AMENDMENT NO. 15
TO THE
DECLARATION OF TRUST
OF
XXXXXXX XXXXX TRUST
This AMENDMENT NO. 15 dated the 1st day of August, 2000 to the
AGREEMENT AND DECLARATION OF TRUST (the "Declaration"), as amended, dated the
28th day of January, 1997 is made by the Trustees name below;
WHEREAS, the Trustees have established a trust for the
investment and reinvestment of funds
contributed thereto;
WHEREAS, the Trustees divided the beneficial interest in the
trust assets into transferable shares of beneficial interest and divided such
shares of beneficial interest into separate Series;
WHEREAS, the Trustees desire to create new Series and
designate new Classes of shares;
NOW, THEREFORE, in consideration of the foregoing premises and the
agreements contained herein, the undersigned, being all of the Trustees of the
Trust and acting in accordance with Article V, Section 1 of the Declaration,
hereby amend the Declaration as follows:
The Trust shall consist of one or more Series. Without limiting the
authority of the Trustees to establish and designate any further
Series, the Trustees hereby establish the following 54 Series: Xxxxxxx
Sachs Adjustable Rate Government Fund, Xxxxxxx Xxxxx Short Duration
Government Fund, Xxxxxxx Sachs Short Duration Tax-Free Fund, Xxxxxxx
Sachs Core Fixed Income Fund, Xxxxxxx Xxxxx Global Income Fund, Xxxxxxx
Sachs Government Income Fund, Xxxxxxx Xxxxx Municipal Income Fund,
Xxxxxxx Sachs High Yield Fund, Xxxxxxx Xxxxx High Yield Municipal Fund,
Xxxxxxx Sachs Enhaned Income Fund, Xxxxxxx Xxxxx Balanced Fund, Xxxxxxx
Sachs CORE Large Cap Growth Fund, Xxxxxxx Xxxxx CORE U.S. Equity Fund,
Xxxxxxx Sachs CORE Small Cap Equity Fund, Xxxxxxx Xxxxx CORE
International Equity Fund, Xxxxxxx Sachs Growth and Income Fund,
Xxxxxxx Xxxxx Capital Growth Fund, Xxxxxxx Sachs Mid Cap Value Fund,
Xxxxxxx Xxxxx Small Cap Value Fund, Xxxxxxx Sachs International Equity
Fund, Xxxxxxx Xxxxx Asia Growth Fund, Xxxxxxx Sachs Emerging Markets
Equity Fund, Xxxxxxx Xxxxx Real Estate Securities Fund, Xxxxxxx Sachs
International Small Cap Fund, Xxxxxxx Xxxxx Japanese Equity Fund,
Xxxxxxx Sachs European Equity Fund, Xxxxxxx Xxxxx CORE Large Cap Value
Fund, Xxxxxxx Sachs Strategic Growth Fund, Xxxxxxx Xxxxx Growth
Opportunities Fund, Xxxxxxx Sachs Internet Tollkeeper Fund, Xxxxxxx
Sachs Large Cap Value Fund, Xxxxxxx Xxxxx CORE Tax-Managed Equity Fund,
Xxxxxxx Sachs Research Select Fund, Xxxxxxx Xxxxx Growth Strategy
Portfolio, Xxxxxxx Sachs Aggressive Growth Strategy Portfolio, Xxxxxxx
Sachs Balanced Strategy Portfolio, Xxxxxxx Xxxxx Growth and Income
Strategy Portfolio, Xxxxxxx Sachs Conservative Strategy Portfolio,
Institutional Liquid Assets- Prime Obligations Portfolio, Institutional
Liquid Assets-Government Portfolio, Institutional Liquid
Assets-Treasury Obligations Portfolio, Institutional Liquid
