SCHEDULE A WELLS CAPITAL MANAGEMENT INCORPORATED INVESTMENT SUB-ADVISORY AGREEMENT AMENDED AND RESTATED FEE AGREEMENT WELLS FARGO MASTER TRUST
SCHEDULE A
XXXXX CAPITAL MANAGEMENT INCORPORATED
INVESTMENT SUB-ADVISORY AGREEMENT
AMENDED AND RESTATED FEE AGREEMENT
XXXXX FARGO MASTER TRUST
This amended and restated fee agreement is made as of the 31st day of March, 2001, and is amended as of the 28th day of May, 2020, by and between Xxxxx Fargo Funds Management, LLC (the “Adviser”) and Xxxxx Capital Management Incorporated (the “Sub-Adviser”) and
WHEREAS, the parties and Xxxxx Fargo Master 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 “Portfolio” and collectively the “Portfolios”).
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 and paid on a monthly basis by applying the annual rates indicated below to the average daily net assets of each Portfolio (or managed portion thereof) throughout the month:
|
Name of Portfolio |
Sub-Advisory Rate |
||
|
Bloomberg Barclays US Aggregate ex-Corporate Portfolio |
First 200M Next 300M Over 500M |
0.04% 0.035% 0.03% |
|
|
Core Bond Portfolio |
First 100M Next 200M Next 200M Over 500M |
0.20% 0.175% 0.15% 0.10% |
|
|
Disciplined International Developing Markets Portfolio1 |
First 100M Next 200M Over 300M |
0.20% 0.175% 0.15% |
|
|
Disciplined Large Cap Portfolio |
First 100M Next 200M Over 300M |
0.20% 0.175% 0.15% |
|
|
Diversified Large Cap Growth Portfolio |
First 1B Over 1B |
0.35% 0.30% |
|
|
Emerging Growth Portfolio |
First 100M Next 100M Over 200M |
0.55% 0.50% 0.40% |
|
|
Factor Enhanced Emerging Markets Portfolio2 |
First 200M Next 300M Over 500M |
0.08% 0.07% 0.05% |
|
|
Factor Enhanced International Portfolio3 |
First 200M Next 300M Over 500M |
0.08% 0.07% 0.05% |
|
|
Factor Enhanced Large Cap Portfolio4 |
First 200M Next 300M Over 500M |
0.06% 0.05% 0.04% |
|
|
Factor Enhanced U.S. Low Volatility Equity Portfolio5 |
First 200M Next 300M Over 500M |
0.06% 0.05% 0.04% |
|
|
Factor Enhanced Small Cap Portfolio6 |
First 200M Next 300M Over 500M |
0.08% 0.07% 0.05% |
|
|
High Yield Corporate Bond Portfolio |
First 200M Next 300M Over 500M |
0.09% 0.08% 0.07% |
|
|
Index Portfolio |
First 100M Next 100M Over 200M |
0.05% 0.03% 0.02% |
|
|
Investment Grade Corporate Bond Portfolio |
First 200M Next 300M Over 500M |
0.04% 0.035% 0.03% |
|
|
Large Company Value Portfolio |
First 100M Next 200M Over 300M |
0.25% 0.20% 0.15% |
|
|
Real Return Portfolio |
First 100M Next 200M Next 200M Over 500M |
0.28% 0.25% 0.22% 0.18% |
|
|
Small Company Value Portfolio |
First 100M Next 100M Over 200M |
0.55% 0.50% 0.40% |
|
|
Strategic Retirement Bond Portfolio |
First 200M Next 300M Over 500M |
0.04% 0.035% 0.03% |
|
|
U.S. REIT Portfolio |
First 200M Next 300M Over 500M |
0.06% 0.05% 0.04% |
|
If the Sub-Adviser shall provide management and other services for less than the whole of a month, the foregoing compensation shall be prorated based on the number of days in the month that such Sub-Adviser provided management and other services to the Portfolio.
Schedule A amended: May 28, 2020
1On May 28, 2020 the Board of Trustees of Xxxxx Fargo Master Trust approved the appointment of Xxxxx Capital Management Incorporated as the sub-adviser to the Disciplined International Developed Markets Portfolio, effective on or about July 7, 2020.
2On February 20, 2020 the Board of Trustees of Xxxxx Fargo Master Trust approved the name change of the Factor Enhanced Emerging Markets Portfolio to the Factor Enhanced Emerging Markets Equity Portfolio, effective on or about July 1, 2020.
3On February 20, 2020 the Board of Trustees of Xxxxx Fargo Master Trust approved the name change of the Factor Enhanced International Portfolio to the Factor Enhanced International Equity Portfolio, effective on or about July 1, 2020.
4On February 20, 2020 the Board of Trustees of Xxxxx Fargo Master Trust approved the name change of the Factor Enhanced Large Cap Portfolio to the Factor Enhanced U.S. Large Cap Equity Portfolio, effective on or about July 1, 2020.
5On February 20, 2020 the Board of Trustees of Xxxxx Fargo Master Trust approved the establishment of Factor Enhanced U.S. Low Volatility Equity Portfolio, effective on or about July 1, 2020.
6On February 20, 2020 the Board of Trustees of Xxxxx Fargo Master Trust approved the name change of the Factor Enhanced Small Cap Portfolio to the Factor Enhanced U.S. Small Cap Equity Portfolio, effective on or about July 1, 2020.
The foregoing fee schedule is agreed to as of May 28, 2020 and shall remain in effect until changed in writing by the parties.
XXXXX FARGO FUNDS MANAGEMENT, LLC
By:
Xxxx Xxxxx
Senior Vice President
XXXXX CAPITAL MANAGEMENT INCORPORATED
By:
Name: Xxxxxx Xxxxxx
Title: Chief Administrative Officer - WFAM
