Wells Fargo Bank NA

Item 5 – Fees and Compensation

Wells Capital Singapore charges a fee based upon a percentage of the market value of assets under
management.

Account-Level Fees:

In addition to advisory fees paid to Wells Capital Singapore, clients will pay other fees and expenses in
connection with Wells Capital Singapore’s management of their account. For example, Wells Capital
Singapore’s discretionary clients will pay brokerage commissions and any other transaction charges
associated with buying and selling securities. In addition, clients will pay fees and expenses associated
with the provision of custody services for their account. Wells Capital Singapore does not receive any of
these non-advisory service fees (e.g., brokerage commissions and other transaction charges, custodial
fees, transfer taxes or sales loads or similar charges), although Wells Capital Singapore may receive soft
dollar credits from client trading, and Wells Capital Singapore’s affiliates may be compensated for
brokerage and/or custody services provided to certain clients.

Investment-Level Fees:

When considering account-level advisory fees, clients should be aware that client accounts invested in
mutual funds, money market funds, exchange-traded funds, private funds, or similar securities, will also
bear their proportionate share of fees paid at the fund level.

Two-Levels of Fees:

If a client account invests in a fund sponsored, advised or otherwise serviced by a Wells Fargo company
(i.e. an affiliated fund), Wells Capital Singapore and/or its affiliates will receive fees that are paid at the
fund-level. As a result, clients pay Wells Capital Singapore and its affiliates two levels of fees on the
portion of a client's account invested in affiliated funds. The receipt of two levels of fees creates an
incentive for Wells Capital Singapore to select and retain affiliated funds, rather than unaffiliated funds,
for its clients. Wells Capital Singapore, generally does not receive advisory fees from both the client’s
separate account and the affiliate fund in which the separate account is invested. Wells Capital Singapore
will exclude the portion of a client’s account invested in affiliated funds when calculating Wells Capital
Singapore’s account-level advisory fee or otherwise offset the account-level advisory fee by the advisory
fees paid at the fund level. Such rebate or reduction will not eliminate the conflict and Wells Capital
Singapore may nevertheless have a financial incentive to favor affiliated fund investments (for example,
to increase the assets under management of, or otherwise provide support to certain funds, products or
lines of business). In limited instances, and where permitted and agreed upon with the client, Wells
Capital Singapore will receive advisory fees from both the client’s separate account and the affiliate fund
in which the separate account is invested.

Wells Capital Singapore and its affiliated companies will receive two-levels of fees on a client’s account
when affiliated companies provides brokerage, administrative, custodial and other non-advisory services
to the affiliated fund and the client account.

The basic fee schedules for Wells Capital Singapore’s investment advisory services are indicated below,
and can be negotiated between the client and Wells Capital Singapore when circumstances warrant (e.g.,
large account size, accounts that require special services, etc.). Fees may be higher or lower than the
standard fee schedule. Wells Capital Singapore generally agrees to charge clients fees for advisory
services that are lower than those set forth below. In certain circumstances in which Wells Capital
Singapore or its affiliates provide customized investment advisory services a higher fee may apply.
Variations in fees charged to clients can occur as a result of numerous factors including negotiations
and/or discussions that may include the particular circumstances of the investor, account size, account
servicing requirements, the size and scope of the overall relationship with Wells Capital Singapore and
its affiliates or certain consultants, or as may be otherwise agreed with specific clients on a case by case
basis.

The minimum account size is noted below for each strategy, where minimum annual fee is stated, and
may vary by investment style and asset class and may be negotiated or waived by Wells Capital
Singapore. There are no start-up or closing fees payable to Wells Capital Singapore or its affiliates.
Wells Capital Singapore generally bills in arrears and any partial periods are prorated over the billing
cycle. Wells Capital Singapore typically sends an invoice to clients within 45 days after quarter end for
quarterly invoiced accounts and within 30 days following month end for monthly invoiced accounts. In
limited circumstances, clients may pay their advisory fees in advance. In such cases, Wells Capital
Singapore will refund any prepaid, unearned advisory fees to the client upon termination of the client’s
account. Advisory agreements are subject to termination by Wells Capital Singapore or a client in
accordance with their terms.

Fee Schedule

 Product                             Fee                          Min Annual Fee       Min Account Size

 U.S. Cash Tax-Advantaged            First $100m at 0.10%               $80,000                $80m
                                     Over $100m at 0.08%

 U.S. Enhanced Cash Tax-
                                     First $100m at 0.10%               $80,000                $80m
 Advantaged
                                     Over $100m at 0.08%

 U.S. Limited Duration Tax-
                                     First $100m at 0.10%               $80,000                $80m
 Advantaged
                                     Over $100m at 0.08%

 U.S. Taxable 1 Year                 First $100m at 0.10%               $80,000                $80m
                                     Over $100m at 0.08%
...

Item 7 – Types of Clients

Wells Capital Singapore has established minimum account value requirements. The minimum account
size for each strategy is noted in the chart included in Item 5 – Fees and Compensation. The minimum
account requirements, which vary by investment style and asset class, can be negotiated with the client,
or waived by Wells Capital Singapore. Wells Capital Singapore provides services to clients including, but
not limited to, the following.

      Institutional clients, corporations or other business entities
      Pooled investment vehicles, including U.S. registered investment companies