Assets-Money Market Portfolio, Institutional Liquid Assets-Federal
Portfolio, Institutional Liquid Assets-Treasury Instruments Portfolio,
Institutional Liquid Assets-Tax-Exempt Diversified Portfolio,
Institutional Liquid Assets-Tax-Exempt New York Portfolio,
Institutional Liquid Assets-Tax-Exempt California Portfolio, Xxxxxxx
Sachs-Financial Square Prime Obligations Fund, Xxxxxxx Xxxxx-Financial
Square Government Fund, Xxxxxxx Sachs-Financial Square Treasury
Obligations Fund, Xxxxxxx Xxxxx-Financial Square Money Market Fund,
Xxxxxxx Sachs-Financial Square Tax-Free Money Market Fund, Xxxxxxx
Sachs-Financial Square Federal Fund, and Xxxxxxx Xxxxx-Financial Square
Treasury Instruments Fund (the "Existing Series"). Each additional
Series shall be established and is effective upon the adoption of a
resolution of a majority of the Trustees or any alternative date
specified in such resolution. The Trustees may designate the relative
rights and preferences of the Shares of each Series. The Trustees may
divide the Shares of any Series into Classes. Without limiting the
authority of the Trustees to establish and designate any further
Classes, the Trustees hereby establish the following classes of shares
with respect to the series set forth below:
Class A Shares: Xxxxxxx Sachs Adjustable Rate Government Fund,
Xxxxxxx Xxxxx Global Income Fund, Xxxxxxx Sachs
Government Income Fund, Xxxxxxx Xxxxx Municipal
Income Fund, Xxxxxxx Sachs High Yield Fund, Xxxxxxx
Sachs Short Duration Government Fund, Xxxxxxx
Sachs Short Duration Tax-Free Fund, Xxxxxxx Xxxxx
Core Fixed Income Fund, Xxxxxxx Sachs High Yield
Municipal Fund, Xxxxxxx Xxxxx Enhanced Income Fund,
Xxxxxxx Sachs Balanced Fund, Xxxxxxx Xxxxx CORE U.S.
Equity Fund, Xxxxxxx Sachs CORE Small Cap Equity
Fund, Xxxxxxx Xxxxx CORE International Equity
Fund, Xxxxxxx Sachs CORE Large Cap Growth Fund,
Xxxxxxx Xxxxx Growth and Income Fund, Xxxxxxx Sachs
Mid Cap Value Fund, Xxxxxxx Xxxxx Capital Growth
Fund, Xxxxxxx Sachs Small Cap Value Fund, Xxxxxxx
Sachs International Equity Fund, Xxxxxxx Xxxxx
Emerging Markets Equity Fund, Xxxxxxx Sachs Asia
Growth Fund, Xxxxxxx Xxxxx Real Estate Securities
Fund, Xxxxxxx Sachs International Small Cap
Fund, Xxxxxxx Xxxxx Japanese Equity Fund, Xxxxxxx
Sachs European Equity Fund, Xxxxxxx
Sachs CORE Large Cap Value Fund, Xxxxxxx Xxxxx
Strategic Growth Fund, Xxxxxxx Sachs
Growth Opportunities Fund, Xxxxxxx Xxxxx Internet
Tollkeeper Fund, Xxxxxxx Sachs Large
Cap Value Fund, Xxxxxxx Xxxxx CORE Tax-Managed
Equity Fund, Xxxxxxx Sachs Research
Select Fund, Xxxxxxx Xxxxx Growth Strategy
Portfolio, Xxxxxxx Sachs Aggressive Growth
Strategy Portfolio, Xxxxxxx Xxxxx Balanced
Strategy Portfolio, Xxxxxxx Sachs Growth
and Income Strategy Portfolio, Xxxxxxx Xxxxx
Conservative Strategy Portfolio.
