EX-99.(d)(2)(xiii)
APPENDIX B
SSgA FUNDS MANAGEMENT, INC.
▇▇▇▇▇ FARGO MASTER TRUST
INVESTMENT SUB-ADVISORY AGREEMENT
FEE AGREEMENT
This fee agreement is made as of the 27th day of May, 2005, by and between
▇▇▇▇▇ Fargo Master Trust (the "Trust"), ▇▇▇▇▇ Fargo Funds Management, LLC (the
"Adviser") and SSgA Funds Management, Inc. (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 this 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 the Fund's average
daily net assets throughout the month:
Name of Fund Breakpoints Sub-Advisory Rate
------------ ----------- -----------------
Diversified Fixed Income Portfolio/1/ First 1B 0.10%
Over 1B 0.08%
Diversified Stock Portfolio/1/ First 1B 0.10%
Over 1B 0.08%
International Index Portfolio First 100M 0.08%
Over 100M 0.06%
If the Sub-Adviser shall provide management and other services 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 management and
other services to the Funds.
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/1/ On August 12, 2009, the Board of Trustees approved a sub-advisory fee
change to the Diversified Fixed Income Portfolio and the Diversified Stock
Portfolio. Effective October 1, 2009 the sub-advisory fees will be: First
$1B 0.10%; Next $1B 0.08%; Next $3B 0.07%; Over $5B 0.05%.
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EX-99.(d)(2)(xiii)
The foregoing fee schedule is agreed to as of August 12, 2009 and shall
remain in effect until changed in writing by the parties.
▇▇▇▇▇ FARGO MASTER TRUST
on behalf of the Funds
By:
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C. ▇▇▇▇▇ ▇▇▇▇▇▇▇
Secretary
▇▇▇▇▇ FARGO FUNDS MANAGEMENT, LLC
By:
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▇▇▇▇▇▇ ▇▇▇▇
Executive Vice President
SSgA FUNDS MANAGEMENT, INC.
By:
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