# EDGAR Filing Document

**Accession Number:** 0000899148
**File Stem:** 0000940400-26-023183
**Filing Date:** 2026-6
**Character Count:** 26213
**Document Hash:** 9659e1501cda8cedbd8039ae27d48422
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-023183.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-023183

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RYDEX SERIES FUNDS
- **CENTRAL INDEX KEY:** 0000899148

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07584
- **FILM NUMBER:** 261049285

**BUSINESS ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850
- **BUSINESS PHONE:** 301-296-5100

**MAIL ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RYDEX DYNAMIC FUNDS
- **DATE OF NAME CHANGE:** 20170712

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RYDEX SERIES FUNDS
- **DATE OF NAME CHANGE:** 20000229

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RYDEX SERIES TRUST
- **DATE OF NAME CHANGE:** 19930714

## Series and Classes Contracts Data

### Emerging Markets 2x Strategy Fund (Series ID: S000018291)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000050422 | Class A      | RYWTX           |
| C000050423 | Class C      | RYWUX           |
| C000050424 | Class H      | RYWVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Rydex Series Funds

- **b. Investment Company Act file number:** 811-07584

- **c. CIK number of Registrant:** 0000899148

- **d. LEI of Registrant:** 5493004D62WV1EDNTU07

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 702 KING FARM BOULEVARD

  - **City:** ROCKVILLE

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20850

  - **Telephone number:** 301-296-5100

**Item A.2. Information about the Series.**

- **a. Name of Series:** Emerging Markets 2x Strategy Fund

- **b. EDGAR series identifier (if any):** S000018291

- **c. LEI of Series:** 549300H4ZUX6MBXRD994

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $9685066.08

**Total Liabilities:** $68969.11

**Net Assets:** $9616096.97

**Cash Not Reported:** $1788094.05

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000050423 | 13.66%               | 0.89%                | -18.21%              |
| Class ID C000050424 | 13.74%               | 0.95%                | -18.05%              |
| Class ID C000050422 | 13.74%               | 0.94%                | -18.17%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7.22                    | $438639.75                                 |
| Month 2  | $0.00                    | $29865.97                                  |
| Month 3  | $-377668.90              | $-408860.44                                |

