Wells Fargo Asset Management International LLC

Item 5 – Fees and Compensation

WFAM(I) assumes discretionary investment authority for investment accounts of, or
furnishes investment advice to, institutions, including pension or other employee
benefit trusts, corporations, investment companies and other entities. For such
services, WFAM(I) receives a fee usually based upon a percentage of the market
value of assets under management. In certain circumstances described further
below, WFAM(I) may also receive other compensation, such as performance-based
fees.

In addition to the management fees paid to WFAM(I), a client will pay other fees and
expenses in connection with the account. For example, WFAM(I) discretionary
clients will typically pay brokerage fees and any other transaction charges associated
with buying and selling securities. WFAM(I) does not receive any portion of these
non-advisory service fees (e.g., brokerage fees and other transaction charges,
custodial fees, transfer taxes or sales loads or similar charges).

When considering account-level management fees, clients should be aware that
client accounts invested in investment company securities (e.g., money market
funds, exchange-traded funds) will also bear their proportionate share of fees paid
at the investment company level. If the investment company is sponsored, advised
or otherwise serviced by a Wells Fargo company, WFAM(I) and/or its affiliates may
receive fees that are paid at the investment company level. In such circumstances
the management fee will not be revised.

The basic fee schedule for WFAM(I)’s investment services is indicated below.
WFAM(I) may modify the fees when circumstances warrant (e.g., large account size;
accounts that require special services). Lower fees for comparable services may be
available from other sources. The fee schedule represents tiered fees and is not
based on a weighted average of the total amount of assets under management.
Certain investments have a minimum account size of $20,000,000 but it may
vary by investment style and asset class and may be waived in WFAM(I)’s sole
discretion. There are no start-up or closing fees and any partial periods are prorated
over the billing cycle. Due to the fact that WFAM(I) bills in arrears, there is no refund
policy. Advisory or investment management agreements may be terminated in
accordance with the termination notices and terms of the agreement.

 Fund Name                   Strategy                Basic Fee Schedule
 Emerging Market Debt
                                                      First USD 50m at 0.30%
 (local ccy)
                                                      Next USD 150m at 0.25%
 Global Bond
                                                       Over USD 200m at 20%
 Global Bond Hedged          Global Fixed Income
 Global Bond Opportunity
                                                       Minimum account size =
 Global Sovereign Bond
                                                             USD 20m
 International Bond
                                                     First USD 500m 0.60%
                                                     Over USD 500m 0.575%
 Alternative Risk Premia
                             Multi-Assets Solution
                                                     No minimum investment
 Bespoke multi-asset
 solutions to client                                 As per client requirements
 specifications

OFFSHORE CLIENT FEES

WFAM(I) may also manage accounts for clients or their accounts based outside of
the United States. In many such arrangements and in consideration of the enhanced
administrative costs, WFAM(I) may charge fees that are higher than the fees
specified above.

OTHER FEES

WFAM(I) acts as sub-advisor pursuant to an agreement with Wells Fargo Funds
Management, LLC, rendering fully discretionary investment management to several
registered open-end management investment companies in the Wells Fargo
Advantage Funds and is entitled to receive from Wells Fargo Funds Management,
LLC, a portion of its annual fee from the Fund equal to a percentage of the Fund's
average daily net assets.

WFAM(I) acts as investment advisor to private funds that are exempt from
registration under the Investment Company Act in reliance upon Section 3(c)(1)
thereof. With respect to the private funds, WFAM(I) or an affiliated sub-adviser
receives fees from the investors in such private fund through separately managed
account arrangements and does not receive fees directly from the private fund.

For some sub-advisory accounts that WFAM(I) manages on behalf of WellsCap,
WFAM(I) has received or may receive a performance-based fee. See Item 6.

Additional information relating to potential conflicts of interest can be found in Item 6
- Performance-Based Fees and Side-By-Side Management, Item 11- Code of Ethics,
Participation or Interest in Client Transactions, and Personal Trading, and Item 12 -
Brokerage Practices within this Brochure.

Item 7 – Types of Clients

WFAM(I) provides services to a diverse group of clients including, but not limited to
the following:

   •   Corporations or other business entities

   •   Banking or thrift institutions, investment companies (including European
       UCITS compliant funds, mutual funds) and other pooled investment vehicles
       (e.g., hedge funds)

   •   Insurance organizations

   •   Mutual fund companies

   •   Public funds and municipalities

   •   Foundations, endowments, trusts and estates

   •   Pension and profit sharing plans (other than plan participants)

   •   Taft-Hartley plans, governmental plans, and unions

   •   Health services organizations

   •   Charitable organizations and non - profit entities.