Common use of Establishment and Designation of Sub-Trusts Clause in Contracts

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following twelve Sub-Trusts: Emerging Markets Fund (Class A, Class C, Class I, Class Y and Class T), Global Hard Assets Fund (Class A, Class C, Class I, Class Y and Class T), International Investors Gold Fund (Class A, Class C, Class I, Class Y and Class T), Multi-Manager Alternatives Fund (Class A, Class C, Class I and Class Y), CM Commodity Index Fund (Class A, Class C, Class I, Class Y and Class T), Low Volatility Enhanced Commodity Fund (Class A, Class I and Class Y), Commodities Series Fund III (Class A, Class C and Class I), Commodities Series Fund IV (Class A, Class C and Class I), Unconstrained Emerging Markets Bond Fund (Class A, Class C, Class I, Class Y and Class T), Long/Short Equity Index Fund (Class A, Class I, Class Y and Class T), ▇▇▇▇▇▇ NDR Managed Allocation Fund (Class A, Class I, Class Y and Class T), and ▇▇▇▇▇▇ Morningstar Wide Moat Fund (Class I and Class Z). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences.” The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions of the Agreement.

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following twelve nine Sub-Trusts: Emerging Markets Fund (Class A, Class C, Class I, Class T, Class Y and Class TZ), Global Hard Assets Fund (Class A, Class C, Class I, Class Y and Class T), International Investors Gold Fund (Class A, Class C, Class I, Class Y and Class T), Multi-Manager Alternatives Fund (Class A, Class C, Class I and Class Y), CM Commodity Index Fund (Class A, Class C, Class I, Class Y and Class T), Low Volatility Enhanced Commodity Fund (Class A, Class I and Class Y), Commodities Series Fund III (Class A, Class C and Class I), Commodities Series Fund IV (Class A, Class C and Class I), Unconstrained Emerging Markets Bond Fund (Class A, Class C, Class I, Class Y and Class T), Long/Short Equity Index Fund (Class A, Class C, Class I, Class Y and Class T), ▇▇▇▇▇▇ NDR Managed Allocation Fund (Class A, Class I, Class Y and Class T), ) and ▇▇▇▇▇▇ Morningstar Wide Moat Fund (Class I and Class Z). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences.” The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions of the Agreement.

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following twelve ten Sub-Trusts: Emerging Markets Fund (Class A, Class C, Class I, Class Y I and Class TY), Global Hard Assets Fund (Class A, Class C, Class I, Class Y I and Class TY), International Investors Gold Fund (Class A, Class C, Class I, Class Y I and Class TY), Multi-Manager Alternatives Fund (Class A, Class C, Class I and Class Y), CM Commodity Index Fund (Class A, Class C, Class I, Class Y I and Class TY), Low Volatility Enhanced Commodity Fund (Class A, Class I and Class Y), Commodities Series Fund III (Class A, Class C and Class I), Commodities Series Fund IV (Class A, Class C and Class I), Unconstrained Emerging Markets Bond Fund (Class A, Class C, Class I, Class Y I and Class T), Y) and Long/Short Equity Index Fund (Class A, Class I, Class Y and Class T), ▇▇▇▇▇▇ NDR Managed Allocation Fund (Class A, Class I, Class Y and Class T), and ▇▇▇▇▇▇ Morningstar Wide Moat Fund (Class I and Class ZY). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences.” : The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions of the Agreement.