**Designated Index Information**

- **Index Name:** BNY Mellon Emerging Markets 50 ADR Index

- **Index Identifier:** SPBKTEMG

### Schedule of Portfolio Investments

| Name                                                           | Title                                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BILIBILI INC                                                   | Bilibili Inc. SPONS ADS REP Z                                                | CUSIP: 090040106<br>LEI: 5493008V60M52L3PIS45 | Long             | EC               | CORP              | KY        |       949 | NS      | $21409.44     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| POSCO Holdings Inc.                                            | POSCO Holdings Inc. SPONSORED ADR                                            | CUSIP: 693483109<br>LEI: 988400E5HRVX81AYLM04 | Long             | EC               | CORP              | KR        |       980 | NS      | $57320.20     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| NETEASE INC                                                    | NetEase Inc. SPONSORED ADS                                                   | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |      1113 | NS      | $124589.22    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUNGHWA TELECOM CO LTD                                        | Chunghwa Telecom Co Ltd. SPON ADR NEW11                                      | CUSIP: 17133Q502<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      1237 | NS      | $52250.88     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd.                                                 | HDFC Bank Ltd. SPONSORED ADS                                                 | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     12353 | NS      | $307342.64    | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED             | MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED TRI PARTY                 | CUSIP: 000000000<br>LEI: 8NAV47T0Y26Q87Y0QP81 | Long             | RA               | CORP              | US        |    205521 | PA      | $205521.10    | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                    | TRS S&P EMERGING 50 ADR INDEX                                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DE               | CORP              | FR        |         1 | NC      | $-63476.12    | -0.66%            |  |  |  | No            |                  2 | On Loan: No      |
| Embraer S.A.                                                   | Embraer S.A. SPONSORED ADS                                                   | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |       566 | NS      | $33586.44     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| United Microelectronics Corp.                                  | United Microelectronics Corp. SPON ADR NEW                                   | CUSIP: 910873405<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | TW        |      7702 | NS      | $69163.96     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BAIDU INC                                                      | Baidu Inc. SPON ADR REP A                                                    | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | KY        |       906 | NS      | $100946.52    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Electric Power Corp.                                     | Korea Electric Power Corp. SPONSORED ADR                                     | CUSIP: 500631106<br>LEI: 988400QG33WS7JEIV602 | Long             | EC               | CORP              | KR        |      1672 | NS      | $23826.00     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                   | Taiwan Semiconductor Manufacturing Co., Ltd. SPONSORED ADS                   | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      3437 | NS      | $1161534.15   | 12.08%            |  |  |  | No            |                  1 | On Loan: No      |
| ZTO EXPRESS (CAYMAN) INC                                       | ZTO Express (Cayman) Inc. SPONSORED ADS A                                    | CUSIP: 98980A105<br>LEI: 549300SCJPK3YZJTJR78 | Long             | EC               | CORP              | KY        |      1343 | NS      | $33803.31     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| KE HOLDINGS INC                                                | KE Holdings Inc. SPONSORED ADS                                               | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | KY        |      2105 | NS      | $31511.85     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Sibanye-Stillwater Limited                                     | Sibanye-Stillwater Limited SPONSORED ADR                                     | CUSIP: 82575P107<br>LEI: 378900F238434B74D281 | Long             | EC               | CORP              | ZA        |      2303 | NS      | $28372.96     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Gold Mining Co Ltd                                     | Harmony Gold Mining Co Ltd SPONSORED ADR                                     | CUSIP: 413216300<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |      1777 | NS      | $27312.49     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr. Reddy's Laboratories Ltd.                                  | Dr. Reddy's Laboratories Ltd. ADR                                            | CUSIP: 256135203<br>LEI: 335800OVDPY3DVZR2798 | Long             | EC               | CORP              | IN        |      1983 | NS      | $27464.55     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                                         | Petroleo Brasileiro SA SP ADR NON VTG                                        | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |      7179 | NS      | $134606.25    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| America Movil S.A.B. de C.V.                                   | America Movil S.A.B. de C.V. SPON ADS RP CL B                                | CUSIP: 02390A101<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |      2941 | NS      | $74936.68     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco SA                                              | Banco Bradesco SA SP ADR PFD NEW                                             | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |     17211 | NS      | $62820.15     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding SA                                       | Itau Unibanco Holding SA SPON ADR REP PFD                                    | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |     17605 | NS      | $147529.90    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO DE CHILE SA                                              | Banco de Chile SPONSORED ADS                                                 | CUSIP: 059520106<br>LEI: 8B4EZFY8IHJC44TT2K84 | Long             | EC               | CORP              | CL        |       756 | NS      | $28002.24     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Cibest SA                                                | Grupo Cibest SA SPON ADS                                                     | CUSIP: 40090E106<br>LEI: 529900OSSJBGZREZ2C28 | Long             | EC               | CORP              | CO        |       362 | NS      | $26357.22     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                                         | Petroleo Brasileiro SA SPONSORED ADR                                         | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |      6056 | NS      | $125662.00    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| WOORI FINANCIAL GROUP INC                                      | Woori Financial Group Inc. SPONSORED ADS                                     | CUSIP: 981064108<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       733 | NS      | $48817.80     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CEMEX S.A.B. de C.V.                                           | CEMEX S.A.B. de C.V. SPON ADR NEW                                            | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |      4927 | NS      | $56364.88     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD HOLDINGS INC                                               | PDD Holdings Inc. SPONSORED ADS                                              | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |      2541 | NS      | $259639.38    | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                                   | B 0 05/21/26                                                                 | CUSIP: 912797SV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $994961.11    | 10.35%            | 2026-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                                        | TRS S&P EMERGING 50 ADR INDEX                                                | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3040.78     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| TCOM/TRIP.COM GROUP LTD                                        | Trip.com Group Ltd. ADS                                                      | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |      1978 | NS      | $98484.62     | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                                     | J.P. MORGAN SECURITIES LLC TRI PARTY                                         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Long             | RA               | CORP              | US        |    226151 | PA      | $226151.11    | 2.35%             |  |  |  | No            |                  2 | On Loan: No      |
