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EXHIBIT 1.18
THE XXXXXX & RYGEL INVESTMENT GROUP
AMENDMENT NO. 17 TO
MASTER TRUST AGREEMENT
This Amendment No. 17 to the Master Trust Agreement of The Xxxxxx &
Rygel Investment Group dated January 22, 1992, as amended (the "Agreement"), is
made as of __________, 1998.
WHEREAS, pursuant to the Agreement, the Trustees have previously
established and designated twenty 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 Investment Bond Fund (formerly
the Xxxxxx & Rygel Opportunity Fund), the Xxxxxx & Rygel Limited Maturity Fund,
the Xxxxxx & Rygel Short Duration Tax Exempt Fund, the Xxxxxx & Rygel U.S.
Government Fund (formerly 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, the Xxxxxx & Rygel Global Balanced Fund, the
Xxxxxx & Rygel European Growth & Income Fund, the Xxxxxx & Rygel High Income
Fund, the Xxxxxx & Rygel Value Stock Fund, the Xxxxxx & Rygel Growth Stock Fund,
and the Bunker Hill Money Market Fund (formerly the PRAAM Money Market 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 International Bond Fund, effective the
day and year first above written;
NOW THEREFORE:
The first paragraph of Section 4.2 of the Agreement is hereby amended to
read in pertinent part as follow:
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"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 nineteen Sub-Trusts and classes thereof: the
Xxxxxx & Rygel Global Fixed Income Fund, which shall consist of two
classes of shares designated as "Class R" and "Class S" shares; the
Xxxxxx & Rygel Tax Exempt Bond Fund, which shall consist of two classes
of shares designated as "Class R" and "Class S" shares; the Xxxxxx &
Rygel Short Bond Fund, which shall consist of two classes of shares
designated as "Class R" and "Class S" shares; the Xxxxxx & Rygel
Intermediate Bond Fund, which shall consist of two classes of shares
designated as "Class R" and "Class S" shares; the Xxxxxx & Rygel
Investment Quality Bond Fund, which shall consist of two classes of
shares designated as "Class R" and "Class S" shares; the Xxxxxx & Rygel
Limited Maturity Fund, which shall consist of two classes of shares
designated as "Class R" and "Class S" shares; the Xxxxxx & Rygel Short
Duration Tax Exempt Bond Fund, which shall consist of two classes of
shares designated as "Class R" and "Class S" shares; the Xxxxxx & Rygel
U.S. Government Fund, which shall consist of two classes of shares
designated as "Class R" and "Class S" shares; the Xxxxxx & Rygel Market
Return Fund, which shall consist of two classes of shares designated as
"Class R" and "Class S" shares; the Xxxxxx & Rygel Growth & Income Fund,
which shall consist of two classes of shares designated as "Class R" and
"Class S" shares; the Xxxxxx & Rygel Global Short Bond Fund, which shall
consist of two classes of shares designated as "Class R" and "Class S"
shares; the Xxxxxx & Rygel Total Return Fund, which shall consist of two
classes of shares designated as "Class R" and "Class S" shares; the
Xxxxxx & Rygel International Equity Fund, which shall consist of two
classes of shares designated as "Class R" and "Class S" shares; the
Xxxxxx & Rygel Global Balanced Fund, which shall consist of two classes
of shares designated as "Class R" and "Class S" shares; the Xxxxxx &
Rygel European Growth & Income Fund, which shall consist of two classes
of shares designated as "Class R" and "Class S" shares; the Xxxxxx &
Rygel High Income Fund, which shall consist of two classes of shares
designated as "Class R" and "Class S" shares; the Xxxxxx & Rygel Value
Stock Fund, which shall consist of two classes of shares designated as
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"Class R" and "Class S" shares; the Xxxxxx & Rygel Growth Stock Fund,
which shall consist of two classes of shares designated as "Class R" and
"Class S" shares; and the Bunker Hill Money Market Fund, which shall
consist of two classes of shares designated as "Class R" and "Class D"
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 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.
