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

Administrator Class

0.80%

1.55%

0.60%

February 28, 2014

Adjustable Rate Government Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

0.74%

1.49%

0.60%

0.49%

July 11, 2013

Asia Pacific Fund

Class A

Class C

Administrator Class

Institutional Class

Investor Class

1.60%

2.35%

1.40%

1.25%

1.65%

February 28, 2013

Asset Allocation Fund

Class A

Class B

Class C

Class R

Administrator Class

0.87%

1.62%

1.12%

0.64%

July 18, 2013

C&B Large Cap Value Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

Investor Class

1.15%

1.90%

0.95%

0.70%

1.20%

September 30, 2012

C&B Mid Cap Value Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

Investor Class

1.20%

1.95%

1.15%

0.90%

1.25%

January 31, 2013

California Limited-Term Tax-Free Fund

Class A

Class C

Administrator Class

0.80%

1.55%

0.60%

October 31, 2012

California Tax-Free Fund

Class A

Class B

Class C

Administrator Class

0.75%

1.50%

0.55%

July 11, 2013

California Municipal Money Market Fund

Class A

Administrator Class

Institutional Class

Service Class

Sweep Class

0.65%

0.30%

0.20%

0.45%

1.05%

July 11, 2013

Capital Growth Fund

Class A

Class C

Administrator Class

Institutional Class

Investor Class

1.20%

1.95%

0.94%

0.70%

1.27%

July 18, 2013

Cash Investment Money Market Fund

Administrator Class

Institutional Class

Select Class

Service Class

0.35%

0.20%

0.13%

0.50%

May 31, 2012

Colorado Tax-Free Fund

Class A

Class B

Class C

Administrator Class

0.85%

1.60%

0.60%

October 31, 2012

Common Stock Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

Investor Class

1.26%

2.01%

1.10%

0.90%

1.29%

January 31, 2013

Conservative Allocation Fund

Administrator Class

0.85%

September 30, 2012

Disciplined U.S. Core Fund

Class A

Class C

Administrator Class

Institutional Class

0.92%

1.67%

0.74%

0.48%

July 18, 2013

Discovery Fund

Class A

Class C

Administrator Class

Institutional Class

Investor Class

1.22%

1.97%

1.15%

0.90%

1.29%

July 18, 2013

Diversified Capital Builder Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

1.20%

1.95%

0.95%

0.78%

July 11, 2013

Diversified Equity Fund

Class A

Class B

Class C

Administrator Class

1.25%

2.00%

1.00%

July 18, 2013

Diversified Income Builder Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

1.08%

1.83%

0.90%

0.71%

July 11, 2013

Diversified International Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

Investor Class

1.41%

2.16%

1.25%

0.99%

1.46%

February 28, 2013

Diversified Small Cap Fund

Administrator Class

1.00%

September 30, 2012

Dow Jones Target 2010 Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

Investor Class

0.99%

1.74%

0.83%
0.48%

0.89%

June 30, 2012

Dow Jones Target 2015 Fund

Administrator Class

Institutional Class

Investor Class

0.84%

0.49%

0.90%

June 30, 2012

Dow Jones Target 2020 Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

Investor Class

1.01%

1.76%

0.85%
0.50%

0.91%

June 30, 2012

Dow Jones Target 2025 Fund

Administrator Class

Institutional Class

Investor Class

0.85%

0.50%

0.91%

June 30, 2012

Dow Jones Target 2030 Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

Investor Class

1.02%

1.77%

0.86%
0.51%

0.92%

June 30, 2012

Dow Jones Target 2035 Fund

Administrator Class

Institutional Class

Investor Class

0.87%

0.52%

0.93%

June 30, 2012

Dow Jones Target 2040 Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

Investor Class

1.03%

1.78%

0.87%
0.52%

0.93%

June 30, 2012

Dow Jones Target 2045 Fund

Administrator Class

Institutional Class

Investor Class

0.87%

0.52%

0.93%

June 30, 2012

Dow Jones Target 2050 Fund

Administrator Class

Institutional Class

Investor Class

0.87%

0.52%

0.93%

June 30, 2012

Dow Jones Target 2055 Fund

Administrator Class

Institutional Class

Investor Class

0.87%

0.52%

0.93%

June 30, 2012

Dow Jones Target Today Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

Investor Class

0.96%

1.71%

0.80%
0.45%

0.86%

June 30, 2012

Emerging Growth Fund

Class A

Class C

Administrator Class

Institutional Class

Investor Class

1.37%

2.12%

1.20%

0.90%

1.44%

September 30, 2012

Emerging Markets Equity Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

1.81%

2.56%

1.60%

1.30%

July 18, 2013

Emerging Markets Equity Income Fund

Class A

Class C

Administrator Class

Institutional Class

1.65%

2.40%

1.45%

1.25%

February 28, 2014

Emerging Markets Local Bond Fund

Class A

Class C

Administrator Class

Institutional Class

1.23%

1.98%

1.10%

0.90%

February 28, 2014

Endeavor Select Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

1.25%

2.00%

1.00%

0.80%

November 30, 2012

Enterprise Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

Investor Class

1.18%

1.93%

1.15%

0.85%

1.25%

July 18, 2013

Equity Value Fund

Class A

Class B

Class C

Class R

Administrator Class

