EX-99.D ADVSR CONTR 7 feeandexpenagrmt.htm AMENDED AND RESTATED FEE AND EXPENSE AGREEMENT

AMENDED AND RESTATED FEE AND EXPENSE AGREEMENT

THIS AMENDED AND RESTATED AGREEMENT is made as of June 1, 2018, and amended as of October 3, 2008 and May 20, 2015, among Wells Fargo Funds Trust (the “Trust”), a Delaware statutory trust, for itself and on behalf of its series listed from time to time in Schedule A and B attached hereto (individually referred to as the “Fund” or collectively referred to as the “Funds”), Wells Fargo Master Trust (“Master Trust”), a Delaware statutory trust, and Wells Fargo Funds Management, LLC (“Funds Management” or the “Adviser”), a limited liability company organized under the laws of the State of Delaware.

WHEREAS, each of the Trust and Master Trust is an open-end investment company registered under the Investment Company Act of 1940; and

WHEREAS, Funds Management serves as investment adviser and/or administrator to each of the Funds pursuant to an investment advisory agreement (the “Investment Advisory Agreement”) and/or an administration agreement (the “Administration Agreement”);

NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows:

1. Limitation on Total Operating Expense Ratios. The Adviser hereby agrees to waive any advisory fees payable to it under the Investment Advisory Agreement, waive any administration fees payable to it under the Administration Agreement, and/or reimburse other expenses of the Funds or a class to the extent necessary to maintain a total operating expense ratio for each class of each Fund that does not exceed its capped operating expense ratio (each, a “Capped Operating Expense Ratio”) as set forth from time to time in Schedule A attached hereto (each, a “Commitment”). The operating expenses that may not exceed the Capped Operating Expense Ratio do not include expenses that are not included in calculating a fund’s operating expense ratio as reflected in its audited financial highlights (such as brokerage commissions, stamp duty fees, interest, taxes or acquired fund fees and expense), prime broker fees, dividend and interest expense on securities sold short and do not include Extraordinary Expenses. Extraordinary Expenses shall include other expenses as are determined by a vote of the majority of the Trustees to be Extraordinary Expenses for this purpose.

2. Application of the Commitments to Tiered Funds. A Fund that invests in shares of a money market Fund need not attribute the money market Fund’s fees to the investing Fund’s operating expenses. A non-WealthBuilder Fund that invests in shares of a Wells Fargo Master Trust portfolio or in shares of a non-money market Fund shall attribute the portfolio’s or non-money market Fund’s fees to the investing Fund’s operating expenses. A Dynamic Target Date Fund that invests in securities of any registered investment company other than a money market Fund shall attribute the registered investment company’s fees to the investing Fund’s operating expenses. A WealthBuilder Fund that invests in shares of a Wells Fargo Master Trust Portfolio or in shares of a non-money market Fund need not attribute the portfolio’s or non-money market Fund’s fees to the investing Fund’s operating expenses. Except as expressly provided in this

Section 2, a Fund that invests in securities of any registered investment company need not attribute the fees of such other registered investment company to the investing Fund’s operating expenses.

3. Duration of the Commitments.

(a)

Initial Waiver. The parties agree that Funds Management will maintain the Capped Operating Expense Ratios until the expiration/renewal date specified in Schedule A (the “Expiration/Renewal Date”).

(b)

Automatic Renewal of the Commitments. The parties agree that each Commitment will renew automatically for a period of one year from each anniversary of the Expiration/Renewal Date unless, prior to such anniversary date: (i) Funds Management provides notice to the Board to the effect that it has elected not to renew a Commitment for a full year with respect to one or more specified Funds or classes; (ii) Funds Management provides notice to the Board to the effect that it has elected to reduce a listed Capped Operating Expense Ratio with respect to one or more specified Funds or classes; and/or (iii) the Board approves an increase to the listed Capped Operating Expense Ratio with respect to one or more specified Funds or classes. The notice referred to in subparagraphs (i) and (ii), above, or in subparagraph (i) of Subsection 3(c), may take the form of presentation materials delivered to the Board at or before a meeting of the Board, a presentation to the Board at a meeting that is reflected in the minutes of such meeting, or written notice delivered to the Board.

