

29,194

Rithm

Capital

Corporation

(Specialty

Finance)

14,004

132,758

Robert

Half,

Inc.

(Professional

Services)

2,503

63,576

Rogers

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

45,186

RPC,

Inc.

(Energy

Equipment

&

Services)

2,240

15,859

Rush

Enterprises,

Inc.

-

Class

A

(Trading

Companies

&

Distributors)

1,528

101,015

RXO,

Inc.

\*

(Ground

Transportation)

4,134

60,439

S&T

Bancorp,

Inc.

\*

(Banks)

945

39,529

Sabre

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

9,945

14,420

Safehold,

Inc.

(Specialized

REITs)

1,155

15,627

Safety

Insurance

Group,

Inc.

(Insurance)

13,438

Sally

Beauty

Holdings,

Inc.

\*

(Specialty

Retail)

2,443

33,836

Sarepta

Therapeutics,

Inc.

\*

(Biotechnology)

1,028

22,369

Saul

Centers,

Inc.

(Retail

REITs)

4,496

ScanSource,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

18,041

Schneider

National,

Inc.

-

Class

B

(Ground

Transportation)

1,256

33,108

Scholastic

Corp.

(a) (Media)

578

22,577

Seacoast

Banking

Corp.

of

Florida

(Banks)

1,294

39,195

Sealed

Air

Corp.

(Containers

&

Packaging)

1,487

62,528

SeaWorld

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

10,549

Select

Medical

Holdings

Corp.

(Health

Care

Providers

&

Services)

2,777

45,237

Semtech

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

699

53,746

ServisFirst

Bancshares,

Inc.

(Banks)

633

46,101

Shenandoah

Telecommunications

Co.

(Diversified

Telecommunication

Services)

1,146

17,671

Shutterstock,

Inc.

\*(a)

(Interactive

Media

&

Services)

609

10,115

Signet

Jewelers,

Ltd.

(Specialty

Retail)

1,024

86,671

Simmons

First

National

Corp.

-

Class

A

(Banks)

3,646

70,915

Six

Flags

Entertainment

Corp.

(Hotels,

Restaurants

&

Leisure)

1,407

24,974

SkyWest,

Inc.

\*

(Passenger

Airlines)

35,078

SL

Green

Realty

Corp.

(Office

REITs)

1,793

66,233

SM

Energy

Co.

(Oil,

Gas

&

Consumable

Fuels)

5,703

177,819

SolarEdge

Technologies,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

619

31,600

Sonic

Automotive,

Inc.

-

Class

A

(Specialty

Retail)

25,508

Southside

Bancshares,

Inc.

(Banks)

703

21,856

Common

Stocks,

continued

Shares

Value

SPS

Commerce,

Inc.

\*

(Software)

$

21,099

STAAR

Surgical

Co.

\*

(Health

Care

Equipment

&

Supplies)

602

11,257

Standard

Motor

Products,

Inc.

(Automobile

Components)

525

18,239

Stellar

Bancorp,

Inc.

(Banks)

644

23,577

Stepan

Co.

(Chemicals)

541

27,039

Steven

Madden,

Ltd.

\*

(Textiles,

Apparel

&

Luxury

Goods)

805

27,306

Stewart

Information

Services

Corp.

(Insurance)

762

46,924

Strategic

Education,

Inc.

(Diversified

Consumer

Services)

586

48,615

Stride,

Inc.

\*

(Diversified

Consumer

Services)

1,058

93,283

Sun

Country

Airlines

Holdings,

Inc.

\*

(Passenger

Airlines)

1,346

22,236

Sunstone

Hotel

Investors,

Inc.

(Hotel

&

Resort

REITs)

4,783

43,095

Supernus

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

23,054

Sylvamo

Corp.

(Paper

&

Forest

Products)

834

35,228

Talos

Energy,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

3,170

49,959

Tandem

Diabetes

Care,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

751

14,397

Tanger,

Inc.

(Retail

REITs)

984

33,436

Teleflex,

Inc.

(Health

Care

Equipment

&

Supplies)

1,112

133,007

Telephone

and

Data

Systems,

Inc.

(Wireless

Telecommunication

Services)

2,475

104,198

Tennant

Co.

(Machinery)

17,397

Teradata

Corp.

\*

(Software)

1,009

25,861

Terreno

Realty

Corp.

(Industrial

REITs)

789

48,460

The

Andersons,

Inc.

(Consumer

Staples

Distribution

&

Retail)

846

60,726

The

Buckle,

Inc.

(Specialty

Retail)

15,360

The

Cheesecake

Factory,

Inc.

(Hotels,

Restaurants

&

Leisure)

543

29,729

The

Chemours

Co.

(Chemicals)

3,776

83,185

The

GEO

Group,

Inc.

(Commercial

Services

&

Supplies)

3,445

57,910

The

Greenbrier

Cos.,

Inc.

(Machinery)

779

41,014

The

Macerich

Co.

(Retail

REITs)

3,095

58,496

The

Simply

Good

Foods

Co.

\*

(Food

Products)

2,147

30,809

The

Wendy's

Co.

(Hotels,

Restaurants

&

Leisure)

3,979

27,654

The

Western

Union

Co.

(Financial

Services)

7,999

69,831

TimkenSteel

Corp.

(Metals

&

Mining)

905

14,788

Titan

International,

Inc.

\*

(Machinery)

1,204

8,320

Tompkins

Financial

Corp.

(Banks)

25,071

Tri

Pointe

Homes,

Inc.

\*

(Household

Durables)

2,129

99,488

Trinity

Industries,

Inc.

(Machinery)

2,020

65,004

Triumph

Financial,

Inc.

\*

(Banks)

570

34,006

Trupanion,

Inc.

\*

(Insurance)

7,427

TrustCo

Bank

Corp.

(Banks)

11,383

Trustmark

Corp.

(Banks)

758

31,942

Two

Harbors

Investment

Corp.

(Mortgage

REITs)

2,641

30,160

U.S.

Physical

Therapy,

Inc.

(Health

Care

Providers

&

Services)

15,367

Ultra

Clean

Holdings,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,143

71,072

Under

Armour,

Inc.

\*

-

Class

A

(Textiles,

Apparel

&

Luxury

Goods)

4,755

28,102

Under

Armour,

Inc.

\*

-

Class

C

(Textiles,

Apparel

&

Luxury

Goods)

3,008

17,416

UniFirst

Corp.

(Commercial

Services

&

Supplies)

54,595

United

Community

Banks,

Inc.

(Banks)

3,038

95,667

United

Fire

Group,

Inc.

(Insurance)

10,451

United

Natural

Foods,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

1,535

69,166

Unitil

Corp.

(Multi-Utilities)

23,612

Universal

Corp.

(Tobacco)

628

33,096

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Small-Cap

Value

Common

Stocks,

continued

Shares

Value

Universal

Health

Realty

Income

Trust

(Health

Care

REITs)

$

5,383

Upbound

Group,

Inc.

(Specialty

Retail)

1,313

23,700

Urban

Edge

Properties

(Retail

REITs)

1,648

32,927

Veeco

Instruments,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

745

25,226

Versant

Media

Group,

Inc.

\*

(Media)

3,662

135,566

Vestis

Corp.

(Commercial

Services

&

Supplies)

2,823

22,189

Viad

Corp.

\*

(Commercial

Services

&

Supplies)

542

19,853

Victoria's

Secret

&

Co.

\*

(Specialty

Retail)

2,022

93,740

Victory

Capital

Holdings,

Inc.

-

Class

A

(Capital

Markets)

27,436

Vir

Biotechnology,

Inc.

\*

(Biotechnology)

1,677

15,026

Virtus

Investment

Partners,

Inc.

(Capital

Markets)

21,496

Vishay

Intertechnology,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

3,111

55,998

Walker

&

Dunlop,

Inc.

(Financial

Services)

859

38,122

Warrior

Met

Coal,

Inc.

(Metals

&

Mining)

755

70,329

Washington

Federal,

Inc.

(Banks)

1,911

60,005

Co.

(Household

Products)

28,348

Werner

Enterprises,

Inc.

(Ground

Transportation)

1,510

44,409

Westamerica

Bancorp

(Banks)

18,357

Whitestone

REIT

\*

(Retail

REITs)

566

9,141

WillScot

Mobile

Mini

Holdings

Corp.

\*

(Biotech

&

Pharma)

2,203

38,244

Winmark

Corp.

(Specialty

Retail)

13,682

Winnebago

Industries,

Inc.

(Automobiles)

710

22,003

Wolverine

World

Wide,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

2,066

33,717

World

Acceptance

Corp.

\*

(Consumer

Finance)

3,241

World

Kinect

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,400

32,298

Worthington

Enterprises,

Inc.

(Household

Durables)

22,107

Worthington

Steel,

Inc.

(Metals

&

Mining)

820

24,887

WSFS

Financial

Corp.

(Banks)

631

41,305

Xencor,

Inc.

\*

(Biotechnology)

1,798

21,684

Xenia

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

1,290

19,131

Yelp,

Inc.

\*

(Interactive

Media

&

Services)

619

15,314

Ziff

Davis,

Inc.

\*

(Interactive

Media

&

Services)

993

41,666

ZoomInfo

Technologies,

Inc.

\*

(Interactive

Media

&

Services)

2,841

16,989

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $16,892,744)

19,503,546

Repurchase

Agreements

(b) (0.1%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$29,003

$

29,000

29,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$29,000)

29,000

Collateral

for

Securities

Loaned

(c) (0.5%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 3.67%

(d) 101,827

101,827

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $101,827)

101,827

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$17,023,571)— 100.5%

19,634,373

Net

other

assets

(liabilities) —

(0.5)%

(91,380)

NET

ASSETS

—

100.0%

$

19,542,993

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

March

31,

2026. The

total

value

of

securities

on

loan

as

of

March

31,

2026

was

$102,564.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

(c) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

March

31,

2026. (d) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

March

31,

2026. REIT

Real

Estate

Investment

Trust

ProFund

VP

Small-Cap

Value

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Air

Freight

&

Logistics

$

64,374

0.3%

Automobile

Components

362,732

1.9%

Automobiles

22,003

0.1%

Banks

2,395,755

12.3%

Beverages

9,960

0.1%

Biotech

&

Pharma

59,499

0.3%

Biotechnology

76,165

0.4%

Broadline

Retail

36,443

0.2%

Building

Products

287,489

1.5%

Capital

Markets

272,578

1.4%

Chemicals

1,021,557

5.3%

Commercial

Services

&

Supplies

431,909

2.2%

Commercial

Support

Services

3,600

NM

Communications

Equipment

69,062

0.4%

Construction

&

Engineering

153,834

0.8%

Consumer

Finance

185,159

0.9%

Consumer

Staples

Distribution

&

Retail

147,306

0.8%

Containers

&

Packaging

102,876

0.5%

Distributors

189,407

1.0%

Diversified

Consumer

Services

235,306

1.2%

Diversified

Telecommunication

Services

147,484

0.8%

Electric

Utilities

150,995

0.8%

Electrical

Equipment

56,770

0.3%

Electronic

Equipment,

Instruments

&

Components

425,861

2.2%

Energy

Equipment

&

Services

536,735

2.7%

Entertainment

28,919

0.1%

Equity

REIT

-

Diversified

121,384

0.6%

Financial

Services

508,079

2.6%

Food

Products

260,620

1.2%

Gas

Utilities

56,333

0.3%

Ground

Transportation

229,020

1.2%

Health

Care

Equipment

&

Supplies

586,933

3.0%

Health

Care

Providers

&

Services

473,302

2.4%

Health

Care

REITs

80,663

0.4%

Health

Care

Technology

14,458

0.1%

Hotel

&

Resort

REITs

186,655

1.0%

Hotels,

Restaurants

&

Leisure

419,312

2.1%

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Small-Cap

Value

Value

%

of

Net

Assets

Household

Durables

$

695,204

3.6%

Household

Products

118,874

0.6%

Industrial

REITs

116,209

0.6%

Institutional

Financial

Services

60,245

0.3%

Insurance

476,106

2.4%

Interactive

Media

&

Services

373,427

1.9%

IT

Services

104,860

0.5%

Leisure

Products

17,586

0.1%

Life

Sciences

Tools

&

Services

44,241

0.2%

Machinery

537,798

2.8%

Marine

Transportation

129,021

0.7%

Media

207,487

1.1%

Metals

&

Mining

279,176

1.4%

Mortgage

REITs

214,565

1.1%

Multi-Utilities

67,124

0.3%

Office

REITs

197,611

1.0%

Oil,

Gas

&

Consumable

Fuels

1,079,643

5.6%

Paper

&

Forest

Products

35,228

0.2%

Passenger

Airlines

117,662

0.6%

Personal

Care

Products

43,264

0.2%

Pharmaceuticals

195,538

1.0%

Professional

Services

354,763

1.8%

Real

Estate

Management

&

Development

62,324

0.3%

Real

Estate

Services

71,549

0.4%

Residential

REITs

41,337

0.2%

Retail

-

Discretionary

26,768

0.1%

Retail

REITs

273,416

1.4%

Semiconductors

&

Semiconductor

Equipment

811,880

4.2%

Software

312,984

1.6%

Specialized

REITs

125,981

0.6%

Specialty

Finance

132,758

0.7%

Specialty

Retail

873,348

4.5%

Technology

Hardware,

Storage

&

Peripherals

6,538

NM

Technology

Services

100,982

0.5%

Textiles,

Apparel

&

Luxury

Goods

220,689

1.1%

Tobacco

33,096

0.2%

Trading

Companies

&

Distributors

301,787

1.5%

Water

Utilities

127,742

0.7%

Wireless

Telecommunication

Services

104,198

0.5%

Other

\*\*

39,447

0.1%

Total

$

19,542,993

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

NM

Not

meaningful,

amount

is

less

than

0.05%

REIT

Real

Estate

Investment

Trust

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Technology

Common

Stocks

(97.2%)

Shares

Value

Accenture

PLC

-

Class

A

(IT

Services)

2,289

$

453,886

Adobe,

Inc.

\*

(Software)

1,527

371,183

Advanced

Micro

Devices,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

6,065

1,233,803

Akamai

Technologies,

Inc.

\*

(IT

Services)

535

61,445

Amphenol

Corp.

-

Class

A

(Electronic

Equipment,

Instruments

&

Components)

4,573

577,798

Analog

Devices,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

1,818

578,379

Apple,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

22,423

5,690,734

Applied

Materials,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

2,953

1,009,306

AppLovin

Corp.

\*

-

Class

A

(Software)

1,008

401,184

Arista

Networks,

Inc.

\*

(Communications

Equipment)

3,841

471,598

Autodesk,

Inc.

\*

(Software)

789

188,887

Broadcom,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

7,241

2,241,162

Cadence

Design

Systems,

Inc.

\*

(Software)

1,013

281,482

CDW

Corp.

(Electronic

Equipment,

Instruments

&

Components)

58,574

Ciena

Corp.

\*

(Communications

Equipment)

524

203,433

Cisco

Systems,

Inc.

(Communications

Equipment)

14,698

1,140,417

Cognizant

Technology

Solutions

Corp.

-

Class

A

(IT

Services)

1,779

109,142

Coherent

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

697

166,032

Corning,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

2,904

394,856

Crowdstrike

Holdings,

Inc.

\*

-

Class

A

(Software)

938

366,205

Datadog,

Inc.

\*

-

Class

A

(Software)

1,221

144,139

Dell

Technologies,

Inc.

-

Class

C

(Technology

Hardware,

Storage

&

Peripherals)

1,106

181,528

EPAM

Systems,

Inc.

\*

(IT

Services)

27,892

F5,

Inc.

\*

(Communications

Equipment)

60,759

Fair

Isaac

Corp.

\*

(Software)

93,944

First

Solar,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

78,707

Fortinet,

Inc.

\*

(Software)

2,351

192,124

Gartner,

Inc.

\*

(IT

Services)

41,485

Gen

Digital,

Inc.

(Software)

2,050

38,602

GoDaddy,

Inc.

\*

-

Class

A

(IT

Services)

503

41,583

Hewlett

Packard

Enterprise

Co.

(Technology

Hardware,

Storage

&

Peripherals)

4,943

117,693

HP,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

3,415

65,602

Intel

Corp.

(Semiconductors

&

Semiconductor

Equipment)

17,466

770,775

International

Business

Machines

Corp.

(IT

Services)

3,477

842,789

Intuit,

Inc.

(Software)

1,035

447,513

Jabil,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

104,393

Keysight

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

638

180,152

KLA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

718,536

Lam

Research

Corp.

(Semiconductors

&

Semiconductor

Equipment)

4,645

992,451

Lumentum

Holdings,

Inc.

\*

(Communications

Equipment)

186,934

Microchip

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

2,013

130,060

Micron

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

4,187

1,414,536

Microsoft

Corp.

(Software)

11,341

4,198,097

Monolithic

Power

Systems,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

197,896

Motorola

Solutions,

Inc.

(Communications

Equipment)

616

267,326

Common

Stocks,

continued

Shares

Value

NetApp,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

737

$

75,461

NVIDIA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

37,114

6,472,681

NXP

Semiconductors

N.V.

(Semiconductors

&

Semiconductor

Equipment)

936

184,261

ON

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,466

90,775

Oracle

Corp.

(Software)

6,308

927,970

Palantir

Technologies,

Inc.

\*

-

Class

A

(Software)

8,498

1,243,086

Palo

Alto

Networks,

Inc.

\*

(Software)

3,006

481,922

PTC,

Inc.

\*

(Software)

63,123

Qnity

Electronics,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

779

89,881

QUALCOMM,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

3,969

511,128

Roper

Technologies,

Inc.

(Software)

140,482

Salesforce,

Inc.

(Software)

3,486

650,732

Sandisk

Corp.

\*

(Semiconductors)

549

348,802

Seagate

Technology

Holdings

PLC

(Technology

Hardware,

Storage

&

Peripherals)

811

317,717

ServiceNow,

Inc.

\*

(Software)

3,891

406,804

Skyworks

Solutions,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

559

29,934

Super

Micro

Computer,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

1,872

42,625

Synopsys,

Inc.

\*

(Software)

712

282,294

TE

Connectivity,

Ltd.

(Electronic

Equipment,

Instruments

&

Components)

1,092

228,250

Teledyne

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

105,877

Teradyne,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

583

172,836

Texas

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

3,376

655,417

Trimble,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

885

57,729

Tyler

Technologies,

Inc.

\*

(Software)

54,781

VeriSign,

Inc.

(IT

Services)

76,247

Western

Digital

Corp.

(Technology

Hardware,

Storage

&

Peripherals)

1,261

341,088

Workday,

Inc.

\*

-

Class

A

(Software)

792

102,897

Zebra

Technologies

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

38,262

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $11,138,043)

41,728,084

Repurchase

Agreements

(a) (2.9%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$1,234,120

$

1,234,000

1,234,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$1,234,000)

1,234,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$12,372,043)— 100.1%

42,962,084

Net

other

assets

(liabilities) —

(0.1)%

(50,244)

NET

ASSETS

—

100.0%

$

42,911,840

\*

Non-income

producing

security.

(a) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Technology

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

Technology

Select

Sector

Index

Goldman

Sachs

International

4/23/26

4.39%

$

1,208,324

$

(20,443)

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

ProFund

VP

Technology

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Communications

Equipment

$

2,330,467

5.4%

Electronic

Equipment,

Instruments

&

Components

1,911,923

4.4%

IT

Services

1,654,469

3.9%

Semiconductors

348,802

0.8%

Semiconductors

&

Semiconductor

Equipment

17,572,524

41.0%

Software

11,077,451

25.8%

Technology

Hardware,

Storage

&

Peripherals

6,832,448

15.9%

Other

\*\*

1,183,756

2.8%

Total

$

42,911,840

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

UltraBull

Common

Stocks

(74.6%)

Shares

Value

3M

Co.

(Industrial

Conglomerates)

$

19,025

A.O.

Smith

Corp.

(Building

Products)

1,714

Abbott

Laboratories

(Health

Care

Equipment

&

Supplies)

44,252

AbbVie,

Inc.

(Biotechnology)

95,477

Accenture

PLC

-

Class

A

(IT

Services)

30,140

Adobe,

Inc.

\*

(Software)

24,551

Advanced

Micro

Devices,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

82,186

Aflac,

Inc.

(Insurance)

12,726

Agilent

Technologies,

Inc.

(Life

Sciences

Tools

&

Services)

7,979

Air

Products

&

Chemicals,

Inc.

(Chemicals)

15,977

Airbnb,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

13,259

Akamai

Technologies,

Inc.

\*

(IT

Services)

4,135

Albemarle

Corp.

(Chemicals)

5,206

Alexandria

Real

Estate

Equities,

Inc.

(Office

REITs)

1,764

Align

Technology,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

2,743

Allegion

PLC

(Building

Products)

3,196

Alliant

Energy

Corp.

(Electric

Utilities)

4,521

Allstate

Corp.

(Insurance)

13,477

Alphabet,

Inc.

-

Class

A

(Interactive

Media

&

Services)

1,445

415,523

Alphabet,

Inc.

-

Class

C

(Interactive

Media

&

Services)

1,160

332,758

Altria

Group,

Inc.

(Tobacco)

27,452

Amazon.com,

Inc.

\*

(Broadline

Retail)

2,425

505,056

Amcor

plc

(Containers

&

Packaging)

4,532

Ameren

Corp.

(Multi-Utilities)

7,475

American

Electric

Power

Co.,

Inc.

(Electric

Utilities)

17,565

American

Express

Co.

(Consumer

Finance)

40,229

American

International

Group,

Inc.

(Insurance)

9,933

American

Tower

Corp.

-

Class

A

(Specialized

REITs)

20,192

American

Water

Works

Co.,

Inc.

(Water

Utilities)

6,532

Ameriprise

Financial,

Inc.

(Capital

Markets)

10,221

AMETEK,

Inc.

(Electrical

Equipment)

12,219

Amgen,

Inc.

(Biotechnology)

47,148

Amphenol

Corp.

-

Class

A

(Electronic

Equipment,

Instruments

&

Components)

38,537

Analog

Devices,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

38,813

Aon

PLC

-

Class

A

(Insurance)

17,107

APA

Corp.

(Oil,

Gas

&

Consumable

Fuels)

3,692

Apollo

Global

Management,

Inc.

(Financial

Services)

12,925

Apple,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

3,644

924,811

Applied

Materials,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

67,333

AppLovin

Corp.

\*

-

Class

A

(Software)

27,064

Aptiv

PLC

\*

(Automobile

Components)

3,680

Arch

Capital

Group,

Ltd.

\*

(Insurance)

8,543

Archer-Daniels-Midland

Co.

(Food

Products)

8,650

Ares

Management

Corporation

-

Class

A

(Capital

Markets)

5,564

Arista

Networks,

Inc.

\*

(Communications

Equipment)

31,432

Arthur

J. Gallagher

&

Co.

(Insurance)

13,861

Assurant,

Inc.

(Insurance)

2,832

AT&T,

Inc.

(Diversified

Telecommunication

Services)

1,735

50,298

Atmos

Energy

Corp.

(Gas

Utilities)

7,574

Autodesk,

Inc.

\*

(Software)

12,688

Automatic

Data

Processing,

Inc.

(Professional

Services)

20,114

AutoZone,

Inc.

\*

(Specialty

Retail)

13,511

AvalonBay

Communities,

Inc.

(Residential

REITs)

5,718

Avery

Dennison

Corp.

(Containers

&

Packaging)

3,281

Axon

Enterprise,

Inc.

\*

(Aerospace

&

Defense)

8,494

Baker

Hughes

Co.

(Energy

Equipment

&

Services)

14,957

Ball

Corp.

(Containers

&

Packaging)

3,901

Bank

of

America

Corp.

(Banks)

1,646

80,243

Common

Stocks,

continued

Shares

Value

Baxter

International,

Inc.

(Health

Care

Equipment

&

Supplies)

$

2,117

Becton,

Dickinson

&

Co.

(Health

Care

Equipment

&

Supplies)

11,163

Berkshire

Hathaway,

Inc.

\*

-

Class

B

(Financial

Services)

218,515

Best

Buy

Co.,

Inc.

(Specialty

Retail)

3,082

Biogen,

Inc.

\*

(Biotechnology)

6,600

Bio-Techne

Corp.

(Life

Sciences

Tools

&

Services)

1,986

BlackRock,

Inc.

(Capital

Markets)

34,622

Blackstone,

Inc.

(Capital

Markets)

21,388

Block,

Inc.

\*

(Financial

Services)

8,064

Booking

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

33,683

Boston

Properties,

Inc.

(Office

REITs)

1,868

Boston

Scientific

Corp.

\*

(Health

Care

Equipment

&

Supplies)

23,029

Bristol-Myers

Squibb

Co.

(Pharmaceuticals)

505

30,628

Broadcom,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

1,176

363,983

Broadridge

Financial

Solutions,

Inc.

(Professional

Services)

4,712

Brown

&

Brown,

Inc.

(Insurance)

4,760

Brown-Forman

Corp.

-

Class

B

(Beverages)

1,110

Builders

FirstSource,

Inc.

\*

(Building

Products)

2,223

Bunge

Global

SA

(Food

Products)

4,198

C.H.

Robinson

Worldwide,

Inc.

(Air

Freight

&

Logistics)

4,816

Cadence

Design

Systems,

Inc.

\*

(Software)

18,895

Camden

Property

Trust

(Residential

REITs)

2,539

Campbell

Soup

Co.

(a) (Food

Products)

1,047

Capital

One

Financial

Corp.

(Consumer

Finance)

28,277

Cardinal

Health,

Inc.

(Health

Care

Providers

&

Services)

12,467

Carnival

Corp.

(Hotels,

Restaurants

&

Leisure)

7,350

Carrier

Global

Corp.

(Building

Products)

10,924

Carvana

Co.

\*

(Specialty

Retail)

11,003

Caterpillar,

Inc.

(Machinery)

82,182

Cboe

Global

Markets,

Inc.

(Capital

Markets)

7,308

CBRE

Group,

Inc.

\*

-

Class

A

(Real

Estate

Management

&

Development)

9,753

CDW

Corp.

(Electronic

Equipment,

Instruments

&

Components)

3,873

Cencora,

Inc.

(Health

Care

Providers

&

Services)

15,079

Centene

Corp.

\*

(Health

Care

Providers

&

Services)

3,732

CenterPoint

Energy,

Inc.

(Multi-Utilities)

6,949

CF

Industries

Holdings,

Inc.

(Chemicals)

5,064

Charles

River

Laboratories

International,

Inc.

\*

(Life

Sciences

Tools

&

Services)

2,243

Charter

Communications,

Inc.

\*

-

Class

A

(Media)

4,749

Chevron

Corp.

(Oil,

Gas

&

Consumable

Fuels)

96,209

Chipotle

Mexican

Grill,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

10,275

Chubb,

Ltd.

(Insurance)

29,335

Church

&

Dwight

Co.,

Inc.

(Household

Products)

5,506

Ciena

Corp.

\*

(Communications

Equipment)

13,588

Cincinnati

Financial

Corp.

(Insurance)

6,137

Cintas

Corp.

(Commercial

Services

&

Supplies)

14,208

Cisco

Systems,

Inc.

(Communications

Equipment)

981

76,115

Citigroup,

Inc.

(Banks)

49,220

Citizens

Financial

Group,

Inc.

(Banks)

6,297

CME

Group,

Inc.

(Capital

Markets)

26,286

CMS

Energy

Corp.

(Multi-Utilities)

5,896

Cognizant

Technology

Solutions

Corp.

-

Class

A

(IT

Services)

7,239

Coherent

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

10,958

Coinbase

Global,

Inc.

\*

-

Class

A

(Capital

Markets)

9,604

Colgate-Palmolive

Co.

(Household

Products)

16,961

Comcast

Corp.

-

Class

A

(Media)

890

25,553

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

UltraBull

Common

Stocks,

continued

Shares

Value

Comfort

Systems

USA,

Inc.

(Construction

&

Engineering)

$

12,411

Conagra

Brands,

Inc.

(Food

Products)

1,839

ConocoPhillips

(Oil,

Gas

&

Consumable

Fuels)

39,996

Consolidated

Edison,

Inc.

(Multi-Utilities)

10,186

Constellation

Brands,

Inc.

-

Class

A

(Beverages)

5,250

Constellation

Energy

Corp.

(Electric

Utilities)

21,782

Copart,

Inc.

\*

(Commercial

Services

&

Supplies)

7,271

Corning,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

26,106

Corpay,

Inc.

\*

(Software)

4,947

Corteva,

Inc.

(Chemicals)

13,980

CoStar

Group,

Inc.

\*

(Real

Estate

Management

&

Development)

4,236

Costco

Wholesale

Corp.

(Consumer

Staples

Distribution

&

Retail)

109,607

Coterra

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

6,571

CRH

plc

(Construction

Materials)

17,450

Crowdstrike

Holdings,

Inc.

\*

-

Class

A

(Software)

24,596

Crown

Castle

International

Corp.

(Specialized

REITs)

8,781

CSX

Corp.

(Ground

Transportation)

18,883

Cummins,

Inc.

(Machinery)

18,293

CVS

Health

Corp.

(Health

Care

Providers

&

Services)

22,623

D.R.

Horton,

Inc.

(Household

Durables)

9,331

Danaher

Corp.

(Life

Sciences

Tools

&

Services)

29,577

Darden

Restaurants,

Inc.

(Hotels,

Restaurants

&

Leisure)

5,293

Datadog,

Inc.

\*

-

Class

A

(Software)

9,562

DaVita,

Inc.

\*

(Health

Care

Providers

&

Services)

1,383

Deckers

Outdoor

Corp.

\*

(Textiles,

Apparel

&

Luxury

Goods)

3,503

Deere

&

Co.

(Machinery)

35,488

Dell

Technologies,

Inc.

-

Class

C

(Technology

Hardware,

Storage

&

Peripherals)

12,146

Delta

Air

Lines,

Inc.

(Passenger

Airlines)

10,703

Devon

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

7,699

Dexcom,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

5,966

Diamondback

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

9,098

Digital

Realty

Trust,

Inc.

(Specialized

REITs)

14,417

Dollar

General

Corp.

(Consumer

Staples

Distribution

&

Retail)

6,530

Dollar

Tree,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

4,928

Dominion

Energy,

Inc.

(Multi-Utilities)

13,105

Domino's

Pizza,

Inc.

(Hotels,

Restaurants

&

Leisure)

2,870

DoorDash,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

13,964

Dover

Corp.

(Machinery)

6,879

Dow,

Inc.

(Chemicals)

7,372

DTE

Energy

Co.

(Multi-Utilities)

7,457

Duke

Energy

Corp.

(Electric

Utilities)

25,140

DuPont

de

Nemours,

Inc.

(Chemicals)

4,580

Eaton

Corp.

PLC

(Electrical

Equipment)

34,694

eBay,

Inc.

(Broadline

Retail)

10,194

EchoStar

Corp.

\*

-

Class

A

(Media)

3,863

Ecolab,

Inc.

(Chemicals)

17,025

Edison

International

(Electric

Utilities)

6,952

Edwards

LifeSciences

Corp.

\*

(Health

Care

Equipment

&

Supplies)

11,451

Electronic

Arts,

Inc.

(Entertainment)

11,417

Elevance

Health,

Inc.

(Health

Care

Providers

&

Services)

16,101

Eli

Lilly

&

Co.

(Pharmaceuticals)

180,275

EMCOR

Group,

Inc.

(Construction

&

Engineering)

8,860

Emerson

Electric

Co.

(Electrical

Equipment)

18,212

Common

Stocks,

continued

Shares

Value

Entergy

Corp.

(Electric

Utilities)

$

12,584

EOG

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

19,372

EPAM

Systems,

Inc.

\*

(IT

Services)

1,760

EQT

Corp.

(Oil,

Gas

&

Consumable

Fuels)

9,801

Equifax,

Inc.

(Professional

Services)

5,402

Equinix,

Inc.

(Specialized

REITs)

24,506

Equity

Residential

(Residential

REITs)

4,969

Erie

Indemnity

Co.

-

Class

A

(Insurance)

1,759

Essex

Property

Trust,

Inc.

(Residential

REITs)

3,872

Everest

Group,

Ltd.

(Insurance)

3,595

Evergy,

Inc.

(Electric

Utilities)

4,669

Eversource

Energy

(Electric

Utilities)

6,374

Exelon

Corp.

(Electric

Utilities)

12,402

Expand

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

6,477

Expedia

Group,

Inc.

(Hotels,

Restaurants

&

Leisure)

6,696

Expeditors

International

of

Washington,

Inc.

(Air

Freight

&

Logistics)

4,727

Extra

Space

Storage,

Inc.

(Specialized

REITs)

6,950

Exxon

Mobil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,038

176,107

F5,

Inc.

\*

(Communications

Equipment)

4,051

FactSet

Research

Systems,

Inc.

(Capital

Markets)

2,170

Fair

Isaac

Corp.

\*

(Software)

6,405

Fastenal

Co.

(Trading

Companies

&

Distributors)

13,224

Federal

Realty

Investment

Trust

(Retail

REITs)

2,124

FedEx

Corp.

(Air

Freight

&

Logistics)

19,233

Fidelity

National

Information

Services,

Inc.

(Financial

Services)

5,958

Fifth

Third

Bancorp

(Banks)

10,314

First

Horizon

Corp.

(Banks)

—

(b) 7

First

Solar,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

5,129

FirstEnergy

Corp.

(Electric

Utilities)

6,484

Fiserv,

Inc.

\*

(Financial

Services)

7,366

Ford

Motor

Co.

(Automobiles)

970

11,194

Fortinet,

Inc.

\*

(Software)

12,830

Fortive

Corp.

(Machinery)

4,257

Fox

Corp.

-

Class

A

(Media)

2,920

Fox

Corp.

-

Class

B

(Media)

1,805

Franklin

Resources,

Inc.

(Capital

Markets)

1,748

Freeport-McMoRan,

Inc.

(Metals

&

Mining)

20,867

Garmin,

Ltd.

(Household

Durables)

9,511

Gartner,

Inc.

\*

(IT

Services)

2,692

GE

HealthCare

Technologies,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

7,972

GE

Vernova,

Inc.

(Electrical

Equipment)

59,356

Gen

Digital,

Inc.

(Software)

2,523

Generac

Holdings,

Inc.

\*

(Electrical

Equipment)

2,735

General

Dynamics

Corp.

(Aerospace

&

Defense)

21,623

General

Electric

Co.

(Industrial

Conglomerates)

74,064

General

Mills,

Inc.

(Food

Products)

4,876

General

Motors

Co.

(Automobiles)

16,688

Genuine

Parts

Co.

(Distributors)

3,595

Gilead

Sciences,

Inc.

(Biotechnology)

42,926

Global

Payments,

Inc.

(Financial

Services)

3,903

Globe

Life,

Inc.

(Insurance)

2,783

GoDaddy,

Inc.