Institutional Class

1.24%

1.99%

1.49%

1.00%

0.75%

July 18, 2013

Global Opportunities Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

1.55%

2.30%

1.40%

1.15%

July 18, 2013

Government Money Market Fund

Class A

Administrator Class

Institutional Class

Service Class

Sweep Class

0.65%

0.35%

0.20%

0.50%

1.05%

July 11, 2013

Government Securities Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

Investor Class

0.87%

1.62%

0.64%

0.48%

0.90%

July 11, 2013

Growth Fund

Class A

Class C

Administrator Class

Institutional Class

Investor Class

1.22%

1.97%

0.96%

0.75%

1.29%

November 30, 2012

Growth Balanced Fund

Class A

Class B

Class C

Administrator Class

1.20%

1.95%

0.95%

July 18, 2013

Heritage Money Market Fund

Administrator Class

Institutional Class

Select Class

Service Class

0.35%

0.20%

0.13%

0.43%

July 11, 2013

High Income Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

Investor Class

0.90%

1.65%

0.80%

0.50%

0.93%

July 11, 2013

High Yield Bond Fund

Class A

Class B

Class C

Administrator Class

1.03%

1.78%

0.80%

July 11, 2013

Income Plus Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

Investor Class

0.87%

1.62%

0.72%

0.58%

0.90%

July 11, 2013

Index Asset Allocation Fund

Class A

Class B

Class C

Administrator Class

1.15%

1.90%

0.90%

January 31, 2013

Index Fund

Class A

Class B

Class C

Administrator Class

Investor Class

0.56%

1.31%

0.25%

0.45%

July 18, 2013

Inflation-Protected Bond Fund

Class A

Class B

Class C

Administrator Class

0.85%
1.60%
1.60%
0.60%

September 30, 2012

Intermediate Tax/AMT-Free Fund

Class A

Class C

Administrator Class

Institutional Class

Investor Class

0.70%

1.45%

0.60%

0.42%

0.73%

July 11, 2013

International Bond Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

1.03%

1.78%

0.85%

0.73%

July 11, 2013

International Equity Fund

Class A

Class B

Class C

Class R

Administrator Class

Institutional Class

1.09%

1.84%

1.34%

1.09%

0.84%

July 18, 2013

International Value Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

1.50%

2.25%

1.25%

1.05%

September 30, 2012

Intrinsic Small Cap Value Fund

Class A

Class C

Administrator Class

Institutional Class

Investor Class

1.45%

2.20%

1.20%

1.00%

1.49%

February 28, 2013

Intrinsic Value Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

1.17%

1.92%

0.95%

0.85%

July 18, 2013

Intrinsic World Equity Fund

Class A

Class C

Administrator Class

Institutional Class

1.40%

2.15%

1.15%

0.95%

July 18, 2013

Large Cap Core Fund

Class A

Class C

Administrator Class

Institutional Class

Investor Class

1.14%

1.89%

0.90%

0.66%

1.21%

July 18, 2013

Large Cap Growth Fund

Class A

Class C

Class R

Administrator Class

Institutional Class

Investor Class

1.12%

1.87%

1.32%

0.95%

0.75%

1.19%

November 30, 2013

Large Company Value Fund

Class A

Class C

Administrator Class

Institutional Class

Investor Class

1.10%

1.85%

0.85%

0.65%

1.17%

July 18, 2013

Minnesota Tax-Free Fund

Class A

Class B

Class C

Administrator Class

0.85%

1.60%

0.60%

October 31, 2012

Moderate Balanced Fund
Class A
Class B
Class C

Administrator Class

1.15%
1.90%
1.90%

0.90%

September 30, 2012
September 30, 2012
September 30, 2012

September 30, 2012

Money Market Fund

Class A

Class B

Class C

Daily Class

Investor Class

Service Class

0.70%

1.45%

1.03%

0.65%

0.50%

July 11, 2013

Municipal Bond Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

Investor Class

0.75%

1.50%

0.60%

0.50%

0.78%

July 11, 2013

Municipal Cash Management Money Market Fund

Administrator Class

Institutional Class

Service Class

0.30%

0.20%

0.45%

July 11, 2013

Municipal Money Market Fund

Class A

Institutional Class

Investor Class

Service Class

Sweep Class

0.65%

0.20%

0.64%

0.45%

1.05%

July 11, 2013

National Tax-Free Money Market Fund

Class A

Administrator Class

Institutional Class

Service Class

Sweep Class

0.65%

0.30%

0.20%

0.45%

1.05%

May 31, 2012

North Carolina Tax-Free Fund

Class A

Class C

Institutional Class

0.85%

1.60%

0.54%

July 11, 2013

Omega Growth Fund

Class A

Class B

Class C

Class R

Administrator Class

Institutional Class

1.30%

2.05%

1.55%

1.05%

0.80%

July 18, 2013

Opportunity Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

Investor Class

1.25%

2.00%

1.00%

0.75%

1.32%

July 18, 2013

Pennsylvania Tax-Free Fund

Class A

Class B

Class C

Institutional Class

0.74%

1.49%

0.49%

July 11, 2013

Precious Metals Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

1.09%

1.84%

0.95%

0.79%

July 18, 2013

Premier Large Company Growth Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

Investor Class

1.12%

1.87%

0.95%

0.75%

1.19%

July 18, 2013

Prime Investment Money Market Fund

Institutional Class

Service Class

0.20%

0.55%

May 31, 2012

Short Duration Government Bond Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

