AMENDMENT TO
SERVICE AGREEMENT
BETWEEN
RYDEX SERIES TRUST
AND
PADCO SERVICES COMPANY, INC.
AMENDMENT TO INCLUDE THE RYDEX SECTOR FUNDS UNDER THIS AGREEMENT. The following
Amendment is made to Section 4 of the Service Agreement between the Trust and
the Servicer, and is hereby incorporated into and made a part of the Service
Agreement:
Section 4 of the Service Agreement is amended, effective March 16,
1998, to read as follows:
"As consideration for the services provided hereunder, the Trust will
pay the Servicer a fee on the last day of each month in which this
Agreement is in effect, at the following annual rates based on the
average daily net assets (the "Assets") of each of the Trust's series
for such month:
THE NOVA FUND
0.25% of Assets
THE RYDEX U.S. GOVERNMENT MONEY MARKET FUND
0.20% of Assets
THE RYDEX PRECIOUS METALS FUND
0.20% of Assets
THE URSA FUND
0.25% of Assets
THE RYDEX U.S. GOVERNMENT BOND FUND
0.20% of Assets
THE RYDEX OTC FUND
0.20% of Assets
THE JUNO FUND
0.25% of Assets
THE RYDEX INSTITUTIONAL MONEY MARKET FUND
0.20% of Assets
THE RYDEX HIGH YIELD FUND
0.20% of Assets
THE RYDEX BANKING FUND
0.25% of Assets
THE RYDEX BASIC MATERIALS FUND
0.25% of Assets
THE RYDEX BIOTECHNOLOGY FUND
0.25% of Assets
THE RYDEX CONSUMER PRODUCTS FUND
0.25% of Assets
THE RYDEX ELECTRONICS FUND
0.25% of Assets
THE RYDEX ENERGY FUND
0.25% of Assets
THE RYDEX ENERGY SERVICE FUND
0.25% of Assets
THE RYDEX FINANCIAL SERVICES FUND
0.25% of Assets
2
THE RYDEX HEALTH CARE FUND
0.25% of Assets
THE RYDEX LEISURE FUND
0.25% of Assets
THE RYDEX RETAILING FUND
0.25% of Assets
THE RYDEX TECHNOLOGY FUND
0.25% of Assets
THE RYDEX TELECOMMUNICATIONS FUND
0.25% of Assets
THE RYDEX TRANSPORTATION FUND
0.25% of Assets
In the event that this Agreement commences on a date other than
on the beginning of any calendar month, or if this Agreement
terminates on a date other than the end of any calendar month,
the fees payable hereunder by the Trust shall be proportionately
reduced according to the number of days during such month that
services were not rendered hereunder by the Servicer."
3
In witness whereof, the parties hereto have caused this Amendment to be
executed in their names and on their behalf and through their duly-authorized
officers as of the 16th day of March 1998.
RYDEX SERIES TRUST
-------------------------------
By: Xxxxxx X. Xxxxxx, Xx.
Title: President
PADCO SERVICE COMPANY, INC.
-------------------------------
By: Xxxxxx X. Xxxxxx, Xx.
Title: President
4
