EX-99.(h)(1)
Appendix A
XXXXX FARGO FUNDS TRUST ADMINISTRATION AGREEMENT
Overview of Fee Structure
The Fund Level administration fee breakpoints listed below are calculated on
the total net assets of each Fund.
Fees for Multi-Class Funds
Multi-Class Non-Money Fund-Level Admin. Class Level
Market Funds and Classes Fee Admin. Fee Total Admin. Fee
------------------------ ----------------- ----------- ----------------
Class A, Class B, Class C, Class First 5B 0.05% 0.28% First 5B 0.33%
D and Advisor Class Shares Next 5B 0.04% Next 5B 0.32%
Over 10B 0.03% Over 10B 0.31%
Administrator Class Shares First 5B 0.05% 0.10% First 5B 0.15%
Next 5B 0.04% Next 5B 0.14%
Over 10B 0.03% Over 10B 0.13%
Institutional Class Shares First 5B 0.05% 0.08% First 5B 0.13%
Next 5B 0.04% Next 5B 0.12%
Over 10B 0.03% Over 10B 0.11%
Investor Class and Class Z First 5B 0.05% 0.45% First 5B 0.50%
Shares/1/ Next 5B 0.04% Next 5B 0.49%
Over 10B 0.03% Over 10B 0.48%
Multi-Class Non-Money Fund-Level Admin. Class Level
Market Funds and Classes Fee Admin. Fee Total Admin. Fee
------------------------ ----------------- ----------- ----------------
Class A, Class B and Class C First 5B 0.05% 0.22% First 5B 0.27%
Shares Next 5B 0.04% Next 5B 0.26%
Over 10B 0.03% Over 10B 0.25%
Service Class Shares First 5B 0.05% 0.12% First 5B 0.17%
Next 5B 0.04% Next 5B 0.16%
Over 10B 0.03% Over 10B 0.15%
Administrator Class Shares First 5B 0.05% 0.10% First 5B 0.15%
Next 5B 0.04% Next 5B 0.14%
Over 10B 0.03% Over 10B 0.13%
Institutional Class Shares First 5B 0.05% 0.08% First 5B 0.13%
Next 5B 0.04% Next 5B 0.12%
Over 10B 0.03% Over 10B 0.11%
Investor Class and Class Z First 5B 0.05% 0.39% First 5B 0.44%
Shares/1/ Next 5B 0.04% Next 5B 0.43%
Over 10B 0.03% Over 10B 0.42%
Select Class Shares First 5B 0.05% 0.04% First 5B 0.09%
Next 5B 0.04% Next 5B 0.08%
Over 10B 0.03% Over 10B 0.07%
--------
/1/ On March 30, 2007 the Board of Trustees approved a 0.05% reduction to the
Investor and Z class-level fees. This reduction will become effective upon
each Fund's annual prospectus update beginning July 1, 2007 through
March 1, 2008. Please refer to Schedule A to Appendix A of the Agreement
for specific fees and effective dates.
A-1
Fees for Single Class Funds
Single Class
Non-Money Market Funds Total Admin. Fee
---------------------- ----------------
Retail Class Shares First 5B 0.33%
Next 5B 0.32%
Over 10B 0.31%
Administrator Class Shares First 5B 0.15%
Next 5B 0.14%
Over 10B 0.13%
Institutional Class Shares First 5B 0.13%
Next 5B 0.12%
Over 10B 0.11%
Investor Class Shares/2/ First 5B 0.50%
Next 5B 0.49%
Over 10B 0.48%
Single Class
Money Market Funds Total Admin. Fee
------------------ ----------------
Retail Class Shares First 5B 0.27%
Next 5B 0.26%
Over 10B 0.25%
Service/Trust Class Shares First 5B 0.17%
Next 5B 0.16%
Over 10B 0.15%
Institutional Class Shares First 5B 0.13%
Next 5B 0.12%
Over 10B 0.11%
Investor Class Shares/2/ First 5B 0.44%
Next 5B 0.43%
Over 10B 0.42%
--------
/2/ On March 30, 2007 the Board of Trustees approved a 0.05% reduction to the
Investor class fees. This reduction will become effective upon each Fund's
annual prospectus update beginning July 1, 2007 through March 1, 2008.
