EX-99.(d)(2)
SCHEDULE A
FEE AND EXPENSE AGREEMENT
XXXXX FARGO FUNDS TRUST
(CAPPED OPERATING EXPENSE RATIOS)
CAPPED
OPERATING
EXPENSE EXPIRATION /
FUNDS/CLASSES RATIO RENEWAL DATE
------------- --------- -----------------
Aggressive Allocation Fund
Administrator Class 1.00% January 31, 2008
Asia Pacific Fund/1/
Class A 1.60% January 31, 2008
Class C 2.35% January 31, 2008
Investor Class 1.65% January 31, 2008
Asset Allocation Fund
Class A 1.15% January 31, 2008
Class B 1.90% January 31, 2008
Class C 1.90% January 31, 2008
Administrator Class 0.90% January 31, 2008
Balanced Fund
Investor Class 1.25% January 31, 2008
California Limited-Term Tax-Free Fund
Class A 0.85% October 31, 2007
Class C 1.60% October 31, 2007
Administrator Class 0.60% October 31, 2007
California Tax-Free Fund
Class A 0.80% October 31, 2007
Class B 1.55% October 31, 2007
Class C 1.55% October 31, 2007
Administrator Class 0.55% October 31, 2007
California Tax-Free Money Market Fund
Class A 0.65% June 30, 2007
Service Class 0.45% June 30, 2007
California Tax-Free Money Market Trust 0.20% June 30, 2007
Capital Growth Fund/2/
Class A 1.25% November 30, 2007
Class C 2.00% November 30, 2007
Administrator Class 0.94% November 30, 2007
Institutional Class 0.75% November 30, 2007
Investor Class/3/ 1.42% November 30, 2007
Cash Investment Money Market Fund
Administrator Class 0.35% June 30, 2007
Service Class 0.50% June 30, 2007
Institutional Class 0.20% June 30, 2007
Select Class/4/ 0.13% June 30, 2008
--------
/1/ 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.
/2/ 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.
/3/ On March 30, 2007 the Board of Trustees were notified of a decrease to
the capped operating expense ratio for the Capital Growth Fund Investor
Class. Effective December 1, 2007, the fee will decrease from 1.42% to
1.37%.
CAPPED
OPERATING
EXPENSE EXPIRATION /
FUNDS/CLASSES RATIO RENEWAL DATE
------------- --------- ------------------
Colorado Tax-Free Fund
Class A 0.85% October 31, 2007
Class B 1.60% October 31, 2007
Administrator Class 0.60% October 31, 2007
Common Stock Fund
Class A 1.31% February 29, 2008
Class B 2.06% February 29, 2008
Class C 2.06% February 29, 2008
Class Z 1.29% February 29, 2008
Conservative Allocation Fund
Administrator Class 0.85% January 31, 2008
Corporate Bond Fund
Advisor Class 0.95% September 30, 2007
Investor Class 0.98% September 30, 2007
Institutional Class 0.61% September 30, 2007
C&B Large Cap Value Fund
Class A 1.20% January 31, 2008
Class B 1.95% January 31, 2008
Class C 1.95% January 31, 2008
Class D 1.20% January 31, 2008
Administrator Class 0.95% January 31, 2008
Institutional Class 0.70% January 31, 2008
C&B Mid Cap Value Fund
Class A 1.40% February 29, 2008
Class B 2.15% February 29, 2008
Class C 2.15% February 29, 2008
Class D 1.25% February 29, 2008
Administrator Class 1.15% February 29, 2008
Institutional Class 0.90% February 29, 2008
Discovery Fund/5/
Class A 1.33% February 29, 2008
Class C 2.08% February 29, 2008
Administrator Class 1.15% February 29, 2008
Investor Class 1.38% February 29, 2008
Institutional Class 0.95% February 29, 2008
Diversified Bond Fund
Administrator Class 0.70% September 30, 2007
Diversified Equity Fund
Class A 1.25% January 31, 2008
Class B 2.00% January 31, 2008
Class C 2.00% January 31, 2008
Administrator Class 1.00% January 31, 2008
Diversified Small Cap Fund
Administrator Class 1.20% January 31, 2008
--------
/4/ On November 8, 2006, the Board of Trustees approved the establishment of
the Select Class shares for the Cash Investment Money Market Fund, which
is expected to commence operations on or about July 1, 2007.
/5/ 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.