0.83%

1.58%

0.60%

0.42%

December 31, 2012

Short-Term Bond Fund

Class A

Class C

Institutional Class

Investor Class

0.80%

1.55%

0.48%

0.83%

December 31, 2012

Short-Term High Yield Bond Fund

Class A

Class C

Administrator Class

Investor Class

0.81%

1.56%

0.65%

0.84%

December 31, 2012

Short-Term Municipal Bond Fund

Class A

Class C

Administrator Class

Institutional Class

Investor Class

0.60%

1.35%

0.60%

0.40%

0.63%

July 11, 2013

Small Cap Opportunities Fund

Administrator Class

1.20%

February 28, 2013

Small Cap Value Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

Investor Class

1.30%

2.05%

1.10%

0.90%

1.33%

February 28, 2013

Small Company Growth Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

1.45%
2.20%
2.20%

1.20%

0.95%

September 30, 2012
September 30, 2012
September 30, 2012
September 30, 2012

September 30, 2012

Small Company Value Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

1.45%

2.20%

1.20%

1.00%

September 30, 2012

Small/Mid Cap Core Fund

Class A

Class C

Administrator Class

Institutional Class

1.40%

2.15%

1.15%

0.95%

July 18, 2013

Small/Mid Cap Value Fund

Class A

Class C

Administrator Class

Institutional Class

Investor Class

1.40%

2.15%

1.15%

0.95%

1.47%

February 28, 2013

Special Mid Cap Value Fund

Class A

Class C

Administrator Class

Institutional Class

Investor Class

1.25%

2.00%

1.14%

0.87%

1.31%

July 18, 2013

Special Small Cap Value Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

1.34%

2.09%

1.09%

0.94%

July 18, 2013

Specialized Technology Fund

Class A

Class B

Class C

Administrator Class

Investor Class

1.70%

2.45%

1.50%

1.77%

July 31, 2012

Strategic Large Cap Growth Fund

Class A

Class C

Class R

Administrator Class

Institutional Class

1.07%

1.82%

1.32%

0.95%

0.80%

July 18, 2013

Strategic Municipal Bond Fund

Class A

Class B

Class C

Administrator Class

0.86%

1.61%

0.68%

July 11, 2013

Total Return Bond Fund

Class A

Class B

Class C

Class R

Administrator Class

Institutional Class

Investor Class

0.83%

1.58%

1.08%

0.70%

0.42%

0.86%

July 11, 2013

Traditional Small Cap Growth Fund

Class A

Class C

Administrator Class

Institutional Class

1.33%

2.08%

1.20%

0.98%

July 18, 2013

Treasury Plus Money Market Fund

Class A

Administrator Class

Institutional Class

Service Class

Sweep Class

0.65%

0.35%

0.20%

0.45%

1.05%

July 11, 2013

Ultra Short-Term Income Fund

Class A

Class C

Administrator Class

Institutional Class

Investor Class

0.70%

1.45%

0.55%

0.35%

0.73%

July 11, 2013

Ultra Short-Term Municipal Income Fund

Class A

Class C

Administrator Class

Institutional Class

Investor Class

0.67%

1.42%

0.60%

0.37%

0.70%

October 31, 2012

Utility & Telecommunications Fund

Class A

Class B

Class C

Administrator Class

Institutional Class

1.14%

1.89%

0.95%

0.78%

July 18, 2013

WealthBuilderConservative Allocation Portfolio

1.50%

September 30, 2012

WealthBuilderEquity Portfolio

1.50%

September 30, 2012

WealthBuilderGrowth Allocation Portfolio

1.50%

September 30, 2012

WealthBuilderGrowth Balanced Portfolio

1.50%

September 30, 2012

WealthBuilderModerate Balanced Portfolio

1.50%

September 30, 2012

WealthBuilderTactical Equity Portfolio

1.50%

September 30, 2012

Wisconsin Tax-Free Fund

Class A

Class C

Investor Class

0.70%

1.45%

0.73%

October 31, 2012

100% Treasury Money Market Fund

Class A

Administrator Class

Service Class

Sweep Class

0.65%

0.30%

0.50%

1.05%

July 11, 2013

Most Recent Annual Approval: March 29, 2012

Schedule A amended: March 29, 2012

The foregoing schedule of capped operating expense ratios is agreed to as of March 29, 2012 and shall remain in effect until changed in writing by the parties.

