Exhibit (a.33)
THE ▇▇▇▇▇▇ & RYGEL INVESTMENT GROUP
AMENDMENT NO. 32 TO
MASTER TRUST AGREEMENT
This Amendment No. 32 to the Master Trust Agreement of The ▇▇▇▇▇▇ &
Rygel Investment Group, dated January 22, 1992, as amended (the Agreement"), is
made as of February 26, 2004.
WHEREAS, pursuant to the Agreement, the Trustees have previously
established and designated seventeen sub-trusts known as the ▇▇▇▇▇▇ Limited
Maturity Fund, ▇▇▇▇▇▇ Short Bond Fund, ▇▇▇▇▇▇ U.S. Government Fund, ▇▇▇▇▇▇ GNMA
Fund, ▇▇▇▇▇▇ Core Bond Fund, ▇▇▇▇▇▇ Opportunity Bond Fund, ▇▇▇▇▇▇ High Income
Fund, Bunker Hill Money Market Fund, ▇▇▇▇▇▇ Tax Exempt Bond Fund, ▇▇▇▇▇▇
California Municipal Income Fund, ▇▇▇▇▇▇ Growth & Income Fund, ▇▇▇▇▇▇ Market
Return Fund, ▇▇▇▇▇▇ U.S. Growth Leaders Fund, ▇▇▇▇▇▇ Small Cap Leaders Fund,
▇▇▇▇▇▇ Global Short Bond Fund, ▇▇▇▇▇▇ Global Fixed Income Fund, and ▇▇▇▇▇▇
Emerging Markets Bond 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 ▇▇▇▇▇▇ Real Return Fund, and to fix the
rights and preferences of the shares of such additional sub-trust, effective
February 26, 2004;
NOW THEREFORE:
1. Effective February 26, 2004, 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: ▇▇▇▇▇▇ Limited Maturity
Fund, which
shall consist of one class of shares designated as "Investor Class" shares;
▇▇▇▇▇▇ Short Bond Fund, which shall consist of one class of shares designated as
"Investor Class" shares; ▇▇▇▇▇▇ U.S. Government Fund, which shall consist of one
class of shares designated as "Investor Class" shares; ▇▇▇▇▇▇ Core Bond Fund,
which shall consist of one class of shares designated as "Investor Class"
shares; ▇▇▇▇▇▇ Opportunity Bond Fund, which shall consist of one class of shares
designated as "Investor Class" shares; ▇▇▇▇▇▇ Real Return Fund, which shall
consist of one class of shares designated as "Investor Class" shares; ▇▇▇▇▇▇
GNMA Fund, which shall consist of one class of shares designated as "Investor
Class" shares; ▇▇▇▇▇▇ 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; ▇▇▇▇▇▇ Tax Exempt Bond Fund, which shall consist of one class
of shares designated as "Investor Class" shares; ▇▇▇▇▇▇ California Municipal
Income Fund, which shall consist of one class of shares designated as "Investor
Class" shares; ▇▇▇▇▇▇ Growth & Income Fund, which shall consist of one class of
shares designated as "Investor Class" shares; ▇▇▇▇▇▇ Market Return Fund, which
shall consist of one class of shares designated as "Investor Class" shares;
▇▇▇▇▇▇ U.S. Growth Leaders Fund, which shall consist of one class of shares
designated as "Investor Class" shares; ▇▇▇▇▇▇ Small Cap Leaders Fund, which
shall consist of one class of shares designated as "Investor Class" shares;
▇▇▇▇▇▇ Global Short Bond Fund, which shall consist of one class of shares
designated as "Investor Class" shares; ▇▇▇▇▇▇ Global Fixed Income Fund, which
shall consist of one class of shares designated as "Investor Class" shares; and
▇▇▇▇▇▇ 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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▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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▇. ▇. ▇▇▇▇▇▇, ▇▇. ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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▇. ▇▇▇▇▇▇▇▇ La Force ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇, M.D. ▇▇▇▇ ▇▇▇▇ ▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇.
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