RYDEX ETF TRUST
0000 XXXXXXXXX XXXX, XXXXX 000
XXXXXXXXX, XX 00000
November 1, 2006
State Street Bank and Trust Company
000 Xxxxxxx Xxxxxx, 0xx xxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Attention: Xxxxxxx X. Xxxxxxxxxxx, Vice President
Ladies and Gentlemen:
Reference is made to the Custodian Agreement between Rydex ETF Trust (the
"Fund") and State Street Bank and Trust Company ("State Street") dated as of May
3, 2005, as amended (the "Agreement").
Pursuant to Section 18.6 of the Agreement, this letter is to provide
written notice to State Street of the Fund's desire to include the following
series (the "Additional Series") as additional Portfolios under the Agreement:
Rydex S&P Equal Weight Consumer Discretionary ETF
Rydex S&P Equal Weight Consumer Staples ETF
Rydex S&P Equal Weight Energy ETF
Rydex S&P Equal Weight Financials ETF
Rydex S&P Equal Weight Health Care ETF
Rydex S&P Equal Weight Industrials ETF
Rydex S&P Equal Weight Materials ETF
Rydex S&P Equal Weight Technology ETF
Rydex S&P Equal Weight Utilities ETF
In accordance with such section, we request that State Street confirm that
it will render services as custodian with respect to the Additional Series
pursuant to the Agreement. An updated Appendix A to the Agreement, reflecting
the addition of the New Series, is annexed hereto.
[Signature page follows.]
Please indicate your acceptance of the foregoing by executing two copies
of this Agreement, returning one to the Fund and retaining one copy for your
records.
Very truly yours,
RYDEX ETF TRUST
By: /s/Xxxxxx Xxxxxx
---------------------------------
Name: Xxxxxx Xxxxxx
Title: Asst. Treasurer
Accepted:
STATE STREET BANK AND TRUST COMPANY
By: /s/Xxxxxx X. Xxxxxx
---------------------------------
Name: Xxxxxx X. Xxxxxx
Title: Executive Vice President
APPENDIX A
To Custodian Agreement dated May 3, 2005
Effective as of November 1, 2006
RYDEX XXXXXXX TOP 50 ETF
RYDEX S&P EQUAL WEIGHT ETF
RYDEX S&P 500 PURE VALUE ETF
RYDEX S&P 500 PURE GROWTH ETF
RYDEX S&P MIDCAP 400 PURE VALUE ETF
RYDEX S&P MIDCAP 400 PURE GROWTH ETF
RYDEX S&P SMALLCAP 600 PURE VALUE ETF
RYDEX S&P SMALLCAP 600 PURE GROWTH ETF
RYDEX S&P EQUAL WEIGHT CONSUMER DISCRETIONARY ETF
RYDEX S&P EQUAL WEIGHT CONSUMER STAPLES ETF
RYDEX S&P EQUAL WEIGHT ENERGY ETF
RYDEX S&P EQUAL WEIGHT FINANCIALS ETF
RYDEX S&P EQUAL WEIGHT HEALTH CARE ETF
RYDEX S&P EQUAL WEIGHT INDUSTRIALS ETF
RYDEX S&P EQUAL WEIGHT MATERIALS ETF
RYDEX S&P EQUAL WEIGHT TECHNOLOGY ETF
RYDEX S&P EQUAL WEIGHT UTILITIES ETF
