SHAREHOLDER SERVICES AGREEMENT
RYDEX FUNDS
In consideration of the covenants and agreements contained herein,
Rydex Distributors, Inc. (the "Distributor") agrees to compensate [FIRM NAME]
("Agent") for the services set forth below, and Agent agrees to provide such
services.
SECTION 1. Agent will provide one or more of the following services to
customers of the Agent ("Customers") who may from time to time invest in shares
of the Funds listed on Exhibit A, as may be amended from time to time
("Shares"):
(i) establishing and maintaining accounts and records relating to
Customers that invest in Shares;
(ii) arranging for bank wires;
(iii) responding to Customer inquiries relating to the services
performed by the Agent;
(iv) responding to inquiries from Customers concerning their investment
in Shares;
(v) assisting Customers in changing dividend options, account
designations and addresses;
(vi) providing information periodically to Customers showing their
position in Shares;
(vii) forwarding shareholder communications from the Funds (such as
proxies, shareholder reports, annual and semi-annual reports, and
dividend distribution and tax notices) to Customers;
(viii) processing purchase, exchange and redemption requests on behalf of
Customers and placing such orders with the Fund's transfer agent;
(ix) providing sub-accounting with respect to Shares owned of record or
beneficially by Customers; and
(x) processing dividend payments from the Funds on behalf of
Customers.
SECTION 2. Agent represents that it (a) has in place anti-money
laundering procedures to the extent required by law; (b) shall take all
reasonable steps to determine (i) the true identity of its Customers, (ii) the
source of its Customers' funds, and (iii) that its Customers are not involved in
money laundering activities; (c) shall comply with any other "know your
customer" requirements under applicable law; and (d) shall monitor its
Customers' transactions in order to detect attempted or actual money laundering
involving Shares. Agent further agrees to notify the Distributor of any
suspicious activity relating to transactions involving Shares to the extent
permitted by applicable law. Upon the reasonable request of the Funds or the
Distributor, Agent agrees to promptly provide documentation relating to its
anti-money laundering program established to the extent required by law.
SECTION 3. Agent will provide all office space and equipment, telephone
facilities and personnel (which may be part of the space, equipment and
facilities currently used in Agent's business, or any personnel employed by
Agent) as may be reasonably necessary or beneficial in order to fulfill its
responsibilities under this Agreement.
SECTION 4. Neither Agent nor any of its officers, employees, or agents
is authorized to make any representations concerning the Funds, the Shares or
the trusts, as listed in Exhibit A, as may be amended from time to time
("Trusts"), except those contained in the Funds' then-current prospectus or
Statement of Additional Information, copies of which will be supplied to Agent,
or in such supplemental literature or advertising as may be authorized in
writing by the Distributor. No person is authorized to distribute any sales
material relating to the Funds without the prior written approval of the
Distributor.
1
SECTION 5. For purposes of this Agreement, Agent will be deemed to be
an independent contractor, and will have no authority to act as agent for the
Funds or the Trusts in any matter or in any respect.
SECTION 6. The Distributor shall be under no liability to Agent
hereunder except for its failure to exercise good faith in discharging the
obligations expressly assumed by it hereunder. In carrying out its obligations,
Agent agrees to act in good faith and without negligence. By its written
acceptance of this Agreement, Agent agrees to and does release, indemnify and
hold harmless the Distributor and the Funds and their respective successors and
assigns, each of their respective officers and directors, and each person who
controls either the Distributor or the Funds within the meaning of Section 15 of
the Securities Act of 1933 (the "Securities Act") against any loss, liability,
claim, damages or expense (including reasonable attorneys' fees and expenses)
arising by reason of (1) any direct or indirect actions or inactions of or by
Agent or its officers, employees or agents regarding your responsibilities
hereunder, (ii) the purchase, redemption, transfer or registration of Shares (or
orders relating to the same) by Customers or (iii) any breach of the provisions
of this Agreement by Agent or its successors or permitted assigns. Nothing
contained in this Agreement is intended to operate as a waiver by the
Distributor or Agent of compliance with any provision of the Investment Company
Act of 1940 (the "Investment Company Act"), the Securities Act, the Securities
Exchange Act of 1934, as amended, the Investment Advisers Act of 1940, or the
rules and regulations promulgated by the Securities and Exchange Commission
thereunder.