\*

-

Class

A

(IT

Services)

2,645

Halliburton

Co.

(Energy

Equipment

&

Services)

8,071

Hasbro,

Inc.

(Leisure

Products)

3,089

HCA

Healthcare,

Inc.

(Health

Care

Providers

&

Services)

18,456

Healthpeak

Properties,

Inc.

(Health

Care

REITs)

2,810

Henry

Schein,

Inc.

\*

(Health

Care

Providers

&

Services)

1,843

Hewlett

Packard

Enterprise

Co.

(Technology

Hardware,

Storage

&

Peripherals)

7,810

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

UltraBull

Common

Stocks,

continued

Shares

Value

Hilton

Worldwide

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

$

17,333

Hologic,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

4,157

Honeywell

International,

Inc.

(Industrial

Conglomerates)

35,487

Hormel

Foods

Corp.

(Food

Products)

1,586

Host

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

2,989

Howmet

Aerospace,

Inc.

(Aerospace

&

Defense)

22,816

HP,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

4,341

Hubbell,

Inc.

(Electrical

Equipment)

6,870

Humana,

Inc.

(Health

Care

Providers

&

Services)

5,202

Huntington

Bancshares,

Inc.

(Banks)

502

7,856

Huntington

Ingalls

Industries,

Inc.

(Aerospace

&

Defense)

3,799

IDEX

Corp.

(Machinery)

3,601

IDEXX

Laboratories,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

11,238

Illinois

Tool

Works,

Inc.

(Machinery)

17,179

Incyte

Corp.

\*

(Biotechnology)

3,859

Ingersoll

Rand,

Inc.

(Machinery)

6,970

Insulet

Corp.

\*

(Health

Care

Equipment

&

Supplies)

3,567

Intel

Corp.

(Semiconductors

&

Semiconductor

Equipment)

1,164

51,367

Interactive

Brokers

Group,

Inc.

-

Class

A

(Capital

Markets)

7,378

Intercontinental

Exchange,

Inc.

(Capital

Markets)

22,176

International

Business

Machines

Corp.

(IT

Services)

56,477

International

Flavors

&

Fragrances,

Inc.

(Chemicals)

4,571

International

Paper

Co.

(Containers

&

Packaging)

4,605

Intuit,

Inc.

(Software)

29,834

Intuitive

Surgical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

40,567

Invesco,

Ltd.

(Capital

Markets)

2,623

Invitation

Homes,

Inc.

(Residential

REITs)

3,429

IQVIA

Holdings,

Inc.

\*

(Life

Sciences

Tools

&

Services)

7,163

Iron

Mountain,

Inc.

(Specialized

REITs)

7,456

J.B.

Hunt

Transport

Services,

Inc.

(Ground

Transportation)

4,026

Jabil,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

6,906

Jack

Henry

&

Associates,

Inc.

(Financial

Services)

2,845

Jacobs

Solutions,

Inc.

(Professional

Services)

3,691

Johnson

&

Johnson

(Pharmaceuticals)

598

146,175

Johnson

Controls

International

PLC

(Building

Products)

19,773

JPMorgan

Chase

&

Co.

(Banks)

670

197,086

Kenvue,

Inc.

\*

(Personal

Care

Products)

8,172

Keurig

Dr

Pepper,

Inc.

(Beverages)

8,847

KeyCorp

(Banks)

4,632

Keysight

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

11,860

Kimberly-Clark

Corp.

(Household

Products)

7,911

Kimco

Realty

Corp.

(Retail

REITs)

3,708

Kinder

Morgan,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

16,262

KKR

&

Co.,

Inc.

(Capital

Markets)

15,818

KLA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

47,117

L3Harris

Technologies,

Inc.

(Aerospace

&

Defense)

15,877

Labcorp

Holdings,

Inc.

(Health

Care

Providers

&

Services)

5,603

Lam

Research

Corp.

(Semiconductors

&

Semiconductor

Equipment)

66,235

Las

Vegas

Sands

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

4,041

Leidos

Holdings,

Inc.

(Professional

Services)

4,821

Lennar

Corp.

-

Class

A

(Household

Durables)

4,603

Lennox

International,

Inc.

(Building

Products)

3,713

Linde

PLC

(Chemicals)

57,508

Common

Stocks,

continued

Shares

Value

Live

Nation

Entertainment,

Inc.

\*

(Entertainment)

$

5,948

Lockheed

Martin

Corp.

-

Class

B

(Aerospace

&

Defense)

30,220

Loews

Corp.

(Insurance)

4,376

Lowe's

Cos.,

Inc.

(Specialty

Retail)

32,843

Lululemon

Athletica,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

3,981

Lumentum

Holdings,

Inc.

\*

(Communications

Equipment)

12,650

LyondellBasell

Industries

N.V.

-

Class

A

(Chemicals)

5,075

M&T

Bank

Corp.

(Banks)

7,855

Marathon

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

17,825

Marriott

International,

Inc.

-

Class

A

(Hotels,

Restaurants

&

Leisure)

18,072

Marsh

&

McLennan

Cos.,

Inc.

(Insurance)

20,987

Martin

Marietta

Materials,

Inc.

(Construction

Materials)

8,830

Masco

Corp.

(Building

Products)

3,019

MasterCard,

Inc.

-

Class

A

(Financial

Services)

100,931

McCormick

&

Co.,

Inc.

(Food

Products)

3,178

McDonald's

Corp.

(Hotels,

Restaurants

&

Leisure)

55,010

McKesson

Corp.

(Health

Care

Providers

&

Services)

25,961

Medtronic

PLC

(Health

Care

Equipment

&

Supplies)

27,555

Merck

&

Co.,

Inc.

(Pharmaceuticals)

617

74,219

Meta

Platforms,

Inc.

-

Class

A

(Interactive

Media

&

Services)

543

310,667

MetLife,

Inc.

(Insurance)

9,618

Mettler-Toledo

International,

Inc.

\*

(Life

Sciences

Tools

&

Services)

6,306

MGM

Resorts

International

(Hotels,

Restaurants

&

Leisure)

1,702

Microchip

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

8,722

Micron

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

94,595

Microsoft

Corp.

(Software)

1,843

682,224

Mid-America

Apartment

Communities,

Inc.

(Residential

REITs)

3,541

Moderna,

Inc.

\*

(Biotechnology)

4,318

Molson

Coors

Beverage

Co.

-

Class

B

(Beverages)

1,765

Mondelez

International,

Inc.

-

Class

A

(Food

Products)

18,329

Monolithic

Power

Systems,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

14,214

Monster

Beverage

Corp.

\*

(Beverages)

12,825

Moody's

Corp.

(Capital

Markets)

16,578

Morgan

Stanley

(Capital

Markets)

49,041

Motorola

Solutions,

Inc.

(Communications

Equipment)

17,793

MSCI,

Inc.

(Capital

Markets)

9,702

Nasdaq,

Inc.

(Capital

Markets)

9,508

NetApp,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

5,017

Netflix,

Inc.

\*

(Entertainment)

1,048

100,765

Newmont

Corp.

(Metals

&

Mining)

29,335

News

Corp.

-

Class

A

(Media)

2,269

News

Corp.

-

Class

B

(Media)

798

NextEra

Energy,

Inc.

(Electric

Utilities)

516

47,927

NIKE,

Inc.

-

Class

B

(Textiles,

Apparel

&

Luxury

Goods)

15,581

NiSource,

Inc.

(Multi-Utilities)

5,506

Nordson

Corp.

(Machinery)

3,725

Norfolk

Southern

Corp.

(Ground

Transportation)

16,072

Northern

Trust

Corp.

(Capital

Markets)

6,420

Northrop

Grumman

Corp.

(Aerospace

&

Defense)

22,514

Norwegian

Cruise

Lines

Holdings,

Ltd.

\*

(Hotels,

Restaurants

&

Leisure)

2,076

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

UltraBull

Common

Stocks,

continued

Shares

Value

NRG

Energy,

Inc.

(Electric

Utilities)

$

7,745

Nucor

Corp.

(Metals

&

Mining)

9,639

NVIDIA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

6,032

1,051,980

NVR,

Inc.

\*

(Household

Durables)

6,590

NXP

Semiconductors

N.V.

(Semiconductors

&

Semiconductor

Equipment)

12,402

Occidental

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

11,570

Old

Dominion

Freight

Line,

Inc.

(Ground

Transportation)

8,793

Omnicom

Group,

Inc.

(Media)

5,799

ON

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

6,006

ONEOK,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

14,101

Oracle

Corp.

(Software)

61,933

O'Reilly

Automotive,

Inc.

\*

(Specialty

Retail)

19,200

Otis

Worldwide

Corp.

(Machinery)

7,400

PACCAR,

Inc.

(Machinery)

15,131

Packaging

Corp.

of

America

(Containers

&

Packaging)

4,669

Palantir

Technologies,

Inc.

\*

-

Class

A

(Software)

567

82,941

Palo

Alto

Networks,

Inc.

\*

(Software)

32,224

Paramount

Skydance

Corp.

\*(a)

-

Class

B

(Media)

640

Parker-Hannifin

Corp.

(Machinery)

27,752

Paychex,

Inc.

(Professional

Services)

7,370

PayPal

Holdings,

Inc.

\*

(Financial

Services)

10,312

Pentair

PLC

(Machinery)

3,484

PepsiCo,

Inc.

(Beverages)

52,799

Pfizer,

Inc.

(Pharmaceuticals)

1,409

39,565

PG&E

Corp.

(Electric

Utilities)

543

9,541

Philip

Morris

International,

Inc.

(Tobacco)

63,986

Phillips

(Oil,

Gas

&

Consumable

Fuels)

18,036

Pinnacle

West

Capital

Corp.

(Electric

Utilities)

2,922

PNC

Financial

Services

Group,

Inc.

(Banks)

20,809

Pool

Corp.

(Distributors)

1,821

PPG

Industries,

Inc.

(Chemicals)

5,985

PPL

Corp.

(Electric

Utilities)

6,952

Principal

Financial

Group,

Inc.

(Insurance)

4,415

Prologis,

Inc.

(Industrial

REITs)

30,534

Prudential

Financial,

Inc.

(Insurance)

8,401

PTC,

Inc.

\*

(Software)

4,132

Public

Service

Enterprise

Group,

Inc.

(Multi-Utilities)

10,038

Public

Storage

(Specialized

REITs)

10,564

PulteGroup,

Inc.

(Household

Durables)

5,528

Qnity

Electronics,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

6,000

QUALCOMM,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

33,998

Quanta

Services,

Inc.

(Construction

&

Engineering)

20,313

Quest

Diagnostics,

Inc.

(Health

Care

Providers

&

Services)

5,291

Ralph

Lauren

Corp.

(Textiles,

Apparel

&

Luxury

Goods)

3,440

Raymond

James

Financial,

Inc.

(Capital

Markets)

6,226

Realty

Income

Corp.

(Retail

REITs)

13,949

Regency

Centers

Corp.

(Retail

REITs)

3,026

Regeneron

Pharmaceuticals,

Inc.

(Biotechnology)

19,316

Regions

Financial

Corp.

(Banks)

5,564

Republic

Services,

Inc.

(Commercial

Services

&

Supplies)

10,951

ResMed,

Inc.

(Health

Care

Equipment

&

Supplies)

8,081

Revvity,

Inc.

(Life

Sciences

Tools

&

Services)

2,453

Robinhood

Markets,

Inc.

\*

-

Class

A

(Capital

Markets)

13,514

Rockwell

Automation,

Inc.

(Electrical

Equipment)

9,690

Rollins,

Inc.

(Commercial

Services

&

Supplies)

3,899

Roper

Technologies,

Inc.

(Software)

9,200

Common

Stocks,

continued

Shares

Value

Ross

Stores,

Inc.

(Specialty

Retail)

$

17,330

Royal

Caribbean

Cruises,

Ltd.

(Hotels,

Restaurants

&

Leisure)

17,336

RTX

Corp.

(Aerospace

&

Defense)

64,235

S&P

Global,

Inc.

(Capital

Markets)

32,326

Salesforce,

Inc.

(Software)

43,494

Sandisk

Corp.

\*

(Semiconductors)

23,508

SBA

Communications

Corp.

-

Class

A

(Specialized

REITs)

4,475

Seagate

Technology

Holdings

PLC

(Technology

Hardware,

Storage

&

Peripherals)

21,155

Sempra

(Multi-Utilities)

15,741

ServiceNow,

Inc.

\*

(Software)

27,078

Simon

Property

Group,

Inc.

(Retail

REITs)

14,923

Skyworks

Solutions,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

1,928

SLB,

Ltd.

(Energy

Equipment

&

Services)

19,066

Smurfit

WestRock

PLC

(Containers

&

Packaging)

5,101

Snap-on,

Inc.

(Machinery)

5,085

Solventum

Corp.

\*

(Health

Care

Equipment

&

Supplies)

2,351

Southwest

Airlines

Co.

(Passenger

Airlines)

4,546

Stanley

Black

&

Decker,

Inc.

(Machinery)

2,700

Starbucks

Corp.

(Hotels,

Restaurants

&

Leisure)

25,264

State

Street

Corp.

(Capital

Markets)

8,733

Steel

Dynamics,

Inc.

(Metals

&

Mining)

6,120

STERIS

PLC

(Health

Care

Equipment

&

Supplies)

5,528

Stryker

Corp.

(Health

Care

Equipment

&

Supplies)

27,930

Super

Micro

Computer,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

2,823

Synchrony

Financial

(Consumer

Finance)

5,782

Synopsys,

Inc.

\*

(Software)

18,635

Sysco

Corp.

(Consumer

Staples

Distribution

&

Retail)

8,417

T. Rowe

Price

Group,

Inc.

(Capital

Markets)

4,868

Take-Two

Interactive

Software,

Inc.

\*

(Entertainment)

8,493

Tapestry,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

7,056

Targa

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

13,289

Target

Corp.

(Consumer

Staples

Distribution

&

Retail)

13,696

TE

Connectivity,

Ltd.

(Electronic

Equipment,

Instruments

&

Components)

15,258

Teledyne

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

7,260

Teradyne,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

11,562

Tesla,

Inc.

\*

(Automobiles)

698

259,481

Texas

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

43,876

Texas

Pacific

Land

Corp.

(Oil,

Gas

&

Consumable

Fuels)

6,644

Textron,

Inc.

(Aerospace

&

Defense)

3,765

The

AES

Corp.

(Independent

Power/Renewable

Electricity

Producers)

2,466

The

Bank

of

New

York

Mellon

Corp.

(Capital

Markets)

20,286

The

Boeing

Co.

\*

(Aerospace

&

Defense)

38,811

The

Charles

Schwab

Corp.

(Capital

Markets)

38,813

The

Cigna

Group

(Health

Care

Providers

&

Services)

17,606

The

Clorox

Co.

(Household

Products)

3,109

The

Coca-Cola

Co.

(Beverages)

960

73,009

The

Cooper

Cos.,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

3,432

The

Estee

Lauder

Cos.,

Inc.

(Personal

Care

Products)

4,378

The

Goldman

Sachs

Group,

Inc.

(Capital

Markets)

63,448

The

Hartford

Financial

Services

Group,

Inc.

(Insurance)

9,331

The

Hershey

Co.

(Food

Products)

7,692

The

Home

Depot,

Inc.

(Specialty

Retail)

81,236

The

J.M.

Smucker

Co.

(Food

Products)

2,507

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

UltraBull

Common

Stocks,

continued

Shares

Value

The

Kraft

Heinz

Co.

(Food

Products)

$

4,700

The

Kroger

Co.

(Consumer

Staples

Distribution

&

Retail)

10,347

The

Mosaic

Co.

(Chemicals)

1,964

The

Procter

&

Gamble

Co.

(Household

Products)

576

83,197

The

Progressive

Corp.

(Insurance)

28,746

The

Sherwin-Williams

Co.

(Chemicals)

18,271

The

Southern

Co.

(Electric

Utilities)

26,350

The

TJX

Cos.,

Inc.

(Specialty

Retail)

44,077

The

Trade

Desk,

Inc.

\*

-

Class

A

(Media)

2,451

The

Travelers

Cos.,

Inc.

(Insurance)

15,751

The

Walt

Disney

Co.

(Entertainment)

42,407

The

Williams

Cos.,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

22,052

Thermo

Fisher

Scientific,

Inc.

(Life

Sciences

Tools

&

Services)

45,711

TKO

Group

Holdings,

Inc.

(Entertainment)

3,226

T-Mobile

U.S.,

Inc.

(Wireless

Telecommunication

Services)

24,784

Tractor

Supply

Co.

(Specialty

Retail)

5,844

Trane

Technologies

PLC

(Building

Products)

22,922

TransDigm

Group,

Inc.

\*

(Aerospace

&

Defense)

16,225

Trimble,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,783

Truist

Financial

Corp.

(Banks)

14,389

Tyler

Technologies,

Inc.

\*

(Software)

3,766

Tyson

Foods,

Inc.

-

Class

A

(Food

Products)

4,485

U.S.

Bancorp

(Banks)

20,024

Uber

Technologies,

Inc.

\*

(Ground

Transportation)

511

36,756

UDR,

Inc.

(Residential

REITs)

2,466

Ulta

Beauty,

Inc.

\*

(Specialty

Retail)

6,273

Union

Pacific

Corp.

(Ground

Transportation)

35,665

United

Airlines

Holdings,

Inc.

\*

(Passenger

Airlines)

7,366

United

Parcel

Service,

Inc.

-

Class

B

(Air

Freight

&

Logistics)

18,004

United

Rentals,

Inc.

(Trading

Companies

&

Distributors)

10,928

UnitedHealth

Group,

Inc.

(Health

Care

Providers

&

Services)

60,883

Universal

Health

Services,

Inc.

-

Class

B

(Health

Care

Providers

&

Services)

2,506

Valero

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

18,778

Ventas,

Inc.

(Health

Care

REITs)

9,568

Veralto

Corp.

\*

(Commercial

Services

&

Supplies)

5,394

VeriSign,

Inc.

(IT

Services)

5,216

Verisk

Analytics,

Inc.

(Professional

Services)

6,452

Verizon

Communications,

Inc.

(Diversified

Telecommunication

Services)

1,045

52,459

Vertex

Pharmaceuticals,

Inc.

\*

(Biotechnology)

28,579

Vertiv

Holdings

Company

-

Class

A

(Electrical

Equipment)

23,805

Viatris,

Inc.

(Pharmaceuticals)

3,837

VICI

Properties,

Inc.

(Specialized

REITs)

7,185

Visa,

Inc.

-

Class

A

(Financial

Services)

126,034

Vistra

Corp.

(Independent

Power/Renewable

Electricity

Producers)

11,876

Vulcan

Materials

Co.

(Construction

Materials)

8,986

W.R.

Berkley

Corp.

(Insurance)

4,905

W.W.

Grainger,

Inc.

(Trading

Companies

&

Distributors)

11,999

Wabtec

Corp.

(Machinery)

10,496

Walmart,

Inc.

(Consumer

Staples

Distribution

&

Retail)

1,089

135,341

Warner

Bros.

Discovery,

Inc.

\*

(Entertainment)

614

16,860

Waste

Management,

Inc.

(Commercial

Services

&

Supplies)

21,140

Waters

Corp.

\*

(Life

Sciences

Tools

&

Services)

7,445

WEC

Energy

Group,

Inc.

(Multi-Utilities)

9,262

Wells

Fargo

&

Co.

(Banks)

768

61,140

Common

Stocks,

continued

Shares

Value

Welltower,

Inc.

(Health

Care

REITs)

$

34,401

West

Pharmaceutical

Services,

Inc.

(Life

Sciences

Tools

&

Services)

4,512

Western

Digital

Corp.

(Technology

Hardware,

Storage

&

Peripherals)

22,721

Weyerhaeuser

Co.

(Specialized

REITs)

4,349

Williams-Sonoma,

Inc.

(Specialty

Retail)

5,288

Willis

Towers

Watson

PLC

(Insurance)

6,977

Workday,

Inc.

\*

-

Class

A

(Software)

6,886

Wynn

Resorts,

Ltd.

(Hotels,

Restaurants

&

Leisure)

2,133

Xcel

Energy,

Inc.

(Electric

Utilities)

11,598

Xylem,

Inc.

(Machinery)

7,290

Yum!

Brands,

Inc.

(Hotels,

Restaurants

&

Leisure)

10,728

Zebra

Technologies

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

2,718

Zimmer

Biomet

Holdings,

Inc.

(Health

Care

Equipment

&

Supplies)

4,431

Zoetis,

Inc.

(Pharmaceuticals)

12,412

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $2,700,961)

13,873,912

Repurchase

Agreements

(c)(d) (19.0%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$3,537,345

$

3,537,000

3,537,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$3,537,000)

3,537,000

Collateral

for

Securities

Loaned

(e) (NM)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 3.67%

(f) 1,649

1,649

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,649)

1,649

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$6,480,983)— 94.9%

17,653,934

Net

other

assets

(liabilities) —

5.1%

953,519

NET

ASSETS

—

100.0%

$

18,607,453

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

March

31,

2026. The

total

value

of

securities

on

loan

as

of

March

31,

2026

was

$1,611.

(b) Number

of

shares

is

less

than

0.50. (c) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$2,603,000.

(d) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

(e) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

March

31,

2026. (f) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

March

31,

2026. NM

Not

meaningful,

amount

is

less

than

0.05%

REIT

Real

Estate

Investment

Trust

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

UltraBull

Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

E-mini

S&P

500

Futures

Contracts

6/22/26

$

2,956,838

$

(70,492)

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

500

Goldman

Sachs

International

4/27/26

4.39%

$

7,347,849

$

177,071

SPDR

S&P

500

ETF

Goldman

Sachs

International

4/27/26

4.30%

1,046,976

25,675

$8,394,825

$202,746

S&P

500

UBS

AG

4/27/26

4.44%

$7,990,908

$171,160

SPDR

S&P

500

ETF

UBS

AG

4/27/26

4.44%

3,987,662

79,358

$11,978,570

$250,518

$20,373,395

$453,264

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

ProFund

VP

UltraBull

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

248,379

1.3%

Air

Freight

&

Logistics

46,780

0.3%

Automobile

Components

3,680

NM

Automobiles

287,363

1.5%

Banks

485,436

2.6%

Beverages

155,605

0.8%

Biotechnology

248,223

1.3%

Broadline

Retail

515,250

2.9%

Building

Products

67,484

0.4%

Capital

Markets

446,369

2.4%

Chemicals

162,578

0.9%

Commercial

Services

&

Supplies

62,863

0.3%

Communications

Equipment

155,629

0.8%

Construction

&

Engineering

41,584

0.2%

Construction

Materials

35,266

0.2%

Consumer

Finance

74,288

0.4%

Consumer

Staples

Distribution

&

Retail

288,866

1.6%

Containers

&

Packaging

26,089

0.1%

Distributors

5,416

NM

Diversified

Telecommunication

Services

102,757

0.6%

Electric

Utilities

231,508

1.3%

Electrical

Equipment

167,581

0.9%

Electronic

Equipment,

Instruments

&

Components

127,259

0.7%

Energy

Equipment

&

Services

42,094

0.2%

Entertainment

189,116

1.0%

Financial

Services

496,853

2.6%

Food

Products

63,087

0.3%

Gas

Utilities

7,574

NM

Value

%

of

Net

Assets

Ground

Transportation

$

120,195

0.6%

Health

Care

Equipment

&

Supplies

247,530

1.3%

Health

Care

Providers

&

Services

214,736

1.2%

Health

Care

REITs

46,779

0.3%

Hotel

&

Resort

REITs

2,989

NM

Hotels,

Restaurants

&

Leisure

247,085

1.3%

Household

Durables

35,563

0.2%

Household

Products

116,684

0.6%

Independent

Power/Renewable

Electricity

Producers

14,342

0.1%

Industrial

Conglomerates

128,576

0.7%

Industrial

REITs

30,534

0.2%

Insurance

240,355

1.3%

Interactive

Media

&

Services

1,058,948

5.7%

IT

Services

110,304

0.6%

Leisure

Products

3,089

NM

Life

Sciences

Tools

&

Services

115,375

0.6%

Machinery

257,912

1.4%

Media

50,847

0.3%

Metals

&

Mining

65,961

0.4%

Multi-Utilities

91,615

0.5%

Office

REITs

3,632

NM

Oil,

Gas

&

Consumable

Fuels

513,579

2.8%

Passenger

Airlines

22,615

0.1%

Personal

Care

Products

12,550

0.1%

Pharmaceuticals

487,111

2.7%

Prime

Broker

Cash

241,373

1.3%

Professional

Services

52,562

0.3%

Real

Estate

Management

&

Development

13,989

0.1%

Residential

REITs

26,534

0.1%

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

UltraBull

Value

%

of

Net

Assets

Retail

REITs

$

37,730

0.2%

Semiconductors

23,508

0.1%

Semiconductors

&

Semiconductor

Equipment

2,007,446

10.8%

Software

1,146,408

6.1%

Specialized

REITs

108,875

0.6%

Specialty

Retail

239,687

1.3%

Technology

Hardware,

Storage

&

Peripherals

1,000,824

5.4%

Textiles,

Apparel

&

Luxury

Goods

33,561

0.2%

Tobacco

91,438

0.5%

Trading

Companies

&

Distributors

36,151

0.2%

Water

Utilities

6,532

NM

Wireless

Telecommunication

Services

24,784

0.1%

Other

\*\*

4,492,168

24.1%

Total

$

18,607,453

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

NM

Not

meaningful,

amount

is

less

than

0.05%

REIT

Real

Estate

Investment

Trust

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

UltraMid-Cap

Common

Stocks

(71.3%)

Shares

Value

AAON,

Inc.

(Building

Products)

$

11,585

Abercrombie

&

Fitch

Co.

\*

-

Class

A

(Specialty

Retail)

8,680

Acuity,

Inc.

(Electrical

Equipment)

17,654

Advanced

Drainage

Systems,

Inc.

(Building

Products)

20,432

Advanced

Energy

Industries,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

25,171

AECOM

\*

(Construction

&

Engineering)

22,732

AeroVironment,

Inc.

\*

(Aerospace

&

Defense)

12,081

Affiliated

Managers

Group,

Inc.

(Capital

Markets)

16,049

AGCO

Corp.

(Machinery)

14,484

Agree

Realty

Corp.

(Retail

REITs)

18,769

Alaska

Air

Group,

Inc.

\*

(Passenger

Airlines)

8,754

Albertsons

Cos.,

Inc.

-

Class

A

(Consumer

Staples

Distribution

&

Retail)

768

13,087

Alcoa

Corp.

(Metals

&

Mining)

537

35,619

Allegro

MicroSystems,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

8,135

Ally

Financial,

Inc.

(Consumer

Finance)

582

22,832

American

Airlines

Group,

Inc.

\*

(Passenger

Airlines)

1,370

14,713

American

Financial

Group,

Inc.

(Insurance)

18,390

American

Healthcare

REIT,

Inc.

(Health

Care

REITs)

17,355

American

Homes

Rent

-

Class

A

(Residential

REITs)

676

18,874

Amkor

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

10,627

Annaly

Capital

Management,

Inc.

(Mortgage

REITs)

1,490

31,513

Antero

Midstream

Corp.

(Oil,

Gas

&

Consumable

Fuels)

687

15,664

Antero

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

608

25,804

API

Group

Corp.

\*

(Industrial

Support

Services)

796

32,254

Appfolio,

Inc.

\*

-

Class

A

(Software)

7,891

Applied

Industrial

Technologies,

Inc.

(Trading

Companies

&

Distributors)

20,430

AptarGroup,

Inc.

(Containers

&

Packaging)

16,887

Aramark

(Hotels,

Restaurants

&

Leisure)

545

22,094

Arrow

Electronics,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

15,201

Arrowhead

Pharmaceuticals,

Inc.

\*

(Biotechnology)

18,246

Ashland,

Inc.

(Chemicals)

5,283

Associated

Banc-Corp.

(Banks)

8,767

ATI,

Inc.

(Metals

&

Mining)

41,020

Autoliv,

Inc.

(Automobile

Components)

15,038

AutoNation,

Inc.

\*

(Specialty

Retail)

10,544

Avantor,

Inc.

\*

(Life

Sciences

Tools

&

Services)

1,415

11,094

Avient

Corp.

(Chemicals)

6,897

Avis

Budget

Group,

Inc.

\*(a)

(Ground

Transportation)

5,105

Avnet,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

10,475

Axalta

Coating

Systems,

Ltd.

\*

(Chemicals)

12,271

Bank

OZK

(Banks)

9,866

Bath

&

Body

Works,

Inc.

(Retail

-

Discretionary)

7,935

Belden,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

9,416

BellRing

Brands,

Inc.

\*

(Personal

Care

Products)

3,910

Bentley

Systems,

Inc.

-

Class

B

(Software)

10,852

BILL

Holdings,

Inc.

\*

(Software)

7,009

BioMarin

Pharmaceutical,

Inc.

\*

(Biotechnology)

22,540

Bio-Rad

Laboratories,

Inc.

\*

-

Class

A

(Life

Sciences

Tools

&

Services)

10,593

BJ's

Wholesale

Club

Holdings,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

26,672

Black

Hills

Corp.

(Multi-Utilities)

10,898

Blackbaud,

Inc.

(Software)

2,857

Booz

Allen

Hamilton

Holding

Corporation

(Professional

Services)

19,508

BorgWarner,

Inc.

(Automobile

Components)

23,332

Boyd

Gaming

Corp.

(Hotels,

Restaurants

&

Leisure)

9,862

Brighthouse

Financial,

Inc.

\*

(Insurance)

7,126

Brixmor

Property

Group,

Inc.

(Retail

REITs)

636

18,317

Common

Stocks,

continued

Shares

Value

Bruker

Corp.

\*

(Life

Sciences

Tools

&

Services)

$

8,308

Brunswick

Corp.

(Leisure

Products)

9,822

Burlington

Stores,

Inc.

\*

(Specialty

Retail)

41,973

BWX

Technologies,

Inc.

(Aerospace

&

Defense)

38,853

Cabot

Corp.

(Chemicals)

8,133

CACI

International,

Inc.

\*

-

Class

A

(Professional

Services)

25,017

Capri

Holdings,

Ltd.

\*

(Textiles,

Apparel

&

Luxury

Goods)

4,352

CareTrust

REIT,

Inc.

(Health

Care

REITs)

16,969

Carlisle

Cos.,

Inc.

(Building

Products)

28,357

Carpenter

Technology

Corp.

(Metals

&

Mining)

40,597

Casey's

General

Stores,

Inc.

(Consumer

Staples

Distribution

&

Retail)

56,046

Cava

Group,

Inc.

\*

(Leisure

Facilities

&

Services)

16,747

Celsius

Holdings,

Inc.

\*

(Beverages)

11,779

Chart

Industries,

Inc.

\*

(Machinery)

19,228

Chemed

Corp.

(Health

Care

Providers

&

Services)

10,954

Chewy,

Inc.

\*

-

Class

A

(Specialty

Retail)

13,365

Choice

Hotels

International,

Inc.

\*(a)

(Hotels,

Restaurants

&

Leisure)

4,451

Chord

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

16,777

Churchill

Downs,

Inc.

(Hotels,

Restaurants

&

Leisure)

12,307

Cirrus

Logic,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

15,330

Clean

Harbors,

Inc.

\*

(Commercial

Services

&

Supplies)

29,820

Cleveland-Cliffs,

Inc.

\*

(Metals

&

Mining)

1,183

9,996

CNH

Industrial

N.V.

(Machinery)

1,836

20,196

CNO

Financial

Group,

Inc.

(Insurance)

8,048

CNX

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

11,372

Coca-Cola

Consolidated,

Inc.

(Beverages)

22,434

Cognex

Corp.

(Electronic

Equipment,

Instruments

&

Components)

16,853

Columbia

Banking

System,

Inc.

(Banks)

613

16,815

Columbia

Sportswear

Co.

(Textiles,

Apparel

&

Luxury

Goods)

2,905

Commerce

Bancshares,

Inc.

(Banks)

13,973

Commercial

Metals

Co.

(Metals

&

Mining)

14,129

CommVault

Systems,

Inc.

\*

(Software)

7,088

Concentrix

Corp.

(Professional

Services)

2,490

COPT

Defense

Properties

(Office

REITs)

7,160

Core

&

Main,

Inc.

\*

-

Class

A

(Trading

Companies

&

Distributors)

19,365

Corebridge

Financial,

Inc

(Financial

Services)

530

12,646

Coty,

Inc.

-

Class

A

(Personal

Care

Products)

767

1,542

Cousins

Properties,

Inc.

(Office

REITs)

7,877

Crane

Co.

(Machinery)

17,442

Crane

NXT

Co.

(Electronic

Equipment,

Instruments

&

Components)

4,140

Crocs,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

8,634

Crown

Holdings,

Inc.

(Containers

&

Packaging)

23,358

CubeSmart

(Specialized

REITs)

17,335

Cullen/Frost

Bankers,

Inc.

(Banks)

17,957

Curtiss-Wright

Corp.

(Aerospace

&

Defense)

51,766

Cytokinetics,

Inc.

\*

(Biotechnology)

16,741

Darling

Ingredients,

Inc.

\*

(Food

Products)

20,286

DENTSPLY

SIRONA,

Inc.

(Health

Care

Equipment

&

Supplies)

4,802

Dick's

Sporting

Goods,

Inc.

(Specialty

Retail)

27,364

DocuSign,

Inc.

\*

(Software)

19,675

Dolby

Laboratories,

Inc.

\*

-

Class

A

(Software)

7,568

Donaldson

Co.,

Inc.

(Machinery)

20,284

Doximity,

Inc.

\*

-

Class

A

(Health

Care

Technology)

6,477

Dropbox,

Inc.

\*

-

Class

A

(Software)

8,225

DT

Midstream,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

28,415

Duolingo,

Inc.

\*

(Diversified

Consumer

Services)

8,181

Dutch

Bros,

Inc.

\*

(Leisure

Facilities

&

Services)

13,374

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

UltraMid-Cap

Common

Stocks,

continued

Shares

Value

Dycom

Industries,

Inc.

\*

(Construction

&

Engineering)

$

21,007

Dynatrace,

Inc.

\*

(Software)

619

22,891

Eagle

Materials,

Inc.

(Construction

Materials)

12,314

East

West

Bancorp,

Inc.

(Banks)

30,426

EastGroup

Properties,

Inc.

(Industrial

REITs)

20,359

Elanco

Animal

Health,

Inc.

\*

(Pharmaceuticals)

1,031

24,672

elf

Beauty,

Inc.

\*

(Personal

Care

Products)

7,455

Encompass

Health

Corp.

(Health

Care

Providers

&

Services)

20,217

EnerSys

(Electrical

Equipment)

13,203

Entegris,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

36,930

Envista

Holdings

Corp.

