# EDGAR Filing Document

**Accession Number:** 0001039803
**File Stem:** 0000910472-26-001819
**Filing Date:** 2026-2
**Character Count:** 26311
**Document Hash:** 3e55312a7a6ecdd9cfad52dce64be95a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-001819.hdr.sgml**: 20260219

**ACCESSION NUMBER**: 0000910472-26-001819

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260219

**DATE AS OF CHANGE**: 20260219

**PERIOD START**: 20251231

**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:** 26652688

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

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Bethesda

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20814

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

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

- **a. Name of Series:** PROFUND VP EMERGING MARKETS

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

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

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $38644937.49

**Total Liabilities:** $2789703.80

**Net Assets:** $35855233.69

**Cash Not Reported:** $1769427.16

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000024086 | 0.61%                | -1.83%               | -0.74%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-31503.91               | $316093.75                                 |
| Month 2  | $-64528.95               | $-451633.00                                |
| Month 3  | $173122.31               | $-589691.67                                |

**Designated Index Information**

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

- **Index Identifier:** BKTEM

### Schedule of Portfolio Investments

| Name                                                           | Title                                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ASE Technology Holding Co Ltd.                                 | ASE Technology Holding Company Ltd.                      | CUSIP: 00215W100<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |     32078 | NS      | $516455.80    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                                     | Alibaba Group Holding Ltd.                               | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | HK        |     39999 | NS      | $5863053.42   | 16.35%            |  |  |  | No            |                  1 | On Loan: No      |
| Ambev S.A.                                                     | Ambev S.A.                                               | CUSIP: 02319V103<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |     77906 | NS      | $192427.82    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| America Movil S.A.B. de C.V.                                   | America Movil S.A.B. de C.V.                             | CUSIP: 02390A101<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |     16560 | NS      | $342295.20    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc.                                                     | Baidu, Inc.                                              | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | CN        |      5093 | NS      | $665451.38    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco SA                                              | Banco Bradesco S.A.                                      | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |     96807 | NS      | $322367.31    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco de Chile                                                 | Banco de Chile                                           | CUSIP: 059520106<br>LEI: 8B4EZFY8IHJC44TT2K84 | Long             | EC               | CORP              | CL        |      4253 | NS      | $161614.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BeOne Medicines Ltd.                                           | BeOne Medicines Ltd.                                     | CUSIP: 07725L102<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | US        |      1325 | NS      | $402548.25    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bilibili Inc.                                                  | Bilibili, Inc.                                           | CUSIP: 090040106<br>LEI: 5493008V60M52L3PIS45 | Long             | EC               | CORP              | CN        |      5303 | NS      | $130400.77    | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                                            | VPEM_BKTEM_GOLDMAN                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               |  | US        |       290 | OU      | $-2293.52     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                            | VPEM_BKTEM_GOLDMAN                                       | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               |  | US        |        -4 | OU      | $-1.82        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                            | VPEM_BKTEM_UBS                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               |  | US        |       310 | OU      | $-2454.26     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                            | VPEM_BKTEM_UBS                                           | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               |  | US        |       -76 | OU      | $658.13       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CEMEX S.A.B. de C.V.                                           | Cemex S.A.B. de C.V.                                     | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |     27711 | NS      | $318399.39    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrais Elet Bras Sa Eletrobras                               | Axia Energia                                             | CUSIP: 15234Q207<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EC               | CORP              | BR        |     16711 | NS      | $153072.76    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrais Elet Bras Sa Eletrobras                               | Axia Energia                                             | CUSIP: 15236F100<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EC               | CORP              | BR        |      5002 | NS      | $43120.09     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Chunghwa Telecom Co Ltd.                                       | Chunghwa Telecom Company Ltd.                            | CUSIP: 17133Q502<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      7007 | NS      | $292261.97    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP | Cia de Saneamento Basico do Estado de Sao Paulo S.A.BESP | CUSIP: 20441A102<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |      8633 | NS      | $205886.56    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr. Reddy's Laboratories Ltd.                                  | Dr Reddy's Laboratories Ltd.                             | CUSIP: 256135203<br>LEI: 335800OVDPY3DVZR2798 | Long             | EC               | CORP              | IN        |     11153 | NS      | $156588.12    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Embraer S.A.                                                   | Embraer S.A.                                             | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |      3185 | NS      | $205018.45    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano S A B de C V                        | Fomento Economico Mexicano S.A.B. de C.V.                | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |      3110 | NS      | $314327.70    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Full Truck Alliance Co Ltd                                     | Full Truck Alliance Company Ltd.                         | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | CN        |     15132 | NS      | $162366.36    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                                                | Gold Fields Ltd.                                         | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     16385 | NS      | $715369.10    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario Del Pacifico S.A.B. de C.V.                | Grupo Aeroportuario del Pacifico S.A.B. de C.V.          | CUSIP: 400506101<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |       741 | NS      | $195349.83    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd.                                                 | HDFC Bank Ltd.                                           | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     63529 | NS      | $2321349.66   | 6.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Gold Mining Co Ltd                                     | Harmony Gold Mining Company Ltd.                         | CUSIP: 413216300<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |      9994 | NS      | $198880.60    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd.                                                | ICICI Bank Ltd.                                          | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     48396 | NS      | $1442200.80   | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd.                                                   | Infosys Ltd.                                             | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |     64645 | NS      | $1151973.90   | 3.