SCHEDULE A FEE AND EXPENSE AGREEMENT WELLS FARGO FUNDS TRUST (CAPPED OPERATING EXPENSE RATIOS)
As of December 1, 2005
EX-99.B(d)(1)(ii)
SCHEDULE A
▇▇▇▇▇ FARGO FUNDS TRUST
(CAPPED OPERATING EXPENSE RATIOS)
| FUNDS/CLASSES |
CAPPED OPERATING EXPENSE RATIO |
EXPIRATION/ RENEWAL DATE | |||
| Aggressive Allocation Administrator Class |
1.00 | % | January 31, 2006 | ||
| Asia Pacific Investor Class |
1.65 | % | April 30, 2007 | ||
| Asset Allocation Class A Class B Class C Administrator Class |
1.15 1.90 1.90 0.90 |
% % % % |
January 31, 2006 January 31, 2006 January 31, 2006 January 31, 2006 | ||
| Balanced Investor Class |
1.25 | % | April 30, 2007 | ||
| California Limited-Term Tax-Free Class A Class C Administrator Class |
0.85 1.60 0.60 |
% % % |
October 31, 2006 October 31, 2006 October 31, 2006 | ||
| California Tax-Free Class A Class B Class C Administrator Class |
0.80 1.55 1.55 0.55 |
% % % % |
October 31, 2006 October 31, 2006 October 31, 2006 October 31, 2006 | ||
| California Tax-Free Money Market Class A Service Class |
0.65 0.45 |
% % |
June 30, 2006 June 30, 2006 | ||
| California Tax-Free Money Market Trust |
0.20 | % | June 30, 2006 | ||
| Capital Growth Administrator Class Institutional Class Investor Class |
0.94 0.80 1.42 |
% % % |
April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Cash Investment Money Market Administrator Class Service Class Institutional Class |
0.35 0.50 0.20 |
% % % |
June 30, 2006 June 30, 2006 June 30, 2006 | ||
| Common Stock Class A Class B Class C Class Z |
1.31 2.06 2.06 1.29 |
% % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| FUNDS/CLASSES |
CAPPED OPERATING EXPENSE RATIO |
EXPIRATION/ RENEWAL DATE | |||
| Corporate Bond Advisor Class Investor Class Institutional Class |
1.00 1.03 0.61 |
% % % |
April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Colorado Tax-Free Class A Class B Administrator Class |
0.85 1.60 0.60 |
% % % |
October 31, 2006 October 31, 2006 October 31, 2006 | ||
| C&B Large Cap Value Class A Class B Class C Class D Administrator Class Institutional Class |
1.20 1.95 1.95 1.20 0.95 0.70 |
% % % % % % |
February 28, 2007 February 28, 2007 February 28, 2007 February 28, 2007 February 28, 2007 February 28, 2007 | ||
| C&B Mid Cap Value Class A Class B Class C Class D Administrator Class Institutional Class |
1.40 2.15 2.15 1.25 1.15 0.90 |
% % % % % % |
February 28, 2007 February 28, 2007 February 28, 2007 February 28, 2007 February 28, 2007 February 28, 2007 | ||
| Conservative Allocation Administrator Class |
0.85 | % | January 31, 2006 | ||
| Discovery Administrator Class Investor Class |
1.15 1.38 |
% % |
April 30, 2007 April 30, 2007 | ||
| Diversified Bond Administrator Class |
0.70 | % | September 30, 2006 | ||
| Diversified Equity Class A Class B Class C Administrator Class |
1.25 2.00 2.00 1.00 |
% % % % |
January 31, 2006 January 31, 2006 January 31, 2006 January 31, 2006 | ||
| Diversified Small Cap Administrator Class |
1.20 | % | January 31, 2006 | ||
| Dividend Income Administrator Class Investor Class |
0.96 1.37 |
% % |
April 30, 2007 April 30, 2007 | ||
| Emerging Markets Focus Class A Class B Class C Administrator Class |
1.90 2.65 2.65 1.60 |
% % % % |
January 31, 2006 January 31, 2006 January 31, 2006 January 31, 2006 | ||
A-2
| FUNDS/CLASSES |
CAPPED OPERATING EXPENSE RATIO |
EXPIRATION/ RENEWAL DATE | |||
| Endeavor Large Cap Class A Class B Class C |
1.25 2.00 2.00 |
% % % |
April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Endeavor Select Class A Class B Class C Administrator Class Institutional Class |
1.25 2.00 2.00 1.00 0.80 |
% % % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Enterprise Advisor Class Administrator Class Investor Class Institutional Class |
1.40 1.15 1.57 0.90 |
% % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Equity Income Class A Class B Class C Administrator Class |
1.10 1.85 1.85 0.85 |
% % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Equity Index Class A Class B |
0.62 1.37 |
% % |
January 31, 2006 January 31, 2006 | ||
| Equity Value Class A Class B Class C Administrator Class |
1.25 2.00 2.00 1.00 |
% % % % |
January 31, 2006 January 31, 2006 January 31, 2006 January 31, 2006 | ||
| Government Money Market Class A Service Class Administrator Class Institutional Class |
0.50 0.65 0.35 0.20 |
% % % % |
June 30, 2006 June 30, 2006 June 30, 2006 June 30, 2006 | ||
| Government Securities Class C Administrator Class Advisor Class Investor Class Institutional Class |
1.70 0.70 0.95 1.00 0.48 |
% % % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Growth Balanced Class A Class B Class C Administrator Class |
1.20 1.95 1.95 0.95 |
% % % % |
January 31, 2006 January 31, 2006 January 31, 2006 January 31, 2006 | ||
A-3
| FUNDS/CLASSES |
CAPPED OPERATING EXPENSE RATIO |
EXPIRATION/ RENEWAL DATE | |||
| Growth Equity Class A Class B Class C Administrator Class Institutional Class |
1.50 2.25 2.25 1.25 1.05 |
% % % % % |
January 31, 2006 January 31, 2006 January 31, 2006 January 31, 2006 April 30, 2007 | ||
| Growth Class C Advisor Class Administrator Class Investor Class Institutional Class |
2.05 1.30 0.96 1.47 0.85 |
% % % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Growth and Income Advisor Class Administrator Class Investor Class Institutional Class |
1.14 0.96 1.31 0.66 |
% % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Heritage Money Market Administrator Class Institutional Class |
0.38 0.18 |
% % |
April 30, 2007 April 30, 2007 | ||
| High Income Advisor Class Investor Class Institutional Class |
0.86 0.86 0.43 |
% % % |
April 30, 2007 April 30, 2007 April 30, 2007 | ||
| High Yield Bond Class A Class B Class C |
1.15 1.90 1.90 |
% % % |
September 30, 2006 September 30, 2006 September 30, 2006 | ||
| Income Plus Class A Class B Class C |
1.00 1.75 1.75 |
% % % |
September 30, 2006 September 30, 2006 September 30, 2006 | ||
| Index Administrator Class Investor Class |
0.25 0.45 |
% % |
January 31, 2006 April 30, 2007 | ||
| Inflation-Protected Bond Class A Class B Class C Administrator Class |
0.85 1.60 1.60 0.60 |
% % % % |
September 30, 2006 September 30, 2006 September 30, 2006 September 30, 2006 | ||
| Institutional Emerging Markets Institutional Class |
1.25 | % | January 31, 2006 | ||
A-4
| FUNDS/CLASSES |
CAPPED OPERATING EXPENSE RATIO |
EXPIRATION/ RENEWAL DATE | |||
| Intermediate Government Income Class A Class B Class C Administrator Class |
0.95 1.70 1.70 0.70 |
% % % % |
September 30, 2006 September 30, 2006 September 30, 2006 September 30, 2006 | ||
| Intermediate Tax-Free Investor Class |
0.75 | % | April 30, 2007 | ||
| International Core Class A Class B Class C Administrator Class |
1.50 2.25 2.25 1.25 |
% % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| International Equity Class A Class B Class C Administrator Class |
1.50 2.25 2.25 1.25 |
% % % % |
January 31, 2006 January 31, 2006 January 31, 2006 January 31, 2006 | ||
| International Value Class A Class B Class C Administrator Class |
1.50 2.25 2.25 1.25 |
% % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Large Cap Appreciation Class A Class B Class C Administrator Class |
1.25 2.00 2.00 1.00 |
