ICON FUNDS
AMENDMENT NO. 7 TO MASTER TRUST AGREEMENT
AMENDMENT No. 7 to the Master Trust Agreement of ICON Funds made at Englewood,
Colorado on August 1, 2001, by the Trustees hereunder.
WITNESSETH
WHEREAS, Section 7.3 of the ICON Master Trust Agreement dated September 19, 1996
(the "Agreement"), of ICON Funds (the "Trust"), provides that the Agreement may
be amended at any time, so long as such amendment does not adversely affect the
rights of any shareholder with respect to which such amendment is or purports to
be applicable and so long as such amendment is not in contravention of
applicable law, including the Investment Company Act of 1940, by an instrument
in writing, signed by an officer of the Trust pursuant to a vote of a majority
of the Trustees of the Trust; and
WHEREAS, the ICON South Pacific Region Fund, a Sub-Trust of the Trust, has never
been opened to investors, and thus has no shares outstanding.
WHEREAS, pursuant to paragraph 4.1 of the Agreement, a majority of the Trustees
of the Trust desire to amend the Agreement to abolish the ICON South Pacific
Region Fund.
WHEREAS, a majority of the Trustees of the Trust desire to amend Section 4.2 of
the Master Agreement (as amended) to change the name of the ICON Asia Region
Fund to the ICON Asia - Pacific Region Fund.
WHEREAS, a majority of the Trustees of the Trust on August 1, 2001, have duly
adopted the amendment to the Agreement shown below and authorized the same to be
filed with the Secretary of State of the Commonwealth of Massachusetts;
NOW, THEREFORE, the undersigned Trustees pursuant to the authorization described
above, hereby amend Section 4.2 of the Master Trust Agreement, as heretofore in
effect, to read as follows:
Master Trust Agreement Amendment No. 7
Page 2 of 2
SECTION 4.2 ESTABLISHMENT AND DESIGNATION OF SUB-TRUSTS.
Without limiting the Trustees' authority to establish further sub-trusts
pursuant to Section 4.1, the Trustees hereby establish the following
sub-trusts:
ICON Materials Fund ICON Asia - Pacific Region Fund
ICON Consumer Discretionary Fund ICON North Europe Region Fund
ICON Energy Fund ICON South Europe Region Fund
ICON Financial Fund ICON Western Hemisphere Fund
ICON Healthcare Fund ICON Short-Term Fixed Income Fund
ICON Information Technology Fund ICON Leisure and Consumer Staples Fund
ICON Industrials Fund ICON Telecommunication & Utilities Fund
ICON Fund with two classes of shares, Class C and Class I, subject to
different distribution and service fees as follows: 1.00% and 0.25%,
respectively.
WITNESS WHEREOF, our hands this 1st day of August, 2001.
/s/ Xxxx X. Xxxxxxx /s/ Xxxxx X. Hire
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Xxxx X. Xxxxxxx, Trustee Xxxxx X. Hire, Trustee
/s/ Xxxxx X. Xxxxxxxx /s/ R. Xxxxxxx Xxxxxx
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Xxxxx X. Xxxxxxxx, Trustee R. Xxxxxxx Xxxxxx, Trustee
STATE OF COLORADO )
) ss:
COUNTY OF ARAPAHOE )
Before me, a Notary Public in and for said county and state, personally appeared
the above named persons, who acknowledged that they did sign the foregoing
instrument in the capacity indicated, and that the same is their free act and
deed on this ____ day of _____________ 2001.
Signature of Notary Public:
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My Commission Expires:
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