Common use of Establishment and Designation of Sub-Trusts Clause in Contracts

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following eight Sub-Trusts: Emerging Markets Fund (Class A, Class C, Class I and Class Y), Global Hard Assets Fund (Class A, Class C, Class I and Class Y), International Investors Gold Fund (Class A, Class C, Class I and Class Y), Multi-Manager Alternatives Fund (Class A, Class I and Class Y), CM Commodity Index Fund (Class A, Class C, Class I and Class Y), Long/Flat Commodity Index Fund (Class A, Class C, Class I and Class Y), Commodities Series Fund III (Class A, Class C and Class I) and Commodities Series Fund IV (Class A, Class C and Class I). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences. The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions of the Agreement.

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following eight twelve Sub-Trusts: Emerging Markets Fund (Class A, Class C, Class I I, Class Y and Class YT), Global Hard Assets Fund (Class A, Class C, Class I I, Class Y and Class YT), International Investors Gold Fund (Class A, Class C, Class I I, Class Y and Class YT), Multi-Manager Alternatives Fund (Class A, Class C, Class I and Class Y), CM Commodity Index Fund (Class A, Class C, Class I I, Class Y and Class YT), Long/Flat Low Volatility Enhanced Commodity Index Fund (Class A, Class C, Class I and Class Y), Commodities Series Fund III (Class A, Class C and Class I) and ), Commodities Series Fund IV (Class A, Class C and Class I), Unconstrained Emerging Markets Bond Fund (Class A, Class C, Class I, Class Y and Class T), Long/Short Equity Index Fund (Class A, Class I, Class Y and Class T), XxxXxx NDR Managed Allocation Fund (Class A, Class I, Class Y and Class T), and XxxXxx Morningstar Wide Moat Fund (Class I and Class Z). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences. .” The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions of the Agreement.

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following eight nine Sub-Trusts: Emerging Markets Fund (Class A, Class C, Class I I, Class T, Class Y and Class YZ), Global Hard Assets Fund (Class A, Class C, Class I I, Class Y and Class YT), International Investors Gold Fund (Class A, Class C, Class I I, Class Y and Class YT), Multi-Manager Alternatives Fund (Class A, Class C, Class I and Class Y), CM Commodity Index Fund (Class A, Class I, Class Y and Class T), Unconstrained Emerging Markets Bond Fund (Class A, Class C, Class I I, Class Y and Class YT), Long/Flat Commodity Short Equity Index Fund (Class A, Class C, Class I I, Class Y and Class YT), Commodities Series XxxXxx NDR Managed Allocation Fund III (Class A, Class C I, Class Y and Class IT) and Commodities Series XxxXxx Morningstar Wide Moat Fund IV (Class A, Class C I and Class IZ). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences. .” The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions of the Agreement.

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following eight Sub-Trusts: Emerging Markets Fund (Class A, Class C, Class I and Class Y), Global Hard Assets Fund (Class A, Class C, Class I and Class Y), International Investors Gold Fund (Class A, Class C, Class I and Class Y), Multi-Manager Alternatives Fund (Class A, Class I and Class Y), CM Long-Only Commodity Index Fund (Class A, Class C, Class I and Class Y), Long/Flat Commodity Index Fund (Class A, Class C, Class I and Class Y), Commodities Series Fund III (Class A, Class C and Class I) and Commodities Series Fund IV (Class A, Class C and Class I). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences. The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions of the Agreement.

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following eight Sub-Trusts: Emerging Markets Fund (Class A, Class C, Class I C and Class YI), Global Hard Assets Fund (Class A, Class C, Class I C and Class YI), International Investors Gold Fund (Class A, Class C, Class I C and Class YI), Multi-Manager Alternatives Fund (Class A, Class I A and Class YI), CM Commodity Index Commodities Series Fund I (Class A, Class C, Class I C and Class YI), Long/Flat Commodity Index Commodities Series Fund II (Class A, Class C, Class I C and Class YI), Commodities Series Fund III (Class A, Class C and Class I) and Commodities Series Fund IV (Class A, Class C and Class I). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences. The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions of the Agreement.

