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
MARKET FUNDS AND CLASSES FUND-LEVEL ADMIN. FEE CLASS LEVEL ADMIN. FEE TOTAL ADMIN. FEE
----------------------------------------------------------------------------------------------------------
Class A, Class B, Class C, First 5B 0.05% 0.28% First 5B 0.33%
Class D and Advisor Class Shares Next 5B 0.04% Next 5B 0.32%
Over 10B 0.03% Over 10B 0.31%
First 5B 0.05% 0.10% First 5B 0.15%
Administrator Class Shares Next 5B 0.04% Next 5B 0.14%
Over 10B 0.03% Over 10B 0.13%
First 5B 0.05% 0.08% First 5B 0.13%
Institutional Class Shares Next 5B 0.04% Next 5B 0.12%
Over 10B 0.03% Over 10B 0.11%
First 5B 0.05% 0.45% First 5B 0.50%
Investor Class and Class Z Shares/1/ Next 5B 0.04% Next 5B 0.49%
Over 10B 0.03% Over 10B 0.48%
MULTI-CLASS NON-MONEY
MARKET FUNDS AND CLASSES FUND-LEVEL ADMIN. FEE CLASS LEVEL ADMIN. FEE TOTAL ADMIN. FEE
----------------------------------------------------------------------------------------------------------
Class A, Class B and Class C Shares First 5B 0.05% 0.22% First 5B 0.27%
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 Shares/1/ First 5B 0.05% 0.39% First 5B 0.44%
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
Class A 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Investor Class 0.45% 0.44% 0.43%
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/3/
Investor Class 0.45% 0.44% 0.43%
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/4/ 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/5/ 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 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.
/4/ On November 7, 2007, the Board of Trustees approved the merger of the Value
Fund into the C&B Large Cap Value Fund and a share class modification.
Subject to shareholder approval of the fund merger, Class D will change to
Investor Class, which is expected to occur before the end of the third
quarter of 2008.
/5/ 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.
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/6/
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
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 0.45% 0.44% 0.43%
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 0.09% 0.08% 0.07%
COLORADO TAX-FREE FUND/7/
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/8//9/ 0.50% 0.49% 0.48%
CONSERVATIVE ALLOCATION FUND
Administrator Class 0.15% 0.14% 0.13%
----------
/6/ On February 6, 2008, the Board of Trustees approved the addition of
Institutional Class to the California Tax-Free Money Market Fund, effective
on or about March 31, 2008. The administration fees for the Institutional
Class will be: first 5 billion of assets 0.13%; next 5 billion of assets
0.12%; and assets over 10 billion 0.11%.
/7/ On February 6, 2008, the Board of Trustees approved the addition of Class C
to the Colorado Tax-Free Fund, effective on or about March 31, 2008. The
administration fees for Class C will be: first 5 billion of assets 0.33%;
next 5 billion of assets 0.32%; and assets over 10 billion 0.31%.
/8/ 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
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%.
/9/ 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.
A-4
TOTAL BREAKPOINT ADMINISTRATION FEES
------------------------------------
FUNDS/CLASSES FIRST 5B NEXT 5B OVER 10B
--------------------------------------------------------------------------------
CORPORATE BOND FUND/10/ 0.33% 0.32% 0.31%
Advisor Class 0.13% 0.12% 0.11%
Institutional Class 0.45% 0.44% 0.43%
Investor Class
DISCOVERY 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%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/11/ 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/12/
Administrator Class 0.15% 0.14% 0.13%
Investor Class 0.45% 0.44% 0.43%
EMERGING GROWTH FUND/13/
Administrator Class 0.15% 0.14% 0.13%
Investor Class 0.45% 0.44% 0.43%
EMERGING MARKETS 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%
----------
/10/ 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.
/11/ 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
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%.
