SUB-ADVISORY AGREEMENT AMONG WELLS FARGO MASTER TRUST, WELLS FARGO FUNDS MANAGEMENT, LLC AND PHOCAS FINANCIAL CORPORATIONSub-Advisory Agreement • August 29th, 2011 • Wells Fargo Master Trust • Delaware
This AGREEMENT is made as of this 29th day of August, 2011, among Wells Fargo Master Trust (the “Trust”), a statutory trust organized under the laws of the State of Delaware with its principal place of business at 525 Market Street, 12th Floor, San Francisco, California 94105, Wells Fargo Funds Management, LLC (the “Adviser”), a limited liability company organized under the laws of the State of Delaware with its principal place of business at 525 Market Street, 12th Floor, San Francisco, California 94105, and Phocas Financial Corporation (the “Sub-Adviser”), a corporation organized under the laws of the State of California, with its principal place of business at 980 Atlantic Avenue, Suite 106, Alameda, California 94501.
