0001193125-14-350505 Sample Contracts

AMENDMENT TO THE FUND ACCOUNTING AND ADMINISTRATION AGREEMENT DATED ARPIL 30, 2014 BETWEEN GUGGENHEIM VARIABLE FUNDS TRUST AND RYDEX FUND SERVICES, LLC
Fund Accounting and Administration • September 24th, 2014 • Guggenheim Variable Funds Trust

The following amendment (the “Amendment”) is made to Fund Accounting and Administration Agreement between Guggenheim Variable Funds Trust (the “Trust”) and Rydex Fund Services, LLC (“RFS”), dated April 30, 2014, as amended from time to time (the “Agreement”), and is hereby incorporated into and made a part of the Agreement:

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AMENDMENT TO THE TRANSFER AGENCY AGREEMENT DATED ARPIL 30, 2014 BETWEEN GUGGENHEIM VARIABLE FUNDS TRUST AND RYDEX FUND SERVICES, LLC
The Transfer Agency Agreement • September 24th, 2014 • Guggenheim Variable Funds Trust

The following amendment (the “Amendment”) is made to the Transfer Agency Agreement between Guggenheim Variable Funds Trust (the “Trust”) and Rydex Fund Services, LLC (“RFS”), dated April 30, 2014, as amended from time to time (the “Agreement”), and is hereby incorporated into and made a part of the Agreement:

INVESTMENT ADVISORY CONTRACT
Investment Advisory Contract • September 24th, 2014 • Guggenheim Variable Funds Trust

THIS AGREEMENT, made and entered into this 22nd day of September 2014, by and between GUGGENHEIM VARIABLE FUNDS TRUST, a Delaware statutory trust (hereinafter referred to as the “Trust”), and SECURITY INVESTORS, LLC, a Kansas limited liability company (hereinafter referred to as the “Management Company”).

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