EX-99.B(d)(2)(vi)
Xxxxx Fargo Funds Trust
Xxxxx Capital Management Incorporated
Sub-Advisory Agreement
Appendix A
Asset Allocation Fund
California Limited Term Tax-Free Fund
California Tax-Free Fund
California Tax-Free Money Market Fund
California Tax-Free Money Market Trust
Cash Investment Money Market Fund
Colorado Tax-Free Fund
Diversified Bond Fund
Diversified Equity Fund
Diversified Small Cap Fund
Equity Income Fund
Equity Index Fund
Government Institutional Money Market Fund
Government Money Market Fund
Growth Balanced Fund
Growth Equity Fund
Growth Fund
Income Fund
Income Plus Fund
Index Allocation Fund
Index Fund
Inflation-Protected Bond Fund
Intermediate Government Income Fund
International Equity Fund
Limited Term Government Income Fund
Liquidity Reserve Money Market Fund
Minnesota Money Market Fund
Minnesota Tax-Free Fund
Moderate Balanced Fund
Money Market Fund
Money Market Trust
Xxxxxxxxxx Emerging Markets Focus Fund
Xxxxxxxxxx Institutional Emerging Markets Fund
Xxxxxxxxxx Mid Cap Growth Fund
Xxxxxxxxxx Short Duration Government Bond Fund
Xxxxxxxxxx Small Cap Fund
Xxxxxxxxxx Total Return Bond Fund
National Limited Term Tax-Free Fund
National Tax-Free Fund
National Tax-Free Institutional Money Market Fund
National Tax-Free Money Market Fund
National Tax-Free Money Market Trust
Nebraska Tax-Free Fund
Overland Express Sweep Fund
Prime Investment Institutional Money Market Fund
1
Prime Investment Money Market Fund
SIFE Specialized Financial Services Fund
Small Cap Growth Fund
Strategic Growth Allocation Fund
Strategic Income Fund
Treasury Plus Institutional Money Market Fund
Treasury Plus Money Market Fund
WealthBuilder Growth Portfolio
WealthBuilder Growth and Income Portfolio
WealthBuilder Growth Balanced Portfolio
100% Treasury Money Market Fund
Approved by Board of Trustees: October 24, 2000, May 8, 2001, August 7, 2001,
November 6, 2001, December 23, 2001, February 5, 2002, November 5, 2002,
February 4, 2003 and May 6, 2003.
Most Recent Annual Approval Date: August 6, 2002.
2
SCHEDULE A
XXXXX FARGO FUNDS TRUST
INVESTMENT SUB-ADVISORY AGREEMENT
FEE AGREEMENT
This fee agreement is made as of the 9th day of June, 2003, 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 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 Schedule 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 the following annual rates listed for each Fund listed
in Appendix A, and for the Diversified Bond Fund, Diversified Equity Fund,
Diversified Small Cap Fund, Equity Income Fund, Growth Balanced Fund, Growth
Equity Fund, Index Fund, Moderate Balanced Fund, Strategic Growth Allocation
Fund and Strategic Income Fund:
for the assets formerly invested in the Equity Income Portfolio
a. 0.25% on the first $200 million;
b. 0.20% on the next $200 million;
c. 0.15% on all sums in excess of $400 million.
for the assets formerly invested in the Index Portfolio
a. 0.02% on the first $200 million; and
b. 0.01% on all sums in excess of $200 million.
for the assets formerly invested in International Equity Portfolio
a. 0.35% on the first $200 million;
b. 0.25% on all sums in excess of $200 million.
3
for the assets formerly invested in Small Cap Index Portfolio
a. 0.02% on the first $200 million;
b. 0.01% on all sums in excess of $200 million.
provided, that no fee shall be payable hereunder with respect to any of the
Funds listed above 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) or 12(d)(1)(G) under the Act.
