Exhibit A(1)(b)
EXECUTION COPY
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NASDAQ-100 TRUST, SERIES 1
TRUST INDENTURE AND AGREEMENT
Dated March 4, 1999
Incorporating
Standard Terms and Conditions of Trust
for NASDAQ-100 TRUST, SERIES 1
and subsequent and similar
series of the NASDAQ-100 TRUST
Dated as of March 1, 1999,
Effective Date
March 4, 1999
Between
NASDAQ-AMEX INVESTMENT PRODUCT SERVICES, INC.,
As Sponsor
and
THE BANK OF NEW YORK
As Trustee
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This TRUST INDENTURE AND AGREEMENT dated March 4, 1999 (the
"Indenture"), is between Nasdaq-Amex Investment Product Services, Inc., a
Delaware corporation, as Sponsor, and The Bank of New York, a New York
corporation with trust powers, as Trustee, and sets forth certain of its
provisions in full and incorporates other of its provisions by reference to a
document entitled "Standard Terms and Conditions of Trust" dated as of March 1,
1999, between the parties hereto (hereinafter called the "Agreement;" and
together with the Indenture, the "Indenture and Agreement"), such provisions as
are set forth in full and such provisions as are incorporated by reference
constituting a single instrument.
W I T N E S S E T H:
WHEREAS, the parties hereto have entered into the Agreement in order to
facilitate the creation of series of securities issued under a unit investment
trust in accordance with the provisions of the Investment Company Act of 1940,
as amended, and the laws of the State of New York, such series representing
undivided interests in a trust fund composed primarily of Securities (as defined
in the Agreement) included from time to time in the Nasdaq-100 Index (R) (the
"Index");
WHEREAS, the parties now desire to create the first of the aforesaid
series; and
WHEREAS, this first series of the Trust shall be designated and known
as the "Nasdaq-100 Trust, Series 1" and shall be subject to the terms and
provisions of this Indenture and of the Agreement incorporated herein;
NOW, THEREFORE, in consideration of the premises and of the mutual
agreements herein contained, the Sponsor and the Trustee agree as follows:
Section 1. INCORPORATION OF AGREEMENT. Subject to the provisions of
Section 2 hereof, all of the provisions of the Agreement are incorporated herein
by reference in their entirety and shall be deemed to be a part of this
instrument as though such provisions had been set forth in full in this
instrument.
Section 2. SPECIFIC TERMS OF THIS SERIES. The parties hereby agree to
the following terms for the Nasdaq-100 Trust, Series 1:
A. The securities portion of the Initial Portfolio Deposit deposited on
the date hereof pursuant to Section 2.02 of the Agreement is comprised of the
securities set forth in Schedule A hereto. The Cash Component of the Initial
Portfolio Deposit deposited on the date hereof is also set forth on Schedule A
hereto.
B. (1) The number of Creation Unit size aggregations of Nasdaq-100
Shares to be delivered on the Initial Date of Deposit in exchange for the
Initial Portfolio Deposit for this Series is three (3).
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(2) The initial fractional undivided interest represented by
each Creation Unit size aggregation of Nasdaq-100 Shares shall be one-third
(1/3).
(3) The number of Nasdaq-100 Shares which, when aggregated,
constitute one Creation Unit is 50,000.
C. The Initial Date of Deposit of this Series of the Trust is the date
hereof.
D. The Mandatory Termination Date for the Trust shall be (1) one
hundred-twenty- five years from the Initial Date of Deposit, which is March 4,
2124 or (2) the date twenty (20) years after the death of the last survivor of
the fifteen (15) persons named below under the List of Measuring Lives,
whichever occurs first:
LIST OF MEASURING LIVES
NAME AND ADDRESS DATE OF BIRTH
1. Xxxxxx Xxxxxx Xxxxxx 12/25/90
0000 Xxxxxxx Xxxxx Xxxx
Xxxxxxxx, XX 00000-0000
2. Xxxxx Xxxxxx Xxxxxx 09/20/93
0000 Xxxxxxx Xxxxx Xxxx
Xxxxxxxx, XX 00000-0000
3. Xxxx Xxxxxx Xxxxxx 10/25/95
0000 Xxxxxxx Xxxxx Xxxx
Xxxxxxxx, XX 00000-0000
4. Xxxxxxx Xxxxxxxxx Xxxxxxx 03/12/93
00000 Xx. Xxxxxxxxx Xxx
Xxxxxx Xxxxxx, XX 00000
5. Xxxxx Xxxxxxxxx Xxxxxxx 07/06/96
00000 Xx. Xxxxxxxxx Xxx
Xxxxxx Xxxxxx, XX 00000
6. Xxxxxx Xxxxxx Bloom 03/14/95
000 Xxxxxxxxx Xxxx
Xxxxx Xxxxx, XX 00000
7. Talia Xxxxx Xxxxxxx 08/17/95
0000 Xxxxxxxxx Xxxxx
Xxxxx Xxxxx, XX 00000
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8. Xxxxxxx Xxxxx Xxxxxxx 05/09/90