(c)

Funds Management’s Obligations Following Non-Renewal of a Commitment. Following any non-renewal of a Commitment with respect to one or more specified Funds or classes pursuant to Subsection 3(b), Funds Management will nevertheless maintain the listed Capped Operating Expense Ratio of the Fund or class until such time as: (i) Funds Management provides notice to the Board that it is reinstating the Commitment with respect to the Fund or class at the same or a reduced Capped Operating Expense Ratio, in which case the provisions of Subsection 3(b) shall govern thereafter; (ii) the Board approves an increase in the listed Capped Operating Expense Ratio, in which case the provisions of Subsection 3(d) shall govern; or (iii) the Board approves the elimination of any obligation to maintain a specified ratio.

(d)

Board Approval of an Increase in a Capped Operating Expense Ratio. If the Board approves an increase in the listed Capped Operating Expense Ratio of a Fund or class, Funds Management’s Commitment to maintain the higher Capped Operating Expenses Ratio will be governed by the renewal and non-renewal provisions of Subsection 3(b).

(e)

Funds Management’s Ability to Reduce a Capped Operating Expense Ratio or Extend the Term of a Commitment. Notwithstanding any other provision of this Agreement, Funds Management may reduce the Capped Operating Expense Ratio of a Fund or a class, or extend the term of the Commitment to maintain the

Capped Operating Expense Ratio of a Fund or a class, without prior approval of the Board. Funds Management shall inform the Board of any action taken under this Subsection no later than the next regularly scheduled Board meeting. Unless Funds Management informs the Board that the reduced Capped Operating Expense Ratio will be governed by the renewal and non-renewal provisions of Subsection 3(b), the Capped Operating Expense Ratio of the Fund or class will revert to the Capped Operating Expense Ratio previously in effect at the next Expiration/Renewal Date.

4. Modification; Amendment. No modification or amendment to this Agreement shall be binding unless in writing and executed by Funds Management, the Trust and, if affected thereby, Wells Fargo Master Trust. Notwithstanding the foregoing, the parties hereby agree that the Schedules may be amended or supplemented by having Funds Management, the Trust and, if affected thereby, Wells Fargo Master Trust execute updated Schedules, without having such action constitute a modification or amendment to this Agreement. Among other matters, the parties intend that: (a) Schedule A shall be updated to reflect any additional Funds or classes that are established from time to time by the Trust and as to which a Capped Operating Expense Ratio is established; (b) Schedule A shall be updated to reflect any increases to Capped Operating Expense Ratios that have been approved by the Board or any reductions in Capped Operating Expense Ratios that have been implemented pursuant to the notice provisions of Subsections 3(b) or 3(c), or any reductions implemented by Funds Management pursuant to Subsection 3(e); (c) Schedule A shall be updated to reflect any term extensions implemented by Funds Management pursuant to Section 3(e); and (d) Schedule A shall designate any Funds or classes as to which a Commitment has not been renewed until (i) a Commitment is reinstated pursuant to Subsection 3(c) or 3(d), or (ii) the Board approves the elimination of any obligation to maintain a specified ratio, at which time such Fund or class shall be moved to Schedule B.

5. Entire Agreement. This Amended and Restated Agreement constitutes the entire agreement of the parties with respect to its subject matter. Each provision herein shall be treated as separate and independent from any other provision or agreement herein and shall be enforceable notwithstanding the unenforceability of any such other provision or agreement. In addition, each provision herein shall be treated as separate and independent with respect to each Fund.

IN WITNESS WHEREOF, the parties have duly executed this Amended and Restated Agreement as of June 1, 2018.