CAPPED
OPERATING
EXPENSE EXPIRATION /
FUNDS/CLASSES RATIO RENEWAL DATE
------------- --------- -----------------
Dividend Income Fund
Administrator Class 0.96% November 30, 2007
Investor Class 1.37% November 30, 2007
Emerging Growth Fund
Administrator Class 1.20% January 31, 2008
Investor Class 1.49% January 31, 2008
Emerging Markets Focus Fund
Class A 1.90% January 31, 2008
Class B 2.65% January 31, 2008
Class C 2.65% January 31, 2008
Administrator Class 1.60% January 31, 2008
Endeavor Large Cap Fund
Class A 1.25% November 30, 2007
Class B 2.00% November 30, 2007
Class C 2.00% November 30, 2007
Endeavor Select Fund
Class A 1.25% November 30, 2007
Class B 2.00% November 30, 2007
Class C 2.00% November 30, 2007
Administrator Class 1.00% November 30, 2007
Institutional Class 0.80% November 30, 2007
Enterprise Fund
Advisor Class 1.40% February 29, 2008
Administrator Class 1.15% February 29, 2008
Investor Class/6/ 1.57% February 29, 2008
Institutional Class 0.90% February 29, 2008
Equity Income Fund
Class A 1.10% January 31, 2008
Class B 1.85% January 31, 2008
Class C 1.85% January 31, 2008
Administrator Class 0.85% January 31, 2008
Equity Index Fund
Class A 0.62% November 30, 2007
Class B 1.37% November 30, 2007
Equity Value Fund
Class A 1.25% January 31, 2008
Class B 2.00% January 31, 2008
Class C 2.00% January 31, 2008
Administrator Class 1.00% January 31, 2008
Institutional Class 0.75% January 31, 2008
Government Money Market Fund
Class A 0.65% June 30, 2007
Service Class 0.50% June 30, 2007
Administrator Class 0.35% June 30, 2007
Institutional Class 0.20% June 30, 2007
--------
/6/ On March 30, 2007 the Board of Trustees were notified of a decrease to
the capped operating expense ratio for the Enterprise Fund Investor
Class. Effective March 1, 2008, the fee will decrease from 1.57% to 1.49%.
CAPPED
OPERATING
EXPENSE EXPIRATION /
FUNDS/CLASSES RATIO RENEWAL DATE
------------- --------- ------------------
Government Securities Fund
Class C 1.70% September 30, 2007
Administrator Class 0.70% September 30, 2007
Advisor Class 0.90% September 30, 2007
Investor Class 0.95% September 30, 2007
Institutional Class 0.48% September 30, 2007
Growth Balanced Fund
Class A 1.20% January 31, 2008
Class B 1.95% January 31, 2008
Class C 1.95% January 31, 2008
Administrator Class 0.95% January 31, 2008
Growth Equity Fund
Class A 1.50% January 31, 2008
Class B 2.25% January 31, 2008
Class C 2.25% January 31, 2008
Administrator Class 1.25% January 31, 2008
Institutional Class 1.05% January 31, 2008
Growth Fund
Class C 2.05% November 30, 2007
Advisor Class 1.30% November 30, 2007
Administrator Class 0.96% November 30, 2007
Investor Class/7/ 1.47% November 30, 2007
Institutional Class 0.80% November 30, 2007
Growth and Income Fund
Advisor Class 1.14% November 30, 2007
Administrator Class 0.96% November 30, 2007
Investor Class 1.31% November 30, 2007
Institutional Class 0.66% November 30, 2007
Heritage Money Market Fund
Administrator Class/8/ 0.38% June 30, 2007
Institutional Class/9/ 0.18% June 30, 2007
Select Class/10/ 0.13% June 30, 2008
High Income Fund
Advisor Class 0.86% September 30, 2007
Investor Class 0.86% September 30, 2007
Institutional Class/11/ 0.43% September 30, 2007
--------
/7/ On March 30, 2007 the Board of Trustees were notified of a decrease to
the capped operating expense ratio for the Growth Fund Investor Class.
Effective December 1, 2007, the fee will decrease from 1.47% to 1.42%.
/8/ On March 30, 2007 the Board of Trustees were notified of a decrease to
the capped operating expense ratio for the Heritage Money Market Fund
Administrator Class. Effective July 1, 2007, the fee will decrease from
0.38% to 0.35%.
