RYDEX ETF TRUST Four Irvington Centre 805 King Farm Boulevard, Suite 600 Rockville, MD 20850

Exhibit H11

EXECUTION COPY

RYDEX ETF TRUST
Four Irvington Centre
000 Xxxx Xxxx Xxxxxxxxx, Xxxxx 000
Xxxxxxxxx, XX 00000

July 15, 0000

Xxxxx Xxxxxx Xxxx and Trust Company
000 Xxxxxxx Xxxxxx, XXX0X
Xxxxxx, XX 00000
Attention: Xxxxxxx X. Xxxxxxxxxxx, Senior Vice President

Ladies and Gentlemen:

     Reference is made to the Transfer Agency and Service Agreement between Rydex ETF Trust (the “Fund”) and State Street Bank and Trust Company (“State Street”) dated as of May 3, 2005, including Schedule A thereto (as amended, the “Agreement”).

     Pursuant to the Agreement, this letter is to provide written notice to State Street of the Fund’s desire to include the following two (2) as additional funds (the “Additional Funds”) as additional Portfolios under the Agreement:

Rydex S&P MidCap 400 Equal Weight ETF
Rydex S&P SmallCap 600 Equal Weight ETF

[Remainder of Page Intentionally Left Blank]

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     In accordance with the Additional Funds provision of Section 11 of the Agreement, we request that State Street confirm that it will act as Transfer Agent with respect to the Additional Funds and that Schedule A to the Agreement be amended in its entirety and replaced with a new Schedule A annexed hereto.

     Please indicate your acceptance of the foregoing by executing two copies of this Agreement, returning one to the Fund and retaining one copy for your records.

		Very truly yours,
		RYDEX ETF TRUST
		By:		/s/ Xxxx Xxxxx
		Name:		Xxxx Xxxxx
		Title:		VP & Treasurer
		Accepted:
		STATE STREET BANK AND TRUST COMPANY
		By:		/s/ Xxxxxxx X. Xxxxxx
		Name:		Xxxxxxx X. Xxxxxx
		Title:		Executive Vice President

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SCHEDULE A
To Transfer Agency and Service Agreement dated May 3, 2005

Effective as of July 25, 2011

Rydex Xxxxxxx Top 50 ETF
Rydex S&P Equal Weight ETF
Rydex S&P 500 Pure Value ETF
Rydex S&P 500 Pure Growth ETF
Rydex S&P MidCap 400 Pure Value ETF
Rydex S&P MidCap 400 Pure Growth ETF
Rydex S&P SmallCap 600 Pure Value ETF
Rydex S&P SmallCap 600 Pure Growth ETF
Rydex S&P Equal Weight Consumer Discretionary ETF
Rydex S&P Equal Weight Consumer Staples ETF
Rydex S&P Equal Weight Energy ETF
Rydex S&P Equal Weight Financial ETF
Rydex S&P Equal Weight Health Care ETF
Rydex S&P Equal Weight Industrial ETF
Rydex S&P Equal Weight Materials ETF
Rydex S&P Equal Weight Technology ETF
Rydex S&P Equal Weight Utilities ETF
Rydex 2x S&P 000 XXX
Xxxxx Xxxxxxx 0x S&P 500 ETF
Rydex MSCI EAFE Equal Weight ETF
Rydex MSCI Emerging Markets Equal Weight ETF
Rydex MSCI ACWI Equal Weight ETF
Rydex Xxxxxxx Xxxxxx Equal Weight ETF
Rydex Xxxxxxx 1000^® Equal Weight ETF
Rydex Xxxxxxx 2000^® Equal Weight ETF
Rydex S&P MidCap 400 Equal Weight ETF
Rydex S&P SmallCap 600 Equal Weight ETF

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