EX-99.B(h)(1)
ADMINISTRATION AGREEMENT
THIS AGREEMENT is made as of this 1st day of March, 2003, by and
between Xxxxx Fargo Funds Trust, a Delaware statutory trust (the "Trust") and
Xxxxx Fargo Funds Management, LLC, a limited liability company organized under
the laws of the State of Delaware ("Funds Management").
WHEREAS, the Trust is registered as an open-end management investment
company under the Investment Company Act of 1940, as amended (the "1940 Act");
and
WHEREAS, the Trust desires to retain Funds Management to render certain
administrative services to the Trust's investment portfolios (individually, a
"Fund" and collectively, the "Funds") and with respect to the share classes of
multi-class Funds (individually, a "Class" and collectively, the "Classes")
listed on Appendix A, and Funds Management is willing to render such services.
NOW, THEREFORE, in consideration of the premises and mutual covenants
herein contained, the parties agree as follows:
1. Appointment. The Trust hereby appoints Funds Management to act as
Administrator of the Funds, and Funds Management hereby accepts such appointment
and agrees to render such services and duties set forth in Paragraph 3, for the
compensation and on the terms herein provided. Each new investment portfolio and
share class thereof established in the future by the Trust shall automatically
become a "Fund" or "Class," respectively, for all purposes hereunder as if it
were listed on Appendix A, absent written notification to the contrary by either
the Trust or Funds Management.
2. Delivery of Documents. The Trust shall furnish to, or cause to be
furnished to, Funds Management originals of, or copies of, all books, records,
and other documents and papers related in any way to the administration of the
Trust.
3. Duties as Administrator. Funds Management shall, at its expense,
provide the following administrative services in connection with the operations
of the Trust and the Funds:
(a) coordinate, supervise and make all payments to the Funds'
transfer agent and various sub-transfer agents and omnibus
account servicers and record-keepers;
(b) receive and tabulate shareholder votes;
(c) furnish statistical and research data;
(d) coordinate (or assist in) the preparation and filing with the
U.S. Securities and Exchange Commission ("SEC") of registration
statements, notices, shareholder reports, and other material
required to be filed under applicable laws;
(e) prepare and file with the states registration statements,
notices, reports, and other material required to be filed under
applicable laws;
(f) prepare and file Form 24F-2s and N-SARs;
(g) review bills submitted to the Funds and, upon determining that
a xxxx is appropriate, allocating amounts to the appropriate
Funds and Classes thereof and instructing the Funds' custodian
to pay such bills;
(h) coordinate (or assist in) the preparation of reports and other
information materials regarding the Funds, including
prospectuses, proxies and other shareholder communications;
(i) prepare expense table and performance information for annual
updates;
(j) provide legal and regulatory advice to the Funds in connection
with its other administrative functions, including assignment
of matters to outside legal counsel on behalf of the Trust and
supervising the work of such counsel;
(k) provide office facilities and clerical support for the Funds;
(l) develop and implement procedures for monitoring compliance with
regulatory requirements and compliance with the Funds'
investment objectives, policies and restrictions;
(m) serve as liaison between the Funds and their independent
auditors;
(n) prepare and file tax returns;
(o) review payments of Fund expenses;
(p) prepare expense budgeting and accruals;
(q) provide communication, coordination, and supervision services
with regard to the Funds' transfer agent, custodian, fund
accountant, any co-administrators, and other service
organizations that render recordkeeping or shareholder
communication services;
2
(r) provide information to the Funds' distributor concerning fund
performance and administration;
(s) assist the Trust in the development of additional investment
portfolios;
(t) provide reports to the Funds' board of directors regarding its
activities;
(u) assist in the preparation and assembly of meeting materials,
including comparable fee information, as required, for the
Funds' board of directors; and
(v) provide any other administrative services reasonably necessary
for the operation of the Funds other than those services that
are to be provided by the Trust's transfer and dividend
disbursing agent, custodian, and fund accountant, provided that
nothing in this Agreement shall be deemed to require Funds
Management to provide any services that may not be provided by
it under applicable banking laws and regulations.