/12/ On November 7, 2007, the Board of Trustees approved a sub-adviser change to
the Dividend Income Fund. Subject to shareholder approval of a new
sub-advisory agreement by the end of the second quarter of 2008, Class A, C
and Institutional will be added and the Fund will be renamed the Large
Company Value Fund. The administration fees for Class A and Class C will
be: first 5 billion of assets 0.33%; next 5 billion of assets 0.32%; and
assets over 10 billion 0.31%. The administration fees for the Institutional
Class will be: first 5 billion of assets 0.13%; next 5 billion of assets
0.12%; and assets over 10 billion 0.11%.
/13/ On November 7, 2007, the Board of Trustees approved the addition of Class
A, Class C and Institutional Class to the Emerging Growth Fund. Effective
on or about March 31, 2008, the administration fees for Class A and C will
be: first 5 billion of assets 0.33%; next 5 billion of assets 0.32%; and
assets over 10 billion .31%. The fees for the Institutional Class will be:
first 5 billion of assets 0.13%; next 5 billion of assets 0.12%; and assets
over 10 billion 0.11%.
A-5
TOTAL BREAKPOINT ADMINISTRATION FEES
------------------------------------
FUNDS/CLASSES FIRST 5B NEXT 5B OVER 10B
--------------------------------------------------------------------------------
ENDEAVOR LARGE CAP FUND/14/
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%
ENTERPRISE FUND/15/
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/16/ 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/17/
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%
----------
/14/ 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.
/15/ On November 7, 2007, the Board of Trustees approved a share class
modification and the addition of Class C to the Enterprise Fund. Effective
on or about March 31, 2008, the administration fees for Class C will be:
first 5 billion of assets 0.33%; next 5 billion of assets 0.32%; and assets
over 10 billion 0.31%. Before the end of the third quarter of 2008, the
Advisor Class will change to Class A.
/16/ 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
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%.
/17/ 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.
A-6
TOTAL BREAKPOINT ADMINISTRATION FEES
------------------------------------
FUNDS/CLASSES FIRST 5B NEXT 5B OVER 10B
--------------------------------------------------------------------------------
GOVERNMENT SECURITIES FUND/18/
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 0.45% 0.44% 0.43%
GROWTH FUND
Class C 0.33% 0.32% 0.31%
Administrator Class 0.15% 0.14% 0.13%
Advisor Class/19/ 0.33% 0.32% 0.31%
Institutional Class 0.13% 0.12% 0.11%
Investor Class 0.45% 0.44% 0.43%
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%
GROWTH AND INCOME FUND/20/
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 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 0.09% 0.08% 0.07%
HIGH INCOME FUND/21/
Advisor Class 0.33% 0.32% 0.31%
Institutional Class 0.13% 0.12% 0.11%
Investor Class 0.45% 0.44% 0.43%
----------
/18/ 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 before the end of the third quarter of 2008, Class A and Class B
will be added and Advisor Class will change to Class A. The administration
fees for Class A and B will be: first 5 billion of assets 0.33%; next 5
billion of assets 0.32%; and assets over 10 billion 0.31%.
/19/ 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.
/20/ On November 7, 2007, the Board of Trustees approved the merger of the Large
Company Core Fund into the Growth and Income Fund and share class
modification. The fund merger is expected to occur before the third quarter
of 2008. As a result of the merger, the name of the Growth and Income Fund
will change to the Large Company Core Fund, Class B and Class C shares will
be added and the Advisor Class will change to Class A. The administration
fees for Classes B and C will be: first 5 billion of assets 0.33%; next 5
billion of assets 0.32%; and assets over 10 billion 0.31%.