			WELLS FARGO FUNDS TRUST, for itself and on behalf of its series listed from time to time on the Schedules attached hereto
			By
				Andrew Owen
				President

			WELLS FARGO MASTER TRUST
			By
				Andrew Owen
				President

			WELLS FARGO FUNDS MANAGEMENT, LLC
			By
				Paul Haast
				Senior Vice President

SCHEDULE A

FEE AND EXPENSE AGREEMENT

WELLS FARGO FUNDS TRUST

(Capped Operating Expense Ratios)

FUNDS/CLASSES

Capped Operating

Expense Ratio

Expiration / Renewal Date

Absolute Return Fund

Class A

Class C

Class R

Class R6

Administrator Class

Institutional Class

0.71%

1.46%

0.96%

0.28%

0.57%

0.33%

August 31, 2020

Adjustable Rate Government Fund

Class A

Class C

Administrator Class

Institutional Class

0.74%

1.49%

0.60%

0.46%

December 31, 2020

Alternative Risk Premia Fund

Class R6

Institutional Class

0.62%

0.72%

October 31, 2020

Asset Allocation Fund

Class A

Class C

Class R

Administrator Class

Institutional Class

1.13%

1.88%

1.38%

0.95%

0.80%

August 31, 2020

C&B Large Cap Value Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

1.08%

1.83%

0.65%

1.00%

0.75%

September 30, 2020

C&B Mid Cap Value Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

1.25%

2.00%

0.80%

1.15%

0.90%

January 31, 2021

California Limited-Term Tax-Free Fund

Class A

Class C

Administrator Class

Institutional Class

0.80%

1.55%

0.60%

0.50%

October 31, 2020

California Tax-Free Fund

Class A

Class C

Administrator Class

Institutional Class

0.75%

1.50%

0.55%

0.48%

October 31, 2020

A-1

FUNDS/CLASSES

Capped Operating

Expense Ratio

Expiration / Renewal Date

Cash Investment Money Market Fund

Administrator Class

Institutional Class

Select Class

Service Class

0.33%

0.20%

0.13%

0.45%

May 31, 2021

Classic Value Fund

Class A

Class C

Class R

Class R6

Administrator Class

Institutional Class

1.11%

1.86%

1.36%

0.65%

0.95%

0.70%

November 30, 2020

Common Stock Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

1.26%

2.01%

0.83%

1.10%

0.85%

January 31, 2021

Conservative Income Fund

Class A2

Institutional Class¹

0.50%

0.27%

December 31, 2021

December 31, 2020

Core Bond Fund

Class A

Class C

Class R

Class R4

Class R6

Administrator Class

Institutional Class

0.78%

1.53%

1.03%

0.52%

0.37%

0.70%

0.42%

September 30, 2020

Core Plus Bond Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

0.73%

1.48%

0.35%

0.62%

0.40%

December 31, 2020

Disciplined Small Cap Fund

Class A

Class R6

Administrator Class

Institutional Class

0.93%

0.50%

0.85%

0.60%

July 31, 2020

Disciplined U.S. Core Fund

Class A

Class C

Class R

Class R6

Administrator Class

Institutional Class

0.87%

1.62%

1.12%

0.43%

0.74%

0.48%

November 30, 2020

¹ On May 28, 2020 the Board of Trustees of Wells Fargo Funds Trust were notified of the reduction to the net operating expense ratio (NOER) for the Conservative Income Fund Institutional Class. Effective January 1, 2021, the NOER will be 0.25%.