The parties hereto hereby acknowledge and agree that, for single class
Funds, all of the administration services listed above are provided at the Fund
level and that, for multi-class Funds, most of the administration services
listed above are provided, to some degree, at the Fund level ("Fund-Level
Duties"). Additionally, the parties hereto hereby acknowledge and agree that,
for multi-class Funds, most of the administration services listed above are
provided to a different degree at the Class level ("Class-Level Duties"). For
multi-class Funds, such Class-Level Duties include, among others: (a)
coordinating, supervising and paying the Funds' transfer agent and various
sub-transfer agents and omnibus account servicers and record-keepers; (b)
coordinating the preparation and filing of registration statements, notices,
shareholder reports and other information materials, including prospectuses,
proxies and other shareholder communications for a Class; (c) receiving and
tabulating Class-specific shareholder votes; (d) reviewing bills submitted to
the Funds and, upon determining that a xxxx is appropriate, allocating amounts
to the appropriate Funds and Classes thereof and instructing the Funds'
custodian to pay such bills; and (e) assembling and disseminating information
concerning Class performance, expenses, distributions and administration.
In performing all services under this Agreement, Funds Management
shall: (a) act in conformity with the Trust's Declaration of Trust (and By-Laws,
if any), the 1940 Act, and any other applicable laws as may be amended from time
to time, and all relevant rules thereunder, and with the Trust's registration
statement under the Securities Act of 1933 and the 1940 Act, as may be amended
from time to time; (b) consult and coordinate with legal counsel to the Trust as
necessary and appropriate; and (c) advise and report to the Trust and its legal
counsel, as necessary and appropriate, with respect to any compliance or other
matters that come to its attention.
In connection with its duties under this Paragraph, Funds Management
may, at its own expense, enter into sub-administration agreements with other
service providers, provided that
3
each such service provider agrees with Funds Management to comply with this
Agreement and all relevant provisions of the 1940 Act any other applicable laws
as may be amended from time to time, and all relevant rules thereunder. Funds
Management will provide the Trust with a copy of each sub-administration
agreement it executes relating to the Trust. Funds Management will be liable for
acts or omissions of any such sub-administrators under the standards of care
described herein under Paragraph 5.
4. Compensation. In consideration of the Fund-Level Duties and
Class-Level Duties rendered by Funds Management under this Agreement for each
multi-class Fund, the Trust shall pay Funds Management a Fund-Level Fee and
Class-Level Fee, respectively, as shown on Appendix A. In consideration of the
duties rendered by Funds Management under this Agreement for each single class
Fund, the Trust shall pay Funds Management a fee, as shown on Appendix A. The
fees payable pursuant to this Paragraph shall be calculated based on the average
daily value (as determined on each business day at the time set forth in the
Prospectus for determining net asset value per share) of each Fund's or Class's
net assets, as appropriate, during the preceding month. If the fee payable to
Funds Management pursuant to this Paragraph begins to accrue before the end of
any month or if this Agreement terminates before the end of any month, the fee
for the period from the effective date to the end of that month or from the
beginning of that month to the termination date, respectively, shall be prorated
according to the proportion that the period bears to the full month in which the
effectiveness or termination occurs. For purposes of calculating each such
monthly fee, the value of each Fund's or Class's net assets shall be computed in
the manner specified in that Fund's or Class's registration statement as then on
file with the SEC for the computation of the value of the Fund's or Class's net
assets in connection with the determination of the net asset value of Fund or
Class shares. For purposes of this Agreement, a "business day" for a Fund is any
day that the Fund is open for trading.
5. Limitation of Liability; Indemnification.
(a) Funds Management shall not be liable for any error of
judgment or mistake of law or for any loss suffered by the Trust in connection
with the performance of its obligations and duties under this Agreement, except
a loss resulting from Funds Management's willful misfeasance, bad faith, or
negligence in the performance of its obligations and duties or that of its
agents or sub-administrators, or by reason of its or their reckless disregard
thereof. Any person, even though also an officer, director, employee or agent of
Funds Management, shall be deemed, when rendering services to the Trust or
acting on any business of the Trust (other than services or business in
connection with Funds Management's duties as Administrator hereunder), to be
acting solely for the Trust and not as an officer, director, employee, or agent
or one under the control or discretion of Funds Management even though paid by
it.