Class B Shares Xxxxxxx Sachs Global Income Fund, Xxxxxxx Xxxxx
Government Income Fund, Xxxxxxx Sachs
Municipal Income Fund, Xxxxxxx Xxxxx High Yield
Fund, Xxxxxxx Sachs Short Duration
Government Fund, Xxxxxxx Xxxxx Short Duration
Tax-Free Fund, Xxxxxxx Sachs Core Fixed
Income Fund, Xxxxxxx Xxxxx High Yield Municipal
Fund, Xxxxxxx Sachs Enhanced Cash
Fund, Xxxxxxx Xxxxx Balanced Fund, Xxxxxxx Sachs
CORE U.S. Equity Fund, Xxxxxxx Xxxxx
CORE Small Cap Equity Fund, Xxxxxxx Sachs
CORE International Equity Fund, Xxxxxxx
Sachs CORE Large Cap Growth Fund, Xxxxxxx
Sachs Growth and Income Fund, Xxxxxxx Xxxxx
Mid Cap Value Fund, Xxxxxxx Sachs Capital
Growth Fund, Xxxxxxx Xxxxx Small Cap Value
Fund, Xxxxxxx Sachs International Equity Fund,
Xxxxxxx Xxxxx Emerging Markets Equity
Fund, Xxxxxxx Sachs Asia Growth Fund, Xxxxxxx
Sachs International Small Cap Fund,
Xxxxxxx Xxxxx Japanese Equity Fund, Xxxxxxx
Sachs CORE Large Cap Value Fund, Xxxxxxx
Sachs Growth Opportunities Fund, Xxxxxxx Xxxxx
Strategic Growth Fund, Xxxxxxx Sachs
Internet Tollkeeper Fund, Xxxxxxx Xxxxx
Large Cap Value Fund, Xxxxxxx Sachs CORE
Tax-Managed Equity Fund, Xxxxxxx Xxxxx Research
Select Fund, Institutional Liquid
Assets Prime Obligations Portfolio, Xxxxxxx Sachs
Real Estate Securities Fund, Xxxxxxx
Sachs European Equity Fund, Xxxxxxx Xxxxx Growth
Strategy Portfolio, Xxxxxxx Sachs
Aggressive Growth Strategy Portfolio, Xxxxxxx
Sachs Balanced Strategy Portfolio,
Xxxxxxx Xxxxx Growth and Income Strategy
Portfolio, Xxxxxxx Sachs Conservative
Strategy Portfolio.
Class C Shares Xxxxxxx Xxxxx Global Income Fund, Xxxxxxx Sachs
Government Income Fund, Xxxxxxx Xxxxx
Municipal Income Fund, Xxxxxxx Sachs High
Yield Fund, Xxxxxxx Xxxxx Short Duration
Government Fund, Xxxxxxx Sachs Short Duration
Tax-Free Fund, Xxxxxxx Xxxxx Core Fixed
Income Fund, Xxxxxxx Sachs High Yield Municipal
Fund, Xxxxxxx Xxxxx Enhanced Income
Fund, Xxxxxxx Sachs Balanced Fund, Xxxxxxx
Sachs CORE U.S. Equity Fund, Xxxxxxx Xxxxx
CORE Small Cap Equity Fund, Xxxxxxx Sachs CORE
International Equity Fund, Xxxxxxx
Sachs CORE Large Cap Growth Fund, Xxxxxxx
Sachs Growth and Income Fund, Xxxxxxx Xxxxx
Mid Cap Value Fund, Xxxxxxx Sachs Capital
Growth Fund, Xxxxxxx Xxxxx Small Cap Value
Fund, Xxxxxxx Sachs International Equity Fund,
Xxxxxxx Xxxxx Emerging Markets Equity
Fund, Xxxxxxx Sachs Asia Growth Fund, Xxxxxxx
Sachs International Small Cap Fund,
Xxxxxxx Xxxxx Japanese Equity Fund, Institutional
Liquid Assets Prime Obligations
Portfolio, Xxxxxxx Sachs Real Estate Securities
Fund, Xxxxxxx Xxxxx European Equity
Fund, Xxxxxxx Sachs CORE Large Cap Value Fund,
Xxxxxxx Xxxxx Strategic Growth Fund,
Xxxxxxx Sachs Growth Opportunities Fund,
Xxxxxxx Xxxxx Internet Tollkeeper Fund,
Xxxxxxx Sachs Large Cap Value Fund, Xxxxxxx
Sachs CORE Tax-Managed Equity Fund,
Xxxxxxx Xxxxx Research Select Fund, Xxxxxxx
Sachs Growth Strategy Portfolio, Xxxxxxx
Sachs Aggressive Growth Strategy Portfolio,
Xxxxxxx Xxxxx Balanced Strategy Portfolio,
Xxxxxxx Sachs Growth and Income Strategy
Portfolio, Xxxxxxx Xxxxx Conservative
Strategy Portfolio.