\*

(Health

Care

Equipment

&

Supplies)

8,626

EPR

Properties

(Specialized

REITs)

7,894

Equitable

Holdings,

Inc.

(Financial

Services)

588

21,821

Equity

LifeStyle

Properties,

Inc.

(Residential

REITs)

25,093

Esab

Corp.

(Machinery)

11,406

Essent

Group,

Ltd.

(Financial

Services)

11,571

Essential

Utilities,

Inc.

(Water

Utilities)

587

23,638

Euronet

Worldwide,

Inc.

\*

(Financial

Services)

5,376

Evercore,

Inc.

(Capital

Markets)

23,880

Exelixis,

Inc.

\*

(Biotechnology)

539

23,118

ExlService

Holdings,

Inc.

\*

(Professional

Services)

9,927

Exponent,

Inc.

(Professional

Services)

6,721

F.N.B.

Corp.

(Banks)

741

12,390

Fabrinet

\*

(Electronic

Equipment,

Instruments

&

Components)

38,592

Federated

Hermes,

Inc.

-

Class

B

(Capital

Markets)

8,677

Fidelity

National

Financial,

Inc.

(Insurance)

529

24,535

First

American

Financial

Corp.

(Insurance)

12,721

First

Financial

Bankshares,

Inc.

(Banks)

7,952

First

Horizon

Corp.

(Banks)

1,006

22,897

First

Industrial

Realty

Trust,

Inc.

(Industrial

REITs)

15,909

FirstCash

Holdings,

Inc.

(Consumer

Finance)

15,040

Five

Below,

Inc.

\*

(Specialty

Retail)

26,047

Flex,

Ltd.

\*

(Electronic

Equipment,

Instruments

&

Components)

763

49,947

Floor

&

Decor

Holdings,

Inc.

\*

-

Class

A

(Specialty

Retail)

11,379

Flowers

Foods,

Inc.

(Food

Products)

3,570

Flowserve

Corp.

(Machinery)

19,407

Fluor

Corp.

(Construction

&

Engineering)

15,581

Fortune

Brands

Innovations,

Inc.

(Building

Products)

9,704

FTI

Consulting,

Inc.

\*

(Professional

Services)

11,137

GameStop

Corp.

-

Class

A

(Specialty

Retail)

855

19,699

Gaming

and

Leisure

Properties,

Inc.

(Specialized

REITs)

587

26,045

GATX

Corp.

(Trading

Companies

&

Distributors)

12,635

Genpact,

Ltd.

(Professional

Services)

12,255

Gentex

Corp.

(Automobile

Components)

9,920

Glacier

Bancorp,

Inc.

(Banks)

11,927

Globus

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

19,903

Graco,

Inc.

(Machinery)

29,120

Graham

Holdings

Co.

-

Class

B

(Diversified

Consumer

Services)

7,401

Grand

Canyon

Education,

Inc.

\*

(Diversified

Consumer

Services)

9,692

Graphic

Packaging

Holding

Co.

(Containers

&

Packaging)

612

6,083

Greif,

Inc.

-

Class

A

(Containers

&

Packaging)

3,421

Guidewire

Software,

Inc.

\*

(Software)

26,322

GXO

Logistics,

Inc.

\*

(Air

Freight

&

Logistics)

12,340

H&R

Block,

Inc.

(Diversified

Consumer

Services)

8,348

Common

Stocks,

continued

Shares

Value

Haemonetics

Corp.

\*

(Health

Care

Equipment

&

Supplies)

$

5,411

Halozyme

Therapeutics,

Inc.

\*

(Biotechnology)

15,770

Hamilton

Lane,

Inc.

-

Class

A

(Capital

Markets)

8,449

Hancock

Whitney

Corp.

(Banks)

10,874

Harley-Davidson,

Inc.

(Automobiles)

4,954

Healthcare

Realty

Trust,

Inc.

(Health

Care

REITs)

724

12,301

HealthEquity,

Inc.

\*

(Health

Care

Providers

&

Services)

14,792

Hecla

Mining

Co.

(Metals

&

Mining)

1,390

25,896

Hexcel

Corp.

(Aerospace

&

Defense)

12,706

HF

Sinclair

Corp.

(Oil,

Gas

&

Consumable

Fuels)

20,214

Hilton

Grand

Vacations,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

4,851

Hims

&

Hers

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

8,968

Home

BancShares,

Inc.

(Banks)

10,233

Houlihan

Lokey,

Inc.

(Capital

Markets)

16,229

Hyatt

Hotels

Corp.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

12,366

IDACORP,

Inc.

(Electric

Utilities)

16,013

Illumina,

Inc.

\*

(Life

Sciences

Tools

&

Services)

39,072

Independence

Realty

Trust,

Inc.

(Residential

REITs)

7,311

Ingredion,

Inc.

(Food

Products)

14,758

InterDigital,

Inc.

(Software)

16,006

International

Bancshares

Corp.

(Banks)

7,536

IPG

Photonics

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

5,959

ITT,

Inc.

(Machinery)

33,913

Janus

Henderson

Group

PLC

(Capital

Markets)

13,151

Jazz

Pharmaceuticals

PLC

\*

(Pharmaceuticals)

23,820

Jefferies

Financial

Group,

Inc.

(Capital

Markets)

14,156

Jones

Lang

LaSalle,

Inc.

\*

(Real

Estate

Management

&

Development)

29,823

KB

Home

(Household

Durables)

6,779

KBR,

Inc.

(Professional

Services)

9,694

Kilroy

Realty

Corp.

(Office

REITs)

6,375

Kinsale

Capital

Group,

Inc.

(Insurance)

15,716

Kirby

Corp.

\*

(Marine

Transportation)

14,883

Kite

Realty

Group

Trust

(Retail

REITs)

11,023

Knife

River

Corp.

(Construction

Materials)

9,635

Knight-Swift

Transportation

Holdings,

Inc.

(Ground

Transportation)

19,404

Kratos

Defense

&

Security

Solutions,

Inc.

\*

(Aerospace

&

Defense)

27,005

Kyndryl

Holdings,

Inc.

\*

(IT

Services)

6,219

Lamar

Advertising

Co.

-

Class

A

(Specialized

REITs)

22,799

Lancaster

Colony

Corp.

(Food

Products)

5,810

Landstar

System,

Inc.

(Ground

Transportation)

11,382

Lantheus

Holdings,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

10,467

Lattice

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

26,344

Lear

Corp.

(Automobile

Components)

12,713

Lincoln

Electric

Holdings,

Inc.

(Machinery)

28,395

Lithia

Motors,

Inc.

-

Class

A

(Specialty

Retail)

12,486

Littelfuse,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

17,646

LivaNova

PLC

\*

(Health

Care

Equipment

&

Supplies)

7,182

Louisiana-Pacific

Corp.

(Paper

&

Forest

Products)

9,530

MACOM

Technology

Solutions

Holdings,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

29,757

Macy's,

Inc.

(Broadline

Retail)

552

9,986

Manhattan

Associates,

Inc.

\*

(Software)

16,507

Maplebear,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

14,272

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

UltraMid-Cap

Common

Stocks,

continued

Shares

Value

Masimo

Corp.

\*

(Health

Care

Equipment

&

Supplies)

$

16,898

MasTec,

Inc.

\*

(Construction

&

Engineering)

40,861

Matador

Resources

Co.

(Oil,

Gas

&

Consumable

Fuels)

15,290

Mattel,

Inc.

\*

(Leisure

Products)

645

9,372

Maximus,

Inc.

(Professional

Services)

7,243

Medpace

Holdings,

Inc.

\*

(Life

Sciences

Tools

&

Services)

22,569

MGIC

Investment

Corp.

(Financial

Services)

11,944

MKS,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

31,944

Moog,

Inc.

-

Class

A

(Aerospace

&

Defense)

17,266

Morningstar,

Inc.

(Capital

Markets)

8,114

MP

Materials

Corp.

\*

(Metals

&

Mining)

13,465

MSA

Safety,

Inc.

(Commercial

Services

&

Supplies)

12,460

MSC

Industrial

Direct

Co.,

Inc.

(Trading

Companies

&

Distributors)

8,766

Mueller

Industries,

Inc.

(Machinery)

25,484

Murphy

Oil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

11,468

Murphy

USA,

Inc.

(Specialty

Retail)

17,289

National

Fuel

Gas

Co.

(Gas

Utilities)

18,511

National

Storage

Affiliates

Trust

(Specialized

REITs)

5,548

Neurocrine

Biosciences,

Inc.

\*

(Biotechnology)

27,402

New

Jersey

Resources

Corp.

(Gas

Utilities)

11,478

New

York

Community

Bancorp,

Inc.

(Banks)

621

8,179

NewMarket

Corp.

(Chemicals)

10,255

Nexstar

Media

Group,

Inc.

(Media)

10,669

Nextpower,

Inc.

\*

-

Class

A

(Electrical

Equipment)

37,129

NNN

REIT,

Inc.

(Retail

REITs)

16,560

NorthWestern

Energy

Group,

Inc.

(Multi-Utilities)

8,374

NOV,

Inc.

(Energy

Equipment

&

Services)

748

14,070

Novanta,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

8,740

Nutanix,

Inc.

\*

-

Class

A

(Software)

561

21,324

nVent

Electric

PLC

(Electrical

Equipment)

39,624

OGE

Energy

Corp.

(Electric

Utilities)

20,431

Okta,

Inc.

\*

(IT

Services)

27,706

Old

National

Bancorp

(Banks)

719

15,890

Old

Republic

International

Corp.

(Insurance)

18,833

Olin

Corp.

(Chemicals)

7,016

Ollie's

Bargain

Outlet

Holdings,

Inc.

\*

(Broadline

Retail)

11,689

Omega

Healthcare

Investors,

Inc.

(Health

Care

REITs)

613

26,862

ONE

Gas,

Inc.

(Gas

Utilities)

10,680

Onto

Innovation,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

21,122

Option

Care

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

8,857

Ormat

Technologies,

Inc.

(Independent

Power/

Renewable

Electricity

Producers)

14,102

Oshkosh

Corp.

(Machinery)

19,285

Ovintiv,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

576

34,190

Owens

Corning

(Building

Products)

18,506

Park

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

4,370

Parsons

Corp.

\*

(Professional

Services)

5,959

Paylocity

Holding

Corp.

\*

(Professional

Services)

9,832

PBF

Energy,

Inc.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

8,191

Pegasystems,

Inc.

(Software)

8,044

Penske

Automotive

Group,

Inc.

(Specialty

Retail)

5,682

Penumbra,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

26,598

Performance

Food

Group

Co.

\*

(Consumer

Staples

Distribution

&

Retail)

27,925

Permian

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,536

32,747

Pilgrim's

Pride

Corp.

\*

(Food

Products)

3,361

Pinnacle

Financial

Partners,

Inc.

(Banks)

26,875

Common

Stocks,

continued

Shares

Value

Pinterest,

Inc.

\*

-

Class

A

(Interactive

Media

&

Services)

1,215

$

22,283

Planet

Fitness,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

12,793

Polaris,

Inc.

(Leisure

Products)

6,050

Portland

General

Electric

Co.

(Electric

Utilities)

12,295

Post

Holdings,

Inc.

\*

(Food

Products)

8,700

Primerica,

Inc.

(Insurance)

16,532

Prosperity

Bancshares,

Inc.

(Banks)

14,108

Pure

Storage,

Inc.

\*

-

Class

A

(Technology

Hardware,

Storage

&

Peripherals)

651

38,435

PVH

Corp.

(Textiles,

Apparel

&

Luxury

Goods)

6,627

Qualys,

Inc.

\*

(Software)

6,501

Rambus,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

19,185

Range

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

22,229

Rayonier,

Inc.

(Specialized

REITs)

577

11,898

Rb

Global,

Inc.

\*

(Commercial

Services

&

Supplies)

36,902

RBC

Bearings,

Inc.

\*

(Machinery)

35,845

Regal

Rexnord

Corp.

(Electrical

Equipment)

25,842

Reinsurance

Group

of

America,

Inc.

(Insurance)

27,765

Reliance,

Inc.

(Metals

&

Mining)

32,823

RenaissanceRe

Holdings,

Ltd.

(Insurance)

26,751

Repligen

Corp.

\*

(Life

Sciences

Tools

&

Services)

12,960

Rexford

Industrial

Realty,

Inc.

(Industrial

REITs)

15,645

RH

\*

(Specialty

Retail)

4,474

RLI

Corp.

(Insurance)

10,895

Roivant

Sciences,

Ltd.

\*

(Biotechnology)

935

25,900

Royal

Gold,

Inc.

(Metals

&

Mining)

42,755

RPM

International,

Inc.

(Chemicals)

26,441

Ryan

Specialty

Holdings,

Inc.

\*

(Insurance)

7,996

Ryder

System,

Inc.

(Ground

Transportation)

16,786

Sabra

Health

Care

REIT,

Inc.

(Health

Care

REITs)

523

10,057

Saia,

Inc.

\*

(Ground

Transportation)

19,320

Science

Applications

International

Corp.

(Professional

Services)

8,922

SEI

Investments

Co.

(Capital

Markets)

15,145

Selective

Insurance

Group,

Inc.

(Insurance)

9,424

Sensata

Technologies

Holding

PLC

(Electrical

Equipment)

10,636

Service

Corp.

International

(Diversified

Consumer

Services)

23,845

Shift4

Payments,

Inc.

\*(a)

-

Class

A

(Financial

Services)

6,122

Silicon

Laboratories,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

14,154

Siligan

Holdings,

Inc.

(Containers

&

Packaging)

7,062

Simpson

Manufacturing

Co.,

Inc.

(Building

Products)

14,759

SiTime

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

15,886

SLM

Corp.

(Consumer

Finance)

8,842

Solstice

Advanced

Materials,

Inc.

\*

(Chemicals)

25,057

Sonoco

Products

Co.

(Containers

&

Packaging)

11,088

Sotera

Health

Co.

\*

(Life

Sciences

Tools

&

Services)

6,926

SouthState

Bank

Corp.

(Banks)

19,059

Southwest

Gas

Holdings,

Inc.

(Gas

Utilities)

11,558

Spire,

Inc.

(Gas

Utilities)

11,136

Sprouts

Farmers

Market,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

15,580

SPX

Technologies,

Inc.

\*

(Machinery)

20,594

STAG

Industrial,

Inc.

(Industrial

REITs)

14,280

STANDARDAERO

INC

\*

(Aerospace

&

Defense)

10,151

Starwood

Property

Trust,

Inc.

(Mortgage

REITs)

722

12,433

Sterling

Infrastructure,

Inc.

\*

(Construction

&

Engineering)

26,065

Stifel

Financial

Corp.

(Capital

Markets)

23,359

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

UltraMid-Cap

Common

Stocks,

continued

Shares

Value

Synaptics,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

$

5,603

Talen

Energy

Corp.

\*

(Electric

Utilities)

30,327

Taylor

Morrison

Home

Corp.

\*

(Household

Durables)

11,823

TD

SYNNEX

Corp.

(Electronic

Equipment,

Instruments

&

Components)

26,319

TechnipFMC

PLC

(Energy

Equipment

&

Services)

839

58,001

Tempur

Sealy

International,

Inc.

(Household

Durables)

32,156

Tenet

Healthcare

Corp.

\*

(Health

Care

Providers

&

Services)

34,345

Terex

Corp.

(Machinery)

13,948

Tetra

Tech,

Inc.

(Commercial

Services

&

Supplies)

541

16,295

Texas

Capital

Bancshares,

Inc.

\*

(Banks)

8,729

Texas

Roadhouse,

Inc.

(Hotels,

Restaurants

&

Leisure)

22,623

The

Boston

Beer

Co.,

Inc.

\*

-

Class

A

(Beverages)

3,686

The

Brink's

Co.

(Commercial

Services

&

Supplies)

8,912

The

Carlyle

Group,

Inc.

(Capital

Markets)

538

26,033

The

Ensign

Group,

Inc.

(Health

Care

Providers

&

Services)

24,180

The

Gap,

Inc.

(Specialty

Retail)

11,398

The

Goodyear

Tire

&

Rubber

Co.

\*

(Automobile

Components)

594

3,938

The

Hanover

Insurance

Group,

Inc.

(Insurance)

12,655

The

Middleby

Corp.

\*

(Machinery)

12,728

The

New

York

Times

Co.

-

Class

A

(Media)

28,049

The

Scotts

Miracle-Gro

Co.

(Chemicals)

5,655

The

Timken

Co.

(Machinery)

13,275

The

Toro

Co.

(Machinery)

18,875

Thor

Industries,

Inc.

(Automobiles)

8,788

Toll

Brothers,

Inc.

(Household

Durables)

26,885

TopBuild

Corp.

\*

(Household

Durables)

20,375

TransUnion

(Professional

Services)

27,606

Travel

+

Leisure

Co.

(Hotels,

Restaurants

&

Leisure)

9,202

Trex

Co.,

Inc.

\*

(Building

Products)

8,122

TTM

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

20,848

Twilio,

Inc.

\*

-

Class

A

(Software)

39,632

TXNM

Energy,

Inc.

(Electric

Utilities)

11,867

UFP

Industries,

Inc.

(Building

Products)

11,147

UGI

Corp.

(Gas

Utilities)

16,207

UiPath,

Inc.

\*

-

Class

A

(Software)

888

9,857

UL

Solutions,

Inc.

\*

-

Class

A

(Professional

Services)

13,714

UMB

Financial

Corp.

(Banks)

16,693

United

Bankshares,

Inc.

(Banks)

12,012

United

Therapeutics

Corp.

\*

(Biotechnology)

52,774

Universal

Display

Corp.

(Semiconductors

&

Semiconductor

Equipment)

8,433

Unum

Group

(Insurance)

23,077

US

Foods

Holding

Corp.

\*

(Consumer

Staples

Distribution

&

Retail)

42,232

Vail

Resorts,

Inc.

(a) (Hotels,

Restaurants

&

Leisure)

9,496

Valaris,

Ltd.

\*

(Energy

Equipment

&

Services)

13,137

Valley

National

Bancorp

(Banks)

993

12,194

Valmont

Industries,

Inc.

(Construction

&

Engineering)

16,382

Valvoline,

Inc.

\*

(Specialty

Retail)

8,892

VF

Corp.

(Textiles,

Apparel

&

Luxury

Goods)

682

11,588

Vicor

Corp.

\*

(Electrical

Equipment)

7,567

Viper

Energy,

Inc.

-

Class

A

(Oil

&

Gas

Producers)

18,138

Visteon

Corp.

(Automobile

Components)

5,193

Vontier

Corp.

(Electronic

Equipment,

Instruments

&

Components)

10,428

Vornado

Realty

Trust

(Office

REITs)

8,629

Voya

Financial,

Inc.

(Financial

Services)

13,322

Warner

Music

Group

Corp.

-

Class

A

(Entertainment)

7,790

Watsco,

Inc.

(Trading

Companies

&

Distributors)

26,192

Common

Stocks,

continued

Shares

Value

Watts

Water

Technologies,

Inc.

-

Class

A

(Machinery)

$

16,547

Weatherford

International

PLC

(Energy

Equipment

&

Services)

14,092

Webster

Financial

Corp.

(Banks)

23,255

WESCO

International,

Inc.

(Trading

Companies

&

Distributors)

27,635

Western

Alliance

Bancorp

(Banks)

15,091

Westlake

Corp.

(Chemicals)

8,061

WEX,

Inc.

\*

(Financial

Services)

10,866

Whirlpool

Corp.

(a) (Household

Durables)

7,117

Wingstop,

Inc.

(Hotels,

Restaurants

&

Leisure)

8,988

Wintrust

Financial

Corp.

(Banks)

19,313

Woodward,

Inc.

(Aerospace

&

Defense)

44,383

WP

Carey,

Inc.

(Equity

REIT

-

Diversified)

30,922

Wyndham

Hotels

&

Resorts,

Inc.

(Hotels,

Restaurants

&

Leisure)

12,753

XPO,

Inc.

\*

(Ground

Transportation)

47,276

YETI

Holdings,

Inc.

\*

(Leisure

Products)

5,891

Zions

Bancorp

N.A.

(Banks)

17,632

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $3,979,545)

6,621,693

Repurchase

Agreements

(b)(c) (25.1%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$2,328,227

$

2,328,000

2,328,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$2,328,000)

2,328,000

Collateral

for

Securities

Loaned

(d) (0.3%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 3.67%

(e) 29,276

29,276

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $29,276)

29,276

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$6,417,549)— 97.6%

9,059,697

Net

other

assets

(liabilities) —

2.4%

219,234

NET

ASSETS

—

100.0%

$

9,278,931

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

March

31,

2026. The

total

value

of

securities

on

loan

as

of

March

31,

2026

was

$29,757.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$1,644,000.

(c) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

(d) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

March

31,

2026. (e) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

March

31,

2026. REIT

Real

Estate

Investment

Trust

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

UltraMid-Cap

Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

E-mini

S&P

MidCap

Index

6/22/26

$

1,018,950

$

7,250

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

MidCap

Goldman

Sachs

International

4/27/26

4.29%

$

4,948,547

$

85,050

SPDR

S&P

MidCap

ETF

Goldman

Sachs

International

4/27/26

4.06%

2,182,383

44,893

$7,130,930

$129,943

S&P

MidCap

UBS

AG

4/27/26

4.44%

3,080,244

59,920

SPDR

S&P

MidCap

ETF

UBS

AG

4/27/26

4.44%

653,150

13,409

$3,733,394

$73,329

$10,864,324

$203,272

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

UltraMid-Cap

ProFund

VP

UltraMid-Cap

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

214,211

2.3%

Air

Freight

&

Logistics

12,340

0.1%

Automobile

Components

70,134

0.8%

Automobiles

13,742

0.1%

Banks

390,643

4.1%

Beverages

37,899

0.4%

Biotechnology

202,491

2.2%

Broadline

Retail

21,675

0.2%

Building

Products

122,612

1.3%

Capital

Markets

173,242

1.9%

Chemicals

115,069

1.2%

Commercial

Services

&

Supplies

104,389

1.1%

Construction

&

Engineering

142,628

1.5%

Construction

Materials

21,949

0.2%

Consumer

Finance

46,714

0.5%

Consumer

Staples

Distribution

&

Retail

195,814

2.2%

Containers

&

Packaging

67,899

0.7%

Diversified

Consumer

Services

57,467

0.6%

Electric

Utilities

90,933

0.9%

Electrical

Equipment

151,655

1.6%

Electronic

Equipment,

Instruments

&

Components

259,735

2.8%

Energy

Equipment

&

Services

99,300

1.1%

Entertainment

7,790

0.1%

Equity

REIT

-

Diversified

30,922

0.3%

Financial

Services

93,668

1.0%

Food

Products

56,485

0.6%

Gas

Utilities

79,570

0.9%

Ground

Transportation

119,273

1.3%

Health

Care

Equipment

&

Supplies

99,887

1.1%

Health

Care

Providers

&

Services

122,313

1.3%

Health

Care

REITs

83,544

0.9%

Health

Care

Technology

6,477

0.1%

Hotel

&

Resort

REITs

4,370

NM

Hotels,

Restaurants

&

Leisure

141,786

1.5%

Household

Durables

105,135

1.1%

Independent

Power/Renewable

Electricity

Producers

14,102

0.2%

Industrial

REITs

66,193

0.7%

Industrial

Support

Services

32,254

0.3%

Insurance

240,464

2.6%

Interactive

Media

&

Services

22,283

0.2%

IT

Services

33,925

0.4%

Leisure

Facilities

&

Services

30,121

0.3%

Leisure

Products

31,135

0.3%

Life

Sciences

Tools

&

Services

111,522

1.2%

Machinery

390,456

4.3%

Marine

Transportation

14,883

0.2%

Media

38,718

0.4%

Metals

&

Mining

256,300

2.9%

Mortgage

REITs

43,946

0.5%

Value

%

of

Net

Assets

Multi-Utilities

$

19,272

0.2%

Office

REITs

30,041

0.3%

Oil

&

Gas

Producers

18,138

0.2%

Oil,

Gas

&

Consumable

Fuels

242,361

2.6%

Paper

&

Forest

Products

9,530

0.1%

Passenger

Airlines

23,467

0.3%

Personal

Care

Products

12,907

0.1%

Pharmaceuticals

48,492

0.5%

Prime

Broker

Cash

80,728

0.9%

Professional

Services

170,025

1.8%

Real

Estate

Management

&

Development

29,823

0.3%

Residential

REITs

51,278

0.6%

Retail

-

Discretionary

7,935

0.1%

Retail

REITs

64,669

0.7%

Semiconductors

&

Semiconductor

Equipment

243,450

2.6%

Software

238,249

2.6%

Specialized

REITs

91,519

1.0%

Specialty

Retail

219,272

2.5%

Technology

Hardware,

Storage

&

Peripherals

38,435

0.4%

Textiles,

Apparel

&

Luxury

Goods

34,106

0.4%

Trading

Companies

&

Distributors

115,023

1.2%

Water

Utilities

23,638

0.3%

Other

\*\*

2,576,510

27.8%

Total

$

9,278,931

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

NM

Not

meaningful,

amount

is

less

than

0.05%

REIT

Real

Estate

Investment

Trust

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

Common

Stocks

(76.5%)

Shares

Value

Adobe,

Inc.

\*

(Software)

4,320

$

1,050,106

Advanced

Micro

Devices,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

17,280

3,515,270

Airbnb,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

4,491

567,123

Alnylam

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,405

464,872

Alphabet,

Inc.

-

Class

A

(Interactive

Media

&

Services)

22,354

6,428,116

Alphabet,

Inc.

-

Class

C

(Interactive

Media

&

Services)

20,880

5,989,637

Amazon.com,

Inc.

\*

(Broadline

Retail)

41,215

8,583,847

American

Electric

Power

Co.,

Inc.

(Electric

Utilities)

5,733

751,482

Amgen,

Inc.

(Biotechnology)

5,715

2,010,823

Analog

Devices,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

5,175

1,646,375

Apple,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

56,366

14,305,128

Applied

Materials,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

8,412

2,875,137

AppLovin

Corp.

\*

-

Class

A

(Software)

3,255

1,295,490

ARM

Holdings

PLC

\*ADR

(Semiconductors

&

Semiconductor

Equipment)

1,480

223,894

ASML

Holding

N.V.

(Semiconductors

&

Semiconductor

Equipment)

932

1,231,014

Atlassian

Corp.

\*

-

Class

A

(Software)

1,799

122,782

Autodesk,

Inc.

\*

(Software)

2,248

538,171

Automatic

Data

Processing,

Inc.

(Professional

Services)

4,268

867,172

Axon

Enterprise,

Inc.

\*

(Aerospace

&

Defense)

851

361,411

Baker

Hughes

Co.

(Energy

Equipment

&

Services)

10,477

639,621

Booking

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

1,410,458

Broadcom,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

18,204

5,634,320

Cadence

Design

Systems,

Inc.

\*

(Software)

2,926

813,048

Charter

Communications,

Inc.

\*

-

Class

A

(Media)

1,343

289,927

Cintas

Corp.

(Commercial

Services

&

Supplies)

4,238

716,816

Cisco

Systems,

Inc.

(Communications

Equipment)

41,868

3,248,538

Coca-Cola

European

Partners

PLC

(Beverages)

4,858

440,475

Cognizant

Technology

Solutions

Corp.

-

Class

A

(IT

Services)

5,070

311,045

Comcast

Corp.

-

Class

A

(Media)

38,036

1,092,013

Constellation

Energy

Corp.

(Electric

Utilities)

3,837

1,071,481

Copart,

Inc.

\*

(Commercial

Services

&

Supplies)

10,262

340,698

CoStar

Group,

Inc.

\*

(Real

Estate

Management

&

Development)

4,452

179,594

Costco

Wholesale

Corp.

(Consumer

Staples

Distribution

&

Retail)

4,705

4,688,203

Crowdstrike

Holdings,

Inc.

\*

-

Class

A

(Software)

2,671

1,042,785

CSX

Corp.

(Ground

Transportation)

19,712

809,178

Datadog,

Inc.

\*

-

Class

A

(Software)

3,483

411,168

Dexcom,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

4,082

256,350

Diamondback

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

2,991

591,590

DoorDash,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

4,345

652,402

Electronic

Arts,

Inc.

(Entertainment)

2,651

540,459

Exelon

Corp.

(Electric

Utilities)

10,844

531,573

Fastenal

Co.

(Trading

Companies

&

Distributors)

12,172

564,781

Ferrovial

SE

(Construction

&

Engineering)

7,628

496,201

Fortinet,

Inc.

\*

(Software)

7,845

641,093

GE

HealthCare

Technologies,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

4,832

343,942

Gilead

Sciences,

Inc.

(Biotechnology)

13,159

1,833,970

Honeywell

International,

Inc.

(Industrial

Conglomerates)

6,738

1,522,990

IDEXX

Laboratories,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

842

473,111

Insmed,

Inc.

\*

(Biotechnology)

2,286

373,807

Intel

Corp.

(Semiconductors

&

Semiconductor

Equipment)

52,946

2,336,507

Intuit,

Inc.

(Software)

2,931

1,267,306

Common

Stocks,

continued

Shares

Value

Intuitive

Surgical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

3,763

$

1,734,705

Keurig

Dr

Pepper,

Inc.

(Beverages)

14,403

379,231

KLA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

1,389

2,045,177

Lam

Research

Corp.

(Semiconductors

&

Semiconductor

Equipment)

13,236

2,828,004

Linde

PLC

(Chemicals)

4,911

2,434,677

Marriott

International,

Inc.

-

Class

A

(Hotels,

Restaurants

&

Leisure)

2,810

919,067

Marvell

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

9,236

914,826

MercadoLibre,

Inc.

\*

(Broadline

Retail)

538

930,213

Meta

Platforms,

Inc.

-

Class

A

(Interactive

Media

&

Services)

11,324

6,478,801

Microchip

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

5,738

370,732

Micron

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

11,930

4,030,431

Microsoft

Corp.

(Software)

28,510

10,553,547

Mondelez

International,

Inc.

-

Class

A

(Food

Products)

13,590

783,328

Monolithic

Power

Systems,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

520

568,542

Monster

Beverage

Corp.

\*

(Beverages)

10,370

751,410

Netflix,

Inc.

\*

(Entertainment)

44,753

4,303,002

NVIDIA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

93,297

16,270,997

NXP

Semiconductors

N.V.

(Semiconductors

&

Semiconductor

Equipment)

2,677

526,994

Old

Dominion

Freight

Line,

Inc.

(Ground

Transportation)

2,210

431,834

O'Reilly

Automotive,

Inc.

\*

(Specialty

Retail)

8,888

820,451

PACCAR,

Inc.

(Machinery)

5,576

644,028

Palantir

Technologies,

Inc.

\*

-

Class

A

(Software)

24,289

3,552,995

Palo

Alto

Networks,

Inc.

\*

(Software)

8,650

1,386,768

Paychex,

Inc.

(Professional

Services)

3,807

350,701

PayPal

Holdings,

Inc.

\*

(Financial

Services)

9,761

441,490

PDD

Holdings,

Inc.

\*ADR

(Broadline

Retail)

7,081

723,537

PepsiCo,

Inc.

(Beverages)

14,486

2,249,531

QUALCOMM,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

11,309

1,456,373

Regeneron

Pharmaceuticals,

Inc.

(Biotechnology)

1,102

851,449

Roper

Technologies,

Inc.

(Software)

1,091

386,061

Ross

Stores,

Inc.

(Specialty

Retail)

3,428

742,608

Seagate

Technology

Holdings

PLC

(Technology

Hardware,

Storage

&

Peripherals)

2,311

905,357

Shopify,

Inc.

\*

-

Class

A

(IT

Services)

12,996

1,541,585

Starbucks

Corp.

(Hotels,

Restaurants

&

Leisure)

12,077

1,081,978

Strategy,

Inc.

\*

-

Class

A

(Software)

3,330

415,584

Synopsys,

Inc.

\*

(Software)

2,032

805,647

Take-Two

Interactive

Software,

Inc.

\*

(Entertainment)

1,962

387,495

Tesla,

Inc.

\*

(Automobiles)

19,163

7,123,845

Texas

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

9,619

1,867,433

The

Kraft

Heinz

Co.

(Food

Products)

12,549

282,227

Thomson

Reuters

Corp.

(Professional

Services)

4,717

424,436

T-Mobile

U.S.,

Inc.

(Wireless

Telecommunication

Services)

11,679

2,452,940

Verisk

Analytics,

Inc.

(Professional

Services)

1,463

277,604

Vertex

Pharmaceuticals,

Inc.

\*

(Biotechnology)

2,693

1,202,532

Walmart,

Inc.

(Consumer

Staples

Distribution

&

Retail)

51,804

6,438,201

Warner

Bros.

Discovery,

Inc.

\*

(Entertainment)

26,288

721,868

Western

Digital

Corp.

(Technology

Hardware,

Storage

&

Peripherals)

3,594

972,141

Workday,

Inc.

\*

-

Class

A

(Software)

2,259

293,489

Xcel

Energy,

Inc.

(Electric

Utilities)

6,615

525,496

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Common

Stocks,

continued

Shares

Value

Zscaler,

Inc.

\*

(Software)

1,704

$

239,054

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $69,729,960)

187,213,722

Repurchase

Agreements

(a)(b) (19.0%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$46,611,545

$

46,607,000

46,607,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$46,607,000)

46,607,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$120,412,081)— 97.2%

$

237,895,843

Net

other

assets

(liabilities) —

2.8%

6,793,984

NET

ASSETS

—

100.0%

$

244,689,827

\*

Non-income

producing

security.

(a) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$37,588,000.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

ADR

American

Depositary

Receipt

Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

E-mini

Futures

Contracts

6/22/26

$

23,915,000

$

(872,490)

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

Invesco

QQQ

Trust,

Series

ETF

Goldman

Sachs

International

4/27/26

4.19%

$

63,989,985

$

1,339,869

Index

Goldman

Sachs

International

4/27/26

4.39%

73,340,569

1,835,912

$137,330,554

$3,175,781

Invesco

QQQ

Trust,

Series

ETF

UBS

AG

4/27/26

4.44%

$3,526,280

87,505

Index

UBS

AG

4/27/26

4.44%

137,465,196

3,458,194

$140,991,476

$3,545,699

$278,322,030

$6,721,480

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

.