(b) The Trust, on behalf of each Fund, will indemnify Funds
Management against and hold it harmless from any and all losses, claims,
damages, liabilities, or expenses (including reasonable counsel fees and
expenses) resulting from any claim, demand, action, or suit relating to the
particular Fund and not resulting from willful misfeasance, bad faith, or
negligence of Funds Management or its agents or sub-administrators in the
performance of their
4
obligations and duties, or by reason of its or their reckless disregard thereof.
Funds Management will not confess any claim or settle or make any compromise in
any instance in which the Trust will be asked to provide indemnification, except
with the Trust's prior written consent. Any amounts payable by the Trust under
this Subparagraph shall be satisfied only against the assets of the Fund
involved in the claim, demand, action, or suit and not against the assets of any
other Fund.
(c) Funds Management will indemnify the Trust against and hold
it harmless from any and all losses, claims, damages, liabilities, or expenses
(including reasonable counsel fees and expenses) resulting from any claim,
demand, action, or suit against the Trust or any Fund that resulted from a
failure of Funds Management or its agents to act in accordance with the standard
of care set forth in Subparagraph (a) above; provided that such loss, claim,
damage, liability or expense did not result primarily from willful misfeasance,
bad faith, or negligence of the Trust or its agents (other than Funds Management
or agents of Funds Management) in the performance of their obligations and
duties, or by reason of its or their reckless disregard thereof. The Trust will
not confess any claim or settle or make any compromise in any instance in which
Funds Management will be asked to provide indemnification, except with Funds
Management's prior written consent.
6. Allocation of Expenses. Funds Management assumes and shall pay for
maintaining the staff and personnel necessary to perform its obligations under
this Agreement and shall, at its own expense, provide its own office space,
facilities and equipment. In addition to the fees described in Section 4 of this
Agreement, the Trust (or its other service providers, as may be provided
pursuant to their respective agreements and contracts with the Trust) shall pay
all of its expenses which are not expressly assumed by Funds Management
hereunder. The expenses of legal counsel and accounting experts retained by
Funds Management, after consulting with the Trust's legal counsel and
independent auditors, as may be reasonably necessary or appropriate for the
performance by Funds Management of its duties under this Agreement shall be
deemed to be expenses of, and shall be paid for by, the Trust.
7. Amendments. This Agreement supersedes the administration agreement
between Xxxxx Fargo Funds Trust and Funds Management dated March 1, 2001 and the
administration agreement between Xxxxx Fargo Funds Trust and Xxxxx Fargo Bank,
N.A. dated November 8, 1999. This Agreement may be amended at any time by mutual
agreement in writing of the Trust and Funds Management, provided that the Board
of Trustees of the Trust, including a majority of the trustees who are not
interested persons of the Trust or any party to this Agreement, as defined by
the 1940 Act, approves any such amendment in advance.
8. Administrator's Other Businesses. Except to the extent necessary
to perform Funds Management's obligations under this Agreement, nothing herein
shall be deemed to limit or restrict the right of Funds Management, or any
affiliate or employee of Funds Management, to engage in any other business or to
devote time and attention to the management or other aspects of any other
business, whether of a similar or dissimilar nature, or to render services of
any kind to any other corporation, firm, individual or association.
5
9. Duration. This Agreement shall become effective on its execution
date and shall remain in full force and effect for one year or until terminated
pursuant to the provisions in Paragraph 10, and it may be reapproved at least
annually by the Board of Trustees, including a majority of the directors who are
not interested persons of the Trust or any party to this Agreement, as defined
by the 1940 Act.
10. Termination of Agreement. This Agreement may be terminated at any
time, without the payment of any penalty, by a vote of a majority of the members
of the Trust's Board of Trustees, on 60 days' written notice to Funds
Management; or by Funds Management on 60 days' written notice to the Trust.
