AMENDMENT, DATED FEBRUARY 25, 2000, TO SERVICE AGREEMENT BETWEEN RYDEX SERIES TRUST AND PADCO SERVICE COMPANY, INC., DATED SEPTEMBER 25, 1996, AS AMENDED
AMENDMENT,
DATED FEBRUARY 25, 2000,
TO
SERVICE AGREEMENT
BETWEEN RYDEX SERIES TRUST
AND PADCO SERVICE COMPANY, INC.,
DATED SEPTEMBER 25, 1996,
AS AMENDED
AMENDMENT TO
SERVICE AGREEMENT
BETWEEN
RYDEX SERIES TRUST
AND
PADCO SERVICE COMPANY, 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
February 25, 2000, 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 URSA II FUND
0.25% OF ASSETS
THE ARKTOS II FUND
0.25% OF ASSETS
THE JUNO II FUND
0.25% 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 Rydex OTC Fund
0.20% of Assets
THE LARGE-CAP EUROPE FUND
0.25% OF ASSETS
THE LARGE-CAP JAPAN 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
0.20% of Assets
The Rydex Retailing Fund
0.25% of Assets
The Rydex Technology 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 25th day of February 2000.
RYDEX SERIES TRUST
/S/ Xxxxxx X. Xxxxxx, Xx.
--------------------------
By: Xxxxxx X. Xxxxxx, Xx.
Title: President
PADCO SERVICE COMPANY, INC.
/S/ Xxxxxx X. Xxxxxx, Xx.
--------------------------
By: Xxxxxx X. Xxxxxx, Xx.
Title: President
