Exhibit 99.H2
AMENDMENT
DATED DECEMBER 7, 2010
TO THE
FOURTH AMENDED AND RESTATED SERVICE AGREEMENT
BETWEEN
RYDEX SERIES FUNDS
AND RYDEX FUND SERVICES, INC.,
DATED SEPTEMBER 25, 1996,
AS AMENDED
NOVEMBER 15, 2004, AUGUST 29, 2005
AUGUST 28, 2006, AND FEBRUARY 12, 2010
AMENDMENT
TO THE
FOURTH AMENDED AND RESTATED
SERVICE AGREEMENT
DATED SEPTEMBER 25, 1996, AS AMENDED,
NOVEMBER 15, 2004, AUGUST 29, 2005
AUGUST 28, 2006 AND FEBRUARY 12, 2010
BETWEEN
RYDEX SERIES FUNDS
AND
RYDEX FUND SERVICES, INC.
The following Amendment is made to Section 4 of the Amended and Restated Service
Agreement between Rydex Series Funds (the "Trust") and Rydex Fund Services, Inc.
(the "Servicer"), as amended to date (the "Agreement"), and is hereby
incorporated into and made a part of the Agreement:
Section 4 of the Agreement is amended, effective December 7, 2010, 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 as set forth in Schedule
VI.
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.
SCHEDULE VI
COMPENSATION
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 (a "Fund") for such month:
INVESTOR CLASS, ADVISOR
CLASS, A-CLASS, C-CLASS,
H-CLASS, INVESTOR2 CLASS,
INSTITUTIONAL CLASS
FUND NAME (AS APPLICABLE) Y-CLASS SHARES
--------- ------------------------- --------------
Government Long Bond 1.2x Strategy Fund 0.20%
U.S. Government Money Market Fund 0.20%
Nova Fund 0.25%
Inverse S&P 500 Strategy Fund 0.25%
NASDAQ-100(R) Fund 0.25%
Inverse NASDAQ-100(R) Strategy Fund 0.25%
Inverse Government Long Bond Strategy Fund 0.25%
Europe 1.25x Strategy Fund 0.25%
Xxxxxxx 2000(R) 1.5x Strategy Fund 0.25%
Mid-Cap 1.5x Strategy Fund 0.25%
S&P 500 Pure Value Fund 0.25%
S&P 500 Pure Growth Fund 0.25%
S&P MidCap 400 Pure Value Fund 0.25%
S&P MidCap 400 Pure Growth Fund 0.25%
Inverse Mid-Cap Strategy Fund 0.25%
S&P SmallCap 600 Pure Value Fund 0.25%
S&P SmallCap 600 Pure Growth Fund 0.25%
Xxxxxxx Xxxxxxx 0000(X) Strategy Fund 0.25%
Strengthening Dollar 2x Strategy Fund 0.25%
Weakening Dollar 2x Strategy Fund 0.25%
Banking Fund 0.25%
Basic Materials Fund 0.25%
Biotechnology Fund 0.25%
Consumer Products Fund 0.25%
Electronics Fund 0.25%
Energy Fund 0.25%
Energy Services Fund 0.25%
Financial Services Fund 0.25%
Health Care Fund 0.25%
Internet Fund 0.25%
Leisure Fund 0.25%
Precious Metals Fund 0.25%
Real Estate Fund 0.25%
Retailing Fund 0.25%
Technology Fund 0.25%
INVESTOR CLASS, ADVISOR
CLASS, A-CLASS, C-CLASS,
H-CLASS, INVESTOR2 CLASS,
INSTITUTIONAL CLASS
FUND NAME (AS APPLICABLE) Y-CLASS SHARES
--------- ------------------------- --------------
Telecommunications Fund 0.25%
Transportation Fund 0.25%
Utilities Fund 0.25%
Commodities Strategy Fund 0.25%
U.S. Long Short Momentum Fund 0.25%
Multi-Hedge Strategies Fund 0.25%
S&P 500 Fund 0.25%
Xxxxxxx 2000(R) Fund 0.25%
All-Asset Moderate Strategy Fund 0.25%
All-Asset Conservative Strategy Fund 0.25%
All-Asset Aggressive Strategy Fund 0.25%
Managed Futures Strategy Fund 0.25% 0.20%
High Yield Strategy Fund 0.25%
Inverse High Yield Strategy Fund 0.25%
International Long Short Select Fund 0.25%
Japan 2x Strategy Fund 0.25%
Alternative Strategies Allocation Fund 0.25%
Long/Short Commodities Strategy Fund 0.25% 0.20%
Equity Market Neutral Fund 0.25%
Event Driven and Distressed Strategies Fund 0.25%
Alternative Strategies Fund 0.25%
Long Short Equity Strategy Fund 0.25%
Long Short Interest Rate Strategy Fund 0.25%
International 2x Strategy Fund 0.25%
Inverse International 2x Strategy Fund 0.25%
Emerging Markets 2x Strategy Fund 0.25%
Inverse Emerging Markets 2x Strategy Fund 0.25%
GLOBAL MACRO FUND 0.25%
MANAGED FUTURES ALPHA FUND 0.25%
ADDITIONS ARE NOTED IN BOLD
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 7th day of December 2010.
RYDEX SERIES FUNDS
By: /s/ Xxxxxxx X. Xxxxxxx
----------------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: President
RYDEX FUND SERVICES, LLC
By: /s/ Xxxx Xxxxx
----------------------------------------
Name: Xxxx Xxxxx
Title: President and Chief Executive Officer