Please refer to Schedule A to Appendix A of the Agreement for specific
fees and effective dates.
A-2
Schedule A to Appendix A
Administration Agreement
XXXXX FARGO FUNDS TRUST
List of Funds
Total Breakpoint
Administration Fees
------------------------
Funds/Classes First 5B Next 5B Over 10B
------------- -------- ------- --------
Aggressive Allocation Fund
Administrator Class 0.15% 0.14% 0.13%
Asia Pacific Fund/3/
Class A 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Investor Class/4/ 0.30% 0.29% 0.28%
Asset Allocation Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Balanced Fund
Investor Class/5/ 0.50% 0.49% 0.48%
C&B Large Cap Value Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Class D 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
C&B Mid Cap Value Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Class D 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
California Limited-Term Tax-Free Fund
Class A 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
--------
/3/ On May 9, 2007 the Board of Trustees approved the establishment of
Class A and Class C shares for the Asia Pacific Fund, which are expected
to commence operations on or about July 31, 2007.
/4/ Effective April 11, 2005, Funds Management committed to special fee
reductions for two years for certain Strong Funds. On March 30, 2007, the
Board of Trustees approved removing the fee reduction, thereby aligning
the class-level fees with the other Funds. Effective February 1, 2008,
the total administration fees for the Asia Pacific Fund Investor Class
will increase as follows: first 5 billion of assets 0.45%; next 5 billion
of assets 0.44%; and assets over 10 billion 0.43%.
/5/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective February 1, 2008, the
total administration fees for the Balanced Fund Investor Class will be as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
A-3
Total Breakpoint
Administration Fees
------------------------
Funds/Classes First 5B Next 5B Over 10B
------------- -------- ------- --------
California Tax-Free Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
California Tax-Free Money Market Fund
Class A 0.27% 0.26% 0.25%
Service Class 0.17% 0.16% 0.15%
California Tax-Free Money Market Trust 0.17% 0.16% 0.15%
Capital Growth Fund/6/
Class A 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/7/ 0.50% 0.49% 0.48%
Cash Investment Money Market Fund
Service Class 0.17% 0.16% 0.15%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Select Class/8/ 0.09% 0.08% 0.07%
Colorado Tax-Free Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Common Stock Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Class Z/9/ 0.50% 0.49% 0.48%
Conservative Allocation Fund
Administrator Class 0.15% 0.14% 0.13%
Corporate Bond Fund
Advisor Class 0.33% 0.32% 0.31%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/10/ 0.50% 0.49% 0.48%
--------
/6/ On May 9, 2007 the Board of Trustees approved the establishment of
Class A and Class C shares for the Capital Growth Fund, which are
expected to commence operations on or about July 31, 2007.
/7/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective December 1, 2007, the
total administration fees for the Capital Growth Fund Investor Class will
be as follows: first 5 billion of assets 0.45%; next 5 billion of assets
0.44%; and assets over 10 billion 0.43%.
/8/ On November 8, 2006, the Board of Trustees approved the establishment of
Select Class shares for the Cash Investment Money Market Fund, which is
expected to commence operations on or about July 1, 2007.
/9/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective March 1, 2008, the total
administration fees for the Common Stock Fund Class Z will be as follows:
first 5 billion of assets 0.45%; next 5 billion of assets 0.44%; and
assets over 10 billion 0.43%.
/10/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective October 1, 2007, the total
administration fees for the Corporate Bond Fund Investor Class will be as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
A-4
Total Breakpoint
Administration Fees
------------------------
Funds/Classes First 5B Next 5B Over 10B
------------- -------- ------- --------
Discovery Fund/11/
Class A 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/12/ 0.50% 0.49% 0.48%
Diversified Bond Fund
Administrator Class 0.15% 0.14% 0.13%
Diversified Equity Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Diversified Small Cap Fund
Administrator Class 0.15% 0.14% 0.13%
Dividend Income Fund
Administrator Class 0.15% 0.14% 0.13%
Investor Class/13/ 0.42% 0.41% 0.40%
Emerging Growth Fund
Administrator Class 0.15% 0.14% 0.13%
Investor Class/14/ 0.50% 0.49% 0.48%
Emerging Markets Focus Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Endeavor Large Cap Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Endeavor Select Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
--------
/11/ On May 9, 2007 the Board of Trustees approved the establishment of
Class A and Class C shares for the Discovery Fund, which are expected to
commence operations on or about July 31, 2007.
