Exhibit 99.(d)(1)(ii)
SCHEDULE A
FEE AND EXPENSE AGREEMENT
XXXXX FARGO VARIABLE TRUST
(CAPPED OPERATING EXPENSE RATIOS)
CAPPED OPERATING EXPIRATION/
NAME OF FUND EXPENSE RATIO RENEWAL DATE
------------------------------- ---------------- -------------------
VT Asset Allocation Fund/1/ 1.00% April 30, 2010
VT C&B Large Cap Value Fund/2/ 1.00% April 30, 2010
VT Core Equity Fund+/- 3 Years After
Class 1 0.75% Implementation Date
Class 2 1.00% (all Classes)
VT Discovery Fund/3/ 1.15% April 30, 2010
VT Equity Income Fund/4/ 1.00% April 30, 2010
VT International Core Fund/5/ 1.00% April 30, 2010
VT Intrinsic Value Fund+/- 3 Years After
Class 2 1.00% Implementation Date
(all Classes)
VT Large Company Core Fund/6/ 1.00% April 30, 2010
VT Large Company Growth Fund/7/ 1.00% April 30, 2010
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/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 VT
Intrinsic Value Fund. Subject to receipt of shareholder approval, the
merger will become effective on July 16, 2010.
+/- 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 a decrease to the existing capped operating expense ratio, the
name change of the VT International Core Fund to the VT International
Equity Fund, and the addition of Class 1 shares with a capped operating
expense ratio of 0.69%, effective July 16, 2010. At that time, the existing
unnamed variable fund class will be renamed Class 2 and the capped
operating expense ratio will be reduced from 1.00% to 0.94%.
/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.
CAPPED OPERATING EXPIRATION/
NAME OF FUND EXPENSE RATIO RENEWAL DATE
------------------------------- ---------------- -------------------
VT Money Market Fund(8) 0.75% April 30, 2010
VT Omega Growth Fund+/- 3 Years After
Class 1 0.75% Implementation Date
Class 2 1.00% (all Classes)
VT Opportunity Fund/9/ 1.07% April 30, 2010
VT Small Cap Growth Fund/10/ 1.20% April 30, 2010
VT Small/Mid Cap Value Fund/11/ 1.14% April 30, 2010
VT Total Return Bond Fund/12/ 0.90% April 30, 2010
Most recent annual approval: March 27, 2009
Schedule A Amended: January 11, 2010
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/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 addition of Class 1 and the existing unnamed variable fund
class for the VT Small Cap Growth Fund will be renamed Class 2 effective
July 16, 2010.
/11/ 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 with a capped operating expense ratio of 0.89% and the
existing unnamed variable fund class will be renamed as 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.
The foregoing schedule of capped operating expense ratios 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:
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X. Xxxxx Xxxxxxx
Secretary
XXXXX FARGO FUNDS MANAGEMENT, LLC
By:
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Xxxxxx Xxxx
Executive Vice President
