# EDGAR Filing Document

**Accession Number:** 0001039803
**File Stem:** 0001752724-25-151925
**Filing Date:** 2025-6
**Character Count:** 786110
**Document Hash:** 607753e79ae7bd741b7c0e293337bc4b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-151925.hdr.sgml**: 20250623

**ACCESSION NUMBER**: 0001752724-25-151925

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250623

**DATE AS OF CHANGE**: 20250623

**PERIOD START**: 20250731

**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:** 251065601

**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

### SHORT ENERGY PROFUND (Series ID: S000003085)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000008386 | SHORT ENERGY PROFUND INVESTOR CLASS | SNPIX           |
| C000008387 | SHORT ENERGY PROFUND SERVICE CLASS  | SNPSX           |

## Nport-Ex

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Access

Flex

Bear

High

Yield

ProFund

Repurchase

Agreements

(a) (25.2%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$115,014

$

115,000

$

115,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$115,000)

115,000

TOTAL

INVESTMENT

SECURITIES

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

$115,000)— 25.2%

$

115,000

Net

other

assets

(liabilities) —

74.8%

341,546

NET

ASSETS

—

100.0%

$

456,546

(a) The

ProFund

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

w

ell

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)

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

Goldman

Sachs

International

5/23/25

(1.33)%

$

(227,221)

$

(785) iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

UBS

AG

5/23/25

(4.63)%

(229,099)

(685) $(456,320)

$(1,470)

(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

April

30,

2025,

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).

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Access

Flex

High

Yield

ProFund

Repurchase

Agreements

(a) (95.7%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$19,907,338

$

19,905,000

$

19,905,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$19,905,000)

19,905,000

TOTAL

INVESTMENT

SECURITIES

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

$19,905,000)— 95.7%

$

19,905,000

Net

other

assets

(liabilities) —

4.3%

904,313

NET

ASSETS

—

100.0%

$

20,809,313

(a) The

ProFund

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

5/23/25

3.33%

$

10,636,199

$

16,710

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

UBS

AG

5/23/25

5.13%

10,166,734

1,371

$20,802,933

$18,081

(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

April

30,

2025,

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

::

April

30,

2025

(unaudited)

Banks

UltraSector

ProFund

Common

Stocks

(78

.4

%)

Shares

Value

Ameris

Bancorp

(Banks)

1,290

$

75,593

Apollo

Global

Management,

Inc.

(Financial

Services)

540

73,699

Associated

Banc-Corp.

(Banks)

3,365

74,232

Atlantic

Union

Bankshares

Corp.

(Banks)

2,275

63,018

Axos

Financial,

Inc.

\*

(Banks)

1,166

74,018

Banc

of

California,

Inc.

(Banks)

5,320

71,714

BancFirst

Corp.

(Banks)

524

61,738

Bank

of

America

Corp.

(Banks)

1,826

72,821

Bank

of

Hawaii

Corp.

(Banks)

1,096

72,457

Bank

OZK

(Banks)

1,661

70,759

BankUnited,

Inc.

(Banks)

2,186

71,504

Banner

Corp.

(Banks)

1,153

70,494

BOK

Financial

Corp.

(Banks)

722

67,269

Cadence

Bank

(Banks)

2,477

72,477

Cathay

General

Bancorp

(Banks)

1,714

71,457

Citigroup,

Inc.

(Banks)

1,073

73,372

Citizens

Financial

Group,

Inc.

(Banks)

1,801

66,439

Columbia

Banking

System,

Inc.

(Banks)

3,032

67,977

Comerica,

Inc.

(Banks)

1,262

67,833

Commerce

Bancshares,

Inc.

(Banks)

1,221

74,164

Community

Financial

System,

Inc.

(Banks)

1,081

59,012

Corebridge

Financial,

Inc

(Financial

Services)

2,298

68,090

Cullen/Frost

Bankers,

Inc.

(Banks)

591

68,834

CVB

Financial

Corp.

(Banks)

3,918

72,640

East

West

Bancorp,

Inc.

(Banks)

853

72,974

Eastern

Bankshares,

Inc.

(Banks)

4,648

69,348

Equitable

Holdings,

Inc.

(Financial

Services)

1,417

70,071

Essent

Group,

Ltd.

(Financial

Services)

1,350

76,856

F.N.B.

Corp.

(Banks)

5,497

71,956

Fifth

Third

Bancorp

(Banks)

1,892

67,998

First

Bancorp

(Banks)

4,151

81,525

First

Citizens

BancShares,

Inc.

-

Class

A

(Banks)

74,724

First

Financial

Bancorp

(Banks)

2,026

46,902

First

Financial

Bankshares,

Inc.

(Banks)

2,079

69,667

First

Hawaiian,

Inc.

(Banks)

2,971

67,917

First

Horizon

Corp.

(Banks)

3,891

70,357

First

Interstate

BancSystem,

Inc.

-

Class

A

(Banks)

2,578

67,531

First

Merchants

Corp.

(Banks)

1,152

41,057

Fulton

Financial

Corp.

(Banks)

4,129

68,872

Glacier

Bancorp,

Inc.

(Banks)

1,648

67,172

Hancock

Whitney

Corp.

(Banks)

1,447

75,374

Hilltop

Holdings,

Inc.

(Banks)

1,819

53,715

Home

BancShares,

Inc.

(Banks)

2,613

72,511

Huntington

Bancshares,

Inc.

(Banks)

5,009

72,781

Independent

Bank

Corp.

(Banks)

1,187

70,140

International

Bancshares

Corp.

(Banks)

1,186

72,393

Jackson

Financial,

Inc.

-

Class

A

(Financial

Services)

905

70,509

JPMorgan

Chase

&

Co.

(Banks)

78,277

KeyCorp

(Banks)

4,708

69,867

Lakeland

Financial

Corp.

(Banks)

584

32,511

M&T

Bank

Corp.

(Banks)

71,978

MGIC

Investment

Corp.

(Financial

Services)

3,225

80,334

Mr.

Cooper

Group,

Inc.

\*

(Financial

Services)

724

86,162

NBT

Bancorp,

Inc.

(Banks)

1,030

43,610

New

York

Community

Bancorp,

Inc.

\*

(Banks)

6,251

73,199

NMI

Holdings,

Inc.

\*

-

Class

A

(Financial

Services)

2,109

76,283

Northern

Trust

Corp.

(Capital

Markets)

742

69,733

OFG

Bancorp

(Banks)

1,720

67,682

Old

National

Bancorp

(Banks)

3,535

72,786

Pacific

Premier

Bancorp,

Inc.

(Banks)

2,844

57,847

Pathward

Financial,

Inc.

(Banks)

969

76,909

PennyMac

Financial

Services,

Inc.

\*

(Financial

Services)

759

73,957

Pinnacle

Financial

Partners,

Inc.

(Banks)

719

72,073

PNC

Financial

Services

Group,

Inc.

(Banks)

68,454

Popular,

Inc.

(Banks)

836

79,770

Prosperity

Bancshares,

Inc.

(Banks)

1,037

70,412

Provident

Financial

Services,

Inc.

(Banks)

3,005

49,192

Common

Stocks

(78.4%),

continued

Shares

Value

Radian

Group,

Inc.

(Financial

Services)

2,360

$

75,378

Regions

Financial

Corp.

(Banks)

3,461

70,639

Renasant

Corp.

(Banks)

2,165

69,432

Rocket

Cos,

Inc.

\*(a)

(Financial

Services)

5,115

66,035

Seacoast

Banking

Corp.

of

Florida

(Banks)

1,940

45,997

ServisFirst

Bancshares,

Inc.

(Banks)

893

63,599

Simmons

First

National

Corp.

-

Class

A

(Banks)

2,911

54,319

SouthState

Corp.

(Banks)

807

70,031

Synovus

Financial

Corp.

(Banks)

1,627

70,482

Texas

Capital

Bancshares,

Inc.

\*

(Banks)

1,010

68,832

The

Bancorp,

Inc.

\*

(Banks)

1,436

69,373

The

Bank

of

New

York

Mellon

Corp.

(Capital

Markets)

902

72,530

Triumph

Financial,

Inc.

\*

(Banks)

848

45,300

Truist

Financial

Corp.

(Banks)

1,829

70,124

Trustmark

Corp.

(Banks)

1,431

48,010

U.S.

Bancorp

(Banks)

1,749

70,555

UMB

Financial

Corp.

(Banks)

736

69,604

United

Bankshares,

Inc.

(Banks)

2,130

73,038

United

Community

Banks,

Inc.

(Banks)

2,564

70,792

Valley

National

Bancorp

(Banks)

8,387

72,128

Voya

Financial,

Inc.

(Financial

Services)

1,103

65,298

Walker

&

Dunlop,

Inc.

(Financial

Services)

844

64,600

Washington

Federal,

Inc.

(Banks)

2,532

72,238

Webster

Financial

Corp.

(Banks)

1,467

69,389

Wells

Fargo

&

Co.

(Banks)

1,057

75,058

WesBanco,

Inc.

(Banks)

2,352

70,043

Western

Alliance

Bancorp

(Banks)

962

67,061

Wintrust

Financial

Corp.

(Banks)

664

73,817

WSFS

Financial

Corp.

(Banks)

1,402

72,273

Zions

Bancorp

N.A.

(Banks)

1,520

68,354

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $4,371,846)

6,639,326

Repurchase

Agreements

(b)(c) (23.4%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$1,975,232

$

1,975,000

1,975,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$1,975,000)

1,975,000

Collateral

for

Securities

Loaned

(d) (0.8%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 4.37%

(e) 64,369

64,369

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $64,369)

64,369

TOTAL

INVESTMENT

SECURITIES

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

$6,411,215)— 102.6%

8,678,695

Net

other

assets

(liabilities)

—

(2

.6)

%

(223,486)

NET

ASSETS

—

100.0%

$

8,455,209

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

April

30,

2025. The

total

value

of

securities

on

loan

as

of

April

30,

2025

was

$62,717.

(b) The

ProFund

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) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$861,000.

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Banks

UltraSector

ProFund

(d) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

April

30,

2025. (e) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

April

30,

2025. Total

Return

Swap

Agreements—Long

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

5/23/25

5.08%

$

3,265,658

$

46,132

S&P

Banks

Select

Industry

Index

UBS

AG

5/23/25

5.13%

2,730,341

37,942

$5,995,999

$84,074

(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

April

30,

2025,

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).

Banks

UltraSector

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Banks

$

5,549,791

65.6%

Capital

Markets

142,263

1.6%

Financial

Services

947,272

11.2%

Other

\*\*

1,815,883

.6

%

Total

$

8,455,209

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

::

April

30,

2025

(unaudited)

Bear

ProFund

Repurchase

Agreements

(a) (b) (104

.2

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$45,709,368

$

45,704,000

$

45,704,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$45,704,000)

45,704,000

TOTAL

INVESTMENT

SECURITIES

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

$45,704,000)— 104.2%

$

45,704,000

Net

other

assets

(liabilities)

—

(4

.2)

%

(1,846,857)

NET

ASSETS

—

100.0%

$

43,857,143

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$4,952,000.

Futures

Contracts

Sold

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

E-Mini

S&P

500

Futures

Contracts

6/23/25

$

(558,700)

$

4,164

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

5/27/25

(4.83)%

$

(39,350,978)

$

(284,830)

S&P

500

UBS

AG

5/27/25

(4.73)%

(3,942,894)

(27,834)

$(43,293,872)

$(312,664)

(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

April

30,

2025,

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).

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Biotechnology

UltraSector

ProFund

Common

Stocks

(75

.4

%)

Shares

Value

89bio,

Inc.

\*

(Biotechnology)

16,061

$

128,809

AbbVie,

Inc.

(Biotechnology)

5,964

1,163,576

ACADIA

Pharmaceuticals,

Inc.

\*

(Biotechnology)

23,454

342,428

ADMA

Biologics,

Inc.

\*

(Biotechnology)

26,135

622,013

Agios

Pharmaceuticals,

Inc.

\*

(Biotechnology)

10,956

325,284

Akebia

Therapeutics,

Inc.

\*

(Biotechnology)

24,180

58,274

Akero

Therapeutics,

Inc.

\*

(Biotechnology)

8,669

395,393

Alkermes

PLC

\*

(Biotechnology)

17,609

506,611

Alnylam

Pharmaceuticals,

Inc.

\*

(Biotechnology)

5,217

1,373,322

Altimmune,

Inc.

\*(a)

(Biotechnology)

16,813

88,268

Amgen,

Inc.

(Biotechnology)

4,048

1,177,644

Amicus

Therapeutics,

Inc.

\*

(Biotechnology)

29,696

228,065

AnaptysBio,

Inc.

\*

(Biotechnology)

3,649

81,081

Anavex

Life

Sciences

Corp.

\*(a)

(Biotechnology)

14,915

141,693

Apellis

Pharmaceuticals,

Inc.

\*

(Biotechnology)

21,080

404,947

Apogee

Therapeutics,

Inc.

\*

(Biotechnology)

5,032

197,506

Arbutus

Biopharma

Corp.

\*

(Biotechnology)

9,697

34,424

Arcellx,

Inc.

\*

(Biotechnology)

6,847

444,713

Arcturus

Therapeutics

Holdings,

Inc.

\*

(Biotechnology)

5,791

74,183

Arcus

Biosciences,

Inc.

\*

(Biotechnology)

13,145

115,019

Arcutis

Biotherapeutics,

Inc.

\*

(Biotechnology)

18,754

279,622

Ardelyx,

Inc.

\*

(Biotechnology)

46,040

253,450

ArriVent

Biopharma,

Inc.

\*

(Biotechnology)

2,037

43,307

Arrowhead

Pharmaceuticals,

Inc.

\*

(Biotechnology)

22,561

313,372

ARS

Pharmaceuticals,

Inc.

\*

(Biotechnology)

8,811

123,090

Avidity

Biosciences,

Inc.

\*

(Biotechnology)

16,947

553,320

Beam

Therapeutics,

Inc.

\*

(Biotechnology)

14,028

279,578

BioCryst

Pharmaceuticals,

Inc.

\*

(Biotechnology)

29,644

262,349

Biogen,

Inc.

\*

(Biotechnology)

9,022

1,092,384

Biohaven,

Ltd.

\*

(Biotechnology)

14,006

309,813

BioMarin

Pharmaceutical,

Inc.

\*

(Biotechnology)

15,324

975,986

Blueprint

Medicines

Corp.

\*

(Biotechnology)

11,623

1,040,259

Bridgebio

Pharma,

Inc.

\*

(Biotechnology)

23,653

907,329

Capricor

Therapeutics,

Inc.

\*

(Biotechnology)

9,711

123,330

CareDx,

Inc.

\*

(Biotechnology)

11,624

196,213

Catalyst

Pharmaceuticals,

Inc.

\*

(Biotechnology)

12,252

297,601

Celldex

Therapeutics,

Inc.

\*

(Biotechnology)

12,678

264,083

CG

Oncology,

Inc.

\*

(Biotechnology)

8,358

225,165

Cogent

Biosciences,

Inc.

\*

(Biotechnology)

19,622

102,231

Crinetics

Pharmaceuticals,

Inc.

\*

(Biotechnology)

11,951

399,044

CRISPR

Therapeutics

AG

\*(a)

(Biotechnology)

17,089

660,832

Cullinan

Therapeutics,

Inc.

\*

(Biotechnology)

6,429

53,232

Cytokinetics,

Inc.

\*

(Biotechnology)

17,259

739,376

Day

One

Biopharmaceuticals,

Inc.

\*

(Biotechnology)

13,944

108,484

Denali

Therapeutics,

Inc.

\*

(Biotechnology)

15,112

251,615

Dianthus

Therapeutics,

Inc.

\*

(Biotechnology)

2,794

61,049

Disc

Medicine,

Inc.

\*

(Biotechnology)

3,983

196,840

Dynavax

Technologies

Corp.

\*

(Biotechnology)

19,235

226,011

Dyne

Therapeutics,

Inc.

\*

(Biotechnology)

17,243

203,295

Emergent

BioSolutions,

Inc.

\*

(Biotechnology)

13,001

69,425

Exact

Sciences

Corp.

\*

(Biotechnology)

27,289

1,245,469

Exelixis,

Inc.

\*

(Biotechnology)

26,936

1,054,544

Geron

Corp.

\*

(Biotechnology)

103,167

145,465

Gilead

Sciences,

Inc.

(Biotechnology)

11,096

1,182,168

GRAIL,

Inc.

\*(a)

(Biotechnology)

7,123

245,708

Halozyme

Therapeutics,

Inc.

\*

(Biotechnology)

13,002

798,583

Humacyte,

Inc.

\*(a)

(Biotechnology)

21,648

31,390

Ideaya

Biosciences,

Inc.

\*

(Biotechnology)

14,205

285,947

ImmunityBio,

Inc.

\*(a)

(Biotechnology)

37,979

95,327

Immunome,

Inc.

\*

(Biotechnology)

11,992

105,410

Immunovant,

Inc.

\*

(Biotechnology)

16,247

262,389

Incyte

Corp.

\*

(Biotechnology)

18,675

1,170,176

Insmed,

Inc.

\*

(Biotechnology)

17,083

1,229,976

Intellia

Therapeutics,

Inc.

\*

(Biotechnology)

21,075

186,935

Ionis

Pharmaceuticals,

Inc.

\*

(Biotechnology)

20,625

633,394

Iovance

Biotheraputics,

Inc.

\*

(Biotechnology)

49,328

177,088

Janux

Therapeutics,

Inc.

\*

(Biotechnology)

6,586

218,655

Common

Stocks

(75.4%),

continued

Shares

Value

KalVista

Pharmaceuticals,

Inc.

\*

(Biotechnology)

3,074

$

42,329

Keros

Therapeutics,

Inc.

\*

(Biotechnology)

6,475

93,499

Krystal

Biotech,

Inc.

\*

(Biotechnology)

2,827

480,251

Kura

Oncology,

Inc.

\*

(Biotechnology)

15,341

100,637

Kymera

Therapeutics,

Inc.

\*

(Biotechnology)

6,902

236,532

Madrigal

Pharmaceuticals,

Inc.

\*

(Biotechnology)

3,499

1,168,351

Mannkind

Corp.

\*

(Biotechnology)

30,888

155,676

MiMedx

Group,

Inc.

\*

(Biotechnology)

7,672

52,783

Mirum

Pharmaceuticals,

Inc.

\*

(Biotechnology)

6,068

263,655

Moderna,

Inc.

\*

(Biotechnology)

36,141

1,031,464

Myriad

Genetics,

Inc.

\*

(Biotechnology)

17,179

127,296

Natera,

Inc.

\*

(Biotechnology)

8,753

1,321,089

Neurocrine

Biosciences,

Inc.

\*

(Biotechnology)

11,597

1,248,880

Novavax,

Inc.

\*

(Biotechnology)

32,475

216,608

Nurix

Therapeutics,

Inc.

\*

(Biotechnology)

12,882

148,529

Nuvalent,

Inc.

\*

-

Class

A

(Biotechnology)

5,991

459,809

Organogenesis

Holdings,

Inc.

\*

(Biotechnology)

3,744

18,383

ORIC

Pharmaceuticals,

Inc.

\*

(Biotechnology)

9,060

51,733

Praxis

Precision

Medicines,

Inc.

\*

(Biotechnology)

3,422

128,804

Protagonist

Therapeutics,

Inc.

\*

(Biotechnology)

5,179

237,302

Prothena

Corp.

PLC

\*

(Biotechnology)

5,146

47,343

PTC

Therapeutics,

Inc.

\*

(Biotechnology)

6,678

332,832

Recursion

Pharmaceuticals,

Inc.

\*(a)

-

Class

A

(Biotechnology)

70,028

391,457

Regeneron

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,834

1,098,126

Relay

Therapeutics,

Inc.

\*

(Biotechnology)

23,997

79,910

Replimune

Group,

Inc.

\*

(Biotechnology)

9,199

89,966

REVOLUTION

Medicines,

Inc.

\*

(Biotechnology)

19,124

772,227

Rhythm

Pharmaceuticals,

Inc.

\*

(Biotechnology)

6,756

440,424

Rigel

Pharmaceuticals,

Inc.

\*

(Biotechnology)

2,504

48,978

Rocket

Pharmaceuticals,

Inc.

\*

(Biotechnology)

18,241

139,179

Roivant

Sciences,

Ltd.

\*

(Biotechnology)

58,012

674,099

Sana

Biotechnology,

Inc.

\*(a)

(Biotechnology)

22,835

43,387

Sarepta

Therapeutics,

Inc.

\*

(Biotechnology)

11,406

711,734

Scholar

Rock

Holding

Corp.

\*

(Biotechnology)

13,068

430,068

Soleno

Therapeutics,

Inc.

\*

(Biotechnology)

5,424

406,041

SpringWorks

Therapeutics,

Inc.

\*

(Biotechnology)

12,981

601,020

Spyre

Therapeutics,

Inc.

\*

(Biotechnology)

8,229

125,328

Stoke

Therapeutics,

Inc.

\*

(Biotechnology)

7,221

70,477

Summit

Therapeutics,

Inc.

\*(a)

(Biotechnology)

26,874

648,201

Syndax

Pharmaceuticals,

Inc.

\*

(Biotechnology)

20,074

284,047

TG

Therapeutics,

Inc.

\*

(Biotechnology)

21,282

968,544

Travere

Therapeutics,

Inc.

\*

(Biotechnology)

16,971

353,167

Twist

Bioscience

Corp.

\*

(Biotechnology)

11,645

446,236

Ultragenyx

Pharmaceutical,

Inc.

\*

(Biotechnology)

10,393

405,119

uniQure

N.V.

\*

(Biotechnology)

9,665

142,655

United

Therapeutics

Corp.

\*

(Biotechnology)

4,119

1,248,427

Vaxcyte,

Inc.

\*

(Biotechnology)

15,425

552,832

Vera

Therapeutics,

Inc.

\*

(Biotechnology)

9,932

232,111

Veracyte,

Inc.

\*

(Biotechnology)

12,986

396,073

Vericel

Corp.

\*

(Biotechnology)

5,582

212,228

Vertex

Pharmaceuticals,

Inc.

\*

(Biotechnology)

2,553

1,300,753

Verve

Therapeutics,

Inc.

\*

(Biotechnology)

13,175

74,702

Viking

Therapeutics,

Inc.

\*

(Biotechnology)

21,513

621,080

Vir

Biotechnology,

Inc.

\*

(Biotechnology)

20,026

122,559

Viridian

Therapeutics,

Inc.

\*

(Biotechnology)

12,385

167,817

Xencor,

Inc.

\*

(Biotechnology)

10,151

111,864

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $45,618,535)

49,958,183

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Biotechnology

UltraSector

ProFund

Repurchase

Agreements

(b) (c) (21

.2

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$14,037,648

$

14,036,000

$

14,036,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$14,036,000)

14,036,000

Collateral

for

Securities

Loaned

(d) (3

.2

%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 4.37%

(e) 2,151,320

2,151,320

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $2,151,320)

2,151,320

TOTAL

INVESTMENT

SECURITIES

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

$61,805,855)— 99.8%

$

66,145,503

Net

other

assets

(liabilities)

—

.2

%

101,076

NET

ASSETS

—

100.0%

$

66,246,579

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

April

30,

2025. The

total

value

of

securities

on

loan

as

of

April

30,

2025

was

$2,096,066.

(b) The

ProFund

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) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$8,355,000.

(d) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

April

30,

2025. (e) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

April

30,

2025. 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

5/23/25

5.08%

$

22,686,643

$

1,132,944

S&P

Biotechnology

Select

Industry

Index

UBS

AG

5/23/25

5.13%

26,483,922

1,192,452

$49,170,565

$2,325,396

(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

April

30,

2025,

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).

Biotechnology

UltraSector

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Biotechnology

$

49,958,183

75.4%

Other

\*\*

16,288,396

.6

%

Total

$

66,246,579

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.

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Bull

ProFund

Common

Stocks

(82.1%)

Shares

Value

3M

Co.

(Industrial

Conglomerates)

$

58,481

A.O.

Smith

Corp.

(Building

Products)

6,243

Abbott

Laboratories

(Health

Care

Equipment

&

Supplies)

1,346

175,989

AbbVie,

Inc.

(Biotechnology)

1,371

267,482

Accenture

PLC

-

Class

A

(IT

Services)

145,387

Adobe,

Inc.

\*

(Software)

126,743

Advanced

Micro

Devices,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,259

122,564

Aflac,

Inc.

(Insurance)

41,842

Agilent

Technologies,

Inc.

(Life

Sciences

Tools

&

Services)

23,780

Air

Products

&

Chemicals,

Inc.

(Chemicals)

46,899

Airbnb,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

40,965

Akamai

Technologies,

Inc.

\*

(IT

Services)

9,428

Albemarle

Corp.

(Chemicals)

5,387

Alexandria

Real

Estate

Equities,

Inc.

(Office

REITs)

8,647

Align

Technology,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

9,532

Allegion

PLC

(Building

Products)

9,466

Alliant

Energy

Corp.

(Electric

Utilities)

12,147

Allstate

Corp.

(Insurance)

40,868

Alphabet,

Inc.

-

Class

A

(Interactive

Media

&

Services)

4,528

719,046

Alphabet,

Inc.

-

Class

C

(Interactive

Media

&

Services)

3,668

590,145

Altria

Group,

Inc.

(Tobacco)

1,317

77,901

Amazon.com,

Inc.

\*

(Broadline

Retail)

7,324

1,350,692

Amcor

PLC

(Containers

&

Packaging)

1,752

16,118

Ameren

Corp.

(Multi-Utilities)

20,741

American

Electric

Power

Co.,

Inc.

(Electric

Utilities)

44,853

American

Express

Co.

(Consumer

Finance)

114,822

American

International

Group,

Inc.

(Insurance)

37,499

American

Tower

Corp.

(Specialized

REITs)

81,825

American

Water

Works

Co.,

Inc.

(Water

Utilities)

22,346

Ameriprise

Financial,

Inc.

(Capital

Markets)

34,855

AMETEK,

Inc.

(Electrical

Equipment)

30,524

Amgen,

Inc.

(Biotechnology)

121,605

Amphenol

Corp.

-

Class

A

(Electronic

Equipment,

Instruments

&

Components)

940

72,333

Analog

Devices,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

75,044

ANSYS,

Inc.

\*

(Software)

21,888

Aon

PLC

-

Class

A

(Insurance)

59,605

APA

Corp.

(Oil,

Gas

&

Consumable

Fuels)

4,460

Apollo

Global

Management,

Inc.

(Financial

Services)

47,359

Apple,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

11,658

2,477,325

Applied

Materials,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

632

95,249

Aptiv

PLC

\*

(Automobile

Components)

10,157

Arch

Capital

Group,

Ltd.

\*

(Insurance)

26,388

Archer-Daniels-Midland

Co.

(Food

Products)

17,763

Arista

Networks,

Inc.

\*

(Communications

Equipment)

803

66,063

Arthur

J. Gallagher

&

Co.

(Insurance)

63,176

Assurant,

Inc.

(Insurance)

7,517

AT&T,

Inc.

(Diversified

Telecommunication

Services)

5,574

154,400

Atmos

Energy

Corp.

(Gas

Utilities)

19,757

Autodesk,

Inc.

\*

(Software)

45,800

Automatic

Data

Processing,

Inc.

(Professional

Services)

94,991

AutoZone,

Inc.

\*

(Specialty

Retail)

48,914

AvalonBay

Communities,

Inc.

(Residential

REITs)

23,098

Avery

Dennison

Corp.

(Containers

&

Packaging)

10,609

Axon

Enterprise,

Inc.

\*

(Aerospace

&

Defense)

34,958

Baker

Hughes

Co.

(Energy

Equipment

&

Services)

768

27,187

Ball

Corp.

(Containers

&

Packaging)

12,050

Bank

of

America

Corp.

(Banks)

5,138

204,903

Baxter

International,

Inc.

(Health

Care

Equipment

&

Supplies)

12,374

Common

Stocks

(82.1%),

continued

Shares

Value

Becton,

Dickinson

&

Co.

(Health

Care

Equipment

&

Supplies)

$

46,181

Berkshire

Hathaway,

Inc.

\*

-

Class

B

(Financial

Services)

1,423

758,814

Best

Buy

Co.,

Inc.

(Specialty

Retail)

10,137

Biogen,

Inc.

\*

(Biotechnology)

13,682

Bio-Techne

Corp.

(Life

Sciences

Tools

&

Services)

6,143

BlackRock,

Inc.

(Capital

Markets)

103,311

Blackstone,

Inc.

(Capital

Markets)

568

74,811

Booking

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

132,581

Boston

Properties,

Inc.

(Office

REITs)

7,265

Boston

Scientific

Corp.

\*

(Health

Care

Equipment

&

Supplies)

1,144

117,683

Bristol-Myers

Squibb

Co.

(Pharmaceuticals)

1,575

79,065

Broadcom,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

3,635

699,628

Broadridge

Financial

Solutions,

Inc.

(Professional

Services)

22,058

Brown

&

Brown,

Inc.

(Insurance)

20,350

Brown-Forman

Corp.

-

Class

B

(Beverages)

4,912

Builders

FirstSource,

Inc.

\*

(Building

Products)

10,647

Bunge

Global

SA

(Food

Products)

8,187

C.H.

Robinson

Worldwide,

Inc.

(Air

Freight

&

Logistics)

8,297

Cadence

Design

Systems,

Inc.

\*

(Software)

63,419

Caesars

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

4,492

Camden

Property

Trust

(Residential

REITs)

9,445

Campbell

Soup

Co.

(Food

Products)

5,578

Capital

One

Financial

Corp.

(Consumer

Finance)

53,537

Cardinal

Health,

Inc.

(Health

Care

Providers

&

Services)

26,563

CarMax,

Inc.

\*

(Specialty

Retail)

7,696

Carnival

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

814

14,929

Carrier

Global

Corp.

(Building

Products)

627

39,213

Caterpillar,

Inc.

(Machinery)

114,740

Cboe

Global

Markets,

Inc.

(Capital

Markets)

18,188

CBRE

Group,

Inc.

\*

-

Class

A

(Real

Estate

Management

&

Development)

28,101

CDW

Corp.

(Electronic

Equipment,

Instruments

&

Components)

16,698

Cencora,

Inc.

(Health

Care

Providers

&

Services)

39,218

Centene

Corp.

\*

(Health

Care

Providers

&

Services)

23,042

CenterPoint

Energy,

Inc.

(Multi-Utilities)

507

19,661

CF

Industries

Holdings,

Inc.

(Chemicals)

10,580

Charles

River

Laboratories

International,

Inc.

\*

(Life

Sciences

Tools

&

Services)

4,626

Charter

Communications,

Inc.

\*

-

Class

A

(Media)

28,997

Chevron

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,297

176,470

Chipotle

Mexican

Grill,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

1,053

53,198

Chubb,

Ltd.

(Insurance)

82,677

Church

&

Dwight

Co.,

Inc.

(Household

Products)

18,974

Cincinnati

Financial

Corp.

(Insurance)

16,844

Cintas

Corp.

(Commercial

Services

&

Supplies)

56,307

Cisco

Systems,

Inc.

(Communications

Equipment)

3,092

178,501

Citigroup,

Inc.

(Banks)

1,456

99,561

Citizens

Financial

Group,

Inc.

(Banks)

12,506

CME

Group,

Inc.

(Capital

Markets)

77,305

CMS

Energy

Corp.

(Multi-Utilities)

17,013

Cognizant

Technology

Solutions

Corp.

-

Class

A

(IT

Services)

28,251

Colgate-Palmolive

Co.

(Household

Products)

630

58,080

Comcast

Corp.

-

Class

A

(Media)

2,929

100,171

Conagra

Brands,

Inc.

(Food

Products)

9,167

ConocoPhillips

(Oil,

Gas

&

Consumable

Fuels)

990

88,229

Consolidated

Edison,

Inc.

(Multi-Utilities)

30,330

Constellation

Brands,

Inc.

-

Class

A

(Beverages)

22,505

Constellation

Energy

Corp.

(Electric

Utilities)

54,072

Copart,

Inc.

\*

(Commercial

Services

&

Supplies)

681

41,561

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Bull

ProFund

Common

Stocks

(82.1%),

continued

Shares

Value

Corning,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

598

$

26,539

Corpay,

Inc.

\*

(Software)

17,245

Corteva,

Inc.

(Chemicals)

532

32,979

CoStar

Group,

Inc.

\*

(Real

Estate

Management

&

Development)

24,254

Costco

Wholesale

Corp.

(Consumer

Staples

Distribution

&

Retail)

343,102

Coterra

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

571

14,024

Crowdstrike

Holdings,

Inc.

\*

-

Class

A

(Software)

81,914

Crown

Castle

International

Corp.

(Specialized

REITs)

35,641

CSX

Corp.

(Ground

Transportation)

1,497

42,021

Cummins,

Inc.

(Machinery)

31,441

CVS

Health

Corp.

(Health

Care

Providers

&

Services)

980

65,376

D.R.

Horton,

Inc.

(Household

Durables)

27,794

Danaher

Corp.

(Life

Sciences

Tools

&

Services)

99,067

Darden

Restaurants,

Inc.

(Hotels,

Restaurants

&

Leisure)

18,258

DaVita,

Inc.

\*

(Health

Care

Providers

&

Services)

4,813

Dayforce,

Inc.

\*

(Professional

Services)

7,118

Deckers

Outdoor

Corp.

\*

(Textiles,

Apparel

&

Luxury

Goods)

13,078

Deere

&

Co.

(Machinery)

90,858

Dell

Technologies,

Inc.

-

Class

C

(Technology

Hardware,

Storage

&

Peripherals)

22,206

Delta

Air

Lines,

Inc.

(Passenger

Airlines)

20,731

Devon

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

510

15,509

Dexcom,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

21,628

Diamondback

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

19,141

Digital

Realty

Trust,

Inc.

(Specialized

REITs)

39,332

Discover

Financial

Services

(Consumer

Finance)

35,621

Dollar

General

Corp.

(Consumer

Staples

Distribution

&

Retail)

16,021

Dollar

Tree,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

12,838

Dominion

Energy,

Inc.

(Multi-Utilities)

652

35,456

Domino's

Pizza,

Inc.

(Hotels,

Restaurants

&

Leisure)

13,240

DoorDash,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

50,923

Dover

Corp.

(Machinery)

18,260

Dow,

Inc.

(Chemicals)

546

16,702

DTE

Energy

Co.

(Multi-Utilities)

22,057

Duke

Energy

Corp.

(Electric

Utilities)

602

73,456

DuPont

de

Nemours,

Inc.

(Chemicals)

21,447

Eastman

Chemical

Co.

(Chemicals)

6,853

Eaton

Corp.

PLC

(Electrical

Equipment)

90,667

eBay,

Inc.

(Broadline

Retail)

25,356

Ecolab,

Inc.

(Chemicals)

49,280

Edison

International

(Electric

Utilities)

16,053

Edwards

LifeSciences

Corp.

\*

(Health

Care

Equipment

&

Supplies)

34,574

Electronic

Arts,

Inc.

(Entertainment)

26,697

Elevance

Health,

Inc.

(Health

Care

Providers

&

Services)

75,704

Eli

Lilly

&

Co.

(Pharmaceuticals)

612

550,157

Emerson

Electric

Co.

(Electrical

Equipment)

45,933

Enphase

Energy,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

4,637

Entergy

Corp.

(Electric

Utilities)

27,696

EOG

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

48,104

EPAM

Systems,

Inc.

\*

(IT

Services)

6,904

EQT

Corp.

(Oil,

Gas

&

Consumable

Fuels)

22,940

Equifax,

Inc.

(Professional

Services)

24,972

Equinix,

Inc.

(Specialized

REITs)

64,556

Equity

Residential

(Residential

REITs)

18,619

Common

Stocks

(82.1%),

continued

Shares

Value

Erie

Indemnity

Co.

-

Class

A

(Insurance)

$

6,814

Essex

Property

Trust,

Inc.

(Residential

REITs)

13,958

Everest

Group,

Ltd.

(Insurance)

12,200

Evergy,

Inc.

(Electric

Utilities)

12,369

Eversource

Energy

(Electric

Utilities)

16,952

Exelon

Corp.

(Electric

Utilities)

780

36,582

Expand

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

16,936

Expedia

Group,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

14,908

Expeditors

International

of

Washington,

Inc.

(Air

Freight

&

Logistics)

11,870

Extra

Space

Storage,

Inc.

(Specialized

REITs)

24,176

Exxon

Mobil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

3,377

356,713

F5,

Inc.

\*

(Communications

Equipment)

11,913

FactSet

Research

Systems,

Inc.

(Capital

Markets)

12,534

Fair

Isaac

Corp.

\*

(Software)

37,804

Fastenal

Co.

(Trading

Companies

&

Distributors)

36,031

Federal

Realty

Investment

Trust

(Retail

REITs)

5,641

FedEx

Corp.

(Air

Freight

&

Logistics)

36,177

Fidelity

National

Information

Services,

Inc.

(Financial

Services)

32,420

Fifth

Third

Bancorp

(Banks)

520

18,689

First

Horizon

Corp.

(Banks)

—

(a) 7

First

Solar,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

10,569

FirstEnergy

Corp.

(Electric

Utilities)

17,109

Fiserv,

Inc.

\*

(Financial

Services)

81,580

Ford

Motor

Co.

(Automobiles)

3,022

30,250

Fortinet,

Inc.

\*

(Software)

51,257

Fortive

Corp.

(Machinery)

18,398

Fox

Corp.

-

Class

A

(Media)

8,415

Fox

Corp.

-

Class

B

(Media)

4,763

Franklin

Resources,

Inc.

(Capital

Markets)

4,521

Freeport-McMoRan,

Inc.

(Metals

&

Mining)

1,115

40,173

Garmin,

Ltd.

(Household

Durables)

22,238

Gartner,

Inc.

\*

(IT

Services)

25,265

GE

HealthCare

Technologies,

Inc.

(Health

Care

Equipment

&

Supplies)

24,967

GE

Vernova,

Inc.

(Electrical

Equipment)

79,355

Gen

Digital,

Inc.

(Software)

10,917

Generac

Holdings,

Inc.

\*

(Electrical

Equipment)

5,376

General

Dynamics

Corp.

(Aerospace

&

Defense)

53,336

General

Electric

Co.

(Industrial

Conglomerates)

833

167,882

General

Mills,

Inc.

(Food

Products)

24,341

General

Motors

Co.

(Automobiles)

773

34,971

Genuine

Parts

Co.

(Distributors)

12,696

Gilead

Sciences,

Inc.

(Biotechnology)

967

103,024

Global

Payments,

Inc.

(Financial

Services)

14,652

Globe

Life,

Inc.

(Insurance)

8,017

GoDaddy,

Inc.

\*

-

Class

A

(IT

Services)

20,528

Halliburton

Co.

(Energy

Equipment

&

Services)

673

13,339

Hasbro,

Inc.

(Leisure

Products)

6,376

HCA

Healthcare,

Inc.

(Health

Care

Providers

&

Services)

48,311

Healthpeak

Properties,

Inc.

(Health

Care

REITs)

543

9,687

Henry

Schein,

Inc.

\*

(Health

Care

Providers

&

Services)

6,237

Hess

Corp.

(Oil,

Gas

&

Consumable

Fuels)

27,746

Hewlett

Packard

Enterprise

Co.

(Technology

Hardware,

Storage

&

Peripherals)

1,020

16,544

Hilton

Worldwide

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

42,165

Hologic,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

10,127

Honeywell

International,

Inc.

(Industrial

Conglomerates)

505

106,303

Hormel

Foods

Corp.

(Food

Products)

6,757

Host

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

543

7,667

Howmet

Aerospace,

Inc.

(Aerospace

&

Defense)

43,514

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Bull

ProFund

Common

Stocks

(82.1%),

continued

Shares

Value

HP,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

727

$

18,589

Hubbell,

Inc.

(Electrical

Equipment)

14,890

Humana,

Inc.

(Health

Care

Providers

&

Services)

24,651

Huntington

Bancshares,

Inc.

(Banks)

1,128

16,390

Huntington

Ingalls

Industries,

Inc.

(Aerospace

&

Defense)

7,141

IDEX

Corp.

(Machinery)

10,264

IDEXX

Laboratories,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

27,257

Illinois

Tool

Works,

Inc.

(Machinery)

49,661

Incyte

Corp.

\*

(Biotechnology)

7,770

Ingersoll

Rand,

Inc.

(Machinery)

23,610

Insulet

Corp.

\*

(Health

Care

Equipment

&

Supplies)

13,876

Intel

Corp.

(Semiconductors

&

Semiconductor

Equipment)

3,362

67,576

Intercontinental

Exchange,

Inc.

(Capital

Markets)

74,915

International

Business

Machines

Corp.

(IT

Services)

718

173,626

International

Flavors

&

Fragrances,

Inc.

(Chemicals)

15,614

International

Paper

Co.

(Containers

&

Packaging)

18,683

Intuit,

Inc.

(Software)

136,788

Intuitive

Surgical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

142,877

Invesco,

Ltd.

(Capital

Markets)

4,848

Invitation

Homes,

Inc.

(Residential

REITs)

15,112

IQVIA

Holdings,

Inc.

\*

(Life

Sciences

Tools

&

Services)

20,159

Iron

Mountain,

Inc.

(Specialized

REITs)

20,445

J.B.

Hunt

Transport

Services,

Inc.

(Ground

Transportation)

8,096

Jabil,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

12,458

Jack

Henry

&

Associates,

Inc.

(Financial

Services)

9,886

Jacobs

Solutions,

Inc.

(Professional

Services)

11,761

Johnson

&

Johnson

(Pharmaceuticals)

1,870

292,300

Johnson

Controls

International

PLC

(Building

Products)

512

42,956

JPMorgan

Chase

&

Co.

(Banks)

2,172

531,314

Juniper

Networks,

Inc.

(Communications

Equipment)

9,371

Kellanova

(Food

Products)

17,216

Kenvue,

Inc.

(Personal

Care

Products)

1,488

35,117

Keurig

Dr

Pepper,

Inc.

(Beverages)

928

32,100

KeyCorp

(Banks)

773

11,471

Keysight

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

19,484

Kimberly-Clark

Corp.

(Household

Products)

33,867

Kimco

Realty

Corp.

(Retail

REITs)

528

10,549

Kinder

Morgan,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,502

39,503

KKR

&

Co.,

Inc.

(Capital

Markets)

524

59,877

KLA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

73,080

L3Harris

Technologies,

Inc.

(Aerospace

&

Defense)

32,123

Labcorp

Holdings,

Inc.

(Health

Care

Providers

&

Services)

15,425

Lam

Research

Corp.

(Semiconductors

&

Semiconductor

Equipment)

996

71,384

Lamb

Weston

Holdings,

Inc.

(Food

Products)

5,809

Las

Vegas

Sands

Corp.

(Hotels,

Restaurants

&

Leisure)

9,791

Leidos

Holdings,

Inc.

(Professional

Services)

14,865

Lennar

Corp.

-

Class

A

(Household

Durables)

19,658

Lennox

International,

Inc.

(Building

Products)

13,669

Linde

PLC

(Chemicals)

167,694

Live

Nation

Entertainment,

Inc.

\*

(Entertainment)

16,026

LKQ

Corp.

(Distributors)

7,718

Lockheed

Martin

Corp.

(Aerospace

&

Defense)

77,873

Loews

Corp.

(Insurance)

11,896

Lowe's

Cos.,

Inc.

(Specialty

Retail)

97,919

Common

Stocks

(82.1%),

continued

Shares

Value

Lululemon

Athletica,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

$

23,557

LyondellbBasell

Industries

N.V.

-

Class

A

(Chemicals)

11,700

M&T

Bank

Corp.

(Banks)

21,899

Marathon

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

33,665

MarketAxess

Holdings,

Inc.

(Capital

Markets)

6,205

Marriott

International,

Inc.

-

Class

A

(Hotels,

Restaurants

&

Leisure)

42,612

Marsh

&

McLennan

Cos.,

Inc.

(Insurance)

86,130

Martin

Marietta

Materials,

Inc.

(Construction

Materials)

25,151

Masco

Corp.

(Building

Products)

10,001

MasterCard,

Inc.

-

Class

A

(Financial

Services)

633

346,921

Match

Group,

Inc.

(Interactive

Media

&

Services)

5,784

McCormick

&

Co.,

Inc.

(Food

Products)

15,025

McDonald's

Corp.

(Hotels,

Restaurants

&

Leisure)

556

177,726

McKesson

Corp.

(Health

Care

Providers

&

Services)

69,141

Medtronic

PLC

(Health

Care

Equipment

&

Supplies)

996

84,421

Merck

&

Co.,

Inc.

(Pharmaceuticals)

1,964

167,333

Meta

Platforms,

Inc.

-

Class

A

(Interactive

Media

&

Services)

1,699

932,751

MetLife,

Inc.

(Insurance)

33,841

Mettler-Toledo

International,

Inc.

\*

(Life

Sciences

Tools

&

Services)

17,129

MGM

Resorts

International

\*

(Hotels,

Restaurants

&

Leisure)

5,474

Microchip

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

19,215

Micron

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

865

66,562

Microsoft

Corp.

(Software)

5,772

2,281,440

Mid-America

Apartment

Communities,

Inc.

(Residential

REITs)

14,528

Moderna,

Inc.

\*

(Biotechnology)

7,506

Mohawk

Industries,

Inc.

\*

(Household

Durables)

4,254

Molina

Healthcare,

Inc.

\*

(Health

Care

Providers

&

Services)

14,061

Molson

Coors

Beverage

Co.

-

Class

B

(Beverages)

7,651

Mondelez

International,

Inc.

-

Class

A

(Food

Products)

1,005

68,472

Monolithic

Power

Systems,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

21,945

Monster

Beverage

Corp.

\*

(Beverages)

544

32,705

Moody's

Corp.

(Capital

Markets)

54,374

Morgan

Stanley

(Capital

Markets)

960

110,804

Motorola

Solutions,

Inc.

(Communications

Equipment)

57,251

MSCI,

Inc.

(Capital

Markets)

33,252

Nasdaq,

Inc.

(Capital

Markets)

24,463

NetApp,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

14,181

Netflix,

Inc.

\*

(Entertainment)

375,731

Newmont

Corp.

(Metals

&

Mining)

884

46,570

News

Corp.

-

Class

A

(Media)

7,946

News

Corp.

-

Class

B

(Media)

2,734

NextEra

Energy,

Inc.

(Electric

Utilities)

1,597

106,807

NIKE,

Inc.

-

Class

B

(Textiles,

Apparel

&

Luxury

Goods)

916

51,662

NiSource,

Inc.

(Multi-Utilities)

14,275

Nordson

Corp.

(Machinery)

7,772

Norfolk

Southern

Corp.

(Ground

Transportation)

39,433

Northern

Trust

Corp.

(Capital

Markets)

14,285

Northrop

Grumman

Corp.

(Aerospace

&

Defense)

51,569

Norwegian

Cruise

Lines

Holdings,

Ltd.

\*

(Hotels,

Restaurants

&

Leisure)

5,466

NRG

Energy,

Inc.

(Electric

Utilities)

17,204

Nucor

Corp.

(Metals

&

Mining)

21,725

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Bull

ProFund

Common

Stocks

(82.1%),

continued

Shares

Value

NVIDIA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

18,994

$

2,068,826

NVR,

Inc.

\*

(Household

Durables)

14,252

NXP

Semiconductors

N.V.

(Semiconductors

&

Semiconductor

Equipment)

36,309

Occidental

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

524

20,651

Old

Dominion

Freight

Line,

Inc.

(Ground

Transportation)

22,379

Omnicom

Group,

Inc.

(Media)

11,576

ON

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

12,982

ONEOK,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

39,601

Oracle

Corp.

(Software)

1,260

177,307

O'Reilly

Automotive,

Inc.

\*

(Specialty

Retail)

63,684

Otis

Worldwide

Corp.

(Machinery)

29,747

PACCAR,

Inc.

(Machinery)

36,806

Packaging

Corp.

of

America

(Containers

&

Packaging)

12,993

Palantir

Technologies,

Inc.

\*

(Software)

1,589

188,201

Palo

Alto

Networks,

Inc.

\*

(Software)

514

96,082

Paramount

Global

(b) -

Class

B

(Media)

5,424

Parker-Hannifin

Corp.

(Machinery)

60,506

Paychex,

Inc.

(Professional

Services)

36,633

Paycom

Software,

Inc.

(Professional

Services)

8,376

PayPal

Holdings,

Inc.

\*

(Financial

Services)

769

50,631

Pentair

PLC

(Machinery)

11,704

PepsiCo,

Inc.

(Beverages)

1,065

144,393

Pfizer,

Inc.

(Pharmaceuticals)

4,398

107,355

PG&E

Corp.

(Electric

Utilities)

1,703

28,134

Philip

Morris

International,

Inc.

(Tobacco)

1,206

206,660

Phillips

(Oil,

Gas

&

Consumable

Fuels)

33,403

Pinnacle

West

Capital

Corp.

(Electric

Utilities)

8,376

PNC

Financial

Services

Group,

Inc.

(Banks)

49,493

Pool

Corp.

(Distributors)

8,501

PPG

Industries,

Inc.

(Chemicals)

19,595

PPL

Corp.

(Electric

Utilities)

574

20,951

Principal

Financial

Group,

Inc.

(Insurance)

12,086

Prologis,

Inc.

(Industrial

REITs)

720

73,584

Prudential

Financial,

Inc.

(Insurance)

28,245

PTC,

Inc.

\*

(Software)

14,567

Public

Service

Enterprise

Group,

Inc.

(Multi-Utilities)

30,933

Public

Storage

(Specialized

REITs)

36,652

PulteGroup,

Inc.

(Household

Durables)

16,105

QUALCOMM,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

858

127,379

Quanta

Services,

Inc.

(Construction

&

Engineering)

33,659

Quest

Diagnostics,

Inc.

(Health

Care

Providers

&

Services)

15,327

Ralph

Lauren

Corp.

(Textiles,

Apparel

&

Luxury

Goods)

6,973

Raymond

James

Financial,

Inc.

(Capital

Markets)

19,597

Raytheon

Technologies

Corp.

(Aerospace

&

Defense)

1,034

130,418

Realty

Income

Corp.

(Retail

REITs)

680

39,345

Regency

Centers

Corp.

(Retail

REITs)

9,167

Regeneron

Pharmaceuticals,

Inc.

\*

(Biotechnology)

49,098

Regions

Financial

Corp.

(Banks)

706

14,409

Republic

Services,

Inc.

(Commercial

Services

&

Supplies)

39,619

ResMed,

Inc.

(Health

Care

Equipment

&

Supplies)

27,208

Revvity,

Inc.

(Life

Sciences

Tools

&

Services)

8,876

Rockwell

Automation,

Inc.

(Electrical

Equipment)

21,548

Rollins,

Inc.

(Commercial

Services

&

Supplies)

12,454

Roper

Technologies,

Inc.

(Software)

47,047

Ross

Stores,

Inc.

(Specialty

Retail)

35,584

Royal

Caribbean

Cruises,

Ltd.

\*

(Hotels,

Restaurants

&

Leisure)

41,263

Common

Stocks

(82.1%),

continued

Shares

Value

S&P

Global,

Inc.

(Capital

Markets)

$

122,013

Salesforce,

Inc.

(Software)

743

199,652

SBA

Communications

Corp.

-

Class

A

(Specialized

REITs)

20,446

Schlumberger

N.V.

(Energy

Equipment

&

Services)

1,088

36,176

Seagate

Technology

Holdings

PLC

(Technology

Hardware,

Storage

&

Peripherals)

14,929

Sempra

(Multi-Utilities)

36,542

ServiceNow,

Inc.

\*

(Software)

152,802

Simon

Property

Group,

Inc.

(Retail

REITs)

37,614

Skyworks

Solutions,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

8,099

Smurfit

WestRock

PLC

(Containers

&

Packaging)

16,136

Snap-on,

Inc.

(Machinery)

12,552

Solventum

Corp.

\*

(Health

Care

Equipment

&

Supplies)

7,075

Southwest

Airlines

Co.

(Passenger

Airlines)

12,862

Stanley

Black

&

Decker,

Inc.

(Machinery)

7,142

Starbucks

Corp.

(Hotels,

Restaurants

&

Leisure)

881

70,524

State

Street

Corp.

(Capital

Markets)

19,734

Steel

Dynamics,

Inc.

(Metals

&

Mining)

14,268

STERIS

PLC

(Health

Care

Equipment

&

Supplies)

17,080

Stryker

Corp.

(Health

Care

Equipment

&

Supplies)

99,463

Super

Micro

Computer,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

12,457

Synchrony

Financial

(Consumer

Finance)

15,689

Synopsys,

Inc.

\*

(Software)

55,081

Sysco

Corp.

(Consumer

Staples

Distribution

&

Retail)

27,132

T. Rowe

Price

Group,

Inc.

(Capital

Markets)

15,319

Take-Two

Interactive

Software,

Inc.

\*

(Entertainment)

29,865

Tapestry,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

11,375

Targa

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

28,882

Target

Corp.

(Consumer

Staples

Distribution

&

Retail)

34,425

TE

Connectivity,

Ltd.

(Electronic

Equipment,

Instruments

&

Components)

33,814

Teledyne

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

16,777

Teradyne,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

9,425

Tesla,

Inc.

\*

(Automobiles)

2,172

612,851

Texas

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

707

113,155

Texas

Pacific

Land

Corp.

(Oil,

Gas

&

Consumable

Fuels)

19,333

Textron,

Inc.

(Aerospace

&

Defense)

9,993

The

AES

Corp.

(Independent

Power/Renewable

Electricity

Producers)

552

5,520

The

Bank

of

New

York

Mellon

Corp.

(Capital

Markets)

557

44,788

The

Boeing

Co.

\*

(Aerospace

&

Defense)

582

106,646

The

Charles

Schwab

Corp.

(Capital

Markets)

1,323

107,692

The

Cigna

Group

(Health

Care

Providers

&

Services)

72,429

The

Clorox

Co.

(Household

Products)

13,519

The

Coca-Cola

Co.

(Beverages)

3,006

218,086

The

Cooper

Cos.,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

12,659

The

Estee

Lauder

Cos.,

Inc.

(Personal

Care

Products)

10,913

The

Goldman

Sachs

Group,

Inc.

(Capital

Markets)

132,508

The

Hartford

Financial

Services

Group,

Inc.

(Insurance)

27,478

The

Hershey

Co.

(Food

Products)

19,227

The

Home

Depot,

Inc.

(Specialty

Retail)

771

277,937

The

Interpublic

Group

of

Cos.,

Inc.

(Media)

7,260

The

J.M.

Smucker

Co.

(Food

Products)

9,650

The

Kraft

Heinz

Co.

(Food

Products)

677

19,701

The

Kroger

Co.

(Consumer

Staples

Distribution

&

Retail)

517

37,333

The

Mosaic

Co.

(Chemicals)

7,478

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Bull

ProFund

Common

Stocks

(82.1%),

continued

Shares

Value

The

Procter

&

Gamble

Co.

(Household

Products)

1,820

$

295,877

The

Progressive

Corp.

(Insurance)

128,192

The

Sherwin-Williams

Co.

(Chemicals)

63,525

The

Southern

Co.

(Electric

Utilities)

851

78,198

The

TJX

Cos.,

Inc.

(Specialty

Retail)

873

112,338

The

Travelers

Cos.,

Inc.

(Insurance)

46,487

The

Walt

Disney

Co.

(Entertainment)

1,404

127,694

The

Williams

Cos.,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

946

55,407

Thermo

Fisher

Scientific,

Inc.

(Life

Sciences

Tools

&

Services)

127,841

TKO

Group

Holdings,

Inc.

\*

(Entertainment)

8,308

T-Mobile

U.S.,

Inc.

(Wireless

Telecommunication

Services)

92,112

Tractor

Supply

Co.

(Specialty

Retail)

21,007

Trane

Technologies

PLC

(Building

Products)

66,312

TransDigm

Group,

Inc.

(Aerospace

&

Defense)

62,175

Trimble,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

11,869

Truist

Financial

Corp.

(Banks)

1,023

39,222

Tyler

Technologies,

Inc.

\*

(Software)

17,929

Tyson

Foods,

Inc.

-

Class

A

(Food

Products)

13,657

U.S.

Bancorp

(Banks)

1,211

48,852

Uber

Technologies,

Inc.

\*

(Ground

Transportation)

1,622

131,397

UDR,

Inc.

(Residential

REITs)

9,800

Ulta

Beauty,

Inc.

\*

(Specialty

Retail)

14,243

Union

Pacific

Corp.

(Ground

Transportation)

101,145

United

Airlines

Holdings,

Inc.

\*

(Passenger

Airlines)

17,549

United

Parcel

Service,

Inc.

-

Class

B

(Air

Freight

&

Logistics)

567

54,036

United

Rentals,

Inc.

(Trading

Companies

&

Distributors)

31,573

UnitedHealth

Group,

Inc.

(Health

Care

Providers

&

Services)

714

293,767

Universal

Health

Services,

Inc.

-

Class

B

(Health

Care

Providers

&

Services)

8,145

Valero

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

28,442

Ventas,

Inc.

(Health

Care

REITs)

23,757

Veralto

Corp.

(Commercial

Services

&

Supplies)

18,413

VeriSign,

Inc.

\*

(IT

Services)

17,774

Verisk

Analytics,

Inc.

(Professional

Services)

32,311

Verizon

Communications,

Inc.

(Diversified

Telecommunication

Services)

3,268

143,988

Vertex

Pharmaceuticals,

Inc.

\*

(Biotechnology)

101,900

Viatris,

Inc.

(Pharmaceuticals)

926

7,797

VICI

Properties,

Inc.

(Specialized

REITs)

819

26,224

Visa,

Inc.

-

Class

A

(Financial

Services)

1,338

462,278

Vistra

Corp.

(Independent

Power/Renewable

Electricity

Producers)

34,222

Vulcan

Materials

Co.

(Construction

Materials)

27,020

W.R.

Berkley

Corp.

(Insurance)

16,704

W.W.

Grainger,

Inc.

(Trading

Companies

&

Distributors)

35,851

Wabtec

Corp.

(Machinery)

24,386

Walgreens

Boots

Alliance,

Inc.

(Consumer

Staples

Distribution

&

Retail)

556

6,099

Walmart,

Inc.

(Consumer

Staples

Distribution

&

Retail)

3,366

327,343

Warner

Bros.

Discovery,

Inc.

\*

(Entertainment)

1,734

15,034

Waste

Management,

Inc.

(Commercial

Services

&

Supplies)

66,274

Waters

Corp.

\*

(Life

Sciences

Tools

&

Services)

15,996

WEC

Energy

Group,

Inc.

(Multi-Utilities)

27,051

Wells

Fargo

&

Co.

(Banks)

2,552

181,218

Welltower,

Inc.

(Health

Care

REITs)

72,175

West

Pharmaceutical

Services,

Inc.

(Life

Sciences

Tools

&

Services)

12,044

Western

Digital

Corp.

\*

(Technology

Hardware,

Storage

&

Peripherals)

11,886

Common

Stocks

(82.1%),

continued

Shares

Value

Weyerhaeuser

Co.

(Specialized

REITs)

564

$

14,613

Williams-Sonoma,

Inc.

(Specialty

Retail)

14,675

Willis

Towers

Watson

PLC

(Insurance)

23,701

Workday,

Inc.

\*

-

Class

A

(Software)

40,670

Wynn

Resorts,

Ltd.

(Hotels,

Restaurants

&

Leisure)

5,622

Xcel

Energy,

Inc.

(Electric

Utilities)

31,532

Xylem,

Inc.

(Machinery)

22,788

Yum!

Brands,

Inc.

(Hotels,

Restaurants

&

Leisure)

32,645

Zebra

Technologies

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

9,762

Zimmer

Biomet

Holdings,

Inc.

(Health

Care

Equipment

&

Supplies)

15,870

Zoetis,

Inc.

(Pharmaceuticals)

54,427

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $12,578,167)

36,640,882

Repurchase

Agreements

(c)(d) (17.5%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$7,786,914

$

7,786,000

7,786,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$7,786,000)

7,786,000

Collateral

for

Securities

Loaned

(e) NM

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 4.37%

(f) 4,776

4,776

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $4,776)

4,776

TOTAL

INVESTMENT

SECURITIES

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

$20,368,943)— 99.6%

44,431,658

Net

other

assets

(liabilities) —

0.4%

177,285

NET

ASSETS

—

100.0%

$

44,608,943

\*

Non-income

producing

security.

(a) Number

of

shares

is

less

than

0.50. (b) All

or

part

of

this

security

was

on

loan

as

of

April

30,

2025. The

total

value

of

securities

on

loan

as

of

April

30,

2025

was

$4,673.

(c) The

ProFund

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) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$850,000.

(e) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

April

30,

2025. (f) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

April

30,

2025. NM

Not

meaningful,

amount

is

less

than

0.05%

REIT

Real

Estate

Investment

Trust

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Bull

ProFund

Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

E-Mini

S&P

500

Futures

Contracts

6/23/25

$

1,117,400

$

30,329

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

5/27/25

5.08%

$

4,519,292

$

55,499

S&P

500

UBS

AG

5/27/25

5.13%

2,416,972

17,009

$6,936,264

$72,508

(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

April

30,

2025,

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).

Bull

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

609,745

1.4%

Air

Freight

&

Logistics

110,380

0.3%

Automobile

Components

10,157

NM

Automobiles

678,072

1.5%

Banks

1,249,934

2.8%

Beverages

462,352

1.0%

Biotechnology

672,067

1.5%

Broadline

Retail

1,376,048

3.1%

Building

Products

198,507

0.4%

Capital

Markets

1,170,199

2.6%

Chemicals

475,733

1.0%

Commercial

Services

&

Supplies

234,628

0.5%

Communications

Equipment

323,099

0.7%

Construction

&

Engineering

33,659

0.1%

Construction

Materials

52,171

0.1%

Consumer

Finance

219,669

0.5%

Consumer

Staples

Distribution

&

Retail

804,294

1.8%

Containers

&

Packaging

86,589

0.2%

Distributors

28,915

0.1%

Diversified

Telecommunication

Services

298,388

0.7%

Electric

Utilities

602,491

1.4%

Electrical

Equipment

288,293

0.6%

Electronic

Equipment,

Instruments

&

Components

219,734

0.5%

Energy

Equipment

&

Services

76,702

0.2%

Entertainment

599,355

1.4%

Financial

Services

1,804,542

4.1%

Food

Products

240,550

0.6%

Gas

Utilities

19,757

NM

Ground

Transportation

344,471

0.8%

Health

Care

Equipment

&

Supplies

900,841

2.0%

Health

Care

Providers

&

Services

802,210

1.8%

Value

%

of

Net

Assets

Health

Care

REITs

$

105,619

0.3%

Hotel

&

Resort

REITs

7,667

NM

Hotels,

Restaurants

&

Leisure

776,782

1.8%

Household

Durables

104,301

0.2%

Household

Products

420,317

1.0%

Independent

Power/Renewable

Electricity

Producers

39,742

0.1%

Industrial

Conglomerates

332,666

0.7%

Industrial

REITs

73,584

0.2%

Insurance

838,557

1.9%

Interactive

Media

&

Services

2,247,726

5.0%

IT

Services

427,163

1.0%

Leisure

Products

6,376

NM

Life

Sciences

Tools

&

Services

335,661

0.8%

Machinery

570,635

1.3%

Media

177,286

0.4%

Metals

&

Mining

122,736

0.3%

Multi-Utilities

254,059

0.6%

Office

REITs

15,912

NM

Oil,

Gas

&

Consumable

Fuels

1,089,159

2.4%

Passenger

Airlines

51,143

0.1%

Personal

Care

Products

46,029

0.1%

Pharmaceuticals

1,258,434

2.8%

Professional

Services

253,085

0.6%

Real

Estate

Management

&

Development

52,355

0.1%

Residential

REITs

104,560

0.2%

Retail

REITs

102,316

0.2%

Semiconductors

&

Semiconductor

Equipment

3,703,627

8.3%

Software

3,864,553

8.6%

Specialized

REITs

363,910

0.8%

Specialty

Retail

704,134

1.6%

Technology

Hardware,

Storage

&

Peripherals

2,588,117

5.8%

Textiles,

Apparel

&

Luxury

Goods

106,645

0.2%

Tobacco

284,561

0.6%

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Bull

ProFund

Value

%

of

Net

Assets

Trading

Companies

&

Distributors

$

103,455

0.2%

Water

Utilities

22,346

NM

Wireless

Telecommunication

Services

92,112

0.2%

Other

\*\*

7,968,061

17.9%

Total

$

44,608,943

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

::

April

30,

2025

(unaudited)

Communication

Services

UltraSector

ProFund

Common

Stocks

(77

.1

%)

Shares

Value

Alphabet,

Inc.

-

Class

A

(Interactive

Media

&

Services)

8,373

$

1,329,632

Alphabet,

Inc.

-

Class

C

(Interactive

Media

&

Services)

6,786

1,091,800

AT&T,

Inc.

(Diversified

Telecommunication

Services)

24,835

687,929

Charter

Communications,

Inc.

\*

-

Class

A

(Media)

1,896

742,966

Comcast

Corp.

-

Class

A

(Media)

19,111

653,596

Electronic

Arts,

Inc.

(Entertainment)

4,852

703,977

Fox

Corp.

-

Class

A

(Media)

7,627

379,748

Fox

Corp.

-

Class

B

(Media)

4,619

213,583

Live

Nation

Entertainment,

Inc.

\*

(Entertainment)

5,490

727,151

Match

Group,

Inc.

(Interactive

Media

&

Services)

8,791

260,741

Meta

Platforms,

Inc.

-

Class

A

(Interactive

Media

&

Services)

4,110

2,256,390

Netflix,

Inc.

\*

(Entertainment)

1,042

1,179,253

News

Corp.

-

Class

A

(Media)

13,236

358,960

News

Corp.

-

Class

B

(Media)

3,911

122,884

Omnicom

Group,

Inc.

(Media)

6,879

523,905

Paramount

Global

(a) -

Class

B

(Media)

20,830

244,544

Take-Two

Interactive

Software,

Inc.

\*

(Entertainment)

3,325

775,789

The

Interpublic

Group

of

Cos.,

Inc.

(Media)

13,042

327,615

The

Walt

Disney

Co.

(Entertainment)

7,136

649,019

TKO

Group

Holdings,

Inc.

\*

(Entertainment)

2,331

379,743

T-Mobile

U.S.,

Inc.

(Wireless

Telecommunication

Services)

2,642

652,442

Verizon

Communications,

Inc.

(Diversified

Telecommunication

Services)

15,576

686,279

Warner

Bros.

Discovery,

Inc.

\*

(Entertainment)

67,487

585,112

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $11,941,578)

15,533,058

Repurchase

Agreements

(b) (c) (19

.7

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$3,972,466

$

3,972,000

$

3,972,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$3,972,000)

3,972,000

Collateral

for

Securities

Loaned

(d) (0

.6

%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 4.37%

(e) 125,256

125,256

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $125,256)

125,256

TOTAL

INVESTMENT

SECURITIES

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

$16,038,834)— 97.4%

19,630,314

Net

other

assets

(liabilities)

—

.6

%

527,745

NET

ASSETS

—

100.0%

$

20,158,059

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

April

30,

2025. The

total

value

of

securities

on

loan

as

of

April

30,

2025

was

$122,542.

(b) The

ProFund

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) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$1,321,000.

(d) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

April

30,

2025. (e) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

April

30,

2025. 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

5/23/25

5.08%

$

7,464,287

$

266,768

S&P

Communication

Services

Select

Sector

Index

UBS

AG

5/23/25

5.13%

7,273,573

266,257

$14,737,860

$533,025

(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

April

30,

2025,

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).

Communication

Services

UltraSector

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Diversified

Telecommunication

Services

$

1,374,208

6.8%

Entertainment

5,000,043

24.8%

Interactive

Media

&

Services

4,938,563

24.5%

Media

3,567,802

17.7%

Wireless

Telecommunication

Services

652,442

3.3%

Other

\*\*

4,625,001

.9

%

Total

$

20,158,059

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.

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Consumer

Discretionary

UltraSector

ProFund

Common

Stocks

(77

.9

%)

Shares

Value

Airbnb,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

2,426

$

295,778

Amazon.com,

Inc.

\*

(Broadline

Retail)

22,661

4,179,142

Aptiv

PLC

\*

(Automobile

Components)

1,285

73,322

AutoZone,

Inc.

\*

(Specialty

Retail)

353,684

Best

Buy

Co.,

Inc.

(Specialty

Retail)

1,089

72,625

Booking

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

943,368

Caesars

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

1,188

32,147

CarMax,

Inc.

\*

(Specialty

Retail)

861

55,681

Carnival

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

5,869

107,637

Chipotle

Mexican

Grill,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

7,591

383,497

D.R.

Horton,

Inc.

(Household

Durables)

1,588

200,627

Darden

Restaurants,

Inc.

(Hotels,

Restaurants

&

Leisure)

657

131,820

Deckers

Outdoor

Corp.

\*

(Textiles,

Apparel

&

Luxury

Goods)

850

94,206

Domino's

Pizza,

Inc.

(Hotels,

Restaurants

&

Leisure)

94,641

DoorDash,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

1,901

366,684

eBay,

Inc.

(Broadline

Retail)

2,682

182,805

Expedia

Group,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

691

108,439

Ford

Motor

Co.

(Automobiles)

21,802

218,238

Garmin,

Ltd.

(Household

Durables)

861

160,895

General

Motors

Co.

(Automobiles)

5,574

252,168

Genuine

Parts

Co.

(Distributors)

779

91,571

Hasbro,

Inc.

(Leisure

Products)

734

45,435

Hilton

Worldwide

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

1,348

303,947

Las

Vegas

Sands

Corp.

(Hotels,

Restaurants

&

Leisure)

1,925

70,590

Lennar

Corp.

-

Class

A

(Household

Durables)

1,308

142,062

LKQ

Corp.

(Distributors)

1,456

55,634

Lowe's

Cos.,

Inc.

(Specialty

Retail)

3,163

707,120

Lululemon

Athletica,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

628

170,043

Marriott

International,

Inc.

-

Class

A

(Hotels,

Restaurants

&

Leisure)

1,282

305,894

McDonald's

Corp.

(Hotels,

Restaurants

&

Leisure)

2,944

941,050

MGM

Resorts

International

\*

(Hotels,

Restaurants

&

Leisure)

1,254

39,451

Mohawk

Industries,

Inc.

\*

(Household

Durables)

31,161

NIKE,

Inc.

-

Class

B

(Textiles,

Apparel

&

Luxury

Goods)

6,622

373,480

Common

Stocks

(77.9%),

continued

Shares

Value

Norwegian

Cruise

Lines

Holdings,

Ltd.

\*

(Hotels,

Restaurants

&

Leisure)

2,463

$

39,482

NVR,

Inc.

\*

(Household

Durables)

121,138

O'Reilly

Automotive,

Inc.

\*

(Specialty

Retail)

455,694

Pool

Corp.

(Distributors)

62,439

PulteGroup,

Inc.

(Household

Durables)

1,134

116,326

Ralph

Lauren

Corp.

(Textiles,

Apparel

&

Luxury

Goods)

50,164

Ross

Stores,

Inc.

(Specialty

Retail)

1,848

256,872

Royal

Caribbean

Cruises,

Ltd.

\*

(Hotels,

Restaurants

&

Leisure)

1,387

298,080

Starbucks

Corp.

(Hotels,

Restaurants

&

Leisure)

6,365

509,518

Tapestry,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

1,158

81,813

Tesla,

Inc.

\*

(Automobiles)

11,114

3,135,926

The

Home

Depot,

Inc.

(Specialty

Retail)

3,944

1,421,774

The

TJX

Cos.,

Inc.

(Specialty

Retail)

6,296

810,169

Tractor

Supply

Co.

(Specialty

Retail)

2,992

151,455

Ulta

Beauty,

Inc.

\*

(Specialty

Retail)

102,866

Williams-Sonoma,

Inc.

(Specialty

Retail)

689

106,430

Wynn

Resorts,

Ltd.

(Hotels,

Restaurants

&

Leisure)

502

40,316

Yum!

Brands,

Inc.

(Hotels,

Restaurants

&

Leisure)

1,563

235,138

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $7,646,481)

19,580,442

Repurchase

Agreements

(a)(b) (19.3%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$4,845,569

$

4,845,000

4,845,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$4,845,000)

4,845,000

TOTAL

INVESTMENT

SECURITIES

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

$12,491,481)— 97.2%

24,425,442

Net

other

assets

(liabilities)

—

.8

%

693,790

NET

ASSETS

—

100.0%

$

25,119,232

\*

Non-income

producing

security.

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$3,283,000.

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

5/23/25

5.08%

$

11,087,919

$

383,797

S&P

Consumer

Discretionary

Select

Sector

Index

UBS

AG

5/23/25

5.13%

6,983,793

411,776

$18,071,712

$795,573

(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

April

30,

2025,

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

::

April

30,

2025

(unaudited)

Consumer

Discretionary

UltraSector

ProFund

Consumer

Discretionary

UltraSector

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Automobile

Components

$

73,322

0.3%

Automobiles

3,606,332

14.3%

Broadline

Retail

4,361,947

17.4%

Distributors

209,644

0.8%

Hotels,

Restaurants

&

Leisure

5,247,476

20.9%

Household

Durables

772,209

3.1%

Leisure

Products

45,435

0.2%

Specialty

Retail

4,494,371

17.9%

Textiles,

Apparel

&

Luxury

Goods

769,706

3.0%

Other

\*\*

5,538,790

.1

%

Total

$

25,119,232

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.

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Consumer

Staples

UltraSector

ProFund

Common

Stocks

(74

.9

%)

Shares

Value

Altria

Group,

Inc.

(Tobacco)

4,540

$

268,541

Archer-Daniels-Midland

Co.

(Food

Products)

1,746

83,372

Brown-Forman

Corp.

-

Class

B

(Beverages)

664

23,134

Bunge

Global

SA

(Food

Products)

38,337

Campbell

Soup

Co.

(Food

Products)

718

26,178

Church

&

Dwight

Co.,

Inc.

(Household

Products)

897

89,108

Colgate-Palmolive

Co.

(Household

Products)

2,890

266,429

Conagra

Brands,

Inc.

(Food

Products)

1,741

43,020

Constellation

Brands,

Inc.

-

Class

A

(Beverages)

567

106,335

Costco

Wholesale

Corp.

(Consumer

Staples

Distribution

&

Retail)

618

614,602

Dollar

General

Corp.

(Consumer

Staples

Distribution

&

Retail)

802

75,139

Dollar

Tree,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

737

60,264

General

Mills,

Inc.

(Food

Products)

2,011

114,104

Hormel

Foods

Corp.

(Food

Products)

1,061

31,724

Kellanova

(Food

Products)

981

81,197

Kenvue,

Inc.

(Personal

Care

Products)

6,994

165,058

Keurig

Dr

Pepper,

Inc.

(Beverages)

4,355

150,639

Kimberly-Clark

Corp.

(Household

Products)

1,210

159,454

Lamb

Weston

Holdings,

Inc.

(Food

Products)

520

27,461

McCormick

&

Co.,

Inc.

(Food

Products)

921

70,604

Molson

Coors

Beverage

Co.

-

Class

B

(Beverages)

628

36,129

Mondelez

International,

Inc.

-

Class

A

(Food

Products)

4,039

275,177

Monster

Beverage

Corp.

\*

(Beverages)

2,554

153,546

PepsiCo,

Inc.

(Beverages)

1,909

258,822

Philip

Morris

International,

Inc.

(Tobacco)

2,165

370,994

Sysco

Corp.

(Consumer

Staples

Distribution

&

Retail)

1,785

127,449

Target

Corp.

(Consumer

Staples

Distribution

&

Retail)

1,671

161,586

The

Clorox

Co.

(Household

Products)

63,893

The

Coca-Cola

Co.

(Beverages)

5,390

391,045

The

Estee

Lauder

Cos.,

Inc.

(Personal

Care

Products)

854

51,206

Common

Stocks

(74.9%),

continued

Shares

Value

The

Hershey

Co.

(Food

Products)

539

$

90,115

The

J.M.

Smucker

Co.

(Food

Products)

45,113

The

Kraft

Heinz

Co.

(Food

Products)

3,182

92,596

The

Kroger

Co.

(Consumer

Staples

Distribution

&

Retail)

2,428

175,326

The

Procter

&

Gamble

Co.

(Household

Products)

3,264

530,628

Tyson

Foods,

Inc.

-

Class

A

(Food

Products)

1,044

63,935

Walgreens

Boots

Alliance,

Inc.

(Consumer

Staples

Distribution

&

Retail)

2,616

28,698

Walmart,

Inc.

(Consumer

Staples

Distribution

&

Retail)

6,039

587,293

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $4,806,037)

5,998,251

Repurchase

Agreements

(a) (b) (13

.5

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$1,082,127

$

1,082,000

1,082,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$1,082,000)

1,082,000

TOTAL

INVESTMENT

SECURITIES

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

$5,888,037)— 88.4%

7,080,251

Net

other

assets

(liabilities)

—

.6

%

933,141

NET

ASSETS

—

100.0%

$

8,013,392

\*

Non-income

producing

security.

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$650,000.

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

5/23/25

5.08%

$

1,801,010

$

3,105

S&P

Consumer

Staples

Select

Sector

Index

UBS

AG

5/23/25

5.13%

4,237,914

$6,038,924

$3,547

(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

April

30,

2025,

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

::

April

30,

2025

(unaudited)

Consumer

Staples

UltraSector

ProFund

Consumer

Staples

UltraSector

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Beverages

$

1,119,651

14.0%

Consumer

Staples

Distribution

&

Retail

1,830,356

22.8%

Food

Products

1,082,933

13.5%

Household

Products

1,109,512

13.9%

Personal

Care

Products

216,264

2.7%

Tobacco

639,535

8.0%

Other

\*\*

2,015,141

.1

%

Total

$

8,013,392

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.

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Energy

UltraSector

ProFund

Common

Stocks

(78

.2

%)

Shares

Value

APA

Corp.

(Oil,

Gas

&

Consumable

Fuels)

10,902

$

169,417

Baker

Hughes

Co.

(Energy

Equipment

&

Services)

29,179

1,032,937

Chevron

Corp.

(Oil,

Gas

&

Consumable

Fuels)

42,787

5,821,599

ConocoPhillips

(Oil,

Gas

&

Consumable

Fuels)

32,668

2,911,372

Coterra

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

21,703

533,026

Devon

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

19,359

588,707

Diamondback

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

5,507

726,979

EOG

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

15,032

1,658,481

EQT

Corp.

(Oil,

Gas

&

Consumable

Fuels)

17,584

869,353

Expand

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

6,197

643,868

Exxon

Mobil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

87,489

9,241,464

Halliburton

Co.

(Energy

Equipment

&

Services)

25,583

507,055

Hess

Corp.

(Oil,

Gas

&

Consumable

Fuels)

8,145

1,051,112

Kinder

Morgan,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

56,969

1,498,285

Marathon

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

9,313

1,279,699

Occidental

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

19,910

784,653

ONEOK,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

18,284

1,502,213

Phillips

(Oil,

Gas

&

Consumable

Fuels)

12,171

1,266,514

Schlumberger

N.V.

(Energy

Equipment

&

Services)

41,283

1,372,659

Targa

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

6,426

1,098,203

Texas

Pacific

Land

Corp.

(Oil,

Gas

&

Consumable

Fuels)

555

715,323

Common

Stocks

(78.2%),

continued

Shares

Value

The

Williams

Cos.,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

33,180

$

1,943,353

Valero

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

9,330

1,083,120

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $32,780,267)

38,299,392

Repurchase

Agreements

(a)(b) (34.7%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$17,021,999

$

17,020,000

17,020,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$17,020,000)

17,020,000

TOTAL

INVESTMENT

SECURITIES

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

$49,800,267)— 112.9%

55,319,392

Net

other

assets

(liabilities)

—

(12

.9)

%

(6,309,211)

NET

ASSETS

—

100.0%

$

49,010,181

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$9,701,000.

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

5/23/25

5.08%

$

23,723,484

$

(148,756)

S&P

Energy

Select

Sector

Index

UBS

AG

5/23/25

5.13%

11,812,583

(307,705)

$35,536,067

$(456,461)

(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

April

30,

2025,

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).

Energy

UltraSector

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Energy

Equipment

&

Services

$

2,912,651

6.0%

Oil,

Gas

&

Consumable

Fuels

35,386,741

72.2%

Other

\*\*

10,710,789

.8

%

Total

$

49,010,181

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

::

April

30,

2025

(unaudited)

Europe

ProFund

Common

Stocks

(99.4%)

Shares

Value

Anheuser-Busch

InBev

S.A./N.V.

ADR

(Beverages)

2,292

$

150,837

ArcelorMittal

SA

ADR

(Metals

&

Mining)

3,144

93,345

Argenx

SE

\*ADR(a)

(Biotechnology)

119,351

ARM

Holdings

PLC

\*ADR

(Semiconductors

&

Semiconductor

Equipment)

1,035

118,042

ASML

Holding

N.V.

ADRNYS

(Semiconductors

&

Semiconductor

Equipment)

98,876

AstraZeneca

PLC

ADR

(Pharmaceuticals)

1,331

95,552

Barclays

PLC

ADR(a)

(Banks)

6,545

105,113

BioNTech

SE

\*ADR

(Biotechnology)

665

69,260

BP

PLC

ADR

(Oil,

Gas

&

Consumable

Fuels)

3,586

98,472

British

American

Tobacco

PLC

ADR

(Tobacco)

2,883

125,555

Diageo

PLC

ADR

(Beverages)

776

86,928

Equinor

ASA

ADR(a)

(Oil,

Gas

&

Consumable

Fuels)

4,214

93,930

GSK

PLC

ADR

(Pharmaceuticals)

2,920

116,362

Haleon

PLC

ADR

(Personal

Care

Products)

8,798

89,300

HSBC

Holdings

PLC

ADR(a)

(Banks)

3,142

176,202

ING

Groep

N.V.

ADR

(Banks)

5,693

110,273

Jumia

Technologies

AG

\*ADR

(Advertising

&

Marketing)

15,414

36,531

National

Grid

PLC

ADR

(Multi-Utilities)

1,589

115,997

Nokia

Oyj

ADR

(Communications

Equipment)

16,893

84,296

Novo

Nordisk

A/S

ADR

(Pharmaceuticals)

1,700

112,965

RELX

PLC

ADR

(Professional

Services)

2,329

127,233

Rio

Tinto

PLC

ADR

(Metals

&

Mining)

1,959

116,365

Ryanair

Holdings

PLC

ADR

(Passenger

Airlines)

1,701

81,410

Sanofi

S.A.

ADR

(Pharmaceuticals)

2,588

142,211

SAP

SE

ADR

(Software)

887

259,172

Shell

PLC

ADR

(Oil,

Gas

&

Consumable

Fuels)

1,848

119,159

Telefonaktiebolaget

LM

Ericsson

ADR

(Communications

Equipment)

9,426

77,670

Tenaris

S.A.

ADR

(Energy

Equipment

&

Services)

1,959

65,215

TotalEnergies

SE

ADR

(Oil,

Gas

&

Consumable

Fuels)

2,107

119,783

Vodafone

Group

PLC

ADR

(Wireless

Telecommunication

Services)

8,761

85,507

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $2,466,438)

3,290,912

Collateral

for

Securities

Loaned

(b) (12.1%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 4.37%

(c) 400,018

400,018

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $400,018)

400,018

TOTAL

INVESTMENT

SECURITIES

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

$2,866,456)— 111.5%

3,690,930

Net

other

assets

(liabilities) —

(11.5)%

(379,750)

NET

ASSETS

—

100.0%

$

3,311,180

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

April

30,

2025. The

total

value

of

securities

on

loan

as

of

April

30,

2025

was

$387,212.

(b) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

April

30,

2025. (c) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

April

30,

2025. ADR

American

Depositary

Receipt

NYS

New

York

Shares

Europe

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Advertising

&

Marketing

$

36,531

1.1%

Banks

391,590

11.8%

Beverages

237,764

7.2%

Biotechnology

188,611

5.7%

Communications

Equipment

161,966

4.9%

Energy

Equipment

&

Services

65,215

2.0%

Metals

&

Mining

209,710

6.3%

Multi-Utilities

115,997

3.5%

Oil,

Gas

&

Consumable

Fuels

431,344

13.0%

Passenger

Airlines

81,410

2.5%

Personal

Care

Products

89,300

2.7%

Pharmaceuticals

467,090

14.1%

Professional

Services

127,233

3.8%

Semiconductors

&

Semiconductor

Equipment

216,918

6.6%

Software

259,172

7.8%

Tobacco

125,554

3.8%

Wireless

Telecommunication

Services

85,507

2.6%

Other

\*\*

20,268

0.6%

Total

$

3,311,180

100.0%

Europe

ProFund

invested

in

securities

with

exposure

to

the

following

countries

as

or

April

30,

2025:

Value

%

of

Net

Assets

Belgium

$

150,836

4.6%

Denmark

112,965

3.4%

Finland

84,296

2.6%

France

261,994

7.9%

Germany

364,963

11.0%

Ireland

81,410

2.5%

Luxembourg

158,560

4.8%

Netherlands

328,501

9.9%

Norway

93,930

2.8%

Sweden

77,670

2.3%

United

Kingdom

1,575,787

47.6%

Other

\*\*

20,268

0.6%

Total

$

3,311,180

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.

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Falling

U.S.

Dollar

ProFund

Repurchase

Agreements

(a)(b) (97.6%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$4,203,494

$

4,203,000

$

4,203,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$4,203,000)

4,203,000

TOTAL

INVESTMENT

SECURITIES

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

$9,154,839)— 215.7%

9,279,885

Net

other

assets

(liabilities) —

(115.7)%

(4,974,338)

NET

ASSETS

—

100.0%

$

4,305,547

(a) The

ProFund

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.

(b) 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

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$14,000.

As

of

April

30,

2025,

the

Falling

U.S.

Dollar

ProFund'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

$

27,747

British

pound

20,900

05/16/25

$

27,851

$

(104) U.S.

dollar

21,988

Canadian

dollar

30,435

05/16/25

22,099

(111) U.S.

dollar

154,011

Euro

135,084

05/16/25

153,162

849

U.S.

dollar

35,519

Japanese

yen

5,040,492

05/16/25

35,324

U.S.

dollar

12,543

Swedish

krona

121,455

05/16/25

12,588

(45) U.S.

dollar

9,464

Swiss

franc

7,717

05/16/25

9,373

Total

Short

Contracts

$

261,272

$

260,397

$875

Description

and

amount

of

currency

purchased

Description

and

amount

of

currency

sold

Delivery

Date

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Long:

British

pound

219,062

U.S.

dollar

$

286,124

05/16/25

$

291,916

$

5,792

Canadian

dollar

335,718

U.S.

dollar

238,238

05/16/25

243,764

5,526

Euro

1,137,904

U.S.

dollar

1,265,453

05/16/25

1,290,186

24,733

Japanese

yen

40,684,253

U.S.

dollar

279,945

05/16/25

285,119

5,174

Swedish

krona

894,372

U.S.

dollar

91,243

05/16/25

92,693

1,450

Swiss

franc

71,604

U.S.

dollar

84,446

05/16/25

86,968

2,522

Total

Long

Contracts

$

2,245,449

$

2,290,646

$

45,197

As

of

April

30,

2025,

the

Falling

U.S.

Dollar

ProFund'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)

Short:

U.S.

dollar

$

49,877

British

pound

37,859

05/16/25

$

50,450

$

(573) U.S.

dollar

39,534

Canadian

dollar

55,325

05/16/25

40,171

(637) U.S.

dollar

278,008

Euro

247,290

05/16/25

280,384

(2,376)

U.S.

dollar

60,590

Japanese

yen

8,711,566

05/16/25

61,051

(461) U.S.

dollar

18,911

Swedish

krona

183,555

05/16/25

19,024

(113) U.S.

dollar

18,071

Swiss

franc

15,061

05/16/25

18,293

(222) Total

Short

Contracts

$

464,991

$

469,373

$(4,382)

Long:

British

pound

227,146

U.S.

dollar

$

296,121

05/16/25

$

302,689

$

6,568

Canadian

dollar

299,044

U.S.

dollar

211,276

05/16/25

217,135

5,859

Euro

1,451,184

U.S.

dollar

1,596,130

05/16/25

1,645,391

49,261

Japanese

yen

57,340,935

U.S.

dollar

390,360

05/16/25

401,850

11,490

Swedish

krona

1,172,942

U.S.

dollar

118,864

05/16/25

121,564

2,700

Swiss

franc

80,366

U.S.

dollar

93,639

05/16/25

97,610

3,971

Total

Long

Contracts

$

2,706,390

$

2,786,239

$

79,849

Total

unrealized

appreciation

$126,181

Total

unrealized

(depreciation)

(4,642)

Total

net

unrealized

appreciation/(depreciation)

$121,539

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Financials

UltraSector

ProFund

Common

Stocks

(77.9%)

Shares

Value

Aflac,

Inc.

(Insurance)

1,446

$

157,151

Allstate

Corp.

(Insurance)

774

153,554

American

Express

Co.

(Consumer

Finance)

1,622

432,117

American

International

Group,

Inc.

(Insurance)

1,734

141,356

Ameriprise

Financial,

Inc.

(Capital

Markets)

132,357

Aon

PLC

-

Class

A

(Insurance)

632

224,227

Apollo

Global

Management,

Inc.

(Financial

Services)

1,306

178,243

Arch

Capital

Group,

Ltd.

\*

(Insurance)

1,095

99,295

Arthur

J. Gallagher

&

Co.

(Insurance)

743

238,273

Assurant,

Inc.

(Insurance)

28,911

Bank

of

America

Corp.

(Banks)

19,348

771,598

Berkshire

Hathaway,

Inc.

\*

-

Class

B

(Financial

Services)

5,356

2,856,088

BlackRock,

Inc.

(Capital

Markets)

388,561

Blackstone,

Inc.

(Capital

Markets)

2,139

281,728

Brown

&

Brown,

Inc.

(Insurance)

693

76,646

Capital

One

Financial

Corp.

(Consumer

Finance)

1,114

200,810

Cboe

Global

Markets,

Inc.

(Capital

Markets)

67,871

Chubb,

Ltd.

(Insurance)

1,089

311,541

Cincinnati

Financial

Corp.

(Insurance)

63,619

Citigroup,

Inc.

(Banks)

5,485

375,064

Citizens

Financial

Group,

Inc.

(Banks)

1,277

47,109

CME

Group,

Inc.

(Capital

Markets)

1,053

291,765

Corpay,

Inc.

\*

(Software)

66,375

Discover

Financial

Services

(Consumer

Finance)

733

133,897

Erie

Indemnity

Co.

-

Class

A

(Insurance)

26,179

Everest

Group,

Ltd.

(Insurance)

45,213

FactSet

Research

Systems,

Inc.

(Capital

Markets)

47,976

Fidelity

National

Information

Services,

Inc.

(Financial

Services)

1,548

122,106

Fifth

Third

Bancorp

(Banks)

1,957

70,335

First

Horizon

Corp.

(Banks)

Fiserv,

Inc.

\*

(Financial

Services)

1,662

306,755

Franklin

Resources,

Inc.

(Capital

Markets)

906

16,997

Global

Payments,

Inc.

(Financial

Services)

724

55,248

Globe

Life,

Inc.

(Insurance)

30,218

Huntington

Bancshares,

Inc.

(Banks)

4,248

61,723

Intercontinental

Exchange,

Inc.

(Capital

Markets)

1,679

282,022

Invesco,

Ltd.

(Capital

Markets)

1,309

18,234

Jack

Henry

&

Associates,

Inc.

(Financial

Services)

36,941

JPMorgan

Chase

&

Co.

(Banks)

8,170

1,998,545

KeyCorp

(Banks)

2,911

43,199

KKR

&

Co.,

Inc.

(Capital

Markets)

1,972

225,340

Loews

Corp.

(Insurance)

516

44,804

M&T

Bank

Corp.

(Banks)

82,334

MarketAxess

Holdings,

Inc.

(Capital

Markets)

24,375

Marsh

&

McLennan

Cos.,

Inc.

(Insurance)

1,435

323,549

MasterCard,

Inc.

-

Class

A

(Financial

Services)

2,380

1,304,383

MetLife,

Inc.

(Insurance)

1,692

127,526

Moody's

Corp.

(Capital

Markets)

204,810

Common

Stocks

(77.9%),

continued

Shares

Value

Morgan

Stanley

(Capital

Markets)

3,616

$

417,358

MSCI,

Inc.

(Capital

Markets)

123,740

Nasdaq,

Inc.

(Capital

Markets)

1,209

92,138

Northern

Trust

Corp.

(Capital

Markets)

573

53,851

PayPal

Holdings,

Inc.

\*

(Financial

Services)

2,891

190,343

PNC

Financial

Services

Group,

Inc.

(Banks)

1,157

185,918

Principal

Financial

Group,

Inc.

(Insurance)

615

45,602

Prudential

Financial,

Inc.

(Insurance)

1,034

106,202

Raymond

James

Financial,

Inc.

(Capital

Markets)

539

73,865

Regions

Financial

Corp.

(Banks)

2,656

54,209

S&P

Global,

Inc.

(Capital

Markets)

920

460,045

State

Street

Corp.

(Capital

Markets)

843

74,268

Synchrony

Financial

(Consumer

Finance)

1,136

59,015

T. Rowe

Price

Group,

Inc.

(Capital

Markets)

651

57,646

The

Bank

of

New

York

Mellon

Corp.

(Capital

Markets)

2,097

168,620

The

Charles

Schwab

Corp.

(Capital

Markets)

4,979

405,291

The

Goldman

Sachs

Group,

Inc.

(Capital

Markets)

912

499,365

The

Hartford

Financial

Services

Group,

Inc.

(Insurance)

840

103,043

The

Progressive

Corp.

(Insurance)

1,712

482,339

The

Travelers

Cos.,

Inc.

(Insurance)

662

174,854

Truist

Financial

Corp.

(Banks)

3,846

147,456

U.S.

Bancorp

(Banks)

4,558

183,870

Visa,

Inc.

-

Class

A

(Financial

Services)

5,036

1,739,939

W.R.

Berkley

Corp.

(Insurance)

877

62,872

Wells

Fargo

&

Co.

(Banks)

9,610

682,406

Willis

Towers

Watson

PLC

(Insurance)

89,878

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $14,534,311)

19,951,114

Repurchase

Agreements

(a)(b) (20.1%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$5,132,603

$

5,132,000

5,132,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$5,132,000)

5,132,000

TOTAL

INVESTMENT

SECURITIES

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

$19,666,311)— 98.0%

25,083,114

Net

other

assets

(liabilities) —

2.0%

508,809

NET

ASSETS

—

100.0%

$

25,591,923

\*

Non-income

producing

security.

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$3,087,000.

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

5/23/25

5.08%

$

8,575,201

$

177,046

S&P

Financial

Select

Sector

Index

UBS

AG

5/23/25

5.13%

9,969,430

176,628

$18,544,631

$353,674

(1) Agreements

may

be

terminated

at

will

by

either

party

without

penalty. Payment

is

due

at

termination/maturity.

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Financials

UltraSector

ProFund

(2) Reflects

the

floating

financing

rate,

as

of

April

30,

2025,

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).

Financials

UltraSector

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Banks

$

4,703,779

18.4%

Capital

Markets

4,408,223

17.2%

Consumer

Finance

825,839

3.2%

Financial

Services

6,790,045

26.5%

Insurance

3,156,852

12.3%

Software

66,376

0.3%

Other

\*\*

5,640,809

22.1%

Total

$

25,591,923

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

::

April

30,

2025

(unaudited)

Health

Care

UltraSector

ProFund

Common

Stocks

(74.1%)

Shares

Value

Abbott

Laboratories

(Health

Care

Equipment

&

Supplies)

4,189

$

547,713

AbbVie,

Inc.

(Biotechnology)

4,262

831,516

Agilent

Technologies,

Inc.

(Life

Sciences

Tools

&

Services)

689

74,136

Align

Technology,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

29,288

Amgen,

Inc.

(Biotechnology)

1,297

377,323

Baxter

International,

Inc.

(Health

Care

Equipment

&

Supplies)

1,233

38,433

Becton,

Dickinson

&

Co.

(Health

Care

Equipment

&

Supplies)

693

143,513

Biogen,

Inc.

\*

(Biotechnology)

42,741

Bio-Techne

Corp.

(Life

Sciences

Tools

&

Services)

19,234

Boston

Scientific

Corp.

\*

(Health

Care

Equipment

&

Supplies)

3,558

366,011

Bristol-Myers

Squibb

Co.

(Pharmaceuticals)

4,898

245,880

Cardinal

Health,

Inc.

(Health

Care

Providers

&

Services)

584

82,513

Cencora,

Inc.

(Health

Care

Providers

&

Services)

122,043

Centene

Corp.

\*

(Health

Care

Providers

&

Services)

1,197

71,640

Charles

River

Laboratories

International,

Inc.

\*

(Life

Sciences

Tools

&

Services)

14,590

CVS

Health

Corp.

(Health

Care

Providers

&

Services)

3,043

202,999

Danaher

Corp.

(Life

Sciences

Tools

&

Services)

1,545

307,965

DaVita,

Inc.

\*

(Health

Care

Providers

&

Services)

15,004

Dexcom,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

943

67,311

Edwards

LifeSciences

Corp.

\*

(Health

Care

Equipment

&

Supplies)

1,423

107,422

Elevance

Health,

Inc.

(Health

Care

Providers

&

Services)

560

235,525

Eli

Lilly

&

Co.

(Pharmaceuticals)

1,901

1,708,904

GE

HealthCare

Technologies,

Inc.

(Health

Care

Equipment

&

Supplies)

1,104

77,644

Gilead

Sciences,

Inc.

(Biotechnology)

3,009

320,579

HCA

Healthcare,

Inc.

(Health

Care

Providers

&

Services)

149,075

Henry

Schein,

Inc.

\*

(Health

Care

Providers

&

Services)

19,556

Hologic,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

542

31,544

Humana,

Inc.

(Health

Care

Providers

&

Services)

76,312

IDEXX

Laboratories,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

85,665

Incyte

Corp.

\*

(Biotechnology)

24,312

Insulet

Corp.

\*

(Health

Care

Equipment

&

Supplies)

42,637

Intuitive

Surgical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

861

444,104

IQVIA

Holdings,

Inc.

\*

(Life

Sciences

Tools

&

Services)

62,648

Johnson

&

Johnson

(Pharmaceuticals)

5,812

908,474

Labcorp

Holdings,

Inc.

(Health

Care

Providers

&

Services)

48,443

McKesson

Corp.

(Health

Care

Providers

&

Services)

215,975

Medtronic

PLC

(Health

Care

Equipment

&

Supplies)

3,096

262,417

Merck

&

Co.,

Inc.

(Pharmaceuticals)

6,108

520,402

Mettler-Toledo

International,

Inc.

\*

(Life

Sciences

Tools

&

Services)

53,529

Common

Stocks

(74.1%),

continued

Shares

Value

Moderna,

Inc.

\*

(Biotechnology)

818

$

23,346

Molina

Healthcare,

Inc.

\*

(Health

Care

Providers

&

Services)

43,819

Pfizer,

Inc.

(Pharmaceuticals)

13,684

334,026

Quest

Diagnostics,

Inc.

(Health

Care

Providers

&

Services)

47,763

Regeneron

Pharmaceuticals,

Inc.

\*

(Biotechnology)

152,085

ResMed,

Inc.

(Health

Care

Equipment

&

Supplies)

83,989

Revvity,

Inc.

(Life

Sciences

Tools

&

Services)

27,468

Solventum

Corp.

\*

(Health

Care

Equipment

&

Supplies)

22,084

STERIS

PLC

(Health

Care

Equipment

&

Supplies)

53,263

Stryker

Corp.

(Health

Care

Equipment

&

Supplies)

829

309,980

The

Cigna

Group

(Health

Care

Providers

&

Services)

661

224,766

The

Cooper

Cos.,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

39,365

Thermo

Fisher

Scientific,

Inc.

(Life

Sciences

Tools

&

Services)

923

395,968

UnitedHealth

Group,

Inc.

(Health

Care

Providers

&

Services)

2,222

914,221

Universal

Health

Services,

Inc.

-

Class

B

(Health

Care

Providers

&

Services)

25,144

Vertex

Pharmaceuticals,

Inc.

\*

(Biotechnology)

620

315,890

Viatris,

Inc.

(Pharmaceuticals)

2,882

24,266

Waters

Corp.

\*

(Life

Sciences

Tools

&

Services)

49,725

West

Pharmaceutical

Services,

Inc.

(Life

Sciences

Tools

&

Services)

36,976

Zimmer

Biomet

Holdings,

Inc.

(Health

Care

Equipment

&

Supplies)

49,567

Zoetis,

Inc.

(Pharmaceuticals)

1,081

169,068

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $5,160,456)

12,337,799

Repurchase

Agreements

(a)(b) (19.8%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$3,304,388

$

3,304,000

3,304,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$3,304,000)

3,304,000

TOTAL

INVESTMENT

SECURITIES

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

$8,464,456)— 93.9%

15,641,799

Net

other

assets

(liabilities) —

6.1%

1,014,418

NET

ASSETS

—

100.0%

$

16,656,217

\*

Non-income

producing

security.