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following twelve eleven Sub-Trusts: Emerging Markets Fund (Class A, Class C, Class I, Class Y I and Class TY), Global Hard Assets Fund (Class A, Class C, Class I, Class Y I and Class TY), International Investors Gold Fund (Class A, Class C, Class I, Class Y I and Class TY), Multi-Manager Alternatives Fund (Class A, Class C, Class I and Class Y), CM Commodity Index Fund (Class A, Class C, Class I, Class Y I and Class TY), Low Volatility Enhanced Commodity Fund (Class A, Class I and Class Y), Commodities Series Fund III (Class A, Class C and Class I), Commodities Series Fund IV (Class A, Class C and Class I), Unconstrained Emerging Markets Bond Fund (Class A, Class C, Class I, Class Y I and Class TY), Long/Short Equity Index Fund (Class A, Class I, Class Y I and Class T), Y) and ▇▇▇▇▇▇ NDR Managed Allocation Fund (Class A, Class I, Class Y and Class T), and ▇▇▇▇▇▇ Morningstar Wide Moat Fund (Class I and Class ZY). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences.” The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions ” 3. Article VII, Section 7.6 of the Agreement.Agreement is amended to read in its entirety as follows:

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following twelve eleven Sub-Trusts: Emerging Markets Fund (Class A, Class C, Class I, Class Y and Class T), Global Hard Assets Fund (Class A, Class C, Class I, Class Y and Class T), International Investors Gold Fund (Class A, Class C, Class I, Class Y and Class T), Multi-Manager Alternatives Fund (Class A, Class C, Class I and Class Y), CM Commodity Index Fund (Class A, Class C, Class I, Class Y and Class T), Low Volatility Enhanced Commodity Fund (Class A, Class I and Class Y), Commodities Series Fund III (Class A, Class C and Class I), Commodities Series Fund IV (Class A, Class C and Class I), Unconstrained Emerging Markets Bond Fund (Class A, Class C, Class I, Class Y and Class T), Long/Short Equity Index Fund (Class A, Class I, Class Y and Class T), and ▇▇▇▇▇▇ NDR Managed Allocation Fund (Class A, Class I, Class Y and Class T), and ▇▇▇▇▇▇ Morningstar Wide Moat Fund (Class I and Class Z). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences.” The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions of the Agreement.

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following twelve ten Sub-Trusts: Emerging Markets Fund (Class A, Class C, Class I, Class Y I and Class TY), Global Hard Assets Fund (Class A, Class C, Class I, Class Y I and Class TY), International Investors Gold Fund (Class A, Class C, Class I, Class Y I and Class TY), Multi-Manager Alternatives Fund (Class A, Class C, Class I and Class Y), CM Commodity Index Fund (Class A, Class C, Class I, Class Y I and Class TY), Low Volatility Enhanced Commodity Fund (Class A, Class C, Class I and Class Y), Commodities Series Fund III (Class A, Class C and Class I), Commodities Series Fund IV (Class A, Class C and Class I), Unconstrained Emerging Markets Bond Fund (Class A, Class C, Class I, Class Y I and Class T), Y) and Long/Short Equity Index Fund (Class A, Class I, Class Y and Class T), ▇▇▇▇▇▇ NDR Managed Allocation Fund (Class A, Class I, Class Y and Class T), and ▇▇▇▇▇▇ Morningstar Wide Moat Fund (Class I and Class ZY). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences.” : The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions of the Agreement.

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following twelve eight Sub-Trusts: Emerging Markets Fund (Class A, Class C, Class I, Class Y I and Class TY), Global Hard Assets Fund (Class A, Class C, Class I, Class Y I and Class TY), International Investors Gold Fund (Class A, Class C, Class I, Class Y I and Class TY), Multi-Manager Alternatives Fund (Class A, Class C, Class I and Class Y), CM Commodity Index Fund (Class A, Class C, Class I, Class Y I and Class TY), Low Volatility Enhanced Long/Flat Commodity Index Fund (Class A, Class C, Class I and Class Y), Commodities Series Fund III (Class A, Class C and Class I), ) and Commodities Series Fund IV (Class A, Class C and Class I), Unconstrained Emerging Markets Bond Fund (Class A, Class C, Class I, Class Y and Class T), Long/Short Equity Index Fund (Class A, Class I, Class Y and Class T), ▇▇▇▇▇▇ NDR Managed Allocation Fund (Class A, Class I, Class Y and Class T), and ▇▇▇▇▇▇ Morningstar Wide Moat Fund (Class I and Class Z). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences.” . The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions of the Agreement.