ProFund

VP

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

361,411

0.1%

Automobiles

7,123,845

2.9%

Beverages

3,820,647

1.6%

Biotechnology

6,737,453

2.8%

Broadline

Retail

10,237,597

4.2%

Chemicals

2,434,677

1.0%

Commercial

Services

&

Supplies

1,057,514

0.4%

Communications

Equipment

3,248,538

1.3%

Construction

&

Engineering

496,201

0.2%

Consumer

Staples

Distribution

&

Retail

11,126,404

4.5%

Electric

Utilities

2,880,032

1.2%

Energy

Equipment

&

Services

639,621

0.3%

Entertainment

5,952,824

2.4%

Financial

Services

441,490

0.2%

Food

Products

1,065,555

0.4%

Ground

Transportation

1,241,012

0.5%

Health

Care

Equipment

&

Supplies

2,808,108

1.1%

Hotels,

Restaurants

&

Leisure

4,631,028

1.9%

Industrial

Conglomerates

1,522,990

0.6%

Interactive

Media

&

Services

18,896,554

7.7%

IT

Services

1,852,630

0.8%

Machinery

644,028

0.3%

Media

1,381,940

0.6%

Oil,

Gas

&

Consumable

Fuels

591,590

0.2%

Prime

Broker

Cash

4,075,121

1.7%

Professional

Services

1,919,913

0.9%

Real

Estate

Management

&

Development

179,594

0.1%

Semiconductors

&

Semiconductor

Equipment

48,342,026

19.8%

Software

24,815,094

10.1%

Specialty

Retail

1,563,059

0.6%

Technology

Hardware,

Storage

&

Peripherals

16,182,626

6.6%

Trading

Companies

&

Distributors

564,781

0.2%

Wireless

Telecommunication

Services

2,452,940

1.0%

Other

\*\*

53,400,984

21.8%

Total

$

244,689,827

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

UltraShort

Dow

Repurchase

Agreements

(a)(b) (88.0%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$6,001

$

6,000

$

6,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$6,000)

6,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$6,000)— 88.0%

6,000

Net

other

assets

(liabilities) —

12.0%

820

NET

ASSETS

—

100.0%

$

6,820

(a) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$1,000.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Short

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

Dow

Jones

Industrial

Average

Goldman

Sachs

International

4/27/26

(4.14)%

$

(9,730)

$

(271) Dow

Jones

Industrial

Average

UBS

AG

4/27/26

(4.04)%

(3,861)

(96) $(13,591)

$(367)

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

UltraShort

Repurchase

Agreements

(a),(b)

(62.3%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$688,067

$

688,000

$

688,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$688,000)

688,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$688,000)— 62.3%

688,000

Net

other

assets

(liabilities) —

37.7%

416,623

NET

ASSETS

—

100.0%

$

1,104,623

(a) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$224,000.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements'

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Short

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

Index

Goldman

Sachs

International

4/27/26

(4.14)%

$

(1,141,222)

$

(8,988)

Index

UBS

AG

4/27/26

(4.04)%

(1,030,248)

(25,962)

$(2,171,470)

$(34,950)

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

UltraSmall-Cap

Common

Stocks

(64.0%)

Shares

Value

10X

Genomics,

Inc.

\*

-

Class

A

(Medical

Equipment

&

Devices)

$

7,983

1-800-Flowers.com,

Inc.

\*

-

Class

A

(Specialty

Retail)

1st

Source

Corp.

(Banks)

4,291

3D

Systems

Corp.

\*

(Machinery)

893

4D

Molecular

Therapeutics,

Inc.

\*

(Biotechnology)

1,378

8x8,

Inc.

\*

(Software)

762

908

Devices,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

569

A10

Networks,

Inc.

(Software)

5,572

AAR

Corp.

\*

(Aerospace

&

Defense)

14,339

Aardvark

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

Abacus

Global

Management,

Inc.

(Insurance)

1,064

Abeona

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

685

Abercrombie

&

Fitch

Co.

\*

-

Class

A

(Specialty

Retail)

13,887

ABM

Industries,

Inc.

(Commercial

Services

&

Supplies)

7,704

Absci

Corp.

\*

(Biotechnology)

1,368

Acacia

Research

Corp.

\*

(Financial

Services)

548

Academy

Sports

&

Outdoors,

Inc.

(Specialty

Retail)

12,532

ACADIA

Pharmaceuticals,

Inc.

\*

(Biotechnology)

9,371

Acadia

Realty

Trust

\*

(Retail

REITs)

8,451

Acadian

Asset

Management,

Inc.

(Capital

Markets)

4,898

Accel

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

1,833

Accendra

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

575

ACCO

Brands

Corp.

\*

(Commercial

Services

&

Supplies)

876

Accuray,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

ACI

Worldwide,

Inc.

\*

(Software)

14,189

Aclaris

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

1,151

ACM

Research,

Inc.

\*

-

Class

A

(Semiconductors

&

Semiconductor

Equipment)

6,768

Acme

United

Corp.

(Wholesale

-

Discretionary)

ACNB

Corp.

(Banks)

1,628

ACRES

Commercial

Realty

Corp.

\*

(Specialty

Finance)

Actuate

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

Acuren

Corp.

\*

(Asset

Management)

677

4,455

Acushnet

Holdings

Corp.

(Leisure

Products)

8,600

ACV

Auctions,

Inc.

\*

-

Class

A

(Commercial

Services

&

Supplies)

562

2,383

Adamas

Trust,

Inc.

(Mortgage

REITs)

2,099

AdaptHealth

Corp.

\*

(Health

Care

Providers

&

Services)

4,058

Adaptive

Biotechnologies

Corp.

\*

(Life

Sciences

Tools

&

Services)

500

6,940

ADC

Therapeutics

S.A.

\*

(Biotechnology)

1,283

Addus

HomeCare

Corp.

\*

(Health

Care

Providers

&

Services)

5,713

Adeia,

Inc.

(Software)

8,747

Adient

PLC

(Automobile

Components)

5,315

ADMA

Biologics,

Inc.

\*

(Biotechnology)

775

6,983

Adtalem

Global

Education,

Inc.

\*

(Diversified

Consumer

Services)

13,139

ADTRAN

Holdings,

Inc.

(Communications

Equipment)

3,132

Advance

Auto

Parts,

Inc.

(Specialty

Retail)

10,603

Advanced

Energy

Industries,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

40,662

AdvanSix,

Inc.

\*

(Chemicals)

2,147

Advantage

Solutions,

Inc.

\*

(Advertising

&

Marketing)

Aebi

Schmidt

Holding

AG

\*

(Machinery)

1,204

Aehr

Test

Systems

\*

(Semiconductors

&

Semiconductor

Equipment)

3,634

Aeluma,

Inc.

\*

(Semiconductors)

576

AeroVironment,

Inc.

\*

(Aerospace

&

Defense)

23,247

AerSale

Corp.

\*

(Aerospace

&

Defense)

746

Aeva

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,763

AG

Mortgage

Investment

Trust,

Inc.

(Mortgage

REITs)

702

Common

Stocks,

continued

Shares

Value

agilon

health,

Inc.

\*

(Health

Care

Facilities

&

Services)

$

Agilysys,

Inc.

\*

(Software)

6,189

Agios

Pharmaceuticals,

Inc.

\*

(Biotechnology)

6,394

AirJoule

Technologies

Corp.

\*

(Electrical

Equipment)

AIRO

Group

Holdings,

Inc.

\*

(Aerospace

&

Defense)

525

AirSculpt

Technologies,

Inc.

\*

(Health

Care

Providers

&

Services)

Airship

AI

Holdings,

Inc.

\*

(Software)

Akebia

Therapeutics,

Inc.

\*

(Biotechnology)

847

1,177

Aktis

Oncology,

Inc.

\*

(Biotech

&

Pharma)

1,234

Alamo

Group,

Inc.

(Machinery)

5,774

Alarm.com

Holdings,

Inc.

\*

(Software)

6,867

Albany

International

Corp.

(Machinery)

5,012

Aldeyra

Therapeutics,

Inc.

\*

(Biotechnology)

Alector,

Inc.

\*

(Biotechnology)

654

Alerus

Financial

Corp.

(Financial

Services)

1,873

Alexander's,

Inc.

(Retail

REITs)

1,653

Alico,

Inc.

(Food

Products)

784

Alight,

Inc.

\*

-

Class

A

(Professional

Services)

1,554

906

Alignment

Healthcare,

Inc.

\*

(Health

Care

Providers

&

Services)

654

11,523

Alkami

Technology,

Inc.

\*

(Software)

3,620

Alkermes

PLC

\*

(Biotechnology)

543

19,200

Allegiant

Travel

Co.

\*

(Passenger

Airlines)

3,890

Alliance

Laundry

Holdings,

Inc.

\*

(Machinery)

3,028

Allied

Motion

Technologies,

Inc.

(Electrical

Equipment)

2,836

Allogene

Therapeutics,

Inc.

\*

(Biotechnology)

521

1,271

Alpha

and

Omega

Semiconductor,

Ltd.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,884

Alpha

Metallurgical

Resources,

Inc.

\*

(Metals

&

Mining)

8,006

Alpha

Teknova,

Inc.

\*

(Biotech

&

Pharma)

Alphatec

Holdings,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

4,276

Alpine

Income

Property

Trust,

Inc.

(Equity

REIT

-

Diversified)

792

Alta

Equipment

Group,

Inc.

(Trading

Companies

&

Distributors)

AlTi

Global,

Inc.

\*

(Capital

Markets)

525

Altice

USA,

Inc.

\*

-

Class

A

(Cable

&

Satellite)

874

1,136

Altimmune,

Inc.

\*

(Biotechnology)

1,343

Alumis,

Inc.

\*

(Pharmaceuticals)

5,045

Amalgamated

Financial

Corp.

(Banks)

2,993

Ambarella,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

7,104

Ambiq

Micro,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,550

AMC

Entertainment

Holdings,

Inc.

\*

(Entertainment)

1,729

1,694

AMC

Networks,

Inc.

\*

-

Class

A

(Media)

699

Amerant

Bancorp,

Inc.

(Banks)

2,689

Ameresco,

Inc.

\*

-

Class

A

(Construction

&

Engineering)

2,729

American

Assets

Trust,

Inc.

(Equity

REIT

-

Diversified)

3,203

American

Axle

&

Manufacturing

Holdings,

Inc.

\*

(Automobile

Components)

764

4,531

American

Battery

Technology

Co.

\*

(Metals

&

Mining)

1,163

American

Coastal

Insurance

Corporation

\*

(Insurance)

923

American

Eagle

Outfitters,

Inc.

(Specialty

Retail)

534

8,918

American

Healthcare

REIT,

Inc.

(Health

Care

REITs)

598

28,202

American

Integrity

Insurance

Group,

Inc.

\*

(Insurance)

771

American

Outdoor

Brands,

Inc.

\*

(Leisure

Products)

American

Public

Education,

Inc.

\*

(Diversified

Consumer

Services)

3,299

American

Realty

Investors,

Inc.

\*

(Real

Estate

Management

&

Development)

American

States

Water

Co.

(Water

Utilities)

9,755

American

Superconductor

Corp.

\*

(Electrical

Equipment)

5,213

American

Vanguard

Corp.

(Chemicals)

American

Woodmark

Corp.

\*

(Building

Products)

1,912

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

UltraSmall-Cap

Common

Stocks,

continued

Shares

Value

America's

Car-Mart,

Inc.

\*

(Specialty

Retail)

$

Ameris

Bancorp

(Banks)

17,080

AMERISAFE,

Inc.

(Insurance)

2,100

Ames

National

Corp.

(Banks)

847

Amicus

Therapeutics,

Inc.

\*

(Biotechnology)

996

14,402

AMMO,

Inc.

\*

(Leisure

Products)

712

AMN

Healthcare

Services,

Inc.

\*

(Health

Care

Providers

&

Services)

2,348

Amneal

Pharmaceuticals,

Inc.

\*

(Biotech

&

Pharma)

503

6,252

Amphastar

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

2,351

Amplitude,

Inc.

\*

-

Class

A

(Software)

2,237

Amprius

Technologies,

Inc.

\*

(Electrical

Equipment)

6,491

Amylyx

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

4,253

AnaptysBio,

Inc.

\*

(Biotechnology)

3,383

Anavex

Life

Sciences

Corp.

\*(a)

(Biotechnology)

900

Angel

Oak

Mortgage

REIT,

Inc.

(Mortgage

REITs)

Angi,

Inc.

\*

(Interactive

Media

&

Services)

801

AngioDynamics,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,421

ANI

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

4,845

Anika

Therapeutics,

Inc.

\*

(Biotechnology)

609

Annexon,

Inc.

\*

(Biotechnology)

2,443

Anteris

Technologies

Global

Corp.

\*

(Medical

Equipment

&

Devices)

1,471

Anterix,

Inc.

\*

(Diversified

Telecommunication

Services)

1,451

Apogee

Enterprises,

Inc.

(Building

Products)

2,381

Apogee

Therapeutics,

Inc.

\*

(Biotechnology)

12,541

Apollo

Commercial

Real

Estate

Finance,

Inc.

(Mortgage

REITs)

4,931

Appian

Corp.

\*

-

Class

A

(Software)

3,183

Apple

Hospitality

REIT,

Inc.

(Hotel

&

Resort

REITs)

749

8,621

Applied

Digital

Corp.

\*

(IT

Services)

795

18,873

Applied

Optoelectronics,

Inc.

\*

(Communications

Equipment)

18,694

Aquestive

Therapeutics,

Inc.

\*

(Pharmaceuticals)

1,415

Arbor

Realty

Trust,

Inc.

(a) (Mortgage

REITs)

650

5,011

Arbutus

Biopharma

Corp.

\*

(Biotechnology)

506

2,277

ArcBest

Corp.

(Ground

Transportation)

7,377

Arcellx,

Inc.

\*

(Biotechnology)

14,697

Archer

Aviation,

Inc.

\*

-

Class

A

(Aerospace

&

Defense)

2,036

10,526

Archrock,

Inc.

(Energy

Equipment

&

Services)

578

20,114

Arcosa,

Inc.

(Construction

&

Engineering)

17,195

Arcturus

Therapeutics

Holdings,

Inc.

\*

(Biotechnology)

687

Arcus

Biosciences,

Inc.

\*

(Biotechnology)

6,070

Arcutis

Biotherapeutics,

Inc.

\*

(Biotechnology)

8,670

Ardagh

Metal

Packaging

SA

(Containers

&

Packaging)

1,891

Ardelyx,

Inc.

\*

(Biotechnology)

801

4,798

Ardent

Health

Partners,

Inc.

\*

(Health

Care

Providers

&

Services)

668

Ardmore

Shipping

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,754

Ares

Commercial

Real

Estate

Corp.

(Mortgage

REITs)

850

Argan,

Inc.

(Construction

&

Engineering)

24,509

Arhaus,

Inc.

\*

(Specialty

Retail)

1,159

Arko

Corp.

(Specialty

Retail)

1,323

Arlo

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

4,838

Armada

Hoffler

Properties,

Inc.

(Equity

REIT

-

Diversified)

1,474

ARMOUR

Residential

REIT,

Inc.

(Mortgage

REITs)

6,304

Arq,

Inc.

\*

(Chemicals)

Array

Technologies,

Inc.

\*

(Electrical

Equipment)

508

3,673

Arrive

AI,

Inc.

\*

(Air

Freight

&

Logistics)

ArriVent

Biopharma,

Inc.

\*

(Biotechnology)

2,492

Arrow

Financial

Corp.

(Banks)

1,813

Arrowhead

Pharmaceuticals,

Inc.

\*

(Biotechnology)

28,341

Common

Stocks,

continued

Shares

Value

ARS

Pharmaceuticals,

Inc.

\*

(Biotechnology)

$

1,582

Arteris,

Inc.

\*

(Software)

1,710

Artisan

Partners

Asset

Management,

Inc.

-

Class

A

(Capital

Markets)

7,606

Artivion,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

5,347

Arvinas,

Inc.

\*

(Pharmaceuticals)

1,972

Asana,

Inc.

\*

-

Class

A

(Software)

1,875

Asbury

Automotive

Group,

Inc.

\*

(Specialty

Retail)

12,702

Ascent

Industries

Co.

\*

(Steel)

ASGN,

Inc.

\*

(IT

Services)

5,381

ASP

Isotopes,

Inc.

\*

(Chemicals)

1,680

Aspen

Aerogels,

Inc.

\*

(Chemicals)

759

Associated

Banc-Corp.

(Banks)

557

14,404

Astec

Industries,

Inc.

(Machinery)

4,146

Astrana

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

3,335

Astronics

Corp.

\*

(Aerospace

&

Defense)

6,940

Asure

Software,

Inc.

\*

(Professional

Services)

679

Atea

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

1,259

Ategrity

Specialty

Holdings,

LLC

\*

(Insurance)

613

Atkore,

Inc.

\*

(Electrical

Equipment)

6,657

Atlanta

Braves

Holdings,

Inc.

\*

(Entertainment)

6,576

Atlanta

Braves

Holdings,

Inc.

\*

-

Series

A

(Entertainment)

1,084

Atlantic

International

Corp.

\*

(Biotech

&

Pharma)

Atlantic

Union

Bankshares

Corp.

(Banks)

17,048

Atlanticus

Holdings

Corp.

\*

(Consumer

Finance)

944

Atlas

Energy

Solutions,

Inc.

(Energy

Equipment

&

Services)

3,411

Atmus

Filtration

Technologies,

Inc.

(Machinery)

15,612

ATN

International,

Inc.

(Diversified

Telecommunication

Services)

898

Atomera,

Inc.

\*

(Semiconductors)

AtriCure,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

4,622

Atrium

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

548

aTyr

Pharma,

Inc.

\*

(Biotechnology)

AudioEye,

Inc.

\*

(Software)

Aura

Biosciences,

Inc.

\*

(Biotechnology)

1,010

Aurinia

Pharmaceuticals,

Inc.

\*

(Biotechnology)

5,913

Avanos

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

2,102

Aveanna

Healthcare

Holdings,

Inc.

\*

(Health

Care

Providers

&

Services)

1,179

AvePoint,

Inc.

\*

(Software)

500

4,755

Aviat

Networks,

Inc.

\*

(Communications

Equipment)

882

Avidbank

Holdings,

Inc.

\*

(Banks)

Avient

Corp.

(Chemicals)

11,180

Avista

Corp.

(Multi-Utilities)

10,918

Avita

Medical,

Inc.

\*

(Biotechnology)

Axcelis

Technologies,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

9,680

Axogen,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

5,367

Axos

Financial,

Inc.

\*

(Banks)

15,486

Axsome

Therapeutics,

Inc.

\*

(Pharmaceuticals)

23,494

Azenta,

Inc.

\*

(Life

Sciences

Tools

&

Services)

2,895

AZZ,

Inc.

(Building

Products)

12,388

B&G

Foods,

Inc.

(a) (Food

Products)

1,255

Backblaze,

Inc.

\*

-

Class

A

(IT

Services)

649

Badger

Meter,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

15,083

Bakkt

Holdings,

Inc.

\*

(Institutional

Financial

Services)

Balchem

Corp.

(Chemicals)

18,642

Bally's

Corp.

\*

(Leisure

Facilities

&

Services)

Banc

of

California,

Inc.

(Banks)

7,981

BancFirst

Corp.

(Banks)

7,595

Banco

Latinoamericano

de

Comercio

Exterior

S.A.

-

Class

E

(Financial

Services)

4,802

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

UltraSmall-Cap

Common

Stocks,

continued

Shares

Value

Bandwidth,

Inc.

\*

-

Class

A

(Diversified

Telecommunication

Services)

$

1,639

Bank

First

Corp.

(Banks)

4,727

Bank

of

Hawaii

Corp.

(Banks)

9,801

Bank

of

Marin

Bancorp

(Banks)

1,256

Bank7

Corp.

(Banks)

558

BankUnited,

Inc.

(Banks)

11,245

Bankwell

Financial

Group,

Inc.

(Banks)

1,116

Banner

Corp.

(Banks)

6,857

Bar

Harbor

Bankshares

(Banks)

1,785

BARK,

Inc.

\*

(Specialty

Retail)

Barnes

&

Noble

Education,

Inc.

\*

(Retail

-

Discretionary)

Barrett

Business

Services,

Inc.

(Professional

Services)

2,422

Bassett

Furniture

Industries,

Inc.

(Retail

-

Discretionary)

BayCom

Corp.

\*

(Banks)

1,011

BCB

Bancorp,

Inc.

(Banks)

Beacon

Financial

Corporation

(Banks)

8,370

Beam

Therapeutics,

Inc.

\*

(Biotechnology)

7,626

Beazer

Homes

USA,

Inc.

\*

(Household

Durables)

1,770

Bed

Bath

&

Beyond,

Inc.

\*

(Specialty

Retail)

1,063

Bel

Fuse,

Inc.

-

Class

A

(Electronic

Equipment,

Instruments

&

Components)

901

Bel

Fuse,

Inc.

-

Class

B

(Electronic

Equipment,

Instruments

&

Components)

6,929

Belden,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

15,043

Benchmark

Electronics,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

6,615

Benitec

Biopharma,

Inc.

\*

(Biotech

&

Pharma)

692

Beta

Bionics,

Inc.

\*

(Biotechnology)

1,303

Beta

Technologies,

Inc.

\*

-

Class

A

(Aerospace

&

Defense)

1,632

Better

Home

&

Finance

Holding

Co.

\*

(Specialty

Finance)

712

Beyond

Meat,

Inc.

\*(a)

(Food

Products)

1,404

985

BGC

Group,

Inc.

-

Class

A

(Capital

Markets)

1,213

11,863

Bicara

Therapeutics,

Inc.

\*

(Biotechnology)

2,088

BigBear.ai

Holdings,

Inc.

\*(a)

(IT

Services)

1,451

5,108

BigCommerce

Holdings,

Inc.

\*

-

Class

(IT

Services)

595

Biglari

Holdings,

Inc.

\*

-

Class

B

(Hotels,

Restaurants

&

Leisure)

659

BioAge

Labs,

Inc.

\*

(Pharmaceuticals)

1,766

BioCryst

Pharmaceuticals,

Inc.

\*

(Biotechnology)

757

7,207

Biohaven,

Ltd.

\*

(Biotechnology)

3,325

BioLife

Solutions,

Inc.

\*

(Life

Sciences

Tools

&

Services)

2,652

Biote

Corp.

\*

-

Class

A

(Pharmaceuticals)

Bioventus,

Inc.

\*

-

Class

A

(Health

Care

Equipment

&

Supplies)

1,424

Bit

Digital,

Inc.

\*

(Software)

1,076

1,410

Bitdeer

Technologies

Group

\*(a)

(Technology

Services)

3,546

BJ's

Restaurants,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

2,246

BK

Technologies

Corporation

\*

(Technology

Hardware)

746

BKV

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

2,424

Black

Hills

Corp.

(Multi-Utilities)

17,699

Black

Rock

Coffee

Bar,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

736

Blackbaud,

Inc.

(Software)

4,865

BlackLine,

Inc.

\*

(Software)

6,142

BlackSky

Technology,

Inc.

\*

(Professional

Services)

2,667

Blackstone

Mortgage

Trust,

Inc.

-

Class

A

(Mortgage

REITs)

532

10,187

Blaize

Holdings,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

535

Blend

Labs,

Inc.

\*

-

Class

A

(Software)

660

1,122

Bloom

Energy

Corp.

\*

-

Class

A

(Electrical

Equipment)

732

99,178

Common

Stocks,

continued

Shares

Value

Bloomin'

Brands,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

$

1,517

Blue

Bird

Corp.

\*

(Machinery)

6,020

Blue

Ridge

Bankshares,

Inc.

\*

(Banking)

949

BlueLinx

Holdings,

Inc.

\*

(Trading

Companies

&

Distributors)

1,409

Bluerock

Homes

Trust,

Inc.

\*

(Residential

REITs)

Boise

Cascade

Co.

(Trading

Companies

&

Distributors)

9,405

Boot

Barn

Holdings,

Inc.

\*

(Specialty

Retail)

15,074

Borr

Drilling,

Ltd.

\*

(Energy

Equipment

&

Services)

954

5,505

Boston

Omaha

Corp.

\*

-

Class

A

(Media)

853

Bowhead

Specialty

Holdings,

Inc.

\*

(Insurance)

1,346

Bowman

Consulting

Group,

Ltd.

\*

(Construction

&

Engineering)

1,337

Box,

Inc.

\*

-

Class

A

(Software)

11,111

Braemar

Hotels

&

Resorts,

Inc.

\*

(Hotel

&

Resort

REITs)

Brandywine

Realty

Trust

(Office

REITs)

576

1,561

Braze,

Inc.

\*

-

Class

A

(Software)

6,965

BRC,

Inc.

\*

-

Class

A

(Food

Products)

Bread

Financial

Holdings,

Inc.

(Consumer

Finance)

11,458

Bridgebio

Pharma,

Inc.

\*

(Biotechnology)

531

39,433

Bridgewater

Bancshares,

Inc.

\*

(Banks)

1,239

Bright

Minds

Biosciences,

Inc.

\*

(Biotech

&

Pharma)

1,678

BrightSpire

Capital,

Inc.

(Mortgage

REITs)

2,414

BrightSpring

Health

Services,

Inc.

\*

(Health

Care

Providers

&

Services)

18,365

BrightView

Holdings,

Inc.

\*

(Commercial

Services

&

Supplies)

2,806

Brinker

International,

Inc.

(Hotels,

Restaurants

&

Leisure)

20,702

Bristow

Group,

Inc.

\*

(Energy

Equipment

&

Services)

4,455

Broadstone

Net

Lease,

Inc.

(Equity

REIT

-

Diversified)

635

11,601

Brookdale

Senior

Living,

Inc.

\*

(Health

Care

Providers

&

Services)

778

10,643

Brookfield

Business

Corporation

(Technology

Hardware)

2,436

Brookfield

Infrastructure

Corp.

-

Class

A

(Gas

&

Water

Utilities)

15,927

BRT

Apartments

Corp.

(Residential

REITs)

Build-A-Bear

Workshop,

Inc.

(Specialty

Retail)

1,535

Bumble,

Inc.

\*

-

Class

A

(Interactive

Media

&

Services)

782

Burford

Capital,

Ltd.

(Financial

Services)

673

3,042

Burke

&

Herbert

Financial

Services

Corp.

(Banks)

2,803

Business

First

Bancshares,

Inc.

(Banks)

2,839

Butterfly

Network,

Inc.

\*

(Medical

Equipment

&

Devices)

655

2,646

BV

Financial,

Inc.

\*

(Banking)

Byline

Bancorp,

Inc.

(Banks)

3,252

Byrna

Technologies,

Inc.

\*

(Aerospace

&

Defense)

560

C&F

Financial

Corp.

\*

(Banking)

729

C3.ai,

Inc.

\*

-

Class

A

(Software)

3,621

Cable

One,

Inc.

(Media)

1,551

Cabot

Corp.

(Chemicals)

13,178

Cactus,

Inc.

-

Class

A

(Energy

Equipment

&

Services)

10,848

Cadiz,

Inc.

\*

(Water

Utilities)

918

Cadre

Holdings,

Inc.

(Aerospace

&

Defense)

2,915

Calavo

Growers,

Inc.

\*

(Food

Products)

1,444

Caledonia

Mining

Corp.

PLC

(Metals

&

Mining)

1,242

Caleres,

Inc.

(Specialty

Retail)

1,159

California

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

16,959

California

Water

Service

Group

(Water

Utilities)

9,068

Calix,

Inc.

\*

(Communications

Equipment)

9,896

Callaway

Brands

Corp.

\*

(Leisure

Products)

6,135

Cal-Maine

Foods,

Inc.

(Food

Products)

11,555

Calumet,

Inc.

\*

(Chemicals)

8,293

Camden

National

Corp.

(Banks)

2,657

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

UltraSmall-Cap

Common

Stocks,

continued

Shares

Value

Camping

World

Holdings,

Inc.

-

Class

A

(Specialty

Retail)

$

1,380

Candel

Therapeutics,

Inc.

\*(a)

(Biotechnology)

745

Cannae

Holdings,

Inc.

\*

(Financial

Services)

1,592

Cantaloupe,

Inc.

\*

(Financial

Services)

2,011

Capital

Bancorp,

Inc.

(Banks)

1,130

Capital

City

Bank

Group,

Inc.

(Banks)

1,999

Capitol

Federal

Financial,

Inc.

(Banks)

2,938

Capri

Holdings,

Ltd.

\*

(Textiles,

Apparel

&

Luxury

Goods)

6,925

Capricor

Therapeutics,

Inc.

\*

(Biotechnology)

4,438

CapsoVision,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

678

Cardiff

Oncology,

Inc.

\*(a)

(Biotechnology)

Cardinal

Infrastructure

Group,

Inc.

\*

(Engineering

&

Construction)

1,705

CareDx,

Inc.

\*

(Biotechnology)

2,916

CareTrust

REIT,

Inc.

(Health

Care

REITs)

752

27,561

Cargurus,

Inc.

\*

(Interactive

Media

&

Services)

8,990

Carlsmed,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Carriage

Services,

Inc.

(Diversified

Consumer

Services)

2,146

Cars.com,

Inc.

\*

(Interactive

Media

&

Services)

1,421

Carter

Bankshares,

Inc.

\*

(Banks)

1,702

Carter's,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

4,255

Cartesian

Therapeutics,

Inc.

\*

(Biotechnology)

Casella

Waste

Systems,

Inc.

\*

-

Class

A

(Commercial

Services

&

Supplies)

16,662

Cass

Information

Systems,

Inc.

(Financial

Services)

1,717

Castle

Biosciences,

Inc.

\*

(Health

Care

Providers

&

Services)

2,357

Catalyst

Pharmaceuticals,

Inc.

\*

(Biotechnology)

9,582

Cathay

General

Bancorp

(Banks)

10,770

Cavco

Industries,

Inc.

\*

(Household

Durables)

12,592

CB

Financial

Services,

Inc.

(Banking)

513

CBIZ,

Inc.

\*

(Professional

Services)

4,430

CBL

&

Associates

Properties,

Inc.

(Retail

REITs)

2,344

CECO

Environmental

Corp.

\*

(Commercial

Services

&

Supplies)

5,898

Celcuity,

Inc.

\*

(Biotechnology)

13,354

Celldex

Therapeutics,

Inc.

\*

(Biotechnology)

6,947

Centerspace

(Residential

REITs)

3,217

Central

Garden

&

Pet

Co.

\*

(Household

Products)

1,030

Central

Garden

&

Pet

Co.

\*

-

Class

A

(Household

Products)

5,382

Central

Pacific

Financial

Corp.

(Banks)

2,749

Centrus

Energy

Corp.

\*(a)

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

9,721

Centuri

Holdings,

Inc.

\*

(Construction

&

Engineering)

8,617

Century

Aluminum

Co.

\*

(Metals

&

Mining)

11,151

Century

Communities,

Inc.

(Household

Durables)

4,877

Cerence,

Inc.

\*

(Software)

928

CeriBell,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,650

Cerus

Corp.

\*

(Health

Care

Equipment

&

Supplies)

618

1,125

CEVA,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,644

CF

Bankshares,

Inc.

(Banking)

CG

Oncology,

Inc.

\*

(Biotechnology)

13,401

Chain

Bridge

Bancorp,

Inc.

\*

(Banking)

Chaince

Digital

Holdings,

Inc.

\*

(Commercial

Support

Services)

509

Champion

Homes,

Inc.

\*

(Household

Durables)

13,907

Chart

Industries,

Inc.

\*

(Machinery)

31,219

Chatham

Lodging

Trust

(Hotel

&

Resort

REITs)

1,228

Chemung

Financial

Corp.

(Banks)

753

Chesapeake

Utilities

Corp.

(Gas

Utilities)

9,857

Common

Stocks,

continued

Shares

Value

Chicago

Atlantic

Real

Estate

Finance,

Inc.

(Mortgage

REITs)

$

691

Chimera

Investment

Corp.

(Mortgage

REITs)

3,439

ChoiceOne

Financial

Services,

Inc.

(Banks)

1,350

Cimpress

PLC

\*

(Commercial

Services

&

Supplies)

4,161

Cinemark

Holdings,

Inc.

(Entertainment)

10,126

Cipher

Mining,

Inc.

\*

(Software)

1,086

13,977

Citi

Trends,

Inc.

(Specialty

Retail)

693

Citizens

&

Northern

Corp.

(Banks)

1,296

Citizens

Community

Bancorp,

Inc.

(Banking)

614

Citizens

Financial

Services,

Inc.

(Banks)

917

Citizens,

Inc.

\*

(Insurance)

760

City

Holding

Co.

(Banks)

5,617

Civista

Bancshares,

Inc.

(Banks)

1,550

Claritev

Corp.

\*

(Technology

Services)

507

Claros

Mortgage

Trust,

Inc.

(Mortgage

REITs)

735

Clarus

Corp.

\*

(Leisure

Products)

Clean

Energy

Fuels

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

581

1,441

Cleanspark,

Inc.

\*

(Software)

846

7,199

Clear

Secure,

Inc.

-

Class

A

(Software)

14,281

Clearfield,

Inc.

\*

(Communications

Equipment)

1,006

ClearPoint

Neuro,

Inc.

\*

(Medical

Equipment

&

Devices)

846

Clearwater

Analytics

Holdings,

Inc.

\*

-

Class

A

(Software)

934

22,089

Clearwater

Paper

Corp.

\*

(Paper

&

Forest

Products)

748

Climb

Global

Solutions,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,031

Clipper

Realty,

Inc.

\*

(Residential

REITs)

Clover

Health

Investments

Corp.

\*

(Health

Care

Facilities

&

Services)

1,367

2,405

CNB

Financial

Corp.

(Banks)

2,838

CNO

Financial

Group,

Inc.

(Insurance)

12,974

CNX

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

17,771

Coastal

Financial

Corp.

\*

(Banks)

3,272

CoastalSouth

Bancshares,

Inc.

\*

(Banks)

762

Codexis,

Inc.

\*

(Life

Sciences

Tools

&

Services)

Coeur

Mining,

Inc.

\*

(Metals

&

Mining)

3,418

64,155

Cogent

Biosciences,

Inc.

\*

(Biotechnology)

18,437

Cogent

Communications

Holdings,

Inc.

(Diversified

Telecommunication

Services)

3,071

Cohen

&

Steers,

Inc.

(Capital

Markets)

5,817

Coherus

Oncology,

Inc.

\*

(Biotechnology)

585

Cohu,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

4,685

Collegium

Pharmaceutical,

Inc.

\*

(Pharmaceuticals)

3,472

Colony

Bankcorp,

Inc.

\*

(Banks)

1,378

Columbia

Financial,

Inc.

\*

(Banks)

1,593

Columbus

McKinnon

Corp.

(Machinery)

1,380

Commercial

Bancgroup,

Inc.

\*

(Banks)

598

Commercial

Metals

Co.

(Metals

&

Mining)

22,913

Community

Financial

System,

Inc.

(Banks)

10,381

Community

Health

Systems,

Inc.

\*

(Health

Care

Providers

&

Services)

1,261

Community

Healthcare

Trust,

Inc.

(Health

Care

REITs)

1,462

Community

Trust

Bancorp,

Inc.

(Banks)

3,218

Community

West

Bancshares

(Banks)

1,794

CommVault

Systems,

Inc.

\*

(Software)

11,528

Compass

Diversified

Holdings

(Financial

Services)

1,769

Compass

Minerals

International,

Inc.