A-2

FUNDS/CLASSES

Capped Operating

Expense Ratio

Expiration / Renewal Date

Discovery Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

1.22%

1.97%

0.79%

1.14%

0.89%

January 31, 2021

Diversified Capital Builder Fund

Class A

Class C

Administrator Class

Institutional Class

1.13%

1.88%

1.05%

0.78%

January 31, 2021

Diversified Equity Fund

Class A

Class C

Administrator Class

1.25%

2.00%

1.00%

September 30, 2020

Diversified Income Builder Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

0.85%

1.60%

0.42%

0.77%

0.52%

January 31, 2021

Diversified International Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

1.35%

2.10%

0.89%

1.25%

0.99%

February 28, 2021

Dynamic Target Today Fund

Class A

Class C

Class R4

Class R6

0.68%

1.43%

0.37%

0.22%

September 30, 2020

Dynamic Target 2015 Fund

Class A

Class C

Class R4

Class R6

0.68%

1.43%

0.37%

0.22%

September 30, 2020

Dynamic Target 2020 Fund

Class A

Class C

Class R4

Class R6

0.68%

1.43%

0.37%

0.22%

September 30, 2020

Dynamic Target 2025 Fund

Class A

Class C

Class R4

Class R6

0.68%

1.43%

0.37%

0.22%

September 30, 2020

A-3

FUNDS/CLASSES

Capped Operating

Expense Ratio

Expiration / Renewal Date

Dynamic Target 2030 Fund

Class A

Class C

Class R4

Class R6

0.68%

1.43%

0.37%

0.22%

September 30, 2020

Dynamic Target 2035 Fund

Class A

Class C

Class R4

Class R6

0.68%

1.43%

0.37%

0.22%

September 30, 2020

Dynamic Target 2040 Fund

Class A

Class C

Class R4

Class R6

0.68%

1.43%

0.37%

0.22%

September 30, 2020

Dynamic Target 2045 Fund

Class A

Class C

Class R4

Class R6

0.68%

1.43%

0.37%

0.22%

September 30, 2020

Dynamic Target 2050 Fund

Class A

Class C

Class R4

Class R6

0.68%

1.43%

0.37%

0.22%

September 30, 2020

Dynamic Target 2055 Fund

Class A

Class C

Class R4

Class R6

0.68%

1.43%

0.37%

0.22%

September 30, 2020

Dynamic Target 2060 Fund

Class A

Class C

Class R4

Class R6

0.68%

1.43%

0.37%

0.22%

September 30, 2020

Emerging Growth Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

1.28%

2.03%

0.85%

1.20%

0.90%

September 30, 2020

Emerging Markets Equity Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

1.55%

2.30%

1.13%

1.42%

1.17%

February 28, 2021

A-4

FUNDS/CLASSES

Capped Operating

Expense Ratio

Expiration / Renewal Date

Emerging Markets Equity Income Fund

Class A

Class C

Class R

Class R6

Administrator Class

Institutional Class

1.55%

2.30%

1.87%

1.13%

1.42%

1.17%

February 28, 2021

Endeavor Select Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

1.03%

1.78%

0.60%

0.94%

0.70%

November 30, 2021

Enterprise Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

1.18%

1.93%

0.80%

1.10%

0.85%

January 31, 2021

Fundamental Small Cap Growth Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