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$2,022,000.

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

5/23/25

5.08%

$

4,882,908

$

154,077

S&P

Health

Care

Select

Sector

Index

UBS

AG

5/23/25

4.83%

7,804,136

163,845

$12,687,044

$317,922

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Health

Care

UltraSector

ProFund

(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

April

30,

2025,

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).

Health

Care

UltraSector

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Biotechnology

$

2,087,792

12.5%

Health

Care

Equipment

&

Supplies

2,801,950

16.8%

Health

Care

Providers

&

Services

2,494,798

15.0%

Life

Sciences

Tools

&

Services

1,042,239

6.3%

Pharmaceuticals

3,911,020

23.5%

Other

\*\*

4,318,418

25.9%

Total

$

16,656,217

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

::

April

30,

2025

(unaudited)

Industrials

UltraSector

ProFund

Common

Stocks

(73.9%)

Shares

Value

3M

Co.

(Industrial

Conglomerates)

514

$

71,400

A.O.

Smith

Corp.

(Building

Products)

7,600

Allegion

PLC

(Building

Products)

11,414

AMETEK,

Inc.

(Electrical

Equipment)

37,138

Automatic

Data

Processing,

Inc.

(Professional

Services)

115,732

Axon

Enterprise,

Inc.

\*

(Aerospace

&

Defense)

42,318

Broadridge

Financial

Solutions,

Inc.

(Professional

Services)

26,906

Builders

FirstSource,

Inc.

\*

(Building

Products)

13,040

C.H.

Robinson

Worldwide,

Inc.

(Air

Freight

&

Logistics)

9,993

Carrier

Global

Corp.

(Building

Products)

765

47,843

Caterpillar,

Inc.

(Machinery)

139,789

Cintas

Corp.

(Commercial

Services

&

Supplies)

68,584

Copart,

Inc.

\*

(Commercial

Services

&

Supplies)

829

50,594

CSX

Corp.

(Ground

Transportation)

1,826

51,256

Cummins,

Inc.

(Machinery)

38,199

Dayforce,

Inc.

\*

(Professional

Services)

8,738

Deere

&

Co.

(Machinery)

111,254

Delta

Air

Lines,

Inc.

(Passenger

Airlines)

608

25,311

Dover

Corp.

(Machinery)

22,185

Eaton

Corp.

PLC

(Electrical

Equipment)

110,094

Emerson

Electric

Co.

(Electrical

Equipment)

534

56,129

Equifax,

Inc.

(Professional

Services)

30,435

Expeditors

International

of

Washington,

Inc.

(Air

Freight

&

Logistics)

14,508

Fastenal

Co.

(Trading

Companies

&

Distributors)

543

43,967

FedEx

Corp.

(Air

Freight

&

Logistics)

44,169

Fortive

Corp.

(Machinery)

22,510

GE

Vernova,

Inc.

\*

(Electrical

Equipment)

96,784

Generac

Holdings,

Inc.

\*

(Electrical

Equipment)

6,405

General

Dynamics

Corp.

(Aerospace

&

Defense)

65,309

General

Electric

Co.

(Industrial

Conglomerates)

1,015

204,563

Honeywell

International,

Inc.

(Industrial

Conglomerates)

616

129,668

Howmet

Aerospace,

Inc.

(Aerospace

&

Defense)

53,076

Hubbell,

Inc.

(Electrical

Equipment)

18,522

Huntington

Ingalls

Industries,

Inc.

(Aerospace

&

Defense)

8,523

IDEX

Corp.

(Machinery)

12,526

Illinois

Tool

Works,

Inc.

(Machinery)

60,697

Ingersoll

Rand,

Inc.

(Machinery)

28,739

J.B.

Hunt

Transport

Services,

Inc.

(Ground

Transportation)

9,794

Jacobs

Solutions,

Inc.

(Professional

Services)

14,361

Johnson

Controls

International

PLC

(Building

Products)

625

52,438

L3Harris

Technologies,

Inc.

(Aerospace

&

Defense)

39,164

Leidos

Holdings,

Inc.

(Professional

Services)

18,250

Lennox

International,

Inc.

(Building

Products)

16,403

Lockheed

Martin

Corp.

(Aerospace

&

Defense)

94,594

Masco

Corp.

(Building

Products)

12,183

Nordson

Corp.

(Machinery)

9,668

Norfolk

Southern

Corp.

(Ground

Transportation)

47,947

Northrop

Grumman

Corp.

(Aerospace

&

Defense)

62,759

Old

Dominion

Freight

Line,

Inc.

(Ground

Transportation)

27,284

Otis

Worldwide

Corp.

(Machinery)

36,101

PACCAR,

Inc.

(Machinery)

44,744

Parker-Hannifin

Corp.

(Machinery)

73,817

Paychex,

Inc.

(Professional

Services)

44,577

Paycom

Software,

Inc.

(Professional

Services)

10,188

Pentair

PLC

(Machinery)

14,154

Quanta

Services,

Inc.

(Construction

&

Engineering)

40,977

Raytheon

Technologies

Corp.

(Aerospace

&

Defense)

1,260

158,923

Republic

Services,

Inc.

(Commercial

Services

&

Supplies)

48,144

Rockwell

Automation,

Inc.

(Electrical

Equipment)

26,502

Rollins,

Inc.

(Commercial

Services

&

Supplies)

15,197

Snap-on,

Inc.

(Machinery)

15,691

Common

Stocks

(73.9%),

continued

Shares

Value

Southwest

Airlines

Co.

(Passenger

Airlines)

561

$

15,686

Stanley

Black

&

Decker,

Inc.

(Machinery)

8,763

Textron,

Inc.

(Aerospace

&

Defense)

12,174

The

Boeing

Co.

\*

(Aerospace

&

Defense)

711

130,283

Trane

Technologies

PLC

(Building

Products)

81,261

TransDigm

Group,

Inc.

(Aerospace

&

Defense)

74,892

Uber

Technologies,

Inc.

\*

(Ground

Transportation)

1,977

160,156

Union

Pacific

Corp.

(Ground

Transportation)

572

123,357

United

Airlines

Holdings,

Inc.

\*

(Passenger

Airlines)

21,403

United

Parcel

Service,

Inc.

-

Class

B

(Air

Freight

&

Logistics)

692

65,948

United

Rentals,

Inc.

(Trading

Companies

&

Distributors)

39,150

Veralto

Corp.

(Commercial

Services

&

Supplies)

22,441

Verisk

Analytics,

Inc.

(Professional

Services)

39,722

W.W.

Grainger,

Inc.

(Trading

Companies

&

Distributors)

43,021

Wabtec

Corp.

(Machinery)

29,928

Waste

Management,

Inc.

(Commercial

Services

&

Supplies)

80,742

Xylem,

Inc.

(Machinery)

27,731

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,698,730)

3,816,436

Repurchase

Agreements

(a)(b) (26.0%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$1,341,157

$

1,341,000

1,341,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$1,341,000)

1,341,000

TOTAL

INVESTMENT

SECURITIES

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

$3,039,730)— 99.9%

5,157,436

Net

other

assets

(liabilities) —

0.1%

5,965

NET

ASSETS

—

100.0%

$

5,163,401

\*

Non-income

producing

security.

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$722,000.

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Industrials

UltraSector

ProFund

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

5/23/25

5.08%

$

1,852,892

$

71,364

S&P

Industrials

Select

Sector

Index

UBS

AG

5/23/25

5.13%

2,112,482

85,875

$3,965,374

$157,239

(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

April

30,

2025,

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).

Industrials

UltraSector

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

742,016

14.4%

Air

Freight

&

Logistics

134,618

2.6%

Building

Products

242,182

4.7%

Commercial

Services

&

Supplies

285,702

5.5%

Construction

&

Engineering

40,976

0.8%

Electrical

Equipment

351,574

6.8%

Ground

Transportation

419,794

8.1%

Industrial

Conglomerates

405,631

7.9%

Machinery

696,497

13.5%

Passenger

Airlines

62,399

1.2%

Professional

Services

308,909

6.0%

Trading

Companies

&

Distributors

126,138

2.4%

Other

\*\*

1,346,965

26.1%

Total

$

5,163,401

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

::

April

30,

2025

(unaudited)

Internet

UltraSector

ProFund

Common

Stocks

(79.0%)

Shares

Value

Airbnb,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

15,430

$

1,881,226

Akamai

Technologies,

Inc.

\*

(IT

Services)

5,356

431,586

Alphabet,

Inc.

-

Class

A

(Interactive

Media

&

Services)

23,720

3,766,736

Alphabet,

Inc.

-

Class

C

(Interactive

Media

&

Services)

19,225

3,093,110

Amazon.com,

Inc.

\*

(Broadline

Retail)

36,262

6,687,438

Arista

Networks,

Inc.

\*

(Communications

Equipment)

36,827

3,029,757

Atlassian

Corp.

\*

-

Class

A

(Software)

5,846

1,334,700

Booking

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

738

3,763,269

Box,

Inc.

\*

-

Class

A

(Software)

5,123

159,940

Carvana

Co.

\*

(Specialty

Retail)

4,215

1,029,935

Ciena

Corp.

\*

(Communications

Equipment)

5,067

340,300

Cisco

Systems,

Inc.

(Communications

Equipment)

53,683

3,099,120

Cloudflare,

Inc.

\*

-

Class

A

(IT

Services)

10,977

1,325,802

Confluent,

Inc.

\*

-

Class

A

(Software)

9,201

219,076

Copart,

Inc.

\*

(Commercial

Services

&

Supplies)

31,259

1,907,737

Datadog,

Inc.

\*

-

Class

A

(Software)

11,166

1,140,719

DocuSign,

Inc.

\*

(Software)

7,202

588,764

DoorDash,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

12,084

2,330,883

DraftKings,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

17,467

581,476

Dropbox,

Inc.

\*

-

Class

A

(Software)

7,718

220,349

eBay,

Inc.

(Broadline

Retail)

17,077

1,163,968

F5,

Inc.

\*

(Communications

Equipment)

2,054

543,776

Flutter

Entertainment

PLC

\*

(Hotels,

Restaurants

&

Leisure)

6,350

1,530,287

GoDaddy,

Inc.

\*

-

Class

A

(IT

Services)

5,034

948,053

HubSpot,

Inc.

\*

(Software)

1,859

1,136,779

Juniper

Networks,

Inc.

(Communications

Equipment)

11,804

428,721

MARA

Holdings,

Inc.

\*

(Software)

12,099

161,764

Meta

Platforms,

Inc.

-

Class

A

(Interactive

Media

&

Services)

11,642

6,391,458

Netflix,

Inc.

\*

(Entertainment)

6,951

7,866,586

Nutanix,

Inc.

\*

-

Class

A

(Software)

8,883

610,262

Okta,

Inc.

\*

(IT

Services)

5,833

654,229

Common

Stocks

(79.0%),

continued

Shares

Value

Paycom

Software,

Inc.

(Professional

Services)

1,679

$

380,109

PayPal

Holdings,

Inc.

\*

(Financial

Services)

35,267

2,321,979

ROBLOX

Corp.

\*

-

Class

A

(Entertainment)

19,389

1,300,032

Salesforce,

Inc.

(Software)

15,552

4,178,977

Snowflake,

Inc.

\*

-

Class

A

(IT

Services)

11,768

1,876,879

Veeva

Systems,

Inc.

\*

-

Class

A

(Health

Care

Technology)

5,325

1,244,399

VeriSign,

Inc.

\*

(IT

Services)

2,900

818,148

Workday,

Inc.

\*

-

Class

A

(Software)

7,629

1,869,104

Zoom

Video

Communications,

Inc.

\*

(Software)

9,344

724,534

ZoomInfo

Technologies,

Inc.

\*

(Interactive

Media

&

Services)

9,671

82,784

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $33,527,486)

73,164,751

Repurchase

Agreements

(a)(b) (19.8%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$18,360,156

$

18,358,000

18,358,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$18,358,000)

18,358,000

TOTAL

INVESTMENT

SECURITIES

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

$51,885,486)— 98.8%

91,522,751

Net

other

assets

(liabilities) —

1.2%

1,068,686

NET

ASSETS

—

100.0%

$

92,591,437

\*

Non-income

producing

security.

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$12,053,000.

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

Dow

Jones

Composite

Internet

Index

Goldman

Sachs

International

5/23/25

5.08%

$

32,186,856

$

2,017,615

Dow

Jones

Composite

Internet

Index

UBS

AG

5/23/25

5.13%

33,360,655

2,060,009

$65,547,511

$4,077,624

(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

April

30,

2025,

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).

Internet

UltraSector

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Broadline

Retail

$

7,851,407

8.5%

Commercial

Services

&

Supplies

1,907,737

2.1%

Communications

Equipment

7,441,674

8.0%

Entertainment

9,166,618

9.9%

Financial

Services

2,321,979

2.5%

Value

%

of

Net

Assets

Health

Care

Technology

$

1,244,399

1.3%

Hotels,

Restaurants

&

Leisure

10,087,140

10.9%

Interactive

Media

&

Services

13,334,088

14.4%

IT

Services

6,054,697

6.6%

Professional

Services

380,109

0.4%

Software

12,344,968

13.3%

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Internet

UltraSector

ProFund

Value

%

of

Net

Assets

Specialty

Retail

$

1,029,935

1.1%

Other

\*\*

19,426,686

21.0%

Total

$

92,591,437

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

::

April

30,

2025

(unaudited)

Large-Cap

Growth

ProFund

Common

Stocks

(99.9%)

Shares

Value

AbbVie,

Inc.

(Biotechnology)

1,580

$

308,257

Adobe,

Inc.

\*

(Software)

145,867

Airbnb,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

922

112,410

Allegion

PLC

(Building

Products)

13,642

Alphabet,

Inc.

-

Class

A

(Interactive

Media

&

Services)

12,429

1,973,725

Alphabet,

Inc.

-

Class

C

(Interactive

Media

&

Services)

10,072

1,620,484

Altria

Group,

Inc.

(Tobacco)

1,660

98,189

Amazon.com,

Inc.

\*

(Broadline

Retail)

11,658

2,149,968

American

Express

Co.

(Consumer

Finance)

1,183

315,163

Ameriprise

Financial,

Inc.

(Capital

Markets)

96,559

AMETEK,

Inc.

(Electrical

Equipment)

39,173

Amgen,

Inc.

(Biotechnology)

143,133

Amphenol

Corp.

-

Class

A

(Electronic

Equipment,

Instruments

&

Components)

2,580

198,531

ANSYS,

Inc.

\*

(Software)

26,394

Aon

PLC

-

Class

A

(Insurance)

83,376

Apollo

Global

Management,

Inc.

(Financial

Services)

952

129,929

Apple,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

14,724

3,128,850

Applied

Materials,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

727

109,566

Arch

Capital

Group,

Ltd.

\*

(Insurance)

798

72,363

Arista

Networks,

Inc.

\*

(Communications

Equipment)

2,200

180,994

Arthur

J. Gallagher

&

Co.

(Insurance)

78,248

Autodesk,

Inc.

\*

(Software)

125,607

Automatic

Data

Processing,

Inc.

(Professional

Services)

148,497

AutoZone,

Inc.

\*

(Specialty

Retail)

135,454

AvalonBay

Communities,

Inc.

(Residential

REITs)

27,927

Axon

Enterprise,

Inc.

\*

(Aerospace

&

Defense)

95,062

Berkshire

Hathaway,

Inc.

\*

-

Class

B

(Financial

Services)

1,914

1,020,641

Booking

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

362,050

Boston

Scientific

Corp.

\*

(Health

Care

Equipment

&

Supplies)

3,140

323,012

Broadcom,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

9,987

1,922,198

Broadridge

Financial

Solutions,

Inc.

(Professional

Services)

26,664

Brown

&

Brown,

Inc.

(Insurance)

506

55,964

Builders

FirstSource,

Inc.

\*

(Building

Products)

15,193

Cadence

Design

Systems,

Inc.

\*

(Software)

95,575

Camden

Property

Trust

(Residential

REITs)

13,087

Carnival

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

2,232

40,935

Carrier

Global

Corp.

(Building

Products)

825

51,596

Caterpillar,

Inc.

(Machinery)

1,018

314,837

CBRE

Group,

Inc.

\*

-

Class

A

(Real

Estate

Management

&

Development)

629

76,851

Chipotle

Mexican

Grill,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

2,887

145,852

Cincinnati

Financial

Corp.

(Insurance)

24,501

Cintas

Corp.

(Commercial

Services

&

Supplies)

731

154,738

Colgate-Palmolive

Co.

(Household

Products)

760

70,064

Constellation

Energy

Corp.

(Electric

Utilities)

667

149,034

Copart,

Inc.

\*

(Commercial

Services

&

Supplies)

1,867

113,943

Corpay,

Inc.

\*

(Software)

48,480

Costco

Wholesale

Corp.

(Consumer

Staples

Distribution

&

Retail)

946

940,797

Crowdstrike

Holdings,

Inc.

\*

-

Class

A

(Software)

525

225,157

CSX

Corp.

(Ground

Transportation)

1,889

53,024

Cummins,

Inc.

(Machinery)

86,095

Darden

Restaurants,

Inc.

(Hotels,

Restaurants

&

Leisure)

21,669

DaVita,

Inc.

\*

(Health

Care

Providers

&

Services)

13,306

Dayforce,

Inc.

\*

(Professional

Services)

19,502

Deckers

Outdoor

Corp.

\*

(Textiles,

Apparel

&

Luxury

Goods)

35,798

Deere

&

Co.

(Machinery)

110,327

Dell

Technologies,

Inc.

-

Class

C

(Technology

Hardware,

Storage

&

Peripherals)

28,629

Common

Stocks

(99.9%),

continued

Shares

Value

Delta

Air

Lines,

Inc.

(Passenger

Airlines)

1,366

$

56,867

Dexcom,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

25,483

Discover

Financial

Services

(Consumer

Finance)

535

97,728

Domino's

Pizza,

Inc.

(Hotels,

Restaurants

&

Leisure)

15,201

DoorDash,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

723

139,459

Dover

Corp.

(Machinery)

22,526

Eaton

Corp.

PLC

(Electrical

Equipment)

842

247,859

eBay,

Inc.

(Broadline

Retail)

683

46,553

Ecolab,

Inc.

(Chemicals)

66,126

Electronic

Arts,

Inc.

(Entertainment)

29,308

Eli

Lilly

&

Co.

(Pharmaceuticals)

1,679

1,509,336

Emerson

Electric

Co.

(Electrical

Equipment)

817

85,875

Equinix,

Inc.

(Specialized

REITs)

84,354

Erie

Indemnity

Co.

-

Class

A

(Insurance)

19,007

Essex

Property

Trust,

Inc.

(Residential

REITs)

18,424

Expedia

Group,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

41,116

Extra

Space

Storage,

Inc.

(Specialized

REITs)

29,744

F5,

Inc.

\*

(Communications

Equipment)

15,090

FactSet

Research

Systems,

Inc.

(Capital

Markets)

15,992

Fair

Isaac

Corp.

\*

(Software)

103,463

Fastenal

Co.

(Trading

Companies

&

Distributors)

696

56,355

First

Horizon

Corp.

(Banks)

First

Solar,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

15,224

Fiserv,

Inc.

\*

(Financial

Services)

1,213

223,883

Fortinet,

Inc.

\*

(Software)

1,355

140,595

Garmin,

Ltd.

(Household

Durables)

61,106

Gartner,

Inc.

\*

(IT

Services)

69,057

GE

Vernova,

Inc.

\*

(Electrical

Equipment)

588

218,042

Gen

Digital,

Inc.

(Software)

670

17,333

Generac

Holdings,

Inc.

\*

(Electrical

Equipment)

9,036

General

Electric

Co.

(Industrial

Conglomerates)

937

188,843

GoDaddy,

Inc.

\*

-

Class

A

(IT

Services)

56,499

HCA

Healthcare,

Inc.

(Health

Care

Providers

&

Services)

77,643

Hess

Corp.

(Oil,

Gas

&

Consumable

Fuels)

589

76,010

Hilton

Worldwide

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

513

115,671

Host

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

937

13,230

Howmet

Aerospace,

Inc.

(Aerospace

&

Defense)

863

119,595

Hubbell,

Inc.

(Electrical

Equipment)

41,766

Illinois

Tool

Works,

Inc.

(Machinery)

56,139

Incyte

Corp.

\*

(Biotechnology)

12,845

Ingersoll

Rand,

Inc.

(Machinery)

858

64,719

Insulet

Corp.

\*

(Health

Care

Equipment

&

Supplies)

37,844

Intercontinental

Exchange,

Inc.

(Capital

Markets)

637

106,997

International

Business

Machines

Corp.

(IT

Services)

1,970

476,386

Intuit,

Inc.

(Software)

597

374,600

Intuitive

Surgical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

760

392,007

Iron

Mountain,

Inc.

(Specialized

REITs)

625

56,044

Jack

Henry

&

Associates,

Inc.

(Financial

Services)

10,753

JPMorgan

Chase

&

Co.

(Banks)

3,396

830,730

KKR

&

Co.,

Inc.

(Capital

Markets)

632

72,219

KLA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

198,861

Las

Vegas

Sands

Corp.

(Hotels,

Restaurants

&

Leisure)

732

26,842

Leidos

Holdings,

Inc.

(Professional

Services)

21,488

Lennox

International,

Inc.

(Building

Products)

37,179

Live

Nation

Entertainment,

Inc.

\*

(Entertainment)

44,238

Lululemon

Athletica,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

29,785

Marriott

International,

Inc.

-

Class

A

(Hotels,

Restaurants

&

Leisure)

116,595

Marsh

&

McLennan

Cos.,

Inc.

(Insurance)

103,716

Martin

Marietta

Materials,

Inc.

(Construction

Materials)

35,631

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Large-Cap

Growth

ProFund

Common

Stocks

(99.9%),

continued

Shares

Value

Masco

Corp.

(Building

Products)

$

11,213

MasterCard,

Inc.

-

Class

A

(Financial

Services)

1,736

951,432

Meta

Platforms,

Inc.

-

Class

A

(Interactive

Media

&

Services)

4,665

2,561,085

Mettler-Toledo

International,

Inc.

\*

(Life

Sciences

Tools

&

Services)

19,270

Microsoft

Corp.

(Software)

8,237

3,255,757

Mid-America

Apartment

Communities,

Inc.

(Residential

REITs)

16,284

Monolithic

Power

Systems,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

60,496

Monster

Beverage

Corp.

\*

(Beverages)

656

39,439

Moody's

Corp.

(Capital

Markets)

77,937

Morgan

Stanley

(Capital

Markets)

1,186

136,888

Motorola

Solutions,

Inc.

(Communications

Equipment)

156,779

MSCI,

Inc.

(Capital

Markets)

90,488

Nasdaq,

Inc.

(Capital

Markets)

27,512

NetApp,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

18,219

Netflix,

Inc.

\*

(Entertainment)

911

1,030,998

NextEra

Energy,

Inc.

(Electric

Utilities)

2,935

196,293

Norwegian

Cruise

Lines

Holdings,

Ltd.

\*

(Hotels,

Restaurants

&

Leisure)

936

15,004

NRG

Energy,

Inc.

(Electric

Utilities)

47,229

NVIDIA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

52,199

5,685,516

NVR,

Inc.

\*

(Household

Durables)

28,503

NXP

Semiconductors

N.V.

(Semiconductors

&

Semiconductor

Equipment)

39,995

Old

Dominion

Freight

Line,

Inc.

(Ground

Transportation)

28,357

ONEOK,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

740

60,798

Oracle

Corp.

(Software)

3,456

486,328

O'Reilly

Automotive,

Inc.

\*

(Specialty

Retail)

174,070

PACCAR,

Inc.

(Machinery)

614

55,389

Packaging

Corp.

of

America

(Containers

&

Packaging)

17,633

Palantir

Technologies,

Inc.

(Software)

4,367

517,227

Palo

Alto

Networks,

Inc.

\*

(Software)

1,411

263,758

Parker-Hannifin

Corp.

(Machinery)

165,786

Paychex,

Inc.

(Professional

Services)

47,226

Paycom

Software,

Inc.

(Professional

Services)

22,865

PayPal

Holdings,

Inc.

\*

(Financial

Services)

1,411

92,900

Pentair

PLC

(Machinery)

20,686

Philip

Morris

International,

Inc.

(Tobacco)

1,789

306,563

PPL

Corp.

(Electric

Utilities)

817

29,821

PTC,

Inc.

\*

(Software)

18,751

Public

Service

Enterprise

Group,

Inc.

(Multi-Utilities)

39,805

Public

Storage

(Specialized

REITs)

100,643

PulteGroup,

Inc.

(Household

Durables)

44,212

Quanta

Services,

Inc.

(Construction

&

Engineering)

91,905

Ralph

Lauren

Corp.

(Textiles,

Apparel

&

Luxury

Goods)

19,121

Raymond

James

Financial,

Inc.

(Capital

Markets)

33,301

Raytheon

Technologies

Corp.

(Aerospace

&

Defense)

1,618

204,078

Republic

Services,

Inc.

(Commercial

Services

&

Supplies)

108,324

ResMed,

Inc.

(Health

Care

Equipment

&

Supplies)

74,053

Rollins,

Inc.

(Commercial

Services

&

Supplies)

19,767

Royal

Caribbean

Cruises,

Ltd.

\*

(Hotels,

Restaurants

&

Leisure)

528

113,472

S&P

Global,

Inc.

(Capital

Markets)

157,515

Salesforce,

Inc.

(Software)

2,039

547,900

ServiceNow,

Inc.

\*

(Software)

419,249

Simon

Property

Group,

Inc.

(Retail

REITs)

654

102,927

Stryker

Corp.

(Health

Care

Equipment

&

Supplies)

145,081

Common

Stocks

(99.9%),

continued

Shares

Value

Super

Micro

Computer,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

1,072

$

34,154

Synchrony

Financial

(Consumer

Finance)

827

42,963

Synopsys,

Inc.

\*

(Software)

78,950

Tapestry,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

31,086

Targa

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

79,469

Tesla,

Inc.

\*

(Automobiles)

5,962

1,682,238

Texas

Pacific

Land

Corp.

(Oil,

Gas

&

Consumable

Fuels)

51,555

The

Bank

of

New

York

Mellon

Corp.

(Capital

Markets)

825

66,338

The

Hartford

Financial

Services

Group,

Inc.

(Insurance)

41,340

The

Home

Depot,

Inc.

(Specialty

Retail)

931

335,615

The

Progressive

Corp.

(Insurance)

1,249

351,892

The

Sherwin-Williams

Co.

(Chemicals)

99,171

The

TJX

Cos.,

Inc.

(Specialty

Retail)

1,413

181,825

The

Williams

Cos.,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,349

79,011

TKO

Group

Holdings,

Inc.

\*

(Entertainment)

23,133

T-Mobile

U.S.,

Inc.

(Wireless

Telecommunication

Services)

542

133,847

Tractor

Supply

Co.

(Specialty

Retail)

614

31,081

Trane

Technologies

PLC

(Building

Products)

183,221

TransDigm

Group,

Inc.

(Aerospace

&

Defense)

169,568

Trimble,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

14,292

Tyler

Technologies,

Inc.

\*

(Software)

49,440

Uber

Technologies,

Inc.

\*

(Ground

Transportation)

4,451

360,576

UDR,

Inc.

(Residential

REITs)

12,020

United

Airlines

Holdings,

Inc.

\*

(Passenger

Airlines)

700

48,174

United

Rentals,

Inc.

(Trading

Companies

&

Distributors)

87,772

Veralto

Corp.

(Commercial

Services

&

Supplies)

24,167

Verisk

Analytics,

Inc.

(Professional

Services)

39,425

Vertex

Pharmaceuticals,

Inc.

\*

(Biotechnology)

547

278,697

Visa,

Inc.

-

Class

A

(Financial

Services)

3,672

1,268,677

Vistra

Corp.

(Independent

Power/Renewable

Electricity

Producers)

724

93,852

Vulcan

Materials

Co.

(Construction

Materials)

45,907

W.R.

Berkley

Corp.

(Insurance)

25,163

W.W.

Grainger,

Inc.

(Trading

Companies

&

Distributors)

97,309

Wabtec

Corp.

(Machinery)

67,245

Walmart,

Inc.

(Consumer

Staples

Distribution

&

Retail)

6,192

602,172

Waste

Management,

Inc.

(Commercial

Services

&

Supplies)

96,144

Waters

Corp.

\*

(Life

Sciences

Tools

&

Services)

20,169

Welltower,

Inc.

(Health

Care

REITs)

701

106,966

Williams-Sonoma,

Inc.

(Specialty

Retail)

40,471

Willis

Towers

Watson

PLC

(Insurance)

31,396

Workday,

Inc.

\*

-

Class

A

(Software)

52,675

Wynn

Resorts,

Ltd.

(Hotels,

Restaurants

&

Leisure)

15,259

Yum!

Brands,

Inc.

(Hotels,

Restaurants

&

Leisure)

36,557

Zebra

Technologies

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

12,266

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $43,585,105)

51,611,014

Repurchase

Agreements

(a) (0.2%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$110,013

$

110,000

110,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$110,000)

110,000

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Large-Cap

Growth

ProFund

Repurchase

Agreements

(a) (0.2%)

(continued)

TOTAL

INVESTMENT

SECURITIES

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

$43,695,105)— 100.1%

$

51,721,014

Net

other

assets

(liabilities) —

(0.1)%

(34,426)

NET

ASSETS

—

100.0%

$

51,686,588

\*

Non-income

producing

security.

(a) The

ProFund

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

Large-Cap

Growth

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

588,303

1.1%

Automobiles

1,682,238

3.3%

Banks

830,744

1.6%

Beverages

39,439

0.1%

Biotechnology

742,932

1.4%

Broadline

Retail

2,196,522

4.2%

Building

Products

312,044

0.6%

Capital

Markets

881,747

1.7%

Chemicals

165,297

0.3%

Commercial

Services

&

Supplies

517,083

1.0%

Communications

Equipment

352,863

0.7%

Construction

&

Engineering

91,905

0.2%

Construction

Materials

81,538

0.2%

Consumer

Finance

455,854

0.9%

Consumer

Staples

Distribution

&

Retail

1,542,969

3.0%

Containers

&

Packaging

17,633

NM

Electric

Utilities

422,377

0.8%

Electrical

Equipment

641,751

1.2%

Electronic

Equipment,

Instruments

&

Components

225,089

0.4%

Entertainment

1,127,677

2.2%

Financial

Services

3,698,214

7.2%

Ground

Transportation

441,956

0.8%

Health

Care

Equipment

&

Supplies

997,479

1.9%

Health

Care

Providers

&

Services

90,949

0.2%

Health

Care

REITs

106,966

0.2%

Hotel

&

Resort

REITs

13,230

NM

Hotels,

Restaurants

&

Leisure

1,318,092

2.6%

Household

Durables

133,821

0.3%

Household

Products

70,064

0.1%

Independent

Power/Renewable

Electricity

Producers

93,852

0.2%

Industrial

Conglomerates

188,843

0.4%

Insurance

886,966

1.7%

Interactive

Media

&

Services

6,155,294

11.9%

IT

Services

601,942

1.2%

Life

Sciences

Tools

&

Services

39,439

0.1%

Machinery

963,750

1.9%

Multi-Utilities

39,805

0.1%

Value

%

of

Net

Assets

Oil,

Gas

&

Consumable

Fuels

$

346,843

0.7%

Passenger

Airlines

105,041

0.2%

Pharmaceuticals

1,509,337

2.9%

Professional

Services

325,667

0.6%

Real

Estate

Management

&

Development

76,851

0.1%

Residential

REITs

87,742

0.2%

Retail

REITs

102,926

0.2%

Semiconductors

&

Semiconductor

Equipment

8,031,856

15.5%

Software

6,993,106

13.5%

Specialized

REITs

270,785

0.5%

Specialty

Retail

898,516

1.7%

Technology

Hardware,

Storage

&

Peripherals

3,209,852

6.3%

Textiles,

Apparel

&

Luxury

Goods

115,790

0.2%

Tobacco

404,752

0.8%

Trading

Companies

&

Distributors

241,436

0.5%

Wireless

Telecommunication

Services

133,847

0.3%

Other

\*\*

75,574

0.1%

Total

$

51,686,588

100.0%

NM

Not

meaningful,

amount

is

less

than

0.05%

\*\*

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

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Large-Cap

Value

ProFund

Common

Stocks

(99.5%)

Shares

Value

3M

Co.

(Industrial

Conglomerates)

2,998

$

416,452

A.O.

Smith

Corp.

(Building

Products)

653

44,313

Abbott

Laboratories

(Health

Care

Equipment

&

Supplies)

9,572

1,251,540

AbbVie,

Inc.

(Biotechnology)

5,651

1,102,510

Accenture

PLC

-

Class

A

(IT

Services)

3,453

1,032,964

Adobe,

Inc.

\*

(Software)

1,395

523,097

Advanced

Micro

Devices,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

8,945

870,796

Aflac,

Inc.

(Insurance)

2,733

297,022

Agilent

Technologies,

Inc.

(Life

Sciences

Tools

&

Services)

1,574

169,362

Air

Products

&

Chemicals,

Inc.

(Chemicals)

1,228

332,899

Akamai

Technologies,

Inc.

\*

(IT

Services)

829

66,801

Albemarle

Corp.

(Chemicals)

649

37,999

Alexandria

Real

Estate

Equities,

Inc.

(Office

REITs)

850

61,761

Align

Technology,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

67,067

Allegion

PLC

(Building

Products)

31,320

Alliant

Energy

Corp.

(Electric

Utilities)

1,416

86,433

Allstate

Corp.

(Insurance)

1,462

290,046

Altria

Group,

Inc.

(Tobacco)

5,051

298,767

Amazon.com,

Inc.

\*

(Broadline

Retail)

21,865

4,032,343

Amcor

PLC

(Containers

&

Packaging)

12,624

116,141

Ameren

Corp.

(Multi-Utilities)

1,490

147,868

American

Electric

Power

Co.,

Inc.

(Electric

Utilities)

2,943

318,845

American

International

Group,

Inc.

(Insurance)

3,276

267,060

American

Tower

Corp.

(Specialized

REITs)

2,579

581,333

American

Water

Works

Co.,

Inc.

(Water

Utilities)

1,076

158,183

AMETEK,

Inc.

(Electrical

Equipment)

676

114,636

Amgen,

Inc.

(Biotechnology)

1,690

491,655

Analog

Devices,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

2,739

533,886

ANSYS,

Inc.

\*

(Software)

86,908

Aon

PLC

-

Class

A

(Insurance)

584

207,197

APA

Corp.

(Oil,

Gas

&

Consumable

Fuels)

2,043

31,748

Apple,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

44,776

9,514,901

Applied

Materials,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

2,600

391,846

Aptiv

PLC

\*

(Automobile

Components)

1,266

72,238

Archer-Daniels-Midland

Co.

(Food

Products)

2,643

126,203

Arthur

J. Gallagher

&

Co.

(Insurance)

772

247,573

Assurant,

Inc.

(Insurance)

54,545

AT&T,

Inc.

(Diversified

Telecommunication

Services)

39,624

1,097,584

Atmos

Energy

Corp.

(Gas

Utilities)

876

140,712

Automatic

Data

Processing,

Inc.

(Professional

Services)

965

290,078

AvalonBay

Communities,

Inc.

(Residential

REITs)

92,181

Avery

Dennison

Corp.

(Containers

&

Packaging)

75,802

Baker

Hughes

Co.

(Energy

Equipment

&

Services)

5,467

193,532

Ball

Corp.

(Containers

&

Packaging)

1,647

85,545

Bank

of

America

Corp.

(Banks)

36,550

1,457,614

Baxter

International,

Inc.

(Health

Care

Equipment

&

Supplies)

2,820

87,899

Becton,

Dickinson

&

Co.

(Health

Care

Equipment

&

Supplies)

1,585

328,238

Berkshire

Hathaway,

Inc.

\*

-

Class

B

(Financial

Services)

5,159

2,751,036

Best

Buy

Co.,

Inc.

(Specialty

Retail)

1,074

71,625

Biogen,

Inc.

\*

(Biotechnology)

808

97,833

Bio-Techne

Corp.

(Life

Sciences

Tools

&

Services)

873

43,956

BlackRock,

Inc.

(Capital

Markets)

805

735,980

Blackstone,

Inc.

(Capital

Markets)

4,040

532,108

Boston

Properties,

Inc.

(Office

REITs)

805

51,303

Bristol-Myers

Squibb

Co.

(Pharmaceuticals)

11,201

562,290

Broadridge

Financial

Solutions,

Inc.

(Professional

Services)

87,506

Brown-Forman

Corp.

-

Class

B

(Beverages)

1,006

35,049

Common

Stocks

(99.5%),

continued

Shares

Value

Builders

FirstSource,

Inc.

\*

(Building

Products)

$

36,487

Bunge

Global

SA

(Food

Products)

736

57,938

C.H.

Robinson

Worldwide,

Inc.

(Air

Freight

&

Logistics)

656

58,528

Cadence

Design

Systems,

Inc.

\*

(Software)

681

202,761

Caesars

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

1,175

31,796

Camden

Property

Trust

(Residential

REITs)

32,774

Campbell

Soup

Co.

(Food

Products)

1,087

39,632

Capital

One

Financial

Corp.

(Consumer

Finance)

2,104

379,267

Cardinal

Health,

Inc.

(Health

Care

Providers

&

Services)

1,333

188,340

CarMax,

Inc.

\*

(Specialty

Retail)

848

54,840

Carrier

Global

Corp.

(Building

Products)

2,318

144,968

Cboe

Global

Markets,

Inc.

(Capital

Markets)

578

128,200

CDW

Corp.

(Electronic

Equipment,

Instruments

&

Components)

735

118,012

Cencora,

Inc.

(Health

Care

Providers

&

Services)

953

278,915

Centene

Corp.

\*

(Health

Care

Providers

&

Services)

2,739

163,929

CenterPoint

Energy,

Inc.

(Multi-Utilities)

3,599

139,569

CF

Industries

Holdings,

Inc.

(Chemicals)

960

75,235

Charles

River

Laboratories

International,

Inc.

\*

(Life

Sciences

Tools

&

Services)

33,451

Charter

Communications,

Inc.

\*

-

Class

A

(Media)

533

208,861

Chevron

Corp.

(Oil,

Gas

&

Consumable

Fuels)

9,225

1,255,154

Chubb,

Ltd.

(Insurance)

2,058

588,754

Church

&

Dwight

Co.,

Inc.

(Household

Products)

1,357

134,804

Cincinnati

Financial

Corp.

(Insurance)

56,519

Cisco

Systems,

Inc.

(Communications

Equipment)

21,984

1,269,137

Citigroup,

Inc.

(Banks)

10,361

708,485

Citizens

Financial

Group,

Inc.

(Banks)

2,414

89,052

CME

Group,

Inc.

(Capital

Markets)

1,989

551,113

CMS

Energy

Corp.

(Multi-Utilities)

1,649

121,449

Cognizant

Technology

Solutions

Corp.

-

Class

A

(IT

Services)

2,731

200,920

Colgate-Palmolive

Co.

(Household

Products)

2,509

231,305

Comcast

Corp.

-

Class

A

(Media)

20,819

712,009

Conagra

Brands,

Inc.

(Food

Products)

2,636

65,136

ConocoPhillips

(Oil,

Gas

&

Consumable

Fuels)

7,042

627,583

Consolidated

Edison,

Inc.

(Multi-Utilities)

1,912

215,578

Constellation

Brands,

Inc.

-

Class

A

(Beverages)

858

160,909

Corning,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

4,256

188,881

Corteva,

Inc.

(Chemicals)

3,783

234,508

CoStar

Group,

Inc.

\*

(Real

Estate

Management

&

Development)

2,326

172,519

Coterra

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

4,067

99,886

Crown

Castle

International

Corp.

(Specialized

REITs)

2,399

253,718

CSX

Corp.

(Ground

Transportation)

5,749

161,374

CVS

Health

Corp.

(Health

Care

Providers

&

Services)

6,959

464,235

D.R.

Horton,

Inc.

(Household

Durables)

1,565

197,721

Danaher

Corp.

(Life

Sciences

Tools

&

Services)

3,533

704,233

Darden

Restaurants,

Inc.

(Hotels,

Restaurants

&

Leisure)

74,036

Deere

&

Co.

(Machinery)

783

362,967

Dell

Technologies,

Inc.

-

Class

C

(Technology

Hardware,

Storage

&

Peripherals)

913

83,777

Devon

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

3,629

110,358

Dexcom,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,230

87,797

Diamondback

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,031

136,102

Digital

Realty

Trust,

Inc.

(Specialized

REITs)

1,747

280,463

Dollar

General

Corp.

(Consumer

Staples

Distribution

&

Retail)

1,214

113,740

Dollar

Tree,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

1,115

91,174

Dominion

Energy,

Inc.

(Multi-Utilities)

4,637

252,160

Domino's

Pizza,

Inc.

(Hotels,

Restaurants

&

Leisure)

53,941

Dover

Corp.

(Machinery)

70,990

Dow,

Inc.

(Chemicals)

3,885

118,842

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Large-Cap

Value

ProFund

Common

Stocks

(99.5%),

continued

Shares

Value

DTE

Energy

Co.

(Multi-Utilities)

1,144

$

156,728

Duke

Energy

Corp.

(Electric

Utilities)

4,283

522,611

DuPont

de

Nemours,

Inc.

(Chemicals)

2,308

152,305

Eastman

Chemical

Co.

(Chemicals)

637

49,049

eBay,

Inc.

(Broadline

Retail)

873

59,504

Ecolab,

Inc.

(Chemicals)

709

178,264

Edison

International

(Electric

Utilities)

2,138

114,404

Edwards

LifeSciences

Corp.

\*

(Health

Care

Equipment

&

Supplies)

3,255

245,720

Electronic

Arts,

Inc.

(Entertainment)

786

114,041

Elevance

Health,

Inc.

(Health

Care

Providers

&

Services)

1,280

538,342

Emerson

Electric

Co.

(Electrical

Equipment)

995

104,584

Enphase

Energy,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

731

32,595

Entergy

Corp.

(Electric

Utilities)

2,367

196,863

EOG

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

3,105

342,575

EPAM

Systems,

Inc.

\*

(IT

Services)

49,113

EQT

Corp.

(Oil,

Gas

&

Consumable

Fuels)

3,295

162,905

Equifax,

Inc.

(Professional

Services)

684

177,929

Equinix,

Inc.

(Specialized

REITs)

244,453

Equity

Residential

(Residential

REITs)

1,887

132,581

Essex

Property

Trust,

Inc.

(Residential

REITs)

51,643

Everest

Group,

Ltd.

(Insurance)

85,043

Evergy,

Inc.

(Electric

Utilities)

1,269

87,688

Eversource

Energy

(Electric

Utilities)

2,024

120,388

Exelon

Corp.

(Electric

Utilities)

5,548

260,201

Expand

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,161

120,628

Expeditors

International

of

Washington,

Inc.

(Air

Freight

&

Logistics)

773

84,960

Extra

Space

Storage,

Inc.

(Specialized

REITs)

644

94,359

Exxon

Mobil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

24,028

2,538,077

F5,

Inc.

\*

(Communications

Equipment)

45,535

FactSet

Research

Systems,

Inc.

(Capital

Markets)

49,273

Fastenal

Co.

(Trading

Companies

&

Distributors)

1,361

110,200

Federal

Realty

Investment

Trust

(Retail

REITs)

39,959

FedEx

Corp.

(Air

Freight

&

Logistics)

1,224

257,444

Fidelity

National

Information

Services,

Inc.

(Financial

Services)

2,924

230,645

Fifth

Third

Bancorp

(Banks)

3,699

132,942

First

Horizon

Corp.

(Banks)

First

Solar,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

34,852

FirstEnergy

Corp.

(Electric

Utilities)

2,832

121,436

Ford

Motor

Co.

(Automobiles)

21,486

215,075

Fortive

Corp.

(Machinery)

1,882

131,157

Fox

Corp.

\*

-

Class

A

(Media)

1,203

59,897

Fox

Corp.

-

Class

B

(Media)

728

33,663

Franklin

Resources,

Inc.

(Capital

Markets)

1,711

32,098

Freeport-McMoRan,

Inc.

(Metals

&

Mining)

7,933

285,826

GE

HealthCare

Technologies,

Inc.

(Health

Care

Equipment

&

Supplies)

2,524

177,513

Gen

Digital,

Inc.

(Software)

1,259

32,570

Generac

Holdings,

Inc.

\*

(Electrical

Equipment)

14,183

General

Dynamics

Corp.

(Aerospace

&

Defense)

1,402

381,512

General

Electric

Co.

(Industrial

Conglomerates)

3,495

704,382

General

Mills,

Inc.

(Food

Products)

3,042

172,603

General

Motors

Co.

(Automobiles)

5,493

248,503

Genuine

Parts

Co.

(Distributors)

767

90,161

Gilead

Sciences,

Inc.

(Biotechnology)

6,880

732,995

Global

Payments,

Inc.

(Financial

Services)

1,367

104,316

Globe

Life,

Inc.

(Insurance)

57,230

Halliburton

Co.

(Energy

Equipment

&

Services)

4,793

94,997

Hasbro,

Inc.

(Leisure

Products)

724

44,816

HCA

Healthcare,

Inc.

(Health

Care

Providers

&

Services)

139,757

Common

Stocks

(99.5%),

continued

Shares

Value

Healthpeak

Properties,

Inc.

(Health

Care

REITs)

3,862

$

68,898

Henry

Schein,

Inc.

\*

(Health

Care

Providers

&

Services)

688

44,699

Hewlett

Packard

Enterprise

Co.

(Technology

Hardware,

Storage

&

Peripherals)

7,252

117,627

Hologic,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,239

72,110

Honeywell

International,

Inc.

(Industrial

Conglomerates)

3,590

755,696

Hormel

Foods

Corp.

(Food

Products)

1,608

48,079

Host

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

1,428

20,163

HP,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

5,178

132,401

Humana,

Inc.

(Health

Care

Providers

&

Services)

666

174,652

Huntington

Bancshares,

Inc.

(Banks)

8,026

116,618

Huntington

Ingalls

Industries,

Inc.

(Aerospace

&

Defense)

49,984

IDEX

Corp.

(Machinery)

72,545

IDEXX

Laboratories,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

195,125

Illinois

Tool

Works,

Inc.

(Machinery)

869

208,482

Incyte

Corp.

\*

(Biotechnology)

22,182

Intel

Corp.

(Semiconductors

&

Semiconductor

Equipment)

23,902

480,430

Intercontinental

Exchange,

Inc.

(Capital

Markets)

1,523

255,818

International

Flavors

&

Fragrances,

Inc.

(Chemicals)

1,411

110,707

International

Paper

Co.

(Containers

&

Packaging)

2,911

132,974

Invesco,

Ltd.

(Capital

Markets)

2,474

34,463

Invitation

Homes,

Inc.

(Residential

REITs)

3,145

107,528

IQVIA

Holdings,

Inc.

\*

(Life

Sciences

Tools

&

Services)

924

143,285

J.B.

Hunt

Transport

Services,

Inc.

(Ground

Transportation)

57,325

Jabil,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

605

88,669

Jack

Henry

&

Associates,

Inc.

(Financial

Services)

41,797

Jacobs

Solutions,

Inc.

(Professional

Services)

676

83,689

Johnson

&

Johnson

(Pharmaceuticals)

13,289

2,077,203

Johnson

Controls

International

PLC

(Building

Products)

3,644

305,731

JPMorgan

Chase

&

Co.

(Banks)

6,636

1,623,299

Juniper

Networks,

Inc.

(Communications

Equipment)

1,828

66,393

Kellanova

(Food

Products)

1,484

122,831

Kenvue,

Inc.

(Personal

Care

Products)

10,584

249,783

Keurig

Dr

Pepper,

Inc.

(Beverages)

6,590

227,948

KeyCorp

(Banks)

5,499

81,605

Keysight

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

954

138,712

Kimberly-Clark

Corp.

(Household

Products)

1,831

241,289

Kimco

Realty

Corp.

(Retail

REITs)

3,752

74,965

Kinder

Morgan,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

10,670

280,621

KKR

&

Co.,

Inc.

(Capital

Markets)

2,087

238,481

L3Harris

Technologies,

Inc.

(Aerospace

&

Defense)

1,039

228,601

Labcorp

Holdings,

Inc.

(Health

Care

Providers

&

Services)

110,865

Lam

Research

Corp.

(Semiconductors

&

Semiconductor

Equipment)

7,088

507,997

Lamb

Weston

Holdings,

Inc.

(Food

Products)

789

41,667

Leidos

Holdings,

Inc.

(Professional

Services)

51,219

Lennar

Corp.

-

Class

A

(Household

Durables)

1,288

139,890

Linde

PLC

(Chemicals)

2,628

1,191,087

LKQ

Corp.

(Distributors)

1,435

54,831

Lockheed

Martin

Corp.

(Aerospace

&

Defense)

1,156

552,279

Loews

Corp.

(Insurance)

975

84,659

Lowe's

Cos.,

Inc.

(Specialty

Retail)

3,117

696,837

Lululemon

Athletica,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

90,708

LyondellbBasell

Industries

N.V.

-

Class

A

(Chemicals)

1,431

83,299

M&T

Bank

Corp.

(Banks)

916

155,500

Marathon

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,744

239,643

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Large-Cap

Value

ProFund

Common

Stocks

(99.5%),

continued

Shares

Value

MarketAxess

Holdings,

Inc.

(Capital

Markets)

$

46,091

Marriott

International,

Inc.

-

Class

A

(Hotels,

Restaurants

&

Leisure)

Marsh

&

McLennan

Cos.,

Inc.

(Insurance)

1,518

342,263

Martin

Marietta

Materials,

Inc.

(Construction

Materials)

84,885

Masco

Corp.

(Building

Products)

689

41,760

Match

Group,

Inc.

\*

(Interactive

Media

&

Services)

1,386

41,109

McCormick

&

Co.,

Inc.

(Food

Products)

1,395

106,941

McDonald's

Corp.

(Hotels,

Restaurants

&

Leisure)

3,956

1,264,534

McKesson

Corp.

(Health

Care

Providers

&

Services)

691

492,538

Medtronic

PLC

(Health

Care

Equipment

&

Supplies)

7,078

599,931

Merck

&

Co.,

Inc.

(Pharmaceuticals)

13,964

1,189,733

MetLife,

Inc.

(Insurance)

3,195

240,807

Mettler-Toledo

International,

Inc.

\*

(Life

Sciences

Tools

&

Services)

73,869

MGM

Resorts

International

\*

(Hotels,

Restaurants

&

Leisure)

1,236

38,885

Microchip

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

2,970

136,858

Micron

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

6,149

473,166

Microsoft

Corp.

(Software)

19,696

7,785,042

Mid-America

Apartment

Communities,

Inc.

(Residential

REITs)

60,827

Moderna,

Inc.

\*

(Biotechnology)

1,871

53,398

Mohawk

Industries,

Inc.

\*

(Household

Durables)

30,735

Molina

Healthcare,

Inc.

\*

(Health

Care

Providers

&

Services)

100,065

Molson

Coors

Beverage

Co.

-

Class

B

(Beverages)

950

54,654

Mondelez

International,

Inc.

-

Class

A

(Food

Products)

7,140

486,448

Monster

Beverage

Corp.

\*

(Beverages)

2,164

130,100

Moody's

Corp.

(Capital

Markets)

185,779

Morgan

Stanley

(Capital

Markets)

3,757

433,633

Nasdaq,

Inc.

(Capital

Markets)

1,347

102,655

NetApp,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

595

53,401

Newmont

Corp.

(Metals

&

Mining)

6,284

331,041

News

Corp.

\*

-

Class

A

(Media)

2,089

56,654

News

Corp.

\*

-

Class

B

(Media)

618

19,418

NextEra

Energy,

Inc.

(Electric

Utilities)

3,746

250,532

NIKE,

Inc.

-

Class

B

(Textiles,

Apparel

&

Luxury

Goods)

6,520

367,728

NiSource,

Inc.

(Multi-Utilities)

2,594

101,451

Nordson

Corp.

(Machinery)

56,871

Norfolk

Southern

Corp.

(Ground

Transportation)

1,250

280,063

Northern

Trust

Corp.

(Capital

Markets)

1,082

101,686

Northrop

Grumman

Corp.

(Aerospace

&

Defense)

751

365,362

Nucor

Corp.

(Metals

&

Mining)

1,295

154,584

NVR,

Inc.

\*

(Household

Durables)

42,755

NXP

Semiconductors

N.V.

(Semiconductors

&

Semiconductor

Equipment)

841

155,005

Occidental

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

3,730

146,999

Old

Dominion

Freight

Line,

Inc.

(Ground

Transportation)

561

85,990

Omnicom

Group,

Inc.

(Media)

1,085

82,634

ON

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,326

92,342

ONEOK,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,507

123,815

Otis

Worldwide

Corp.

(Machinery)

2,188

210,639

PACCAR,

Inc.

(Machinery)

1,303

117,544

Packaging

Corp.

of

America

(Containers

&

Packaging)

45,660

Paramount

Global

(a) -

Class

B

(Media)

3,285

38,566

Paychex,

Inc.

(Professional

Services)

938

137,999

PayPal

Holdings,

Inc.

\*

(Financial

Services)

1,802

118,644

Common

Stocks

(99.5%),

continued

Shares

Value

Pentair

PLC

(Machinery)

$

28,943

PepsiCo,

Inc.

(Beverages)

7,570

1,026,341

Pfizer,

Inc.

(Pharmaceuticals)

31,281

763,569

PG&E

Corp.

(Electric

Utilities)

12,109

200,041

Philip

Morris

International,

Inc.

(Tobacco)

3,948

676,529

Phillips

(Oil,

Gas

&

Consumable

Fuels)

2,279

237,153

Pinnacle

West

Capital

Corp.

(Electric

Utilities)

627

59,678

PNC

Financial

Services

Group,

Inc.

(Banks)

2,185

351,108

Pool

Corp.

(Distributors)

62,146

PPG

Industries,

Inc.

(Chemicals)

1,280

139,341

PPL

Corp.

(Electric

Utilities)

1,957

71,431

Principal

Financial

Group,

Inc.

(Insurance)

1,162

86,162

Prologis,

Inc.

(Industrial

REITs)

5,116

522,855

Prudential

Financial,

Inc.

(Insurance)

1,954

200,695

PTC,

Inc.

\*

(Software)

54,549

Public

Service

Enterprise

Group,

Inc.

(Multi-Utilities)

1,457

116,458

QUALCOMM,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

6,105

906,348

Quest

Diagnostics,

Inc.

(Health

Care

Providers

&

Services)

613

109,249

Raymond

James

Financial,

Inc.

(Capital

Markets)

52,897

Raytheon

Technologies

Corp.

(Aerospace

&

Defense)

3,162

398,823

Realty

Income

Corp.

(Retail

REITs)

4,831

279,521

Regency

Centers

Corp.

(Retail

REITs)

902

65,106

Regeneron

Pharmaceuticals,

Inc.

\*

(Biotechnology)

580

347,281

Regions

Financial

Corp.

(Banks)

5,019

102,438

Revvity,

Inc.

(Life

Sciences

Tools

&

Services)

672

62,785

Rockwell

Automation,

Inc.

(Electrical

Equipment)

624

154,553

Rollins,

Inc.

(Commercial

Services

&

Supplies)

652

37,249

Roper

Technologies,

Inc.

(Software)

592

331,567

Ross

Stores,

Inc.

(Specialty

Retail)

1,822

253,258

S&P

Global,

Inc.

(Capital

Markets)

922

461,046

SBA

Communications

Corp.

-

Class

A

(Specialized

REITs)

594

144,580

Schlumberger

N.V.

(Energy

Equipment

&

Services)

7,733

257,122

Seagate

Technology

Holdings

PLC

(Technology

Hardware,

Storage

&

Peripherals)

1,169

106,414

Sempra

(Multi-Utilities)

3,496

259,648

Skyworks

Solutions,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

887

57,016

Smurfit

WestRock

PLC

\*

(Containers

&

Packaging)

2,729

114,673

Snap-on,

Inc.

(Machinery)

90,691

Solventum

Corp.

\*

(Health

Care

Equipment

&

Supplies)

762

50,383

Southwest

Airlines

Co.

(Passenger

Airlines)

3,272

91,485

Stanley

Black

&

Decker,

Inc.

(Machinery)

851

51,077

Starbucks

Corp.

(Hotels,

Restaurants

&

Leisure)

6,270

501,913

State

Street

Corp.

(Capital

Markets)

1,592

140,255

Steel

Dynamics,

Inc.

(Metals

&

Mining)

783

101,563

STERIS

PLC

(Health

Care

Equipment

&

Supplies)

542

121,809

Stryker

Corp.

(Health

Care

Equipment

&

Supplies)

891

333,163

Synopsys,

Inc.

\*

(Software)

188,194

Sysco

Corp.

(Consumer

Staples

Distribution

&

Retail)

2,701

192,851

T. Rowe

Price

Group,

Inc.

(Capital

Markets)

1,229

108,828

Take-Two

Interactive

Software,

Inc.

\*

(Entertainment)

906

211,388

Target

Corp.

(Consumer

Staples

Distribution

&

Retail)

2,528

244,458

TE

Connectivity,

Ltd.

(Electronic

Equipment,

Instruments

&

Components)

1,646

240,941

Teledyne

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

119,770

Teradyne,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

899

66,715

Texas

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

5,025

804,251

Textron,

Inc.

(Aerospace

&

Defense)

1,007

70,863

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Large-Cap

Value

ProFund

Common

Stocks

(99.5%),

continued

Shares

Value

The

AES

Corp.

(Independent

Power/Renewable

Electricity

Producers)

3,924

$

39,240

The

Bank

of

New

York

Mellon

Corp.

(Capital

Markets)

1,823

146,587

The

Boeing

Co.

\*

(Aerospace

&

Defense)

4,140

758,614

The

Charles

Schwab

Corp.

(Capital

Markets)

9,406

765,649

The

Cigna

Group

(Health

Care

Providers

&

Services)

1,512

514,140

The

Clorox

Co.

(Household

Products)

680

96,764

The

Coca-Cola

Co.

(Beverages)

21,372

1,550,538

The

Cooper

Cos.,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,102

90,000

The

Estee

Lauder

Cos.,

Inc.

(Personal

Care

Products)

1,292

77,468

The

Goldman

Sachs

Group,

Inc.

(Capital

Markets)

1,722

942,882

The

Hartford

Financial

Services

Group,

Inc.

(Insurance)

714

87,586

The

Hershey

Co.

(Food

Products)

815

136,260

The

Home

Depot,

Inc.

(Specialty

Retail)

3,071

1,107,065

The

Interpublic

Group

of

Cos.,

Inc.

(Media)

2,058

51,697

The

J.M.

Smucker

Co.

(Food

Products)

587

68,250

The

Kraft

Heinz

Co.

(Food

Products)

4,816

140,146

The

Kroger

Co.

(Consumer

Staples

Distribution

&

Retail)

3,674

265,299

The

Mosaic

Co.

(Chemicals)

1,755

53,352

The

Procter

&

Gamble

Co.

(Household

Products)

12,943

2,104,144

The

Sherwin-Williams

Co.

(Chemicals)

550

194,106

The

Southern

Co.

(Electric

Utilities)

6,048

555,750

The

TJX

Cos.,

Inc.

(Specialty

Retail)

2,544

327,362

The

Travelers

Cos.,

Inc.

(Insurance)

1,252

330,691

The

Walt

Disney

Co.

(Entertainment)

9,978

907,499

The

Williams

Cos.,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

3,230

189,181

Thermo

Fisher

Scientific,

Inc.

(Life

Sciences

Tools

&

Services)

2,111

905,618

T-Mobile

U.S.,

Inc.

(Wireless

Telecommunication

Services)

1,245

307,453

Tractor

Supply

Co.

(Specialty

Retail)

1,357

68,691

Trimble,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

760

47,226

Truist

Financial

Corp.

(Banks)

7,264

278,502

Tyson

Foods,

Inc.

-

Class

A

(Food

Products)

1,580

96,759

U.S.

Bancorp

(Banks)

8,611

347,368

UDR,

Inc.

(Residential

REITs)

914

38,278

Ulta

Beauty,

Inc.

\*

(Specialty

Retail)

101,284

Union

Pacific

Corp.

(Ground

Transportation)

3,336

719,441

United

Parcel

Service,

Inc.

-

Class

B

(Air

Freight

&

Logistics)

4,037

384,727

UnitedHealth

Group,

Inc.

(Health

Care

Providers

&

Services)

5,080

2,090,115

Universal

Health

Services,

Inc.

-

Class

B

(Health

Care

Providers

&

Services)

57,548

Valero

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,747

202,809

Ventas,

Inc.

(Health

Care

REITs)

2,413

169,103

Veralto

Corp.

(Commercial

Services

&

Supplies)

710

68,089

VeriSign,

Inc.

\*

(IT

Services)

126,672

Verisk

Analytics,

Inc.

(Professional

Services)

128,947

Verizon

Communications,

Inc.

(Diversified

Telecommunication

Services)

23,237

1,023,822

Viatris,

Inc.

(Pharmaceuticals)

6,590

55,488

VICI

Properties,

Inc.

(Specialized

REITs)

5,819

186,324

Vulcan

Materials

Co.

(Construction

Materials)

72,403

W.R.

Berkley

Corp.

(Insurance)

746

53,481

Walgreens

Boots

Alliance,

Inc.

(Consumer

Staples

Distribution

&

Retail)

3,959

43,430

Walmart,

Inc.

(Consumer

Staples

Distribution

&

Retail)

7,902

768,469

Warner

Bros.

Discovery,

Inc.

\*

(Entertainment)

12,322

106,832

Waste

Management,

Inc.

(Commercial

Services

&

Supplies)

948

221,225

Waters

Corp.

\*

(Life

Sciences

Tools

&

Services)

61,896

Common

Stocks

(99.5%),

continued

Shares

Value

WEC

Energy

Group,

Inc.

(Multi-Utilities)

1,754

$

192,098

Wells

Fargo

&

Co.

(Banks)

18,154

1,289,116

Welltower,

Inc.

(Health

Care

REITs)

1,547

236,057

West

Pharmaceutical

Services,

Inc.

(Life

Sciences

Tools

&

Services)

84,305

Western

Digital

Corp.

\*

(Technology

Hardware,

Storage

&

Peripherals)

1,920

84,211

Weyerhaeuser

Co.

(Specialized

REITs)

4,006

103,795

Willis

Towers

Watson

PLC

(Insurance)

88,339

Workday,

Inc.

\*

-

Class

A

(Software)

626

153,370

Xcel

Energy,

Inc.

(Electric

Utilities)

3,170

224,119

Xylem,

Inc.

(Machinery)

1,340

161,564

Yum!

Brands,

Inc.

(Hotels,

Restaurants

&

Leisure)

909

136,750

Zebra

Technologies

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

39,300

Zimmer

Biomet

Holdings,

Inc.

(Health

Care

Equipment

&

Supplies)

1,100

113,355

Zoetis,

Inc.

(Pharmaceuticals)

2,472

386,621

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $121,477,843)

126,844,642

Repurchase

Agreements

(b) (0.4%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$461,054

$

461,000

461,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$461,000)

461,000

Collateral

for

Securities

Loaned

(c) (NM)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 4.37%

(d) 1,404

1,404

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,404)

1,404

TOTAL

INVESTMENT

SECURITIES

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

$121,940,247)— 99.9%

127,307,046

Net

other

assets

(liabilities) —

0.1%

109,452

NET

ASSETS

—

100.0%

$

127,416,498

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

April

30,

2025. The

total

value

of

securities

on

loan

as

of

April

30,

2025

was

$1,374.

(b) The

ProFund

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

April

30,

2025. NM

Not

meaningful,

amount

is

less

than

0.05%

(d) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

April

30,

2025. REIT

Real

Estate

Investment

Trust

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Large-Cap

Value

ProFund

Large-Cap

Value

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

2,806,037

2.2%

Air

Freight

&

Logistics

785,659

0.6%

Automobile

Components

72,238

0.1%

Automobiles

463,578

0.4%

Banks

6,733,661

5.3%

Beverages

3,185,539

2.5%

Biotechnology

2,847,854

2.2%

Broadline

Retail

4,091,847

3.2%

Building

Products

604,579

0.5%

Capital

Markets

6,045,522

4.7%

Chemicals

2,950,994

2.3%

Commercial

Services

&

Supplies

326,563

0.3%

Communications

Equipment

1,381,065

1.1%

Construction

Materials

157,288

0.1%

Consumer

Finance

379,267

0.3%

Consumer

Staples

Distribution

&

Retail

1,719,421

1.3%

Containers

&

Packaging

570,795

0.5%

Distributors

207,138

0.2%

Diversified

Telecommunication

Services

2,121,407

1.7%

Electric

Utilities

3,190,420

2.5%

Electrical

Equipment

387,956

0.3%

Electronic

Equipment,

Instruments

&

Components

981,512

0.8%

Energy

Equipment

&

Services

545,651

0.4%

Entertainment

1,339,759

1.1%

Financial

Services

3,246,438

2.5%

Food

Products

1,708,893

1.3%

Gas

Utilities

140,712

0.1%

Ground

Transportation

1,304,193

1.0%

Health

Care

Equipment

&

Supplies

3,821,650

3.0%

Health

Care

Providers

&

Services

5,467,389

4.3%

Health

Care

REITs

474,058

0.4%

Hotel

&

Resort

REITs

20,163

NM

Hotels,

Restaurants

&

Leisure

2,102,009

1.6%

Household

Durables

411,101

0.3%

Household

Products

2,808,306

2.2%

Independent

Power/Renewable

Electricity

Producers

39,240

NM

Industrial

Conglomerates

1,876,530

1.5%

Industrial

REITs

522,855

0.4%

Insurance

3,665,672

2.9%

Interactive

Media

&

Services

41,109

NM

IT

Services

1,476,470

1.2%

Leisure

Products

44,816

NM

Life

Sciences

Tools

&

Services

2,282,760

1.8%

Machinery

1,563,470

1.2%

Media

1,263,399

1.0%

Metals

&

Mining

873,014

0.7%

Multi-Utilities

1,703,007

1.4%

Office

REITs

113,064

0.1%

Value

%

of

Net

Assets

Oil,

Gas

&

Consumable

Fuels

$

6,845,237

5.4%

Passenger

Airlines

91,485

0.1%

Personal

Care

Products

327,251

0.3%

Pharmaceuticals

5,034,904

4.0%

Professional

Services

957,367

0.7%

Real

Estate

Management

&

Development

172,519

0.1%

Residential

REITs

515,812

0.4%

Retail

REITs

459,551

0.3%

Semiconductors

&

Semiconductor

Equipment

5,544,103

4.3%

Software

9,358,058

7.3%

Specialized

REITs

1,889,025

1.5%

Specialty

Retail

2,680,962

2.1%

Technology

Hardware,

Storage

&

Peripherals

10,092,732

7.9%

Textiles,

Apparel

&

Luxury

Goods

458,436

0.4%

Tobacco

975,296

0.8%

Trading

Companies

&

Distributors

110,200

0.1%

Water

Utilities

158,183

0.1%

Wireless

Telecommunication

Services

307,453

0.2%

Other

\*\*

571,856

0.5%

Total

$

127,416,498

100.0%

NM

Not

meaningful,

amount

is

less

than

0.05%

\*\*

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

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Materials

UltraSector

ProFund

Common

Stocks

(75.9%)

Shares

Value

Air

Products

&

Chemicals,

Inc.

(Chemicals)

525

$

142,322

Albemarle

Corp.

(Chemicals)

25,294

Amcor

PLC

(Containers

&

Packaging)

8,388

77,171

Avery

Dennison

Corp.

(Containers

&

Packaging)

50,477

Ball

Corp.

(Containers

&

Packaging)

1,096

56,926

CF

Industries

Holdings,

Inc.

(Chemicals)

639

50,078

Corteva,

Inc.

(Chemicals)

2,111

130,861

Dow,

Inc.

(Chemicals)

2,584

79,045

DuPont

de

Nemours,

Inc.

(Chemicals)

1,535

101,295

Eastman

Chemical

Co.

(Chemicals)

32,571

Ecolab,

Inc.

(Chemicals)

594

149,349

Freeport-McMoRan,

Inc.

(Metals

&

Mining)

3,388

122,070

International

Flavors

&

Fragrances,

Inc.

(Chemicals)

939

73,674

International

Paper

Co.

(Containers

&

Packaging)

1,936

88,437

Linde

PLC

(Chemicals)

1,123

508,977

LyondellbBasell

Industries

N.V.

-

Class

A

(Chemicals)

952

55,416

Martin

Marietta

Materials,

Inc.

(Construction

Materials)

117,372

Newmont

Corp.

(Metals

&

Mining)

2,855

150,401

Nucor

Corp.

(Metals

&

Mining)

862

102,897

Packaging

Corp.

of

America

(Containers

&

Packaging)

60,694

PPG

Industries,

Inc.

(Chemicals)

852

92,749

Smurfit

WestRock

PLC

\*

(Containers

&

Packaging)

1,815

76,266

Steel

Dynamics,

Inc.

(Metals

&

Mining)

520

67,449

The

Mosaic

Co.

(Chemicals)

1,166

35,446

The

Sherwin-Williams

Co.

(Chemicals)

546

192,694

Common

Stocks

(75.9%),

continued

Shares

Value

Vulcan

Materials

Co.

(Construction

Materials)

$

127,230

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,301,892)

2,767,161

Repurchase

Agreements

(a)(b) (27.1%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$988,116

$

988,000

988,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$988,000)

988,000

TOTAL

INVESTMENT

SECURITIES

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

$2,289,892)— 103.0%

3,755,161

Net

other

assets

(liabilities) —

(3.0)%

(108,520)

NET

ASSETS

—

100.0%

$

3,646,641

\*

Non-income

producing

security.

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$399,000.

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

5/23/25

5.08%

$

1,367,957

$

39,197

S&P

Materials

Select

Sector

Index

UBS

AG

5/23/25

5.13%

1,357,249

36,454

$2,725,206

$75,651

(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

April

30,

2025,

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).

Materials

UltraSector

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Chemicals

$

1,669,771

45.8%

Construction

Materials

244,602

6.7%

Containers

&

Packaging

409,971

11.2%

Metals

&

Mining

442,817

12.2%

Other

\*\*

879,480

24.1%

Total

$

3,646,641

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.

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Mid-Cap

Growth

ProFund

I

Common

Stocks

(99.6%)

Shares

Value

AAON,

Inc.

(Building

Products)

$

21,814

Abercrombie

&

Fitch

Co.

\*

(Specialty

Retail)

12,357

Acuity

Brands,

Inc.

(Electrical

Equipment)

26,553

Advanced

Drainage

Systems,

Inc.

(Building

Products)

13,619

AECOM

(Construction

&

Engineering)

24,564

Affiliated

Managers

Group,

Inc.

(Capital

Markets)

6,956

Agree

Realty

Corp.

(Retail

REITs)

12,030

Alaska

Air

Group,

Inc.

\*

(Passenger

Airlines)

19,302

Allegro

MicroSystems,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

3,356

American

Airlines

Group,

Inc.

\*

(Passenger

Airlines)

2,328

23,163

American

Financial

Group,

Inc.

(Insurance)

14,313

American

Homes

Rent

-

Class

A

(Residential

REITs)

15,966

Antero

Midstream

Corp.

(Oil,

Gas

&

Consumable

Fuels)

593

9,814

Appfolio,

Inc.

\*

-

Class

A

(Software)

16,935

Applied

Industrial

Technologies,

Inc.

(Trading

Companies

&

Distributors)

33,086

AptarGroup,

Inc.

(Containers

&

Packaging)

18,743

ATI,

Inc.

\*

(Metals

&

Mining)

505

27,462

Axalta

Coating

Systems,

Ltd.

\*

(Chemicals)

13,553

Bath

&

Body

Works,

Inc.

(Retail

-

Discretionary)

11,929

Belden,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

14,745

BellRing

Brands,

Inc.

\*

(Personal

Care

Products)

16,122

BJ's

Wholesale

Club

Holdings,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

25,863

Blackbaud,

Inc.

\*

(Software)

3,996

Boyd

Gaming

Corp.

(Hotels,

Restaurants

&

Leisure)

9,887

Brixmor

Property

Group,

Inc.

(Retail

REITs)

585

14,572

Bruker

Corp.

(Life

Sciences

Tools

&

Services)

7,211

Burlington

Stores,

Inc.

\*

(Specialty

Retail)

49,959

BWX

Technologies,

Inc.

(Aerospace

&

Defense)

35,355

Cabot

Corp.

(Chemicals)

8,482

CACI

International,

Inc.

\*

-

Class

A

(Professional

Services)

21,978

Carlisle

Cos.,

Inc.

(Building

Products)

59,577

Carpenter

Technology

Corp.

(Metals

&

Mining)

34,622

Casey's

General

Stores,

Inc.

(Consumer

Staples

Distribution

&

Retail)

42,096

Cava

Group,

Inc.

\*

(Leisure

Facilities

&

Services)

20,797

Celsius

Holdings,

Inc.

\*

(Beverages)

12,481

ChampionX

Corp.

(Energy

Equipment

&

Services)

6,515

Chart

Industries,

Inc.

\*

(Machinery)

20,112

Chemed

Corp.

(Health

Care

Providers

&

Services)

13,956

Chewy,

Inc.

\*

(Specialty

Retail)

587

22,013

Choice

Hotels

International,

Inc.

(Hotels,

Restaurants

&

Leisure)

9,963

Churchill

Downs,

Inc.

(Hotels,

Restaurants

&

Leisure)

23,507

Ciena

Corp.

\*

(Communications

Equipment)

20,282

Cirrus

Logic,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

11,045

Clean

Harbors,

Inc.

\*

(Commercial

Services

&

Supplies)

38,295

CNX

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

527

15,510

Coca-Cola

Consolidated,

Inc.

(Beverages)

28,472

Cognex

Corp.

(Electronic

Equipment,

Instruments

&

Components)

6,579

Coherent

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

549

35,312

Comfort

Systems

USA,

Inc.

(Construction

&

Engineering)

50,091

Commerce

Bancshares,

Inc.

(Banks)

14,942

CommVault

Systems,

Inc.

\*

(Software)

26,072

COPT

Defense

Properties

(Office

REITs)

5,405

Core

&

Main,

Inc.

\*

-

Class

A

(Trading

Companies

&

Distributors)

22,020

Crane

Co.

(Machinery)

14,649

Common

Stocks

(99.6%),

continued

Shares

Value

Crane

NXT

Co.

(Electronic

Equipment,

Instruments

&

Components)

$

3,284

Crocs,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

19,091

CubeSmart

(Specialized

REITs)

17,569

Cullen/Frost

Bankers,

Inc.

(Banks)

18,519

Curtiss-Wright

Corp.

(Aerospace

&

Defense)

45,870

Cytokinetics,

Inc.

\*

(Biotechnology)

8,954

Dick's

Sporting

Goods,

Inc.

(Specialty

Retail)

23,092

DocuSign,

Inc.

\*

(Software)

715

58,452

Donaldson

Co.,

Inc.

(Machinery)

15,841

Doximity,

Inc.

\*

-

Class

A

(Health

Care

Technology)

26,904

Dropbox,

Inc.

\*

-

Class

A

(Software)

13,361

DT

Midstream,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

34,895

Duolingo,

Inc.

\*

(Diversified

Consumer

Services)

52,190

Dynatrace,

Inc.

\*

(Software)

1,060

49,788

Eagle

Materials,

Inc.

(Construction

Materials)

26,714

East

West

Bancorp,

Inc.

(Banks)

42,004

EastGroup

Properties,

Inc.

(Industrial

REITs)

14,054

EchoStar

Corp.

\*

-

Class

A

(Media)

4,721

elf

Beauty,

Inc.

\*

(Personal

Care

Products)

12,374

EMCOR

Group,

Inc.

(Construction

&

Engineering)

65,315

Encompass

Health

Corp.

(Health

Care

Providers

&

Services)

29,598

Entegris,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

21,996

Equitable

Holdings,

Inc.

(Financial

Services)

1,098

54,297

Equity

LifeStyle

Properties,

Inc.

(Residential

REITs)

21,895

Esab

Corp.

(Machinery)

24,144

Euronet

Worldwide,

Inc.

\*

(Financial

Services)

8,523

Evercore

Partners,

Inc.

(Capital

Markets)

25,661

Exelixis,

Inc.

\*

(Biotechnology)

991

38,798

ExlService

Holdings,

Inc.

\*

(Professional

Services)

570

27,634

Exponent,

Inc.

(Professional

Services)

8,497

Fabrinet

\*

(Electronic

Equipment,

Instruments

&

Components)

26,043

Federated

Hermes,

Inc.

(Capital

Markets)

6,822

First

Financial

Bankshares,

Inc.

(Banks)

8,545

First

Industrial

Realty

Trust,

Inc.

(Industrial

REITs)

12,038

FirstCash

Holdings,

Inc.

(Consumer

Finance)

11,788

Floor

&

Decor

Holdings,

Inc.

\*

-

Class

A

(Specialty

Retail)

15,217

Flowserve

Corp.

(Machinery)

14,745

GameStop

Corp.

\*

-

Class

A

(Specialty

Retail)

633

17,635

Gaming

and

Leisure

Properties,

Inc.

(Specialized

REITs)

20,005

GATX

Corp.

\*

(Trading

Companies

&

Distributors)

11,385

Genpact,

Ltd.

(Professional

Services)

15,179

Gentex

Corp.

(Automobile

Components)

7,187

Glacier

Bancorp,

Inc.

(Banks)

7,378

Globus

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

28,923

Graco,

Inc.

(Machinery)

23,912

Grand

Canyon

Education,

Inc.

\*

(Diversified

Consumer

Services)

18,194

Graphic

Packaging

Holding

Co.

(Containers

&

Packaging)

10,504

Guidewire

Software,

Inc.

\*

(Software)

60,613

H&R

Block,

Inc.

(Diversified

Consumer

Services)

28,615

Haemonetics

Corp.

\*

(Health

Care

Equipment

&

Supplies)

6,491

Halozyme

Therapeutics,

Inc.

\*

(Biotechnology)

27,700

Hamilton

Lane,

Inc.

-

Class

A

(Capital

Markets)

23,637

HealthEquity,

Inc.

\*

(Health

Care

Providers

&

Services)

26,316

Hexcel

Corp.

(Aerospace

&

Defense)

6,980

Hilton

Grand

Vacations,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

7,399

Hims

&

Hers

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

677

22,409

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Mid-Cap

Growth

ProFund

Common

Stocks

(99.6%),

continued

Shares

Value

Home

BancShares,

Inc.

(Banks)

$

6,910

Houlihan

Lokey,

Inc.

(Capital

Markets)

30,958

Hyatt

Hotels

Corp.

-

Class

A

(Hotels,

Restaurants

&

Leisure)

17,015

IDACORP,

Inc.

(Electric

Utilities)

9,093

Illumina,

Inc.

\*

(Life

Sciences

Tools

&

Services)

22,659

Independence

Realty

Trust,

Inc.

(Residential

REITs)

9,521

Ingredion,

Inc.

(Food

Products)

13,017

Interactive

Brokers

Group,

Inc.

(Capital

Markets)

66,335

International

Bancshares

Corp.

(Banks)

8,179

Iridium

Communications,

Inc.

(Diversified

Telecommunication

Services)

4,561

ITT,

Inc.

(Machinery)

28,089

Janus

Henderson

Group

PLC

(Capital

Markets)

5,978

Jefferies

Financial

Group,

Inc.

(Capital

Markets)

14,299

Jones

Lang

LaSalle,

Inc.

\*

(Real

Estate

Management

&

Development)

20,239

KB

Home

(Household

Durables)

6,916

KBR,

Inc.

(Professional

Services)

10,456

Kinsale

Capital

Group,

Inc.

(Insurance)

33,950

Kirby

Corp.

\*

(Marine

Transportation)

19,563

Kite

Realty

Group

Trust

(Retail

REITs)

7,231

Knife

River

Corp.

\*

(Construction

Materials)

18,676

Kyndryl

Holdings,

Inc.

\*

(IT

Services)

14,946

Lamar

Advertising

Co.

-

Class

A

(Specialized

REITs)

22,306

Lancaster

Colony

Corp.

(Food

Products)

5,372

Lantheus

Holdings,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

25,668

Lattice

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

11,694

Light

&

Wonder,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

26,724

Lincoln

Electric

Holdings,

Inc.

(Machinery)

20,087

LivaNova

PLC

\*

(Health

Care

Equipment

&

Supplies)

2,923

Louisiana-Pacific

Corp.

(Paper

&

Forest

Products)

19,075

Lumentum

Holdings,

Inc.

\*

(Communications

Equipment)

9,092

MACOM

Technology

Solutions

Holdings,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

21,891

Manhattan

Associates,

Inc.

\*

(Software)

38,316

Maplebear,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

10,531

Masimo

Corp.

\*

(Health

Care

Equipment

&

Supplies)

25,271

MasTec,

Inc.

\*

(Construction

&

Engineering)

27,756

Matador

Resources

Co.

(Oil,

Gas

&

Consumable

Fuels)

10,399

Medpace

Holdings,

Inc.

\*

(Life

Sciences

Tools

&

Services)

27,138

MGIC

Investment

Corp.

(Financial

Services)

10,512

MKS

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

6,874

Morningstar,

Inc.

(Capital

Markets)

27,334

MSA

Safety,

Inc.

(Commercial

Services

&

Supplies)

10,862

Mueller

Industries,

Inc.

(Machinery)

29,645

Murphy

USA,

Inc.

(Specialty

Retail)

31,908

National

Storage

Affiliates

Trust

(Specialized

REITs)

9,226

Neurocrine

Biosciences,

Inc.

\*

(Biotechnology)

38,015

NewMarket

Corp.

(Chemicals)

7,384

Novanta,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

9,271

nVent

Electric

PLC

(Electrical

Equipment)

584

32,068

Okta,

Inc.

\*

(IT

Services)

580

65,052

Ollie's

Bargain

Outlet

Holdings,

Inc.

\*

(Broadline

Retail)

13,582

Omega

Healthcare

Investors,

Inc.

(Health

Care

REITs)

15,581

Onto

Innovation,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

11,953

Ormat

Technologies,

Inc.

(Independent

Power/

Renewable

Electricity

Producers)

6,679

Common

Stocks

(99.6%),

continued

Shares

Value

Owens

Corning

(Building

Products)

$

44,205

Park

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

3,559

Parsons

Corp.

\*

(Professional

Services)

11,032

Paylocity

Holding

Corp.

\*

(Professional

Services)

29,583

Penumbra,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

25,770

Permian

Resources

Corp.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

2,265

26,727

Pilgrim's

Pride

Corp.

\*

(Food

Products)

7,805

Pinnacle

Financial

Partners,

Inc.

(Banks)

17,342

Planet

Fitness,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

28,187

Post

Holdings,

Inc.

\*

(Food

Products)

10,298

Power

Integrations,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

3,389

Primerica,

Inc.

(Insurance)

30,924

Pure

Storage,

Inc.

\*

-

Class

A

(Technology

Hardware,

Storage

&

Peripherals)

1,097

49,760

Qualys,

Inc.

\*

(Software)

9,428

Rambus,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

18,394

Range

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

13,334

Rb

Global,

Inc.

(Commercial

Services

&

Supplies)

653

65,758

RBC

Bearings,

Inc.

\*

(Machinery)

36,472

RenaissanceRe

Holdings,

Ltd.

(Insurance)

42,096

Repligen

Corp.

\*

(Life

Sciences

Tools

&

Services)

10,625

RH

\*

(Specialty

Retail)

4,969

RLI

Corp.

(Insurance)

21,833

Roivant

Sciences,

Ltd.

\*

(Biotechnology)

1,491

17,325

Royal

Gold,

Inc.

(Metals

&

Mining)

19,185

RPM

International,

Inc.

(Chemicals)

27,648

Ryan

Specialty

Holdings,

Inc.

(Insurance)

24,697

Ryder

System,

Inc.

(Ground

Transportation)

10,876

Saia,

Inc.

\*

(Ground

Transportation)

22,936

Sarepta

Therapeutics,

Inc.

\*

(Biotechnology)

21,091

SEI

Investments

Co.

(Capital

Markets)

16,284

Service

Corp.

International

(Diversified

Consumer

Services)

24,849

Shift4

Payments,

Inc.

\*

-

Class

A

(Financial

Services)

19,877

Silicon

Laboratories,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

4,986

Simpson

Manufacturing

Co.,

Inc.

(Building

Products)

15,215

SLM

Corp.

(Consumer

Finance)

745

21,538

Sotera

Health

Co.

\*

(Life

Sciences

Tools

&

Services)

2,864

Sprouts

Farmers

Market,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

60,533

Stifel

Financial

Corp.

(Capital

Markets)

22,022

Synovus

Financial

Corp.

(Banks)

10,613

Tempur

Sealy

International,

Inc.

(Household

Durables)

24,424

Tenet

Healthcare

Corp.

\*

(Health

Care

Providers

&

Services)

29,305

Tetra

Tech,

Inc.

(Commercial

Services

&

Supplies)

949

29,599

Texas

Roadhouse,

Inc.

(Hotels,

Restaurants

&

Leisure)

39,166

The

Brink's

Co.

(Commercial

Services

&

Supplies)

6,871

The

Carlyle

Group,

Inc.

(Capital

Markets)

10,665

The

Ensign

Group,

Inc.

(Health

Care

Providers

&

Services)

26,056

The

New

York

Times

Co.

-

Class

A

(Media)

16,242

The

Scotts

Miracle-Gro

Co.

(Chemicals)

2,821

The

Toro

Co.

(Machinery)

10,242

The

Wendy's

Co.

(Hotels,

Restaurants

&

Leisure)

3,413

Toll

Brothers,

Inc.

(Household

Durables)

35,708

TopBuild

Corp.

\*

(Household

Durables)

30,759

Travel

+

Leisure

Co.

(Hotels,

Restaurants

&

Leisure)

10,631

Trex

Co.,

Inc.

\*

(Building

Products)

10,755

UMB

Financial

Corp.

(Banks)

13,240

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Mid-Cap

Growth

ProFund

Common

Stocks

(99.6%),

continued

Shares

Value

United

Therapeutics

Corp.

\*

(Biotechnology)

$

47,888

Universal

Display

Corp.

(Semiconductors

&

Semiconductor

Equipment)

9,045

Vail

Resorts,

Inc.

(Hotels,

Restaurants

&

Leisure)

9,744

Valaris,

Ltd.

\*

(Energy

Equipment

&

Services)

7,496

Valmont

Industries,

Inc.

(Construction

&

Engineering)

15,247

Valvoline,

Inc.

\*

(Specialty

Retail)

15,417

Viper

Energy,

Inc.

(Oil

&

Gas

Producers)

18,753

Vontier

Corp.

(Electronic

Equipment,

Instruments

&

Components)

7,030

Vornado

Realty

Trust

(Office

REITs)

15,135

Voya

Financial,

Inc.

(Financial

Services)

10,478

Warner

Music

Group

Corp.

\*

-

Class

A

(Entertainment)

7,521

Watsco,

Inc.

(Trading

Companies

&

Distributors)

34,948

Watts

Water

Technologies,

Inc.

-

Class

A

(Machinery)

10,180

Weatherford

International

PLC

\*

(Energy

Equipment

&

Services)

5,134

Western

Alliance

Bancorp

(Banks)

26,908

WEX,

Inc.

\*

(Financial

Services)

11,342

Wingstop,

Inc.

(Hotels,

Restaurants

&

Leisure)

27,180

Wintrust

Financial

Corp.

(Banks)

13,563

Woodward,

Inc.

(Aerospace

&

Defense)

39,390

Wyndham

Hotels

&

Resorts,

Inc.

(Hotels,

Restaurants

&

Leisure)

23,458

XPO,

Inc.

\*

(Ground

Transportation)

21,542

YETI

Holdings,

Inc.

\*

(Leisure

Products)

3,597

Zions

Bancorp

N.A.

(Banks)

9,399

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $4,119,198)

4,910,794

Repurchase

Agreements

(a) (0.2%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$9,001

$

9,000

9,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$9,000)

9,000

TOTAL

INVESTMENT

SECURITIES

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

$4,128,198)— 99.8%

4,919,794

Net

other

assets

(liabilities) —

0.2%

8,358

NET

ASSETS

—

100.0%

$

4,928,152

\*

Non-income

producing

security.

(a) The

ProFund

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

Mid-Cap

Growth

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

127,595

2.6%

Automobile

Components

7,187

0.1%

Banks

197,542

4.0%

Beverages

40,953

0.8%

Biotechnology

199,771

4.1%

Value

%

of

Net

Assets

Broadline

Retail

$

13,582

0.3%

Building

Products

165,185

3.3%

Capital

Markets

256,950

5.2%

Chemicals

59,888

1.2%

Commercial

Services

&

Supplies

151,385

3.1%

Communications

Equipment

29,375

0.6%

Construction

&

Engineering

182,973

3.7%

Construction

Materials

45,390

0.9%

Consumer

Finance

33,326

0.7%

Consumer

Staples

Distribution

&

Retail

139,024

2.8%

Containers

&

Packaging

29,247

0.6%

Diversified

Consumer

Services

123,848

2.5%

Diversified

Telecommunication

Services

4,561

0.1%

Electric

Utilities

9,093

0.2%

Electrical

Equipment

58,621

1.2%

Electronic

Equipment,

Instruments

&

Components

102,264

2.1%

Energy

Equipment

&

Services

19,145

0.4%

Entertainment

7,521

0.2%

Financial

Services

115,029

2.3%

Food

Products

36,491

0.8%

Ground

Transportation

55,354

1.1%

Health

Care

Equipment

&

Supplies

115,046

2.3%

Health

Care

Providers

&

Services

147,640

3.0%

Health

Care

REITs

15,581

0.3%

Health

Care

Technology

26,904

0.6%

Hotel

&

Resort

REITs

3,558

0.1%

Hotels,

Restaurants

&

Leisure

236,274

4.8%

Household

Durables

97,807

2.0%

Independent

Power/Renewable

Electricity

Producers

6,679

0.1%

Industrial

REITs

26,092

0.5%

Insurance

167,813

3.4%

IT

Services

79,998

1.6%

Leisure

Facilities

&

Services

20,797

0.4%

Leisure

Products

3,597

0.1%

Life

Sciences

Tools

&

Services

70,497

1.4%

Machinery

248,117

5.0%

Marine

Transportation

19,563

0.4%

Media

20,963

0.4%

Metals

&

Mining

81,269

1.7%

Office

REITs

20,540

0.4%

Oil

&

Gas

Producers

18,753

0.4%

Oil,

Gas

&

Consumable

Fuels

110,679

2.2%

Paper

&

Forest

Products

19,075

0.4%

Passenger

Airlines

42,465

0.9%

Personal

Care

Products

28,496

0.6%

Professional

Services

124,359

2.5%

Real

Estate

Management

&

Development

20,240

0.4%

Residential

REITs

47,382

1.0%

Retail

-

Discretionary

11,930

0.2%

Retail

REITs

33,833

0.7%

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Mid-Cap

Growth

ProFund

Value

%

of

Net

Assets

Semiconductors

&

Semiconductor

Equipment

$

124,623

2.5%

Software

276,960

5.6%

Specialized

REITs

69,107

1.4%

Specialty

Retail

192,567

3.9%

Technology

Hardware,

Storage

&

Peripherals

49,760

1.0%

Textiles,

Apparel

&

Luxury

Goods

19,091

0.4%

Trading

Companies

&

Distributors

101,439

2.1%

Other

\*\*

17,358

0.4%

Total

$

4,928,152

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

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Mid-Cap

ProFund

Common

Stocks

(77.7%)

Shares

Value

AAON,

Inc.

(Building

Products)

$

22,544

Abercrombie

&

Fitch

Co.

\*

(Specialty

Retail)

12,912

Acadia

Healthcare

Company,

Inc.

\*

(Health

Care

Providers

&

Services)

8,003

Acuity

Brands,

Inc.

(Electrical

Equipment)

27,284

Advanced

Drainage

Systems,

Inc.

(Building

Products)

29,507

AECOM

(Construction

&

Engineering)

48,043

Affiliated

Managers

Group,

Inc.

(Capital

Markets)

17,888

AGCO

Corp.

(Machinery)

19,256

Agree

Realty

Corp.

(Retail

REITs)

30,500

Alaska

Air

Group,

Inc.

\*

(Passenger

Airlines)

20,010

Albertsons

Cos.,

Inc.

-

Class

A

(Consumer

Staples

Distribution

&

Retail)

1,491

32,772

Alcoa

Corp.

(Metals

&

Mining)

949

23,279

Allegro

MicroSystems,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

9,173

ALLETE,

Inc.

(Electric

Utilities)

13,949

Ally

Financial,

Inc.

(Consumer

Finance)

1,010

32,987

Amcor

PLC

(Containers

&

Packaging)

—

(a) 2

Amedisys,

Inc.

\*

(Health

Care

Providers

&

Services)

11,483

American

Airlines

Group,

Inc.

\*

(Passenger

Airlines)

2,417

24,049

American

Financial

Group,

Inc.

(Insurance)

33,692

American

Homes

Rent

-

Class

A

(Residential

REITs)

1,166

43,597

Amkor

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

7,277

Annaly

Capital

Management,

Inc.

(Mortgage

REITs)

2,125

41,650

Antero

Midstream

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,231

20,373

Antero

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,076

37,477

Appfolio,

Inc.

\*

-

Class

A

(Software)

17,761

Applied

Industrial

Technologies,

Inc.

(Trading

Companies

&

Distributors)

34,302

AptarGroup,

Inc.

(Containers

&

Packaging)

36,438

Aramark

(Hotels,

Restaurants

&

Leisure)

973

32,527

Arrow

Electronics,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

21,381

ASGN,

Inc.

\*

(IT

Services)

8,162

Ashland,

Inc.

(Chemicals)

9,464

Associated

Banc-Corp.

(Banks)

603

13,302

ATI,

Inc.

\*

(Metals

&

Mining)

524

28,495

Autoliv,

Inc.

(Automobile

Components)

24,427

AutoNation,

Inc.

\*

(Specialty

Retail)

16,370

Avantor,

Inc.

\*

(Life

Sciences

Tools

&

Services)

2,501

32,488

Avient

Corp.

(Chemicals)

11,159

Avis

Budget

Group,

Inc.

\*

(Ground

Transportation)

5,650

Avnet,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

14,896

Axalta

Coating

Systems,

Ltd.

\*

(Chemicals)

802

26,064

Bank

OZK

(Banks)

16,571

Bath

&

Body

Works,

Inc.

(Retail

-

Discretionary)

796

24,286

Belden,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

15,157

BellRing

Brands,

Inc.

\*

(Personal

Care

Products)

36,410

BILL

Holdings,

Inc.

\*

(Software)

15,767

BioMarin

Pharmaceutical,

Inc.

\*

(Biotechnology)

699

44,518

Bio-Rad

Laboratories,

Inc.

\*

-

Class

A

(Life

Sciences

Tools

&

Services)

17,574

BJ's

Wholesale

Club

Holdings,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

57,017

Black

Hills

Corp.

(Multi-Utilities)

16,077

Blackbaud,

Inc.

\*

(Software)

8,415

Boyd

Gaming

Corp.

(Hotels,

Restaurants

&

Leisure)

16,801

Brighthouse

Financial,

Inc.

\*

(Insurance)

12,517

Brixmor

Property

Group,

Inc.

(Retail

REITs)

1,125

28,024

Bruker

Corp.

(Life

Sciences

Tools

&

Services)

16,304

Brunswick

Corp.

(Leisure

Products)

11,190

Burlington

Stores,

Inc.

\*

(Specialty

Retail)

51,983

BWX

Technologies,

Inc.

(Aerospace

&

Defense)

36,555

Common

Stocks

(77.7%),

continued

Shares

Value

Cabot

Corp.

(Chemicals)

$

15,551

CACI

International,

Inc.

\*

-

Class

A

(Professional

Services)

37,546

Cadence

Bank

(Banks)

675

19,751

Capri

Holdings,

Ltd.

\*

(Textiles,

Apparel

&

Luxury

Goods)

6,527

Carlisle

Cos.,

Inc.

(Building

Products)

62,234

Carpenter

Technology

Corp.

(Metals

&

Mining)

35,992

Casey's

General

Stores,

Inc.

(Consumer

Staples

Distribution

&

Retail)

63,375

Cava

Group,

Inc.

\*

(Leisure

Facilities

&

Services)

27,637

Celsius

Holdings,

Inc.

\*

(Beverages)

579

20,242

ChampionX

Corp.

(Energy

Equipment

&

Services)

701

16,915

Chart

Industries,

Inc.

\*

(Machinery)

20,922

Chemed

Corp.

(Health

Care

Providers

&

Services)

31,983

Chewy,

Inc.

\*

(Specialty

Retail)

609

22,838

Choice

Hotels

International,

Inc.

(Hotels,

Restaurants

&

Leisure)

10,341

Chord

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

20,302

Churchill

Downs,

Inc.

(Hotels,

Restaurants

&

Leisure)

24,411

Ciena

Corp.

\*

(Communications

Equipment)

522

35,058

Cirrus

Logic,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

18,824

Civitas

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

8,911

Clean

Harbors,

Inc.

\*

(Commercial

Services

&

Supplies)

39,793

Cleveland-Cliffs,

Inc.

\*

(Metals

&

Mining)

1,779

14,659

CNH

Industrial

N.V.

(Machinery)

3,213

37,174

CNO

Financial

Group,

Inc.

(Insurance)

14,190

CNX

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

546

16,069

Coca-Cola

Consolidated,

Inc.

(Beverages)

29,827

Cognex

Corp.

(Electronic

Equipment,

Instruments

&

Components)

624

17,035

Coherent

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

569

36,598

Columbia

Banking

System,

Inc.

(Banks)

771

17,286

Columbia

Sportswear

Co.

(Textiles,

Apparel

&

Luxury

Goods)

7,398

Comerica,

Inc.

(Banks)

25,961

Comfort

Systems

USA,

Inc.

(Construction

&

Engineering)

52,079

Commerce

Bancshares,

Inc.

(Banks)

27,212

Commercial

Metals

Co.

(Metals

&

Mining)

18,573

CommVault

Systems,

Inc.

\*

(Software)

27,075

Concentrix

Corp.

(Professional

Services)

8,680

COPT

Defense

Properties

(Office

REITs)

10,783

Core

&

Main,

Inc.

\*

-

Class

A

(Trading

Companies

&

Distributors)

699

36,823

Coty,

Inc.

\*

-

Class

A

(Personal

Care

Products)

1,346

6,797

Cousins

Properties,

Inc.

(Office

REITs)

616

16,965

Crane

Co.

(Machinery)

28,654

Crane

NXT

Co.

(Electronic

Equipment,

Instruments

&

Components)

8,446

Crocs,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

19,959

Crown

Holdings,

Inc.

(Containers

&

Packaging)

41,326

CubeSmart

(Specialized

REITs)

830

33,756

Cullen/Frost

Bankers,

Inc.

(Banks)

27,370

Curtiss-Wright

Corp.

(Aerospace

&

Defense)

47,939

Cytokinetics,

Inc.

\*

(Biotechnology)

18,593

Darling

Ingredients,

Inc.

\*

(Food

Products)

585

18,831

DENTSPLY

SIRONA,

Inc.

(Health

Care

Equipment

&

Supplies)

730

10,147

Dick's

Sporting

Goods,

Inc.

(Specialty

Retail)

39,989

DocuSign,

Inc.

\*

(Software)

742

60,658

Dolby

Laboratories,

Inc.

-

Class

A

(Software)

17,278

Donaldson

Co.,

Inc.

(Machinery)

28,921

Doximity,

Inc.

\*

-

Class

A

(Health

Care

Technology)

27,928

Dropbox,

Inc.

\*

-

Class

A

(Software)

796

22,726

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Mid-Cap

ProFund

Common

Stocks

(77.7%),

continued

Shares

Value

DT

Midstream,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

$

36,158

Duolingo,

Inc.

\*

(Diversified

Consumer

Services)

54,138

Dynatrace,

Inc.

\*

(Software)

1,100

51,667

Eagle

Materials,

Inc.

(Construction

Materials)

27,846

East

West

Bancorp,

Inc.

(Banks)

509

43,544

EastGroup

Properties,

Inc.

(Industrial

REITs)

31,049

EchoStar

Corp.

\*

-

Class

A

(Media)

9,981

elf

Beauty,

Inc.

\*

(Personal

Care

Products)

12,807

EMCOR

Group,

Inc.

(Construction

&

Engineering)

68,118

Encompass

Health

Corp.

(Health

Care

Providers

&

Services)

43,286

EnerSys

(Electrical

Equipment)

12,557

Entegris,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

556

43,990

Envista

Holdings

Corp.

\*

(Health

Care

Equipment

&

Supplies)

632

10,163

EPR

Properties

(Specialized

REITs)

13,758

Equitable

Holdings,

Inc.

(Financial

Services)

1,139

56,324

Equity

LifeStyle

Properties,

Inc.

(Residential

REITs)

701

45,411

Esab

Corp.

(Machinery)

25,105

Essent

Group,

Ltd.

(Financial

Services)

22,032

Essential

Utilities,

Inc.

(Water

Utilities)

928

38,169

Euronet

Worldwide,

Inc.