0000 Xxxxxxxxx Xxxxx
Xxxxx Xxxxx, XX 00000
9. Noah Xxxxx Xxxxxxx 01/31/86
0000 Xxxxxxxxx Xxxxx
Xxxxx Xxxxx, XX 00000
10. Kaitlyn Xxxxx Xxxx 01/10/95
00000 Xxxxxxxx Xxxxx
Xxxx Xxxxx, XX 00000
11. Austin Xxxxxxx Xxxxxxx 09/24/96
0000 Xxxxxx Xxxx
Xxxxxxx, XX 00000
12. Xxxxxx Xxxxxxxx Xxxxxx 12/12/91
0000 Xxxxxxxx Xxxx
Xxxxxxxx, XX 00000
13. Xxxx Xxxxxxxx Xxxxxx 07/12/94
0000 Xxxxxxxx Xxxx
Xxxxxxxx, XX 00000
14. Xxxxxxxxx Xxx Xxxxxx 08/29/88
00 Xxxxxxx Xxxx
Xx. Xxxxx, XX 00000
15. Xxxxxxxxx Xxxx Xxxxxx 04/03/91
00 Xxxxxxx Xxxx
Xx. Xxxxx, XX 00000
E. The Trust's taxable year shall be the year ending each September 30.
F. This Indenture may be simultaneously executed in several
counterparts, each of which shall be an original and all of which shall
constitute but one and the same instrument.
G. The Sponsor hereby undertakes, at its sole discretion and until
further notice, that on each day during each fiscal year of the Trust up to and
including the fiscal year ending September 30, 2000, the ordinary operating
expenses of the Trust as calculated by the Trustee will not be permitted to
exceed an amount which is 18/100 of one percent (0.18%) per annum of the daily
net asset value of the Trust. To the extent during such period the ordinary
operating expenses of the Trust do exceed such 0.18% level, the Sponsor will
reimburse the Trust or assume invoices on behalf of the Trust for such excess
ordinary operating expenses. The
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Sponsor retains the ability to be repaid by the Trust for expenses so reimbursed
or assumed to the extent that subsequently during the fiscal year expenses fall
below the 0.18% per annum level on any given day. For purposes of this
undertaking by the Sponsor, ordinary operating expenses of the Trust shall not
include taxes, brokerage commissions, and such extraordinary non-recurring
expenses as may arise, including without limitation the cost of any litigation
to which the Trust or Trustee may be a party. After September 30, 2000, the
Sponsor may discontinue its undertaking to limit ordinary operating expenses of
the Trust or renew this undertaking for an additional period of time, or may
choose to reimburse or assume certain Trust expenses in later periods in order
to keep Trust expenses at a level lower than what would reflect ordinary
operating expenses of the Trust, but is not obligated to do so.
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IN WITNESS WHEREOF, Nasdaq-Amex Investment Product Services, Inc. and
The Bank of New York have caused this Indenture to be executed and attested as
of the date first above written.
NASDAQ-AMEX INVESTMENT PRODUCT
SERVICES, INC., as Sponsor
By: /s/ L. XXXXX XXXXXXX
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Name: L. Xxxxx Xxxxxxx
Title: President and Chief
Executive Officer
Attest:
/s/ XXXX X. XXXXXX
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Name: Xxxx X. Xxxxxx
Title: Executive Vice President
THE BANK OF NEW YORK,
as Trustee
By: /s/ XXXXXX X. XXXXXXXX
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Name: Xxxxxx X. Xxxxxxxx
Title: Vice President
Attest:
/s/ XXXXXX XXXXXXX
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Name: Xxxxxx Xxxxxxx
Title: Vice President
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SCHEDULE A
NASDAQ-100 TRUST, SERIES 1
SECURITIES DEPOSITED WITH THE TRUST
ON THE INITIAL DATE OF DEPOSIT
NAME OF ISSUER SHARES VALUE
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Microsoft Corporation 14,427 $2,196,510.75
Intel Corporation 9,825 1,113,909.38
Cisco Systems, Inc. 9,483 931,704.75
MCI WordCom, Inc. 11,088 907,830.00
Dell Computer Corporation 7,887 645,748.13
Oracle Corporation 10,218 371,679.75
Sun Microsystems, Inc. 2,784 282,228.00
Amgen Inc. 3,990 258,103.13
Yahoo! Inc. 1,596 241,794.00
Tele-Communications, Inc. 3,630 235,950.00
Xxxxxx.xxx, Inc. 1,767 212,260.88
Xxxxx 0 Communications, Inc. 3,585 207,705.94
