EX-99.(d)(2)
SCHEDULE A
FEE AND EXPENSE AGREEMENT
XXXXX FARGO FUNDS TRUST
(CAPPED OPERATING EXPENSE RATIOS)
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
------------- ---------------- ------------------
Aggressive Allocation Fund
Administrator Class 1.00% January 31, 2009
Asia Pacific Fund
Class A 1.60% January 31, 2009
Class C 2.35% January 31, 2009
Investor Class 1.65% January 31, 2009
Asset Allocation Fund
Class A 1.15% January 31, 2009
Class B 1.90% January 31, 2009
Class C 1.90% January 31, 2009
Administrator Class 0.90% January 31, 2009
C&B Large Cap Value Fund
Class A 1.15% January 31, 2009
Class B 1.90% January 31, 2009
Class C 1.90% January 31, 2009
Administrator Class 0.95% January 31, 2009
Institutional Class 0.70% January 31, 2009
Investor Class 1.20% January 31, 2009
C&B Mid Cap Value Fund
Class A 1.20% February 29, 2009
Class B 1.95% February 29, 2009
Class C 1.95% February 29, 2009
Administrator Class 1.15% February 29, 2009
Institutional Class 0.90% February 29, 2009
Investor Class 1.25% February 29, 2009
California Limited-Term Tax-Free Fund
Class A 0.85% October 31, 2008
Class C 1.60% October 31, 2008
Administrator Class 0.60% October 31, 2008
California Tax-Free Fund
Class A 0.80% October 31, 2008
Class B 1.55% October 31, 2008
Class C 1.55% October 31, 2008
Administrator Class 0.55% October 31, 2008
California Tax-Free Money Market Fund
Class A 0.65% June 30, 2009
Institutional Class 0.20% June 30, 2009
Service Class 0.45% June 30, 2009
California Tax-Free Money Market Trust 0.20% June 30, 2009
1
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
------------- ---------------- -------------------
Capital Growth Fund
Class A 1.25% November 30, 2008
Class C 2.00% November 30, 2008
Administrator Class 0.94% November 30, 2008
Institutional Class 0.75% November 30, 2008
Investor Class/1/ 1.37% November 30, 2008
Cash Investment Money Market Fund
Administrator Class 0.35% June 30, 2009
Institutional Class 0.20% June 30, 2009
Select Class 0.13% June 30, 2009
Service Class 0.50% June 30, 2009
Colorado Tax-Free Fund
Class A 0.85% October 31, 2009
Class B 1.60% October 31, 2009
Class C 1.60% October 31, 2009
Administrator Class 0.60% October 31, 2009
Common Stock Fund
Class A 1.26% February 29, 2009
Class B 2.01% February 29, 2009
Class C 2.01% February 29, 2009
Investor Class 1.29% February 29, 2009
Conservative Allocation Fund
Administrator Class 0.85% January 31, 2009
Discovery Fund
Class A 1.33% February 29, 2009
Class C 2.08% February 29, 2009
Administrator Class 1.15% February 29, 2009
Institutional Class 0.95% February 29, 2009
Investor Class 1.38% February 29, 2009
Diversified Bond Fund
Administrator Class 0.70% September 30, 2009
Diversified Equity Fund
Class A 1.25% January 31, 2009
Class B 2.00% January 31, 2009
Class C 2.00% January 31, 2009
Administrator Class 1.00% January 31, 2009
Diversified Small Cap Fund
Administrator Class 1.00% January 31, 2009
--------
/1/ On March 28, 2008, the Board of Trustees approved a 0.02% decrease to the
capped operating expense ratio for the Capital Growth Fund Investor Class
from 1.37% to 1.35%, effective December 1, 2008.