A-7
TOTAL BREAKPOINT ADMINISTRATION FEES
------------------------------------
FUNDS/CLASSES FIRST 5B NEXT 5B OVER 10B
--------------------------------------------------------------------------------
HIGH YIELD BOND FUND/22/
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/23/
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
INDEX FUND/24/
Administrator Class 0.15% 0.14% 0.13%
Investor Class 0.45% 0.44% 0.43%
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/25/
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%
----------
FOOTNOTE CONTINUED FROM PREVIOUS PAGE
/21/ 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 before the end of the
third quarter of 2008, Class B and Class C will be added and the Advisor
Class will change to Class A. The administration fees for Classes B and C
will be: first 5 billion of assets 0.33%; next 5 billion of assets 0.32%;
and assets over 10 billion 0.31%. The administration fees for Class A will
be: first 5 billion of assets 0.28%; next 5 billion of assets 0.27%; and
assets over 10 billion 0.26%.
/22/ 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.
/23/ On November 7, 2007, the Board of Trustees approved the merger of the
Corporate Bond Fund into the Income Plus Fund and addition of Investor and
Institutional Classes. Subject to shareholder approval of the fund merger
before the end of the third quarter of 2008, Investor and Institutional
Classes will be added. The administration fees for the Investor Class will
be: first 5 billion of assets 0.45%; next 5 billion of assets 0.44%; and
assets over 10 billion 0.43%. The administration fees for the Institutional
Class will be: first 5 billion of assets 0.13%; next 5 billion of assets
0.12%; and assets over 10 billion 0.11%.
/24/ On November 7, 2007, the Board of Trustees approved the merger of the
Equity Index Fund into the Index Fund. Upon 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. The administration fees for Classes A and B
will be: first 5 billion of assets 0.33%; next 5 billion of assets 0.32%;
and assets over 10 billion 0.31%.
/25/ 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.
A-8
TOTAL BREAKPOINT ADMINISTRATION FEES
------------------------------------
FUNDS/CLASSES FIRST 5B NEXT 5B OVER 10B
--------------------------------------------------------------------------------
INTERMEDIATE TAX-FREE FUND/26/
Class A 0.33% 0.32% 0.31%
Class C 0.33% 0.32% 0.31%
Investor Class 0.45% 0.44% 0.43%
INTERNATIONAL 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%
Administrator Class 0.15% 0.14% 0.13%
INTERNATIONAL EQUITY FUND/27/
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%
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 0.45% 0.44% 0.43%
LARGE COMPANY CORE FUND/28/
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 0.45% 0.44% 0.43%
Administrator Class 0.15% 0.14% 0.13%
----------
/26/ On November 7, 2007, the Board of Trustees approved the addition of
Administrator and Institutional Classes to the Intermediate Tax-Free Fund
and the fund name change to the Intermediate Tax/AMT-Free Fund, effective
November 1, 2008. On or about March 31, 2008, the administration fees for
the Administrator Class will be: first 5 billion of assets 0.15%; next 5
billion of assets 0.14%; and assets over 10 billion 0.13%. The fees for the
Institutional Class will be: first 5 billion of assets 0.13%; next 5
billion of assets 0.12%; and assets over 10 billion 0.11%.
/27/ 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 approval of the fund merger before
the end of the third quarter of 2008, the Investor Class will be added with
the administration fees 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 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.
A-9
TOTAL BREAKPOINT ADMINISTRATION FEES
------------------------------------
FUNDS/CLASSES FIRST 5B NEXT 5B OVER 10B
--------------------------------------------------------------------------------
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/ 0.45% 0.44% 0.43%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
LIFE STAGE - AGGRESSIVE PORTFOLIO/30/
Investor Class 0.45% 0.44% 0.43%
LIFE STAGE - CONSERVATIVE PORTFOLIO/31/
Investor Class 0.45% 0.44% 0.43%
LIFE STAGE - MODERATE PORTFOLIO/32/
Investor Class 0.45% 0.44% 0.43%
MANAGED ACCOUNT COREBUILDER SHARES
SERIES G/33/ 0.00% 0.00% 0.00%
MANAGED ACCOUNT COREBUILDER SHARES
SERIES M/33/ 0.00% 0.00% 0.00%
MID CAP DISCIPLINED 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%
Institutional Class 0.13% 0.12% 0.11%
Investor Class/34/ 0.50% 0.49% 0.48%
----------
/29/ 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.
