EX-99. (d)(2)(ii)
APPENDIX A
PEREGRINE CAPITAL MANAGEMENT, INC.
INVESTMENT SUB-ADVISORY AGREEMENT
XXXXX FARGO VARIABLE TRUST
Variable Trust Funds
VT Large Company Growth Fund
Most recent annual approval by the Board of Trustees: March 30, 2007
Appendix A amended: February 8, 2006
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SCHEDULE A
XXXXX FARGO VARIABLE TRUST
INVESTMENT SUB-ADVISORY AGREEMENT
FEE AGREEMENT
This fee agreement is made as of the 1st day of March, 2001, by and between
Xxxxx Fargo Funds Management, LLC (the "Adviser") and Peregrine Capital
Management, Inc. (the "Sub-Adviser") and
WHEREAS, the parties and Xxxxx Fargo Variable 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 Appendix 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 annual rate of percentage of the assets:
Variable Trust Fund Breakpoints Sub-Advisory Rate
------------------------------- ----------- -----------------
VT Large Company Growth Fund/1/ First 25M 0.56%
Next 25M 0.45%
Next 225M 0.375%
Over 275M 0.225%
----------
/1/ On May 9, 2007 the Board of Trustees approved the following sub-advisory
rate changes to the VT Large Company Growth Fund, effective June 1, 2007:
First 25M 0.55%, Next 25M 0.45%, Next 100M 0.40%, Next 125M 0.35%, Over
275M 0.225%
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The foregoing fee schedule is agreed to as of May 9, 2007 and shall remain
in effect until changed in writing by the parties.
XXXXX FARGO FUNDS MANAGEMENT, LLC
By:
------------------------------------
Xxxxxx Xxxx
Executive Vice President
PEREGRINE CAPITAL MANAGEMENT, INC.
By:
------------------------------------
Xxxxxx X. Xxxxxx
President
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