Exhibit 99.(h)(1)
APPENDIX A
XXXXX FARGO VARIABLE TRUST
ADMINISTRATION AGREEMENT
The Fund Level administration fee breakpoints listed below are calculated on the
total net assets of each Fund.
FEES FOR VARIABLE TRUST MULTI-CLASS FUNDS*
CLASS LEVEL
MULTI-CLASS FUNDS TOTAL ADMIN. FEE FUND-LEVEL ADMIN. FEE ADMIN. FEE TOTAL ADMIN. FEE
AND CLASSES (CURRENT) (NEW) (NEW) (EFFECTIVE JULY 9, 2010)
------------------------- ------------------ --------------------- ----------- ------------------------
Class 1 (new share class) N/A First 5B 0.05% 0.08% First 5B 0.13%
Next 5B 0.04% Next 5B 0.12%
Over 10B 0.03% Over 10B 0.11%
Class 2 (Renamed; First 4.99B 0.16% First 5B 0.05% 0.08% First 5B 0.13%
existing unnamed Next 5B 0.15% Next 5B 0.04% Next 5B 0.12%
share class) Over 9.99B 0.14% Over 10B 0.03% Over 10B 0.11%
FEES FOR VARIABLE TRUST SINGLE CLASS FUNDS*
TOTAL ADMIN. FEE TOTAL ADMIN. FEE
SINGLE CLASS FUNDS (CURRENT) (EFFECTIVE JULY 9, 2010)
------------------------- ------------------ ------------------------
Class 1 (new share class) N/A First 5B 0.13%
Next 5B 0.12%
Over 10B 0.11%
Class 2 (Renamed; First 4.99B 0.16% First 5B 0.13%
existing unnamed Next 5B 0.15% Next 5B 0.12%
share class) Over 9.99B 0.14% Over 10B 0.11%
Approved by the Board of Trustees: January 11, 2010
----------
* On January 11, 2010, the Boards of Trustees of Xxxxx Fargo Variable Trust
approved certain administration fee changes. Such fee changes are scheduled
to become effective concurrently with the earliest of any closing of the
Reorganization with the Evergreen family of funds, currently July 9, 2010.
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SCHEDULE A TO APPENDIX A
ADMINISTRATION AGREEMENT
XXXXX FARGO VARIABLE TRUST
LIST OF FUNDS
TOTAL BREAKPOINT ADMINISTRATION FEES*
-------------------------------------
FUNDS/CLASSES FIRST 5B NEXT 5B OVER 10B
------------------------------- -------- ------- --------
VT Asset Allocation Fund/1/ 0.16% 0.15% 0.14%
VT C&B Large Cap Value Fund/2/ 0.16% 0.15% 0.14%
VT Core Equity Fund+/-
Class 1 0.13% 0.12% 0.11%
Class 2 0.13% 0.12% 0.11%
VT Discovery Fund/3/ 0.16% 0.15% 0.14%
VT Equity Income Fund/4/ 0.16% 0.15% 0.14%
VT International Core Fund/5/ 0.16% 0.15% 0.14%
VT Intrinsic Value Fund+/-
Class 2 0.13% 0.12% 0.11%
----------
* On January 11, 2010, the Boards of Trustees of Xxxxx Fargo Variable Trust
approved certain administration fee changes. Such fee changes, as provided
in Appendix A, are scheduled to become effective concurrently with the
earliest of any closing of the Reorganization with the Evergreen family of
funds, currently July 9, 2010.
/1/ On January 11, 2010, the Board of Trustees of Xxxxx Fargo Variable Trust
approved the name change of the VT Asset Allocation Fund to the VT Index
Asset Allocation Fund, effective May 1, 2010. In addition, the existing
unnamed variable fund class will be renamed Class 2, effective July 16,
2010.
/2/ On January 11, 2010, the Board of Trustees of Xxxxx Fargo Variable Trust
approved the merger of the VT C&B Large Cap Value Fund into the newly
created VT Intrinsic Value Fund shell. Subject to receipt of shareholder
approval, the merger will become effective on July 16, 2010. At that time,
the existing unnamed variable fund class will be renamed Class 2.