SECTION 7. Agent and its officers and employees will, upon request, be
available during normal business hours to consult with representatives of the
Distributor, the Trusts or their designees concerning the performance of Agent's
responsibilities under this Agreement.
SECTION 8. Agent agrees to comply with the provisions contained in the
Securities Act governing the delivery of a Prospectus to Customers. If Agent
holds Shares as a record owner for Agent's Customers, Agent further agrees to
deliver, upon our request, copies of any amended Prospectus to persons whose
Shares you are holding as record owner.
SECTION 9. Agent represents that its has been duly authorized by proper
corporate action to enter into this Agreement and to perform its obligations
hereunder, evidence of which has been properly maintained and made part of its
corporate records and further represents that it possesses the legal authority
to perform the services contemplated by this Agreement without violating
applicable law (and this Agreement shall automatically terminate in the event
that Agent no longer possesses such authority). Agent agrees that it will not
offer or sell Shares in violation of applicable law.
SECTION 10. Agent will (i) maintain all records required by law to be
kept by Agent relating to transactions in Shares and, upon request by the Funds,
promptly make such records available to the Funds as the Funds may reasonably
request in connection with their operations and (ii) promptly notify the Funds
if Agent experiences any difficulty in maintaining the records described in the
foregoing clauses in an accurate and complete manner. If Agent holds Shares as a
record owner for Agent's Customers, Agent will be responsible for maintaining
all necessary books and Customer account records which reflect their beneficial
ownership of Shares, which records shall specifically reflect that Agent is
holding Shares as agent, custodian or nominee for Agent's Customers.
SECTION 11. In consideration of the services and facilities to be
provided by Agent, each Fund will pay to Agent a fee, as agreed from time to
time, at an annual rate in Schedule B to this Agreement, which fee will be
computed daily and paid monthly. Agent acknowledges that any compensation to be
paid to it by the Distributor shall be paid from proceeds paid to the
Distributor by the Funds and, to the extent the Distributor does not receive
such proceeds for any reason, the amounts payable to Agent will
2
be reduced accordingly. In addition, Distributor may waive all or any portion of
its fee from time to time and, to the extent the Distributor waives such fee or
any reason, the amounts payable to Agent will be reduced accordingly. Agent may
waive all or any portion of its fee from time to time. In some circumstances, as
determined by the Distributor, you may not receive shareholder servicing fees
for assets with financial intermediaries where the Distributor has entered into
an agreement with the financial intermediaries directly. Each Trust may, in its
discretion and without notice, suspend or withdraw the sale of Shares of any
Fund, including the sale of Shares for the account of any Customer(s).
SECTION 12. The Distributor may enter into other similar servicing
agreements with any other person or persons without the consent of Agent.
SECTION 13. This Agreement contains the entire understanding of the
parties hereto with respect to the subject matter contained herein and
supersedes all previous agreements. This Agreement shall be binding upon the
parties hereto when signed by Agent and accepted by the Distributor. This
Agreement may be amended by the Distributor at any time by written notice to
Agent. Agent's continued performance of services under this Agreement or
accepting payment of any kind after the effective date and receipt of notice of
such amendment shall constitute Agent's acceptance of such amendment.
SECTION 14. This Agreement will become effective on the date a fully
executed copy of this Agreement is received by the Distributor and shall
continue until terminated by either party. This Agreement is terminable with
respect to any class of Shares of any Fund, without penalty, upon ten (10) days'
notice to the other party. In addition, this Agreement shall also automatically
terminate immediately, without penalty, in the event the Trust terminates the
shareholder servicing plan with respect to any Fund or class thereof.