% % % % |
January 31, 2006 January 31, 2006 January 31, 2006 January 31, 2006 | ||
| Large Cap Growth Investor Class |
1.19 | % | April 30, 2007 | ||
| Large Company Core Class A Class B Class C Class Z Administrator Class |
1.25 2.00 2.00 1.42 0.95 |
% % % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Large Company Growth Class A Class B Class C Class Z Administrator Class Institutional Class |
1.20 1.95 1.95 1.37 0.95 0.75 |
% % % % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Life Stage - Aggressive Portfolio Investor Class |
1.45 | % | April 30, 2007 | ||
A-5
| FUNDS/CLASSES |
CAPPED OPERATING EXPENSE RATIO |
EXPIRATION/ RENEWAL DATE | |||
| Life Stage - Conservative Portfolio Investor Class |
1.25 | % | April 30, 2007 | ||
| Life Stage - Moderate Portfolio Investor Class |
1.35 | % | April 30, 2007 | ||
| Liquidity Reserve Money Market |
0.76 | % | June 30, 2006 | ||
| Mid Cap Disciplined Administrator Class Institutional Class Investor Class |
1.15 0.90 1.31 |
% % % |
April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Mid Cap Growth Class A Class B Class C Class Z |
1.40 2.15 2.15 1.57 |
% % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Minnesota Money Market Class A |
0.80 | % | June 30, 2006 | ||
| Minnesota Tax-Free Class A Class B Class C Class Z Administrator Class |
0.85 1.60 1.60 0.75 0.60 |
% % % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Moderate Balanced Class A Class B Class C Administrator Class |
1.15 1.90 1.90 0.90 |
% % % % |
January 31, 2006 January 31, 2006 January 31, 2006 January 31, 2006 | ||
| Money Market Class A Class B Investor Class |
0.76 1.51 0.65 |
% % % |
June 30, 2006 June 30, 2006 April 30, 2007 | ||
| Money Market Trust |
0.20 | % | June 30, 2006 | ||
| Municipal Bond Class A Class B Class C Administrator Class Investor Class |
0.85 1.60 1.60 0.48 0.80 |
% % % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Municipal Money Market Investor Class |
0.64 | % | April 30, 2007 | ||
| National Limited-Term Tax-Free Class A Class B Class C Administrator Class |
0.85 1.60 1.60 0.60 |
% % % % |
October 31, 2006 October 31, 2006 October 31, 2006 October 31, 2006 | ||
A-6
| FUNDS/CLASSES |
CAPPED OPERATING EXPENSE RATIO |
EXPIRATION/ RENEWAL DATE | |||
| National Tax-Free Class A Class B Class C Administrator Class |
0.85 1.60 1.60 0.60 |
% % % % |
October 31, 2006 October 31, 2006 October 31, 2006 October 31, 2006 | ||
| National Tax-Free Money Market Class A Service Class Institutional Class Administrator Class |
0.65 0.45 0.20 0.30 |
% % % % |
June 30, 2006 June 30, 2006 June 30, 2006 April 30, 2007 | ||
| National Tax-Free Money Market Trust |
0.20 | % | June 30, 2006 | ||
| Nebraska Tax-Free Administrator Class |
0.75 | % | October 31, 2006 | ||
| Opportunity Advisor Class Administrator Class Investor Class |
1.29 1.04 1.35 |
% % % |
April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Outlook Today* Class A Class B Class C Administrator Class Institutional Class |
1.25 2.00 2.00 0.95 0.75 |
% % % % % |
June 30, 2006 June 30, 2006 June 30, 2006 June 30, 2006 June 30, 2006 | ||
| Outlook 2010* Class A Class B Class C Administrator Class Institutional Class |
1.25 2.00 2.00 0.95 0.75 |
% % % % % |
June 30, 2006 June 30, 2006 June 30, 2006 June 30, 2006 June 30, 2006 | ||
| Outlook 2020* Class A Class B Class C Administrator Class Institutional Class |
1.25 2.00 2.00 0.95 0.75 |
% % % % % |
June 30, 2006 June 30, 2006 June 30, 2006 June 30, 2006 June 30, 2006 | ||