/12/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective March 1, 2008, the total
administration fees for the Discovery Fund Investor Class will be as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
/13/ Effective April 11, 2005, Funds Management committed to special fee
reductions for two years for certain Strong Funds. On March 30, 2007, the
Board of Trustees approved removing the fee reduction, thereby aligning
the class-level fees with the other Funds. Effective December 1, 2007,
the total administration fees for the Dividend Income Fund Investor Class
will increase as follows: first 5 billion of assets 0.45%; next 5 billion
of assets 0.44%; and assets over 10 billion 0.43%.
/14/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective February 1, 2008, the
total administration fees for the Emerging Growth Fund Investor Class
will be as follows: first 5 billion of assets 0.45%; next 5 billion of
assets 0.44%; and assets over 10 billion 0.43%.
A-5
Total Breakpoint
Administration Fees
------------------------
Funds/Classes First 5B Next 5B Over 10B
------------- -------- ------- --------
Enterprise Fund
Advisor Class 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/15/ 0.50% 0.49% 0.48%
Equity Income Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Equity Index Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Equity Value Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Government Money Market Fund
Class A 0.27% 0.26% 0.25%
Administrator Class 0.15% 0.14% 0.13%
Service Class 0.17% 0.16% 0.15%
Institutional Class 0.13% 0.12% 0.11%
Government Securities Fund
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Advisor Class 0.33% 0.32% 0.31%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/16/ 0.50% 0.49% 0.48%
Growth Balanced Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Growth Equity Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
--------
/15/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective March 1, 2008, the total
administration fees for the Enterprise Fund Investor Class will be as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
/16/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective October 1, 2007, the total
administration fees for the Government Securities Fund Investor Class
will be as follows: first 5 billion of assets 0.45%; next 5 billion of
assets 0.44%; and assets over 10 billion 0.43%.
A-6
Total Breakpoint
Administration Fees
------------------------
Funds/Classes First 5B Next 5B Over 10B
------------- -------- ------- --------
Growth Fund
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Advisor Class 0.33% 0.32% 0.31%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/17/ 0.50% 0.49% 0.48%
Growth and Income Fund
Administrator Class 0.15% 0.14% 0.13%
Advisor Class/18/ 0.28% 0.27% 0.26%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/19/ 0.45% 0.44% 0.43%
Heritage Money Market Fund
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Select Class/20/ 0.09% 0.08% 0.07%
High Income Fund
Advisor Class/21/ 0.28% 0.27% 0.26%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/22/ 0.45% 0.44% 0.43%
High Yield Bond Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Income Plus Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
--------
/17/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective December 1, 2007, the
total administration fees for the Growth Fund Investor Class will be as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
/18/ Effective April 11, 2005, Funds Management committed to special fee
reductions for two years for certain Strong Funds. On March 30, 2007, the
Board of Trustees approved removing the fee reduction, thereby aligning
the class-level fees with the other Funds. Effective December 1, 2007,
the total administration fees for the Growth and Income Fund Advisor
Class will increase as follows: first 5 billion of assets 0.33%; next 5
billion of assets 0.32%; and assets over 10 billion 0.31%.
/19/ Effective April 11, 2005, Funds Management committed to special fee
reductions for two years for certain Strong Funds. On March 30, 2007, the
Board of Trustees approved removing the special fee reduction and
approved a 0.05% reduction to the Growth and Income Fund Investor Class,
thereby aligning the class-level fees with the other Funds. As a result,
effective December 1, 2007, the total administration fees will remain as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
/20/ On November 8, 2006, the Board of Trustees approved the establishment of
Select Class shares for the Heritage Money Market Fund, which is expected
to commence operations on or about July 1, 2007.
