<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0101</schemaVersion>

    <submissionType>EFFECT</submissionType>

    <act>33</act>

    <testOrLive>LIVE</testOrLive>

    <effectiveData>
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        <accessionNumber>0000950123-10-025607</accessionNumber>
        <submissionType>485APOS</submissionType>
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            <entityName>RYDEX SERIES FUNDS</entityName>
            <fileNumber>033-59692</fileNumber>
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                    <seriesName>Managed Futures Strategy Fund</seriesName>
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                <existing>
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                    <seriesName>Long/Short Commodities Strategy Fund</seriesName>
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                    <classContractName>Y-Class Shares</classContractName>
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            </seriesClassContractData>
        </filer>
    </effectiveData>
</edgarSubmission>
