WELLS FARGO VARIABLE TRUST WELLS CAPITAL MANAGEMENT INCORPORATED INVESTMENT SUB-ADVISORY AGREEMENT Appendix A Variable Trust Funds Asset Allocation Fund C&B Large Cap Value Fund1 (currently named the Equity Value Fund) Discovery Fund* Equity Income...
EX-99.B(d)(2)(iii)
XXXXX FARGO VARIABLE TRUST
XXXXX CAPITAL MANAGEMENT INCORPORATED
INVESTMENT SUB-ADVISORY AGREEMENT
Appendix A
Variable Trust Funds
Asset Allocation Fund
C&B Large Cap Value Fund1 (currently named the Equity Value Fund)
Discovery Fund*
Equity Income Fund
International Core Fund2 (currently named the International Equity Fund)
Large Company Core Fund3 (currently named the Growth Fund)
Money Market Fund
Multi-Cap Value Fund*
Opportunity Fund*
Small Cap Growth Fund
Total Return Bond Fund
Most Recent Annual Approval Date: April 4, 2005
Appendix A amended: February 8, 2005
| * | On August 10, 2004, the Board of Trustees approved the reorganization of certain Strong Funds into certain Funds of the Trust. In connection with this reorganization, this Fund is expected to commence operations on April 11, 2005. |
| 1 | On November 2, 2004 and February 8, 2005, the Board of Trustees approved certain Fund name changes. Effective April 11, 2005, the Equity Value Fund will be renamed the C&B Large Cap Value Fund. On November 2, 2004, the Board of Trustees approved Xxxxx & Xxxxxx, X.X. to replace Xxxxx Capital Management Incorporated as the sub-adviser to this Fund. |
| 2 | On November 2, 2004, the Board of Trustees approved certain Fund name changes. Effective April 11, 2005, the International Equity Fund will be renamed the International Core Fund. On August 10, 2004, the Board of Trustees approved New Star Institutional Managers Limited to replace Xxxxx Capital Management Incorporated as the sub-adviser to this Fund. |
| 3 | On November 2, 2004, the Board of Trustees approved certain Fund name changes. Effective April 11, 2005, the Growth Fund will be renamed the Large Company Core Fund. On November 2, 2004, the Board of Trustees approved Matrix Asset Advisers, Inc. to replace Xxxxx Capital Management Incorporated as the sub-adviser to this Fund. |
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SCHEDULE A
XXXXX FARGO VARIABLE TRUST
INVESTMENT SUB-ADVISORY AGREEMENT
FEE AGREEMENT
This fee agreement is made as of the 1st day of May, 2003, 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 Schedule 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 listed for each Fund listed in Appendix A.
| Name of Fund |
Sub-advisory Rate | |||
| Asset Allocation Fund |
0-1000M >1000M |
0.15 0.10 | ||
| C&B Large Cap Value Fund1 (currently named the Equity Value Fund) |
0-200M 200-400M >400M |
0.25 0.20 0.15 | ||
| Discovery Fund* |
0-200M >200M |
0.35 0.30 | ||
| Equity Income Fund |
0-200M 200M-400M >400M |
0.25 0.20 0.15 | ||
| * | On August 10, 2004, the Board of Trustees approved the reorganization of certain Strong Funds into certain Funds of the Trust. In connection with this reorganization, this Fund is expected to commence operations on April 11, 2005. |
| 1 | On November 2, 2004 and February 8, 2005, the Board of Trustees approved certain Fund name changes. Effective April 11, 2005, the Equity Value Fund will be renamed the C&B Large Cap Value Fund. On November 2, 2004, the Board of Trustees approved Xxxxx & Xxxxxx, X.X. to replace Xxxxx Capital Management Incorporated as the sub-adviser to this Fund. |
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| Name of Fund |
Sub-advisory Rate | |||
| International Core Fund1 (currently the International Equity Fund) |
0-200M >200M |
0.35 0.25 | ||
| Large Company Core Fund2 (currently named the Growth Fund) |
0-200M 200-400M >400M |
0.25 0.20 0.15 | ||
| Money Market Fund |
0-1000M >1000M |
0.05 0.04 | ||
| Multi-Cap Value Fund* |
0-200M >200M |
0.35 0.30 | ||
| Opportunity Fund* |
0-200M >200M |
0.35 0.30 | ||
| Small Cap Growth Fund |
0-200M >200M |
0.25 0.20 | ||
| Total Return Bond Fund |
0-400M 400-800M >800M |
0.15 0.125 0.10 | ||
The foregoing fee schedule is agreed to as of February 8, 2005 and shall remain in effect until changed in writing by the parties.
| XXXXX FARGO FUNDS MANAGEMENT, LLC | ||
| By: | /s/ Xxxxxx Xxxx | |
| Xxxxxx Xxxx | ||
| Senior Vice President
| ||
| XXXXX CAPITAL MANAGEMENT INCORPORATED | ||
| By: | /s/ Xxxxx X’Xxxxx | |
| Xxxxx X’Xxxxx | ||
| Chief Financial Officer | ||
| * | On August 10, 2004, the Board of Trustees approved the reorganization of certain Strong Funds into certain Funds of the Trust. In connection with this reorganization, this Fund is expected to commence operations on April 11, 2005. |
| 1 | On November 2, 2004, the Board of Trustees approved certain Fund name changes. Effective April 11, 2005, the International Equity Fund will be renamed the International Core Fund. On August 10, 2004, the Board of Trustees approved New Star Institutional Managers Limited to replace Xxxxx Capital Management Incorporated as the sub-adviser to this Fund. |
| 2 | On November 2, 2004, the Board of Trustees approved certain Fund name changes. Effective April 11, 2005, the Growth Fund will be renamed the Large Company Core Fund. On November 2, 2004, the Board of Trustees approved Matrix Advisers to replace Xxxxx Capital Management Incorporated as the sub-adviser to this Fund. |
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