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
Balanced Fund/1/
Investor Class 1.25% January 31, 2009
C&B Large Cap Value Fund
Class A 1.20% January 31, 2009
Class B 1.95% January 31, 2009
Class C 1.95% January 31, 2009
Class D/2/ 1.20% January 31, 2009
Administrator Class 0.95% January 31, 2009
Institutional Class 0.70% January 31, 2009
C&B Mid Cap Value Fund
Class A 1.40% February 29, 2009
Class B 2.15% February 29, 2009
Class C 2.15% February 29, 2009
Class D/3/ 1.25% February 29, 2009
Administrator Class 1.15% February 29, 2009
Institutional Class 0.90% February 29, 2009
----------
/1/ On November 7, 2007, the Board of Trustees approved the merger of the
Balanced Fund into the Asset Allocation Fund. Subject to shareholder
approval, the fund merger is expected to occur before the end of the third
quarter of 2008.
/2/ On November 7, 2007, the Board of Trustees approved the merger of the Value
Fund into the C&B Large Cap Value Fund and share class modification.
Subject to shareholder approval of the Fund merger, Class D will change to
Investor Class and the capped expense ratios for Class A, B and C will be
reduced by 5 bps to 1.15%, 1.90% and 1.90%, respectively. These changes are
expected to occur before the end of third quarter of 2008.
/3/ On November 7, 2007, the Board of Trustees approved the share class
modification of the C&B Mid Cap Value Fund. Before the end of the third
quarter of 2008, Class D will change to Investor Class and the capped
expense ratios for Class A, B and C will be reduced by 20 bps to 1.20%,
1.95% and 1.95%, respectively.
1
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
-------------------------- ---------------- -----------------
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, 2008
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/4/ 1.37% November 30, 2008
Cash Investment Money Market Fund
Administrator Class 0.35% June 30, 2008
Service Class 0.50% June 30, 2008
Institutional Class 0.20% June 30, 2008
Select Class 0.13% June 30, 2008
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/5/
Class A 1.31% February 29, 2009
Class B 2.06% February 29, 2009
Class C 2.06% February 29, 2009
Class Z 1.29% February 29, 2009
Conservative Allocation Fund
Administrator Class 0.85% January 31, 2009
----------
/4/ 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.
/5/ On November 7, 2007, the Board of Trustees approved the share class
modification of the Common Stock Fund. Before the end of the third quarter
of 2008, Class Z will change to Investor Class. In addition, on March 28,
2008, the Board of Trustees approved a 0.05% decrease to the capped
operating expense ratio for Classes A, B and C. The following reductions
will become effective June 20, 2008: Class A from 1.31% to 1.26%, Class B
from 2.06% to 2.01% and Class C from 2.06% to 2.01%.
2
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
-------------------------- ---------------- -----------------
Corporate Bond Fund/6/
Advisor Class 0.95% September 30, 2008
Investor Class 0.98% September 30, 2008
Institutional Class 0.61% September 30, 2008
Discovery Fund
Class A 1.33% February 29, 2009
Class C 2.08% February 29, 2009
Administrator Class 1.15% February 29, 2009
Investor Class 1.38% February 29, 2009
Institutional Class 0.95% February 29, 2009
Diversified Bond Fund
Administrator Class 0.70% September 30, 2008
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
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 Large Cap Fund/7/
Class A 1.25% November 30, 2008
Class B 2.00% November 30, 2008
Class C 2.00% November 30, 2008
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
----------
/6/ On November 7, 2007, the Board of Trustees approved the merger of the
Corporate Bond Fund into the Income Plus Fund. Subject to shareholder
approval, the fund merger is expected to occur before the end of the third
quarter of 2008.
/7/ On November 7, 2007, the Board of Trustees approved the merger of the
Endeavor Large Cap Fund into the Capital Growth Fund. The fund merger is
expected to occur before the end of the third quarter of 2008.