\*

(Financial

Services)

14,964

Evercore

Partners,

Inc.

(Capital

Markets)

26,893

Exelixis,

Inc.

\*

(Biotechnology)

1,029

40,285

ExlService

Holdings,

Inc.

\*

(Professional

Services)

591

28,652

Exponent,

Inc.

(Professional

Services)

14,634

F.N.B.

Corp.

(Banks)

1,321

17,292

Fabrinet

\*

(Electronic

Equipment,

Instruments

&

Components)

27,273

Federated

Hermes,

Inc.

(Capital

Markets)

11,614

Fidelity

National

Financial,

Inc.

(Insurance)

955

61,168

First

American

Financial

Corp.

(Insurance)

22,986

First

Financial

Bankshares,

Inc.

(Banks)

15,817

First

Horizon

Corp.

(Banks)

1,926

34,821

First

Industrial

Realty

Trust,

Inc.

(Industrial

REITs)

23,171

FirstCash

Holdings,

Inc.

(Consumer

Finance)

19,156

Five

Below,

Inc.

\*

(Specialty

Retail)

15,330

Flex,

Ltd.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,407

48,317

Floor

&

Decor

Holdings,

Inc.

\*

-

Class

A

(Specialty

Retail)

28,219

Flowers

Foods,

Inc.

(Food

Products)

720

12,665

Flowserve

Corp.

(Machinery)

21,846

Fluor

Corp.

\*

(Construction

&

Engineering)

630

21,981

Fortune

Brands

Innovations,

Inc.

(Building

Products)

24,542

Frontier

Communications

Parent,

Inc.

\*

(Diversified

Telecommunication

Services)

814

29,508

FTI

Consulting,

Inc.

\*

(Professional

Services)

21,450

GameStop

Corp.

\*

-

Class

A

(Specialty

Retail)

1,495

41,651

Gaming

and

Leisure

Properties,

Inc.

(Specialized

REITs)

1,008

48,243

GATX

Corp.

(Trading

Companies

&

Distributors)

19,121

Genpact,

Ltd.

(Professional

Services)

591

29,704

Gentex

Corp.

(Automobile

Components)

836

18,208

Glacier

Bancorp,

Inc.

(Banks)

16,997

Globus

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

29,928

Graco,

Inc.

(Machinery)

620

50,598

Graham

Holdings

Co.

-

Class

B

(Diversified

Consumer

Services)

11,041

Grand

Canyon

Education,

Inc.

\*

(Diversified

Consumer

Services)

18,907

Graphic

Packaging

Holding

Co.

(Containers

&

Packaging)

1,104

27,942

Greif,

Inc.

-

Class

A

(Containers

&

Packaging)

4,933

Common

Stocks

(77.7%),

continued

Shares

Value

Guidewire

Software,

Inc.

\*

(Software)

$

62,863

GXO

Logistics,

Inc.

\*

(Air

Freight

&

Logistics)

15,946

H&R

Block,

Inc.

(Diversified

Consumer

Services)

29,762

Haemonetics

Corp.

\*

(Health

Care

Equipment

&

Supplies)

11,596

Halozyme

Therapeutics,

Inc.

\*

(Biotechnology)

28,745

Hamilton

Lane,

Inc.

-

Class

A

(Capital

Markets)

24,718

Hancock

Whitney

Corp.

(Banks)

16,513

Harley-Davidson,

Inc.

(Automobiles)

9,439

Healthcare

Realty

Trust,

Inc.

(Health

Care

REITs)

1,303

20,236

HealthEquity,

Inc.

\*

(Health

Care

Providers

&

Services)

27,345

Hexcel

Corp.

(Aerospace

&

Defense)

14,493

HF

Sinaclair

Corp.

(Oil,

Gas

&

Consumable

Fuels)

589

17,711

Hilton

Grand

Vacations,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

7,634

Hims

&

Hers

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

704

23,302

Home

BancShares,

Inc.

(Banks)

679

18,842

Houlihan

Lokey,

Inc.

(Capital

Markets)

32,092

Hyatt

Hotels

Corp.

-

Class

A

(Hotels,

Restaurants

&

Leisure)

17,691

IDACORP,

Inc.

(Electric

Utilities)

23,146

Illumina,

Inc.

\*

(Life

Sciences

Tools

&

Services)

583

45,241

Independence

Realty

Trust,

Inc.

(Residential

REITs)

847

16,457

Ingredion,

Inc.

(Food

Products)

31,478

Insperity,

Inc.

(Professional

Services)

8,516

Interactive

Brokers

Group,

Inc.

(Capital

Markets)

68,913

International

Bancshares

Corp.

(Banks)

11,964

IPG

Photonics

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

5,749

Iridium

Communications,

Inc.

(Diversified

Telecommunication

Services)

9,676

ITT,

Inc.

(Machinery)

40,969

Janus

Henderson

Group

PLC

(Capital

Markets)

15,542

Jazz

Pharmaceuticals

PLC

\*

(Pharmaceuticals)

26,082

Jefferies

Financial

Group,

Inc.

(Capital

Markets)

599

27,991

Jones

Lang

LaSalle,

Inc.

\*

(Real

Estate

Management

&

Development)

39,569

KB

Home

(Household

Durables)

13,832

KBR,

Inc.

(Professional

Services)

25,824

Kemper

Corp.

(Insurance)

13,066

Kilroy

Realty

Corp.

(Office

REITs)

12,320

Kinsale

Capital

Group,

Inc.

(Insurance)

35,691

Kirby

Corp.

\*

(Marine

Transportation)

20,334

Kite

Realty

Group

Trust

(Retail

REITs)

808

17,493

Knife

River

Corp.

\*

(Construction

Materials)

19,516

Knight-Swift

Transportation

Holdings,

Inc.

(Ground

Transportation)

595

23,306

Kyndryl

Holdings,

Inc.

\*

(IT

Services)

855

27,719

Lamar

Advertising

Co.

-

Class

A

(Specialized

REITs)

36,761

Lancaster

Colony

Corp.

(Food

Products)

11,720

Landstar

System,

Inc.

(Ground

Transportation)

17,305

Lantheus

Holdings,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

26,711

Lattice

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

507

24,808

Lear

Corp.

(Automobile

Components)

16,807

Light

&

Wonder,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

27,749

Lincoln

Electric

Holdings,

Inc.

(Machinery)

36,473

Lithia

Motors,

Inc.

(Specialty

Retail)

28,690

Littelfuse,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

16,773

LivaNova

PLC

\*

(Health

Care

Equipment

&

Supplies)

7,400

Louisiana-Pacific

Corp.

(Paper

&

Forest

Products)

19,765

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Mid-Cap

ProFund

Common

Stocks

(77.7%),

continued

Shares

Value

Lumentum

Holdings,

Inc.

\*

(Communications

Equipment)

$

14,996

MACOM

Technology

Solutions

Holdings,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

22,721

Macy's,

Inc.

(Broadline

Retail)

1,021

11,660

Manhattan

Associates,

Inc.

\*

(Software)

39,913

ManpowerGroup,

Inc.

(Professional

Services)

7,408

Maplebear,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

595

23,735

Marriott

Vacations

Worldwide

Corp.

(Hotels,

Restaurants

&

Leisure)

6,522

Masimo

Corp.

\*

(Health

Care

Equipment

&

Supplies)

26,397

MasTec,

Inc.

\*

(Construction

&

Engineering)

28,902

Matador

Resources

Co.

(Oil,

Gas

&

Consumable

Fuels)

16,884

Mattel,

Inc.

\*

(Leisure

Products)

1,237

19,656

Maximus,

Inc.

(Professional

Services)

13,995

Medpace

Holdings,

Inc.

\*

(Life

Sciences

Tools

&

Services)

28,372

MGIC

Investment

Corp.

(Financial

Services)

912

22,718

MKS

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

17,325

Morningstar,

Inc.

(Capital

Markets)

28,472

MSA

Safety,

Inc.

(Commercial

Services

&

Supplies)

22,826

MSC

Industrial

Direct

Co.,

Inc.

(Trading

Companies

&

Distributors)

12,543

Mueller

Industries,

Inc.

(Machinery)

30,675

Murphy

Oil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

505

10,368

Murphy

USA,

Inc.

(Specialty

Retail)

33,404

National

Fuel

Gas

Co.

(Gas

Utilities)

25,568

National

Retail

Properties,

Inc.

(Retail

REITs)

689

28,325

National

Storage

Affiliates

Trust

(Specialized

REITs)

9,598

Neurocrine

Biosciences,

Inc.

\*

(Biotechnology)

39,415

New

Jersey

Resources

Corp.

(Gas

Utilities)

18,010

New

York

Community

Bancorp,

Inc.

(Banks)

1,115

13,057

NewMarket

Corp.

(Chemicals)

17,844

Nexstar

Media

Group,

Inc.

(Media)

15,864

NEXTracker,

Inc.

\*

-

Class

A

(Electrical

Equipment)

528

21,442

Nordstrom,

Inc.

(Broadline

Retail)

8,642

NorthWestern

Energy

Group,

Inc.

(Multi-Utilities)

13,102

NOV,

Inc.

(Energy

Equipment

&

Services)

1,399

16,242

Novanta,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

15,808

nVent

Electric

PLC

(Electrical

Equipment)

605

33,221

OGE

Energy

Corp.

(Electric

Utilities)

738

33,491

Okta,

Inc.

\*

(IT

Services)

599

67,184

Old

National

Bancorp

(Banks)

1,172

24,131

Old

Republic

International

Corp.

(Insurance)

857

32,223

Olin

Corp.

(Chemicals)

9,189

Ollie's

Bargain

Outlet

Holdings,

Inc.

\*

(Broadline

Retail)

23,875

Omega

Healthcare

Investors,

Inc.

(Health

Care

REITs)

1,037

40,494

ONE

Gas,

Inc.

(Gas

Utilities)

16,409

Onto

Innovation,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

22,199

Option

Care

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

626

20,226

Ormat

Technologies,

Inc.

(Independent

Power/

Renewable

Electricity

Producers)

15,319

Oshkosh

Corp.

(Machinery)

20,019

Ovintiv,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

957

32,136

Owens

Corning

(Building

Products)

45,804

Park

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

759

7,544

Parsons

Corp.

\*

(Professional

Services)

11,500

Paylocity

Holding

Corp.

\*

(Professional

Services)

30,736

PBF

Energy,

Inc.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

6,185

Common

Stocks

(77.7%),

continued

Shares

Value

Penske

Automotive

Group,

Inc.

(Specialty

Retail)

$

10,897

Penumbra,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

41,290

Performance

Food

Group

Co.

\*

(Consumer

Staples

Distribution

&

Retail)

575

46,380

Permian

Resources

Corp.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

2,350

27,730

Perrigo

Co.

PLC

(Pharmaceuticals)

501

12,886

Pilgrim's

Pride

Corp.

\*

(Food

Products)

8,023

Pinnacle

Financial

Partners,

Inc.

(Banks)

28,268

Planet

Fitness,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

29,228

Polaris

Industries,

Inc.

(Leisure

Products)

6,520

Portland

General

Electric

Co.

(Electric

Utilities)

16,974

Post

Holdings,

Inc.

\*

(Food

Products)

19,013

PotlatchDeltic

Corp.

(Specialized

REITs)

10,135

Power

Integrations,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

10,266

Primerica,

Inc.

(Insurance)

32,235

Prosperity

Bancshares,

Inc.

(Banks)

23,765

Pure

Storage,

Inc.

\*

-

Class

A

(Technology

Hardware,

Storage

&

Peripherals)

1,139

51,665

PVH

Corp.

(Textiles,

Apparel

&

Luxury

Goods)

14,141

Qualys,

Inc.

\*

(Software)

16,971

Rambus,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

19,077

Range

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

888

30,130

Rayonier,

Inc.

(Specialized

REITs)

515

12,597

Rb

Global,

Inc.

(Commercial

Services

&

Supplies)

677

68,174

RBC

Bearings,

Inc.

\*

(Machinery)

37,786

Regal

Rexnord

Corp.

(Electrical

Equipment)

25,719

Reinsurance

Group

of

America,

Inc.

(Insurance)

45,142

Reliance

Steel

&

Aluminum

Co.

(Metals

&

Mining)

57,071

RenaissanceRe

Holdings,

Ltd.

(Insurance)

43,547

Repligen

Corp.

\*

(Life

Sciences

Tools

&

Services)

26,494

Rexford

Industrial

Realty,

Inc.

(Industrial

REITs)

836

27,672

RH

\*

(Specialty

Retail)

10,122

RLI

Corp.

(Insurance)

22,721

Roivant

Sciences,

Ltd.

\*

(Biotechnology)

1,546

17,965

Royal

Gold,

Inc.

(Metals

&

Mining)

44,033

RPM

International,

Inc.

(Chemicals)

50,385

Ryan

Specialty

Holdings,

Inc.

(Insurance)

25,614

Ryder

System,

Inc.

(Ground

Transportation)

21,339

Sabra

Health

Care

REIT,

Inc.

(Health

Care

REITs)

869

15,512

Saia,

Inc.

\*

(Ground

Transportation)

23,912

Sarepta

Therapeutics,

Inc.

\*

(Biotechnology)

21,965

Science

Applications

International

Corp.

(Professional

Services)

21,785

SEI

Investments

Co.

(Capital

Markets)

27,715

Selective

Insurance

Group,

Inc.

(Insurance)

19,452

Sensata

Technologies

Holding

PLC

(Electrical

Equipment)

550

11,770

Service

Corp.

International

(Diversified

Consumer

Services)

530

42,347

Shift4

Payments,

Inc.

\*

-

Class

A

(Financial

Services)

20,777

Silicon

Laboratories,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

12,109

Siligan

Holdings,

Inc.

(Containers

&

Packaging)

15,443

Simpson

Manufacturing

Co.,

Inc.

(Building

Products)

23,822

Skechers

U.S.A.,

Inc.

\*

-

Class

A

(Textiles,

Apparel

&

Luxury

Goods)

23,194

SLM

Corp.

(Consumer

Finance)

773

22,347

Sonoco

Products

Co.

(Containers

&

Packaging)

14,842

Sotera

Health

Co.

\*

(Life

Sciences

Tools

&

Services)

562

6,463

SouthState

Corp.

(Banks)

31,241

Southwest

Gas

Holdings,

Inc.

(Gas

Utilities)

15,958

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Mid-Cap

ProFund

Common

Stocks

(77.7%),

continued

Shares

Value

Spire,

Inc.

(Gas

Utilities)

$

16,456

Sprouts

Farmers

Market,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

62,928

STAG

Industrial,

Inc.

(Industrial

REITs)

685

22,626

Starwood

Property

Trust,

Inc.

(Mortgage

REITs)

1,178

22,606

Stifel

Financial

Corp.

(Capital

Markets)

32,219

Synaptics,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

7,959

Synovus

Financial

Corp.

(Banks)

519

22,483

Taylor

Morrison

Home

Corp.

\*

(Household

Durables)

21,793

TD

SYNNEX

Corp.

(Electronic

Equipment,

Instruments

&

Components)

30,581

Tempur

Sealy

International,

Inc.

(Household

Durables)

704

42,987

Tenet

Healthcare

Corp.

\*

(Health

Care

Providers

&

Services)

50,033

Terex

Corp.

(Machinery)

8,554

Tetra

Tech,

Inc.

(Commercial

Services

&

Supplies)

986

30,753

Texas

Capital

Bancshares,

Inc.

\*

(Banks)

11,586

Texas

Roadhouse,

Inc.

(Hotels,

Restaurants

&

Leisure)

40,661

The

Boston

Beer

Co.,

Inc.

\*

-

Class

A

(Beverages)

7,620

The

Brink's

Co.

(Commercial

Services

&

Supplies)

14,278

The

Carlyle

Group,

Inc.

(Capital

Markets)

775

29,946

The

Ensign

Group,

Inc.

(Health

Care

Providers

&

Services)

26,959

The

Gap,

Inc.

(Specialty

Retail)

818

17,914

The

Goodyear

Tire

&

Rubber

Co.

\*

(Automobile

Components)

1,047

11,391

The

Hanover

Insurance

Group,

Inc.

(Insurance)

22,091

The

Middleby

Corp.

\*

(Machinery)

26,403

The

New

York

Times

Co.

-

Class

A

(Media)

599

31,184

The

Scotts

Miracle-Gro

Co.

(Chemicals)

7,910

The

Timken

Co.

(Machinery)

15,099

The

Toro

Co.

(Machinery)

25,264

The

Wendy's

Co.

(Hotels,

Restaurants

&

Leisure)

630

7,875

The

Western

Union

Co.

(Financial

Services)

1,241

12,298

Thor

Industries,

Inc.

(Automobiles)

14,194

Toll

Brothers,

Inc.

(Household

Durables)

36,918

TopBuild

Corp.

\*

(Household

Durables)

31,942

Travel

+

Leisure

Co.

(Hotels,

Restaurants

&

Leisure)

11,070

Trex

Co.,

Inc.

\*

(Building

Products)

22,839

TXNM

Energy,

Inc.

(Electric

Utilities)

17,609

UFP

Industries,

Inc.

(Building

Products)

22,044

UGI

Corp.

(Gas

Utilities)

789

25,871

UMB

Financial

Corp.

(Banks)

23,643

Under

Armour,

Inc.

\*

-

Class

A

(Textiles,

Apparel

&

Luxury

Goods)

693

3,964

Under

Armour,

Inc.

\*

-

Class

C

(Textiles,

Apparel

&

Luxury

Goods)

2,557

United

Bankshares,

Inc.

(Banks)

526

18,037

United

States

Steel

Corp.

(Metals

&

Mining)

828

36,192

United

Therapeutics

Corp.

\*

(Biotechnology)

49,706

Universal

Display

Corp.

(Semiconductors

&

Semiconductor

Equipment)

20,352

Unum

Group

(Insurance)

603

46,829

US

Foods

Holding

Corp.

\*

(Consumer

Staples

Distribution

&

Retail)

847

55,614

Vail

Resorts,

Inc.

(Hotels,

Restaurants

&

Leisure)

19,070

Valaris,

Ltd.

\*

(Energy

Equipment

&

Services)

7,787

Valley

National

Bancorp

(Banks)

1,744

14,998

Valmont

Industries,

Inc.

(Construction

&

Engineering)

21,698

Valvoline,

Inc.

\*

(Specialty

Retail)

15,965

VF

Corp.

(Textiles,

Apparel

&

Luxury

Goods)

1,217

14,458

Viper

Energy,

Inc.

(Oil

&

Gas

Producers)

19,479

Visteon

Corp.

\*

(Automobile

Components)

8,077

Common

Stocks

(77.7%),

continued

Shares

Value

Vontier

Corp.

(Electronic

Equipment,

Instruments

&

Components)

546

$

17,368

Vornado

Realty

Trust

(Office

REITs)

609

21,486

Voya

Financial,

Inc.

(Financial

Services)

20,957

Warner

Music

Group

Corp.

\*

-

Class

A

(Entertainment)

534

16,260

Watsco,

Inc.

(Trading

Companies

&

Distributors)

59,320

Watts

Water

Technologies,

Inc.

-

Class

A

(Machinery)

20,775

Weatherford

International

PLC

\*

(Energy

Equipment

&

Services)

11,095

Webster

Financial

Corp.

(Banks)

630

29,799

WESCO

International,

Inc.

(Trading

Companies

&

Distributors)

26,725

Western

Alliance

Bancorp

(Banks)

27,954

Westlake

Corp.

(Chemicals)

11,369

WEX,

Inc.

\*

(Financial

Services)

16,818

Whirlpool

Corp.

(Household

Durables)

15,637

Wingstop,

Inc.

(Hotels,

Restaurants

&

Leisure)

27,972

Wintrust

Financial

Corp.

(Banks)

27,014

Woodward,

Inc.

(Aerospace

&

Defense)

41,078

WP

Carey,

Inc.

(Equity

REIT

-

Diversified)

804

50,202

Wyndham

Hotels

&

Resorts,

Inc.

(Hotels,

Restaurants

&

Leisure)

24,396

XPO,

Inc.

\*

(Ground

Transportation)

45,845

YETI

Holdings,

Inc.

\*

(Leisure

Products)

8,879

Zions

Bancorp

N.A.

(Banks)

544

24,464

ZoomInfo

Technologies,

Inc.

\*

(Interactive

Media

&

Services)

996

8,526

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $8,397,888)

9,847,093

Repurchase

Agreements

(b)(c) (22.4%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$2,842,334

$

2,842,000

$

2,842,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$2,842,000)

2,842,000

TOTAL

INVESTMENT

SECURITIES

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

$11,239,888)— 100.1%

12,689,093

Net

other

assets

(liabilities) —

(0.1)%

(16,572)

NET

ASSETS

—

100.0%

$

12,672,521

\*

Non-income

producing

security.

(a) Number

of

shares

is

less

than

0.50. (b) The

ProFund

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) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$335,000.

REIT

Real

Estate

Investment

Trust

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Mid-Cap

ProFund

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

5/27/25

4.98%

$

2,236,054

$

6,865

S&P

MidCap

UBS

AG

5/27/25

5.13%

543,230

1,558

$2,779,284

$8,423

(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

April

30,

2025,

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).

Mid-Cap

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

140,065

1.1%

Air

Freight

&

Logistics

15,946

0.1%

Automobile

Components

78,910

0.6%

Automobiles

23,633

0.2%

Banks

643,683

5.1%

Beverages

57,689

0.5%

Biotechnology

261,192

2.1%

Broadline

Retail

44,177

0.4%

Building

Products

253,336

2.0%

Capital

Markets

344,003

2.7%

Chemicals

158,935

1.2%

Commercial

Services

&

Supplies

175,825

1.4%

Communications

Equipment

50,054

0.4%

Construction

&

Engineering

240,821

1.9%

Construction

Materials

47,362

0.4%

Consumer

Finance

74,490

0.6%

Consumer

Staples

Distribution

&

Retail

341,820

2.7%

Containers

&

Packaging

140,927

1.1%

Diversified

Consumer

Services

156,195

1.2%

Diversified

Telecommunication

Services

39,184

0.3%

Electric

Utilities

105,169

0.8%

Electrical

Equipment

131,993

1.0%

Electronic

Equipment,

Instruments

&

Components

275,382

2.2%

Energy

Equipment

&

Services

52,040

0.4%

Entertainment

16,260

0.1%

Equity

REIT

-

Diversified

50,202

0.4%

Financial

Services

186,888

1.5%

Food

Products

101,730

0.8%

Gas

Utilities

118,272

1.0%

Ground

Transportation

137,357

1.1%

Health

Care

Equipment

&

Supplies

163,632

1.3%

Health

Care

Providers

&

Services

242,620

1.9%

Health

Care

REITs

76,242

0.6%

Health

Care

Technology

27,928

0.2%

Hotel

&

Resort

REITs

7,544

0.1%

Hotels,

Restaurants

&

Leisure

303,948

2.4%

Household

Durables

163,109

1.3%

Independent

Power/Renewable

Electricity

Producers

15,318

0.1%

Value

%

of

Net

Assets

Industrial

REITs

$

104,518

0.8%

Insurance

483,164

3.8%

Interactive

Media

&

Services

8,526

0.1%

IT

Services

103,064

0.8%

Leisure

Facilities

&

Services

27,637

0.2%

Leisure

Products

46,245

0.4%

Life

Sciences

Tools

&

Services

172,936

1.4%

Machinery

494,493

3.9%

Marine

Transportation

20,334

0.2%

Media

57,029

0.5%

Metals

&

Mining

258,293

2.0%

Mortgage

REITs

64,256

0.5%

Multi-Utilities

29,179

0.2%

Office

REITs

61,554

0.5%

Oil

&

Gas

Producers

19,479

0.2%

Oil,

Gas

&

Consumable

Fuels

280,433

2.2%

Paper

&

Forest

Products

19,765

0.2%

Passenger

Airlines

44,059

0.3%

Personal

Care

Products

56,015

0.4%

Pharmaceuticals

38,968

0.3%

Professional

Services

260,430

2.1%

Real

Estate

Management

&

Development

39,569

0.3%

Residential

REITs

105,465

0.8%

Retail

-

Discretionary

24,286

0.2%

Retail

REITs

104,343

0.8%

Semiconductors

&

Semiconductor

Equipment

236,080

1.8%

Software

341,095

2.7%

Specialized

REITs

164,847

1.3%

Specialty

Retail

346,284

2.7%

Technology

Hardware,

Storage

&

Peripherals

51,665

0.4%

Textiles,

Apparel

&

Luxury

Goods

92,198

0.7%

Trading

Companies

&

Distributors

188,834

1.5%

Water

Utilities

38,169

0.3%

Other

\*\*

2,825,428

22.3%

Total

$

12,672,521

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

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Mid-Cap

Value

ProFund

Common

Stocks

(99.0%)

Shares

Value

Acadia

Healthcare

Company,

Inc.

\*

(Health

Care

Providers

&

Services)

$

4,469

Advanced

Drainage

Systems,

Inc.

(Building

Products)

8,625

AECOM

(Construction

&

Engineering)

12,726

Affiliated

Managers

Group,

Inc.

(Capital

Markets)

5,963

AGCO

Corp.

(Machinery)

10,773

Agree

Realty

Corp.

(Retail

REITs)

10,167

Albertsons

Cos.,

Inc.

-

Class

A

(Consumer

Staples

Distribution

&

Retail)

836

18,375

Alcoa

Corp.

(Metals

&

Mining)

533

13,074

Allegro

MicroSystems,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

3,204

ALLETE,

Inc.

(Electric

Utilities)

7,793

Ally

Financial,

Inc.

(Consumer

Finance)

567

18,518

Amcor

PLC

(Containers

&

Packaging)

Amedisys,

Inc.

\*

(Health

Care

Providers

&

Services)

6,453

American

Financial

Group,

Inc.

(Insurance)

10,513

American

Homes

Rent

-

Class

A

(Residential

REITs)

15,143

Amkor

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

4,101

Annaly

Capital

Management,

Inc.

(Mortgage

REITs)

1,193

23,383

Antero

Midstream

Corp.

(Oil,

Gas

&

Consumable

Fuels)

5,726

Antero

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

604

21,038

AptarGroup,

Inc.

(Containers

&

Packaging)

9,747

Aramark

(Hotels,

Restaurants

&

Leisure)

547

18,287

Arrow

Electronics,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

12,027

ASGN,

Inc.

\*

(IT

Services)

4,635

Ashland,

Inc.

(Chemicals)

5,330

Associated

Banc-Corp.

(Banks)

7,478

Autoliv,

Inc.

(Automobile

Components)

13,705

AutoNation,

Inc.

\*

(Specialty

Retail)

9,230

Avantor,

Inc.

\*

(Life

Sciences

Tools

&

Services)

1,405

18,251

Avient

Corp.

(Chemicals)

6,262

Avis

Budget

Group,

Inc.

\*

(Ground

Transportation)

3,242

Avnet,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

8,411

Axalta

Coating

Systems,

Ltd.

\*

(Chemicals)

6,728

Bank

OZK

(Banks)

9,287

Bath

&

Body

Works,

Inc.

(Retail

-

Discretionary)

6,682

BellRing

Brands,

Inc.

\*

(Personal

Care

Products)

11,031

BILL

Holdings,

Inc.

\*

(Software)

8,795

BioMarin

Pharmaceutical,

Inc.

\*

(Biotechnology)

25,030

Bio-Rad

Laboratories,

Inc.

\*

-

Class

A

(Life

Sciences

Tools

&

Services)

9,763

BJ's

Wholesale

Club

Holdings,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

16,929

Black

Hills

Corp.

(Multi-Utilities)

9,013

Blackbaud,

Inc.

\*

(Software)

2,422

Boyd

Gaming

Corp.

(Hotels,

Restaurants

&

Leisure)

3,664

Brighthouse

Financial,

Inc.

\*

(Insurance)

7,045

Brixmor

Property

Group,

Inc.

(Retail

REITs)

7,224

Bruker

Corp.

(Life

Sciences

Tools

&

Services)

4,927

Brunswick

Corp.

(Leisure

Products)

6,263

Cabot

Corp.

(Chemicals)

3,848

CACI

International,

Inc.

\*

-

Class

A

(Professional

Services)

8,700

Cadence

Bank

(Banks)

11,060

Capri

Holdings,

Ltd.

\*

(Textiles,

Apparel

&

Luxury

Goods)

3,655

Casey's

General

Stores,

Inc.

(Consumer

Staples

Distribution

&

Retail)

11,102

Cava

Group,

Inc.

\*

(Leisure

Facilities

&

Services)

3,420

Celsius

Holdings,

Inc.

\*

(Beverages)

4,090

ChampionX

Corp.

(Energy

Equipment

&

Services)

5,719

Chemed

Corp.

(Health

Care

Providers

&

Services)

9,304

Chord

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

11,369

Common

Stocks

(99.0%),

continued

Shares

Value

Ciena

Corp.

\*

(Communications

Equipment)

$

7,858

Cirrus

Logic,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

4,130

Civitas

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

4,987

Cleveland-Cliffs,

Inc.

\*

(Metals

&

Mining)

999

8,232

CNH

Industrial

N.V.

(Machinery)

1,804

20,871

CNO

Financial

Group,

Inc.

(Insurance)

7,967

Cognex

Corp.

(Electronic

Equipment,

Instruments

&

Components)

5,733

Columbia

Banking

System,

Inc.

(Banks)

9,685

Columbia

Sportswear

Co.

(Textiles,

Apparel

&

Luxury

Goods)

4,103

Comerica,

Inc.

(Banks)

14,566

Commerce

Bancshares,

Inc.

(Banks)

6,560

Commercial

Metals

Co.

(Metals

&

Mining)

10,422

Concentrix

Corp.

(Professional

Services)

4,902

COPT

Defense

Properties

(Office

REITs)

2,898

Core

&

Main,

Inc.

\*

-

Class

A

(Trading

Companies

&

Distributors)

7,849

Coty,

Inc.

\*

-

Class

A

(Personal

Care

Products)

757

3,823

Cousins

Properties,

Inc.

(Office

REITs)

9,529

Crane

Co.

(Machinery)

7,566

Crane

NXT

Co.

(Electronic

Equipment,

Instruments

&

Components)

2,862

Crown

Holdings,

Inc.

(Containers

&

Packaging)

23,312

CubeSmart

(Specialized

REITs)

8,744

Cullen/Frost

Bankers,

Inc.

(Banks)

4,659

Cytokinetics,

Inc.

\*

(Biotechnology)

5,184

Darling

Ingredients,

Inc.

\*

(Food

Products)

10,559

DENTSPLY

SIRONA,

Inc.

(Health

Care

Equipment

&

Supplies)

5,713

Dick's

Sporting

Goods,

Inc.

(Specialty

Retail)

8,824

Dolby

Laboratories,

Inc.

\*

-

Class

A

(Software)

9,675

Donaldson

Co.,

Inc.

(Machinery)

6,967

Dropbox,

Inc.

\*

-

Class

A

(Software)

4,968

EastGroup

Properties,

Inc.

(Industrial

REITs)

9,315

EchoStar

Corp.

\*

-

Class

A

(Media)

2,877

Encompass

Health

Corp.

(Health

Care

Providers

&

Services)

7,136

EnerSys

(Electrical

Equipment)

7,015

Entegris,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

11,788

Envista

Holdings

Corp.

\*

(Health

Care

Equipment

&

Supplies)

5,708

EPR

Properties

(Specialized

REITs)

7,720

Equity

LifeStyle

Properties,

Inc.

(Residential

REITs)

12,762

Essent

Group,

Ltd.

(Financial

Services)

12,354

Essential

Utilities,

Inc.

(Water

Utilities)

521

21,429

Euronet

Worldwide,

Inc.

\*

(Financial

Services)

3,469

Exponent,

Inc.

(Professional

Services)

3,305

F.N.B.

Corp.

(Banks)

742

9,713

Federated

Hermes,

Inc.

(Capital

Markets)

2,558

Fidelity

National

Financial,

Inc.

(Insurance)

536

34,330

First

American

Financial

Corp.

(Insurance)

12,953

First

Financial

Bankshares,

Inc.

(Banks)

3,921

First

Horizon

Corp.

(Banks)

1,081

19,545

First

Industrial

Realty

Trust,

Inc.

(Industrial

REITs)

5,948

FirstCash

Holdings,

Inc.

(Consumer

Finance)

3,885

Five

Below,

Inc.

\*

(Specialty

Retail)

8,576

Flex,

Ltd.

\*

(Electronic

Equipment,

Instruments

&

Components)

790

27,128

Floor

&

Decor

Holdings,

Inc.

\*

-

Class

A

(Specialty

Retail)

7,001

Flowers

Foods,

Inc.

(Food

Products)

7,106

Flowserve

Corp.

(Machinery)

3,664

Fluor

Corp.

\*

(Construction

&

Engineering)

12,351

Fortune

Brands

Innovations,

Inc.

(Building

Products)

13,778

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Mid-Cap

Value

ProFund

Common

Stocks

(99.0%),

continued

Shares

Value

Frontier

Communications

Parent,

Inc.

\*

(Diversified

Telecommunication

Services)

$

16,602

FTI

Consulting,

Inc.

\*

(Professional

Services)

12,138

GameStop

Corp.

\*

-

Class

A

(Specialty

Retail)

13,094

Gaming

and

Leisure

Properties,

Inc.

(Specialized

REITs)

15,460

GATX

Corp.

\*

(Trading

Companies

&

Distributors)

4,087

Genpact,

Ltd.

(Professional

Services)

7,790

Gentex

Corp.

(Automobile

Components)

6,033

Glacier

Bancorp,

Inc.

(Banks)

5,258

Graco,

Inc.

(Machinery)

14,527

Graham

Holdings

Co.

-

Class

B

(Diversified

Consumer

Services)

6,440

Graphic

Packaging

Holding

Co.

(Containers

&

Packaging)

9,542

Greif,

Inc.

-

Class

A

(Containers

&

Packaging)

2,781

GXO

Logistics,

Inc.

\*

(Air

Freight

&

Logistics)

8,951

Haemonetics

Corp.

\*

(Health

Care

Equipment

&

Supplies)

2,710

Hancock

Whitney

Corp.

(Banks)

9,272

Harley-Davidson,

Inc.

(Automobiles)

5,314

Healthcare

Realty

Trust,

Inc.

(Health

Care

REITs)

732

11,368

Hexcel

Corp.

(Aerospace

&

Defense)

4,023

HF

Sinaclair

Corp.

(Oil,

Gas

&

Consumable

Fuels)

9,923

Home

BancShares,

Inc.

(Banks)

6,577

IDACORP,

Inc.

(Electric

Utilities)

7,676

Illumina,

Inc.

\*

(Life

Sciences

Tools

&

Services)

12,106

Independence

Realty

Trust,

Inc.

(Residential

REITs)

3,711

Ingredion,

Inc.

(Food

Products)

10,094

Insperity,

Inc.

(Professional

Services)

4,746

International

Bancshares

Corp.

(Banks)

1,953

IPG

Photonics

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,234

Iridium

Communications,

Inc.

\*

(Diversified

Telecommunication

Services)

2,751

ITT,

Inc.

(Machinery)

6,577

Janus

Henderson

Group

PLC

(Capital

Markets)

5,214

Jazz

Pharmaceuticals

PLC

\*

(Pharmaceuticals)

14,503

Jefferies

Financial

Group,

Inc.

(Capital

Markets)

7,337

Jones

Lang

LaSalle,

Inc.

\*

(Real

Estate

Management

&

Development)

10,461

KB

Home

(Household

Durables)

3,728

KBR,

Inc.

(Professional

Services)

8,397

Kemper

Corp.

(Insurance)

7,272

Kilroy

Realty

Corp.

(Office

REITs)

6,901

Kite

Realty

Group

Trust

(Retail

REITs)

5,586

Knight-Swift

Transportation

Holdings,

Inc.

(Ground

Transportation)

13,083

Kyndryl

Holdings,

Inc.

\*

(IT

Services)

6,841

Lamar

Advertising

Co.

-

Class

A

(Specialized

REITs)

7,625

Lancaster

Colony

Corp.

(Food

Products)

3,418

Landstar

System,

Inc.

(Ground

Transportation)

9,793

Lattice

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

7,095

Lear

Corp.

(Automobile

Components)

9,518

Lincoln

Electric

Holdings,

Inc.

(Machinery)

8,810

Lithia

Motors,

Inc.

(Specialty

Retail)

15,809

Littelfuse,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

9,298

LivaNova

PLC

\*

(Health

Care

Equipment

&

Supplies)

2,442

Lumentum

Holdings,

Inc.

\*

(Communications

Equipment)

3,070

Macy's,

Inc.

(Broadline

Retail)

574

6,555

ManpowerGroup,

Inc.

(Professional

Services)

4,178

Maplebear,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

7,180

Common

Stocks

(99.0%),

continued

Shares

Value

Marriott

Vacations

Worldwide

Corp.

(Hotels,

Restaurants

&

Leisure)

$

3,617

Matador

Resources

Co.

(Oil,

Gas

&

Consumable

Fuels)

3,400

Mattel,

Inc.

\*

(Leisure

Products)

696

11,059

Maximus,

Inc.

(Professional

Services)

7,834

MGIC

Investment

Corp.

(Financial

Services)

6,626

MKS

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

5,751

MSA

Safety,

Inc.

(Commercial

Services

&

Supplies)

6,297

MSC

Industrial

Direct

Co.,

Inc.

(Trading

Companies

&

Distributors)

7,113

Murphy

Oil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

5,810

National

Fuel

Gas

Co.

(Gas

Utilities)

14,358

National

Retail

Properties,

Inc.

(Retail

REITs)

15,909

New

Jersey

Resources

Corp.

(Gas

Utilities)

10,131

New

York

Community

Bancorp,

Inc.

(Banks)

626

7,330

NewMarket

Corp.

(Chemicals)

5,538

Nexstar

Media

Group,

Inc.

(Media)

8,980

NEXTracker,

Inc.

\*

-

Class

A

(Electrical

Equipment)

12,021

Nordstrom,

Inc.

(Broadline

Retail)

4,852

NorthWestern

Energy

Group,

Inc.

(Multi-Utilities)

7,337

NOV,

Inc.

(Energy

Equipment

&

Services)

786

9,125

Novanta,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,447

OGE

Energy

Corp.

(Electric

Utilities)

18,788

Old

National

Bancorp

(Banks)

658

13,548

Old

Republic

International

Corp.

(Insurance)

18,086

Olin

Corp.

(Chemicals)

5,167

Ollie's

Bargain

Outlet

Holdings,

Inc.

\*

(Broadline

Retail)

5,412

Omega

Healthcare

Investors,

Inc.

(Health

Care

REITs)

13,628

ONE

Gas,

Inc.

(Gas

Utilities)

9,186

Onto

Innovation,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

5,489

Option

Care

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

11,342

Ormat

Technologies,

Inc.

(Independent

Power/

Renewable

Electricity

Producers)

4,719

Oshkosh

Corp.

(Machinery)

11,308

Ovintiv,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

537

18,033

Park

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

2,167

PBF

Energy,

Inc.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

3,488

Penske

Automotive

Group,

Inc.

\*

(Specialty

Retail)

5,915

Penumbra,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

8,200

Performance

Food

Group

Co.

\*

(Consumer

Staples

Distribution

&

Retail)

25,973

Perrigo

Co.

PLC

(Pharmaceuticals)

7,253

Pinnacle

Financial

Partners,

Inc.

(Banks)

5,714

Polaris

Industries,

Inc.

(Leisure

Products)

3,668

Portland

General

Electric

Co.

(Electric

Utilities)

9,477

Post

Holdings,

Inc.

\*

(Food

Products)

4,640

PotlatchDeltic

Corp.

(Specialized

REITs)

5,682

Power

Integrations,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

3,782

Prosperity

Bancshares,

Inc.

(Banks)

13,308

PVH

Corp.

(Textiles,

Apparel

&

Luxury

Goods)

7,933

Qualys,

Inc.

\*

(Software)

4,023

Range

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

9,093

Rayonier,

Inc.

(Specialized

REITs)

7,093

Regal

Rexnord

Corp.

(Electrical

Equipment)

14,499

Reinsurance

Group

of

America,

Inc.

(Insurance)

25,474

Reliance

Steel

&

Aluminum

Co.

(Metals

&

Mining)

32,283

Repligen

Corp.

\*

(Life

Sciences

Tools

&

Services)

8,693

Rexford

Industrial

Realty,

Inc.

(Industrial

REITs)

15,523

RH

\*

(Specialty

Retail)

2,760

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Mid-Cap

Value

ProFund

Common

Stocks

(99.0%),

continued

Shares

Value

Royal

Gold,

Inc.

(Metals

&

Mining)

$

13,703

RPM

International,

Inc.

(Chemicals)

12,170

Ryder

System,

Inc.

(Ground

Transportation)

5,644

Sabra

Health

Care

REIT,

Inc.

(Health

Care

REITs)

8,729

Science

Applications

International

Corp.

(Professional

Services)

12,223

SEI

Investments

Co.

(Capital

Markets)

6,028

Selective

Insurance

Group,

Inc.

(Insurance)

10,904

Sensata

Technologies

Holding

PLC

(Electrical

Equipment)

6,613

Service

Corp.

International

(Diversified

Consumer

Services)

9,269

Silicon

Laboratories,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

3,867

Siligan

Holdings,

Inc.

(Containers

&

Packaging)

8,677

Simpson

Manufacturing

Co.,

Inc.

(Building

Products)

4,611

Skechers

U.S.A.,

Inc.

\*

-

Class

A

(Textiles,

Apparel

&

Luxury

Goods)

13,012

Sonoco

Products

Co.

(Containers

&

Packaging)

8,323

Sotera

Health

Co.

\*

(Life

Sciences

Tools

&

Services)

1,978

SouthState

Corp.

(Banks)

17,616

Southwest

Gas

Holdings,

Inc.

(Gas

Utilities)

8,954

Spire,

Inc.

(Gas

Utilities)

9,185

STAG

Industrial,

Inc.

(Industrial

REITs)

12,717

Starwood

Property

Trust,

Inc.

(Mortgage

REITs)

660

12,665

Stifel

Financial

Corp.

(Capital

Markets)

5,227

Synaptics,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

4,508

Synovus

Financial

Corp.

(Banks)

6,411

Taylor

Morrison

Home

Corp.

\*

(Household

Durables)

12,273

TD

SYNNEX

Corp.

(Electronic

Equipment,

Instruments

&

Components)

17,174

Tempur

Sealy

International,

Inc.

(Household

Durables)

9,831

Tenet

Healthcare

Corp.

\*

(Health

Care

Providers

&

Services)

10,864

Terex

Corp.

(Machinery)

4,822

Texas

Capital

Bancshares,

Inc.

\*

(Banks)

6,474

The

Boston

Beer

Co.,

Inc.

\*

-

Class

A

(Beverages)

4,179

The

Brink's

Co.

(Commercial

Services

&

Supplies)

4,016

The

Carlyle

Group,

Inc.

(Capital

Markets)

10,626

The

Gap,

Inc.

(Specialty

Retail)

10,052

The

Goodyear

Tire

&

Rubber

Co.

\*

(Automobile

Components)

589

6,408

The

Hanover

Insurance

Group,

Inc.

(Insurance)

12,291

The

Middleby

Corp.

\*

(Machinery)

14,802

The

New

York

Times

Co.

-

Class

A

(Media)

8,069

The

Scotts

Miracle-Gro

Co.

\*

(Chemicals)

2,821

The

Timken

Co.

(Machinery)

8,481

The

Toro

Co.

(Machinery)

8,194

The

Wendy's

Co.

(Hotels,

Restaurants

&

Leisure)

2,438

The

Western

Union

Co.

(Financial

Services)

698

6,917

Thor

Industries,

Inc.

(Automobiles)

7,966

Trex

Co.,

Inc.

\*

(Building

Products)

6,534

TXNM

Energy,

Inc.

(Electric

Utilities)

9,895

UFP

Industries,

Inc.

(Building

Products)

12,356

UGI

Corp.

(Gas

Utilities)

14,525

UMB

Financial

Corp.

(Banks)

5,580

Under

Armour,

Inc.

\*

-

Class

A

(Textiles,

Apparel

&

Luxury

Goods)

2,237

Under

Armour,

Inc.

\*

-

Class

C

(Textiles,

Apparel

&

Luxury

Goods)

1,447

United

Bankshares,

Inc.

(Banks)

10,081

United

States

Steel

Corp.

(Metals

&

Mining)

20,325

Universal

Display

Corp.

(Semiconductors

&

Semiconductor

Equipment)

6,156

Common

Stocks

(99.0%),

continued

Shares

Value

Unum

Group

(Insurance)

$

26,327

US

Foods

Holding

Corp.

\*

(Consumer

Staples

Distribution

&

Retail)

31,188

Vail

Resorts,

Inc.

(Hotels,

Restaurants

&

Leisure)

5,011

Valley

National

Bancorp

(Banks)

981

8,437

Valmont

Industries,

Inc.

(Construction

&

Engineering)

3,225

VF

Corp.

(Textiles,

Apparel

&

Luxury

Goods)

684

8,126

Visteon

Corp.

\*

(Automobile

Components)

4,514

Vontier

Corp.

(Electronic

Equipment,

Instruments

&

Components)

5,662

Vornado

Realty

Trust

(Office

REITs)

3,281

Voya

Financial,

Inc.

(Financial

Services)

5,683

Warner

Music

Group

Corp.

\*

-

Class

A

(Entertainment)

4,720

Watsco,

Inc.

(Trading

Companies

&

Distributors)

12,876

Watts

Water

Technologies,

Inc.

-

Class

A

(Machinery)

5,817

Weatherford

International

PLC

(Energy

Equipment

&

Services)

3,229

Webster

Financial

Corp.

(Banks)

16,744

WESCO

International,

Inc.

(Trading

Companies

&

Distributors)

14,992

Westlake

Corp.

(Chemicals)

6,378

WEX,

Inc.

\*

(Financial

Services)

2,868

Whirlpool

Corp.

(Household

Durables)

8,696

Wintrust

Financial

Corp.

(Banks)

7,337

WP

Carey,

Inc.

(Equity

REIT

-

Diversified)

28,160

XPO,

Inc.

\*

(Ground

Transportation)

13,053

YETI

Holdings,

Inc.

\*

(Leisure

Products)

2,912

Zions

Bancorp

N.A.

(Banks)

8,230

ZoomInfo

Technologies,

Inc.

\*

(Interactive

Media

&

Services)

560

4,794

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $2,188,967)

2,664,071

TOTAL

INVESTMENT

SECURITIES

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

$2,188,967)— 99.0%

2,664,071

Net

other

assets

(liabilities) —

1.0%

26,059

NET

ASSETS

—

100.0%

$

2,690,130

\*

Non-income

producing

security.

REIT

Real

Estate

Investment

Trust

Mid-Cap

Value

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

4,023

0.1%

Air

Freight

&

Logistics

8,951

0.3%

Automobile

Components

40,178

1.5%

Automobiles

13,280

0.5%

Banks

246,345

9.2%

Beverages

8,269

0.3%

Biotechnology

30,214

1.1%

Broadline

Retail

16,819

0.6%

Building

Products

45,904

1.7%

Capital

Markets

42,953

1.6%

Chemicals

54,242

2.0%

Commercial

Services

&

Supplies

10,312

0.4%

Communications

Equipment

10,928

0.4%

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Mid-Cap

Value

ProFund

Value

%

of

Net

Assets

Construction

&

Engineering

$

28,302

1.1%

Consumer

Finance

22,403

0.8%

Consumer

Staples

Distribution

&

Retail

110,747

4.1%

Containers

&

Packaging

62,389

2.3%

Diversified

Consumer

Services

15,709

0.6%

Diversified

Telecommunication

Services

19,353

0.7%

Electric

Utilities

53,628

2.0%

Electrical

Equipment

40,148

1.5%

Electronic

Equipment,

Instruments

&

Components

94,977

3.6%

Energy

Equipment

&

Services

18,074

0.7%

Entertainment

4,720

0.2%

Equity

REIT

-

Diversified

28,160

1.1%

Financial

Services

37,917

1.4%

Food

Products

35,817

1.3%

Gas

Utilities

66,339

2.5%

Ground

Transportation

44,815

1.7%

Health

Care

Equipment

&

Supplies

24,773

0.9%

Health

Care

Providers

&

Services

49,568

1.9%

Health

Care

REITs

33,725

1.3%

Hotel

&

Resort

REITs

2,167

0.1%

Hotels,

Restaurants

&

Leisure

33,017

1.2%

Household

Durables

34,527

1.3%

Independent

Power/Renewable

Electricity

Producers

4,719

0.2%

Industrial

REITs

43,503

1.6%

Insurance

173,162

6.4%

Interactive

Media

&

Services

4,794

0.2%

IT

Services

11,476

0.4%

Leisure

Facilities

&

Services

3,420

0.1%

Leisure

Products

23,902

0.9%

Life

Sciences

Tools

&

Services

55,718

2.1%

Machinery

133,180

4.9%

Media

19,926

0.7%

Metals

&

Mining

98,039

3.7%

Mortgage

REITs

36,048

1.3%

Multi-Utilities

16,350

0.6%

Office

REITs

22,609

0.8%

Oil,

Gas

&

Consumable

Fuels

92,866

3.4%

Personal

Care

Products

14,854

0.6%

Pharmaceuticals

21,756

0.8%

Professional

Services

74,213

2.8%

Real

Estate

Management

&

Development

10,461

0.4%

Residential

REITs

31,616

1.2%

Retail

-

Discretionary

6,682

0.3%

Retail

REITs

38,886

1.4%

Semiconductors

&

Semiconductor

Equipment

59,871

2.2%

Software

29,882

1.1%

Specialized

REITs

52,324

1.9%

Specialty

Retail

81,262

3.0%

Textiles,

Apparel

&

Luxury

Goods

40,513

1.5%

Trading

Companies

&

Distributors

46,917

1.7%

Value

%

of

Net

Assets

Water

Utilities

$

21,429

0.8%

Other

\*\*

26,059

1.0%

Total

$

2,690,130

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

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

ProFund

Common

Stocks

(81.6%)

Shares

Value

Adobe,

Inc.

\*

(Software)

1,744

$

653,965

Advanced

Micro

Devices,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

6,498

632,580

Airbnb,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

1,736

211,653

Alphabet,

Inc.

-

Class

A

(Interactive

Media

&

Services)

9,507

1,509,712

Alphabet,

Inc.

-

Class

C

(Interactive

Media

&

Services)

8,959

1,441,414

Amazon.com,

Inc.

\*

(Broadline

Retail)

17,273

3,185,487

American

Electric

Power

Co.,

Inc.

(Electric

Utilities)

2,139

231,739

Amgen,

Inc.

(Biotechnology)

2,154

626,641

Analog

Devices,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

1,989

387,696

ANSYS,

Inc.

\*

(Software)

112,658

Apple,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

24,484

5,202,850

Applied

Materials,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

3,258

491,013

AppLovin

Corp

\*

-

Class

A

(Software)

1,241

334,214

ARM

Holdings

PLC

\*ADR(a)

(Semiconductors

&

Semiconductor

Equipment)

525

59,876

ASML

Holding

N.V.

ADRNYS

(Semiconductors

&

Semiconductor

Equipment)

241,178

AstraZeneca

PLC

ADR

(Pharmaceuticals)

2,336

167,701

Atlassian

Corp.

\*

-

Class

A

(Software)

658

150,228

Autodesk,

Inc.

\*

(Software)

862

236,404

Automatic

Data

Processing,

Inc.

(Professional

Services)

1,632

490,580

Axon

Enterprise,

Inc.

\*

(Aerospace

&

Defense)

188,283

Baker

Hughes

Co.

(Energy

Equipment

&

Services)

3,971

140,573

Biogen,

Inc.

\*

(Biotechnology)

587

71,074

Booking

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

668,006

Broadcom,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

12,635

2,431,858

Cadence

Design

Systems,

Inc.

\*

(Software)

1,099

327,216

CDW

Corp.

(Electronic

Equipment,

Instruments

&

Components)

531

85,257

Charter

Communications,

Inc.

\*

-

Class

A

(Media)

569

222,968

Cintas

Corp.

(Commercial

Services

&

Supplies)

1,617

342,287

Cisco

Systems,

Inc.

(Communications

Equipment)

15,953

920,967

Coca-Cola

European

Partners

PLC

(Beverages)

1,849

167,778

Cognizant

Technology

Solutions

Corp.

-

Class

A

(IT

Services)

1,984

145,963

Comcast

Corp.

-

Class

A

(Media)

15,123

517,207

Constellation

Energy

Corp.

(Electric

Utilities)

1,255

280,417

Copart,

Inc.

\*

(Commercial

Services

&

Supplies)

3,876

236,552

CoStar

Group,

Inc.

\*

(Real

Estate

Management

&

Development)

1,645

122,010

Costco

Wholesale

Corp.

(Consumer

Staples

Distribution

&

Retail)

1,781

1,771,204

Crowdstrike

Holdings,

Inc.

\*

-

Class

A

(Software)

938

402,280

CSX

Corp.

(Ground

Transportation)

7,598

213,275

Datadog,

Inc.

\*

-

Class

A

(Software)

1,273

130,050

Dexcom,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,568

111,924

Diamondback

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,162

153,396

DoorDash,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

1,582

305,152

Electronic

Arts,

Inc.

(Entertainment)

1,045

151,619

Exelon

Corp.

(Electric

Utilities)

4,033

189,148

Fastenal

Co.

(Trading

Companies

&

Distributors)

2,301

186,312

Fortinet,

Inc.

\*

(Software)

3,084

319,996

GE

HealthCare

Technologies,

Inc.

(Health

Care

Equipment

&

Supplies)

1,835

129,056

Gilead

Sciences,

Inc.

(Biotechnology)

4,995

532,167

GLOBALFOUNDRIES,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,217

77,750

Honeywell

International,

Inc.

(Industrial

Conglomerates)

2,606

548,563

IDEXX

Laboratories,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

140,611

Common

Stocks

(81.6%),

continued

Shares

Value

Intel

Corp.

(Semiconductors

&

Semiconductor

Equipment)

17,365

$

349,037

Intuit,

Inc.

(Software)

1,121

703,394

Intuitive

Surgical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,430

737,594

Keurig

Dr

Pepper,

Inc.

(Beverages)

5,442

188,239

KLA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

533

374,534

Lam

Research

Corp.

(Semiconductors

&

Semiconductor

Equipment)

5,149

369,029

Linde

PLC

(Chemicals)

1,895

858,871

Lululemon

Athletica,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

125,908

Marriott

International,

Inc.

-

Class

A

(Hotels,

Restaurants

&

Leisure)

1,106

263,869

Marvell

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

3,471

202,602

MercadoLibre,

Inc.

\*

(Broadline

Retail)

475,493

Meta

Platforms,

Inc.

-

Class

A

(Interactive

Media

&

Services)

3,569

1,959,381

Microchip

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

2,158

99,441

Micron

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

4,469

343,890

Microsoft

Corp.

(Software)

12,117

4,789,365

MicroStrategy,

Inc.

\*

-

Class

A

(Software)

953

362,245

Mondelez

International,

Inc.

-

Class

A

(Food

Products)

5,188

353,459

MongoDB,

Inc.

\*

(IT

Services)

51,479

Monster

Beverage

Corp.

\*

(Beverages)

3,904

234,708

Netflix,

Inc.

\*

(Entertainment)

1,715

1,940,899

NVIDIA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

39,770

4,331,747

NXP

Semiconductors

N.V.

(Semiconductors

&

Semiconductor

Equipment)

1,017

187,443

Old

Dominion

Freight

Line,

Inc.

(Ground

Transportation)

852

130,595

ON

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,691

67,133

O'Reilly

Automotive,

Inc.

\*

(Specialty

Retail)

325,496

PACCAR,

Inc.

(Machinery)

2,106

189,982

Palantir

Technologies,

Inc.

\*

(Software)

9,019

1,068,210

Palo

Alto

Networks,

Inc.

\*

(Software)

2,654

496,112

Paychex,

Inc.

(Professional

Services)

1,445

212,588

PayPal

Holdings,

Inc.

\*

(Financial

Services)

3,968

261,253

PDD

Holdings,

Inc.

\*ADR

(Broadline

Retail)

2,678

282,716

PepsiCo,

Inc.

(Beverages)

5,501

745,826

QUALCOMM,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

4,435

658,420

Regeneron

Pharmaceuticals,

Inc.

\*

(Biotechnology)

258,066

Roper

Technologies,

Inc.

(Software)

241,394

Ross

Stores,

Inc.

(Specialty

Retail)

1,323

183,897

Starbucks

Corp.

(Hotels,

Restaurants

&

Leisure)

4,555

364,628

Synopsys,

Inc.

\*

(Software)

620

284,586

Take-Two

Interactive

Software,

Inc.

\*

(Entertainment)

708

165,191

Tesla,

Inc.

\*

(Automobiles)

5,924

1,671,516

Texas

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

3,651

584,343

The

Kraft

Heinz

Co.

(Food

Products)

4,793

139,476

The

Trade

Desk,

Inc.

\*

-

Class

A

(Media)

1,815

97,338

T-Mobile

U.S.,

Inc.

(Wireless

Telecommunication

Services)

4,579

1,130,784

Verisk

Analytics,

Inc.

(Professional

Services)

563

166,890

Vertex

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,029

524,276

Warner

Bros.

Discovery,

Inc.

\*

(Entertainment)

9,846

85,365

Workday,

Inc.

\*

-

Class

A

(Software)

857

209,965

Xcel

Energy,

Inc.

(Electric

Utilities)

2,306

163,034

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

Common

Stocks

(81.6%),

continued

Shares

Value

Zscaler,

Inc.

\*

(Software)

615

$

139,095

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $19,938,533)

58,749,310

Repurchase

Agreements

(b)(c) (64.1%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$46,150,419

$

46,145,000

46,145,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$46,145,000)

46,145,000

Collateral

for

Securities

Loaned

(d) (0.1%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 4.37%

(e) 53,808

53,808

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $53,808)

53,808

Common

Stocks

(81.6%),

continued

Shares

Value

TOTAL

INVESTMENT

SECURITIES

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

$66,137,341)— 145.8%

$

104,948,118

Net

other

assets

(liabilities) —

(45.8)%

(32,951,291)

NET

ASSETS

—

100.0%

$

71,996,827

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

April

30,

2025. The

total

value

of

securities

on

loan

as

of

April

30,

2025

was

$53,832.

ADR

American

Depositary

Receipt

NYS

New

York

Shares

(b) The

ProFund

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) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$4,128,000.

(d) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

April

30,

2025. (e) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

April

30,

2025. Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

E-Mini

Futures

Contracts

6/23/25

$

3,931,700

$

365,827

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

5/27/25

5.08%

$

6,876,278

$

60,248

Index

UBS

AG

5/27/25

5.13%

2,465,949

17,621

$9,342,227

$77,869

(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

April

30,

2025,

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

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

188,283

0.2%

Automobiles

1,671,516

2.3%

Beverages

1,336,551

1.8%

Biotechnology

2,012,224

2.8%

Broadline

Retail

3,943,697

5.5%

Chemicals

858,871

1.2%

Commercial

Services

&

Supplies

578,839

0.8%

Communications

Equipment

920,966

1.3%

Consumer

Staples

Distribution

&

Retail

1,771,204

2.5%

Electric

Utilities

864,338

1.2%

Electronic

Equipment,

Instruments

&

Components

85,257

0.1%

Energy

Equipment

&

Services

140,573

0.2%

Value

%

of

Net

Assets

Entertainment

$

2,343,074

3.2%

Financial

Services

261,253

0.4%

Food

Products

492,935

0.7%

Ground

Transportation

343,870

0.5%

Health

Care

Equipment

&

Supplies

1,119,185

1.6%

Hotels,

Restaurants

&

Leisure

1,813,308

2.5%

Industrial

Conglomerates

548,563

0.8%

Interactive

Media

&

Services

4,910,506

6.8%

IT

Services

197,442

0.3%

Machinery

189,982

0.3%

Media

837,514

1.2%

Oil,

Gas

&

Consumable

Fuels

153,396

0.2%

Pharmaceuticals

167,701

0.2%

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

ProFund

Value

%

of

Net

Assets

Professional

Services

$

870,058

1.2%

Real

Estate

Management

&

Development

122,010

0.2%

Semiconductors

&

Semiconductor

Equipment

11,889,570

16.5%

Software

10,961,377

15.2%

Specialty

Retail

509,393

0.7%

Technology

Hardware,

Storage

&

Peripherals

5,202,850

7.2%

Textiles,

Apparel

&

Luxury

Goods

125,908

0.2%

Trading

Companies

&

Distributors

186,312

0.2%

Wireless

Telecommunication

Services

1,130,784

1.6%

Other

\*\*

13,247,517

18.4%

Total

$

71,996,827

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.

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Oil

&

Gas

Equipment

&

Services

UltraSector

ProFund

Common

Stocks

(77.3%)

Shares

Value

Archrock,

Inc.

(Energy

Equipment

&

Services)

13,636

$

320,855

Aris

Water

Solutions,

Inc.

-

Class

A

(Commercial

Services

&

Supplies)

4,616

115,215

Atlas

Energy

Solutions,

Inc.

\*

(Energy

Equipment

&

Services)

12,982

175,646

Baker

Hughes

Co.

(Energy

Equipment

&

Services)

7,844

277,678

Bristow

Group,

Inc.

\*

(Energy

Equipment

&

Services)

1,139

33,077

Cactus,

Inc.

-

Class

A

(Energy

Equipment

&

Services)

7,402

280,832

ChampionX

Corp.

(Energy

Equipment

&

Services)

11,640

280,873

Core

Laboratories,

Inc.

(Energy

Equipment

&

Services)

3,764

42,797

Expro

Group

Holdings

N.V.

\*

(Energy

Equipment

&

Services)

13,801

114,134

Halliburton

Co.

(Energy

Equipment

&

Services)

13,487

267,312

Helix

Energy

Solutions

Group,

Inc.

\*

(Energy

Equipment

&

Services)

15,245

92,842

Helmerich

&

Payne,

Inc.

(Energy

Equipment

&

Services)

13,183

249,027

Innovex

International,

Inc.

\*

(Energy

Equipment

&

Services)

4,390

66,289

Kodiak

Gas

Services,

Inc.

\*

(Energy

Equipment

&

Services)

7,477

254,293

Liberty

Energy,

Inc.

(Energy

Equipment

&

Services)

23,111

265,777

Nabors

Industries,

Ltd.

\*

(Energy

Equipment

&

Services)

1,480

39,723

Newpark

Resources,

Inc.

\*

(Energy

Equipment

&

Services)

6,583

38,050

Noble

Corp.

PLC

\*

(Energy

Equipment

&

Services)

14,477

314,730

NOV,

Inc.

(Energy

Equipment

&

Services)

23,635

274,402

Oceaneering

International,

Inc.

\*

(Energy

Equipment

&

Services)

10,938

194,150

Patterson-UTI

Energy,

Inc.

(Energy

Equipment

&

Services)

42,507

239,739

ProPetro

Holding

Corp.

\*

(Energy

Equipment

&

Services)

15,795

78,659

RPC,

Inc.

\*

(Energy

Equipment

&

Services)

14,244

67,374

Schlumberger

N.V.

(Energy

Equipment

&

Services)

8,321

276,673

Select

Energy

Services,

Inc.

-

Class

A

(Energy

Equipment

&

Services)

13,417

114,313

Common

Stocks

(77.3%),

continued

Shares

Value

Solaris

Energy

Infrastructure,

Inc.

\*

(Energy

Equipment

&

Services)

7,918

$

167,387

TechnipFMC

PLC

(Energy

Equipment

&

Services)

12,628

355,730

TETRA

Technologies,

Inc.

\*

(Energy

Equipment

&

Services)

11,700

33,345

Tidewater,

Inc.

\*

(Energy

Equipment

&

Services)

8,282

299,726

Transocean,

Ltd.

\*

(Energy

Equipment

&

Services)

111,831

238,200

Valaris,

Ltd.

\*

(Energy

Equipment

&

Services)

9,026

291,630

Weatherford

International

PLC

(Energy

Equipment

&

Services)

6,220

257,508

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $4,753,727)

6,117,986

Repurchase

Agreements

(a)(b) (23.1%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$1,827,215

$

1,827,000

1,827,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$1,827,000)

1,827,000

TOTAL

INVESTMENT

SECURITIES

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

$6,580,727)— 100.4%

7,944,986

Net

other

assets

(liabilities) —

(0.4)%

(31,264)

NET

ASSETS

—

100.0%

$

7,913,722

\*

Non-income

producing

security.

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$1,136,000.

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

Oil

&

Gas

Equipment

&

Services

Select

Sector

Index

Goldman

Sachs

International

5/23/25

5.08%

$

3,516,279

$

20,938

S&P

Oil

&

Gas

Equipment

&

Services

Select

Sector

Index

UBS

AG

5/23/25

5.13%

2,257,438

57,664

$5,773,717

$78,602

(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

April

30,

2025,

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).

Oil

&

Gas

Equipment

&

Services

UltraSector

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Commercial

Services

&

Supplies

$

115,215

1.5%

Energy

Equipment

&

Services

6,002,771

75.8%

Other

\*\*

1,795,736

22.7%

Total

$

7,913,722

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

::

April

30,

2025

(unaudited)

Pharmaceuticals

UltraSector

ProFund

Common

Stocks

(77.3%)

Shares

Value

Amneal

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

3,511

$

26,894

Amphastar

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

2,050

50,041

ANI

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

635

44,971

Arvinas,

Inc.

\*

(Pharmaceuticals)

6,334

60,933

Axsome

Therapeutics,

Inc.

\*

(Pharmaceuticals)

688

77,256

Bristol-Myers

Squibb

Co.

(Pharmaceuticals)

1,375

69,025

Collegium

Pharmaceutical,

Inc.

\*

(Pharmaceuticals)

1,284

34,662

Corcept

Therapeutics,

Inc.

\*

(Pharmaceuticals)

1,495

107,460

CorMedix,

Inc.

\*

(Pharmaceuticals)

2,443

22,451

Edgewise

Therapeutics,

Inc.

\*

(Pharmaceuticals)

3,082

50,545

Elanco

Animal

Health,

Inc.

\*

(Pharmaceuticals)

7,914

75,025

Eli

Lilly

&

Co.

(Pharmaceuticals)

89,894

Enliven

Therapeutics,

Inc.

\*

(Pharmaceuticals)

679

12,860

Esperion

Therapeutics,

Inc.

\*

(Pharmaceuticals)

10,244

10,238

Evolus,

Inc.

\*

(Pharmaceuticals)

1,863

21,238

EyePoint

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

2,413

16,457

Harmony

Biosciences

Holdings,

Inc.

\*

(Pharmaceuticals)

1,903

56,081

Harrow,

Inc.

\*

(Pharmaceuticals)

1,510

37,403

Innoviva,

Inc.

\*

(Pharmaceuticals)

1,780

33,268

Jazz

Pharmaceuticals

PLC

\*

(Pharmaceuticals)

613

71,696

Johnson

&

Johnson

(Pharmaceuticals)

505

78,937

Ligand

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

38,451

Liquidia

Corp.

\*

(Pharmaceuticals)

2,479

34,632

Merck

&

Co.,

Inc.

(Pharmaceuticals)

881

75,061

Mind

Medicine

MindMed,

Inc.

\*

(Pharmaceuticals)

3,474

22,199

Nuvation

Bio,

Inc.

\*

(Pharmaceuticals)

7,985

17,966

Ocular

Therapeutix,

Inc.

\*

(Pharmaceuticals)

2,792

23,174

Omeros

Corp.

\*

(Pharmaceuticals)

2,210

16,244

Organon

&

Co.

(Pharmaceuticals)

5,482

70,882

Pacira

BioSciences,

Inc.

\*

(Pharmaceuticals)

2,546

68,487

Perrigo

Co.

PLC

(Pharmaceuticals)

2,992

76,954

Pfizer,

Inc.

(Pharmaceuticals)

3,198

78,063

Phibro

Animal

Health

Corp.

-

Class

A

(Pharmaceuticals)

541

10,068

Common

Stocks

(77.3%),

continued

Shares

Value

Prestige

Consumer

Healthcare,

Inc.

\*

(Pharmaceuticals)

936

$

76,031

Royalty

Pharma

PLC

\*

-

Class

A

(Pharmaceuticals)

2,503

82,148

Supernus

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

1,370

44,498

Tarsus

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

1,660

86,170

Viatris,

Inc.

(Pharmaceuticals)

8,899

74,930

WaVe

Life

Sciences,

Ltd.

\*

(Pharmaceuticals)

3,323

25,654

Xeris

Biopharma

Holdings,

Inc.

\*

(Pharmaceuticals)

3,785

17,297

Zevra

Therapeutics,

Inc.

\*

(Pharmaceuticals)

1,311

9,610

Zoetis,

Inc.

(Pharmaceuticals)

509

79,608

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,477,929)

2,075,462

Repurchase

Agreements

(a)(b) (21.6%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$581,068

$

581,000

581,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$581,000)

581,000

TOTAL

INVESTMENT

SECURITIES

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

$2,058,929)— 98.9%

2,656,462

Net

other

assets

(liabilities) —

1.1%

28,742

NET

ASSETS

—

100.0%

$

2,685,204

\*

Non-income

producing

security.

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$284,000.

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

5/23/25

5.08%

$

1,060,423

$

49,719

S&P

Pharmaceuticals

Select

Industry

Index

UBS

AG

5/23/25

5.13%

885,264

58,789

$1,945,687

$108,508

(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

April

30,

2025,

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).

Pharmaceuticals

UltraSector

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Pharmaceuticals

$

2,075,462

77.3%

Other

\*\*

609,742

22.7%

Total

$

2,685,204

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.

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Precious

Metals

UltraSector

ProFund

Common

Stocks

(77.5%)

Shares

Value

Agnico

Eagle

Mines,

Ltd.

(Metals

&

Mining)

40,837

$

4,801,614

Alamos

Gold,

Inc.

-

Class

A

(Metals

&

Mining)

34,132

973,445

Anglogold

Ashanti

PLC

(Metals

&

Mining)

34,748

1,464,976

B2Gold

Corp.

(Metals

&

Mining)

107,011

332,804

Barrick

Gold

Corp.

(Metals

&

Mining)

140,223

2,669,846

Centerra

Gold

Inc

(Metals

&

Mining)

17,067

114,349

Cia

De

Minas

Buenaventura

S.A.A

\*ADR

(Metals

&

Mining)

19,417

274,945

Coeur

Mining,

Inc.

\*

(Metals

&

Mining)

51,852

287,779

Eldorado

Gold

Corp.

\*

(Metals

&

Mining)

16,639

313,479

Endeavour

Silver

Corp.

\*

(Metals

&

Mining)

21,298

77,525

Equinox

Gold

Corp.

\*

(Metals

&

Mining)

34,403

230,500

First

Majestic

Silver

Corp.

\*

(Metals

&

Mining)

34,248

214,392

Fortuna

Mining

Corp.

\*

(Metals

&

Mining)

24,887

155,544

Franco-Nevada

Corp.

(Metals

&

Mining)

15,643

2,687,155

Gold

Fields,

Ltd.

ADR

(Metals

&

Mining)

72,683

1,638,275

Harmony

Gold

Mining

Co.,

Ltd.

ADR

(Metals

&

Mining)

45,200

719,132

Hecla

Mining

Co.

(Metals

&

Mining)

51,254

293,173

IAMGOLD

Corp.

\*

(Metals

&

Mining)

46,391

328,448

Kinross

Gold

Corp.

(Metals

&

Mining)

99,792

1,472,930

MAG

Silver

Corp.

\*

(Metals

&

Mining)

7,552

117,509

New

Gold,

Inc.

\*

(Metals

&

Mining)

64,215

255,576

Newmont

Corp.

(Metals

&

Mining)

92,430

4,869,211

Novagold

Resources,

Inc.

\*

(Metals

&

Mining)

19,834

83,898

Osisko

Gold

Royalties,

Ltd.

\*

(Metals

&

Mining)

15,162

364,343

Pan

American

Silver

Corp.

(Metals

&

Mining)

29,402

740,342

Royal

Gold,

Inc.

(Metals

&

Mining)

5,339

975,489

Sandstorm

Gold,

Ltd.

\*

(Metals

&

Mining)

19,975

173,783

Common

Stocks

(77.5%),

continued

Shares

Value

Seabridge

Gold,

Inc.

\*

(Metals

&

Mining)

6,343

$

78,843

Sibanye

Stillwater,

Ltd.

\*ADR

(Metals

&

Mining)

57,453

267,156

SSR

Mining,

Inc.

\*

(Metals

&

Mining)

16,430

174,815

Wheaton

Precious

Metals

Corp.

(Metals

&

Mining)

36,838

3,076,710

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $12,176,852)

30,227,986

Repurchase

Agreements

(a)(b) (21.7%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$8,476,995

$

8,476,000

8,476,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$8,476,000)

8,476,000

TOTAL

INVESTMENT

SECURITIES

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

$20,652,852)— 99.2%

38,703,986

Net

other

assets

(liabilities) —

0.8%

297,991

NET

ASSETS

—

100.0%

$

39,001,977

\*

Non-income

producing

security.

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$3,839,000.

ADR

American

Depositary

Receipt

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

5/23/25

5.08%

$

12,985,517

$

25,941

Dow

Jones

Precious

Metals

Index

UBS

AG

5/23/25

5.13%

15,269,570

81,182

$28,255,087

$107,123

(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

April

30,

2025,

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).

Precious

Metals

UltraSector

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Metals

&

Mining

$

30,227,986

77.5%

Other

\*\*

8,773,991

22.5%

Total

$

39,001,977

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

::

April

30,

2025

(unaudited)

Real

Estate

UltraSector

ProFund

Common

Stocks

(77.0%)

Shares

Value

Alexandria

Real

Estate

Equities,

Inc.

(Office

REITs)

$

28,192

American

Tower

Corp.

(Specialized

REITs)

1,177

265,307

AvalonBay

Communities,

Inc.

(Residential

REITs)

75,173

Boston

Properties,

Inc.

(Office

REITs)

23,389

Camden

Property

Trust

(Residential

REITs)

30,612

CBRE

Group,

Inc.

\*

-

Class

A

(Real

Estate

Management

&

Development)

745

91,024

CoStar

Group,

Inc.

\*

(Real

Estate

Management

&

Development)

1,062

78,769

Crown

Castle

International

Corp.

(Specialized

REITs)

1,095

115,807

Digital

Realty

Trust,

Inc.

(Specialized

REITs)

797

127,950

Equinix,

Inc.

(Specialized

REITs)

210,884

Equity

Residential

(Residential

REITs)

861

60,494

Essex

Property

Trust,

Inc.

(Residential

REITs)

45,222

Extra

Space

Storage,

Inc.

(Specialized

REITs)

534

78,242

Federal

Realty

Investment

Trust

(Retail

REITs)

18,240

Healthpeak

Properties,

Inc.

(Health

Care

REITs)

1,763

31,452

Host

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

1,761

24,865

Invitation

Homes,

Inc.

(Residential

REITs)

1,435

49,063

Iron

Mountain,

Inc.

(Specialized

REITs)

740

66,356

Kimco

Realty

Corp.

(Retail

REITs)

1,712

34,206

Mid-America

Apartment

Communities,

Inc.

(Residential

REITs)

47,097

Prologis,

Inc.

(Industrial

REITs)

2,335

238,637

Public

Storage

(Specialized

REITs)

119,271

Realty

Income

Corp.

(Retail

REITs)

2,205

127,581

Regency

Centers

Corp.

(Retail

REITs)

29,666

SBA

Communications

Corp.

-

Class

A

(Specialized

REITs)

65,961

Simon

Property

Group,

Inc.

(Retail

REITs)

773

121,655

UDR,

Inc.

(Residential

REITs)

758

31,745

Common

Stocks

(77.0%),

continued

Shares

Value

Ventas,

Inc.

(Health

Care

REITs)

1,101

$

77,158

VICI

Properties,

Inc.

(Specialized

REITs)

2,656

85,045

Welltower,

Inc.

(Health

Care

REITs)

1,535

234,226

Weyerhaeuser

Co.

(Specialized

REITs)

1,828

47,363

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $975,169)

2,680,652

Repurchase

Agreements

(a)(b) (23.3%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$812,095

$

812,000

812,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$812,000)

812,000

TOTAL

INVESTMENT

SECURITIES

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

$1,787,169)— 100.3%

3,492,652

Net

other

assets

(liabilities) —

(0.3)%

(11,665)

NET

ASSETS

—

100.0%

$

3,480,987

\*

Non-income

producing

security.

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$437,000.

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

5/23/25

5.08%

$

1,150,929

$

22,942

S&P

Real

Estate

Select

Sector

Index

UBS

AG

5/23/25

5.13%

1,393,658

24,034

$2,544,587

$46,976

(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

April

30,

2025,

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).

Real

Estate

UltraSector

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Health

Care

REITs

$

342,836

9.8%

Hotel

&

Resort

REITs

24,865

0.7%

Industrial

REITs

238,637

6.9%

Office

REITs

51,581

1.5%

Real

Estate

Management

&

Development

169,793

4.9%

Residential

REITs

339,405

9.7%

Retail

REITs

331,348

9.5%

Value

%

of

Net

Assets

Specialized

REITs

$

1,182,187

34.0%

Other

\*\*

800,335

23.0%

Total

$

3,480,987

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

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Rising

Rates

Opportunity

ProFund

Repurchase

Agreements

(a)(b) (97.6%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$10,240,202

$

10,239,000

$

10,239,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$10,239,000)

10,239,000

TOTAL

INVESTMENT

SECURITIES

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

$10,239,000)— 97.6%

10,239,000

Net

other

assets

(liabilities) —

2.4%

256,998

NET

ASSETS

—

100.0%

$

10,495,998

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$359,000.

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,

4.63%,

due

2/15/55

Citibank

North

America

5/15/25

(4.29)%

$

(7,949,163)

$

(127,760)

30-Year

U.S.

Treasury

Bond,

4.63%,

due

2/15/55

Societe

Generale

5/15/25

(4.22)%

(5,079,465)

(81,310)

$(13,028,628)

$(209,070)

(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

April

30,

2025,

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

::

April

30,

2025

(unaudited)

Rising

Rates

Opportunity

ProFund

Repurchase

Agreements

(a)(b) (98.7%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$611,072

$

611,000

$

611,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$611,000)

611,000

TOTAL

INVESTMENT

SECURITIES

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

$611,000)— 98.7%

611,000

Net

other

assets

(liabilities) —

1.3%

7,933

NET

ASSETS

—

100.0%

$

618,933

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$64,000.

Total

Return

Swap

Agreements—Short

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

10-Year

U.S.

Treasury

Note,

4.63%,

due

2/15/35

Citibank

North

America

5/15/25

(4.27)%

$

(157,109)

$

(2,710)

10-Year

U.S.

Treasury

Note,

4.63%,

due

2/15/35

Societe

Generale

5/15/25

(4.20)%

(460,854)

(6,734)

$(617,963)

$(9,444)

(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

April

30,

2025,

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).

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Rising

U.S.

Dollar

ProFund

Repurchase

Agreements

(a)(b) (96.0%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$8,360,982

$

8,360,000

$

8,360,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$8,360,000)

8,360,000

TOTAL

INVESTMENT

SECURITIES

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

$9,257,707)— 106.4%

9,267,304

Net

other

assets

(liabilities) —

(6.4)%

(558,040)

NET

ASSETS

—

100.0%

$

8,709,264

(a) The

ProFund

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.

(b) 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

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$331,000.

As

of

April

30,

2025,

the

Rising

U.S.

Dollar

ProFund'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

$

568,813

British

pound

439,150

05/16/25

$

585,200

$

(16,387)

U.S.

dollar

437,038

Canadian

dollar

623,925

05/16/25

453,031

(15,993)

U.S.

dollar

3,211,198

Euro

2,952,340

05/16/25

3,347,441

(136,243)

U.S.

dollar

388,624

Japanese

yen

57,581,695

05/16/25

403,537

(14,913)

U.S.

dollar

246,639

Swedish

krona

2,444,486

05/16/25

253,347

(6,708)

U.S.

dollar

295,042

Swiss

franc

258,439

05/16/25

313,891

(18,849)

Total

Short

Contracts

$

5,147,354

$

5,356,447

$(209,093)

Description

and

amount

of

currency

purchased

Description

and

amount

of

currency

sold

Delivery

Date

Fair

Value

Unrealized

Appreciation/

(Depreciation)

Long:

British

pound

58,195

U.S.

dollar

$

76,540

05/16/25

$

77,549

$

1,009

Canadian

dollar

93,742

U.S.

dollar

67,199

05/16/25

68,066

867

Euro

482,806

U.S.

dollar

541,730

05/16/25

547,418

5,688

Japanese

yen

20,248,297

U.S.

dollar

140,564

05/16/25

141,902

1,338

Swedish

krona

277,794

U.S.

dollar

28,437

05/16/25

28,791

Swiss

franc

35,880

U.S.

dollar

43,237

05/16/25

43,578

Total

Long

Contracts

$

897,707

$

907,304

$

9,597

As

of

April

30,

2025,

the

Rising

U.S.

Dollar

ProFund'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)

Short:

U.S.

dollar

$

499,976

British

pound

386,410

05/16/25

$

514,920

$

(14,944)

U.S.

dollar

389,522

Canadian

dollar

557,147

05/16/25

404,543

(15,021)

U.S.

dollar

2,062,919

Euro

1,900,987

05/16/25

2,155,389

(92,470)

U.S.

dollar

870,966

Japanese

yen

129,574,289

05/16/25

908,067

(37,101)

U.S.

dollar

133,490

Swedish

krona

1,323,650

05/16/25

137,183

(3,693)

U.S.

dollar

37,919

Swiss

franc

33,314

05/16/25

40,462

(2,543)

Total

Short

Contracts

$

3,994,792

$

4,160,564

$(165,772)

Total

unrealized

appreciation

$9,597

Total

unrealized

(depreciation)

(374,865)

Total

net

unrealized

appreciation/(depreciation)

$(365,268)

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Semiconductor

UltraSector

ProFund

Common

Stocks

(44.9%)

Shares

Value

Advanced

Micro

Devices,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

36,650

$

3,567,878

Allegro

MicroSystems,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,955

56,352

Amkor

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

2,565

44,759

Analog

Devices,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

11,215

2,186,028

Applied

Materials,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

18,371

2,768,693

Axcelis

Technologies,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

735

36,000

Broadcom,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

105,958

20,393,736

Cirrus

Logic,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,201

115,344

Enphase

Energy,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,993

133,458

Entegris,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

3,416

270,274

GLOBALFOUNDRIES,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,874

65,721

Intel

Corp.

(Semiconductors

&

Semiconductor

Equipment)

97,880

1,967,388

KLA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

3,004

2,110,881

Lam

Research

Corp.

(Semiconductors

&

Semiconductor

Equipment)

29,017

2,079,648

Lattice

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

3,121

152,711

Marvell

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

19,560

1,141,717

Microchip

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

12,157

560,195

Micron

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

25,186

1,938,063

MKS

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

1,521

106,683

Monolithic

Power

Systems,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

1,081

641,141

NVIDIA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

553,727

60,311,944

NXP

Semiconductors

N.V.

(Semiconductors

&

Semiconductor

Equipment)

5,745

1,058,861

ON

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

9,526

378,182

Common

Stocks

(44.9%),

continued

Shares

Value

Onto

Innovation,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,116

$

136,119

Power

Integrations,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

1,287

63,217

Qorvo,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,111

151,295

QUALCOMM,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

25,001

3,711,648

Rambus,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,409

117,535

Silicon

Laboratories,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

734

74,692

Skyworks

Solutions,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

3,634

233,594

Teradyne,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

3,681

273,167

Texas

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

20,578

3,293,509

Universal

Display

Corp.

(Semiconductors

&

Semiconductor

Equipment)

998

125,379

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $13,260,376)

110,265,812

Repurchase

Agreements

(a)(b) (35.8%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$88,193,356

$

88,183,000

88,183,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$88,183,000)

88,183,000

TOTAL

INVESTMENT

SECURITIES

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

$101,443,376)— 80.7%

198,448,812

Net

other

assets

(liabilities) —

19.3%

47,564,645

NET

ASSETS

—

100.0%

$

246,013,457

\*

Non-income

producing

security.

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$38,667,000.

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

5/23/25

5.08%

$

112,170,204

$

6,415,111

Dow

Jones

U.S.

Semiconductors

Index

UBS

AG

5/23/25

5.13%

146,643,781

6,241,685

$258,813,985

$12,656,796

(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

April

30,

2025,

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).

Semiconductor

UltraSector

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Semiconductor

UltraSector

ProFund

Value

%

of

Net

Assets

Semiconductors

&

Semiconductor

Equipment

$

110,265,812

44.9%

Other

\*\*

135,747,645

55.1%

Total

$

246,013,457

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

::

April

30,

2025

(unaudited)

Short

Energy

ProFund

Repurchase

Agreements

(a)(b) (108.9%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$982,115

$

982,000

$

982,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$982,000)

982,000

TOTAL

INVESTMENT

SECURITIES

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

$982,000)— 108.9%

982,000

Net

other

assets

(liabilities)

—

(8

.9)

%

(80,507)

NET

ASSETS

—

100.0%

$

901,493

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$184,000.

Total

Return

Swap

Agreements—Short

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

5/23/25

(4.58)%

$

(444,974)

$

5,052

S&P

Energy

Select

Sector

Index

UBS

AG

5/23/25

(4.63)%

(457,688)

8,705

$(902,662)

$13,757

(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

April

30,

2025,

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).

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Short

ProFund

Repurchase

Agreements

(a)(b) (229.8%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$2,743,322

$

2,743,000

$

2,743,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$2,743,000)

2,743,000

TOTAL

INVESTMENT

SECURITIES

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

$2,743,000)— 229.8%

2,743,000

Net

other

assets

(liabilities) —

(129.8)%

(1,549,294)

NET

ASSETS

—

100.0%

$

1,193,706

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$317,000.

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

5/27/25

(4.83)%

$

(775,012)

$

(8,305)

Index

UBS

AG

5/27/25

(4.73)%

(410,991)

(2,946)

$(1,186,003)

$(11,251)

(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

April

30,

2025,

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

::

April

30,

2025

(unaudited)

Short

Precious

Metals

ProFund

Repurchase

Agreements

(a)(b) (100.9%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$8,857,040

$

8,856,000

$

8,856,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$8,856,000)

8,856,000

TOTAL

INVESTMENT

SECURITIES

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

$8,856,000)— 100.9%

8,856,000

Net

other

assets

(liabilities) —

(0.9)%

(80,569)

NET

ASSETS

—

100.0%

$

8,775,431

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$1,647,000.

Total

Return

Swap

Agreements—Short

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

5/23/25

(4.58)%

$

(4,386,491)

$

(24,462)

Dow

Jones

Precious

Metals

Index

UBS

AG

5/23/25

(4.63)%

(4,385,762)

(25,968)

$(8,772,253)

$(50,430)

(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

April

30,

2025,

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).

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Short

Real

Estate

ProFund

Repurchase

Agreements

(a)(b) (113.9%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$1,025,120

$

1,025,000

$

1,025,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$1,025,000)

1,025,000

TOTAL

INVESTMENT

SECURITIES

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

$1,025,000)— 113.9%

1,025,000

Net

other

assets

(liabilities) —

(13.9)%

(125,360)

NET

ASSETS

—

100.0%

$

899,640

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$215,000.

Total

Return

Swap

Agreements—Short

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

5/23/25

(4.58)%

$

(449,940)

$

(10,472)

S&P

Real

Estate

Select

Sector

Index

UBS

AG

5/23/25

(4.63)%

(449,128)

(10,560)

$(899,068)

$(21,032)

(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

April

30,

2025,

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

::

April

30,

2025

(unaudited)

Short

Small-Cap

ProFund

Repurchase

Agreements

(a)(b) (114.2%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$580,068

$

580,000

$

580,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$580,000)

580,000

TOTAL

INVESTMENT

SECURITIES

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

$580,000)— 114.2%

580,000

Net

other

assets

(liabilities) —

(14.2)%

(71,903)

NET

ASSETS

—

100.0%

$

508,097

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$124,000.

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

5/27/25

(4.48)%

$

(129,632)

$

Russell

2000

Index

UBS

AG

5/27/25

(4.63)%

(377,111)

$(506,743)

$334

(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

April

30,

2025,

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).

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Small-Cap

Growth

ProFund

Common

Stocks

(99.9%)

Shares

Value

A10

Networks,

Inc.

\*

(Software)

$

4,433

ACADIA

Pharmaceuticals,

Inc.

\*

(Biotechnology)

517

7,548

Acadia

Realty

Trust

(Retail

REITs)

502

9,588

ACI

Worldwide,

Inc.

\*

(Software)

638

34,045

Acushnet

Holdings

Corp.

(Leisure

Products)

6,225

Addus

HomeCare

Corp.

\*

(Health

Care

Providers

&

Services)

7,109

Adeia,

Inc.

(Software)

3,041

ADMA

Biologics,

Inc.

\*

(Biotechnology)

1,437

34,201

Adtalem

Global

Education,

Inc.

\*

(Diversified

Consumer

Services)

24,001

Advanced

Energy

Industries,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

10,910

AeroVironment,

Inc.

\*

(Aerospace

&

Defense)

25,758

Agilysys,

Inc.

\*

(Software)

10,186

Alamo

Group,

Inc.

(Machinery)

4,675

Alarm.com

Holdings,

Inc.

\*

(Software)

9,648

Albany

International

Corp.

\*

(Machinery)

6,313

Alkermes

PLC

\*

(Biotechnology)

633

18,211

Alpha

and

Omega

Semiconductor,

Ltd.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,337

Alpha

Metallurgical

Resources,

Inc.

\*

(Metals

&

Mining)

5,097

American

Assets

Trust,

Inc.

(Equity

REIT

-

Diversified)

3,165

American

States

Water

Co.

(Water

Utilities)

9,328

Ameris

Bancorp

(Banks)

11,075

AMERISAFE,

Inc.

(Insurance)

2,417

Amphastar

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

3,515

ANI

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

7,153

Apogee

Enterprises,

Inc.

(Building

Products)

5,316

Apollo

Medical

Holdings,

Inc.

\*

(Health

Care

Providers

&

Services)

7,886

Apple

Hospitality

REIT,

Inc.

(Hotel

&

Resort

REITs)

665

7,827

Archrock,

Inc.

(Energy

Equipment

&

Services)

1,065

25,059

Arcosa,

Inc.

(Construction

&

Engineering)

15,213

Arcus

Biosciences,

Inc.

\*

(Biotechnology)

3,596

Arlo

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,421

Armada

Hoffler

Properties,

Inc.

(Equity

REIT

-

Diversified)

2,105

Armstrong

World

Industries,

Inc.

(Building

Products)

38,431

Arrowhead

Pharmaceuticals,

Inc.

\*

(Biotechnology)

4,167

Artisan

Partners

Asset

Management,

Inc.

-

Class

A

(Capital

Markets)

7,581

Artivion,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

5,425

Assured

Guaranty,

Ltd.

(Insurance)

12,545

Atlas

Energy

Solutions,

Inc.

\*

(Energy

Equipment

&

Services)

5,913

Axcelis

Technologies,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

5,682

Axos

Financial,

Inc.

\*

(Banks)

20,948

Azenta,

Inc.

\*

(Life

Sciences

Tools

&

Services)

3,582

AZZ,

Inc.

(Building

Products)

15,790

Badger

Meter,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

39,527

Balchem

Corp.

(Chemicals)

30,998

BancFirst

Corp.

(Banks)

14,256

Bank

of

Hawaii

Corp.

(Banks)

7,338

BankUnited,

Inc.

(Banks)

6,836

Banner

Corp.

(Banks)

6,542

Benchmark

Electronics,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

4,001

BGC

Group,

Inc.

-

Class

A

(Capital

Markets)

1,253

11,352

BioLife

Solutions,

Inc.

\*

(Life

Sciences

Tools

&

Services)

5,328

BlackLine,

Inc.

\*

(Software)

14,877

Boot

Barn

Holdings,

Inc.

\*

(Specialty

Retail)

19,407

Box,

Inc.

\*

-

Class

A

(Software)

874

27,286

Brady

Corp.

-

Class

A

(Commercial

Services

&

Supplies)

12,090

Common

Stocks

(99.9%),

continued

Shares

Value

Brighsphere

Investment

Group,

Inc.

(Capital

Markets)

$

4,580

Brinker

International,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

36,260

Cactus,

Inc.

-

Class

A

(Energy

Equipment

&

Services)

15,404

Calix,

Inc.

\*

(Communications

Equipment)

5,891

Cal-Maine

Foods,

Inc.

(Food

Products)

24,555

CareTrust

REIT,

Inc.

(Health

Care

REITs)

559

16,362

Cargurus,

Inc.

\*

(Interactive

Media

&

Services)

535

14,959

Cars.com,

Inc.

\*

(Interactive

Media

&

Services)

1,862

Catalyst

Pharmaceuticals,

Inc.

\*

(Biotechnology)

682

16,566

Cathay

General

Bancorp

(Banks)

9,047

Cavco

Industries,

Inc.

\*

(Household

Durables)

24,199

Centerspace

(Residential

REITs)

3,380

Central

Pacific

Financial

Corp.

(Banks)

2,620

Century

Aluminum

Co.

\*

(Metals

&

Mining)

5,186

CEVA,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,808

Champion

Homes,

Inc.

\*

(Household

Durables)

27,766

Chesapeake

Utilities

Corp.

(Gas

Utilities)

10,402

Cinemark

Holdings,

Inc.

\*

(Entertainment)

650

19,441

City

Holding

Co.

(Banks)

10,428

Cleanspark,

Inc.

\*

(Software)

1,691

13,815

Clear

Secure,

Inc.

-

Class

A

(Software)

572

14,117

Cogent

Communications

Holdings,

Inc.

(Diversified

Telecommunication

Services)

13,968

Cohen

&

Steers,

Inc.

(Capital

Markets)

12,440

Collegium

Pharmaceutical,

Inc.

\*

(Pharmaceuticals)

5,291

Community

Financial

System,

Inc.

(Banks)

11,191

Comstock

Resources,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

5,134

Concentra

Group

Holdings

Parent,

Inc.

(Health

Care

Providers

&

Services)

5,873

Corcept

Therapeutics,

Inc.

\*

(Pharmaceuticals)

567

40,755

Core

Laboratories,

Inc.

(Energy

Equipment

&

Services)

1,558

Core

Natural

Resources,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

22,241

CoreCivic,

Inc.

\*

(Commercial

Services

&

Supplies)

8,015

CorVel

Corp.

\*

(Health

Care

Providers

&

Services)

17,945

CSG

Systems

International,

Inc.

(Professional

Services)

5,171

CSW

Industrials,

Inc.

(Building

Products)

31,873

CTS

Corp.

(Electronic

Equipment,

Instruments

&

Components)

4,189

Curbline

Properties

Corp.

(Retail

REITs)

575

13,162

CVB

Financial

Corp.

(Banks)

6,081

Dave

&

Buster's

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

3,589

DiamondRock

Hospitality

Co.

(Hotel

&

Resort

REITs)

1,263

9,270

Digi

International,

Inc.

\*

(Communications

Equipment)

3,590

DigitalOcean

Holdings,

Inc.

\*

(IT

Services)

11,958

DNOW,

Inc.

\*

(Trading

Companies

&

Distributors)

5,808

Donnelley

Financial

Solutions,

Inc.

\*

(Capital

Markets)

3,278

Dorman

Products,

Inc.

\*

(Automobile

Components)

18,695

DoubleVerify

Holdings,

Inc.

\*

(Software)

6,352

Douglas

Emmett,

Inc.

(Office

REITs)

591

8,174

Dream

Finders

Homes,

Inc.

\*

-

Class

A

(Household

Durables)

3,762

DXP

Enterprises,

Inc.

\*

(Trading

Companies

&

Distributors)

6,900

Dycom

Industries,

Inc.

\*

(Construction

&

Engineering)

29,656

Dynavax

Technologies

Corp.

\*

(Biotechnology)

3,596

Element

Solutions,

Inc.

(Chemicals)

623

12,715

Elme

Communities

(Residential

REITs)

4,920

Employers

Holdings,

Inc.

(Insurance)

3,790

Enact

Holdings,

Inc.

\*

(Financial

Services)

1,432

Energizer

Holdings,

Inc.

(Household

Products)

4,516

Enerpac

Tool

Group

Corp.

(Machinery)

13,362

Enova

International,

Inc.

\*

(Consumer

Finance)

14,411

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Small-Cap

Growth

ProFund

Common

Stocks

(99.9%),

continued

Shares

Value

Enpro,

Inc.

(Machinery)

$

11,803

ePlus,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

4,677

ESCO

Technologies,

Inc.

(Machinery)

24,563

Essential

Properties

Realty

Trust,

Inc.

(Equity

REIT

-

Diversified)

1,142

36,739

Etsy,

Inc.

\*

(Broadline

Retail)

14,609

EVERTEC,

Inc.

(Financial

Services)

8,519

Everus

Contruction

Group,

Inc.

\*

(Construction

&

Engineering)

5,996

Extreme

Networks,

Inc.

\*

(Communications

Equipment)

5,106

FB

Financial

Corp.

(Banks)

4,086

Federal

Signal

Corp.

(Machinery)

30,211

First

Bancorp

(Banks)

605

11,882

First

Commonwealth

Financial

Corp.

(Banks)

4,458

First

Financial

Bancorp

(Banks)

6,320

First

Hawaiian,

Inc.

(Banks)

7,567

FormFactor,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

5,966

Forward

Air

Corp.

\*

(Air

Freight

&

Logistics)

707

Four

Corners

Property

Trust,

Inc.

(Specialized

REITs)

9,196

Franklin

Electric

Co.,

Inc.

(Machinery)

12,404

Freshpet,

Inc.

\*

(Retail

-

Discretionary)

21,694

Frontdoor,

Inc.

\*

(Diversified

Consumer

Services)

18,952

Fulton

Financial

Corp.

(Banks)

521

8,690

Gates

Industrial

Corp.

PLC

\*

(Machinery)

913

17,274

Getty

Realty

Corp.

(Retail

REITs)

3,695

Glaukos

Corp.

\*

(Health

Care

Equipment

&

Supplies)

31,668

GMS,

Inc.

\*

(Trading

Companies

&

Distributors)

11,062

Gogo,

Inc.

\*

(Wireless

Telecommunication

Services)

1,257

Goosehead

Insurance,

Inc.

\*

-

Class

A

(Insurance)

14,485

Granite

Construction,

Inc.

(Construction

&

Engineering)

21,461

Green

Brick

Partners,

Inc.

\*

(Household

Durables)

11,031

Grid

Dynamics

Holdings,

Inc.

\*

(IT

Services)

3,498

Griffon

Corp.

(Building

Products)

16,346

Group

Automotive,

Inc.

(Specialty

Retail)

15,338

HA

Sustainable

Infrastructure

Capital,

Inc.

(Financial

Services)

9,767

Hanesbrands,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

1,139

5,228

Harmonic,

Inc.

\*

(Communications

Equipment)

3,269

Harmony

Biosciences

Holdings,

Inc.

\*

(Pharmaceuticals)

6,837

Hawkins,

Inc.

(Chemicals)

14,126

HCI

Group,

Inc.

\*

(Insurance)

7,461

HealthStream,

Inc.

\*

(Health

Care

Technology)

2,859

Heidrick

&

Struggles

International,

Inc.

(Professional

Services)

2,614

Helix

Energy

Solutions

Group,

Inc.

\*

(Energy

Equipment

&

Services)

3,021

Helmerich

&

Payne,

Inc.

(Energy

Equipment

&

Services)

6,630

Highwoods

Properties,

Inc.

(Office

REITs)

11,376

HNI

Corp.

(Commercial

Services

&

Supplies)

6,430

ICU

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

20,352

Impinj,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

12,990

Ingevity

Corp.

\*

(Chemicals)

3,727

Innospec,

Inc.

(Chemicals)

6,800

Innovative

Industrial

Properties,

Inc.

(Industrial

REITs)

6,354

Innoviva,

Inc.

\*

(Pharmaceuticals)

3,439

Inspire

Medical

Systems,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

28,508

Installed

Building

Products,

Inc.

(Household

Durables)

23,382

Integer

Holdings

Corp.

\*

(Health

Care

Equipment

&

Supplies)

25,767

Inter

Parfums,

Inc.

(Personal

Care

Products)

11,903

InterDigital,

Inc.

(Software)

31,557

Common

Stocks

(99.9%),

continued

Shares

Value

Interface,

Inc.

(Commercial

Services

&

Supplies)

$

6,674

International

Seaways,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

4,754

Itron,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

30,605

J

&

J

Snack

Foods

Corp.

(Food

Products)

6,739

John

Bean

Technologies

Corp.

(Machinery)

12,421

John

Wiley

&

Sons,

Inc.

-

Class

A

(Media)

6,415

Kadant,

Inc.

(Machinery)

21,240

KAR

Auction

Services,

Inc.

\*

(Commercial

Services

&

Supplies)

650

12,032

Kennedy-Wilson

Holdings,

Inc.

(Real

Estate

Management

&

Development)

1,709

Kontoor

Brands,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

18,165

Korn

Ferry

(Professional

Services)

12,032

Kratos

Defense

&

Security

Solutions,

Inc.

