EX-99.B(d)(2)(v)
SCHEDULE A
XXXXX FARGO FUNDS TRUST
INVESTMENT SUB-ADVISORY AGREEMENT
FEE AGREEMENT
This fee agreement is made as of the 14th day of April, 2003, by and
between Xxxxx Fargo Funds Management, LLC (the "Adviser") and Xxxxx Asset
Management Group, L.P. (the "Sub-Adviser"); and
WHEREAS, the parties and Xxxxx Fargo Funds 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 of the Funds
listed below.
for assets formerly invested in the Disciplined Growth Portfolio:
a. 0.35% of the first $175 million;
b. 0% of the next $50 million;
c. 0.25% of the next $275 million; and
d. 0.20% of the sums in excess of $500 million.
provided, that no fee shall be payable hereunder with respect to a Fund during
any period in which the Fund invests all (or substantially all) of its
investment assets in a registered, open-end, management investment company, or
separate series thereof, in accordance with and reliance upon Section
12(d)(1)(E) under the 1940 Act.
The net assets under management against which the foregoing fees are to be
applied are the net assets as of the last day of the month. If this fee
agreement becomes effective subsequent to the first day of a month or shall
terminate before the last day of a month, compensation for that part of the
month this agreement is in effect shall be subject to a pro rata adjustment
based on the number of days elapsed in the current month as a percentage of the
total number of days in such month. During any period when the determination of
net asset value is suspended, the net asset value for the last day prior to such
suspension shall for this purpose be deemed to be the net asset value at the
close of the month.
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The foregoing fee schedule shall remain in effect until changed in writing
by the parties.
XXXXX FARGO FUNDS MANAGEMENT, LLC
By: /s/ Xxxxxx Xxxx
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Xxxxxx Xxxx
Senior Vice President
XXXXX ASSET MANAGEMENT GROUP, L.P.
By: /s/ Xxxxxxx X. Xxxxx
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Xxxxxxx X. Xxxxx
Principal
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