3
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
------------------------------ ---------------- -----------------
Enterprise Fund/8/
Class C 2.15% February 28, 2009
Advisor Class 1.40% February 29, 2009
Administrator Class 1.15% February 29, 2009
Investor Class 1.49% February 29, 2009
Institutional Class 0.90% 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 Index Fund/9/
Class A 0.62% November 30, 2008
Class B 1.37% November 30, 2008
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, 2008
Service Class 0.50% June 30, 2008
Administrator Class 0.35% June 30, 2008
Institutional Class 0.20% June 30, 2008
Government Securities Fund/10/
----------
/8/ On November 7, 2007, the Board of Trustees approved a share class
modification to the Enterprise Fund. Before the end of the third quarter of
2008, Advisor Class will change to Class A. In addition, on March 28, 2008
the Board of Trustees approved a 0.05% decrease to the capped operating
expense ratio for 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.
/9/ On November 7, 2007, the Board of Trustees approved the merger of the
Equity Index Fund into the Index Fund. The fund merger is expected to occur
before the end of the third quarter of 2008.
/10/ On November 7, 2007, the Board of Trustees approved the merger of the
Intermediate Government Income Fund into the Government Securities Fund and
share class modification. Subject to shareholder approval of the fund
merger, which is expected to occur before the end of the third quarter of
2008, Class A and Class B shares will be added with the following capped
operating expense ratios and an expiration date of September 30, 2009:
Class A 0.90% and Class B 1.65%. Additionally, Advisor Class will change to
Class A and the capped operating expense ratio for Class C will be reduced
from 1.70% to 1.65% before the end of the third quarter of 2008.
4
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
------------------------------ ---------------- -----------------
Growth Fund/11/
Class C 2.05% November 30, 2008
Advisor Class 1.30% November 30, 2008
Administrator Class 0.96% November 30, 2008
Investor Class 1.42% November 30, 2008
Institutional Class 0.80% 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
Growth and Income Fund/12/
Advisor Class 1.14% November 30, 2009
Administrator Class 0.96% November 30, 2009
Investor Class 1.31% November 30, 2009
Institutional Class 0.66% November 30, 2009
Heritage Money Market Fund
Administrator Class 0.35% June 30, 2008
Institutional Class 0.20% June 30, 2008
Select Class 0.13% June 30, 2008
High Income Fund/13/
Advisor Class 0.86% September 30, 2008
Investor Class 0.86% September 30, 2008
Institutional Class 0.50% September 30, 2008
----------
/11/ On November 7, 2007, the Board of Trustees approved the share class
modification of the Growth Fund. Before the end of the third quarter of
2008, Advisor Class will change to Class A. In addition, on March 28, 2008,
the Board of Trustees approved a 0.02% decrease to the capped operating
expense ratio for the Investor Class from 1.42% to 1.40%, effective
December 1, 2008.
/12/ On November 7, 2007, the Board of Trustees approved the merger of the Large
Company Core Fund into the Growth and Income Fund. The fund merger will
occur before the end of the third quarter of 2008 and the Growth and Income
Fund will change its name to the Large Company Core Fund. At the time of
the merger, Class B and Class C shares will be added, each with capped
operating expense ratios of 1.89%, the Advisor Class will change to Class A
and the capped operating expense ratio for the Administrator Class will
decrease from 0.96% to 0.95%. Each of the foregoing share class changes
will result in a November 30, 2009 expiration date. In addition, on March
28, 2008, the Board of Trustees approved a 0.03% decrease to the capped
operating expense ratio for the Investor Class from 1.31% to 1.28%,
effective December 1, 2008.
5
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
--------------------------------------- ---------------- ------------------
High Yield Bond Fund/14/
Class A 1.15% September 30, 2008
Class B 1.90% September 30, 2008
Class C 1.90% September 30, 2008
Income Plus Fund/15/
Class A 1.00% September 30, 2009
Class B 1.75% September 30, 2009
Class C 1.75% September 30, 2009
Index Fund/16/
Administrator Class 0.25% January 31, 2009
Investor Class 0.45% January 31, 2009
Inflation-Protected Bond Fund
Class A 0.85% September 30, 2008
Class B 1.60% September 30, 2008
Class C 1.60% September 30, 2008
Administrator Class 0.60% September 30, 2008
Intermediate Government Income Fund/17/
Class A 0.95% September 30, 2008
Class B 1.70% September 30, 2008
Class C 1.70% September 30, 2008
Administrator Class 0.70% September 30, 2008
----------
Footnote continued from previous page
/13/ On November 7, 2007, the Board of Trustees approved the merger of the High
Yield Bond Fund into the High Income Fund and share class modification.
