Exhibit (a.41)
THE XXXXXX & RYGEL INVESTMENT GROUP
AMENDMENT NO. 40 TO
MASTER TRUST AGREEMENT
This Amendment No. 40 to the Master Trust Agreement of The Xxxxxx & Rygel
Investment Group, dated January 22, 1992, as amended (the "Agreement"), is made
as of March 17, 2009.
WHEREAS, pursuant to the Agreement, the Trustees have previously
established and designated twenty-one sub-trusts known as the Payden Cash
Reserves Money Market Fund, Xxxxxx Limited Maturity Fund, Xxxxxx Short Bond
Fund, Xxxxxx U.S. Government Fund, Xxxxxx GNMA Fund, Xxxxxx Core Bond Fund,
Xxxxxx Corporate Bond Fund, Xxxxxx High Income Fund, Xxxxxx Tax Exempt Bond
Fund, Xxxxxx California Municipal Income Fund, Xxxxxx Value Leaders Fund, Xxxxxx
U.S. Growth Leaders Fund, Xxxxxx Global Short Bond Fund, Xxxxxx Global Fixed
Income Fund, Xxxxxx Emerging Markets Bond Fund, Xxxxxx Global Equity Fund,
Xxxxxx/Wilshire Longevity Fund 2010+, Xxxxxx/Wilshire Longevity Fund 2020+,
Xxxxxx/Wilshire Longevity Fund 2030+, Xxxxxx/Wilshire Longevity Fund 2040+ and
Xxxxxx/Kravitz Cash Balance Plan 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, effective March 17, 2009, the Trustees hereby desire to establish
and designate an additional share class, the "Retirement Class," of the
Xxxxxx/Xxxxxxx Cash Balance Plan Fund, and to fix the rights and preferences of
the shares of such additional share class of the Xxxxxx/Kravitz Cash Balance
Plan Fund;
NOW THEREFORE:
1. Effective March 17, 2009, 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 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: Payden Cash Reserves Money
Market Fund, which shall consist of two classes of shares designated as
"Investor Class" shares and "Class D" shares, respectively; Xxxxxx Limited
Maturity Fund, which shall consist of one class of shares designated as
"Investor Class" shares; Xxxxxx Short Bond Fund, which shall consist of one
class of shares designated as "Investor Class" shares; Xxxxxx U.S. Government
Fund, which shall consist of one class of shares designated as "Investor Class"
shares; Xxxxxx GNMA Fund, which shall consist of one class of shares designated
as "Investor Class" shares; Xxxxxx Core Bond Fund, which shall consist of one
class of shares designated as "Investor Class" shares; Xxxxxx Corporate Bond
Fund, which shall consist of one class of shares designated as "Investor Class"
shares; Xxxxxx High Income Fund, which shall consist of one class of shares
designated as "Investor Class" shares; Xxxxxx Tax Exempt Bond Fund, which shall
consist of one class of shares designated as "Investor Class" shares; Xxxxxx
California Municipal Income Fund, which shall consist of one class of shares
designated as "Investor Class" shares; Xxxxxx Global Short Bond Fund, which
shall consist of one class of shares designated as "Investor Class" shares;
Xxxxxx Global Fixed Income Fund, which shall consist of one class of shares
designated as "Investor Class" shares; Xxxxxx Emerging Markets Bond Fund, which
shall consist of one class of shares designated as "Investor Class" shares;
Xxxxxx Value Leaders Fund, which shall consist of one class of shares designated
as "Investor Class" shares; Xxxxxx U.S. Growth Leaders Fund, which shall consist
of one class of shares designated as "Investor Class" shares; Xxxxxx Global
Equity Fund, which shall consist of one class of shares designated as "Investor
Class" shares; Xxxxxx/Wilshire Longevity Fund 2010+, which shall consist of one
class of shares designated as "Investor Class" shares; Xxxxxx/Wilshire Longevity
Fund 2020+, which shall consist of one class of shares designated as "Investor
Class" shares; Xxxxxx/Wilshire Longevity Fund 2030+, which shall consist of one
class of shares designated as "Investor Class" shares; Xxxxxx/Wilshire Longevity
Fund 2040+, which shall consist of one class of shares designated as "Investor
Class" shares, and Xxxxxx/Kravitz Cash Balance Plan Fund, which shall consist of
three classes of shares designated as "Institutional Class" shares, "Adviser
Class" shares and "Retirement Class" shares, respectively. 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.
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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 Xxxxxx X. Xxxxxxxx
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X. X. Xxxxxx, Xx. Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxx, M.D. Xxxxxxx X. Xxxxxx
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Xxxxxx X. XxXxxxxx Xxxxxxx X. Xxxxxxx
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Xxxxxxxxx X. Xxxxxx Xxxx Xxxx Xxxx
