XXX XXX WORLDWIDE INSURANCE TRUST
AMENDMENT NO. 16
TO MASTER TRUST AGREEMENT
Amendment No. 16 to the Master Trust Agreement dated January 7, 1987, as
amended (the "Agreement") of Van Eck Worldwide Insurance Trust (the "Trust"),
made at New York, New York, this 21st day of September, 2005.
WITNESSETH:
WHEREAS, Article VII, Section 7.3 of the Agreement provides that the
Agreement may be amended from time to time, as long as such amendment does not
adversely affect the rights of any shareholder, and as long as such amendment is
not in contravention of applicable law, including the Investment Company Act of
1940, as amended, 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;
WHEREAS, a majority of the Trustees have duly authorized this amendment to
the Agreement to reflect the establishment of a new class of shares to be
designated "S Class", as more fully detailed below; and
WHEREAS, a majority of Trustees have duly authorized this amendment to the
Agreement to be filed with the Secretary of State of the Commonwealth of
Massachusetts.
NOW, THEREFORE, the undersigned, Xxxxxxxx Xxxxxxxxxxx, a duly elected and
acting Secretary and Chief Compliance Officer of the Trust, pursuant to the
authorization described above, hereby declares that the initial paragraph of
Article IV, Section 4.2 of the Agreement is amended to read in its entirety as
follows:
"Section 4.2 ESTABLISHMENT AND DESIGNATION OF SUB-TRUSTS. Without limiting
the authority of the Trustees set forth in Section 4.1 to establish and
designate any further Sub-Trusts, the Trustees hereby establish and
designate five Sub-Trusts: Worldwide Bond Fund (Initial Class, R Class and
S Class), Worldwide Emerging Markets Fund (Initial Class, R Class and S
Class), Worldwide Hard Assets Fund (Initial Class, R Class and S Class),
Worldwide Real Estate Fund (Initial Class, R Class and S Class) and
Worldwide Absolute Return Fund (Initial Class, R Class and S Class). The
Shares of such Sub-Trusts and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same) have the
rights and preferences set forth in this Declaration of Trust."
[SIGNATURE PAGE FOLLOWS]
1
WITNESS my hand and seal this 21st day of September, 2005.
/s/ Xxxxxxxx Xxxxxxxxxxx
---------------------------
Xxxxxxxx Xxxxxxxxxxx, Secretary and Chief Compliance Officer
STATE OF NEW YORK )
)
COUNTY OF NEW YORK )
Then personally appeared the above-named Xxxxxxxx Xxxxxxxxxxx and
acknowledged this instrument to be his/her free act and deed this 21st day of
September, 2005.
/s/ Xxxxxxx X. Xxxxxxx
---------------------------
Notary Public
Xxxxxxx X. Xxxxxxx
Notary Public, State of New York
No. 01EM5077310
Qualified in Queens County
Comission Expires May 5, 2007
2
