Exhibit 99.B(h)(7)
FORM OF
AMENDMENT
DATED MAY 23, 2005
TO
AMENDED AND RESTATED SERVICE AGREEMENT
BETWEEN
RYDEX VARIABLE TRUST
AND RYDEX FUND SERVICES, INC.,
DATED NOVEMBER 15, 2004
FORM OF
AMENDMENT TO
AMENDED AND RESTATED
SERVICE AGREEMENT
DATED NOVEMBER 15, 2004
BETWEEN
RYDEX VARIABLE TRUST
AND
RYDEX FUND SERVICES, INC.
The following Amendment is made to Section 4 of the Amended and Restated Service
Agreement between Rydex Variable Trust (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 Service Agreement:
Section 4 of the Service Agreement is amended, effective May 23, 2005, 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:
THE U.S. GOVERNMENT BOND FUND
0.20% of Assets
THE U.S. GOVERNMENT MONEY MARKET FUND
0.20% of Assets
THE NOVA FUND
0.25% of Assets
THE URSA FUND
0.25% of Assets
THE OTC FUND
0.25% of Assets
THE ARKTOS FUND
0.25% of Assets
THE JUNO FUND
0.25% of Assets
THE LARGE-CAP EUROPE FUND
0.25% of Assets
THE LARGE-CAP JAPAN FUND
0.25% of Assets
THE MEKROS FUND
0.25% of Assets
THE MEDIUS FUND
0.25% of Assets
THE LARGE-CAP VALUE FUND
0.25% of Assets
THE LARGE-CAP GROWTH FUND
0.25% of Assets
THE MID-CAP VALUE FUND
0.25% of Assets
THE MID-CAP GROWTH FUND
0.25% of Assets
THE INVERSE MID-CAP FUND
0.25% of Assets
THE SMALL-CAP VALUE FUND
0.25% of Assets
THE SMALL-CAP GROWTH FUND
0.25% of Assets
THE INVERSE SMALL-CAP FUND
0.25% of Assets
THE ALL-CAP VALUE FUND
0.25% of Assets
THE RYDEX S&P DIVERSIFIED TRENDS FUND
0.25% of Assets
THE STRENGTHENING DOLLAR FUND
0.25% OF ASSETS
THE WEAKENING DOLLAR FUND
0.25% OF ASSETS
THE BANKING FUND
0.25% of Assets
THE BASIC MATERIALS FUND
0.25% of Assets
THE BIOTECHNOLOGY FUND
0.25% of Assets
THE CONSUMER PRODUCTS FUND
0.25% of Assets
THE ELECTRONICS FUND
0.25% of Assets
THE ENERGY FUND
0.25% of Assets
THE ENERGY SERVICE FUND
0.25% of Assets
THE FINANCIAL SERVICES FUND
0.25% of Assets
THE HEALTH CARE FUND
0.25% of Assets
THE INTERNET FUND
0.25% of Assets
THE LEISURE FUND
0.25% of Assets
THE PRECIOUS METALS FUND
0.25% of Assets
THE REAL ESTATE FUND
0.25% of Assets
THE RETAILING FUND
0.25% of Assets
THE TECHNOLOGY FUND
0.25% of Assets
THE TELECOMMUNICATIONS FUND
0.25% of Assets
THE TRANSPORTATION FUND
0.25% of Assets
THE UTILITIES FUND
0.25% of Assets
THE COMMODITIES FUND
0.25% OF ASSETS
THE SECTOR ROTATION FUND
0.25% of Assets
THE CORE EQUITY FUND
0.25% of Assets
THE CLS ADVISORONE XXXXXXX VT FUND
0.25% of Assets
THE CLS ADVISORONE CLERMONT VT FUND
0.25% of Assets
THE ABSOLUTE RETURN STRATEGIES FUND
0.25% OF ASSETS
THE MARKET NEUTRAL FUND
0.25% OF ASSETS
THE HEDGED EQUITY 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 23rd day of May, 2005.
RYDEX VARIABLE TRUST
By:
------------------------------
Name: Xxxx X. Xxxxxxxxxxx
Title: President
RYDEX FUND SERVICES, INC.
By:
------------------------------
Name: Xxxx X. Xxxxxxxxxxx
Title: President
