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EXHIBIT (a.24)
THE XXXXXX & RYGEL INVESTMENT GROUP
AMENDMENT NO. 23 TO
MASTER TRUST AGREEMENT
This Amendment No. 23 to the Master Trust Agreement of The Xxxxxx & Rygel
Investment Group, dated January 22, 1992, as amended (the Agreement"), is made
as of February 29, 2000.
WHEREAS, pursuant to the Agreement, the Trustees have previously
established and designated twenty-two sub-trusts known as the Xxxxxx & Rygel
Limited Maturity Fund, Xxxxxx & Rygel Short Bond Fund, Xxxxxx & Rygel U.S.
Government Fund, Xxxxxx & Rygel GNMA Fund, Xxxxxx & Rygel Investment Quality
Bond Fund, Xxxxxx & Rygel Total Return Fund, Xxxxxx & Rygel High Income Fund,
Bunker Hill Money Market Fund, Xxxxxx & Rygel Short Duration Tax Exempt Fund,
Xxxxxx & Rygel Tax Exempt Bond Fund, Xxxxxx & Rygel California Municipal Income
Fund, Xxxxxx & Rygel Growth & Income Fund, Xxxxxx & Rygel Market Return Fund,
Xxxxxx & Rygel U.S. Growth Leaders Fund, Xxxxxx & Rygel Small Cap Leaders Fund,
Xxxxxx & Rygel Global Short Bond Fund, Xxxxxx & Rygel Global Fixed Income Fund,
Xxxxxx & Rygel Emerging Markets Bond Fund, Xxxxxx & Rygel Global Balanced Fund,
Xxxxxx & Rygel European Growth & Income Fund, Xxxxxx & Rygel EuroDirect Fund and
Xxxxxx & Rygel European Aggressive Growth 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 liquidate, and have authorized the
liquidation of, the Xxxxxx & Rygel EuroDirect Fund;
NOW THEREFORE:
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
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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: Xxxxxx & Rygel Limited Maturity Fund, which shall consist of two
classes of shares designated as "Class R" and "Class S" shares; Xxxxxx &
Rygel Short Bond Fund, which shall consist of two classes of shares
designated as "Class R" and "Class S" shares; Xxxxxx & Rygel U.S.
Government Fund, which shall consist of two classes of shares designated as
"Class R" and "Class S" shares; Xxxxxx & Rygel Investment Quality Bond
Fund, which shall consist of two classes of shares designated as "Class R"
and "Class S" shares; Xxxxxx & Rygel Total Return Fund, which shall consist
of two classes of shares designated as "Class R" and "Class S" shares;
Xxxxxx & Rygel GNMA Fund, which shall consist of two classes of shares
designated as "Class R" and "Class S" shares; Xxxxxx & Rygel High Income
Fund, which shall consist of two classes of shares designated as "Class R"
and "Class S" shares; Bunker Hill Money Market Fund, which shall consist of
two classes of shares designated as "Class R" and "Class D" shares; Xxxxxx
& Rygel Short Duration Tax Exempt Fund, which shall consist of two classes
of shares designated as "Class R" and "Class S" shares; Xxxxxx & Rygel Tax
Exempt Bond Fund, which shall consist of two classes of shares designated
as "Class R" and "Class S" shares; Xxxxxx & Rygel California Municipal
Income Fund, which shall consist of two classes of shares designated as
"Class R" and "Class S" shares; Xxxxxx & Rygel Growth & Income Fund, which
shall consist of two classes of shares designated as "Class R" and "Class
S" shares; Xxxxxx & Rygel Market Return Fund, which shall consist of two
classes of shares designated as "Class R" and "Class S" shares; Xxxxxx &
Rygel U.S. Growth Leaders Fund, which shall consist of two classes of
shares designated as "Class R" and "Class S" shares; Xxxxxx & Rygel Small
Cap Leaders Fund, which shall consist of two classes of shares designated
as "Class R" and "Class S" shares; Xxxxxx & Rygel Global Short Bond Fund,
which shall consist of two classes of shares designated as "Class R" and
"Class S" shares; Xxxxxx & Rygel Global Fixed Income Fund, which shall
consist of two classes of shares designated as "Class R" and "Class S"
shares; Xxxxxx & Rygel Emerging Markets Bond Fund, which shall consist of
two classes of shares designated as "Class R" and "Class
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S" shares; Xxxxxx & Rygel Global Balanced Fund, which shall consist of two
classes of shares designated as "Class R" and "Class S" shares; Xxxxxx &
Rygel European Growth & Income Fund, which shall consist of two classes of
shares designated as "Class R" and "Class S" shares; and Xxxxxx & Rygel
European Aggressive Growth Fund, which shall consist of two classes of
shares designated as "Class R" and "Class S" 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 X.X. Xxxxxx, Xx.
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Xxxx Xxxx Xxxxxxxx Xxxxxxxxxxx X. Xxxxxxxx
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X. Xxxxxxxx La Force Xxxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxx Xxxxxx X. XxXxxxxx, Xx.