(Metals

&

Mining)

2,452

Compass

Therapeutics,

Inc.

\*

(Biotechnology)

2,280

Compass,

Inc.

\*

-

Class

A

(Real

Estate

Management

&

Development)

2,148

15,701

Complete

Solaria,

Inc.

\*

(Renewable

Energy)

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

UltraSmall-Cap

Common

Stocks,

continued

Shares

Value

CompX

International,

Inc.

\*

(Commercial

Services

&

Supplies)

$

Comstock

Resources,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

5,228

Concentra

Group

Holdings

Parent,

Inc.

(Health

Care

Providers

&

Services)

8,387

Concrete

Pumping

Holdings,

Inc.

\*

(Construction

&

Engineering)

521

Conduent,

Inc.

\*

(Professional

Services)

603

CONMED

Corp.

(Health

Care

Equipment

&

Supplies)

3,677

ConnectOne

Bancorp,

Inc.

(Banks)

4,256

Consensus

Cloud

Solutions,

Inc.

\*

(Software)

1,496

Consolidated

Water

Co.,

Ltd.

(Water

Utilities)

1,689

Constellium

SE

\*

(Metals

&

Mining)

11,282

Construction

Partners,

Inc.

\*

-

Class

A

(Construction

&

Engineering)

17,779

Consumer

Portfolio

Services,

Inc.

\*

(Consumer

Finance)

Contango

ORE,

Inc.

\*

(Metals

&

Mining)

1,313

Cooper-Standard

Holdings,

Inc.

\*

(Automobile

Components)

1,589

COPT

Defense

Properties

(Office

REITs)

11,659

Core

Laboratories,

Inc.

(Energy

Equipment

&

Services)

2,636

Core

Molding

Technologies,

Inc.

\*

(Chemicals)

605

Core

Natural

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

17,803

Core

Scientific,

Inc.

\*

(IT

Services)

971

14,526

CoreCivic,

Inc.

\*

(Commercial

Services

&

Supplies)

6,524

CorMedix,

Inc.

\*(a)

(Pharmaceuticals)

1,684

Corsair

Gaming,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

866

CorVel

Corp.

\*

(Health

Care

Providers

&

Services)

5,301

Corvus

Pharmaceuticals,

Inc.

\*

(Biotechnology)

3,145

Costamare

Bulkers

Holdings

Ltd.

\*

(Marine

Transportation)

Costamare,

Inc.

(Marine

Transportation)

2,501

Coursera,

Inc.

\*

(Diversified

Consumer

Services)

2,776

Covenant

Logistics

Group,

Inc.

-

Class

A

(Ground

Transportation)

1,385

CPI

Card

Group,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

CRA

International,

Inc.

(Professional

Services)

3,399

Cracker

Barrel

Old

Country

Store,

Inc.

(a) (Hotels,

Restaurants

&

Leisure)

2,080

Crawford

&

Co.

-

Class

A

(Insurance)

548

Credo

Technology

Group

Holding,

Ltd.

\*

(Semiconductors

&

Semiconductor

Equipment)

540

50,690

Crescent

Energy

Co.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

861

11,624

Crexendo,

Inc.

\*

(Technology

Services)

Cricut,

Inc.

-

Class

A

(Household

Durables)

595

Crinetics

Pharmaceuticals,

Inc.

\*

(Biotechnology)

11,877

CRISPR

Therapeutics

AG

\*

(Biotechnology)

14,509

Critical

Metals

Corp.

\*(a)

(Metals

&

Mining)

1,548

Cross

Country

Healthcare,

Inc.

\*

(Health

Care

Providers

&

Services)

987

CryoPort,

Inc.

\*

(Life

Sciences

Tools

&

Services)

1,350

CS

Disco,

Inc.

\*

(Software)

CSG

Systems

International,

Inc.

(Professional

Services)

7,434

CSP,

Inc.

\*

(Technology

Services)

CSW

Industrials,

Inc.

(Building

Products)

13,811

CTO

Realty

Growth,

Inc.

(Equity

REIT

-

Diversified)

1,941

CTS

Corp.

(Electronic

Equipment,

Instruments

&

Components)

4,585

Cullinan

Therapeutics,

Inc.

\*

(Biotechnology)

2,558

Curbline

Properties

Corp.

\*

(Retail

REITs)

8,408

Common

Stocks,

continued

Shares

Value

CuriosityStream,

Inc.

(Entertainment

Content)

$

Cushman

&

Wakefield

Ltd.

\*

(Real

Estate

Services)

775

9,501

Custom

Truck

One

Source,

Inc.

\*

(Trading

Companies

&

Distributors)

1,327

Customers

Bancorp,

Inc.

\*

(Banks)

7,427

CVB

Financial

Corp.

(Banks)

8,357

CVR

Energy,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

3,466

CVRx,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

511

Cytek

Biosciences,

Inc.

\*

(Life

Sciences

Tools

&

Services)

1,717

Cytokinetics,

Inc.

\*

(Biotechnology)

26,430

Daily

Journal

Corp.

\*

(Software)

1,929

Dakota

Gold

Corp.

\*

(Metals

&

Mining)

1,510

Daktronics,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

2,600

Dana,

Inc.

(Automobile

Components)

12,753

Dave

&

Buster's

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

986

Dave,

Inc.

\*

(Software)

6,093

Day

One

Biopharmaceuticals,

Inc.

\*

(Biotechnology)

5,617

Definitive

Healthcare

Corp.

\*

(Health

Care

Technology)

Definium

Therapeutics,

Inc.

\*

(Pharmaceuticals)

6,218

Delcath

Systems,

Inc.

\*

(Medical

Equipment

&

Devices)

937

Delek

US

Holdings,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

8,879

Deluxe

Corp.

(Commercial

Services

&

Supplies)

4,076

Denali

Therapeutics,

Inc.

\*

(Biotechnology)

9,139

Designer

Brands,

Inc.

-

Class

A

(Specialty

Retail)

637

DHT

Holdings,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

8,276

DiaMedica

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

779

Diamond

Hill

Investment

Group,

Inc.

(Capital

Markets)

1,377

DiamondRock

Hospitality

Co.

(Hotel

&

Resort

REITs)

681

6,381

Dianthus

Therapeutics,

Inc.

\*

(Biotechnology)

10,070

Diebold

Nixdorf,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

6,111

Digi

International,

Inc.

\*

(Communications

Equipment)

5,977

Digimarc

Corp.

\*

(Software)

Digital

Turbine,

Inc.

\*

(Software)

1,045

DigitalBridge

Group,

Inc.

(Real

Estate

Management

&

Development)

593

9,143

DigitalOcean

Holdings,

Inc.

\*

(IT

Services)

21,873

Dime

Community

Bancshares,

Inc.

(Banks)

4,498

Dine

Brands

Global,

Inc.

(Hotels,

Restaurants

&

Leisure)

1,233

Diodes,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

10,512

Disc

Medicine,

Inc.

\*

(Biotechnology)

5,882

Distribution

Solutions

Group,

Inc.

\*

(Trading

Companies

&

Distributors)

866

Diverisifed

Energy

Co.

(Oil

&

Gas

Producers)

3,679

Diversified

Healthcare

Trust

(Health

Care

REITs)

734

4,874

DMC

Global,

Inc.

\*

(Energy

Equipment

&

Services)

DNOW,

Inc.

\*

(Trading

Companies

&

Distributors)

622

7,408

DocGo,

Inc.

\*

(Health

Care

Providers

&

Services)

Dole

PLC

(Food

Products)

3,215

Domo,

Inc.

\*

-

Class

B

(Software)

Donegal

Group,

Inc.

-

Class

A

(Insurance)

962

Donnelley

Financial

Solutions,

Inc.

\*

(Capital

Markets)

4,007

Dorian

LPG,

Ltd.

\*

(Oil,

Gas

&

Consumable

Fuels)

4,241

Dorman

Products,

Inc.

\*

(Automobile

Components)

9,601

Douglas

Dynamics,

Inc.

(Machinery)

3,199

Douglas

Elliman,

Inc.

(Real

Estate

Services)

Douglas

Emmett,

Inc.

(Office

REITs)

542

5,106

Dream

Finders

Homes,

Inc.

\*

-

Class

A

(Household

Durables)

1,378

Driven

Brands

Holdings,

Inc.

\*

(Commercial

Services

&

Supplies)

2,522

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

UltraSmall-Cap

Common

Stocks,

continued

Shares

Value

Ducommun,

Inc.

\*

(Aerospace

&

Defense)

$

5,612

D-Wave

Quantum,

Inc.

\*

(Software)

1,223

17,648

DXP

Enterprises,

Inc.

\*

(Trading

Companies

&

Distributors)

6,008

Dycom

Industries,

Inc.

\*

(Construction

&

Engineering)

33,204

Dyne

Therapeutics,

Inc.

\*

(Biotechnology)

8,086

Dynex

Capital,

Inc.

(a) (Mortgage

REITs)

668

8,523

Eagle

Bancorp

Montana,

Inc.

(Banking)

515

Eagle

Bancorp,

Inc.

(Banks)

2,338

Eagle

Financial

Services,

Inc.

(Banking)

525

Easterly

Government

Properties,

Inc.

(Office

REITs)

3,043

Eastern

Bankshares,

Inc.

(Banks)

728

14,240

Eastman

Kodak

Co.

\*

(Technology

Hardware,

Storage

&

Peripherals)

1,901

ECB

BanCorp.,

Inc.

\*

(Banking)

EchoStar

Corp.

\*

-

Class

A

(Media)

53,149

Ecovyst,

Inc.

\*

(Chemicals)

4,913

Edgewell

Personal

Care

Co.

(Personal

Care

Products)

3,222

Edgewise

Therapeutics,

Inc.

\*

(Pharmaceuticals)

7,119

Editas

Medicine,

Inc.

\*

(Biotechnology)

813

eGain

Corp.

\*

(Software)

eHealth,

Inc.

\*

(Insurance)

El

Pollo

Loco

Holdings,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

1,303

Electromed,

Inc.

\*

(Medical

Equipment

&

Devices)

538

Eledon

Pharmaceuticals,

Inc.

\*

(Biotech

&

Pharma)

770

Ellington

Financial,

Inc.

(Mortgage

REITs)

4,835

Embecta

Corp.

(Health

Care

Equipment

&

Supplies)

1,759

Emerald

Holding,

Inc.

(Media)

Emergent

BioSolutions,

Inc.

\*

(Biotechnology)

1,444

Empire

Petroleum

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

Empire

State

Realty

Trust,

Inc.

(Equity

REIT

-

Diversified)

2,434

Employers

Holdings,

Inc.

(Insurance)

3,086

Enact

Holdings,

Inc.

(Financial

Services)

3,755

Enanta

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,149

Encore

Capital

Group,

Inc.

\*

(Consumer

Finance)

5,119

Encore

Energy

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

616

1,109

Energizer

Holdings,

Inc.

(Household

Products)

3,448

Energy

Fuels,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

786

14,345

Energy

Recovery,

Inc.

\*

(Machinery)

1,742

Energy

Services

of

America

Corp.

(Engineering

&

Construction)

525

Enerpac

Tool

Group

Corp.

(Machinery)

6,492

EnerSys

(Electrical

Equipment)

21,368

Enhabit,

Inc.

\*

(Health

Care

Providers

&

Services)

2,339

Enliven

Therapeutics,

Inc.

\*

(Pharmaceuticals)

5,174

Ennis,

Inc.

(Commercial

Services

&

Supplies)

1,735

Enova

International,

Inc.

\*

(Consumer

Finance)

10,866

Enovis

Corp.

\*

(Health

Care

Equipment

&

Supplies)

4,345

Enovix

Corp.

\*

(Electrical

Equipment)

645

3,341

Enpro,

Inc.

(Machinery)

17,796

Enterprise

Financial

Services

Corp.

(Banks)

6,656

Entrada

Therapeutics,

Inc.

\*

(Biotechnology)

1,199

Entravision

Communications

Corp.

-

Class

A

(Media)

618

Envela

Corp.

\*

(Renewable

Energy)

Enviri

Corp.

(Commercial

Services

&

Supplies)

4,983

Eos

Energy

Enterprises,

Inc.

\*

(Renewable

Energy)

1,033

5,123

ePlus,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

6,622

Epsilon

Energy

Ltd.

(Oil

&

Gas

Producers)

Equity

Bancshares,

Inc.

\*

-

Class

A

(Banks)

2,531

Erasca,

Inc.

\*

(Biotechnology)

634

10,258

Ermenegildo

Zegna

NV

(Apparel

&

Textile

Products)

2,156

Common

Stocks,

continued

Shares

Value

Escalade,

Inc.

(Leisure

Products)

$

584

ESCO

Technologies,

Inc.

(Machinery)

24,479

Esperion

Therapeutics,

Inc.

\*

(Pharmaceuticals)

806

2,208

Esquire

Financial

Holdings,

Inc.

(Banks)

2,580

Essent

Group,

Ltd.

(Financial

Services)

18,174

Essential

Properties

Realty

Trust,

Inc.

(Equity

REIT

-

Diversified)

665

20,190

Ethan

Allen

Interiors,

Inc.

(Household

Durables)

1,736

Eton

Pharmaceuticals,

Inc.

\*

(Biotech

&

Pharma)

2,122

European

Wax

Center,

Inc.

\*

-

Class

A

(Diversified

Consumer

Services)

566

Eve

Holding,

Inc.

\*

(Aerospace

&

Defense)

796

EverCommerce,

Inc.

\*

(Software)

549

EverQuote,

Inc.

\*

-

Class

A

(Interactive

Media

&

Services)

1,480

EVERTEC,

Inc.

(Financial

Services)

6,067

EVgo,

Inc.

\*

(Specialty

Retail)

746

EVI

Industries,

Inc.

\*

(Trading

Companies

&

Distributors)

Evolent

Health,

Inc.

\*

-

Class

A

(Health

Care

Technology)

850

Evolus,

Inc.

\*

(Pharmaceuticals)

773

Evolution

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

Evolv

Technologies

Holdings,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

519

3,140

Evommune,

Inc.

\*

(Biotech

&

Pharma)

805

Excelerate

Energy,

Inc.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

2,674

eXp

World

Holdings,

Inc.

(Real

Estate

Management

&

Development)

1,797

Expensify,

Inc.

\*

(Software)

Exponent,

Inc.

(Professional

Services)

10,897

Expro

Group

Holdings

N.V.

\*

(Energy

Equipment

&

Services)

4,770

Extreme

Networks,

Inc.

\*

(Communications

Equipment)

6,741

Exzeo

Group,

Inc.

\*

(Insurance)

EyePoint

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

3,339

F&G

Annuities

&

Life,

Inc.

(Insurance)

3,140

Fabrinet

\*

(Electronic

Equipment,

Instruments

&

Components)

63,105

Falcon's

Beyond

Global,

Inc.

\*(a)

(Professional

Services)

818

Faraday

Future

Intelligent

Electric,

Inc.

\*

(Software)

643

Farmers

&

Merchants

Bancorp,

Inc.

(Banks)

1,078

Farmers

National

Banc

Corp.

(Banks)

2,448

Farmland

Partners,

Inc.

(Specialized

REITs)

1,460

Fastly,

Inc.

\*

-

Class

A

(IT

Services)

13,745

Fate

Therapeutics,

Inc.

\*

(Biotechnology)

FB

BanCorp,

Inc.

\*

(Banking)

742

FB

Financial

Corp.

(Banks)

7,687

Federal

Agricultural

Mortgage

Corp.

-

Class

C

(Financial

Services)

4,599

Federal

Signal

Corp.

(Machinery)

21,736

Fennec

Pharmaceuticals,

Inc.

\*

(Biotechnology)

597

Ferroglobe

PLC

(Metals

&

Mining)

1,648

Fidelis

Insurance

Holdings,

Ltd.

(Insurance)

3,516

Fidelity

D&D

Bancorp,

Inc.

(Banks)

692

Figs,

Inc.

\*

-

Class

A

(Textiles,

Apparel

&

Luxury

Goods)

4,431

Finance

Of

America

Companies,

Inc.

\*

(Specialty

Finance)

Financial

Institutions,

Inc.

(Banks)

2,061

Finward

BanCorp.

(Banking)

Finwise

Bancorp

\*

(Banking)

Firefly

Aerospace,

Inc.

\*(a)

(Aerospace

&

Defense)

2,221

First

Advantage

Corp.

\*

(Professional

Services)

3,116

First

Bancorp

(Banks)

7,607

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

UltraSmall-Cap

Common

Stocks,

continued

Shares

Value

First

Bancorp

(Banks)

524

$

11,193

First

Bank

(Banks)

1,152

First

Busey

Corp.

(Banks)

7,151

First

Business

Financial

Services,

Inc.

(Banks)

1,456

First

Capital,

Inc.

(Banking)

546

First

Commonwealth

Financial

Corp.

(Banks)

6,065

First

Community

Bancshares,

Inc.

\*

(Banks)

2,284

First

Community

Corp

(Banking)

702

First

Financial

Bancorp

\*

(Banks)

9,702

First

Financial

Bankshares,

Inc.

(Banks)

13,253

First

Financial

Corp.

(Banks)

2,402

First

Internet

Bancorp

(Banks)

530

First

Interstate

BancSystem,

Inc.

-

Class

A

(Banks)

9,653

First

Merchants

Corp.

(Banks)

8,095

First

Mid

Bancshares,

Inc.

(Banks)

3,007

First

National

Corp.

(Banking)

700

First

United

Corp.

\*

(Banking)

733

First

Watch

Restaurant

Group,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

2,106

First

Western

Financial,

Inc.

\*

(Banks)

688

FirstCash

Holdings,

Inc.

(Consumer

Finance)

25,004

Firstsun

Capital

Bancorp

\*

(Banking)

2,770

FitLife

Brands,

Inc.

\*

(Biotech

&

Pharma)

Five

Star

Bancorp

(Banks)

1,961

Five9,

Inc.

\*

(Software)

3,974

FLEX

LNG,

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

3,120

Flexsteel

Industries,

Inc.

(Household

Durables)

539

Flotek

Industries,

Inc.

\*

(Oil

&

Gas

Services

&

Equipment)

815

Flowco

Holdings,

Inc.

\*

-

Class

A

(Oil

&

Gas

Services

&

Equipment)

1,524

Fluence

Energy,

Inc.

\*

(Electrical

Equipment)

3,289

Fluor

Corp.

(Construction

&

Engineering)

539

25,144

Flushing

Financial

Corp.

(Banks)

1,659

flyExclusive,

Inc.

\*

(Passenger

Airlines)

Flywire

Corp.

\*

(Financial

Services)

4,563

Foghorn

Therapeutics,

Inc.

\*

(Biotechnology)

550

Fold

Holdings,

Inc.

\*

(Capital

Markets)

Forafric

Global

PLC

\*

(Food

Products)

Forestar

Group,

Inc.

\*

(Real

Estate

Management

&

Development)

1,589

FormFactor,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

25,314

Forrester

Research,

Inc.

\*

(Professional

Services)

Fortrea

Holdings,

Inc.

\*

(Life

Sciences

Tools

&

Services)

2,939

Forum

Energy

Technologies,

Inc.

\*

(Energy

Equipment

&

Services)

2,112

Forward

Air

Corp.

\*

(Air

Freight

&

Logistics)

1,220

Four

Corners

Property

Trust,

Inc.

(Specialized

REITs)

8,372

Fox

Factory

Holding

Corp.

\*

(Automobile

Components)

2,321

Franklin

BSP

Realty

Trust,

Inc.

(Mortgage

REITs)

2,326

Franklin

Covey

Co.

\*

(Professional

Services)

521

Franklin

Electric

Co.,

Inc.

(Machinery)

11,982

Franklin

Financial

Services

Corp.

(Banking)

715

Franklin

Street

Properties

Corp.

(Office

REITs)

Frequency

Electronics

Inc

\*

(Technology

Hardware)

974

Fresh

Del

Monte

Produce,

Inc.

(Food

Products)

4,468

Freshworks,

Inc.

\*

-

Class

A

(Software)

698

5,605

Friedman

Industries,

Inc.

\*

(Steel)

Frontdoor,

Inc.

\*

(Diversified

Consumer

Services)

12,845

Frontier

Group

Holdings,

Inc.

\*

(Passenger

Airlines)

678

FrontView

REIT,

Inc.

(Retail

REITs)

1,067

FRP

Holdings,

Inc.

\*

(Real

Estate

Management

&

Development)

853

FS

Bancorp,

Inc.

\*

(Banks)

849

Common

Stocks,

continued

Shares

Value

FTAI

Infrastructure,

Inc.

(Ground

Transportation)

$

1,813

fuboTV,

Inc.

\*

(Internet

Media

&

Services)

908

Fulcrum

Therapeutics,

Inc.

\*

(Pharmaceuticals)

1,534

Fulgent

Genetics,

Inc.

\*

(Health

Care

Providers

&

Services)

1,113

Fulton

Financial

Corp.

(Banks)

642

13,058

Funko,

Inc.

\*

-

Class

A

(Leisure

Products)

FutureFuel

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

FVCBankcorp,

Inc.

\*

(Banks)

790

Gaia,

Inc.

\*

(Retail

-

Discretionary)

Gambling.com

Group,

Ltd.

\*

(Media)

Gannett

Co.,

Inc.

\*

(Media)

3,328

Garret

Motion,

Inc.

(Automotive)

594

10,792

GATX

Corp.

(Trading

Companies

&

Distributors)

20,490

GBank

Financial

Holdings,

Inc.

\*

(Specialty

Finance)

804

GCM

Grosvenor,

Inc.

-

Class

A

(Capital

Markets)

2,009

Genco

Shipping

&

Trading,

Ltd.

(Marine

Transportation)

2,390

Gencor

Industries,

Inc.

\*

(Machinery)

525

GeneDx

Holdings

Corp.

\*

(Health

Care

Providers

&

Services)

4,110

Genesco,

Inc.

\*

(Specialty

Retail)

957

Genie

Energy,

Ltd.

-

Class

B

(Electric

Utilities)

990

Genius

Sports

Ltd.

\*

(Leisure

Facilities

&

Services)

732

3,243

Gentherm,

Inc.

\*

(Automobile

Components)

2,806

Genworth

Financial,

Inc.

\*

(Insurance)

1,323

10,742

German

American

Bancorp,

Inc.

\*

(Banks)

5,057

Geron

Corp.

\*

(Biotechnology)

1,827

2,722

Getty

Images

Holdings,

Inc.

\*(a)

(Interactive

Media

&

Services)

Getty

Realty

Corp.

(Retail

REITs)

5,756

Gevo,

Inc.

\*

(Renewable

Energy)

783

2,138

Gibraltar

Industries,

Inc.

\*

(Building

Products)

3,987

GigaCloud

Technology,

Inc.

\*

-

Class

A

(Distributors)

3,631

G-III

Apparel

Group,

Ltd.

\*

(Textiles,

Apparel

&

Luxury

Goods)

3,379

Ginkgo

Bioworks

Holdings,

Inc.

\*

(Health

Care

Facilities

&

Services)

870

Glacier

Bancorp,

Inc.

(Banks)

19,163

Gladstone

Commercial

Corp.

(Equity

REIT

-

Diversified)

1,852

Gladstone

Land

Corp.

(Specialized

REITs)

1,193

Glaukos

Corp.

\*

(Health

Care

Equipment

&

Supplies)

20,131

Global

Business

Travel

Group,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

2,438

Global

Industrial

Co.

(Trading

Companies

&

Distributors)

1,513

Global

Medical

REIT,

Inc.

(Health

Care

REITs)

1,422

Global

Net

Lease,

Inc.

(Equity

REIT

-

Diversified)

663

6,206

Global

Water

Resources,

Inc.

(Water

Utilities)

Globalstar,

Inc.

\*

(Telecommunications)

11,159

Gogo,

Inc.

\*

(Wireless

Telecommunication

Services)

1,049

GoHealth,

Inc.

\*

-

Class

A

(Insurance)

Golar

LNG,

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

17,693

Gold.com,

Inc.

(Distributors)

2,565

Golden

Entertainment,

Inc.

\*

ARS

(Hotels,

Restaurants

&

Leisure)

1,735

Goosehead

Insurance,

Inc.

\*

-

Class

A

(Insurance)

3,370

Gossamer

Bio,

Inc.

\*

(Biotechnology)

643

GPGI,

Inc.

\*

-

Class

A

(Technology

Hardware,

Storage

&

Peripherals)

595

10,175

Graham

Corp.

(Machinery)

2,762

Graham

Holdings

Co.

-

Class

B

(Diversified

Consumer

Services)

11,630

GRAIL,

Inc.

\*

(Biotechnology)

6,098

Granite

Construction,

Inc.

(Construction

&

Engineering)

17,502

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

UltraSmall-Cap

Common

Stocks,

continued

Shares

Value

Granite

Ridge

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

$

1,062

Gray

Television,

Inc.

(Media)

1,276

Great

Lakes

Dredge

&

Dock

Corp.

\*

(Construction

&

Engineering)

3,791

Great

Southern

Bancorp,

Inc.

(Banks)

1,705

Green

Brick

Partners,

Inc.

\*

(Household

Durables)

6,767

Green

Dot

Corp.

\*

-

Class

A

(Consumer

Finance)

2,031

Green

Plains,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

3,767

Greene

County

Bancorp,

Inc.

(Banks)

515

Greenlight

Capital

Re,

Ltd.

\*

-

Class

A

(Insurance)

1,522

Greenwich

Lifesciences,

Inc.

\*(a)

(Biotechnology)

504

Greif,

Inc.

-

Class

A

(Containers

&

Packaging)

5,366

Greif,

Inc.

-

Class

B

(Containers

&

Packaging)

1,401

Grid

Dynamics

Holdings,

Inc.

\*

(IT

Services)

1,271

Griffon

Corp.

(Building

Products)

9,303

Grindr,

Inc.

\*

(Interactive

Media

&

Services)

1,269

Grocery

Outlet

Holding

Corp.

\*

(Consumer

Staples

Distribution

&

Retail)

2,235

Group

Automotive,

Inc.

(Specialty

Retail)

12,895

Groupon,

Inc.

\*

(Broadline

Retail)

1,012

Guardant

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

38,333

Guardian

Pharmacy

Services,

Inc.

\*

-

Class

A

(Consumer

Staples

Distribution

&

Retail)

2,825

Gulfport

Energy

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

11,213

Gyre

Therapeutics,

Inc.

\*

(Biotechnology)

H.B.

Fuller

Co.

(Chemicals)

11,287

H2O

America

\*

(Water

Utilities)

6,571

HA

Sustainable

Infrastructure

Capital,

Inc.

(Financial

Services)

15,361

Haemonetics

Corp.

\*

(Health

Care

Equipment

&

Supplies)

8,849

Hallador

Energy

Co.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,840

Hamilton

Beach

Brands

Holding

Co.

\*

-

Class

A

(Household

Durables)

Hamilton

Insurance

Group,

Ltd.

\*

-

Class

B

(Insurance)

4,415

Hancock

Whitney

Corp.

(Banks)

17,805

Hanmi

Financial

Corp.

(Banks)

2,610

Hanover

Bancorp,

Inc.

\*

(Banking)

Harmonic,

Inc.

\*

(Communications

Equipment)

3,341

Harmony

Biosciences

Holdings,

Inc.

\*

(Pharmaceuticals)

4,089

Harrow,

Inc.

\*

(Pharmaceuticals)

3,738

Haverty

Furniture

Cos.,

Inc.

(Specialty

Retail)

953

Hawaiian

Electric

Industries,

Inc.

\*

(Electric

Utilities)

547

8,117

Hawkins,

Inc.

(Chemicals)

9,984

Hawthorn

Bancshares,

Inc.

(Banking)

640

HBT

Financial,

Inc.

(Banks)

1,015

HCI

Group,

Inc.

(Insurance)

5,566

Health

Catalyst,

Inc.

\*

(Health

Care

Technology)

Healthcare

Services

Group,

Inc.

\*

(Commercial

Services

&

Supplies)

4,378

HealthEquity,

Inc.

\*

(Health

Care

Providers

&

Services)

23,567

HealthStream,

Inc.

(Health

Care

Technology)

1,657

HeartFlow,

Inc.

\*

(Health

Care

Technology)

1,630

Heartland

Express,

Inc.

(Ground

Transportation)

1,529

Hecla

Mining

Co.

(Metals

&

Mining)

2,127

39,626

Helen

of

Troy,

Ltd.

\*

(Household

Durables)

1,110

Helios

Technologies,

Inc.

(Machinery)

7,183

Helix

Energy

Solutions

Group,

Inc.

\*

(Energy

Equipment

&

Services)

4,599

Helmerich

&

Payne,

Inc.

(Energy

Equipment

&

Services)

11,926

Herbalife,

Ltd.

\*

(Personal

Care

Products)

5,034

Herc

Holdings,

Inc.

(Trading

Companies

&

Distributors)

10,851

Common

Stocks,

continued

Shares

Value

Heritage

Commerce

Corp.

(Banks)

$

2,496

Heritage

Financial

Corp.

(Banks)

2,964

Heritage

Insurance

Holdings,

Inc.

\*

(Insurance)

2,153

Heron

Therapeutics,

Inc.

\*

(Biotechnology)

514

Hertz

Global

Holdings,

Inc.

\*(a)

(Ground

Transportation)

1,844

HF

Foods

Group,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

HighPeak

Energy,

Inc.

(a) (Oil,

Gas

&

Consumable

Fuels)

511

Hillman

Solutions

Corp.

(Machinery)

663

5,516

Hilltop

Holdings,

Inc.

\*

(Banks)

5,194

Hilton

Grand

Vacations,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

7,941

Himalaya

Shipping,

Ltd.

(Marine

Transportation)

1,237

Hims

&

Hers

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

686

14,241

Hingham

Institution

for

Savings

(Banks)

1,715

Hippo

Holdings,

Inc.

\*

(Insurance)

1,564

HireQuest,

Inc.

(Professional

Services)

HNI

Corp.

(Commercial

Services

&

Supplies)

7,880

Holley,

Inc.

\*

(Automobile

Components)

783

Hologic,

Inc.

\*

(Biotechnology)

851

Home

Bancorp,

Inc.

(Banks)

1,393

Home

BancShares,

Inc.

(Banks)

630

16,966

HomeTrust

Bancshares,

Inc.

(Banks)

2,260

Hope

Bancorp,

Inc.

(Banks)

4,624

Horace

Mann

Educators

Corp.

(Insurance)

5,804

Horizon

Bancorp,

Inc.

(Banks)

2,784

Hovnanian

Enterprises,

Inc.

\*

-

Class

A

(Household

Durables)

1,775

Hub

Group,

Inc.

\*

-

Class

A

(Air

Freight

&

Logistics)

7,208

Hudson

Pacific

Properties,

Inc.

\*

(Office

REITs)

1,052

Hudson

Technologies,

Inc.

\*

(Trading

Companies

&

Distributors)

759

Humacyte,

Inc.

\*(a)

(Biotechnology)

542

Huron

Consulting

Group,

Inc.

\*

(Professional

Services)

7,267

Hut

Corp.

\*

(Software)

15,386

Hyliion

Holdings

Corp.

\*

(Machinery)

730

Hyster-Yale,

Inc.

-

Class

A

(Machinery)

1,333

I3

Verticals,

Inc.

\*

-

Class

A

(Financial

Services)

1,655

IBEX

Holdings,

Ltd.

\*

(Professional

Services)

912

Ibotta,

Inc.

\*

-

Class

A

(Media)

1,109

ICF

International,

Inc.

\*

(Professional

Services)

3,983

Ichor

Holdings,

Ltd.

\*

(Semiconductors

&

Semiconductor

Equipment)

5,314

ICU

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

10,461

Idaho

Strategic

Resources,

Inc.

\*

(Metals

&

Mining)

1,606

Ideaya

Biosciences,

Inc.

\*

(Biotechnology)

9,430

IDT

Corp.

-

Class

B

(Diversified

Telecommunication

Services)

2,651

IES

Holdings,

Inc.

\*

(Construction

&

Engineering)

14,294

iHeartMedia,

Inc.

\*

-

Class

A

(Media)

1,188

IMAX

Corp.

\*

(Entertainment)

5,549

Immersion

Corp.

(Technology

Hardware,

Storage

&

Peripherals)

513

ImmunityBio,

Inc.

\*(a)

(Biotechnology)

987

7,570

Immunome,

Inc.

\*

(Biotechnology)

7,458

Immunovant,

Inc.

\*

(Biotechnology)

6,781

Impinj,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

9,654

Independence

Realty

Trust,

Inc.

(Residential

REITs)

805

11,987

Independent

Bank

Corp.

(Banks)

12,560

Independent

Bank

Corp.

(Banks)

2,231

indie

Semiconductor,

Inc.

\*(a)

-

Class

A

(Semiconductors

&

Semiconductor

Equipment)

669

2,154

Indivior

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

12,375

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

UltraSmall-Cap

Common

Stocks,

continued

Shares

Value

Industrial

Logistics

Properties

Trust

(Industrial

REITs)

$

1,056

Infinity

Natural

Resources,

Inc.

\*

-

Class

A

(Oil

&

Gas

Producers)

951

Information

Services

Group,

Inc.

(IT

Services)

Ingevity

Corp.

\*

(Chemicals)

8,548

Ingles

Markets,

Inc.

-

Class

A

(Consumer

Staples

Distribution

&

Retail)

4,405

Inhibikase

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

601

Inhibrx

Biosciences,

Inc.

\*

(Biotechnology)

2,017

Inmune

Bio,

Inc.

\*

(Biotechnology)

Innodata,

Inc.

\*

(Professional

Services)

3,978

Innospec,

Inc.

(Chemicals)

6,061

Innovage

Holding

Corp.

\*

(Health

Care

Providers

&

Services)

545

Innovative

Industrial

Properties,

Inc.

(Industrial

REITs)

4,665

Innovex

International,

Inc.

\*

(Energy

Equipment

&

Services)

3,171

Innoviva,

Inc.

\*

(Pharmaceuticals)

5,848

Innventure,

Inc.

\*

(Capital

Markets)

676

Inogen,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Inseego

Corp.

\*

(Technology

Hardware)

500

Insight

Enterprises,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

6,567

Insperity,

Inc.

(Professional

Services)

3,272

Inspired

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

599

Installed

Building

Products,

Inc.

(Household

Durables)

20,682

Insteel

Industries,

Inc.

(Building

Products)

2,117

Intapp,

Inc.

\*

(Software)

4,907

Integer

Holdings

Corp.

\*

(Health

Care

Equipment

&

Supplies)

10,120

Integra

LifeSciences

Holdings

Corp.

\*

(Health

Care

Equipment

&

Supplies)

2,110

Intellia

Therapeutics,

Inc.

\*

(Biotechnology)

4,756

InterDigital,

Inc.

(Software)

26,273

Interface,

Inc.

(Commercial

Services

&

Supplies)

4,834

International

Bancshares

Corp.