/9/ On March 30, 2007 the Board of Trustees approved an increase to the
capped operating expense ratio for the Heritage Money Market Fund
Institutional Class. Effective July 1, 2007, the fee will increase from
0.18% to 0.20%.
/10/ On November 8, 2006, the Board of Trustees approved the establishment of
the Select Class shares for the Heritage Money Market Fund, which is
expected to commence operations on or about July 1, 2007.
/11/ On March 30, 2007 the Board of Trustees approved an increase to the
capped operating expense ratio for the High Income Fund Institutional
Class. Effective October 1, 2007, the fee will increase from 0.43% to
0.50%.
CAPPED
OPERATING
EXPENSE EXPIRATION /
FUNDS/CLASSES RATIO RENEWAL DATE
------------- --------- ------------------
High Yield Bond Fund
Class A 1.15% September 30, 2007
Class B 1.90% September 30, 2007
Class C 1.90% September 30, 2007
Income Plus Fund
Class A 1.00% September 30, 2007
Class B 1.75% September 30, 2007
Class C 1.75% September 30, 2007
Index Fund
Administrator Class 0.25% January 31, 2008
Investor Class 0.45% January 31, 2008
Inflation-Protected Bond Fund
Class A 0.85% September 30, 2007
Class B 1.60% September 30, 2007
Class C 1.60% September 30, 2007
Administrator Class 0.60% September 30, 2007
Intermediate Government Income Fund
Class A 0.95% September 30, 2007
Class B 1.70% September 30, 2007
Class C 1.70% September 30, 2007
Administrator Class 0.70% September 30, 2007
Intermediate Tax-Free Fund/12/
Class A 0.70% October 31, 2007
Class C 1.45% October 31, 2007
Investor Class 0.75% October 31, 2007
International Core Fund
Class A 1.50% January 31, 2008
Class B 2.25% January 31, 2008
Class C 2.25% January 31, 2008
Administrator Class 1.25% January 31, 2008
International Equity Fund
Class A 1.50% January 31, 2008
Class B 2.25% January 31, 2008
Class C 2.25% January 31, 2008
Administrator Class 1.25% January 31, 2008
Institutional Class 1.05% January 31, 2008
International Value Fund
Class A 1.50% January 31, 2008
Class B 2.25% January 31, 2008
Class C 2.25% January 31, 2008
Administrator Class 1.25% January 31, 2008
Institutional Class 1.05% January 31, 2008
--------
/12/ 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.
CAPPED
OPERATING
EXPENSE EXPIRATION /
FUNDS/CLASSES RATIO RENEWAL DATE
------------- --------- -----------------
Large Cap Appreciation Fund
Class A 1.25% January 31, 2008
Class B 2.00% January 31, 2008
Class C 2.00% January 31, 2008
Administrator Class 1.00% January 31, 2008
Institutional Class 0.70% January 31, 2008
Large Cap Growth Fund
Investor Class 1.19% November 30, 2007
Large Company Core Fund
Class A 1.25% November 30, 2007
Class B 2.00% November 30, 2007
Class C 2.00% November 30, 2007
Class Z/13/ 1.42% November 30, 2007
Administrator Class 0.95% November 30, 2007
Large Company Growth Fund
Class A 1.20% January 31, 2008
Class B 1.95% January 31, 2008
Class C 1.95% January 31, 2008
Class Z/14/ 1.37% January 31, 2008
Administrator Class 0.95% January 31, 2008
Institutional Class 0.75% January 31, 2008
Life Stage - Aggressive Portfolio
Investor Class 1.45% June 30, 2007
Life Stage - Conservative Portfolio
Investor Class 1.25% June 30, 2007
Life Stage - Moderate Portfolio
Investor Class 1.35% June 30, 2007
Liquidity Reserve Money Market Fund 0.76% June 30, 2007
Mid Cap Disciplined Fund/15/
Class A 1.25% February 29, 2008
Class C 2.00% February 29, 2008
Administrator Class 1.15% February 29, 2008
Institutional Class 0.90% February 29, 2008
Investor Class 1.31% February 29, 2008
Mid Cap Growth Fund
Class A 1.40% February 29, 2008
Class B 2.15% February 29, 2008
Class C 2.15% February 29, 2008
Class Z/16/ 1.57% February 29, 2008
Minnesota Money Market Fund
Class A 0.80% June 30, 2007
--------
/13/ On March 30, 2007 the Board of Trustees were notified of a decrease to
the capped operating expense ratio for the Large Company Core Fund Class
Z. Effective December 1, 2007, the fee will decrease from 1.42% to 1.37%.
/14/ On March 30, 2007 the Board of Trustees were notified of a decrease to
the capped operating expense ratio for the Large Company Growth Fund
Class Z. Effective February 1, 2008, the fee will decrease from 1.37% to
1.27%.
