FEE AGREEMENT
APPENDIX A
XXXXX CAPITAL MANAGEMENT INCORPORATED
INVESTMENT SUB-ADVISORY AGREEMENT
XXXXX FARGO VARIABLE TRUST
Variable Trust Funds |
|
VT Discovery Fund VT Index Asset Allocation Fund VT International Equity Fund VT Omega Growth Fund VT Opportunity Fund VT Small Cap Growth Fund VT Small Cap Value Fund VT Total Return Bond Fund |
Most recent annual approval by the Board of Trustees: March 29, 2013
Appendix A amended: May 18, 2011
SCHEDULE A
XXXXX CAPITAL MANAGEMENT
INVESTMENT SUB-ADVISORY AGREEMENT
FEE AGREEMENT
XXXXX FARGO VARIABLE TRUST
This fee agreement is made as of the 1st day of May, 2003, and is amended as of the 29th day of March 2013, between Xxxxx Fargo Funds Management, LLC (the “Adviser”) and Xxxxx Capital Management Incorporated (the “Sub-Adviser”) and
WHEREAS, the parties and Xxxxx Fargo Variable 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 the following annual rates for each Fund listed in Appendix A:
|
Name of Fund |
Sub-Advisory Rate |
|
|
VT Discovery Fund |
First 100M Next 100M Over 200M |
0.45 0.40 0.35 |
|
VT Index Asset Allocation Fund |
First 100M Next 100M Over 200M |
0.15 0.125 0.10 |
|
VT International Equity Fund |
First 200M Over 200M |
0.45 0.40 |
|
VT Omega Growth Fund1 |
First 100M Next 100M Next 300M Over 500M |
0.45 0.40 0.30 0.20 |
|
VT Opportunity Fund2 |
First 100M Next 100M Over 200M |
0.45 0.40 0.30 |
|
VT Small Cap Growth Fund |
First 100M Next 100M Over 200M |
0.55 0.50 0.40 |
|
VT Small Cap Value Fund |
First 100M Next 100M Over 200M |
0.55 0.50 0.40 |
|
VT Total Return Bond Fund |
First 100M Next 200M Next 200M Over 500M |
0.20 0.175 0.15 0.10 |
The foregoing fee schedule is agreed to as of March 29, 2013 and shall remain in effect until changed in writing by the parties.
XXXXX FARGO FUNDS MANAGEMENT, LLC
By: _________________________________________
Xxxxxx Xxxx
Executive Vice President
XXXXX CAPITAL MANAGEMENT INCORPORATED
By: _________________________________________
Xxxxx Xxxxxx
Chief Operating Officer
1.On March 29, 2013, the Board of Trustees of Xxxxx Fargo Funds Trust approved a change to the sub-advisory fees for the VT Omega Growth Fund. Effective May 1, 2013, the sub-advisory fees will be as follows: 0.45% for the First $100M, 0.40% for the Next $100M, 0.35% for the Next $300M and 0.30% Over $500M.
2.On March 29, 2013, the Board of Trustees of Xxxxx Fargo Funds Trust approved a change to the sub-advisory fees for the VT Opportunity Fund. Effective May 1, 2013, the sub-advisory fees will be as follows: 0.45% for the First $100M, 0.40% for the Next $100M, 0.35% for the Next $300M and 0.30% Over $500M.