/21/ Effective April 11, 2005, Funds Management committed to special fee
reductions for two years for certain Strong Funds. On March 30, 2007, the
Board of Trustees approved removing the fee reduction, thereby aligning
the class-level fees with the other Funds. Effective October 1, 2007, the
total administration fees for the High Income Fund Advisor Class will
increase as follows: first 5 billion of assets 0.33%; next 5 billion of
assets 0.32%; and assets over 10 billion 0.31%.
/22/ Effective April 11, 2005, Funds Management committed to special fee
reductions for two years for certain Strong Funds. On March 30, 2007, the
Board of Trustees approved removing the special fee reduction and
approved a 0.05% reduction to the High Income Fund Investor Class,
thereby aligning the class-level fees with the other Funds. As a result,
effective October 1, 2007, the total administration fees will remain as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
A-7
Total Breakpoint
Administration Fees
------------------------
Funds/Classes First 5B Next 5B Over 10B
------------- -------- ------- --------
Index Fund
Administrator Class 0.15% 0.14% 0.13%
Investor Class/23/ 0.50% 0.49% 0.48%
Inflation-Protected Bond Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Emerging Markets Fund
Institutional Class 0.13% 0.12% 0.11%
Intermediate Government Income Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Intermediate Tax-Free Fund/24/
Class A 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Investor Class/25/ 0.50% 0.49% 0.48%
International Core Fund/26/
Class A 0.28% 0.27% 0.26%
Class B 0.28% 0.27% 0.26%
Class C 0.28% 0.27% 0.26%
Administrator Class 0.15% 0.14% 0.13%
International Equity Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
International Value Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
--------
/23/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective February 1, 2008, the
total administration fees for the Index Fund Investor Class will be as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
/24/ On May 9, 2007 the Board of Trustees approved the establishment of
Class A and Class C shares for the Intermediate Tax-Free Fund, which are
expected to commence operations on or about July 31, 2007.
/25/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective November 1, 2007, the
total administration fees for the Intermediate Tax-Free Fund Investor
Class will be as follows: first 5 billion of assets 0.45%; next 5 billion
of assets 0.44%; and assets over 10 billion 0.43%.
/26/ Effective April 11, 2005, Funds Management committed to special fee
reductions for two years for certain Strong Funds. On March 30, 2007, the
Board of Trustees approved removing the fee reduction, thereby aligning
the class-level fees with the other Funds. Effective February 1, 2008,
the total administration fees for the International Core Fund Class A, B
and C will increase as follows: first 5 billion of assets 0.33%; next 5
billion of assets 0.32%; and assets over 10 billion 0.31%.
A-8
Total Breakpoint
Administration Fees
------------------------
Funds/Classes First 5B Next 5B Over 10B
------------- -------- ------- --------
Large Cap Appreciation Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Large Cap Growth Fund
Investor Class/27/ 0.45% 0.44% 0.43%
Large Company Core Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Class Z/28/ 0.50% 0.49% 0.48%
Administrator Class 0.15% 0.14% 0.13%
Large Company Growth Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Class Z/29/ 0.50% 0.49% 0.48%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Life Stage-Aggressive Portfolio/30/
Investor Class 0.50% 0.49% 0.48%
Life Stage- Conservative Portfolio/30/
Investor Class 0.50% 0.49% 0.48%
Life Stage-Moderate Portfolio/30/
Investor Class 0.50% 0.49% 0.48%
Liquidity Reserve Money Market Fund 0.27% 0.26% 0.25%
Mid Cap Disciplined Fund/31/
Class A 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/32/ 0.50% 0.49% 0.48%
--------
/27/ Effective April 11, 2005, Funds Management committed to special fee
reductions for two years for certain Strong Funds. On March 30, 2007, the
Board of Trustees approved removing the special fee reduction and
approved a 0.05% reduction to the Large Cap Growth Fund Investor Class,
thereby aligning the class-level fees with the other Funds. As a result,
effective December 1, 2007, the total administration fees will remain as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
/28/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective December 1, 2007, the
total administration fees for the Large Company Core Fund Class Z will be
as follows: first 5 billion of assets 0.45%; next 5 billion of assets
0.44%; and assets over 10 billion 0.43%.