/15/ 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.
/16/ On March 30, 2007 the Board of Trustees were notified of a decrease to
the capped operating expense ratio for the Mid Cap Growth Fund Class Z.
Effective March 1, 2008, the fee will decrease from 1.57% to 1.49%.
CAPPED
OPERATING
EXPENSE EXPIRATION /
FUNDS/CLASSES RATIO RENEWAL DATE
------------- --------- ----------------
Minnesota Tax-Free Fund
Class A 0.85% October 31, 2007
Class B 1.60% October 31, 2007
Class C 1.60% October 31, 2007
Class Z 0.75% October 31, 2007
Administrator Class 0.60% October 31, 2007
Moderate Balanced Fund
Class A 1.15% January 31, 2008
Class B 1.90% January 31, 2008
Class C 1.90% January 31, 2008
Administrator Class 0.90% January 31, 2008
Money Market Fund
Class A 0.76% June 30, 2007
Class B 1.51% June 30, 2007
Investor Class 0.65% June 30, 2007
Money Market Trust 0.20% June 30, 2007
Municipal Bond Fund
Class A 0.85% October 31, 2007
Class B 1.60% October 31, 2007
Class C 1.60% October 31, 2007
Administrator Class/17/ 0.48% October 31, 2007
Investor Class 0.80% October 31, 2007
Municipal Money Market Fund
Investor Class 0.64% June 30, 2007
National Limited-Term Tax-Free Fund/18/
Class A 0.85% October 31, 2007
Class B 1.60% October 31, 2007
Class C 1.60% October 31, 2007
Administrator Class 0.60% October 31, 2007
National Tax-Free Fund
Class A 0.85% October 31, 2007
Class B 1.60% October 31, 2007
Class C 1.60% October 31, 2007
Administrator Class 0.60% October 31, 2007
National Tax-Free Money Market Fund
Class A 0.65% June 30, 2007
Service Class 0.45% June 30, 2007
Institutional Class 0.20% June 30, 2007
Administrator Class 0.30% June 30, 2007
National Tax-Free Money Market Trust 0.20% June 30, 2007
Nebraska Tax-Free Fund
Administrator Class 0.75% October 31, 2007
--------
/17/ On March 30, 2007 the Board of Trustees approved an increase to the
capped operating expense ratio for the Municipal Bond Fund Administrator
Class. Effective November 1, 2007, the fee will increase from 0.48% to
0.60%.
/18/ On March 30, 2007 the Board of Trustees were notified of a decrease to
the capped operating expense ratios for the National Limited-Term
Tax-Free Fund Class A, B and C. Effective November 1, 2007, the fees will
decrease as follows: Class A from 0.85% to 0.80% and Class B and C from
1.60% to 1.55%.
CAPPED
OPERATING
EXPENSE EXPIRATION /
FUNDS/CLASSES RATIO RENEWAL DATE
------------- --------- ------------------
Opportunity Fund
Advisor Class 1.29% February 29, 2008
Administrator Class 1.04% February 29, 2008
Investor Class 1.35% February 29, 2008
Overland Express Sweep Fund 1.08% June 30, 2007
Overseas Fund
Institutional Class 0.95% January 31, 2008
Investor Class 1.46% January 31, 2008
Prime Investment Money Market Fund
Service Class 0.55% June 30, 2007
Institutional Class 0.20% June 30, 2007
Short Duration Government Bond Fund
Class A 0.85% September 30, 2007
Class B 1.60% September 30, 2007
Class C 1.60% September 30, 2007
Administrator Class 0.60% September 30, 2007
Institutional Class 0.42% September 30, 2007
Short-Term Bond Fund/19/
Advisor Class 0.85% September 30, 2007
Investor Class 0.90% September 30, 2007
Institutional Class 0.48% September 30, 2007
Short-Term High Yield Bond Fund
Advisor Class 0.86% September 30, 2007
Investor Class 0.86% September 30, 2007
Short-Term Municipal Bond Fund
Class C 1.55% October 31, 2007
Investor Class 0.66% October 31, 2007
Small Cap Growth Fund
Class A 1.40% February 29, 2008
Class B 2.15% February 29, 2008
Class C 2.15% February 29, 2008
Class Z/20/ 1.57% February 29, 2008
Administrator Class 1.20% February 29, 2008
Institutional Class 0.90% February 29, 2008
Small Cap Disciplined Fund
Administrator Class 1.20% February 29, 2008
Institutional Class 1.00% February 29, 2008
Investor Class 1.49% February 29, 2008
Small Cap Opportunities Fund
Administrator Class 1.20% February 29, 2008
--------
/19/ On March 30, 2007 the Board of Trustees were notified of a decrease to
the capped operating expense ratios for the Short-Term Bond Fund Advisor
Class and Investor Class. Effective October 1, 2007, the fees will
decrease as follows: Advisor Class from 0.85% to 0.80% and Investor Class
from 0.90% to 0.85%.