11. Expense Waivers. If in any fiscal year the total expenses of a
Class incurred by, or allocated to, the Class, excluding taxes, interest,
brokerage commissions and other portfolio transaction expenses, other
expenditures that are capitalized in accordance with generally accepted
accounting principles, extraordinary expenses and amounts accrued or paid under
a Rule 12b-1 Plan of the Fund and including only the fees provided for in
Paragraph 4 and those provided for pursuant to the Fund's advisory agreement
("includible expenses"), exceed the applicable voluntary expense waivers, if
any, set forth in the Prospectus, Funds Management shall waive or reimburse out
of its Fund-Level Fee or Class-Level Fee, as appropriate, that portion of the
excess derived by multiplying the excess by a fraction, the numerator of which
shall be the percentage at which the fee payable pursuant to this Agreement is
calculated under Paragraph 4, and the denominator of which shall be the sum of
such percentage plus the percentage at which the fee payable pursuant to the
Fund's advisory agreement is calculated (the "Applicable Ratio"), but only to
the extent of the fee hereunder for the fiscal year. If the fees payable under
this Agreement and/or the Fund's advisory agreement contributing to such excess
portion are calculated at more than one percentage rate, the Applicable Ratio
shall be calculated separately for and applied separately to the portions of
excess attributable to, the period to which a particular percentage rate
applied. At the end of each month of the Trust's fiscal year, the Trust shall
review the includible expenses accrued during that fiscal year to the end of
that period and shall estimate the includible expenses for the balance of that
fiscal year. If as a result of that review and estimation it appears likely that
the includible expenses will exceed the limitations referred to in this
Paragraph for a fiscal year with respect to the Class, the Fund-Level Fee or
Class-Level Fee, as appropriate, for such month shall be reduced, subject to a
later adjustment, by an amount equal to the Applicable Ratio times the estimated
excess pro rated over the remaining months of the fiscal year (including the
month just ended). For purposes of computing the excess, if any, the value of
the Fund's net assets shall be computed in the manner specified in Paragraph 4,
and any reimbursements required to be made by Funds Management shall be made
once a year promptly after the end of the affected Fund's fiscal year.
12. Trust not bound to violate its Declaration of Trust. Nothing in
this Agreement shall require the Trust to take any action contrary to any
provision of its Declaration of Trust or to any applicable statute or
regulation.
6
13. Miscellaneous.
(a) Any notice or other instrument authorized or required by this
Agreement to be given in writing to the Trust or Funds Management shall be
sufficiently given if addressed to that party and received by it at its office
set forth below or at such other place as it may from time to time designate in
writing.
To the Trust:
Xxxxx Fargo Funds Trust
000 Xxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxxxxxxx, Xxxxxxxxxx 00000
Attention: C. Xxxxx Xxxxxxx
To Funds Management:
Xxxxx Fargo Funds Management, LLC
000 Xxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxxxxxxx, Xxxxxxxxxx 00000
Attention: Xxxxx X. Xxxxxxx
(b) This Agreement shall extend to and be binding upon the parties
hereto and their respective successors and assigns; provided, however, that this
Agreement shall not be subject to assignment (as that term is defined under the
0000 Xxx) without the written consent of the other party.
(c) This Agreement shall be governed by and construed in
accordance with the laws of the State of Delaware.
(d) This Agreement may be executed in any number of counterparts,
each of which shall be deemed to be an original, and which collectively shall be
deemed to constitute only one agreement.
(e) The captions of this Agreement are included for convenience of
reference only and in no way define or delimit any of the provisions hereof or
otherwise affect their construction or effect.
(f) If any provision of this Agreement is declared to be
prohibited or unenforceable, the remaining provisions of this Agreement shall
continue to be valid and fully enforceable.
7
IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed by their duly authorized officers as of the day and year first above
written.