1.23%

1.98%

0.80%

1.15%

0.90%

July 31, 2020

July 31, 2021

July 31, 2020

Global Investment Grade Credit Fund

Class R6

Institutional Class

0.45%

0.50%

March 31, 2021

Global Small Cap Fund

Class A

Class C

Administrator Class

Institutional Class

1.55%

2.30%

1.40%

1.15%

February 28, 2021

Government Money Market Fund

Class A

Administrator Class

Institutional Class

Select Class

Service Class

Sweep Class

0.60%

0.34%

0.20%

0.14%

0.50%

0.77%

May 31, 2021

May 31, 2022

Government Securities Fund

Class A

Class C

Administrator Class

Institutional Class

0.85%

1.60%

0.64%

0.48%

December 31, 2020

Growth Balanced Fund

Class A

Class C

Administrator Class

1.13%

1.88%

0.95%

September 30, 2020

A-5

FUNDS/CLASSES

Capped Operating

Expense Ratio

Expiration / Renewal Date

Growth Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

1.16%

1.91%

0.70%

0.96%

0.75%

November 30, 2020

Heritage Money Market Fund

Administrator Class

Institutional Class

Select Class

Service Class

0.33%

0.20%

0.13%

0.43%

May 31, 2021

High Yield Bond Fund

Class A

Class C

Administrator Class

Institutional Class

0.93%

1.68%

0.80%

0.53%

December 31, 2020

High Yield Municipal Bond Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

0.80%

1.55%

0.50%

0.70%

0.55%

October 31, 2020

Income Plus Fund

Class A

Class C

Administrator Class

Institutional Class

0.90%

1.65%

0.75%

0.60%

January 31, 2021

Index Asset Allocation Fund

Class A

Class C

Administrator Class

Institutional Class

1.08%

1.83%

0.90%

0.75%

January 31, 2021

Index Fund

Class A

Class C

Administrator Class

0.45%

1.20%

0.25%

September 30, 2020

Intermediate Tax/AMT-Free Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

0.70%

1.45%

0.40%

0.60%

0.45%

October 31, 2020

International Bond Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

1.03%

1.78%

0.65%

0.85%

0.70%

January 31, 2021

A-6

FUNDS/CLASSES

Capped Operating

Expense Ratio

Expiration / Renewal Date

International Equity Fund

Class A

Class C

Class R

Class R6

Administrator Class

Institutional Class

1.14%

1.89%

1.39%

0.79%

1.14%

0.84%

February 28, 2021

International Value Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

1.24%

1.99%

0.84%

1.14%

0.89%

September 30, 2020

Intrinsic Small Cap Value Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

1.35%

2.10%

0.90%

1.20%

1.00%

July 31, 2020

July 31, 2021

July 31, 2020

Intrinsic World Equity Fund

Class A

Class C

Administrator Class

Institutional Class

1.35%

2.10%

1.25%

0.95%

February 28, 2021

Large Cap Core Fund

Class A

Class C

Class R

Class R6

Administrator Class

Institutional Class

1.08%

1.83%

1.33%

0.65%

0.97%

0.67%

November 30, 2020

Large Cap Growth Fund

Class A

Class C

Class R

Class R4

Class R6

Administrator Class

Institutional Class

1.07%

1.82%

1.32%

0.80%

0.65%

0.95%

0.75%

November 30, 2020

Large Company Value Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

0.83%

1.58%

0.40%

0.75%

0.50%

November 30, 2020

Low Volatility U.S. Equity Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

0.73%

1.48%

0.30%

0.65%

0.40%

November 30, 2020

A-7

FUNDS/CLASSES

Capped Operating

Expense Ratio

Expiration / Renewal Date

Minnesota Tax-Free Fund

Class A

Class C

Administrator Class

Institutional Class

0.85%

1.60%

0.60%

0.52%

October 31, 2020

Moderate Balanced Fund

Class A
Class C

Administrator Class

Institutional Class

1.15%

1.90%

0.90%

0.80%

September 30, 2020

Money Market Fund

Class A

Class C

Premier Class

Service Class

0.60%

1.35%

0.20%

0.50%

May 31, 2021

Municipal Bond Fund²

Class A

Class C

Class R6

Administrator Class

Institutional Class

0.75%

1.50%

0.43%

0.60%

0.48%

October 31, 2020

Municipal Cash Management Money Market Fund

Administrator Class

Institutional Class

Service Class

0.30%

0.20%

0.45%

May 31, 2021

Municipal Sustainability Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

0.75%

1.50%

0.40%

0.60%

0.45%

October 31, 2021

National Tax-Free Money Market Fund

Class A

Administrator Class

Premier Class

Service Class

0.60%

0.30%

0.20%

0.45%

May 31, 2021

Omega Growth Fund

Class A

Class C

Class R

Administrator Class

Institutional Class

1.30%

2.05%

1.55%

1.10%

0.85%

November 30, 2020

² On May 28, 2020 the Board of Trustees of Wells Fargo Funds Trust were notified of the reduction to the net operating expense ratios (NOER) for the Municipal Bond Fund Class R6 and Institutional Class. Effective November 1, 2020, the NOER will be: Class R6 0.40%; Institutional Class 0.45%

A-8

FUNDS/CLASSES

Capped Operating

Expense Ratio

Expiration / Renewal Date

Opportunity Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

1.18%

1.93%

0.72%

1.00%

0.75%

January 31, 2021

January 31, 2022

January 31, 2021

Pennsylvania Tax-Free Fund

Class A

Class C

Institutional Class

0.74%

1.49%

0.49%

October 31, 2020

Precious Metals Fund

Class A

Class C

Administrator Class

Institutional Class

1.09%

1.84%

0.95%

0.79%

July 31, 2020

Premier Large Company Growth Fund

Class A

Class C

Class R4

Class R6

Administrator Class

Institutional Class

1.11%

1.86%

0.80%

0.65%

1.00%

0.70%

November 30, 2020

Real Return Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

0.78%

1.53%

0.40%

0.60%

0.45%

September 30, 2020

Short Duration Government Bond Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

