XXXXX FARGO CORE TRUST
XXXXX FARGO FUNDS MANAGEMENT, LLC
PEREGRINE CAPITAL MANAGEMENT, INC.
INVESTMENT SUB-ADVISORY AGREEMENT
APPENDIX A
Large Company Growth Portfolio
Small Company Growth Portfolio
Small Company Value Portfolio
Tactical Maturity Bond Portfolio
Approved by Board of Trustees: October 24, 2000 and November 27, 2001 (to change
the name of the Positive Return Bond Portfolio to the Tactical Maturity Bond
Portfolio).
Most Recent Annual Approval Date: August 6, 2002.
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SCHEDULE A
XXXXX FARGO CORE TRUST
INVESTMENT SUB-ADVISORY AGREEMENT
FEE AGREEMENT
This fee agreement is made as of the 27th day of November, 2001 by and
between Xxxxx Fargo Funds Management, LLC (the "Adviser") and Peregrine Capital
Management, Inc. (the "Sub-Adviser"); and
WHEREAS, the parties and Xxxxx Fargo Core Trust (the "Trust") have
entered into an Investment Sub-Advisory Agreement ("Sub-Advisory Agreement")
whereby the Sub-Adviser provides investment management advice to each series of
the Trust as listed in Appendix A to the Sub-Advisory Agreement (each a "Fund"
and collectively the "Funds").
WHEREAS, the Sub-Advisory Agreement provides that the fees to be paid
to the Sub-Adviser are to be as agreed upon in writing by the parties.
NOW THEREFORE, the parties agree that the fees to be paid to the
Sub-Adviser under the Sub-Advisory Agreement shall be calculated as follows on a
monthly basis by applying annual rate of percentage of the assets of the Funds
listed in Appendix A.
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Appendix A
------------------------------------- ---------------- ----------------------
CORE TRUST FUND BREAKPOINTS SUB-ADVISORY RATE
------------------------------------- ---------------- ----------------------
Large Company Growth Portfolio 0-25M 0.75
25-50M 0.60
50-275M 0.50
>275M 0.30
------------------------------------- ---------------- ----------------------
Small Company Growth Portfolio 0-50M 0.90
50-180M 0.75
180-340M 0.65
340-685M 0.50
685-735M 0.52
>735M 0.55
------------------------------------- ---------------- ----------------------
Small Company Value Portfolio 0-175M 0.50
>175M 0.75
------------------------------------- ---------------- ----------------------
Tactical Maturity Bond Portfolio 0-10M 0.40
10-25M 0.30
25-300M 0.20
>300M 0.10
------------------------------------- ---------------- ----------------------
XXXXX FARGO FUNDS MANAGEMENT, LLC
By: /s/ XXXXXX XXXX
-------------------------
Xxxxxx Xxxx
Vice President
PEREGRINE CAPITAL MANAGEMENT, INC.
By: /s/ XXXXXX X. XXXXXX
-------------------------
Xxxxxx X. Xxxxxx
President
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