XXXXX FARGO FUNDS TRUST
By: /s/ C. Xxxxx Xxxxxxx
---------------------------------------------
C. Xxxxx Xxxxxxx
Secretary
XXXXX FARGO FUNDS MANAGEMENT, LLC
By: /s/ Xxxxx X. Xxxxxxx
---------------------------------------------
Xxxxx X. Xxxxxxx
Senior Vice President, Chief Administrative
Officer and Chief Financial Officer
8
Appendix A
-------------------------
Overview of Fee Structure
-------------------------
Fees for Multi-Class Funds
--------------------------
-------------------------------------------------------------------------------------------------------------------------------
Fund-Level Class-Level Total
Multi-Class Non-Money Market Funds and Classes Fee Fee Fee
-------------------------------------------------------------------------------------------------------------------------------
Class A, Class B and Class C Shares 0.05% 0.28% 0.33%
-------------------------------------------------------------------------------------------------------------------------------
Institutional Class Shares 0.05% 0.20% 0.25%
-------------------------------------------------------------------------------------------------------------------------------
Select Class Shares 0.05% 0.10% 0.15%
-------------------------------------------------------------------------------------------------------------------------------
Multi-Class Money Market Funds and Classes Fund-Level Class-Level Total
Fee Fee Fee
-------------------------------------------------------------------------------------------------------------------------------
Class A, Class B and Class C Shares 0.05% 0.22% 0.27%
-------------------------------------------------------------------------------------------------------------------------------
Service Class Shares 0.05% 0.12% 0.17%
-------------------------------------------------------------------------------------------------------------------------------
Administrator Class Shares 0.05% 0.10% 0.15%
-------------------------------------------------------------------------------------------------------------------------------
Institutional Class Shares 0.05% 0.08% 0.13%
-------------------------------------------------------------------------------------------------------------------------------
Fees for Single Class Funds
---------------------------
-------------------------------------------------------------------------------------------
Single Class Non-Money Market Funds Fee
-------------------------------------------------------------------------------------------
Retail Funds 0.33%
-------------------------------------------------------------------------------------------
Institutional Funds 0.25%
-------------------------------------------------------------------------------------------
Select Funds 0.15%
-------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------
Single Class Money Market Funds Fee
-------------------------------------------------------------------------------------------
Retail Funds 0.27%
-------------------------------------------------------------------------------------------
Service/Trust Funds 0.17%
-------------------------------------------------------------------------------------------
Institutional Funds 0.13%
-------------------------------------------------------------------------------------------
-------------------------
List of Funds and Classes
-------------------------
--------------------------------------------------------------------------
Fee as % of
Funds/Classes Average Daily
Net Assets
--------------------------------------------------------------------------
1. Asset Allocation
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
--------------------------------------------------------------------------
A-1
---------------------------------------------------------------------
Fee as % of
Funds/Classes Average Daily
Net Assets
---------------------------------------------------------------------
2. California Limited Term Tax-Free
Class A 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
3. California Tax-Free
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
4. California Tax-Free Money Market
Class A 0.27%
Service Class 0.17%
---------------------------------------------------------------------
5. California Tax-Free Money Market Trust 0.17%
---------------------------------------------------------------------
6. Cash Investment Money Market
Service Class 0.17%
Institutional Class 0.13%
---------------------------------------------------------------------
7. Colorado Tax-Free
Class A 0.33%
Class B 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
8. Diversified Bond
Institutional Class 0.25%
---------------------------------------------------------------------
9. Diversified Equity
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
10. Diversified Small Cap
Institutional Class 0.25%
---------------------------------------------------------------------
11. Equity Income
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
12. Equity Index
Class A 0.33%
Class B 0.33%
---------------------------------------------------------------------
13. Government Institutional Money Market
Institutional Class 0.13%
---------------------------------------------------------------------
14. Government Money Market
Class A 0.27%
Service Class 0.17%
---------------------------------------------------------------------
15. Growth Balanced
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
A-2
---------------------------------------------------------------------
Fee as % of
Funds/Classes Average Daily
Net Assets
---------------------------------------------------------------------
16. Growth Equity
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
17. Growth
Class A 0.33%
Class B 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
18. High Yield Bond
Class A 0.33%
Class B 0.33%
Class C 0.33%
---------------------------------------------------------------------
19. Income
Class A 0.33%
Class B 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
20. Income Plus
Class A 0.33%
Class B 0.33%
Class C 0.33%
---------------------------------------------------------------------
21. Index
Institutional Class 0.25%
---------------------------------------------------------------------
22. Index Allocation
Class A 0.33%
Class B 0.33%
Class C 0.33%
---------------------------------------------------------------------
23. Inflation-Protected Bond
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