/20/ On March 30, 2007 the Board of Trustees were notified of a decrease to
the capped operating expense ratio for the Small Cap Growth Fund Class Z.
Effective March 1, 2008, the fee will decrease from 1.57% to 1.49%.
CAPPED
OPERATING
EXPENSE EXPIRATION /
FUNDS/CLASSES RATIO RENEWAL DATE
------------- --------- ------------------
Small Cap Value Fund
Class A 1.44% February 29, 2008
Class B 2.19% February 29, 2008
Class C 2.19% February 29, 2008
Class Z 1.36% February 29, 2008
Institutional Class/21/ 0.95% February 29, 2008
Small Company Growth Fund
Class A 1.45% January 31, 2008
Class B 2.20% January 31, 2008
Class C 2.20% January 31, 2008
Administrator Class 1.20% January 31, 2008
Small Company Value Fund
Class A 1.45% January 31, 2008
Class B 2.20% January 31, 2008
Class C 2.20% January 31, 2008
Administrator Class 1.20% January 31, 2008
Small/Mid Cap Value Fund/22/
Class A 1.40% February 29, 2008
Class C 2.15% February 29, 2008
Administrator Class 1.15% February 29, 2008
Investor Class 1.49% February 29, 2008
Institutional Class 0.95% February 29, 2008
Specialized Financial Services Fund
Class A 1.35% February 29, 2008
Class B 2.10% February 29, 2008
Class C 2.10% February 29, 2008
Specialized Health Sciences Fund
Class A 1.65% February 29, 2008
Class B 2.40% February 29, 2008
Class C 2.40% February 29, 2008
Specialized Technology Fund
Class A 1.75% February 29, 2008
Class B 2.50% February 29, 2008
Class C 2.50% February 29, 2008
Class Z/23/ 1.90% February 29, 2008
Stable Income Fund
Class A 0.85% September 30, 2007
Class B 1.60% September 30, 2007
Class C 1.60% September 30, 2007
Administrator Class 0.65% September 30, 2007
Strategic Income Fund
Class A 1.10% September 30, 2007
Class B 1.85% September 30, 2007
Class C 1.85% September 30, 2007
--------
/21/ On May 9, 2007 the Board of Trustees approved the establishment of
Institutional Class shares for the Small Cap Value Fund, which is
expected to commence operations on or about July 31, 2007.
/22/ 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.
/23/ On March 30, 2007 the Board of Trustees were notified of a decrease to
the capped operating expense ratio for the Specialized Technology Fund
Class Z. Effective March 1, 2008, the fee will decrease from 1.90% to
1.87%.
CAPPED
OPERATING
EXPENSE EXPIRATION /
FUNDS/CLASSES RATIO RENEWAL DATE
------------- --------- ----------------
Strategic Small Cap Value Fund
Class A 1.45% January 31, 2008
Class C 2.20% January 31, 2008
Administrator Class 1.20% January 31, 2008
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/24/
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/24/
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/24/
Investor 0.98% June 30, 2008
Institutional 0.69% June 30, 2008
Administrator 0.92% June 30, 2008
--------
/24/ 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.
