AMENDMENT DATED AUGUST 28, 2006
TO THE ADVISORY AGREEMENT
BETWEEN RYDEX ETF TRUST
AND PADCO ADVISORS II, INC.
DATED APRIL 30, 2004,
AS AMENDED
AMENDMENT TO
SCHEDULE A
TO THE
ADVISORY AGREEMENT
DATED APRIL 30, 2004, AS AMENDED,
BETWEEN
RYDEX ETF TRUST
AND
PADCO ADVISORS II, INC.
The following amendment is made to Schedule A of the Advisory Agreement between
Rydex ETF Trust (the "Trust") and PADCO Advisors II, Inc. (the "Adviser"), dated
April 30, 2004, as amended to date (the "Agreement"), and is hereby incorporated
into and made a part of the Agreement:
Schedule A of the Agreement is amended, effective August 28, 2006, to read as
follows:
The Trust will pay to the Adviser as compensation for the Adviser's services
rendered, a fee, computed daily at an annual rate based on the average daily net
assets of the respective Fund in accordance with the following fee schedule:
FUND RATE
Xxxxx X&X Equal Xxxxxx ETF... 0.40%
Xxxxx Xxxxxxx Top 50 ETF.......... 0.20%
Rydex S&P 500 Pure Growth ETF 0.35%
Rydex S&P 500 Pure Value ETF.. 0.35%
Rydex S&P MidCap 400 Pure Growth ETF 0.35%
Rydex S&P MidCap 400 Pure Value ETF 0.35%
Rydex S&P SmallCap 600 Pure Growth ETF 0.35%
Rydex S&P SmallCap 600 Pure Value ETF 0.35%
RYDEX S&P EQUAL WEIGHT CONSUMER DISCRETIONARY ETF 0.50%
RYDEX S&P EQUAL WEIGHT CONSUMER STAPLES ETF 0.50%
RYDEX S&P EQUAL WEIGHT ENERGY ETF 0.50%
RYDEX S&P EQUAL WEIGHT FINANCIALS ETF 0.50%
RYDEX S&P EQUAL WEIGHT HEALTH CARE ETF 0.50%
RYDEX S&P EQUAL WEIGHT INDUSTRIALS ETF 0.50%
RYDEX S&P EQUAL WEIGHT MATERIALS ETF 0.50%
RYDEX S&P EQUAL WEIGHT TECHNOLOGY ETF 0.50%
RYDEX S&P EQUAL WEIGHT UTILITIES ETF 0.50%
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 28th day of August, 2006.
RYDEX ETF TRUST
By: /s/Xxxx X. Xxxxxxxxxxx
-----------------------
Name: Xxxx X. Xxxxxxxxxxx
Title: President
PADCO ADVISORS II, INC.
By: /s/Xxxx X. Xxxxxxxxxxx
-----------------------
Name: Xxxx X. Xxxxxxxxxxx
Title: Chief Executive Officer
