WELLS CAPITAL MANAGEMENT INCORPORATED INVESTMENT SUB-ADVISORY AGREEMENT
APPENDIX A
XXXXX CAPITAL MANAGEMENT INCORPORATED
INVESTMENT SUB-ADVISORY AGREEMENT
XXXXX FARGO MASTER TRUST
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Master Trust Funds |
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Core Bond Portfolio Diversified Large Cap Growth Portfolio Emerging Growth Portfolio Inflation-Protected Bond Portfolio International Equity Portfolio1 Short-Term Investment Portfolio Small Cap Value Portfolio2
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On February 21, 2013 the Board of Xxxxx Fargo Master Trust approved the reorganization of the International Equity Portfolio into another Xxxxx Fargo master portfolio. The reorganization will occur on or about April 19, 2013.
2 On February 21, 2013 the Board of Xxxxx Fargo Master Trust approved the reorganization of the International Small Cap Value Portfolio into another Xxxxx Fargo master portfolio. The reorganization will occur on or about April 19, 2013.
Most recent annual approval by the Board of Trustees: March 29, 2013
Appendix A amended: February 21, 2013
SCHEDULE A
XXXXX CAPITAL MANAGEMENT INCORPORATED
INVESTMENT SUB-ADVISORY AGREEMENT
AMENDED AND RESTATED FEE AGREEMENT
XXXXX FARGO MASTER TRUST
This amended and restated fee agreement is made as of the 31st day of March, 2001, and is amended as of the 29th day of March, 2013, by and between Xxxxx Fargo Funds Management, LLC (the “Adviser”) and Xxxxx Capital Management Incorporated (the “Sub-Adviser”) and
WHEREAS, the parties and Xxxxx Fargo Master Trust (the “Trust”) have entered into an Investment Sub-Advisory Agreement (“Sub-Advisory Agreement”) whereby the Sub-Adviser provides investment management advice to each series of the Trust as listed in Schedule A to the Sub-Advisory Agreement (each a “Fund” and collectively the “Funds”).
WHEREAS, the Sub-Advisory Agreement provides that the fees to be paid to the Sub-Adviser are to be as agreed upon in writing by the parties.
NOW THEREFORE, the parties agree that the fees to be paid to the Sub-Adviser under the Sub-Advisory Agreement shall be calculated as follows on a monthly basis by applying the following annual rates listed for each Fund listed in Appendix A.
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Name of Fund |
Sub-Advisory Rate |
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Core Bond Portfolio |
First 100M Next 200M Next 200M Over 500M |
0.20% 0.175% 0.15% 0.10% |
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Diversified Large Cap Growth Portfolio1 |
First 100M Next 100M Next 300M Over 500M |
0.35% 0.30% 0.20% 0.15% |
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Emerging Growth Portfolio |
First 100M Next 100M Over 200M |
0.55% 0.50% 0.40% |
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Inflation-Protected Bond Portfolio |
First 100M Next 200M Next 200M Over 500M |
0.20% 0.175% 0.15% 0.10% |
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International Equity Portfolio2 |
First 200M Over 200M |
0.45% 0.40% |
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Short-Term Investment Portfolio |
First 1B Next 2B Next 3B Over 6B |
0.05% 0.03% 0.02% 0.01% |
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Small Cap Value Portfolio3 |
First 100M Next 100M Over 200M |
0.55% 0.50% 0.40% |
On March 29, 2013, the Board of Xxxxx Fargo Master Trust approved advisory fee changes for the Diversified Large Cap Growth Portfolio. Effective May 1, 2013, the advisory fees will be: First 100M 0.30%; Next 200M 0.275%; Next500M 0.25%; Over 800M 0.20%.
2 On February 21, 2013 the Board of Xxxxx Fargo Master Trust approved the reorganization of the International Equity Portfolio into another Xxxxx Fargo master portfolio. The reorganization will occur on or about April 19, 2013.
3 On February 21, 2013 the Board of Xxxxx Fargo Master Trust approved the reorganization of the International Small Cap Value Portfolio into another Xxxxx Fargo master portfolio. The reorganization will occur on or about April 19, 2013.
Most recent annual approval by the Board of Trustees: March 29, 2013
Schedule A amended: March 29, 2013
The foregoing fee schedule is agreed to as of March 29, 2013 and shall remain in effect until changed in writing by the parties.
XXXXX FARGO FUNDS MANAGEMENT, LLC
By:
Xxxxxx Xxxx
Executive Vice President
XXXXX CAPITAL MANAGEMENT INCORPORATED
By:
Xxxxx Xxxxxx
Chief Operating Officer