0.78%

1.53%

0.37%

0.60%

0.42%

December 31, 2020

Short-Term Bond Plus Fund

Class A

Class C

Class R6

Institutional Class

0.72%

1.47%

0.40%

0.45%

December 31, 2020

Short-Term High Yield Bond Fund

Class A

Class C

Administrator Class

Institutional Class

0.81%

1.56%

0.65%

0.50%

December 31, 2020

Short-Term Municipal Bond Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

0.63%

1.38%

0.35%

0.60%

0.40%

October 31, 2020

A-9

FUNDS/CLASSES

Capped Operating

Expense Ratio

Expiration / Renewal Date

Small Company Growth Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

1.29%

2.04%

0.86%

1.19%

0.94%

September 30, 2021

Small Company Value Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

1.15%

1.90%

0.75%

1.05%

0.85%

September 30, 2021

Specialized Technology Fund

Class A

Class C

Administrator Class

Institutional Class

1.35%

2.10%

1.28%

1.03%

July 31, 2021

July 31, 2020

Special International Small Cap Fund

Class R6

Institutional Class

0.95%

1.05%

June 30, 2020

Special Mid Cap Value Fund

Class A

Class C

Class R

Class R6

Administrator Class

Institutional Class

1.16%

1.91%

1.41%

0.73%

1.08%

0.83%

January 31, 2021

Special Small Cap Value Fund

Class A

Class C

Class R

Class R6

Administrator Class

Institutional Class

1.31%

2.06%

1.56%

0.89%

1.20%

0.94%

July 31, 2020

Strategic Municipal Bond Fund

Class A

Class C

Class R6

Administrator Class

Institutional Class

0.81%

1.56%

0.43%

0.68%

0.48%

October 31, 2020

Target Today Fund

Class A

Class C

Class R

Class R4

Class R6

Administrator Class

0.60%

1.35%

0.85%

0.29%

0.14%

0.49%

June 30, 2021

A-10

FUNDS/CLASSES

Capped Operating

Expense Ratio

Expiration / Renewal Date

Target 2010 Fund

Class A

Class C

Class R

Class R4

Class R6

Administrator Class

0.60%

1.35%

0.85%

0.29%

0.14%

0.49%

June 30, 2021

Target 2015 Fund

Class A

Class R

Class R4

Class R6

Administrator Class

0.60%

0.85%

0.29%

0.14%

0.49%

June 30, 2021

Target 2020 Fund

Class A

Class C

Class R

Class R4

Class R6

Administrator Class

0.60%

1.35%

0.85%

0.29%

0.14%

0.49%

June 30, 2021

Target 2025 Fund

Class A

Class R

Class R4

Class R6

Administrator Class

0.60%

0.85%

0.29%

0.14%

0.49%

June 30, 2021

Target 2030 Fund

Class A

Class C

Class R

Class R4

Class R6

Administrator Class

0.60%

1.35%

0.85%

0.29%

0.14%

0.49%

June 30, 2021

Target 2035 Fund

Class A

Class R

Class R4

Class R6

Administrator Class

0.60%

0.85%

0.29%

0.14%

0.49%

June 30, 2021

Target 2040 Fund

Class A

Class C

Class R

Class R4

Class R6

Administrator Class

0.60%

1.35%

0.85%

0.29%

0.14%

0.49%

June 30, 2021

A-11

FUNDS/CLASSES

Capped Operating

Expense Ratio

Expiration / Renewal Date

Target 2045 Fund

Class A

Class R

Class R4

Class R6

Administrator Class

0.60%

0.85%

0.29%

0.14%

0.49%

June 30, 2021

Target 2050 Fund

Class A

Class C

Class R

Class R4

Class R6

Administrator Class

0.60%

1.35%

0.85%

0.29%

0.14%

0.49%

June 30, 2021

Target 2055 Fund

Class A

Class R

Class R4

Class R6

Administrator Class

0.60%

0.85%

0.29%

0.14%

0.49%

June 30, 2021

Target 2060 Fund