Institutional Shares: Xxxxxxx Sachs Adjustable Rate Government Fund,
Xxxxxxx Xxxxx Short Duration Government
Fund, Xxxxxxx Sachs Short Duration Tax-Free
Fund, Xxxxxxx Xxxxx Government Income
Fund, Xxxxxxx Sachs Municipal Income Fund,
Xxxxxxx Xxxxx Core Fixed Income Fund,
Xxxxxxx Sachs High Yield Municipal Fund,
Xxxxxxx Xxxxx Global Income Fund, Xxxxxxx
Sachs High Yield Fund, Xxxxxxx Xxxxx Enhanced
Income Fund, Xxxxxxx Sachs Balanced
Fund, Xxxxxxx Xxxxx Small Cap Value Fund,
Xxxxxxx Sachs Capital Growth Fund, Xxxxxxx
Sachs CORE Large Cap Growth Fund, Xxxxxxx Xxxxx
CORE U.S. Equity Fund, Xxxxxxx Sachs
CORE Small Cap Equity Fund, Xxxxxxx Xxxxx CORE
International Equity Fund, Xxxxxxx
Sachs Growth and Income Fund, Xxxxxxx Xxxxx
Mid Cap Value Fund, Xxxxxxx Sachs
International Equity Fund, Xxxxxxx Xxxxx Emerging
Markets Equity Fund, Xxxxxxx Sachs
Asia Growth Fund, Xxxxxxx Xxxxx International
Small Cap Fund, Xxxxxxx Sachs Japanese
Equity Fund, Xxxxxxx Xxxxx Real Estate
Securities Fund, Xxxxxxx Sachs European Equity
Fund, Xxxxxxx Xxxxx CORE Large Cap Value Fund,
Xxxxxxx Sachs Growth Opportunities
Fund, Xxxxxxx Xxxxx Strategic Growth Fund,
Xxxxxxx Sachs Internet Tollkeeper Fund,
Xxxxxxx Xxxxx Large Cap Value Fund, Xxxxxxx
Sachs CORE Tax-Managed Equity Fund,
Xxxxxxx Xxxxx Research Select Fund, Xxxxxxx
Sachs-Financial Square Prime Obligations
Fund, Xxxxxxx Xxxxx-Financial Square Government
Fund, Xxxxxxx Sachs-Financial Square
Treasury Obligations Fund, Xxxxxxx Xxxxx-Financial
Square Money Market Fund, Xxxxxxx
Sachs-Financial Square Premium Money Market
Fund, Xxxxxxx Xxxxx-Financial Square
Municipal Money Market Fund, Xxxxxxx
Sachs-Financial Square Tax-Free Money Market
Fund, Xxxxxxx Xxxxx-Financial Square Federal
Fund, Xxxxxxx Sachs-Financial Square
Treasury Instruments Fund, Institutional Liquid
Assets-Prime Obligations Portfolio,
Institutional Liquid Assets-Government Portfolio,
Institutional Liquid Assets-Treasury
Obligations Portfolio, Institutional Liquid
Assets-Money Market Portfolio,
Institutional Liquid Assets-Federal Portfolio,
Institutional Liquid Assets-Treasury
Instruments Portfolio, Institutional Liquid
Assets-Tax-Exempt Diversified Portfolio,
Institutional Liquid Assets-Tax-Exempt New
York Portfolio, Institutional Liquid
Assets-Tax-Exempt California Portfolio, Xxxxxxx
Sachs Growth Strategy Portfolio,
Xxxxxxx Xxxxx Aggressive Growth Strategy
Portfolio, Xxxxxxx Sachs Balanced Strategy
Portfolio, Xxxxxxx Xxxxx Growth and Income
Strategy Portfolio, Xxxxxxx Sachs
Conservative Strategy Portfolio.