/30/ 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.
/31/ 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.
/32/ 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.
/33/ On November 7, 2007, the Board of Trustees approved the establishment of
the Managed Account CoreBuilder Shares Series G and Managed Account
CoreBuilder Shares Series M which are expected to commence operations on or
about February 29, 2008.
/34/ 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
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%.
A-10
TOTAL BREAKPOINT ADMINISTRATION FEES
------------------------------------
FUNDS/CLASSES FIRST 5B NEXT 5B OVER 10B
--------------------------------------------------------------------------------
MID CAP GROWTH FUND/35/ 0.33% 0.32% 0.31%
Class A 0.33% 0.32% 0.31%
Class B 0.33% 0.32% 0.31%
Class C 0.50% 0.49% 0.48%
Class Z/36/
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/37/ 0.45% 0.44% 0.43%
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 0.39% 0.38% 0.37%
MONEY MARKET TRUST 0.17% 0.16% 0.15%
MUNICIPAL BOND FUND/38/
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 0.45% 0.44% 0.43%
----------
/35/ On November 7, 2007, the Board of Trustees approved a share class
modification and the addition of Administrator and Institutional Classes to
the Mid Cap Growth Fund. Effective on or about March 31, 2008, the
administration fees for the Administrator Class will be: first 5 billion of
assets 0.15%; next 5 billion of assets 0.14%; and assets over 10 billion
0.13%. The fees for the Institutional Class will be: first 5 billion of
assets 0.13%; next 5 billion of assets 0.12%; and assets over 10 billion
0.11%. Before the end of the third quarter of 2008, Class Z will change to
Investor Class.
/36/ 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
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%.
/37/ On November 7, 2007, the Board of Trustees approved the share class
modification of the Minnesota Tax-Free Fund. Before the end of the third
quarter of 2008, Class Z will change to Administrator Class.
/38/ On November 7, 2007, the Board of Trustees approved the merger of the
National Tax-Free Fund into the Municipal Bond Fund and addition of an
Institutional Class. Subject to shareholder approval of the fund merger,
the Institutional Class will be added before the end of the third quarter
of 2008. The administration fees for the Institutional Class will be: first
5 billion of assets 0.13%; next 5 billion of assets 0.12%; and assets over
10 billion 0.11%.
A-11
TOTAL BREAKPOINT ADMINISTRATION FEES
------------------------------------
FUNDS/CLASSES FIRST 5B NEXT 5B OVER 10B
--------------------------------------------------------------------------------
MUNICIPAL MONEY MARKET FUND/39/ 0.39% 0.38% 0.37%
Investor Class
NATIONAL LIMITED-TERM TAX-FREE FUND/40/
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/41/
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%
OPPORTUNITY FUND/42/
Administrator Class 0.15% 0.14% 0.13%
Advisor Class 0.33% 0.32% 0.31%
Investor Class/43/ 0.50% 0.49% 0.48%
OVERLAND EXPRESS SWEEP FUND 0.27% 0.26% 0.25%
OVERSEAS FUND/44/
Institutional Class 0.13% 0.12% 0.11%
Investor Class 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%
----------
/39/ On February 6, 2008, the Board of Trustees approved the addition of
Institutional Class to the Municipal Money Market Fund, effective on or
about March 31, 2008. The administration fees for the Institutional Class
will be: first 5 billion of assets 0.13%; next 5 billion of assets 0.12%;
and assets over 10 billion 0.11%.
/40/ 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.
/41/ 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.
/42/ On November 7, 2007, the Board of Trustees approved a share class
modification and the addition of Class C to the Opportunity Fund. Effective
on or about March 31, 2008, the administration fees for Class C will be:
first 5 billion of assets 0.33%; next 5 billion of assets 0.32%; and assets
over 10 billion 0.31%. Before the end of the third quarter of 2008, the
Advisor Class will change to Class A.
