APPENDIX A
APPENDIX A
GOLDEN CAPITAL MANAGEMENT, LLC
XXXXX FARGO MASTER TRUST
Xxxxx Fargo Diversified Large Cap Growth Portfolio1 Xxxxx Fargo Index Portfolio
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Appendix A Amended: November 16, 2016
On November 16, 2016 the Board of Trustees of Xxxxx Fargo Master Trust approved Golden Capital Management, LLC as the sub-adviser to the Xxxxx Fargo Diversified Large Cap Growth Portfolio, effective on or about January 31, 2017.
APPENDIX B
GOLDEN CAPITAL MANAGEMENT, LLC
FEE AGREEMENT
XXXXX FARGO MASTER TRUST
This fee agreement is effective as of the 1st day of October, 2011, and amended the 16th day of November, 2016, by and among Xxxxx Fargo Funds Management, LLC (the “Adviser”) and Golden Capital Management, LLC (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 “Portfolio” and collectively, the “Portfolios”); 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 average daily net assets of each Portfolio throughout the month:
Sub-Advisory Fee |
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Xxxxx Fargo Diversified Large Cap Growth Portfolio1 |
First 1B Over 1B |
0.35 0.30 |
Xxxxx Fargo Index Portfolio |
First 100M Next 100M Over 200M |
0.05 0.03 0.02 |
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 Portfolio.
The foregoing fee schedule is agreed to as of this 16th day of November, 2016, and shall remain in effect until agreed and changed in writing by the parties.
XXXXX FARGO FUNDS MANAGEMENT, LLC
By:
Xxxx Xxxxx
Senior Vice President
GOLDEN CAPITAL MANAGEMENT, LLC
By:
Xxxx X. Xxxxxx
President and CEO
1. On November 16, 2016 the Board of Trustees of Xxxxx Fargo Master Trust approved Golden Capital Management, LLC as the sub-adviser to the Xxxxx Fargo Diversified Large Cap Growth Portfolio, effective on or about January 31, 2017.