/29/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective February 1, 2008, the
total administration fees for the Large Company Growth Fund Class Z will
be as follows: first 5 billion of assets 0.45%; next 5 billion of assets
0.44%; and assets over 10 billion 0.43%.
/30/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective July 1, 2007, the total
administration fees for each of the Life Stage Portfolios will be as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
/31/ On May 9, 2007 the Board of Trustees approved the establishment of
Class A and Class C shares for the Mid Cap Disciplined Fund, which are
expected to commence operations on or about July 31, 2007.
A-9
Total Breakpoint
Administration Fees
------------------------
Funds/Classes First 5B Next 5B Over 10B
------------- -------- ------- --------
Mid Cap Growth Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Class Z/33/ 0.50% 0.49% 0.48%
Minnesota Money Market Fund
Class A 0.27% 0.26% 0.25%
Minnesota Tax-Free Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Class Z/34/ 0.50% 0.49% 0.48%
Administrator Class 0.15% 0.14% 0.13%
Moderate Balanced Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Money Market Fund
Class A 0.27% 0.26% 0.25%
Class B 0.27% 0.26% 0.25%
Investor Class/35/ 0.44% 0.43% 0.42%
Money Market Trust 0.17% 0.16% 0.15%
Municipal Bond Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Investor Class/36/ 0.50% 0.49% 0.48%
Municipal Money Market Fund
Investor Class/37/ 0.44% 0.43% 0.42%
--------
/32/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective March 1, 2008, the total
administration fees for the Mid Cap Disciplined Fund Investor Class will
be as follows: first 5 billion of assets 0.45%; next 5 billion of assets
0.44%; and assets over 10 billion 0.43%.
/33/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective March 1, 2008, the total
administration fees for the Mid Cap Growth Fund Class Z will be as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
/34/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective November 1, 2007, the
total administration fees for the Minnesota Tax-Free Fund Class Z will be
as follows: first 5 billion of assets 0.45%; next 5 billion of assets
0.44%; and assets over 10 billion 0.43%.
/35/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective February 1, 2008, the
total administration fees for the Money Market Fund Investor Class will
be as follows: first 5 billion of assets 0.39%; next 5 billion of assets
0.38%; and assets over 10 billion 0.37%.
/36/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective November 1, 2007, the
total administration fees for the Municipal Bond Fund Investor Class will
be as follows: first 5 billion of assets 0.45%; next 5 billion of assets
0.44%; and assets over 10 billion 0.43%.
/37/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective July 1, 2007, the total
administration fees for the Municipal Market Fund Investor Class will be
as follows: first 5 billion of assets 0.39%; next 5 billion of assets
0.38%; and assets over 10 billion 0.37%.
A-10
Total Breakpoint
Administration Fees
------------------------
Funds/Classes First 5B Next 5B Over 10B
------------- -------- ------- --------
National Limited-Term Tax-Free Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
National Tax-Free Fund Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
National Tax-Free Money Market Fund
Class A 0.27% 0.26% 0.25%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Service Class 0.17% 0.16% 0.15%
National Tax-Free Money Market Trust 0.17% 0.16% 0.15%
Nebraska Tax-Free Fund
Administrator Class 0.15% 0.14% 0.13%
Opportunity Fund
Administrator Class 0.15% 0.14% 0.13%
Advisor Class 0.33% 0.32% 0.31%
Investor Class/38/ 0.50% 0.49% 0.48%
Overland Express Sweep Fund 0.27% 0.26% 0.25%
Overseas Fund
Institutional Class 0.13% 0.12% 0.11%
Investor Class/39/ 0.45% 0.44% 0.43%
Prime Investment Money Market Fund
Institutional Class 0.13% 0.12% 0.11%
Service Class 0.17% 0.16% 0.15%
Short Duration Government Bond Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Short-Term Bond Fund
Advisor Class 0.33% 0.32% 0.31%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/40/ 0.50% 0.49% 0.48%
--------
/38/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective March 1, 2008, the total
administration fees for the Opportunity Fund Investor Class will be as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
/39/ Effective April 11, 2005, Funds Management committed to special fee
reductions for two years for certain Strong Funds. On March 30, 2007, the
Board of Trustees approved removing the special fee reduction and
approved a 0.05% reduction to the Overseas Fund Investor Class, thereby
aligning the class-level fees with the other Funds. As a result,
effective February 1, 2008, the total administration fees will remain as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
/40/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective October 1, 2007, the total
administration fees for the Short Term Bond Fund Investor Class will be
as follows: first 5 billion of assets 0.45%; next 5 billion of assets
0.44%; and assets over 10 billion 0.43%.