Subject to shareholder approval of the fund merger, Class B and C shares
will be added before the end of the third quarter of 2008. Class B and C
will each have 1.65% capped operating expense ratios, Advisor Class will
change to Class A and the capped expense ratio will increase from 0.86% to
0.90%, effective October 1, 2008. Each of the foregoing share class changes
will result in a September 30, 2009 expiration date. 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.
/14/ On November 7, 2007, the Board of Trustees approved the merger of the High
Yield Bond Fund into the High Income Fund. Subject to shareholder approval,
the fund merger is expected to occur before the end of the third quarter of
2008.
/15/ On November 7, 2007, the Board of Trustees approved the merger of the
Corporate Bond Fund into the Income Plus Fund and the addition of Investor
and Institutional Classes. Subject to shareholder approval before the end
of the third quarter of 2008, the new classes will have the following
capped operating expense ratios with an expiration date of September 30,
2009: Investor Class 0.94% and Institutional Class 0.61%. In addition, the
capped operating expense ratios for Class A, B and C will be reduced by 10
bps to 0.90%, 1.65% and 1.65%, respectively.
/16/ On November 7, 2007, the Board of Trustees approved the merger of the
Equity Index Fund into the Index Fund. The fund merger is expected to occur
before the end of the third quarter of 2008. Upon the fund merger, Class A
and Class B shares will be added with the following capped operating
expense ratios and an expiration date of January 31, 2009: Class A 0.62%
and Class B 1.37%.
/17/ On November 7, 2007, the Board of Trustees approved the merger of the
Intermediate Government Income Fund into the Government Securities Fund.
Subject to shareholder approval, the fund merger is expected to occur
before the end of the third quarter of 2008.
6
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
--------------------------------------- ---------------- ------------------
Intermediate Tax-Free Fund/18/
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/19/
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
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
Large Cap Growth Fund
Investor Class 1.19% November 30, 2008
Large Company Core Fund/20/
Class A 1.25% November 30, 2008
Class B 2.00% November 30, 2008
Class C 2.00% November 30, 2008
Class Z 1.37% November 30, 2008
Administrator Class 0.95% November 30, 2008
----------
/18/ 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.
/19/ On November 7, 2007, the Board of Trustees approved the merger of the
Overseas Fund into the International Equity Fund and addition of the
Investor Class. Subject to shareholder of the fund merger before the end of
the third quarter of 2008, the Investor Class will be added and the capped
operating expense ratio will be 1.46% with an expiration date of January
31, 2009. In addition, the following capped operating expense ratios will
be reduced: Class A from 1.50% to 1.41%; Class B from 2.25% to 2.16%; Class
C from 2.25% to 2.16%; and Institutional Class from 1.05% to 0.99%.
/20/ On November 7, 2007, the Board of Trustees approved the merger of the Large
Company Core Fund into the Growth and Income Fund. The fund merger is
expected to occur before the end of the third quarter of 2008.
7
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
--------------------------------------- ---------------- -------------------
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
Class Z/21/ 1.27% January 31, 2009
Administrator Class 0.95% January 31, 2009
Institutional Class 0.75% 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/22/ 1.37% November 30, 2009
Life Stage - Aggressive Portfolio/23/
Investor Class 1.45% June 30, 2008
Life Stage - Conservative Portfolio/24/
Investor Class 1.25% June 30, 2008
Life Stage - Moderate Portfolio/25/
Investor Class 1.35% June 30, 2008
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
----------
/21/ On November 7, 2007, the Board of Trustees approved the share class
modification of the Large Company Growth Fund. Before the end of the third
quarter of 2008, Class Z will change to Investor Class.
/22/ 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.
/23/ On November 7, 2007, the Board of Trustees approved the merger of the Life
Stage - Aggressive Portfolio into the Aggressive Allocation Fund. Subject
to shareholder approval, the fund merger is expected to occur before the
end of the third quarter of 2008.
/24/ On November 7, 2007, the Board of Trustees approved the merger of the Life
Stage - Conservative Portfolio into the Moderate Balanced Fund. Subject to
shareholder approval, the fund merger is expected to occur before the end
of the third quarter of 2008.