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following twelve eight Sub-Trusts: Emerging Markets Fund (Class A, Class C, C and Class I, Class Y and Class T), Global Hard Assets Fund (Class A, Class C, C and Class I, Class Y and Class T), International Investors Gold Fund (Class A, Class C, C and Class I, Class Y and Class T), Multi-Manager Alternatives Fund (Class A, Class C, Class I A and Class YI), CM Commodity Index Commodities Series Fund I (Class A, Class C, C and Class I, Class Y and Class T), Low Volatility Enhanced Commodity Commodities Series Fund II (Class A, Class I C and Class YI), Commodities Series Fund III (Class A, Class C and Class I), ) and Commodities Series Fund IV (Class A, Class C and Class I), Unconstrained Emerging Markets Bond Fund (Class A, Class C, Class I, Class Y and Class T), Long/Short Equity Index Fund (Class A, Class I, Class Y and Class T), ▇▇▇▇▇▇ NDR Managed Allocation Fund (Class A, Class I, Class Y and Class T), and ▇▇▇▇▇▇ Morningstar Wide Moat Fund (Class I and Class Z). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences.” . The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions of the Agreement.

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following twelve eight Sub-Trusts: Emerging Markets Fund (Class A, Class C, Class I, Class Y I and Class TY), Global Hard Assets Fund (Class A, Class C, Class I, Class Y and Class T), International Investors Gold Fund (Class A, Class C, Class I, Class Y and Class T), Multi-Manager Alternatives Fund (Class A, Class C, Class I and Class Y), CM Commodity Index International Investors Gold Fund (Class A, Class C, Class II and Class Y), Multi-Manager Alternatives Fund (Class A, Class Y I and Class TY), Low Volatility Enhanced Long-Only Commodity Fund (Class A, Class C, Class I and Class Y), Long/Flat Commodity Fund (Class A, Class C, Class I and Class Y), Commodities Series Fund III (Class A, Class C and Class I), ) and Commodities Series Fund IV (Class A, Class C and Class I), Unconstrained Emerging Markets Bond Fund (Class A, Class C, Class I, Class Y and Class T), Long/Short Equity Index Fund (Class A, Class I, Class Y and Class T), ▇▇▇▇▇▇ NDR Managed Allocation Fund (Class A, Class I, Class Y and Class T), and ▇▇▇▇▇▇ Morningstar Wide Moat Fund (Class I and Class Z). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences.” . The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions of the Agreement.

Establishment and Designation of Sub-Trusts. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate the following twelve eight Sub-Trusts: Emerging Markets Fund (Class A, Class C, Class I, Class Y I and Class TY), Global Hard Assets Fund (Class A, Class C, Class I, Class Y I and Class TY), International Investors Gold Fund (Class A, Class C, Class I, Class Y I and Class TY), Multi-Manager Alternatives Fund (Class A, Class C, Class I and Class Y), CM Commodity Index Fund (Class A, Class C, Class I, Class Y I and Class TY), Low Volatility Enhanced Long/Flat Commodity Index Fund (Class A, Class C, Class I and Class Y), Commodities Series Fund III (Class A, Class C and Class I), Commodities Series Fund IV (Class A, Class C and Class I), ) and Unconstrained Emerging Markets Bond Fund (Class A, Class C, Class I, Class Y and Class T), Long/Short Equity Index Fund (Class A, Class I, Class Y and Class T), ▇▇▇▇▇▇ NDR Managed Allocation Fund (Class A, Class I, Class Y and Class T), and ▇▇▇▇▇▇ Morningstar Wide Moat Fund (Class I and Class ZY). Shares of each such Sub-Trust and any Shares of any further Sub-Trusts 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 at the time of establishing and designating the same, have the same relative rights and preferences.” : The undersigned hereby certifies that the Amendment set forth above has been duly adopted in accordance with the provisions of the Agreement.