Class A

Class C

Class R

Class R4

Class R6

Administrator Class

0.60%

1.35%

0.85%

0.29%

0.14%

0.49%

June 30, 2021

Treasury Plus Money Market Fund

Class A

Administrator Class

Institutional Class

Select Class

Service Class

0.60%

0.34%

0.20%

0.14%

0.45%

May 31, 2021

Ultra Short-Term Income Fund

Class A

Class A2

Class C

Administrator Class

Institutional Class

0.50%

1.25%

0.50%

0.25%

December 31, 2021

Ultra Short-Term Municipal Income Fund

Class A

Class A2

Class C

Class R6

Administrator Class

Institutional Class

0.50%

1.25%

0.20%

0.50%

0.25%

October 31, 2021

Utility and Telecommunications Fund

Class A

Class C

Administrator Class

Institutional Class

1.05%

1.80%

0.92%

0.72%

July 31, 2020

A-12

FUNDS/CLASSES

Capped Operating

Expense Ratio

Expiration / Renewal Date

WealthBuilder Conservative Allocation Fund³

Class A

Class C

Institutional Class

0.75%

1.50%

0.42%

September 30, 2020

WealthBuilder Equity Fund⁴

Class A

Class C

Institutional Class

0.75%

1.50%

0.42%

September 30, 2020

WealthBuilder Growth Allocation Fund⁵

Class A

Class C

Institutional Class

0.75%

1.50%

0.42%

September 30, 2020

WealthBuilder Growth Balanced Fund⁶

Class A

Class C

Institutional Class

0.75%

1.50%

0.42%

September 30, 2020

WealthBuilder Moderate Balanced Fund⁷

Class A

Class C

Institutional Class

0.75%

1.50%

0.42%

September 30, 2020

Wisconsin Tax-Free Fund

Class A

Class C

Institutional Class

0.70%

1.45%

0.52%

October 31, 2020

100% Treasury Money Market Fund

Class A

Administrator Class

Institutional Class

Service Class

0.60%

0.30%

0.20%

0.50%

May 31, 2021

Schedule A amended: August 27, 2020

On August 11, 2020 the Board of Trustees approved the fund name change of the WeathBuilder Conservative Allocation Fund to the Spectrum Income Allocation Fund, effective on or about October 30, 2020.

⁴

On August 11, 2020 the Board of Trustees approved the fund name change of the WeathBuilder Equity Fund to the Spectrum Aggressive Growth Fund, effective on or about October 30, 2020.

⁵

On August 11, 2020 the Board of Trustees approved the fund name change of the WeathBuilder Growth Allocation Fund to the Spectrum Growth Fund, effective on or about October 30, 2020.

⁶

On August 11, 2020 the Board of Trustees approved the fund name change of the WeathBuilder Growth Balanced Fund to the Spectrum Moderate Balanced Fund, effective on or about October 30, 2020.

⁷

On August 11, 2020 the Board of Trustees approved the fund name change of the WeathBuilder Moderate Balanced Fund to the Spectrum Conservative Growth Fund, effective on or about October 30, 2020.

A-13

The foregoing schedule of capped operating expense ratios is agreed to as of August 27, 2020 and shall remain in effect until changed in writing by the parties.

			WELLS FARGO FUNDS TRUST
			By:
				Catherine Kennedy
				Secretary

			WELLS FARGO FUNDS MANAGEMENT, LLC
			By:
				Paul Haast
				Senior Vice President

A-14

As of May 18, 2004

Amended and Restated Fee and Expense Agreement

Schedule B

WELLS FARGO FUNDS TRUST

Not Subject to Capped Operating Expense Ratios

Name of Fund/Class

Date of Removal from Schedule A