AMENDMENT
DATED FEBRUARY 17, 2006
TO THE
AMENDED AND RESTATED SERVICE AGREEMENT
BETWEEN
RYDEX DYNAMIC FUNDS
AND RYDEX FUND SERVICES, INC.,
DATED NOVEMBER 15, 2004
AMENDMENT
TO THE
AMENDED AND RESTATED
SERVICE AGREEMENT
DATED NOVEMBER 15, 2004
BETWEEN
RYDEX DYNAMIC FUNDS
AND
RYDEX FUND SERVICES, INC.
The following Amendment is made to Section 4 of the Amended and Restated Service
Agreement between Rydex Dynamic 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 February 17, 2006, 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 (a "Fund") for such month:
DYNAMIC S&P 500 FUND (FORMERLY, TITAN 500 FUND)
0.25% of Assets
INVERSE DYNAMIC S&P 500 FUND (FORMERLY, TEMPEST 500 FUND)
0.25% of Assets
INVERSE DYNAMIC OTC FUND (FORMERLY, VENTURE 100 FUND)
0.25% of Assets
DYNAMIC OTC FUND (FORMERLY, VELOCITY 100 FUND)
0.25% of Assets
DYNAMIC DOW FUND (FORMERLY, LONG DYNAMIC DOW 30 FUND)
0.25% of Assets
INVERSE DYNAMIC DOW FUND (FORMERLY, INVERSE DYNAMIC DOW 30 FUND)
0.25% of Assets
LEVERAGED XXXXXXX 2000 FUND
0.25% OF ASSETS
INVERSE XXXXXXX 2000 FUND
0.25% OF ASSETS
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 17th day of February, 2006.
RYDEX DYNAMIC FUNDS
By: /s/ Xxxx X. Xxxxxxxxxxx
------------------------------
Name: Xxxx X. Xxxxxxxxxxx
Title: President
RYDEX FUND SERVICES, INC.
By: /s/ Xxxx X. Xxxxxxxxxxx
------------------------------
Name: Xxxx X. Xxxxxxxxxxx
Title: President
