THE PAYDEN & RYGEL INVESTMENT GROUP AMENDMENT NO. 42 TO MASTER TRUST AGREEMENT
Exhibit (a.43)
This Amendment No. 42 to the Master Trust Agreement of The Xxxxxx & Rygel Investment Group,
dated January 22, 1992, as amended (the “Agreement”), is made as of October 7, 2010.
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, pursuant to the unanimous written consent of the Trustees, effective as of August 31,
2009, the Xxxxxx/Wilshire Longevity Fund 2010+ was liquidated on September 14, 2009 and each of the
Xxxxxx/Wilshire Longevity Fund 2020+, Xxxxxx/Wilshire Longevity Fund 2030+ and Xxxxxx/Wilshire
Longevity Fund 2040+ was liquidated on October 16, 2009; and
WHEREAS, effective October 7, 2010, the Trustees hereby desire to establish and designate an
additional sub-trust, to be known as the Xxxxxxx/Xxxxxx European Emerging Markets Fund, and to fix
the rights and preferences of the shares of such additional sub-trust;
NOW THEREFORE:
1. Effective October 7, 2010, 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 eighteen 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 two classes of shares designated as “Investor Class” shares and “Adviser
Class” shares, respectively; Xxxxxx GNMA Fund, which shall consist of two classes of shares
designated as “Investor Class” shares and “Adviser Class” shares, respectively; Xxxxxx Core Bond
Fund, which shall consist of two classes of shares designated as “Investor Class” shares and
“Adviser Class” shares, respectively; 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
two classes of shares designated as “Investor Class” shares and “Adviser Class” shares,
respectively; 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 two classes of shares designated as “Investor Class”
shares and “Adviser Class” shares, respectively; 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 two classes of shares designated as “Investor Class” shares and “Adviser Class”
shares, respectively; Xxxxxx Global Equity Fund, which shall consist of one class of shares
designated as “Investor Class” shares; 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; and Xxxxxxx/Xxxxxx European
Emerging Markets Fund, which shall consist of one class of shares designated as “Investor Class”
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 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.
Xxxxxx X. Xxxxx, M.D.
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