2
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
------------- ---------------- ------------------
Emerging Growth Fund
Class A 1.45% January 31, 2009
Class C 2.20% January 31, 2009
Administrator Class 1.20% January 31, 2009
Institutional Class 0.95% January 31, 2009
Investor Class 1.49% January 31, 2009
Emerging Markets Equity Fund
Class A 1.90% January 31, 2009
Class B 2.65% January 31, 2009
Class C 2.65% January 31, 2009
Administrator Class 1.60% January 31, 2009
Endeavor Select Fund
Class A 1.25% November 30, 2008
Class B 2.00% November 30, 2008
Class C 2.00% November 30, 2008
Administrator Class 1.00% November 30, 2008
Institutional Class 0.80% November 30, 2008
Enterprise Fund/2/
Class A 1.40% February 28, 2009
Class C 2.15% February 29, 2009
Administrator Class 1.15% February 29, 2009
Institutional Class 0.90% February 29, 2009
Investor Class 1.49% February 29, 2009
Equity Income Fund
Class A 1.10% January 31, 2009
Class B 1.85% January 31, 2009
Class C 1.85% January 31, 2009
Administrator Class 0.85% January 31, 2009
Equity Value Fund
Class A 1.25% January 31, 2009
Class B 2.00% January 31, 2009
Class C 2.00% January 31, 2009
Administrator Class 1.00% January 31, 2009
Institutional Class 0.75% January 31, 2009
Government Money Market Fund
Class A 0.65% June 30, 2009
Administrator Class 0.35% June 30, 2009
Institutional Class 0.20% June 30, 2009
Service Class 0.50% June 30, 2009
--------
/2/ On March 28, 2008 the Board of Trustees approved a 0.05% decrease to the
capped operating expense ratio for the Enterprise Fund Class A from 1.40%
to 1.35%, effective March 1, 2009 and a 0.04% decrease to the capped
operating expense ratio for the Investor Class from 1.49% to 1.45%,
effective March 1, 2009.
3
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
------------- ---------------- -------------------
Government Securities Fund
Class A 0.90% September 30, 2009
Class B 1.65% September 30, 2009
Class C 1.65% September 30, 2009
Administrator Class 0.70% September 30, 2009
Institutional Class 0.48% September 30, 2009
Investor Class 0.95% September 30, 2009
Growth Fund/3/
Class A 1.30% November 30, 2008
Class C 2.05% November 30, 2008
Administrator Class 0.96% November 30, 2008
Institutional Class 0.80% November 30, 2008
Investor Class 1.42% November 30, 2008
Growth Balanced Fund
Class A 1.20% January 31, 2009
Class B 1.95% January 31, 2009
Class C 1.95% January 31, 2009
Administrator Class 0.95% January 31, 2009
Growth Equity Fund
Class A 1.50% January 31, 2009
Class B 2.25% January 31, 2009
Class C 2.25% January 31, 2009
Administrator Class 1.25% January 31, 2009
Institutional Class 1.05% January 31, 2009
Heritage Money Market Fund
Administrator Class 0.35% June 30, 2009
Institutional Class 0.20% June 30, 2009
Select Class 0.13% June 30, 2009
High Income Fund/4/
Class A 0.86% September 30, 2009
Class B 1.65% September 30, 2009
Class C 1.65% September 30, 2009
Institutional Class 0.50% September 30, 2009
Investor Class 0.86% September 30, 2009
Income Plus Fund
Class A 0.90% September 30, 2009
Class B 1.65% September 30, 2009
Class C 1.65% September 30, 2009
Institutional Class 0.61% September 30, 2009
Investor Class 0.94% September 30, 2009
--------
/3/ On March 28, 2008, the Board of Trustees approved a 0.02% decrease to the
capped operating expense ratio for the Growth Fund Investor Class from
1.42% to 1.40%, effective December 1, 2008.
/4/ On November 7, 2007, the Board of Trustees approved share class
modifications to the High Income Fund. Effective October 1, 2008, the
Class A capped expense ratio will increase from 0.86% to 0.90%. In
addition, on March 28, 2008, the Board of Trustees approved a 0.09%
increase to the capped operating expense ratio for the Investor Class from
0.86% to 0.95%, effective October 1, 2008.
4
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
------------- ---------------- -------------------
Index Fund
Class A 0.62% January 31, 2009
Class B 1.37% January 31, 2009
Administrator Class 0.25% January 31, 2009
Investor Class 0.45% January 31, 2009
Inflation-Protected Bond Fund
Class A 0.85% September 30, 2009
Class B 1.60% September 30, 2009
Class C 1.60% September 30, 2009
Administrator Class 0.60% September 30, 2009
Intermediate Tax-Free Fund/5/
Class A 0.70% October 31, 2009
Class C 1.45% October 31, 2009
Administrator Class 0.60% October 31, 2009
Institutional Class 0.42% October 31, 2009
Investor Class 0.75% October 31, 2009
International Core Fund
Class A 1.50% January 31, 2009
Class B 2.25% January 31, 2009
Class C 2.25% January 31, 2009
Administrator Class 1.25% January 31, 2009
International Equity Fund
Class A 1.41% January 31, 2009
Class B 2.16% January 31, 2009
Class C 2.16% January 31, 2009
Administrator Class 1.25% January 31, 2009
Institutional Class 0.99% January 31, 2009
Investor Class 1.46% January 31, 2009
International Value Fund
Class A 1.50% January 31, 2009
Class B 2.25% January 31, 2009
Class C 2.25% January 31, 2009
Administrator Class 1.25% January 31, 2009
Institutional Class 1.05% January 31, 2009
Large Cap Appreciation Fund
Class A 1.25% January 31, 2009
Class B 2.00% January 31, 2009
Class C 2.00% January 31, 2009
Administrator Class 1.00% January 31, 2009
Institutional Class 0.70% January 31, 2009
--------
/5/ On November 7, 2007, the Board of Trustees approved the name change from
Intermediate Tax-Free Fund to Intermediate Tax/AMT-Free Fund, effective
November 1, 2008.