(Banks)

12,247

International

Game

Technology

PLC

(Hotels,

Restaurants

&

Leisure)

4,472

International

Money

Express,

Inc.

\*

(Financial

Services)

1,454

International

Seaways,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

9,839

Interparfums,

Inc.

(Personal

Care

Products)

5,542

Intrepid

Potash,

Inc.

\*

(Chemicals)

1,540

Intuitive

Machines,

Inc.

\*

(Aerospace

&

Defense)

6,904

InvenTrust

Properties

Corp.

(Retail

REITs)

7,950

Invesco

Mortgage

Capital,

Inc.

(Mortgage

REITs)

2,085

Investar

Holding

Corp.

(Banks)

1,173

Investors

Title

Co.

\*

(Insurance)

1,087

IonQ,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

1,155

33,298

Iovance

Biotherapeutics,

Inc.

\*

(Biotechnology)

1,128

3,959

iRadimed

Corp.

\*

(Health

Care

Equipment

&

Supplies)

2,599

IRhythm

Holdings,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

12,628

Ironwood

Pharmaceuticals,

Inc.

\*

(Biotechnology)

535

1,878

Ispire

Technology,

Inc.

\*

(Tobacco)

Itron,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

13,624

Ivanhoe

Electric,

Inc.

\*

(Metals

&

Mining)

4,208

J

&

J

Snack

Foods

Corp.

(Food

Products)

4,043

J

Jill,

Inc.

(Specialty

Retail)

Jack

in

the

Box,

Inc.

(Hotels,

Restaurants

&

Leisure)

571

Jackson

Financial,

Inc.

-

Class

A

(Financial

Services)

23,892

Jade

Biosciences,

Inc.

\*

(Biotech

&

Pharma)

1,503

Common

Stocks,

continued

Shares

Value

JAKKS

Pacific,

Inc.

\*

(Leisure

Products)

$

598

James

River

Group

Holdings,

Inc.

(Insurance)

775

Janus

International

Group,

Inc.

\*

(Building

Products)

2,338

Janux

Therapeutics,

Inc.

\*

(Biotechnology)

1,988

JBG

SMITH

Properties

(Office

REITs)

2,922

Jefferson

Capital,

Inc.

(Consumer

Finance)

1,423

JELD-WEN

Holding,

Inc.

\*

(Building

Products)

JetBlue

Airways

Corp.

\*

(Passenger

Airlines)

994

4,393

Joby

Aviation,

Inc.

\*

(Passenger

Airlines)

1,960

16,189

John

B. Sanfilippo

&

Son,

Inc.

\*

(Food

Products)

2,063

John

Bean

Technologies

Corp.

(Machinery)

22,377

John

Marshall

Bancorp,

Inc.

(Banks)

852

John

Wiley

&

Sons,

Inc.

-

Class

A

(Media)

5,105

Johnson

Outdoors,

Inc.

-

Class

A

(Leisure

Products)

930

Journey

Medical

Corp.

\*

(Biotech

&

Pharma)

Kadant,

Inc.

(Machinery)

11,402

Kaiser

Aluminum

Corp.

(Metals

&

Mining)

6,508

Kaltura,

Inc.

\*

(Software)

KalVista

Pharmaceuticals,

Inc.

\*(a)

(Biotechnology)

2,577

Karat

Packaging,

Inc.

(Trading

Companies

&

Distributors)

810

KB

Home

(Household

Durables)

10,661

Kearney

Financial

Corp.

(Banks)

1,442

Kelly

Services,

Inc.

-

Class

A

(Professional

Services)

912

Kennametal,

Inc.

(Machinery)

9,213

Kennedy-Wilson

Holdings,

Inc.

(Real

Estate

Management

&

Development)

4,382

Keros

Therapeutics,

Inc.

\*

(Biotechnology)

1,082

Kestra

Medical

Technologies

Ltd.

\*

(Medical

Equipment

&

Devices)

1,794

Kforce,

Inc.

(Professional

Services)

1,696

Kimball

Electronics,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,919

KinderCare

Learning

Cos.,

Inc.

\*

(Diversified

Consumer

Services)

Kinetik

Holdings,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

7,552

Kingstone

Companies,

Inc.

(Insurance)

525

Kingsway

Financial

Services,

Inc.

\*

(Insurance)

741

Kite

Realty

Group

Trust

(Retail

REITs)

728

17,873

KKR

Real

Estate

Finance

Trust,

Inc.

(Mortgage

REITs)

1,126

Knife

River

Corp.

(Construction

Materials)

15,595

Knowles

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

7,344

Kodiak

Gas

Services,

Inc.

(Energy

Equipment

&

Services)

16,271

Kodiak

Sciences,

Inc.

\*

(Biotechnology)

4,841

Kohl's

Corp.

(Broadline

Retail)

4,708

Kolibri

Global

Energy,

Inc.

\*

(Oil

&

Gas

Producers)

549

Kontoor

Brands,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

12,934

Kopin

Corp.

\*

(Technology

Hardware)

571

1,285

Koppers

Holdings,

Inc.

(Chemicals)

2,437

Korn

Ferry

(Professional

Services)

11,016

Korro

Bio,

Inc.

\*

(Biotechnology)

KORU

Medical

Systems,

Inc.

\*

(Medical

Equipment

&

Devices)

622

Kosmos

Energy,

Ltd.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,587

4,412

Kratos

Defense

&

Security

Solutions,

Inc.

\*

(Aerospace

&

Defense)

605

42,658

Krispy

Kreme,

Inc.

(Hotels,

Restaurants

&

Leisure)

875

Kronos

Worldwide,

Inc.

\*

(Chemicals)

Krystal

Biotech,

Inc.

\*

(Biotechnology)

21,441

Kulicke

&

Soffa

Industries,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

11,172

KULR

Technology

Group,

Inc.

\*

(Technology

Hardware)

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

UltraSmall-Cap

Common

Stocks,

continued

Shares

Value

Kura

Oncology,

Inc.

\*

(Biotechnology)

$

2,195

Kura

Sushi

USA,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

1,605

Kymera

Therapeutics,

Inc.

\*

(Biotechnology)

15,992

L.B.

Foster

Co.

-

Class

A

(Machinery)

921

Ladder

Capital

Corp.

(Mortgage

REITs)

3,732

Lakeland

Financial

Corp.

(Banks)

4,763

Lakeland

Industries,

Inc.

(Apparel

&

Textile

Products)

Lancaster

Colony

Corp.

(Food

Products)

9,267

Landmark

BanCorp,

Inc.

(Banking)

Lands'

End,

Inc.

\*

(Specialty

Retail)

Lantheus

Holdings,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

16,610

Larimar

Therapeutics,

Inc.

\*

(Biotechnology)

711

Latham

Group,

Inc.

\*

(Leisure

Products)

897

Laureate

Education,

Inc.

\*

(Diversified

Consumer

Services)

14,807

La-Z-Boy,

Inc.

(Household

Durables)

4,467

LB

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

1,578

LCI

Industries

(Automobile

Components)

9,715

LCNB

Corp.

(Banks)

702

Legacy

Housing

Corp.

\*

(Household

Durables)

592

Legalzoom.com,

Inc.

\*

(Commercial

Support

Services)

2,365

Legence

Corporation

\*

(Construction

&

Engineering)

7,114

Leggett

&

Platt,

Inc.

(Household

Durables)

4,406

LeMaitre

Vascular,

Inc.

(Health

Care

Equipment

&

Supplies)

7,642

Lemonade,

Inc.

\*

(Insurance)

12,974

LendingClub

Corp.

\*

(Consumer

Finance)

5,485

LendingTree,

Inc.

\*

(Consumer

Finance)

1,587

LENSAR,

Inc.

\*

(Medical

Equipment

&

Devices)

LENZ

Therapeutics,

Inc.

\*

(Biotechnology)

613

Lexeo

Therapeutics,

Inc.

\*

(Biotechnology)

1,269

LGI

Homes,

Inc.

\*

(Household

Durables)

2,728

Liberty

Energy,

Inc.

(Energy

Equipment

&

Services)

528

15,206

Liberty

Latin

America,

Ltd.

\*

-

Class

A

(Diversified

Telecommunication

Services)

847

Liberty

Latin

America,

Ltd.

\*

-

Class

C

(Diversified

Telecommunication

Services)

4,093

Life

Time

Group

Holdings,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

506

13,632

Life360,

Inc.

\*

(Software)

2,817

Lifecore

Biomedical,

Inc.

\*

(Life

Sciences

Tools

&

Services)

LifeMD,

Inc.

\*

(Health

Care

Technology)

LifeStance

Health

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

556

3,542

Lifevantage

Corporation

(Food

Products)

Lifeway

Foods,

Inc.

\*

(Food

Products)

Lifezone

Metals,

Ltd.

\*

(Metals

&

Mining)

Ligand

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

12,977

Lightbridge

Corp.

\*

(Electrical

Equipment)

1,045

Limbach

Holdings,

Inc.

\*

(Construction

&

Engineering)

2,732

Limoneira

Co.

\*

(Food

Products)

752

Lincoln

Educational

Services

Corp.

\*

(Diversified

Consumer

Services)

4,027

Lindblad

Expeditions

Holdings,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

2,214

Lindsay

Corp.

(Machinery)

4,167

LINKBANCORP,

Inc.

(Banks)

600

Lionsgate

Studios

Corp.

\*

(Entertainment)

685

6,569

Liquidia

Corp.

\*

(Pharmaceuticals)

8,265

Liquidity

Services,

Inc.

\*

(Commercial

Services

&

Supplies)

2,384

LivaNova

PLC

\*

(Health

Care

Equipment

&

Supplies)

11,568

Common

Stocks,

continued

Shares

Value

Live

Oak

Bancshares,

Inc.

(Banks)

$

3,902

LiveRamp

Holdings,

Inc.

\*

(Software)

5,543

Livewire

Group,

Inc.

\*

(Automobiles)

loanDepot,

Inc.

\*

(Specialty

Finance)

Logistic

Properties

Of

The

Americas

\*

(Real

Estate

Owners

&

Developers)

LSB

Industries,

Inc.

\*

(Chemicals)

2,682

LSI

Industries,

Inc.

(Electrical

Equipment)

1,730

LTC

Properties,

Inc.

(Health

Care

REITs)

5,871

Lucid

Diagnostics,

Inc.

\*

(Medical

Equipment

&

Devices)

Lumen

Technologies,

Inc.

(Diversified

Telecommunication

Services)

3,191

22,178

Lument

Finance

Trust,

Inc.

\*

(Specialty

Finance)

Lumexa

Imaging

Holdings,

Inc.

\*

(Health

Care

Facilities

&

Services)

731

Luxfer

Holdings

PLC

(Machinery)

1,084

LXP

Industrial

Trust

(Industrial

REITs)

9,021

M/I

Homes,

Inc.

\*

(Household

Durables)

10,653

Mack-Cali

Realty

Corp.

(Residential

REITs)

5,019

Madison

Square

Garden

Entertainment

Corp.

\*

(Entertainment)

7,835

Madrigal

Pharmaceuticals,

Inc.

\*

(Biotechnology)

29,839

Magnera

Corp.

\*

(Forestry,

Paper

&

Wood

Products)

1,027

Magnite,

Inc.

\*

(Media)

5,655

Magnolia

Oil

&

Gas

Corp.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

606

19,130

MainStreet

Bancshares,

Inc.

\*

(Banking)

511

Malibu

Boats,

Inc.

\*

-

Class

A

(Leisure

Products)

1,607

Mama's

Creations,

Inc.

\*

(Food

Products)

1,887

Mammoth

Energy

Services,

Inc.

\*

(Energy

Equipment

&

Services)

Mannkind

Corp.

\*

(Biotechnology)

1,023

2,506

MapLight

Therapeutics,

Inc.

\*

(Biotechnology)

1,321

MARA

Holdings,

Inc.

\*(a)

(Software)

1,269

10,355

Maravai

LifeSciences

Holdings,

Inc.

\*

-

Class

A

(Life

Sciences

Tools

&

Services)

1,033

Marcus

&

Millichap,

Inc.

(Real

Estate

Management

&

Development)

2,127

Marex

Group

PLC

(Institutional

Financial

Services)

8,203

Marine

Products

Corp.

(Leisure

Products)

MarineMax,

Inc.

\*

(Specialty

Retail)

1,759

MarketWise,

Inc.

(Capital

Markets)

Marqeta,

Inc.

\*

-

Class

A

(Financial

Services)

1,199

4,892

Marriott

Vacations

Worldwide

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

6,056

Marten

Transport,

Ltd.

(Ground

Transportation)

2,560

Masterbrand,

Inc.

\*

(Building

Products)

3,532

MasterCraft

Boat

Holdings,

Inc.

\*

(Leisure

Products)

1,087

Materion

Corp.

(Metals

&

Mining)

9,981

Mativ

Holdings,

Inc.

(Chemicals)

1,575

Matrix

Service

Co.

\*

(Construction

&

Engineering)

1,045

Matson,

Inc.

(Marine

Transportation)

16,886

Matthews

International

Corp.

-

Class

A

(Commercial

Services

&

Supplies)

2,582

Maui

Land

&

Pineapple

Co.,

Inc.

\*

(Real

Estate

Management

&

Development)

MaxCyte,

Inc.

\*

(Life

Sciences

Tools

&

Services)

Maximus,

Inc.

(Professional

Services)

11,730

MaxLinear,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

4,747

Mayville

Engineering

Co.,

Inc.

\*

(Machinery)

790

Maze

Therapeutics,

Inc.

\*

(Biotechnology)

2,627

MBIA,

Inc.

\*

(Insurance)

904

MBX

Biosciences,

Inc.

\*

(Pharmaceuticals)

2,836

McGrath

RentCorp

(Trading

Companies

&

Distributors)

9,043

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

UltraSmall-Cap

Common

Stocks,

continued

Shares

Value

McGraw

Hill,

Inc.

\*

(Diversified

Consumer

Services)

$

1,329

Mechanics

Bancorp

\*

(Banks)

2,390

Medallion

Financial

Corp.

\*

(Consumer

Finance)

MediaAlpha,

Inc.

\*

-

Class

A

(Interactive

Media

&

Services)

1,051

Medifast,

Inc.

(Personal

Care

Products)

MediWound,

Ltd.

\*

(Pharmaceuticals)

532

MeiraGTx

Holdings

PLC

\*

(Biotechnology)

1,308

Mercantile

Bank

Corp.

(Banks)

2,828

Merchants

Bancorp

(Financial

Services)

3,733

Mercury

General

Corp.

(Insurance)

7,934

Mercury

Systems,

Inc.

\*

(Aerospace

&

Defense)

13,270

Meridian

Corporation

\*

(Banking)

588

Meridian

Holdings,

Inc.

\*

(Entertainment)

Merit

Medical

Systems,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

13,510

Meritage

Homes

Corp.

(Household

Durables)

13,976

Mesa

Laboratories,

Inc.

(Life

Sciences

Tools

&

Services)

1,592

Methode

Electronics,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

618

Metrocity

Bankshares,

Inc.

(Banks)

2,122

Metropolitan

Bank

Holding

Corp.

(Banks)

2,499

MFA

Financial,

Inc.

(Mortgage

REITs)

3,305

MGE

Energy,

Inc.

(Electric

Utilities)

9,507

MGP

Ingredients,

Inc.

(Beverages)

864

Miami

International

Holdings,

Inc.

\*

(Capital

Markets)

3,191

Microvast

Holdings,

Inc.

\*

(Automotive)

665

998

MicroVision,

Inc.

\*(a)

(Electronic

Equipment,

Instruments

&

Components)

1,023

656

Mid

Penn

Bancorp,

Inc.

(Banks)

2,090

Middlesex

Water

Co.

(Water

Utilities)

3,175

Midland

States

Bancorp,

Inc.

(Banks)

1,517

Miller

Industries,

Inc.

(Machinery)

1,685

MillerKnoll,

Inc.

(Commercial

Services

&

Supplies)

3,311

MiMedx

Group,

Inc.

\*

(Biotechnology)

1,564

Minerals

Technologies,

Inc.

(Chemicals)

7,518

Mineralys

Therapeutics,

Inc.

\*

(Biotechnology)

4,334

Mirion

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

802

14,909

Mirum

Pharmaceuticals,

Inc.

\*

(Biotechnology)

13,026

Mission

Produce,

Inc.

\*

(Food

Products)

1,968

Mister

Car

Wash,

Inc.

\*

(Diversified

Consumer

Services)

2,314

Mistras

Group,

Inc.

\*

(Professional

Services)

547

Mitek

Systems,

Inc.

\*

(Software)

2,012

Mobile

Infrastructure

Corp.

\*

(Real

Estate

Owners

&

Developers)

Modine

Manufacturing

Co.

\*

(Automobile

Components)

37,924

Modiv

Industrial,

Inc.

(Retail

REITs)

Moelis

&

Co.

-

Class

A

(Capital

Markets)

14,193

Monarch

Casino

&

Resort,

Inc.

(Hotels,

Restaurants

&

Leisure)

4,111

Monopar

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

822

Monro,

Inc.

(Specialty

Retail)

1,508

Montauk

Renewables,

Inc.

\*

(Independent

Power/

Renewable

Electricity

Producers)

Monte

Rosa

Therapeutics,

Inc.

\*

(Biotechnology)

3,323

Montrose

Environmental

Group,

Inc.

\*

(Commercial

Services

&

Supplies)

2,408

Moog,

Inc.

-

Class

A

(Aerospace

&

Defense)

27,508

Motorcar

Parts

of

America,

Inc.

\*

(Automotive)

Movado

Group,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

1,245

M-Tron

Industries,

Inc.

\*

(Electrical

Equipment)

735

Mueller

Water

Products,

Inc.

-

Class

A

(Machinery)

522

14,350

Murphy

Oil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

18,644

MVB

Financial

Corp.

(Banks)

919

Common

Stocks,

continued

Shares

Value

Myers

Industries,

Inc.

(Containers

&

Packaging)

$

2,626

Myomo,

Inc.

\*

(Medical

Equipment

&

Devices)

MYR

Group,

Inc.

\*

(Construction

&

Engineering)

14,681

Myriad

Genetics,

Inc.

\*

(Biotechnology)

1,386

N-able,

Inc.

\*

(Software)

1,111

Nabors

Industries,

Ltd.

\*

(Energy

Equipment

&

Services)

4,045

NACCO

Industries,

Inc.

\*

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

676

NANO

Nuclear

Energy,

Inc.

\*(a)

(Electrical

Equipment)

2,744

Nano-X

Imaging,

Ltd.

\*

(Health

Care

Providers

&

Services)

529

Napco

Security

Technologies,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

4,530

Nathan's

Famous,

Inc.

(Hotels,

Restaurants

&

Leisure)

1,007

National

Bank

Holdings

Corp.

-

Class

A

(Banks)

4,973

National

Bankshares,

Inc.

(Banks)

765

National

Beverage

Corp.

\*

(Beverages)

2,692

National

CineMedia,

Inc.

\*

(Media)

677

National

Energy

Services

Reunited

Corp.

\*

(Oil

&

Gas

Services

&

Equipment)

4,831

National

Health

Investors,

Inc.

(Health

Care

REITs)

12,695

National

HealthCare

Corp.

(Health

Care

Providers

&

Services)

6,707

National

Presto

Industries,

Inc.

\*

(Aerospace

&

Defense)

2,330

National

Research

Corp.

\*

(Health

Care

Providers

&

Services)

679

National

Vision

Holdings,

Inc.

\*

(Specialty

Retail)

6,760

Natural

Gas

Services

Group,

Inc.

\*

(Energy

Equipment

&

Services)

1,283

Natural

Grocers

by

Vitamin

Cottage,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

1,112

Nature's

Sunshine

Products,

Inc.

\*

(Personal

Care

Products)

1,343

Navan,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

1,655

Navient

Corp.

(Consumer

Finance)

1,857

Navigator

Holdings

Ltd.

(Transportation

&

Logistics)

1,856

Navitas

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

680

5,964

NB

Bancorp,

Inc.

\*

(Banks)

2,802

NBT

Bancorp,

Inc.

(Banks)

7,281

NCR

Atleos

Corp.

\*

(Financial

Services)

10,677

NCR

Voyix

Corp.

\*

(Software)

2,943

Nelnet,

Inc.

-

Class

A

(Consumer

Finance)

5,545

Neogen

Corp.

\*

(Health

Care

Equipment

&

Supplies)

731

6,791

NeoGenomics,

Inc.

\*

(Health

Care

Providers

&

Services)

3,198

Neonode,

Inc.

\*

(Technology

Hardware)

NerdWallet,

Inc.

\*

-

Class

A

(Consumer

Finance)

1,381

Nerdy,

Inc.

\*

(Diversified

Consumer

Services)

NET

Lease

Office

Properties

\*

(Office

REITs)

576

Net

Power,

Inc.

\*

(Electrical

Equipment)

NETGEAR,

Inc.

\*

(Communications

Equipment)

2,009

NetScout

Systems,

Inc.

\*

(Communications

Equipment)

7,439

NETSTREIT

Corp.

(Retail

REITs)

5,291

Neurogene,

Inc.

\*

(Biotechnology)

766

Neuronetics,

Inc.

\*

(Health

Care

Facilities

&

Services)

NeuroPace,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,118

New

Fortress

Energy,

Inc.

(a) (Oil

&

Gas

Producers)

587

New

Jersey

Resources

Corp.

(Gas

Utilities)

18,563

New

York

Community

Bancorp,

Inc.

(Banks)

1,017

13,394

Newmark

Group,

Inc.

-

Class

A

(Real

Estate

Management

&

Development)

508

7,615

Newsmax,

Inc.

\*

(Internet

Media

&

Services)

830

NewtekOne,

Inc.

\*

(Financial

Services)

898

NexPoint

Diversified

Real

Estate

Trust

(Equity

REIT

-

Diversified)

574

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

UltraSmall-Cap

Common

Stocks,

continued

Shares

Value

Nexpoint

Real

Estate

Finance,

Inc.

(Mortgage

REITs)

$

NexPoint

Residential

Trust,

Inc.

(Residential

REITs)

1,875

NextDecade

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

586

4,489

Nextdoor

Holdings,

Inc.

\*

(Interactive

Media

&

Services)

744

1,042

NextNav,

Inc.

\*

(Software)

5,078

NextNRG,

Inc.

\*

(Oil

&

Gas

Producers)

Nextpower,

Inc.

\*

-

Class

A

(Electrical

Equipment)

58,827

Nexxen

International

Ltd.

\*

(Advertising

&

Marketing)

678

NI

Holdings,

Inc.

\*

(Insurance)

Niagen

Bioscience,

Inc.

\*

(Life

Sciences

Tools

&

Services)

781

Nicolet

Bankshares,

Inc.

(Banks)

9,214

NioCorp

Developments

Ltd.

\*

(Metals

&

Mining)

1,753

Nkarta,

Inc.

\*

(Biotechnology)

NL

Industries,

Inc.

\*

(Commercial

Services

&

Supplies)

nLight,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

9,066

NMI

Holdings,

Inc.

\*

-

Class

A

(Financial

Services)

9,640

Noble

Corp.

PLC

\*

(Energy

Equipment

&

Services)

20,756

Nordic

American

Tankers,

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

686

4,020

Northeast

Bank

(Banks)

2,809

Northeast

Community

Bancorp,

Inc.

(Banks)

976

Northern

Oil

and

Gas,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

9,383

Northfield

Bancorp,

Inc.

(Banks)

1,679

Northpointe

Bancshares,

Inc.

(Banking)

1,190

Northrim

Bancorp,

Inc.

(Banks)

1,670

Northwest

Bancshares,

Inc.

\*

(Banks)

6,167

Northwest

Natural

Holding

Co.

(Gas

Utilities)

7,398

Northwest

Pipe

Co.

\*

(Construction

&

Engineering)

2,492

NorthWestern

Energy

Group,

Inc.

(Multi-Utilities)

13,584

Norwood

Financial

Corp.

(Banks)

971

NovaGold

Resources,

Inc.

\*

(Metals

&

Mining)

940

8,441

Novanta,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

14,291

Novavax,

Inc.

\*(a)

(Biotechnology)

501

4,078

Novocure,

Ltd.

\*

(Health

Care

Equipment

&

Supplies)

3,706

NPK

International,

Inc.

\*

(Energy

Equipment

&

Services)

3,970

Nu

Skin

Enterprises,

Inc.

-

Class

A

(Personal

Care

Products)

1,172

Nurix

Therapeutics,

Inc.

\*

(Biotechnology)

5,270

NuScale

Power

Corp.

\*

(Electrical

Equipment)

532

5,767

Nutex

Health,

Inc.

\*

(Software)

1,616

Nuvalent,

Inc.

\*

-

Class

A

(Biotechnology)

17,109

Nuvation

Bio,

Inc.

\*

(Pharmaceuticals)

807

3,462

Nuvectis

Pharma,

Inc.

\*

(Biotech

&

Pharma)

NVE

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,048

Oak

Valley

Bancorp

(Banks)

746

Oceaneering

International,

Inc.

\*

(Energy

Equipment

&

Services)

11,741

OceanFirst

Financial

Corp.

(Banks)

3,392

Octave

Specialty

Group,

Inc.

\*

(Insurance)

605

Ocular

Therapeutix,

Inc.

\*

(Pharmaceuticals)

629

5,328

OFG

Bancorp

(Banks)

5,826

Ohio

Valley

Banc

Corp.

(Asset

Management)

570

O-I

Glass,

Inc.

(Containers

&

Packaging)

514

5,402

Oil

States

International,

Inc.

\*

(Energy

Equipment

&

Services)

2,200

Oil-Dri

Corp.

of

America

(Household

Products)

2,148

Oklo,

Inc.

\*

(Electric

Utilities)

20,233

Olaplex

Holdings,

Inc.

\*

(Personal

Care

Products)

954

Old

National

Bancorp

(Banks)

1,172

25,901

Old

Second

Bancorp,

Inc.

(Banks)

3,407

Common

Stocks,

continued

Shares

Value

Olema

Pharmaceuticals,

Inc.

\*

(Biotechnology)

$

3,489

Omada

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

1,395

Omega

Flex,

Inc.

\*

(Machinery)

Omeros

Corp.

\*

(Pharmaceuticals)

2,418

OmniAb,

Inc.

\*

(Life

Sciences

Tools

&

Services)

584

Omnicell,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

4,974

ONE

Gas,

Inc.

(Gas

Utilities)

17,226

One

Liberty

Properties,

Inc.

(Equity

REIT

-

Diversified)

1,309

OneSpan,

Inc.

(Software)

1,337

OneSpaWorld

Holdings,

Ltd.

(Diversified

Consumer

Services)

7,665

OneWater

Marine,

Inc.

\*

(Specialty

Retail)

Onity

Group,

Inc.

\*

(Financial

Services)

942

Ooma,

Inc.

\*

(Software)

1,237

OP

Bancorp

(Banking)

519

OPAL

Fuels,

Inc.

\*

(Renewable

Energy)

Open

Lending

Corp.

\*

(Capital

Markets)

OPENLANE,

Inc.

\*

(Commercial

Services

&

Supplies)

10,261

OPKO

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

1,376

1,569

Oportun

Financial

Corp.

\*

(Specialty

Finance)

622

OppFi,

Inc.

\*

(Consumer

Finance)

671

OptimizeRx

Corp.

\*

(Health

Care

Technology)

Option

Care

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

534

14,375

Orange

County

Bancorp,

Inc.

(Banks)

1,247

OraSure

Technologies,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

699

Orchid

Island

Capital,

Inc.

(Mortgage

REITs)

620

4,359

Organogenesis

Holdings,

Inc.

\*

(Biotechnology)

540

ORIC

Pharmaceuticals,

Inc.

\*

(Biotechnology)

2,800

Origin

Bancorp,

Inc.

(Banks)

4,146

Orion

Group

Holdings,

Inc.

\*

(Construction

&

Engineering)

1,373

Orion

SA

(Chemicals)

1,209

Ormat

Technologies,

Inc.

(Independent

Power/

Renewable

Electricity

Producers)

22,831

Orrstown

Financial

Services,

Inc.

(Banks)

2,237

Orthofix

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,503

OrthoPediatrics

Corp.

\*

(Health

Care

Equipment

&

Supplies)

905

Oruka

Therapeutics

Inc

\*

(Biotechnology)

6,327

Oscar

Health,

Inc.

\*

-

Class

A

(Insurance)

679

7,788

OSI

Systems,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

14,072

Otter

Tail

Corp.

(Electric

Utilities)

11,322

Ouster,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,490

Outfront

Media,

Inc.

(Specialized

REITs)

13,118

Outset

Medical,

Inc.

\*

(Software)

Oxford

Industries,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

1,810

P10,

Inc.

-

Class

A

(Capital

Markets)

1,416

Pacific

Biosciences

of

California,

Inc.

\*

(Life

Sciences

Tools

&

Services)

923

1,218

Pacira

BioSciences,

Inc.

\*

(Pharmaceuticals)

3,096

PACS

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

4,722

Pagaya

Technologies,

Ltd.

\*

-

Class

A

(Software)

2,353

PagerDuty,

Inc.

\*

(Software)

1,826

Pagseguro

Digital,

Ltd.

-

Class

A

(Financial

Services)

599

6,002

Palladyne

AI

Corp.

\*

(Machinery)

613

Palomar

Holdings,

Inc.

\*

(Insurance)

10,516

Palvella

Therapeutics,

Inc.

\*

(Biotechnology)

3,241

PAM

Transportation

Services,

Inc.

\*

(Ground

Transportation)

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

UltraSmall-Cap

Common

Stocks,

continued

Shares

Value

Pangaea

Logistics

Solutions,

Ltd.

(Marine

Transportation)

$

708

Papa

John's

International,

Inc.

(Hotels,

Restaurants

&

Leisure)

3,533

Par

Pacific

Holdings,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

10,336

PAR

Technology

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,786

Park

Aerospace

Corp.

(Aerospace

&

Defense)

1,670

Park

National

Corp.

(Banks)

8,173

Parke

Bancorp,

Inc.

\*

(Banks)

909

Park-Ohio

Holdings

Corp.

\*

(Machinery)

793

Pathward

Financial,

Inc.

(Banks)

6,603

Patria

Investments,

Ltd.

-

Class

A

(Capital

Markets)

2,785

Patrick

Industries,

Inc.

(Automobile

Components)

12,107

Patriot

National

Bancorp,

Inc.

\*

(Banking)

Patterson-UTI

Energy,

Inc.

(Energy

Equipment

&

Services)

1,161

12,574

Payoneer

Global,

Inc.

\*

(Financial

Services)

932

4,502

Paysafe,

Ltd.

\*

(Financial

Services)

715

Paysign,

Inc.

\*

(Financial

Services)

696

PBF

Energy,

Inc.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

13,334

PC

Connection,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

2,163

PCB

Bancorp

(Banks)

810

PDF

Solutions,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

3,500

Peabody

Energy

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

13,477

Peakstone

Realty

Trust

(Office

REITs)

2,569

Peapack-Gladstone

Financial

Corp.

(Banks)

1,901

Pebblebrook

Hotel

Trust

(Hotel

&

Resort

REITs)

4,749

Pediatrix

Medical

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

6,118

Peloton

Interactive,

Inc.

\*

-

Class

A

(Leisure

Products)

1,325

5,684

Penguin

Solutions,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

3,062

PennyMac

Financial

Services,

Inc.

(Financial

Services)

8,565

PennyMac

Mortgage

Investment

Trust

(Mortgage

REITs)

3,405

Peoples

Bancorp

of

North

Carolina,

Inc.

(Banks)

548

Peoples

Bancorp,

Inc.

\*

(Banks)

3,846

Peoples

Financial

Services

Corp.

(Banks)

1,653

Perdoceo

Education

Corp.

(Diversified

Consumer

Services)

8,000

Perella

Weinberg

Partners

(Capital

Markets)

3,977

Perimeter

Solutions

SA

\*

(Chemicals)

11,380

Perma-Fix

Environmental

Services,

Inc.

\*

(Commercial

Services

&

Supplies)

620

Perpetua

Resources

Corp.

\*

(Metals

&

Mining)

8,155

Personalis,

Inc.

\*

(Health

Care

Facilities

&

Services)

1,070

Perspective

Therapeutics,

Inc.

\*

(Biotechnology)

867

Petco

Health

&

Wellness

Co.,

Inc.

\*

(Specialty

Retail)

809

Phathom

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

1,722

Phibro

Animal

Health

Corp.

-

Class

A

(Pharmaceuticals)

3,761

Phillips

Edison

&

Co.,

Inc.

(Retail

REITs)

15,829

Phinia,

Inc.

(Automobile

Components)

8,692

Phoenix

Education

Partners,

Inc.

\*

(Diversified

Consumer

Services)

535

Photronics,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

7,718

Phreesia,

Inc.

\*

(Health

Care

Technology)

1,626

Picard

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Common

Stocks,

continued

Shares

Value

Piedmont

Office

Realty

Trust,

Inc.

-

Class

A

(Office

REITs)

$

2,733

Pioneer

Bancorp,

Inc.

\*

(Banks)

515

Piper

Sandler

Cos

(Institutional

Financial

Services)

17,913

Pitney

Bowes,

Inc.

(Commercial

Services

&

Supplies)

540

5,967

PJT

Partners,

Inc.

-

Class

A

(Capital

Markets)

10,758

Planet

Labs

PBC

\*

-

Class

A

(Professional

Services)

906

25,322

Playstudios,

Inc.

\*

(Entertainment)

Playtika

Holding,

Corp.

\*

(Entertainment

Content)

523

Plexus

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

18,026

Plug

Power,

Inc.

\*

(Electrical

Equipment)

4,430

10,012

Plumas

Bancorp

\*

(Banks)

1,074

Polaris,

Inc.

(Leisure

Products)

9,701

Ponce

Financial

Group,

Inc.

\*

(Banks)

1,103

Porch

Group,

Inc.

\*

(Software)

2,101

Portillo's,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

1,180

Portland

General

Electric

Co.

(Electric

Utilities)

20,000

Postal

Realty

Trust,

Inc.

-

Class

A

(Office

REITs)

1,540

Powell

Industries,

Inc.

(Electrical

Equipment)

17,315

Power

Integrations,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

9,472

Power

Solutions

International,

Inc.

\*

(Machinery)

1,766

Powerfleet,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,281

PRA

Group,

Inc.

\*

(Consumer

Finance)

2,275

Prairie

Operating

Co.

\*

(Software)

Praxis

Precision

Medicines,

Inc.

\*

(Biotechnology)

27,708

Precigen,

Inc.

\*

(Biotechnology)

603

2,334

Preferred

Bank

(Banks)

3,537

Preformed

Line

Products

Co.

\*

(Electrical

Equipment)

2,437

Prestige

Consumer

Healthcare,

Inc.

\*

(Pharmaceuticals)

9,542

PriceSmart,

Inc.