SECTION 15. All notices and other communications to either the
Distributor or Agent will be duly given if mailed, faxed, or transmitted by
similar communications device to the appropriate address stated below, or to
such other address as either party shall so provide the other.
SECTION 16. This Agreement will be construed in accordance with the
laws of the State of Maryland and may not be assigned, as defined in Section
2(a)(4) the Investment Company Act, by either party hereto without the written
consent of the other party.
SECTION 17. References to "Rydex," each Trust, and the "Trustees" of
each Trust and refer respectively to such Trust created and the Trustees as
trustees, but not individually or personally, acting from time to time under the
Declaration of Trust of each respective Trust, a copy of which is on file with
the U.S. Securities and Exchange Commission and at the Secretary of State of the
State of Delaware and at such Trust's principal office. The obligations of each
Trust entered into in the name or on behalf thereof by any of the Trustees,
officers, representatives, or agents are made not individually, but in such
capacities, and are not binding upon any of the Trustees, shareholders,
officers, representatives, or agents of such Trust personally. Further, any
obligations of each Trust with respect to any one Fund shall not be binding upon
any other Fund.
3
By their signatures, the Distributor and Agent agree to the terms of this
Agreement.
RYDEX DISTRIBUTORS, INC.
Signature: ____________________________
Print Name: _____________________________
Title: __________________________________
Date: _________________________________
Agreed to and accepted by:
Signature: ____________________________
Print Name: ___________________________
Title: _________________________________
Firm Name: [FIRM NAME]
Date: _________________________________
To enable the processing of this Agreement, please provide the following
information. This information is being solicited in order for the Distributor
and the Funds to comply with applicable anti-money laundering laws and
regulations. Failure to complete the following will delay, and possibly prevent,
the Distributor from processing this Agreement.
Agent's Principal Address:
Agent's Primary Telephone Number:
Agent's SEC Registration Number:
Agent's Tax Identification Number (TIN):
4
SCHEDULE A DATED 1/26/2010 TO THE
SHAREHOLDER SERVICES AGREEMENT
BETWEEEN RYDEX DISTRIBUTORS, INC. AND [FIRM NAME]
LIST OF APPLICABLE FUNDS AND AUTHORIZED SHARE CLASSES
-------------------------------------------------------------------------------------------------
INVESTOR/H CLASS ADVISOR CLASS A CLASS C CLASS
------------------------------------------------------------------------------------------------------------------------------------
FUND NAME FINRA FINRA FINRA FINRA
SYMBOL CUSIP FUND ID SYMBOL CUSIP FUND ID SYMBOL CUSIP FUND ID SYMBOL CUSIP FUND ID
------------------------------------------------------------------------------------------------------------------------------------
All-Asset Aggressive Strategy RYGHX 00000X000 274 RYGGX 00000X000 774 RYGEX 00000X000 874
------------------------------------------------------------------------------------------------------------------------------------
All-Asset Conservative Strategy RYEPX 00000X000 272 RYEOX 00000X000 772 RYEEX 00000X000 872
------------------------------------------------------------------------------------------------------------------------------------
All-Asset Moderate Strategy RYMLX 00000X000 273 RYMOX 00000X000 773 RYMYX 00000X000 873
------------------------------------------------------------------------------------------------------------------------------------
All-Cap Opportunity RYSRX 00000X000 258 RYAMX 00000X000 758 RYISX 00000X000 858
------------------------------------------------------------------------------------------------------------------------------------
Alternative Strategies Allocation RYFOX 00000X000 280 RYFDX 00000X000 780 RYFFX 00000X000 880
------------------------------------------------------------------------------------------------------------------------------------
Banking RYKIX 783554868 242 RYKAX 783554876 342 RYBKX 00000X000 742 RYKCX 783554314 842
------------------------------------------------------------------------------------------------------------------------------------
