EX-99.H 3 q41708_exh2.txt Q41708_EXH2.TXT AMENDMENT DATED FEBRUARY 16, 2007 TO THE AMENDED AND RESTATED SERVICE AGREEMENT BETWEEN RYDEX SERIES FUNDS AND RYDEX FUND SERVICES, INC., DATED NOVEMBER 15, 2004, AS AMENDED AMENDMENT DATED FEBRUARY 16, 2007 TO THE AMENDED AND RESTATED SERVICE AGREEMENT DATED NOVEMBER 15, 2004, AS AMENDED, 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 Rydex Series Funds (the "Trust") and Rydex Fund Services, Inc. (the "Servicer"), dated November 15, 2004, as amended to date (the "Agreement"), and is hereby incorporated into and made a part of the Agreement: Section 4 of the Agreement is amended, effective May 24, 2006, 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: GOVERNMENT LONG BOND ADVANTAGE FUND (FORMERLY U.S. GOVERNMENT BOND FUND) 0.20% of Assets U.S. GOVERNMENT MONEY MARKET FUND 0.20% of Assets NOVA FUND 0.25% of Assets INVERSE S&P 500 FUND (FORMERLY URSA FUND) 0.25% of Assets OTC FUND 0.25% of Assets INVERSE OTC FUND (FORMERLY ARKTOS FUND) 0.25% of Assets INVERSE GOVERNMENT LONG BOND FUND (FORMERLY JUNO FUND) 0.25% of Assets NOVA MASTER FUND 0.0% of Assets INVERSE S&P 500 MASTER FUND (FORMERLY URSA MASTER FUND) 0.0% of Assets OTC MASTER FUND 0.0% of Assets INVERSE OTC MASTER FUND (FORMERLY ARKTOS MASTER FUND) 0.0% of Assets INVERSE GOVERNMENT LONG BOND MASTER FUND (FORMERLY JUNO MASTER FUND) 0.0% of Assets MID-CAP ADVANTAGE MASTER FUND (FORMERLY MEDIUS MASTER FUND) 0.0% of Assets UTILITIES MASTER FUND 0.0% of Assets INVERSE MID-CAP MASTER FUND 0.0% of Assets INVERSE RUSSELL 2000 MASTER FUND (FORMERLY INVERSE SMALL-CAP MASTER FUND) 0.0% of Assets EUROPE ADVANTAGE FUND (FORMERLY LARGE-CAP EUROPE FUND) 0.25% of Assets JAPAN ADVANTAGE FUND (FORMERLY LARGE-CAP JAPAN FUND) 0.25% of Assets RUSSELL 2000 ADVANTAGE FUND (FORMERLY MEKROS FUND) 0.25% of Assets MID-CAP ADVANTAGE FUND (FORMERLY MEDIUS FUND) 0.25% of Assets LARGE-CAP VALUE FUND 0.25% of Assets LARGE-CAP GROWTH FUND 0.25% of Assets MID-CAP VALUE FUND 0.25% of Assets MID-CAP GROWTH FUND 0.25% of Assets INVERSE MID-CAP FUND 0.25% of Assets SMALL-CAP VALUE FUND 0.25% of Assets SMALL-CAP GROWTH FUND 0.25% of Assets INVERSE RUSSELL 2000 FUND (FORMERLY INVERSE SMALL-CAP FUND) 0.25% of Assets ALL-CAP VALUE FUND 0.25% of Assets DYNAMIC STRENGTHENING DOLLAR FUND (FORMERLY STRENGTHENING DOLLAR FUND) 0.25% of Assets DYNAMIC WEAKENING DOLLAR FUND (FORMERLY WEAKENING DOLLAR FUND) 0.25% of Assets BANKING FUND 0.25% of Assets BASIC MATERIALS FUND 0.25% of Assets BIOTECHNOLOGY FUND 0.25% of Assets CONSUMER PRODUCTS FUND 0.25% of Assets ELECTRONICS FUND 0.25% of Assets ENERGY FUND 0.25% of Assets ENERGY SERVICES FUND 0.25% of Assets FINANCIAL SERVICES FUND 0.25% of Assets HEALTH CARE FUND 0.25% of Assets INTERNET FUND 0.25% of Assets LEISURE FUND 0.25% of Assets PRECIOUS METALS FUND 0.25% of Assets REAL ESTATE FUND 0.25% of Assets RETAILING FUND 0.25% of Assets TECHNOLOGY FUND 0.25% of Assets TELECOMMUNICATIONS FUND 0.25% of Assets TRANSPORTATION FUND 0.25% of Assets UTILITIES FUND 0.25% of Assets COMMODITIES FUND 0.25% of Assets SECTOR ROTATION FUND 0.25% of Assets MULTI-CAP CORE EQUITY FUND (FORMERLY CORE EQUITY FUND) 0.25% of Assets ABSOLUTE RETURN STRATEGIES FUND 0.25% of Assets MARKET NEUTRAL FUND 0.25% of Assets HEDGED EQUITY FUND 0.25% of Assets S&P 500 FUND 0.25% of Assets RUSSELL 2000 FUND 0.25% of Assets EPT MODERATE FUND 0.25% of Assets EPT CONSERVATIVE FUND 0.25% of Assets EPT AGGRESSIVE FUND 0.25% of Assets MANAGED FUTURES STRATEGY FUND 0.25% of Assets HIGH YIELD STRATEGY FUND 0.25% OF ASSETS INVERSE HIGH YIELD STRATEGY FUND 0.25% OF ASSETS ADDITIONS 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 16th day of February, 2007. RYDEX SERIES FUNDS By: /s/ Carl G. Verboncoeur ----------------------- Name: Carl G. Verboncoeur Title: President RYDEX FUND SERVICES, INC. By: /s/ Carl G. Verboncoeur ----------------------- Name: Carl G. Verboncoeur Title: President