Comcast Corporation 2,715 194,801.25
Applied Materials, Inc. 3,210 184,775.63
Qwest Communications International Inc. 2,955 176,561.25
Nextel Communications, Inc. 5,838 170,761.50
Costco Companies, Inc. 1,929 167,340.75
Netscape Communications Corporation 2,094 159,929.25
Biogen, Inc. 1,521 159,705.00
Ascend Communications, Inc. 2,043 157,055.63
Nordstrom Inc. 3,666 153,972.00
Cintas Corporation 2,118 153,422.63
Linear Technology Corporation 3,378 150,321.00
Tellabs, Inc. 1,860 148,916.25
Staples, Inc. 5,205 148,342.50
Novell, Inc. 7,098 142,403.63
Chancellor Media Corporation 2,928 141,825.00
Maxim Integrated Products, Inc. 3,081 140,185.50
Immunex Corporation 924 137,964.75
LM Ericsson Telephone Company 5,202 131,350.50
Altera Corporation 2,301 124,110.19
Xilinx, Inc. 1,722 119,033.25
Starbucks Corporation 2,082 117,763.13
PanAmSat Corporation 3,381 115,376.63
Intuit Inc. 1,263 115,090.88
ADC Telecommunications, Inc. 2,829 112,099.13
A-1
SECURITIES DEPOSITED WITH THE TRUST
ON THE INITIAL DATE OF DEPOSIT (CONT'D)
NAME OF ISSUER SHARES VALUE
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Paychex, Inc. 2,607 111,775.13
Network Associates, Inc. 2,358 107,289.00
XXXXXXXX Xxxxxxxxxxxx 1,434 106,743.38
BMC Software, Inc. 2,760 106,432.50
Apple Computer, Inc. 3,156 105,528.75
PeopleSoft, Inc. 5,535 102,051.56
Bed Bath & Beyond Inc. 3,138 99,435.38
Compuware Corporation 3,810 96,916.88
Biomet, Inc. 2,541 96,716.81
KLA-Tencor Corporation 1,782 94,000.50
Parametric Technology Corporation 6,216 91,297.50
USA Networks, Inc. 2,382 91,111.50
Chiron Corporation 4,200 90,825.00
Fiserv, Inc. 1,725 85,818.75
NTL Incorporated 1,050 83,868.75
Genzyme General 1,701 81,966.94
Quintiles Transnational Corp. 1,836 81,013.50
3Com Corporation 3,060 76,500.00
American Power Conversion Corporation 2,115 70,059.38
Citrix Systems, Inc. 852 68,213.25
Quantum Corporation 3,423 67,176.38
Synopsys, Inc. 1,368 63,355.50
Smurfit-Stone Container Corporation 3,543 63,109.69
Vitesse Semiconductor Corporation 1,335 62,745.00
Jacor Communications, Inc. 897 62,677.88
PACCAR Inc. 1,473 62,142.19
VERITAS Software Corporation 816 61,404.00
Concord EFS, Inc. 1,854 60,486.75
Comverse Technology, Inc. 780 56,452.50
Sanmina Corporation 996 53,784.00
Centocor, Inc. 1,155 47,932.50
Sigma-Xxxxxxx Corporation 1,779 47,588.25
Adobe Systems Incorporated 996 45,442.50
Electronic Arts Inc. 1,032 42,828.00
Reuters Group PLC 483 41,296.50
Apollo Group, Inc. 1,215 36,981.56
Dollar Tree Stores, Inc. 906 36,636.38
PacifiCare Health Systems, Inc. 471 35,737.13
Molex Incorporated 1,260 35,673.75
Comair Holdings, Inc. 903 35,668.50
McLeodUSA Incorporated 861 35,301.00
A-2
SECURITIES DEPOSITED WITH THE TRUST
ON THE INITIAL DATE OF DEPOSIT (CONT'D)
NAME OF ISSUER SHARES VALUE
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Food Lion, Inc. 3,468 33,813.00
Adaptec, Inc. 1,497 31,437.00
Xxxx Stores, Inc. 600 28,687.50
Northwest Airlines Corporation 1,128 28,341.00
Lincare Holdings Inc. 819 28,050.75
Autodesk, Inc. 654 26,405.25
XxXxxxxxx & Company, Incorporated 894 25,032.00
Electronics for Imaging, Inc. 702 24,657.75
Xxxxxxx Enterprises, Inc. 1,563 22,858.88
FORE Systems, Inc. 1,545 21,726.56
Atmel Corporation 1,254 21,082.88
Microchip Technology Incorporated 717 20,389.69
Xxxxxx Xxxxxx, Inc. 1,140 18,667.50
Cambridge Technology Partners, Inc. 714 17,939.25
Fastenal Company 474 17,775.00
Xxxxxx Corporation 1,098 16,058.25
Micron Electronics, Inc. 1,320 15,840.00
Worthington Industries, Inc. 1,074 14,096.25
CBRL Group, Inc. 753 13,601.06
Tech Data Corporation 741 12,735.94
Rexall Sundown, Inc. 759 11,385.00
First Health Group Corp. 681 11,023.69
Corporate Express, Inc. 1,089 5,649.19
Total Investments- (Cost $14,497,769.75) $14,497,769.75
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AMOUNT OF CASH COMPONENT DEPOSITED
WITH THE TRUST ON THE INITIAL DATE OF DEPOSIT $ 0
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