Exhibit a.27
THE ▇▇▇▇▇▇ & RYGEL INVESTMENT GROUP
AMENDMENT NO. 26 TO
MASTER TRUST AGREEMENT
This Amendment No. 26 to the Master Trust Agreement of The ▇▇▇▇▇▇ &
Rygel Investment Group, dated January 22, 1992, as amended (the Agreement"), is
made as of December 11, 2001.
WHEREAS, pursuant to the Agreement, the Trustees have previously
established and designated twenty-one sub-trusts known as the ▇▇▇▇▇▇ Limited
Maturity Fund, ▇▇▇▇▇▇ Short Bond Fund, ▇▇▇▇▇▇ U.S. Government Fund, ▇▇▇▇▇▇ GNMA
Fund, ▇▇▇▇▇▇ Investment Quality Bond Fund, ▇▇▇▇▇▇ Total Return Fund, ▇▇▇▇▇▇ High
Income Fund, Bunker Hill Money Market Fund, ▇▇▇▇▇▇ Short Duration Tax Exempt
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, ▇▇▇▇▇▇ Emerging Markets Bond Fund, ▇▇▇▇▇▇
Global Balanced Fund, ▇▇▇▇▇▇ European Aggressive Growth Fund and ▇▇▇▇▇▇ World
Target Twenty 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 rename, and have authorized the
renaming of, the ▇▇▇▇▇▇ Investment Quality Bond Fund as the "▇▇▇▇▇▇ Core Bond
Fund" and the ▇▇▇▇▇▇ Total Return Fund as the "▇▇▇▇▇▇ Opportunity Bond Fund,"
each such name change to be effective December 31, 2001;
NOW THEREFORE:
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 twenty-one Sub-trusts and classes thereof:
▇▇▇▇▇▇ Limited Maturity Fund, which shall consist of two classes of
shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇ Short Bond
Fund, which shall consist of two classes of shares designated as "Class
R" and "Class S" shares; ▇▇▇▇▇▇ U.S. Government Fund, which shall
consist of two classes of shares designated as "Class R" and "Class S"
shares; ▇▇▇▇▇▇
Core Bond Fund, which shall consist of two classes of shares designated
as "Class R" and "Class S" shares; ▇▇▇▇▇▇ Opportunity Bond Fund, which
shall consist of two classes of shares designated as "Class R" and
"Class S" shares; ▇▇▇▇▇▇ GNMA Fund, which shall consist of two classes
of shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇ High
Income Fund, which shall consist of two classes of shares designated as
"Class R" and "Class S" shares; Bunker Hill Money Market Fund, which
shall consist of two classes of shares designated as "Class R" and
"Class D" shares; ▇▇▇▇▇▇ Short Duration Tax Exempt Fund, which shall
consist of two classes of shares designated as "Class R" and "Class S"
shares; ▇▇▇▇▇▇ Tax Exempt Bond Fund, which shall consist of two classes
of shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇
California Municipal Income Fund, which shall consist of two classes of
shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇ Growth &
Income Fund, which shall consist of two classes of shares designated as
"Class R" and "Class S" shares; ▇▇▇▇▇▇ Market Return Fund, which shall
consist of two classes of shares designated as "Class R" and "Class S"
shares; ▇▇▇▇▇▇ U.S. Growth Leaders Fund, which shall consist of two
classes of shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇
Small Cap Leaders Fund, which shall consist of two classes of shares
designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇ Global Short Bond
Fund, which shall consist of two classes of shares designated as "Class
R" and "Class S" shares; ▇▇▇▇▇▇ Global Fixed Income Fund, which shall
consist of two classes of shares designated as "Class R" and "Class S"
shares; ▇▇▇▇▇▇ Emerging Markets Bond Fund, which shall consist of two
classes of shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇
Global Balanced Fund, which shall consist of two classes of shares
designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇ European Aggressive
Growth Fund, which shall consist of two classes of shares designated as
"Class R" and "Class S" shares; and ▇▇▇▇▇▇ World Target Twenty Fund,
which shall consist of two classes of shares designated as "Class R" and
"Class S" 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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▇. ▇▇▇▇▇▇▇▇ La Force ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇, M.D. ▇▇▇▇ ▇▇▇▇ ▇▇▇▇
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