\*

(Aerospace

&

Defense)

540

18,244

Krystal

Biotech,

Inc.

\*

(Biotechnology)

26,162

Lakeland

Financial

Corp.

(Banks)

4,676

LeMaitre

Vascular,

Inc.

(Health

Care

Equipment

&

Supplies)

11,252

Liberty

Energy,

Inc.

(Energy

Equipment

&

Services)

542

6,233

Ligand

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

6,921

Lindsay

Corp.

(Machinery)

3,872

Liquidity

Services,

Inc.

\*

(Commercial

Services

&

Supplies)

4,386

LiveRamp

Holdings,

Inc.

\*

(Software)

5,441

LTC

Properties,

Inc.

(Health

Care

REITs)

4,627

Lumen

Technologies,

Inc.

\*

(Diversified

Telecommunication

Services)

3,149

11,147

M/I

Homes,

Inc.

\*

(Household

Durables)

9,388

Mack-Cali

Realty

Corp.

\*

(Residential

REITs)

3,290

Madison

Square

Garden

Sports

Corp.

\*

(Entertainment)

19,449

Magnolia

Oil

&

Gas

Corp.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

743

15,254

MARA

Holdings,

Inc.

\*

(Software)

2,065

27,609

Matson,

Inc.

(Marine

Transportation)

14,073

Mercury

General

Corp.

(Insurance)

8,923

Merit

Medical

Systems,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

33,436

Mesa

Laboratories,

Inc.

(Life

Sciences

Tools

&

Services)

2,536

MGE

Energy,

Inc.

(Electric

Utilities)

12,388

Middlesex

Water

Co.

(Water

Utilities)

3,408

Mister

Car

Wash,

Inc.

\*

(Diversified

Consumer

Services)

1,838

Moelis

&

Co.

-

Class

A

(Capital

Markets)

11,734

Monarch

Casino

&

Resort,

Inc.

(Hotels,

Restaurants

&

Leisure)

6,099

Moog,

Inc.

-

Class

A

(Aerospace

&

Defense)

28,768

MP

Materials

Corp.

\*

(Metals

&

Mining)

7,901

Mueller

Water

Products,

Inc.

-

Class

A,

Series

A

(Machinery)

952

24,980

MYR

Group,

Inc.

\*

(Construction

&

Engineering)

6,850

N-able,

Inc.

\*

(Software)

1,341

National

Bank

Holdings

Corp.

-

Class

A

(Banks)

3,761

National

Beverage

Corp.

(Beverages)

3,286

National

HealthCare

Corp.

(Health

Care

Providers

&

Services)

4,536

NBT

Bancorp,

Inc.

(Banks)

5,335

NCR

Atleos

Corp.

\*

(Financial

Services)

5,416

NeoGenomics,

Inc.

\*

(Health

Care

Providers

&

Services)

2,251

NexPoint

Residential

Trust,

Inc.

(Residential

REITs)

5,033

NMI

Holdings,

Inc.

\*

-

Class

A

(Financial

Services)

17,290

Northern

Oil

and

Gas,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

604

14,677

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Small-Cap

Growth

ProFund

Common

Stocks

(99.9%),

continued

Shares

Value

Oceaneering

International,

Inc.

\*

(Energy

Equipment

&

Services)

614

$

10,899

OFG

Bancorp

(Banks)

6,453

OSI

Systems,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

19,655

Otter

Tail

Corp.

(Electric

Utilities)

9,049

Outfront

Media,

Inc.

\*

(Specialized

REITs)

839

12,694

Palomar

Holdings,

Inc.

\*

(Insurance)

23,349

Park

National

Corp.

(Banks)

8,706

Pathward

Financial,

Inc.

(Banks)

11,509

Patrick

Industries,

Inc.

(Automobile

Components)

7,544

Payoneer

Global,

Inc.

\*

(Financial

Services)

1,562

10,981

PDF

Solutions,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

3,468

Pebblebrook

Hotel

Trust

(Hotel

&

Resort

REITs)

3,303

Perdoceo

Education

Corp.

(Diversified

Consumer

Services)

4,999

Phibro

Animal

Health

Corp.

-

Class

A

(Pharmaceuticals)

2,308

Phillips

Edison

&

Co.,

Inc.

(Retail

REITs)

11,625

Phinia,

Inc.

(Automobile

Components)

5,099

Photronics,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,960

Piper

Sandler

Cos.

(Capital

Markets)

23,389

Pitney

Bowes,

Inc.

(Commercial

Services

&

Supplies)

3,932

PJT

Partners,

Inc.

-

Class

A

(Capital

Markets)

20,406

Plexus

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

13,712

Powell

Industries,

Inc.

(Electrical

Equipment)

10,437

Preferred

Bank

(Banks)

5,990

Prestige

Consumer

Healthcare,

Inc.

\*

(Pharmaceuticals)

14,703

Privia

Health

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

10,167

PROG

Holdings,

Inc.

(Consumer

Finance)

6,669

Progress

Software

Corp.

(Software)

15,829

Progyny,

Inc.

\*

(Health

Care

Providers

&

Services)

5,139

Protagonist

Therapeutics,

Inc.

\*

(Biotechnology)

16,587

QuinStreet,

Inc.

\*

(Interactive

Media

&

Services)

6,027

Radian

Group,

Inc.

(Financial

Services)

12,680

RadNet,

Inc.

\*

(Health

Care

Providers

&

Services)

20,742

RPC,

Inc.

\*

(Energy

Equipment

&

Services)

1,239

Rush

Enterprises,

Inc.

-

Class

A

(Trading

Companies

&

Distributors)

11,983

RXO,

Inc.

\*

(Ground

Transportation)

5,706

Ryman

Hospitality

Properties,

Inc.

(Hotel

&

Resort

REITs)

32,014

S&T

Bancorp,

Inc.

(Banks)

4,482

Sabre

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

2,349

5,567

Sanmina

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

12,210

Saul

Centers,

Inc.

(Retail

REITs)

1,275

Schrodinger,

Inc.

\*

(Health

Care

Technology)

4,562

Sealed

Air

Corp.

(Containers

&

Packaging)

9,536

Semtech

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

523

16,344

Sensient

Technologies

Corp.

(Chemicals)

12,871

ServisFirst

Bancshares,

Inc.

(Banks)

21,722

Shake

Shack,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

21,321

Simulations

Plus,

Inc.

(Health

Care

Technology)

1,855

SiTime

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

17,035

Six

Flags

Entertainment

Corp.

(Hotels,

Restaurants

&

Leisure)

567

19,510

SkyWest,

Inc.

\*

(Passenger

Airlines)

21,847

SL

Green

Realty

Corp.

(Office

REITs)

15,677

Common

Stocks

(99.9%),

continued

Shares

Value

SM

Energy

Co.

(Oil,

Gas

&

Consumable

Fuels)

$

7,931

SolarEdge

Technologies,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,297

Sprinklr,

Inc.

\*

-

Class

A

(Software)

1,992

SPS

Commerce,

Inc.

\*

(Software)

33,007

SPX

Technologies,

Inc.

\*

(Machinery)

37,829

STAAR

Surgical

Co.

\*

(Health

Care

Equipment

&

Supplies)

3,104

Standex

International

Corp.

(Machinery)

6,647

StepStone

Group,

Inc.

-

Class

A

(Capital

Markets)

11,402

Sterling

Infrastructure,

Inc.

\*

(Construction

&

Engineering)

27,794

Steven

Madden,

Ltd.

(Textiles,

Apparel

&

Luxury

Goods)

6,090

StoneX

Group,

Inc.

\*

(Capital

Markets)

12,222

Stride,

Inc.

\*

(Diversified

Consumer

Services)

36,985

Summit

Hotel

Properties,

Inc.

(Hotel

&

Resort

REITs)

1,319

Sunstone

Hotel

Investors,

Inc.

(Hotel

&

Resort

REITs)

1,223

10,200

Supernus

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

5,554

Sylvamo

Corp.

(Paper

&

Forest

Products)

12,401

Tandem

Diabetes

Care,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

6,740

Tanger,

Inc.

(Retail

REITs)

14,211

TechTarget,

Inc.

\*

(Media)

598

Teradata

Corp.

\*

(Software)

4,386

Terreno

Realty

Corp.

(Industrial

REITs)

16,730

TG

Therapeutics,

Inc.

\*

(Biotechnology)

812

36,953

The

Bancorp,

Inc.

\*

(Banks)

14,010

The

Buckle,

Inc.

(Specialty

Retail)

3,163

The

Cheesecake

Factory,

Inc.

(a) (Hotels,

Restaurants

&

Leisure)

9,470

The

Chefs'

Warehouse,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

12,192

The

GEO

Group,

Inc.

\*

(Commercial

Services

&

Supplies)

828

25,899

The

Greenbrier

Cos.,

Inc.

(Machinery)

8,102

The

Macerich

Co.

(Retail

REITs)

998

14,631

The

Simply

Good

Foods

Co.

\*

(Food

Products)

9,280

The

St.

Joe

Co.

(Real

Estate

Management

&

Development)

9,733

Thryv

Holdings,

Inc.

\*

(Media)

1,247

Tidewater,

Inc.

\*

(Energy

Equipment

&

Services)

10,567

Tompkins

Financial

Corp.

\*

(Banks)

1,848

Tootsie

Roll

Industries,

Inc.

\*

(Food

Products)

1,888

TransMedics

Group,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

18,770

Tri

Pointe

Homes,

Inc.

\*

(Household

Durables)

8,918

Trinity

Industries,

Inc.

(Machinery)

500

12,550

TripAdvisor,

Inc.

\*

(Interactive

Media

&

Services)

5,590

Triumph

Financial,

Inc.

\*

(Banks)

4,380

Triumph

Group,

Inc.

\*

(Aerospace

&

Defense)

7,188

Trupanion,

Inc.

\*

(Insurance)

7,466

TTM

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

6,466

U.S.

Physical

Therapy,

Inc.

(Health

Care

Providers

&

Services)

3,200

UFP

Technologies,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

9,176

UniFirst

Corp.

(Commercial

Services

&

Supplies)

7,317

Uniti

Group,

Inc.

(Specialized

REITs)

699

3,439

Unitil

Corp.

(Multi-Utilities)

2,229

Universal

Health

Realty

Income

Trust

(Health

Care

REITs)

1,452

Urban

Edge

Properties

(Retail

REITs)

8,276

Urban

Outfitters,

Inc.

\*

(Specialty

Retail)

8,128

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Small-Cap

Growth

ProFund

Common

Stocks

(99.9%),

continued

Shares

Value

Vericel

Corp.

\*

(Biotechnology)

$

11,406

Verra

Mobility

Corp.

\*

-

Class

A

(Professional

Services)

1,002

21,844

Viad

Corp.

\*

(Commercial

Services

&

Supplies)

3,778

Viavi

Solutions,

Inc.

\*

(Communications

Equipment)

581

6,147

Vicor

Corp.

\*

(Electrical

Equipment)

3,153

Virtu

Financial,

Inc.

-

Class

A

(Capital

Markets)

19,223

Virtus

Investment

Partners,

Inc.

(Capital

Markets)

2,457

Warrior

Met

Coal,

Inc.

(Metals

&

Mining)

15,301

Co.

(Household

Products)

11,417

Westamerica

Bancorp

\*

(Banks)

4,359

Whitestone

REIT

(Retail

REITs)

1,773

WillScot

Mobile

Mini

Holdings

Corp.

\*

(Biotech

&

Pharma)

697

17,509

WisdomTree,

Inc.

(Capital

Markets)

697

6,064

WK

Kellogg

Co.

(Food

Products)

4,483

Wolfspeed,

Inc.

\*(a)

(Semiconductors

&

Semiconductor

Equipment)

1,349

Wolverine

World

Wide,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

4,320

WSFS

Financial

Corp.

(Banks)

8,454

Xencor,

Inc.

\*

(Biotechnology)

1,984

Xenia

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

620

6,622

XPEL,

Inc.

\*

(Automobile

Components)

3,952

Yelp,

Inc.

\*

(Interactive

Media

&

Services)

7,753

Zurn

Elkay

Water

Solutions

Corp.

(Building

Products)

868

29,477

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $2,959,685)

3,797,425

Collateral

for

Securities

Loaned

(b) (0.3%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 4.37%

(c) 10,299

10,299

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $10,299)

10,299

TOTAL

INVESTMENT

SECURITIES

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

$2,969,984)— 100.2%

3,807,724

Net

other

assets

(liabilities) —

(0.2)%

(7,636)

NET

ASSETS

—

100.0%

$

3,800,088

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

April

30,

2025. The

total

value

of

securities

on

loan

as

of

April

30,

2025

was

$10,162.

(b) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

April

30,

2025. (c) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

April

30,

2025. REIT

Real

Estate

Investment

Trust

Small-Cap

Growth

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

79,957

2.1%

Air

Freight

&

Logistics

706

NM

Automobile

Components

35,290

0.9%

Banks

255,051

6.7%

Beverages

3,286

0.1%

Value

%

of

Net

Assets

Biotech

&

Pharma

$

17,509

0.5%

Biotechnology

180,977

4.8%

Broadline

Retail

14,609

0.4%

Building

Products

137,233

3.6%

Capital

Markets

146,128

3.9%

Chemicals

81,237

2.1%

Commercial

Services

&

Supplies

90,553

2.4%

Communications

Equipment

24,003

0.6%

Construction

&

Engineering

106,970

2.8%

Consumer

Finance

21,080

0.6%

Consumer

Staples

Distribution

&

Retail

12,191

0.3%

Containers

&

Packaging

9,536

0.3%

Diversified

Consumer

Services

86,775

2.3%

Diversified

Telecommunication

Services

25,115

0.7%

Electric

Utilities

21,437

0.6%

Electrical

Equipment

13,590

0.4%

Electronic

Equipment,

Instruments

&

Components

149,373

3.9%

Energy

Equipment

&

Services

86,523

2.3%

Entertainment

38,891

1.0%

Equity

REIT

-

Diversified

42,009

1.1%

Financial

Services

66,085

1.7%

Food

Products

46,946

1.3%

Gas

Utilities

10,402

0.3%

Ground

Transportation

5,706

0.2%

Health

Care

Equipment

&

Supplies

194,198

5.1%

Health

Care

Providers

&

Services

84,848

2.2%

Health

Care

REITs

22,441

0.6%

Health

Care

Technology

9,275

0.2%

Hotel

&

Resort

REITs

70,555

1.9%

Hotels,

Restaurants

&

Leisure

101,816

2.7%

Household

Durables

108,445

2.8%

Household

Products

15,934

0.4%

Industrial

REITs

23,084

0.6%

Insurance

80,436

2.1%

Interactive

Media

&

Services

36,191

1.0%

IT

Services

15,456

0.4%

Leisure

Products

6,225

0.2%

Life

Sciences

Tools

&

Services

11,446

0.3%

Machinery

248,247

6.5%

Marine

Transportation

14,073

0.4%

Media

8,259

0.2%

Metals

&

Mining

33,485

0.9%

Multi-Utilities

2,229

NM

Office

REITs

35,227

0.9%

Oil,

Gas

&

Consumable

Fuels

69,991

1.8%

Paper

&

Forest

Products

12,401

0.3%

Passenger

Airlines

21,847

0.6%

Personal

Care

Products

11,903

0.3%

Pharmaceuticals

96,476

2.5%

Professional

Services

41,661

1.1%

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Small-Cap

Growth

ProFund

Value

%

of

Net

Assets

Real

Estate

Management

&

Development

$

11,442

0.3%

Residential

REITs

16,623

0.4%

Retail

-

Discretionary

21,694

0.6%

Retail

REITs

78,236

2.0%

Semiconductors

&

Semiconductor

Equipment

70,236

1.9%

Software

258,962

6.8%

Specialized

REITs

25,329

0.7%

Specialty

Retail

46,037

1.2%

Textiles,

Apparel

&

Luxury

Goods

33,803

0.9%

Trading

Companies

&

Distributors

35,753

0.9%

Water

Utilities

12,736

0.3%

Wireless

Telecommunication

Services

1,257

NM

Other

\*\*

2,663

0.1%

Total

$

3,800,088

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

::

April

30,

2025

(unaudited)

Small-Cap

ProFund

Common

Stocks

(71

.8

%)

Shares

Value

1-800-Flowers.com,

Inc.

\*

-

Class

A

(Specialty

Retail)

$

1st

Source

Corp.

(Banks)

1,079

1stdibs.Com,

Inc.

\*

(Broadline

Retail)

2seventy

bio,

Inc.

\*

(Biotechnology)

374Water,

Inc.

\*

(Machinery)

3D

Systems

Corp.

\*

(Machinery)

4D

Molecular

Therapeutics,

Inc.

\*

(Biotechnology)

89bio,

Inc.

\*

(Biotechnology)

874

8x8,

Inc.

\*

(Software)

908

Devices,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

A10

Networks,

Inc.

\*

(Software)

1,137

AAR

Corp.

\*

(Aerospace

&

Defense)

1,818

Abercrombie

&

Fitch

Co.

\*

(Specialty

Retail)

3,332

ABM

Industries,

Inc.

(Commercial

Services

&

Supplies)

2,973

Absci

Corp.

\*

(Biotechnology)

Acacia

Research

Corp.

\*

(Financial

Services)

Academy

Sports

&

Outdoors,

Inc.

(Specialty

Retail)

2,487

ACADIA

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,708

Acadia

Realty

Trust

(Retail

REITs)

2,177

Accel

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

536

ACCO

Brands

Corp.

(Commercial

Services

&

Supplies)

Accuray,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

ACELYRIN,

Inc.

\*

(Biotechnology)

Achieve

Life

Sciences,

Inc.

\*

(Biotechnology)

ACI

Worldwide,

Inc.

\*

(Software)

5,496

ACM

Research,

Inc.

\*

-

Class

A

(Semiconductors

&

Semiconductor

Equipment)

974

ACNB

Corp.

\*

(Banks)

Acrivon

Therapeutics,

Inc.

\*

(Biotechnology)

Actinium

Pharmaceuticals,

Inc.

\*

(Biotechnology)

Acumen

Pharmaceuticals,

Inc.

\*

(Biotechnology)

Acushnet

Holdings

Corp.

(Leisure

Products)

1,788

ACV

Auctions,

Inc.

\*

-

Class

A

(Commercial

Services

&

Supplies)

2,115

AdaptHealth

Corp.

\*

(Health

Care

Providers

&

Services)

842

Adaptive

Biotechnologies

Corp.

\*

(Life

Sciences

Tools

&

Services)

832

ADC

Therapeutics

SA

\*

(Biotechnology)

Addus

HomeCare

Corp.

\*

(Health

Care

Providers

&

Services)

1,777

Adeia,

Inc.

(Software)

1,305

Adient

PLC

\*

(Automobile

Components)

1,037

ADMA

Biologics,

Inc.

\*

(Biotechnology)

5,331

Adtalem

Global

Education,

Inc.

\*

(Diversified

Consumer

Services)

3,929

ADTRAN

Holdings,

Inc.

\*

(Communications

Equipment)

590

Advanced

Emissions

Solutions,

Inc.

\*

(Chemicals)

Advanced

Energy

Industries,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

3,507

AdvanSix,

Inc.

(Chemicals)

536

Advantage

Solutions,

Inc.

\*

(Media)

Adverum

Biotechnologies,

Inc.

\*

(Biotechnology)

Aehr

Test

Systems

\*

(Semiconductors

&

Semiconductor

Equipment)

Aemetis,

Inc.

\*(a)

(Oil,

Gas

&

Consumable

Fuels)

AeroVironment,

Inc.

\*

(Aerospace

&

Defense)

4,091

AerSale

Corp.

\*

(Aerospace

&

Defense)

Aeva

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

AFC

Gamma,

Inc.

\*

(Mortgage

REITs)

AG

Mortgage

Investment

Trust,

Inc.

\*

(Mortgage

REITs)

Agenus,

Inc.

\*

(Biotechnology)

agilon

health,

Inc.

\*

(Health

Care

Providers

&

Services)

1,282

Agilysys,

Inc.

\*

(Software)

1,636

Agios

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,633

Common

Stocks

(71.8%),

continued

Shares

Value

AirSculpt

Technologies,

Inc.

\*

(Health

Care

Providers

&

Services)

$

Airship

AI

Holdings,

Inc.

\*

(Software)

Aka

Brands

Holding

Corp.

\*

(Specialty

Retail)

Akebia

Therapeutics,

Inc.

\*

(Biotechnology)

509

Akero

Therapeutics,

Inc.

\*

(Biotechnology)

3,330

Akoya

Biosciences,

Inc.

\*

(Life

Sciences

Tools

&

Services)

Alamo

Group,

Inc.

(Machinery)

1,670

Alarm.com

Holdings,

Inc.

\*

(Software)

2,466

Albany

International

Corp.

\*

(Machinery)

1,973

Aldeyra

Therapeutics,

Inc.

\*

(Biotechnology)

Alector,

Inc.

\*

(Biotechnology)

Alerus

Financial

Corp.

\*

(Financial

Services)

Alexander

&

Baldwin,

Inc.

(Equity

REIT

-

Diversified)

1,220

Alexander's,

Inc.

\*

(Retail

REITs)

Alico,

Inc.

\*

(Food

Products)

Alight,

Inc.

-

Class

A

(Professional

Services)

2,090

Alignment

Healthcare,

Inc.

\*

(Health

Care

Providers

&

Services)

1,737

Alkami

Technology,

Inc.

\*

(Software)

1,575

Alkermes

PLC

\*

(Biotechnology)

4,517

Allegiant

Travel

Co.

(Passenger

Airlines)

704

ALLETE,

Inc.

(Electric

Utilities)

3,733

Allied

Motion

Technologies,

Inc.

(Electrical

Equipment)

Allogene

Therapeutics,

Inc.

\*

(Biotechnology)

Alpha

and

Omega

Semiconductor,

Ltd.

\*

(Semiconductors

&

Semiconductor

Equipment)

Alpha

Metallurgical

Resources,

Inc.

\*

(Metals

&

Mining)

1,335

Alphatec

Holdings,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,109

Alpine

Income

Property

Trust,

Inc.

\*

(Equity

REIT

-

Diversified)

Alta

Equipment

Group,

Inc.

\*

(Trading

Companies

&

Distributors)

AlTi

Global,

Inc.

\*

(Capital

Markets)

Altimmune,

Inc.

\*(a)

(Biotechnology)

Alto

Neuroscience,

Inc.

\*

(Pharmaceuticals)

Alumis,

Inc.

\*

(Pharmaceuticals)

ALX

Oncology

Holdings,

Inc.

\*

(Biotechnology)

Amalgamated

Financial

Corp.

(Banks)

A-Mark

Precious

Metals,

Inc.

\*

(Distributors)

Ambac

Financial

Group,

Inc.

\*

(Insurance)

Ambarella,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,824

AMC

Entertainment

Holdings,

Inc.

\*

(Entertainment)

1,052

AMC

Networks,

Inc.

\*

-

Class

A

(Media)

Amerant

Bancorp,

Inc.

\*

(Banks)

606

Ameresco,

Inc.

\*

-

Class

A

(Construction

&

Engineering)

American

Assets

Trust,

Inc.

(Equity

REIT

-

Diversified)

880

American

Axle

&

Manufacturing

Holdings,

Inc.

\*

(Automobile

Components)

American

Eagle

Outfitters,

Inc.

(Specialty

Retail)

1,822

American

Healthcare

REIT,

Inc.

(Health

Care

REITs)

4,778

American

Public

Education,

Inc.

\*

(Diversified

Consumer

Services)

American

Reality

Investors,

Inc.

\*

(Real

Estate

Management

&

Development)

American

States

Water

Co.

(Water

Utilities)

3,001

American

Superconductor

Corp.

\*

(Electrical

Equipment)

675

American

Vanguard

Corp.

\*

(Chemicals)

American

Woodmark

Corp.

\*

(Building

Products)

885

America's

Car-Mart,

Inc.

\*

(Specialty

Retail)

Ameris

Bancorp

(Banks)

3,750

AMERISAFE,

Inc.

(Insurance)

883

Ames

National

Corp.

\*

(Banks)

Amicus

Therapeutics,

Inc.

\*

(Biotechnology)

2,196

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Small-Cap

ProFund

Common

Stocks

(71.8%),

continued

Shares

Value

AMMO,

Inc.

\*

(Leisure

Products)

$

AMN

Healthcare

Services,

Inc.

\*

(Health

Care

Providers

&

Services)

756

Amneal

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

1,187

Amphastar

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

903

Amplify

Energy

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

Amplitude,

Inc.

\*

-

Class

A

(Software)

698

Amprius

Technologies,

Inc.

\*

(Electrical

Equipment)

AnaptysBio,

Inc.

\*

(Biotechnology)

Anavex

Life

Sciences

Corp.

\*(a)

(Biotechnology)

694

Angel

Oak

Mortgage

REIT,

Inc.

\*

(Mortgage

REITs)

AngioDynamics,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

ANI

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

1,275

Anika

Therapeutics,

Inc.

\*

(Biotechnology)

Annexon,

Inc.

\*

(Biotechnology)

Anteris

Technologies

Global

Corp.

\*

(Medical

Equipment

&

Devices)

Anterix,

Inc.

\*

(Diversified

Telecommunication

Services)

Anywhere

Real

Estate,

Inc.

\*

(Real

Estate

Management

&

Development)

Apartment

Investment

and

Management

Co.

\*

(Residential

REITs)

1,076

Apogee

Enterprises,

Inc.

(Building

Products)

833

Apogee

Therapeutics,

Inc.

\*

(Biotechnology)

1,452

Apollo

Commercial

Real

Estate

Finance,

Inc.

(Mortgage

REITs)

1,265

Apollo

Medical

Holdings,

Inc.

\*

(Health

Care

Providers

&

Services)

1,309

Appian

Corp.

\*

-

Class

A

(Software)

1,211

Apple

Hospitality

REIT,

Inc.

(Hotel

&

Resort

REITs)

2,613

Applied

Digital

Corp.

\*(a)

(IT

Services)

876

Applied

Industrial

Technologies,

Inc.

(Trading

Companies

&

Distributors)

9,000

Applied

Optoelectronics,

Inc.

\*

(Communications

Equipment)

537

Applied

Therapeutics,

Inc.

\*

(Biotechnology)

Aquestive

Therapeutics,

Inc.

\*

(Pharmaceuticals)

Arbor

Realty

Trust,

Inc.

(a) (Mortgage

REITs)

2,064

Arbutus

Biopharma

Corp.

\*

(Biotechnology)

504

ArcBest

Corp.

(Ground

Transportation)

1,346

Arcellx,

Inc.

\*

(Biotechnology)

2,793

Archer

Aviation,

Inc.

\*

-

Class

A

(Aerospace

&

Defense)

2,624

Archrock,

Inc.

(Energy

Equipment

&

Services)

3,835

Arcosa,

Inc.

(Construction

&

Engineering)

3,763

Arcturus

Therapeutics

Holdings,

Inc.

\*

(Biotechnology)

Arcus

Biosciences,

Inc.

\*

(Biotechnology)

Arcutis

Biotherapeutics,

Inc.

\*

(Biotechnology)

1,566

Ardagh

Metal

Packaging

SA

\*

(Containers

&

Packaging)

523

Ardelyx,

Inc.

\*

(Biotechnology)

1,261

Ardent

Health

Partners,

Inc.

\*

(Health

Care

Providers

&

Services)

Ardmore

Shipping

Corp.

(Oil,

Gas

&

Consumable

Fuels)

Ares

Commercial

Real

Estate

Corp.

\*

(Mortgage

REITs)

Argan,

Inc.

(Construction

&

Engineering)

1,838

Arhaus,

Inc.

\*

(Specialty

Retail)

Aris

Water

Solutions,

Inc.

-

Class

A

(Commercial

Services

&

Supplies)

649

Arko

Corp.

\*

(Specialty

Retail)

Arlo

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

934

Armada

Hoffler

Properties,

Inc.

(Equity

REIT

-

Diversified)

521

ARMOUR

Residential

REIT,

Inc.

(Mortgage

REITs)

906

Array

Technologies,

Inc.

\*

(Electrical

Equipment)

712

Common

Stocks

(71.8%),

continued

Shares

Value

ArriVent

Biopharma,

Inc.

\*

(Biotechnology)

$

574

Arrow

Financial

Corp.

(Banks)

Arrowhead

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,611

ARS

Pharmaceuticals,

Inc.

\*

(Biotechnology)

671

Arteris,

Inc.

\*

(Software)

Artisan

Partners

Asset

Management,

Inc.

-

Class

A

(Capital

Markets)

2,256

Artiva

Biotherapeutics,

Inc.

\*

(Biotechnology)

Artivion,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

924

Arvinas,

Inc.

\*

(Pharmaceuticals)

606

Asana,

Inc.

\*

-

Class

A

(Software)

1,275

Asbury

Automotive

Group,

Inc.

\*

(Specialty

Retail)

4,144

ASGN,

Inc.

\*

(IT

Services)

2,115

ASP

Isotopes,

Inc.

\*

(Chemicals)

Aspen

Aerogels,

Inc.

\*

(Chemicals)

Associated

Banc-Corp.

(Banks)

3,530

AST

SpaceMobile,

Inc.

\*(a)

(Diversified

Telecommunication

Services)

3,040

Astec

Industries,

Inc.

(Machinery)

797

Astria

Therapeutics,

Inc.

\*

(Biotechnology)

Astronics

Corp.

\*

(Aerospace

&

Defense)

658

Asure

Software,

Inc.

\*

(Professional

Services)

Atea

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

Atkore,

Inc.

(Electrical

Equipment)

2,172

Atlanta

Braves

Holdings,

Inc.

\*

(Entertainment)

1,953

Atlanta

Braves

Holdings,

Inc.

\*

(Entertainment)

Atlantic

Union

Bankshares

Corp.

(Banks)

3,490

Atlanticus

Holdings

Corp.

\*

(Consumer

Finance)

Atlas

Energy

Solutions,

Inc.

\*

(Energy

Equipment

&

Services)

988

Atmus

Filtration

Technologies,

Inc.

(Machinery)

2,843

ATN

International,

Inc.

\*

(Diversified

Telecommunication

Services)

Atossa

Therapeutics,

Inc.

\*

(Biotechnology)

AtriCure,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,376

AudioEye,

Inc.

\*

(Software)

Aura

Biosciences,

Inc.

\*

(Biotechnology)

Aurinia

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,079

Aurora

Innovation,

Inc.

\*

(Software)

936

6,776

Avadel

Pharmaceuticals

PLC

\*

(Pharmaceuticals)

800

Avanos

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

552

Aveanna

Healthcare

Holdings,

Inc.

\*

(Health

Care

Providers

&

Services)

AvePoint,

Inc.

\*

(Software)

2,060

Aviat

Networks,

Inc.

\*

(Communications

Equipment)

Avidity

Biosciences,

Inc.

\*

(Biotechnology)

3,624

AvidXchange

Holdings,

Inc.

\*

(Financial

Services)

1,374

Avient

Corp.

(Chemicals)

2,931

Avista

Corp.

(Multi-Utilities)

3,193

Avita

Medical,

Inc.

\*

(Biotechnology)

Axcelis

Technologies,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,567

Axogen,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

667

Axos

Financial,

Inc.

\*

(Banks)

3,364

Axsome

Therapeutics,

Inc.

\*

(Pharmaceuticals)

4,043

AZZ,

Inc.

(Building

Products)

2,516

B&G

Foods,

Inc.

(Food

Products)

524

B. Riley

Financial,

Inc.

(Capital

Markets)

Backblaze,

Inc.

\*

-

Class

A

(IT

Services)

Badger

Meter,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

6,403

Balchem

Corp.

(Chemicals)

5,009

Banc

of

California,

Inc.

(Banks)

1,820

BancFirst

Corp.

(Banks)

2,239

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Small-Cap

ProFund

Common

Stocks

(71.8%),

continued

Shares

Value

Banco

Latinoamericano

de

Comercio

Exterior

S.A.

-

Class

E

(Financial

Services)

$

1,034

Bandwidth,

Inc.

\*

-

Class

A

(Diversified

Telecommunication

Services)

Bank

First

Corp.

\*

(Banks)

983

Bank

of

Hawaii

Corp.

(Banks)

2,512

Bank

of

Marin

Bancorp

\*

(Banks)

Bank7

Corp.

\*

(Banks)

BankUnited,

Inc.

(Banks)

2,388

Bankwell

Financial

Group,

Inc.

\*

(Banks)

Banner

Corp.

(Banks)

2,018

Bar

Harbor

Bankshares

\*

(Banks)

BARK,

Inc.

\*

(Specialty

Retail)

Barrett

Business

Services,

Inc.

(Professional

Services)

1,014

BayCom

Corp.

\*

(Banks)

BCB

Bancorp,

Inc.

\*

(Banks)

Beam

Therapeutics,

Inc.

\*

(Biotechnology)

1,774

Beazer

Homes

USA,

Inc.

\*

(Household

Durables)

548

Bel

Fuse,

Inc.

\*

-

Class

A

(Electronic

Equipment,

Instruments

&

Components)

Bel

Fuse,

Inc.

-

Class

B

(Electronic

Equipment,

Instruments

&

Components)

658

Belden,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

4,124

Benchmark

Electronics,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

1,139

Berkshire

Hills

Bancorp,

Inc.

(Banks)

1,043

Berry

Corp.

(Oil,

Gas

&

Consumable

Fuels)

Beta

Bionics,

Inc.

\*

(Biotechnology)

Beyond

Meat,

Inc.

\*(a)

(Food

Products)

Beyond,

Inc.

\*

(Specialty

Retail)

BGC

Group,

Inc.

-

Class

A

(Capital

Markets)

3,135

Bicara

Therapeutics,

Inc.

\*

(Biotechnology)

BigBear.ai

Holdings,

Inc.

\*

(IT

Services)

BigCommerce

Holdings,

Inc.

\*

-

Class

(IT

Services)

Biglari

Holdings,

Inc.

\*

-

Class

B

(Hotels,

Restaurants

&

Leisure)

BioAge

Labs,

Inc.

\*

(Pharmaceuticals)

BioCryst

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,779

Biohaven,

Ltd.

\*

(Biotechnology)

1,858

BioLife

Solutions,

Inc.

\*

(Life

Sciences

Tools

&

Services)

844

Biomea

Fusion,

Inc.

\*

(Biotechnology)

Biote

Corp.

\*

-

Class

A

(Pharmaceuticals)

Bioventus,

Inc.

\*

-

Class

A

(Health

Care

Equipment

&

Supplies)

Bit

Digital,

Inc.

\*

(Software)

BJ's

Restaurants,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

599

BKV

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

Black

Diamond

Therapeutics,

Inc.

\*

(Biotechnology)

Black

Hills

Corp.

(Multi-Utilities)

4,263

Blackbaud,

Inc.

\*

(Software)

2,301

BlackLine,

Inc.

\*

(Software)

2,692

BlackSky

Technology,

Inc.

\*

(Professional

Services)

Blackstone

Mortgage

Trust,

Inc.

-

Class

A

(Mortgage

REITs)

3,218

Blade

Air

Mobility,

Inc.

\*

-

Class

A

(Passenger

Airlines)

Blend

Labs,

Inc.

\*

-

Class

A

(Software)

784

Blink

Charging

Co.

\*

(Electrical

Equipment)

Bloom

Energy

Corp.

\*

-

Class

A

(Electrical

Equipment)

3,591

Bloomin'

Brands,

Inc.

(Hotels,

Restaurants

&

Leisure)

602

Blue

Bird

Corp.

\*

(Machinery)

1,081

Blue

Foundry

Bancorp

\*

(Banks)

Bluebird

Bio,

Inc.

\*

(Biotechnology)

BlueLinx

Holdings,

Inc.

\*

(Trading

Companies

&

Distributors)

521

Common

Stocks

(71.8%),

continued

Shares

Value

Blueprint

Medicines

Corp.

\*

(Biotechnology)

$

5,549

Bluerock

Homes

Trust,

Inc.

\*

(Residential

REITs)

—

(b) 1

Boise

Cascade

Co.

(Trading

Companies

&

Distributors)

3,451

Boot

Barn

Holdings,

Inc.

\*

(Specialty

Retail)

3,026

Borr

Drilling,

Ltd.

\*

(Energy

Equipment

&

Services)

Boston

Omaha

Corp.

\*

-

Class

A

(Media)

Boundless

Bio,

Inc.

\*

(Biotechnology)

Bowhead

Specialty

Holdings,

Inc.

\*

(Insurance)

603

Bowman

Consulting

Group,

Ltd.

\*

(Construction

&

Engineering)

Box,

Inc.

\*

-

Class

A

(Software)

4,277

Braemar

Hotels

&

Resports,

Inc.

\*

(Hotel

&

Resort

REITs)

Brandywine

Realty

Trust

(Office

REITs)

653

Braze,

Inc.

\*

-

Class

A

(Software)

1,992

BRC,

Inc.

\*

-

Class

A

(Food

Products)

Bread

Financial

Holdings,

Inc.

(Consumer

Finance)

2,278

Bridgebio

Pharma,

Inc.

\*

(Biotechnology)

5,255

Bridger

Aerospace

Group

Holdings,

Inc.

\*

(Commercial

Services

&

Supplies)

Bridgewater

Bancshares,

Inc.

\*

(Banks)

Brighsphere

Investment

Group,

Inc.

(Capital

Markets)

700

BrightSpire

Capital,

Inc.

\*

(Mortgage

REITs)

631

BrightSpring

Health

Services,

Inc.

\*

(Health

Care

Providers

&

Services)

929

BrightView

Holdings,

Inc.

\*

(Commercial

Services

&

Supplies)

796

Brinker

International,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

5,774

Bristow

Group,

Inc.

\*

(Energy

Equipment

&

Services)

697

Broadstone

Net

Lease,

Inc.

(Equity

REIT

-

Diversified)

2,977

Brookdale

Senior

Living,

Inc.

\*

(Health

Care

Providers

&

Services)

1,227

Brookfield

Business

Corp.

\*

-

Class

A

(Industrial

Conglomerates)

656

Brookfield

Infrastructure

Corp.

-

Class

A

(Gas

&

Water

Utilities)

4,380

Brookline

Bancorp,

Inc.

(Banks)

898

BRT

Apartments

Corp.

\*

(Residential

REITs)

Build-A-Bear

Workshop,

Inc.

(Specialty

Retail)

Bumble,

Inc.

\*

-

Class

A

(Interactive

Media

&

Services)

Burford

Capital,

Ltd.

\*

(Financial

Services)

2,648

Burke

&

Herbert

Financial

Services

Corp.

\*

(Banks)

727

Business

First

Bancshares,

Inc.

(Banks)

530

Byline

Bancorp,

Inc.

(Banks)

766

Byrna

Technologies,

Inc.

\*

(Aerospace

&

Defense)

C3.ai,

Inc.

\*

-

Class

A

(Software)

2,421

C4

Therapeutics,

Inc.

\*

(Biotechnology)

Cabaletta

Bio,

Inc.

\*

(Biotechnology)

Cable

One,

Inc.

(Media)

1,336

Cabot

Corp.

(Chemicals)

4,083

Cactus,

Inc.

-

Class

A

(Energy

Equipment

&

Services)

2,466

Cadence

Bank

(Banks)

5,209

Cadiz,

Inc.

\*

(Water

Utilities)

Cadre

Holdings,

Inc.

(Aerospace

&

Defense)

729

Caesarstone,

Ltd.

\*

(Building

Products)

Calavo

Growers,

Inc.

(Food

Products)

Caledonia

Mining

Corp.

PLC

\*

(Metals

&

Mining)

Caleres,

Inc.

(Specialty

Retail)

California

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

2,347

California

Water

Service

Group

(Water

Utilities)

2,938

Calix,

Inc.

\*

(Communications

Equipment)

2,372

Cal-Maine

Foods,

Inc.

(Food

Products)

4,015

Camden

National

Corp.

(Banks)

616

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Small-Cap

ProFund

Common

Stocks

(71.8%),

continued

Shares

Value

CAMP4

Therapeutics

Corp.

\*

(Biotechnology)

$

Camping

World

Holdings,

Inc.

\*

-

Class

A

(Specialty

Retail)

663

Candel

Therapeutics,

Inc.

\*

(Biotechnology)

Cannae

Holdings,

Inc.

(Financial

Services)

974

Cantaloupe,

Inc.

\*

(Financial

Services)

Capital

Bancorp,

Inc.

\*

(Banks)

Capital

City

Bank

Group,

Inc.

\*

(Banks)

Capitol

Federal

Financial,

Inc.

(Banks)

686

Capricor

Therapeutics,

Inc.

\*

(Biotechnology)

Cardiff

Oncology,

Inc.

\*

(Biotechnology)

Cardlytics,

Inc.

\*

(Media)

CareDx,

Inc.

\*

(Biotechnology)

844

CareTrust

REIT,

Inc.

(Health

Care

REITs)

5,357

Cargo

Therapeutics,

Inc.

\*

(Biotechnology)

Cargurus,

Inc.

\*

(Interactive

Media

&

Services)

2,376

Caribou

Biosciences,

Inc.

\*

(Biotechnology)

Carpenter

Technology

Corp.

(Metals

&

Mining)

9,193

Carriage

Services,

Inc.

\*

(Diversified

Consumer

Services)

519

Cars.com,

Inc.

\*

(Interactive

Media

&

Services)

733

Carter

Bankshares,

Inc.

\*

(Banks)

Cartesian

Therapeutics,

Inc.

\*

(Biotechnology)

Casella

Waste

Systems,

Inc.

\*

-

Class

A

(Commercial

Services

&

Supplies)

7,163

Cass

Information

Systems,

Inc.

(Financial

Services)

530

Cassava

Sciences,

Inc.

\*

(Pharmaceuticals)

Castle

Biosciences,

Inc.

\*

(Health

Care

Providers

&

Services)

521

Catalyst

Pharmaceuticals,

Inc.

\*

(Biotechnology)

2,672

Cathay

General

Bancorp

(Banks)

2,752

Cavco

Industries,

Inc.

\*

(Household

Durables)

3,951

CBIZ,

Inc.

\*

(Professional

Services)

3,201

CBL

&

Associates

Properties,

Inc.

\*

(Retail

REITs)

CECO

Environmental

Corp.

\*

(Commercial

Services

&

Supplies)

690

Celcuity,

Inc.

\*

(Biotechnology)

Celldex

Therapeutics,

Inc.

\*

(Biotechnology)

1,312

Centerspace

(Residential

REITs)

966

Central

Garden

&

Pet

Co.

\*

(Household

Products)

Central

Garden

&

Pet

Co.

\*

-

Class

A

(Household

Products)

1,479

Central

Pacific

Financial

Corp.

(Banks)

668

Centrus

Energy

Corp.

\*

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

970

Centuri

Holdings,

Inc.

\*

(Construction

&

Engineering)

Century

Aluminum

Co.

\*

(Metals

&

Mining)

837

Century

Communities,

Inc.

(Household

Durables)

1,473

Century

Therapeutics,

Inc.

\*

(Biotechnology)

Cerence,

Inc.

\*

(Software)

CeriBell,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Cerus

Corp.

\*

(Health

Care

Equipment

&

Supplies)

CervoMed,

Inc.

\*

(Biotechnology)

CEVA,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

603

CG

Oncology,

Inc.

\*

(Biotechnology)

1,428

Champion

Homes,

Inc.

\*

(Household

Durables)

4,497

ChampionX

Corp.

(Energy

Equipment

&

Services)

4,488

ChargePoint

Holdings,

Inc.

\*

(Electrical

Equipment)

Chart

Industries,

Inc.

\*

(Machinery)

5,669

Chatham

Lodging

Trust

(Hotel

&

Resort

REITs)

Chegg,

Inc.

\*

(Diversified

Consumer

Services)

Chemung

Financial

Corp.

\*

(Banks)

Chesapeake

Utilities

Corp.

(Gas

Utilities)

2,897

Chicago

Atlantic

Real

Estate

Finance,

Inc.

\*

(Mortgage

REITs)

Common

Stocks

(71.8%),

continued

Shares

Value

Chimera

Investment

Corp.

\*

(Mortgage

REITs)

$

975

ChoiceOne

Financial

Services,

Inc.

\*

(Banks)

ChromaDex

Corp.

\*

(Life

Sciences

Tools

&

Services)

Cibus,

Inc.

\*

(Biotechnology)

Cimpress

PLC

\*

(Commercial

Services

&

Supplies)

672

Cinemark

Holdings,

Inc.

\*

(Entertainment)

3,230

Cipher

Mining,

Inc.

\*

(Software)

561

Citi

Trends,

Inc.

\*

(Specialty

Retail)

Citizens

&

Northern

Corp.

\*

(Banks)

Citizens

Financial

Services,

Inc.

\*

(Banks)

City

Holding

Co.

(Banks)

1,622

City

Office

REIT,

Inc.

\*

(Office

REITs)

Civista

Bancshares,

Inc.

\*

(Banks)

Claros

Mortgage

Trust,

Inc.

\*

(Mortgage

REITs)

Clarus

Corp.

\*

(Leisure

Products)

Clean

Energy

Fuels

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

Cleanspark,

Inc.

\*

(Software)

2,198

Clear

Channel

Outdoor

Holdings,

Inc.

\*

(Media)

Clear

Secure,

Inc.

-

Class

A

(Software)

2,122

Clearfield,

Inc.

\*

(Communications

Equipment)

Clearwater

Analytics

Holdings,

Inc.

\*

-

Class

A

(Software)

4,389

Clearwater

Paper

Corp.

\*

(Paper

&

Forest

Products)

Climb

Global

Solutions,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

Clipper

Realty,

Inc.

\*

(Residential

REITs)

CNB

Financial

Corp.

(Banks)

CNO

Financial

Group,

Inc.

(Insurance)

3,756

CNX

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

4,180

Coastal

Financial

Corp.

\*

(Banks)

986

Codexis,

Inc.

\*

(Life

Sciences

Tools

&

Services)

Coeur

Mining,

Inc.

\*

(Metals

&

Mining)

609

3,379

Cogent

Biosciences,

Inc.

\*

(Biotechnology)

Cogent

Communications

Holdings,

Inc.

(Diversified

Telecommunication

Services)

2,337

Cohen

&

Steers,

Inc.

(Capital

Markets)

2,061

Coherus

Biosciences,

Inc.

\*

(Biotechnology)

Cohu,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

720

Collegium

Pharmaceutical,

Inc.

\*

(Pharmaceuticals)

837

Colony

Bankcorp,

Inc.

\*

(Banks)

Columbia

Financial,

Inc.

\*

(Banks)

Columbus

McKinnon

Corp.

(Machinery)

Commercial

Metals

Co.

(Metals

&

Mining)

4,943

Commercial

Vehicle

Group,

Inc.

\*

(Machinery)

CommScope

Holding

Co.,

Inc.

\*

(Communications

Equipment)

782

Community

Financial

System,

Inc.

(Banks)

2,784

Community

Health

Systems,

Inc.

\*

(Health

Care

Providers

&

Services)

Community

Healthcare

Trust,

Inc.

(Health

Care

REITs)

Community

Trust

Bancorp,

Inc.

\*

(Banks)

734

Community

West

Bancshares

\*

(Banks)

CommVault

Systems,

Inc.

\*

(Software)

7,186

Compass

Diversified

Holdings

\*

(Financial

Services)

1,117

Compass

Minerals

International,

Inc.

\*

(Metals

&

Mining)

Compass

Therapeutics,

Inc.

\*

(Biotechnology)

Compass,

Inc.

\*

-

Class

A

(Real

Estate

Management

&

Development)

2,770

CompoSecure,

Inc.

\*

-

Class

A

(Technology

Hardware,

Storage

&

Peripherals)

CompX

International,

Inc.

\*

(Commercial

Services

&

Supplies)

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Small-Cap

ProFund

Common

Stocks

(71.8%),

continued

Shares

Value

Comstock

Resources,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

$

1,644

Concentra

Group

Holdings

Parent,

Inc.

(Health

Care

Providers

&

Services)

2,327

Concrete

Pumping

Holdings,

Inc.

\*

(Construction

&

Engineering)

Conduent,

Inc.

\*

(Professional

Services)

Conduit

Pharmaceuticals,

Inc.

\*

(Life

Sciences

Tools

&

Services)

CONMED

Corp.

(Health

Care

Equipment

&

Supplies)

1,473

ConnectOne

Bancorp,

Inc.

(Banks)

789

Consensus

Cloud

Solutions,

Inc.

\*

(Software)

Consolidated

Water

Co.,

Ltd.

(Water

Utilities)

Constellium

SE

\*

(Metals

&

Mining)

1,274

Construction

Partners,

Inc.

\*

-

Class

A

(Construction

&

Engineering)

3,696

Consumer

Portfolio

Services,

Inc.

\*

(Consumer

Finance)

Contango

Ore,

Inc.

\*

(Metals

&

Mining)

Contineum

Therapeutics,

Inc.

\*

-

Class

A

(Pharmaceuticals)

Cooper-Standard

Holdings,

Inc.

\*

(Automobile

Components)

COPT

Defense

Properties

(Office

REITs)

2,872

Corbus

Pharmaceuticals

Holdings,

Inc.

\*

(Biotechnology)

Corcept

Therapeutics,

Inc.

\*

(Pharmaceuticals)

5,680

Core

Laboratories,

Inc.

(Energy

Equipment

&

Services)

523

Core

Molding

Technologies,

Inc.

\*

(Chemicals)

Core

Natural

Resources,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

3,683

Core

Scientific,

Inc.

\*

(IT

Services)

1,409

CoreCivic,

Inc.

\*

(Commercial

Services

&

Supplies)

2,400

CorMedix,

Inc.

\*

(Pharmaceuticals)

542

Corsair

Gaming,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

CorVel

Corp.

\*

(Health

Care

Providers

&

Services)

2,828

Costamare,

Inc.

(Marine

Transportation)

Couchbase,

Inc.

\*

(IT

Services)

706

Coursera,

Inc.

\*

(Diversified

Consumer

Services)

1,128

Covenant

Logistics

Group,

Inc.

(Ground

Transportation)

CPI

Card

Group,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

CRA

International,

Inc.

(Professional

Services)

973

Cracker

Barrel

Old

Country

Store,

Inc.

(Hotels,

Restaurants

&

Leisure)

939

Crawford

&

Co.

\*

-

Class

A

(Insurance)

Credo

Technology

Group

Holding,

Ltd.

\*

(Semiconductors

&

Semiconductor

Equipment)

5,940

Crescent

Energy

Co.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

1,341

Cricut,

Inc.

\*

-

Class

A

(Household

Durables)

Crinetics

Pharmaceuticals,

Inc.

\*

(Biotechnology)

2,972

Critical

Metals

Corp.

\*

(Metals

&

Mining)

Cross

Country

Healthcare,

Inc.

\*

(Health

Care

Providers

&

Services)

CryoPort,

Inc.

\*

(Life

Sciences

Tools

&

Services)

CS

Disco,

Inc.

\*

(Software)

CSG

Systems

International,

Inc.

(Professional

Services)

1,684

CSW

Industrials,

Inc.

(Building

Products)

5,000

CTO

Realty

Growth,

Inc.

\*

(Equity

REIT

-

Diversified)

512

CTS

Corp.

(Electronic

Equipment,

Instruments

&

Components)

1,104

Cullinan

Therapeutics,

Inc.

\*

(Biotechnology)

Curbline

Properties

Corp.

(Retail

REITs)

2,129

Cushman

&

Wakefield

PLC

\*

(Real

Estate

Management

&

Development)

2,090

Common

Stocks

(71.8%),

continued

Shares

Value

Custom

Truck

One

Source,

Inc.

\*

(Trading

Companies

&

Distributors)

$

Customers

Bancorp,

Inc.

\*

(Banks)

1,450

CVB

Financial

Corp.

(Banks)

2,392

CVR

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

622

CVRx,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Cytek

Biosciences,

Inc.

\*

(Life

Sciences

Tools

&

Services)

Cytokinetics,

Inc.

\*

(Biotechnology)

4,755

Daily

Journal

Corp.

\*

(Software)

Dakota

Gold

Corp.

\*

(Metals

&

Mining)

Daktronics,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

508

Dana,

Inc.

(Automobile

Components)

1,745

Dave

&

Buster's

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

595

Dave,

Inc.

\*

(Software)

759

Day

One

Biopharmaceuticals,

Inc.

\*

(Biotechnology)

Definitive

Healthcare

Corp.

\*

(Health

Care

Technology)

Delek

US

Holdings,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

794

Deluxe

Corp.

(Commercial

Services

&

Supplies)

628

Denali

Therapeutics,

Inc.

\*

(Biotechnology)

2,015

Denny's

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

Designer

Brands,

Inc.

-

Class

A

(Specialty

Retail)

Despegar.com

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

1,362

Destination

XL

Group,

Inc.

\*

(Specialty

Retail)

DHT

Holdings,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,411

Diamond

Hill

Investment

Group,

Inc.

(Capital

Markets)

DiamondRock

Hospitality

Co.

(Hotel

&

Resort

REITs)

1,483

Dianthus

Therapeutics,

Inc.

\*

(Biotechnology)

503

Diebold

Nixdorf,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

1,108

Digi

International,

Inc.

\*

(Communications

Equipment)

952

Digimarc

Corp.

\*

(Software)

Digital

Turbine,

Inc.

\*

(Software)

DigitalBridge

Group,

Inc.

(Real

Estate

Management

&

Development)

1,302

DigitalOcean

Holdings,

Inc.

\*

(IT

Services)

2,008

Dime

Community

Bancshares,

Inc.

(Banks)

1,002

Dine

Brands

Global,

Inc.

(Hotels,

Restaurants

&

Leisure)

Diodes,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,690

Disc

Medicine,

Inc.

\*

(Biotechnology)

1,087

Diversified

Energy

Co.

PLC

\*

(Oil,

Gas

&

Consumable

Fuels)

571

Diversified

Healthcare

Trust

\*

(Health

Care

REITs)

DLH

Holdings

Corp.

\*

(Professional

Services)

DMC

Global,

Inc.

\*

(Energy

Equipment

&

Services)

DNOW,

Inc.

\*

(Trading

Companies

&

Distributors)

1,635

DocGo,

Inc.

\*

(Health

Care

Providers

&

Services)

Dole

PLC

(Food

Products)

1,109

Domo,

Inc.

\*

-

Class

B

(Software)

Donegal

Group,

Inc.

\*

-

Class

A

(Insurance)

Donnelley

Financial

Solutions,

Inc.

\*

(Capital

Markets)

1,301

Dorian

LPG,

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

750

Dorman

Products,

Inc.

\*

(Automobile

Components)

2,833

Douglas

Dynamics,

Inc.

(Machinery)

528

Douglas

Emmett,

Inc.

(Office

REITs)

2,171

Dream

Finders

Homes,

Inc.

\*

-

Class

A

(Household

Durables)

612

Drilling

Tools

International

Corp.

\*

(Energy

Equipment

&

Services)

Driven

Brands

Holdings,

Inc.

\*

(Commercial

Services

&

Supplies)

958

Ducommun,

Inc.

\*

(Aerospace

&

Defense)

745

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Small-Cap

ProFund

Common

Stocks

(71.8%),

continued

Shares

Value

D-Wave

Quantum,

Inc.

\*

(Software)

$

1,230

DXP

Enterprises,

Inc.

\*

(Trading

Companies

&

Distributors)

1,062

Dycom

Industries,

Inc.

\*

(Construction

&

Engineering)

4,691

Dynavax

Technologies

Corp.

\*

(Biotechnology)

1,504

Dyne

Therapeutics,

Inc.

\*

(Biotechnology)

955

Dynex

Capital,

Inc.

\*

(Mortgage

REITs)

1,011

E2open

Parent

Holdings,

Inc.

\*

(Software)

Eagle

Bancorp,

Inc.

(Banks)

521

Easterly

Government

Properties,

Inc.

\*

(Office

REITs)

803

Eastern

Bankshares,

Inc.

\*

(Banks)

2,805

Eastman

Kodak

Co.

\*

(Technology

Hardware,

Storage

&

Peripherals)

EchoStar

Corp.

\*

-

Class

A

(Media)

2,674

Ecovyst,

Inc.

\*

(Chemicals)

676

Edgewell

Personal

Care

Co.

(Personal

Care

Products)

1,436

Edgewise

Therapeutics,

Inc.

\*

(Pharmaceuticals)

1,181

Editas

Medicine,

Inc.

\*

(Biotechnology)

eGain

Corp.

\*

(Software)

El

Pollo

Loco

Holdings,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

Elevation

Oncology,

Inc.

\*

(Biotechnology)

Eliem

Therapeutics,

Inc.

\*

(Biotechnology)

Ellington

Financial,

Inc.

(Mortgage

REITs)

1,121

Elme

Communities

(Residential

REITs)

1,339

Embecta

Corp.

(Health

Care

Equipment

&

Supplies)

683

Emerald

Holding,

Inc.

\*

(Media)

Empire

Petroleum

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

Empire

State

Realty

Trust,

Inc.

(Equity

REIT

-

Diversified)

947

Employers

Holdings,

Inc.

(Insurance)

1,166

Enact

Holdings,

Inc.

\*

(Financial

Services)

1,002

Enanta

Pharmaceuticals,

Inc.

\*

(Biotechnology)

Encore

Capital

Group,

Inc.

\*

(Consumer

Finance)

791

Encore

Energy

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

Energizer

Holdings,

Inc.

(Household

Products)

1,893

Energy

Fuels,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

827

Energy

Recovery,

Inc.

\*

(Machinery)

850

Energy

Vault

Holdings,

Inc.

\*

(Electrical

Equipment)

Enerpac

Tool

Group

Corp.

(Machinery)

2,140

EnerSys

(Electrical

Equipment)

3,291

Enhabit,

Inc.

\*

(Health

Care

Providers

&

Services)

Enliven

Therapeutics,

Inc.

\*

(Pharmaceuticals)

682

Ennis,

Inc.

\*

(Commercial

Services

&

Supplies)

Enova

International,

Inc.

\*

(Consumer

Finance)

2,296

Enovix

Corp.

\*(a)

(Electrical

Equipment)

1,072

Enpro,

Inc.

(Machinery)

2,988

Enstar

Group,

Ltd.

\*

(Insurance)

4,013

Enterprise

Bancorp,

Inc.

\*

(Banks)

Enterprise

Financial

Services

Corp.

(Banks)

1,873

Entrada

Therapeutics,

Inc.

\*

(Biotechnology)

Entravision

Communications

Corp.

\*

-

Class

A

(Media)

Enviri

Corp.

\*

(Commercial

Services

&

Supplies)

529

ePlus,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,621

Equity

Bancshares,

Inc.

\*

-

Class

A

(Banks)

616

Erasca,

Inc.

\*

(Biotechnology)

Escalade,

Inc.

\*

(Leisure

Products)

ESCO

Technologies,

Inc.

(Machinery)

3,911

Esperion

Therapeutics,

Inc.

\*

(Pharmaceuticals)

Esquire

Financial

Holdings,

Inc.

\*

(Banks)

580

ESSA

Bancorp,

Inc.

\*

(Banks)

Essent

Group,

Ltd.

(Financial

Services)

5,807

Common

Stocks

(71.8%),

continued

Shares

Value

Essential

Properties

Realty

Trust,

Inc.

(Equity

REIT

-

Diversified)

$

5,501

Ethan

Allen

Interiors,

Inc.

(Household

Durables)

625

European

Wax

Center,

Inc.

\*

-

Class

A

(Diversified

Consumer

Services)

Eve

Holding,

Inc.

\*

(Aerospace

&

Defense)

Eventbrite,

Inc.

\*

-

Class

A

(Entertainment)

EverCommerce,

Inc.

\*

(Software)

Everi

Holdings,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

1,110

EverQuote,

Inc.

\*

-

Class

A

(Interactive

Media

&

Services)

570

Everspin

Technologies,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

EVERTEC,

Inc.

(Financial

Services)

2,104

EVgo,

Inc.

\*

(Specialty

Retail)

EVI

Industries,

Inc.

(Trading

Companies

&

Distributors)

Evolent

Health,

Inc.

\*

-

Class

A

(Health

Care

Technology)

1,114

Evolus,

Inc.

\*

(Pharmaceuticals)

616

Evolution

Petroleum

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

Evolv

Technologies

Holdings,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

566

Excelerate

Energy,

Inc.

\*

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

ExlService

Holdings,

Inc.

\*

(Professional

Services)

7,418

eXp

World

Holdings,

Inc.

(Real

Estate

Management

&

Development)

733

Exponent,

Inc.

(Professional

Services)

3,856

Expro

Group

Holdings

N.V.

\*

(Energy

Equipment

&

Services)

761

Extreme

Networks,

Inc.

\*

(Communications

Equipment)

1,658

EyePoint

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

F&G

Annuities

&

Life,

Inc.

(Insurance)

627

Fabrinet

\*

(Electronic

Equipment,

Instruments

&

Components)

7,381

Farmers

&

Merchants

Bancorp,

Inc.

\*

(Banks)

Farmers

National

Banc

Corp.

\*

(Banks)

Farmland

Partners,

Inc.

\*

(Specialized

REITs)

FARO

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

529

Fastly,

Inc.

\*

-

Class

A

(IT

Services)

742

Fate

Therapeutics,

Inc.

\*

(Biotechnology)

FB

Financial

Corp.

(Banks)

1,490

Federal

Agricultural

Mortgage

Corp.

-

Class

C

(Financial

Services)

1,578

Federal

Signal

Corp.

(Machinery)

4,804

Fennec

Pharmaceuticals,

Inc.

\*

(Biotechnology)

Fibrobiologics,

Inc.

\*

(Biotechnology)

Fidelis

Insurance

Holdings,

Ltd.

(Insurance)

785

Fidelity

D&D

Bancorp,

Inc.

\*

(Banks)

Figs,

Inc.

\*

-

Class

A

(Textiles,

Apparel

&

Luxury

Goods)

512

Financial

Institutions,

Inc.

\*

(Banks)

First

Advantage

Corp.

\*

(Professional

Services)

818

First

Bancorp

(Banks)

3,103

First

Bancorp

(Banks)

1,578

First

Bank/Hamilton

NJ

(Banks)

First

Busey

Corp.

\*

(Banks)

1,684

First

Business

Financial

Services,

Inc.

(Banks)

First

Commonwealth

Financial

Corp.

(Banks)

1,517

First

Community

Bancshares,

Inc.

\*

(Banks)

641

First

Financial

Bancorp

(Banks)

2,130

First

Financial

Bankshares,

Inc.

(Banks)

4,256

First

Financial

Corp.

(Banks)

543

First

Foundation,

Inc.

\*

(Banks)

First

Internet

Bancorp

(Banks)

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Small-Cap

ProFund

Common

Stocks

(71.8%),

continued

Shares

Value

First

Interstate

BancSystem,

Inc.

-

Class

A

(Banks)

$

2,017

First

Merchants

Corp.

(Banks)

2,031

First

Mid

Bancshares,

Inc.

\*

(Banks)

735

First

Watch

Restaurant

Group,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

653

First

Western

Financial,

Inc.

\*

(Banks)

FirstCash

Holdings,

Inc.

(Consumer

Finance)

5,091

FiscalNote

Holdings,

Inc.

\*

(Professional

Services)

Five

Star

Bancorp

\*

(Banks)

FLEX

LNG,

Ltd.

\*

(Oil,

Gas

&

Consumable

Fuels)

708

Flexsteel

Industries,

Inc.

\*

(Household

Durables)

Flowco

Holdings,

Inc.

\*

-

Class

A

(Oil

&

Gas

Services

&

Equipment)

Fluence

Energy,

Inc.

\*

(Electrical

Equipment)

Fluor

Corp.

\*

(Construction

&

Engineering)

5,793

Flushing

Financial

Corp.

(Banks)

Flywire

Corp.

\*

(Financial

Services)

1,110

Foghorn

Therapeutics,

Inc.

\*

(Biotechnology)

Foot

Locker,

Inc.

\*

(Specialty

Retail)

994

Forafric

Global

PLC

\*

(Food

Products)

Forestar

Group,

Inc.

\*

(Real

Estate

Management

&

Development)

Forge

Global

Holdings,

Inc.

\*

(Institutional

Financial

Services)

FormFactor,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,111

Forrester

Research,

Inc.

\*

(Professional

Services)

Forum

Energy

Technologies,

Inc.

\*

(Energy

Equipment

&

Services)

Forward

Air

Corp.

\*

(Air

Freight

&

Logistics)

Four

Corners

Property

Trust,

Inc.

(Specialized

REITs)

2,627

Fox

Factory

Holding

Corp.

\*

(Automobile

Components)

833

Fractyl

Health,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Franklin

BSP

Reality

Trust,

Inc.

(Mortgage

REITs)

910

Franklin

Covey

Co.

\*

(Professional

Services)

Franklin

Electric

Co.,

Inc.

(Machinery)

3,738

Franklin

Street

Properties

Corp.

\*

(Office

REITs)

Fresh

Del

Monte

Produce,

Inc.

(Food

Products)

1,122

Freshworks,

Inc.

\*

-

Class

A

(Software)

2,984

Freyr

Battery,

Inc.

\*

(Electrical

Equipment)

Frontdoor,

Inc.

\*

(Diversified

Consumer

Services)

3,083

Frontier

Group

Holdings,

Inc.

\*

(Passenger

Airlines)

FrontView

REIT,

Inc.

\*

(Retail

REITs)

FRP

Holdings,

Inc.

\*

(Real

Estate

Management

&

Development)

FS

Bancorp,

Inc.

\*

(Banks)

FTAI

Aviation,

Ltd.

(Trading

Companies

&

Distributors)

10,603

FTAI

Infrastructure,

Inc.

(Ground

Transportation)

fuboTV,

Inc.

\*

(Interactive

Media

&

Services)

972

FuelCell

Energy,

Inc.

\*

(Electrical

Equipment)

Fulcrum

Therapeutics,

Inc.

\*

(Pharmaceuticals)

Fulgent

Genetics,

Inc.

\*

(Health

Care

Providers

&

Services)

Full

House

Resorts,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

Fulton

Financial

Corp.

(Banks)

2,952

Funko,

Inc.

\*

-

Class

A

(Leisure

Products)

FutureFuel

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

FVCBankcorp,

Inc.

\*

(Banks)

Galectin

Therapeutics,

Inc.

\*

(Biotechnology)

Gambling.com

Group,

Ltd.

\*

(Media)

Gannett

Co.,

Inc.

\*

(Media)

GATX

Corp.

\*

(Trading

Companies

&

Distributors)

5,109

GCM

Grosvenor,

Inc.

\*

-

Class

A

(Capital

Markets)

527

Common

Stocks

(71.8%),

continued

Shares

Value

GCT

Semiconductor

Holding,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

$

Genco

Shipping

&

Trading,

Ltd.

(Marine

Transportation)

531

Gencor

Industries,

Inc.

\*

(Machinery)

GeneDx

Holdings

Corp.

\*

(Health

Care

Providers

&

Services)

802

Generation

Bio

Co.

\*

(Biotechnology)

Genesco,

Inc.

\*

(Specialty

Retail)

Genie

Energy,

Ltd.

\*

-

Class

B

(Electric

Utilities)

Gentherm,

Inc.

\*

(Automobile

Components)

780

Genworth

Financial,

Inc.

\*

(Insurance)

2,833

Geospace

Technologies

Corp.

\*

(Energy

Equipment

&

Services)

German

American

Bancorp,

Inc.

\*

(Banks)

1,061

Geron

Corp.

\*

(Biotechnology)

576

812

Getty

Images

Holdings,

Inc.

\*

(Interactive

Media

&

Services)

Getty

Realty

Corp.

(Retail

REITs)

1,372

Gibraltar

Industries,

Inc.

\*

(Building

Products)

1,589

GigaCloud

Technology,

Inc.

\*

-

Class

A

(Distributors)

G-III

Apparel

Group,

Ltd.

\*

(Textiles,

Apparel

&

Luxury

Goods)

958

Glacier

Bancorp,

Inc.

(Banks)

4,524

Gladstone

Commercial

Corp.

\*

(Equity

REIT

-

Diversified)

608

Gladstone

Land

Corp.

(Specialized

REITs)

Glaukos

Corp.

\*

(Health

Care

Equipment

&

Supplies)

4,524

Global

Business

Travel

Group

I

\*

(Hotels,

Restaurants

&

Leisure)

819

Global

Industrial

Co.

\*

(Trading

Companies

&

Distributors)

Global

Medical

REIT,

Inc.

(Health

Care

REITs)

Global

Net

Lease,

Inc.

(Equity

REIT

-

Diversified)

1,480

Global

Water

Resources,

Inc.

(Water

Utilities)

Globalstar,

Inc.

\*

(Telecommunications)

923

GMS,

Inc.

\*

(Trading

Companies

&

Distributors)

2,784

Gogo,

Inc.

\*

(Wireless

Telecommunication

Services)

GoHealth,

Inc.

\*

-

Class

A

(Insurance)

Golar

LNG,

Ltd.

\*

(Oil,

Gas

&

Consumable

Fuels)

4,080

Golden

Entertainment,

Inc.

ARS

(Hotels,

Restaurants

&

Leisure)

Golden

Matrix

Group,

Inc.

\*

(Entertainment)

Golden

Ocean

Group,

Ltd.

(Marine

Transportation)

919

Goosehead

Insurance,

Inc.

\*

-

Class

A

(Insurance)

2,139

GoPro,

Inc.

\*

-

Class

A

(Household

Durables)

GrafTech

International,

Ltd.

\*

(Electrical

Equipment)

Graham

Corp.

\*

(Machinery)

Graham

Holdings

Co.

-

Class

B

(Diversified

Consumer

Services)

2,760

Granite

Construction,

Inc.

(Construction

&

Engineering)

3,495

Granite

Point

Mortgage

Trust,

Inc.

\*

(Mortgage

REITs)

Granite

Ridge

Resources,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

Gray

Television,

Inc.

\*

(Media)

Great

Lakes

Dredge

&

Dock

Corp.

\*

(Construction

&

Engineering)

582

Great

Southern

Bancorp,

Inc.

(Banks)

Green

Brick

Partners,

Inc.

\*

(Household

Durables)

1,770

Green

Dot

Corp.

\*

-

Class

A

(Consumer

Finance)

Green

Plains,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

Greene

County

Bancorp,

Inc.

\*

(Banks)

Greenlight

Capital

Re,

Ltd.

\*

-

Class

A

(Insurance)

Greenwich

Lifesciences,

Inc.

\*

(Biotechnology)

Greif,

Inc.

-

Class

A

(Containers

&

Packaging)

1,260

Greif,

Inc.

\*

-

Class

B

(Containers

&

Packaging)

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Small-Cap

ProFund

Common

Stocks

(71.8%),

continued

Shares

Value

Grid

Dynamics

Holdings,

Inc.

\*

(IT

Services)

$

850

Griffon

Corp.

(Building

Products)

2,588

Grindr,

Inc.

\*

(Interactive

Media

&

Services)

527

Group

Automotive,

Inc.

(Specialty

Retail)

5,246

Groupon,

Inc.

\*

(Broadline

Retail)

GrowGeneration

Corp.

\*

(Specialty

Retail)

Guaranty

Bancshares,

Inc.

\*

(Banks)

Guardant

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

5,527

Guardian

Pharmacy

Services,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

Gulport

Energy

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

2,070

Gyre

Therapeutics,

Inc.

\*

(Biotechnology)

H&E

Equipment

Services,

Inc.

(Trading

Companies

&

Distributors)

2,784

H.B.

Fuller

Co.

(Chemicals)

2,864

HA

Sustainable

Infrastructure

Capital,

Inc.

(Financial

Services)

2,873

Haemonetics

Corp.

\*

(Health

Care

Equipment

&

Supplies)

3,025

Hallador

Energy

Co.

\*

(Oil,

Gas

&

Consumable

Fuels)

Halozyme

Therapeutics,

Inc.

\*

(Biotechnology)

7,492

Hamilton

Beach

Brands

Holding

Co.

\*

-

Class

A

(Household

Durables)

Hamilton

Insurance

Group,

Ltd.

\*

-

Class

B

(Insurance)

740

Hamilton

Lane,

Inc.

-

Class

A

(Capital

Markets)

6,024

Hancock

Whitney

Corp.

(Banks)

4,428

Hanesbrands,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

1,579

Hanmi

Financial

Corp.

(Banks)

663

HarborOne

Bancorp,

Inc.

\*

(Banks)

Harmonic,

Inc.

\*

(Communications

Equipment)

970

Harmony

Biosciences

Holdings,

Inc.

\*

(Pharmaceuticals)

1,090

Harrow,

Inc.

\*

(Pharmaceuticals)

743

Harvard

Bioscience,

Inc.

\*

(Life

Sciences

Tools

&

Services)

Haverty

Furniture

Cos.,

Inc.

(Specialty

Retail)

Hawaiian

Electric

Industries,

Inc.

\*

(Electric

Utilities)

1,775

Hawkins,

Inc.

(Chemicals)

2,314

HBT

Financial,

Inc.

\*

(Banks)

HCI

Group,

Inc.

\*

(Insurance)

1,170

Health

Catalyst,

Inc.

\*

(Health

Care

Technology)

Healthcare

Services

Group,

Inc.

\*

(Commercial

Services

&

Supplies)

1,023

HealthEquity,

Inc.

\*

(Health

Care

Providers

&

Services)

7,201

HealthStream,

Inc.

\*

(Health

Care

Technology)

807

Heartland

Express,

Inc.

(Ground

Transportation)

Hecla

Mining

Co.

(Metals

&

Mining)

582

3,329

Heidrick

&

Struggles

International,

Inc.

(Professional

Services)

780

Heilos

Technologies,

Inc.

(Machinery)

872

Helen

of

Troy,

Ltd.

\*

(Household

Durables)

613

Helix

Energy

Solutions

Group,

Inc.

\*

(Energy

Equipment

&

Services)

853

Helmerich

&

Payne,

Inc.

(Energy

Equipment

&

Services)

1,813

Herbalife,

Ltd.

\*

(Personal

Care

Products)

706

Herc

Holdings,

Inc.

(Trading

Companies

&

Distributors)

2,955

Heritage

Commerce

Corp.

\*

(Banks)

524

Heritage

Financial

Corp.

(Banks)

753

Heritage

Insurance

Holdings,

Inc.

\*

(Insurance)

Heron

Therapeutics,

Inc.

\*

(Biotechnology)

Hertz

Global

Holdings,

Inc.

\*(a)

(Ground

Transportation)

818

HF

Foods

Group,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

HighPeak

Energy,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

Common

Stocks

(71.8%),

continued

Shares

Value

Hillenbrand,

Inc.

(Machinery)

$

1,376

HilleVax,

Inc.

\*

(Biotechnology)

Hillman

Solutions

Corp.

\*

(Machinery)

1,342

Hilltop

Holdings,

Inc.

\*

(Banks)

1,329

Hilton

Grand

Vacations,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

2,287

Himalaya

Shipping,

Ltd.

\*

(Marine

Transportation)

Hims

&

Hers

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

6,257

Hingham

Institution

for

Savings

(Banks)

Hippo

Holdings,

Inc.

\*

(Insurance)

HireQuest,

Inc.

\*

(Professional

Services)

HNI

Corp.

(Commercial

Services

&

Supplies)

1,946

Holley,

Inc.

\*

(Automobile

Components)

Hologic,

Inc.

\*

(Biotechnology)

Home

Bancorp,

Inc.

\*

(Banks)

Home

BancShares,

Inc.

(Banks)

5,052

HomeStreet,

Inc.

\*

(Banks)

HomeTrust

Bancshares,

Inc.

(Banks)

Hooker

Funrishings

Corp.

\*

(Household

Durables)

Hope

Bancorp,

Inc.

(Banks)

1,186

Horace

Mann

Educators

Corp.

(Insurance)

1,662

Horizon

Bancorp,

Inc.

\*

(Banks)

617

Hovnanian

Enterprises,

Inc.

\*

-

Class

A

(Household

Durables)

Hub

Group,

Inc.

-

Class

A

(Air

Freight

&

Logistics)

1,832

Hudson

Pacific

Properties,

Inc.

(Office

REITs)

Hudson

Technologies,

Inc.

\*

(Trading

Companies

&

Distributors)

Humacyte,

Inc.

\*(a)

(Biotechnology)

Huron

Consulting

Group,

Inc.

\*

(Professional

Services)

2,291

Hut

Corp.

\*

(Software)

972

Hyliion

Holdings

Corp.

\*

(Machinery)

Hyster-Yale,

Inc.

-

Class

A

(Machinery)

I3

Verticals,

Inc.

\*

-

Class

A

(Financial

Services)

553

Gold

Corp.

\*

(Metals

&

Mining)

IBEX

Holdings,

Ltd.

\*

(Professional

Services)

Ibotta,

Inc.

\*

-

Class

A

(Media)

732

ICF

International,

Inc.

(Professional

Services)

1,529

Ichor

Holdings,

Ltd.

\*

(Semiconductors

&

Semiconductor

Equipment)

633

ICU

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

2,868

Ideaya

Biosciences,

Inc.

\*

(Biotechnology)

1,691

IDT

Corp.

\*

-

Class

B

(Diversified

Telecommunication

Services)

754

IES

Holdings,

Inc.

\*

(Construction

&

Engineering)

1,573

IGM

Biosciences,

Inc.

\*

(Biotechnology)

iHeartMedia,

Inc.

\*

-

Class

A

(Media)

IMAX

Corp.

\*

(Entertainment)

1,022

Immersion

Corp.

(Technology

Hardware,

Storage

&

Peripherals)

ImmunityBio,

Inc.

\*(a)

(Biotechnology)

Immunome,

Inc.

\*

(Biotechnology)

607

Immunovant,

Inc.

\*

(Biotechnology)

921

Impinj,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,027

Independence

Realty

Trust,

Inc.

(Residential

REITs)

4,275

Independent

Bank

Corp.

(Banks)

2,423

Independent

Bank

Corp.

\*

(Banks)

579

indie

Semiconductor,

Inc.

\*(a)

-

Class

A

(Semiconductors

&

Semiconductor

Equipment)

Industrial

Logistics

Properties

Trust

\*

(Industrial

REITs)

Infinity

Natural

Resources,

Inc.

\*

-

Class

A

(Oil

&

Gas

Producers)

Information

Services

Group,

Inc.

(IT

Services)

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Small-Cap

ProFund

Common

Stocks

(71.8%),

continued

Shares

Value

InfuSystem

Holdings,

Inc.

\*

(Health

Care

Providers

&

Services)

$

Ingevity

Corp.

\*

(Chemicals)

1,154

Ingles

Markets,

Inc.

-

Class

A

(Consumer

Staples

Distribution

&

Retail)

864

Inhibrx

Biosciences,

Inc.

\*

(Biotechnology)

Inmode,

Ltd.

\*

(Health

Care

Equipment

&

Supplies)

902

Inmune

Bio,

Inc.

\*

(Biotechnology)

Innodata,

Inc.

\*

(Professional

Services)

983

Innospec,

Inc.

(Chemicals)

2,148

Innovage

Holding

Corp.

\*

(Health

Care

Providers

&

Services)

Innovative

Industrial

Properties,

Inc.

(Industrial

REITs)

1,466

Innovex

International,

Inc.

\*

(Energy

Equipment

&

Services)

529

Innoviva,

Inc.

\*

(Pharmaceuticals)

1,009

Inogen,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Inovio

Pharmaceuticals,

Inc.

\*

(Biotechnology)

Inozyme

Pharma,

Inc.

\*

(Biotechnology)

Insight

Enterprises,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,734

Insmed,

Inc.

\*

(Biotechnology)

12,095

Insperity,

Inc.

(Professional

Services)

2,275

Inspired

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

Installed

Building

Products,

Inc.

(Household

Durables)

3,814

Insteel

Industries,

Inc.

(Building

Products)

610

Intapp,

Inc.

\*

(Software)

2,822

Integer

Holdings

Corp.

\*

(Health

Care

Equipment

&

Supplies)

4,042

Integra

LifeSciences

Holdings

Corp.

\*

(Health

Care

Equipment

&

Supplies)

1,082

Integral

Ad

Science

Holding

Corp.

\*

(Media)

502

Intellia

Therapeutics,

Inc.

\*

(Biotechnology)

878

Inter

Parfums,

Inc.

(Personal

Care

Products)

1,966

InterDigital,

Inc.

(Software)

5,025

Interface,

Inc.

(Commercial

Services

&

Supplies)

1,053

International

Bancshares

Corp.

(Banks)

3,235

International

Game

Technology

PLC

\*

(Hotels,

Restaurants

&

Leisure)

1,820

International

Money

Express,

Inc.

\*

(Financial

Services)

International

Seaways,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,324

Intrepid

Potash,

Inc.

\*

(Chemicals)

Intuitive

Machines,

Inc.

\*

(Aerospace

&

Defense)

InvenTrust

Properties

Corp.

\*

(Retail

REITs)

2,117

Invesco

Mortgage

Capital,

Inc.

\*

(Mortgage

REITs)

Investar

Holding

Corp.

(Banks)

Investors

Title

Co.

\*

(Insurance)

Invivyd,

Inc.

\*

(Biotechnology)

IonQ,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

5,436

Iovance

Biotheraputics,

Inc.

\*

(Biotechnology)

962

iRadimed

Corp.

(Health

Care

Equipment

&

Supplies)

iRhythm

Technologies,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

3,207

iRobot

Corp.

\*

(Household

Durables)

Ironwood

Pharmaceuticals,

Inc.

\*

(Biotechnology)

Ispire

Technology,

Inc.

\*

(Tobacco)

iTeos

Therapeutics,

Inc.

\*

(Biotechnology)

Itron,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

4,897

Ivanhoe

Electric,

Inc.

\*

(Metals

&

Mining)

510

J

&

J

Snack

Foods

Corp.

(Food

Products)

1,944

J

Jill,

Inc.

\*

(Specialty

Retail)

Common

Stocks

(71.8%),

continued

Shares

Value

Jack

in

the

Box,

Inc.

(Hotels,

Restaurants

&

Leisure)

$

Jackson

Financial,

Inc.

-

Class

A

(Financial

Services)

5,532

JAKKS

Pacific,

Inc.

\*

(Leisure

Products)

James

River

Group

Holdings,

Ltd.

(Insurance)

Jamf

Holding

Corp.

\*

(Software)

937

Janus

International

Group,

Inc.

\*

(Building

Products)

922

Janux

Therapeutics,

Inc.

\*

(Biotechnology)

1,029

Jasper

Therapeutics,

Inc.

\*

(Biotechnology)

JBG

SMITH

Properties

(Office

REITs)

1,104

JELD-WEN

Holding,

Inc.

\*

(Building

Products)

JetBlue

Airways

Corp.

\*

(Passenger

Airlines)

1,325

Joby

Aviation,

Inc.

\*(a)

(Passenger

Airlines)

2,652

John

B. Sanfilippo

&

Son,

Inc.

(Food

Products)

596

John

Bean

Technologies

Corp.

(Machinery)

4,842

John

Marshall

Bancorp,

Inc.

\*

(Banks)

John

Wiley

&

Sons,

Inc.

-

Class

A

(Media)

1,658

Johnson

Outdoors,

Inc.

-

Class

A

(Leisure

Products)

Kadant,

Inc.

(Machinery)

3,245

Kaiser

Aluminum

Corp.

(Metals

&

Mining)

1,031

Kaltura,

Inc.

\*

(Software)

KalVista

Pharmaceuticals,

Inc.

\*

(Biotechnology)

523

KAR

Auction

Services,

Inc.

\*

(Commercial

Services

&

Supplies)

1,907

Karat

Packaging,

Inc.

\*

(Trading

Companies

&

Distributors)

KB

Home

(Household

Durables)

3,350

Kearney

Financial

Corp.

\*

(Banks)

Kelly

Services,

Inc.

\*

-

Class

A

(Professional

Services)

Kennametal,

Inc.

(Machinery)

1,480

Kennedy-Wilson

Holdings,

Inc.

(Real

Estate

Management

&

Development)

710

Keros

Therapeutics,

Inc.

\*

(Biotechnology)

Kforce,

Inc.

(Professional

Services)

688

Kimball

Electronics,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

KinderCare

Learning

Cos.,

Inc.

\*

(Diversified

Consumer

Services)

Kinetik

Holdings,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,530

Kingsway

Financial

Services,

Inc.

\*

(Insurance)

Kiniksa

Pharmaceuticals

International

PLC

\*

(Biotechnology)

998

Kite

Realty

Group

Trust

(Retail

REITs)

4,589

KKR

Real

Estate

Finance

Trust,

Inc.

(Mortgage

REITs)

527

Knife

River

Corp.

\*

(Construction

Materials)

5,136

Knowles

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,338

Kodiak

Gas

Services,

Inc.

\*

(Energy

Equipment

&

Services)

1,496

Kodiak

Sciences,

Inc.

\*

(Biotechnology)

Kontoor

Brands,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

3,248

Koppers

Holdings,

Inc.

(Chemicals)

Korn

Ferry

(Professional

Services)

3,085

Korro

Bio,

Inc.

\*

(Biotechnology)

Kosmos

Energy,

Ltd.

\*

(Oil,

Gas

&

Consumable

Fuels)

702

Kratos

Defense

&

Security

Solutions,

Inc.

\*

(Aerospace

&

Defense)

4,865

Krispy

Kreme,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

Kronos

Worldwide,

Inc.

\*

(Chemicals)

Krystal

Biotech,

Inc.

\*

(Biotechnology)

4,077

Kulicke

&

Soffa

Industries,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

1,644

Kura

Oncology,

Inc.

\*

(Biotechnology)

Kura

Sushi

USA,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Small-Cap

ProFund

Common

Stocks

(71.8%),

continued

Shares

Value

Kymera

Therapeutics,

Inc.

\*

(Biotechnology)

$

1,576

Kyverna

Therapeutics,

Inc.

\*

(Biotechnology)

L.B.

Foster

Co.

\*

-

Class

A

(Machinery)

Ladder

Capital

Corp.

(Mortgage

REITs)

1,159

Lakeland

Financial

Corp.

(Banks)

1,336

Lancaster

Colony

Corp.

(Food

Products)

3,093

Landec

Corp.

\*

(Life

Sciences

Tools

&

Services)

Lands'

End,

Inc.

\*

(Specialty

Retail)

Landsea

Home

Corp.

\*

(Household

Durables)

Lantheus

Holdings,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

6,992

LanzaTech

Global,

Inc.

\*

(Commercial

Services

&

Supplies)

Larimar

Therapeutics,

Inc.

\*

(Biotechnology)

Latham

Group,

Inc.

\*

(Leisure

Products)

Laureate

Education,

Inc.

\*

(Diversified

Consumer

Services)

2,549

Lawson

Products,

Inc.

\*

(Trading

Companies

&

Distributors)

La-Z-Boy,

Inc.

(Household

Durables)

1,620

LCI

Industries

(Automobile

Components)

1,850

LCNB

Corp.

\*

(Banks)

Legacy

Housing

Corp.

\*

(Household

Durables)

Legalzoom.com,

Inc.

\*

(Professional

Services)

900

LeMaitre

Vascular,

Inc.

(Health

Care

Equipment

&

Supplies)

1,815

Lemonade,

Inc.

\*

(Insurance)

1,490

LendingClub

Corp.

\*

(Consumer

Finance)

1,055

LendingTree,

Inc.

\*

(Consumer

Finance)

516

LENZ

Therapeutics,

Inc.

\*

(Biotechnology)

Leonardo

DRS,

Inc.

\*

(Aerospace

&

Defense)

2,661

Leslie's,

Inc.

\*

(Specialty

Retail)

Lexeo

Therapeutics,

Inc.

\*

(Biotechnology)

Lexicon

Pharmaceuticals,

Inc.

\*

(Biotechnology)

Lexington

Realty

Trust

(Industrial

REITs)

2,233

LGI

Homes,

Inc.

\*

(Household

Durables)

1,092

Liberty

Energy,

Inc.

(Energy

Equipment

&

Services)

1,771

Liberty

Latin

America,

Ltd.

\*

-

Class

A

(Diversified

Telecommunication

Services)

Liberty

Latin

America,

Ltd.

\*

-

Class

C

(Diversified

Telecommunication

Services)

693

Life

Time

Group

Holdings,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

2,514

Life360,

Inc.

\*

(Software)

LifeMD,

Inc.

\*

(Health

Care

Technology)

LifeStance

Health

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

894

Lifetime

Brands,

Inc.

\*

(Household

Durables)

Lifeway

Foods,

Inc.

\*

(Food

Products)

Lifezone

Metals,

Ltd.

\*

(Metals

&

Mining)

Ligand

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

1,868

Lightwave

Logic,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

Limbach

Holdings,

Inc.

\*

(Construction

&

Engineering)

957

Limoneira

Co.

\*

(Food

Products)

Lincoln

Educational

Services

Corp.

\*

(Diversified

Consumer

Services)

Lindblad

Expeditions

Holdings,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

Lindsay

Corp.

(Machinery)

1,420

Lineage

Cell

Therapeutics,

Inc.

\*

(Biotechnology)

LINKBANCORP,

Inc.

\*

(Banks)

Lions

Gate

Entertainment

Corp.

\*

-

Class

A

(Entertainment)

515

Common

Stocks

(71.8%),

continued

Shares

Value

Lions

Gate

Entertainment

Corp.

\*

-

Class

B

(Entertainment)

$

966

Liquidia

Corp.

\*

(Pharmaceuticals)

866

Liquidity

Services,

Inc.

\*

(Commercial

Services

&

Supplies)

667

LivaNova

PLC

\*

(Health

Care

Equipment

&

Supplies)

1,961

Live

Oak

Bancshares,

Inc.

(Banks)

889

LiveOne,

Inc.

\*

(Entertainment)

LiveRamp

Holdings,

Inc.

\*

(Software)

1,648

Livewire

Group,

Inc.

\*

(Automobiles)

LSB

Industries,

Inc.

\*

(Chemicals)

LSI

Industries,

Inc.

(Electrical

Equipment)

LTC

Properties,

Inc.

(Health

Care

REITs)

1,578

Lumen

Technologies,

Inc.

\*

(Diversified

Telecommunication

Services)

987

3,493

Luminar

Technologies,

Inc.

\*(a)

(Automobile

Components)

Luxfer

Holdings

PLC

\*

(Machinery)

Lyell

Immunopharma,

Inc.

\*

(Biotechnology)

Lyra

Therapeutics,

Inc.

\*

(Pharmaceuticals)

M/I

Homes,

Inc.

\*

(Household

Durables)

2,774

Mack-Cali

Realty

Corp.

\*

(Residential

REITs)

1,195

MacroGenics,

Inc.

\*

(Biotechnology)

Madison

Square

Garden

Entertainment

Corp.

\*

(Entertainment)

1,265

Madrigal

Pharmaceuticals,

Inc.

\*

(Biotechnology)

6,010

Magnite,

Inc.

\*

(Media)

1,462

Magnolia

Oil

&

Gas

Corp.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

3,470

Maiden

Holdings,

Ltd.

\*

(Insurance)

Malibu

Boats,

Inc.

\*

-

Class

A

(Leisure

Products)

543

Mama's

Creations,

Inc.

\*

(Food

Products)

Mammoth

Energy

Services,

Inc.

\*

(Energy

Equipment

&

Services)

Mannkind

Corp.

\*

(Biotechnology)

1,320

MARA

Holdings,

Inc.

\*

(Software)

4,439

Maravai

LifeSciences

Holdings,

Inc.

\*

-

Class

A

(Life

Sciences

Tools

&

Services)

Marcus

&

Millichap,

Inc.

(Real

Estate

Management

&

Development)

699

Marine

Products

Corp.

\*

(Leisure

Products)

MarineMax,

Inc.

\*

(Specialty

Retail)

MarketWise,

Inc.

\*

(Capital

Markets)

Marqeta,

Inc.

\*

-

Class

A

(Financial

Services)

1,906

Marten

Transport,

Ltd.

(Ground

Transportation)

732

Masterbrand,

Inc.

\*

(Building

Products)

1,494

MasterCraft

Boat

Holdings,

Inc.

\*

(Leisure

Products)

Materion

Corp.

(Metals

&

Mining)

1,660

Mativ

Holdings,

Inc.

\*

(Chemicals)

Matrix

Service

Co.

\*

(Construction

&

Engineering)

Matson,

Inc.

(Marine

Transportation)

3,491

Matthews

International

Corp.

\*

-

Class

A

(Commercial

Services

&

Supplies)

593

Maui

Land

&

Pineapple

Co.,

Inc.

\*

(Real

Estate

Management

&

Development)

MaxCyte,

Inc.

\*

(Life

Sciences

Tools

&

Services)

Maximus,

Inc.

(Professional

Services)

3,750

MaxLinear,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

779

Mayville

Engineering

Co.,

Inc.

\*

(Machinery)

Maze

Therapeutics,

Inc.

\*

(Biotechnology)

MBIA,

Inc.

\*

(Insurance)

MBX

Biosciences,

Inc.

\*

(Pharmaceuticals)

McGrath

RentCorp

\*

(Trading

Companies

&

Distributors)

2,560

Medallion

Financial

Corp.

\*

(Consumer

Finance)

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Small-Cap

ProFund

Common

Stocks

(71.8%),

continued

Shares

Value

MediaAlpha,

Inc.

\*

-

Class

A

(Interactive

Media

&

Services)

$

Medifast,

Inc.

\*

(Personal

Care

Products)

MediWound,

Ltd.

\*

(Pharmaceuticals)

Mednax,

Inc.

\*

(Health

Care

Providers

&

Services)

1,082

MeiraGTx

Holdings

PLC

\*

(Biotechnology)

Mercantile

Bank

Corp.

\*

(Banks)

635

Merchants

Bancorp

(Financial

Services)

541

Mercury

General

Corp.

(Insurance)

1,441

Mercury

Systems,

Inc.

\*

(Aerospace

&

Defense)

2,550

MeridianLink,

Inc.

\*

(Software)

541

Merit

Medical

Systems,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

5,289

Meritage

Homes

Corp.

(Household

Durables)

4,769

Mersana

Therapeutics,

Inc.

\*

(Biotechnology)

Mesa

Laboratories,

Inc.

(Life

Sciences

Tools

&

Services)

576

Metagenomi,

Inc.

\*

(Biotechnology)

Metals

Acquisition,

Ltd.

\*

-

Class

A

(Metals

&

Mining)

Methode

Electronics,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

Metrocity

Bankshares,

Inc.

\*

(Banks)

Metropolitan

Bank

Holding

Corp.

\*

(Banks)

619

Metsera,

Inc.

\*

(Biotechnology)

MFA

Financial,

Inc.

\*

(Mortgage

REITs)

982

MGE

Energy,

Inc.

(Electric

Utilities)

3,255

MGP

Ingredients,

Inc.

(Beverages)

MicroVision,

Inc.

\*(a)

(Electronic

Equipment,

Instruments

&

Components)

Mid

Penn

Bancorp,

Inc.

\*

(Banks)

581

Middlefield

Banc

Corp.

\*

(Banks)

Middlesex

Water

Co.

(Water

Utilities)

1,073

Midland

States

Bankcorp,

Inc.

\*

(Banks)

MidWestOne

Financial

Group,

Inc.

\*

(Banks)

527

Miller

Industries,

Inc.

(Machinery)

MillerKnoll,

Inc.

(Commercial

Services

&

Supplies)

1,082

MiMedx

Group,

Inc.

\*

(Biotechnology)

798

Mind

Medicine

MindMed,

Inc.

\*

(Pharmaceuticals)

Minerals

Technologies,

Inc.

(Chemicals)

1,599

Mineralys

Therapeutics,

Inc.

\*

(Biotechnology)

Mirion

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,172

Mirum

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,695

Mission

Produce,

Inc.

\*

(Food

Products)

Mister

Car

Wash,

Inc.

\*

(Diversified

Consumer

Services)

631

Mistras

Group,

Inc.

\*

(Professional

Services)

Mitek

Systems,

Inc.

\*

(Software)

Modine

Manufacturing

Co.

\*

(Automobile

Components)

4,081

ModivCare,

Inc.

\*

(Health

Care

Providers

&

Services)

Moelis

&

Co.

-

Class

A

(Capital

Markets)

3,697

Monarch

Casino

&

Resort,

Inc.

(Hotels,

Restaurants

&

Leisure)

1,016

Monro,

Inc.

(Specialty

Retail)

Montauk

Renewables,

Inc.

\*

(Independent

Power/

Renewable

Electricity

Producers)

Monte

Rosa

Therapeutics,

Inc.

\*

(Biotechnology)

Montrose

Environemental

Group,

Inc.

\*

(Commercial

Services

&

Supplies)

Moog,

Inc.

-

Class

A

(Aerospace

&

Defense)

4,516

Movado

Group,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

Mr.

Cooper

Group,

Inc.

\*

(Financial

Services)

7,260

MRC

Global,

Inc.

\*

(Trading

Companies

&

Distributors)

955

Mueller

Industries,

Inc.

(Machinery)

8,017

Mueller

Water

Products,

Inc.

-

Class

A,

Series

A

(Machinery)

3,962

Murphy

Oil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

2,772

Common

Stocks

(71.8%),

continued

Shares

Value

MVB

Financial

Corp.

(Banks)

$

Myers

Industries,

Inc.

(Containers

&

Packaging)

MYR

Group,

Inc.

\*

(Construction

&

Engineering)

1,957

Myriad

Genetics,

Inc.

\*

(Biotechnology)

645

N-able,

Inc.

\*

(Software)

501

Nabors

Industries,

Ltd.

\*

(Energy

Equipment

&

Services)

NACCO

Industries,

Inc.

\*

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

NANO

Nuclear

Energy,

Inc.

\*

(Electrical

Equipment)

546

Nano-X

Imaging,

Ltd.

\*

(Health

Care

Providers

&

Services)

Napco

Security

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

777

Nathan's

Famous,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

National

Bank

Holdings

Corp.

-

Class

A

(Banks)

1,302

National

Bankshares,

Inc.

\*

(Banks)

National

Beverage

Corp.

(Beverages)

1,021

National

CineMedia,

Inc.

\*

(Media)

National

Health

Investors,

Inc.

\*

(Health

Care

REITs)

3,254

National

HealthCare

Corp.

(Health

Care

Providers

&

Services)

1,134

National

Presto

Industries,

Inc.

\*

(Aerospace

&

Defense)

National

Research

Corp.

(Health

Care

Providers

&

Services)

National

Vision

Holdings,

Inc.

\*

(Specialty

Retail)

939

Natural

Gas

Services

Group,

Inc.

\*

(Energy

Equipment

&

Services)

Natural

Grocers

by

Vitamin

Cottage,

Inc.

(Consumer

Staples

Distribution

&

Retail)

Nature's

Sunshine

Products,

Inc.

\*

(Personal

Care

Products)

Nautilus

Biotechnology,

Inc.

\*

(Life

Sciences

Tools

&

Services)

Navient

Corp.

(Consumer

Finance)

891

Navitas

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

NB

Bancorp,

Inc.

\*

(Banks)

652

NBT

Bancorp,

Inc.

(Banks)

1,905

NCR

Atleos

Corp.

\*

(Financial

Services)

1,954

NCR

Voyix

Corp.

\*

(Software)

1,217

Nektar

Therapeutics

\*

(Pharmaceuticals)

Nelnet,

Inc.

-

Class

A

(Consumer

Finance)

1,485

Neogen

Corp.

\*

(Health

Care

Equipment

&

Supplies)

1,076

NeoGenomics,

Inc.

\*

(Health

Care

Providers

&

Services)

793

NerdWallet,

Inc.

\*

-

Class

A

(Consumer

Finance)

Nerdy,

Inc.

\*

(Diversified

Consumer

Services)

NET

Lease

Office

Properties

\*

(Office

REITs)

Net

Power,

Inc.

\*

(Electrical

Equipment)

NETGEAR,

Inc.

\*

(Communications

Equipment)

651

NetScout

Systems,

Inc.

\*

(Communications

Equipment)

1,408

NETSTREIT

Corp.

\*

(Retail

REITs)

1,302

Neumora

Therapeutics,

Inc.

\*

(Pharmaceuticals)

Neurogene,

Inc.

\*

(Biotechnology)

NeuroPace,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

New

Jersey

Resources

Corp.

(Gas

Utilities)

4,746

New

York

Community

Bancorp,

Inc.

(Banks)

2,892

New

York

Mortgage

Trust,

Inc.

(Mortgage

REITs)

517

Newmark

Group,

Inc.

\*

-

Class

A

(Real

Estate

Management

&

Development)

1,407

Newpark

Resources,

Inc.

\*

(Energy

Equipment

&

Services)

NewtekOne,

Inc.

\*

(Financial

Services)

NexPoint

Diversified

Real

Estate

Trust

\*

(Equity

REIT

-

Diversified)

Nexpoint

Real

Estate

Finance,

Inc.

\*

(Mortgage

REITs)

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Small-Cap

ProFund

Common

Stocks

(71.8%),

continued

Shares

Value

NexPoint

Residential

Trust,

Inc.

(Residential

REITs)

$

820

NextDecade

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

845

Nextdoor

Holdings,

Inc.

\*

(Interactive

Media

&

Services)

NextNav,

Inc.

\*

(Software)

969

NEXTracker,

Inc.

\*

-

Class

A

(Electrical

Equipment)

5,725

NI

Holdings,

Inc.

\*

(Insurance)

Nicolet

Bankshares,

Inc.

\*

(Banks)

1,519

Nkarta,

Inc.

