AMENDMENT, DATED NOVEMBER 10, 2003 TO SERVICE AGREEMENT BETWEEN RYDEX SERIES FUNDS AND RYDEX FUND SERVICES, INC., DATED SEPTEMBER 25, 1996, AS AMENDED
AMENDMENT,
DATED
NOVEMBER 10, 2003
TO
SERVICE AGREEMENT
BETWEEN RYDEX SERIES FUNDS
AND RYDEX FUND SERVICES, INC.,
DATED SEPTEMBER 25, 1996,
AS AMENDED
AMENDMENT TO
SERVICE AGREEMENT
BETWEEN
RYDEX SERIES FUNDS
AND
RYDEX FUND SERVICES, INC.
The following Amendment is made to Section 4 of the Service Agreement between
the Trust and the Servicer, and is hereby incorporated into and made a part of
the Service Agreement:
Section 4 of the Service Agreement is amended, effective November
10, 2003, 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 Rydex U.S. Government Bond Fund
0.20% of Assets
The Rydex 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 Arktos Fund
0.25% of Assets
The Juno Fund
0.25% of Assets
The Nova Master Fund
0.0% of Assets
The OTC Master Fund
0.0% of Assets
The Ursa Master Fund
0.0% of Assets
The Arktos Master Fund
0.0% of Assets
The Juno Master Fund
0.0% of Assets
The Medius Master Fund
0.0% of Assets
The Utilities Master Fund
0.0% of Assets
The Rydex OTC 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 Banking Fund
0.25% of Assets
The Rydex Basic Materials Fund
0.25% of Assets
The Rydex Biotechnology Fund
0.25% of Assets
The Rydex Consumer Products Fund
0.25% of Assets
The Rydex Electronics Fund
0.25% of Assets
The Rydex Energy Fund
0.25% of Assets
The Rydex Energy Service Fund
0.25% of Assets
The Rydex Financial Services Fund
0.25% of Assets
The Rydex Health Care Fund
0.25% of Assets
The Rydex Internet Fund
0.25% of Assets
The Rydex Leisure Fund
0.25% of Assets
The Rydex Precious Metals Fund
0.25% of Assets
The Real Estate Fund
0.25% of Assets
The Rydex Retailing Fund
0.25% of Assets
The Rydex Technology Fund
0.25% of Assets
The Sector Rotation Fund
0.25% of Assets
THE CORE EQUITY FUND
0.25% OF ASSETS
The Rydex Telecommunications Fund
0.25% of Assets
The Rydex Transportation Fund
0.25% of Assets
The Rydex Utilities Fund
0.25% of Assets
ADDITIONS and [DELETIONS] are noted in BOLD.
In the event that this Agreement commences on a date other than on the beginning
of any calendar month, or if this Agreement terminates on a date other than the
end of any calendar month, the fees payable hereunder by the Trust shall be
proportionately reduced according to the number of days during such month that
services were not rendered hereunder by the Servicer."
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 10th day of November, 2003.
RYDEX SERIES FUNDS
/s/ Xxxxxx X. Xxxxxx Xx
-------------------------------
By: Xxxxxx X. Xxxxxx, Xx.
Title: President
RYDEX FUND SERVICES, INC.
/s/ Xxxxxx X. Xxxxxx Xx.
-------------------------------
By: Xxxxxx X. Xxxxxx, Xx.
Title: President