/43/ 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
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%.
/44/ 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.
A-12
TOTAL BREAKPOINT ADMINISTRATION FEES
------------------------------------
FUNDS/CLASSES FIRST 5B NEXT 5B OVER 10B
--------------------------------------------------------------------------------
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/45/
Advisor Class 0.33% 0.32% 0.31%
Institutional Class 0.13% 0.12% 0.11%
Investor Class 0.45% 0.44% 0.43%
SHORT-TERM HIGH YIELD BOND FUND/46/
Advisor Class 0.33% 0.32% 0.31%
Investor Class 0.45% 0.44% 0.43%
SHORT-TERM MUNICIPAL BOND FUND/47/
Class C 0.33% 0.32% 0.31%
Investor Class 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/48//49/ 0.50% 0.49% 0.48%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
----------
/45/ On November 7, 2007, the Board of Trustees approved a share class
modification and the addition of Class C to the Short-Term Bond Fund.
Effective on or about March 31, 2008, the administration fees for Class C
will be: first 5 billion of assets 0.33%; next 5 billion of assets 0.32%;
and assets over 10 billion 0.31%. Before the end of the third quarter of
2008, the Advisor Class will change to Class A.
/46/ On November 7, 2007, the Board of Trustees approved a share class
modification and the addition of Class C to the Short-Term High Yield Bond
Fund. Effective on or about March 31, 2008, the administration fees for
Class C will be: first 5 billion of assets 0.33%; next 5 billion of assets
0.32%; and assets over 10 billion 0.31%. Before the end of the third
quarter of 2008, the Advisor Class will change to Class A.
/47/ 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 and Institutional Class. Subject to shareholder
approval of the fund merger, Class A and Institutional Class will be added
before the end of the third quarter of 2008. The administration fees for
the Class A will be: first 5 billion of assets 0.33%; next 5 billion of
assets 0.32%; and assets over 10 billion 0.31%. The fees for the
Institutional Class will be: first 5 billion of assets 0.13%; next 5
billion of assets 0.12%; and assets over 10 billion 0.11%.
/48/ 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
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%.
/49/ 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.
A-13
TOTAL BREAKPOINT ADMINISTRATION FEES
------------------------------------
FUNDS/CLASSES FIRST 5B NEXT 5B OVER 10B
--------------------------------------------------------------------------------
SMALL CAP DISCIPLINED FUND/50/ 0.15% 0.14% 0.13%
Administrator Class 0.13% 0.12% 0.11%
Institutional Class 0.50% 0.49% 0.48%
Investor Class/51/
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/52//53/ 0.50% 0.49% 0.48%
Institutional Class 0.13% 0.12% 0.11%
SMALL COMPANY GROWTH FUND/54/
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
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/55/ 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%
----------
/50/ On November 7, 2007, the Board of Trustees approved the addition of Class A
and Class C to the Small Cap Disciplined Fund. Effective on or about March
31, 2008, the administration fees for Class A and C will be: first 5
billion of assets 0.33%; next 5 billion of assets 0.32%; and assets over 10
billion .31%.
/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
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%.
/52/ 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
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%.
/53/ 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.
/54/ On February 6, 2008, the Board of Trustees approved the addition of
Institutional Class to the Small Company Growth Fund, effective on or about
March 31, 2008. The administration fees for the Institutional Class will
be: first 5 billion of assets 0.13%; next 5 billion of assets 0.12%; and
assets over 10 billion 0.11%.
/55/ 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
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%.
A-14
TOTAL BREAKPOINT ADMINISTRATION FEES
------------------------------------
FUNDS/CLASSES FIRST 5B NEXT 5B OVER 10B
--------------------------------------------------------------------------------
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/56//57/ 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%
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 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 0.50% 0.49% 0.48%
TARGET 2015 FUND
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class 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 0.50% 0.49% 0.48%
----------
/56/ 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
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%.
/57/ 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.