\*

(Biotechnology)

NL

Industries,

Inc.

\*

(Commercial

Services

&

Supplies)

nLight,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

NMI

Holdings,

Inc.

\*

-

Class

A

(Financial

Services)

2,749

NN,

Inc.

\*

(Machinery)

Noble

Corp.

PLC

\*

(Energy

Equipment

&

Services)

2,826

Nordic

American

Tankers,

Ltd.

\*

(Oil,

Gas

&

Consumable

Fuels)

509

Northeast

Bank

\*

(Banks)

580

Northeast

Community

Bancorp,

Inc.

\*

(Banks)

Northern

Oil

and

Gas,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

2,333

Northern

Technologies

International

Corp.

\*

(Chemicals)

Northfield

Bancorp,

Inc.

\*

(Banks)

Northrim

Bancorp,

Inc.

\*

(Banks)

Northwest

Bancshares,

Inc.

(Banks)

1,531

Northwest

Natural

Holding

Co.

(Gas

Utilities)

1,681

Northwest

Pipe

Co.

\*

(Construction

&

Engineering)

NorthWestern

Energy

Group,

Inc.

(Multi-Utilities)

3,494

Norwood

Financial

Corp.

\*

(Banks)

Novagold

Resources,

Inc.

\*

(Metals

&

Mining)

1,007

Novanta,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

4,160

Novavax,

Inc.

\*

(Biotechnology)

1,001

Novocure,

Ltd.

\*

(Health

Care

Equipment

&

Supplies)

1,887

Nu

Skin

Enterprises,

Inc.

-

Class

A

(Personal

Care

Products)

Nurix

Therapeutics,

Inc.

\*

(Biotechnology)

842

NuScale

Power

Corp.

\*

(Electrical

Equipment)

1,458

Nuvalent,

Inc.

\*

-

Class

A

(Biotechnology)

2,610

Nuvation

Bio,

Inc.

\*

(Pharmaceuticals)

NV5

Global,

Inc.

\*

(Professional

Services)

1,039

NVE

Corp.

(Semiconductors

&

Semiconductor

Equipment)

Oak

Valley

Bancorp.

\*

(Banks)

Oceaneering

International,

Inc.

\*

(Energy

Equipment

&

Services)

1,757

OceanFirst

Financial

Corp.

\*

(Banks)

927

Ocugen,

Inc.

\*

(Biotechnology)

Ocular

Therapeutix,

Inc.

\*

(Pharmaceuticals)

1,278

Offerpad

Solutions,

Inc.

\*

(Real

Estate

Management

&

Development)

OFG

Bancorp

(Banks)

1,731

O-I

Glass,

Inc.

\*

(Containers

&

Packaging)

1,911

Oil

States

International,

Inc.

\*

(Energy

Equipment

&

Services)

Oil-Dri

Corp.

of

America

(Household

Products)

Olaplex

Holdings,

Inc.

\*

(Personal

Care

Products)

Old

National

Bancorp

(Banks)

6,322

Old

Second

Bancorp,

Inc.

(Banks)

663

Olema

Pharmaceuticals,

Inc.

\*

(Biotechnology)

Olo,

Inc.

\*

(Software)

645

Olympic

Steel,

Inc.

(Metals

&

Mining)

Omega

Flex,

Inc.

(Machinery)

Omeros

Corp.

\*

(Pharmaceuticals)

OmniAb,

Inc.

\*

(Life

Sciences

Tools

&

Services)

Omnicell,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,375

Common

Stocks

(71.8%),

continued

Shares

Value

ON24,

Inc.

\*

(Software)

$

ONE

Gas,

Inc.

(Gas

Utilities)

4,318

One

Liberty

Properties,

Inc.

(Equity

REIT

-

Diversified)

OneSpan,

Inc.

\*

(Software)

550

OneSpaWorld

Holdings,

Ltd.

(Diversified

Consumer

Services)

1,637

OneWater

Marine,

Inc.

\*

(Specialty

Retail)

Onity

Group,

Inc.

\*

(Financial

Services)

Ooma,

Inc.

\*

(Software)

Open

Lending

Corp.

\*

(Capital

Markets)

Opendoor

Technologies,

Inc.

\*

(Real

Estate

Management

&

Development)

624

OPKO

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

OppFi,

Inc.

\*

(Consumer

Finance)

OptimizeRx

Corp.

\*

(Health

Care

Technology)

Option

Care

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

5,396

Orange

County

Bancorp,

Inc.

\*

(Banks)

OraSure

Technologies,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Orchestra

BioMed

Holdings,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Orchid

Island

Capital,

Inc.

\*

(Mortgage

REITs)

551

Organogenesis

Holdings,

Inc.

\*

(Biotechnology)

ORIC

Pharmaceuticals,

Inc.

\*

(Biotechnology)

Origin

Bancorp,

Inc.

\*

(Banks)

929

Orion

Group

Holdings,

Inc.

\*

(Construction

&

Engineering)

Orion

Office

REIT,

Inc.

\*

(Office

REITs)

Orion

SA

(Chemicals)

674

Ormat

Technologies,

Inc.

(Independent

Power/

Renewable

Electricity

Producers)

4,066

Orrstown

Financial

Services,

Inc.

\*

(Banks)

539

Orthofix

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

OrthoPediatrics

Corp.

\*

(Health

Care

Equipment

&

Supplies)

Oscar

Health,

Inc.

\*

-

Class

A

(Insurance)

2,589

OSI

Systems,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,071

Otter

Tail

Corp.

(Electric

Utilities)

3,175

Ouster,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

Outbrain,

Inc.

\*

(Interactive

Media

&

Services)

Outfront

Media,

Inc.

\*

(Specialized

REITs)

2,133

Outlook

Therapeutics,

Inc.

\*

(Biotechnology)

Ovid

Therapeutics,

Inc.

\*

(Biotechnology)

Owens

&

Minor,

Inc.

\*

(Health

Care

Providers

&

Services)

522

Oxford

Industries,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

680

P10,

Inc.

\*

-

Class

A

(Capital

Markets)

Pacific

Biosciences

of

California,

Inc.

\*

(Life

Sciences

Tools

&

Services)

Pacific

Premier

Bancorp,

Inc.

(Banks)

1,892

Pacira

BioSciences,

Inc.

\*

(Pharmaceuticals)

1,211

PACS

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

Pagaya

Technologies,

Ltd.

\*

-

Class

A

(Software)

PagerDuty,

Inc.

\*

(Software)

1,318

Pagseguro

Digital,

Ltd.

\*

-

Class

A

(Financial

Services)

1,805

Palomar

Holdings,

Inc.

\*

(Insurance)

3,626

PAM

Transportation

Services,

Inc.

\*

(Ground

Transportation)

Pangaea

Logistics

Solutions,

Ltd.

\*

(Marine

Transportation)

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Small-Cap

ProFund

Common

Stocks

(71.8%),

continued

Shares

Value

Papa

John's

International,

Inc.

(Hotels,

Restaurants

&

Leisure)

$

1,105

Par

Pacific

Holdings,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

759

PAR

Technology

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,927

Paramount

Group,

Inc.

\*

(Office

REITs)

772

Park

Aerospace

Corp.

\*

(Aerospace

&

Defense)

Park

National

Corp.

(Banks)

2,101

Parke

Bancorp,

Inc.

\*

(Banks)

Park-Ohio

Holdings

Corp.

\*

(Machinery)

Pathward

Financial,

Inc.

(Banks)

1,905

Patria

Investments,

Ltd.

\*

-

Class

A

(Capital

Markets)

587

Patrick

Industries,

Inc.

(Automobile

Components)

2,463

Patterson-UTI

Energy,

Inc.

(Energy

Equipment

&

Services)

2,138

Payoneer

Global,

Inc.

\*

(Financial

Services)

2,053

Paysafe,

Ltd.

\*

(Financial

Services)

Paysign,

Inc.

\*

(Financial

Services)

PBF

Energy,

Inc.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

1,684

PC

Connection,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

682

PCB

Bancorp

\*

(Banks)

PDF

Solutions,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

551

Peabody

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,468

Peakstone

Realty

Trust

\*

(Office

REITs)

Peapack-Gladstone

Financial

Corp.

\*

(Banks)

Pebblebrook

Hotel

Trust

(Hotel

&

Resort

REITs)

1,050

Peloton

Interactive,

Inc.

\*

-

Class

A

(Leisure

Products)

2,363

PennyMac

Financial

Services,

Inc.

\*

(Financial

Services)

2,533

PennyMac

Mortgage

Investment

Trust

(Mortgage

REITs)

1,091

Peoples

Bancorp

of

North

Carolina,

Inc.

\*

(Banks)

Peoples

Bancorp,

Inc.

\*

(Banks)

986

Peoples

Financial

Services

Corp.

\*

(Banks)

PepGen,

Inc.

\*

(Biotechnology)

Perdoceo

Education

Corp.

(Diversified

Consumer

Services)

1,608

Perella

Weinberg

Partners

(Capital

Markets)

859

Performant

Financial

Corp.

\*

(Commercial

Services

&

Supplies)

Perimeter

Solutions

SA

\*

(Chemicals)

1,317

Perma-Fix

Environmental

Services,

Inc.

\*

(Commercial

Services

&

Supplies)

Perpetua

Resources

Corp.

\*

(Metals

&

Mining)

604

Perspective

Therapeutics,

Inc.

\*

(Biotechnology)

Petco

Health

&

Wellness

Co.,

Inc.

\*

(Specialty

Retail)

Phathom

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

Phibro

Animal

Health

Corp.

-

Class

A

(Pharmaceuticals)

Phillips

Edison

&

Co.,

Inc.

(Retail

REITs)

4,163

Phinia,

Inc.

(Automobile

Components)

1,646

Photronics,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,096

Phreesia,

Inc.

\*

(Health

Care

Technology)

1,373

Piedmont

Lithium,

Inc.

\*

(Metals

&

Mining)

Piedmont

Office

Realty

Trust,

Inc.

-

Class

A

(Office

REITs)

709

Pioneer

Bancorp,

Inc.

\*

(Banks)

Piper

Sandler

Cos.

(Capital

Markets)

4,098

Pitney

Bowes,

Inc.

(Commercial

Services

&

Supplies)

1,389

PJT

Partners,

Inc.

-

Class

A

(Capital

Markets)

3,259

Planet

Labs

PBC

\*

(Professional

Services)

707

PlayAGS,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

Common

Stocks

(71.8%),

continued

Shares

Value

Playstudios,

Inc.

\*

(Entertainment)

$

Plexus

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,183

Pliant

Therapeutics,

Inc.

\*

(Pharmaceuticals)

Plug

Power,

Inc.

\*

(Electrical

Equipment)

805

702

Plumas

Bancorp

\*

(Banks)

Plymouth

Industrial

REIT,

Inc.

(Industrial

REITs)

580

Ponce

Financial

Group,

Inc.

\*

(Banks)

Porch

Group,

Inc.

\*

(Software)

Portillo's,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

558

Portland

General

Electric

Co.

(Electric

Utilities)

4,254

Postal

Realty

Trust,

Inc.

-

Class

A

(Office

REITs)

Potbelly

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

PotlatchDeltic

Corp.

(Specialized

REITs)

2,955

Powell

Industries,

Inc.

(Electrical

Equipment)

1,648

Power

Integrations,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

2,702

Powerfleet,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

PRA

Group,

Inc.

\*

(Consumer

Finance)

695

Prairie

Operating

Co.

\*

(Software)

Praxis

Precision

Medicines,

Inc.

\*

(Biotechnology)

640

Precigen,

Inc.

\*

(Biotechnology)

Preferred

Bank

(Banks)

958

Preformed

Line

Products

Co.

\*

(Electrical

Equipment)

Prelude

Therapeutics,

Inc.

\*

(Biotechnology)

Prestige

Consumer

Healthcare,

Inc.

\*

(Pharmaceuticals)

3,900

PriceSmart,

Inc.

(Consumer

Staples

Distribution

&

Retail)

2,436

Prime

Medicine,

Inc.

\*

(Biotechnology)

PrimeEnergy

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

Primis

Financial

Corp.

(Banks)

Primo

Brands

Corp.

\*

(Beverages)

6,338

Primoris

Services

Corp.

(Construction

&

Engineering)

3,118

Princeton

Bancorp,

Inc.

\*

(Banks)

Priority

Technology

Holdings,

Inc.

\*

(Financial

Services)

Privia

Health

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

2,371

ProAssurance

Corp.

\*

(Insurance)

1,161

PROCEPT

BioRobotics

Corp.

\*

(Health

Care

Equipment

&

Supplies)

2,321

Proficient

Auto

Logistics,

Inc.

\*

(Ground

Transportation)

ProFrac

Holding

Corp.

\*

-

Class

A

(Energy

Equipment

&

Services)

PROG

Holdings,

Inc.

(Consumer

Finance)

1,054

Progress

Software

Corp.

(Software)

2,518

Progyny,

Inc.

\*

(Health

Care

Providers

&

Services)

1,667

ProKidney

Corp.

\*

(Biotechnology)

ProPetro

Holding

Corp.

\*

(Energy

Equipment

&

Services)

PROS

Holdings,

Inc.

\*

(Software)

769

Protagonist

Therapeutics,

Inc.

\*

(Biotechnology)

2,658

Prothena

Corp.

PLC

\*

(Biotechnology)

Proto

Labs,

Inc.

\*

(Machinery)

844

Provident

Bancorp,

Inc.

\*

(Banks)

Provident

Financial

Services,

Inc.

(Banks)

2,014

PTC

Therapeutics,

Inc.

\*

(Biotechnology)

3,688

PubMatic,

Inc.

\*

-

Class

A

(Media)

Pulmonx

Corp.

\*

(Health

Care

Equipment

&

Supplies)

Pulse

Biosciences,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Puma

Biotechnology,

Inc.

\*

(Biotechnology)

Pure

Cycle

Corp.

\*

(Water

Utilities)

PureCycle

Technologies,

Inc.

\*

(Chemicals)

805

Purple

Innovation,

Inc.

\*

(Household

Durables)

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Small-Cap

ProFund

Common

Stocks

(71.8%),

continued

Shares

Value

Pyxis

Oncology,

Inc.

\*

(Biotechnology)

$

Q2

Holdings,

Inc.

\*

(Software)

4,517

Q32

Bio,

Inc.

\*

(Biotechnology)

QCR

Holdings,

Inc.

(Banks)

1,039

Quad/Graphics,

Inc.

\*

(Commercial

Services

&

Supplies)

Quaker

Chemical

Corp.

(Chemicals)

1,377

Qualys,

Inc.

\*

(Software)

4,526

Quanex

Building

Products

Corp.

(Building

Products)

756

Quanterix

Corp.

\*

(Life

Sciences

Tools

&

Services)

Quantum-Si,

Inc.

\*

(Life

Sciences

Tools

&

Services)

Quest

Resource

Holding

Corp.

\*

(Commercial

Services

&

Supplies)

QuickLogic

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

QuinStreet,

Inc.

\*

(Interactive

Media

&

Services)

911

Quipt

Home

Medical

Corp.

\*

(Health

Care

Providers

&

Services)

Qurate

Retail,

Inc.

\*

-

Class

B

(Broadline

Retail)

Rackspace

Technology,

Inc.

\*

(IT

Services)

Radian

Group,

Inc.

(Financial

Services)

4,631

Radiant

Logistics,

Inc.

\*

(Air

Freight

&

Logistics)

RadNet,

Inc.

\*

(Health

Care

Providers

&

Services)

3,352

Ramaco

Resources,

Inc.

-

Class

A

(Metals

&

Mining)

Ramaco

Resources,

Inc.

-

Class

B

(Metals

&

Mining)

Rambus,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

5,073

Ranger

Energy

Services,

Inc.

\*

(Energy

Equipment

&

Services)

Ranpak

Holdings

Corp.

\*

(Containers

&

Packaging)

Rapid7,

Inc.

\*

(Software)

1,441

Rapport

Therapeutics,

Inc.

\*

(Pharmaceuticals)

RAPT

Therapeutics,

Inc.

\*

(Biotechnology)

Rayonier

Advanced

Materials,

Inc.

\*

(Chemicals)

RBB

Bancorp

\*

(Banks)

RCI

Hospitality

Holdings,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

RE/MAX

Holdings,

Inc.

\*

-

Class

A

(Real

Estate

Management

&

Development)

Ready

Capital

Corp.

(Mortgage

REITs)

703

Recursion

Pharmaceuticals,

Inc.

\*(a)

-

Class

A

(Biotechnology)

1,370

Red

River

Bancshares,

Inc.

\*

(Banks)

Red

Rock

Resorts,

Inc.

-

Class

A

(Hotels,

Restaurants

&

Leisure)

2,050

Red

Violet,

Inc.

\*

(Software)

Redfin

Corp.

\*

(Real

Estate

Management

&

Development)

1,132

Redwire

Corp.

\*

(Aerospace

&

Defense)

Redwood

Trust,

Inc.

(Mortgage

REITs)

795

REGENXBIO,

Inc.

\*

(Biotechnology)

Regional

Management

Corp.

\*

(Consumer

Finance)

Regulus

Therapeutics,

Inc.

\*

(Biotechnology)

Rekor

Systems,

Inc.

\*

(Software)

Relay

Therapeutics,

Inc.

\*

(Biotechnology)

Remitly

Global,

Inc.

\*

(Financial

Services)

2,932

Renasant

Corp.

(Banks)

2,918

Renovaro,

Inc.

\*

(Biotechnology)

Repay

Holdings

Corp.

\*

(Financial

Services)

Replimune

Group,

Inc.

\*

(Biotechnology)

655

ReposiTrak,

Inc.

\*

(Software)

Republic

Bancorp,

Inc.

\*

-

Class

A

(Banks)

543

Reservoir

Media,

Inc.

\*

(Entertainment)

Resideo

Technologies,

Inc.

\*

(Building

Products)

2,383

Resolute

Holdings

Management,

Inc.

\*

(Asset

Management)

Common

Stocks

(71.8%),

continued

Shares

Value

Resources

Connection,

Inc.

\*

(Professional

Services)

$

REV

Group,

Inc.

(Machinery)

1,635

REVOLUTION

Medicines,

Inc.

\*

(Biotechnology)

6,702

Revolve

Group,

Inc.

\*

(Specialty

Retail)

736

REX

American

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

596

RGC

Resources,

Inc.

\*

(Gas

Utilities)

Rhythm

Pharmaceuticals,

Inc.

\*

(Biotechnology)

3,455

Ribbon

Communications,

Inc.

\*

(Communications

Equipment)

Richardson

Electronics,

Ltd.

\*

(Electronic

Equipment,

Instruments

&

Components)

Rigel

Pharmaceuticals,

Inc.

\*

(Biotechnology)

Rigetti

Computing,

Inc.

\*(a)

(Semiconductors

&

Semiconductor

Equipment)

1,632

Riley

Exploration

Permian,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

Rimini

Street,

Inc.

\*

(Software)

Ring

Energy,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

Riot

Platforms,

Inc.

\*

(Software)

2,194

RLJ

Lodging

Trust

\*

(Hotel

&

Resort

REITs)

1,023

Roadzen,

Inc.

\*

(Software)

Rocket

Lab

USA,

Inc.

\*

(Aerospace

&

Defense)

7,495

Rocket

Pharmaceuticals,

Inc.

\*

(Biotechnology)

572

Rocky

Brands,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

Rogers

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,113

Root,

Inc.

\*

-

Class

A

(Insurance)

1,117

RPC,

Inc.

\*

(Energy

Equipment

&

Services)

RumbleON,

Inc.

\*

-

Class

B

(Specialty

Retail)

Rush

Enterprises,

Inc.

-

Class

A

(Trading

Companies

&

Distributors)

3,008

Rush

Enterprises,

Inc.

\*

-

Class

B

(Trading

Companies

&

Distributors)

521

Rush

Street

Interactive,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

898

RXO,

Inc.

\*

(Ground

Transportation)

2,184

RxSight,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

530

Ryerson

Holding

Corp.

\*

(Metals

&

Mining)

608

Ryman

Hospitality

Properties,

Inc.

(Hotel

&

Resort

REITs)

5,013

S&T

Bancorp,

Inc.

(Banks)

1,348

Sable

Offshore

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

914

Sabra

Health

Care

REIT,

Inc.

(Health

Care

REITs)

4,123

Sabre

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

884

Safe

Builders,

Inc.

\*

(Marine

Transportation)

Safehold,

Inc.

(Specialized

REITs)

788

Safety

Insurance

Group,

Inc.

(Insurance)

1,071

Sage

Therapeutics,

Inc.

\*

(Biotechnology)

Sally

Beauty

Holdings,

Inc.

\*

(Specialty

Retail)

806

Sana

Biotechnology,

Inc.

\*(a)

(Biotechnology)

Sanara

Medtech,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

SandRidge

Energy,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

Sanmina

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,993

Sapiens

International

Corp.

N.V.

(Software)

822

Saul

Centers,

Inc.

(Retail

REITs)

Savara,

Inc.

\*

(Biotechnology)

Savers

Value

Village,

Inc.

\*

(Broadline

Retail)

ScanSource,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

759

Schnitzer

Steel

Industries,

Inc.

-

Class

A

(Metals

&

Mining)

763

Scholar

Rock

Holding

Corp.

\*

(Biotechnology)

2,567

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Small-Cap

ProFund

Common

Stocks

(71.8%),

continued

Shares

Value

Scholastic

Corp.

(Media)

$

Schrodinger,

Inc.

\*

(Health

Care

Technology)

1,384

Scilex

Holding

Co.

\*

(Biotech

&

Pharma)

Scorpio

Tankers,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,621

scPharmaceuticals,

Inc.

\*(a)

(Pharmaceuticals)

Seacoast

Banking

Corp.

of

Florida

(Banks)

1,944

SEACOR

Marine

Holdings,

Inc.

\*

(Energy

Equipment

&

Services)

Seadrill,

Ltd.

\*

(Energy

Equipment

&

Services)

1,315

SeaWorld

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

1,310

Select

Energy

Services,

Inc.

-

Class

A

(Energy

Equipment

&

Services)

758

Select

Medical

Holdings

Corp.

(Health

Care

Providers

&

Services)

1,933

Selective

Insurance

Group,

Inc.

(Insurance)

5,146

Selectquote,

Inc.

\*

(Insurance)

Semler

Scientific,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

SEMrush

Holdings,

Inc.

\*

(Software)

Semtech

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,250

Seneca

Foods

Corp.

\*

-

Class

A

(Food

Products)

Sensient

Technologies

Corp.

(Chemicals)

3,852

Septerna,

Inc.

\*

(Pharmaceuticals)

Sera

Prognostics,

Inc.

\*

-

Class

A

(Biotechnology)

Service

Properties

Trust

(Hotel

&

Resort

REITs)

ServisFirst

Bancshares,

Inc.

(Banks)

3,490

SES

AI

Corp.

\*(a)

(Electrical

Equipment)

Seven

Hills

Realty

Trust

\*

(Mortgage

REITs)

Sezzle,

Inc.

\*

(Financial

Services)

727

SFL

Corp.,

Ltd.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,044

Shake

Shack,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

3,245

Shattuck

Labs,

Inc.

\*

(Biotechnology)

Shenandoah

Telecommunications

Co.

(Diversified

Telecommunication

Services)

524

Shoals

Technologies

Group,

Inc.

\*

-

Class

A

(Electrical

Equipment)

588

Shoe

Carnival,

Inc.

(Specialty

Retail)

Shore

Bancshares,

Inc.

\*

(Banks)

ShotSpotter,

Inc.

\*

(Software)

Shutterstock,

Inc.

(Interactive

Media

&

Services)

SI-BONE,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

546

Sierra

Bancorp

\*

(Banks)

SIGA

Technologies,

Inc.

\*

(Pharmaceuticals)

Sight

Sciences,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Signet

Jewelers,

Ltd.

(Specialty

Retail)

2,431

Silicon

Laboratories,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

3,155

Silvaco

Group,

Inc.

\*

(Software)

Silvercrest

Asset

Management

Group,

Inc.

-

Class

A

(Capital

Markets)

Simmons

First

National

Corp.

-

Class

A

(Banks)

2,258

Simulations

Plus,

Inc.

(Health

Care

Technology)

515

Sinclair,

Inc.

\*

(Media)

SiriusPoint,

Ltd.

\*

(Insurance)

1,546

SITE

Centers

Corp.

(Retail

REITs)

545

SiTime

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,643

Sitio

Royalties

Corp.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

1,306

Six

Flags

Entertainment

Corp.

(Hotels,

Restaurants

&

Leisure)

3,097

Common

Stocks

(71.8%),

continued

Shares

Value

SJW

Group

(Water

Utilities)

$

1,872

Sky

Harbour

Group

Corp.

\*

(Transportation

Infrastructure)

Skye

Bioscience,

Inc.

\*

(Biotechnology)

Skyward

Specialty

Insurance

Group,

Inc.

\*

(Insurance)

1,911

SkyWater

Technology,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

SkyWest,

Inc.

\*

(Passenger

Airlines)

3,479

SL

Green

Realty

Corp.

(Office

REITs)

3,684

Sleep

Number

Corp.

\*

(Specialty

Retail)

SM

Energy

Co.

(Oil,

Gas

&

Consumable

Fuels)

2,552

SMART

Global

Holdings,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

871

SmartFinancial,

Inc.

\*

(Banks)

SmartRent,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

Smith

&

Wesson

Brands,

Inc.

\*

(Leisure

Products)

Smith-Midland

Corp.

\*

(Construction

Materials)

Solaris

Energy

Infrastructure,

Inc.

\*

(Energy

Equipment

&

Services)

634

SolarMax

Technology,

Inc.

\*

(Electrical

Equipment)

Soleno

Therapeutics,

Inc.

\*

(Biotechnology)

1,872

Solid

Biosciences,

Inc.

\*

(Biotechnology)

Solid

Power,

Inc.

\*

(Automobile

Components)

Solidion

Technology,

Inc.

\*

(Electrical

Equipment)

Sonic

Automotive,

Inc.

-

Class

A

(Specialty

Retail)

850

Sonida

Senior

Living,

Inc.

\*

(Health

Care

Providers

&

Services)

Sonos,

Inc.

\*

(Household

Durables)

1,078

SoundHound

AI,

Inc.

\*

-

Class

A

(Software)

2,936

South

Plains

Financial,

Inc.

\*

(Banks)

Southern

California

BanCorp

\*

(Banks)

Southern

First

Bancshares,

Inc.

\*

(Banks)

Southern

Missouri

Bancorp,

Inc.

\*

(Banks)

Southern

States

Bancshares,

Inc.

\*

(Banks)

Southland

Holdings,

Inc.

\*

(Construction

&

Engineering)

Southside

Bancshares,

Inc.

\*

(Banks)

789

SouthState

Corp.

(Banks)

8,245

Southwest

Gas

Holdings,

Inc.

(Gas

Utilities)

4,260

SpartanNash

Co.

(Consumer

Staples

Distribution

&

Retail)

655

Sphere

Entertainment

Co.

\*

(Entertainment)

709

Spire

Global,

Inc.

\*

(Professional

Services)

Spire,

Inc.

(Gas

Utilities)

4,210

Spok

Holdings,

Inc.

\*

(Wireless

Telecommunication

Services)

SpringWorks

Therapeutics,

Inc.

\*

(Biotechnology)

3,102

Sprinklr,

Inc.

\*

-

Class

A

(Software)

877

Sprout

Social,

Inc.

\*

-

Class

A

(Software)

1,025

Sprouts

Farmers

Market,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

16,757

SPS

Commerce,

Inc.

\*

(Software)

5,310

SPX

Technologies,

Inc.

\*

(Machinery)

5,903

Spyre

Therapeutics,

Inc.

\*

(Biotechnology)

594

SSR

Mining,

Inc.

\*

(Metals

&

Mining)

2,107

STAAR

Surgical

Co.

\*

(Health

Care

Equipment

&

Supplies)

876

Stagwell,

Inc.

\*

(Media)

Standard

BioTools,

Inc.

\*

(Life

Sciences

Tools

&

Services)

Standard

Motor

Products,

Inc.

(Automobile

Components)

542

Standex

International

Corp.

(Machinery)

1,556

Star

Holdings

\*

(Real

Estate

Management

&

Development)

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Small-Cap

ProFund

Common

Stocks

(71.8%),

continued

Shares

Value

Steelcase,

Inc.

-

Class

A

(Commercial

Services

&

Supplies)

$

893

Stellar

Bancorp,

Inc.

(Banks)

1,198

Stem,

Inc.

\*

(Electrical

Equipment)

Stepan

Co.

(Chemicals)

1,062

StepStone

Group,

Inc.

-

Class

A

(Capital

Markets)

3,251

Stereotaxis,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Sterling

Infrastructure,

Inc.

\*

(Construction

&

Engineering)

4,333

Steven

Madden,

Ltd.

(Textiles,

Apparel

&

Luxury

Goods)

1,470

Stewart

Information

Services

Corp.

(Insurance)

1,702

Stitch

Fix,

Inc.

\*

-

Class

A

(Specialty

Retail)

Stock

Yards

Bancorp,

Inc.

(Banks)

1,820

Stoke

Therapeutics,

Inc.

\*

(Biotechnology)

StoneCo,

Ltd.

\*

(Financial

Services)

3,923

Stoneridge,

Inc.

\*

(Automobile

Components)

StoneX

Group,

Inc.

\*

(Capital

Markets)

3,807

Strategic

Education,

Inc.

(Diversified

Consumer

Services)

1,795

Stratus

Properties,

Inc.

\*

(Real

Estate

Management

&

Development)

Strawberry

Fields

REIT,

Inc.

\*

(Health

Care

REITs)

Stride,

Inc.

\*

(Diversified

Consumer

Services)

5,832

Sturm

Ruger

&

Co.,

Inc.

\*

(Leisure

Products)

651

Summit

Hotel

Properties,

Inc.

(Hotel

&

Resort

REITs)

Summit

Therapeutics,

Inc.

\*(a)

(Biotechnology)

2,171

Sun

Country

Airlines

Holdings,

Inc.

\*

(Passenger

Airlines)

SunCoke

Energy,

Inc.

(Metals

&

Mining)

743

Sunnova

Energy

International,

Inc.

\*

(Independent

Power/

Renewable

Electricity

Producers)

SunOpta,

Inc.

\*

(Food

Products)

Sunrise

Realty

Trust,

Inc.

\*

(Mortgage

REITs)

Sunrun,

Inc.

\*

(Electrical

Equipment)

1,488

Sunstone

Hotel

Investors,

Inc.

(Hotel

&

Resort

REITs)

1,635

Super

Group

SGHC,

Ltd.

\*

(Hotels,

Restaurants

&

Leisure)

1,186

Superior

Group

of

Cos.,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

Supernus

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

1,592

Surgery

Partners,

Inc.

\*

(Health

Care

Providers

&

Services)

1,646

Surmodics,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Sutro

Biopharma,

Inc.

\*

(Biotechnology)

Sweetgreen,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

1,929

SWK

Holdings

Corp.

\*

(Financial

Services)

Sylvamo

Corp.

(Paper

&

Forest

Products)

2,027

Synaptics,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,171

Syndax

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,132

System1,

Inc.

\*

(Interactive

Media

&

Services)

Tactile

Systems

Technology,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Talkspace,

Inc.

\*

(Health

Care

Providers

&

Services)

Talos

Energy,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

970

Tandem

Diabetes

Care,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,078

Tanger,

Inc.

(Retail

REITs)

3,309

Tango

Therapeutics,

Inc.

\*

(Biotechnology)

Target

Hospitality

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

Tarsus

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

1,869

Taylor

Devices,

Inc.

\*

(Machinery)

Taylor

Morrison

Home

Corp.

\*

(Household

Durables)

5,734

Common

Stocks

(71.8%),

continued

Shares

Value

Taysha

Gene

Therapies,

Inc.

\*

(Biotechnology)

$

TechTarget,

Inc.

\*

(Media)

Tecnoglass,

Inc.

(Building

Products)

1,568

Teekay

Corp.

\*

(Transportation

&

Logistics)

Teekay

Tankers,

Ltd.

\*

-

Class

A

(Transportation

&

Logistics)

979

TEGNA,

Inc.

(Media)

2,548

Tejon

Ranch

Co.

\*

(Real

Estate

Management

&

Development)

Teladoc

Health,

Inc.

\*

(Health

Care

Technology)

1,208

Telephone

and

Data

Systems,

Inc.

(Wireless

Telecommunication

Services)

3,600

Telomir

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

Telos

Corp.

\*

(Software)

Tenable

Holdings,

Inc.

\*

(Software)

3,546

Tenaya

Therapeutics,

Inc.

\*

(Biotechnology)

Tennant

Co.

(Machinery)

1,299

Terawulf,

Inc.

\*

(Software)

726

Terex

Corp.

(Machinery)

2,288

Terns

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

Terreno

Realty

Corp.

(Industrial

REITs)

5,408

TETRA

Technologies,

Inc.

\*

(Energy

Equipment

&

Services)

Tevogen

Bio

Holdings,

Inc.

\*

(Biotechnology)

Texas

Capital

Bancshares,

Inc.

\*

(Banks)

3,067

TG

Therapeutics,

Inc.

\*

(Biotechnology)

6,189

The

Andersons,

Inc.

(Consumer

Staples

Distribution

&

Retail)

1,207

The

Baldwin

Insurance

Group,

Inc.

\*

(Insurance)

2,747

The

Bancorp,

Inc.

\*

(Banks)

2,174

The

Bank

of

NT

Butterfield

&

Son,

Ltd.

(Banks)

1,728

The

Beauty

Health

Co.

\*

(Personal

Care

Products)

The

Brink's

Co.

(Commercial

Services

&

Supplies)

3,837

The

Buckle,

Inc.

(Specialty

Retail)

1,043

The

Cheesecake

Factory,

Inc.

(a) (Hotels,

Restaurants

&

Leisure)

2,367

The

Chefs'

Warehouse,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

1,994

The

E.W.

Scripps

Co.

\*

-

Class

A

(Media)

The

Eastern

Co.

\*

(Machinery)

The

Ensign

Group,

Inc.

(Health

Care

Providers

&

Services)

6,966

The

First

Bancorp,

Inc.

\*

(Banks)

The

First

of

Long

Island

Corp.

\*

(Banks)

The

GEO

Group,

Inc.

\*

(Commercial

Services

&

Supplies)

3,879

The

Goodyear

Tire

&

Rubber

Co.

\*

(Automobile

Components)

3,025

The

Gorman-Rupp

Co.

(Machinery)

717

The

Greenbrier

Cos.,

Inc.

(Machinery)

1,273

The

Hackett

Group,

Inc.

(IT

Services)

639

The

Hain

Celestial

Group,

Inc.

\*

(Food

Products)

The

Honest

Co.,

Inc.

\*

(Personal

Care

Products)

The

Joint

Corp.

\*

(Health

Care

Providers

&

Services)

The

Lovesac

Co.

\*

(Household

Durables)

The

Macerich

Co.

(Retail

REITs)

3,562

The

Manitowoc

Co.,

Inc.

\*

(Machinery)

The

Marcus

Corp.

\*

(Entertainment)

The

ODP

Corp.

\*

(Specialty

Retail)

The

ONE

Group

Hospitality,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

The

Pennant

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

820

The

Real

Brokerage,

Inc.

\*

(Real

Estate

Management

&

Development)

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Small-Cap

ProFund

Common

Stocks

(71.8%),

continued

Shares

Value

The

RealReal,

Inc.

\*

(Specialty

Retail)

$

574

The

RMR

Group,

Inc.

\*

-

Class

A

(Real

Estate

Management

&

Development)

The

Shyft

Group,

Inc.

(Machinery)

The

Simply

Good

Foods

Co.

\*

(Food

Products)

3,250

The

St.

Joe

Co.

(Real

Estate

Management

&

Development)

1,481

The

Vita

Coco

Co.,

Inc.

\*

(Beverages)

1,256

The

York

Water

Co.

\*

(Water

Utilities)

Theravance

Biopharma,

Inc.

\*

(Pharmaceuticals)

Thermon

Group

Holdings,

Inc.

\*

(Electrical

Equipment)

866

Third

Coast

Bancshares,

Inc.

\*

(Banks)

Third

Harmonic

Bio,

Inc.

\*

(Pharmaceuticals)

ThredUp,

Inc.

\*

-

Class

A

(Specialty

Retail)

Thryv

Holdings,

Inc.

\*

(Media)

507

Tidewater,

Inc.

\*

(Energy

Equipment

&

Services)

1,737

Tile

Shop

Holdings,

Inc.

\*

(Specialty

Retail)

Tilly's,

Inc.

\*(a)

-

Class

A

(Specialty

Retail)

Timberland

Bancorp,

Inc./WA

\*

(Banks)

TimkenSteel

Corp.

\*

(Metals

&

Mining)

506

Tiptree,

Inc.

\*

(Insurance)

558

Titan

International,

Inc.

\*

(Machinery)

Titan

Machinery,

Inc.

\*

(Trading

Companies

&

Distributors)

Tompkins

Financial

Corp.

\*

(Banks)

715

Topgolf

Callaway

Brands

Corp.

\*

(Leisure

Products)

912

Torrid

Holdings,

Inc.

\*

(Specialty

Retail)

Tourmaline

Bio,

Inc.

\*

(Biotechnology)

TowneBank

\*

(Banks)

2,274

Townsquare

Media,

Inc.

\*

-

Class

A

(Media)

TPG

RE

Finance

Trust,

Inc.

\*

(Mortgage

REITs)

TPI

Composites,

Inc.

\*

(Electrical

Equipment)

Traeger,

Inc.

\*

(Household

Durables)

Transcat,

Inc.

\*

(Trading

Companies

&

Distributors)

714

Transcontinental

Realty

Investors,

Inc.

\*

(Real

Estate

Management

&

Development)

TransMedics

Group,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

2,944

Transocean,

Ltd.

\*

(Energy

Equipment

&

Services)

711

1,514

Travere

Therapeutics,

Inc.

\*

(Biotechnology)

1,706

Treace

Medical

Concepts,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Tredegar

Corp.

\*

(Metals

&

Mining)

TreeHouse

Foods,

Inc.

\*

(Food

Products)

1,048

Trevi

Therapeutics,

Inc.

\*

(Pharmaceuticals)

504

Tri

Pointe

Homes,

Inc.

\*

(Household

Durables)

2,768

TriCo

Bancshares

(Banks)

1,196

TriMas

Corp.

\*

(Containers

&

Packaging)

962

TriNet

Group,

Inc.

(Professional

Services)

2,428

Trinity

Industries,

Inc.

(Machinery)

2,008

Triumph

Financial,

Inc.

\*

(Banks)

1,175

Triumph

Group,

Inc.

\*

(Aerospace

&

Defense)

1,829

Tronox

Holdings

PLC

\*

-

Class

A

(Chemicals)

628

TrueBlue,

Inc.

\*

(Professional

Services)

TrueCar,

Inc.

\*

(Interactive

Media

&

Services)

Trupanion,

Inc.

\*

(Insurance)

1,171

TrustCo

Bank

Corp.

(Banks)

548

Trustmark

Corp.

(Banks)

1,979

TScan

Therapeutics,

Inc.

\*

(Biotechnology)

TTEC

Holdings,

Inc.

\*

(Professional

Services)

TTM

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,962

Tucows,

Inc.

\*

-

Class

A

(IT

Services)

Turning

Point

Brands,

Inc.

(Tobacco)

1,043

Common

Stocks

(71.8%),

continued

Shares

Value

Turtle

Beach

Corp.

\*

(Technology

Hardware,

Storage

&

Peripherals)

$

Tutor

Perini

Corp.

\*

(Construction

&

Engineering)

901

Twin

Disc,

Inc.

\*

(Machinery)

Twist

Bioscience

Corp.

\*

(Biotechnology)

2,223

Two

Harbors

Investment

Corp.

(Mortgage

REITs)

1,199

TXNM

Energy,

Inc.

(Electric

Utilities)

4,682

Tyra

Biosciences,

Inc.

\*

(Biotechnology)

U.S.

Physical

Therapy,

Inc.

(Health

Care

Providers

&

Services)

1,067

Udemy,

Inc.

\*

(Diversified

Consumer

Services)

611

UFP

Industries,

Inc.

(Building

Products)

5,733

UFP

Technologies,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,460

Ultra

Clean

Holdings,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

804

Ultralife

Corp.

\*

(Electrical

Equipment)

UMB

Financial

Corp.

(Banks)

6,243

UMH

Properties,

Inc.

\*

(Residential

REITs)

1,237

UniFirst

Corp.

(Commercial

Services

&

Supplies)

2,677

Unisys

Corp.

\*

(IT

Services)

United

Bankshares,

Inc.

(Banks)

4,423

United

Community

Banks,

Inc.

(Banks)

3,230

United

Fire

Group,

Inc.

(Insurance)

553

United

Homes

Group,

Inc.

\*

(Household

Durables)

United

Insurance

Holdings

Corp.

\*

(Insurance)

United

Natural

Foods,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

1,522

United

States

Lime

&

Minerals,

Inc.

(Construction

Materials)

935

Uniti

Group,

Inc.

(Specialized

REITs)

1,166

Unitil

Corp.

(Multi-Utilities)

939

Unity

Bancorp,

Inc.

\*

(Banks)

Universal

Corp.

\*

(Tobacco)

1,341

Universal

Health

Realty

Income

Trust

(Health

Care

REITs)

Universal

Insurance

Holdings,

Inc.

\*

(Insurance)

558

Universal

Logistics

Holdings,

Inc.

\*

(Ground

Transportation)

Universal

Technical

Institute,

Inc.

\*

(Diversified

Consumer

Services)

1,263

Univest

Financial

Corp.

\*

(Banks)

827

Upbound

Group,

Inc.

(Specialty

Retail)

1,035

Upstart

Holdings,

Inc.

\*

(Consumer

Finance)

3,729

Upstream

Bio,

Inc.

\*

(Biotechnology)

Upwork,

Inc.

\*

(Professional

Services)

1,591

Uranium

Energy

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

2,105

Urban

Edge

Properties

(Retail

REITs)

2,223

Urban

Outfitters,

Inc.

\*

(Specialty

Retail)

3,272

Ur-Energy,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

UroGen

Pharma,

Ltd.

\*

(Biotechnology)

USANA

Health

Sciences,

Inc.

\*

(Personal

Care

Products)

USCB

Financial

Holdings,

Inc.

\*

(Banks)

Utah

Medical

Products,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Utz

Brands,

Inc.

(Food

Products)

851

V2X,

Inc.

\*

(Aerospace

&

Defense)

796

VAALCO

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

Valaris,

Ltd.

\*

(Energy

Equipment

&

Services)

1,939

Valhi,

Inc.

\*

(Chemicals)

Valley

National

Bancorp

(Banks)

3,973

Value

Line,

Inc.

\*

(Capital

Markets)

Vanda

Pharmaceuticals,

Inc.

\*

(Biotechnology)

Varex

Imaging

Corp.

\*

(Health

Care

Equipment

&

Supplies)

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Small-Cap

ProFund

Common

Stocks

(71.8%),

continued

Shares

Value

Varonis

Systems,

Inc.

\*

(Software)

$

4,584

Vaxcyte,

Inc.

\*

(Biotechnology)

4,337

Veeco

Instruments,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,010

Velocity

Financial,

Inc.

\*

(Financial

Services)

Ventyx

Biosciences,

Inc.

\*

(Pharmaceuticals)

Vera

Bradley,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

Vera

Therapeutics,

Inc.

\*

(Biotechnology)

1,028

Veracyte,

Inc.

\*

(Biotechnology)

2,318

Verastem,

Inc.

\*

(Biotechnology)

Verde

Clean

Fuels,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

Vericel

Corp.

\*

(Biotechnology)

1,825

Verint

Systems,

Inc.

\*

(Software)

1,058

Veritex

Holdings,

Inc.

(Banks)

1,187

Verra

Mobility

Corp.

\*

-

Class

A

(Professional

Services)

3,510

Verrica

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

Vertex,

Inc.

\*

-

Class

A

(Software)

2,162

Veru,

Inc.

\*

(Personal

Care

Products)

Verve

Therapeutics,

Inc.

\*

(Biotechnology)

Viad

Corp.

\*

(Commercial

Services

&

Supplies)

586

Viant

Technology,

Inc.

\*

-

Class

A

(Software)

Viasat,

Inc.

\*

(Communications

Equipment)

1,122

Viavi

Solutions,

Inc.

\*

(Communications

Equipment)

2,275

Vicor

Corp.

\*

(Electrical

Equipment)

878

Victoria's

Secret

&

Co.

\*

(Specialty

Retail)

1,429

Victory

Capital

Holdings,

Inc.

-

Class

A

(Capital

Markets)

2,292

Viemed

Healthcare,

Inc.

\*

(Health

Care

Providers

&

Services)

Village

Super

Market,

Inc.

\*

-

Class

A

(Consumer

Staples

Distribution

&

Retail)

Vimeo,

Inc.

\*

(Interactive

Media

&

Services)

716

Vir

Biotechnology,

Inc.

\*

(Biotechnology)

539

Virco

Mfg.

Corp.

\*

(Commercial

Services

&

Supplies)

Virgin

Galactic

Holdings,

Inc.

\*

(Aerospace

&

Defense)

Virginia

National

Bankshares

Corp.

\*

(Banks)

Viridian

Therapeutics,

Inc.

\*

(Biotechnology)

989

VirTra,

Inc.

\*

(Aerospace

&

Defense)

Virtus

Investment

Partners,

Inc.

(Capital

Markets)

922

Vishay

Intertechnology,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

1,572

Vishay

Precision

Group,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

Visteon

Corp.

\*

(Automobile

Components)

2,138

Vital

Energy,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

Vital

Farms,

Inc.

\*

(Food

Products)

1,130

Vitesse

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

511

Vivid

Seats,

Inc.

\*

-

Class

A

(Entertainment)

Voyager

Therapeutics,

Inc.

\*

(Biotechnology)

VSE

Corp.

(Commercial

Services

&

Supplies)

1,947

W&T

Offshore,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

Wabash

National

Corp.

(Machinery)

WaFd,

Inc.

\*

(Banks)

524

Waldencast

PLC

\*

-

Class

A

(Personal

Care

Products)

Walker

&

Dunlop,

Inc.

(Financial

Services)

2,373

Warby

Parker,

Inc.

\*

-

Class

A

(Specialty

Retail)

1,420

Warrior

Met

Coal,

Inc.

(Metals

&

Mining)

2,439

Washington

Federal,

Inc.

(Banks)

2,254

Waterstone

Financial,

Inc.

(Financial

Services)

Watts

Water

Technologies,

Inc.

-

Class

A

(Machinery)

5,609

WaVe

Life

Sciences,

Ltd.

\*

(Pharmaceuticals)

726

Waystar

Holding

Corp.

\*

(Health

Care

Technology)

2,862

Co.

(Household

Products)

2,968

Weave

Communications,

Inc.

\*

(Software)

Common

Stocks

(71.8%),

continued

Shares

Value

WEBTOON

Entertainment,

Inc.

\*

(Interactive

Media

&

Services)

$

Weis

Markets,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

1,376

Werewolf

Therapeutics,

Inc.

\*

(Biotechnology)

Werner

Enterprises,

Inc.

(Ground

Transportation)

1,480

WesBanco,

Inc.

(Banks)

2,502

West

Bancorp,

Inc.

\*

(Banks)

Westamerica

Bancorp

\*

(Banks)

1,211

Westrock

Coffee

Co.

\*

(Food

Products)

Weyco

Group,

Inc.

\*

(Distributors)

Wheels

Up

Experience,

Inc.

\*

(Passenger

Airlines)

Whitestone

REIT

(Retail

REITs)

626

WideOpenWest,

Inc.

\*

(Media)

Willdan

Group,

Inc.

\*

(Professional

Services)

Willis

Lease

Finance

Corp.

(Trading

Companies

&

Distributors)

Winmark

Corp.

(Specialty

Retail)

1,080

Winnebago

Industries,

Inc.

(Automobiles)

859

WisdomTree,

Inc.

(Capital

Markets)

1,140

WK

Kellogg

Co.

(Food

Products)

1,148

WM

Technology,

Inc.

\*

(Software)

WNS

Holdings,

Ltd.

\*

(Professional

Services)

2,542

Wolverine

World

Wide,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

1,005

Workiva,

Inc.

\*

(Software)

3,764

World

Acceptance

Corp.

\*

(Consumer

Finance)

World

Kinect

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,405

Worthington

Enterprises,

Inc.

(Household

Durables)

1,570

Worthington

Steel,

Inc.

(Metals

&

Mining)

821

WSFS

Financial

Corp.

(Banks)

2,938

X4

Pharmaceuticals,

Inc.

\*

(Biotech

&

Pharma)

XBiotech,

Inc.

\*

(Biotechnology)

Xencor,

Inc.

\*

(Biotechnology)

727

Xenia

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

1,057

Xeris

Biopharma

Holdings,

Inc.

\*

(Pharmaceuticals)

626

Xerox

Holdings

Corp.

(Technology

Hardware,

Storage

&

Peripherals)

XOMA

Royalty

Corp.

\*

(Biotechnology)

Xometry,

Inc.

\*

-

Class

A

(Trading

Companies

&

Distributors)

1,103

XPEL,

Inc.

\*

(Automobile

Components)

716

Xperi,

Inc.

\*

(Software)

Xponential

Fitness,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

Yelp,

Inc.

\*

(Interactive

Media

&

Services)

2,175

Yext,

Inc.

\*

(Software)

707

Y-mAbs

Therapeutics,

Inc.

\*

(Biotechnology)

Zenas

Biopharma,

Inc.

\*

(Biotechnology)

Zentalis

Pharmaceuticals,

Inc.

\*

(Biotechnology)

Zeta

Global

Holdings

Corp.

\*

-

Class

A

(Software)

2,272

Zevra

Therapeutics,

Inc.

\*

(Pharmaceuticals)

Ziff

Davis,

Inc.

\*

(Interactive

Media

&

Services)

1,211

Zimvie,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

ZipRecruiter,

Inc.

\*

(Interactive

Media

&

Services)

Zspace,

Inc.

\*

(Software)

Zumiez,

Inc.

\*

(Specialty

Retail)

Zura

Bio,

Ltd.

\*

(Biotechnology)

Zurn

Elkay

Water

Solutions

Corp.

(Building

Products)

4,754

Zymeworks,

Inc.

\*

(Biotechnology)

690

Zynex,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,427,748)

2,268,471

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Small-Cap

ProFund

Rights

(0

.0

%)

Shares

Value

Cartesian

Therapeutics,

Inc.

\*†CVR

(Health

Care)

–

Chinook

Therapeutics

\*†CVR

(Health

Care)

–

TOTAL

RIGHTS

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

$–)

–

Trust

(0.0%)

Interest

Units

Value

Ferroglobe

Representation

and

Warranty

Insurance

\*†

(Metals

&

Mining)

$

–

TOTAL

TRUST

(Cost

$–)

$

–

Repurchase

Agreements

(c) (d) (21

.3

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$671,079

$

671,000

671,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$671,000)

671,000

Collateral

for

Securities

Loaned

(e) (0

.6

%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 4.37%

(f) 19,602

19,602

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $19,602)

19,602

TOTAL

INVESTMENT

SECURITIES

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

$2,118,350)— 93.7%

$

2,959,073

Net

other

assets

(liabilities)

—

.3

%

198,292

NET

ASSETS

—

100.0%

$

3,157,365

\*

Non-income

producing

security.

†

These

securities

were

fair

valued

based

on

procedures

approved

by

the

Board

of

Trustees.

As

of

April

30,

2025,

these

securities

represented

0.0%

of

the

net

assets

of

the

Fund.

(a) All

or

part

of

this

security

was

on

loan

as

of

April

30,

2025. The

total

value

of

securities

on

loan

as

of

April

30,

2025

was

$18,720.

(b) Number

of

shares

is

less

than

0.50. (c) The

ProFund

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) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$53,000.

(e) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

April

30,

2025. (f) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

April

30,

2025. CVR

Contingent

Value

Rights

REIT

Real

Estate

Investment

Trust

Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

E-Mini

Russell

2000

Index

Futures

Contracts

6/23/25

$

393,960

$

(13,867)

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

5/27/25

4.88%

$

447,819

$

12,827

Russell

2000

Index

UBS

AG

5/27/25

5.03%

45,175

(39)

$492,994

$12,788

(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

April

30,

2025,

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).

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Small-Cap

ProFund

Small-Cap

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

37,526

1.2%

Air

Freight

&

Logistics

2,390

0.1%

Asset

Management

NM

Automobile

Components

24,816

0.8%

Automobiles

891

0.1%

Banks

243,088

7.7%

Beverages

9,028

0.3%

Biotech

&

Pharma

NM

Biotechnology

199,335

6.3%

Broadline

Retail

702

NM

Building

Products

32,136

1.0%

Capital

Markets

41,243

1.3%

Chemicals

35,915

1.1%

Commercial

Services

&

Supplies

45,013

1.4%

Communications

Equipment

14,140

0.4%

Construction

&

Engineering

38,701

1.2%

Construction

Materials

6,191

0.2%

Consumer

Finance

21,955

0.7%

Consumer

Staples

Distribution

&

Retail

27,904

0.9%

Containers

&

Packaging

5,493

0.2%

Distributors

882

NM

Diversified

Consumer

Services

28,738

0.9%

Diversified

Telecommunication

Services

11,783

0.4%

Electric

Utilities

21,051

0.7%

Electrical

Equipment

27,813

0.9%

Electronic

Equipment,

Instruments

&

Components

68,302

2.2%

Energy

Equipment

&

Services

38,318

1.2%

Entertainment

12,249

0.4%

Equity

REIT

-

Diversified

15,313

0.5%

Financial

Services

66,908

2.1%

Food

Products

23,074

0.7%

Gas

&

Water

Utilities

4,380

0.1%

Gas

Utilities

22,281

0.7%

Ground

Transportation

8,054

0.3%

Health

Care

Equipment

&

Supplies

62,582

2.0%

Health

Care

Providers

&

Services

69,535

2.2%

Health

Care

REITs

21,071

0.7%

Health

Care

Technology

10,051

0.3%

Hotel

&

Resort

REITs

15,021

0.5%

Hotels,

Restaurants

&

Leisure

44,264

1.4%

Household

Durables

44,791

1.4%

Household

Products

7,063

0.2%

Independent

Power/Renewable

Electricity

Producers

4,220

0.1%

Industrial

Conglomerates

656

NM

Industrial

REITs

9,855

0.3%

Institutional

Financial

Services

NM

Insurance

52,437

1.7%

Interactive

Media

&

Services

12,355

0.4%

IT

Services

10,860

0.3%

Leisure

Products

8,033

0.3%

Life

Sciences

Tools

&

Services

5,341

0.2%

Machinery

87,353

2.8%

Marine

Transportation

5,825

0.2%

Media

16,467

0.5%

Medical

Equipment

&

Devices

NM

Metals

&

Mining

39,849

1.3%

Mortgage

REITs

22,031

0.7%

Multi-Utilities

11,888

0.4%

Office

REITs

14,613

0.4%

Oil

&

Gas

Producers

NM

Oil

&

Gas

Services

&

Equipment

NM

Oil,

Gas

&

Consumable

Fuels

61,640

2.0%

Paper

&

Forest

Products

2,457

0.1%

Value

%

of

Net

Assets

Passenger

Airlines

$

8,905

0.3%

Personal

Care

Products

5,771

0.2%

Pharmaceuticals

41,505

1.3%

Professional

Services

52,177

1.6%

Real

Estate

Management

&

Development

15,290

0.5%

Residential

REITs

11,122

0.3%

Retail

REITs

29,522

1.0%

Semiconductors

&

Semiconductor

Equipment

46,377

1.5%

Software

137,274

4.3%

Specialized

REITs

10,430

0.3%

Specialty

Retail

44,524

1.4%

Technology

Hardware,

Storage

&

Peripherals

8,523

0.3%

Telecommunications

923

NM

Textiles,

Apparel

&

Luxury

Goods

9,980

0.3%

Tobacco

2,436

0.1%

Trading

Companies

&

Distributors

51,030

1.6%

Transportation

&

Logistics

1,369

NM

Transportation

Infrastructure

NM

Water

Utilities

10,155

0.3%

Wireless

Telecommunication

Services

4,342

0.1%

Other

\*\*

888,894

.2

%

Total

$

3,157,365

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.

NM

Not

meaningful,

amount

is

less

than

0.05%

REIT

Real

Estate

Investment

Trust

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Small-Cap

Value

ProFund

Common

Stocks

(99.4%)

Shares

Value

A10

Networks,

Inc.

\*

(Software)

$

1,829

AAR

Corp.

\*

(Aerospace

&

Defense)

7,003

ABM

Industries,

Inc.

(Commercial

Services

&

Supplies)

11,404

Academy

Sports

&

Outdoors,

Inc.

(Specialty

Retail)

9,797

ACADIA

Pharmaceuticals,

Inc.

(Biotechnology)

2,088

Acadia

Realty

Trust

(Retail

REITs)

2,674

Acushnet

Holdings

Corp.

(Leisure

Products)

2,914

AdaptHealth

Corp.

\*

(Health

Care

Providers

&

Services)

3,404

Addus

HomeCare

Corp.

\*

(Health

Care

Providers

&

Services)

2,718

Adeia,

Inc.

(Software)

3,176

Adient

PLC

\*

(Automobile

Components)

3,985

Advance

Auto

Parts,

Inc.

(Specialty

Retail)

7,264

Advanced

Energy

Industries,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

6,916

AdvanSix,

Inc.

(Chemicals)

2,142

Air

Lease

Corp.

(Trading

Companies

&

Distributors)

18,190

Alamo

Group,

Inc.

(Machinery)

3,674

Alarm.com

Holdings,

Inc.

\*

(Software)

3,966

Albany

International

Corp.

(Machinery)

3,814

Alexander

&

Baldwin,

Inc.

(Equity

REIT

-

Diversified)

4,690

Alkermes

PLC

\*

(Biotechnology)

6,272

Allegiant

Travel

Co.

(Passenger

Airlines)

2,487

Alpha

and

Omega

Semiconductor,

Ltd.

\*

(Semiconductors

&

Semiconductor

Equipment)

885

Alpha

Metallurgical

Resources,

Inc.

\*

(Metals

&

Mining)

1,820

Amentum

Holdings,

Inc.

\*

(Technology

Services)

539

11,761

American

Assets

Trust,

Inc.

(Equity

REIT

-

Diversified)

1,349

American

Axle

&

Manufacturing

Holdings,

Inc.

\*

(Automobile

Components)

1,688

American

Eagle

Outfitters,

Inc.

(Specialty

Retail)

655

6,897

American

States

Water

Co.

(Water

Utilities)

5,678

American

Woodmark

Corp.

\*

(Building

Products)

3,245

Ameris

Bancorp

(Banks)

7,384

AMERISAFE,

Inc.

(Insurance)

1,813

AMN

Healthcare

Services,

Inc.

\*

(Health

Care

Providers

&

Services)

2,921

Amphastar

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

1,245

Angi,

Inc.

\*

(Interactive

Media

&

Services)

1,891

Apollo

Commercial

Real

Estate

Finance,

Inc.

(Mortgage

REITs)

4,488

Apple

Hospitality

REIT,

Inc.

(Hotel

&

Resort

REITs)

5,014

Arbor

Realty

Trust,

Inc.

(a) (Mortgage

REITs)

706

8,140

ArcBest

Corp.

(Ground

Transportation)

5,091

Arcosa,

Inc.

(Construction

&

Engineering)

5,285

Arlo

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,602

Armada

Hoffler

Properties,

Inc.

(Equity

REIT

-

Diversified)

731

ARMOUR

Residential

REIT,

Inc.

(Mortgage

REITs)

4,710

Arrowhead

Pharmaceuticals,

Inc.

\*

(Biotechnology)

4,000

Artisan

Partners

Asset

Management,

Inc.

-

Class

A

(Capital

Markets)

4,992

Asbury

Automotive

Group,

Inc.

\*

(Specialty

Retail)

15,705

Assured

Guaranty,

Ltd.

(Insurance)

7,983

Astec

Industries,

Inc.

(Machinery)

3,116

Atlantic

Union

Bankshares

Corp.

(Banks)

13,463

Avanos

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

2,171

Avista

Corp.

(Multi-Utilities)

12,276

Axcelis

Technologies,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,400

Azenta,

Inc.

\*

(Life

Sciences

Tools

&

Services)

2,291

B&G

Foods,

Inc.

(Food

Products)

2,060

Banc

of

California,

Inc.

(Banks)

517

6,969

Bank

of

Hawaii

Corp.

(Banks)

5,289

BankUnited,

Inc.

(Banks)

4,907

Common

Stocks

(99.4%),

continued

Shares

Value

Banner

Corp.

(Banks)

$

3,791

Benchmark

Electronics,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

1,887

Berkshire

Hills

Bancorp,

Inc.

(Banks)

4,246

BGC

Group,

Inc.

-

Class

A

(Capital

Markets)

630

5,708

BJ's

Restaurants,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

2,863

Blackstone

Mortgage

Trust,

Inc.

-

Class

A

(Mortgage

REITs)

643

12,250

Bloomin'

Brands,

Inc.

(Hotels,

Restaurants

&

Leisure)

2,286

Boise

Cascade

Co.

(Trading

Companies

&

Distributors)

13,339

BorgWarner,

Inc.

(Automobile

Components)

819

23,244

Brady

Corp.

-

Class

A

(Commercial

Services

&

Supplies)

4,147

Brandywine

Realty

Trust

(Office

REITs)

648

2,566

Bread

Financial

Holdings,

Inc.

(Consumer

Finance)

8,683

Bristow

Group,

Inc.

\*

(Energy

Equipment

&

Services)

2,672

Brookline

Bancorp,

Inc.

(Banks)

3,497

Cable

One,

Inc.

(Media)

4,544

Caleres,

Inc.

(Specialty

Retail)

1,920

California

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

9,213

California

Water

Service

Group

(Water

Utilities)

11,294

Calix,

Inc.

\*

(Communications

Equipment)

5,400

Capitol

Federal

Financial,

Inc.

(Banks)

2,608

CareTrust

REIT,

Inc.

(Health

Care

REITs)

10,449

Cars.com,

Inc.

\*

(Interactive

Media

&

Services)

1,455

Carter's,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

4,428

Cathay

General

Bancorp

(Banks)

5,503

Celanese

Corp.

(Chemicals)

18,160

Centerspace

(Residential

REITs)

1,630

Central

Garden

&

Pet

Co.

\*

(Household

Products)

1,141

Central

Garden

&

Pet

Co.

\*

-

Class

A

(Household

Products)

5,559

Central

Pacific

Financial

Corp.

(Banks)

976

Century

Communities,

Inc.

(Household

Durables)

5,618

Certara,

Inc.

\*

(Health

Care

Technology)

5,669

CEVA,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,179

Chesapeake

Utilities

Corp.

(Gas

Utilities)

4,872

Clearway

Energy,

Inc.

-

Class

A

(Independent

Power/

Renewable

Electricity

Producers)

3,556

Clearway

Energy,

Inc.

-

Class

C

(Independent

Power/

Renewable

Electricity

Producers)

9,095

Cohu,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,784

Community

Financial

System,

Inc.

(Banks)

3,821

Comstock

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

3,033

Concentra

Group

Holdings

Parent,

Inc.

(Health

Care

Providers

&

Services)

5,198

CONMED

Corp.

(Health

Care

Equipment

&

Supplies)

5,697

Core

Laboratories,

Inc.

(Energy

Equipment

&

Services)

1,046

CoreCivic,

Inc.

\*

(Commercial

Services

&

Supplies)

4,370

Corsair

Gaming,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

1,204

Cracker

Barrel

Old

Country

Store,

Inc.

(Hotels,

Restaurants

&

Leisure)

3,544

Crescent

Energy

Co.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

685

5,672

CSG

Systems

International,

Inc.

(Professional

Services)

3,007

CTS

Corp.

(Electronic

Equipment,

Instruments

&

Components)

1,676

Cushman

&

Wakefield

PLC

\*

(Real

Estate

Management

&

Development)

861

8,068

Customers

Bancorp,

Inc.

\*

(Banks)

5,450

CVB

Financial

Corp.

(Banks)

5,414

CVR

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

2,433

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Small-Cap

Value

ProFund

Common

Stocks

(99.4%),

continued

Shares

Value

Cytek

Biosciences,

Inc.

\*

(Life

Sciences

Tools

&

Services)

$

1,458

Dana,

Inc.

(Automobile

Components)

6,636

Deluxe

Corp.

(Commercial

Services

&

Supplies)

2,424

Digi

International,

Inc.

\*

(Communications

Equipment)

1,523

Dime

Community

Bancshares,

Inc.

(Banks)

3,751

Diodes,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

6,605

DNOW,

Inc.

\*

(Trading

Companies

&

Distributors)

2,698

Donnelley

Financial

Solutions,

Inc.

\*

(Capital

Markets)

2,747

Dorian

LPG,

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

2,913

DoubleVerify

Holdings,

Inc.

\*

(Software)

3,076

Douglas

Emmett,

Inc.

(Office

REITs)

3,637

DXC

Technology

Co.

\*

(IT

Services)

678

10,522

Dynavax

Technologies

Corp.

\*

(Biotechnology)

3,196

Eagle

Bancorp,

Inc.

(Banks)

2,028

Easterly

Government

Properties,

Inc.

(Office

REITs)

3,001

Edgewell

Personal

Care

Co.

(Personal

Care

Products)

5,499

Element

Solutions,

Inc.

(Chemicals)

9,185

Ellington

Financial,

Inc.

(Mortgage

REITs)

4,417

Elme

Communities

(Residential

REITs)

2,102

Embecta

Corp.

(Health

Care

Equipment

&

Supplies)

2,657

Employers

Holdings,

Inc.

(Insurance)

2,089

Enact

Holdings,

Inc.

\*

(Financial

Services)

3,042

Encore

Capital

Group,

Inc.

\*

(Consumer

Finance)

3,062

Energizer

Holdings,

Inc.

(Household

Products)

3,840

Enovis

Corp.

\*

(Health

Care

Equipment

&

Supplies)

7,402

Enpro,

Inc.

(Machinery)

4,482

Enviri

Corp.

\*

(Commercial

Services

&

Supplies)

2,075

ePlus,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,180

Ethan

Allen

Interiors,

Inc.

(Household

Durables)

2,445

Etsy,

Inc.

\*

(Broadline

Retail)

9,391

EVERTEC,

Inc.

(Financial

Services)

2,817

Everus

Contruction

Group,

Inc.

\*

(Construction

&

Engineering)

3,984

eXp

World

Holdings,

Inc.

(Real

Estate

Management

&

Development)

2,904

Extreme

Networks,

Inc.

\*

(Communications

Equipment)

3,422

EZCORP,

Inc.

\*

-

Class

A

(Consumer

Finance)

3,225

FB

Financial

Corp.

(Banks)

3,022

First

Bancorp

(Banks)

4,674

First

Bancorp

(Banks)

6,231

First

Commonwealth

Financial

Corp.

(Banks)

3,095

First

Financial

Bancorp

(Banks)

4,399

First

Hawaiian,

Inc.

(Banks)

6,195

FMC

Corp.

(Chemicals)

19,576

Foot

Locker,

Inc.

(Specialty

Retail)

3,804

FormFactor,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

4,474

Fortrea

Holdings,

Inc.

\*

(Life

Sciences

Tools

&

Services)

2,100

Forward

Air

Corp.

(Air

Freight

&

Logistics)

692

Four

Corners

Property

Trust,

Inc.

(Specialized

REITs)

4,779

Fox

Factory

Holding

Corp.

\*

(Automobile

Components)

3,168

Franklin

BSP

Reality

Trust,

Inc.

(Mortgage

REITs)

3,551

Franklin

Electric

Co.,

Inc.

(Machinery)

4,758

Fresh

Del

Monte

Produce,

Inc.

(Food

Products)

4,286

Fulton

Financial

Corp.

(Banks)

6,038

Gates

Industrial

Corp.

PLC

\*

(Machinery)

5,487

Gentherm,

Inc.

\*

(Automobile

Components)

3,017

Genworth

Financial,

Inc.

\*

(Insurance)

1,598

10,962

Getty

Realty

Corp.

(Retail

REITs)

3,023

Gibraltar

Industries,

Inc.

\*

(Building

Products)

6,036

G-III

Apparel

Group,

Ltd.

\*

(Textiles,

Apparel

&

Luxury

Goods)

3,632

Common

Stocks

(99.4%),

continued

Shares

Value

Global

Net

Lease,

Inc.

(Equity

REIT

-

Diversified)

743

$

5,610

GMS,

Inc.

\*

(Trading

Companies

&

Distributors)

3,736

Gogo,

Inc.

\*

(Wireless

Telecommunication

Services)

924

Golden

Entertainment,

Inc.

ARS

(Hotels,

Restaurants

&

Leisure)

1,979

Grid

Dynamics

Holdings,

Inc.

\*

(IT

Services)

1,119

Grocery

Outlet

Holding

Corp.

\*

(Consumer

Staples

Distribution

&

Retail)

6,128

Group

Automotive,

Inc.

(Specialty

Retail)

10,091

Guess?,

Inc.

(Specialty

Retail)

1,159

H.B.

Fuller

Co.

(Chemicals)

11,024

HA

Sustainable

Infrastructure

Capital,

Inc.

(Financial

Services)

5,121

Hanesbrands,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

623

2,860

Hanmi

Financial

Corp.

(Banks)

2,561

Harmonic,

Inc.

\*

(Communications

Equipment)

1,949

Hayward

Holdings,

Inc.

\*

(Building

Products)

533

7,105

Healthcare

Services

Group,

Inc.

\*

(Commercial

Services

&

Supplies)

3,922

HealthStream,

Inc.

(Health

Care

Technology)

1,278

Heartland

Express,

Inc.

(Ground

Transportation)

1,239

Heidrick

&

Struggles

International,

Inc.

(Professional

Services)

1,366

Helen

of

Troy,

Ltd.

\*

(Household

Durables)

2,396

Helix

Energy

Solutions

Group,

Inc.

\*

(Energy

Equipment

&

Services)

1,413

Helmerich

&

Payne,

Inc.

(Energy

Equipment

&

Services)

2,947

Heritage

Financial

Corp.

(Banks)

2,898

Hertz

Global

Holdings,

Inc.

\*(a)

(Ground

Transportation)

3,144

Highwoods

Properties,

Inc.

(Office

REITs)

4,437

Hillenbrand,

Inc.

(Machinery)

5,341

Hilltop

Holdings,

Inc.

(Banks)

5,050

HNI

Corp.

(Commercial

Services

&

Supplies)

3,638

Hope

Bancorp,

Inc.

(Banks)

4,736

Horace

Mann

Educators

Corp.

(Insurance)

6,314

Hub

Group,

Inc.

-

Class

A

(Air

Freight

&

Logistics)

7,171

IAC

Inc.

\*

(Interactive

Media

&

Services)

9,260

Ichor

Holdings,

Ltd.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,532

Independent

Bank

Corp.

(Banks)

9,395

Ingevity

Corp.

\*

(Chemicals)

2,177

Innospec,

Inc.

(Chemicals)

4,206

Innovative

Industrial

Properties,

Inc.

(Industrial

REITs)

1,847

Innovex

International,

Inc.

\*

(Energy

Equipment

&

Services)

2,190

Innoviva,

Inc.

\*

(Pharmaceuticals)

1,757

Insight

Enterprises,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

14,242

Insteel

Industries,

Inc.

(Building

Products)

2,442

Integra

LifeSciences

Holdings

Corp.

\*

(Health

Care

Equipment

&

Supplies)

4,081

International

Seaways,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

2,207

J

&

J

Snack

Foods

Corp.

(Food

Products)

3,369

Jack

in

the

Box,

Inc.

(Hotels,

Restaurants

&

Leisure)

1,823

Jackson

Financial,

Inc.

-

Class

A

(Financial

Services)

21,503

JBG

SMITH

Properties

(Office

REITs)

4,404

JetBlue

Airways

Corp.

\*

(Passenger

Airlines)

1,138

4,962

John

B. Sanfilippo

&

Son,

Inc.

(Food

Products)

2,253

John

Bean

Technologies

Corp.

(Machinery)

10,525

John

Wiley

&

Sons,

Inc.

-

Class

A

(Media)

2,706

Kaiser

Aluminum

Corp.

(Metals

&

Mining)

3,803

Kennametal,

Inc.

(Machinery)

5,668

Kennedy-Wilson

Holdings,

Inc.

(Real

Estate

Management

&

Development)

1,798

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Small-Cap

Value

ProFund

Common

Stocks

(99.4%),

continued

Shares

Value

KKR

Real

Estate

Finance

Trust,

Inc.

(Mortgage

REITs)

$

2,017

Knowles

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

5,163

Kohl's

Corp.

(a) (Broadline

Retail)

2,801

Koppers

Holdings,

Inc.

(Chemicals)

1,905

Korn

Ferry

(Professional

Services)

4,442

Kratos

Defense

&

Security

Solutions,

Inc.

\*

(Aerospace

&

Defense)

8,108

Kulicke

&

Soffa

Industries,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

6,414

Lakeland

Financial

Corp.

(Banks)

2,394

La-Z-Boy,

Inc.

(Household

Durables)

6,083

LCI

Industries

(Automobile

Components)

7,323

Leggett

&

Platt,

Inc.

(Household

Durables)

504

4,848

Lexington

Realty

Trust

(Industrial

REITs)

1,108

8,742

LGI

Homes,

Inc.

\*

(Household

Durables)

4,205

Liberty

Energy,

Inc.

(Energy

Equipment

&

Services)

3,151

Ligand

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

3,516

Lincoln

National

Corp.

(Insurance)

636

20,270

Lindsay

Corp.

(Machinery)

2,839

LiveRamp

Holdings,

Inc.

\*

(Software)

3,087

LTC

Properties,

Inc.

(Health

Care

REITs)

3,228

Lumen

Technologies,

Inc.

\*

(Diversified

Telecommunication

Services)

1,863

6,595

M/I

Homes,

Inc.

\*

(Household

Durables)

5,014

Mack-Cali

Realty

Corp.

\*

(Residential

REITs)

2,669

Magnolia

Oil

&

Gas

Corp.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

5,297

Marcus

&

Millichap,

Inc.

(Real

Estate

Management

&

Development)

2,736

MarineMax,

Inc.

\*

(Specialty

Retail)

1,610

Marten

Transport,

Ltd.

(Ground

Transportation)

2,786

Masterbrand,

Inc.

\*

(Building

Products)

5,796

Materion

Corp.

(Metals

&

Mining)

6,474

Matson,

Inc.

(Marine

Transportation)

4,800

Matthews

International

Corp.

\*

-

Class

A

(Commercial

Services

&

Supplies)

2,393

MaxLinear,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,897

MDU

Resources

Group,

Inc.

(Construction

&

Engineering)

762

13,060

Medical

Properties

Trust,

Inc.

(a) (Health

Care

REITs)

2,247

12,404

Mednax,

Inc.

\*

(Health

Care

Providers

&

Services)

4,070

Mercury

Systems,

Inc.

\*

(Aerospace

&

Defense)

9,451

Meritage

Homes

Corp.

(Household

Durables)

18,534

Mesa

Laboratories,

Inc.

(Life

Sciences

Tools

&

Services)

807

MGE

Energy,

Inc.

(Electric

Utilities)

4,521

MGP

Ingredients,

Inc.

(Beverages)

1,532

Middlesex

Water

Co.

(Water

Utilities)

2,083

MillerKnoll,

Inc.

(Commercial

Services

&

Supplies)

4,198

Millrose

Properties

Inc

\*

(Specialized

REITs)

11,244

Minerals

Technologies,

Inc.

(Chemicals)

6,139

Mister

Car

Wash,

Inc.

\*

(Diversified

Consumer

Services)

1,276

Moelis

&

Co.

-

Class

A

(Capital

Markets)

6,966

Monro,

Inc.

(Specialty

Retail)

1,575

MP

Materials

Corp.

\*

(Metals

&

Mining)

6,213

Mr.

Cooper

Group,

Inc.

\*

(Financial

Services)

28,325

MYR

Group,

Inc.

\*

(Construction

&

Engineering)

3,180

Myriad

Genetics,

Inc.

\*

(Biotechnology)

2,534

N-able,

Inc.

\*

(Software)

1,052

National

Bank

Holdings

Corp.

-

Class

A

(Banks)

2,820

National

Beverage

Corp.

(Beverages)

1,865

National

HealthCare

Corp.

(Health

Care

Providers

&

Services)

1,606

National

Presto

Industries,

Inc.

(Aerospace

&

Defense)

1,603

Common

Stocks

(99.4%),

continued

Shares

Value

National

Vision

Holdings,

Inc.

\*

(Specialty

Retail)

$

3,631

Navient

Corp.

(Consumer

Finance)

3,442

NBT

Bancorp,

Inc.

(Banks)

4,192

NCR

Atleos

Corp.

\*

(Financial

Services)

4,216

NCR

Voyix

Corp.

\*

(Software)

547

4,688

Neogen

Corp.

\*

(Health

Care

Equipment

&

Supplies)

740

3,737

NeoGenomics,

Inc.

\*

(Health

Care

Providers

&

Services)

1,701

NetScout

Systems,

Inc.

\*

(Communications

Equipment)

5,674

New

York

Mortgage

Trust,

Inc.

(Mortgage

REITs)

2,000

Newell

Brands,

Inc.

(Household

Durables)

1,558

7,447

Northwest

Bancshares,

Inc.

(Banks)

5,903

Northwest

Natural

Holding

Co.

(Gas

Utilities)

6,422

NV5

Global,

Inc.

\*

(Professional

Services)

3,654

OFG

Bancorp

(Banks)

2,715

O-I

Glass,

Inc.

\*

(Containers

&

Packaging)

577

7,305

Omnicell,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

5,377

Organon

&

Co.

(Pharmaceuticals)

964

12,464

Otter

Tail

Corp.

(Electric

Utilities)

6,827

Owens

&

Minor,

Inc.

\*

(Health

Care

Providers

&

Services)

1,956

Oxford

Industries,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

2,624

Pacific

Premier

Bancorp,

Inc.

(Banks)

7,343

Pacira

BioSciences,

Inc.

\*

(Pharmaceuticals)

4,627

Papa

John's

International,

Inc.

(Hotels,

Restaurants

&

Leisure)

4,247

Par

Pacific

Holdings,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

2,993

Park

National

Corp.

(Banks)

2,852

Patrick

Industries,

Inc.

(Automobile

Components)

5,004

Patterson-UTI

Energy,

Inc.

(Energy

Equipment

&

Services)

1,317

7,427

PC

Connection,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

2,792

Peabody

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

5,615

Pebblebrook

Hotel

Trust

(Hotel

&

Resort

REITs)

2,036

PENN

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

559

8,507

PennyMac

Mortgage

Investment

Trust

(Mortgage

REITs)

4,186

Perdoceo

Education

Corp.

(Diversified

Consumer

Services)

2,738

Phillips

Edison

&

Co.,

Inc.

(Retail

REITs)

9,091

Phinia,

Inc.

(Automobile

Components)

3,011

Photronics,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,503

Pitney

Bowes,

Inc.

(Commercial

Services

&

Supplies)

2,734

Plexus

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,918

PRA

Group,

Inc.

\*

(Consumer

Finance)

2,708

Premier,

Inc.

-

Class

A

(Health

Care

Providers

&

Services)

6,939

Prestige

Consumer

Healthcare,

Inc.

\*

(Pharmaceuticals)

6,011

PriceSmart,

Inc.

(Consumer

Staples

Distribution

&

Retail)

9,438

Privia

Health

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

2,818

ProAssurance

Corp.

\*

(Insurance)

4,433

Progyny,

Inc.

\*

(Health

Care

Providers

&

Services)

3,198

ProPetro

Holding

Corp.

\*

(Energy

Equipment

&

Services)

1,494

Proto

Labs,

Inc.

\*

(Machinery)

3,235

Provident

Financial

Services,

Inc.

(Banks)

7,972

Qorvo,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

25,084

Quaker

Chemical

Corp.

(Chemicals)

5,297

Quanex

Building

Products

Corp.

(Building

Products)

2,926

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Small-Cap

Value

ProFund

Common

Stocks

(99.4%),

continued

Shares

Value

QuidelOrtho

Corp.

\*

(Health

Care

Equipment

&

Supplies)

$

6,864

Radian

Group,

Inc.

(Financial

Services)

9,550

Ready

Capital

Corp.

(Mortgage

REITs)

632

2,812

Redwood

Trust,

Inc.

(Mortgage

REITs)

3,086

Renasant

Corp.

(Banks)

11,064

Resideo

Technologies,

Inc.

\*

(Building

Products)

552

9,262

REX

American

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

2,264

Robert

Half,

Inc.

(Professional

Services)

16,657

Rogers

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,894

RPC,

Inc.

\*

(Energy

Equipment

&

Services)

705

Rush

Enterprises,

Inc.

-

Class

A

(Trading

Companies

&

Distributors)

4,538

RXO,

Inc.

\*

(Ground

Transportation)

3,959

S&T

Bancorp,

Inc.

(Banks)

2,405

Safehold,

Inc.

(Specialized

REITs)

2,693

Safety

Insurance

Group,

Inc.

(Insurance)

4,208

Sally

Beauty

Holdings,

Inc.

\*

(Specialty

Retail)

3,118

Sandisk

Corp.

\*

(Semiconductors)

13,807

Sanmina

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

8,140

Saul

Centers,

Inc.

(Retail

REITs)

687

ScanSource,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

2,672

Schneider

National,

Inc.

-

Class

B

(Ground

Transportation)

3,804

Scholastic

Corp.

(Media)

1,695

Schrodinger,

Inc.

\*

(Health

Care

Technology)

2,512

Seacoast

Banking

Corp.

of

Florida

(Banks)

7,516

Sealed

Air

Corp.

(Containers

&

Packaging)

9,150

Select

Medical

Holdings

Corp.

(Health

Care

Providers

&

Services)

7,114

Sensient

Technologies

Corp.

(Chemicals)

7,046

Shenandoah

Telecommunications

Co.

(Diversified

Telecommunication

Services)

1,927

Shoe

Carnival,

Inc.

(Specialty

Retail)

1,164

Shutterstock,

Inc.

(Interactive

Media

&

Services)

1,452

Signet

Jewelers,

Ltd.

(Specialty

Retail)

9,607

Simmons

First

National

Corp.

-

Class

A

(Banks)

8,752

Simulations

Plus,

Inc.

(Health

Care

Technology)

927

SiriusPoint,

Ltd.

\*

(Insurance)

5,813

SITE

Centers

Corp.

(Retail

REITs)

2,119

SJW

Group

(Water

Utilities)

6,411

SL

Green

Realty

Corp.

(Office

REITs)

4,156

SM

Energy

Co.

(Oil,

Gas

&

Consumable

Fuels)

4,900

SMART

Global

Holdings,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

3,414

SolarEdge

Technologies,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,860

Sonic

Automotive,

Inc.

-

Class

A

(Specialty

Retail)

3,279

Sonos,

Inc.

\*

(Household

Durables)

4,117

Southside

Bancshares,

Inc.

(Banks)

3,016

SpartanNash

Co.

(Consumer

Staples

Distribution

&

Retail)

2,520

Sprinklr,

Inc.

\*

-

Class

A

(Software)

2,007

STAAR

Surgical

Co.

\*

(Health

Care

Equipment

&

Supplies)

1,461

Standard

Motor

Products,

Inc.

(Automobile

Components)

2,087

Standex

International

Corp.

(Machinery)

2,263

Stellar

Bancorp,

Inc.

(Banks)

4,443

Stepan

Co.

(Chemicals)

3,994

StepStone

Group,

Inc.

-

Class

A

(Capital

Markets)

5,301

Steven

Madden,

Ltd.

(Textiles,

Apparel

&

Luxury

Goods)

1,932

Common

Stocks

(99.4%),

continued

Shares

Value

Stewart

Information

Services

Corp.

(Insurance)

$

6,875

StoneX

Group,

Inc.

\*

(Capital

Markets)

6,642

Strategic

Education,

Inc.

(Diversified

Consumer

Services)

7,424

Sturm

Ruger

&

Co.,

Inc.

(Leisure

Products)

2,521

Summit

Hotel

Properties,

Inc.

(Hotel

&

Resort

REITs)

847

Sun

Country

Airlines

Holdings,

Inc.

\*

(Passenger

Airlines)

1,450

SunCoke

Energy,

Inc.

(Metals

&

Mining)

2,872

Sunrun,

Inc.

\*

(Electrical

Equipment)

841

5,795

Supernus

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

3,280

Talos

Energy,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

3,206

Tanger,

Inc.

(Retail

REITs)

4,285

TechTarget,

Inc.

\*

(Media)

TEGNA,

Inc.

(Media)

603

9,786

Teleflex,

Inc.

(Health

Care

Equipment

&

Supplies)

23,710

Telephone

and

Data

Systems,

Inc.

(Wireless

Telecommunication

Services)

13,683

Tennant

Co.

(Machinery)

5,051

Teradata

Corp.

\*

(Software)

5,032

Terreno

Realty

Corp.

(Industrial

REITs)

10,646

The

Andersons,

Inc.

(Consumer

Staples

Distribution

&

Retail)

4,525

The

Buckle,

Inc.

(Specialty

Retail)

1,912

The

Cheesecake

Factory,

Inc.

(a) (Hotels,

Restaurants

&

Leisure)

2,972

The

Chemours

Co.

\*

(Chemicals)

558

6,908

The

Macerich

Co.

(Retail

REITs)

4,618

The

Simply

Good

Foods

Co.

\*

(Food

Products)

6,681

Thryv

Holdings,

Inc.

\*

(Media)

1,315

TimkenSteel

Corp.

\*

(Metals

&

Mining)

1,784

Titan

International,

Inc.

\*

(Machinery)

1,330

Tompkins

Financial

Corp.

(Banks)

1,728

Tootsie

Roll

Industries,

Inc.

(Food

Products)

864

Topgolf

Callaway

Brands

Corp.

\*

(Leisure

Products)

531

3,510

TreeHouse

Foods,

Inc.

\*

(Food

Products)

3,936

Tri

Pointe

Homes,

Inc.

\*

(Household

Durables)

5,258

TripAdvisor,

Inc.

\*

(Interactive

Media

&

Services)

1,693

Triumph

Financial,

Inc.

\*

(Banks)

1,709

Triumph

Group,

Inc.

\*

(Aerospace

&

Defense)

2,946

TrustCo

Bank

Corp.

(Banks)

2,132

Trustmark

Corp.

(Banks)

7,649

TTM

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,664

Two

Harbors

Investment

Corp.

(Mortgage

REITs)

4,606

U.S.

Physical

Therapy,

Inc.

(Health

Care

Providers

&

Services)

2,062

Ultra

Clean

Holdings,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

3,161

UniFirst

Corp.

(Commercial

Services

&

Supplies)

5,533

United

Community

Banks,

Inc.

(Banks)

12,315

United

Fire

Group,

Inc.

(Insurance)

2,214

United

Natural

Foods,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

5,983

Uniti

Group,

Inc.

(Specialized

REITs)

2,386

Unitil

Corp.

(Multi-Utilities)

2,170

Universal

Corp.

\*

(Tobacco)

5,361

Universal

Health

Realty

Income

Trust

(Health

Care

REITs)

917

Upbound

Group,

Inc.

(Specialty

Retail)

3,801

Urban

Edge

Properties

(Retail

REITs)

3,397

Urban

Outfitters,

Inc.

\*

(Specialty

Retail)

6,122

USANA

Health

Sciences,

Inc.

\*

(Personal

Care

Products)

1,152

Veeco

Instruments,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

4,077

Veritex

Holdings,

Inc.

(Banks)

4,749

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Small-Cap

Value

ProFund

Common

Stocks

(99.4%),

continued

Shares

Value

Vestis

Corp.

(Commercial

Services

&

Supplies)

$

3,767

Viasat,

Inc.

\*

(Communications

Equipment)

2,976

Viavi

Solutions,

Inc.

\*

(Communications

Equipment)

5,026

Vicor

Corp.

\*

(Electrical

Equipment)

1,516

Victoria's

Secret

&

Co.

\*

(Specialty

Retail)

5,527

Vir

Biotechnology,

Inc.

\*

(Biotechnology)

2,124

Virtus

Investment

Partners,

Inc.

(Capital

Markets)

2,304

Vishay

Intertechnology,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

5,495

Vital

Energy,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,446

Walker

&

Dunlop,

Inc.

(Financial

Services)

9,185

Washington

Federal,

Inc.

(Banks)

8,730

Co.

(Household

Products)

4,567

Werner

Enterprises,

Inc.

(Ground

Transportation)

5,697

Westamerica

Bancorp

(Banks)

2,131

Whitestone

REIT

(Retail

REITs)

1,108

WillScot

Mobile

Mini

Holdings

Corp.

\*

(Biotech

&

Pharma)

6,607

Winnebago

Industries,

Inc.

(Automobiles)

3,373

WK

Kellogg

Co.

(Food

Products)

1,685

Wolfspeed,

Inc.

\*(a)

(Semiconductors

&

Semiconductor

Equipment)

1,243

Wolverine

World

Wide,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

1,266

World

Acceptance

Corp.

\*

(Consumer

Finance)

1,549

World

Kinect

Corp.

(Oil,

Gas

&

Consumable

Fuels)

5,445

Worthington

Enterprises,

Inc.

(Household

Durables)

5,873

Worthington

Steel,

Inc.

(Metals

&

Mining)

3,336

WSFS

Financial

Corp.

(Banks)

6,134

Xencor,

Inc.

\*

(Biotechnology)

1,686

Xerox

Holdings

Corp.

(Technology

Hardware,

Storage

&

Peripherals)

1,922

Yelp,

Inc.

\*

(Interactive

Media

&

Services)

3,894

Ziff

Davis,

Inc.

\*

(Interactive

Media

&

Services)

4,725

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $2,071,383)

2,198,757

Collateral

for

Securities

Loaned

(b) (1.3%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 4.37%

(c) 27,755

27,755

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $27,755)

27,755

TOTAL

INVESTMENT

SECURITIES

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

$2,099,138)— 100.7%

2,226,512

Net

other

assets

(liabilities) —

(0.7)%

(16,186)

NET

ASSETS

—

100.0%

$

2,210,326

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

April

30,

2025. The

total

value

of

securities

on

loan

as

of

April

30,

2025

was

$26,474.

(b) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

April

30,

2025. (c) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

April

30,

2025. REIT

Real

Estate

Investment

Trust

Small-Cap

Value

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

29,111

1.3%

Air

Freight

&

Logistics

7,863

0.4%

Automobile

Components

59,163

2.7%

Automobiles

3,373

0.2%

Banks

258,054

11.7%

Beverages

3,397

0.2%

Biotech

&

Pharma

6,607

0.3%

Biotechnology

21,900

1.0%

Broadline

Retail

12,192

0.5%

Building

Products

36,812

1.7%

Capital

Markets

34,660

1.6%

Chemicals

97,759

4.4%

Commercial

Services

&

Supplies

50,604

2.3%

Communications

Equipment

25,970

1.2%

Construction

&

Engineering

25,509

1.1%

Consumer

Finance

22,669

1.0%

Consumer

Staples

Distribution

&

Retail

28,595

1.3%

Containers

&

Packaging

16,455

0.7%

Diversified

Consumer

Services

11,438

0.5%

Diversified

Telecommunication

Services

8,522

0.4%

Electric

Utilities

11,348

0.5%

Electrical

Equipment

7,311

0.3%

Electronic

Equipment,

Instruments

&

Components

65,241

3.0%

Energy

Equipment

&

Services

23,045

1.0%

Equity

REIT

-

Diversified

12,380

0.6%

Financial

Services

83,759

3.8%

Food

Products

25,133

1.1%

Gas

Utilities

11,294

0.5%

Ground

Transportation

25,720

1.2%

Health

Care

Equipment

&

Supplies

63,157

2.8%

Health

Care

Providers

&

Services

45,705

2.1%

Health

Care

REITs

26,998

1.2%

Health

Care

Technology

10,386

0.5%

Hotel

&

Resort

REITs

7,897

0.4%

Hotels,

Restaurants

&

Leisure

28,221

1.3%

Household

Durables

71,838

3.2%

Household

Products

15,107

0.7%

Independent

Power/Renewable

Electricity

Producers

12,651

0.6%

Industrial

REITs

21,235

1.0%

Insurance

72,974

3.3%

Interactive

Media

&

Services

24,369

1.1%

IT

Services

11,641

0.5%

Leisure

Products

8,945

0.4%

Life

Sciences

Tools

&

Services

6,656

0.3%

Machinery

61,584

2.8%

Marine

Transportation

4,800

0.2%

Media

20,492

0.9%

Metals

&

Mining

26,302

1.2%

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Small-Cap

Value

ProFund

Value

%

of

Net

Assets

Mortgage

REITs

$

56,263

2.5%

Multi-Utilities

14,445

0.7%

Office

REITs

22,201

1.0%

Oil,

Gas

&

Consumable

Fuels

56,637

2.6%

Passenger

Airlines

8,899

0.4%

Personal

Care

Products

6,651

0.3%

Pharmaceuticals

32,900

1.5%

Professional

Services

29,126

1.3%

Real

Estate

Management

&

Development

15,506

0.7%

Residential

REITs

6,401

0.3%

Retail

REITs

31,003

1.4%

Semiconductors

13,807

0.6%

Semiconductors

&

Semiconductor

Equipment

71,512

3.2%

Software

27,913

1.3%

Specialized

REITs

21,102

0.9%

Specialty

Retail

97,983

4.4%

Technology

Hardware,

Storage

&

Peripherals

3,126

0.1%

Technology

Services

11,761

0.5%

Textiles,

Apparel

&

Luxury

Goods

16,742

0.8%

Tobacco

5,361

0.2%

Trading

Companies

&

Distributors

42,501

1.9%

Water

Utilities

25,467

1.1%

Wireless

Telecommunication

Services

14,608

0.7%

Other

\*\*

11,569

0.6%

Total

$

2,210,326

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

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Technology

UltraSector

ProFund

Common

Stocks

(76.6%)

Shares

Value

Accenture

PLC

-

Class

A

(IT

Services)

3,006

$

899,245

Adobe,

Inc.

\*

(Software)

2,093

784,833

Advanced

Micro

Devices,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

7,786

757,967

Akamai

Technologies,

Inc.

\*

(IT

Services)

722

58,179

Amphenol

Corp.

-

Class

A

(Electronic

Equipment,

Instruments

&

Components)

5,821

447,926

Analog

Devices,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

2,384

464,689

ANSYS,

Inc.

\*

(Software)

135,190

Apple,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

27,757

5,898,362

Applied

Materials,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

3,906

588,673

Arista

Networks,

Inc.

\*

(Communications

Equipment)

4,965

408,471

Autodesk,

Inc.

\*

(Software)

1,033

283,300

Broadcom,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

9,372

1,803,829

Cadence

Design

Systems,

Inc.

\*

(Software)

1,318

392,421

CDW

Corp.

(Electronic

Equipment,

Instruments

&

Components)

640

102,758

Cisco

Systems,

Inc.

(Communications

Equipment)

19,142

1,105,067

Cognizant

Technology

Solutions

Corp.

-

Class

A

(IT

Services)

2,378

174,949

Corning,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

3,705

164,428

Crowdstrike

Holdings,

Inc.

\*

-

Class

A

(Software)

1,183

507,353

Dell

Technologies,

Inc.

-

Class

C

(Technology

Hardware,

Storage

&

Peripherals)

1,499

137,548

Enphase

Energy,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

637

28,404

EPAM

Systems,

Inc.

\*

(IT

Services)

42,836

F5,

Inc.

\*

(Communications

Equipment)

73,333

Fair

Isaac

Corp.

\*

(Software)

232,793

First

Solar,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

515

64,797

Fortinet,

Inc.

\*

(Software)

3,058

317,298

Gartner,

Inc.

\*

(IT

Services)

155,379

Gen

Digital,

Inc.

(Software)

2,607

67,443

GoDaddy,

Inc.

\*

-

Class

A

(IT

Services)

679

127,876

Hewlett

Packard

Enterprise

Co.

(Technology

Hardware,

Storage

&

Peripherals)

6,313

102,397

HP,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

4,507

115,244

Intel

Corp.

(Semiconductors

&

Semiconductor

Equipment)

20,811

418,301

International

Business

Machines

Corp.

(IT

Services)

4,444

1,074,648

Intuit,

Inc.

(Software)

1,345

843,947

Jabil,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

526

77,091

Juniper

Networks,

Inc.

(Communications

Equipment)

1,591

57,785

Keysight

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

831

120,827

KLA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

639

449,019

Lam

Research

Corp.

(Semiconductors

&

Semiconductor

Equipment)

6,169

442,132

Microchip

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

2,585

119,117

Micron

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

5,355

412,067

Microsoft

Corp.

(Software)

13,735

5,428,897

Monolithic

Power

Systems,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

136,413

Motorola

Solutions,

Inc.

(Communications

Equipment)

803

353,633

Common

Stocks

(76.6%),

continued

Shares

Value

NetApp,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

977

$

87,686

NVIDIA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

45,245

4,928,086

NXP

Semiconductors

N.V.

(Semiconductors

&

Semiconductor

Equipment)

1,222

225,227

ON

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

2,025

80,393

Oracle

Corp.

(Software)

7,795

1,096,912

Palantir

Technologies,

Inc.

\*

(Software)

9,850

1,166,634

Palo

Alto

Networks,

Inc.

\*

(Software)

3,182

594,811

PTC,

Inc.

\*

(Software)

579

89,728

QUALCOMM,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

5,315

789,065

Roper

Technologies,

Inc.

(Software)

515

288,441

Salesforce,

Inc.

(Software)

4,600

1,236,067

Seagate

Technology

Holdings

PLC

(Technology

Hardware,

Storage

&

Peripherals)

1,018

92,669

ServiceNow,

Inc.

\*

(Software)

990

945,460

Skyworks

Solutions,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

773

49,688

Super

Micro

Computer,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

2,421

77,133

Synopsys,

Inc.

\*

(Software)

743

341,044

TE

Connectivity,

Ltd.

(Electronic

Equipment,

Instruments

&

Components)

1,434

209,909

Teledyne

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

104,391

Teradyne,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

783

58,106

Texas

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

4,375

700,219

Trimble,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,181

73,387

Tyler

Technologies,

Inc.

\*

(Software)

111,920

VeriSign,

Inc.

\*

(IT

Services)

110,309

Western

Digital

Corp.

\*

(Technology

Hardware,

Storage

&

Peripherals)

1,672

73,334

Workday,

Inc.

\*

-

Class

A

(Software)

1,029

252,105

Zebra

Technologies

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

61,829

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $17,227,480)

40,221,418

Repurchase

Agreements

(a)(b) (19.5%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$10,261,205

$

10,260,000

10,260,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$10,260,000)

10,260,000

TOTAL

INVESTMENT

SECURITIES

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

$27,487,480)— 96.1%

50,481,418

Net

other

assets

(liabilities) —

3.9%

2,028,377

NET

ASSETS

—

100.0%

$

52,509,795

\*

Non-income

producing

security.

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$6,760,000.

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Technology

UltraSector

ProFund

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

5/23/25

5.08%

$

20,273,136

$

1,162,065

S&P

Technology

Select

Sector

Index

UBS

AG

5/23/25

5.13%

18,750,640

1,140,369

$39,023,776

$2,302,434

(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

April

30,

2025,

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).

Technology

UltraSector

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Communications

Equipment

$

1,998,290

3.8%

Electronic

Equipment,

Instruments

&

Components

1,362,546

2.6%

IT

Services

2,643,421

5.0%

Semiconductors

&

Semiconductor

Equipment

12,516,192

23.8%

Software

15,116,596

28.8%

Technology

Hardware,

Storage

&

Peripherals

6,584,373

12.6%

Other

\*\*

12,288,377

23.4%

Total

$

52,509,795

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

::

April

30,

2025

(unaudited)

UltraBear

ProFund

Repurchase

Agreements

(a)(b) (203.7%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$13,491,584

$

13,490,000

$

13,490,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$13,490,000)

13,490,000

TOTAL

INVESTMENT

SECURITIES

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

$13,490,000)— 203.7%

13,490,000

Net

other

assets

(liabilities) —

(103.7)%

(6,868,129)

NET

ASSETS

—

100.0%

$

6,621,871

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$3,167,000.

Futures

Contracts

Sold

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

E-Mini

S&P

500

Futures

Contracts

6/23/25

$

(838,050)

$

6,245

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

5/27/25

(4.83)%

$

(7,746,562)

$

(164,125)

S&P

500

UBS

AG

5/27/25

(4.73)%

(4,655,734)

(32,866)

$(12,402,296)

$(196,991)

(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

April

30,

2025,

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).

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraBull

ProFund

Common

Stocks

(73.0%)

Shares

Value

3M

Co.

(Industrial

Conglomerates)

1,080

$

150,023

A.O.

Smith

Corp.

(Building

Products)

16,219

Abbott

Laboratories

(Health

Care

Equipment

&

Supplies)

3,452

451,350

AbbVie,

Inc.

(Biotechnology)

3,513

685,386

Accenture

PLC

-

Class

A

(IT

Services)

1,245

372,442

Adobe,

Inc.

\*

(Software)

866

324,733

Advanced

Micro

Devices,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

3,228

314,246

Aflac,

Inc.