A-11
Total Breakpoint
Administration Fees
------------------------
Funds/Classes First 5B Next 5B Over 10B
------------- -------- ------- --------
Short-Term High Yield Bond Fund
Advisor Class/41/ 0.28% 0.27% 0.26%
Investor Class/42/ 0.45% 0.44% 0.43%
Short-Term Municipal Bond Fund
Class C/43/ 0.28% 0.27% 0.26%
Investor Class/44/ 0.45% 0.44% 0.43%
Small Cap Growth Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Class Z/45/ 0.50% 0.49% 0.48%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Small Cap Disciplined Fund
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/46/ 0.50% 0.49% 0.48%
Small Cap Opportunities Fund
Administrator Class 0.15% 0.14% 0.13%
Small Cap Value Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Class Z/47/ 0.50% 0.49% 0.48%
Institutional Class/48/ 0.13% 0.12% 0.11%
--------
/41/ Effective April 11, 2005, Funds Management committed to special fee
reductions for two years for certain Strong Funds. On March 30, 2007, the
Board of Trustees approved removing the fee reduction, thereby aligning
the class-level fees with the other Funds. Effective October 1, 2007, the
total administration fees for the Short-Term High Yield Bond Fund Advisor
Class will increase as follows: first 5 billion of assets 0.33%; next 5
billion of assets 0.32%; and assets over 10 billion 0.31%.
/42/ Effective April 11, 2005, Funds Management committed to special fee
reductions for two years for certain Strong Funds. On March 30, 2007, the
Board of Trustees approved removing the special fee reduction and
approved a 0.05% reduction to the Short-Term High Yield Bond Fund
Investor Class, thereby aligning the class-level fees with the other
Funds. As a result, effective October 1, 2007, the total administration
fees will remain as follows: first 5 billion of assets 0.45%; next 5
billion of assets 0.44%; and assets over 10 billion 0.43%.
/43/ Effective April 11, 2005, Funds Management committed to special fee
reductions for two years for certain Strong Funds. On March 30, 2007, the
Board of Trustees approved removing the fee reduction, thereby aligning
the class-level fees with the other Funds. Effective November 1, 2007,
the total administration fees for the Short-Term Municipal Bond Fund
Class C will increase as follows: first 5 billion of assets 0.33%; next 5
billion of assets 0.32%; and assets over 10 billion 0.31%.
/44/ Effective April 11, 2005, Funds Management committed to special fee
reductions for two years for certain Strong Funds. On March 30, 2007, the
Board of Trustees approved removing the special fee reduction and
approved a 0.05% reduction to the Short-Term Municipal Bond Fund Investor
Class, thereby aligning the class-level fees with the other Funds. As a
result, effective November 1, 2007, the total administration fees will
remain as follows: first 5 billion of assets 0.45%; next 5 billion of
assets 0.44%; and assets over 10 billion 0.43%.
/45/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective March 1, 2008, the total
administration fees for the Small Cap Growth Fund Class Z will be as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
/46/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective March 1, 2008, the total
administration fees for the Small Cap Disciplined Fund Investor Class
will be as follows: first 5 billion of assets 0.45%; next 5 billion of
assets 0.44%; and assets over 10 billion 0.43%.