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Itau Unibanco Holding SA                                       | Itau Unibanco Holding S.A.                               | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |    100509 | NS      | $719647.73    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc.                                                    | JD.com, Inc.                                             | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |     26535 | NS      | $761554.50    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group Inc.                                        | KB Financial Group, Inc.                                 | CUSIP: 48241A105<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |      6494 | NS      | $558743.76    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| KE Holdings Inc.                                               | KE Holdings, Inc.                                        | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | CN        |     11916 | NS      | $187796.16    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Kanzhun Limited                                                | Kanzhun Ltd.                                             | CUSIP: 48553T106<br>LEI: 254900F4ZCBITP7L0251 | Long             | EC               | CORP              | CN        |      6823 | NS      | $139052.74    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Electric Power Corp.                                     | Korea Electric Power Corp.                               | CUSIP: 500631106<br>LEI: 988400QG33WS7JEIV602 | Long             | EC               | CORP              | SK        |      9402 | NS      | $155133.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Li Auto Inc.                                                   | Li Auto, Inc.                                            | CUSIP: 50202M102<br>LEI: 2549003R73Q70J5H4I65 | Long             | EC               | CORP              | CN        |     10947 | NS      | $185332.71    | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| NIO Inc.                                                       | NIO, Inc.                                                | CUSIP: 62914V106<br>LEI: 549300JBU4TV5OCKJV96 | Long             | EC               | CORP              | CN        |     33650 | NS      | $171615.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc.                                                   | NetEase, Inc.                                            | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |      6260 | NS      | $861501.20    | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| New Oriental Education &  Technology Group Inc.                | New Oriental Education & Technology Group, Inc.          | CUSIP: 647581206<br>LEI: 529900NHZVBZQZ8EKN29 | Long             | EC               | CORP              | KY        |      2511 | NS      | $138180.33    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| POSCO Holdings Inc.                                            | POSCO Holdings, Inc.                                     | CUSIP: 693483109<br>LEI: 988400E5HRVX81AYLM04 | Long             | EC               | CORP              | KR        |      5512 | NS      | $293293.52    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom Indonesia(Persero) Tbk PT                               | Telkom Indonesia Persero Tbk P.T.                        | CUSIP: 715684106<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |      8342 | NS      | $175599.10    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                                         | Petroleo Brasileiro S.A. - Petrobras                     | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     40381 | NS      | $455093.87    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                                         | Petroleo Brasileiro S.A. - Petrobras                     | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     34060 | NS      | $403611.00    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings Inc.                                              | PDD Holdings, Inc.                                       | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | IE        |     13433 | NS      | $1523167.87   | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Shinhan Financial Group Co Ltd.                                | Shinhan Financial Group Company Ltd.                     | CUSIP: 824596100<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |      8443 | NS      | $452798.09    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Sibanye-Stillwater Limited                                     | Sibanye Stillwater Ltd.                                  | CUSIP: 82575P107<br>LEI: 378900F238434B74D281 | Long             | EC               | CORP              | ZA        |     12954 | NS      | $184594.50    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Sociedad Quimica y Minera de Chile S A                         | Sociedad Quimica y Minera de Chile S.A.                  | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |      2615 | NS      | $179912.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                   | Taiwan Semiconductor Manufacturing Company Ltd.          | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     22191 | NS      | $6743622.99   | 18.81%            |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Music Entertainment Group                              | Tencent Music Entertainment Group                        | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | CN        |      9050 | NS      | $158646.50    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd.                                            | Trip.com Group Ltd.                                      | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | SG        |     11128 | NS      | $800214.48    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| United Microelectronics Corp.                                  | United Microelectronics Corporation                      | CUSIP: 910873405<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | TW        |     43214 | NS      | $339662.04    | 0.95%             |  |  |  | No            |                  1 | On Loan: —       |
| Vale S.A.                                                      | Vale S.A.                                                | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |     65644 | NS      | $855341.32    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Wipro Ltd.                                                     | Wipro Ltd.                                               | CUSIP: 97651M109<br>LEI: 335800IFS1IJHESG8362 | Long             | EC               | CORP              | IN        |     55658 | NS      | $158068.72    | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Woori Financial Group Inc.                                     | Woori Financial Group, Inc.                              | CUSIP: 981064108<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      4121 | NS      | $242273.59    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| XPeng Inc.                                                     | XPeng, Inc.                                              | CUSIP: 98422D105<br>LEI: 549300TZNMIREMWQU857 | Long             | EC               | CORP              | CN        |     13431 | NS      | $272380.68    | 0.76%             |  |  |  | No            |                  1 | On Loan: —       |
| ZTO Express (Cayman) Inc.                                      | ZTO Express Cayman, Inc.                                 | CUSIP: 98980A105<br>LEI: 549300SCJPK3YZJTJR78 | Long             | EC               | CORP              | CN        |      7668 | NS      | $160184.52    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| AGPXX                                                          | Invesco Government & Agency Portfolio                    | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2222614 | NS      | $2222614.50   | 6.20%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                            | HSBC SECURITIES (USA), INC.  3.65 , 1/02/2025            | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |     39000 | PA      | $39000.00     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                            | NATWEST MARKETS PLC  3.72 , 1/02/2025                    | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |     72000 | PA      | $72000.00     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                            | ROYAL BANK OF CANADA  3.54 , 1/02/2025                   | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |     39000 | PA      | $39000.00     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                            | SOCIETE' GENERALE  3.66 , 1/02/2025                      | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |     92000 | PA      | $92000.00     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                            | UMB FINANCIAL CORP.  3.49 , 1/02/2025                    | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |     39000 | PA      | $39000.00     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

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

**Signature:** Rebecca Colvin

**Name of Signer:** Rebecca Colvin

**Title:** Treasurer and Principal Financial Officer