Exhibit (a.42)
THE XXXXXX & RYGEL INVESTMENT GROUP
AMENDMENT NO. 41 TO
MASTER TRUST AGREEMENT
This Amendment No. 41 to the Master Trust Agreement of The Xxxxxx & Rygel
Investment Group, dated January 22, 1992, as amended (the "Agreement"), is made
as of June 16, 2009.
WHEREAS, pursuant to the Agreement, the Trustees have previously
established and designated twenty-one sub-trusts known as the Payden Cash
Reserves Money Market Fund, Xxxxxx Limited Maturity Fund, Xxxxxx Short Bond
Fund, Xxxxxx U.S. Government Fund, Xxxxxx GNMA Fund, Xxxxxx Core Bond Fund,
Xxxxxx Corporate Bond Fund, Xxxxxx High Income Fund, Xxxxxx Tax Exempt Bond
Fund, Xxxxxx California Municipal Income Fund, Xxxxxx Value Leaders Fund, Xxxxxx
U.S. Growth Leaders Fund, Xxxxxx Global Short Bond Fund, Xxxxxx Global Fixed
Income Fund, Xxxxxx Emerging Markets Bond Fund, Xxxxxx Global Equity Fund,
Xxxxxx/Wilshire Longevity Fund 2010+, Xxxxxx/Wilshire Longevity Fund 2020+,
Xxxxxx/Wilshire Longevity Fund 2030+, Xxxxxx/Wilshire Longevity Fund 2040+ and
Xxxxxx/Kravitz Cash Balance Plan 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, effective June 16, 2009, the Trustees hereby desire to establish
and designate an additional share class, the "Adviser Class," of each of the
Xxxxxx U.S. Government Fund, Xxxxxx GNMA Fund, Xxxxxx Core Bond Fund, Xxxxxx
High Income Fund, Xxxxxx Emerging Markets Bond Fund and Xxxxxx U.S. Growth
Leaders Fund, and to fix the rights and preferences of the shares of such
additional share class of each of said Funds;
NOW THEREFORE:
1. Effective June 16, 2009, 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 twenty-one 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 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 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 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 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; Xxxxxx Emerging Markets Bond Fund, which shall consist of two classes of
shares designated as "Investor Class" shares and "Adviser Class" shares,
respectively; Xxxxxx Value Leaders Fund, which shall consist of one class of
shares designated as "Investor Class" shares; Xxxxxx U.S. Growth Leaders Fund,
which shall consist of two classes of shares designated as "Investor Class"
shares and "Adviser Class" shares, respectively; Xxxxxx Global Equity Fund,
which shall consist of one class of shares designated as "Investor Class"
shares; Xxxxxx/Wilshire Longevity Fund 2010+, which shall consist of one class
of shares designated as "Investor Class" shares; Xxxxxx/Wilshire Longevity Fund
2020+, which shall consist of one class of shares designated as "Investor Class"
shares; Xxxxxx/Wilshire Longevity Fund 2030+, which shall consist of one class
of shares designated as "Investor Class" shares; Xxxxxx/Wilshire Longevity Fund
2040+, which shall consist of one class of shares designated as "Investor Class"
shares, and Xxxxxx/Kravitz 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.
[The rest of this page is intentionally left blank.]
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.
------------------------------------- ----------------------------------------
Xxxx X. Xxxxxx Xxxxxx X. Xxxxxxxx
------------------------------------- ----------------------------------------
X. X. Xxxxxx, Xx. Xxxxxx X. Xxxxxxx
------------------------------------- ----------------------------------------
Xxxxxx X. Xxxxx, M.D. Xxxxxxx X. Xxxxxx
------------------------------------- ----------------------------------------
Xxxxxx X. XxXxxxxx Xxxxxxx X. Xxxxxxx
------------------------------------- ----------------------------------------
Xxxxxxxxx X. Xxxxxx Xxxx Xxxx Xxxx
