VAN ECK FUNDS
AMENDMENT NO. 7
TO AMENDED AND RESTATED MASTER TRUST AGREEMENT
Amendment No. 7 to the Amended and Restated Master Trust Agreement dated
February 6, 1992 (amending the Master Trust Agreement dated April 3, 1985) (the
"Agreement"), of Van Eck Funds (the "Trust"), made at New York, New York this
26th day of October, 1994.
W I T N E S S E T H:
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WHEREAS, Article VII, Section 7.3 of the Agreement provides that any
amendment to the Agreement that adversely affects the rights of shareholders may
be adopted at any time by an instrument in writing signed by a majority of the
Trustees (or by an officer of the Trust pursuant to a vote of a majority of such
Trustees) when authorized to do so by the vote in accordance with subsection (e)
of Section 4.2 of shareholders holding a majority of the shares entitled to
vote; and
WHEREAS, Section 4.1 of the Agreement provides that the Trustees of the
Trust may establish and designate series of Shares of the Trust and classes
thereof; and
WHEREAS, a majority of the Trustees have voted to establish a new series of
the Trust, which is designated as Global Hard Assets Fund and to establish two
classes of Shares thereof, which are designated as Class A and Class C; and
WHEREAS, a majority of Trustees have duly approved this amendment to the
Agreement and authorized the same to be filed with the Secretary of State of the
Commonwealth of Massachusetts.
NOW, THEREFORE, the undersigned Xxxxxxxx Xxxxxxxxxxx, a duly elected and
serving Secretary 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 as follows:
"Section 4.2 Establishment and Description of Sub-Trusts. Without
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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 eleven SubTrusts: World Trends Fund,
Gold/Resources Fund (Class A and Class C), U.S. Government Money Fund,
Global Income Fund (Class A and Class B), International Growth Fund,
International Investors Gold Fund (Class A and Class C), Asia Dynasty
Fund (Class A and Class B), Asia Infrastructure Fund (Class A and
Class C), Global Balanced Fund (Class A and Class B), Global SmallCap
Fund (Class A and Class C) and Global Hard Assets Fund (Class A and
Class C). The World Trends Fund, Gold/Resources Fund (Class A and
Class C), U.S. Government Money Fund, Global Income Fund (Class A and
Class B), International Growth Fund, International Investors Gold Fund
(Class A and Class C), Asia Dynasty Fund (Class A and Class B), Asia
Infrastructure Fund (Class A and Class C), Global Balanced Fund (Class
A and Class B), Global SmallCap Fund (Class A and Class C) and Global
Hard Assets Fund (Class A and Class C) 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 following relative rights and
preferences:"
WITNESS my hand and seal this 26th day of October, 1994.
/s/ Xxxxxxxx Xxxxxxxxxxx
Xxxxxxxx Xxxxxxxxxxx, Secretary
STATE OF NEW YORK )
)
COUNTY OF NEW YORK )
Then personally appeared the above-named Xxxxxxxx Xxxxxxxxxxx and
acknowledged this instrument to be his free act and deed this 26th day of
October, 1994.
/s/ Xxxxx X. Xxxxx
Notary Public
My Commission Expires: 12/31/94