| * | On August 17, 2005, the Board of Trustees approved a decrease in the capped operating expense ratios for each of the Outlook Funds effective at the time each Outlook Fund begins to invest directly in foreign securities through June 30, 2006. The decrease shall be as follows: Outlook Today Fund reduced by 5 basis points (0.05%) for each class, Outlook 2010 Fund reduced by 4 basis points (0.04%) for each class, Outlook 2020 Fund reduced by 3 basis points (0.03%) for each class, Outlook 2030 Fund reduced by 2 basis points (0.02%) for each class, and Outlook 2040 Fund reduced by 1 basis point (0.01%) for each class. |
A-7
| FUNDS/CLASSES |
CAPPED OPERATING EXPENSE RATIO |
EXPIRATION/ RENEWAL DATE | |||
| Outlook 2030* Class A Class B Class C Administrator Class Institutional Class |
1.25 2.00 2.00 0.95 0.75 |
% % % % % |
June 30, 2006 June 30, 2006 June 30, 2006 June 30, 2006 June 30, 2006 | ||
| Outlook 2040* Class A Class B Class C Administrator Class Institutional Class |
1.25 2.00 2.00 0.95 0.75 |
% % % % % |
June 30, 2006 June 30, 2006 June 30, 2006 June 30, 2006 June 30, 2006 | ||
| Overland Express Sweep |
1.08 | % | June 30, 2006 | ||
| Overseas Institutional Class Investor Class |
0.95 1.46 |
% % |
April 30, 2007 April 30, 2007 | ||
| Prime Investment Money Market Service Class Institutional Class |
0.55 0.20 |
% % |
June 30, 2006 June 30, 2006 | ||
| Short Duration Government Bond Class A Class B Class C Administrator Class Institutional Class |
0.85 1.60 1.60 0.60 0.42 |
% % % % % |
September 30, 2006 September 30, 2006 September 30, 2006 September 30, 2006 April 30, 2007 | ||
| Short-Term Bond Advisor Class Investor Class Institutional Class |
0.85 0.90 0.48 |
% % % |
April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Short-Term High Yield Bond Advisor Class Investor Class |
0.86 0.86 |
% % |
April 30, 2007 April 30, 2007 | ||
| Short-Term Municipal Bond Class C Investor Class |
1.55 0.66 |
% % |
April 30, 2007 April 30, 2007 | ||
| * | On August 17, 2005, the Board of Trustees approved a decrease in the capped operating expense ratios for each of the Outlook Funds effective at the time each Outlook Fund begins to invest directly in foreign securities through June 30, 2006. The decrease shall be as follows: Outlook Today Fund reduced by 5 basis points (0.05%) for each class, Outlook 2010 Fund reduced by 4 basis points (0.04%) for each class, Outlook 2020 Fund reduced by 3 basis points (0.03%) for each class, Outlook 2030 Fund reduced by 2 basis points (0.02%) for each class, and Outlook 2040 Fund reduced by 1 basis point (0.01%) for each class. |
A-8
| FUNDS/CLASSES |
CAPPED OPERATING EXPENSE RATIO |
EXPIRATION/ RENEWAL DATE | |||
| Small Cap Growth Class A Class B Class C Class Z Administrator Class Institutional Class |
1.40 2.15 2.15 1.57 1.20 0.90 |
% % % % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Small Cap Disciplined Administrator Class Institutional Class Investor Class |
1.20 1.00 1.61 |
% % % |
April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Small Cap Opportunities Administrator Class |
1.20 | % | January 31, 2006 | ||
| Small Cap Value Class A Class B Class C Class Z |
1.44 2.19 2.19 1.36 |
% % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Small Company Growth Class A Class B Class C Administrator Class |
1.45 2.20 2.20 1.20 |
% % % % |
January 31, 2006 January 31, 2006 January 31, 2006 January 31, 2006 | ||
| Small Company Value Class A Class B Class C Administrator Class |
1.45 2.20 2.20 1.20 |
% % % % |
January 31, 2006 January 31, 2006 January 31, 2006 January 31, 2006 | ||
| Small/Mid Cap Value** Administrator Class Investor Class |
1.20 1.62 |
% % |