5
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
------------- ---------------- ------------------
Large Cap Growth Fund
Investor Class 1.19% November 30, 2008
Large Company Core Fund/6/
Class A 1.14% November 30, 2009
Class B 1.89% November 30, 2009
Class C 1.89% November 30, 2009
Administrator Class 0.95% November 30, 2009
Investor Class 1.31% November 30, 2009
Institutional Class 0.66% November 30, 2009
Large Company Growth Fund
Class A 1.20% January 31, 2009
Class B 1.95% January 31, 2009
Class C 1.95% January 31, 2009
Administrator Class 0.95% January 31, 2009
Institutional Class 0.75% January 31, 2009
Investor Class 1.27% January 31, 2009
Large Company Value Fund
Class A 1.25% November 30, 2009
Class C 2.00% November 30, 2009
Administrator Class 0.96% November 30, 2009
Institutional Class 0.75% November 30, 2009
Investor Class/7/ 1.37% November 30, 2009
Mid Cap Disciplined Fund
Class A 1.25% February 29, 2009
Class C 2.00% February 29, 2009
Administrator Class 1.15% February 29, 2009
Institutional Class 0.90% February 29, 2009
Investor Class 1.31% February 29, 2009
Mid Cap Growth Fund/8/
Class A 1.40% February 29, 2009
Class B 2.15% February 29, 2009
Class C 2.15% February 29, 2009
Administrator Class 1.15% February 29, 2009
Institutional Class 0.90% February 28, 2009
Investor Class 1.49% February 28, 2009
Minnesota Money Market Fund
Class A 0.80% June 30, 2009
--------
/6/ On March 28, 2008, the Board of Trustees approved a 0.03% decrease to the
capped operating expense ratio for the Large Company Core Fund Investor
Class from 1.31% to 1.28%, effective December 1, 2008.
/7/ On March 28, 2008, the Board of Trustees approved a 0.02% decrease to the
capped operating expense ratio for the Large Company Value Fund Investor
Class from 1.37% to 1.35%, effective December 1, 2008.
/8/ On March 28, 2008 the Board of Trustees approved a 0.04% decrease to the
capped operating expense ratio for the Mid Cap Growth Fund Investor Class
and a 0.05% decrease to Class A, B and C. The following reductions will
become effective March 1, 2009: Investor Class from 1.49% to 1.45%,
Class A from 1.40% to 1.35%, Class B from 2.15% to 2.10% and Class C from
2.15% to 2.10%.
6
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
------------- ---------------- -------------------
Minnesota Tax-Free Fund
Class A 0.85% October 31, 2008
Class B 1.60% October 31, 2008
Class C 1.60% October 31, 2008
Administrator Class 0.60% October 31, 2008
Moderate Balanced Fund
Class A 1.15% January 31, 2009
Class B 1.90% January 31, 2009
Class C 1.90% January 31, 2009
Administrator Class 0.90% January 31, 2009
Money Market Fund
Class A 0.76% June 30, 2009
Class B 1.51% June 30, 2009
Investor Class 0.65% June 30, 2009
Money Market Trust 0.20% June 30, 2009
Municipal Bond Fund
Class A 0.75% October 31, 2009
Class B 1.50% October 31, 2009
Class C 1.50% October 31, 2009
Administrator Class 0.60% October 31, 2009
Institutional Class 0.42% October 31, 2009
Investor Class 0.80% October 31, 2009
Municipal Money Market Fund
Institutional Class 0.20% June 30, 2009
Investor Class 0.64% June 30, 2009
National Tax-Free Money Market Fund
Class A 0.65% June 30, 2009
Administrator Class 0.30% June 30, 2009
Institutional Class 0.20% June 30, 2009
Service Class 0.45% June 30, 2009
National Tax-Free Money Market Trust 0.20% June 30, 2009
Opportunity Fund
Class A 1.29% February 28, 2009
Class C 2.04% February 29, 2009
Administrator Class 1.04% February 29, 2009
Investor Class 1.35% February 29, 2009
Overland Express Sweep Fund 1.08% June 30, 2009
Prime Investment Money Market Fund
Institutional Class 0.20% June 30, 2009
Service Class 0.55% June 30, 2009
Short Duration Government Bond Fund