(Insurance)

987

107,267

Agilent

Technologies,

Inc.

(Life

Sciences

Tools

&

Services)

569

61,224

Air

Products

&

Chemicals,

Inc.

(Chemicals)

120,635

Airbnb,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

861

104,973

Akamai

Technologies,

Inc.

\*

(IT

Services)

24,093

Albemarle

Corp.

(Chemicals)

13,876

Alexandria

Real

Estate

Equities,

Inc.

(Office

REITs)

22,379

Align

Technology,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

24,435

Allegion

PLC

(Building

Products)

24,082

Alliant

Energy

Corp.

(Electric

Utilities)

510

31,130

Allstate

Corp.

(Insurance)

529

104,948

Alphabet,

Inc.

-

Class

A

(Interactive

Media

&

Services)

11,611

1,843,827

Alphabet,

Inc.

-

Class

C

(Interactive

Media

&

Services)

9,412

1,514,297

Altria

Group,

Inc.

(Tobacco)

3,377

199,750

Amazon.com,

Inc.

\*

(Broadline

Retail)

18,776

3,462,669

Amcor

PLC

(Containers

&

Packaging)

4,501

41,409

Ameren

Corp.

(Multi-Utilities)

537

53,292

American

Electric

Power

Co.,

Inc.

(Electric

Utilities)

1,062

115,057

American

Express

Co.

(Consumer

Finance)

1,105

294,384

American

International

Group,

Inc.

(Insurance)

1,181

96,275

American

Tower

Corp.

(Specialized

REITs)

930

209,632

American

Water

Works

Co.,

Inc.

(Water

Utilities)

57,334

Ameriprise

Financial,

Inc.

(Capital

Markets)

89,494

AMETEK,

Inc.

(Electrical

Equipment)

78,176

Amgen,

Inc.

(Biotechnology)

1,071

311,575

Amphenol

Corp.

-

Class

A

(Electronic

Equipment,

Instruments

&

Components)

2,410

185,449

Analog

Devices,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

989

192,776

ANSYS,

Inc.

\*

(Software)

56,007

Aon

PLC

-

Class

A

(Insurance)

152,914

APA

Corp.

(Oil,

Gas

&

Consumable

Fuels)

741

11,515

Apollo

Global

Management,

Inc.

(Financial

Services)

890

121,467

Apple,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

29,905

6,354,812

Applied

Materials,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

1,618

243,849

Aptiv

PLC

\*

(Automobile

Components)

26,191

Arch

Capital

Group,

Ltd.

\*

(Insurance)

746

67,647

Archer-Daniels-Midland

Co.

(Food

Products)

956

45,649

Arista

Networks,

Inc.

\*

(Communications

Equipment)

2,058

169,312

Arthur

J. Gallagher

&

Co.

(Insurance)

507

162,590

Assurant,

Inc.

(Insurance)

20,045

AT&T,

Inc.

(Diversified

Telecommunication

Services)

14,296

395,999

Atmos

Energy

Corp.

(Gas

Utilities)

50,759

Autodesk,

Inc.

\*

(Software)

117,379

Automatic

Data

Processing,

Inc.

(Professional

Services)

811

243,787

AutoZone,

Inc.

\*

(Specialty

Retail)

120,403

AvalonBay

Communities,

Inc.

(Residential

REITs)

59,214

Avery

Dennison

Corp.

(Containers

&

Packaging)

27,206

Axon

Enterprise,

Inc.

\*

(Aerospace

&

Defense)

89,542

Baker

Hughes

Co.

(Energy

Equipment

&

Services)

1,975

69,915

Ball

Corp.

(Containers

&

Packaging)

597

31,008

Bank

of

America

Corp.

(Banks)

13,184

525,778

Baxter

International,

Inc.

(Health

Care

Equipment

&

Supplies)

1,021

31,825

Common

Stocks

(73.0%),

continued

Shares

Value

Becton,

Dickinson

&

Co.

(Health

Care

Equipment

&

Supplies)

572

$

118,455

Berkshire

Hathaway,

Inc.

\*

-

Class

B

(Financial

Services)

3,649

1,945,830

Best

Buy

Co.,

Inc.

(Specialty

Retail)

25,876

Biogen,

Inc.

\*

(Biotechnology)

35,355

Bio-Techne

Corp.

(Life

Sciences

Tools

&

Services)

15,961

BlackRock,

Inc.

(Capital

Markets)

263,307

Blackstone,

Inc.

(Capital

Markets)

1,458

192,033

Booking

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

326,354

Boston

Properties,

Inc.

(Office

REITs)

18,609

Boston

Scientific

Corp.

\*

(Health

Care

Equipment

&

Supplies)

2,932

301,615

Bristol-Myers

Squibb

Co.

(Pharmaceuticals)

4,042

202,908

Broadcom,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

9,331

1,795,937

Broadridge

Financial

Solutions,

Inc.

(Professional

Services)

56,479

Brown

&

Brown,

Inc.

(Insurance)

52,203

Brown-Forman

Corp.

-

Class

B

(Beverages)

12,751

Builders

FirstSource,

Inc.

\*

(Building

Products)

27,515

Bunge

Global

SA

(Food

Products)

21,097

C.H.

Robinson

Worldwide,

Inc.

(Air

Freight

&

Logistics)

21,234

Cadence

Design

Systems,

Inc.

\*

(Software)

546

162,566

Caesars

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

11,582

Camden

Property

Trust

(Residential

REITs)

24,126

Campbell

Soup

Co.

(Food

Products)

14,511

Capital

One

Financial

Corp.

(Consumer

Finance)

759

136,817

Cardinal

Health,

Inc.

(Health

Care

Providers

&

Services)

68,243

CarMax,

Inc.

\*

(Specialty

Retail)

19,918

Carnival

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

2,089

38,312

Carrier

Global

Corp.

(Building

Products)

1,609

100,627

Caterpillar,

Inc.

(Machinery)

951

294,117

Cboe

Global

Markets,

Inc.

(Capital

Markets)

46,134

CBRE

Group,

Inc.

\*

-

Class

A

(Real

Estate

Management

&

Development)

588

71,842

CDW

Corp.

(Electronic

Equipment,

Instruments

&

Components)

42,870

Cencora,

Inc.

(Health

Care

Providers

&

Services)

100,678

Centene

Corp.

\*

(Health

Care

Providers

&

Services)

988

59,132

CenterPoint

Energy,

Inc.

(Multi-Utilities)

1,301

50,453

CF

Industries

Holdings,

Inc.

(Chemicals)

27,194

Charles

River

Laboratories

International,

Inc.

\*

(Life

Sciences

Tools

&

Services)

12,218

Charter

Communications,

Inc.

\*

-

Class

A

(Media)

74,453

Chevron

Corp.

(Oil,

Gas

&

Consumable

Fuels)

3,327

452,672

Chipotle

Mexican

Grill,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

2,700

136,404

Chubb,

Ltd.

(Insurance)

742

212,271

Church

&

Dwight

Co.,

Inc.

(Household

Products)

48,577

Cincinnati

Financial

Corp.

(Insurance)

43,573

Cintas

Corp.

(Commercial

Services

&

Supplies)

682

144,366

Cisco

Systems,

Inc.

(Communications

Equipment)

7,931

457,857

Citigroup,

Inc.

(Banks)

3,738

255,604

Citizens

Financial

Group,

Inc.

(Banks)

872

32,168

CME

Group,

Inc.

(Capital

Markets)

718

198,943

CMS

Energy

Corp.

(Multi-Utilities)

595

43,822

Cognizant

Technology

Solutions

Corp.

-

Class

A

(IT

Services)

986

72,540

Colgate-Palmolive

Co.

(Household

Products)

1,616

148,979

Comcast

Corp.

-

Class

A

(Media)

7,512

256,910

Conagra

Brands,

Inc.

(Food

Products)

954

23,573

ConocoPhillips

(Oil,

Gas

&

Consumable

Fuels)

2,541

226,454

Consolidated

Edison,

Inc.

(Multi-Utilities)

691

77,910

Constellation

Brands,

Inc.

-

Class

A

(Beverages)

58,325

Constellation

Energy

Corp.

(Electric

Utilities)

621

138,756

Copart,

Inc.

\*

(Commercial

Services

&

Supplies)

1,746

106,558

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

UltraBull

ProFund

Common

Stocks

(73.0%),

continued

Shares

Value

Corning,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

1,540

$

68,345

Corpay,

Inc.

\*

(Software)

45,552

Corteva,

Inc.

(Chemicals)

1,366

84,678

CoStar

Group,

Inc.

\*

(Real

Estate

Management

&

Development)

838

62,154

Costco

Wholesale

Corp.

(Consumer

Staples

Distribution

&

Retail)

883

878,143

Coterra

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,470

36,103

Crowdstrike

Holdings,

Inc.

\*

-

Class

A

(Software)

210,146

Crown

Castle

International

Corp.

(Specialized

REITs)

866

91,588

CSX

Corp.

(Ground

Transportation)

3,842

107,845

Cummins,

Inc.

(Machinery)

80,512

CVS

Health

Corp.

(Health

Care

Providers

&

Services)

2,511

167,509

D.R.

Horton,

Inc.

(Household

Durables)

567

71,634

Danaher

Corp.

(Life

Sciences

Tools

&

Services)

1,274

253,947

Darden

Restaurants,

Inc.

(Hotels,

Restaurants

&

Leisure)

46,950

DaVita,

Inc.

\*

(Health

Care

Providers

&

Services)

12,456

Dayforce,

Inc.

\*

(Professional

Services)

18,461

Deckers

Outdoor

Corp.

\*

(Textiles,

Apparel

&

Luxury

Goods)

33,471

Deere

&

Co.

(Machinery)

504

233,634

Dell

Technologies,

Inc.

-

Class

C

(Technology

Hardware,

Storage

&

Peripherals)

620

56,890

Delta

Air

Lines,

Inc.

(Passenger

Airlines)

1,280

53,286

Devon

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,312

39,898

Dexcom,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

780

55,676

Diamondback

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

48,976

Digital

Realty

Trust,

Inc.

(Specialized

REITs)

631

101,301

Discover

Financial

Services

(Consumer

Finance)

91,152

Dollar

General

Corp.

(Consumer

Staples

Distribution

&

Retail)

41,130

Dollar

Tree,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

33,035

Dominion

Energy,

Inc.

(Multi-Utilities)

1,674

91,032

Domino's

Pizza,

Inc.

(Hotels,

Restaurants

&

Leisure)

32,364

DoorDash,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

676

130,394

Dover

Corp.

(Machinery)

46,758

Dow,

Inc.

(Chemicals)

1,405

42,979

DTE

Energy

Co.

(Multi-Utilities)

56,718

Duke

Energy

Corp.

(Electric

Utilities)

1,546

188,643

DuPont

de

Nemours,

Inc.

(Chemicals)

834

55,036

Eastman

Chemical

Co.

(Chemicals)

17,941

Eaton

Corp.

PLC

(Electrical

Equipment)

787

231,670

eBay,

Inc.

(Broadline

Retail)

955

65,093

Ecolab,

Inc.

(Chemicals)

502

126,218

Edison

International

(Electric

Utilities)

771

41,256

Edwards

LifeSciences

Corp.

\*

(Health

Care

Equipment

&

Supplies)

1,175

88,701

Electronic

Arts,

Inc.

(Entertainment)

68,337

Elevance

Health,

Inc.

(Health

Care

Providers

&

Services)

193,887

Eli

Lilly

&

Co.

(Pharmaceuticals)

1,568

1,409,554

Emerson

Electric

Co.

(Electrical

Equipment)

1,121

117,828

Enphase

Energy,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

11,861

Entergy

Corp.

(Electric

Utilities)

856

71,194

EOG

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,119

123,459

EPAM

Systems,

Inc.

\*

(IT

Services)

17,574

EQT

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,190

58,834

Equifax,

Inc.

(Professional

Services)

63,992

Equinix,

Inc.

(Specialized

REITs)

164,404

Equity

Residential

(Residential

REITs)

681

47,847

Common

Stocks

(73.0%),

continued

Shares

Value

Erie

Indemnity

Co.

-

Class

A

(Insurance)

$

17,931

Essex

Property

Trust,

Inc.

(Residential

REITs)

35,731

Everest

Group,

Ltd.

(Insurance)

30,501

Evergy,

Inc.

(Electric

Utilities)

31,648

Eversource

Energy

(Electric

Utilities)

731

43,480

Exelon

Corp.

(Electric

Utilities)

2,004

93,988

Expand

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

43,534

Expedia

Group,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

38,448

Expeditors

International

of

Washington,

Inc.

(Air

Freight

&

Logistics)

30,665

Extra

Space

Storage,

Inc.

(Specialized

REITs)

61,831

Exxon

Mobil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

8,667

915,494

F5,

Inc.

\*

(Communications

Equipment)

30,180

FactSet

Research

Systems,

Inc.

(Capital

Markets)

31,552

Fair

Isaac

Corp.

\*

(Software)

97,494

Fastenal

Co.

(Trading

Companies

&

Distributors)

1,142

92,467

Federal

Realty

Investment

Trust

(Retail

REITs)

14,385

FedEx

Corp.

(Air

Freight

&

Logistics)

92,966

Fidelity

National

Information

Services,

Inc.

(Financial

Services)

1,055

83,218

Fifth

Third

Bancorp

(Banks)

1,336

48,016

First

Horizon

Corp.

(Banks)

—

(a) 5

First

Solar,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

26,800

FirstEnergy

Corp.

(Electric

Utilities)

1,025

43,952

Fiserv,

Inc.

\*

(Financial

Services)

1,134

209,302

Ford

Motor

Co.

(Automobiles)

7,753

77,608

Fortinet,

Inc.

\*

(Software)

1,264

131,153

Fortive

Corp.

(Machinery)

680

47,389

Fox

Corp.

-

Class

A

(Media)

21,659

Fox

Corp.

-

Class

B

(Media)

12,254

Franklin

Resources,

Inc.

(Capital

Markets)

620

11,631

Freeport-McMoRan,

Inc.

(Metals

&

Mining)

2,864

103,190

Garmin,

Ltd.

(Household

Durables)

57,369

Gartner,

Inc.

\*

(IT

Services)

64,004

GE

HealthCare

Technologies,

Inc.

(Health

Care

Equipment

&

Supplies)

912

64,141

GE

Vernova,

Inc.

(Electrical

Equipment)

549

203,580

Gen

Digital,

Inc.

(Software)

1,082

27,991

Generac

Holdings,

Inc.

\*

(Electrical

Equipment)

13,497

General

Dynamics

Corp.

(Aerospace

&

Defense)

504

137,148

General

Electric

Co.

(Industrial

Conglomerates)

2,136

430,489

General

Mills,

Inc.

(Food

Products)

1,097

62,244

General

Motors

Co.

(Automobiles)

1,984

89,756

Genuine

Parts

Co.

(Distributors)

32,561

Gilead

Sciences,

Inc.

(Biotechnology)

2,480

264,219

Global

Payments,

Inc.

(Financial

Services)

37,545

Globe

Life,

Inc.

(Insurance)

20,474

GoDaddy,

Inc.

\*

-

Class

A

(IT

Services)

52,732

Halliburton

Co.

(Energy

Equipment

&

Services)

1,734

34,368

Hasbro,

Inc.

(Leisure

Products)

16,280

HCA

Healthcare,

Inc.

(Health

Care

Providers

&

Services)

123,194

Healthpeak

Properties,

Inc.

(Health

Care

REITs)

1,396

24,905

Henry

Schein,

Inc.

\*

(Health

Care

Providers

&

Services)

16,113

Hess

Corp.

(Oil,

Gas

&

Consumable

Fuels)

550

70,978

Hewlett

Packard

Enterprise

Co.

(Technology

Hardware,

Storage

&

Peripherals)

2,618

42,464

Hilton

Worldwide

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

108,230

Hologic,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

26,132

Honeywell

International,

Inc.

(Industrial

Conglomerates)

1,294

272,387

Hormel

Foods

Corp.

(Food

Products)

583

17,432

Host

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

1,395

19,697

Howmet

Aerospace,

Inc.

(Aerospace

&

Defense)

807

111,834

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraBull

ProFund

Common

Stocks

(73.0%),

continued

Shares

Value

HP,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

1,870

$

47,816

Hubbell,

Inc.

(Electrical

Equipment)

38,497

Humana,

Inc.

(Health

Care

Providers

&

Services)

62,938

Huntington

Bancshares,

Inc.

(Banks)

2,898

42,108

Huntington

Ingalls

Industries,

Inc.

(Aerospace

&

Defense)

17,736

IDEX

Corp.

(Machinery)

26,096

IDEXX

Laboratories,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

70,089

Illinois

Tool

Works,

Inc.

(Machinery)

531

127,392

Incyte

Corp.

\*

(Biotechnology)

20,177

Ingersoll

Rand,

Inc.

(Machinery)

802

60,495

Insulet

Corp.

\*

(Health

Care

Equipment

&

Supplies)

35,573

Intel

Corp.

(Semiconductors

&

Semiconductor

Equipment)

8,621

173,282

Intercontinental

Exchange,

Inc.

(Capital

Markets)

1,144

192,158

International

Business

Machines

Corp.

(IT

Services)

1,840

444,950

International

Flavors

&

Fragrances,

Inc.

(Chemicals)

508

39,858

International

Paper

Co.

(Containers

&

Packaging)

1,054

48,147

Intuit,

Inc.

(Software)

558

350,128

Intuitive

Surgical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

709

365,702

Invesco,

Ltd.

(Capital

Markets)

896

12,481

Invitation

Homes,

Inc.

(Residential

REITs)

1,137

38,874

IQVIA

Holdings,

Inc.

\*

(Life

Sciences

Tools

&

Services)

51,638

Iron

Mountain,

Inc.

(Specialized

REITs)

584

52,367

J.B.

Hunt

Transport

Services,

Inc.

(Ground

Transportation)

20,501

Jabil,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

31,950

Jack

Henry

&

Associates,

Inc.

(Financial

Services)

25,494

Jacobs

Solutions,

Inc.

(Professional

Services)

30,083

Johnson

&

Johnson

(Pharmaceuticals)

4,794

749,350

Johnson

Controls

International

PLC

(Building

Products)

1,314

110,245

JPMorgan

Chase

&

Co.

(Banks)

5,566

1,361,556

Juniper

Networks,

Inc.

(Communications

Equipment)

660

23,971

Kellanova

(Food

Products)

536

44,365

Kenvue,

Inc.

(Personal

Care

Products)

3,821

90,176

Keurig

Dr

Pepper,

Inc.

(Beverages)

2,380

82,324

KeyCorp

(Banks)

1,987

29,487

Keysight

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

50,163

Kimberly-Clark

Corp.

(Household

Products)

659

86,843

Kimco

Realty

Corp.

(Retail

REITs)

1,355

27,073

Kinder

Morgan,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

3,850

101,255

KKR

&

Co.,

Inc.

(Capital

Markets)

1,344

153,579

KLA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

186,916

L3Harris

Technologies,

Inc.

(Aerospace

&

Defense)

82,067

Labcorp

Holdings,

Inc.

(Health

Care

Providers

&

Services)

39,767

Lam

Research

Corp.

(Semiconductors

&

Semiconductor

Equipment)

2,559

183,404

Lamb

Weston

Holdings,

Inc.

(Food

Products)

15,104

Las

Vegas

Sands

Corp.

(Hotels,

Restaurants

&

Leisure)

689

25,266

Leidos

Holdings,

Inc.

(Professional

Services)

38,561

Lennar

Corp.

-

Class

A

(Household

Durables)

50,395

Lennox

International,

Inc.

(Building

Products)

34,445

Linde

PLC

(Chemicals)

948

429,663

Live

Nation

Entertainment,

Inc.

\*

(Entertainment)

41,589

LKQ

Corp.

(Distributors)

522

19,946

Lockheed

Martin

Corp.

(Aerospace

&

Defense)

199,700

Loews

Corp.

(Insurance)

30,738

Lowe's

Cos.,

Inc.

(Specialty

Retail)

1,122

250,834

Common

Stocks

(73.0%),

continued

Shares

Value

Lululemon

Athletica,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

$

60,382

LyondellbBasell

Industries

N.V.

-

Class

A

(Chemicals)

518

30,153

M&T

Bank

Corp.

(Banks)

56,021

Marathon

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

630

86,568

MarketAxess

Holdings,

Inc.

(Capital

Markets)

16,176

Marriott

International,

Inc.

-

Class

A

(Hotels,

Restaurants

&

Leisure)

108,914

Marsh

&

McLennan

Cos.,

Inc.

(Insurance)

978

220,510

Martin

Marietta

Materials,

Inc.

(Construction

Materials)

62,878

Masco

Corp.

(Building

Products)

25,577

MasterCard,

Inc.

-

Class

A

(Financial

Services)

1,621

888,405

Match

Group,

Inc.

(Interactive

Media

&

Services)

504

14,949

McCormick

&

Co.,

Inc.

(Food

Products)

503

38,560

McDonald's

Corp.

(Hotels,

Restaurants

&

Leisure)

1,427

456,140

McKesson

Corp.

(Health

Care

Providers

&

Services)

176,772

Medtronic

PLC

(Health

Care

Equipment

&

Supplies)

2,554

216,477

Merck

&

Co.,

Inc.

(Pharmaceuticals)

5,036

429,067

Meta

Platforms,

Inc.

-

Class

A

(Interactive

Media

&

Services)

4,359

2,393,091

MetLife,

Inc.

(Insurance)

1,154

86,977

Mettler-Toledo

International,

Inc.

\*

(Life

Sciences

Tools

&

Services)

43,893

MGM

Resorts

International

\*

(Hotels,

Restaurants

&

Leisure)

14,126

Microchip

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

1,075

49,536

Micron

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

2,218

170,675

Microsoft

Corp.

(Software)

14,800

5,849,848

Mid-America

Apartment

Communities,

Inc.

(Residential

REITs)

37,198

Moderna,

Inc.

\*

(Biotechnology)

678

19,350

Mohawk

Industries,

Inc.

\*

(Household

Durables)

11,273

Molina

Healthcare,

Inc.

\*

(Health

Care

Providers

&

Services)

35,971

Molson

Coors

Beverage

Co.

-

Class

B

(Beverages)

19,675

Mondelez

International,

Inc.

-

Class

A

(Food

Products)

2,575

175,434

Monolithic

Power

Systems,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

57,531

Monster

Beverage

Corp.

\*

(Beverages)

1,395

83,867

Moody's

Corp.

(Capital

Markets)

140,467

Morgan

Stanley

(Capital

Markets)

2,463

284,279

Motorola

Solutions,

Inc.

(Communications

Equipment)

146,650

MSCI,

Inc.

(Capital

Markets)

83,402

Nasdaq,

Inc.

(Capital

Markets)

826

62,949

NetApp,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

36,439

Netflix,

Inc.

\*

(Entertainment)

853

965,357

Newmont

Corp.

(Metals

&

Mining)

2,268

119,477

News

Corp.

-

Class

A

(Media)

756

20,503

News

Corp.

-

Class

B

(Media)

7,101

NextEra

Energy,

Inc.

(Electric

Utilities)

4,094

273,806

NIKE,

Inc.

-

Class

B

(Textiles,

Apparel

&

Luxury

Goods)

2,353

132,708

NiSource,

Inc.

(Multi-Utilities)

940

36,763

Nordson

Corp.

(Machinery)

20,474

Norfolk

Southern

Corp.

(Ground

Transportation)

101,047

Northern

Trust

Corp.

(Capital

Markets)

36,840

Northrop

Grumman

Corp.

(Aerospace

&

Defense)

132,328

Norwegian

Cruise

Lines

Holdings,

Ltd.

\*

(Hotels,

Restaurants

&

Leisure)

880

14,106

NRG

Energy,

Inc.

(Electric

Utilities)

44,270

Nucor

Corp.

(Metals

&

Mining)

55,746

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

UltraBull

ProFund

Common

Stocks

(73.0%),

continued

Shares

Value

NVIDIA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

48,751

$

5,309,958

NVR,

Inc.

\*

(Household

Durables)

42,755

NXP

Semiconductors

N.V.

(Semiconductors

&

Semiconductor

Equipment)

506

93,261

Occidental

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,347

53,085

Old

Dominion

Freight

Line,

Inc.

(Ground

Transportation)

57,020

Omnicom

Group,

Inc.

(Media)

29,931

ON

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

842

33,427

ONEOK,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,235

101,468

Oracle

Corp.

(Software)

3,229

454,385

O'Reilly

Automotive,

Inc.

\*

(Specialty

Retail)

161,333

Otis

Worldwide

Corp.

(Machinery)

789

75,957

PACCAR,

Inc.

(Machinery)

1,044

94,179

Packaging

Corp.

of

America

(Containers

&

Packaging)

33,039

Palantir

Technologies,

Inc.

\*

(Software)

4,082

483,472

Palo

Alto

Networks,

Inc.

\*

(Software)

1,318

246,374

Paramount

Global

(b) -

Class

B

(Media)

1,187

13,935

Parker-Hannifin

Corp.

(Machinery)

154,290

Paychex,

Inc.

(Professional

Services)

638

93,863

Paycom

Software,

Inc.

(Professional

Services)

21,733

PayPal

Holdings,

Inc.

\*

(Financial

Services)

1,972

129,836

Pentair

PLC

(Machinery)

29,941

PepsiCo,

Inc.

(Beverages)

2,730

370,134

Pfizer,

Inc.

(Pharmaceuticals)

11,284

275,442

PG&E

Corp.

(Electric

Utilities)

4,369

72,176

Philip

Morris

International,

Inc.

(Tobacco)

3,095

530,359

Phillips

(Oil,

Gas

&

Consumable

Fuels)

822

85,537

Pinnacle

West

Capital

Corp.

(Electric

Utilities)

21,701

PNC

Financial

Services

Group,

Inc.

(Banks)

789

126,784

Pool

Corp.

(Distributors)

21,399

PPG

Industries,

Inc.

(Chemicals)

50,293

PPL

Corp.

(Electric

Utilities)

1,473

53,765

Principal

Financial

Group,

Inc.

(Insurance)

31,069

Prologis,

Inc.

(Industrial

REITs)

1,845

188,559

Prudential

Financial,

Inc.

(Insurance)

705

72,411

PTC,

Inc.

\*

(Software)

37,038

Public

Service

Enterprise

Group,

Inc.

(Multi-Utilities)

994

79,450

Public

Storage

(Specialized

REITs)

94,635

PulteGroup,

Inc.

(Household

Durables)

41,340

QUALCOMM,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

2,203

327,057

Quanta

Services,

Inc.

(Construction

&

Engineering)

85,758

Quest

Diagnostics,

Inc.

(Health

Care

Providers

&

Services)

39,387

Ralph

Lauren

Corp.

(Textiles,

Apparel

&

Luxury

Goods)

17,771

Raymond

James

Financial,

Inc.

(Capital

Markets)

50,157

Raytheon

Technologies

Corp.

(Aerospace

&

Defense)

2,652

334,497

Realty

Income

Corp.

(Retail

REITs)

1,744

100,908

Regency

Centers

Corp.

(Retail

REITs)

23,603

Regeneron

Pharmaceuticals,

Inc.

\*

(Biotechnology)

125,141

Regions

Financial

Corp.

(Banks)

1,813

37,003

Republic

Services,

Inc.

(Commercial

Services

&

Supplies)

101,303

ResMed,

Inc.

(Health

Care

Equipment

&

Supplies)

68,848

Revvity,

Inc.

(Life

Sciences

Tools

&

Services)

22,703

Rockwell

Automation,

Inc.

(Electrical

Equipment)

55,976

Rollins,

Inc.

(Commercial

Services

&

Supplies)

561

32,050

Roper

Technologies,

Inc.

(Software)

119,297

Ross

Stores,

Inc.

(Specialty

Retail)

655

91,045

Royal

Caribbean

Cruises,

Ltd.

\*

(Hotels,

Restaurants

&

Leisure)

105,521

Common

Stocks

(73.0%),

continued

Shares

Value

S&P

Global,

Inc.

(Capital

Markets)

628

$

314,032

Salesforce,

Inc.

(Software)

1,905

511,893

SBA

Communications

Corp.

-

Class

A

(Specialized

REITs)

52,088

Schlumberger

N.V.

(Energy

Equipment

&

Services)

2,794

92,900

Seagate

Technology

Holdings

PLC

(Technology

Hardware,

Storage

&

Peripherals)

38,415

Sempra

(Multi-Utilities)

1,261

93,655

ServiceNow,

Inc.

\*

(Software)

390,599

Simon

Property

Group,

Inc.

(Retail

REITs)

611

96,159

Skyworks

Solutions,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

20,634

Smurfit

WestRock

PLC

(Containers

&

Packaging)

988

41,516

Snap-on,

Inc.

(Machinery)

32,950

Solventum

Corp.

\*

(Health

Care

Equipment

&

Supplies)

18,381

Southwest

Airlines

Co.

(Passenger

Airlines)

1,183

33,077

Stanley

Black

&

Decker,

Inc.

(Machinery)

18,486

Starbucks

Corp.

(Hotels,

Restaurants

&

Leisure)

2,261

180,993

State

Street

Corp.

(Capital

Markets)

576

50,746

Steel

Dynamics,

Inc.

(Metals

&

Mining)

36,449

STERIS

PLC

(Health

Care

Equipment

&

Supplies)

43,375

Stryker

Corp.

(Health

Care

Equipment

&

Supplies)

683

255,387

Super

Micro

Computer,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

1,006

32,051

Synchrony

Financial

(Consumer

Finance)

775

40,261

Synopsys,

Inc.

\*

(Software)

141,834

Sysco

Corp.

(Consumer

Staples

Distribution

&

Retail)

974

69,544

T. Rowe

Price

Group,

Inc.

(Capital

Markets)

39,493

Take-Two

Interactive

Software,

Inc.

\*

(Entertainment)

76,296

Tapestry,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

29,320

Targa

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

74,171

Target

Corp.

(Consumer

Staples

Distribution

&

Retail)

913

88,287

TE

Connectivity,

Ltd.

(Electronic

Equipment,

Instruments

&

Components)

594

86,950

Teledyne

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

44,273

Teradyne,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

24,267

Tesla,

Inc.

\*

(Automobiles)

5,570

1,571,631

Texas

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

1,812

290,011

Texas

Pacific

Land

Corp.

(Oil,

Gas

&

Consumable

Fuels)

47,688

Textron,

Inc.

(Aerospace

&

Defense)

25,755

The

AES

Corp.

(Independent

Power/Renewable

Electricity

Producers)

1,419

14,190

The

Bank

of

New

York

Mellon

Corp.

(Capital

Markets)

1,428

114,825

The

Boeing

Co.

\*

(Aerospace

&

Defense)

1,493

273,577

The

Charles

Schwab

Corp.

(Capital

Markets)

3,392

276,109

The

Cigna

Group

(Health

Care

Providers

&

Services)

545

185,322

The

Clorox

Co.

(Household

Products)

34,721

The

Coca-Cola

Co.

(Beverages)

7,708

559,216

The

Cooper

Cos.,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

32,668

The

Estee

Lauder

Cos.,

Inc.

(Personal

Care

Products)

27,881

The

Goldman

Sachs

Group,

Inc.

(Capital

Markets)

620

339,482

The

Hartford

Financial

Services

Group,

Inc.

(Insurance)

573

70,290

The

Hershey

Co.

(Food

Products)

48,987

The

Home

Depot,

Inc.

(Specialty

Retail)

1,978

713,050

The

Interpublic

Group

of

Cos.,

Inc.

(Media)

745

18,714

The

J.M.

Smucker

Co.

(Food

Products)

24,533

The

Kraft

Heinz

Co.

(Food

Products)

1,741

50,663

The

Kroger

Co.

(Consumer

Staples

Distribution

&

Retail)

1,328

95,895

The

Mosaic

Co.

(Chemicals)

636

19,334

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraBull

ProFund

Common

Stocks

(73.0%),

continued

Shares

Value

The

Procter

&

Gamble

Co.

(Household

Products)

4,669

$

759,040

The

Progressive

Corp.

(Insurance)

1,166

328,508

The

Sherwin-Williams

Co.

(Chemicals)

162,696

The

Southern

Co.

(Electric

Utilities)

2,180

200,320

The

TJX

Cos.,

Inc.

(Specialty

Retail)

2,240

288,243

The

Travelers

Cos.,

Inc.

(Insurance)

119,387

The

Walt

Disney

Co.

(Entertainment)

3,600

327,420

The

Williams

Cos.,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

2,429

142,267

Thermo

Fisher

Scientific,

Inc.

(Life

Sciences

Tools

&

Services)

761

326,470

TKO

Group

Holdings,

Inc.

\*

(Entertainment)

21,667

T-Mobile

U.S.,

Inc.

(Wireless

Telecommunication

Services)

954

235,590

Tractor

Supply

Co.

(Specialty

Retail)

1,066

53,961

Trane

Technologies

PLC

(Building

Products)

170,955

TransDigm

Group,

Inc.

(Aerospace

&

Defense)

156,851

Trimble,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

30,511

Truist

Financial

Corp.

(Banks)

2,624

100,604

Tyler

Technologies,

Inc.

\*

(Software)

46,181

Tyson

Foods,

Inc.

-

Class

A

(Food

Products)

571

34,968

U.S.

Bancorp

(Banks)

3,107

125,336

Uber

Technologies,

Inc.

\*

(Ground

Transportation)

4,159

336,920

UDR,

Inc.

(Residential

REITs)

604

25,296

Ulta

Beauty,

Inc.

\*

(Specialty

Retail)

37,190

Union

Pacific

Corp.

(Ground

Transportation)

1,204

259,655

United

Airlines

Holdings,

Inc.

\*

(Passenger

Airlines)

657

45,215

United

Parcel

Service,

Inc.

-

Class

B

(Air

Freight

&

Logistics)

1,458

138,948

United

Rentals,

Inc.

(Trading

Companies

&

Distributors)

82,089

UnitedHealth

Group,

Inc.

(Health

Care

Providers

&

Services)

1,831

753,346

Universal

Health

Services,

Inc.

-

Class

B

(Health

Care

Providers

&

Services)

20,540

Valero

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

631

73,253

Ventas,

Inc.

(Health

Care

REITs)

873

61,180

Veralto

Corp.

(Commercial

Services

&

Supplies)

47,087

VeriSign,

Inc.

\*

(IT

Services)

45,139

Verisk

Analytics,

Inc.

(Professional

Services)

83,000

Verizon

Communications,

Inc.

(Diversified

Telecommunication

Services)

8,384

369,399

Vertex

Pharmaceuticals,

Inc.

\*

(Biotechnology)

511

260,355

Viatris,

Inc.

(Pharmaceuticals)

2,380

20,040

VICI

Properties,

Inc.

(Specialized

REITs)

2,102

67,306

Visa,

Inc.

-

Class

A

(Financial

Services)

3,431

1,185,411

Vistra

Corp.

(Independent

Power/Renewable

Electricity

Producers)

678

87,889

Vulcan

Materials

Co.

(Construction

Materials)

69,255

W.R.

Berkley

Corp.

(Insurance)

598

42,871

W.W.

Grainger,

Inc.

(Trading

Companies

&

Distributors)

91,164

Wabtec

Corp.

(Machinery)

62,627

Walgreens

Boots

Alliance,

Inc.

(Consumer

Staples

Distribution

&

Retail)

1,431

15,698

Walmart,

Inc.

(Consumer

Staples

Distribution

&

Retail)

8,637

839,948

Warner

Bros.

Discovery,

Inc.

\*

(Entertainment)

4,450

38,582

Waste

Management,

Inc.

(Commercial

Services

&

Supplies)

727

169,653

Waters

Corp.

\*

(Life

Sciences

Tools

&

Services)

41,032

WEC

Energy

Group,

Inc.

(Multi-Utilities)

633

69,326

Wells

Fargo

&

Co.

(Banks)

6,550

465,116

Welltower,

Inc.

(Health

Care

REITs)

1,213

185,091

West

Pharmaceutical

Services,

Inc.

(Life

Sciences

Tools

&

Services)

30,848

Western

Digital

Corp.

\*

(Technology

Hardware,

Storage

&

Peripherals)

695

30,483

Common

Stocks

(73.0%),

continued

Shares

Value

Weyerhaeuser

Co.

(Specialized

REITs)

1,447

$

37,492

Williams-Sonoma,

Inc.

(Specialty

Retail)

37,691

Willis

Towers

Watson

PLC

(Insurance)

60,637

Workday,

Inc.

\*

-

Class

A

(Software)

104,370

Wynn

Resorts,

Ltd.

(Hotels,

Restaurants

&

Leisure)

14,456

Xcel

Energy,

Inc.

(Electric

Utilities)

1,144

80,881

Xylem,

Inc.

(Machinery)

58,476

Yum!

Brands,

Inc.

(Hotels,

Restaurants

&

Leisure)

556

83,645

Zebra

Technologies

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

26,033

Zimmer

Biomet

Holdings,

Inc.

(Health

Care

Equipment

&

Supplies)

41,117

Zoetis,

Inc.

(Pharmaceuticals)

891

139,352

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $27,102,718)

93,955,984

Repurchase

Agreements

(c)(d) (24.2%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$31,217,666

$

31,214,000

31,214,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$31,214,000)

31,214,000

Collateral

for

Securities

Loaned

(e) NM

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 4.37%

(f) 12,912

12,912

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $12,912)

12,912

TOTAL

INVESTMENT

SECURITIES

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

$58,329,630)— 97.2%

125,182,896

Net

other

assets

(liabilities) —

2.8%

3,659,526

NET

ASSETS

—

100.0%

$

128,842,422

\*

Non-income

producing

security.

(a) Number

of

shares

is

less

than

0.50. (b) All

or

part

of

this

security

was

on

loan

as

of

April

30,

2025. The

total

value

of

securities

on

loan

as

of

April

30,

2025

was

$12,632.

(c) The

ProFund

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) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$18,045,000.

(e) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

April

30,

2025. (f) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

April

30,

2025. NM

Not

meaningful,

amount

is

less

than

0.05%

REIT

Real

Estate

Investment

Trust

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

UltraBull

ProFund

Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

E-Mini

S&P

500

Futures

Contracts

6/23/25

$

22,068,650

$

(162,559)

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

5/27/25

5.08%

$

57,288,920

$

385,810

SPDR

S&P

500

ETF

Goldman

Sachs

International

5/27/25

4.99%

21,419,432

127,001

$78,708,352

$512,811

S&P

500

UBS

AG

5/27/25

5.13%

48,122,804

338,647

SPDR

S&P

500

ETF

UBS

AG

5/27/25

5.13%

15,096,334

96,168

$63,219,138

$434,815

$141,927,490

$947,626

(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

April

30,

2025,

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).

UltraBull

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

1,561,036

1.2%

Air

Freight

&

Logistics

283,812

0.2%

Automobile

Components

26,190

NM

Automobiles

1,738,995

1.4%

Banks

3,205,586

2.5%

Beverages

1,186,292

0.9%

Biotechnology

1,721,558

1.3%

Broadline

Retail

3,527,763

2.7%

Building

Products

509,665

0.4%

Capital

Markets

3,000,269

2.3%

Chemicals

1,220,554

1.0%

Commercial

Services

&

Supplies

601,017

0.5%

Communications

Equipment

827,970

0.6%

Construction

&

Engineering

85,758

0.1%

Construction

Materials

132,133

0.1%

Consumer

Finance

562,614

0.4%

Consumer

Staples

Distribution

&

Retail

2,061,680

1.6%

Containers

&

Packaging

222,325

0.2%

Distributors

73,906

0.1%

Diversified

Telecommunication

Services

765,398

0.6%

Electric

Utilities

1,546,023

1.2%

Electrical

Equipment

739,224

0.6%

Electronic

Equipment,

Instruments

&

Components

566,544

0.5%

Energy

Equipment

&

Services

197,183

0.1%

Entertainment

1,539,248

1.2%

Financial

Services

4,626,508

3.6%

Food

Products

617,120

0.5%

Gas

Utilities

50,759

NM

Value

%

of

Net

Assets

Ground

Transportation

$

882,988

0.7%

Health

Care

Equipment

&

Supplies

2,309,947

1.8%

Health

Care

Providers

&

Services

2,055,254

1.6%

Health

Care

REITs

271,176

0.2%

Hotel

&

Resort

REITs

19,697

NM

Hotels,

Restaurants

&

Leisure

1,977,178

1.5%

Household

Durables

274,766

0.2%

Household

Products

1,078,160

0.8%

Independent

Power/Renewable

Electricity

Producers

102,079

0.1%

Industrial

Conglomerates

852,899

0.6%

Industrial

REITs

188,559

0.2%

Insurance

2,152,037

1.7%

Interactive

Media

&

Services

5,766,163

4.5%

IT

Services

1,093,474

0.9%

Leisure

Products

16,280

NM

Life

Sciences

Tools

&

Services

859,934

0.7%

Machinery

1,463,773

1.1%

Media

455,461

0.3%

Metals

&

Mining

314,862

0.2%

Multi-Utilities

652,422

0.5%

Office

REITs

40,989

0.1%

Oil,

Gas

&

Consumable

Fuels

2,793,209

2.2%

Passenger

Airlines

131,578

0.1%

Personal

Care

Products

118,057

0.1%

Pharmaceuticals

3,225,714

2.5%

Professional

Services

649,959

0.5%

Real

Estate

Management

&

Development

133,996

0.1%

Residential

REITs

268,286

0.2%

Retail

REITs

262,128

0.2%

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraBull

ProFund

Value

%

of

Net

Assets

Semiconductors

&

Semiconductor

Equipment

$

9,505,428

7.4%

Software

9,908,439

7.7%

Specialized

REITs

932,643

0.7%

Specialty

Retail

1,799,544

1.4%

Technology

Hardware,

Storage

&

Peripherals

6,639,370

5.1%

Textiles,

Apparel

&

Luxury

Goods

273,652

0.2%

Tobacco

730,109

0.6%

Trading

Companies

&

Distributors

265,720

0.2%

Water

Utilities

57,334

0.1%

Wireless

Telecommunication

Services

235,590

0.2%

Other

\*\*

34,886,438

27.0%

Total

$

128,842,422

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

::

April

30,

2025

(unaudited)

UltraChina

ProFund

Common

Stocks

(80

.5

%)

Shares

Value

21VIANET

GROUP

INC-ADR

\*ADR

(IT

Services)

6,761

$

42,527

Agora,

Inc.

\*ADR

(Software)

3,212

10,535

Alibaba

Group

Holding,

Ltd.

ADR

(Broadline

Retail)

27,378

3,269,754

Atour

Lifestyle

Holdings

Ltd

\*ADR

(Hotels,

Restaurants

&

Leisure)

1,809

44,212

Autohome,

Inc.

ADR

ADR

(Interactive

Media

&

Services)

2,892

78,894

Baidu,

Inc.

\*ADR

(Interactive

Media

&

Services)

9,143

802,938

BeiGene,

Ltd.

\*ADR

(Biotechnology)

2,761

717,335

Bilibili,

Inc.

\*ADR(a)

(Entertainment)

11,982

209,685

Canaan,

Inc.

\*ADR

(Technology

Hardware,

Storage

&

Peripherals)

11,660

8,204

Daqo

New

Energy

Corp.

\*ADR

(Semiconductors

&

Semiconductor

Equipment)

2,028

25,837

EHang

Holdings,

Ltd.

\*ADR

(Aerospace

&

Defense)

1,891

31,674

FinVolution

Group

\*ADR

(Consumer

Finance)

6,152

48,662

Full

Truck

Alliance

Co.,

Ltd.

\*ADR

(Ground

Transportation)

32,364

367,655

GDS

Holdings,

Ltd.

\*ADR

(IT

Services)

5,334

134,470

H

World

Group,

Ltd.

ADR

(Hotels,

Restaurants

&

Leisure)

7,340

251,322

Hello

Group,

Inc.

\*ADR

(Interactive

Media

&

Services)

5,148

29,395

Hesai

Group

\*ADR

(Electrical

Equipment)

2,420

45,520

iQIYI,

Inc.

\*ADR(a)

(Entertainment)

19,492

35,865

JD.com,

Inc.

\*ADR

(Broadline

Retail)

46,525

1,517,646

JinkoSolar

Holding

Co.,

Ltd

\*ADR

(Semiconductors

&

Semiconductor

Equipment)

1,814

31,128

JOYY,

Inc.

\*ADR

(Interactive

Media

&

Services)

1,480

60,917

Kanzhun,

Ltd.

\*ADR

(Interactive

Media

&

Services)

14,579

223,059

KE

Holdings,

Inc.

\*ADR

(Real

Estate

Management

&

Development)

30,765

624,530

Kingsoft

Cloud

Holdings,

Ltd.

\*ADR(a)

(IT

Services)

6,148

83,551

Legend

Biotech

Corp.

\*ADR

(Biotechnology)

3,490

121,976

LexinFintech

Holding,

Ltd.

\*ADR

(Consumer

Finance)

4,532

35,576

Li

Auto,

Inc.

\*ADR

(Automobiles)

28,415

693,043

Lufax

Holding,

Ltd.

\*ADR

(Consumer

Finance)

20,946

60,743

MINISO

Group

Holding,

Ltd.

\*ADR(a)

(Broadline

Retail)

5,405

97,452

NetEase,

Inc.

ADR

(Entertainment)

8,055

862,369

New

Oriental

Education

&

Technology

Group,

Inc.

\*ADR

(Diversified

Consumer

Services)

5,328

260,273

NIO,

Inc.

\*ADR(a)

(Automobiles)

73,986

299,643

PDD

Holdings,

Inc.

\*ADR

(Broadline

Retail)

23,885

2,521,539

Qifu

Technology,

Inc.

ADR

(Consumer

Finance)

4,722

193,745

RLX

Technology,

Inc.

\*ADR

(Tobacco)

27,007

50,233

Structure

Therapeutics,

Inc.

\*ADR(a)

(Pharmaceuticals)

2,191

59,157

TAL

Education

Group

\*ADR

(Diversified

Consumer

Services)

24,136

211,190

Tencent

Music

Entertainment

Group

ADR

(Entertainment)

28,136

377,585

Trip.com

Group,

Ltd.

\*ADR

(Hotels,

Restaurants

&

Leisure)

13,710

808,752

Common

Stocks

(80.5%),

continued

Shares

Value

Up

Fintech

Holding,

Ltd.

\*ADR

(Capital

Markets)

4,347

$

35,863

Vipship

Holdings,

Ltd.

ADR

(Broadline

Retail)

14,841

202,134

Weibo

Corp.

ADR

(Interactive

Media

&

Services)

3,624

29,354

XPeng,

Inc.

\*ADR

(Automobiles)

28,954

538,544

Zai

Lab,

Ltd.

\*ADR

(Biotechnology)

4,168

132,084

ZEEKR

Intelligent

Technology

Holding,

Ltd.

\*ADR

(Automobiles)

848

18,232

ZTO

Express

Cayman,

Inc.

ADR

(Air

Freight

&

Logistics)

16,079

297,462

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $10,409,456)

16,602,264

Repurchase

Agreements

(b) (c) (27

.2

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$5,598,657

$

5,598,000

5,598,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$5,598,000)

5,598,000

Collateral

for

Securities

Loaned

(d) (3.5%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 4.37%

(e) 725,198

725,198

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $725,198)

725,198

TOTAL

INVESTMENT

SECURITIES

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

$16,732,654)— 111.2%

22,925,462

Net

other

assets

(liabilities)

—

(11

.2)

%

(2,314,232)

NET

ASSETS

—

100.0%

$

20,611,230

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

April

30,

2025. The

total

value

of

securities

on

loan

as

of

April

30,

2025

was

$692,203.

(b) The

ProFund

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) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$4,781,000.

(d) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

April

30,

2025. (e) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

April

30,

2025. ADR

American

Depositary

Receipt

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

China

Select

ADR

Index

(USD)

Goldman

Sachs

International

5/27/25

5.08%

$

3,538,236

$

11,866

S&P

China

Select

ADR

Index

(USD)

UBS

AG

5/27/25

4.93%

21,104,505

70,370

$24,642,741

$82,236

(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

April

30,

2025,

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).

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraChina

ProFund

UltraChina

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

31,674

0.2%

Air

Freight

&

Logistics

297,462

1.4%

Automobiles

1,549,462

7.5%

Biotechnology

971,395

4.7%

Broadline

Retail

7,608,526

36.9%

Capital

Markets

35,863

0.2%

Consumer

Finance

338,725

1.6%

Diversified

Consumer

Services

471,463

2.3%

Electrical

Equipment

45,520

0.2%

Entertainment

1,485,504

7.2%

Ground

Transportation

367,655

1.8%

Hotels,

Restaurants

&

Leisure

1,104,286

5.4%

Interactive

Media

&

Services

1,224,557

5.9%

IT

Services

260,548

1.3%

Pharmaceuticals

59,157

0.3%

Real

Estate

Management

&

Development

624,530

3.0%

Semiconductors

&

Semiconductor

Equipment

56,965

0.3%

Software

10,535

0.1%

Technology

Hardware,

Storage

&

Peripherals

8,204

NM

Tobacco

50,233

0.2%

Other

\*\*

4,008,966

.5

%

Total

$

20,611,230

100.0%

UltraChina

ProFund

invested

in

securities

with

exposure

to

the

following

countries

as

or

April

30,

2025:

Value

%

of

Net

Assets

China

$

16,602,264

80.5%

Other

\*\*

4,008,966

.5

%

Total

$

20,611,230

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%

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

UltraDow

ProFund

.

Common

Stocks

(74

.8

%)

Shares

Value

3M

Co.

(Industrial

Conglomerates)

3,943

$

547,722

Amazon.com,

Inc.

\*

(Broadline

Retail)

3,941

726,799

American

Express

Co.

(Consumer

Finance)

3,945

1,050,987

Amgen,

Inc.

(Biotechnology)

3,946

1,147,970

Apple,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

3,941

837,463

Caterpillar,

Inc.

(Machinery)

3,946

1,220,379

Chevron

Corp.

(Oil,

Gas

&

Consumable

Fuels)

3,942

536,349

Cisco

Systems,

Inc.

(Communications

Equipment)

3,944

227,687

Honeywell

International,

Inc.

(Industrial

Conglomerates)

3,941

829,581

International

Business

Machines

Corp.

(IT

Services)

3,943

953,496

Johnson

&

Johnson

(Pharmaceuticals)

3,942

616,174

JPMorgan

Chase

&

Co.

(Banks)

3,943

964,537

McDonald's

Corp.

(Hotels,

Restaurants

&

Leisure)

3,946

1,261,339

Merck

&

Co.,

Inc.

(Pharmaceuticals)

3,944

336,029

Microsoft

Corp.

(Software)

3,946

1,559,696

NIKE,

Inc.

-

Class

B

(Textiles,

Apparel

&

Luxury

Goods)

3,944

222,442

NVIDIA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

3,942

429,363

Salesforce,

Inc.

(Software)

3,944

1,059,792

The

Boeing

Co.

\*

(Aerospace

&

Defense)

3,941

722,149

The

Coca-Cola

Co.

(Beverages)

3,945

286,210

The

Goldman

Sachs

Group,

Inc.

(Capital

Markets)

3,946

2,160,632

The

Home

Depot,

Inc.

(Specialty

Retail)

3,946

1,422,493

The

Procter

&

Gamble

Co.

(Household

Products)

3,941

640,688

The

Sherwin-Williams

Co.

(Chemicals)

3,946

1,392,622

The

Travelers

Cos.,

Inc.

(Insurance)

3,943

1,041,465

The

Walt

Disney

Co.

(Entertainment)

3,943

358,616

Common

Stocks

(74.8%),

continued

Shares

Value

UnitedHealth

Group,

Inc.

(Health

Care

Providers

&

Services)

3,946

$

1,623,542

Verizon

Communications,

Inc.

(Diversified

Telecommunication

Services)

3,947

173,905

Visa,

Inc.

-

Class

A

(Financial

Services)

3,946

1,363,343

Walmart,

Inc.

(Consumer

Staples

Distribution

&

Retail)

3,943

383,457

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $9,140,969)

26,096,927

Repurchase

Agreements

(a)(b) (23.7%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$8,275,972

$

8,275,000

8,275,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$8,275,000)

8,275,000

TOTAL

INVESTMENT

SECURITIES

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

$17,415,969)— 98.5%

34,371,927

Net

other

assets

(liabilities)

—

.5

%

516,972

NET

ASSETS

—

100.0%

$

34,888,899

\*

Non-income

producing

security.

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$5,412,000.

Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

E-mini

Dow

Jones

Futures

Contracts

6/23/25

$

1,223,100

$

(31,530)

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

5/27/25

5.08%

$

17,717,115

$

182,665

SPDR

Dow

Jones

Industrial

Average

ETF

Goldman

Sachs

International

5/27/25

4.92%

6,111,916

59,568

$23,829,031

$242,233

Dow

Jones

Industrial

Average

UBS

AG

5/27/25

5.13%

15,501,196

164,012

SPDR

Dow

Jones

Industrial

Average

ETF

UBS

AG

5/27/25

5.13%

3,163,534

30,796

$18,664,730

$194,808

$42,493,761

$437,041

(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

April

30,

2025,

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).

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraDow

ProFund

UltraDow

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

722,149

2.1%

Banks

964,537

2.8%

Beverages

286,210

0.8%

Biotechnology

1,147,970

3.3%

Broadline

Retail

726,799

2.1%

Capital

Markets

2,160,632

6.2%

Chemicals

1,392,622

4.0%

Communications

Equipment

227,687

0.7%

Consumer

Finance

1,050,987

3.0%

Consumer

Staples

Distribution

&

Retail

383,457

1.1%

Diversified

Telecommunication

Services

173,905

0.5%

Entertainment

358,616

1.0%

Financial

Services

1,363,343

3.9%

Health

Care

Providers

&

Services

1,623,542

4.7%

Hotels,

Restaurants

&

Leisure

1,261,339

3.6%

Household

Products

640,688

1.9%

Industrial

Conglomerates

1,377,303

3.9%

Insurance

1,041,465

3.0%

IT

Services

953,496

2.7%

Machinery

1,220,379

3.5%

Oil,

Gas

&

Consumable

Fuels

536,349

1.5%

Pharmaceuticals

952,203

2.7%

Semiconductors

&

Semiconductor

Equipment

429,363

1.2%

Software

2,619,488

7.5%

Specialty

Retail

1,422,493

4.1%

Technology

Hardware,

Storage

&

Peripherals

837,463

2.4%

Textiles,

Apparel

&

Luxury

Goods

222,442

0.6%

Other

\*\*

8,791,972

.2

%

Total

$

34,888,899

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

::

April

30,

2025

(unaudited)

UltraEmerging

Markets

ProFund

Common

Stocks

(82

.3

%)

Shares

Value

Alibaba

Group

Holding,

Ltd.

ADR

(Broadline

Retail)

6,904

$

824,544

Ambev

S.A.

ADR

(Beverages)

17,517

44,318

America

Movil

S.A.B.

de

C.V.

ADR

(Wireless

Telecommunication

Services)

3,479

59,978

ASE

Technology

Holding

Co.,

Ltd.

ADR

(Semiconductors

&

Semiconductor

Equipment)

7,090

61,896

Baidu,

Inc.

\*ADR

(Interactive

Media

&

Services)

1,174

103,101

Banco

Bradesco

S.A.

ADR

(Banks)

21,229

52,223

Banco

de

Chile

ADR

(Banks)

967

28,546

BeiGene,

Ltd.

\*ADR

(Biotechnology)

70,668

Bilibili,

Inc.

\*ADR(a)

(Entertainment)

1,173

20,528

Cemex

S.A.B.

de

C.V.

ADR

(Construction

Materials)

6,806

41,993

Centrais

Eletricas

Brasileiras

S.A.

ADR

(Electric

Utilities)

4,096

31,539

Chunghwa

Telecom

Co.,

Ltd.

ADR

(Diversified

Telecommunication

Services)

1,590

64,300

Cia

de

Saneamento

Basico

do

Estado

de

Sao

Paulo

SABESP

ADR

(Water

Utilities)

1,733

35,232

Dr.

Reddy's

Laboratories,

Ltd.

ADR

(Pharmaceuticals)

2,598

36,164

Embraer

S.A.

\*ADR

(Aerospace

&

Defense)

725

33,307

Fomento

Economico

Mexicano

S.A.B.

de

C.V.

ADR

(Beverages)

724

76,245

Full

Truck

Alliance

Co.,

Ltd.

ADR

(Ground

Transportation)

2,999

34,069

Gold

Fields,

Ltd.

ADR

(Metals

&

Mining)

3,687

83,105

Grupo

Aeroportuario

del

Pacifico

S.A.B.

de

C.V.

ADR

(Transportation

Infrastructure)

33,909

H

World

Group,

Ltd.

ADR

(Hotels,

Restaurants

&

Leisure)

716

24,516

Harmony

Gold

Mining

Co.,

Ltd.

ADR

(Metals

&

Mining)

2,256

35,893

HDFC

Bank,

Ltd.

ADR

(Banks)

6,293

457,438

ICICI

Bank,

Ltd.

ADR

(Banks)

9,341

313,484

Infosys,

Ltd.

ADR

(IT

Services)

14,536

255,833

Itau

Unibanco

Holding

S.A.

ADR

(Banks)

21,722

137,065

JD.com,

Inc.

ADR

(Broadline

Retail)

5,880

191,806

KB

Financial

Group,

Inc.

ADR

(Banks)

1,447

91,132

KE

Holdings,

Inc.

ADR

(Real

Estate

Management

&

Development)

2,731

55,439

Li

Auto,

Inc.

\*ADR

(Automobiles)

2,484

60,585

NetEase,

Inc.

ADR

(Entertainment)

1,473

157,699

New

Oriental

Education

&

Technology

Group,

Inc.

\*ADR

(Diversified

Consumer

Services)

23,741

NIO,

Inc.

\*ADR(a)

(Automobiles)

7,721

31,270

PDD

Holdings,

Inc.

\*ADR

(Broadline

Retail)

2,153

227,292

Petroleo

Brasileiro

S.A.

ADR

(Oil,

Gas

&

Consumable

Fuels)

7,665

86,538

POSCO

Holdings,

Inc.

ADR

(Metals

&

Mining)

1,183

53,862

Shinhan

Financial

Group

Co.,

Ltd.

ADR

(Banks)

1,947

70,053

Suzano

S.A.

ADR

(Paper

&

Forest

Products)

2,799

24,799

Taiwan

Semiconductor

Manufacturing

Co.,

Ltd.

ADR

(Semiconductors

&

Semiconductor

Equipment)

6,746

1,124,490

TAL

Education

Group

\*ADR

(Diversified

Consumer

Services)

2,342

20,493

Telkom

Indonesia(Persero)

Tbk

PT

ADR

(Diversified

Telecommunication

Services)

1,813

28,337

Tencent

Music

Entertainment

Group

ADR

(Entertainment)

2,784

37,361

Trip.com

Group,

Ltd.

\*ADR

(Hotels,

Restaurants

&

Leisure)

2,162

127,536

Common

Stocks

(82.3%),

continued

Shares

Value

United

Microelectronics

Corp.

ADR(a)

(Semiconductors

&

Semiconductor

Equipment)

9,621

$

67,732

Vale

S.A.

ADR

(Metals

&

Mining)

14,744

137,267

Vipship

Holdings,

Ltd.

ADR

(Broadline

Retail)

1,397

19,027

Wipro,

Ltd.

ADR

(IT

Services)

11,939

34,146

Woori

Financial

Group,

Inc.

ADR

(Banks)

884

32,770

XPeng,

Inc.

\*ADR

(Automobiles)

2,714

50,480

ZTO

Express

Cayman,

Inc.

ADR

(Air

Freight

&

Logistics)

1,563

28,916

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $2,986,553)

5,742,665

Preferred

Stocks

(1.3%)

Petroleo

Brasileiro

S.A.

ADR

(Oil,

Gas

&

Consumable

Fuels)

8,660

91,450

TOTAL

PREFERRED

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $24,756)

91,450

Repurchase

Agreements

(b) (c) (14

.0

%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$991,116

$

991,000

991,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$991,000)

991,000

Collateral

for

Securities

Loaned

(d) (1.6%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 4.37%

(e) 111,081

111,081

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $111,081)

111,081

TOTAL

INVESTMENT

SECURITIES

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

$4,113,390)— 97.9%

6,936,196

Net

other

assets

(liabilities)

—

.1

%

147,409

NET

ASSETS

—

100.0%

$

7,083,605

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

April

30,

2025. The

total

value

of

securities

on

loan

as

of

April

30,

2025

was

$105,773.

(b) The

ProFund

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) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$209,000.

(d) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

April

30,

2025. (e) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

April

30,

2025. ADR

American

Depositary

Receipt

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

5/27/25

5.08%

$

4,425,557

$

29,700

S&P

Emerging

ADR

Index

(USD)

UBS

AG

5/27/25

5.13%

3,928,211

30,878

$8,353,768

$60,578

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraEmerging

Markets

ProFund

(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

April

30,

2025,

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).

UltraEmerging

Markets

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

33,306

0.4%

Air

Freight

&

Logistics

28,916

0.4%

Automobiles

142,335

2.0%

Banks

1,182,712

16.7%

Beverages

120,562

1.7%

Biotechnology

70,669

1.0%

Broadline

Retail

1,262,670

17.8%

Construction

Materials

41,993

0.6%

Diversified

Consumer

Services

44,233

0.6%

Diversified

Telecommunication

Services

92,637

1.3%

Electric

Utilities

31,539

0.4%

Entertainment

215,588

3.0%

Ground

Transportation

34,069

0.5%

Hotels,

Restaurants

&

Leisure

152,052

2.2%

Interactive

Media

&

Services

103,101

1.5%

IT

Services

289,979

4.1%

Metals

&

Mining

310,127

4.4%

Oil,

Gas

&

Consumable

Fuels

177,988

2.5%

Paper

&

Forest

Products

24,799

0.3%

Pharmaceuticals

36,164

0.5%

Real

Estate

Management

&

Development

55,439

0.8%

Semiconductors

&

Semiconductor

Equipment

1,254,118

17.7%

Transportation

Infrastructure

33,909

0.5%

Water

Utilities

35,232

0.5%

Wireless

Telecommunication

Services

59,978

0.9%

Other

\*\*

1,249,490

.7

%

Total

$

7,083,605

100.0%

UltraEmerging

Markets

ProFund

invested

in

securities

with

exposure

to

the

following

countries

as

or

April

30,

2025:

Value

%

of

Net

Assets

Brazil

$

673,738

9.2%

Chile

28,546

0.4%

China

2,109,072

29.8%

India

1,097,065

15.5%

Indonesia

28,337

0.4%

Mexico

212,124

3.1%

South

Africa

118,998

1.7%

South

Korea

247,817

3.6%

Taiwan

1,318,418

18.6%

Other

\*\*

1,249,490

.7

%

Total

$

7,083,605

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

::

April

30,

2025

(unaudited)

UltraInternational

ProFund

Repurchase

Agreements

(a)(b) (100.0%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$6,926,813

$

6,926,000

$

6,926,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$6,926,000)

6,926,000

TOTAL

INVESTMENT

SECURITIES

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

$6,926,000)— 100.0%

6,926,000

Net

other

assets

(liabilities) — N

M

(2,405)

NET

ASSETS

—

100.0%

$

6,923,595

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$370,000.

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)

MSCI

EAFE

Index

Goldman

Sachs

International

5/27/25

4.98%

$

7,379,679

$

(2,469)

MSCI

EAFE

Index

UBS

AG

5/27/25

5.13%

6,508,071

(1,903)

$13,887,750

$(4,372)

(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

April

30,

2025,

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).

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraJapan

ProFund

Repurchase

Agreements

(a)(b) (71.1%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$11,468,347

$

11,467,000

$

11,467,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$11,467,000)

11,467,000

TOTAL

INVESTMENT

SECURITIES

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

$11,467,000)— 71.1%

11,467,000

Net

other

assets

(liabilities) —

28.9%

4,663,019

NET

ASSETS

—

100.0%

$

16,130,019

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$40,000.

Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

Nikkei

Futures

Contracts

6/13/25

$

32,067,975

$

(27,703)

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

5/27/25

4.78%

$

245,776

$

598

(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

April

30,

2025,

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

::

April

30,

2025

(unaudited)

UltraLatin

America

ProFund

ui

Common

Stocks

(82.4%)

Shares

Value

Ambev

S.A.

ADR

(Beverages)

87,582

$

221,582

America

Movil

S.A.B.

de

C.V.

ADR

(Wireless

Telecommunication

Services)

17,771

306,372

Banco

Bradesco

S.A.

ADR

(Banks)

104,971

258,229

Banco

de

Chile

ADR

(Banks)

4,411

130,212

Banco

Macro

S.A.

\*ADR

(Banking)

38,595

BANCO

SANTANDER

CHILE

ADR

\*ADR

(Banks)

3,086

74,342

Bancolombia

S.A.

ADR

(Banks)

2,244

90,478

Cemex

S.A.B.

de

C.V.

ADR

(Construction

Materials)

30,048

185,396

Centrais

Eletricas

Brasileiras

S.A.

ADR

(Electric

Utilities)

18,106

139,416

Cia

De

Minas

Buenaventura

S.A.A

ADR

(Metals

&

Mining)

4,747

67,218

Cia

de

Saneamento

Basico

do

Estado

de

Sao

Paulo

SABESP

ADR

(Water

Utilities)

9,090

184,800

Cia

Energetica

de

Minas

Gerais

ADR

(Electric

Utilities)

37,818

71,476

Coca-Cola

FEMSA

SAB

de

CV

ADR

(Beverages)

1,043

98,178

Corp

Inmobiliaria

Vesta

SAB

de

CV

ADR

(Real

Estate

Management

&

Development)

1,752

48,040

Ecopetrol

S.A.

ADR(a)

(Oil,

Gas

&

Consumable

Fuels)

4,897

39,715

Embraer

S.A.

\*ADR

(Aerospace

&

Defense)

3,454

158,677

Fomento

Economico

Mexicano

S.A.B.

de

C.V.

ADR

(Beverages)

3,449

363,215

Gerdau

S.A.

\*ADR

(Metals

&

Mining)

26,477

69,105

Grupo

Aeroportuario

del

Centro

Norte

ADR

(Transportation

Infrastructure)

684

60,855

Grupo

Aeroportuario

del

Pacifico

S.A.B.

de

C.V.

ADR

(Transportation

Infrastructure)

810

166,463

Grupo

Aeroportuario

del

Sureste

S.A.B.

de

C.V.

ADR

(Transportation

Infrastructure)

109,523

Grupo

Financiero

Galicia

S.A.

\*ADR

(Banks)

2,387

144,175

Itau

Unibanco

Holding

S.A.

ADR

(Banks)

106,284

670,652

Latam

Airlines

Group

S.A.

\*ADR(a)

(Airlines)

1,860

58,497

Pampa

Energia

SA

\*ADR

(Electric

Utilities)

574

40,748

Petroleo

Brasileiro

S.A.

ADR

(Oil,

Gas

&

Consumable

Fuels)

37,098

418,836

Sociedad

Quimica

y

Minera

de

Chile

S.A.

ADR(a)

(Chemicals)

2,835

96,957

Suzano

S.A.

ADR

(Paper

&

Forest

Products)

13,801

122,277

Telefonica

Brasil

S.A.

ADR

(Diversified

Telecommunication

Services)

7,768

75,427

TIM

SA

Brazil

ADR

(Wireless

Telecommunication

Services)

3,172

52,909

Ultrapar

Participacoes

S.A.

ADR(a)

(Oil,

Gas

&

Consumable

Fuels)

14,392

45,335

Vale

S.A.

ADR

(Metals

&

Mining)

71,498

665,646

Vista

Energy

SAB

de

CV

\*ADR

(Oil,

Gas

&

Consumable

Fuels)

1,531

69,155

Common

Stocks

(82.4%),

continued

Shares

Value

YPF

S.A.

\*ADR

(Oil,

Gas

&

Consumable

Fuels)

3,825

$

113,985

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $2,892,647)

5,456,486

Preferred

Stocks

(6.3%)

Petroleo

Brasileiro

S.A.

ADR

(Oil,

Gas

&

Consumable

Fuels)

42,897

452,992

TOTAL

PREFERRED

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $93,393)

452,992

Repurchase

Agreements

(b)(c) (16.0%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$1,147,135

$

1,147,000

1,147,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$1,147,000)

1,147,000

Collateral

for

Securities

Loaned

(d) (3.3%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 4.37%

(e) 236,911

236,911

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $236,911)

236,911

TOTAL

INVESTMENT

SECURITIES

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

$4,369,951)— 101.7%

7,293,389

Net

other

assets

(liabilities) —

(1.7)%

(121,018)

NET

ASSETS

—

100.0%

$

7,172,371

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

April

30,

2025. The

total

value

of

securities

on

loan

as

of

April

30,

2025

was

$224,469.

(b) The

ProFund

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) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$224,000.

(d) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

April

30,

2025. (e) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

April

30,

2025. ADR

American

Depositary

Receipt

Total

Return

Swap

Agreements—Long

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

Latin

America

ADR

Index

(USD)

Goldman

Sachs

International

5/27/25

5.08%

$

3,833,067

$

(27,863)

S&P

Latin

America

ADR

Index

(USD)

UBS

AG

5/27/25

4.93%

4,575,054

(32,866)

$8,408,121

$(60,729)

(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

April

30,

2025,

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).

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraLatin

America

ProFund

UltraLatin

America

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

158,677

2.2%

Airlines

58,497

0.8%

Banking

38,595

0.5%

Banks

1,368,088

19.1%

Beverages

682,974

9.5%

Chemicals

96,957

1.3%

Construction

Materials

185,396

2.6%

Diversified

Telecommunication

Services

75,428

1.1%

Electric

Utilities

251,640

3.5%

Metals

&

Mining

801,969

11.2%

Oil,

Gas

&

Consumable

Fuels

1,140,018

15.9%

Paper

&

Forest

Products

122,277

1.7%

Real

Estate

Management

&

Development

48,040

0.7%

Transportation

Infrastructure

336,841

4.7%

Water

Utilities

184,800

2.6%

Wireless

Telecommunication

Services

359,281

5.0%

Other

\*\*

1,262,893

17.6%

Total

$

7,172,371

100.0%

UltraLatin

America

ProFund

invested

in

securities

with

exposure

to

the

following

countries

as

or

April

30,

2025:

Value

%

of

Net

Assets

Argentina

$

337,503

4.7%

Brazil

3,607,359

50.3%

Chile

360,009

4.9%

Colombia

130,193

1.9%

Mexico

1,407,196

19.7%

Peru

67,218

0.9%

Other

\*\*

1,262,893

17.6%

Total

$

7,172,371

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

::

April

30,

2025

(unaudited)

UltraMid-Cap

ProFund

Common

Stocks

(74.7%)

Shares

Value

AAON,

Inc.

(Building

Products)

534

$

48,738

Abercrombie

&

Fitch

Co.

\*

(Specialty

Retail)

27,768

Acadia

Healthcare

Company,

Inc.

\*

(Health

Care

Providers

&

Services)

736

17,222

Acuity

Brands,

Inc.

(Electrical

Equipment)

59,197

Advanced

Drainage

Systems,

Inc.

(Building

Products)

560

63,554

AECOM

(Construction

&

Engineering)

1,053

103,878

Affiliated

Managers

Group,

Inc.

(Capital

Markets)

38,592

AGCO

Corp.

(Machinery)

41,821

Agree

Realty

Corp.

(Retail

REITs)

849

65,891

Alaska

Air

Group,

Inc.

\*

(Passenger

Airlines)

975

43,163

Albertsons

Cos.,

Inc.

-

Class

A

(Consumer

Staples

Distribution

&

Retail)

3,219

70,754

Alcoa

Corp.

(Metals

&

Mining)

2,049

50,262

Allegro

MicroSystems,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,039

19,814

ALLETE,

Inc.

(Electric

Utilities)

29,994

Ally

Financial,

Inc.

(Consumer

Finance)

2,180

71,198

Amcor

PLC

(Containers

&

Packaging)

Amedisys,

Inc.

\*

(Health

Care

Providers

&

Services)

24,484

American

Airlines

Group,

Inc.

\*

(Passenger

Airlines)

5,218

51,919

American

Financial

Group,

Inc.

(Insurance)

571

72,323

American

Homes

Rent

-

Class

A

(Residential

REITs)

2,517

94,111

Amkor

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

901

15,722

Annaly

Capital

Management,

Inc.

(Mortgage

REITs)

4,591

89,983

Antero

Midstream

Corp.

(Oil,

Gas

&

Consumable

Fuels)

2,661

44,040

Antero

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

2,322

80,874

Appfolio,

Inc.

\*

-

Class

A

(Software)

38,000

Applied

Industrial

Technologies,

Inc.

(Trading

Companies

&

Distributors)

74,200

AptarGroup,

Inc.

(Containers

&

Packaging)

527

79,024

Aramark

(Hotels,

Restaurants

&

Leisure)

2,105

70,369

Arrow

Electronics,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

46,103

ASGN,

Inc.

\*

(IT

Services)

17,633

Ashland,

Inc.

(Chemicals)

20,396

Associated

Banc-Corp.

(Banks)

1,302

28,722

ATI,

Inc.

\*

(Metals

&

Mining)

1,132

61,558

Autoliv,

Inc.

(Automobile

Components)

566

52,767

AutoNation,

Inc.

\*

(Specialty

Retail)

35,875

Avantor,

Inc.

\*

(Life

Sciences

Tools

&

Services)

5,403

70,185

Avient

Corp.

(Chemicals)

725

24,150

Avis

Budget

Group,

Inc.

(Ground

Transportation)

12,412

Avnet,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

684

32,141

Axalta

Coating

Systems,

Ltd.

\*

(Chemicals)

1,732

56,290

Bank

OZK

(Banks)

837

35,656

Bath

&

Body

Works,

Inc.

(Retail

-

Discretionary)

1,719

52,447

Belden,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

32,892

BellRing

Brands,

Inc.

\*

(Personal

Care

Products)

1,018

78,529

BILL

Holdings,

Inc.

\*

(Software)

744

33,904

BioMarin

Pharmaceutical,

Inc.

\*

(Biotechnology)

1,511

96,236

Bio-Rad

Laboratories,

Inc.

\*

-

Class

A

(Life

Sciences

Tools

&

Services)

36,856

BJ's

Wholesale

Club

Holdings,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

1,047

123,085

Black

Hills

Corp.

(Multi-Utilities)

567

34,530

Blackbaud,

Inc.

\*

(Software)

18,223

Boyd

Gaming

Corp.

(Hotels,

Restaurants

&

Leisure)

526

36,368

Brighthouse

Financial,

Inc.

\*

(Insurance)

27,014

Brixmor

Property

Group,

Inc.

(Retail

REITs)

2,428

60,481

Bruker

Corp.

(Life

Sciences

Tools

&

Services)

880

35,253

Brunswick

Corp.

(Leisure

Products)

525

24,176

Burlington

Stores,

Inc.

\*

(Specialty

Retail)

112,294

BWX

Technologies,

Inc.

(Aerospace

&

Defense)

725

79,112

Common

Stocks

(74.7%),

continued

Shares

Value

Cabot

Corp.

(Chemicals)

$

33,694

CACI

International,

Inc.

\*

-

Class

A

(Professional

Services)

81,043

Cadence

Bank

(Banks)

1,458

42,661

Capri

Holdings,

Ltd.

\*

(Textiles,

Apparel

&

Luxury

Goods)

939

14,123

Carlisle

Cos.,

Inc.

(Building

Products)

133,578

Carpenter

Technology

Corp.

(Metals

&

Mining)

77,657

Casey's

General

Stores,

Inc.

(Consumer

Staples

Distribution

&

Retail)

136,463

Cava

Group,

Inc.

\*

(Leisure

Facilities

&

Services)

697

64,424

Celsius

Holdings,

Inc.

\*

(Beverages)

1,248

43,630

ChampionX

Corp.

(Energy

Equipment

&

Services)

1,514

36,533

Chart

Industries,

Inc.

\*

(Machinery)

45,083

Chemed

Corp.

(Health

Care

Providers

&

Services)

69,200

Chewy,

Inc.

\*

(Specialty

Retail)

1,315

49,313

Choice

Hotels

International,

Inc.

(Hotels,

Restaurants

&

Leisure)

22,321

Chord

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

43,852

Churchill

Downs,

Inc.

(Hotels,

Restaurants

&

Leisure)

583

52,709

Ciena

Corp.

\*

(Communications

Equipment)

1,128

75,756

Cirrus

Logic,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

40,433

Civitas

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

706

19,239

Clean

Harbors,

Inc.

\*

(Commercial

Services

&

Supplies)

86,218

Cleveland-Cliffs,

Inc.

\*

(Metals

&

Mining)

3,842

31,658

CNH

Industrial

N.V.

(Machinery)

6,936

80,250

CNO

Financial

Group,

Inc.

(Insurance)

807

30,618

CNX

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,182

34,786

Coca-Cola

Consolidated,

Inc.

(Beverages)

63,724

Cognex

Corp.

(Electronic

Equipment,

Instruments

&

Components)

1,350

36,855

Coherent

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,229

79,049

Columbia

Banking

System,

Inc.

(Banks)

1,664

37,307

Columbia

Sportswear

Co.

(Textiles,

Apparel

&

Luxury

Goods)

15,729

Comerica,

Inc.

(Banks)

1,042

56,008

Comfort

Systems

USA,

Inc.

(Construction

&

Engineering)

111,712

Commerce

Bancshares,

Inc.

(Banks)

968

58,796

Commercial

Metals

Co.

(Metals

&

Mining)

904

40,264

CommVault

Systems,

Inc.

\*

(Software)

58,161

Concentrix

Corp.

(Professional

Services)

18,790

COPT

Defense

Properties

(Office

REITs)

895

23,368

Core

&

Main,

Inc.

\*

-

Class

A

(Trading

Companies

&

Distributors)

1,506

79,336

Coty,

Inc.

\*

-

Class

A

(Personal

Care

Products)

2,908

14,685

Cousins

Properties,

Inc.

(Office

REITs)

1,330

36,628

Crane

Co.

(Machinery)

62,299

Crane

NXT

Co.

(Electronic

Equipment,

Instruments

&

Components)

18,299

Crocs,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

43,003

Crown

Holdings,

Inc.

(Containers

&

Packaging)

928

89,395

CubeSmart

(Specialized

REITs)

1,793

72,921

Cullen/Frost

Bankers,

Inc.

(Banks)

510

59,400

Curtiss-Wright

Corp.

(Aerospace

&

Defense)

102,777

Cytokinetics,

Inc.

\*

(Biotechnology)

937

40,141

Darling

Ingredients,

Inc.

\*

(Food

Products)

1,264

40,688

DENTSPLY

SIRONA,

Inc.

(Health

Care

Equipment

&

Supplies)

1,579

21,948

Dick's

Sporting

Goods,

Inc.

(Specialty

Retail)

85,985

DocuSign,

Inc.

\*

(Software)

1,602

130,963

Dolby

Laboratories,

Inc.

-

Class

A

(Software)

37,397

Donaldson

Co.,

Inc.

(Machinery)

947

62,246

Doximity,

Inc.

\*

-

Class

A

(Health

Care

Technology)

1,059

60,236

Dropbox,

Inc.

\*

-

Class

A

(Software)

1,718

49,049

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraMid-Cap

ProFund

Common

Stocks

(74.7%),

continued

Shares

Value

DT

Midstream,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

805

$

78,246

Duolingo,

Inc.

\*

(Diversified

Consumer

Services)

116,454

Dynatrace,

Inc.

\*

(Software)

2,374

111,507

Eagle

Materials,

Inc.

(Construction

Materials)

59,314

East

West

Bancorp,

Inc.

(Banks)

1,100

94,106

EastGroup

Properties,

Inc.

(Industrial

REITs)

67,166

EchoStar

Corp.

\*

-

Class

A

(Media)

960

21,581

elf

Beauty,

Inc.

\*

(Personal

Care

Products)

27,656

EMCOR

Group,

Inc.

(Construction

&

Engineering)

146,657

Encompass

Health

Corp.

(Health

Care

Providers

&

Services)

801

93,709

EnerSys

(Electrical

Equipment)

27,192

Entegris,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

1,198

94,785

Envista

Holdings

Corp.

\*

(Health

Care

Equipment

&

Supplies)

1,368

21,997

EPR

Properties

(Specialized

REITs)

601

29,743

Equitable

Holdings,

Inc.

(Financial

Services)

2,457

121,498

Equity

LifeStyle

Properties,

Inc.

(Residential

REITs)

1,517

98,271

Esab

Corp.

(Machinery)

53,934

Essent

Group,

Ltd.

(Financial

Services)

832

47,366

Essential

Utilities,

Inc.

(Water

Utilities)

2,004

82,425

Euronet

Worldwide,

Inc.

\*

(Financial

Services)

32,604

Evercore

Partners,

Inc.

(Capital

Markets)

57,481

Exelixis,

Inc.

\*

(Biotechnology)

2,221

86,952

ExlService

Holdings,

Inc.

\*

(Professional

Services)

1,276

61,860

Exponent,

Inc.

(Professional

Services)

31,787

F.N.B.

Corp.

(Banks)

2,854

37,359

Fabrinet

\*

(Electronic

Equipment,

Instruments

&

Components)

59,057

Federated

Hermes,

Inc.

(Capital

Markets)

618

25,097

Fidelity

National

Financial,

Inc.

(Insurance)

2,062

132,071

First

American

Financial

Corp.

(Insurance)

817

49,682

First

Financial

Bankshares,

Inc.

(Banks)

1,020

34,180

First

Horizon

Corp.

(Banks)

4,159

75,195

First

Industrial

Realty

Trust,

Inc.

(Industrial

REITs)

1,050

49,959

FirstCash

Holdings,

Inc.

(Consumer

Finance)

41,662

Five

Below,

Inc.

\*

(Specialty

Retail)

33,164

Flex,

Ltd.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,040

104,394

Floor

&

Decor

Holdings,

Inc.

\*

-

Class

A

(Specialty

Retail)

850

60,724

Flowers

Foods,

Inc.

(Food

Products)

1,556

27,370

Flowserve

Corp.

(Machinery)

1,042

47,130

Fluor

Corp.

\*

(Construction

&

Engineering)

1,361

47,485

Fortune

Brands

Innovations,

Inc.

(Building

Products)

985

53,013

Frontier

Communications

Parent,

Inc.

\*

(Diversified

Telecommunication

Services)

1,758

63,728

FTI

Consulting,

Inc.

\*

(Professional

Services)

46,392

GameStop

Corp.

\*

-

Class

A

(Specialty

Retail)

3,225

89,849

Gaming

and

Leisure

Properties,

Inc.

(Specialized

REITs)

2,177

104,191

GATX

Corp.

(Trading

Companies

&

Distributors)

41,015

Genpact,

Ltd.

(Professional

Services)

1,275

64,082

Gentex

Corp.

(Automobile

Components)

1,806

39,335

Glacier

Bancorp,

Inc.

(Banks)

903

36,806

Globus

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

903

64,808

Graco,

Inc.

(Machinery)

1,341

109,439

Graham

Holdings

Co.

-

Class

B

(Diversified

Consumer

Services)

23,001

Grand

Canyon

Education,

Inc.

\*

(Diversified

Consumer

Services)

40,847

Graphic

Packaging

Holding

Co.

(Containers

&

Packaging)

2,382

60,288

Greif,

Inc.

-

Class

A

(Containers

&

Packaging)

10,863

Common

Stocks

(74.7%),

continued

Shares

Value

Guidewire

Software,

Inc.

\*

(Software)

661

$

135,352

GXO

Logistics,

Inc.

\*

(Air

Freight

&

Logistics)

950

34,428

H&R

Block,

Inc.

(Diversified

Consumer

Services)

1,062

64,113

Haemonetics

Corp.

\*

(Health

Care

Equipment

&

Supplies)

25,145

Halozyme

Therapeutics,

Inc.

\*

(Biotechnology)

1,008

61,911

Hamilton

Lane,

Inc.

-

Class

A

(Capital

Markets)

52,990

Hancock

Whitney

Corp.

(Banks)

681

35,473

Harley-Davidson,

Inc.

(Automobiles)

909

20,380

Healthcare

Realty

Trust,

Inc.

(Health

Care

REITs)

2,814

43,701

HealthEquity,

Inc.

\*

(Health

Care

Providers

&

Services)

689

59,061

Hexcel

Corp.

(Aerospace

&

Defense)

645

31,263

HF

Sinaclair

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,272

38,249

Hilton

Grand

Vacations,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

16,580

Hims

&

Hers

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

1,517

50,213

Home

BancShares,

Inc.

(Banks)

1,469

40,765

Houlihan

Lokey,

Inc.

(Capital

Markets)

69,208

Hyatt

Hotels

Corp.

-

Class

A

(Hotels,

Restaurants

&

Leisure)

38,086

IDACORP,

Inc.

(Electric

Utilities)

49,834

Illumina,

Inc.

\*

(Life

Sciences

Tools

&

Services)

1,258

97,620

Independence

Realty

Trust,

Inc.

(Residential

REITs)

1,831

35,576

Ingredion,

Inc.

(Food

Products)

513

68,136

Insperity,

Inc.

(Professional

Services)

18,203

Interactive

Brokers

Group,

Inc.

(Capital

Markets)

864

148,478

International

Bancshares

Corp.

(Banks)

25,881

IPG

Photonics

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

12,637

Iridium

Communications,

Inc.

(Diversified

Telecommunication

Services)

864

20,848

ITT,

Inc.

(Machinery)

646

88,515

Janus

Henderson

Group

PLC

(Capital

Markets)

1,010

33,542

Jazz

Pharmaceuticals

PLC

\*

(Pharmaceuticals)

56,258

Jefferies

Financial

Group,

Inc.

(Capital

Markets)

1,291

60,328

Jones

Lang

LaSalle,

Inc.

\*

(Real

Estate

Management

&

Development)

85,734

KB

Home

(Household

Durables)

551

29,771

KBR,

Inc.

(Professional

Services)

1,057

55,820

Kemper

Corp.

(Insurance)

28,259

Kilroy

Realty

Corp.

(Office

REITs)

845

26,626

Kinsale

Capital

Group,

Inc.

(Insurance)

76,171

Kirby

Corp.

\*

(Marine

Transportation)

43,848

Kite

Realty

Group

Trust

(Retail

REITs)

1,743

37,736

Knife

River

Corp.

\*

(Construction

Materials)

41,741

Knight-Swift

Transportation

Holdings,

Inc.

(Ground

Transportation)

1,284

50,294

Kyndryl

Holdings,

Inc.

\*

(IT

Services)

1,848

59,912

Lamar

Advertising

Co.

-

Class

A

(Specialized

REITs)

698

79,439

Lancaster

Colony

Corp.

(Food

Products)

24,580

Landstar

System,

Inc.

(Ground

Transportation)

37,428

Lantheus

Holdings,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

552

57,596

Lattice

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,095

53,578

Lear

Corp.

(Automobile

Components)

36,444

Light

&

Wonder,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

702

59,937

Lincoln

Electric

Holdings,

Inc.

(Machinery)

78,761

Lithia

Motors,

Inc.

(Specialty

Retail)

62,358

Littelfuse,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

35,733

LivaNova

PLC

\*

(Health

Care

Equipment

&

Supplies)

15,873

Louisiana-Pacific

Corp.

(Paper

&

Forest

Products)

42,810

Lumentum

Holdings,

Inc.

\*

(Communications

Equipment)

549

32,413

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

UltraMid-Cap

ProFund

Common

Stocks

(74.7%),

continued

Shares

Value

MACOM

Technology

Solutions

Holdings,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

$

48,866

Macy's,

Inc.

(Broadline

Retail)

2,203

25,158

Manhattan

Associates,

Inc.

\*

(Software)

86,212

ManpowerGroup,

Inc.

(Professional

Services)

16,065

Maplebear,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

1,285

51,259

Marriott

Vacations

Worldwide

Corp.

(Hotels,

Restaurants

&

Leisure)

13,922

Masimo

Corp.

\*

(Health

Care

Equipment

&

Supplies)

56,497

MasTec,

Inc.

\*

(Construction

&

Engineering)

62,259

Matador

Resources

Co.

(Oil,

Gas

&

Consumable

Fuels)

921

36,416

Mattel,

Inc.

\*

(Leisure

Products)

2,676

42,522

Maximus,

Inc.

(Professional

Services)

29,931

Medpace

Holdings,

Inc.

\*

(Life

Sciences

Tools

&

Services)

61,061

MGIC

Investment

Corp.

(Financial

Services)

1,972

49,123

MKS

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

533

37,385

Morningstar,

Inc.

(Capital

Markets)

61,215

MSA

Safety,

Inc.

(Commercial

Services

&

Supplies)

49,272

MSC

Industrial

Direct

Co.,

Inc.

(Trading

Companies

&

Distributors)

27,074

Mueller

Industries,

Inc.

(Machinery)

903

66,425

Murphy

Oil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,088

22,337

Murphy

USA,

Inc.

(Specialty

Retail)

71,296

National

Fuel

Gas

Co.

(Gas

Utilities)

719

55,205

National

Retail

Properties,

Inc.

(Retail

REITs)

1,487

61,131

National

Storage

Affiliates

Trust

(Specialized

REITs)

558

20,758

Neurocrine

Biosciences,

Inc.

\*

(Biotechnology)

790

85,075

New

Jersey

Resources

Corp.

(Gas

Utilities)

798

39,054

New

York

Community

Bancorp,

Inc.

(Banks)

2,406

28,174

NewMarket

Corp.

(Chemicals)

36,918

Nexstar

Media

Group,

Inc.

(Media)

34,721

NEXTracker,

Inc.

\*

-

Class

A

(Electrical

Equipment)

1,140

46,295

Nordstrom,

Inc.

(Broadline

Retail)

774

18,684

NorthWestern

Energy

Group,

Inc.

(Multi-Utilities)

28,358

NOV,

Inc.

(Energy

Equipment

&

Services)

3,023

35,097

Novanta,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

34,232

nVent

Electric

PLC

(Electrical

Equipment)

1,306

71,713

OGE

Energy

Corp.

(Electric

Utilities)

1,595

72,382

Okta,

Inc.

\*

(IT

Services)

1,293

145,023

Old

National

Bancorp

(Banks)

2,531

52,113

Old

Republic

International

Corp.

(Insurance)

1,852

69,635

Olin

Corp.

(Chemicals)

918

19,847

Ollie's

Bargain

Outlet

Holdings,

Inc.

\*

(Broadline

Retail)

51,676

Omega

Healthcare

Investors,

Inc.

(Health

Care

REITs)

2,237

87,356

ONE

Gas,

Inc.

(Gas

Utilities)

35,172

Onto

Innovation,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

47,934

Option

Care

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

1,350

43,619

Ormat

Technologies,

Inc.

(Independent

Power/

Renewable

Electricity

Producers)

33,033

Oshkosh

Corp.

(Machinery)

517

43,304

Ovintiv,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

2,067

69,410

Owens

Corning

(Building

Products)

679

98,734

Park

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

1,640

16,302

Parsons

Corp.

\*

(Professional

Services)

24,805

Paylocity

Holding

Corp.

\*

(Professional

Services)

66,275

PBF

Energy,

Inc.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

778

13,366

Penske

Automotive

Group,

Inc.

(Specialty

Retail)

22,883

Penumbra,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

89,317

Common

Stocks

(74.7%),

continued

Shares

Value

Performance

Food

Group

Co.

\*

(Consumer

Staples

Distribution

&

Retail)

1,239

$

99,938

Permian

Resources

Corp.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

5,076

59,897

Perrigo

Co.

PLC

(Pharmaceuticals)

1,082

27,829

Pilgrim's

Pride

Corp.

\*

(Food

Products)

17,411

Pinnacle

Financial

Partners,

Inc.

(Banks)

608

60,946

Planet

Fitness,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

667

63,092

Polaris

Industries,

Inc.

(Leisure

Products)

14,127

Portland

General

Electric

Co.

(Electric

Utilities)

867

36,518

Post

Holdings,

Inc.

\*

(Food

Products)

40,968

PotlatchDeltic

Corp.

(Specialized

REITs)

568

21,806

Power

Integrations,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

22,104

Primerica,

Inc.

(Insurance)

68,662

Prosperity

Bancshares,

Inc.

(Banks)

757

51,400

Pure

Storage,

Inc.

\*

-

Class

A

(Technology

Hardware,

Storage

&

Peripherals)

2,457

111,450

PVH

Corp.

(Textiles,

Apparel

&

Luxury

Goods)

30,489

Qualys,

Inc.

\*

(Software)

36,707

Rambus,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

844

41,179

Range

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,914

64,942

Rayonier,

Inc.

(Specialized

REITs)

1,115

27,273

Rb

Global,

Inc.

(Commercial

Services

&

Supplies)

1,463

147,325

RBC

Bearings,

Inc.

\*

(Machinery)

81,485

Regal

Rexnord

Corp.

(Electrical

Equipment)

526

55,672

Reinsurance

Group

of

America,

Inc.

(Insurance)

524

98,150

Reliance

Steel

&

Aluminum

Co.

(Metals

&

Mining)

123,363

RenaissanceRe

Holdings,

Ltd.

(Insurance)

94,837

Repligen

Corp.

\*

(Life

Sciences

Tools

&

Services)

57,128

Rexford

Industrial

Realty,

Inc.

(Industrial

REITs)

1,805

59,746

RH

\*

(Specialty

Retail)

22,084

RLI

Corp.

(Insurance)

660

48,847

Roivant

Sciences,

Ltd.

\*

(Biotechnology)

3,340

38,811

Royal

Gold,

Inc.

(Metals

&

Mining)

523

95,557

RPM

International,

Inc.

(Chemicals)

1,020

108,884

Ryan

Specialty

Holdings,

Inc.

(Insurance)

843

55,225

Ryder

System,

Inc.

(Ground

Transportation)

45,982

Sabra

Health

Care

REIT,

Inc.

(Health

Care

REITs)

1,877

33,504

Saia,

Inc.

\*

(Ground

Transportation)

51,972

Sarepta

Therapeutics,

Inc.

\*

(Biotechnology)

759

47,362

Science

Applications

International

Corp.

(Professional

Services)

47,081

SEI

Investments

Co.

(Capital

Markets)

764

59,814

Selective

Insurance

Group,

Inc.

(Insurance)

42,219

Sensata

Technologies

Holding

PLC

(Electrical

Equipment)

1,192

25,509

Service

Corp.

International

(Diversified

Consumer

Services)

1,145

91,486

Shift4

Payments,

Inc.

\*

-

Class

A

(Financial

Services)

545

44,581

Silicon

Laboratories,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

25,949

Siligan

Holdings,

Inc.

(Containers

&

Packaging)

645

33,314

Simpson

Manufacturing

Co.,

Inc.

(Building

Products)

51,486

Skechers

U.S.A.,

Inc.

\*

-

Class

A

(Textiles,

Apparel

&

Luxury

Goods)

1,044

50,133

SLM

Corp.

(Consumer

Finance)

1,672

48,338

Sonoco

Products

Co.

(Containers

&

Packaging)

780

31,980

Sotera

Health

Co.

\*

(Life

Sciences

Tools

&

Services)

1,213

13,950

SouthState

Corp.

(Banks)

779

67,602

Southwest

Gas

Holdings,

Inc.

(Gas

Utilities)

34,589

Spire,

Inc.

(Gas

Utilities)

35,361

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraMid-Cap

ProFund

Common

Stocks

(74.7%),

continued

Shares

Value

Sprouts

Farmers

Market,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

794

$

135,774

STAG

Industrial,

Inc.

(Industrial

REITs)

1,481

48,917

Starwood

Property

Trust,

Inc.

(Mortgage

REITs)

2,541

48,762

Stifel

Financial

Corp.

(Capital

Markets)

810

69,409

Synaptics,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

17,366

Synovus

Financial

Corp.

(Banks)

1,121

48,562

Taylor

Morrison

Home

Corp.

\*

(Household

Durables)

820

47,027

TD

SYNNEX

Corp.

(Electronic

Equipment,

Instruments

&

Components)

598

66,258

Tempur

Sealy

International,

Inc.

(Household

Durables)

1,518

92,688

Tenet

Healthcare

Corp.

\*

(Health

Care

Providers

&

Services)

755

107,927

Terex

Corp.

(Machinery)

528

18,586

Tetra

Tech,

Inc.

(Commercial

Services

&

Supplies)

2,128

66,372

Texas

Capital

Bancshares,

Inc.

\*

(Banks)

24,943

Texas

Roadhouse,

Inc.

(Hotels,

Restaurants

&

Leisure)

529

87,792

The

Boston

Beer

Co.,

Inc.

\*

-

Class

A

(Beverages)

16,714

The

Brink's

Co.

(Commercial

Services

&

Supplies)

30,788

The

Carlyle

Group,

Inc.

(Capital

Markets)

1,675

64,722

The

Ensign

Group,

Inc.

(Health

Care

Providers

&

Services)

58,174

The

Gap,

Inc.

(Specialty

Retail)

1,767

38,697

The

Goodyear

Tire

&

Rubber

Co.

\*

(Automobile

Components)

2,262

24,611

The

Hanover

Insurance

Group,

Inc.

(Insurance)

48,003

The

Middleby

Corp.

\*

(Machinery)

56,807

The

New

York

Times

Co.

-

Class

A

(Media)

1,293

67,313

The

Scotts

Miracle-Gro

Co.

(Chemicals)

17,180

The

Timken

Co.

(Machinery)

506

32,511

The

Toro

Co.

(Machinery)

800

54,624

The

Wendy's

Co.

(Hotels,

Restaurants

&

Leisure)

1,361

17,013

The

Western

Union

Co.

(Financial

Services)

2,682

26,579

Thor

Industries,

Inc.

(Automobiles)

30,561

Toll

Brothers,

Inc.

(Household

Durables)

793

79,990

TopBuild

Corp.

\*

(Household

Durables)

69,208

Travel

+

Leisure

Co.

(Hotels,

Restaurants

&

Leisure)

543

23,854

Trex

Co.,

Inc.

\*

(Building

Products)

849

49,089

TXNM

Energy,

Inc.

(Electric

Utilities)

717

38,144

UFP

Industries,

Inc.

(Building

Products)

47,843

UGI

Corp.

(Gas

Utilities)

1,705

55,907

UMB

Financial

Corp.

(Banks)

541

51,162

Under

Armour,

Inc.

\*

-

Class

A

(Textiles,

Apparel

&

Luxury

Goods)

1,500

8,580

Under

Armour,

Inc.

\*

-

Class

C

(Textiles,

Apparel

&

Luxury

Goods)

1,017

5,532

United

Bankshares,

Inc.

(Banks)

1,132

38,816

United

States

Steel

Corp.

(Metals

&

Mining)

1,786

78,066

United

Therapeutics

Corp.

\*

(Biotechnology)

106,990

Universal

Display

Corp.

(Semiconductors

&

Semiconductor

Equipment)

43,971

Unum

Group

(Insurance)

1,302

101,113

US

Foods

Holding

Corp.

\*

(Consumer

Staples

Distribution

&

Retail)

1,829

120,092

Vail

Resorts,

Inc.

(Hotels,

Restaurants

&

Leisure)

41,203

Valaris,

Ltd.

\*

(Energy

Equipment

&

Services)

520

16,801

Valley

National

Bancorp

(Banks)

3,770

32,422

Valmont

Industries,

Inc.

(Construction

&

Engineering)

46,915

Valvoline,

Inc.

\*

(Specialty

Retail)

1,008

34,534

VF

Corp.

(Textiles,

Apparel

&

Luxury

Goods)

2,627

31,209

Viper

Energy,

Inc.

(Oil

&

Gas

Producers)

1,041

41,984

Visteon

Corp.

\*

(Automobile

Components)

17,343

Vontier

Corp.

(Electronic

Equipment,

Instruments

&

Components)

1,180

37,536

Common

Stocks

(74.7%),

continued

Shares

Value

Vornado

Realty

Trust

(Office

REITs)

1,319

$

46,535

Voya

Financial,

Inc.

(Financial

Services)

762

45,110

Warner

Music

Group

Corp.

\*

-

Class

A

(Entertainment)

1,152

35,078

Watsco,

Inc.

(Trading

Companies

&

Distributors)

126,916

Watts

Water

Technologies,

Inc.

-

Class

A

(Machinery)

45,082

Weatherford

International

PLC

(Energy

Equipment

&

Services)

576

23,846

Webster

Financial

Corp.

(Banks)

1,361

64,375

WESCO

International,

Inc.

(Trading

Companies

&

Distributors)

57,199

Western

Alliance

Bancorp

(Banks)

865

60,299

Westlake

Corp.

(Chemicals)

24,309

WEX,

Inc.

\*

(Financial

Services)

35,982

Whirlpool

Corp.

(Household

Durables)

33,487

Wingstop,

Inc.

(Hotels,

Restaurants

&

Leisure)

61,486

Wintrust

Financial

Corp.

(Banks)

527

58,587

Woodward,

Inc.

(Aerospace

&

Defense)

88,158

WP

Carey,

Inc.

(Equity

REIT

-

Diversified)

1,735

108,333

Wyndham

Hotels

&

Resorts,

Inc.

(Hotels,

Restaurants

&

Leisure)

616

52,545

XPO,

Inc.

\*

(Ground

Transportation)

930

98,692

YETI

Holdings,

Inc.

\*

(Leisure

Products)

673

19,214

Zions

Bancorp

N.A.