April 30, 2007 April 30, 2007 | ||
| Specialized Financial Services Class A Class B Class C |
1.35 2.10 2.10 |
% % % |
January 31, 2006 January 31, 2006 January 31, 2006 | ||
| Specialized Health Sciences Class A Class B Class C |
1.65 2.40 2.40 |
% % % |
January 31, 2006 January 31, 2006 January 31, 2006 | ||
| ** | On April 4, 2005, Funds Management notified the Board of Trustees that the capped operating expense ratios of the Administrator Class and Investor Class would be reduced from 1.20% to 1.15% and 1.62% to 1.57% respectively, effective February 1, 2006. |
A-9
| FUNDS/CLASSES |
CAPPED OPERATING EXPENSE RATIO |
EXPIRATION/ RENEWAL DATE | |||
| Specialized Technology Class A Class B Class C Class Z |
1.75 2.50 2.50 1.90 |
% % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Stable Income Class A Class B Class C Administrator Class |
0.85 1.60 1.60 0.65 |
% % % % |
September 30, 2006 September 30, 2006 September 30, 2006 September 30, 2006 | ||
| Strategic Income Class A Class B Class C |
1.10 1.85 1.85 |
% % % |
April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Total Return Bond Class A Class B Class C Administrator Class Institutional Class Class Z |
0.90 1.65 1.65 0.70 0.42 0.95 |
% % % % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Treasury Plus Money Market Class A Service Class Institutional Class |
0.65 0.50 0.20 |
% % % |
June 30, 2006 June 30, 2006 June 30, 2006 | ||
| Ultra-Short Duration Bond Class A Class B Class C Class Z |
0.80 1.55 1.55 0.84 |
% % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Ultra Short-Term Income Administrator Class Advisor Class Investor Class Institutional Class |
0.60 0.80 0.84 0.35 |
% % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
| Ultra Short-Term Municipal Income Advisor Class Investor Class Institutional Class |
0.72 0.72 0.37 |
% % % |
April 30, 2007 April 30, 2007 April 30, 2007 | ||
| U.S. Value Class A Class B Class C Class Z Administrator Class |
1.25 2.00 2.00 1.32 0.96 |
% % % % % |
April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 April 30, 2007 | ||
A-10
| FUNDS/CLASSES |
Capped Operating Expense Ratio |
Expiration/ Renewal Date | ||
| Value Class A Class B Class C Investor Class Administrator Class |
1.20% 1.95% 1.95% 1.20% 0.95% |
February 28, 2007 February 28, 2007 February 28, 2007 February 28, 2007 February 28, 2007 | ||
| WealthBuilder Conservative Allocation |
1.50% | September 30, 2006 | ||
| WealthBuilder Equity |
1.50% | September 30, 2006 | ||
| WealthBuilder Growth Allocation |
1.50% | September 30, 2006 | ||
| WealthBuilder Growth Balanced |
1.50% | September 30, 2006 | ||
| WealthBuilder Moderate Balanced |
1.50% | September 30, 2006 | ||
| WealthBuilder Tactical Equity |
1.50% | September 30, 2006 | ||
| Wisconsin Tax-Free Class C Investor Class |
1.49% 0.75% |
April 30, 2007 April 30, 2007 | ||
| 100% Treasury Money Market Class A Service Class |
0.65% 0.50% |
June 30, 2006 June 30, 2006 | ||
Most recent annual approval by the Board of Trustees: April 4, 2005
Schedule A amended: December 1, 2005
A-11
The foregoing schedule of capped operating expense ratios is agreed to as of December 1, 2005 and shall remain in effect until changed in writing by the parties.
| ▇▇▇▇▇ FARGO FUNDS TRUST | ||
| By: |
/s/ ▇. ▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| ▇. ▇▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Secretary | ||
| ▇▇▇▇▇ FARGO FUNDS MANAGEMENT, LLC | ||
| By: |
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | |
| ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | ||
| Senior Vice President | ||
A-12