AMENDMENT, DATED MAY 23, 2005 TO THE SERVICE AGREEMENT BETWEEN RYDEX SERIES FUNDS AND RYDEX FUND SERVICES, INC., AS AMENDED AND RESTATED NOVEMBER 15, 2004, AS AMENDED
Exhibit H2
AMENDMENT,
DATED MAY 23, 2005
TO THE
SERVICE AGREEMENT
BETWEEN RYDEX SERIES FUNDS
AND RYDEX FUND SERVICES, INC.,
AS AMENDED AND RESTATED NOVEMBER 15, 2004,
AS AMENDED
AMENDMENT TO
AMENDED AND RESTATED
SERVICE AGREEMENT
BETWEEN
RYDEX SERIES FUNDS
AND
RYDEX FUND SERVICES, INC.
The following Amendment is made to Section 4 of the Amended and Restated Service
Agreement between the Trust and the Servicer, and is hereby incorporated into
and made a part of the Amended and Restated Service Agreement:
Section 4 of the Amended and Restated Service Agreement is amended,
effective May 23, 2005, 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 U.S. GOVERNMENT BOND FUND
0.20% of Assets
THE 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 OTC 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 URSA MASTER FUND
0.0% of Assets
THE OTC 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 INVERSE MID-CAP MASTER FUND
0.0% of Assets
THE INVERSE SMALL-CAP MASTER FUND
0.0% 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 S&P DIVERSIFIED TRENDS FUND
0.25% of Assets
THE RYDEX STRENGTHENING DOLLAR FUND
0.25% OF ASSETS
THE RYDEX WEAKENING DOLLAR FUND
0.25% OF ASSETS
THE BANKING FUND
0.25% of Assets
THE BASIC MATERIALS FUND
0.25% of Assets
THE BIOTECHNOLOGY FUND
0.25% of Assets
THE CONSUMER PRODUCTS FUND
0.25% of Assets
THE ELECTRONICS FUND
0.25% of Assets
THE ENERGY FUND
0.25% of Assets
THE ENERGY SERVICE FUND
0.25% of Assets
THE FINANCIAL SERVICES FUND
0.25% of Assets
THE HEALTH CARE FUND
0.25% of Assets
THE INTERNET FUND
0.25% of Assets
THE LEISURE FUND
0.25% of Assets
THE PRECIOUS METALS FUND
0.25% of Assets
THE REAL ESTATE FUND
0.25% of Assets
THE RETAILING FUND
0.25% of Assets
THE TECHNOLOGY FUND
0.25% of Assets
THE TELECOMMUNICATIONS FUND
0.25% of Assets
THE TRANSPORTATION FUND
0.25% of Assets
THE UTILITIES FUND
0.25% of Assets
THE COMMODITIES FUND
0.25% OF ASSETS
THE SECTOR ROTATION FUND
0.25% of Assets
THE CORE EQUITY FUND
0.25% of Assets
THE MODERN MARKETS MULTI-STRATEGY FUND
0.25% OF ASSETS
THE MODERN MARKETS MARKET NEUTRAL FUND
0.25% OF ASSETS
THE MODERN MARKETS LONG/SHORT FUND
0.25% OF ASSETS
ADDITIONS AND [DELETIONS] ARE NOTED IN BOLD.
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 23rd day of May, 2005.
RYDEX SERIES FUNDS
By: /s/ Xxxx X. Xxxxxxxxxxx
Name: Xxxx X. Xxxxxxxxxxx
Title: President
RYDEX FUND SERVICES, INC.
By: /s/ Xxxx X. Xxxxxxxxxxx
Name: Xxxx X. Xxxxxxxxxxx
Title: President