Basic Materials RYBIX 783554843 235 RYBAX 783554850 335 RYBMX 00000X000 735 RYBCX 783554298 835
------------------------------------------------------------------------------------------------------------------------------------
Biotechnology RYOIX 783554827 000 XXXXX 783554835 343 RYBOX 00000X000 743 RYCFX 783554280 843
------------------------------------------------------------------------------------------------------------------------------------
Commodities Strategy RYMBX 00000X000 265 RYMEX 00000X000 765 RYMJX 00000X000 865
------------------------------------------------------------------------------------------------------------------------------------
Consumer Products RYCIX 783554793 236 RYCAX 783554819 336 RYPDX 00000X000 000 XXXXX 783554272 836
------------------------------------------------------------------------------------------------------------------------------------
Dow 2x Strategy RYCVX 00000X000 248 RYLDX 00000X000 748 RYCYX 00000X000 848
------------------------------------------------------------------------------------------------------------------------------------
Electronics RYSIX 783554777 244 RYSAX 783554785 344 RYELX 00000X000 744 RYSCX 783554264 844
------------------------------------------------------------------------------------------------------------------------------------
Energy RYEIX 783554751 231 RYEAX 783554769 331 RYENX 00000X000 731 RYECX 783554256 831
------------------------------------------------------------------------------------------------------------------------------------
Energy Services RYVIX 783554736 241 RYVAX 783554744 341 RYESX 00000X000 741 RYVCX 783554249 841
------------------------------------------------------------------------------------------------------------------------------------
Europe 1.25x Strategy RYEUX 783554447 201 RYAEX 00000X000 701 RYCEX 783554116 801
------------------------------------------------------------------------------------------------------------------------------------
Financial Services RYFIX 783554710 232 RYFAX 783554728 332 RYFNX 00000X000 732 RYFCX 783554231 832
------------------------------------------------------------------------------------------------------------------------------------
Global 130/30 Strategy RYQMX 00000X000 259 RYASX 00000X000 759 RYQCX 00000X000 859
------------------------------------------------------------------------------------------------------------------------------------
Global Market Neutral RYGNX 00000X000 282 RYGAX 00000X000 782 RYGMX 00000X000 882
------------------------------------------------------------------------------------------------------------------------------------
Govt Long Bond 1.2x Strategy RYGBX 783554504 212 RYADX 00000X000 312 RYABX 00000X000 712 RYCGX 783554330 812
------------------------------------------------------------------------------------------------------------------------------------
Health Care RYHIX 783554686 233 RYHAX 783554694 333 RYHEX 00000X000 733 RYHCX 783554223 833
------------------------------------------------------------------------------------------------------------------------------------
Xxxx Xxxxx Xxxxxxxx XXXXX 00000X000 276 RYHDX 00000X000 776 RYHHX 00000X000 876
------------------------------------------------------------------------------------------------------------------------------------
International Opportunity RYFHX 00000X000 278 RYFRX 00000X000 778 RYFWX 00000X000 878
------------------------------------------------------------------------------------------------------------------------------------
Internet RYIIX 783554496 245 RYIAX 783554488 345 RYINX 00000X000 745 RYICX 783554215 845
------------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxx 0x Xxxxxxxx XXXXX 00000X000 249 RYIDX 00000X000 749 RYCZX 00000X000 849
------------------------------------------------------------------------------------------------------------------------------------
Inverse Govt Long Bond Strategy RYJUX 783554702 214 RYJAX 00000X000 314 RYAQX 00000X000 714 RYJCX 783554322 814
------------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxx Xxxxx Xxxxxxxx XXXXX 00000X000 277 RYILX 00000X000 777 RYIYX 00000X000 877
------------------------------------------------------------------------------------------------------------------------------------
Inverse Mid Cap Strategy RYMHX 00000X000 255 RYAGX 00000X000 755 RYCLX 00000X000 855