/25/ On November 7, 2007, the Board of Trustees approved the merger of the Life
Stage - Moderate Portfolio into the Growth Balanced Fund. Subject to
shareholder approval, the fund merger is expected to occur before the end
of the third quarter of 2008.
8
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
--------------------------------------- ---------------- ------------------
Mid Cap Growth Fund/26/
Class A 1.40% February 29, 2009
Class B 2.15% February 29, 2009
Class C 2.15% February 29, 2009
Class Z 1.49% February 29, 2009
Administrator Class 1.15% February 28, 2009
Institutional Class 0.90% February 28, 2009
Minnesota Money Market Fund
Class A 0.80% June 30, 2008
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
Class Z/27/ 0.75% 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, 2008
Class B 1.51% June 30, 2008
Investor Class 0.65% June 30, 2008
Money Market Trust 0.20% June 30, 2008
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
----------
/26/ On November 7, 2007, the Board of Trustees approved the share class
modification of the Mid Cap Growth Fund. Before the end of the third
quarter of 2008, Class Z will change to Investor Class. In addition, on
March 28, 2008 the Board of Trustees approved a 0.04% decrease to the
capped operating expense ratio for the Investor Class and a 0.05% decrease
Classes 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%.
/27/ On November 7, 2007, the Board of Trustees approved the share class merger
of the Minnesota Tax-Free Fund. Before the end of the third quarter of
2008, Class Z will change to Administrator Class and its capped operating
expense ratio will be reduced from 0.75% to 0.60%.
9
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
--------------------------------------- ---------------- ------------------
National Limited-Term Tax-Free Fund/28/
Class A 0.80% October 31, 2008
Class B 1.55% October 31, 2008
Class C 1.55% October 31, 2008
Administrator Class 0.60% October 31, 2008
National Tax-Free Fund/29/
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
National Tax-Free Money Market Fund
Class A 0.65% June 30, 2008
Service Class 0.45% June 30, 2008
Institutional Class 0.20% June 30, 2008
Administrator Class 0.30% June 30, 2008
National Tax-Free Money Market Trust 0.20% June 30, 2008
Opportunity Fund/30/
Class C 2.04% February 28, 2009
Advisor Class 1.29% 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, 2008
Overseas Fund/31/
Institutional Class 0.95% January 31, 2009
Investor Class 1.46% January 31, 2009
Prime Investment Money Market Fund
Service Class 0.55% June 30, 2008
Institutional Class 0.20% June 30, 2008
Short Duration Government Bond Fund
Class A 0.85% September 30, 2008
Class B 1.60% September 30, 2008
Class C 1.60% September 30, 2008
Administrator Class 0.60% September 30, 2008
Institutional Class 0.42% September 30, 2008
----------
/28/ On November 7, 2007, the Board of Trustees approved the merger of the
National Limited-Term Tax-Free Fund into the Short-Term Municipal Bond
Fund. Subject to shareholder approval, the fund merger is expected to occur
before the end of the third quarter of 2008.
/29/ On November 7, 2007, the Board of Trustees approved the merger of the
National Tax-Free Fund into the Municipal Bond Fund. Subject to shareholder
approval, the fund merger is expected to occur before the end of the third
quarter of 2008.
/30/ On November 7, 2007, the Board of Trustees approved a share class
modification to the Opportunity Fund. Before the end of the third quarter
of 2008, the Advisor Class will change to Class A.
/31/ On November 7, 2007, the Board of Trustees approved the merger of the
Overseas Fund into the International Equity Fund. Subject to shareholder
approval, the fund merger is expected to occur before the end of the third
quarter of 2008.
10
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
----------------------------------- ---------------- ------------------
Short-Term Bond Fund/32/
Class C 1.55% September 30, 2009
Advisor Class 0.80% September 30, 2009
Investor Class 0.85% September 30, 2009
Institutional Class 0.48% September 30, 2009
Short-Term High Yield Bond Fund/33/
Class C 1.56% September 30, 2009
Advisor Class 0.86% September 30, 2009
Investor Class 0.86% September 30, 2009
Short-Term Municipal Bond Fund/34/
Class C 1.55% 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
Class Z/35/ 1.49% February 29, 2009
Administrator Class 1.20% February 29, 2009
Institutional Class 0.90% 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
Class Z/36/ 1.36% February 29, 2009
Institutional Class 0.95% February 29, 2009
----------
/32/ On November 7, 2007, the Board of Trustees approved a share class
modification to the Short-Term Bond Fund. Before the end of the third
quarter of 2008 Advisor Class will change to Class A.
