Amended And Restated Services Agreement

The following amendment is applied to Section 4 of the amended and adapted Service Agreement between Rydex Series Funds (the « Trust ») and Rydex Fund Services, LLC (the « Servicer ») as amended (the « Agreement ») is included in the Agreement and is part of the Agreement: FATHOM Services are provided in accordance with fathom Operations Scope of Service (SOS), summarized below as essential services and responsibilities. The customer must never have a lower level of service with fewer services and/ or responsibilities than indicated here, unless the customer grants its explicit written permission, which must not be inappropriately denied. In addition, changes to the SOS document must not prevent the customer from fulfilling its legal obligations, defined by federal, state or local laws, rules or regulations, or by a supervisory authority applicable to the customer. In the event of an opposition between this document and the SOS document, the SOS has control, unless it is a specific contractual clause. The SOS can be updated during the term of the contract to incorporate additional industry best practices as they become available. At the customer`s request, any additional changes and/or services requested may be subject to this Service Agreement (« Agreement ») of 1 May 2000 and newly defined on 4 May 2000. On September 27, 2014 between Rydex Dynamic Funds (« Trust »), a Delaware Business Trust headquartered at 805 King Farm Boulevard, Rockville, MD 20850, and Rydex Fund Services, LLC (« RFS »), a Kansas limited liability company, based at 805 King Farm Boulevard, Rockville, MD 20850.