Class A 0.85% September 30, 2009
Class B 1.60% September 30, 2009
Class C 1.60% September 30, 2009
Administrator Class 0.60% September 30, 2009
Institutional Class 0.42% September 30, 2009
7
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
------------- ---------------- -------------------
Short-Term Bond Fund
Class A 0.80% September 30, 2009
Class C 1.55% September 30, 2009
Institutional Class 0.48% September 30, 2009
Investor Class 0.85% September 30, 2009
Short-Term High Yield Bond Fund
Class A 0.81% September 30, 2009
Class C 1.56% September 30, 2009
Investor Class 0.86% September 30, 2009
Short-Term Municipal Bond Fund
Class A 0.60% October 31, 2009
Class C 1.35% October 31, 2009
Institutional Class 0.40% October 31, 2009
Investor Class 0.66% October 31, 2009
Small Cap Disciplined Fund
Class A 1.45% February 28, 2009
Class C 2.20% February 28, 2009
Administrator Class 1.20% February 29, 2009
Institutional Class 1.00% February 29, 2009
Investor Class 1.49% February 29, 2009
Small Cap Growth Fund
Class A 1.40% February 29, 2009
Class B 2.15% February 29, 2009
Class C 2.15% February 29, 2009
Administrator Class 1.20% February 29, 2009
Institutional Class 0.90% February 29, 2009
Investor Class 1.49% February 29, 2009
Small Cap Opportunities Fund
Administrator Class 1.20% February 29, 2009
Small Cap Value Fund
Class A 1.44% February 29, 2009
Class B 2.19% February 29, 2009
Class C 2.19% February 29, 2009
Institutional Class 0.95% February 29, 2009
Investor Class 1.36% February 29, 2009
Small Company Growth Fund
Class A 1.45% January 31, 2009
Class B 2.20% January 31, 2009
Class C 2.20% January 31, 2009
Administrator Class 1.20% January 31, 2009
Institutional Class 0.95% January 31, 2009
Small Company Value Fund
Class A 1.45% January 31, 2009
Class B 2.20% January 31, 2009
Class C 2.20% January 31, 2009
Administrator Class 1.20% January 31, 2009
8
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
------------- ---------------- -------------------
Small/Mid Cap Value Fund
Class A 1.40% February 29, 2009
Class C 2.15% February 29, 2009
Administrator Class 1.15% February 29, 2009
Institutional Class 0.95% February 29, 2009
Investor Class 1.49% February 29, 2009
Social Sustainability Fund/9/
Class A 1.25% November 30, 2009
Class C 2.00% November 30, 2009
Administrator Class 1.00% November 30, 2009
Specialized Financial Services Fund
Class A 1.35% February 29, 2009
Class B 2.10% February 29, 2009
Class C 2.10% February 29, 2009
Specialized Technology Fund
Class A 1.75% February 29, 2009
Class B 2.50% February 29, 2009
Class C 2.50% February 29, 2009
Investor Class/10/ 1.87% February 29, 2009
Stable Income Fund
Class A 0.85% September 30, 2009
Class B 1.60% September 30, 2009
Class C 1.60% September 30, 2009
Administrator Class 0.65% September 30, 2009
Strategic Income Fund
Class A 1.10% September 30, 2009
Class B 1.85% September 30, 2009
Class C 1.85% September 30, 2009
Strategic Small Cap Value Fund
Class A 1.45% January 31, 2009
Class C 2.20% January 31, 2009
Administrator Class 1.20% January 31, 2009
Target Today Fund
Class A 1.15% June 30, 2009
Class B 1.90% June 30, 2009
Class C 1.90% June 30, 2009
Administrator Class 0.85% June 30, 2009
Institutional Class 0.62% June 30, 2009
Investor Class 0.91% June 30, 2009
--------
/9/ On May 7, 2008, the Board of Trustees approved the establishment of the
Social Sustainability Fund (formerly, Social Awareness Fund), which is
expected to commence operations on or about October 1, 2008.
/10/ On March 28, 2008 the Board of Trustees approved a 0.02% decrease to the
capped operating expense ratio for the Specialized Technology Fund
Investor Class from 1.87% to 1.85% effective March 1, 2009.