/33/ On November 7, 2007, the Board of Trustees approved a share class
modification to the Short-Term High Yield Bond Fund. Before the end of the
third quarter of 2008, Advisor Class will change to Class A and the capped
operating expense ratio for Class A will reduce from 0.86% to 0.81%.
/34/ On November 7, 2007, the Board of Trustees approved the merger of the
National Limited-Term Tax-Free Fund into the Short-Term Municipal Bond Fund
and addition of Class A. Subject to shareholder approval of the fund
merger, the Class A will have a capped operating expense ratios of 0.60%
and an expiration date of October 31, 2009. In addition, the Class C capped
operating expense ratio will be reduced by 20 bps from 1.55% to 1.35%
before the end of the third quarter of 2008.
/35/ On November 7, 2007, the Board of Trustees approved the share class
modification of the Small Cap Growth Fund. Before the end of the third
quarter of 2008, Class Z will change to Investor Class.
11
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
----------------------------------- ---------------- ------------------
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
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
Investor Class 1.49% February 29, 2009
Institutional Class 0.95% February 29, 2009
Social Awareness Fund/37/
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
Class Z/38/ 1.87% February 29, 2009
Stable Income Fund
Class A 0.85% September 30, 2008
Class B 1.60% September 30, 2008
Class C 1.60% September 30, 2008
Administrator Class 0.65% September 30, 2008
----------
Footnote continued from previous page
/36/ On November 7, 2007, the Board of Trustees approved the share class
modification of the Small Cap Value Fund. Before the end of the third
quarter of 2008, Class Z will change to Investor Class.
/37/ On May 7, 2008, the Board of Trustees approved the establishment of the
Social Awareness Fund, which is expected to commence operations on or about
October 1, 2008.
/38/ On November 7, 2007, the Board of Trustees approved the share class
modification of the Specialized Technology Fund. Before the end of the
third quarter of 2008, Class Z will change to Investor Class. In addition,
on March 28, 2008 the Board of Trustees approved a 0.02% decrease to the
capped operating expense ratio for the Investor Class from 1.87% to 1.85%
effective March 1, 2009.
12
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
----------------------------------- ---------------- ------------------
Strategic Income Fund
Class A 1.10% September 30, 2008
Class B 1.85% September 30, 2008
Class C 1.85% September 30, 2008
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, 2008
Class B 1.90% June 30, 2008
Class C 1.90% June 30, 2008
Administrator Class 0.85% June 30, 2008
Institutional Class 0.62% June 30, 2008
Investor Class 0.91% June 30, 2008
Target 2010 Fund
Class A 1.18% June 30, 2008
Class B 1.93% June 30, 2008
Class C 1.93% June 30, 2008
Administrator Class 0.88% June 30, 2008
Institutional Class 0.65% June 30, 2008
Investor Class 0.94% June 30, 2008
Target 2015 Fund
Investor 0.95% June 30, 2008
Institutional 0.66% June 30, 2008
Administrator 0.89% June 30, 2008
Target 2020 Fund
Class A 1.20% June 30, 2008
Class B 1.95% June 30, 2008
Class C 1.95% June 30, 2008
Administrator Class 0.90% June 30, 2008
Institutional Class 0.67% June 30, 2008
Investor Class 0.96% June 30, 2008
Target 2025 Fund
Investor 0.96% June 30, 2008
Institutional 0.67% June 30, 2008
Administrator 0.90% June 30, 2008
Target 2030 Fund
Class A 1.21% June 30, 2008
Class B 1.96% June 30, 2008
Class C 1.96% June 30, 2008
Administrator Class 0.91% June 30, 2008
Institutional Class 0.68% June 30, 2008
Investor Class 0.97% June 30, 2008
Target 2035 Fund
Investor 0.98% June 30, 2008
Institutional 0.69% June 30, 2008
Administrator 0.92% June 30, 2008
13
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
----------------------------------- ---------------- ------------------
Target 2040 Fund
Class A 1.22% June 30, 2008
Class B 1.97% June 30, 2008