Service Shares: Xxxxxxx Xxxxx Adjustable Rate Government Fund,
Xxxxxxx Sachs Short Duration Government
Fund, Xxxxxxx Xxxxx Short Duration Tax-Free
Fund, Xxxxxxx Sachs Government Income
Fund, Xxxxxxx Xxxxx Municipal Income Fund,
Xxxxxxx Sachs Core Fixed Income Fund,
Xxxxxxx Xxxxx High Yield Municipal Fund,
Xxxxxxx Sachs Global Income Fund, Xxxxxxx
Sachs High Yield Fund, Xxxxxxx Xxxxx Balanced
Fund, Xxxxxxx Sachs Small Cap Value
Fund, Xxxxxxx Xxxxx Capital Growth Fund, Xxxxxxx
Sachs CORE U.S. Equity Fund, Xxxxxxx
Sachs CORE Large Cap Growth Fund, Xxxxxxx
Sachs CORE Small Cap Equity Fund, Xxxxxxx
Sachs CORE International Equity Fund, Xxxxxxx
Sachs Growth and Income Fund, Xxxxxxx
Sachs Mid Cap Value Fund, Xxxxxxx Xxxxx
International Equity Fund, Xxxxxxx Sachs
Emerging Markets Equity Fund, Xxxxxxx Xxxxx
Asia Growth Fund, Xxxxxxx Sachs
International Small Cap Fund, Xxxxxxx Xxxxx
Japanese Equity Fund, Xxxxxxx Sachs Real
Estate Securities Fund, Xxxxxxx Xxxxx European
Equity Fund, Xxxxxxx Sachs CORE Large
Cap Value Fund, Xxxxxxx Xxxxx Strategic
Growth Fund, Xxxxxxx Sachs Growth
Opportunities Fund, Xxxxxxx Xxxxx Internet
Tollkeeper Fund, Xxxxxxx Sachs Large Cap
Value Fund, Xxxxxxx Xxxxx CORE Tax-Managed
Equity Fund, Xxxxxxx Sachs Research Select
Fund, Xxxxxxx Xxxxx-Financial Square Prime
Obligations Fund, Xxxxxxx Sachs-Financial
Square Government Fund, Xxxxxxx Xxxxx-Financial
Square Treasury Obligations Fund,
Xxxxxxx Sachs-Financial Square Money Market
Fund, Xxxxxxx Xxxxx-Financial Square
Tax-Free Money Market Fund, Xxxxxxx
Sachs-Financial Square Federal Fund, Xxxxxxx
Sachs-Financial Square Treasury Instruments Fund,
Institutional Liquid Assets-Prime
Obligations Portfolio, Institutional Liquid
Assets-Government Portfolio, Institutional
Liquid Assets- Treasury Obligations Portfolio,
Institutional Liquid Assets-Money
Market Portfolio, Institutional Liquid
Assets-Federal Portfolio, Institutional Liquid
Assets-Treasury Instruments Portfolio,
Institutional Liquid Assets-Tax-Exempt
Diversified Portfolio, Institutional Liquid
Assets-Tax-Exempt New York Portfolio,
Institutional Liquid Assets-Tax-Exempt
California Portfolio, Xxxxxxx Xxxxx Growth
Strategy Portfolio, Xxxxxxx Sachs Aggressive
Growth Strategy Portfolio, Xxxxxxx Xxxxx
Balanced Strategy Portfolio, Xxxxxxx Sachs
Growth and Income Strategy Portfolio,
Xxxxxxx Xxxxx Conservative Strategy Portfolio.
