SYSTEMATIC INVESTMENT SUB-ADVISORY AGREEMENT WELLS FARGO FUNDS TRUST APPENDIX A
EX-99.B(d)(2)(xi)
SYSTEMATIC INVESTMENT SUB-ADVISORY AGREEMENT
XXXXX FARGO FUNDS TRUST
APPENDIX A
| Funds Trust Funds
|
| Equity Value Fund1 (currently named the Large Cap Value Fund) |
Most Recent Annual Approval Date: April 4, 2005
Appendix A amended: November 2, 2004
| 1 | On November 2, 2004, the Board of Trustees approved certain Fund name changes. Effective April 11, 2005, the Large Cap Value Fund will be renamed the Equity Value Fund. |
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APPENDIX B
XXXXX FARGO FUNDS TRUST
INVESTMENT SUB-ADVISORY AGREEMENT
This fee agreement is made as of the 29th day of August, 2003, by and between Xxxxx Fargo Funds Trust (the “Trust”), Xxxxx Fargo Funds Management, LLC (the “Adviser”) and Systematic Financial Management, L.P. (the “Sub-Adviser”).
WHEREAS, the parties have entered into an Investment Sub-Advisory Agreement (“Sub-Advisory Agreement”) whereby the Sub-Adviser provides management and other services to each series of the Trust listed in Appendix A to the Sub-Advisory Agreement (each a “Fund” and collectively the “Funds”); and
WHEREAS, the Sub-Advisory Agreement provides that the fees to be paid to the Sub-Adviser are to be as indicated on Appendix B;
NOW THEREFORE, the parties agree that the fees to be paid to the Sub-Adviser under the Sub-Advisory Agreement shall be calculated and paid on a monthly basis by applying the annual rates indicated below to each Fund’s average daily net assets throughout the month:
| Name of Fund |
Breakpoints |
Sub-Advisory Rate |
|||
| Equity Value Fund1 (currently named the Large |
$0-150 million $150-350 million $350-750 million $750 million-1billion >$1 billion |
0.30 0.20 0.15 0.13 0.10 |
% % % % % |
provided, that no fee shall be payable hereunder with respect to a Fund during any period in which the Fund invests all (or substantially all) of its investment assets in shares of a registered, open-end, management investment company, or separate series thereof, in accordance with and reliance upon Section 12(d)(1)(E) under the 1940 Act (“Dormant Provision”).
If the Sub-Adviser shall provide management and other services for less than the whole of a month, or if the Sub-Adviser shall become entitled to receive fees by reason of a Fund not investing in accordance with the Dormant Provision for less than the whole of a month, the foregoing compensation shall be prorated based on the number of days in the month that such Sub-Adviser provided such services to the Fund or was entitled to fees.
| 1 | On November 2, 2004, the Board of Trustees approved certain Fund name changes. Effective April 11, 2005, the Large Cap Value Fund will be renamed the Equity Value Fund. |
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The foregoing fee schedule is agreed to as of November 2, 2004 and shall remain in effect until changed in writing by the parties.
| XXXXX FARGO FUNDS TRUST on behalf of the Funds | ||
| By: | /s/ X. Xxxxx Xxxxxxx | |
| X. Xxxxx Xxxxxxx | ||
| Secretary | ||
| XXXXX FARGO FUNDS MANAGEMENT, LLC | ||
| By: | /s/ Xxxxxx Xxxx | |
| Xxxxxx Xxxx | ||
| Senior Vice President | ||
| SYSTEMATIC FINANCIAL MANAGEMENT, L.P. | ||
| By: | /s/ Xxxxx XxXxx | |
| Xxxxx XxXxx | ||
| Chief Operating Officer | ||
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