------------------------------------------------------------------------------------------------------------------------------------
Inverse NASDAQ-100(R) 2x Strategy RYVNX 783554397 230 RYVTX 00000X000 730 RYCDX 00000X000 830
------------------------------------------------------------------------------------------------------------------------------------
Inverse NASDAQ-100(R) Strategy RYAIX 783554512 220 RYAAX 00000X000 320 RYAPX 00000X000 720 RYACX 783554348 820
------------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 0000 0x Xxxxxxxx XXXXX 00000X000 271 RYIUX 00000X000 771 RYIZX 00000X000 871
------------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx Xxxxxxx 0000 Strategy RYSHX 00000X000 250 RYAFX 00000X000 750 RYCQX 00000X000 850
------------------------------------------------------------------------------------------------------------------------------------
Inverse S&P 500 2x Strategy RYTPX 783554421 227 RYTMX 00000X000 727 RYCBX 00000X000 827
------------------------------------------------------------------------------------------------------------------------------------
Inverse S&P 500 Strategy RYURX 783554405 217 RYUAX 783554538 317 RYARX 00000X000 717 RYUCX 783554363 817
------------------------------------------------------------------------------------------------------------------------------------
Japan 2x Strategy RYJHX 00000X000 279 RYJSX 00000X000 779 RYJTX 00000X000 879
------------------------------------------------------------------------------------------------------------------------------------
Leisure RYLIX 783554660 237 RYLAX 783554678 337 RYLSX 00000X000 737 RYLCX 783554199 837
------------------------------------------------------------------------------------------------------------------------------------
Long/Short Commodities Strategy RYLFX 00000X000 281 RYLBX 00000X000 781 RYLEX 00000X000 881
------------------------------------------------------------------------------------------------------------------------------------
Managed Futures Strategy RYMFX 00000X000 275 RYMTX 00000X000 775 RYMZX 00000X000 875
------------------------------------------------------------------------------------------------------------------------------------
Mid Cap 1.5x Strategy RYMDX 00000X000 204 RYAHX 00000X000 704 RYDCX 00000X000 804
------------------------------------------------------------------------------------------------------------------------------------
Money Market RYMXX 783554306 000 XXXXX 783554561 310 RYAXX 00000X000 710 RYCXX 00000X000 810
------------------------------------------------------------------------------------------------------------------------------------
Multi-Hedge Strategies RYMSX 00000X000 267 RYMQX 00000X000 767 RYMRX 00000X000 867
------------------------------------------------------------------------------------------------------------------------------------
NASDAQ-100(R) RYOCX 783554603 218 RYAOX 783554520 318 RYATX 00000X000 718 RYCOX 783554355 818
------------------------------------------------------------------------------------------------------------------------------------
NASDAQ-100(R) 2x Strategy RYVYX 783554413 228 RYVLX 00000X000 728 RYCCX 00000X000 828
------------------------------------------------------------------------------------------------------------------------------------
Nova RYNVX 783554108 215 RYNAX 783554546 315 RYANX 00000X000 715 RYNCX 783554371 815
------------------------------------------------------------------------------------------------------------------------------------
Precious Metals RYPMX 783554207 216 RYMPX 00000X000 316 RYMNX 00000X000 716 RYZCX 783554181 816
------------------------------------------------------------------------------------------------------------------------------------
Real Estate RYHRX 00000X000 000 XXXXX 00000X000 747 RYCRX 00000X000 847
------------------------------------------------------------------------------------------------------------------------------------
Retailing RYRIX 783554645 238 RYRAX 783554652 338 RYRTX 00000X000 738 RYRCX 783554173 838
------------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx 0000 XXXXX 00000X000 269 RYRRX 00000X000 769 RYROX 00000X000 869
------------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx 2000 1.5x Strategy RYMKX 783554389 203 RYAKX 00000X000 703 RYCMX 00000X000 803