(Banks)

1,175

52,840

ZoomInfo

Technologies,

Inc.

\*

(Interactive

Media

&

Services)

2,153

18,430

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $13,657,767)

21,254,151

Repurchase

Agreements

(a)(b) (24.6%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$7,009,823

$

7,009,000

7,009,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$7,009,000)

7,009,000

TOTAL

INVESTMENT

SECURITIES

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

$20,666,767)— 99.3%

28,263,151

Net

other

assets

(liabilities) —

0.7%

201,332

NET

ASSETS

—

100.0%

$

28,464,483

\*

Non-income

producing

security.

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$4,553,000.

REIT

Real

Estate

Investment

Trust

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

UltraMid-Cap

ProFund

Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

E-Mini

S&P

MidCap

Futures

Contracts

6/23/25

$

2,572,020

$

(68,288)

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

5/27/25

4.98%

$

8,708,581

$

27,092

SPDR

S&P

MidCap

ETF

Goldman

Sachs

International

5/27/25

4.75%

5,589,844

13,449

$14,298,425

$40,541

S&P

MidCap

UBS

AG

5/27/25

5.13%

16,650,279

47,761

SPDR

S&P

MidCap

ETF

UBS

AG

5/27/25

5.13%

2,013,388

4,802

$18,663,667

$52,563

$32,962,092

$93,104

(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

April

30,

2025,

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).

UltraMid-Cap

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

301,310

1.1%

Air

Freight

&

Logistics

34,428

0.1%

Automobile

Components

170,500

0.6%

Automobiles

50,941

0.2%

Banks

1,390,555

4.9%

Beverages

124,068

0.4%

Biotechnology

563,478

2.0%

Broadline

Retail

95,518

0.3%

Building

Products

546,035

1.9%

Capital

Markets

740,877

2.6%

Chemicals

341,669

1.2%

Commercial

Services

&

Supplies

379,975

1.3%

Communications

Equipment

108,169

0.3%

Construction

&

Engineering

518,906

1.8%

Construction

Materials

101,055

0.4%

Consumer

Finance

161,198

0.6%

Consumer

Staples

Distribution

&

Retail

737,365

2.6%

Containers

&

Packaging

304,871

1.1%

Diversified

Consumer

Services

335,901

1.2%

Diversified

Telecommunication

Services

84,576

0.3%

Electric

Utilities

226,872

0.8%

Electrical

Equipment

285,578

1.0%

Electronic

Equipment,

Instruments

&

Components

595,186

2.1%

Energy

Equipment

&

Services

112,277

0.4%

Entertainment

35,078

0.1%

Equity

REIT

-

Diversified

108,333

0.4%

Financial

Services

402,843

1.4%

Food

Products

219,153

0.8%

Value

%

of

Net

Assets

Gas

Utilities

$

255,288

0.9%

Ground

Transportation

296,780

1.1%

Health

Care

Equipment

&

Supplies

353,181

1.3%

Health

Care

Providers

&

Services

523,609

1.8%

Health

Care

REITs

164,561

0.6%

Health

Care

Technology

60,236

0.2%

Hotel

&

Resort

REITs

16,302

NM

Hotels,

Restaurants

&

Leisure

657,277

2.3%

Household

Durables

352,171

1.2%

Independent

Power/Renewable

Electricity

Producers

33,033

0.1%

Industrial

REITs

225,788

0.8%

Insurance

1,042,829

3.6%

Interactive

Media

&

Services

18,430

0.1%

IT

Services

222,568

0.8%

Leisure

Facilities

&

Services

64,424

0.2%

Leisure

Products

100,039

0.4%

Life

Sciences

Tools

&

Services

372,053

1.3%

Machinery

1,068,302

3.8%

Marine

Transportation

43,848

0.2%

Media

123,615

0.4%

Metals

&

Mining

558,385

2.0%

Mortgage

REITs

138,745

0.5%

Multi-Utilities

62,888

0.2%

Office

REITs

133,157

0.5%

Oil

&

Gas

Producers

41,984

0.2%

Oil,

Gas

&

Consumable

Fuels

605,654

2.1%

Paper

&

Forest

Products

42,810

0.1%

Passenger

Airlines

95,082

0.3%

Personal

Care

Products

120,870

0.4%

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraMid-Cap

ProFund

Value

%

of

Net

Assets

Pharmaceuticals

$

84,087

0.3%

Professional

Services

562,133

2.0%

Real

Estate

Management

&

Development

85,734

0.3%

Residential

REITs

227,958

0.8%

Retail

-

Discretionary

52,447

0.2%

Retail

REITs

225,239

0.8%

Semiconductors

&

Semiconductor

Equipment

509,086

1.8%

Software

735,475

2.6%

Specialized

REITs

356,131

1.2%

Specialty

Retail

746,824

2.6%

Technology

Hardware,

Storage

&

Peripherals

111,450

0.4%

Textiles,

Apparel

&

Luxury

Goods

198,798

0.7%

Trading

Companies

&

Distributors

405,740

1.4%

Water

Utilities

82,425

0.3%

Other

\*\*

7,210,332

25.3%

Total

$

28,464,483

100.0%

NM

Not

meaningful,

amount

is

less

than

0.05%

\*\*

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

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

ProFund

Common

Stocks

(75.0%)

Shares

Value

Adobe,

Inc.

\*

(Software)

18,636

$

6,988,127

Advanced

Micro

Devices,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

69,440

6,759,984

Airbnb,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

18,549

2,261,494

Alphabet,

Inc.

-

Class

A

(Interactive

Media

&

Services)

101,596

16,133,445

Alphabet,

Inc.

-

Class

C

(Interactive

Media

&

Services)

95,743

15,404,091

Amazon.com,

Inc.

\*

(Broadline

Retail)

184,585

34,041,167

American

Electric

Power

Co.,

Inc.

(Electric

Utilities)

22,850

2,475,569

Amgen,

Inc.

(Biotechnology)

23,020

6,696,977

Analog

Devices,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

21,254

4,142,830

ANSYS,

Inc.

\*

(Software)

3,755

1,208,659

Apple,

Inc.

(Technology

Hardware,

Storage

&

Peripherals)

261,645

55,599,563

Applied

Materials,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

34,816

5,247,119

AppLovin

Corp

\*

-

Class

A

(Software)

13,253

3,569,165

ARM

Holdings

PLC

\*ADR(a)

(Semiconductors

&

Semiconductor

Equipment)

5,613

640,163

ASML

Holding

N.V.

ADRNYS

(Semiconductors

&

Semiconductor

Equipment)

3,869

2,584,801

AstraZeneca

PLC

ADR

(Pharmaceuticals)

24,956

1,791,591

Atlassian

Corp.

\*

-

Class

A

(Software)

7,026

1,604,106

Autodesk,

Inc.

\*

(Software)

9,212

2,526,391

Automatic

Data

Processing,

Inc.

(Professional

Services)

17,436

5,241,261

Axon

Enterprise,

Inc.

\*

(Aerospace

&

Defense)

3,284

2,014,077

Baker

Hughes

Co.

(Energy

Equipment

&

Services)

42,431

1,502,057

Biogen,

Inc.

\*

(Biotechnology)

6,273

759,535

Booking

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

1,405

7,164,488

Broadcom,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

135,027

25,988,646

Cadence

Design

Systems,

Inc.

\*

(Software)

11,745

3,496,956

CDW

Corp.

(Electronic

Equipment,

Instruments

&

Components)

5,678

911,660

Charter

Communications,

Inc.

\*

-

Class

A

(Media)

6,082

2,383,293

Cintas

Corp.

(Commercial

Services

&

Supplies)

17,292

3,660,371

Cisco

Systems,

Inc.

(Communications

Equipment)

170,479

9,841,753

Coca-Cola

European

Partners

PLC

(Beverages)

19,754

1,792,478

Cognizant

Technology

Solutions

Corp.

-

Class

A

(IT

Services)

21,198

1,559,537

Comcast

Corp.

-

Class

A

(Media)

161,620

5,527,404

Constellation

Energy

Corp.

(Electric

Utilities)

13,405

2,995,213

Copart,

Inc.

\*

(Commercial

Services

&

Supplies)

41,402

2,526,764

CoStar

Group,

Inc.

\*

(Real

Estate

Management

&

Development)

17,578

1,303,760

Costco

Wholesale

Corp.

(Consumer

Staples

Distribution

&

Retail)

19,021

18,916,385

Crowdstrike

Holdings,

Inc.

\*

-

Class

A

(Software)

10,019

4,296,849

CSX

Corp.

(Ground

Transportation)

81,190

2,279,004

Datadog,

Inc.

\*

-

Class

A

(Software)

13,597

1,389,070

Dexcom,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

16,750

1,195,615

Diamondback

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

12,404

1,637,452

DoorDash,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

16,905

3,260,805

Electronic

Arts,

Inc.

(Entertainment)

11,169

1,620,510

Exelon

Corp.

(Electric

Utilities)

43,079

2,020,405

Fastenal

Co.

(Trading

Companies

&

Distributors)

24,576

1,989,919

Fortinet,

Inc.

\*

(Software)

32,952

3,419,100

GE

HealthCare

Technologies,

Inc.

(Health

Care

Equipment

&

Supplies)

19,598

1,378,327

Gilead

Sciences,

Inc.

(Biotechnology)

53,366

5,685,614

GLOBALFOUNDRIES,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

23,686

830,668

Honeywell

International,

Inc.

(Industrial

Conglomerates)

27,849

5,862,215

IDEXX

Laboratories,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

3,485

1,507,785

Common

Stocks

(75.0%),

continued

Shares

Value

Intel

Corp.

(Semiconductors

&

Semiconductor

Equipment)

185,552

$

3,729,595

Intuit,

Inc.

(Software)

11,980

7,517,091

Intuitive

Surgical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

15,283

7,882,972

Keurig

Dr

Pepper,

Inc.

(Beverages)

58,142

2,011,132

KLA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

5,695

4,001,820

Lam

Research

Corp.

(Semiconductors

&

Semiconductor

Equipment)

55,010

3,942,567

Linde

PLC

(Chemicals)

20,265

9,184,706

Lululemon

Athletica,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

4,981

1,348,705

Marriott

International,

Inc.

-

Class

A

(Hotels,

Restaurants

&

Leisure)

11,815

2,818,823

Marvell

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

37,084

2,164,593

MercadoLibre,

Inc.

\*

(Broadline

Retail)

2,173

5,064,937

Meta

Platforms,

Inc.

-

Class

A

(Interactive

Media

&

Services)

38,143

20,940,506

Microchip

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

23,050

1,062,144

Micron

Technology,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

47,747

3,674,132

Microsoft

Corp.

(Software)

129,481

51,178,659

MicroStrategy,

Inc.

\*

-

Class

A

(Software)

10,188

3,872,561

Mondelez

International,

Inc.

-

Class

A

(Food

Products)

55,433

3,776,650

MongoDB,

Inc.

\*

(IT

Services)

3,192

549,567

Monster

Beverage

Corp.

\*

(Beverages)

41,707

2,507,425

Netflix,

Inc.

\*

(Entertainment)

18,329

20,743,296

NVIDIA

Corp.

(Semiconductors

&

Semiconductor

Equipment)

424,986

46,289,474

NXP

Semiconductors

N.V.

(Semiconductors

&

Semiconductor

Equipment)

10,869

2,003,265

Old

Dominion

Freight

Line,

Inc.

(Ground

Transportation)

9,108

1,396,074

ON

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

18,063

717,101

O'Reilly

Automotive,

Inc.

\*

(Specialty

Retail)

2,455

3,474,316

PACCAR,

Inc.

(Machinery)

22,490

2,028,823

Palantir

Technologies,

Inc.

\*

(Software)

96,372

11,414,299

Palo

Alto

Networks,

Inc.

\*

(Software)

28,374

5,303,952

Paychex,

Inc.

(Professional

Services)

15,432

2,270,355

PayPal

Holdings,

Inc.

\*

(Financial

Services)

42,394

2,791,221

PDD

Holdings,

Inc.

\*ADR

(Broadline

Retail)

28,622

3,021,625

PepsiCo,

Inc.

(Beverages)

58,772

7,968,307

QUALCOMM,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

47,395

7,036,262

Regeneron

Pharmaceuticals,

Inc.

\*

(Biotechnology)

4,606

2,757,889

Roper

Technologies,

Inc.

(Software)

4,601

2,576,928

Ross

Stores,

Inc.

(Specialty

Retail)

14,138

1,965,182

Starbucks

Corp.

(Hotels,

Restaurants

&

Leisure)

48,676

3,896,514

Synopsys,

Inc.

\*

(Software)

6,626

3,041,400

Take-Two

Interactive

Software,

Inc.

\*

(Entertainment)

7,562

1,764,366

Tesla,

Inc.

\*

(Automobiles)

63,307

17,862,703

Texas

Instruments,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

39,010

6,243,551

The

Kraft

Heinz

Co.

(Food

Products)

51,212

1,490,269

The

Trade

Desk,

Inc.

\*

-

Class

A

(Media)

19,389

1,039,832

T-Mobile

U.S.,

Inc.

(Wireless

Telecommunication

Services)

48,927

12,082,523

Verisk

Analytics,

Inc.

(Professional

Services)

6,011

1,781,841

Vertex

Pharmaceuticals,

Inc.

\*

(Biotechnology)

11,003

5,606,029

Warner

Bros.

Discovery,

Inc.

\*

(Entertainment)

105,195

912,041

Workday,

Inc.

\*

-

Class

A

(Software)

9,169

2,246,405

Xcel

Energy,

Inc.

(Electric

Utilities)

24,623

1,740,846

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

ProFund

Common

Stocks

(75.0%),

continued

Shares

Value

Zscaler,

Inc.

\*

(Software)

6,574

$

1,486,842

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $210,974,768)

627,816,334

Repurchase

Agreements

(b)(c) (25.3%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$211,904,884

$

211,880,000

211,880,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$211,880,000)

211,880,000

Collateral

for

Securities

Loaned

(d) (0.1%)

Shares

Value

Invesco

Government

&

Agency

Portfolio

—

Institutional

Shares, 4.37%

(e) 554,154

554,154

TOTAL

COLLATERAL

FOR

SECURITIES

LOANED

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $554,154)

554,154

Shares

Value

TOTAL

INVESTMENT

SECURITIES

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

$423,408,922)— 100.4%

$

840,250,488

Net

other

assets

(liabilities) —

(0.4)%

(3,329,751)

NET

ASSETS

—

100.0%

$

836,920,737

\*

Non-income

producing

security.

(a) All

or

part

of

this

security

was

on

loan

as

of

April

30,

2025. The

total

value

of

securities

on

loan

as

of

April

30,

2025

was

$554,397.

ADR

American

Depositary

Receipt

NYS

New

York

Shares

(b) The

ProFund

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) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$123,576,000.

(d) Securities

were

purchased

with

cash

collateral

held

from

securities

on

loan

at

April

30,

2025. (e) Rate

periodically

changes.

Rate

disclosed

is

the

daily

yield

as

of

April

30,

2025. Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

E-Mini

Futures

Contracts

6/23/25

$

114,805,640

$

292,963

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

5/27/25

4.88%

$

186,121,735

$

912,349

Index

Goldman

Sachs

International

5/27/25

5.08%

350,090,124

2,643,702

$536,211,859

$3,556,051

Invesco

QQQ

Trust,

Series

ETF

UBS

AG

5/27/25

5.13%

65,355,262

402,153

Index

UBS

AG

5/27/25

5.13%

329,769,730

2,356,412

$395,124,992

$2,758,565

$931,336,851

$6,314,616

(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

April

30,

2025,

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

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

2,014,077

0.3%

Automobiles

17,862,703

2.1%

Beverages

14,279,342

1.7%

Biotechnology

21,506,044

2.6%

Broadline

Retail

42,127,728

5.1%

Chemicals

9,184,706

1.1%

Commercial

Services

&

Supplies

6,187,135

0.7%

Value

%

of

Net

Assets

Communications

Equipment

$

9,841,753

1.2%

Consumer

Staples

Distribution

&

Retail

18,916,385

2.3%

Electric

Utilities

9,232,033

1.1%

Electronic

Equipment,

Instruments

&

Components

911,660

0.1%

Energy

Equipment

&

Services

1,502,057

0.2%

Entertainment

25,040,212

3.0%

Financial

Services

2,791,221

0.3%

Food

Products

5,266,919

0.6%

Ground

Transportation

3,675,078

0.4%

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

ProFund

Value

%

of

Net

Assets

Health

Care

Equipment

&

Supplies

$

11,964,699

1.4%

Hotels,

Restaurants

&

Leisure

19,402,125

2.3%

Industrial

Conglomerates

5,862,214

0.7%

Interactive

Media

&

Services

52,478,043

6.3%

IT

Services

2,109,103

0.3%

Machinery

2,028,823

0.3%

Media

8,950,529

1.1%

Oil,

Gas

&

Consumable

Fuels

1,637,452

0.2%

Pharmaceuticals

1,791,591

0.2%

Professional

Services

9,293,458

1.1%

Real

Estate

Management

&

Development

1,303,760

0.1%

Semiconductors

&

Semiconductor

Equipment

127,058,716

15.2%

Software

117,136,561

14.0%

Specialty

Retail

5,439,498

0.6%

Technology

Hardware,

Storage

&

Peripherals

55,599,562

6.6%

Textiles,

Apparel

&

Luxury

Goods

1,348,705

0.2%

Trading

Companies

&

Distributors

1,989,919

0.2%

Wireless

Telecommunication

Services

12,082,523

1.4%

Other

\*\*

209,104,403

25.0%

Total

$

836,920,737

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.

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraShort

China

ProFund

Repurchase

Agreements

(a)(b) (100.0%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$1,637,192

$

1,637,000

$

1,637,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$1,637,000)

1,637,000

TOTAL

INVESTMENT

SECURITIES

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

$1,637,000)— 100.0%

1,637,000

Net

other

assets

(liabilities) —

NM

(246) NET

ASSETS

—

100.0%

$

1,636,754

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$103,000.

NM

Amount

is

less

than

0.005%.

Total

Return

Swap

Agreements—Short

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

China

Select

ADR

Index

(USD)

Goldman

Sachs

International

5/27/25

(3.98)%

$

(2,071,925)

$

(6,943)

S&P

China

Select

ADR

Index

(USD)

UBS

AG

5/27/25

(4.13)%

(1,199,279)

(4,009)

$(3,271,204)

$(10,952)

(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

April

30,

2025,

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

::

April

30,

2025

(unaudited)

UltraShort

Dow

ProFund

Repurchase

Agreements

(a)(b) (100.9%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$6,943,815

$

6,943,000

$

6,943,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$6,943,000)

6,943,000

TOTAL

INVESTMENT

SECURITIES

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

$6,943,000)— 100.9%

6,943,000

Net

other

assets

(liabilities) —

(0.9)%

(62,721)

NET

ASSETS

—

100.0%

$

6,880,279

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$1,652,000.

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

5/27/25

(4.83)%

$

(11,976,720)

$

(129,614)

Dow

Jones

Industrial

Average

UBS

AG

5/27/25

(4.73)%

(1,784,938)

(18,925)

$(13,761,658)

$(148,539)

(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

April

30,

2025,

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).

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraShort

Emerging

Markets

ProFund

Repurchase

Agreements

(a)(b) (91.3%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$373,044

$

373,000

$

373,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$373,000)

373,000

TOTAL

INVESTMENT

SECURITIES

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

$373,000)— 91.3%

373,000

Net

other

assets

(liabilities) —

8.7%

35,322

NET

ASSETS

—

100.0%

$

408,322

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$21,000.

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

5/27/25

(4.13)%

$

(377,010)

$

(2,880)

S&P

Emerging

ADR

Index

(USD)

UBS

AG

5/27/25

(4.33)%

(443,037)

(3,117)

$(820,047)

$(5,997)

(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

April

30,

2025,

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

::

April

30,

2025

(unaudited)

UltraShort

International

ProFund

Repurchase

Agreements

(a)(b) (96.7%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$1,930,227

$

1,930,000

$

1,930,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$1,930,000)

1,930,000

TOTAL

INVESTMENT

SECURITIES

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

$1,930,000)— 96.7%

1,930,000

Net

other

assets

(liabilities) —

3.3%

65,161

NET

ASSETS

—

100.0%

$

1,995,161

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$128,000.

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

5/27/25

(4.28)%

$

(1,743,991)

$

(405) MSCI

EAFE

Index

UBS

AG

5/27/25

(4.63)%

(2,235,139)

551

$(3,979,130)

$146

(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

April

30,

2025,

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).

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraShort

Japan

ProFund

Repurchase

Agreements

(a)(b) (66.1%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$1,138,134

$

1,138,000

$

1,138,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$1,138,000)

1,138,000

TOTAL

INVESTMENT

SECURITIES

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

$1,138,000)— 66.1%

1,138,000

Net

other

assets

(liabilities) —

33.9%

582,768

NET

ASSETS

—

100.0%

$

1,720,768

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$35,000.

Futures

Contracts

Sold

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

Nikkei

Futures

Contracts

6/13/25

$

(3,079,975)

$

1,350

Total

Return

Swap

Agreements—Short

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

Nikkei

Stock

Average

Goldman

Sachs

International

5/27/25

(4.58)%

$

(362,702)

$

(1,619)

(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

April

30,

2025,

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

::

April

30,

2025

(unaudited)

UltraShort

Latin

America

ProFund

Repurchase

Agreements

(a)(b) (99.2%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$1,261,148

$

1,261,000

$

1,261,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$1,261,000)

1,261,000

TOTAL

INVESTMENT

SECURITIES

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

$1,261,000)— 99.2%

1,261,000

Net

other

assets

(liabilities) —

0.8%

9,700

NET

ASSETS

—

100.0%

$

1,270,700

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$79,000.

Total

Return

Swap

Agreements—Short

Underlying

Instrument

Counterparty

Termination

Date

(1) Rate

Paid

(Received)

(2) Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

Latin

America

ADR

Index

(USD)

Goldman

Sachs

International

5/27/25

(3.98)%

$

(1,037,169)

$

7,475

S&P

Latin

America

ADR

Index

(USD)

UBS

AG

5/27/25

(4.13)%

(1,509,423)

10,758

$(2,546,592)

$18,233

(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

April

30,

2025,

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).

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraShort

Mid-Cap

ProFund

Repurchase

Agreements

(a)(b) (119.2%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$672,079

$

672,000

$

672,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$672,000)

672,000

TOTAL

INVESTMENT

SECURITIES

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

$672,000)— 119.2%

672,000

Net

other

assets

(liabilities) —

(19.2)%

(108,185)

NET

ASSETS

—

100.0%

$

563,815

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$246,000.

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

5/27/25

(4.58)%

$

(375,556)

$

(2,130)

S&P

MidCap

UBS

AG

5/27/25

(4.73)%

(751,539)

(2,172)

$(1,127,095)

$(4,302)

(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

April

30,

2025,

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

::

April

30,

2025

(unaudited)

UltraShort

ProFund

Repurchase

Agreements

(a)(b) (73.0%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$24,847,918

$

24,845,000

$

24,845,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$24,845,000)

24,845,000

TOTAL

INVESTMENT

SECURITIES

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

$24,845,000)— 73.0%

24,845,000

Net

other

assets

(liabilities)

—

.0

%

9,178,748

NET

ASSETS

—

100.0%

$

34,023,748

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$5,533,000.

Futures

Contracts

Sold

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

E-Mini

Futures

Contracts

6/23/25

$

(1,572,680)

$

(3,996)

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

5/27/25

(4.83)%

$

(60,206,329)

$

(412,492)

Index

UBS

AG

5/27/25

(4.73)%

(6,262,726)

(44,889)

$(66,469,055)

$(457,381)

(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

April

30,

2025,

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).

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraShort

Small-Cap

ProFund

Repurchase

Agreements

(a)(b) (97.9%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$5,490,645

$

5,490,000

$

5,490,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$5,490,000)

5,490,000

TOTAL

INVESTMENT

SECURITIES

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

$5,490,000)— 97.9%

5,490,000

Net

other

assets

(liabilities) —

2.1%

117,276

NET

ASSETS

—

100.0%

$

5,607,276

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$1,361,000.

Futures

Contracts

Sold

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

E-Mini

Russell

2000

Index

Futures

Contracts

6/23/25

$

(1,083,390)

$

(27,211)

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

5/27/25

(4.48)%

$

(7,359,558)

$

7,773

Russell

2000

Index

UBS

AG

5/27/25

(4.63)%

(2,781,194)

2,327

$(10,140,752)

$10,100

(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

April

30,

2025,

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

::

April

30,

2025

(unaudited)

UltraSmall-Cap

ProFund

Common

Stocks

(71.9%)

Shares

Value

1-800-Flowers.com,

Inc.

\*

-

Class

A

(Specialty

Retail)

$

1,443

1st

Source

Corp.

(Banks)

11,211

1stdibs.Com,

Inc.

\*

(Broadline

Retail)

585

2seventy

bio,

Inc.

\*

(Biotechnology)

500

2,495

374Water,

Inc.

\*

(Machinery)

666

3D

Systems

Corp.

\*

(Machinery)

1,322

2,432

4D

Molecular

Therapeutics,

Inc.

\*

(Biotechnology)

1,547

89bio,

Inc.

\*

(Biotechnology)

1,144

9,175

8x8,

Inc.

\*

(Software)

1,334

2,361

908

Devices,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,319

A10

Networks,

Inc.

(Software)

725

11,948

AAR

Corp.

\*

(Aerospace

&

Defense)

19,085

Abercrombie

&

Fitch

Co.

\*

(Specialty

Retail)

507

35,196

ABM

Industries,

Inc.

(Commercial

Services

&

Supplies)

635

30,950

Absci

Corp.

\*

(Biotechnology)

830

2,548

Acacia

Research

Corp.

\*

(Financial

Services)

1,156

Academy

Sports

&

Outdoors,

Inc.

(Specialty

Retail)

695

26,188

ACADIA

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,224

17,870

Acadia

Realty

Trust

(Retail

REITs)

1,198

22,882

Accel

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

548

5,644

ACCO

Brands

Corp.

(Commercial

Services

&

Supplies)

928

3,582

Accuray,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

990

1,535

ACELYRIN,

Inc.

\*

(Biotechnology)

755

1,865

Achieve

Life

Sciences,

Inc.

\*

(Biotechnology)

910

ACI

Worldwide,

Inc.

\*

(Software)

1,079

57,574

ACM

Research,

Inc.

\*

-

Class

A

(Semiconductors

&

Semiconductor

Equipment)

527

10,261

ACNB

Corp.

\*

(Banks)

3,520

Acrivon

Therapeutics,

Inc.

\*

(Biotechnology)

Actinium

Pharmaceuticals,

Inc.

\*

(Biotechnology)

Acumen

Pharmaceuticals,

Inc.

\*

(Biotechnology)

Acushnet

Holdings

Corp.

(Leisure

Products)

18,872

ACV

Auctions,

Inc.

\*

-

Class

A

(Commercial

Services

&

Supplies)

1,512

22,211

AdaptHealth

Corp.

\*

(Health

Care

Providers

&

Services)

1,040

8,850

Adaptive

Biotechnologies

Corp.

\*

(Life

Sciences

Tools

&

Services)

1,185

8,721

ADC

Therapeutics

SA

\*

(Biotechnology)

830

1,187

Addus

HomeCare

Corp.

\*

(Health

Care

Providers

&

Services)

18,714

Adeia,

Inc.

(Software)

1,113

13,701

Adient

PLC

\*

(Automobile

Components)

855

10,816

ADMA

Biologics,

Inc.

\*

(Biotechnology)

2,348

55,882

Adtalem

Global

Education,

Inc.

\*

(Diversified

Consumer

Services)

40,780

ADTRAN

Holdings,

Inc.

(Communications

Equipment)

804

6,159

Advanced

Emissions

Solutions,

Inc.

\*

(Chemicals)

1,114

Advanced

Energy

Industries,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

37,308

AdvanSix,

Inc.

(Chemicals)

5,591

Advantage

Solutions,

Inc.

\*

(Media)

1,081

1,449

Adverum

Biotechnologies,

Inc.

\*

(Biotechnology)

691

Aehr

Test

Systems

\*

(Semiconductors

&

Semiconductor

Equipment)

2,474

Aemetis,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

AeroVironment,

Inc.

\*

(Aerospace

&

Defense)

43,486

AerSale

Corp.

\*

(Aerospace

&

Defense)

2,391

Aeva

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,685

AFC

Gamma,

Inc.

(Mortgage

REITs)

1,008

AG

Mortgage

Investment

Trust,

Inc.

(Mortgage

REITs)

1,920

Agenus,

Inc.

\*

(Biotechnology)

688

agilon

health,

Inc.

\*

(Health

Care

Providers

&

Services)

3,154

13,436

Agilysys,

Inc.

\*

(Software)

17,101

Agios

Pharmaceuticals,

Inc.

\*

(Biotechnology)

578

17,161

Common

Stocks

(71.9%),

continued

Shares

Value

AirSculpt

Technologies,

Inc.

\*

(Health

Care

Providers

&

Services)

$

Airship

AI

Holdings,

Inc.

\*

(Software)

Aka

Brands

Holding

Corp.

\*

(Specialty

Retail)

Akebia

Therapeutics,

Inc.

\*

(Biotechnology)

2,213

5,333

Akero

Therapeutics,

Inc.

\*

(Biotechnology)

762

34,755

Akoya

Biosciences,

Inc.

\*

(Life

Sciences

Tools

&

Services)

Alamo

Group,

Inc.

(Machinery)

17,533

Alarm.com

Holdings,

Inc.

\*

(Software)

25,942

Albany

International

Corp.

(Machinery)

21,043

Aldeyra

Therapeutics,

Inc.

\*

(Biotechnology)

509

1,349

Alector,

Inc.

\*

(Biotechnology)

837

1,004

Alerus

Financial

Corp.

(Financial

Services)

4,553

Alexander

&

Baldwin,

Inc.

(Equity

REIT

-

Diversified)

744

12,782

Alexander's,

Inc.

(Retail

REITs)

4,541

Alico,

Inc.

(Food

Products)

2,112

Alight,

Inc.

\*

-

Class

A

(Professional

Services)

4,290

21,922

Alignment

Healthcare,

Inc.

\*

(Health

Care

Providers

&

Services)

1,024

18,145

Alkami

Technology,

Inc.

\*

(Software)

620

16,548

Alkermes

PLC

\*

(Biotechnology)

1,648

47,413

Allegiant

Travel

Co.

(Passenger

Airlines)

7,415

ALLETE,

Inc.

(Electric

Utilities)

593

38,836

Allied

Motion

Technologies,

Inc.

(Electrical

Equipment)

3,181

Allogene

Therapeutics,

Inc.

\*

(Biotechnology)

1,312

2,204

Alpha

and

Omega

Semiconductor,

Ltd.

\*

(Semiconductors

&

Semiconductor

Equipment)

4,595

Alpha

Metallurgical

Resources,

Inc.

(Metals

&

Mining)

13,591

Alphatec

Holdings,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,064

11,683

Alpine

Income

Property

Trust,

Inc.

(Equity

REIT

-

Diversified)

1,993

Alta

Equipment

Group,

Inc.

(Trading

Companies

&

Distributors)

1,165

AlTi

Global,

Inc.

\*

(Capital

Markets)

1,228

Altimmune,

Inc.

\*

(Biotechnology)

726

3,812

Alto

Neuroscience,

Inc.

\*

(Pharmaceuticals)

540

Alumis,

Inc.

\*

(Pharmaceuticals)

919

ALX

Oncology

Holdings,

Inc.

\*

(Biotechnology)

Amalgamated

Financial

Corp.

(Banks)

5,125

A-Mark

Precious

Metals,

Inc.

(Distributors)

4,409

Ambac

Financial

Group,

Inc.

\*

(Insurance)

3,711

Ambarella,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

18,956

AMC

Entertainment

Holdings,

Inc.

\*

(Entertainment)

4,131

11,030

AMC

Networks,

Inc.

\*

-

Class

A

(Media)

2,086

Amerant

Bancorp,

Inc.

(Banks)

6,366

Ameresco,

Inc.

\*

-

Class

A

(Construction

&

Engineering)

3,497

American

Assets

Trust,

Inc.

(Equity

REIT

-

Diversified)

9,178

American

Axle

&

Manufacturing

Holdings,

Inc.

\*

(Automobile

Components)

1,174

4,485

American

Eagle

Outfitters,

Inc.

(Specialty

Retail)

1,818

19,144

American

Healthcare

REIT,

Inc.

(Health

Care

REITs)

1,554

50,163

American

Public

Education,

Inc.

\*

(Diversified

Consumer

Services)

3,760

American

Reality

Investors,

Inc.

\*

(Real

Estate

Management

&

Development)

American

States

Water

Co.

(Water

Utilities)

31,471

American

Superconductor

Corp.

\*

(Electrical

Equipment)

7,086

American

Vanguard

Corp.

(Chemicals)

1,118

American

Woodmark

Corp.

\*

(Building

Products)

9,145

America's

Car-Mart,

Inc.

\*

(Specialty

Retail)

3,604

Ameris

Bancorp

(Banks)

674

39,496

AMERISAFE,

Inc.

(Insurance)

9,066

Ames

National

Corp.

(Banks)

1,545

Amicus

Therapeutics,

Inc.

\*

(Biotechnology)

3,000

23,040

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraSmall-Cap

ProFund

Common

Stocks

(71.9%),

continued

Shares

Value

AMMO,

Inc.

\*

(Leisure

Products)

915

$

1,803

AMN

Healthcare

Services,

Inc.

\*

(Health

Care

Providers

&

Services)

7,947

Amneal

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

1,628

12,470

Amphastar

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

9,471

Amplify

Energy

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,037

Amplitude,

Inc.

\*

-

Class

A

(Software)

799

7,343

Amprius

Technologies,

Inc.

\*

(Electrical

Equipment)

AnaptysBio,

Inc.

\*

(Biotechnology)

4,933

Anavex

Life

Sciences

Corp.

\*

(Biotechnology)

767

7,287

Angel

Oak

Mortgage

REIT,

Inc.

(Mortgage

REITs)

1,143

AngioDynamics,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

3,679

ANI

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

13,385

Anika

Therapeutics,

Inc.

\*

(Biotechnology)

1,918

Annexon,

Inc.

\*

(Biotechnology)

997

1,854

Anteris

Technologies

Global

Corp.

\*

(Medical

Equipment

&

Devices)

752

Anterix,

Inc.

\*

(Diversified

Telecommunication

Services)

3,134

Anywhere

Real

Estate,

Inc.

\*

(Real

Estate

Management

&

Development)

1,003

3,470

Apartment

Investment

and

Management

Co.

\*

(Residential

REITs)

1,422

11,248

Apogee

Enterprises,

Inc.

(Building

Products)

8,926

Apogee

Therapeutics,

Inc.

\*

(Biotechnology)

15,229

Apollo

Commercial

Real

Estate

Finance,

Inc.

(Mortgage

REITs)

1,417

13,277

Apollo

Medical

Holdings,

Inc.

\*

(Health

Care

Providers

&

Services)

13,715

Appian

Corp.

\*

-

Class

A

(Software)

12,793

Apple

Hospitality

REIT,

Inc.

(Hotel

&

Resort

REITs)

2,331

27,436

Applied

Digital

Corp.

\*

(IT

Services)

2,029

9,212

Applied

Industrial

Technologies,

Inc.

(Trading

Companies

&

Distributors)

95,851

Applied

Optoelectronics,

Inc.

\*

(Communications

Equipment)

5,628

Applied

Therapeutics,

Inc.

\*

(Biotechnology)

999

Aquestive

Therapeutics,

Inc.

\*

(Pharmaceuticals)

758

2,217

Arbor

Realty

Trust,

Inc.

(Mortgage

REITs)

1,884

21,723

Arbutus

Biopharma

Corp.

\*

(Biotechnology)

1,493

5,300

ArcBest

Corp.

(Ground

Transportation)

14,103

Arcellx,

Inc.

\*

(Biotechnology)

28,968

Archer

Aviation,

Inc.

\*

-

Class

A

(Aerospace

&

Defense)

3,302

27,506

Archrock,

Inc.

(Energy

Equipment

&

Services)

1,706

40,141

Arcosa,

Inc.

(Construction

&

Engineering)

39,715

Arcturus

Therapeutics

Holdings,

Inc.

\*

(Biotechnology)

2,998

Arcus

Biosciences,

Inc.

\*

(Biotechnology)

557

4,874

Arcutis

Biotherapeutics,

Inc.

\*

(Biotechnology)

1,099

16,386

Ardagh

Metal

Packaging

SA

(Containers

&

Packaging)

1,476

5,476

Ardelyx,

Inc.

\*

(Biotechnology)

2,405

13,240

Ardent

Health

Partners,

Inc.

\*

(Health

Care

Providers

&

Services)

3,106

Ardmore

Shipping

Corp.

(Oil,

Gas

&

Consumable

Fuels)

4,083

Ares

Commercial

Real

Estate

Corp.

(Mortgage

REITs)

545

2,218

Argan,

Inc.

(Construction

&

Engineering)

19,907

Arhaus,

Inc.

(Specialty

Retail)

524

4,119

Aris

Water

Solutions,

Inc.

-

Class

A

(Commercial

Services

&

Supplies)

6,839

Arko

Corp.

(Specialty

Retail)

822

3,309

Arlo

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

999

9,820

Armada

Hoffler

Properties,

Inc.

(Equity

REIT

-

Diversified)

805

5,450

ARMOUR

Residential

REIT,

Inc.

(Mortgage

REITs)

573

9,437

Array

Technologies,

Inc.

\*

(Electrical

Equipment)

1,561

7,462

Common

Stocks

(71.9%),

continued

Shares

Value

ArriVent

Biopharma,

Inc.

\*

(Biotechnology)

$

6,123

Arrow

Financial

Corp.

(Banks)

4,121

Arrowhead

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,221

16,960

ARS

Pharmaceuticals,

Inc.

\*

(Biotechnology)

503

7,027

Arteris,

Inc.

\*

(Software)

1,965

Artisan

Partners

Asset

Management,

Inc.

-

Class

A

(Capital

Markets)

644

23,815

Artiva

Biotherapeutics,

Inc.

\*

(Biotechnology)

Artivion,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

9,594

Arvinas,

Inc.

\*

(Pharmaceuticals)

657

6,320

Asana,

Inc.

\*

-

Class

A

(Software)

831

13,412

Asbury

Automotive

Group,

Inc.

\*

(Specialty

Retail)

44,281

ASGN,

Inc.

\*

(IT

Services)

22,219

ASP

Isotopes,

Inc.

\*

(Chemicals)

558

2,946

Aspen

Aerogels,

Inc.

\*

(Chemicals)

630

3,402

Associated

Banc-Corp.

(Banks)

1,676

36,973

AST

SpaceMobile,

Inc.

\*

(Diversified

Telecommunication

Services)

1,369

31,774

Astec

Industries,

Inc.

(Machinery)

8,442

Astria

Therapeutics,

Inc.

\*

(Biotechnology)

2,441

Astronics

Corp.

\*

(Aerospace

&

Defense)

6,807

Asure

Software,

Inc.

\*

(Professional

Services)

2,530

Atea

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

788

2,325

Atkore,

Inc.

(Electrical

Equipment)

22,610

Atlanta

Braves

Holdings,

Inc.

\*

(Entertainment)

513

20,448

Atlanta

Braves

Holdings,

Inc.

\*

(Entertainment)

4,562

Atlantic

Union

Bankshares

Corp.

(Banks)

1,319

36,536

Atlanticus

Holdings

Corp.

\*

(Consumer

Finance)

3,125

Atlas

Energy

Solutions,

Inc.

(Energy

Equipment

&

Services)

759

10,269

Atmus

Filtration

Technologies,

Inc.

(Machinery)

857

29,712

ATN

International,

Inc.

(Diversified

Telecommunication

Services)

1,875

Atossa

Therapeutics,

Inc.

\*

(Biotechnology)

1,291

1,159

AtriCure,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

14,476

AudioEye,

Inc.

\*

(Software)

922

Aura

Biosciences,

Inc.

\*

(Biotechnology)

2,763

Aurinia

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,372

11,305

Aurora

Innovation,

Inc.

\*

(Software)

9,817

71,074

Avadel

Pharmaceuticals

PLC

\*

(Pharmaceuticals)

945

8,401

Avanos

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

5,823

Aveanna

Healthcare

Holdings,

Inc.

\*

(Health

Care

Providers

&

Services)

533

2,457

AvePoint,

Inc.

\*

(Software)

1,317

21,533

Aviat

Networks,

Inc.

\*

(Communications

Equipment)

2,055

Avidity

Biosciences,

Inc.

\*

(Biotechnology)

1,162

37,939

AvidXchange

Holdings,

Inc.

\*

(Financial

Services)

1,777

14,447

Avient

Corp.

(Chemicals)

924

30,778

Avista

Corp.

(Multi-Utilities)

811

33,632

Avita

Medical,

Inc.

\*

(Biotechnology)

2,578

Axcelis

Technologies,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

16,310

Axogen,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

7,061

Axos

Financial,

Inc.

\*

(Banks)

559

35,485

Axsome

Therapeutics,

Inc.

\*

(Pharmaceuticals)

42,220

AZZ,

Inc.

(Building

Products)

26,028

B&G

Foods,

Inc.

(Food

Products)

796

5,484

B. Riley

Financial,

Inc.

(Capital

Markets)

615

Backblaze,

Inc.

\*

-

Class

A

(IT

Services)

2,064

Badger

Meter,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

66,467

Balchem

Corp.

(Chemicals)

51,818

Banc

of

California,

Inc.

(Banks)

1,421

19,155

BancFirst

Corp.

(Banks)

24,035

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

UltraSmall-Cap

ProFund

Common

Stocks

(71.9%),

continued

Shares

Value

Banco

Latinoamericano

de

Comercio

Exterior

S.A.

-

Class

E

(Financial

Services)

$

10,686

Bandwidth,

Inc.

\*

-

Class

A

(Diversified

Telecommunication

Services)

3,167

Bank

First

Corp.

(Banks)

10,809

Bank

of

Hawaii

Corp.

(Banks)

26,312

Bank

of

Marin

Bancorp

\*

(Banks)

3,304

Bank7

Corp.

\*

(Banks)

1,492

BankUnited,

Inc.

(Banks)

762

24,925

Bankwell

Financial

Group,

Inc.

(Banks)

2,238

Banner

Corp.

(Banks)

21,460

Bar

Harbor

Bankshares

(Banks)

4,565

BARK,

Inc.

\*

(Specialty

Retail)

1,326

1,498

Barrett

Business

Services,

Inc.

(Professional

Services)

10,627

BayCom

Corp.

(Banks)

2,783

BCB

Bancorp,

Inc.

(Banks)

1,258

Beam

Therapeutics,

Inc.

\*

(Biotechnology)

935

18,635

Beazer

Homes

USA,

Inc.

\*

(Household

Durables)

5,829

Bel

Fuse,

Inc.

-

Class

A

(Electronic

Equipment,

Instruments

&

Components)

1,044

Bel

Fuse,

Inc.

-

Class

B

(Electronic

Equipment,

Instruments

&

Components)

6,972

Belden,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

42,791

Benchmark

Electronics,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

11,906

Berkshire

Hills

Bancorp,

Inc.

(Banks)

10,900

Berry

Corp.

(Oil,

Gas

&

Consumable

Fuels)

782

1,939

Beta

Bionics,

Inc.

\*

(Biotechnology)

1,492

Beyond

Meat,

Inc.

\*

(Food

Products)

609

1,510

Beyond,

Inc.

\*

(Specialty

Retail)

1,897

BGC

Group,

Inc.

-

Class

A

(Capital

Markets)

3,634

32,924

Bicara

Therapeutics,

Inc.

\*

(Biotechnology)

2,845

BigBear.ai

Holdings,

Inc.

\*

(IT

Services)

1,054

3,594

BigCommerce

Holdings,

Inc.

\*

-

Class

(IT

Services)

730

3,781

Biglari

Holdings,

Inc.

\*

-

Class

B

(Hotels,

Restaurants

&

Leisure)

1,863

BioAge

Labs,

Inc.

\*

(Pharmaceuticals)

517

BioCryst

Pharmaceuticals,

Inc.

\*

(Biotechnology)

2,113

18,700

Biohaven,

Ltd.

\*

(Biotechnology)

878

19,421

BioLife

Solutions,

Inc.

\*

(Life

Sciences

Tools

&

Services)

8,896

Biomea

Fusion,

Inc.

\*

(Biotechnology)

588

Biote

Corp.

\*

-

Class

A

(Pharmaceuticals)

916

Bioventus,

Inc.

\*

-

Class

A

(Health

Care

Equipment

&

Supplies)

2,873

Bit

Digital,

Inc.

\*

(Software)

1,272

2,468

BJ's

Restaurants,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

6,292

BKV

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

2,665

Black

Diamond

Therapeutics,

Inc.

\*

(Biotechnology)

687

Black

Hills

Corp.

(Multi-Utilities)

735

44,761

Blackbaud,

Inc.

\*

(Software)

24,337

BlackLine,

Inc.

\*

(Software)

596

28,149

BlackSky

Technology,

Inc.

\*

(Professional

Services)

2,190

Blackstone

Mortgage

Trust,

Inc.

-

Class

A

(Mortgage

REITs)

1,775

33,814

Blade

Air

Mobility,

Inc.

\*

-

Class

A

(Passenger

Airlines)

599

1,587

Blend

Labs,

Inc.

\*

-

Class

A

(Software)

2,451

8,211

Blink

Charging

Co.

\*

(Electrical

Equipment)

982

719

Bloom

Energy

Corp.

\*

-

Class

A

(Electrical

Equipment)

2,056

37,666

Bloomin'

Brands,

Inc.

(Hotels,

Restaurants

&

Leisure)

788

6,320

Blue

Bird

Corp.

\*

(Machinery)

11,472

Blue

Foundry

Bancorp

\*

(Banks)

1,896

Bluebird

Bio,

Inc.

\*

(Biotechnology)

BlueLinx

Holdings,

Inc.

\*

(Trading

Companies

&

Distributors)

5,407

Common

Stocks

(71.9%),

continued

Shares

Value

Blueprint

Medicines

Corp.

\*

(Biotechnology)

651

$

58,265

Bluerock

Homes

Trust,

Inc.

\*

(Residential

REITs)

—

(a) 1

Boise

Cascade

Co.

(Trading

Companies

&

Distributors)

36,752

Boot

Barn

Holdings,

Inc.

\*

(Specialty

Retail)

31,511

Borr

Drilling,

Ltd.

(Energy

Equipment

&

Services)

2,422

4,117

Boston

Omaha

Corp.

\*

-

Class

A

(Media)

3,898

Boundless

Bio,

Inc.

\*

(Biotechnology)

Bowhead

Specialty

Holdings,

Inc.

\*

(Insurance)

6,471

Bowman

Consulting

Group,

Ltd.

\*

(Construction

&

Engineering)

2,986

Box,

Inc.

\*

-

Class

A

(Software)

1,440

44,957

Braemar

Hotels

&

Resports,

Inc.

(Hotel

&

Resort

REITs)

673

1,259

Brandywine

Realty

Trust

(Office

REITs)

1,733

6,863

Braze,

Inc.

\*

-

Class

A

(Software)

674

20,982

BRC,

Inc.

\*

-

Class

A

(Food

Products)

539

1,229

Bread

Financial

Holdings,

Inc.

(Consumer

Finance)

509

24,152

Bridgebio

Pharma,

Inc.

\*

(Biotechnology)

1,438

55,162

Bridger

Aerospace

Group

Holdings,

Inc.

\*

(Commercial

Services

&

Supplies)

Bridgewater

Bancshares,

Inc.

\*

(Banks)

3,124

Brighsphere

Investment

Group,

Inc.

(Capital

Markets)

7,462

BrightSpire

Capital,

Inc.

(Mortgage

REITs)

1,320

6,613

BrightSpring

Health

Services,

Inc.

\*

(Health

Care

Providers

&

Services)

560

9,817

BrightView

Holdings,

Inc.

\*

(Commercial

Services

&

Supplies)

610

8,369

Brinker

International,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

60,434

Bristow

Group,

Inc.

\*

(Energy

Equipment

&

Services)

7,289

Broadstone

Net

Lease,

Inc.

(Equity

REIT

-

Diversified)

1,930

31,227

Brookdale

Senior

Living,

Inc.

\*

(Health

Care

Providers

&

Services)

1,957

12,838

Brookfield

Business

Corp.

-

Class

A

(Industrial

Conglomerates)

6,977

Brookfield

Infrastructure

Corp.

-

Class

A

(Gas

&

Water

Utilities)

1,227

45,939

Brookline

Bancorp,

Inc.

(Banks)

902

9,417

BRT

Apartments

Corp.

(Residential

REITs)

1,810

Build-A-Bear

Workshop,

Inc.

(Specialty

Retail)

4,516

Bumble,

Inc.

\*

-

Class

A

(Interactive

Media

&

Services)

841

3,549

Burford

Capital,

Ltd.

(Financial

Services)

2,049

27,825

Burke

&

Herbert

Financial

Services

Corp.

(Banks)

7,716

Business

First

Bancshares,

Inc.

(Banks)

5,670

Byline

Bancorp,

Inc.

(Banks)

8,147

Byrna

Technologies,

Inc.

\*

(Aerospace

&

Defense)

3,941

C3.ai,

Inc.

\*

-

Class

A

(Software)

1,150

25,312

C4

Therapeutics,

Inc.

\*

(Biotechnology)

613

1,005

Cabaletta

Bio,

Inc.

\*

(Biotechnology)

603

Cable

One,

Inc.

(Media)

15,769

Cabot

Corp.

(Chemicals)

542

42,569

Cactus,

Inc.

-

Class

A

(Energy

Equipment

&

Services)

682

25,875

Cadence

Bank

(Banks)

1,864

54,541

Cadiz,

Inc.

\*

(Water

Utilities)

1,218

Cadre

Holdings,

Inc.

(Aerospace

&

Defense)

7,783

Caesarstone,

Ltd.

\*

(Building

Products)

546

Calavo

Growers,

Inc.

(Food

Products)

4,723

Caledonia

Mining

Corp.

PLC

(Metals

&

Mining)

2,213

Caleres,

Inc.

(Specialty

Retail)

5,090

California

Resources

Corp.

(Oil,

Gas

&

Consumable

Fuels)

715

24,675

California

Water

Service

Group

(Water

Utilities)

609

30,846

Calix,

Inc.

\*

(Communications

Equipment)

609

24,914

Cal-Maine

Foods,

Inc.

(Food

Products)

41,924

Camden

National

Corp.

(Banks)

6,625

CAMP4

Therapeutics

Corp.

\*

(Biotechnology)

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraSmall-Cap

ProFund

Common

Stocks

(71.9%),

continued

Shares

Value

Camping

World

Holdings,

Inc.

-

Class

A

(Specialty

Retail)

573

$

6,910

Candel

Therapeutics,

Inc.

\*

(Biotechnology)

1,424

Cannae

Holdings,

Inc.

(Financial

Services)

576

10,201

Cantaloupe,

Inc.

\*

(Financial

Services)

597

4,776

Capital

Bancorp,

Inc.

(Banks)

2,969

Capital

City

Bank

Group,

Inc.

(Banks)

5,116

Capitol

Federal

Financial,

Inc.

(Banks)

1,269

7,195

Capricor

Therapeutics,

Inc.

\*

(Biotechnology)

4,750

Cardiff

Oncology,

Inc.

\*

(Biotechnology)

594

1,628

Cardlytics,

Inc.

\*

(Media)

621

CareDx,

Inc.

\*

(Biotechnology)

526

8,879

CareTrust

REIT,

Inc.

(Health

Care

REITs)

1,923

56,287

Cargo

Therapeutics,

Inc.

\*

(Biotechnology)

1,604

Cargurus,

Inc.

\*

(Interactive

Media

&

Services)

886

24,773

Caribou

Biosciences,

Inc.

\*

(Biotechnology)

840

715

Carpenter

Technology

Corp.

(Metals

&

Mining)

96,240

Carriage

Services,

Inc.

(Diversified

Consumer

Services)

5,554

Cars.com,

Inc.

\*

(Interactive

Media

&

Services)

659

7,671

Carter

Bankshares,

Inc.

\*

(Banks)

3,567

Cartesian

Therapeutics,

Inc.

\*

(Biotechnology)

1,272

Casella

Waste

Systems,

Inc.

\*

-

Class

A

(Commercial

Services

&

Supplies)

638

74,934

Cass

Information

Systems,

Inc.

(Financial

Services)

5,622

Cassava

Sciences,

Inc.

\*

(Pharmaceuticals)

646

Castle

Biosciences,

Inc.

\*

(Health

Care

Providers

&

Services)

5,373

Catalyst

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,155

28,055

Cathay

General

Bancorp

(Banks)

695

28,975

Cavco

Industries,

Inc.

\*

(Household

Durables)

40,496

CBIZ,

Inc.

\*

(Professional

Services)

33,369

CBL

&

Associates

Properties,

Inc.

(Retail

REITs)

5,281

CECO

Environmental

Corp.

\*

(Commercial

Services

&

Supplies)

7,113

Celcuity,

Inc.

\*

(Biotechnology)

3,721

Celldex

Therapeutics,

Inc.

\*

(Biotechnology)

661

13,769

Centerspace

(Residential

REITs)

10,201

Central

Garden

&

Pet

Co.

\*

(Household

Products)

3,188

Central

Garden

&

Pet

Co.

\*

-

Class

A

(Household

Products)

523

15,465

Central

Pacific

Financial

Corp.

(Banks)

7,013

Centrus

Energy

Corp.

\*

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

10,255

Centuri

Holdings,

Inc.

\*

(Construction

&

Engineering)

3,143

Century

Aluminum

Co.

\*

(Metals

&

Mining)

541

8,878

Century

Communities,

Inc.

(Household

Durables)

15,380

Century

Therapeutics,

Inc.

\*

(Biotechnology)

Cerence,

Inc.

\*

(Software)

3,932

CeriBell,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

2,027

Cerus

Corp.

\*

(Health

Care

Equipment

&

Supplies)

1,842

2,431

CervoMed,

Inc.

\*

(Biotechnology)

507

CEVA,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

6,238

CG

Oncology,

Inc.

\*

(Biotechnology)

554

14,925

Champion

Homes,

Inc.

\*

(Household

Durables)

549

47,488

ChampionX

Corp.

(Energy

Equipment

&

Services)

1,952

47,101

ChargePoint

Holdings,

Inc.

\*

(Electrical

Equipment)

4,146

2,582

Chart

Industries,

Inc.

\*

(Machinery)

59,391

Chatham

Lodging

Trust

(Hotel

&

Resort

REITs)

3,380

Chegg,

Inc.

\*

(Diversified

Consumer

Services)

1,028

748

Chemung

Financial

Corp.

(Banks)

1,508

Chesapeake

Utilities

Corp.

(Gas

Utilities)

30,416

Chicago

Atlantic

Real

Estate

Finance,

Inc.

(Mortgage

REITs)

2,590

Chimera

Investment

Corp.

(Mortgage

REITs)

823

10,156

Common

Stocks

(71.9%),

continued

Shares

Value

ChoiceOne

Financial

Services,

Inc.

(Banks)

$

2,388

ChromaDex

Corp.

\*

(Life

Sciences

Tools

&

Services)

507

3,980

Cibus,

Inc.

\*

(Biotechnology)

Cimpress

PLC

\*

(Commercial

Services

&

Supplies)

7,269

Cinemark

Holdings,

Inc.

\*

(Entertainment)

1,129

33,767

Cipher

Mining,

Inc.

\*

(Software)

2,070

5,900

Citi

Trends,

Inc.

\*

(Specialty

Retail)

1,496

Citizens

&

Northern

Corp.

(Banks)

2,945

Citizens

Financial

Services,

Inc.

(Banks)

2,558

City

Holding

Co.

(Banks)

17,265

City

Office

REIT,

Inc.

(Office

REITs)

2,022

Civista

Bancshares,

Inc.

(Banks)

3,534

Claros

Mortgage

Trust,

Inc.

(Mortgage

REITs)

880

2,165

Clarus

Corp.

(Leisure

Products)

1,020

Clean

Energy

Fuels

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,744

2,529

Cleanspark,

Inc.

\*

(Software)

2,823

23,064

Clear

Channel

Outdoor

Holdings,

Inc.

\*

(Media)

3,603

3,546

Clear

Secure,

Inc.

-

Class

A

(Software)

907

22,385

Clearfield,

Inc.

\*

(Communications

Equipment)

3,526

Clearwater

Analytics

Holdings,

Inc.

\*

-

Class

A

(Software)

2,020

45,935

Clearwater

Paper

Corp.

\*

(Paper

&

Forest

Products)

4,459

Climb

Global

Solutions,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

4,532

Clipper

Realty,

Inc.

(Residential

REITs)

CNB

Financial

Corp.

(Banks)

4,631

CNO

Financial

Group,

Inc.

(Insurance)

1,043

39,570

CNX

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,492

43,909

Coastal

Financial

Corp.

\*

(Banks)

10,515

Codexis,

Inc.

\*

(Life

Sciences

Tools

&

Services)

822

1,891

Coeur

Mining,

Inc.

\*

(Metals

&

Mining)

6,391

35,470

Cogent

Biosciences,

Inc.

\*

(Biotechnology)

938

4,887

Cogent

Communications

Holdings,

Inc.

(Diversified

Telecommunication

Services)

24,458

Cohen

&

Steers,

Inc.

(Capital

Markets)

21,446

Coherus

Biosciences,

Inc.

\*

(Biotechnology)

1,147

1,181

Cohu,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

7,504

Collegium

Pharmaceutical,

Inc.

\*

(Pharmaceuticals)

8,854

Colony

Bankcorp,

Inc.

(Banks)

2,623

Columbia

Financial,

Inc.

\*

(Banks)

3,758

Columbus

McKinnon

Corp.

(Machinery)

4,307

Commercial

Metals

Co.

(Metals

&

Mining)

1,165

51,889

Commercial

Vehicle

Group,

Inc.

\*

(Machinery)

CommScope

Holding

Co.,

Inc.

\*

(Communications

Equipment)

2,194

8,206

Community

Financial

System,

Inc.

(Banks)

536

29,260

Community

Health

Systems,

Inc.

\*

(Health

Care

Providers

&

Services)

1,282

3,500

Community

Healthcare

Trust,

Inc.

(Health

Care

REITs)

4,731

Community

Trust

Bancorp,

Inc.

(Banks)

7,687

Community

West

Bancshares

(Banks)

3,045

CommVault

Systems,

Inc.

\*

(Software)

74,539

Compass

Diversified

Holdings

(Financial

Services)

682

11,724

Compass

Minerals

International,

Inc.

(Metals

&

Mining)

4,731

Compass

Therapeutics,

Inc.

\*

(Biotechnology)

1,040

1,934

Compass,

Inc.

\*

-

Class

A

(Real

Estate

Management

&

Development)

3,766

29,075

CompoSecure,

Inc.

-

Class

A

(Technology

Hardware,

Storage

&

Peripherals)

2,758

CompX

International,

Inc.

(Commercial

Services

&

Supplies)

Comstock

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

945

17,265

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

UltraSmall-Cap

ProFund

Common

Stocks

(71.9%),

continued

Shares

Value

Concentra

Group

Holdings

Parent,

Inc.

(Health

Care

Providers

&

Services)

1,125

$

24,469

Concrete

Pumping

Holdings,

Inc.

\*

(Construction

&

Engineering)

1,440

Conduent,

Inc.

\*

(Professional

Services)

1,591

3,357

Conduit

Pharmaceuticals,

Inc.

\*

(Life

Sciences

Tools

&

Services)

CONMED

Corp.

(Health

Care

Equipment

&

Supplies)

15,519

ConnectOne

Bancorp,

Inc.

(Banks)

8,359

Consensus

Cloud

Solutions,

Inc.

\*

(Software)

3,654

Consolidated

Water

Co.,

Ltd.

(Water

Utilities)

3,602

Constellium

SE

\*

(Metals

&

Mining)

1,324

13,386

Construction

Partners,

Inc.

\*

-

Class

A

(Construction

&

Engineering)

38,770

Consumer

Portfolio

Services,

Inc.

\*

(Consumer

Finance)

803

Contango

Ore,

Inc.

\*

(Metals

&

Mining)

1,504

Contineum

Therapeutics,

Inc.

\*

-

Class

A

(Pharmaceuticals)

Cooper-Standard

Holdings,

Inc.

\*

(Automobile

Components)

2,538

COPT

Defense

Properties

(Office

REITs)

1,152

30,079

Corbus

Pharmaceuticals

Holdings,

Inc.

\*

(Biotechnology)

896

Corcept

Therapeutics,

Inc.

\*

(Pharmaceuticals)

827

59,444

Core

Laboratories,

Inc.

(Energy

Equipment

&

Services)

5,469

Core

Molding

Technologies,

Inc.

\*

(Chemicals)

1,200

Core

Natural

Resources,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

538

38,848

Core

Scientific,

Inc.

\*

(IT

Services)

1,824

14,774

CoreCivic,

Inc.

\*

(Commercial

Services

&

Supplies)

1,115

25,244

CorMedix,

Inc.

\*

(Pharmaceuticals)

620

5,698

Corsair

Gaming,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

3,236

CorVel

Corp.

\*

(Health

Care

Providers

&

Services)

29,583

Costamare,

Inc.

(Marine

Transportation)

4,096

Couchbase,

Inc.

\*

(IT

Services)

7,338

Coursera,

Inc.

\*

(Diversified

Consumer

Services)

1,406

11,839

Covenant

Logistics

Group,

Inc.

(Ground

Transportation)

3,284

CPI

Card

Group,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

1,333

CRA

International,

Inc.

(Professional

Services)

11,030

Cracker

Barrel

Old

Country

Store,

Inc.

(Hotels,

Restaurants

&

Leisure)

9,693

Crawford

&

Co.

-

Class

A

(Insurance)

1,724

Credo

Technology

Group

Holding,

Ltd.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,451

62,465

Crescent

Energy

Co.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

1,696

14,043

Cricut,

Inc.

-

Class

A

(Household

Durables)

2,390

Crinetics

Pharmaceuticals,

Inc.

\*

(Biotechnology)

937

31,286

Critical

Metals

Corp.

\*

(Metals

&

Mining)

Cross

Country

Healthcare,

Inc.

\*

(Health

Care

Providers

&

Services)

4,363

CryoPort,

Inc.

\*

(Life

Sciences

Tools

&

Services)

2,478

CS

Disco,

Inc.

\*

(Software)

1,108

CSG

Systems

International,

Inc.

(Professional

Services)

17,798

CSW

Industrials,

Inc.

(Building

Products)

53,747

CTO

Realty

Growth,

Inc.

(Equity

REIT

-

Diversified)

5,390

CTS

Corp.

(Electronic

Equipment,

Instruments

&

Components)

11,729

Cullinan

Therapeutics,

Inc.

\*

(Biotechnology)

535

4,430

Curbline

Properties

Corp.

(Retail

REITs)

972

22,249

Cushman

&

Wakefield

PLC

\*

(Real

Estate

Management

&

Development)

2,342

21,946

Custom

Truck

One

Source,

Inc.

\*

(Trading

Companies

&

Distributors)

504

2,031

Common

Stocks

(71.9%),

continued

Shares

Value

Customers

Bancorp,

Inc.

\*

(Banks)

$

15,100

CVB

Financial

Corp.

(Banks)

1,355

25,122

CVR

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

6,582

CVRx,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,120

Cytek

Biosciences,

Inc.

\*

(Life

Sciences

Tools

&

Services)

1,217

4,514

Cytokinetics,

Inc.

\*

(Biotechnology)

1,168

50,037

Daily

Journal

Corp.

\*

(Software)

4,927

Dakota

Gold

Corp.

\*

(Metals

&

Mining)

714

1,928

Daktronics,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

5,292

Dana,

Inc.

(Automobile

Components)

1,336

18,357

Dave

&

Buster's

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

6,179

Dave,

Inc.

\*

(Software)

7,775

Day

One

Biopharmaceuticals,

Inc.

\*

(Biotechnology)

560

4,357

Definitive

Healthcare

Corp.

\*

(Health

Care

Technology)

535

1,455

Delek

US

Holdings,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

639

8,320

Deluxe

Corp.

(Commercial

Services

&

Supplies)

6,599

Denali

Therapeutics,

Inc.

\*

(Biotechnology)

1,272

21,179

Denny's

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

515

1,900

Designer

Brands,

Inc.

-

Class

A

(Specialty

Retail)

971

Despegar.com

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

729

14,186

Destination

XL

Group,

Inc.

\*

(Specialty

Retail)

512

507

DHT

Holdings,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,380

14,752

Diamond

Hill

Investment

Group,

Inc.

(Capital

Markets)

3,401

DiamondRock

Hospitality

Co.

(Hotel

&

Resort

REITs)

2,116

15,531

Dianthus

Therapeutics,

Inc.

\*

(Biotechnology)

5,353

Diebold

Nixdorf,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

11,437

Digi

International,

Inc.

\*

(Communications

Equipment)

10,118

Digimarc

Corp.

\*

(Software)

2,029

Digital

Turbine,

Inc.

\*

(Software)

996

2,988

DigitalBridge

Group,

Inc.

(Real

Estate

Management

&

Development)

1,626

13,658

DigitalOcean

Holdings,

Inc.

\*

(IT

Services)

680

21,012

Dime

Community

Bancshares,

Inc.

(Banks)

10,430

Dine

Brands

Global,

Inc.

(Hotels,

Restaurants

&

Leisure)

3,086

Diodes,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

17,894

Disc

Medicine,

Inc.

\*

(Biotechnology)

11,515

Diversified

Energy

Co.

PLC

(Oil,

Gas

&

Consumable

Fuels)

5,969

Diversified

Healthcare

Trust

(Health

Care

REITs)

2,232

5,044

DLH

Holdings

Corp.

\*

(Professional

Services)

DMC

Global,

Inc.

\*

(Energy

Equipment

&

Services)

1,304

DNOW,

Inc.

\*

(Trading

Companies

&

Distributors)

1,079

17,124

DocGo,

Inc.

\*

(Health

Care

Providers

&

Services)

1,038

2,315

Dole

PLC

(Food

Products)

767

11,651

Domo,

Inc.

\*

-

Class

B

(Software)

2,638

Donegal

Group,

Inc.

-

Class

A

(Insurance)

3,096

Donnelley

Financial

Solutions,

Inc.

\*

(Capital

Markets)

13,833

Dorian

LPG,

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

7,990

Dorman

Products,

Inc.

\*

(Automobile

Components)

30,025

Douglas

Dynamics,

Inc.

(Machinery)

5,539

Douglas

Emmett,

Inc.

(Office

REITs)

1,652

22,847

Dream

Finders

Homes,

Inc.

\*

-

Class

A

(Household

Durables)

6,481

Drilling

Tools

International

Corp.

\*

(Energy

Equipment

&

Services)

Driven

Brands

Holdings,

Inc.

\*

(Commercial

Services

&

Supplies)

612

10,110

Ducommun,

Inc.

\*

(Aerospace

&

Defense)

7,910

D-Wave

Quantum,

Inc.

\*

(Software)

1,867

12,901

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraSmall-Cap

ProFund

Common

Stocks

(71.9%),

continued

Shares

Value

DXP

Enterprises,

Inc.

\*

(Trading

Companies

&

Distributors)

$

11,146

Dycom

Industries,

Inc.

\*

(Construction

&

Engineering)

48,589

Dynavax

Technologies

Corp.

\*

(Biotechnology)

1,347

15,827

Dyne

Therapeutics,

Inc.

\*

(Biotechnology)

855

10,080

Dynex

Capital,

Inc.

(Mortgage

REITs)

861

10,616

E2open

Parent

Holdings,

Inc.

\*

(Software)

2,090

4,117

Eagle

Bancorp,

Inc.

(Banks)

5,403

Easterly

Government

Properties,

Inc.

(Office

REITs)

8,209

Eastern

Bankshares,

Inc.

(Banks)

1,974

29,452

Eastman

Kodak

Co.

\*

(Technology

Hardware,

Storage

&

Peripherals)

618

3,887

EchoStar

Corp.

\*

-

Class

A

(Media)

1,245

27,988

Ecovyst,

Inc.

\*

(Chemicals)

1,190

7,116

Edgewell

Personal

Care

Co.

(Personal

Care

Products)

15,000

Edgewise

Therapeutics,

Inc.

\*

(Pharmaceuticals)

752

12,333

Editas

Medicine,

Inc.

\*

(Biotechnology)

845

1,394

eGain

Corp.

\*

(Software)

915

El

Pollo

Loco

Holdings,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

2,468

Elevation

Oncology,

Inc.

\*

(Biotechnology)

576

Eliem

Therapeutics,

Inc.

\*

(Biotechnology)

Ellington

Financial,

Inc.

(Mortgage

REITs)

900

11,727

Elme

Communities

(Residential

REITs)

900

14,013

Embecta

Corp.

(Health

Care

Equipment

&

Supplies)

592

7,216

Emerald

Holding,

Inc.

\*

(Media)

613

Empire

Petroleum

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

739

Empire

State

Realty

Trust,

Inc.

(Equity

REIT

-

Diversified)

1,394

9,925

Employers

Holdings,

Inc.

(Insurance)

12,245

Enact

Holdings,

Inc.

(Financial

Services)

10,415

Enanta

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,242

Encore

Capital

Group,

Inc.

\*

(Consumer

Finance)

8,222

Encore

Energy

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,854

2,800

Energizer

Holdings,

Inc.

(Household

Products)

735

19,874

Energy

Fuels,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,917

8,665

Energy

Recovery,

Inc.

\*

(Machinery)

581

8,976

Energy

Vault

Holdings,

Inc.

\*

(Electrical

Equipment)

1,081

809

Enerpac

Tool

Group

Corp.

(Machinery)

556

22,446

EnerSys

(Electrical

Equipment)

34,813

Enhabit,

Inc.

\*

(Health

Care

Providers

&

Services)

510

4,075

Enliven

Therapeutics,

Inc.

\*

(Pharmaceuticals)

7,084

Ennis,

Inc.

(Commercial

Services

&

Supplies)

4,667

Enova

International,

Inc.

\*

(Consumer

Finance)

23,865

Enovix

Corp.

\*

(Electrical

Equipment)

1,682

11,269

Enpro,

Inc.

(Machinery)

32,121

Enstar

Group,

Ltd.

\*

(Insurance)

43,472

Enterprise

Bancorp,

Inc.

(Banks)

3,757

Enterprise

Financial

Services

Corp.

(Banks)

19,403

Entrada

Therapeutics,

Inc.

\*

(Biotechnology)

2,292

Entravision

Communications

Corp.

-

Class

A

(Media)

628

1,149

Enviri

Corp.

\*

(Commercial

Services

&

Supplies)

810

5,565

ePlus,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

16,775

Equity

Bancshares,

Inc.

-

Class

A

(Banks)

6,428

Erasca,

Inc.

\*

(Biotechnology)

1,877

2,740

Escalade,

Inc.

(Leisure

Products)

1,548

ESCO

Technologies,

Inc.

(Machinery)

41,459

Esperion

Therapeutics,

Inc.

\*

(Pharmaceuticals)

1,931

1,930

Esquire

Financial

Holdings,

Inc.

(Banks)

6,053

ESSA

Bancorp,

Inc.

(Banks)

1,554

Essent

Group,

Ltd.

(Financial

Services)

1,067

60,743

Essential

Properties

Realty

Trust,

Inc.

(Equity

REIT

-

Diversified)

1,794

57,712

Common

Stocks

(71.9%),

continued

Shares

Value

Ethan

Allen

Interiors,

Inc.

(Household

Durables)

$

6,653

European

Wax

Center,

Inc.

\*

-

Class

A

(Diversified

Consumer

Services)

992

Eve

Holding,

Inc.

\*

(Aerospace

&

Defense)

535

1,905

Eventbrite,

Inc.

\*

-

Class

A

(Entertainment)

811

1,719

EverCommerce,

Inc.

\*

(Software)

2,108

Everi

Holdings,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

830

11,662

EverQuote,

Inc.

\*

-

Class

A

(Interactive

Media

&

Services)

6,077

Everspin

Technologies,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,076

EVERTEC,

Inc.

(Financial

Services)

652

22,129

EVgo,

Inc.

\*

(Specialty

Retail)

1,266

3,494

EVI

Industries,

Inc.

(Trading

Companies

&

Distributors)

1,081

Evolent

Health,

Inc.

\*

-

Class

A

(Health

Care

Technology)

1,181

11,645

Evolus,

Inc.

\*

(Pharmaceuticals)

571

6,509

Evolution

Petroleum

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,307

Evolv

Technologies

Holdings,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,352

5,935

Excelerate

Energy,

Inc.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

4,323

ExlService

Holdings,

Inc.

\*

(Professional

Services)

1,607

77,907

eXp

World

Holdings,

Inc.

(Real

Estate

Management

&

Development)

838

7,676

Exponent,

Inc.

(Professional

Services)

518

40,756

Expro

Group

Holdings

N.V.

\*

(Energy

Equipment

&

Services)

969

8,014

Extreme

Networks,

Inc.

\*

(Communications

Equipment)

1,319

17,358

EyePoint

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

669

4,563

F&G

Annuities

&

Life,

Inc.

(Insurance)

6,614

Fabrinet

\*

(Electronic

Equipment,

Instruments

&

Components)

76,486

Farmers

&

Merchants

Bancorp,

Inc.

(Banks)

3,428

Farmers

National

Banc

Corp.

(Banks)

4,864

Farmland

Partners,

Inc.

(Specialized

REITs)

4,517

FARO

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

5,676

Fastly,

Inc.

\*

-

Class

A

(IT

Services)

1,353

7,780

Fate

Therapeutics,

Inc.

\*

(Biotechnology)

1,023

1,309

FB

Financial

Corp.

(Banks)

15,492

Federal

Agricultural

Mortgage

Corp.

-

Class

C

(Financial

Services)

16,306

Federal

Signal

Corp.

(Machinery)

614

49,998

Fennec

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,474

Fibrobiologics,

Inc.

\*

(Biotechnology)

Fidelis

Insurance

Holdings,

Ltd.

(Insurance)

506

8,273

Fidelity

D&D

Bancorp,

Inc.

(Banks)

1,984

Figs,

Inc.

\*

-

Class

A

(Textiles,

Apparel

&

Luxury

Goods)

1,328

5,352

Financial

Institutions,

Inc.

(Banks)

4,976

First

Advantage

Corp.

(Professional

Services)

612

8,629

First

Bancorp

(Banks)

1,655

32,504

First

Bancorp

(Banks)

16,548

First

Bank/Hamilton

NJ

(Banks)

3,106

First

Busey

Corp.

(Banks)

855

17,775

First

Business

Financial

Services,

Inc.

(Banks)

3,899

First

Commonwealth

Financial

Corp.

(Banks)

1,034

15,841

First

Community

Bancshares,

Inc.

(Banks)

6,556

First

Financial

Bancorp

(Banks)

966

22,363

First

Financial

Bankshares,

Inc.

(Banks)

1,332

44,635

First

Financial

Corp.

(Banks)

5,780

First

Foundation,

Inc.

(Banks)

649

3,258

First

Internet

Bancorp

(Banks)

1,765

First

Interstate

BancSystem,

Inc.

-

Class

A

(Banks)

811

21,244

First

Merchants

Corp.

(Banks)

596

21,241

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

UltraSmall-Cap

ProFund

Common

Stocks

(71.9%),

continued

Shares

Value

First

Mid

Bancshares,

Inc.

(Banks)

$

7,823

First

Watch

Restaurant

Group,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

6,940

First

Western

Financial,

Inc.

\*

(Banks)

1,750

FirstCash

Holdings,

Inc.

(Consumer

Finance)

52,915

FiscalNote

Holdings,

Inc.

\*

(Professional

Services)

755

Five

Star

Bancorp

(Banks)

4,733

FLEX

LNG,

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

7,360

Flexsteel

Industries,

Inc.

(Household

Durables)

1,603

Flowco

Holdings,

Inc.

\*

-

Class

A

(Oil

&

Gas

Services

&

Equipment)

3,903

Fluence

Energy,

Inc.

\*

(Electrical

Equipment)

631

2,581

Fluor

Corp.

\*

(Construction

&

Engineering)

1,746

60,917

Flushing

Financial

Corp.

(Banks)

3,902

Flywire

Corp.

\*

(Financial

Services)

1,235

11,621

Foghorn

Therapeutics,

Inc.

\*

(Biotechnology)

1,088

Foot

Locker,

Inc.

(Specialty

Retail)

854

10,479

Forafric

Global

PLC

\*

(Food

Products)

Forestar

Group,

Inc.

\*

(Real

Estate

Management

&

Development)

3,756

Forge

Global

Holdings,

Inc.

\*

(Institutional

Financial

Services)

1,174

FormFactor,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

792

22,287

Forrester

Research,

Inc.

\*

(Professional

Services)

1,113

Forum

Energy

Technologies,

Inc.

\*

(Energy

Equipment

&

Services)

1,743

Forward

Air

Corp.

(Air

Freight

&

Logistics)

3,754

Four

Corners

Property

Trust,

Inc.

(Specialized

REITs)

987

27,587

Fox

Factory

Holding

Corp.

\*

(Automobile

Components)

8,794

Fractyl

Health,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

Franklin

BSP

Reality

Trust,

Inc.

(Mortgage

REITs)

840

9,559

Franklin

Covey

Co.

\*

(Professional

Services)

2,336

Franklin

Electric

Co.,

Inc.

(Machinery)

39,421

Franklin

Street

Properties

Corp.

(Office

REITs)

996

1,574

Fresh

Del

Monte

Produce,

Inc.

(Food

Products)

11,767

Freshworks,

Inc.

\*

-

Class

A

(Software)

2,114

31,224

Freyr

Battery,

Inc.

\*

(Electrical

Equipment)

1,144

1,384

Frontdoor,

Inc.

\*

(Diversified

Consumer

Services)

787

32,354

Frontier

Group

Holdings,

Inc.

\*

(Passenger

Airlines)

1,281

FrontView

REIT,

Inc.

\*

(Retail

REITs)

1,841

FRP

Holdings,

Inc.

\*

(Real

Estate

Management

&

Development)

3,616

FS

Bancorp,

Inc.

(Banks)

2,659

FTAI

Aviation,

Ltd.

(Trading

Companies

&

Distributors)

1,038

111,179

FTAI

Infrastructure,

Inc.

(Ground

Transportation)

1,030

4,450

fuboTV,

Inc.

\*

(Interactive

Media

&

Services)

3,395

10,185

FuelCell

Energy,

Inc.

\*

(Electrical

Equipment)

857

Fulcrum

Therapeutics,

Inc.

\*

(Pharmaceuticals)

549

2,114

Fulgent

Genetics,

Inc.

\*

(Health

Care

Providers

&

Services)

3,644

Full

House

Resorts,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

1,118

Fulton

Financial

Corp.

(Banks)

1,857

30,975

Funko,

Inc.

\*

-

Class

A

(Leisure

Products)

1,291

FutureFuel

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,089

FVCBankcorp,

Inc.

\*

(Banks)

1,953

Galectin

Therapeutics,

Inc.

\*

(Biotechnology)

Gambling.com

Group,

Ltd.

\*

(Media)

2,149

Gannett

Co.,

Inc.

\*

(Media)

1,451

4,643

GATX

Corp.

(Trading

Companies

&

Distributors)

53,421

GCM

Grosvenor,

Inc.

-

Class

A

(Capital

Markets)

5,543

GCT

Semiconductor

Holding,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

Genco

Shipping

&

Trading,

Ltd.

(Marine

Transportation)

5,586

Common

Stocks

(71.9%),

continued

Shares

Value

Gencor

Industries,

Inc.

\*

(Machinery)

$

1,345

GeneDx

Holdings

Corp.

\*

(Health

Care

Providers

&

Services)

8,757

Generation

Bio

Co.

\*

(Biotechnology)

504

Genesco,

Inc.

\*

(Specialty

Retail)

2,095

Genie

Energy,

Ltd.

-

Class

B

(Electric

Utilities)

1,935

Gentherm,

Inc.

\*

(Automobile

Components)

8,193

Genworth

Financial,

Inc.

\*

(Insurance)

4,332

29,718

Geospace

Technologies

Corp.

\*

(Energy

Equipment

&

Services)

799

German

American

Bancorp,

Inc.

(Banks)

11,032

Geron

Corp.

\*

(Biotechnology)

6,046

8,525

Getty

Images

Holdings,

Inc.

\*

(Interactive

Media

&

Services)

1,024

1,956

Getty

Realty

Corp.

(Retail

REITs)

516

14,443

Gibraltar

Industries,

Inc.

\*

(Building

Products)

16,573

GigaCloud

Technology,

Inc.

\*

-

Class

A

(Distributors)

3,010

G-III

Apparel

Group,

Ltd.

\*

(Textiles,

Apparel

&

Luxury

Goods)

10,038

Glacier

Bancorp,

Inc.

(Banks)

1,165

47,485

Gladstone

Commercial

Corp.

(Equity

REIT

-

Diversified)

6,302

Gladstone

Land

Corp.

(Specialized

REITs)

3,426

Glaukos

Corp.

\*

(Health

Care

Equipment

&

Supplies)

501

47,219

Global

Business

Travel

Group

I

\*

(Hotels,

Restaurants

&

Leisure)

1,283

8,609

Global

Industrial

Co.

(Trading

Companies

&

Distributors)

3,544

Global

Medical

REIT,

Inc.

(Health

Care

REITs)

632

4,892

Global

Net

Lease,

Inc.

(Equity

REIT

-

Diversified)

2,054

15,508

Global

Water

Resources,

Inc.

(Water

Utilities)

1,220

Globalstar,

Inc.

\*

(Telecommunications)

9,552

GMS,

Inc.

\*

(Trading

Companies

&

Distributors)

29,084

Gogo,

Inc.

\*

(Wireless

Telecommunication

Services)

677

5,125

GoHealth,

Inc.

\*

-

Class

A

(Insurance)

Golar

LNG,

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

1,012

43,014

Golden

Entertainment,

Inc.

ARS

(Hotels,

Restaurants

&

Leisure)

5,037

Golden

Matrix

Group,

Inc.

\*

(Entertainment)

Golden

Ocean

Group,

Ltd.

(Marine

Transportation)

1,244

9,604

Goosehead

Insurance,

Inc.

\*

-

Class

A

(Insurance)

22,261

GoPro,

Inc.

\*

-

Class

A

(Household

Durables)

1,303

751

GrafTech

International,

Ltd.

\*

(Electrical

Equipment)

2,645

1,674

Graham

Corp.

\*

(Machinery)

3,200

Graham

Holdings

Co.

-

Class

B

(Diversified

Consumer

Services)

30,362

Granite

Construction,

Inc.

(Construction

&

Engineering)

36,581

Granite

Point

Mortgage

Trust,

Inc.

(Mortgage

REITs)

503

991

Granite

Ridge

Resources,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

538

2,588

Gray

Television,

Inc.

(Media)

875

2,931

Great

Lakes

Dredge

&

Dock

Corp.

\*

(Construction

&

Engineering)

675

6,136

Great

Southern

Bancorp,

Inc.

(Banks)

4,785

Green

Brick

Partners,

Inc.

\*

(Household

Durables)

18,818

Green

Dot

Corp.

\*

-

Class

A

(Consumer

Finance)

549

4,595

Green

Plains,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

651

2,331

Greene

County

Bancorp,

Inc.

(Banks)

1,602

Greenlight

Capital

Re,

Ltd.

\*

-

Class

A

(Insurance)

3,633

Greenwich

Lifesciences,

Inc.

\*

(Biotechnology)

626

Greif,

Inc.

-

Class

A

(Containers

&

Packaging)

13,330

Greif,

Inc.

-

Class

B

(Containers

&

Packaging)

2,779

Grid

Dynamics

Holdings,

Inc.

\*

(IT

Services)

631

8,935

Griffon

Corp.

(Building

Products)

27,380

Grindr,

Inc.

\*

(Interactive

Media

&

Services)

5,493

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraSmall-Cap

ProFund

Common

Stocks

(71.9%),

continued

Shares

Value

Group

Automotive,

Inc.

(Specialty

Retail)

$

53,682

Groupon,

Inc.

\*

(Broadline

Retail)

4,334

GrowGeneration

Corp.

\*

(Specialty

Retail)

569

666

Guaranty

Bancshares,

Inc.

(Banks)

3,196

Guardant

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

1,223

57,762

Guardian

Pharmacy

Services,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

2,178

Gulport

Energy

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

22,598

Gyre

Therapeutics,

Inc.

\*

(Biotechnology)

703

H&E

Equipment

Services,

Inc.

(Trading

Companies

&

Distributors)

29,637

H.B.

Fuller

Co.

(Chemicals)

560

30,262

HA

Sustainable

Infrastructure

Capital,

Inc.

(Financial

Services)

1,201

30,001

Haemonetics

Corp.

\*

(Health

Care

Equipment

&

Supplies)

508

32,014

Hallador

Energy

Co.

\*

(Oil,

Gas

&

Consumable

Fuels)

3,629

Halozyme

Therapeutics,

Inc.

\*

(Biotechnology)

1,275

78,310

Hamilton

Beach

Brands

Holding

Co.

-

Class

A

(Household

Durables)

1,643

Hamilton

Insurance

Group,

Ltd.

\*

-

Class

B

(Insurance)

7,826

Hamilton

Lane,

Inc.

-

Class

A

(Capital

Markets)

62,569

Hancock

Whitney

Corp.

(Banks)

887

46,204

Hanesbrands,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

3,613

16,584

Hanmi

Financial

Corp.

(Banks)

7,044

HarborOne

Bancorp,

Inc.

(Banks)

4,370

Harmonic,

Inc.

\*

(Communications

Equipment)

1,130

10,147

Harmony

Biosciences

Holdings,

Inc.

\*

(Pharmaceuticals)

11,523

Harrow,

Inc.

\*

(Pharmaceuticals)

7,728

Harvard

Bioscience,

Inc.

\*

(Life

Sciences

Tools

&

Services)

Haverty

Furniture

Cos.,

Inc.

(Specialty

Retail)

2,742

Hawaiian

Electric

Industries,

Inc.

(Electric

Utilities)

1,778

18,669

Hawkins,

Inc.

(Chemicals)

24,234

HBT

Financial,

Inc.

(Banks)

3,036

HCI

Group,

Inc.

(Insurance)

12,289

Health

Catalyst,

Inc.

\*

(Health

Care

Technology)

612

2,417

Healthcare

Services

Group,

Inc.

\*

(Commercial

Services

&

Supplies)

752

10,686

HealthEquity,

Inc.

\*

(Health

Care

Providers

&

Services)

877

75,177

HealthStream,

Inc.

(Health

Care

Technology)

8,374

Heartland

Express,

Inc.

(Ground

Transportation)

3,625

Hecla

Mining

Co.

(Metals

&

Mining)

6,110

34,949

Heidrick

&

Struggles

International,

Inc.

(Professional

Services)

7,999

Heilos

Technologies,

Inc.

(Machinery)

9,268

Helen

of

Troy,

Ltd.

\*

(Household

Durables)

6,491

Helix

Energy

Solutions

Group,

Inc.

\*

(Energy

Equipment

&

Services)

1,473

8,971

Helmerich

&

Payne,

Inc.

(Energy

Equipment

&

Services)

1,008

19,041

Herbalife,

Ltd.

\*

(Personal

Care

Products)

1,033

7,438

Herc

Holdings,

Inc.

(Trading

Companies

&

Distributors)

31,519

Heritage

Commerce

Corp.

(Banks)

609

5,505

Heritage

Financial

Corp.

(Banks)

7,896

Heritage

Insurance

Holdings,

Inc.

\*

(Insurance)

4,423

Heron

Therapeutics,

Inc.

\*

(Biotechnology)

1,199

2,902

Hertz

Global

Holdings,

Inc.

\*

(Ground

Transportation)

1,254

8,552

HF

Foods

Group,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

1,541

HighPeak

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,193

Hillenbrand,

Inc.

(Machinery)

717

14,505

HilleVax,

Inc.

\*

(Biotechnology)

623

Hillman

Solutions

Corp.

\*

(Machinery)

2,009

14,043

Common

Stocks

(71.9%),

continued

Shares

Value

Hilltop

Holdings,

Inc.

(Banks)

$

14,056

Hilton

Grand

Vacations,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

710

23,877

Himalaya

Shipping,

Ltd.

(Marine

Transportation)

1,587

Hims

&

Hers

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

1,977

65,439

Hingham

Institution

for

Savings

(Banks)

3,743

Hippo

Holdings,

Inc.

\*

(Insurance)

4,693

HireQuest,

Inc.

(Professional

Services)

586

HNI

Corp.

(Commercial

Services

&

Supplies)

20,558

Holley,

Inc.

\*

(Automobile

Components)

1,019

Hologic,

Inc.

\*

(Biotechnology)

1,560

Home

Bancorp,

Inc.

(Banks)

3,675

Home

BancShares,

Inc.

(Banks)

1,906

52,892

HomeStreet,

Inc.

(Banks)

2,124

HomeTrust

Bancshares,

Inc.

(Banks)

5,155

Hooker

Funrishings

Corp.

(Household

Durables)

1,027

Hope

Bancorp,

Inc.

(Banks)

1,233

12,293

Horace

Mann

Educators

Corp.

(Insurance)

17,447

Horizon

Bancorp,

Inc.

(Banks)

6,503

Hovnanian

Enterprises,

Inc.

\*

-

Class

A

(Household

Durables)

5,034

Hub

Group,

Inc.

-

Class

A

(Air

Freight

&

Logistics)

612

19,332

Hudson

Pacific

Properties,

Inc.

(Office

REITs)

1,397

2,864

Hudson

Technologies,

Inc.

\*

(Trading

Companies

&

Distributors)

3,044

Humacyte,

Inc.

\*

(Biotechnology)

923

1,338

Huron

Consulting

Group,

Inc.

\*

(Professional

Services)

24,262

Hut

Corp.

\*

(Software)

829

10,205

Hyliion

Holdings

Corp.

\*

(Machinery)

1,424

2,150

Hyster-Yale,

Inc.

-

Class

A

(Machinery)

4,496

I3

Verticals,

Inc.

\*

-

Class

A

(Financial

Services)

5,853

Gold

Corp.

\*

(Metals

&

Mining)

3,236

1,988

IBEX

Holdings,

Ltd.

\*

(Professional

Services)

2,153

Ibotta,

Inc.

\*

-

Class

A

(Media)

7,808

ICF

International,

Inc.

(Professional

Services)

16,227

Ichor

Holdings,

Ltd.

\*

(Semiconductors

&

Semiconductor

Equipment)

6,686

ICU

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

30,050

Ideaya

Biosciences,

Inc.

\*

(Biotechnology)

883

17,775

IDT

Corp.

-

Class

B

(Diversified

Telecommunication

Services)

7,889

IES

Holdings,

Inc.

\*

(Construction

&

Engineering)

16,521

IGM

Biosciences,

Inc.

\*

(Biotechnology)

iHeartMedia,

Inc.

\*

-

Class

A

(Media)

1,072

1,104

IMAX

Corp.

\*

(Entertainment)

10,657

Immersion

Corp.

(Technology

Hardware,

Storage

&

Peripherals)

2,270

ImmunityBio,

Inc.

\*

(Biotechnology)

1,560

3,916

Immunome,

Inc.

\*

(Biotechnology)

725

6,373

Immunovant,

Inc.

\*

(Biotechnology)

593

9,577

Impinj,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

21,651

Independence

Realty

Trust,

Inc.

(Residential

REITs)

2,311

44,903

Independent

Bank

Corp.

(Banks)

25,645

Independent

Bank

Corp.

(Banks)

6,214

indie

Semiconductor,

Inc.

\*

-

Class

A

(Semiconductors

&

Semiconductor

Equipment)

1,721

3,425

Industrial

Logistics

Properties

Trust

(Industrial

REITs)

666

1,745

Infinity

Natural

Resources,

Inc.

\*

-

Class

A

(Oil

&

Gas

Producers)

2,011

Information

Services

Group,

Inc.

(IT

Services)

1,408

InfuSystem

Holdings,

Inc.

\*

(Health

Care

Providers

&

Services)

953

Ingevity

Corp.

\*

(Chemicals)

12,302

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

UltraSmall-Cap

ProFund

Common

Stocks

(71.9%),

continued

Shares

Value

Ingles

Markets,

Inc.

-

Class

A

(Consumer

Staples

Distribution

&

Retail)

$

9,130

Inhibrx

Biosciences,

Inc.

\*

(Biotechnology)

1,455

Inmode,

Ltd.

\*

(Health

Care

Equipment

&

Supplies)

672

9,475

Inmune

Bio,

Inc.

\*

(Biotechnology)

1,085

Innodata,

Inc.

\*

(Professional

Services)

10,438

Innospec,

Inc.

(Chemicals)

22,728

Innovage

Holding

Corp.

\*

(Health

Care

Providers

&

Services)

607

Innovative

Industrial

Properties,

Inc.

(Industrial

REITs)

15,641

Innovex

International,

Inc.

\*

(Energy

Equipment

&

Services)

5,496

Innoviva,

Inc.

\*

(Pharmaceuticals)

566

10,579

Inogen,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,761

Inovio

Pharmaceuticals,

Inc.

\*

(Biotechnology)

714

Inozyme

Pharma,

Inc.

\*

(Biotechnology)

547

629

Insight

Enterprises,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

38,304

Insmed,

Inc.

\*

(Biotechnology)

1,763

126,935

Insperity,

Inc.

(Professional

Services)

23,924

Inspired

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

1,667

Installed

Building

Products,

Inc.

(Household

Durables)

40,297

Insteel

Industries,

Inc.

(Building

Products)

6,511

Intapp,

Inc.

\*

(Software)

545

29,572

Integer

Holdings

Corp.

\*

(Health

Care

Equipment

&

Supplies)

43,198

Integra

LifeSciences

Holdings

Corp.

\*

(Health

Care

Equipment

&

Supplies)

692

11,342

Integral

Ad

Science

Holding

Corp.

\*

(Media)

746

5,274

Intellia

Therapeutics,

Inc.

\*

(Biotechnology)

1,036

9,189

Inter

Parfums,

Inc.

(Personal

Care

Products)

20,310

InterDigital,

Inc.

(Software)

51,858

Interface,

Inc.

(Commercial

Services

&

Supplies)

587

11,036

International

Bancshares

Corp.

(Banks)

553

33,755

International

Game

Technology

PLC

(Hotels,

Restaurants

&

Leisure)

1,164

19,090

International

Money

Express,

Inc.

\*

(Financial

Services)

3,825

International

Seaways,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

14,093

Intrepid

Potash,

Inc.

\*

(Chemicals)

3,667

Intuitive

Machines,

Inc.

\*

(Aerospace

&

Defense)

3,501

InvenTrust

Properties

Corp.

(Retail

REITs)

793

22,093

Invesco

Mortgage

Capital,

Inc.

(Mortgage

REITs)

626

4,589

Investar

Holding

Corp.

(Banks)

1,798

Investors

Title

Co.

(Insurance)

3,237

Invivyd,

Inc.

\*

(Biotechnology)

809

510

IonQ,

Inc.

\*

(Technology

Hardware,

Storage

&

Peripherals)

2,079

57,090

Iovance

Biotheraputics,

Inc.

\*

(Biotechnology)

2,806

10,074

iRadimed

Corp.

(Health

Care

Equipment

&

Supplies)

4,350

iRhythm

Technologies,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

34,205

iRobot

Corp.

\*

(Household

Durables)

752

Ironwood

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,444

1,346

Ispire

Technology,

Inc.

\*

(Tobacco)

541

iTeos

Therapeutics,

Inc.

\*

(Biotechnology)

1,965

Itron,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

51,416

Ivanhoe

Electric,

Inc.

\*

(Metals

&

Mining)

855

5,387

J

&

J

Snack

Foods

Corp.

(Food

Products)

20,216

J

Jill,

Inc.

(Specialty

Retail)

959

Jack

in

the

Box,

Inc.

(Hotels,

Restaurants

&

Leisure)

5,052

Jackson

Financial,

Inc.

-

Class

A

(Financial

Services)

748

58,276

Jade

Biosciences,

Inc.

\*

(Biotech

&

Pharma)

Common

Stocks

(71.9%),

continued

Shares

Value

JAKKS

Pacific,

Inc.

\*

(Leisure

Products)

$

1,601

James

River

Group

Holdings,

Ltd.

(Insurance)

1,823

Jamf

Holding

Corp.

\*

(Software)

851

9,846

Janus

International

Group,

Inc.

\*

(Building

Products)

1,402

9,646

Janux

Therapeutics,

Inc.

\*

(Biotechnology)

10,757

Jasper

Therapeutics,

Inc.

\*

(Biotechnology)

637

JBG

SMITH

Properties

(Office

REITs)

834

11,659

JELD-WEN

Holding,

Inc.

\*

(Building

Products)

865

4,775

JetBlue

Airways

Corp.

\*

(Passenger

Airlines)

3,193

13,921

Joby

Aviation,

Inc.

\*

(Passenger

Airlines)

4,418

27,834

John

B. Sanfilippo

&

Son,

Inc.

(Food

Products)

6,031

John

Bean

Technologies

Corp.

(Machinery)

50,630

John

Marshall

Bancorp,

Inc.

(Banks)

2,218

John

Wiley

&

Sons,

Inc.

-

Class

A

(Media)

17,500

Johnson

Outdoors,

Inc.

-

Class

A

(Leisure

Products)

1,119

Kadant,

Inc.

(Machinery)

35,105

Kaiser

Aluminum

Corp.

(Metals

&

Mining)

10,507

Kaltura,

Inc.

\*

(Software)

996

2,141

KalVista

Pharmaceuticals,

Inc.

\*

(Biotechnology)

5,467

KAR

Auction

Services,

Inc.

\*

(Commercial

Services

&

Supplies)

1,082

20,028

Karat

Packaging,

Inc.

(Trading

Companies

&

Distributors)

1,873

KB

Home

(Household

Durables)

655

35,390

Kearney

Financial

Corp.

(Banks)

560

3,506

Kelly

Services,

Inc.

\*

-

Class

A

(Professional

Services)

3,708

Kennametal,

Inc.

(Machinery)

797

15,526

Kennedy-Wilson

Holdings,

Inc.

(Real

Estate

Management

&

Development)

1,163

7,443

Keros

Therapeutics,

Inc.

\*

(Biotechnology)

4,895

Kforce,

Inc.

(Professional

Services)

7,105

Kimball

Electronics,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,585

KinderCare

Learning

Cos.,

Inc.

\*

(Diversified

Consumer

Services)

3,494

Kinetik

Holdings,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

16,247

Kingsway

Financial

Services,

Inc.

\*

(Insurance)

1,125

Kiniksa

Pharmaceuticals

International

PLC

\*

(Biotechnology)

10,626

Kite

Realty

Group

Trust

(Retail

REITs)

2,221

48,084

KKR

Real

Estate

Finance

Trust,

Inc.

(Mortgage

REITs)

601

5,559

Knife

River

Corp.

\*

(Construction

Materials)

581

54,253

Knowles

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

889

13,993

Kodiak

Gas

Services,

Inc.

(Energy

Equipment

&

Services)

15,679

Kodiak

Sciences,

Inc.

\*

(Biotechnology)

1,448

Kontoor

Brands,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

563

33,863

Koppers

Holdings,

Inc.

(Chemicals)

5,062

Korn

Ferry

(Professional

Services)

525

32,393

Korro

Bio,

Inc.

\*

(Biotechnology)

1,118

Kosmos

Energy,

Ltd.

\*

(Oil,

Gas

&

Consumable

Fuels)

4,782

7,364

Kratos

Defense

&

Security

Solutions,

Inc.

\*

(Aerospace

&

Defense)

1,512

51,083

Krispy

Kreme,

Inc.

(Hotels,

Restaurants

&

Leisure)

874

3,583

Kronos

Worldwide,

Inc.

(Chemicals)

1,727

Krystal

Biotech,

Inc.

\*

(Biotechnology)

42,980

Kulicke

&

Soffa

Industries,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

535

17,243

Kura

Oncology,

Inc.

\*

(Biotechnology)

756

4,959

Kura

Sushi

USA,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

4,063

Kymera

Therapeutics,

Inc.

\*

(Biotechnology)

16,484

Kyverna

Therapeutics,

Inc.

\*

(Biotechnology)

603

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraSmall-Cap

ProFund

Common

Stocks

(71.9%),

continued

Shares

Value

L.B.

Foster

Co.

\*

-

Class

A

(Machinery)

$

1,817

Ladder

Capital

Corp.

(Mortgage

REITs)

1,161

12,121

Lakeland

Financial

Corp.

(Banks)

14,085

Lancaster

Colony

Corp.

(Food

Products)

32,719

Landec

Corp.

\*

(Life

Sciences

Tools

&

Services)

1,744

Lands'

End,

Inc.

\*

(Specialty

Retail)

1,261

Landsea

Home

Corp.

\*

(Household

Durables)

1,793

Lantheus

Holdings,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

704

73,455

LanzaTech

Global,

Inc.

\*

(Commercial

Services

&

Supplies)

1,141

Larimar

Therapeutics,

Inc.

\*

(Biotechnology)

1,134

Latham

Group,

Inc.