Administration Shares: Xxxxxxx Sachs-Financial Square Prime Obligations
Fund, Xxxxxxx Xxxxx-Financial Square
Government Fund, Xxxxxxx Sachs-Financial
Square Treasury Obligations Fund, Xxxxxxx
Sachs-Financial Square Money Market Fund,
Xxxxxxx Xxxxx-Financial Square Tax-Free
Money Market Fund, Xxxxxxx Sachs-Financial
Square Federal Fund, Xxxxxxx
Sachs-Financial Square Treasury Instruments Fund,
Institutional Liquid Assets-Prime
Obligations Portfolio, Institutional Liquid
Assets-Government Portfolio, Institutional
Liquid Assets-Treasury Obligations Portfolio,
Institutional Liquid Assets-Money Market
Portfolio, Institutional Liquid Assets-Federal
Portfolio, Institutional Liquid
Assets-Treasury Instruments Portfolio,
Institutional Liquid Assets-Tax-Exempt
Diversified Portfolio, Institutional Liquid
Assets-Tax- Exempt New York Portfolio and
Institutional Liquid Assets-Tax-Exempt California
Portfolio, Xxxxxxx Xxxxx Enhanced Income Fund.
Preferred
Administration Shares: Xxxxxxx Sachs-Financial Square Prime
Obligations Fund, Xxxxxxx Xxxxx-Financial Square
Government Fund, Xxxxxxx Sachs-Financial Square
Treasury Obligations Fund, Xxxxxxx Xxxxx-Financial
Square Money Market Fund, Xxxxxxx Sachs-Financial
Square Tax-Free Money Market Fund, Xxxxxxx
Sachs-Financial Square Federal Fund and Xxxxxxx
Sachs-Financial Square Treasury Instruments Fund.
Cash Management
Shares: Institutional Liquid Assets-Prime Obligations
Portfolio, Institutional Liquid
Assets-Money Market Portfolio, Institutional
Liquid Assets-Government Portfolio,
Institutional Liquid Assets-Tax-Exempt
Diversified Portfolio, Institutional Liquid
Assets-Tax-Exempt California Portfolio,
Institutional Liquid Assets-Tax-Exempt New
York Portfolio.
Select Shares: Xxxxxxx Xxxxx-Financial Square Prime
Obligations Fund, Xxxxxxx Sachs-Financial Square
Government Fund, Xxxxxxx Xxxxx-Financial Square
Treasury Obligations Fund, Xxxxxxx Sachs-Financial
Square Money Market Fund, Xxxxxxx Xxxxx-Financial
Square Tax-Free Money Market Fund, Xxxxxxx
Sachs-Financial Square Federal Fund and Xxxxxxx
Sachs-Financial Square Treasury Instruments Fund.
All capitalized terms which are not defined herein shall have the same
meanings as are assigned to those terms in the Declaration.
IN WITNESS WHEREOF, the undersigned have executed this instrument as of
the date first written above.
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Xxxxx X. Xxxxxx,
as Trustee and not individually
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Xxxxx X. Xxxx,
as Trustee and not individually
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Xxxxxxx Grip,
as Trustee and not individually
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Xxxx X. XxXxxxx,
as Trustee and not individually,
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Xxxx X. XxXxxxxxx
as Trustee and not individually,
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Xxxx X. Xxxxx
as Trustee and not individually,
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Xxxxxxx X. Xxxxxxxx
as Trustee and not individually,
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Xxxxxxx X. Xxxxxxx
as Trustee and not individually,