(Consumer

Staples

Distribution

&

Retail)

12,942

Prime

Medicine,

Inc.

\*

(Biotechnology)

1,197

PrimeEnergy

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

Primis

Financial

Corp.

(Banks)

930

Primoris

Services

Corp.

(Construction

&

Engineering)

25,890

Princeton

Bancorp,

Inc.

(Banks)

574

Priority

Technology

Holdings,

Inc.

\*

(Financial

Services)

Privia

Health

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

8,002

ProAssurance

Corp.

(Insurance)

4,227

PROCEPT

BioRobotics

Corp.

\*

(Health

Care

Equipment

&

Supplies)

4,452

Pro-Dex,

Inc.

\*

(Medical

Equipment

&

Devices)

Proficient

Auto

Logistics,

Inc.

\*

(Ground

Transportation)

549

ProFrac

Holding

Corp.

\*

-

Class

A

(Energy

Equipment

&

Services)

595

PROG

Holdings,

Inc.

\*

(Consumer

Finance)

3,787

Progress

Software

Corp.

(Software)

3,591

Progyny,

Inc.

\*

(Health

Care

Providers

&

Services)

4,262

ProPetro

Holding

Corp.

\*

(Energy

Equipment

&

Services)

4,726

Protagonist

Therapeutics,

Inc.

\*

(Biotechnology)

20,553

Protalix

BioTherapeutics,

Inc.

\*

(Biotech

&

Pharma)

529

Protara

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

896

Prothena

Corp.

PLC

\*

(Biotechnology)

1,429

Proto

Labs,

Inc.

\*

(Machinery)

4,562

Provident

Financial

Services,

Inc.

(Banks)

9,120

PTC

Therapeutics,

Inc.

\*

(Biotechnology)

17,918

Public

Policy

Holding

Company,

Inc.

\*

(Commercial

Support

Services)

PubMatic,

Inc.

\*

-

Class

A

(Media)

1,047

Pulmonx

Corp.

\*

(Health

Care

Equipment

&

Supplies)

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

UltraSmall-Cap

Common

Stocks,

continued

Shares

Value

Pulse

Biosciences,

Inc.

\*(a)

(Health

Care

Equipment

&

Supplies)

$

1,274

Puma

Biotechnology,

Inc.

\*

(Biotechnology)

920

Pure

Cycle

Corp.

\*

(Water

Utilities)

704

PureCycle

Technologies,

Inc.

\*(a)

(Chemicals)

2,252

Q2

Holdings,

Inc.

\*

(Software)

9,838

QCR

Holdings,

Inc.

(Banks)

4,700

Quad/Graphics,

Inc.

(Commercial

Services

&

Supplies)

615

Quaker

Chemical

Corp.

(Chemicals)

5,715

Qualys,

Inc.

\*

(Software)

10,630

Quanex

Building

Products

Corp.

(Building

Products)

2,767

Quanterix

Corp.

\*

(Life

Sciences

Tools

&

Services)

Quantum

Computing,

Inc.

\*(a)

(Software)

674

4,616

Quantum-Si,

Inc.

\*

(Life

Sciences

Tools

&

Services)

565

QuidelOrtho

Corp.

\*

(Health

Care

Equipment

&

Supplies)

3,730

QuinStreet,

Inc.

\*

(Interactive

Media

&

Services)

2,198

Rackspace

Technology,

Inc.

\*

(IT

Services)

Radian

Group,

Inc.

(Financial

Services)

15,017

Radiant

Logistics,

Inc.

\*

(Air

Freight

&

Logistics)

853

RadNet,

Inc.

\*

(Health

Care

Providers

&

Services)

12,743

Ramaco

Resources,

Inc.

-

Class

A

(Metals

&

Mining)

2,149

Rambus,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

31,057

Ranger

Bermuda

Topco

Ltd.

\*

(Insurance)

Ranger

Energy

Services,

Inc.

\*

(Energy

Equipment

&

Services)

1,251

Ranpak

Holdings

Corp.

\*

(Containers

&

Packaging)

560

Rapid7,

Inc.

\*

(Software)

1,201

Rapport

Therapeutics,

Inc.

\*

(Pharmaceuticals)

3,066

Rayonier

Advanced

Materials,

Inc.

\*

(Chemicals)

2,391

RBB

Bancorp

(Banks)

1,154

RCI

Hospitality

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

547

RCM

Technologies,

Inc.

(Technology

Services)

RE/MAX

Holdings,

Inc.

\*

-

Class

A

(Real

Estate

Management

&

Development)

Ready

Capital

Corp.

(Mortgage

REITs)

794

Recursion

Pharmaceuticals,

Inc.

\*(a)

-

Class

A

(Biotechnology)

1,533

4,706

Red

Cat

Holdings,

Inc.

\*(a)

(Aerospace

&

Defense)

4,529

Red

River

Bancshares,

Inc.

\*

(Banks)

1,537

Red

Rock

Resorts,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

8,698

Red

Violet,

Inc.

\*

(Software)

1,315

Redwire

Corp.

\*

(Aerospace

&

Defense)

3,018

Redwood

Trust,

Inc.

(Mortgage

REITs)

2,379

REGENXBIO,

Inc.

\*

(Biotechnology)

1,324

Regional

Management

Corp.

\*

(Consumer

Finance)

968

Relay

Therapeutics,

Inc.

\*

(Biotechnology)

4,686

Remitly

Global,

Inc.

\*

(Financial

Services)

573

8,979

Renasant

Corp.

(Banks)

11,381

Repay

Holdings

Corp.

\*

(Financial

Services)

585

Replimune

Group,

Inc.

\*

(Biotechnology)

1,836

ReposiTrak,

Inc.

(Software)

Republic

Bancorp,

Inc.

\*

-

Class

A

(Banks)

1,975

Reservoir

Media,

Inc.

\*

(Entertainment)

666

Resideo

Technologies,

Inc.

\*

(Building

Products)

14,563

Resolute

Holdings

Management,

Inc.

\*

(Asset

Management)

2,272

Resources

Connection,

Inc.

(Professional

Services)

Revolve

Group,

Inc.

\*

(Specialty

Retail)

3,075

REX

American

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

4,375

Rezolute,

Inc.

\*

(Biotechnology)

738

Rezolve

AI

PLC

\*(a)

(Software)

743

1,902

Common

Stocks,

continued

Shares

Value

RGC

Resources,

Inc.

(Gas

Utilities)

$

617

Rhinebeck

Bancorp,

Inc.

\*

(Banking)

Rhythm

Pharmaceuticals,

Inc.

\*

(Biotechnology)

15,394

Ribbon

Communications,

Inc.

\*

(Communications

Equipment)

666

Richardson

Electronics,

Ltd.

\*

(Electronic

Equipment,

Instruments

&

Components)

Richmond

Mutual

BanCorp,

Inc.

(Banking)

Richtech

Robotics,

Inc.

\*

(Machinery)

567

1,185

Rigel

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,622

Rigetti

Computing,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,093

15,346

Riley

Exploration

Permian,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,823

Rimini

Street,

Inc.

\*

(Software)

535

Riot

Platforms,

Inc.

\*

(Software)

1,167

14,424

Rithm

Property

Trust,

Inc.

(Mortgage

REITs)

Riverview

Bancorp,

Inc.

\*

(Banking)

RLJ

Lodging

Trust

(Hotel

&

Resort

REITs)

3,079

Rocket

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,013

Rocky

Brands,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

929

Rogers

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

6,440

Root,

Inc.

\*

-

Class

A

(Insurance)

1,811

RPC,

Inc.

(Energy

Equipment

&

Services)

2,117

Rumble,

Inc.

\*(a)

(Internet

Media

&

Services)

1,821

Rush

Enterprises,

Inc.

-

Class

A

(Trading

Companies

&

Distributors)

13,487

Rush

Enterprises,

Inc.

-

Class

B

(Trading

Companies

&

Distributors)

1,866

Rush

Street

Interactive,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

6,656

RXO,

Inc.

\*

(Ground

Transportation)

544

7,953

RxSight,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

807

Ryerson

Holding

Corp.

(Metals

&

Mining)

3,305

Ryman

Hospitality

Properties,

Inc.

(Hotel

&

Resort

REITs)

19,100

S&T

Bancorp,

Inc.

\*

(Banks)

5,229

Sable

Offshore

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

6,872

Sabra

Health

Care

REIT,

Inc.

(Health

Care

REITs)

834

16,038

Sabre

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

1,240

1,798

Safe

Builders,

Inc.

(Marine

Transportation)

1,089

Safehold,

Inc.

(Specialized

REITs)

2,544

Safety

Insurance

Group,

Inc.

(Insurance)

3,559

Sally

Beauty

Holdings,

Inc.

\*

(Specialty

Retail)

4,598

Sana

Biotechnology,

Inc.

\*

(Biotechnology)

562

1,619

Sanara

Medtech,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

SandRidge

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,729

Sanmina

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

23,206

SANUWAVE

Health,

Inc.

\*

(Medical

Equipment

&

Devices)

Satellogic,

Inc.

\*

(Telecommunications)

1,512

Saul

Centers,

Inc.

(Retail

REITs)

1,336

Savara,

Inc.

\*

(Biotechnology)

2,675

Savers

Value

Village,

Inc.

\*

(Broadline

Retail)

952

SB

Financial

Group,

Inc.

\*

(Banking)

SBC

Medical

Group

Holdings,

Inc.

\*

(Health

Care

Facilities

&

Services)

ScanSource,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

2,650

Scholar

Rock

Holding

Corp.

\*

(Biotechnology)

14,355

Scholastic

Corp.

(Media)

2,695

Schrodinger,

Inc.

\*

(Health

Care

Technology)

2,136

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

UltraSmall-Cap

Common

Stocks,

continued

Shares

Value

Scilex

Holding

Co.

\*

(Biotech

&

Pharma)

$

Scorpio

Tankers,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

11,274

Seacoast

Banking

Corp.

of

Florida

(Banks)

9,844

SEACOR

Marine

Holdings,

Inc.

\*

(Energy

Equipment

&

Services)

523

Seadrill,

Ltd.

\*

(Energy

Equipment

&

Services)

9,555

Seaport

Entertainment

Group,

Inc.

\*

(Real

Estate

Owners

&

Developers)

538

SeaWorld

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

2,972

Security

National

Financial

Corp.

\*

-

Class

A

(Specialty

Finance)

512

Select

Energy

Services,

Inc.

-

Class

A

(Energy

Equipment

&

Services)

4,835

Select

Medical

Holdings

Corp.

(Health

Care

Providers

&

Services)

5,864

Selective

Insurance

Group,

Inc.

(Insurance)

15,152

Selectquote,

Inc.

\*

(Insurance)

SELLAS

Life

Sciences

Group,

Inc.

\*(a)

(Biotech

&

Pharma)

575

2,432

SEMrush

Holdings,

Inc.

\*

(Software)

1,875

Semtech

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

23,990

Seneca

Foods

Corp.

\*

-

Class

A

(Food

Products)

2,418

Sensient

Technologies

Corp.

(Chemicals)

12,187

Septerna,

Inc.

\*

(Pharmaceuticals)

1,706

Serve

Robotics,

Inc.

\*(a)

(Internet

Media

&

Services)

1,848

Service

Properties

Trust

(Hotel

&

Resort

REITs)

525

711

ServisFirst

Bancshares,

Inc.

(Banks)

12,600

Seven

Hills

Realty

Trust

(Mortgage

REITs)

608

Sezzle,

Inc.

\*

(Financial

Services)

3,418

SFL

Corp.,

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

4,381

Shake

Shack,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

11,501

Shenandoah

Telecommunications

Co.

(Diversified

Telecommunication

Services)

2,621

Shoals

Technologies

Group,

Inc.

\*

-

Class

A

(Electrical

Equipment)

562

3,698

Shoe

Carnival,

Inc.

(Specialty

Retail)

951

Shore

Bancshares,

Inc.

(Banks)

1,924

Shoulder

Innovations,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

509

Shutterstock,

Inc.

\*(a)

(Interactive

Media

&

Services)

1,362

SI-BONE,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,629

Siebert

Financial

Corp.

\*

(Asset

Management)

Sierra

Bancorp

(Banks)

1,357

SIGA

Technologies,

Inc.

\*

(Pharmaceuticals)

733

Sight

Sciences,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

528

Signet

Jewelers,

Ltd.

(Specialty

Retail)

11,257

Sila

Realty

Trust,

Inc.

(Health

Care

REITs)

4,404

Silicon

Laboratories,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

22,688

Silvaco

Group,

Inc.

\*

(Software)

Silvercrest

Asset

Management

Group,

Inc.

-

Class

A

(Capital

Markets)

Simmons

First

National

Corp.

-

Class

A

(Banks)

9,394

Simulations

Plus,

Inc.

(Health

Care

Technology)

662

Sinclair,

Inc.

\*

(Media)

1,669

Sionna

Therapeutics,

Inc.

\*

(Biotechnology)

2,165

SiriusPoint,

Ltd.

\*

(Insurance)

7,388

SITE

Centers

Corp.

(Retail

REITs)

907

SiTime

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

25,901

Common

Stocks,

continued

Shares

Value

Six

Flags

Entertainment

Corp.

(Hotels,

Restaurants

&

Leisure)

$

5,698

Skillsoft

Corp.

\*

(Software)

Sky

Harbour

Group

Corp.

\*

(Transportation

Infrastructure)

684

Skyward

Specialty

Insurance

Group,

Inc.

\*

(Insurance)

5,722

SkyWater

Technology,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

3,262

SkyWest,

Inc.

\*

(Passenger

Airlines)

12,397

SKYX

Platforms

Corp.

\*

(Electrical

Equipment)

SL

Green

Realty

Corp.

(Office

REITs)

8,866

Sleep

Number

Corp.

\*

(Specialty

Retail)

Slide

Insurance

Holdings,

Inc.

\*

(Insurance)

4,248

SM

Energy

Co.

(Oil,

Gas

&

Consumable

Fuels)

834

26,003

SmartFinancial,

Inc.

\*

(Banks)

1,993

Smartstop

Self

Storage

REIT,

Inc.

(REITS

&

Real

Estate

Management)

5,632

Smith

&

Wesson

Brands,

Inc.

(Leisure

Products)

2,135

Smith-Midland

Corp.

\*

(Construction

Materials)

Solaris

Energy

Infrastructure,

Inc.

-

Class

A

(Energy

Equipment

&

Services)

8,759

Soleno

Therapeutics,

Inc.

\*

(Biotechnology)

5,658

Solesence,

Inc.

\*

(Household

Products)

Solid

Biosciences,

Inc.

\*

(Biotechnology)

1,418

Solid

Power,

Inc.

\*

(Automobile

Components)

589

1,767

Sonic

Automotive,

Inc.

-

Class

A

(Specialty

Retail)

3,429

Sonida

Senior

Living,

Inc.

\*

(Health

Care

Providers

&

Services)

581

Sonos,

Inc.

\*

(Household

Durables)

5,347

Sound

Financial

Bancorp,

Inc.

\*

(Banking)

SoundHound

AI,

Inc.

\*(a)

-

Class

A

(Software)

1,296

8,904

SoundThinking,

Inc.

\*

(Software)

South

Plains

Financial,

Inc.

(Banks)

1,718

Southern

California

BanCorp

(Banks)

1,329

Southern

First

Bancshares,

Inc.

\*

(Banks)

1,417

Southern

Missouri

Bancorp,

Inc.

(Banks)

2,046

Southland

Holdings,

Inc.

\*

(Construction

&

Engineering)

Southside

Bancshares,

Inc.

(Banks)

3,016

Southwest

Gas

Holdings,

Inc.

(Gas

Utilities)

19,987

Spectrum

Brands

Holdings,

Inc.

(Household

Products)

5,601

Sphere

Entertainment

Co.

\*

(Entertainment)

10,684

Spire

Global,

Inc.

\*

(Professional

Services)

1,233

Spire,

Inc.

(Gas

Utilities)

17,655

Spok

Holdings,

Inc.

(Wireless

Telecommunication

Services)

741

Sprinklr,

Inc.

\*

-

Class

A

(Software)

2,298

Sprout

Social,

Inc.

\*

-

Class

A

(Software)

1,009

SPS

Commerce,

Inc.

\*

(Software)

7,070

SPX

Technologies,

Inc.

\*

(Machinery)

32,191

Spyre

Therapeutics,

Inc.

\*

(Biotechnology)

11,601

SR

Bancorp,

Inc.

(Banking)

SSR

Mining,

Inc.

(Metals

&

Mining)

681

20,021

STAAR

Surgical

Co.

\*

(Health

Care

Equipment

&

Supplies)

2,151

Stagwell,

Inc.

(Media)

2,290

Standard

BioTools,

Inc.

\*

(Life

Sciences

Tools

&

Services)

961

883

Standard

Motor

Products,

Inc.

(Automobile

Components)

2,467

Standex

International

Corp.

(Machinery)

10,194

Starz

Entertainment

Corp.

\*

(Entertainment)

Stellar

Bancorp,

Inc.

(Banks)

5,675

Stepan

Co.

(Chemicals)

3,599

StepStone

Group,

Inc.

-

Class

A

(Capital

Markets)

11,119

Stereotaxis,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

UltraSmall-Cap

Common

Stocks,

continued

Shares

Value

Sterling

Infrastructure,

Inc.

\*

(Construction

&

Engineering)

$

40,727

Steven

Madden,

Ltd.

\*

(Textiles,

Apparel

&

Luxury

Goods)

8,142

Stewart

Information

Services

Corp.

(Insurance)

6,220

Stitch

Fix,

Inc.

\*

-

Class

A

(Specialty

Retail)

1,238

Stock

Yards

Bancorp,

Inc.

(Banks)

5,834

Stoke

Therapeutics,

Inc.

\*

(Biotechnology)

5,340

StoneCo,

Ltd.

\*

(Financial

Services)

840

11,861

StoneX

Group,

Inc.

\*

(Capital

Markets)

19,840

Strata

Critical

Medical,

Inc.

\*

-

Class

A

(Passenger

Airlines)

970

Strategic

Education,

Inc.

(Diversified

Consumer

Services)

6,388

Strattec

Security

Corporation

(Automobile

Components)

1,097

Stratus

Properties,

Inc.

\*

(Real

Estate

Management

&

Development)

671

Strawberry

Fields

REIT,

Inc.

(Health

Care

REITs)

Stride,

Inc.

\*

(Diversified

Consumer

Services)

12,344

Strive,

Inc.

\*

(Capital

Markets)

1,743

Sturm

Ruger

&

Co.,

Inc.

(Leisure

Products)

1,884

Summit

Hotel

Properties,

Inc.

(Hotel

&

Resort

REITs)

1,574

Summit

Midstream

Corp.

\*

(Oil

&

Gas

Producers)

877

Sun

Country

Airlines

Holdings,

Inc.

\*

(Passenger

Airlines)

2,825

SunCoke

Energy,

Inc.

(Metals

&

Mining)

1,849

SunOpta,

Inc.

\*

(Food

Products)

2,074

Sunrise

Realty

Trust,

Inc.

(Mortgage

REITs)

Sunrun,

Inc.

\*

(Electrical

Equipment)

760

10,306

Sunstone

Hotel

Investors,

Inc.

(Hotel

&

Resort

REITs)

609

5,487

Super

Group

SGHC,

Ltd.

(Hotels,

Restaurants

&

Leisure)

533

5,756

Superior

Group

of

Cos.,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

Supernus

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

9,563

Surgery

Partners,

Inc.

\*

(Health

Care

Providers

&

Services)

3,087

Sweetgreen,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

1,796

SWK

Holdings

Corp.

\*

(Financial

Services)

Sylvamo

Corp.

(Paper

&

Forest

Products)

4,688

Synaptics,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

9,105

Syndax

Pharmaceuticals,

Inc.

\*

(Biotechnology)

6,728

T1

Energy,

Inc.

\*

(Electrical

Equipment)

680

2,985

Tactile

Systems

Technology,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,934

Talkspace,

Inc.

\*

(Health

Care

Providers

&

Services)

2,468

Talos

Energy,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

6,698

Tandem

Diabetes

Care,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

4,352

Tanger,

Inc.

(Retail

REITs)

12,912

Tango

Therapeutics,

Inc.

\*

(Biotechnology)

7,761

Target

Hospitality

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

993

Tarsus

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

9,260

Taylor

Morrison

Home

Corp.

\*

(Household

Durables)

18,695

Taysha

Gene

Therapies,

Inc.

\*

(Biotechnology)

739

3,303

Teads

Holding

Company

\*

(Interactive

Media

&

Services)

TechTarget,

Inc.

\*

(Media)

Tecnoglass,

Inc.

(Building

Products)

4,054

Tectonic

Therapeutic,

Inc.

\*

(Biotech

&

Pharma)

1,144

Teekay

Corp.

\*

(Transportation

&

Logistics)

2,173

Teekay

Tankers,

Ltd.

-

Class

A

(Transportation

&

Logistics)

5,866

Common

Stocks,

continued

Shares

Value

Tejon

Ranch

Co.

\*

(Real

Estate

Management

&

Development)

$

1,319

Teladoc

Health,

Inc.

\*

(Health

Care

Technology)

595

3,243

Telephone

and

Data

Systems,

Inc.

(Wireless

Telecommunication

Services)

14,020

Telos

Corp.

\*

(Software)

716

Tenable

Holdings,

Inc.

\*

(Software)

6,715

Tennant

Co.

(Machinery)

4,050

Terawulf,

Inc.

\*

(Software)

1,036

14,949

Terex

Corp.

(Machinery)

22,163

Terns

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

16,870

Terreno

Realty

Corp.

(Industrial

REITs)

21,006

TETRA

Technologies,

Inc.

\*

(Energy

Equipment

&

Services)

3,621

Tevogen

Bio

Holdings,

Inc.

\*

(Biotechnology)

Texas

Capital

Bancshares,

Inc.

\*

(Banks)

13,947

TG

Therapeutics,

Inc.

\*

(Biotechnology)

16,145

The

Andersons,

Inc.

(Consumer

Staples

Distribution

&

Retail)

7,752

The

Arena

Group

Holdings,

Inc.

\*

(Advertising

&

Marketing)

The

Baldwin

Insurance

Group,

Inc.

\*

(Insurance)

7,021

The

Bancorp,

Inc.

\*

(Banks)

7,522

The

Bank

of

NT

Butterfield

&

Son,

Ltd.

(Banks)

7,347

The

Beauty

Health

Co.

\*

(Personal

Care

Products)

The

Brink's

Co.

(Commercial

Services

&

Supplies)

14,405

The

Buckle,

Inc.

(Specialty

Retail)

5,338

The

Cheesecake

Factory,

Inc.

(Hotels,

Restaurants

&

Leisure)

8,486

The

Chefs'

Warehouse,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

7,253

The

Chemours

Co.

(Chemicals)

504

11,103

The

E.W.

Scripps

Co.

\*

-

Class

A

(Media)

818

The

Eastern

Co.

(Machinery)

The

Ensign

Group,

Inc.

(Health

Care

Providers

&

Services)

37,882

The

First

Bancorp,

Inc.

(Banks)

1,009

The

GEO

Group,

Inc.

(Commercial

Services

&

Supplies)

7,497

The

Goodyear

Tire

&

Rubber

Co.

\*

(Automobile

Components)

923

6,119

The

Gorman-Rupp

Co.

(Machinery)

4,349

The

Greenbrier

Cos.,

Inc.

(Machinery)

5,318

The

Hackett

Group,

Inc.

(IT

Services)

1,067

The

Hain

Celestial

Group,

Inc.

\*

(Food

Products)

The

Honest

Co.,

Inc.

\*

(Personal

Care

Products)

932

The

Joint

Corp.

\*

(Health

Care

Providers

&

Services)

The

Lovesac

Co.

\*

(Household

Durables)

650

The

Macerich

Co.

(Retail

REITs)

862

16,293

The

Manitowoc

Co.,

Inc.

(Machinery)

1,340

The

Marcus

Corp.

(Entertainment)

1,305

The

Oncology

Institute,

Inc.

\*

(Health

Care

Facilities

&

Services)

820

The

Pennant

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

3,444

The

Real

Brokerage,

Inc.

\*

(Real

Estate

Management

&

Development)

1,183

The

RealReal,

Inc.

\*

(Specialty

Retail)

3,242

The

RMR

Group,

Inc.

-

Class

A

(Real

Estate

Management

&

Development)

820

The

Simply

Good

Foods

Co.

\*

(Food

Products)

4,133

The

St.

Joe

Co.

\*

(Real

Estate

Management

&

Development)

7,976

The

Vita

Coco

Co.,

Inc.

\*

(Beverages)

7,618

The

York

Water

Co.

\*

(Water

Utilities)

1,462

Theravance

Biopharma,

Inc.

\*

(Pharmaceuticals)

2,077

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

UltraSmall-Cap

Common

Stocks,

continued

Shares

Value

Thermon

Group

Holdings,

Inc.

\*

(Electrical

Equipment)

$

5,494

Third

Coast

Bancshares,

Inc.

\*

(Banks)

1,627

ThredUp,

Inc.

\*

-

Class

A

(Specialty

Retail)

1,099

Thryv

Holdings,

Inc.

\*

(Media)

Tidewater,

Inc.

\*

(Energy

Equipment

&

Services)

13,786

Timberland

Bancorp,

Inc.

(Banks)

986

TimkenSteel

Corp.

(Metals

&

Mining)

1,977

Tiptree,

Inc.

(Insurance)

1,337

Titan

America

SA

(a) (Construction

Materials)

1,213

Titan

International,

Inc.

\*

(Machinery)

1,126

Titan

Machinery,

Inc.

\*

(Trading

Companies

&

Distributors)

1,187

Tompkins

Financial

Corp.

(Banks)

3,548

Tonix

Pharmaceuticals

Holding

Corp.

\*

(Biotech

&

Pharma)

619

Tootsie

Roll

Industries,

Inc.

(Food

Products)

2,684

Torrid

Holdings,

Inc.

\*

(Specialty

Retail)

TowneBank

(Banks)

9,697

TPG

RE

Finance

Trust,

Inc.

(Mortgage

REITs)

1,867

Traeger,

Inc.

\*

(Home

&

Office

Products)

Transcat,

Inc.

\*

(Trading

Companies

&

Distributors)

2,277

Transcontinental

Realty

Investors,

Inc.

\*

(Real

Estate

Management

&

Development)

TransMedics

Group,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

11,134

Transocean,

Ltd.

(Energy

Equipment

&

Services)

3,108

20,606

Travelzoo

\*

(Internet

Media

&

Services)

Travere

Therapeutics,

Inc.

\*

(Biotechnology)

8,200

Treace

Medical

Concepts,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Tredegar

Corp.

\*

(Metals

&

Mining)

708

Trevi

Therapeutics,

Inc.

\*

(Pharmaceuticals)

3,818

Tri

Pointe

Homes,

Inc.

\*

(Household

Durables)

13,271

TriCompany

Bancshares

(Banks)

4,802

TriMas

Corp.

(Containers

&

Packaging)

3,846

TriNet

Group,

Inc.

(Professional

Services)

3,643

Trinity

Industries,

Inc.

(Machinery)

8,656

TripAdvisor,

Inc.

\*

(Interactive

Media

&

Services)

4,083

TriSalus

Life

Sciences,

Inc.

\*

(Biotech

&

Pharma)

Triumph

Financial,

Inc.

\*

(Banks)

4,534

Tronox

Holdings

PLC

-

Class

A

(Chemicals)

3,908

TruBridge,

Inc.

\*

(Software)

TrueBlue,

Inc.

\*

(Professional

Services)

Trupanion,

Inc.

\*

(Insurance)

3,176

TrustCo

Bank

Corp.

(Banks)

2,583

Trustmark

Corp.

(Banks)

7,754

TSS,

Inc.

\*

(Engineering

&

Construction)

963

TTEC

Holdings,

Inc.

(Professional

Services)

TTM

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

33,415

Tucows,

Inc.

\*

-

Class

A

(IT

Services)

TuHURA

Biosciences,

Inc.

\*(a)

(Biotech

&

Pharma)

Turning

Point

Brands,

Inc.

(Tobacco)

5,294

Turtle

Beach

Corp.

\*

(Technology

Hardware,

Storage

&

Peripherals)

517

Tutor

Perini

Corp.

(Construction

&

Engineering)

11,501

Tvardi

Therapeutics,

Inc.

\*

(Biotech

&

Pharma)

Twist

Bioscience

Corp.

\*

(Biotechnology)

9,647

Two

Harbors

Investment

Corp.

(Mortgage

REITs)

3,986

TXNM

Energy,

Inc.

(Electric

Utilities)

19,701

Tyra

Biosciences,

Inc.

\*

(Biotechnology)

3,332

U.S.

Physical

Therapy,

Inc.

(Health

Care

Providers

&

Services)

3,748

Udemy,

Inc.

\*

(Diversified

Consumer

Services)

1,460

UFP

Industries,

Inc.

(Building

Products)

17,963

Common

Stocks,

continued

Shares

Value

UFP

Technologies,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

$

4,840

Ultra

Clean

Holdings,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

9,265

UMB

Financial

Corp.

(Banks)

27,409

UMH

Properties,

Inc.

(Residential

REITs)

3,882

UniFirst

Corp.

(Commercial

Services

&

Supplies)

12,328

Union

Bankshares,

Inc.

(Banking)

Unisys

Corp.

\*

(IT

Services)

United

Bankshares,

Inc.

(Banks)

19,385

United

Community

Banks,

Inc.

(Banks)

12,911

United

Fire

Group,

Inc.

(Insurance)

2,594

United

Natural

Foods,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

9,057

United

States

Antimony

Corp.

\*(a)

(Metals

&

Mining)

3,475

United

States

Lime

&

Minerals,

Inc.

(Construction

Materials)

4,702

Uniti

Group,

Inc.

\*

(Specialized

REITs)

559

5,243

Unitil

Corp.

(Multi-Utilities)

3,082

Unity

Bancorp,

Inc.

(Banks)

1,244

Universal

Corp.

(Tobacco)

4,269

Universal

Health

Realty

Income

Trust

(Health

Care

REITs)

1,740

Universal

Insurance

Holdings,

Inc.

(Insurance)

2,904

Universal

Logistics

Holdings,

Inc.

(Ground

Transportation)

Universal

Technical

Institute,

Inc.

\*

(Diversified

Consumer

Services)

5,704

Univest

Financial

Corp.

(Banks)

3,220

Upbound

Group,

Inc.

(Specialty

Retail)

3,177

Upstart

Holdings,

Inc.

\*

(Consumer

Finance)

7,387

Upstream

Bio,

Inc.

\*

(Biotechnology)

990

Upwork,

Inc.

\*

(Professional

Services)

4,516

Uranium

Energy

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,597

21,559

Urban

Edge

Properties

(Retail

REITs)

8,511

Urban

Outfitters,

Inc.

\*

(Specialty

Retail)

13,810

UroGen

Pharma,

Ltd.

\*

(Biotechnology)

2,427

US

Gold

Corp.

\*

(Metals

&

Mining)

684

US

Goldmining,

Inc.

\*

(Metals

&

Mining)

USA

Rare

Earth,

Inc.

\*

(Metals

&

Mining)

616

9,323

USANA

Health

Sciences,

Inc.

\*

(Personal

Care

Products)

629

USCB

Financial

Holdings,

Inc.

(Banks)

723

Utah

Medical

Products,

Inc.

(Health

Care

Equipment

&

Supplies)

620

Utz

Brands,

Inc.

(Food

Products)

1,948

V2X,

Inc.

\*

(Aerospace

&

Defense)

6,097

VAALCO

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

2,194

Valaris,

Ltd.

\*

(Energy

Equipment

&

Services)

20,490

Valhi,

Inc.

(Chemicals)

Valley

National

Bancorp

(Banks)

1,623

19,930

Value

Line,

Inc.

(Capital

Markets)

Vanda

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,285

Varex

Imaging

Corp.

\*

(Health

Care

Equipment

&

Supplies)

1,485

Varonis

Systems,

Inc.

\*

(Software)

8,352

Vaxcyte,

Inc.

\*

(Biotechnology)

24,174

Veeco

Instruments,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

6,738

Velocity

Financial,

Inc.

\*

(Financial

Services)

706

Vera

Therapeutics,

Inc.

\*

(Biotechnology)

8,328

Veracyte,

Inc.

\*

(Biotechnology)

8,439

Verastem,

Inc.

\*

(Biotechnology)

1,187

Verde

Clean

Fuels,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

Vericel

Corp.

\*

(Biotechnology)

5,437

Verra

Mobility

Corp.

\*

(Professional

Services)

534

7,631

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

UltraSmall-Cap

Common

Stocks,

continued

Shares

Value

Vertex,

Inc.

\*

-

Class

A

(Software)

$

2,794

Vestis

Corp.

(Commercial

Services

&

Supplies)

2,405

Via

Transportation,

Inc.

\*

(Software)

525

Viad

Corp.

\*

(Commercial

Services

&

Supplies)

2,601

Viant

Technology,

Inc.

\*

-

Class

A

(Software)

571

Viasat,

Inc.

\*

(Communications

Equipment)

18,915

Viavi

Solutions,

Inc.

\*

(Communications

Equipment)

772

25,692

Vicor

Corp.

\*

(Electrical

Equipment)

12,397

Victoria's

Secret

&

Co.

\*

(Specialty

Retail)

10,756

Victory

Capital

Holdings,

Inc.

-

Class

A

(Capital

Markets)

9,887

Viemed

Healthcare,

Inc.

\*

(Health

Care

Providers

&

Services)

1,032

Village

Super

Market,

Inc.

-

Class

A

(Consumer

Staples

Distribution

&

Retail)

1,309

Vir

Biotechnology,

Inc.

\*

(Biotechnology)

2,796

Virco

Mfg.

Corp.

\*

(Commercial

Services

&

Supplies)

Virginia

National

Bankshares

Corp.

(Banks)

611

Viridian

Therapeutics,

Inc.

\*

(Biotechnology)

5,320

Virtus

Investment

Partners,

Inc.

(Capital

Markets)

2,821

Vishay

Intertechnology,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

7,290

Vishay

Precision

Group,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,737

Vistance

Networks,

Inc.

\*

(Communications

Equipment)

730

13,286

Visteon

Corp.

(Automobile

Components)

8,382

Vital

Farms,

Inc.

\*

(Food

Products)

1,638

Vitesse

Energy,

Inc.

(a) (Oil,

Gas

&

Consumable

Fuels)

1,798

Vivid

Seats,

Inc.

\*

-

Class

A

(Entertainment)

Vox

Royalty

Corp.

(Metals

&

Mining)

1,043

Voyager

Technologies,

Inc.

\*

(Aerospace

&

Defense)

3,742

Voyager

Therapeutics,

Inc.

\*

(Biotechnology)

602

Vroom,

Inc.

\*

(Specialty

Finance)

VSE

Corp.