9
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
------------- ---------------- --------------
Target 2010 Fund
Class A 1.18% June 30, 2009
Class B 1.93% June 30, 2009
Class C 1.93% June 30, 2009
Administrator Class 0.88% June 30, 2009
Institutional Class 0.65% June 30, 2009
Investor Class 0.94% June 30, 2009
Target 2015 Fund
Institutional Class 0.66% June 30, 2009
Administrator Class 0.89% June 30, 2009
Investor Class 0.95% June 30, 2009
Target 2020 Fund
Class A 1.20% June 30, 2009
Class B 1.95% June 30, 2009
Class C 1.95% June 30, 2009
Administrator Class 0.90% June 30, 2009
Institutional Class 0.67% June 30, 2009
Investor Class 0.96% June 30, 2009
Target 2025 Fund
Administrator Class 0.90% June 30, 2009
Institutional Class 0.67% June 30, 2009
Investor Class 0.96% June 30, 2009
Target 2030 Fund
Class A 1.21% June 30, 2009
Class B 1.96% June 30, 2009
Class C 1.96% June 30, 2009
Administrator Class 0.91% June 30, 2009
Institutional Class 0.68% June 30, 2009
Investor Class 0.97% June 30, 2009
Target 2035 Fund
Administrator Class 0.92% June 30, 2009
Institutional Class 0.69% June 30, 2009
Investor Class 0.98% June 30, 2009
Target 2040 Fund
Class A 1.22% June 30, 2009
Class B 1.97% June 30, 2009
Class C 1.97% June 30, 2009
Administrator Class 0.92% June 30, 2009
Institutional Class 0.69% June 30, 2009
Investor Class 0.98% June 30, 2009
Target 2045 Fund
Administrator Class 0.92% June 30, 2009
Institutional Class 0.69% June 30, 2009
Investor Class 0.98% June 30, 2009
Target 2050 Fund
Administrator Class 0.92% June 30, 2009
Institutional Class 0.69% June 30, 2009
Investor Class 0.98% June 30, 2009
10
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
------------- ---------------- -------------------
Total Return Bond Fund
Class A 0.85% September 30, 2009
Class B 1.60% September 30, 2009
Class C 1.60% September 30, 2009
Administrator Class 0.70% September 30, 2008
Institutional Class 0.42% September 30, 2008
Investor Class 0.90% September 30, 2009
Treasury Plus Money Market Fund
Class A 0.65% June 30, 2009
Administrator Class 0.35% June 30, 2009
Institutional Class 0.20% June 30, 2009
Service Class 0.50% June 30, 2009
Ultra Short-Term Income Fund
Class A 0.70% September 30, 2009
Class C 1.45% September 30, 2009
Administrator Class 0.55% September 30, 2009
Institutional Class 0.35% September 30, 2009
Investor Class 0.75% September 30, 2009
Ultra Short-Term Municipal Income Fund
Class A 0.67% October 31, 2009
Class C 1.42% October 31, 2009
Institutional Class 0.37% October 31, 2009
Investor Class 0.72% October 31, 2009
U.S. Value Fund
Class A 1.25% November 30, 2008
Class B 2.00% November 30, 2008
Class C 2.00% November 30, 2008
Administrator Class 0.96% November 30, 2008
Investor Class 1.32% November 30, 2008
WealthBuilder Conservative Allocation
Portfolio 1.50% September 30, 2009
WealthBuilder Equity Portfolio 1.50% September 30, 2009
WealthBuilder Growth Allocation
Portfolio 1.50% September 30, 2009
WealthBuilder Growth Balanced Portfolio 1.50% September 30, 2009
WealthBuilder Moderate Balanced
Portfolio 1.50% September 30, 2009
WealthBuilder Tactical Equity Portfolio 1.50% September 30, 2009
Wisconsin Tax-Free Fund
Class A 0.70% October 31, 2009
Class C 1.49% October 31, 2009
Investor Class 0.75% October 31, 2009
100% Treasury Money Market Fund
Class A 0.65% June 30, 2009
Service Class 0.50% June 30, 2009
Schedule A amended: August 6, 2008
11
The foregoing schedule of capped operating expense ratios is agreed to as of
August 6, 2008 and shall remain in effect until changed in writing by the
parties.
XXXXX FARGO FUNDS TRUST
By:
------------------------------
X. Xxxxx Xxxxxxx
Secretary
XXXXX FARGO FUNDS MANAGEMENT, LLC
By:
------------------------------
Xxxxxx Xxxx
Executive Vice President
12