\*

(Leisure

Products)

2,263

Laureate

Education,

Inc.

(Diversified

Consumer

Services)

1,333

26,753

Lawson

Products,

Inc.

\*

(Trading

Companies

&

Distributors)

2,786

La-Z-Boy,

Inc.

(Household

Durables)

16,827

LCI

Industries

(Automobile

Components)

19,501

LCNB

Corp.

(Banks)

1,968

Legacy

Housing

Corp.

\*

(Household

Durables)

2,773

Legalzoom.com,

Inc.

\*

(Professional

Services)

1,290

9,443

LeMaitre

Vascular,

Inc.

(Health

Care

Equipment

&

Supplies)

18,783

Lemonade,

Inc.

\*

(Insurance)

535

15,633

LendingClub

Corp.

\*

(Consumer

Finance)

1,130

11,040

LendingTree,

Inc.

\*

(Consumer

Finance)

5,314

LENZ

Therapeutics,

Inc.

\*

(Biotechnology)

3,678

Leonardo

DRS,

Inc.

\*

(Aerospace

&

Defense)

753

27,831

Leslie's,

Inc.

\*

(Specialty

Retail)

1,894

1,137

Lexeo

Therapeutics,

Inc.

\*

(Biotechnology)

939

Lexicon

Pharmaceuticals,

Inc.

\*

(Biotechnology)

1,172

857

Lexington

Realty

Trust

(Industrial

REITs)

2,972

23,449

LGI

Homes,

Inc.

\*

(Household

Durables)

11,687

Liberty

Energy,

Inc.

(Energy

Equipment

&

Services)

1,619

18,619

Liberty

Latin

America,

Ltd.

\*

-

Class

A

(Diversified

Telecommunication

Services)

1,740

Liberty

Latin

America,

Ltd.

\*

-

Class

C

(Diversified

Telecommunication

Services)

1,326

7,293

Life

Time

Group

Holdings,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

860

26,368

Life360,

Inc.

\*

(Software)

4,590

LifeMD,

Inc.

\*

(Health

Care

Technology)

2,753

LifeStance

Health

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

1,426

9,369

Lifetime

Brands,

Inc.

(Household

Durables)

Lifeway

Foods,

Inc.

\*

(Food

Products)

1,089

Lifezone

Metals,

Ltd.

\*

(Metals

&

Mining)

1,332

Ligand

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

19,994

Lightwave

Logic,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,254

1,116

Limbach

Holdings,

Inc.

\*

(Construction

&

Engineering)

10,053

Limoneira

Co.

(Food

Products)

2,540

Lincoln

Educational

Services

Corp.

\*

(Diversified

Consumer

Services)

4,512

Lindblad

Expeditions

Holdings,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

3,262

Lindsay

Corp.

(Machinery)

14,197

Lineage

Cell

Therapeutics,

Inc.

\*

(Biotechnology)

1,834

915

LINKBANCORP,

Inc.

(Banks)

1,580

Lions

Gate

Entertainment

Corp.

\*

-

Class

A

(Entertainment)

609

5,408

Lions

Gate

Entertainment

Corp.

\*

-

Class

B

(Entertainment)

1,273

10,159

Liquidia

Corp.

\*

(Pharmaceuticals)

649

9,067

Common

Stocks

(71.9%),

continued

Shares

Value

Liquidity

Services,

Inc.

\*

(Commercial

Services

&

Supplies)

$

6,992

LivaNova

PLC

\*

(Health

Care

Equipment

&

Supplies)

558

20,646

Live

Oak

Bancshares,

Inc.

(Banks)

9,254

LiveOne,

Inc.

\*

(Entertainment)

741

651

LiveRamp

Holdings,

Inc.

\*

(Software)

657

17,187

Livewire

Group,

Inc.

\*

(Automobiles)

LSB

Industries,

Inc.

\*

(Chemicals)

545

3,477

LSI

Industries,

Inc.

(Electrical

Equipment)

4,421

LTC

Properties,

Inc.

(Health

Care

REITs)

16,428

Lumen

Technologies,

Inc.

\*

(Diversified

Telecommunication

Services)

10,348

36,632

Luminar

Technologies,

Inc.

\*

(Automobile

Components)

1,028

Luxfer

Holdings

PLC

(Machinery)

2,948

Lyell

Immunopharma,

Inc.

\*

(Biotechnology)

1,642

780

Lyra

Therapeutics,

Inc.

\*

(Pharmaceuticals)

M/I

Homes,

Inc.

\*

(Household

Durables)

29,124

Mack-Cali

Realty

Corp.

\*

(Residential

REITs)

803

12,463

MacroGenics,

Inc.

\*

(Biotechnology)

627

1,088

Madison

Square

Garden

Entertainment

Corp.

\*

(Entertainment)

13,106

Madrigal

Pharmaceuticals,

Inc.

\*

(Biotechnology)

61,106

Magnite,

Inc.

\*

(Media)

1,287

15,302

Magnolia

Oil

&

Gas

Corp.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

1,771

36,358

Maiden

Holdings,

Ltd.

\*

(Insurance)

914

1,280

Malibu

Boats,

Inc.

\*

-

Class

A

(Leisure

Products)

5,741

Mama's

Creations,

Inc.

\*

(Food

Products)

2,224

Mammoth

Energy

Services,

Inc.

\*

(Energy

Equipment

&

Services)

625

Mannkind

Corp.

\*

(Biotechnology)

2,753

13,875

MARA

Holdings,

Inc.

\*

(Software)

3,488

46,635

Maravai

LifeSciences

Holdings,

Inc.

\*

-

Class

A

(Life

Sciences

Tools

&

Services)

1,128

2,279

Marcus

&

Millichap,

Inc.

(Real

Estate

Management

&

Development)

7,296

Marine

Products

Corp.

(Leisure

Products)

748

MarineMax,

Inc.

\*

(Specialty

Retail)

4,850

MarketWise,

Inc.

(Capital

Markets)

Marqeta,

Inc.

\*

-

Class

A

(Financial

Services)

4,787

20,010

Marten

Transport,

Ltd.

(Ground

Transportation)

593

7,614

Masterbrand,

Inc.

\*

(Building

Products)

1,296

15,746

MasterCraft

Boat

Holdings,

Inc.

\*

(Leisure

Products)

2,778

Materion

Corp.

(Metals

&

Mining)

17,432

Mativ

Holdings,

Inc.

(Chemicals)

552

2,821

Matrix

Service

Co.

\*

(Construction

&

Engineering)

3,132

Matson,

Inc.

(Marine

Transportation)

36,545

Matthews

International

Corp.

-

Class

A

(Commercial

Services

&

Supplies)

6,196

Maui

Land

&

Pineapple

Co.,

Inc.

\*

(Real

Estate

Management

&

Development)

1,211

MaxCyte,

Inc.

\*

(Life

Sciences

Tools

&

Services)

1,081

3,070

Maximus,

Inc.

(Professional

Services)

584

39,105

MaxLinear,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

817

8,162

Mayville

Engineering

Co.,

Inc.

\*

(Machinery)

1,687

Maze

Therapeutics,

Inc.

\*

(Biotechnology)

833

MBIA,

Inc.

(Insurance)

2,143

MBX

Biosciences,

Inc.

\*

(Pharmaceuticals)

1,206

McGrath

RentCorp

(Trading

Companies

&

Distributors)

26,668

Medallion

Financial

Corp.

(Consumer

Finance)

1,663

MediaAlpha,

Inc.

\*

-

Class

A

(Interactive

Media

&

Services)

2,604

Medifast,

Inc.

(Personal

Care

Products)

1,432

MediWound,

Ltd.

\*

(Pharmaceuticals)

1,682

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

UltraSmall-Cap

ProFund

Common

Stocks

(71.9%),

continued

Shares

Value

Mednax,

Inc.

\*

(Health

Care

Providers

&

Services)

881

$

11,347

MeiraGTx

Holdings

PLC

\*

(Biotechnology)

3,417

Mercantile

Bank

Corp.

(Banks)

6,770

Merchants

Bancorp

(Financial

Services)

5,535

Mercury

General

Corp.

(Insurance)

15,185

Mercury

Systems,

Inc.

\*

(Aerospace

&

Defense)

532

26,600

MeridianLink,

Inc.

\*

(Software)

5,648

Merit

Medical

Systems,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

585

55,253

Meritage

Homes

Corp.

(Household

Durables)

735

50,082

Mersana

Therapeutics,

Inc.

\*

(Biotechnology)

1,094

Mesa

Laboratories,

Inc.

(Life

Sciences

Tools

&

Services)

6,223

Metagenomi,

Inc.

\*

(Biotechnology)

Metals

Acquisition,

Ltd.

\*

-

Class

A

(Metals

&

Mining)

551

4,953

Methode

Electronics,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

2,263

Metrocity

Bankshares,

Inc.

(Banks)

5,183

Metropolitan

Bank

Holding

Corp.

\*

(Banks)

6,688

Metsera,

Inc.

\*

(Biotechnology)

3,785

MFA

Financial,

Inc.

(Mortgage

REITs)

1,047

10,282

MGE

Energy,

Inc.

(Electric

Utilities)

33,727

MGP

Ingredients,

Inc.

(Beverages)

4,273

MicroVision,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

2,149

2,428

Mid

Penn

Bancorp,

Inc.

(Banks)

6,130

Middlefield

Banc

Corp.

\*

(Banks)

1,945

Middlesex

Water

Co.

(Water

Utilities)

11,425

Midland

States

Bankcorp,

Inc.

(Banks)

3,419

MidWestOne

Financial

Group,

Inc.

(Banks)

5,465

Miller

Industries,

Inc.

(Machinery)

4,612

MillerKnoll,

Inc.

(Commercial

Services

&

Supplies)

696

11,414

MiMedx

Group,

Inc.

\*

(Biotechnology)

1,211

8,332

Mind

Medicine

MindMed,

Inc.

\*

(Pharmaceuticals)

751

4,799

Minerals

Technologies,

Inc.

(Chemicals)

16,767

Mineralys

Therapeutics,

Inc.

\*

(Biotechnology)

4,149

Mirion

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

2,112

33,327

Mirum

Pharmaceuticals,

Inc.

\*

(Biotechnology)

17,641

Mission

Produce,

Inc.

\*

(Food

Products)

4,651

Mister

Car

Wash,

Inc.

\*

(Diversified

Consumer

Services)

970

6,654

Mistras

Group,

Inc.

\*

(Professional

Services)

1,961

Mitek

Systems,

Inc.

\*

(Software)

3,792

Modine

Manufacturing

Co.

\*

(Automobile

Components)

528

43,107

ModivCare,

Inc.

\*

(Health

Care

Providers

&

Services)

Moelis

&

Co.

-

Class

A

(Capital

Markets)

722

38,685

Monarch

Casino

&

Resort,

Inc.

(Hotels,

Restaurants

&

Leisure)

10,243

Monro,

Inc.

(Specialty

Retail)

4,252

Montauk

Renewables,

Inc.

\*

(Independent

Power/

Renewable

Electricity

Producers)

674

1,415

Monte

Rosa

Therapeutics,

Inc.

\*

(Biotechnology)

2,072

Montrose

Environemental

Group,

Inc.

\*

(Commercial

Services

&

Supplies)

4,755

Moog,

Inc.

-

Class

A

(Aerospace

&

Defense)

48,001

Movado

Group,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

2,153

Mr.

Cooper

Group,

Inc.

\*

(Financial

Services)

645

76,760

MRC

Global,

Inc.

\*

(Trading

Companies

&

Distributors)

863

10,054

Mueller

Industries,

Inc.

(Machinery)

1,144

84,153

Mueller

Water

Products,

Inc.

-

Class

A,

Series

A

(Machinery)

1,589

41,695

Murphy

Oil

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,418

29,111

MVB

Financial

Corp.

(Banks)

1,996

Myers

Industries,

Inc.

(Containers

&

Packaging)

3,980

MYR

Group,

Inc.

\*

(Construction

&

Engineering)

19,938

Myriad

Genetics,

Inc.

\*

(Biotechnology)

914

6,773

Common

Stocks

(71.9%),

continued

Shares

Value

N-able,

Inc.

\*

(Software)

740

$

5,224

Nabors

Industries,

Ltd.

\*

(Energy

Equipment

&

Services)

2,496

NACCO

Industries,

Inc.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

1,431

NANO

Nuclear

Energy,

Inc.

\*

(Electrical

Equipment)

5,688

Nano-X

Imaging,

Ltd.

\*

(Health

Care

Providers

&

Services)

561

2,822

Napco

Security

Technologies,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

8,226

Nathan's

Famous,

Inc.

(Hotels,

Restaurants

&

Leisure)

2,933

National

Bank

Holdings

Corp.

-

Class

A

(Banks)

13,632

National

Bankshares,

Inc.

(Banks)

1,546

National

Beverage

Corp.

(Beverages)

10,656

National

CineMedia,

Inc.

\*

(Media)

712

4,080

National

Health

Investors,

Inc.

(Health

Care

REITs)

33,824

National

HealthCare

Corp.

(Health

Care

Providers

&

Services)

12,095

National

Presto

Industries,

Inc.

(Aerospace

&

Defense)

4,555

National

Research

Corp.

(Health

Care

Providers

&

Services)

1,761

National

Vision

Holdings,

Inc.

\*

(Specialty

Retail)

797

9,843

Natural

Gas

Services

Group,

Inc.

\*

(Energy

Equipment

&

Services)

1,959

Natural

Grocers

by

Vitamin

Cottage,

Inc.

(Consumer

Staples

Distribution

&

Retail)

4,765

Nature's

Sunshine

Products,

Inc.

\*

(Personal

Care

Products)

1,602

Nautilus

Biotechnology,

Inc.

\*

(Life

Sciences

Tools

&

Services)

Navient

Corp.

(Consumer

Finance)

759

9,396

Navitas

Semiconductor

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,315

2,538

NB

Bancorp,

Inc.

\*

(Banks)

6,809

NBT

Bancorp,

Inc.

(Banks)

19,900

NCR

Atleos

Corp.

\*

(Financial

Services)

737

20,577

NCR

Voyix

Corp.

\*

(Software)

1,487

12,744

Nektar

Therapeutics

\*

(Pharmaceuticals)

1,824

1,451

Nelnet,

Inc.

-

Class

A

(Consumer

Finance)

15,383

Neogen

Corp.

\*

(Health

Care

Equipment

&

Supplies)

2,231

11,267

NeoGenomics,

Inc.

\*

(Health

Care

Providers

&

Services)

1,304

8,339

NerdWallet,

Inc.

\*

-

Class

A

(Consumer

Finance)

3,217

Nerdy,

Inc.

\*

(Diversified

Consumer

Services)

793

1,261

NET

Lease

Office

Properties

\*

(Office

REITs)

4,625

Net

Power,

Inc.

\*

(Electrical

Equipment)

NETGEAR,

Inc.

\*

(Communications

Equipment)

6,874

NetScout

Systems,

Inc.

\*

(Communications

Equipment)

708

14,882

NETSTREIT

Corp.

(Retail

REITs)

839

13,651

Neumora

Therapeutics,

Inc.

\*

(Pharmaceuticals)

870

678

Neurogene,

Inc.

\*

(Biotechnology)

1,815

NeuroPace,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,695

New

Jersey

Resources

Corp.

(Gas

Utilities)

1,020

49,919

New

York

Community

Bancorp,

Inc.

\*

(Banks)

2,594

30,376

New

York

Mortgage

Trust,

Inc.

(Mortgage

REITs)

928

5,447

Newmark

Group,

Inc.

-

Class

A

(Real

Estate

Management

&

Development)

1,346

14,793

Newpark

Resources,

Inc.

\*

(Energy

Equipment

&

Services)

860

4,971

NewtekOne,

Inc.

(Financial

Services)

2,631

NexPoint

Diversified

Real

Estate

Trust

\*

(Equity

REIT

-

Diversified)

1,278

Nexpoint

Real

Estate

Finance,

Inc.

(Mortgage

REITs)

1,214

NexPoint

Residential

Trust,

Inc.

(Residential

REITs)

8,537

NextDecade

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,183

8,849

Nextdoor

Holdings,

Inc.

\*

(Interactive

Media

&

Services)

1,760

2,587

NextNav,

Inc.

\*

(Software)

819

10,172

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraSmall-Cap

ProFund

Common

Stocks

(71.9%),

continued

Shares

Value

NEXTracker,

Inc.

\*

-

Class

A

(Electrical

Equipment)

1,475

$

59,899

NI

Holdings,

Inc.

\*

(Insurance)

1,000

Nicolet

Bankshares,

Inc.

(Banks)

16,237

Nkarta,

Inc.

\*

(Biotechnology)

540

1,145

NL

Industries,

Inc.

(Commercial

Services

&

Supplies)

729

nLight,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,670

NMI

Holdings,

Inc.

\*

-

Class

A

(Financial

Services)

802

29,008

NN,

Inc.

\*

(Machinery)

953

Noble

Corp.

PLC

(Energy

Equipment

&

Services)

1,359

29,545

Nordic

American

Tankers,

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

2,083

5,332

Northeast

Bank

(Banks)

6,046

Northeast

Community

Bancorp,

Inc.

(Banks)

2,868

Northern

Oil

and

Gas,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,002

24,349

Northern

Technologies

International

Corp.

(Chemicals)

596

Northfield

Bancorp,

Inc.

(Banks)

4,125

Northrim

Bancorp,

Inc.

(Banks)

4,416

Northwest

Bancshares,

Inc.

(Banks)

1,303

16,092

Northwest

Natural

Holding

Co.

(Gas

Utilities)

17,628

Northwest

Pipe

Co.

\*

(Construction

&

Engineering)

4,194

NorthWestern

Energy

Group,

Inc.

(Multi-Utilities)

631

36,743

Norwood

Financial

Corp.

(Banks)

2,101

Novagold

Resources,

Inc.

\*

(Metals

&

Mining)

2,494

10,550

Novanta,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

43,740

Novavax,

Inc.

\*

(Biotechnology)

1,576

10,512

Novocure,

Ltd.

\*

(Health

Care

Equipment

&

Supplies)

1,089

19,754

Nu

Skin

Enterprises,

Inc.

-

Class

A

(Personal

Care

Products)

508

3,216

Nurix

Therapeutics,

Inc.

\*

(Biotechnology)

769

8,867

NuScale

Power

Corp.

\*

(Electrical

Equipment)

925

15,327

Nuvalent,

Inc.

\*

-

Class

A

(Biotechnology)

27,553

Nuvation

Bio,

Inc.

\*

(Pharmaceuticals)

1,851

4,165

NV5

Global,

Inc.

\*

(Professional

Services)

584

10,833

NVE

Corp.

(Semiconductors

&

Semiconductor

Equipment)

2,906

Oak

Valley

Bancorp.

(Banks)

1,834

Oceaneering

International,

Inc.

\*

(Energy

Equipment

&

Services)

1,034

18,354

OceanFirst

Financial

Corp.

(Banks)

588

9,737

Ocugen,

Inc.

\*

(Biotechnology)

2,957

2,209

Ocular

Therapeutix,

Inc.

\*

(Pharmaceuticals)

1,617

13,421

Offerpad

Solutions,

Inc.

\*

(Real

Estate

Management

&

Development)

OFG

Bancorp

(Banks)

18,101

O-I

Glass,

Inc.

\*

(Containers

&

Packaging)

1,584

20,052

Oil

States

International,

Inc.

\*

(Energy

Equipment

&

Services)

616

2,162

Oil-Dri

Corp.

of

America

(Household

Products)

4,209

Olaplex

Holdings,

Inc.

\*

(Personal

Care

Products)

1,416

1,855

Old

National

Bancorp

(Banks)

3,217

66,238

Old

Second

Bancorp,

Inc.

(Banks)

7,027

Olema

Pharmaceuticals,

Inc.

\*

(Biotechnology)

2,152

Olo,

Inc.

\*

(Software)

1,086

6,733

Olympic

Steel,

Inc.

(Metals

&

Mining)

3,257

Omega

Flex,

Inc.

(Machinery)

1,079

Omeros

Corp.

\*

(Pharmaceuticals)

571

4,197

OmniAb,

Inc.

\*

(Life

Sciences

Tools

&

Services)

974

1,656

Omnicell,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

14,567

ON24,

Inc.

\*

(Software)

1,324

ONE

Gas,

Inc.

(Gas

Utilities)

576

45,222

One

Liberty

Properties,

Inc.

(Equity

REIT

-

Diversified)

3,953

OneSpan,

Inc.

\*

(Software)

5,770

Common

Stocks

(71.9%),

continued

Shares

Value

OneSpaWorld

Holdings,

Ltd.

\*

(Diversified

Consumer

Services)

1,028

$

17,168

OneWater

Marine,

Inc.

\*

(Specialty

Retail)

1,831

Onity

Group,

Inc.

\*

(Financial

Services)

2,476

Ooma,

Inc.

\*

(Software)

3,119

Open

Lending

Corp.

\*

(Capital

Markets)

1,043

1,293

Opendoor

Technologies,

Inc.

\*

(Real

Estate

Management

&

Development)

6,550

4,967

OPKO

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

3,259

4,497

OppFi,

Inc.

(Consumer

Finance)

1,823

OptimizeRx

Corp.

\*

(Health

Care

Technology)

1,651

Option

Care

Health,

Inc.

\*

(Health

Care

Providers

&

Services)

1,754

56,672

Orange

County

Bancorp,

Inc.

(Banks)

2,492

OraSure

Technologies,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

736

2,201

Orchestra

BioMed

Holdings,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

743

Orchid

Island

Capital,

Inc.

(Mortgage

REITs)

804

5,749

Organogenesis

Holdings,

Inc.

\*

(Biotechnology)

699

3,432

ORIC

Pharmaceuticals,

Inc.

\*

(Biotechnology)

628

3,586

Origin

Bancorp,

Inc.

(Banks)

9,612

Orion

Group

Holdings,

Inc.

\*

(Construction

&

Engineering)

2,371

Orion

Office

REIT,

Inc.

(Office

REITs)

572

1,047

Orion

SA

(Chemicals)

583

7,019

Ormat

Technologies,

Inc.

(Independent

Power/

Renewable

Electricity

Producers)

590

42,834

Orrstown

Financial

Services,

Inc.

(Banks)

5,694

Orthofix

Medical,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

4,882

OrthoPediatrics

Corp.

\*

(Health

Care

Equipment

&

Supplies)

3,560

Oscar

Health,

Inc.

\*

-

Class

A

(Insurance)

2,089

27,178

OSI

Systems,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

32,963

Otter

Tail

Corp.

(Electric

Utilities)

33,498

Ouster,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,633

Outbrain,

Inc.

\*

(Interactive

Media

&

Services)

1,412

Outfront

Media,

Inc.

(Specialized

REITs)

1,478

22,362

Outlook

Therapeutics,

Inc.

\*

(Biotechnology)

Ovid

Therapeutics,

Inc.

\*

(Biotechnology)

600

Owens

&

Minor,

Inc.

\*

(Health

Care

Providers

&

Services)

772

5,450

Oxford

Industries,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

7,387

P10,

Inc.

-

Class

A

(Capital

Markets)

4,605

Pacific

Biosciences

of

California,

Inc.

\*

(Life

Sciences

Tools

&

Services)

2,794

3,101

Pacific

Premier

Bancorp,

Inc.

(Banks)

980

19,933

Pacira

BioSciences,

Inc.

\*

(Pharmaceuticals)

12,616

PACS

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

3,852

Pagaya

Technologies,

Ltd.

\*

-

Class

A

(Software)

4,044

PagerDuty,

Inc.

\*

(Software)

886

13,742

Pagseguro

Digital,

Ltd.

\*

-

Class

A

(Financial

Services)

1,885

18,907

Palomar

Holdings,

Inc.

\*

(Insurance)

38,575

PAM

Transportation

Services,

Inc.

\*

(Ground

Transportation)

838

Pangaea

Logistics

Solutions,

Ltd.

(Marine

Transportation)

1,495

Papa

John's

International,

Inc.

(Hotels,

Restaurants

&

Leisure)

11,775

Par

Pacific

Holdings,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

556

7,962

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

UltraSmall-Cap

ProFund

Common

Stocks

(71.9%),

continued

Shares

Value

PAR

Technology

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

$

20,148

Paramount

Group,

Inc.

(Office

REITs)

1,887

8,095

Park

Aerospace

Corp.

(Aerospace

&

Defense)

2,444

Park

National

Corp.

(Banks)

22,065

Parke

Bancorp,

Inc.

(Banks)

2,017

Park-Ohio

Holdings

Corp.

(Machinery)

1,872

Pathward

Financial,

Inc.

(Banks)

19,604

Patria

Investments,

Ltd.

-

Class

A

(Capital

Markets)

590

6,183

Patrick

Industries,

Inc.

(Automobile

Components)

25,480

Patterson-UTI

Energy,

Inc.

(Energy

Equipment

&

Services)

3,979

22,442

Payoneer

Global,

Inc.

\*

(Financial

Services)

2,772

19,487

Paysafe,

Ltd.

\*

(Financial

Services)

5,011

Paysign,

Inc.

\*

(Financial

Services)

814

PBF

Energy,

Inc.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

1,026

17,627

PC

Connection,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

7,321

PCB

Bancorp

(Banks)

2,177

PDF

Solutions,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

5,854

Peabody

Energy

Corp.

(Oil,

Gas

&

Consumable

Fuels)

1,249

15,413

Peakstone

Realty

Trust

(Office

REITs)

4,293

Peapack-Gladstone

Financial

Corp.

(Banks)

4,733

Pebblebrook

Hotel

Trust

(Hotel

&

Resort

REITs)

1,221

11,050

Peloton

Interactive,

Inc.

\*

-

Class

A

(Leisure

Products)

3,601

24,810

PennyMac

Financial

Services,

Inc.

(Financial

Services)

26,699

PennyMac

Mortgage

Investment

Trust

(Mortgage

REITs)

888

11,402

Peoples

Bancorp

of

North

Carolina,

Inc.

(Banks)

1,243

Peoples

Bancorp,

Inc.

(Banks)

10,241

Peoples

Financial

Services

Corp.

(Banks)

4,063

PepGen,

Inc.

\*

(Biotechnology)

Perdoceo

Education

Corp.

(Diversified

Consumer

Services)

671

16,856

Perella

Weinberg

Partners

(Capital

Markets)

529

9,083

Performant

Financial

Corp.

\*

(Commercial

Services

&

Supplies)

734

1,732

Perimeter

Solutions

SA

\*

(Chemicals)

1,367

13,848

Perma-Fix

Environmental

Services,

Inc.

\*

(Commercial

Services

&

Supplies)

1,427

Perpetua

Resources

Corp.

\*

(Metals

&

Mining)

6,349

Perspective

Therapeutics,

Inc.

\*

(Biotechnology)

551

1,350

Petco

Health

&

Wellness

Co.,

Inc.

\*

(Specialty

Retail)

870

2,567

Phathom

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

1,746

Phibro

Animal

Health

Corp.

-

Class

A

(Pharmaceuticals)

3,871

Phillips

Edison

&

Co.,

Inc.

(Retail

REITs)

1,255

43,549

Phinia,

Inc.

(Automobile

Components)

17,144

Photronics,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

631

11,528

Phreesia,

Inc.

\*

(Health

Care

Technology)

572

14,277

Piedmont

Lithium,

Inc.

\*

(Metals

&

Mining)

1,376

Piedmont

Office

Realty

Trust,

Inc.

-

Class

A

(Office

REITs)

1,262

7,458

Pioneer

Bancorp,

Inc.

\*

(Banks)

1,324

Piper

Sandler

Cos.

(Capital

Markets)

43,161

Pitney

Bowes,

Inc.

(Commercial

Services

&

Supplies)

1,678

14,565

PJT

Partners,

Inc.

-

Class

A

(Capital

Markets)

33,727

Planet

Labs

PBC

\*

(Professional

Services)

2,251

7,406

PlayAGS,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

4,957

Playstudios,

Inc.

\*

(Entertainment)

898

1,140

Plexus

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

33,546

Pliant

Therapeutics,

Inc.

\*

(Pharmaceuticals)

581

924

Common

Stocks

(71.9%),

continued

Shares

Value

Plug

Power,

Inc.

\*

(Electrical

Equipment)

8,445

$

7,369

Plumas

Bancorp

(Banks)

2,513

Plymouth

Industrial

REIT,

Inc.

(Industrial

REITs)

6,097

Ponce

Financial

Group,

Inc.

\*

(Banks)

2,561

Porch

Group,

Inc.

\*

(Software)

807

4,681

Portillo's,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

562

5,811

Portland

General

Electric

Co.

(Electric

Utilities)

1,063

44,774

Postal

Realty

Trust,

Inc.

-

Class

A

(Office

REITs)

3,032

Potbelly

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

2,268

PotlatchDeltic

Corp.

(Specialized

REITs)

804

30,865

Powell

Industries,

Inc.

(Electrical

Equipment)

17,579

Power

Integrations,

Inc.

(Semiconductors

&

Semiconductor

Equipment)

579

28,440

Powerfleet,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,023

5,156

PRA

Group,

Inc.

\*

(Consumer

Finance)

7,247

Prairie

Operating

Co.

\*

(Software)

Praxis

Precision

Medicines,

Inc.

\*

(Biotechnology)

6,662

Precigen,

Inc.

\*

(Biotechnology)

1,376

2,147

Preferred

Bank

(Banks)

9,983

Preformed

Line

Products

Co.

(Electrical

Equipment)

3,434

Prelude

Therapeutics,

Inc.

\*

(Biotechnology)

Prestige

Consumer

Healthcare,

Inc.

\*

(Pharmaceuticals)

507

41,183

PriceSmart,

Inc.

(Consumer

Staples

Distribution

&

Retail)

25,880

Prime

Medicine,

Inc.

\*

(Biotechnology)

578

1,000

PrimeEnergy

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,359

Primis

Financial

Corp.

(Banks)

1,862

Primo

Brands

Corp.

(Beverages)

2,038

66,582

Primoris

Services

Corp.

(Construction

&

Engineering)

546

32,744

Princeton

Bancorp,

Inc.

(Banks)

1,737

Priority

Technology

Holdings,

Inc.

\*

(Financial

Services)

1,641

Privia

Health

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

1,055

24,771

ProAssurance

Corp.

\*

(Insurance)

521

12,092

PROCEPT

BioRobotics

Corp.

\*

(Health

Care

Equipment

&

Supplies)

24,615

Proficient

Auto

Logistics,

Inc.

\*

(Ground

Transportation)

1,812

ProFrac

Holding

Corp.

\*

-

Class

A

(Energy

Equipment

&

Services)

938

PROG

Holdings,

Inc.

(Consumer

Finance)

10,966

Progress

Software

Corp.

(Software)

26,382

Progyny,

Inc.

\*

(Health

Care

Providers

&

Services)

765

17,473

ProKidney

Corp.

\*

(Biotechnology)

1,137

1,007

ProPetro

Holding

Corp.

\*

(Energy

Equipment

&

Services)

888

4,422

PROS

Holdings,

Inc.

\*

(Software)

7,993

Protagonist

Therapeutics,

Inc.

\*

(Biotechnology)

607

27,813

Prothena

Corp.

PLC

\*

(Biotechnology)

4,002

Proto

Labs,

Inc.

\*

(Machinery)

8,825

Provident

Bancorp,

Inc.

\*

(Banks)

1,776

Provident

Financial

Services,

Inc.

(Banks)

1,289

21,101

PTC

Therapeutics,

Inc.

\*

(Biotechnology)

779

38,825

PubMatic,

Inc.

\*

-

Class

A

(Media)

3,967

Pulmonx

Corp.

\*

(Health

Care

Equipment

&

Supplies)

1,903

Pulse

Biosciences,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

3,183

Puma

Biotechnology,

Inc.

\*

(Biotechnology)

1,364

Pure

Cycle

Corp.

\*

(Water

Utilities)

2,099

PureCycle

Technologies,

Inc.

\*

(Chemicals)

1,260

8,455

Purple

Innovation,

Inc.

\*

(Household

Durables)

580

Pyxis

Oncology,

Inc.

\*

(Biotechnology)

502

552

Q2

Holdings,

Inc.

\*

(Software)

602

47,709

Q32

Bio,

Inc.

\*

(Biotechnology)

QCR

Holdings,

Inc.

(Banks)

10,847

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraSmall-Cap

ProFund

Common

Stocks

(71.9%),

continued

Shares

Value

Quad/Graphics,

Inc.

(Commercial

Services

&

Supplies)

$

1,503

Quaker

Chemical

Corp.

(Chemicals)

14,938

Qualys,

Inc.

\*

(Software)

47,770

Quanex

Building

Products

Corp.

(Building

Products)

7,941

Quanterix

Corp.

\*

(Life

Sciences

Tools

&

Services)

2,114

Quantum-Si,

Inc.

\*

(Life

Sciences

Tools

&

Services)

1,226

1,398

Quest

Resource

Holding

Corp.

\*

(Commercial

Services

&

Supplies)

QuickLogic

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

799

QuinStreet,

Inc.

\*

(Interactive

Media

&

Services)

551

9,654

Quipt

Home

Medical

Corp.

\*

(Health

Care

Providers

&

Services)

819

Qurate

Retail,

Inc.

\*

-

Class

B

(Broadline

Retail)

Rackspace

Technology,

Inc.

\*

(IT

Services)

689

937

Radian

Group,

Inc.

(Financial

Services)

1,524

48,676

Radiant

Logistics,

Inc.

\*

(Air

Freight

&

Logistics)

2,124

RadNet,

Inc.

\*

(Health

Care

Providers

&

Services)

676

35,409

Ramaco

Resources,

Inc.

-

Class

A

(Metals

&

Mining)

2,701

Ramaco

Resources,

Inc.

-

Class

B

(Metals

&

Mining)

523

Rambus,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,093

53,327

Ranger

Energy

Services,

Inc.

(Energy

Equipment

&

Services)

1,774

Ranpak

Holdings

Corp.

\*

(Containers

&

Packaging)

1,870

Rapid7,

Inc.

\*

(Software)

642

15,164

Rapport

Therapeutics,

Inc.

\*

(Pharmaceuticals)

1,981

RAPT

Therapeutics,

Inc.

\*

(Biotechnology)

Rayonier

Advanced

Materials,

Inc.

\*

(Chemicals)

653

2,782

RBB

Bancorp

(Banks)

2,586

RCI

Hospitality

Holdings,

Inc.

(Hotels,

Restaurants

&

Leisure)

3,333

RE/MAX

Holdings,

Inc.

-

Class

A

(Real

Estate

Management

&

Development)

1,392

Ready

Capital

Corp.

(Mortgage

REITs)

1,652

7,351

Recursion

Pharmaceuticals,

Inc.

\*

-

Class

A

(Biotechnology)

2,572

14,377

Red

River

Bancshares,

Inc.

(Banks)

2,477

Red

Rock

Resorts,

Inc.

-

Class

A

(Hotels,

Restaurants

&

Leisure)

503

21,478

Red

Violet,

Inc.

\*

(Software)

4,375

Redfin

Corp.

\*

(Real

Estate

Management

&

Development)

1,244

11,830

Redwire

Corp.

\*

(Aerospace

&

Defense)

2,512

Redwood

Trust,

Inc.

(Mortgage

REITs)

1,346

8,359

REGENXBIO,

Inc.

\*

(Biotechnology)

4,574

Regional

Management

Corp.

(Consumer

Finance)

2,766

Regulus

Therapeutics,

Inc.

\*

(Biotechnology)

644

5,139

Rekor

Systems,

Inc.

\*

(Software)

751

789

Relay

Therapeutics,

Inc.

\*

(Biotechnology)

1,285

4,279

Remitly

Global,

Inc.

\*

(Financial

Services)

1,527

30,876

Renasant

Corp.

(Banks)

951

30,499

Renovaro,

Inc.

\*

(Biotechnology)

1,159

Repay

Holdings

Corp.

\*

(Financial

Services)

885

3,540

Replimune

Group,

Inc.

\*

(Biotechnology)

702

6,866

ReposiTrak,

Inc.

(Software)

2,570

Republic

Bancorp,

Inc.

-

Class

A

(Banks)

5,699

Reservoir

Media,

Inc.

\*

(Entertainment)

1,493

Resideo

Technologies,

Inc.

\*

(Building

Products)

1,494

25,069

Resolute

Holdings

Management,

Inc.

\*

(Asset

Management)

566

Resources

Connection,

Inc.

(Professional

Services)

1,921

REV

Group,

Inc.

(Machinery)

525

17,168

REVOLUTION

Medicines,

Inc.

\*

(Biotechnology)

1,742

70,342

Revolve

Group,

Inc.

\*

(Specialty

Retail)

7,813

Common

Stocks

(71.9%),

continued

Shares

Value

REX

American

Resources

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

$

6,236

RGC

Resources,

Inc.

(Gas

Utilities)

1,761

Rhythm

Pharmaceuticals,

Inc.

\*

(Biotechnology)

559

36,441

Ribbon

Communications,

Inc.

\*

(Communications

Equipment)

935

3,001

Richardson

Electronics,

Ltd.

(Electronic

Equipment,

Instruments

&

Components)

1,100

Rigel

Pharmaceuticals,

Inc.

\*

(Biotechnology)

3,501

Rigetti

Computing,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,934

17,155

Riley

Exploration

Permian,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

2,863

Rimini

Street,

Inc.

\*

(Software)

541

1,910

Ring

Energy,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,512

1,340

Riot

Platforms,

Inc.

\*

(Software)

3,180

23,023

RLJ

Lodging

Trust

(Hotel

&

Resort

REITs)

1,534

10,753

Roadzen,

Inc.

\*

(Software)

Rocket

Lab

USA,

Inc.

\*

(Aerospace

&

Defense)

3,609

78,639

Rocket

Pharmaceuticals,

Inc.

\*

(Biotechnology)

788

6,012

Rocky

Brands,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

1,604

Rogers

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

11,868

Root,

Inc.

\*

-

Class

A

(Insurance)

12,151

RPC,

Inc.

(Energy

Equipment

&

Services)

868

4,106

RumbleON,

Inc.

\*

-

Class

B

(Specialty

Retail)

Rush

Enterprises,

Inc.

-

Class

A

(Trading

Companies

&

Distributors)

622

31,716

Rush

Enterprises,

Inc.

-

Class

B

(Trading

Companies

&

Distributors)

5,206

Rush

Street

Interactive,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

778

9,437

RXO,

Inc.

\*

(Ground

Transportation)

1,631

22,981

RxSight,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

5,549

Ryerson

Holding

Corp.

(Metals

&

Mining)

6,430

Ryman

Hospitality

Properties,

Inc.

(Hotel

&

Resort

REITs)

600

52,770

S&T

Bancorp,

Inc.

(Banks)

14,248

Sable

Offshore

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

517

9,647

Sabra

Health

Care

REIT,

Inc.

(Health

Care

REITs)

2,419

43,179

Sabre

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

3,908

9,262

Safe

Builders,

Inc.

(Marine

Transportation)

616

2,088

Safehold,

Inc.

(Specialized

REITs)

530

8,348

Safety

Insurance

Group,

Inc.

(Insurance)

11,552

Sage

Therapeutics,

Inc.

\*

(Biotechnology)

560

4,082

Sally

Beauty

Holdings,

Inc.

\*

(Specialty

Retail)

1,043

8,490

Sana

Biotechnology,

Inc.

\*

(Biotechnology)

1,350

2,565

Sanara

Medtech,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,310

SandRidge

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

2,997

Sanmina

Corp.

\*

(Electronic

Equipment,

Instruments

&

Components)

549

42,158

Sapiens

International

Corp.

N.V.

(Software)

8,628

Saul

Centers,

Inc.

(Retail

REITs)

3,499

Savara,

Inc.

\*

(Biotechnology)

1,231

3,939

Savers

Value

Village,

Inc.

\*

(Broadline

Retail)

2,273

ScanSource,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

7,852

Schnitzer

Steel

Industries,

Inc.

-

Class

A

(Metals

&

Mining)

7,890

Scholar

Rock

Holding

Corp.

\*

(Biotechnology)

823

27,085

Scholastic

Corp.

(Media)

4,291

Schrodinger,

Inc.

\*

(Health

Care

Technology)

567

14,532

Scilex

Holding

Co.

\*

(Biotech

&

Pharma)

Scorpio

Tankers,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

17,187

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

UltraSmall-Cap

ProFund

Common

Stocks

(71.9%),

continued

Shares

Value

scPharmaceuticals,

Inc.

\*

(Pharmaceuticals)

$

1,023

Seacoast

Banking

Corp.

of

Florida

(Banks)

865

20,509

SEACOR

Marine

Holdings,

Inc.

\*

(Energy

Equipment

&

Services)

1,210

Seadrill,

Ltd.

\*

(Energy

Equipment

&

Services)

668

13,721

SeaWorld

Entertainment,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

13,837

Select

Energy

Services,

Inc.

-

Class

A

(Energy

Equipment

&

Services)

933

7,949

Select

Medical

Holdings

Corp.

(Health

Care

Providers

&

Services)

1,106

20,173

Selective

Insurance

Group,

Inc.

(Insurance)

622

54,256

Selectquote,

Inc.

\*

(Insurance)

1,388

4,400

Semler

Scientific,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

2,231

SEMrush

Holdings,

Inc.

\*

(Software)

3,865

Semtech

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

757

23,656

Seneca

Foods

Corp.

\*

-

Class

A

(Food

Products)

4,305

Sensient

Technologies

Corp.

(Chemicals)

40,492

Septerna,

Inc.

\*

(Pharmaceuticals)

1,322

Sera

Prognostics,

Inc.

\*

-

Class

A

(Biotechnology)

856

Service

Properties

Trust

(Hotel

&

Resort

REITs)

1,685

3,033

ServisFirst

Bancshares,

Inc.

(Banks)

519

36,963

SES

AI

Corp.

\*

(Electrical

Equipment)

1,354

1,217

Seven

Hills

Realty

Trust

(Mortgage

REITs)

1,563

Sezzle,

Inc.

\*

(Financial

Services)

7,377

SFL

Corp.,

Ltd.

(Oil,

Gas

&

Consumable

Fuels)

1,335

10,974

Shake

Shack,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

34,219

Shattuck

Labs,

Inc.

\*

(Biotechnology)

Shenandoah

Telecommunications

Co.

(Diversified

Telecommunication

Services)

5,548

Shoals

Technologies

Group,

Inc.

\*

-

Class

A

(Electrical

Equipment)

1,714

6,188

Shoe

Carnival,

Inc.

(Specialty

Retail)

3,163

Shore

Bancshares,

Inc.

(Banks)

4,329

ShotSpotter,

Inc.

\*

(Software)

1,552

Shutterstock,

Inc.

(Interactive

Media

&

Services)

3,974

SI-BONE,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

5,747

Sierra

Bancorp

(Banks)

3,493

SIGA

Technologies,

Inc.

(Pharmaceuticals)

2,611

Sight

Sciences,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

1,104

Signet

Jewelers,

Ltd.

(Specialty

Retail)

25,262

Silicon

Laboratories,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

33,377

Silvaco

Group,

Inc.

\*

(Software)

Silvercrest

Asset

Management

Group,

Inc.

-

Class

A

(Capital

Markets)

1,484

Simmons

First

National

Corp.

-

Class

A

(Banks)

1,270

23,698

Simulations

Plus,

Inc.

(Health

Care

Technology)

5,565

Sinclair,

Inc.

(Media)

4,709

SiriusPoint,

Ltd.

\*

(Insurance)

962

16,162

SITE

Centers

Corp.

(Retail

REITs)

5,754

SiTime

Corp.

\*

(Semiconductors

&

Semiconductor

Equipment)

27,903

Sitio

Royalties

Corp.

-

Class

A

(Oil,

Gas

&

Consumable

Fuels)

812

13,772

Six

Flags

Entertainment

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

950

32,690

SJW

Group

(Water

Utilities)

19,462

Sky

Harbour

Group

Corp.

\*

(Transportation

Infrastructure)

1,238

Skye

Bioscience,

Inc.

\*

(Biotechnology)

Common

Stocks

(71.9%),

continued

Shares

Value

Skyward

Specialty

Insurance

Group,

Inc.

\*

(Insurance)

$

20,174

SkyWater

Technology,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

1,971

SkyWest,

Inc.

\*

(Passenger

Airlines)

36,115

SL

Green

Realty

Corp.

(Office

REITs)

734

38,616

Sleep

Number

Corp.

\*

(Specialty

Retail)

1,729

SM

Energy

Co.

(Oil,

Gas

&

Consumable

Fuels)

1,170

26,664

SMART

Global

Holdings,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

533

9,098

SmartFinancial,

Inc.

(Banks)

4,928

SmartRent,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,863

1,776

Smith

&

Wesson

Brands,

Inc.

(Leisure

Products)

4,289

Smith-Midland

Corp.

\*

(Construction

Materials)

1,410

Solaris

Energy

Infrastructure,

Inc.

(Energy

Equipment

&

Services)

6,617

SolarMax

Technology,

Inc.

\*

(Electrical

Equipment)

Soleno

Therapeutics,

Inc.

\*

(Biotechnology)

19,538

Solid

Biosciences,

Inc.

\*

(Biotechnology)

798

Solid

Power,

Inc.

\*

(Automobile

Components)

1,581

1,723

Solidion

Technology,

Inc.

\*

(Electrical

Equipment)

505

Sonic

Automotive,

Inc.

-

Class

A

(Specialty

Retail)

9,229

Sonida

Senior

Living,

Inc.

\*

(Health

Care

Providers

&

Services)

1,138

Sonos,

Inc.

\*

(Household

Durables)

1,231

11,338

SoundHound

AI,

Inc.

\*

-

Class

A

(Software)

3,311

30,759

South

Plains

Financial,

Inc.

(Banks)

4,045

Southern

California

BanCorp

\*

(Banks)

3,506

Southern

First

Bancshares,

Inc.

\*

(Banks)

2,841

Southern

Missouri

Bancorp,

Inc.

(Banks)

5,054

Southern

States

Bancshares,

Inc.

(Banks)

2,806

Southland

Holdings,

Inc.

\*

(Construction

&

Engineering)

Southside

Bancshares,

Inc.

(Banks)

8,288

SouthState

Corp.

(Banks)

1,000

86,779

Southwest

Gas

Holdings,

Inc.

(Gas

Utilities)

623

44,987

SpartanNash

Co.

(Consumer

Staples

Distribution

&

Retail)

6,845

Sphere

Entertainment

Co.

\*

(Entertainment)

7,548

Spire

Global,

Inc.

\*

(Professional

Services)

2,141

Spire,

Inc.

(Gas

Utilities)

581

44,470

Spok

Holdings,

Inc.

(Wireless

Telecommunication

Services)

2,682

SpringWorks

Therapeutics,

Inc.

\*

(Biotechnology)

703

32,549

Sprinklr,

Inc.

\*

-

Class

A

(Software)

1,193

9,174

Sprout

Social,

Inc.

\*

-

Class

A

(Software)

512

10,706

Sprouts

Farmers

Market,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

1,031

176,302

SPS

Commerce,

Inc.

\*

(Software)

55,395

SPX

Technologies,

Inc.

\*

(Machinery)

61,709

Spyre

Therapeutics,

Inc.

\*

(Biotechnology)

6,229

SSR

Mining,

Inc.

(Metals

&

Mining)

2,076

22,089

STAAR

Surgical

Co.

\*

(Health

Care

Equipment

&

Supplies)

506

9,240

Stagwell,

Inc.

\*

(Media)

900

5,022

Standard

BioTools,

Inc.

\*

(Life

Sciences

Tools

&

Services)

3,015

3,347

Standard

Motor

Products,

Inc.

(Automobile

Components)

5,799

Standex

International

Corp.

(Machinery)

16,688

Star

Holdings

\*

(Real

Estate

Management

&

Development)

890

Steelcase,

Inc.

-

Class

A

(Commercial

Services

&

Supplies)

947

9,394

Stellar

Bancorp,

Inc.

(Banks)

502

12,530

Stem,

Inc.

\*

(Electrical

Equipment)

1,551

839

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraSmall-Cap

ProFund

Common

Stocks

(71.9%),

continued

Shares

Value

Stepan

Co.

(Chemicals)

$

11,073

StepStone

Group,

Inc.

-

Class

A

(Capital

Markets)

680

34,007

Stereotaxis,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

576

1,152

Sterling

Infrastructure,

Inc.

\*

(Construction

&

Engineering)

45,576

Steven

Madden,

Ltd.

(Textiles,

Apparel

&

Luxury

Goods)

730

15,330

Stewart

Information

Services

Corp.

(Insurance)

18,138

Stitch

Fix,

Inc.

\*

-

Class

A

(Specialty

Retail)

1,034

3,381

Stock

Yards

Bancorp,

Inc.

(Banks)

19,071

Stoke

Therapeutics,

Inc.

\*

(Biotechnology)

3,601

StoneCo,

Ltd.

\*

(Financial

Services)

2,927

41,154

Stoneridge,

Inc.

\*

(Automobile

Components)

1,077

StoneX

Group,

Inc.

\*

(Capital

Markets)

39,677

Strategic

Education,

Inc.

(Diversified

Consumer

Services)

18,519

Stratus

Properties,

Inc.

\*

(Real

Estate

Management

&

Development)

920

Strawberry

Fields

REIT,

Inc.

(Health

Care

REITs)

999

Stride,

Inc.

\*

(Diversified

Consumer

Services)

62,020

Sturm

Ruger

&

Co.,

Inc.

(Leisure

Products)

6,831

Summit

Hotel

Properties,

Inc.

(Hotel

&

Resort

REITs)

1,073

4,367

Summit

Therapeutics,

Inc.

\*

(Biotechnology)

940

22,673

Sun

Country

Airlines

Holdings,

Inc.

\*

(Passenger

Airlines)

3,949

SunCoke

Energy,

Inc.

(Metals

&

Mining)

857

7,764

Sunnova

Energy

International,

Inc.

\*

(Independent

Power/

Renewable

Electricity

Producers)

1,108

SunOpta,

Inc.

\*

(Food

Products)

964

4,164

Sunrise

Realty

Trust,

Inc.

\*

(Mortgage

REITs)

1,151

Sunrun,

Inc.

\*

(Electrical

Equipment)

2,262

15,585

Sunstone

Hotel

Investors,

Inc.

(Hotel

&

Resort

REITs)

2,052

17,114

Super

Group

SGHC,

Ltd.

(Hotels,

Restaurants

&

Leisure)

1,532

12,440

Superior

Group

of

Cos.,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

1,360

Supernus

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

514

16,695

Surgery

Partners,

Inc.

\*

(Health

Care

Providers

&

Services)

785

17,231

Surmodics,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

3,921

Sutro

Biopharma,

Inc.

\*

(Biotechnology)

835

877

Sweetgreen,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

1,040

20,259

SWK

Holdings

Corp.

\*

(Financial

Services)

Sylvamo

Corp.

(Paper

&

Forest

Products)

21,165

Synaptics,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

22,487

Syndax

Pharmaceuticals,

Inc.

\*

(Biotechnology)

841

11,900

System1,

Inc.

\*

(Interactive

Media

&

Services)

Tactile

Systems

Technology,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

3,459

Talkspace,

Inc.

\*

(Health

Care

Providers

&

Services)

1,257

3,859

Talos

Energy,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

1,483

10,203

Tandem

Diabetes

Care,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

672

11,323

Tanger,

Inc.

(Retail

REITs)

1,104

34,787

Tango

Therapeutics,

Inc.

\*

(Biotechnology)

687

Target

Hospitality

Corp.

\*

(Hotels,

Restaurants

&

Leisure)

2,292

Tarsus

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

19,778

Taylor

Devices,

Inc.

\*

(Machinery)

989

Taylor

Morrison

Home

Corp.

\*

(Household

Durables)

1,046

59,987

Taysha

Gene

Therapies,

Inc.

\*

(Biotechnology)

1,791

3,475

TechTarget,

Inc.

\*

(Media)

2,160

Tecnoglass,

Inc.

(Building

Products)

16,321

Teekay

Corp.

\*

(Transportation

&

Logistics)

562

4,052

Common

Stocks

(71.9%),

continued

Shares

Value

Teekay

Tankers,

Ltd.

-

Class

A

(Transportation

&

Logistics)

$

10,472

TEGNA,

Inc.

(Media)

1,650

26,780

Tejon

Ranch

Co.

\*

(Real

Estate

Management

&

Development)

3,623

Teladoc

Health,

Inc.

\*

(Health

Care

Technology)

1,761

12,662

Telephone

and

Data

Systems,

Inc.

(Wireless

Telecommunication

Services)

1,010

37,864

Telomir

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

502

Telos

Corp.

\*

(Software)

562

1,534

Tenable

Holdings,

Inc.

\*

(Software)

1,220

37,295

Tenaya

Therapeutics,

Inc.

\*

(Biotechnology)

562

Tennant

Co.

(Machinery)

13,999

Terawulf,

Inc.

\*

(Software)

2,734

7,601

Terex

Corp.

(Machinery)

682

24,006

Terns

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

717

2,366

Terreno

Realty

Corp.

(Industrial

REITs)

1,010

56,893

TETRA

Technologies,

Inc.

\*

(Energy

Equipment

&

Services)

1,282

3,654

Tevogen

Bio

Holdings,

Inc.

\*

(Biotechnology)

Texas

Capital

Bancshares,

Inc.

\*

(Banks)

32,303

TG

Therapeutics,

Inc.

\*

(Biotechnology)

1,428

64,988

The

Andersons,

Inc.

(Consumer

Staples

Distribution

&

Retail)

12,557

The

Baldwin

Insurance

Group,

Inc.

\*

(Insurance)

690

28,718

The

Bancorp,

Inc.

\*

(Banks)

22,561

The

Bank

of

NT

Butterfield

&

Son,

Ltd.

(Banks)

18,242

The

Beauty

Health

Co.

\*

(Personal

Care

Products)

758

752

The

Brink's

Co.

(Commercial

Services

&

Supplies)

39,980

The

Buckle,

Inc.

(Specialty

Retail)

10,984

The

Cheesecake

Factory,

Inc.

(Hotels,

Restaurants

&

Leisure)

24,883

The

Chefs'

Warehouse,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

20,737

The

E.W.

Scripps

Co.

\*

-

Class

A

(Media)

626

1,258

The

Eastern

Co.

(Machinery)

1,133

The

Ensign

Group,

Inc.

(Health

Care

Providers

&

Services)

566

73,009

The

First

Bancorp,

Inc.

(Banks)

2,663

The

First

of

Long

Island

Corp.

(Banks)

2,534

The

GEO

Group,

Inc.

\*

(Commercial

Services

&

Supplies)

1,301

40,695

The

Goodyear

Tire

&

Rubber

Co.

\*

(Automobile

Components)

2,915

31,715

The

Gorman-Rupp

Co.

(Machinery)

7,710

The

Greenbrier

Cos.,

Inc.

(Machinery)

13,320

The

Hackett

Group,

Inc.

(IT

Services)

6,589

The

Hain

Celestial

Group,

Inc.

\*

(Food

Products)

917

2,788

The

Honest

Co.,

Inc.

\*

(Personal

Care

Products)

843

4,038

The

Joint

Corp.

\*

(Health

Care

Providers

&

Services)

1,111

The

Lovesac

Co.

\*

(Household

Durables)

2,820

The

Macerich

Co.

(Retail

REITs)

2,553

37,427

The

Manitowoc

Co.,

Inc.

\*

(Machinery)

2,774

The

Marcus

Corp.

(Entertainment)

3,882

The

ODP

Corp.

\*

(Specialty

Retail)

4,104

The

ONE

Group

Hospitality,

Inc.

\*

(Hotels,

Restaurants

&

Leisure)

629

The

Pennant

Group,

Inc.

\*

(Health

Care

Providers

&

Services)

8,531

The

Real

Brokerage,

Inc.

\*

(Real

Estate

Management

&

Development)

1,028

4,533

The

RealReal,

Inc.

\*

(Specialty

Retail)

1,036

6,009

The

RMR

Group,

Inc.

-

Class

A

(Real

Estate

Management

&

Development)

2,319

The

Shyft

Group,

Inc.

(Machinery)

2,927

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

UltraSmall-Cap

ProFund

Common

Stocks

(71.9%),

continued

Shares

Value

The

Simply

Good

Foods

Co.

\*

(Food

Products)

943

$

34,053

The

St.

Joe

Co.

(Real

Estate

Management

&

Development)

15,616

The

Vita

Coco

Co.,

Inc.

\*

(Beverages)

13,220

The

York

Water

Co.

(Water

Utilities)

5,139

Theravance

Biopharma,

Inc.

\*

(Pharmaceuticals)

3,713

Thermon

Group

Holdings,

Inc.

\*

(Electrical

Equipment)

8,971

Third

Coast

Bancshares,

Inc.

\*

(Banks)

3,457

Third

Harmonic

Bio,

Inc.

\*

(Pharmaceuticals)

1,153

ThredUp,

Inc.

\*

-

Class

A

(Specialty

Retail)

803

3,605

Thryv

Holdings,

Inc.

\*

(Media)

5,357

Tidewater,

Inc.

\*

(Energy

Equipment

&

Services)

18,059

Tile

Shop

Holdings,

Inc.

\*

(Specialty

Retail)

1,656

Tilly's,

Inc.

\*

-

Class

A

(Specialty

Retail)

Timberland

Bancorp,

Inc./WA

(Banks)

2,398

TimkenSteel

Corp.

\*

(Metals

&

Mining)

5,351

Tiptree,

Inc.

(Insurance)

5,734

Titan

International,

Inc.

\*

(Machinery)

513

3,771

Titan

Machinery,

Inc.

\*

(Trading

Companies

&

Distributors)

3,567

Tompkins

Financial

Corp.

(Banks)

7,808

Topgolf

Callaway

Brands

Corp.

\*

(Leisure

Products)

1,450

9,584

Torrid

Holdings,

Inc.

\*

(Specialty

Retail)

1,308

Tourmaline

Bio,

Inc.

\*

(Biotechnology)

4,062

TowneBank

(Banks)

718

23,658

Townsquare

Media,

Inc.

-

Class

A

(Media)

887

TPG

RE

Finance

Trust,

Inc.

(Mortgage

REITs)

609

4,653

TPI

Composites,

Inc.

\*

(Electrical

Equipment)

Traeger,

Inc.

\*

(Household

Durables)

512

Transcat,

Inc.

\*

(Trading

Companies

&

Distributors)

7,457

Transcontinental

Realty

Investors,

Inc.

\*

(Real

Estate

Management

&

Development)

TransMedics

Group,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

30,823

Transocean,

Ltd.

\*

(Energy

Equipment

&

Services)

7,456

15,881

Travere

Therapeutics,

Inc.

\*

(Biotechnology)

861

17,917

Treace

Medical

Concepts,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

3,533

Tredegar

Corp.

\*

(Metals

&

Mining)

2,113

TreeHouse

Foods,

Inc.

\*

(Food

Products)

11,086

Trevi

Therapeutics,

Inc.

\*

(Pharmaceuticals)

761

5,259

Tri

Pointe

Homes,

Inc.

\*

(Household

Durables)

943

28,997

TriCo

Bancshares

(Banks)

12,616

TriMas

Corp.

(Containers

&

Packaging)

10,005

TriNet

Group,

Inc.

(Professional

Services)

25,536

Trinity

Industries,

Inc.

(Machinery)

836

20,984

Triumph

Financial,

Inc.

\*

(Banks)

12,126

Triumph

Group,

Inc.

\*

(Aerospace

&

Defense)

750

19,050

Tronox

Holdings

PLC

-

Class

A

(Chemicals)

1,215

6,573

TrueBlue,

Inc.

\*

(Professional

Services)

1,293

TrueCar,

Inc.

\*

(Interactive

Media

&

Services)

830

1,237

Trupanion,

Inc.

\*

(Insurance)

12,334

TrustCo

Bank

Corp.

(Banks)

5,786

Trustmark

Corp.

(Banks)

622

20,868

TScan

Therapeutics,

Inc.

\*

(Biotechnology)

636

TTEC

Holdings,

Inc.

(Professional

Services)

800

TTM

Technologies,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

1,033

20,681

Tucows,

Inc.

\*

-

Class

A

(IT

Services)

1,333

Turning

Point

Brands,

Inc.

(Tobacco)

10,803

Turtle

Beach

Corp.

\*

(Technology

Hardware,

Storage

&

Peripherals)

1,883

Tutor

Perini

Corp.

\*

(Construction

&

Engineering)

9,485

Twin

Disc,

Inc.

(Machinery)

837

Twist

Bioscience

Corp.

\*

(Biotechnology)

607

23,260

Common

Stocks

(71.9%),

continued

Shares

Value

Two

Harbors

Investment

Corp.

(Mortgage

REITs)

1,061

$

12,594

TXNM

Energy,

Inc.

(Electric

Utilities)

921

48,996

Tyra

Biosciences,

Inc.

\*

(Biotechnology)

2,081

U.S.

Physical

Therapy,

Inc.

(Health

Care

Providers

&

Services)

10,951

Udemy,

Inc.

\*

(Diversified

Consumer

Services)

930

6,389

UFP

Industries,

Inc.

(Building

Products)

610

60,298

UFP

Technologies,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

15,641

Ultra

Clean

Holdings,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

8,455

Ultralife

Corp.

\*

(Electrical

Equipment)

UMB

Financial

Corp.

(Banks)

697

65,915

UMH

Properties,

Inc.

(Residential

REITs)

738

13,040

UniFirst

Corp.

(Commercial

Services

&

Supplies)

27,663

Unisys

Corp.

\*

(IT

Services)

671

2,664

United

Bankshares,

Inc.

(Banks)

1,352

46,360

United

Community

Banks,

Inc.

(Banks)

1,223

33,767

United

Fire

Group,

Inc.

(Insurance)

5,949

United

Homes

Group,

Inc.

\*

(Household

Durables)

United

Insurance

Holdings

Corp.

\*

(Insurance)

2,823

United

Natural

Foods,

Inc.

\*

(Consumer

Staples

Distribution

&

Retail)

601

16,053

United

States

Lime

&

Minerals,

Inc.

(Construction

Materials)

10,006

Uniti

Group,

Inc.

(Specialized

REITs)

2,485

12,226

Unitil

Corp.

(Multi-Utilities)

9,562

Unity

Bancorp,

Inc.

(Banks)

3,022

Universal

Corp.

(Tobacco)

14,334

Universal

Health

Realty

Income

Trust

(Health

Care

REITs)

5,006

Universal

Insurance

Holdings,

Inc.

(Insurance)

5,842

Universal

Logistics

Holdings,

Inc.

(Ground

Transportation)

1,522

Universal

Technical

Institute,

Inc.

\*

(Diversified

Consumer

Services)

13,357

Univest

Financial

Corp.

(Banks)

8,744

Upbound

Group,

Inc.

(Specialty

Retail)

549

10,925

Upstart

Holdings,

Inc.

\*

(Consumer

Finance)

819

39,148

Upstream

Bio,

Inc.

\*

(Biotechnology)

1,658

Upwork,

Inc.

\*

(Professional

Services)

1,273

16,740

Uranium

Energy

Corp.

\*

(Oil,

Gas

&

Consumable

Fuels)

4,211

22,108

Urban

Edge

Properties

(Retail

REITs)

1,289

23,292

Urban

Outfitters,

Inc.

\*

(Specialty

Retail)

648

34,201

Ur-Energy,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

3,616

2,721

UroGen

Pharma,

Ltd.

\*

(Biotechnology)

4,609

USANA

Health

Sciences,

Inc.

\*

(Personal

Care

Products)

3,287

USCB

Financial

Holdings,

Inc.

(Banks)

1,832

Utah

Medical

Products,

Inc.

(Health

Care

Equipment

&

Supplies)

1,708

Utz

Brands,

Inc.

(Food

Products)

674

8,957

V2X,

Inc.

\*

(Aerospace

&

Defense)

8,459

VAALCO

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,065

3,483

Valaris,

Ltd.

\*

(Energy

Equipment

&

Services)

631

20,388

Valhi,

Inc.

(Chemicals)

Valley

National

Bancorp

(Banks)

4,845

41,667

Value

Line,

Inc.

(Capital

Markets)

Vanda

Pharmaceuticals,

Inc.

\*

(Biotechnology)

583

2,629

Varex

Imaging

Corp.

\*

(Health

Care

Equipment

&

Supplies)

3,345

Varonis

Systems,

Inc.

\*

(Software)

1,127

48,281

Vaxcyte,

Inc.

\*

(Biotechnology)

1,270

45,517

Veeco

Instruments,

Inc.

\*

(Semiconductors

&

Semiconductor

Equipment)

567

10,603

Velocity

Financial,

Inc.

\*

(Financial

Services)

1,644

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraSmall-Cap

ProFund

Common

Stocks

(71.9%),

continued

Shares

Value

Ventyx

Biosciences,

Inc.

\*

(Pharmaceuticals)

619

$

823

Vera

Bradley,

Inc.

\*

(Textiles,

Apparel

&

Luxury

Goods)

Vera

Therapeutics,

Inc.

\*

(Biotechnology)

10,844

Veracyte,

Inc.

\*

(Biotechnology)

797

24,309

Verastem,

Inc.

\*

(Biotechnology)

2,966

Verde

Clean

Fuels,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

Vericel

Corp.

\*

(Biotechnology)

502

19,086

Verint

Systems,

Inc.

\*

(Software)

625

11,025

Veritex

Holdings,

Inc.

(Banks)

537

12,501

Verra

Mobility

Corp.

\*

-

Class

A

(Professional

Services)

1,685

36,733

Verrica

Pharmaceuticals,

Inc.

\*

(Pharmaceuticals)

Vertex,

Inc.

\*

-

Class

A

(Software)

564

22,577

Veru,

Inc.

\*

(Personal

Care

Products)

1,349

731

Verve

Therapeutics,

Inc.

\*

(Biotechnology)

726

4,116

Viad

Corp.

\*

(Commercial

Services

&

Supplies)

6,122

Viant

Technology,

Inc.

\*

-

Class

A

(Software)

2,218

Viasat,

Inc.

\*

(Communications

Equipment)

1,265

11,727

Viavi

Solutions,

Inc.

\*

(Communications

Equipment)

2,252

23,826

Vicor

Corp.

\*

(Electrical

Equipment)

9,298

Victoria's

Secret

&

Co.

\*

(Specialty

Retail)

802

15,078

Victory

Capital

Holdings,

Inc.

-

Class

A

(Capital

Markets)

24,062

Viemed

Healthcare,

Inc.

\*

(Health

Care

Providers

&

Services)

2,482

Village

Super

Market,

Inc.

\*

-

Class

A

(Consumer

Staples

Distribution

&

Retail)

3,243

Vimeo,

Inc.

\*

(Interactive

Media

&

Services)

1,485

7,484

Vir

Biotechnology,

Inc.

\*

(Biotechnology)

928

5,679

Virco

Mfg.

Corp.

(Commercial

Services

&

Supplies)

1,029

Virgin

Galactic

Holdings,

Inc.

\*

(Aerospace

&

Defense)

792

Virginia

National

Bankshares

Corp.

(Banks)

1,765

Viridian

Therapeutics,

Inc.

\*

(Biotechnology)

762

10,325

VirTra,

Inc.

\*

(Aerospace

&

Defense)

529

Virtus

Investment

Partners,

Inc.

(Capital

Markets)

10,444

Vishay

Intertechnology,

Inc.

(Electronic

Equipment,

Instruments

&

Components)

1,273

16,536

Vishay

Precision

Group,

Inc.

\*

(Electronic

Equipment,

Instruments

&

Components)

3,043

Visteon

Corp.

\*

(Automobile

Components)

22,015

Vital

Energy,

Inc.

\*

(Oil,

Gas

&

Consumable

Fuels)

4,141

Vital

Farms,

Inc.

\*

(Food

Products)

11,881

Vitesse

Energy,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

5,399

Vivid

Seats,

Inc.

\*

-

Class

A

(Entertainment)

788

2,214

Voyager

Therapeutics,

Inc.

\*

(Biotechnology)

1,673

VSE

Corp.

(Commercial

Services

&

Supplies)

20,728

W&T

Offshore,

Inc.

(Oil,

Gas

&

Consumable

Fuels)

1,007

1,158

Wabash

National

Corp.

(Machinery)

3,040

WaFd,

Inc.

\*

(Banks)

5,437

Waldencast

PLC

\*

-

Class

A

(Personal

Care

Products)

685

Walker

&

Dunlop,

Inc.

(Financial

Services)

25,182

Warby

Parker,

Inc.

\*

-

Class

A

(Specialty

Retail)

905

14,942

Warrior

Met

Coal,

Inc.

(Metals

&

Mining)

531

25,392

Washington

Federal,

Inc.

(Banks)

827

23,594

Waterstone

Financial,

Inc.

(Financial

Services)

1,984

Watts

Water

Technologies,

Inc.

-

Class

A

(Machinery)

57,962

WaVe

Life

Sciences,

Ltd.

\*

(Pharmaceuticals)

987

7,620

Waystar

Holding

Corp.

\*

(Health

Care

Technology)

806

29,958

Co.

(Household

Products)

31,514

Weave

Communications,

Inc.

\*

(Software)

4,346

WEBTOON

Entertainment,

Inc.

\*

(Interactive

Media

&

Services)

1,404

Weis

Markets,

Inc.

(Consumer

Staples

Distribution

&

Retail)

14,446

Werewolf

Therapeutics,

Inc.

\*

(Biotechnology)

Werner

Enterprises,

Inc.

(Ground

Transportation)

631

15,560

Common

Stocks

(71.9%),

continued

Shares

Value

WesBanco,

Inc.

(Banks)

878

$

26,147

West

Bancorp,

Inc.

(Banks)

3,182

Westamerica

Bancorp

(Banks)

12,737

Westrock

Coffee

Co.

\*

(Food

Products)

2,140

Weyco

Group,

Inc.

(Distributors)

1,824

Wheels

Up

Experience,

Inc.

\*

(Passenger

Airlines)

915

1,052

Whitestone

REIT

(Retail

REITs)

507

6,611

WideOpenWest,

Inc.

\*

(Media)

510

2,234

Willdan

Group,

Inc.

\*

(Professional

Services)

5,135

Willis

Lease

Finance

Corp.

(Trading

Companies

&

Distributors)

4,642

Winmark

Corp.

(Specialty

Retail)

11,160

Winnebago

Industries,

Inc.

(Automobiles)

9,005

WisdomTree,

Inc.

(Capital

Markets)

1,373

11,945

WK

Kellogg

Co.

(Food

Products)

672

12,049

WM

Technology,

Inc.

\*

(Software)

879

1,134

WNS

Holdings,

Ltd.

\*

(Professional

Services)

26,568

Wolverine

World

Wide,

Inc.

(Textiles,

Apparel

&

Luxury

Goods)

812

10,597

Workiva,

Inc.

\*

(Software)

523

39,366

World

Acceptance

Corp.

\*

(Consumer

Finance)

4,519

World

Kinect

Corp.

(Oil,

Gas

&

Consumable

Fuels)

584

14,653

Worthington

Enterprises,

Inc.

(Household

Durables)

16,303

Worthington

Steel,

Inc.

(Metals

&

Mining)

8,519

WSFS

Financial

Corp.

(Banks)

598

30,827

X4

Pharmaceuticals,

Inc.

\*

(Biotech

&

Pharma)

XBiotech,

Inc.

\*

(Biotechnology)

620

Xencor,

Inc.

\*

(Biotechnology)

689

7,593

Xenia

Hotels

&

Resorts,

Inc.

(Hotel

&

Resort

REITs)

1,042

11,129

Xeris

Biopharma

Holdings,

Inc.

\*

(Pharmaceuticals)

1,433

6,549

Xerox

Holdings

Corp.

(Technology

Hardware,

Storage

&

Peripherals)

1,189

5,243

XOMA

Royalty

Corp.

\*

(Biotechnology)

1,995

Xometry,

Inc.

\*

-

Class

A

(Trading

Companies

&

Distributors)

11,487

XPEL,

Inc.

\*

(Automobile

Components)

7,389

Xperi,

Inc.

\*

(Software)

3,385

Xponential

Fitness,

Inc.

\*

-

Class

A

(Hotels,

Restaurants

&

Leisure)

2,084

Yelp,

Inc.

\*

(Interactive

Media

&

Services)

652

22,872

Yext,

Inc.

\*

(Software)

1,088

7,398

Y-mAbs

Therapeutics,

Inc.

\*

(Biotechnology)

1,619

Zenas

Biopharma,

Inc.

\*

(Biotechnology)

1,818

Zentalis

Pharmaceuticals,

Inc.

\*

(Biotechnology)

582

826

Zeta

Global

Holdings

Corp.

\*

-

Class

A

(Software)

1,826

23,848

Zevra

Therapeutics,

Inc.

\*

(Pharmaceuticals)

549

4,024

Ziff

Davis,

Inc.

\*

(Interactive

Media

&

Services)

12,727

Zimvie,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

2,528

ZipRecruiter,

Inc.

\*

(Interactive

Media

&

Services)

719

3,710

Zspace,

Inc.

\*

(Software)

Zumiez,

Inc.

\*

(Specialty

Retail)

1,849

Zura

Bio,

Ltd.

\*

(Biotechnology)

515

793

Zurn

Elkay

Water

Solutions

Corp.

(Building

Products)

1,473

50,023

Zymeworks,

Inc.

\*

(Biotechnology)

558

7,260

Zynex,

Inc.

\*

(Health

Care

Equipment

&

Supplies)

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $13,987,081)

23,813,271

Rights

(0.0%)

Shares

Value

Cartesian

Therapeutics,

Inc.

\*†CVR

(Health

Care)

1,656

–

Chinook

Therapeutics

\*†CVR

(Health

Care)

750

–

TOTAL

RIGHTS

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

$–)

–

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

UltraSmall-Cap

ProFund

Trust

(0.0%)

Interest

Units

Value

Ferroglobe

Representation

and

Warranty

Insurance

\*†

(Metals

&

Mining)

1,320

$

–

TOTAL

TRUST

(Cost

$–)

$

–

Repurchase

Agreements

(b)(c) (30.1%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$9,988,173

$

9,987,000

9,987,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$9,987,000)

9,987,000

TOTAL

INVESTMENT

SECURITIES

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

$23,974,081)— 102.0%

33,800,271

Net

other

assets

(liabilities) —

(2.0)%

(665,927)

NET

ASSETS

—

100.0%

$

33,134,344

\*

Non-income

producing

security.

†

These

securities

were

fair

valued

based

on

procedures

approved

by

the

Board

of

Trustees.

As

of

April

30,

2025,

these

securities

represented

0.0%

of

the

net

assets

of

the

Fund.

(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.

(c) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$5,869,000.

CVR

Contingent

Value

Rights

REIT

Real

Estate

Investment

Trust

Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

E-Mini

Russell

2000

Index

Futures

Contracts

6/23/25

$

2,560,740

$

(100,286)

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

5/27/25

4.53%

$

6,479,583

$

(14,545)

Russell

2000

Index

Goldman

Sachs

International

5/27/25

4.88%

9,262,790

(14,121)

$15,742,373

$(28,666)

iShares

Russell

2000

ETF

UBS

AG

5/27/25

5.13%

4,985,763

(3,470)

Russell

2000

Index

UBS

AG

5/27/25

5.03%

19,114,816

(16,420)

$24,100,579

$(19,890)

$39,842,952

$(48,556)

(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

April

30,

2025,

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).

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

UltraSmall-Cap

ProFund

UltraSmall-Cap

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Aerospace

&

Defense

$

394,810

1.2%

Air

Freight

&

Logistics

25,210

0.1%

Asset

Management

566

NM

Automobile

Components

260,204

0.8%

Automobiles

9,336

0.1%

Banks

2,553,162

7.7%

Beverages

94,731

0.3%

Biotech

&

Pharma

NM

Biotechnology

2,089,483

6.3%

Broadline

Retail

7,248

NM

Building

Products

338,675

1.0%

Capital

Markets

431,833

1.3%

Chemicals

376,906

1.1%

Commercial

Services

&

Supplies

471,938

1.4%

Communications

Equipment

148,421

0.4%

Construction

&

Engineering

406,068

1.2%

Construction

Materials

65,669

0.2%

Consumer

Finance

230,159

0.7%

Consumer

Staples

Distribution

&

Retail

293,677

0.9%

Containers

&

Packaging

57,492

0.2%

Distributors

9,243

NM

Diversified

Consumer

Services

303,372

0.9%

Diversified

Telecommunication

Services

123,510

0.4%

Electric

Utilities

220,435

0.7%

Electrical

Equipment

292,555

0.9%

Electronic

Equipment,

Instruments

&

Components

715,586

2.2%

Energy

Equipment

&

Services

401,446

1.2%

Entertainment

128,199

0.4%

Equity

REIT

-

Diversified

160,698

0.5%

Financial

Services

700,628

2.1%

Food

Products

241,761

0.7%

Gas

&

Water

Utilities

45,939

0.1%

Gas

Utilities

234,402

0.7%

Ground

Transportation

84,341

0.3%

Health

Care

Equipment

&

Supplies

658,469

2.0%

Health

Care

Providers

&

Services

728,607

2.2%

Health

Care

REITs

220,554

0.7%

Health

Care

Technology

105,289

0.3%

Hotel

&

Resort

REITs

157,821

0.5%

Hotels,

Restaurants

&

Leisure

463,223

1.4%

Household

Durables

469,790

1.4%

Household

Products

74,250

0.2%

Independent

Power/Renewable

Electricity

Producers

44,458

0.1%

Industrial

Conglomerates

6,977

NM

Industrial

REITs

103,825

0.3%

Institutional

Financial

Services

1,174

NM

Insurance

554,530

1.7%

Interactive

Media

&

Services

129,511

0.4%

IT

Services

113,640

0.3%

Leisure

Products

84,298

0.3%

Life

Sciences

Tools

&

Services

56,230

0.2%

Machinery

917,963

2.8%

Marine

Transportation

61,001

0.2%

Media

174,574

0.5%

Medical

Equipment

&

Devices

752

NM

Metals

&

Mining

416,811

1.2%

Mortgage

REITs

230,991

0.7%

Multi-Utilities

124,699

0.4%

Office

REITs

153,283

0.5%

Oil

&

Gas

Producers

2,011

NM

Oil

&

Gas

Services

&

Equipment

3,903

NM

Oil,

Gas

&

Consumable

Fuels

648,118

2.0%

Value

%

of

Net

Assets

Paper

&

Forest

Products

$

25,624

0.1%

Passenger

Airlines

93,154

0.3%

Personal

Care

Products

60,346

0.2%

Pharmaceuticals

435,815

1.3%

Professional

Services

548,775

1.7%

Real

Estate

Management

&

Development

160,660

0.5%

Residential

REITs

116,648

0.3%

Retail

REITs

309,984

1.0%

Semiconductors

&

Semiconductor

Equipment

487,434

1.5%

Software

1,439,003

4.3%

Specialized

REITs

109,331

0.3%

Specialty

Retail

467,149

1.4%

Technology

Hardware,

Storage

&

Peripherals

89,137

0.3%

Telecommunications

9,552

NM

Textiles,

Apparel

&

Luxury

Goods

104,746

0.3%

Tobacco

25,678

0.1%

Trading

Companies

&

Distributors

537,441

1.6%

Transportation

&

Logistics

14,524

NM

Transportation

Infrastructure

1,238

NM

Water

Utilities

106,482

0.3%

Wireless

Telecommunication

Services

45,671

0.1%

Other

\*\*

9,321,073

28.1%

Total

$

33,134,344

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

::

April

30,

2025

(unaudited)

U.S.

Government

Plus

ProFund

Repurchase

Agreements

(a)(b) (97.6%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$12,558,475

$

12,557,000

$

12,557,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$12,557,000)

12,557,000

TOTAL

INVESTMENT

SECURITIES

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

$12,557,000)— 97.6%

12,557,000

Net

other

assets

(liabilities)

—

.4

%

304,663

NET

ASSETS

—

100.0%

$

12,861,663

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$573,000.

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,

4.63%,

due

2/15/55

Citibank

North

America

5/15/25

4.59%

$

14,438,479

$

(116,996)

30-Year

U.S.

Treasury

Bond,

4.63%,

due

2/15/55

Societe

Generale

5/15/25

4.66%

1,749,816

27,695

$16,188,295

$(89,301)

(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

April

30,

2025,

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).

April

30,

2025

(unaudited)

::

Schedule

of

Portfolio

Investments

Utilities

UltraSector

ProFund

Common

Stocks

(79.2%)

Shares

Value

Alliant

Energy

Corp.

(Electric

Utilities)

1,664

$

101,571

Ameren

Corp.

(Multi-Utilities)

1,750

173,670

American

Electric

Power

Co.,

Inc.

(Electric

Utilities)

3,457

374,531

American

Water

Works

Co.,

Inc.

(Water

Utilities)

1,264

185,821

Atmos

Energy

Corp.

(Gas

Utilities)

1,029

165,288

CenterPoint

Energy,

Inc.

(Multi-Utilities)

4,225

163,846

CMS

Energy

Corp.

(Multi-Utilities)

1,937

142,660

Consolidated

Edison,

Inc.

(Multi-Utilities)

2,246

253,237

Constellation

Energy

Corp.

(Electric

Utilities)

2,028

453,136

Dominion

Energy,

Inc.

(Multi-Utilities)

5,446

296,153

DTE

Energy

Co.

(Multi-Utilities)

1,344

184,128

Duke

Energy

Corp.

(Electric

Utilities)

5,031

613,883

Edison

International

(Electric

Utilities)

2,510

134,310

Entergy

Corp.

(Electric

Utilities)

2,780

231,213

Evergy,

Inc.

(Electric

Utilities)

1,491

103,028

Eversource

Energy

(Electric

Utilities)

2,378

141,443

Exelon

Corp.

(Electric

Utilities)

6,517

305,647

FirstEnergy

Corp.

(Electric

Utilities)

3,325

142,576

NextEra

Energy,

Inc.

(Electric

Utilities)

13,333

891,710

NiSource,

Inc.

(Multi-Utilities)

3,047

119,168

NRG

Energy,

Inc.

(Electric

Utilities)

1,313

143,879

PG&E

Corp.

(Electric

Utilities)

14,222

234,947

Pinnacle

West

Capital

Corp.

(Electric

Utilities)

737

70,148

PPL

Corp.

(Electric

Utilities)

4,787

174,726

Public

Service

Enterprise

Group,

Inc.

(Multi-Utilities)

3,230

258,174

Sempra

(Multi-Utilities)

4,107

305,027

The

AES

Corp.

(Independent

Power/Renewable

Electricity

Producers)

4,610

46,100

Common

Stocks

(79.2%),

continued

Shares

Value

The

Southern

Co.

(Electric

Utilities)

7,104

$

652,787

Vistra

Corp.

(Independent

Power/Renewable

Electricity

Producers)

2,206

285,964

WEC

Energy

Group,

Inc.

(Multi-Utilities)

2,060

225,611

Xcel

Energy,

Inc.

(Electric

Utilities)

3,723

263,216

TOTAL

COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $3,213,130)

7,837,598

Repurchase

Agreements

(a)(b) (21.0%)

Principal

Amount

Value

Repurchase

Agreements

with

various

counterparties,

rates

4.10%-4.28%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$2,077,244

$

2,077,000

2,077,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$2,077,000)

2,077,000

TOTAL

INVESTMENT

SECURITIES

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

$5,290,130)— 100.2%

9,914,598

Net

other

assets

(liabilities) —

(0.2)%

(24,100)

NET

ASSETS

—

100.0%

$

9,890,498

(a) The

ProFund

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.

(b) A

portion

of

these

securities

were

held

in

a

segregated

account

for

the

benefit

of

swap

counterparties

in

the

event

of

default.

At

April

30,

2025,

the

aggregate

amount

held

in

a

segregated

account

was

$1,398,000.

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

5/23/25

5.08%

$

3,377,888

$

21,819

S&P

Utilities

Select

Sector

Index

UBS

AG

5/23/25

5.03%

3,638,525

23,946

$7,016,413

$45,765

(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

April

30,

2025,

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).

Utilities

UltraSector

ProFund

invested

in

the

following

industries

as

of

April

30,

2025:

Value

%

of

Net

Assets

Electric

Utilities

$

5,032,751

50.9%

Gas

Utilities

165,288

1.7%

Independent

Power/Renewable

Electricity

Producers

332,064

3.3%

Multi-Utilities

2,121,674

21.4%

Water

Utilities

185,821

1.9%

Other

\*\*

2,052,900

20.8%

Total

$

9,890,498

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.

Consolidated

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Bitcoin

ProFund

U.S.

Treasury

Obligations

(57

.4

%)

Principal

Amount

Value

U.S.

Treasury

Bills,

3.93%

(a) ,

5/15/25

(b) $

270,000,000

$

269,557,950

TOTAL U.S.

TREASURY

OBLIGATIONS

(Cost $269,559,175)

269,557,950

Repurchase

Agreements

(15

.4

%)

Repurchase

Agreements

with

UMB

Bank,

N.A.,4.30%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$72,289,533

(Collateralized

by

U.S.

Treasury

Notes,

4.00%,

due

2/29/28,

total

value

$73,726,601)

72,280,900

72,280,900

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$72,280,900)

72,280,900

TOTAL

INVESTMENT

SECURITIES

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

$341,840,075)

— 72.8%

341,838,850

Reverse

Repurchase

Agreements

including

accrued

interest

—

(57.4%)

(269,590,745)

Net

other

assets

(liabilities) — 84.6%

397,211,626

NET

ASSETS

—

100.0%

$

469,459,731

(a) Reflects

the

effective

yield

or

interest

rate

in

effect

at

April

30,

2025. (b) $269,557,200

of

this

security

has

been

pledged

as

collateral

for

reverse

repurchase

agreements.

Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

CME

Bitcoin

Futures

Contracts

991

6/2/25

$

469,213,725

$

18,511,025

April

30,

2025

(unaudited)

::

Consolidated

Schedule

of

Portfolio

Investments

Short

Bitcoin

ProFund

U.S.

Treasury

Obligations

(124

.8

%)

Principal

Amount

Value

U.S.

Treasury

Bills,

3.93%

(a) ,

5/15/25

(b) $

240,000

$

239,607

TOTAL U.S.

TREASURY

OBLIGATIONS

(Cost $239,610)

239,607

Repurchase

Agreements

(19

.0

%)

Repurchase

Agreements

with

UMB

Bank,

N.A.,4.30%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$36,553

(Collateralized

by

U.S.

Treasury

Notes,

4.38%,

due

11/30/28,

total

value

$37,279)

36,548

36,548

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$36,548)

36,548

TOTAL

INVESTMENT

SECURITIES

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

$276,158)

— 143.8%

276,155

Reverse

Repurchase

Agreements

including

accrued

interest

—

(124.9%)

(239,636)

Net

other

assets

(liabilities) — 81.0%

155,355

NET

ASSETS

—

100.0%

$

191,874

(a) Reflects

the

effective

yield

or

interest

rate

in

effect

at

April

30,

2025. (b) $239,606

of

this

security

has

been

pledged

as

collateral

for

reverse

repurchase

agreements.

Futures

Contracts

Sold

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

CME

Micro

Bitcoin

Futures

Contracts

6/2/25

$

(189,390)

$

2,606

Consolidated

Schedule

of

Portfolio

Investments

::

April

30,

2025

(unaudited)

Ether

ProFund

U.S.

Treasury

Obligations

(65

.6

%)

Principal

Amount

Value

U.S.

Treasury

Bills,

3.93%

(a) ,

5/15/25

(b) $

287,500

$

287,030

TOTAL U.S.

TREASURY

OBLIGATIONS

(Cost $287,032)

287,030

Repurchase

Agreements

(8

.6

%)

Repurchase

Agreements

with

UMB

Bank,

N.A.,4.30%,

dated

4/30/25,

due

5/1/25,

total

to

be

received

$37,576

(Collateralized

by

U.S.

Treasury

Notes,

4.38%,

due

11/30/28,

total

value

$38,323)

37,571

37,571

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$37,571)

37,571

TOTAL

INVESTMENT

SECURITIES

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

$324,603)

— 74.2%

324,601

Reverse

Repurchase

Agreements

including

accrued

interest

—

(65.5%)

(286,565)

Net

other

assets

(liabilities) — 91.3%

399,446

NET

ASSETS

—

100.0%

$

437,482

(a) Reflects

the

effective

yield

or

interest

rate

in

effect

at

April

30,

2025. (b) $286,529

of

this

security

has

been

pledged

as

collateral

for

reverse

repurchase

agreements.

Futures

Contracts

Purchased

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation/

(Depreciation)

CME

Ether

Futures

6/2/25

$

359,800

$

4,000

CME

Micro

Ether

Futures

6/2/25

77,357

887

$437,157

$4,887

April

30,

2025

(unaudited)

::

Appendix

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

April

30,

2025,

the

following

ProFunds

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.

Fund

Name

Credit

Agricole,

4.24%

dated

4/30/25,

due

5/1/25

HSBC

Securities

(USA),

Inc.,

4.28%

dated

4/30/25,

due

5/1/25

Natwest

Markets,

LLC,

4.23%

dated

4/30/25,

due

5/1/25

RBC

Capital

Markets,

LLC,

4.15%

dated

4/30/25,

due

5/1/25

Societe

Generale,

4.23%

dated

4/30/25,

due

5/1/25

UMB

Bank,

N.A.,

4.1%

dated

4/30/25,

due

5/1/25

Access

Flex

Bear

High

Yield

ProFund

$12,000

$34,000

$12,000

$9,000

$36,000

$12,000

Access

Flex

High

Yield

ProFund

2,237,000

5,909,000

2,148,000

1,611,000

6,231,000

1,769,000

Banks

UltraSector

ProFund

221,000

584,000

212,000

158,000

617,000

183,000

Bear

ProFund

5,137,000

13,567,000

4,933,000

3,699,000

14,308,000

4,060,000

Biotechnology

UltraSector

ProFund

1,577,000

4,166,000

1,514,000

1,134,000

4,393,000

1,252,000

Bull

ProFund

873,000

2,310,000

839,000

629,000

2,436,000

699,000

Communication

Services

UltraSector

ProFund

446,000

1,178,000

428,000

320,000

1,242,000

358,000

Consumer

Discretionary

UltraSector

ProFund

543,000

1,437,000

522,000

391,000

1,515,000

437,000

Consumer

Staples

UltraSector

ProFund

120,000

320,000

115,000

86,000

337,000

104,000

Energy

UltraSector

ProFund

1,911,000

5,051,000

1,837,000

1,377,000

5,327,000

1,517,000

Falling

U.S.

Dollar

ProFund

471,000

1,247,000

453,000

340,000

1,315,000

377,000

Financials

UltraSector

ProFund

575,000

1,522,000

552,000

414,000

1,605,000

464,000

Health

Care

UltraSector

ProFund

370,000

980,000

355,000

265,000

1,033,000

301,000

Industrials

UltraSector

ProFund

149,000

396,000

143,000

108,000

418,000

127,000

Internet

UltraSector

ProFund

2,062,000

5,448,000

1,980,000

1,485,000

5,746,000

1,637,000

Large-Cap

Growth

ProFund

12,000

32,000

11,000

8,000

34,000

13,000

Large-Cap

Value

ProFund

51,000

136,000

49,000

37,000

144,000

44,000

Materials

UltraSector

ProFund

110,000

291,000

105,000

78,000

308,000

96,000

Mid-Cap

Growth

ProFund

1,000

2,000

–

–

2,000

4,000

Mid-Cap

ProFund

317,000

842,000

305,000

228,000

888,000

262,000

ProFund

5,186,000

13,697,000

4,980,000

3,735,000

14,445,000

4,102,000

Oil

&

Gas

Equipment

&

Services

UltraSector

ProFund

204,000

541,000

196,000

146,000

571,000

169,000

Pharmaceuticals

UltraSector

ProFund

64,000

171,000

61,000

46,000

180,000

59,000

Precious

Metals

UltraSector

ProFund

951,000

2,515,000

913,000

685,000

2,651,000

761,000

Real

Estate

UltraSector

ProFund

90,000

240,000

86,000

64,000

253,000

79,000

Rising

Rates

Opportunity

ProFund

1,150,000

3,038,000

1,104,000

827,000

3,205,000

915,000

Rising

Rates

Opportunity

ProFund

67,000

180,000

65,000

48,000

190,000

61,000

Rising

U.S.

Dollar

ProFund

938,000

2,480,000

901,000

676,000

2,615,000

750,000

Semiconductor

UltraSector

ProFund

9,912,000

26,179,000

9,519,000

7,139,000

27,605,000

7,829,000

Short

Energy

ProFund

109,000

289,000

104,000

78,000

305,000

97,000

Short

ProFund

307,000

813,000

294,000

221,000

857,000

251,000

Short

Precious

Metals

ProFund

994,000

2,628,000

955,000

715,000

2,770,000

794,000

Short

Real

Estate

ProFund

114,000

303,000

109,000

82,000

320,000

97,000

Short

Small-Cap

ProFund

64,000

170,000

62,000

45,000

180,000

59,000

Small-Cap

ProFund

74,000

197,000

71,000

54,000

209,000

66,000

Technology

UltraSector

ProFund

1,152,000

3,045,000

1,106,000

830,000

3,211,000

916,000

UltraBear

ProFund

1,515,000

4,003,000

1,455,000

1,091,000

4,222,000

1,204,000

UltraBull

ProFund

3,507,000

9,265,000

3,368,000

2,526,000

9,770,000

2,778,000

UltraChina

ProFund

628,000

1,661,000

603,000

452,000

1,751,000

503,000

UltraDow

ProFund

928,000

2,454,000

892,000

668,000

2,589,000

744,000

UltraEmerging

Markets

ProFund

110,000

293,000

106,000

79,000

308,000

95,000

UltraInternational

ProFund

777,000

2,055,000

746,000

559,000

2,167,000

622,000

UltraJapan

ProFund

1,288,000

3,403,000

1,237,000

928,000

3,589,000

1,022,000

UltraLatin

America

ProFund

127,000

340,000

122,000

91,000

357,000

110,000

UltraMid-Cap

ProFund

787,000

2,079,000

756,000

566,000

2,193,000

628,000

ProFund

23,817,000

62,901,000

22,871,000

17,154,000

66,332,000

18,805,000

UltraShort

China

ProFund

182,000

484,000

175,000

131,000

511,000

154,000

UltraShort

Dow

ProFund

778,000

2,060,000

749,000

561,000

2,172,000

623,000

UltraShort

Emerging

Markets

ProFund

41,000

109,000

40,000

28,000

116,000

39,000

UltraShort

International

ProFund

215,000

571,000

207,000

154,000

603,000

180,000

UltraShort

Japan

ProFund

126,000

337,000

122,000

91,000

355,000

107,000

UltraShort

Latin

America

ProFund

140,000

372,000

135,000

101,000

394,000

119,000

UltraShort

Mid-Cap

ProFund

73,000

198,000

71,000

53,000

209,000

68,000

UltraShort

ProFund

2,791,000

7,375,000

2,681,000

2,010,000

7,777,000

2,211,000

UltraShort

Small-Cap

ProFund

616,000

1,628,000

591,000

444,000

1,717,000

494,000

UltraSmall-Cap

ProFund

1,121,000

2,963,000

1,077,000

807,000

3,126,000

893,000

Appendix

::

April

30,

2025

(unaudited)

Each

repurchase

agreement

was

fully

collateralized

by

U.S.

government

securities

as

of

April

30,

2025,

as

follows:

(1) U.S.

Treasury

Inflation-Protected

Securities

(TIPS),

2.375%,

due

10/15/2028,

total

value

$81,404,650.

(2) U.S.

Treasury

Bonds,

1.875%,

due

2/15/2041,

total

value

$214,892,963.

(3) U.S.

Treasury

Notes,

1.25%

to

3.125%,

due

12/31/2026

to

8/31/2029,

which

had

an

aggregate

value

of

$78,102,652.

(4) U.S.

Treasury

Notes,

4.125%,

due

6/15/2026,

total

value

$58,554,993.

(5) U.S.

Treasury

Notes,

1.125%

to

1.25%,

due

12/31/2026

to

8/31/2028,

which

had

an

aggregate

value

of

$226,621,740.

(6) U.S.

Treasury

Notes,

4.00%

to

4.37%,

due

2/29/2028

to

11/30/2028,

which

had

an

aggregate

value

of

$64,646,737.

Fund

Name

Credit

Agricole,

4.24%

dated

4/30/25,

due

5/1/25

HSBC

Securities

(USA),

Inc.,

4.28%

dated

4/30/25,

due

5/1/25

Natwest

Markets,

LLC,

4.23%

dated

4/30/25,

due

5/1/25

RBC

Capital

Markets,

LLC,

4.15%

dated

4/30/25,

due

5/1/25

Societe

Generale,

4.23%

dated

4/30/25,

due

5/1/25

UMB

Bank,

N.A.,

4.1%

dated

4/30/25,

due

5/1/25

U.S.

Government

Plus

ProFund

1,410,000

3,727,000

1,354,000

1,015,000

3,929,000

1,122,000

Utilities

UltraSector

ProFund

231,000

615,000

223,000

166,000

648,000

194,000

$79,779,000

$210,831,000

$76,620,000

$57,443,000

$222,337,000

$63,436,000

April

30,

2025

(unaudited)

::

Appendix

Reverse

Repurchase

Agreements

As

of

April

30, 2025,

the

ProFunds'

outstanding

balances

of

reverse

repurchase

agreements

were

as

follows:

Counterparty

Interest

Rate

Principal

Amount

Maturity

Value

Value

&

Accrued

Interest

Bitcoin

ProFund

UMB

Bank

N.A.

4.30%

$

(269,557,200)

5/1/2025

$

(269,557,200)

$

(269,590,745)

Ether

ProFund

UMB

Bank

N.A.

4.30%

(286,529)

5/1/2025

(286,529)

(286,565)

Short

Bitcoin

ProFund

UMB

Bank

N.A.

4.30%

(239,606)

5/1/2025

(239,606)

(239,636)

The

following

table

presents

the

reverse

repurchase

agreements

subject

to

netting

agreements

and

the

collateral

delivered

related

to

those

reverse

repurchase

agreements:

Counterparty

Reverse

Repurchase

Agreements

(1) Collateral

Pledged

to

Counterparty

Bitcoin

ProFund

UMB

Bank

N.A.

$

(269,590,745)

$

269,557,200

Ether

ProFund

UMB

Bank

N.A.

(286,565)

286,529

Short

Bitcoin

ProFund

UMB

Bank

N.A.

(239,636)

239,606

(1) Represents

gross

value

and

accrued

interest

for

the

counterparty

as

reported

in

the

preceding

table.

## 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:** SHORT ENERGY PROFUND

- **b. EDGAR series identifier (if any):** S000003085

- **c. LEI of Series:** WKPDJFQNQPDFWOC81G76

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $2424064.12

**Total Liabilities:** $1425512.17

**Net Assets:** $998551.95

**Cash Not Reported:** $1681.16

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000008387 | -3.56%               | -3.21%               | 13.68%               |
| Class ID C000008386 | -3.46%               | -3.22%               | 13.83%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $0.00                    | $0.00                                      |

**Designated Index Information**

- **Index Name:** Dow Jones U.S. Oil & Gas Index

- **Index Identifier:** DJUSEN

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A    | SNPIX_IXE_UBS                                 | CUSIP: N/A<br>LEI: N/A | Long             | DE               |  | US        |        91 | OU      | $-1625.69     | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A    | UMB FINANCIAL CORP. B 4.1 , 5/01/2025         | CUSIP: N/A<br>LEI: N/A | Long             | RA               | CORP              | US        |     97000 | PA      | $97000.00     | 9.71%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A    | SNPIX_IXE_GOLDMAN                             | CUSIP: N/A<br>LEI: N/A | Short            | DE               |  | US        |      -739 | OU      | $8677.01      | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A    | SNPIX_IXE_UBS                                 | CUSIP: N/A<br>LEI: N/A | Short            | DE               |  | US        |      -631 | OU      | $10330.31     | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A    | SOCIETE' GENERALE  4.23 , 5/01/2025           | CUSIP: N/A<br>LEI: N/A | Long             | RA               | CORP              | US        |    305000 | PA      | $305000.00    | 30.54%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A    | CREDIT AGRICOLE CIB NY  4.24 , 5/01/2025      | CUSIP: N/A<br>LEI: N/A | Long             | RA               | CORP              | US        |    109000 | PA      | $109000.00    | 10.92%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A    | ROYAL BANK OF CANADA  4.15 , 5/01/2025        | CUSIP: N/A<br>LEI: N/A | Long             | RA               | CORP              | US        |     78000 | PA      | $78000.00     | 7.81%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A    | NATWEST MARKETS PLC  4.23 , 5/01/2025         | CUSIP: N/A<br>LEI: N/A | Long             | RA               | CORP              | US        |    104000 | PA      | $104000.00    | 10.42%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A    | SNPIX_IXE_GOLDMAN                             | CUSIP: N/A<br>LEI: N/A | Long             | DE               |  | US        |       214 | OU      | $-3625.47     | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A    | HSBC SECURITIES (USA), INC.  4.28 , 5/01/2025 | CUSIP: N/A<br>LEI: N/A | Long             | RA               | CORP              | US        |    289000 | PA      | $289000.00    | 28.94%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-04-30

**Name of Applicant:** Short Energy ProFund

**Signature:** Rebecca Colvin

**Name of Signer:** Rebecca Colvin

**Title:** Treasurer and Principal Financial Officer