Class C 1.97% June 30, 2008
Administrator Class 0.92% June 30, 2008
Institutional Class 0.69% June 30, 2008
Investor Class 0.98% June 30, 2008
Target 2045 Fund
Investor 0.98% June 30, 2008
Institutional 0.69% June 30, 2008
Administrator 0.92% June 30, 2008
Target 2050 Fund
Investor Class 0.98% June 30, 2008
Institutional Class 0.69% June 30, 2008
Administrator Class 0.92% June 30, 2008
Total Return Bond Fund/39/
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
Class Z 0.90% September 30, 2009
Treasury Plus Money Market Fund
Class A 0.65% June 30, 2009
Administrator Class 0.35% June 30, 2009
Service Class 0.50% June 30, 2009
Institutional Class 0.20% June 30, 2009
Ultra-Short Duration Bond Fund/40/
Class A 0.75% September 30, 2008
Class B 1.50% September 30, 2008
Class C 1.50% September 30, 2008
Class Z 0.79% September 30, 2008
Ultra Short-Term Income Fund/41/
Administrator Class 0.55% September 30, 2009
Advisor Class 0.70% September 30, 2009
Investor Class 0.75% September 30, 2009
Institutional Class 0.35% September 30, 2009
----------
/39/ On November 7, 2007, the Board of Trustees approved the share class
modification of the Total Return Bond Fund. Before the end of the third
quarter of 2008, Class Z will change to Investor Class.
/40/ On November 7, 2007, the Board of Trustees approved the merger of the
Ultra-Short Duration Bond Fund into the Ultra Short-Term Income Fund. The
fund merger is expected to occur before the end of the third quarter of
2008.
/41/ On November 7, 2007, the Board of Trustees approved the merger of the
Ultra-Short Duration Bond Fund into the Ultra Short-Term Income Fund and a
share class modification. Before the end of the third quarter of 2008,
Class C shares will be added with a capped operating expense ratio of 1.45%
and an expiration date of September 30, 2009 and Advisor Class will change
to Class A.
14
CAPPED OPERATING EXPIRATION /
FUNDS/CLASSES EXPENSE RATIO RENEWAL DATE
----------------------------------- ---------------- ------------------
Ultra Short-Term Municipal
Income Fund/42/
Class C 1.42% October 31, 2009
Advisor Class 0.72% October 31, 2009
Investor Class 0.72% October 31, 2009
Institutional Class 0.37% 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
Class Z/43/ 1.32% November 30, 2008
Administrator Class 0.96% November 30, 2008
Value Fund/44/
Class A 1.20% November 30, 2008
Class B 1.95% November 30, 2008
Class C 1.95% November 30, 2008
Investor Class 1.20% November 30, 2008
Administrator Class 0.95% November 30, 2008
WealthBuilder Conservative
Allocation Portfolio 1.50% September 30, 2008
WealthBuilder Equity Portfolio 1.50% September 30, 2008
WealthBuilder Growth
Allocation Portfolio 1.50% September 30, 2008
WealthBuilder Growth
Balanced Portfolio 1.50% September 30, 2008
WealthBuilder Moderate
Balanced Portfolio 1.50% September 30, 2008
WealthBuilder Tactical
Equity Portfolio 1.50% September 30, 2008
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, 2008
Service Class 0.50% June 30, 2008
Schedule A amended: June 1, 2008
----------
/42/ On November 7, 2007, the Board of Trustees approved a share class
modification to the Ultra Short-Term Municipal Income Fund. Before the end
of the third quarter of 2008, the Advisor Class will change to Class A and
its capped operating expense ratio will reduce from 0.72% to 0.67%.
/43/ On November 7, 2007, the Board of Trustees approved the share class
modification of the U.S. Value Fund. Before the end of the third quarter of
2008, Class Z will change to Investor Class.
/44/ On November 7, 2007, the Board of Trustees approved the merger of the Value
Fund into the C&B Large Cap Value Fund. Subject to shareholder approval,
the fund merger is expected to occur before the end of the third quarter of
2008.
15
The foregoing schedule of capped operating expense ratios is agreed to as
of June 1, 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
16
The foregoing schedule of capped operating expense ratios is agreed to as
of March 31, 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
17
