Exhibit a.33
THE XXXXXX & RYGEL INVESTMENT GROUP
AMENDMENT NO. 32 TO
MASTER TRUST AGREEMENT
This Amendment No. 32 to the Master Trust Agreement of The Xxxxxx & Rygel
Investment Group, dated January 22, 1992, as amended (the Agreement"), is made
as of February 26, 2004.
WHEREAS, pursuant to the Agreement, the Trustees have previously
established and designated seventeen sub-trusts known as the Xxxxxx Limited
Maturity Fund, Xxxxxx Short Bond Fund, Xxxxxx U.S. Government Fund, Xxxxxx GNMA
Fund, Xxxxxx Core Bond Fund, Xxxxxx Opportunity Bond Fund, Xxxxxx High Income
Fund, Bunker Hill Money Market Fund, Xxxxxx Tax Exempt Bond Fund, Xxxxxx
California Municipal Income Fund, Xxxxxx Growth & Income Fund, Xxxxxx Market
Return Fund, Xxxxxx U.S. Growth Leaders Fund, Xxxxxx Small Cap Leaders Fund,
Xxxxxx Global Short Bond Fund, Xxxxxx Global Fixed Income Fund, and Xxxxxx
Emerging Markets Bond Fund; and
WHEREAS, the Trustees have the authority, without shareholder approval,
under Section 7.3 of the Agreement, to amend the Agreement in any manner, so
long as such amendment does not adversely affect the rights of any shareholder
and is not in contravention of applicable law; and
WHEREAS, the Trustees hereby desire to establish and designate an
additional sub-trust, to be known as the Xxxxxx Real Return Fund, and to fix the
rights and preferences of the shares of such additional sub-trust, effective
February 26, 2004;
NOW THEREFORE:
1. Effective February 26, 2004, the first paragraph of Section 4.2 of the
Agreement is hereby amended to read in pertinent part as follow:
"Section 4.2 Establishment and Designation of Sub-Trusts. Without limiting
the authority of the Trustee set forth in Section 4.1 to establish and designate
any further Sub-Trusts, the Trustees hereby establish and designate eighteen
Sub-trusts and classes thereof: Xxxxxx Limited Maturity Fund, which shall
consist of one class of shares designated as "Investor Class" shares; Xxxxxx
Short Bond Fund, which shall consist of one class of shares designated as
"Investor Class" shares; Xxxxxx U.S. Government Fund, which shall consist of one
class of shares designated as "Investor Class" shares; Xxxxxx Core Bond Fund,
which shall consist of one class of shares designated as "Investor Class"
shares; Xxxxxx Opportunity Bond Fund, which shall consist of one class of shares
designated as "Investor Class" shares; Xxxxxx Real Return Fund, which shall
consist of one class of shares designated as "Investor Class" shares; Xxxxxx
GNMA Fund, which shall consist of
one class of shares designated as "Investor Class" shares; Xxxxxx High Income
Fund, which shall consist of one class of shares designated as "Investor Class"
shares; Bunker Hill Money Market Fund, which shall consist of two classes of
shares designated as "Investor Class" and "Class D" shares; Xxxxxx Tax Exempt
Bond Fund, which shall consist of one class of shares designated as "Investor
Class" shares; Xxxxxx California Municipal Income Fund, which shall consist of
one class of shares designated as "Investor Class" shares; Xxxxxx Growth &
Income Fund, which shall consist of one class of shares designated as "Investor
Class" shares; Xxxxxx Market Return Fund, which shall consist of one class of
shares designated as "Investor Class" shares; Xxxxxx U.S. Growth Leaders Fund,
which shall consist of one class of shares designated as "Investor Class"
shares; Xxxxxx Small Cap Leaders Fund, which shall consist of one class of
shares designated as "Investor Class" shares; Xxxxxx Global Short Bond Fund,
which shall consist of one class of shares designated as "Investor Class"
shares; Xxxxxx Global Fixed Income Fund, which shall consist of one class of
shares designated as "Investor Class" shares; and Xxxxxx Emerging Markets Bond
Fund, which shall consist of one class of shares designated as "Investor Class"
shares. The shares of each Sub-Trust and classes thereof and any shares of any
further Sub-Trusts and classes thereof that may from time to time be established
and designated by the Trustees shall (unless the Trustees otherwise determine
with respect to some further Sub-Trust or class a the time of establishing and
designating the same) have the following relative rights and preferences:".
The undersigned hereby certify that the Amendment set forth above has been
duly adopted in accordance with the provisions of the Master Trust Agreement.
IN WITNESS WHEREOF, the undersigned have hereunto set their hands for
themselves and their assigns, as of the day and year first above written. This
instrument may be executed in one or more counterparts, all of which shall
together constitute a single instrument.
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Xxxx X. Xxxxxx Xxxxxxxxxxx X. Xxxxxxxx
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X. X. Xxxxxx, Xx. Xxxxxx X. Xxxxxxx
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X. Xxxxxxxx La Force Xxxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxx, M.D. Xxxx Xxxx Xxxx
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Xxxxxx X. XxXxxxxx, Xx.