(Commercial

Services

&

Supplies)

16,596

VTEX

\*

(Software)

724

Vuzix

Corp.

\*

(Technology

Hardware)

522

W&T

Offshore,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,132

Wabash

National

Corp.

\*

(Machinery)

1,138

WaFd,

Inc.

(Banks)

2,141

Waldencast

PLC

\*

-

Class

A

(Personal

Care

Products)

Walker

&

Dunlop,

Inc.

(Financial

Services)

4,882

Warby

Parker,

Inc.

\*

-

Class

A

(Specialty

Retail)

6,995

Warrior

Met

Coal,

Inc.

(Metals

&

Mining)

16,208

Washington

Federal,

Inc.

(Banks)

8,007

Waterstone

Financial,

Inc.

(Financial

Services)

920

Watts

Water

Technologies,

Inc.

-

Class

A

(Machinery)

26,707

WaVe

Life

Sciences,

Ltd.

\*

(Pharmaceuticals)

3,386

Waystar

Holding

Corp.

\*

(Health

Care

Technology)

8,871

Co.

(Household

Products)

9,381

Wealthfront

Corporation

\*

(Asset

Management)

1,082

Weave

Communications,

Inc.

\*

(Software)

1,021

WEBTOON

Entertainment,

Inc.

\*

(Interactive

Media

&

Services)

551

Webull

Corporation

\*

(Capital

Markets)

928

4,454

Weis

Markets,

Inc.

(Consumer

Staples

Distribution

&

Retail)

3,146

Werner

Enterprises,

Inc.

(Ground

Transportation)

5,706

WesBanco,

Inc.

(Banks)

10,933

West

Bancorp,

Inc.

\*

(Banks)

1,213

Westamerica

Bancorp

(Banks)

4,120

Western

New

England

Bancorp,

Inc.

(Banking)

789

Westrock

Coffee

Co.

\*

(Food

Products)

523

Westwood

Holdings

Group,

Inc.

\*

(Asset

Management)

Weyco

Group,

Inc.

(Distributors)

641

Whitefiber,

Inc.

\*

(IT

Services)

Common

Stocks,

continued

Shares

Value

Whitestone

REIT

\*

(Retail

REITs)

$

2,439

Willdan

Group,

Inc.

\*

(Professional

Services)

3,598

Willis

Lease

Finance

Corp.

\*

(Trading

Companies

&

Distributors)

1,532

Winmark

Corp.

(Specialty

Retail)

4,276

Winnebago

Industries,

Inc.

(Automobiles)

2,820

WisdomTree,

Inc.

(Capital

Markets)

6,028

WM

Technology,

Inc.

\*

(Software)

Wolverine

World

Wide,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

4,455

Workiva,

Inc.

\*

(Software)

10,137

World

Acceptance

Corp.

\*

(Consumer

Finance)

1,080

World

Kinect

Corp.

(Oil,

Gas

&

Consumable

Fuels)

4,176

Worthington

Enterprises,

Inc.

(Household

Durables)

5,475

Worthington

Steel,

Inc.

(Metals

&

Mining)

3,339

WSFS

Financial

Corp.

(Banks)

11,717

XCF

Global,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

Xencor,

Inc.

\*

(Biotechnology)

2,846

Xenia

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

4,716

Xenon

Pharmaceuticals,

Inc.

\*

(Biotech

&

Pharma)

16,806

Xeris

Biopharma

Holdings,

Inc.

\*

(Pharmaceuticals)

532

3,086

Xerox

Holdings

Corp.

(a) (Technology

Hardware,

Storage

&

Peripherals)

508

XOMA

Royalty

Corp.

\*

(Biotechnology)

1,035

Xometry,

Inc.

\*

-

Class

A

(Trading

Companies

&

Distributors)

6,003

XPEL,

Inc.

\*

(Automobile

Components)

3,762

Xperi,

Inc.

\*

(Software)

851

Xponential

Fitness,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

560

Yelp,

Inc.

\*

(Interactive

Media

&

Services)

4,874

Yext,

Inc.

\*

(Software)

1,302

York

Space

Systems,

Inc.

\*

(Aerospace

&

Defense)

1,330

Zenas

Biopharma,

Inc.

\*

(Biotechnology)

1,544

Zeta

Global

Holdings

Corp.

\*

-

Class

A

(Software)

704

11,208

Zevia

PBC

\*

-

Class

A

(Beverages)

Zevra

Therapeutics,

Inc.

\*

(Pharmaceuticals)

1,734

Ziff

Davis,

Inc.

\*

(Interactive

Media

&

Services)

5,498

ZipRecruiter,

Inc.

\*

(Interactive

Media

&

Services)

Zspace,

Inc.

\*

(Software)

Zumiez,

Inc.

\*

(Specialty

Retail)

975

Zurn

Elkay

Water

Solutions

Corp.

(Building

Products)

503

22,555

Zymeworks,

Inc.

\*

(Biotechnology)

4,182

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $5,668,718)

9,817,440

Rights

(0.0%)

Cartesian

Therapeutics,

Inc.

\*CVR

(Biotechnology)

–

Chinook

Therapeutics

\*CVR

(Biotechnology)

–

TOTAL

RIGHTS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$–)

–

Trust

(0.0%)

Interest

Units

Value

Ferroglobe

Representation

and

Warranty

Insurance

\*

(Metals

&

Mining)

510

$

–

TOTAL

TRUST

(Cost

$–)

–

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

UltraSmall-Cap

Repurchase

Agreements

(b)(c) (30.6%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$4,678,456

$

4,678,000

$

4,678,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$4,678,000)

4,678,000

Collateral

for

Securities

Loaned

(d) (0.7%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 3.67%

(e) 107,439

107,439

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $107,439)

107,439

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$10,878,976)— 98.1%

15,027,698

Net

other

assets

(liabilities) —

1.9%

283,621

NET

ASSETS

—

100.0%

$

15,311,319

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

March

31,

2026. The

total

value

of

securities

on

loan

as

of

March

31,

2026

was

$109,705.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$2,464,000.

(c) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

(d) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

March

31,

2026. (e) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

March

31,

2026. CVR

Contingent

Value

Rights

REIT

Real

Estate

Investment

Trust

Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

CME

E-mini

Russell

2000

Index

Futures

6/22/26

$

2,260,980

$

4,483

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

iShares

Russell

2000

ETF

Goldman

Sachs

International

4/27/26

3.84%

$

3,611,932

$

60,022

Russell

2000

Index

Goldman

Sachs

International

4/27/26

4.19%

7,346,817

144,427

$10,958,749

$204,449

iShares

Russell

2000

ETF

UBS

AG

4/27/26

4.44%

2,100,531

40,483

Russell

2000

Index

UBS

AG

4/27/26

4.34%

5,497,007

93,864

$7,597,538

$134,347

$18,556,287

$338,796

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

UltraSmall-Cap

ProFund

VP

UltraSmall-Cap

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Advertising

&

Marketing

$

1,059

NM

Aerospace

&

Defense

183,115

1.2%

Air

Freight

&

Logistics

9,289

0.1%

Apparel

&

Textile

Products

2,394

NM

Asset

Management

8,881

0.1%

Automobile

Components

131,731

0.9%

Automobiles

2,885

NM

Automotive

12,288

0.1%

Banking

20,902

0.1%

Banks

939,177

6.0%

Beverages

11,392

0.1%

Biotech

&

Pharma

44,154

0.3%

Biotechnology

898,222

5.9%

Broadline

Retail

6,672

NM

Building

Products

114,023

0.7%

Cable

&

Satellite

1,136

NM

Capital

Markets

131,955

0.9%

Chemicals

167,853

1.1%

Commercial

Services

&

Supplies

161,915

1.1%

Commercial

Support

Services

3,057

NM

Communications

Equipment

117,676

0.8%

Construction

&

Engineering

274,232

1.8%

Construction

Materials

21,803

0.1%

Consumer

Finance

89,577

0.6%

Consumer

Staples

Distribution

&

Retail

52,284

0.3%

Containers

&

Packaging

21,092

0.1%

Distributors

6,837

NM

Diversified

Consumer

Services

111,369

0.7%

Diversified

Telecommunication

Services

39,449

0.3%

Electric

Utilities

89,870

0.6%

Electrical

Equipment

288,343

1.8%

Electronic

Equipment,

Instruments

&

Components

363,004

2.3%

Energy

Equipment

&

Services

252,994

1.7%

Engineering

&

Construction

3,193

NM

Entertainment

52,826

0.3%

Entertainment

Content

931

NM

Equity

REIT

-

Diversified

51,576

0.3%

Financial

Services

195,118

1.3%

Food

Products

60,214

0.4%

Forestry,

Paper

&

Wood

Products

1,027

NM

Gas

&

Water

Utilities

15,927

0.1%

Gas

Utilities

91,303

0.6%

Ground

Transportation

31,337

0.2%

Health

Care

Equipment

&

Supplies

215,489

1.4%

Health

Care

Facilities

&

Services

6,562

NM

Health

Care

Providers

&

Services

287,460

1.9%

Health

Care

REITs

104,578

0.7%

Health

Care

Technology

21,882

0.1%

Home

&

Office

Products

NM

Value

%

of

Net

Assets

Hotel

&

Resort

REITs

$

56,080

0.4%

Hotels,

Restaurants

&

Leisure

144,486

0.9%

Household

Durables

159,104

1.1%

Household

Products

27,050

0.2%

Independent

Power/Renewable

Electricity

Producers

23,090

0.2%

Industrial

REITs

35,748

0.2%

Institutional

Financial

Services

26,513

0.2%

Insurance

177,391

1.2%

Interactive

Media

&

Services

36,090

0.2%

Internet

Media

&

Services

5,531

NM

IT

Services

85,120

0.6%

Leisure

Facilities

&

Services

3,551

NM

Leisure

Products

41,845

0.3%

Life

Sciences

Tools

&

Services

26,583

0.2%

Machinery

372,660

2.3%

Marine

Transportation

25,260

0.2%

Media

84,848

0.6%

Medical

Equipment

&

Devices

18,231

0.1%

Metals

&

Mining

273,224

1.9%

Mortgage

REITs

81,953

0.5%

Multi-Utilities

45,283

0.3%

Office

REITs

41,830

0.3%

Oil

&

Gas

Producers

6,905

NM

Oil

&

Gas

Services

&

Equipment

7,170

NM

Oil,

Gas

&

Consumable

Fuels

377,739

2.5%

Paper

&

Forest

Products

5,436

NM

Passenger

Airlines

41,408

0.3%

Personal

Care

Products

19,693

0.1%

Pharmaceuticals

214,915

1.4%

Prime

Broker

Cash

424,819

2.8%

Professional

Services

130,476

0.9%

Real

Estate

Management

&

Development

56,083

0.3%

Real

Estate

Owners

&

Developers

670

NM

Real

Estate

Services

9,903

0.1%

REITS

&

Real

Estate

Management

5,632

NM

Renewable

Energy

8,151

0.1%

Residential

REITs

26,608

0.2%

Retail

-

Discretionary

1,014

NM

Retail

REITs

117,478

0.8%

Semiconductors

961

NM

Semiconductors

&

Semiconductor

Equipment

335,157

2.2%

Software

423,534

2.8%

Specialized

REITs

31,930

0.2%

Specialty

Finance

4,008

NM

Specialty

Retail

185,276

1.3%

Steel

767

NM

Technology

Hardware

6,859

NM

Technology

Hardware,

Storage

&

Peripherals

54,266

0.4%

Technology

Services

4,916

NM

Telecommunications

12,671

0.1%

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

UltraSmall-Cap

Value

%

of

Net

Assets

Textiles,

Apparel

&

Luxury

Goods

$

48,881

0.3%

Tobacco

9,679

0.1%

Trading

Companies

&

Distributors

97,068

0.6%

Transportation

&

Logistics

9,895

0.1%

Transportation

Infrastructure

684

NM

Water

Utilities

33,714

0.2%

Wholesale

-

Discretionary

NM

Wireless

Telecommunication

Services

15,810

0.1%

Other

\*\*

5,069,060

33.2%

Total

$

15,311,319

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

NM

Not

meaningful,

amount

is

less

than

0.05%

REIT

Real

Estate

Investment

Trust

Schedule

of

Portfolio

Investments

::

March

31,

2026

(unaudited)

ProFund

VP

U.S.

Government

Plus

m

U.S.

Treasury

Obligations

(46.0%)

Principal

Amount

Value

U.S.

Treasury

Bonds

4.75%,

2/15/56

$

2,740,000

$

2,672,142

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost $2,763,078)

2,672,142

Repurchase

Agreements

(a)(b) (54.1%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$3,137,306

$

3,137,000

3,137,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$3,137,000)

3,137,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$5,900,078)— 100.1%

$

5,809,142

Net

other

assets

(liabilities) —

(0.1)%

(8,445)

NET

ASSETS

—

100.0%

$

5,800,697

(a) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

March

31,

2026,

the

aggregate

amount

held

in

a

segregated

account

was

$120,000.

(b) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

30-Year

U.S.

Treasury

Bond,

4.75%,

due

2/15/56

Citibank

North

America

4/15/26

3.80%

$

2,462,659

$

1,424

30-Year

U.S.

Treasury

Bond,

4.75%,

due

2/15/56

Societe

Generale

4/15/26

3.87%

2,129,072

1,371

$4,591,731

$2,795

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

March

31,

2026

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

VP

Utilities

Common

Stocks

(98

.2

%)

Shares

Value

Alliant

Energy

Corp.

(Electric

Utilities)

6,274

$

450,222

Ameren

Corp.

(Multi-Utilities)

6,746

741,520

American

Electric

Power

Co.,

Inc.

(Electric

Utilities)

13,201

1,730,387

American

Water

Works

Co.,

Inc.

(Water

Utilities)

4,764

648,333

Atmos

Energy

Corp.

(Gas

Utilities)

4,038

745,899

CenterPoint

Energy,

Inc.

(Multi-Utilities)

15,934

687,711

CMS

Energy

Corp.

(Multi-Utilities)

7,479

580,221

Consolidated

Edison,

Inc.

(Multi-Utilities)

8,809

997,003

Constellation

Energy

Corp.

(Electric

Utilities)

7,606

2,123,976

Dominion

Energy,

Inc.

(Multi-Utilities)

20,841

1,288,391

DTE

Energy

Co.

(Multi-Utilities)

5,069

741,189

Duke

Energy

Corp.

(Electric

Utilities)

18,980

2,485,241

Edison

International

(Electric

Utilities)

9,391

687,233

Entergy

Corp.

(Electric

Utilities)

11,040

1,240,454

Evergy,

Inc.

(Electric

Utilities)

5,619

460,308

Eversource

Energy

(Electric

Utilities)

9,157

634,397

Exelon

Corp.

(Electric

Utilities)

24,965

1,223,784

FirstEnergy

Corp.

(Electric

Utilities)

12,689

642,825

NextEra

Energy,

Inc.

(Electric

Utilities)

50,830

4,721,091

NiSource,

Inc.

(Multi-Utilities)

11,679

544,942

NRG

Energy,

Inc.

(Electric

Utilities)

5,183

757,444

PG&E

Corp.

(Electric

Utilities)

53,645

942,543

Pinnacle

West

Capital

Corp.

(Electric

Utilities)

2,921

294,291

PPL

Corp.

(Electric

Utilities)

18,055

689,701

Public

Service

Enterprise

Group,

Inc.

(Multi-Utilities)

12,183

986,214

Sempra

(Multi-Utilities)

15,930

1,547,918

The

AES

Corp.

(Independent

Power/Renewable

Electricity

Producers)

17,381

244,898

Common

Stocks,

continued

Shares

Value

The

Southern

Co.

(Electric

Utilities)

26,874

$

2,593,879

Vistra

Corp.

(Independent

Power/Renewable

Electricity

Producers)

7,773

1,168,515

WEC

Energy

Group,

Inc.

(Multi-Utilities)

7,943

919,561

Xcel

Energy,

Inc.

(Electric

Utilities)

14,438

1,146,955

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $11,753,125)

34,667,046

Repurchase

Agreements

(a) (1

.9

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

3.40%-3.54%,

dated

3/31/26,

due

4/1/26,

total

to

be

received

$653,064

$

653,000

653,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$653,000)

653,000

TOTAL

INVESTMENT

SECURITIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$12,406,125)— 100.1%

35,320,046

Net

other

assets

(liabilities)

—

(0

.1)

%

(46,044)

NET

ASSETS

—

100.0%

$

35,274,002

(a) The

ProFund

VP

invests

in

Repurchase

Agreements

jointly

with

other

funds

in

the

Trust. See

"Repurchase

Agreements"

in

the

Appendix

to

view

the

details

of

each

individual

agreement

and

counterparty

as

well

as

a

description

of

the

securities

subject

to

repurchase.

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

Utilities

Select

Sector

Index

Goldman

Sachs

International

4/23/26

4.39%

$

623,996

$

15,343

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

(2) Reflects

the

floating

financing

rate,

as

of

March

31,

2026,

on

the

notional

amount

of

the

swap

agreement

paid

to

the

counterparty

or

received

from

the

counterparty,

excluding

any

commissions. This

amount

is

included

as

part

of

the

unrealized

appreciation/(depreciation).

ProFund

VP

Utilities

invested

in

the

following

industries

as

of

March

31,

2026:

Value

%

of

Net

Assets

Electric

Utilities

$

22,824,731

64.7%

Gas

Utilities

745,899

2.1%

Independent

Power/Renewable

Electricity

Producers

1,413,413

4.0%

Multi-Utilities

9,034,670

25.6%

Water

Utilities

648,333

1.8%

Other

\*\*

606,956

1.8%

Total

$

35,274,002

100.0%

\*\*

Includes

any

non-equity

securities

and

other

net

assets

(liabilities),

which

includes

any

receivable

for

capital

shares

issued

and

payable

for

capital

shares

redeemed.

Appendix

::

March

31,

2026

(unaudited)

Repurchase

agreements

Information

concerning

the

counterparties,

value

of,

collateralization

and

amounts

due

under

repurchase

agreement

transactions

may

be

found

in

the

table

below.

As

of

March

31,

2026,

the

following

ProFunds

VP

had

undivided

interest

in

joint

repurchase

agreements

with

the

following

counterparties,

for

the

time

periods

and

rates

indicated.

Amounts

shown

in

the

table

below

represent

principal

amount,

cost

and

value

for

each

respective repurchase

agreement.

Each

repurchase

agreement

was

fully

collateralized

by

U.S.

government

securities

as

of

March

31,

2026,

as

follows:

(1) U.S.

Treasury

Notes,

3.375%,

due

11/30/2027,

total

value

$49,821,724.

(2) U.S.

Treasury

Bonds,

3.875%,

due

2/15/2043,

total

value

$34,741,181.

(3) U.S.

Treasury

Notes,

1.75%

to

4.175%,

due

2/15/2027

to

1/31/2029,

which

had

an

aggregate

value

of

$32,427,870.

(4) U.S.

Treasury

Notes,

3.50%,

due

9/30/2027,

total

value

$13,865,919.

(5) U.S.

Treasury

Notes,

3.75%

to

4.00%,

due

12/15/2027

to

5/31/2030,

U.S.

Treasury

Bonds,

4.375%

to

4.50%,

due

8/15/2043

to

11/15/2054,

which

had

an

aggregate

value

of

$69,526,518.

(6) U.S.

Treasury

Notes,

3.875%

to

4.50%,

due

5/15/2027

to

10/31/2029,

which

had

an

aggregate

value

of

$26,446,975.

Fund

Name

Canadian

Imperial

Bank

of

Commerce,

3.54%

dated

3/31/26,

due

4/1/26

HSBC

Securities

(USA),

Inc.,

3.50%

dated

3/31/26,

due

4/1/26

Natwest

Markets,

LLC,

3.53%

dated

3/31/26,

due

4/1/26

RBC

Capital

Markets,

LLC,

3.45%

dated

3/31/26,

due

4/1/26

Societe

Generale,

3.54%

dated

3/31/26,

due

4/1/26

UMB

Bank,

N.A.,

3.4%

dated

3/31/26,

due

4/1/26

ProFund

Access

VP High

Yield

$1,732,000

$1,208,000

$1,128,000

$483,000

$2,417,000

$913,000

ProFund

VP

Banks

20,000

13,000

13,000

5,000

27,000

13,000

ProFund

VP

Bear

381,000

266,000

248,000

105,000

533,000

208,000

ProFund

VP

Biotechnology

207,000

144,000

134,000

57,000

288,000

112,000

ProFund

VP

Bull

1,854,000

1,293,000

1,207,000

517,000

2,588,000

982,000

ProFund

VP

Communication

Services

20,000

13,000

13,000

5,000

27,000

13,000

ProFund

VP

Consumer

Discretionary

38,000

26,000

25,000

10,000

53,000

24,000

ProFund

VP

Consumer

Staples

98,000

69,000

64,000

27,000

138,000

54,000

ProFund

VP

Dow

76,000

53,000

50,000

20,000

107,000

49,000

ProFund

VP

Emerging

Markets

73,000

51,000

47,000

20,000

103,000

45,000

ProFund

VP

Energy

80,000

55,000

52,000

22,000

111,000

45,000

ProFund

VP

Falling

U.S.

Dollar

127,000

88,000

82,000

35,000

178,000

73,000

ProFund

VP

Financials

50,000

34,000

32,000

13,000

69,000

30,000

ProFund

VP

Government

Money

Market

831,000

579,000

541,000

231,000

1,159,000

440,000

ProFund

VP

Health

Care

171,000

119,000

111,000

47,000

238,000

92,000

ProFund

VP

Industrials

35,000

24,000

22,000

9,000

49,000

21,000

ProFund

VP

International

2,997,000

2,090,000

1,951,000

835,000

4,181,000

1,582,000

ProFund

VP

Internet

18,000

13,000

12,000

5,000

26,000

11,000

ProFund

VP

Japan

2,744,000

1,914,000

1,786,000

765,000

3,829,000

1,445,000

ProFund

VP

Large-Cap

Growth

17,000

12,000

11,000

4,000

24,000

11,000

ProFund

VP

Materials

34,000

23,000

22,000

9,000

47,000

20,000

ProFund

VP

Mid-Cap

2,187,000

1,525,000

1,424,000

608,000

3,051,000

1,159,000

ProFund

VP

Mid-Cap

Growth

2,000

1,000

1,000

–

3,000

5,000

ProFund

VP

Mid-Cap

Value

3,000

2,000

2,000

–

4,000

5,000

ProFund

VP

4,523,000

3,156,000

2,945,000

1,261,000

6,313,000

2,386,000

ProFund

VP

Pharmaceuticals

63,000

44,000

41,000

17,000

88,000

34,000

ProFund

VP

Precious

Metals

13,621,000

9,502,000

8,868,000

3,800,000

19,006,000

7,168,000

ProFund

VP

Real

Estate

19,000

13,000

12,000

5,000

26,000

13,000

ProFund

VP

Rising

Rates

Opportunity

1,073,000

749,000

698,000

299,000

1,498,000

571,000

ProFund

VP

Semiconductor

161,000

112,000

105,000

45,000

225,000

87,000

ProFund

VP

Short

Dow

2,000

1,000

1,000

–

4,000

9,000

ProFund

VP

Short

Emerging

Markets

62,000

43,000

41,000

16,000

89,000

40,000

ProFund

VP

Short

International

117,000

81,000

76,000

31,000

164,000

70,000

ProFund

VP

Short

Mid-Cap

30,000

21,000

18,000

8,000

43,000

24,000

ProFund

VP

Short

460,000

319,000

298,000

126,000

641,000

250,000

ProFund

VP

Short

Small-Cap

152,000

106,000

99,000

41,000

213,000

89,000

ProFund

VP

Small-Cap

942,000

657,000

613,000

262,000

1,315,000

503,000

ProFund

VP

Small-Cap

Growth

3,000

2,000

2,000

–

4,000

3,000

ProFund

VP

Small-Cap

Value

6,000

4,000

4,000

1,000

8,000

6,000

ProFund

VP

Technology

271,000

189,000

176,000

75,000

378,000

145,000

ProFund

VP

UltraBull

776,000

541,000

505,000

215,000

1,083,000

417,000

ProFund

VP

UltraMid-Cap

511,000

355,000

331,000

141,000

712,000

278,000

ProFund

VP

10,244,000

7,147,000

6,671,000

2,858,000

14,295,000

5,392,000

ProFund

VP

UltraShort

Dow

1,000

–

–

–

1,000

4,000

ProFund

VP

UltraShort

150,000

104,000

97,000

41,000

210,000

86,000

ProFund

VP

UltraSmall-Cap

1,026,000

716,000

668,000

285,000

1,434,000

549,000

ProFund

VP

U.S.

Government

Plus

689,000

479,000

447,000

191,000

960,000

371,000

ProFund

VP

Utilities

143,000

100,000

93,000

40,000

200,000

77,000

$48,840,000

$34,056,000

$31,787,000

$13,590,000

$68,160,000

$25,924,000

## 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:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $32754557.73

**Total Liabilities:** $2037605.71

**Net Assets:** $30716952.02

**Cash Not Reported:** $3794136.23

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000024086 | 7.01%                | 0.83%                | -9.02%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $110195.24               | $2274634.25                                |
| Month 2  | $-12896.48               | $337852.11                                 |
| Month 3  | $1028888.85              | $-4357020.69                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ASE Technology Holding Co Ltd.                                 | ASE Technology Holding Company Ltd.                      | CUSIP: 00215W100<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |     28027 | NS      | $607625.36    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                                     | Alibaba Group Holding Ltd.                               | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | HK        |     38091 | NS      | $4778896.86   | 15.56%            |  |  |  | No            |                  1 | On Loan: No      |
| Ambev S.A.                                                     | Ambev S.A.                                               | CUSIP: 02319V103<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |     67902 | NS      | $198273.84    | 0.65%             |  |  |  | No            |                  1 | On Loan: —       |
| America Movil S.A.B. de C.V.                                   | America Movil S.A.B. de C.V.                             | CUSIP: 02390A101<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |     14416 | NS      | $367319.68    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc.                                                     | Baidu, Inc.                                              | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | CN        |      4440 | NS      | $494704.80    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco SA                                              | Banco Bradesco S.A.                                      | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |     84374 | NS      | $307965.10    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco de Chile                                                 | Banco de Chile                                           | CUSIP: 059520106<br>LEI: 8B4EZFY8IHJC44TT2K84 | Long             | EC               | CORP              | CL        |      3707 | NS      | $137307.28    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BeOne Medicines Ltd.                                           | BeOne Medicines Ltd.                                     | CUSIP: 07725L102<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | US        |      1155 | NS      | $343000.35    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bilibili Inc.                                                  | Bilibili, Inc.                                           | CUSIP: 090040106<br>LEI: 5493008V60M52L3PIS45 | Long             | EC               | CORP              | CN        |      4650 | NS      | $104904.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                                            | VPEM_BKTEM_GOLDMAN                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               |  | US        |       290 | OU      | $30485.29     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                            | VPEM_BKTEM_UBS                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               |  | US        |       229 | OU      | $24064.31     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| CEMEX S.A.B. de C.V.                                           | Cemex S.A.B. de C.V.                                     | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |     24153 | NS      | $276310.32    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrais Elet Bras Sa Eletrobras                               | Axia Energia                                             | CUSIP: 15234Q207<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EC               | CORP              | BR        |     14565 | NS      | $164293.20    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Chunghwa Telecom Co Ltd.                                       | Chunghwa Telecom Company Ltd.                            | CUSIP: 17133Q502<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      6065 | NS      | $256185.60    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP | Cia de Saneamento Basico do Estado de Sao Paulo S.A.BESP | CUSIP: 20441A102<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |      7547 | NS      | $230256.89    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr. Reddy's Laboratories Ltd.                                  | Dr Reddy's Laboratories Ltd.                             | CUSIP: 256135203<br>LEI: 335800OVDPY3DVZR2798 | Long             | EC               | CORP              | IN        |      9721 | NS      | $134635.85    | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Embraer S.A.                                                   | Embraer S.A.                                             | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |      2776 | NS      | $164727.84    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano S A B de C V                        | Fomento Economico Mexicano S.A.B. de C.V.                | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |      2701 | NS      | $299973.06    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Full Truck Alliance Co Ltd                                     | Full Truck Alliance Company Ltd.                         | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | CN        |     13189 | NS      | $109468.70    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                                                | Gold Fields Ltd.                                         | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     14361 | NS      | $651989.40    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario Del Pacifico S.A.B. de C.V.                | Grupo Aeroportuario del Pacifico S.A.B. de C.V.          | CUSIP: 400506101<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |       651 | NS      | $160712.37    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Cibest SA                                                | Grupo Cibest S.A.                                        | CUSIP: 40090E106<br>LEI: 529900OSSJBGZREZ2C28 | Long             | EC               | CORP              | CO        |      1777 | NS      | $129383.37    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd.                                                 | HDFC Bank Ltd.                                           | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     60557 | NS      | $1506658.16   | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Gold Mining Co Ltd                                     | Harmony Gold Mining Company Ltd.                         | CUSIP: 413216300<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |      8710 | NS      | $133872.70    | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| H World Group Ltd.                                             | H World Group Ltd.                                       | CUSIP: 44332N106<br>LEI: 549300Y5ML31FVN83730 | Long             | EC               | CORP              | CN        |      2749 | NS      | $138247.21    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd.                                                | ICICI Bank Ltd.                                          | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     42224 | NS      | $1093601.60   | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd.                                                   | Infosys Ltd.                                             | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |     56345 | NS      | $761220.95    | 2.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Itau Unibanco Holding SA                                       | Itau Unibanco Holding S.A.                               | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |     86304 | NS      | $723227.52    | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc.                                                    | JD.com, Inc.                                             | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |     22856 | NS      | $675851.92    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group Inc.                                        | KB Financial Group, Inc.                                 | CUSIP: 48241A105<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |      5532 | NS      | $551706.36    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| KE Holdings Inc.                                               | KE Holdings, Inc.                                        | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | CN        |     10322 | NS      | $154520.34    | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Korea Electric Power Corp.                                     | Korea Electric Power Corp.                               | CUSIP: 500631106<br>LEI: 988400QG33WS7JEIV602 | Long             | EC               | CORP              | SK        |      8194 | NS      | $116764.50    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Li Auto Inc.                                                   | Li Auto, Inc.                                            | CUSIP: 50202M102<br>LEI: 2549003R73Q70J5H4I65 | Long             | EC               | CORP              | CN        |      9541 | NS      | $170116.03    | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| NIO Inc.                                                       | NIO, Inc.                                                | CUSIP: 62914V106<br>LEI: 549300JBU4TV5OCKJV96 | Long             | EC               | CORP              | CN        |     29328 | NS      | $176847.84    | 0.58%             |  |  |  | No            |                  1 | On Loan: —       |
| NetEase Inc.                                                   | NetEase, Inc.                                            | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |      5455 | NS      | $610632.70    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| New Oriental Education &  Technology Group Inc.                | New Oriental Education & Technology Group, Inc.          | CUSIP: 647581206<br>LEI: 529900NHZVBZQZ8EKN29 | Long             | EC               | CORP              | KY        |      2188 | NS      | $123906.44    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| POSCO Holdings Inc.                                            | POSCO Holdings, Inc.                                     | CUSIP: 693483109<br>LEI: 988400E5HRVX81AYLM04 | Long             | EC               | CORP              | KR        |      4803 | NS      | $280927.47    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom Indonesia(Persero) Tbk PT                               | Telkom Indonesia Persero Tbk P.T.                        | CUSIP: 715684106<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |      7271 | NS      | $135822.28    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                                         | Petroleo Brasileiro S.A. - Petrobras                     | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     35195 | NS      | $659906.25    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                                         | Petroleo Brasileiro S.A. - Petrobras                     | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     29686 | NS      | $615984.50    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings Inc.                                              | PDD Holdings, Inc.                                       | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | IE        |     12457 | NS      | $1272856.26   | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Shinhan Financial Group Co Ltd.                                | Shinhan Financial Group Company Ltd.                     | CUSIP: 824596100<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |      7359 | NS      | $451253.88    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Sibanye-Stillwater Limited                                     | Sibanye Stillwater Ltd.                                  | CUSIP: 82575P107<br>LEI: 378900F238434B74D281 | Long             | EC               | CORP              | ZA        |     11290 | NS      | $139092.80    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Sociedad Quimica y Minera de Chile S A                         | Sociedad Quimica y Minera de Chile S.A.                  | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |      2278 | NS      | $184381.32    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                   | Taiwan Semiconductor Manufacturing Company Ltd.          | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     16851 | NS      | $5694795.45   | 18.54%            |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Music Entertainment Group                              | Tencent Music Entertainment Group                        | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | CN        |      7887 | NS      | $73191.36     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd.                                            | Trip.com Group Ltd.                                      | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | SG        |      9698 | NS      | $482863.42    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| United Microelectronics Corp.                                  | United Microelectronics Corporation                      | CUSIP: 910873405<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | TW        |     37759 | NS      | $339075.82    | 1.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Vale S.A.                                                      | Vale S.A.                                                | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |     57212 | NS      | $910242.92    | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Woori Financial Group Inc.                                     | Woori Financial Group, Inc.                              | CUSIP: 981064108<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3592 | NS      | $239227.20    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| XPeng Inc.                                                     | XPeng, Inc.                                              | CUSIP: 98422D105<br>LEI: 549300TZNMIREMWQU857 | Long             | EC               | CORP              | CN        |     11720 | NS      | $200529.20    | 0.65%             |  |  |  | No            |                  1 | On Loan: —       |
| ZTO Express (Cayman) Inc.                                      | ZTO Express Cayman, Inc.                                 | CUSIP: 98980A105<br>LEI: 549300SCJPK3YZJTJR78 | Long             | EC               | CORP              | CN        |      6584 | NS      | $165719.28    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| AGPXX                                                          | Invesco Government & Agency Portfolio                    | CUSIP: 825252891<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2238228 | NS      | $2238228.00   | 7.29%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                            | CF Secured 3.54 , 4/01/2026                              | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |     73000 | PA      | $73000.00     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                            | HSBC SECURITIES (USA), INC. B 3.5 , 4/01/2026            | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |     51000 | PA      | $51000.00     | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                            | NATWEST MARKETS PLC  3.53 , 4/01/2026                    | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |     47000 | PA      | $47000.00     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                            | ROYAL BANK OF CANADA  3.45 , 4/01/2026                   | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |     20000 | PA      | $20000.00     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                            | SOCIETE' GENERALE  3.54 , 4/01/2026                      | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |    103000 | PA      | $103000.00    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                            | UMB FINANCIAL CORP. B 3.4 , 4/01/2026                    | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |     45000 | PA      | $45000.00     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-31

**Name of Applicant:** ProFund VP Emerging Markets

**Signature:** Rebecca Colvin

**Name of Signer:** Rebecca Colvin

**Title:** Treasurer and Principal Financial Officer