0001193125-12-322802 Sample Contracts

SUB-ADVISER AGREEMENT

Sub-Adviser Agreement • July 30th, 2012 • Rydex Series Funds • Delaware

• Contract Type
  Sub-Adviser Agreement
• Filed
  July 30th, 2012
• Company
  Rydex Series Funds
• Jurisdiction
  Delaware

AGREEMENT made this 1st day of March, 2012 by and between Security Investors, LLC (“Adviser”) and American Independence Financial Services, LLC (the “Sub-Adviser”);

EXPENSE LIMITATION AGREEMENT

Expense Limitation Agreement • July 30th, 2012 • Rydex Series Funds

• Contract Type
  Expense Limitation Agreement
• Filed
  July 30th, 2012
• Company
  Rydex Series Funds

THIS AGREEMENT, dated as of May 16, 2012, is made and entered into by and between Security Investors, LLC (the “Adviser”) and Rydex Series Funds (the “Trust”). This Agreement shall apply to each investment portfolio of the Trust as set forth in Schedule A (each a “Fund” and collectively the “Funds”).