THE PAYDEN & RYGEL INVESTMENT GROUP AMENDMENT NO. 54 TO MASTER TRUST AGREEMENT
THE XXXXXX & RYGEL INVESTMENT GROUP
AMENDMENT NO. 54 TO
This Amendment No. 54 to the Master Trust Agreement of The Xxxxxx & Rygel Investment Group, dated January 22, 1992, as amended (the “Agreement”), is made as of July 25, 2014.
1. Effective as of the date set forth above, 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: Payden Cash Reserves Money Market Fund, which shall consist of two classes of shares designated as “Investor Class” shares and “Class D” shares, respectively; Xxxxxx Limited Maturity Fund, which shall consist of one class of shares designated as “Investor Class” shares; Xxxxxx Low Duration Fund, which shall consist of one class of shares
designated as “Investor Class” shares; Xxxxxx U.S. Government Fund, which shall consist of two classes of shares designated as “Investor Class” shares and “Adviser Class” shares, respectively; Xxxxxx GNMA Fund, which shall consist of two classes of shares designated as “Investor Class” shares and “Adviser Class” shares, respectively; Xxxxxx Core Bond Fund, which shall consist of two classes of shares designated as “Investor Class” shares and “Adviser Class” shares, respectively; Xxxxxx Corporate Bond Fund, which shall consist of one class of shares designated as “Investor Class” shares; Xxxxxx High Income Fund, which shall consist of two classes of shares designated as “Investor Class” shares and “Adviser Class” shares, respectively; Xxxxxx Floating Rate Fund, which shall consist of three classes of shares designated as “Investor Class” shares, “Adviser Class” shares and “Institutional Class” shares, respectively; Xxxxxx Strategic Income Fund, which shall consist of three classes of shares designated as “Investor Class” shares, “Adviser Class” shares and “Institutional Class” shares, respectively; Xxxxxx California Municipal Income Fund, which shall consist of one class of shares designated as “Investor Class” shares; Xxxxxx Global Low Duration 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; Xxxxxx Emerging Markets Bond Fund, which shall consist of three classes of shares designated as “Investor Class” shares, “Adviser Class” shares and “Institutional Class” shares, respectively; Xxxxxx Emerging Markets Local Bond Fund, which shall consist of two classes of shares designated as “Investor Class” shares and “Adviser Class” shares, respectively; Xxxxxx Emerging Markets Corporate Bond Fund, which shall consist of three classes of shares designated as “Investor Class” shares, “Adviser Class” shares and “Institutional Class” shares, respectively; Xxxxxx Equity Income Fund, which shall consist of three classes of shares designated as “Investor Class” shares, “Adviser Class” shares and “SI Class” shares, respectively; and Xxxxxx/Xxxxxxx Cash Balance Plan Fund, which shall consist of three classes of shares designated as “Institutional Class” shares, “Adviser Class” shares and “Retirement Class” shares, respectively. 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 at 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.
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X. X. Xxxxxx, Xx. | Xxxxxx X. XxXxxxxx | |||
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Xxxxxxxxx X. Xxxxxx | Xxxx X. Xxxxxx | |||
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Xxxxxx X. Xxxxxxxx | Xxxxxx X. Xxxxxxx | |||
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Xxxxxxx X. Xxxxxx | Xxxxxxx E. Xxxxxxx | |||
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Xxxx Xxxx Xxxx |