0001193125-12-196709 Sample Contracts

ADVISORY AGREEMENT
Advisory Agreement • April 30th, 2012 • Rydex Dynamic Funds • Delaware

ADVISORY AGREEMENT made as of this 1st day of March, 2012 by and between RYDEX DYNAMIC FUNDS (the “Trust”), a Delaware statutory trust registered as an investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and SECURITY INVESTORS, LLC, a Kansas limited liability company, with its principal place of business at 805 King Farm Boulevard, Suite 600, Rockville, Maryland 20850 (the “Adviser”).

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DISTRIBUTION AGREEMENT
Distribution Agreement • April 30th, 2012 • Rydex Dynamic Funds • Delaware

THIS AGREEMENT, dated as of March 1, 2012, is entered into by and between RYDEX DYNAMIC FUNDS (the “Trust”), a Delaware business trust and RYDEX DISTRIBUTORS, LLC (the “Distributor”), a Kansas limited liability company.

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