However, the sub-adviser shall receive a fee of 0.05% of the assets of
the Growth Balanced Fund, Moderate Balanced Fund, Strategic Growth Allocation
Fund and Strategic Income Fund and 0.05% from each WealthBuilder Portfolio for
providing services with respect to which Master Trust Portfolios (or, in the
case of the WealthBuilder Portfolios, other unaffiliated funds) these Funds will
invest in and the percentage to allocate to each Master Portfolio or
unaffiliated fund in reliance on Section 12(d)(1)(G) under the Act, the rules
thereunder, or order issued by the Commission exempting the Fund from the
provisions of Section 12(d)(1)(A) under the Act (a "Fund of Funds structure").
The net assets under management against which the foregoing fees are to
be applied are the net assets as of the first business 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. If the determination of the net asset value
is suspended as of the first business day of the month, the net asset value for
the last day prior to such suspension shall for this purpose be deemed to be the
net asset value on the first business day of the month.
4
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
in duplicate by their respective officers on the day and year first written
above.
XXXXX FARGO FUNDS MANAGEMENT, LLC
By: /s/ Xxxxxx Xxxx
----------------------------------
Xxxxxx Xxxx
Senior Vice President
XXXXX CAPITAL MANAGEMENT INCORPORATED
By: /s/ Xxxxx X'Xxxxx
----------------------------------
Xxxxx X'Xxxxx
Chief Financial Officer
5
Appendix A to Schedule A
------------------------------------------------------------------------
Fee as % of Avg.
Funds Trust Funds Daily Net Assets
------------------------------------------------------------------------
Asset Allocation Fund 0-1000M 0.15
**1000M 0.10
------------------------------------------------------------------------
California Limited Term Tax-Free Fund 0-400M 0.15
400-800M 0.125
**800M 0.10
------------------------------------------------------------------------
California Tax-Free Fund 0-400M 0.15
400-800M 0.125
**800M 0.10
------------------------------------------------------------------------
California Tax-Free Money Market Fund 0-1000M 0.05
**1000M 0.04
------------------------------------------------------------------------
California Tax-Free Money Market Trust 0-1000M 0.0
**1000M 0.0
------------------------------------------------------------------------
Cash Investment Money Market Fund 0-1000M 0.05
**1000M 0.04
------------------------------------------------------------------------
Colorado Tax-Free Fund 0-400M 0.15
400-800M 0.125
**800M 0.10
------------------------------------------------------------------------
Equity Index Fund 0-200M 0.02
**200M 0.01
------------------------------------------------------------------------
Government Institutional Money Market Fund 0-1000M 0.05
**1000M 0.04
------------------------------------------------------------------------
Government Money Market Fund 0-1000M 0.05
**1000M 0.04
------------------------------------------------------------------------
Growth Balanced Fund 0.05
------------------------------------------------------------------------
Growth Fund 0-200M 0.25
200-400M 0.20
**400M 0.15
------------------------------------------------------------------------
Income Fund 0-400M 0.15
400-800M 0.125
**800M 0.10
------------------------------------------------------------------------
Income Plus Fund 0-400M 0.20
400-800M 0.175
**800M 0.15
------------------------------------------------------------------------
Index Allocation Fund 0-1000M 0.15
**1000M 0.10
------------------------------------------------------------------------
Inflation-Protected Bond Fund 0-400M 0.15
400-800M 0.125
**800M 0.10
------------------------------------------------------------------------
Intermediate Government Income Fund 0-400M 0.15
400-800M 0.125
**800M 0.10
------------------------------------------------------------------------
International Equity Fund 0-200M 0.35
**200M 0.25
------------------------------------------------------------------------
** Denotes greater than
6
---------------------------------------------------------------------------
Funds Trust Funds Fee as % of Avg.
