Exhibit a.35
THE XXXXXX & RYGEL INVESTMENT GROUP
AMENDMENT NO. 34 TO
MASTER TRUST AGREEMENT
This Amendment No. 34 to the Master Trust Agreement of The Xxxxxx & Rygel
Investment Group, dated January 22, 1992, as amended (the Agreement"), is made
as of February 27, 2006.
WHEREAS, pursuant to the Agreement, the Trustees have previously
established and designated nineteen sub-trusts known as the Xxxxxx Limited
Maturity Fund, Xxxxxx Short Bond Fund, Xxxxxx U.S. Government Fund, Xxxxxx GNMA
Fund, Xxxxxx Core Bond Fund, Xxxxxx Opportunity Bond Fund, Xxxxxx Real Return
Fund, Xxxxxx High Income Fund, Bunker Hill Money Market Fund, Xxxxxx Tax Exempt
Bond Fund, Xxxxxx California Municipal Income Fund, Xxxxxx Growth & Income Fund,
Xxxxxx Market Return Fund, Xxxxxx U.S. Growth Leaders Fund, Xxxxxx Small Cap
Leaders Fund, Xxxxxx Global Short Bond Fund, Xxxxxx Global Fixed Income Fund,
Xxxxxx Emerging Markets Bond Fund and Xxxxxx Plus 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 February 27, 2006, the Trustees hereby desire to
liquidate the Xxxxxx Real Return Fund, to delete the Xxxxxx Plus Fund which was
never opened or funded, and to change the name of the "Xxxxxx Growth & Income
Fund" to the "Xxxxxx Value Leaders Fund;"
NOW THEREFORE:
1. Effective February 27, 2006, 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 seventeen
Sub-trusts and classes thereof: 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 Core Bond Fund, which shall consist of one class of shares
designated as "Investor Class" shares; Xxxxxx Opportunity Bond 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 High Income Fund, which shall consist of one class of
shares designated as "Investor Class" shares; Bunker Hill Money Market Fund,
which shall consist of two classes of shares designated as "Investor Class" and
"Class D" 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 Value Leaders Fund, which shall consist of one class of
shares designated as "Investor Class" shares; Xxxxxx Market Return 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 Small Cap Leaders 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; and
Xxxxxx Emerging Markets Bond 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
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 Xxxxxxxxxxx X. Xxxxxxxx
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X. X. Xxxxxx, Xx. Xxxxxx X. Xxxxxxx
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X. Xxxxxxxx La Force Xxxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxx, M.D. Xxxx Xxxx Xxxx
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Xxxxxx X. XxXxxxxx, Xx.