| XPENG INC                                                      | XPeng Inc. ADS                                                               | CUSIP: 98422D105<br>LEI: 549300TZNMIREMWQU857 | Long             | EC               | CORP              | KY        |      2391 | NS      | $40910.01     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP | Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP SPONSORED ADR | CUSIP: 20441A102<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |      1537 | NS      | $46893.87     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Full Truck Alliance Co Ltd                                     | Full Truck Alliance Co Ltd SPONSORED ADS                                     | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | KY        |      2690 | NS      | $22327.00     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd.                                                | ICICI Bank Ltd. ADR                                                          | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |      8613 | NS      | $223076.70    | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Music Entertainment Group                              | Tencent Music Entertainment Group SPON ADS                                   | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | KY        |      1609 | NS      | $14931.52     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambev S.A.                                                     | Ambev S.A. SPONSORED ADR                                                     | CUSIP: 02319V103<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |     13851 | NS      | $40444.92     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group Inc.                                        | KB Financial Group Inc. SPONSORED ADR                                        | CUSIP: 48241A105<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |      1129 | NS      | $112595.17    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.COM INC                                                     | JD.com Inc. SPON ADS CL A                                                    | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |      4662 | NS      | $137855.34    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario Del Pacifico S.A.B. de C.V.                | Grupo Aeroportuario Del Pacifico S.A.B. de C.V. SPON ADS B                   | CUSIP: 400506101<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |       133 | NS      | $32833.71     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano S A B de C V                        | Fomento Economico Mexicano S A B de C V SPON ADR UNITS                       | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |       551 | NS      | $61194.06     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| BEONE MEDICINES LTD                                            | BeOne Medicines Ltd. SPONSORED ADS                                           | CUSIP: 07725L102<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | CH        |       236 | NS      | $70084.92     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd.                                                   | Infosys Ltd. SPONSORED ADR                                                   | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |     11494 | NS      | $155283.94    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale S.A.                                                      | Vale S.A. SPONSORED ADS                                                      | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |     11671 | NS      | $185685.61    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| LI AUTO INC                                                    | Li Auto Inc. SPONSORED ADS                                                   | CUSIP: 50202M102<br>LEI: 2549003R73Q70J5H4I65 | Long             | EC               | CORP              | KY        |      1946 | NS      | $34697.18     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                                                | Gold Fields Ltd SPONSORED ADR                                                | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |      2929 | NS      | $132976.60    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| H WORLD GROUP LTD                                              | H World Group Ltd. SPONSORED ADS                                             | CUSIP: 44332N106<br>LEI: 549300Y5ML31FVN83730 | Long             | EC               | CORP              | KY        |       561 | NS      | $28212.69     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrais Elet Bras Sa Eletrobras                               | Centrais Elet Bras Sa Eletrobras SPONSORED ADR                               | CUSIP: 15234Q207<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EC               | CORP              | BR        |      2971 | NS      | $33512.88     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom Indonesia(Persero) Tbk PT                               | Telkom Indonesia(Persero) Tbk PT SPONSORED ADR                               | CUSIP: 715684106<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |      1483 | NS      | $27702.44     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD                                      | Alibaba Group Holding Ltd. SPONSORED ADS                                     | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |      7770 | NS      | $974824.20    | 10.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Shinhan Financial Group Co Ltd.                                | Shinhan Financial Group Co Ltd. SPN ADR RESTRD                               | CUSIP: 824596100<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |      1501 | NS      | $92041.32     | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Sociedad Quimica y Minera de Chile S A                         | Sociedad Quimica y Minera de Chile S A SPON ADR SER B                        | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |       465 | NS      | $37637.10     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC                  | New Oriental Education & Technology Group Inc. SPON ADR                      | CUSIP: 647581206<br>LEI: 529900NHZVBZQZ8EKN29 | Long             | EC               | CORP              | KY        |       446 | NS      | $25256.98     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NIO INC                                                        | NIO Inc. SPON ADS                                                            | CUSIP: 62914V106<br>LEI: 549300JBU4TV5OCKJV96 | Long             | EC               | CORP              | KY        |      5983 | NS      | $36077.49     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ASE Technology Holding Co Ltd.                                 | ASE Technology Holding Co Ltd. SPONSORED ADS                                 | CUSIP: 00215W100<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |      5717 | NS      | $123944.56    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Treasury Obligations Cash Management                   | Dreyfus Treasury Obligations Cash Management TREASURY INSTNAL                | CUSIP: 261908107<br>LEI: 549300MKKM9KT7BF6329 | Long             | STIV             | RF                | US        |    460445 | NS      | $460445.03    | 4.79%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** Rydex Series Funds

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** Chief Financial Officer