A-12
Total Breakpoint
Administration Fees
------------------------
Funds/Classes First 5B Next 5B Over 10B
------------- -------- ------- --------
Small Company Growth Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Small Company Value Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Small/Mid Cap Value Fund/49/
Class A 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/50/ 0.50% 0.49% 0.48%
Specialized Financial Services Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Specialized Health Sciences Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Specialized Technology Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Class Z/51/ 0.50% 0.49% 0.48%
Stable Income Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Strategic Income Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
--------
/47/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective March 1, 2008, the total
administration fees for the Small Cap Value Fund Class Z will be as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
/48/ On May 9, 2007 the Board of Trustees approved the establishment of
Institutional Class shares for the Small Cap Value Fund, which are
expected to commence operations on or about July 31, 2007.
/49/ On May 9, 2007 the Board of Trustees approved the establishment of
Class A and Class C shares for the Small/Mid Cap Value Fund, which are
expected to commence operations on or about July 31, 2007.
/50/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective March 1, 2008, the total
administration fees for the Small/Mid Cap Value Fund Investor Class will
be as follows: first 5 billion of assets 0.45%; next 5 billion of assets
0.44%; and assets over 10 billion 0.43%.
/51/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective March 1, 2008, the total
administration fees for the Specialized Technology Fund Class Z will be
as follows: first 5 billion of assets 0.45%; next 5 billion of assets
0.44%; and assets over 10 billion 0.43%.
A-13
Total Breakpoint
Administration Fees
------------------------
Funds/Classes First 5B Next 5B Over 10B
------------- -------- ------- --------
Strategic Small Cap Value Fund
Class A 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Target Today Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/52/ 0.50% 0.49% 0.48%
Target 2010 Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/52/ 0.50% 0.49% 0.48%
Target 2015 Fund/53/
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/52/ 0.50% 0.49% 0.48%
Target 2020 Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/52/ 0.50% 0.49% 0.48%
Target 2025 Fund/53/
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/52/ 0.50% 0.49% 0.48%
Target 2030 Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/52/ 0.50% 0.49% 0.48%
Target 2035 Fund/53/
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/52/ 0.50% 0.49% 0.48%
--------
/52/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective July 1, 2007, the total
administration fees for each Target Fund Investor Class will be as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
/53/ On February 7, 2007 the Board of Trustees approved the establishment of
the Target 2015, Target 2025, Target 2035 and Target 2045 Funds, which
are expected to commence operations on or about July 1, 2007.
A-14
Total Breakpoint
Administration Fees
------------------------
Funds/Classes First 5B Next 5B Over 10B
------------- -------- ------- --------
Target 2040 Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/52/ 0.50% 0.49% 0.48%
Target 2045 Fund/53/
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/52/ 0.50% 0.49% 0.48%
Target 2050 Fund/54/
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/52/ 0.50% 0.49% 0.48%
Total Return Bond Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Class Z/55/ 0.50% 0.49% 0.48%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Treasury Plus Money Market Fund
Class A 0.27% 0.26% 0.25%
Institutional Class 0.13% 0.12% 0.11%
Service Class 0.17% 0.16% 0.15%
Ultra-Short Duration Bond Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Class Z/56/ 0.50% 0.49% 0.48%
Ultra Short-Term Income Fund
Administrator Class 0.15% 0.14% 0.13%
Advisor Class 0.33% 0.32% 0.31%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/57/ 0.50% 0.49% 0.48%
--------
/52/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective July 1, 2007, the total
administration fees for each Target Fund Investor Class will be as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
/53/ On February 7, 2007 the Board of Trustees approved the establishment of
the Target 2015, Target 2025, Target 2035 and Target 2045 Funds, which
are expected to commence operations on or about July 1, 2007.
/54/ On November 8, 2006 the Board of Trustees approved the establishment of
the Target 2050 Fund, which is expected to commence operations on or
about July 1, 2007.
/55/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective October 1, 2007, the total
administration fees for the Total Return Bond Fund Class Z will be as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
/56/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective October 1, 2007, the total
administration fees for the Ultra-Short Duration Bond Fund Class Z will
be as follows: first 5 billion of assets 0.45%; next 5 billion of assets
0.44%; and assets over 10 billion 0.43%.
