At a Glance
The Access VP High Yield Fund seeks to provide exposure to the total return of the high yield market.
The Access VP High Yield Fund seeks to provide investment results that correspond generally to the total return of the high yield market consistent with maintaining reasonable liquidity.
Unlike ProFunds, however, the Access VP High Yield Fund is not benchmarked to a specific market index or security.
There is no guarantee that the Access VP High Yield Fund will achieve its investment objective. Investment return and principal value will vary and shares may be worth more or less at redemption than at original purchase. An investment in the Access VP High Yield Fund entails certain risks, which are outlined in the Fund's Prospectus.
High-yield bond portfolios tend to be subject to greater price swings than higher-rated bonds, and of course, payment of interest and principal is not assured.
Because non-diversified portfolios invest a substantial proportion of their assets in a limited number of securities within a specific industry, they may suffer greater volatility as a result of economic, political or regulatory events than diversified portfolios would.
There are several risk considerations associated with the ProFunds VP and the Access VP High Yield Fund, including but not limited to the following: Active Investor Risk, Aggressive Investment Technique Risk, CDS Risk, Concentration Risk, Correlation Risk, Counterparty Risk, Credit Risk, Debt Instrument Risk, Early Close/Trading Halt Risk, Emerging Markets Risk, Equity Risk, Foreign Currency Risk, Foreign Investment Risk, Geographic Concentration Risk, High Yield Risk, Interest Rate Risk, Issuer Specific Risk, Liquidity Risk, Management Risk, Market Risk, Non-Diversification Risk, Repurchase Agreement Risk, Portfolio Turnover Risk, Short Sale Risk, Small and Mid-Cap Company Investment Risk, Technology Investment Risk, Valuation Risk, Value Investing Risk.
Please see the prospectus for complete discussion of these risks and other special risks that may apply to specific Funds.