------------------------------------------------------------------------------------------------------------------------------------
Xxxxxxx 2000 2x Strategy RYRSX 00000X000 270 RYRUX 00000X000 770 RYRLX 00000X000 870
------------------------------------------------------------------------------------------------------------------------------------
S&P 500 RYSPX 00000X000 000 XXXXX 00000X000 768 RYSYX 00000X000 868
------------------------------------------------------------------------------------------------------------------------------------
S&P 500 2x Strategy RYTNX 783554439 225 RYTTX 00000X000 725 RYCTX 00000X000 825
------------------------------------------------------------------------------------------------------------------------------------
S&P 500 Pure Growth RYAWX 00000X000 257 RYLGX 00000X000 757 RYGRX 00000X000 857
------------------------------------------------------------------------------------------------------------------------------------
S&P 500 Pure Value RYZAX 00000X000 256 RYLVX 00000X000 756 RYVVX 00000X000 856
------------------------------------------------------------------------------------------------------------------------------------
S&P MidCap 400 Pure Growth RYBHX 00000X000 254 RYMGX 00000X000 754 RYCKX 00000X000 854
------------------------------------------------------------------------------------------------------------------------------------
S&P MidCap 400 Pure Value RYAVX 00000X000 253 RYMVX 00000X000 753 RYMMX 00000X000 853
------------------------------------------------------------------------------------------------------------------------------------
S&P SmallCap 600 Pure Growth RYWAX 00000X000 252 RYSGX 00000X000 752 RYWCX 00000X000 852
------------------------------------------------------------------------------------------------------------------------------------
S&P SmallCap 600 Pure Value RYAZX 00000X000 251 RYSVX 00000X000 751 RYYCX 00000X000 851
------------------------------------------------------------------------------------------------------------------------------------
Strengthening Dollar 2x Strategy RYSBX 00000X000 264 RYSDX 00000X000 764 RYSJX 00000X000 864
------------------------------------------------------------------------------------------------------------------------------------
Technology RYTIX 783554629 234 RYTAX 783554637 334 RYTHX 00000X000 000 XXXXX 783554165 834
------------------------------------------------------------------------------------------------------------------------------------
Telecommunications RYMIX 783554595 239 RYMAX 783554611 339 RYTLX 00000X000 739 RYCSX 783554157 839
------------------------------------------------------------------------------------------------------------------------------------
Transportation RYPIX 783554579 240 RYPAX 783554587 340 RYTSX 00000X000 740 RYCNX 783554140 840
------------------------------------------------------------------------------------------------------------------------------------
Utilities RYUIX 783554470 246 RYAUX 783554462 346 RYUTX 00000X000 746 RYCUX 783554132 846
------------------------------------------------------------------------------------------------------------------------------------
Weakening Dollar 2x Strategy RYWBX 00000X000 263 RYWDX 00000X000 763 RYWJX 00000X000 863
------------------------------------------------------------------------------------------------------------------------------------
5
LIST OF APPLICABLE FUNDS (FORMERLY KNOWN AS THE "SECURITY FUNDS") AND
AUTHORIZED SHARE CLASSES
------------------------------------------------------------------------------------------
CLASS A CLASS C
------------------------------------------------------------------------------------------------------------------------------------
FUND FINRA
FUND NAME FINRA SYMBOL CUSIP ID SYMBOL CUSIP FUND ID
------------------------------------------------------------------------------------------------------------------------------------
All Cap Value SESAX 814219 382 SEVCX 814219 374
------------------------------------------------------------------------------------------------------------------------------------
Alpha Xxxxxxxxxxx XXXXX 000000 481 SAOCX 814219 465
------------------------------------------------------------------------------------------------------------------------------------
Equity SECEX 814219 101 SFECX 814219 846
