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EXHIBIT 99.(1.15)
THE XXXXXX & RYGEL INVESTMENT GROUP
AMENDMENT NO. 14 TO
MASTER TRUST AGREEMENT
This Amendment No. 14 to the Master Trust Agreement of The Xxxxxx &
Rygel Investment Group dated January 22, 1992, as amended (the "Agreement"), is
made as of June 11, 1997.
WHEREAS, pursuant to the Agreement, the Trustees have previously
established and designated fifteen sub-trusts known as the Xxxxxx & Rygel Global
Fixed Income Fund, the Xxxxxx & Rygel International Bond Fund, the Xxxxxx &
Rygel Tax Exempt Bond Fund, the Xxxxxx & Rygel Short Bond Fund, the Xxxxxx &
Rygel Intermediate Bond Fund, the Xxxxxx & Rygel Opportunity Fund, the Xxxxxx &
Rygel Limited Maturity Fund, the Xxxxxx & Rygel Short Duration Tax Exempt Fund,
the Xxxxxx & Rygel U.S. Treasury Fund, the Xxxxxx & Rygel Market Return Fund,
the Xxxxxx & Rygel Growth & Income Fund, the Xxxxxx & Rygel Global Short Bond
Fund, the Xxxxxx & Rygel Total Return Fund, the Xxxxxx & Rygel International
Equity Fund and the Xxxxxx & Rygel Global Balanced 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 establish and designate one
addition sub-trust, to be known as the Xxxxxx & Rygel European Growth & Income
Fund, and to fix the rights and preferences of the shares of such additional
sub-trust;
NOW THEREFORE:
The first paragraph of Section 4.2 of the Agreement is hereby amended
to read in pertinent part as follows:
"Section 4.2 Establishment and Designation of Sub-Trusts.
Without limiting the authority of
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the Trustee set forth in Section 4.1 to establish and designate any
further Sub-Trusts, the Trustees hereby establish and designate fifteen
Sub-Trusts and classes thereof: the Xxxxxx & Rygel Global Fixed Income
Fund, which shall consist of two classes of shares designated as "Class
A" and "Class B" shares; the Xxxxxx & Rygel Tax-Exempt Bond Fund, which
shall consist of two classes of shares designated as "Class A" and
"Class B" shares; the Xxxxxx & Rygel Limited Maturity Fund, which shall
consist of two classes of shares designated as "Class A" and "Class B"
shares; the Xxxxxx & Rygel Short Bond Fund, which shall consist of two
classes of shares designated as "Class A" and "Class B" shares; the
Xxxxxx & Rygel Intermediate Bond Fund, which shall consist of two
classes of shares designated as "Class A" and "Class B" shares; the
Xxxxxx & Rygel Investment Quality Bond Fund, which shall consist of two
classes of shares designated as "Class A" and "Class B" shares; the
Xxxxxx & Rygel Short Duration Tax Exempt Fund, which shall consist of
two classes of shares designated as "Class A" and Class B" shares; the
Xxxxxx & Rygel U.S. Treasury Fund, which shall consist of two classes
of shares designated as "Class A" and "Class B" shares; the Xxxxxx &
Rygel International Bond Fund, which shall consist of two classes of
shares designated as "Class A" and "Class B" shares; the Xxxxxx & Rygel
Market Return Fund, which shall consist of two classes of shares
designated as "Class A" and "Class B" shares; the Xxxxxx & Rygel Growth
& Income Fund, which shall consist of two classes of shares designated
as "Class A" and "Class B" shares; the Xxxxxx & Rygel Global Short Bond
Fund, which shall consist of two classes of shares designated as "Class
A" and "Class B" shares; the Xxxxxx & Rygel Total Return Fund, which
shall consist of two classes of shares designated as "Class A" and
"Class B" shares; the Xxxxxx & Rygel International Equity Fund, which
shall consist of two classes of shares designated as "Class A" and
"Class B" shares; the Xxxxxx & Rygel Global Balanced Fund, which shall
consist of two classes of shares designated as "Class A" and "Class B"
shares; and the Xxxxxx & Rygel European Growth & Income Fund, which
shall consist of two classes of
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shares designated as "Class A" and "Class B". 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.
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 Xxxxx X. Xxxxx
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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.
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X.X. Xxxxxx, Xx.
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