AMENDMENT, DATED NOVEMBER 10, 2003, TO SERVICE AGREEMENT BETWEEN RYDEX DYNAMIC FUNDS AND RYDEX FUND SERVICES, INC., DATED MAY 1, 2000
AMENDMENT,
DATED NOVEMBER 10, 2003,
TO
SERVICE AGREEMENT
BETWEEN RYDEX DYNAMIC FUNDS
AND RYDEX FUND SERVICES, INC.,
DATED MAY 1, 2000
AMENDMENT TO
SERVICE AGREEMENT
BETWEEN
RYDEX DYNAMIC FUNDS
AND
RYDEX FUND SERVICES, INC.
The following amendment is made to Section 4 of the Service Agreement
between Rydex Dynamic Funds (the "Trust") and Rydex Fund Services, Inc. (the
"Servicer"), dated May 1, 2000 (the "Agreement"), and is hereby incorporated
into and made a part of the Agreement:
Section 4 of the Agreement is amended, effective November 10,
2003, to read as follows:
"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 ("Assets")
of each of the Trust's series for such month:
Titan 500 Fund
--------------
.25% of Assets
Tempest 500 Fund
----------------
.25% of Assets
Venture 100 Fund
----------------
.25% of Assets
Velocity 100 Fund
-----------------
.25% of Assets
LONG DYNAMIC DOW 30 FUND
------------------------
.25% OF ASSETS
INVERSE DYNAMIC DOW 30 FUND
---------------------------
.25% OF ASSETS
ADDITIONS and [DELETIONS] 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 10th day of November, 2003.
RYDEX DYNAMIC FUNDS
/S/ Xxxxxx X. Xxxxxx, Xx.
------------------------------
By: Xxxxxx X. Xxxxxx, Xx.
Title: President
RYDEX FUND SERVICES, INC.
/S/ Xxxxxx X. Xxxxxx, Xx.
------------------------------
By: Xxxxxx X. Xxxxxx, Xx.
Title: President