CAPPED
OPERATING
EXPENSE EXPIRATION /
FUNDS/CLASSES 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/24, 25/
Investor 0.99% June 30, 2008
Institutional 0.70% June 30, 2008
Administrator 0.93% June 30, 2008
Target 2050 Fund/26, 27/
Investor Class 0.99% June 30, 2008
Institutional Class 0.70% June 30, 2008
Administrator Class 0.93% June 30, 2008
Total Return Bond Fund
Class A 0.90% September 30, 2007
Class B 1.65% September 30, 2007
Class C 1.65% September 30, 2007
Administrator Class 0.70% September 30, 2007
Institutional Class 0.42% September 30, 2007
Class Z 0.95% September 30, 2007
Treasury Plus Money Market Fund
Class A 0.65% June 30, 2007
Service Class 0.50% June 30, 2007
Institutional Class 0.20% June 30, 2007
Ultra-Short Duration Bond Fund/28/
Class A 0.80% September 30, 2007
Class B 1.55% September 30, 2007
Class C 1.55% September 30, 2007
Class Z 0.84% September 30, 2007
--------
/24/ 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.
/25/ On March 30, 2007 the Board of Trustees were notified of a decrease to
the capped operating expense ratios for the Target 2045 Fund
Administrator Class, Institutional Class and Investor Class. Effective
July 1, 2007, the fees will decrease as follows: Administrator Class
0.93% to 0.92%; Institutional Class 0.70% to 0.69%; and Investor Class
0.99% to 0.98%.
/26/ 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.
/27/ On March 30, 2007 the Board of Trustees were notified of a decrease to
the capped operating expense ratios for the Target 2050 Fund
Administrator Class, Institutional Class and Investor Class. Effective
July 1, 2007, the fees will decrease as follows: Administrator Class
0.93% to 0.92%; Institutional Class 0.70% to 0.69%; and Investor Class
0.99% to 0.98%.
/28/ On March 30, 2007 the Board of Trustees were notified of a decrease to
the capped operating expense ratios for the Ultra-Short Duration Bond
Fund Class A, B, C and Z. Effective October 1, 2007, the fees will
decrease as follows: Class A 0.80% to 0.75%; Class B and C 1.55% to
1.50%; and Class Z 0.84% to 0.79%.
CAPPED
OPERATING
EXPENSE EXPIRATION /
FUNDS/CLASSES RATIO RENEWAL DATE
------------- --------- ------------------
Ultra Short-Term Income Fund/29/
Administrator Class 0.60% September 30, 2007
Advisor Class 0.80% September 30, 2007
Investor Class 0.84% September 30, 2007
Institutional Class 0.35% September 30, 2007
Ultra Short-Term Municipal Income Fund
Advisor Class 0.72% October 31, 2007
Investor Class 0.72% October 31, 2007
Institutional Class 0.37% October 31, 2007
U.S. Value Fund
Class A 1.25% November 30, 2007
Class B 2.00% November 30, 2007
Class C 2.00% November 30, 2007
Class Z 1.32% November 30, 2007
Administrator Class 0.96% November 30, 2007
Value Fund
Class A 1.20% November 30, 2007
Class B 1.95% November 30, 2007
Class C 1.95% November 30, 2007
Investor Class 1.20% November 30, 2007
Administrator Class 0.95% November 30, 2007
WealthBuilder Conservative Allocation Portfolio 1.50% September 30, 2007
WealthBuilder Equity Portfolio 1.50% September 30, 2007
WealthBuilder Growth Allocation Portfolio 1.50% September 30, 2007
WealthBuilder Growth Balanced Portfolio 1.50% September 30, 2007
WealthBuilder Moderate Balanced Portfolio 1.50% September 30, 2007
WealthBuilder Tactical Equity Portfolio 1.50% September 30, 2007
Wisconsin Tax-Free Fund
Class C 1.49% October 31, 2007
Investor Class 0.75% October 31, 2007
100% Treasury Money Market Fund
Class A 0.65% June 30, 2007
Service Class 0.50% June 30, 2007
Schedule A amended: May 9, 2007
--------
/29/ On March 30, 2007 the Board of Trustees were notified of a decrease to
the capped operating expense ratios for the Ultra Short-Term Income Fund
Administrator Class, Advisor Class and Investor Class. Effective
October 1, 2007, the fees will decrease as follows: Administrator Class
0.60% to 0.55%; Advisor Class 0.80% to 0.70%; and Investor Class 0.84% to
0.75%.
The foregoing schedule of capped operating expense ratios 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