A-15
TOTAL BREAKPOINT ADMINISTRATION FEES
------------------------------------
FUNDS/CLASSES FIRST 5B NEXT 5B OVER 10B
--------------------------------------------------------------------------------
TARGET 2025 FUND
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class 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 0.50% 0.49% 0.48%
TARGET 2035 FUND
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class 0.50% 0.49% 0.48%
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 0.50% 0.49% 0.48%
TARGET 2045 FUND
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class 0.50% 0.49% 0.48%
TARGET 2050 FUND
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
Investor Class 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/58/ 0.45% 0.44% 0.43%
Administrator Class 0.15% 0.14% 0.13%
Institutional Class 0.13% 0.12% 0.11%
TREASURY PLUS MONEY MARKET FUND/59/
Class A 0.27% 0.26% 0.25%
Institutional Class 0.13% 0.12% 0.11%
Service Class 0.17% 0.16% 0.15%
----------
/58/ 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.
/59/ On February 6, 2008, the Board of Trustees approved the addition of
Administrator Class to the Treasury Plus Money Market Fund, effective on or
about March 31, 2008. The administration fees for the Administrator Class
will be: first 5 billion of assets 0.15%; next 5 billion of assets 0.14%;
and assets over 10 billion 0.13%.
A-16
TOTAL BREAKPOINT ADMINISTRATION FEES
------------------------------------
FUNDS/CLASSES FIRST 5B NEXT 5B OVER 10B
--------------------------------------------------------------------------------
ULTRA-SHORT DURATION BOND FUND/60/
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 0.45% 0.44% 0.43%
ULTRA SHORT-TERM INCOME FUND/61/
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 0.45% 0.44% 0.43%
ULTRA SHORT-TERM MUNICIPAL INCOME FUND/62/
Advisor Class 0.33% 0.32% 0.31%
Institutional Class 0.13% 0.12% 0.11%
Investor Class 0.45% 0.44% 0.43%
U.S. 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/63/ 0.45% 0.44% 0.43%
Administrator Class 0.15% 0.14% 0.13%
VALUE FUND/64/
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 0.45% 0.44% 0.43%
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%
----------
/60/ 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.
/61/ 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
share class modification. As a result of the fund merger before the end of
the third quarter of 2008, Class C shares will be added and the Advisor
Class will change to Class A. The administration fees for Class C will be:
first 5 billion of assets 0.33%; next 5 billion of assets 0.32%; and assets
over 10 billion 0.31%.
/62/ On November 7, 2007, the Board of Trustees approved a share class
modification and the addition of Class C to the Ultra Short-Term Municipal
Income Fund. Effective on or about March 31, 2008, the administration fees
for Class C will be: first 5 billion of assets 0.33%; next 5 billion of
assets 0.32%; and assets over 10 billion 0.31%. Before the end of the third
quarter of 2008, the Advisor Class will change to Class A.
/63/ 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.
/64/ 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.
A-17
TOTAL BREAKPOINT ADMINISTRATION FEES
------------------------------------
FUNDS/CLASSES FIRST 5B NEXT 5B OVER 10B
--------------------------------------------------------------------------------
WISCONSIN TAX-FREE FUND/65/
Class C 0.33% 0.32% 0.31%
Investor Class 0.45% 0.44% 0.43%
100% TREASURY MONEY MARKET FUND
Class A 0.27% 0.26% 0.25%
Service Class 0.17% 0.16% 0.15%
Most recent annual approval by the Board of Trustees: March 30, 2007
Schedule A to Appendix A amended: February 6, 2008
----------
/65/ On November 7, 2007, the Board of Trustees approved the addition of Class A
to the Wisconsin Tax-Free Fund. Effective on or about March 31, 2008, the
administration fees for Class A will be: first 5 billion of assets 0.33%;
next 5 billion of assets 0.32%; and assets over 10 billion .31%.
A-18
The foregoing fee schedule is agreed to as of February 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
A-19