------------------------------------------------------------------------------------------------------------------------------------
Global SEQAX 814219 309 SFGCX 814219 838
------------------------------------------------------------------------------------------------------------------------------------
Global Institutional --- --- --- ---
------------------------------------------------------------------------------------------------------------------------------------
High Yield SIHAX 814291 878 SIHSX 814291 761
------------------------------------------------------------------------------------------------------------------------------------
Large Cap Value SECIX 814289 104 SEGIX 814289 302
------------------------------------------------------------------------------------------------------------------------------------
Large Cap Value Institutional --- --- --- ---
------------------------------------------------------------------------------------------------------------------------------------
Mid Cap Growth SECUX 815174 107 SUFCX 815174 305
------------------------------------------------------------------------------------------------------------------------------------
Mid Cap Value SEVAX 814219 887 SEVSX 814219 820
------------------------------------------------------------------------------------------------------------------------------------
Mid Cap Value Institutional --- ---
------------------------------------------------------------------------------------------------------------------------------------
Select 25 SEFAX 814219 739 SSSCX 814219 713
------------------------------------------------------------------------------------------------------------------------------------
Small Cap Growth SSCAX 814219 861 SESCX 814219 812
------------------------------------------------------------------------------------------------------------------------------------
Small Cap Value SSUAX 814219 416 SSVCX 814219 390
------------------------------------------------------------------------------------------------------------------------------------
U.S. Intermediate Bond (formerly
Diversified Income) SIUSX 814291 209 SDICX 814291 779
------------------------------------------------------------------------------------------------------------------------------------
6
SCHEDULE B DATED 1/26/2010
TO THE
SHAREHOLDER SERVICES AGREEMENT DATED ________
BETWEEN
RYDEX DISTRIBUTORS, INC.
AND
[FIRM NAME]
SERVICE FEES. The following fees are due and payable monthly pursuant to Section
11 of this Shareholder Services Agreement:
CLASS SERVICE FEES
(PURSUANT TO RULE 12B-1)
Investor None
Advisor 0.25% (25 basis points)
A 0.25% (25 basis points)
C 1.00% (divided into 75 basis points for distribution services
and 25 basis points for shareholder services)
H 0.25% (25 basis points)
In no event will the fee for performing shareholder services exceed 0.25% (25
basis points) of average daily net assets with respect to Advisor Class, A-Class
and C-Class Shares. To the extent the Distributor waives any payments payable to
the Distributor under such Distribution Plan, the amounts payable to you will
also be reduced.
Agreed to and accepted by:
RYDEX DISTRIBUTORS INC. [DEALER FIRM]
Print Name:____________________________ Print Name:_______________________
Title:__________________________________ Title:____________________________
Date: __________________________________ Date: ____________________________
7
SCHEDULE C DATED 1/26/2010
TO THE
SHAREHOLDER SERVICES AGREEMENT DATED ________
BETWEEN
RYDEX DISTRIBUTORS, INC.
AND
[FIRM NAME]
Each Rydex|SGI Fund is registered and its Shares are qualified for sale in the
following states and jurisdictions(1) as of 1/26/2010.
Alabama Montana
Xxxxxx Xxxxxxxx
Arizona New Hampshire
Arkansas New Jersey
California New York
Colorado Nevada
Connecticut New Mexico
Delaware North Carolina
Florida North Dakota
Georgia Ohio
Hawaii Oklahoma
Idaho Oregon
Illinois Pennsylvania
Indiana Puerto Rico
Iowa Rhode Island
Kansas South Carolina
Kentucky South Dakota
Louisiana Tennessee
Maine Texas
Maryland Utah
Massachusetts Vermont
Michigan Virginia
Minnesota Washington
Mississippi West Virginia
Missouri Wisconsin
Wyoming
District of Columbia
Guam(2)
--------------
(1) We assume no responsibility or obligation as to your right to offer or
sell Shares in any state or jurisdiction.
(2) Rydex|SGI Funds formerly known as the "Security Funds" are not qualified
for sale in Guam