THE PAYDEN & RYGEL INVESTMENT GROUP AMENDMENT NO. 55 TO MASTER TRUST AGREEMENT
THE XXXXXX & RYGEL INVESTMENT GROUP
AMENDMENT NO. 55 TO
This Amendment No. 55 to the Master Trust Agreement of The Xxxxxx & Rygel Investment Group, dated January 22, 1992, as amended (the “Agreement”), is made as of September , 2014.
WHEREAS, pursuant to the Agreement, the Trustees have previously established and designated eighteen sub-trusts known as the Payden Cash Reserves Money Market Fund, Xxxxxx Limited Maturity Fund, Xxxxxx Low Duration Fund, Xxxxxx U.S. Government Fund, Xxxxxx GNMA Fund, Xxxxxx Core Bond Fund, Xxxxxx Corporate Bond Fund, Xxxxxx High Income Fund, Xxxxxx Floating Rate Fund, Xxxxxx Strategic Income Fund, Xxxxxx California Municipal Income Fund, Xxxxxx Global Low Duration Fund, Xxxxxx Global Fixed Income Fund, Xxxxxx Emerging Markets Bond Fund, Xxxxxx Emerging Markets Local Bond Fund, Xxxxxx Emerging Markets Corporate Bond Fund, Xxxxxx Equity Income Fund and Xxxxxx/Xxxxxxx 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, the Trustees hereby desire to establish and designate an additional sub-trust, to be known as the Xxxxxx Absolute Return Bond Fund and to fix the rights and preferences of the shares of such additional sub-trust;
NOW THEREFORE:
1. Effective as of the date set forth above, 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 nineteen 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 Low Duration 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 Floating Rate Fund, which shall consist of three classes of shares designated as “Investor Class” shares, “Adviser Class” shares and “Institutional Class” shares, respectively; Xxxxxx Strategic Income Fund, which shall consist of three classes of shares designated as “Investor Class” shares, “Adviser Class” shares and “Institutional Class” shares, respectively; Xxxxxx Absolute Return Bond Fund, which shall consist of three classes of shares designated as “Investor Class” shares, “Adviser Class” shares and “SI Class” shares, respectively; Xxxxxx California Municipal Income Fund, which shall consist of one class of shares designated as “Investor Class” shares; Xxxxxx Global Low Duration 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 three classes of shares designated as “Investor Class” shares, “Adviser Class” shares and “Institutional Class” shares, respectively; Xxxxxx Emerging Markets Local Bond Fund, which shall consist of two classes of shares designated as “Investor Class” shares and “Adviser Class” shares, respectively; Xxxxxx Emerging Markets Corporate Bond Fund, which shall consist of three classes of shares designated as “Investor Class” shares, “Adviser Class” shares and “Institutional Class” shares, respectively; Xxxxxx Equity Income Fund, which shall consist of three classes of shares designated as “Investor Class” shares, “Adviser Class” shares and SI Class shares, respectively; 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.
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.
|
|
| |||
| Xxxx X. Xxxxxx | Xxxxxx X. Xxxxxxxx | |||
|
|
| |||
| X. X. Xxxxxx, Xx. | Xxxxxx X. Xxxxxxx | |||
|
|
| |||
| Xxxxxx X. Xxxxx, M.D. | Xxxxxxx X. Xxxxxx | |||
|
|
| |||
| Xxxxxx X. XxXxxxxx | Xxxxxxx X. Xxxxxxx | |||
|
|
| |||
| Xxxxxxxxx X. Xxxxxx | Xxxx Xxxx Xxxx | |||