+/- In connection with the reorganization with the Evergreen family of funds,
on December 18, 2009 and January 11, 2010, the Board of Trustees of Xxxxx
Fargo Variable Trust approved the establishment of new Xxxxx Fargo
Advantage VT shell funds to become effective on July 16, 2010.
/3/ On January 11, 2010, the Board of Trustees of Xxxxx Fargo Variable Trust
approved the renaming of the existing unnamed variable fund class of the VT
Discovery Fund as Class 2, effective July 16, 2010.
/4/ On January 11, 2010, the Board of Trustees of Xxxxx Fargo Variable Trust
approved the merger of the VT Equity Income Fund into the newly created VT
Intrinsic Value Fund shell. Subject to receipt of shareholder approval, the
merger will become effective on July 16, 2010.
/5/ On January 11, 2010, the Board of Trustees of Xxxxx Fargo Variable Trust
approved the name change of the VT International Core Fund to the VT
International Equity Fund, effective July 16, 2010. At that time, Class 1
will be added and the existing unnamed variable fund class will be renamed
Class 2.
S-1
TOTAL BREAKPOINT ADMINISTRATION FEES*
-------------------------------------
FUNDS/CLASSES FIRST 5B NEXT 5B OVER 10B
------------------------------- -------- ------- --------
VT Large Company Core Fund/6/ 0.16% 0.15% 0.14%
VT Large Company Growth Fund/7/ 0.16% 0.15% 0.14%
VT Money Market Fund/8/ 0.16% 0.15% 0.14%
VT Omega Growth Fund+/-
Class 1 0.13% 0.12% 0.11%
Class 2 0.13% 0.12% 0.11%
VT Opportunity Fund/9/ 0.16% 0.15% 0.14%
VT Small/Mid Cap Value Fund/10/ 0.16% 0.15% 0.14%
VT Small Cap Growth Fund/11/ 0.16% 0.15% 0.14%
VT Total Return Bond Fund/12/ 0.16% 0.15% 0.14%
Most recent annual approval by the Board of Trustees: March 27, 2009
Appendix A amended: January 11, 2010
----------
/6/ On January 11, 2010, the Board of Trustees of Xxxxx Fargo Variable Trust
approved the merger of the VT Large Company Core Fund into the newly
created VT Core Equity Fund shell. Subject to receipt of shareholder
approval, the merger will become effective on July 16, 2010.
/7/ On January 11, 2010, the Board of Trustees of Xxxxx Fargo Variable Trust
approved the merger of the VT Large Company Growth Fund into the newly
created VT Omega Growth Fund shell. Subject to receipt of shareholder
approval, the merger will become effective on July 16, 2010.
/8/ On December 18, 2009 the Board of Trustees of Xxxxx Fargo Variable Trust
approved the liquidation of the VT Money Market Fund effective April 30,
2010.
/9/ On January 11, 2010, the Board of Trustees of Xxxxx Fargo Variable Trust
approved the renaming of the existing unnamed variable fund class of the VT
Opportunity Fund as Class 2, effective July 16, 2010.
/10/ On January 11, 2010, the Board of Trustees of Xxxxx Fargo Variable Trust
approved the name change of the VT Small/Mid Cap Value Fund to the VT Small
Cap Value Fund, effective May 1, 2010. Effective July 16, 2010, Class 1
will be added and the existing unnamed variable fund class will be renamed
as Class 2.
/11/ On January 11, 2010 the Board of Trustees of Xxxxx Fargo Variable Trust
approved the addition of Class 1 to the VT Small Cap Growth Fund, effective
July 16, 2010. At that time, the existing unnamed variable fund class will
be renamed Class 2.
/12/ On January 11, 2010 the Board of Trustees of Xxxxx Fargo Variable Trust
approved the renaming of the existing unnamed variable fund class of the VT
Total Return Bond Fund as Class 2, effective July 16, 2010.
S-2
The foregoing fee schedule is agreed to as of January 11, 2010 and shall
remain in effect until changed in writing by the parties.
XXXXX FARGO VARIABLE TRUST
By:
-----------------------------------
X. Xxxxx Xxxxxxx
Secretary
XXXXX FARGO FUNDS MANAGEMENT, LLC
By:
-----------------------------------
Xxxxxx Xxxx
Executive Vice President
S-3