24. Intermediate Government Income
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
25. International Equity
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
26. Large Cap Appreciation
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
A-3
---------------------------------------------------------------------
Fee as % of
Funds/Classes Average Daily
Net Assets
---------------------------------------------------------------------
27. Large Cap Value
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
28. Large Company Growth
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
29. Limited Term Government Income
Class A 0.33%
Class B 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
30. Liquidity Reserve Money Market
Investor Class 0.27%
---------------------------------------------------------------------
31. Minnesota Money Market
Class A 0.27%
---------------------------------------------------------------------
32. Minnesota Tax-Free
Class A 0.33%
Class B 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
33. Moderate Balanced
Institutional Class 0.25%
---------------------------------------------------------------------
34. Money Market
Class A 0.27%
Class B 0.27%
---------------------------------------------------------------------
35. Money Market Trust 0.17%
---------------------------------------------------------------------
36. Xxxxxxxxxx Emerging Markets Focus
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
37. Xxxxxxxxxx Institutional Emerging Markets
Select Class 0.15%
---------------------------------------------------------------------
38. Xxxxxxxxxx Mid Cap Growth
Class A 0.33%
Class B 0.33%
Class C 0.33%
---------------------------------------------------------------------
39. Xxxxxxxxxx Short Duration Government Bond
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
40. Xxxxxxxxxx Small Cap
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
A-4
---------------------------------------------------------------------
Fee as % of
Funds/Classes Average Daily
Net Assets
---------------------------------------------------------------------
41. Xxxxxxxxxx Total Return Bond
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
Select Class 0.15%
---------------------------------------------------------------------
42. National Limited Term Tax-Free
Institutional Class 0.25%
---------------------------------------------------------------------
43. National Tax-Free
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
44. National Tax-Free Institutional Money Market
Service Class 0.17%
Institutional Class 0.13%
---------------------------------------------------------------------
45. National Tax-Free Money Market
Class A 0.27%
---------------------------------------------------------------------
46. National Tax-Free Money Market Trust 0.17%
---------------------------------------------------------------------
47. Nebraska Tax-Free
Institutional Class 0.25%
---------------------------------------------------------------------
48. Outlook Today
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
49. Outlook 2010
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
50. Outlook 2020
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
51. Outlook 2030
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
52. Outlook 2040
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
53. Overland Express Sweep 0.27%
---------------------------------------------------------------------
54. Prime Investment Institutional Money Market
Institutional Class 0.13%
---------------------------------------------------------------------
55. Prime Investment Money Market
Service Class 0.17%
---------------------------------------------------------------------
A-5
---------------------------------------------------------------------
Fee as % of
Funds/Classes Average Daily
Net Assets
---------------------------------------------------------------------
56. SIFE Specialized Financial Services
Class A 0.33%
Class B 0.33%
Class C 0.33%
---------------------------------------------------------------------
57. Small Cap Growth
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
58. Small Cap Opportunities
Institutional Class 0.25%
---------------------------------------------------------------------
59. Small Company Growth
Institutional Class 0.25%
---------------------------------------------------------------------
60. Small Company Value
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
61. Specialized Health Sciences
Class A 0.33%
Class B 0.33%
Class C 0.33%
---------------------------------------------------------------------
62. Specialized Technology
Class A 0.33%
Class B 0.33%
Class C 0.33%
---------------------------------------------------------------------
63. Stable Income
Class A 0.33%
Class B 0.33%
Class C 0.33%
Institutional Class 0.25%
---------------------------------------------------------------------
64. Strategic Growth Allocation
Institutional Class 0.25%
---------------------------------------------------------------------
65. Strategic Income
Institutional Class 0.25%
---------------------------------------------------------------------
66. Tactical Maturity Bond
Institutional Class 0.25%
---------------------------------------------------------------------
67. Treasury Plus Institutional Money Market
Service Class 0.17%
Institutional Class 0.13%
---------------------------------------------------------------------
68. Treasury Plus Money Market
Class A 0.27%
---------------------------------------------------------------------
69. WealthBuilder Growth 0.33%
---------------------------------------------------------------------
70. WealthBuilder Growth and Income 0.33%
---------------------------------------------------------------------
71. WealthBuilder Growth Balanced 0.33%
---------------------------------------------------------------------
72. 100% Treasury Money Market
Class A 0.27%
Service Class 0.17%
---------------------------------------------------------------------
A-6
Approved by the Board of Trustees: February 4, 2003, as amended May 6, 2003.
The foregoing fee schedule is agreed to as of June 9, 2003 and shall remain
in effect until changed in writing by the parties.
XXXXX FARGO FUNDS TRUST
By: /s/ C. Xxxxx Xxxxxxx
---------------------------------
C. Xxxxx Xxxxxxx
Secretary
XXXXX FARGO FUNDS MANAGEMENT, LLC
By: /s/ Xxxxxx X. XxXxxxxx
---------------------------------
Xxxxxx X. XxXxxxxx
Vice President
A-7