A-15
Total Breakpoint
Administration Fees
------------------------
Funds/Classes First 5B Next 5B Over 10B
------------- -------- ------- --------
Ultra Short-Term Municipal Income Fund
Advisor Class 0.33% 0.32% 0.31%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/58/ 0.50% 0.49% 0.48%
U.S. Value Fund/59/
Class A 0.28% 0.27% 0.26%
Class B 0.28% 0.27% 0.26%
Class C 0.28% 0.27% 0.26%
Class Z/60/ 0.45% 0.44% 0.43%
Administrator Class 0.15% 0.14% 0.13%
Value Fund
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Investor Class/61/ 0.50% 0.49% 0.48%
Administrator Class 0.15% 0.14% 0.13%
WealthBuilder Conservative Allocation Portfolio 0.33% 0.32% 0.31%
WealthBuilder Equity Portfolio 0.33% 0.32% 0.31%
WealthBuilder Growth Allocation Portfolio 0.33% 0.32% 0.31%
WealthBuilder Growth Balanced Portfolio 0.33% 0.32% 0.31%
WealthBuilder Moderate Balanced Portfolio 0.33% 0.32% 0.31%
WealthBuilder Tactical Equity Portfolio 0.33% 0.32% 0.31%
Wisconsin Tax-Free Fund
Class C 0.33% 0.32% 0.31%
Investor Class/62/ 0.50% 0.49% 0.48%
100% Treasury Money Market Fund
Class A 0.27% 0.26% 0.25%
Service Class 0.17% 0.16% 0.15%
--------
/57/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective October 1, 2007, the total
administration fees for the Ultra Short-Term Income Fund Investor Class
will be as follows: first 5 billion of assets 0.45%; next 5 billion of
assets 0.44%; and assets over 10 billion 0.43%.
/58/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective November 1, 2007, the
total administration fees for the Ultra Short-Term Municipal Income Fund
Investor Class will be as follows: first 5 billion of assets 0.45%; next
5 billion of assets 0.44%; and assets over 10 billion 0.43%.
/59/ Effective April 11, 2005, Funds Management committed to special fee
reductions for two years for certain Strong Funds. On March 30, 2007, the
Board of Trustees approved removing the fee reduction, thereby aligning
the class-level fees with the other Funds. Effective December 1, 2007,
the total administration fees for the U.S. Value Fund Class A, B and C
will increase as follows: first 5 billion of assets 0.33%; next 5 billion
of assets 0.32%; and assets over 10 billion 0.31%.
/60/ Effective April 11, 2005, Funds Management committed to special fee
reductions for two years for certain Strong Funds. On March 30, 2007, the
Board of Trustees approved removing the special fee reduction and
approved a 0.05% reduction to the U.S. Value Fund Class Z, thereby
aligning the class-level fees with the other Funds. As a result,
effective December 1, 2007, the total administration fees will remain as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
/61/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective December 1, 2007, the
total administration fees for the Value Fund Investor Class will be as
follows: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%;
and assets over 10 billion 0.43%.
/62/ On March 30, 2007, the Board of Trustees approved a 0.05% reduction to
the Investor and Z class-level fees. Effective November 1, 2007, the
total administration fees for the Wisconsin Tax-Free Fund Investor Class
will be as follows: first 5 billion of assets 0.45%; next 5 billion of
assets 0.44%; and assets over 10 billion 0.43%.
Most recent annual approval by the Board of Trustees: March 30, 2007 Schedule A
to Appendix A amended: May 9, 2007
A-16
The foregoing fee schedule is agreed to as of May 9, 2007 and shall remain
in effect until changed in writing by the parties.
XXXXX FARGO FUNDS TRUST
By: /s/ X. Xxxxx Xxxxxxx
----------------------------------
X. Xxxxx Xxxxxxx
Secretary
XXXXX FARGO FUNDS MANAGEMENT, LLC
By: /s/ Xxxxxx Xxxx
----------------------------------
Xxxxxx Xxxx
Executive Vice President
A-17