Daily Net Assets
---------------------------------------------------------------------------
Limited Term Government Income Fund 0-400M 0.15
400-800M 0.125
**800M 0.10
---------------------------------------------------------------------------
Liquidity Reserve Money Market Fund 0-1000M 0.05
**1000M 0.04
---------------------------------------------------------------------------
Minnesota Money Market Fund 0-1000M 0.05
**1000M 0.04
---------------------------------------------------------------------------
Minnesota Tax-Free Fund 0-400M 0.15
400-800M 0.125
**800M 0.10
---------------------------------------------------------------------------
Moderate Balanced Fund 0.05
---------------------------------------------------------------------------
Money Market Fund 0-1000M 0.05
**1000M 0.04
---------------------------------------------------------------------------
Money Market Trust 0-1000M 0.00
**1000M 0.00
---------------------------------------------------------------------------
Xxxxxxxxxx Emerging Markets Focus Fund 0-200M 0.35
**200M 0.25
---------------------------------------------------------------------------
Xxxxxxxxxx Institutional Emerging Markets Fund 0-200M 0.35
**200M 0.25
---------------------------------------------------------------------------
Xxxxxxxxxx Mid Cap Growth Fund 0-200M 0.25
**200M 0.20
---------------------------------------------------------------------------
Xxxxxxxxxx Short Duration Government Bond Fund 0-400M 0.15
400-800M 0.125
**800M 0.10
---------------------------------------------------------------------------
Xxxxxxxxxx Small Cap Fund 0-200M 0.25
**200M 0.20
---------------------------------------------------------------------------
Xxxxxxxxxx Total Return Bond Fund 0-400M 0.15
400-800M 0.125
**800M 0.10
---------------------------------------------------------------------------
National Limited Term Tax-Free Fund 0-400M 0.15
400-800M 0.125
**800M 0.10
---------------------------------------------------------------------------
National Tax-Free Fund 0-400M 0.15
400-800M 0.125
**800M 0.10
---------------------------------------------------------------------------
National Tax-Free Institutional Money Market Fund 0-1000M 0.05
**1000M 0.04
---------------------------------------------------------------------------
National Tax-Free Money Market Fund 0-1000M 0.05
**1000M 0.04
---------------------------------------------------------------------------
National Tax-Free Money Market Trust 0-1000M 0.0
**1000M 0.0
---------------------------------------------------------------------------
Nebraska Tax-Free Fund 0-400M 0.15
400-800M 0.125
**800M 0.10
---------------------------------------------------------------------------
Overland Express Sweep Fund 0-1000M 0.05
**1000M 0.04
---------------------------------------------------------------------------
** Denotes greater than
7
--------------------------------------------------------------------------
Funds Trust Funds Fee as % of Avg.
Daily Net Assets
--------------------------------------------------------------------------
Prime Investment Institutional Money Market Fund 0-1000M 0.05
**1000M 0.04
--------------------------------------------------------------------------
Prime Investment Money Market Fund 0-1000M 0.05
**1000M 0.04
--------------------------------------------------------------------------
SIFE Specialized Financial Services Fund 0-200M 0.25
200-400M 0.20
**400M 0.15
--------------------------------------------------------------------------
Small Cap Growth Fund 0-200M 0.25
**200M 0.20
--------------------------------------------------------------------------
Strategic Growth Allocation Fund 0.05
--------------------------------------------------------------------------
Strategic Income Fund 0.05
--------------------------------------------------------------------------
Treasury Plus Institutional Money Market Fund 0-1000M 0.05
**1000M 0.04
--------------------------------------------------------------------------
Treasury Plus Money Market Fund 0-1000M 0.05
**1000M 0.04
--------------------------------------------------------------------------
WealthBuilder Growth Balanced Portfolio 0.05
--------------------------------------------------------------------------
WealthBuilder Growth and Income Portfolio 0.05
--------------------------------------------------------------------------
WealthBuilder Growth Portfolio 0.05
--------------------------------------------------------------------------
100% Treasury Money Market Fund 0-1000M 0.05
**1000M 0.04
--------------------------------------------------------------------------
** Denotes Greater than
8
