INVESTMENT SUB-ADVISORY AGREEMENTInvestment Sub-Advisory Agreement • April 29th, 2008 • Rydex Variable Trust • Maryland
AGREEMENT made as of this 14th day of March, 2008 by and between PADCO Advisors II, Inc., a Maryland corporation and a federally registered investment adviser (“Advisor”), and Valu-Trac Investment Management Limited, a limited company incorporated in England and a federally registered investment adviser (“Sub-Advisor”).