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following eight eleven Sub-Trusts: Emerging Markets Fund (Class A, Class C, Class I and Class Y), Global Hard Assets Fund (Class A, Class C, Class I and Class Y), International Investors Gold Fund (Class A, Class C, Class I and Class Y), Multi-Manager Alternatives Fund (Class A, Class C, Class I and Class Y), CM Commodity Index Fund (Class A, Class C, Class I and Class Y), Long/Flat Low Volatility Enhanced Commodity Index Fund (Class A, Class C, Class I and Class Y), Commodities Series Fund III (Class A, Class C and Class I) and ), Commodities Series Fund IV (Class A, Class C and Class I), Unconstrained Emerging Markets Bond Fund (Class A, Class C, Class I and Class Y), Long/Short Equity Index Fund (Class A, Class I and Class Y) and XxxXxx NDR Managed Allocation Fund (Class A, Class I and Class Y). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences.” 3. The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions Article VII, Section 7.6 of the Agreement.Agreement is amended to read in its entirety as follows:

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following eight Sub-Trusts: Emerging Markets Fund (Class A, Class C, Class I and Class Y), Global Hard Assets Fund (Class A, Class C, Class I and Class Y), International Investors Gold Fund (Class A, Class C, Class I and Class Y), Multi-Manager Alternatives Fund (Class A, Class C, Class I and Class Y), CM Commodity Index Fund (Class A, Class C, Class I and Class Y), Long/Flat Commodity Index Fund (Class A, Class C, Class I and Class Y), Commodities Series Fund III (Class A, Class C and Class I) and ), Commodities Series Fund IV (Class A, Class C and Class I) and Unconstrained Emerging Markets Bond Fund (Class A, Class C, Class I and Class Y). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences. : The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions of the Agreement.

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following eight ten Sub-Trusts: Emerging Markets Fund (Class A, Class C, Class I and Class Y), Global Hard Assets Fund (Class A, Class C, Class I and Class Y), International Investors Gold Fund (Class A, Class C, Class I and Class Y), Multi-Manager Alternatives Fund (Class A, Class C, Class I and Class Y), CM Commodity Index Fund (Class A, Class C, Class I and Class Y), Long/Flat Low Volatility Enhanced Commodity Index Fund (Class A, Class C, Class I and Class Y), Commodities Series Fund III (Class A, Class C and Class I) and ), Commodities Series Fund IV (Class A, Class C and Class I), Unconstrained Emerging Markets Bond Fund (Class A, Class C, Class I and Class Y) and Long/Short Equity Fund (Class A, Class I and Class Y). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences. : The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions of the Agreement.

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following eight ten Sub-Trusts: Emerging Markets Fund (Class A, Class C, Class I and Class Y), Global Hard Assets Fund (Class A, Class C, Class I and Class Y), International Investors Gold Fund (Class A, Class C, Class I and Class Y), Multi-Manager Alternatives Fund (Class A, Class C, Class I and Class Y), CM Commodity Index Fund (Class A, Class C, Class I and Class Y), Long/Flat Low Volatility Enhanced Commodity Index Fund (Class A, Class C, Class I and Class Y), Commodities Series Fund III (Class A, Class C and Class I) and ), Commodities Series Fund IV (Class A, Class C and Class I), Unconstrained Emerging Markets Bond Fund (Class A, Class C, Class I and Class Y) and Long/Short Equity Index Fund (Class A, Class I and Class Y). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences. : The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions of the Agreement.

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following eight eleven Sub-Trusts: Emerging Markets Fund (Class A, Class C, Class I I, Class Y and Class YT), Global Hard Assets Fund (Class A, Class C, Class I I, Class Y and Class YT), International Investors Gold Fund (Class A, Class C, Class I I, Class Y and Class YT), Multi-Manager Alternatives Fund (Class A, Class C, Class I and Class Y), CM Commodity Index Fund (Class A, Class C, Class I I, Class Y and Class YT), Long/Flat Low Volatility Enhanced Commodity Index Fund (Class A, Class C, Class I and Class Y), Commodities Series Fund III (Class A, Class C and Class I) and ), Commodities Series Fund IV (Class A, Class C and Class I), Unconstrained Emerging Markets Bond Fund (Class A, Class C, Class I, Class Y and Class T), Long/Short Equity Index Fund (Class A, Class I, Class Y and Class T), and XxxXxx NDR Managed Allocation Fund (Class A, Class I, Class Y and Class T). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences. .” The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions of the Agreement.