WELLS FARGO FUNDS TRUST

By:

C. David Messman

Secretary

WELLS FARGO FUNDS MANAGEMENT, LLC

By:
Andrew Owen

Executive Vice President

Effective January 1, 2013, the expiration/renewal date for each class of the Adjustable Rate Government Fund will be December 31, 2013. In addition, effective January 1, 2013, the net operating expense ratio for the Institutional Class will be reduced from 0.49% to 0.46%.

Effective February 1, 2013, the expiration/renewal date for each class of the Asset Allocation Fund will be January 31, 2014.

Effective November 1, 2012, the expiration/renewal date for each class of the California Tax-Free Fund will be October 31, 2013.

Effective June 1, 2012, the net operating expense ratio for the California Municipal Money Market Fund Sweep Class will be reduced from 1.05% to 1.00% with an expiration date of July 11, 2013.

Effective December 1, 2012, the expiration/renewal date for each class of the Capital Growth Fund will be November 30, 2013. In addition, effective December 1, 2012, the net operating expense ratio for the Investor Class will be reduced from 1.27% to 1.26%.

Effective December 1, 2012, the expiration/renewal date for each class of the Disciplined U.S. Core Fund will be November 30, 2013.

Effective February 1, 2013, the expiration/renewal date for each class of the Discovery Fund will be January 31, 2014. In addition, effective February 1, 2013, a reduction to the net operating expense ratio for the Institutional Class and Investor Class will occur as follows: Institutional Class from 0.90% to 0.89%; Investor Class from 1.29% to 1.28%.

Effective February 1, 2013, the expiration/renewal date for each class of the Diversified Capital Builder Fund will be January 31, 2014.

Effective October 1, 2012, the expiration/renewal date for each class of the Diversified Equity Fund will be September 30, 2013.

Effective February 1, 2013, the expiration/renewal date for each class of the Diversified Income Builder Fund will be January 31, 2014.

Effective October 1, 2012, the net operating expense ratio for the Emerging Growth Fund Investor Class will be reduced from 1.44% to 1.43% with an expiration date of September 30, 2013.

Effective March 1, 2013, the expiration/renewal date for each class of the Emerging Markets Equity Fund will be February 28, 2014. In addition, effective March 1, 2013 a reduction to the net operating expense ratio for Class A, B, C, Administrator and Institutional will occur as follows: Class A from 1,81% to 1.70%; Class B from 2.56% to 2.45%; Class C from 2.56% to 2.45%; Administrator Class from 1.60% to 1.50%; Institutional Class from 1.30 to 1.25%.

On February 8, 2012, the Board of Trustees of Wells Fargo Funds Trust approved the establishment of the Emerging Markets Equity Income Fund. The Fund will commence operations in the second quarter 2012.

On February 8, 2012, the Board of Trustees of Wells Fargo Funds Trust approved the establishment of the Emerging Markets Equity Local Bond Fund. The Fund will commence operations in the second quarter 2012.

Effective February 1, 2013, the expiration/renewal date for each class of the Enterprise Fund will be January 31, 2014. In addition, effective February 1, 2013, a reduction to the net operating expense ratio for the Administrator and Investor classes will occur as follows: Administrator Class from 1.15% to 1.10%; Investor Class from 1.25% to 1.24%.

Effective October 1, 2012, the expiration/renewal date for each class of the Equity Value Fund will be September 30, 2013.

Effective March 1, 2013, the expiration/renewal date for each class of the Global Opportunities Fund will be February 28, 2014.

Effective June 1, 2012, the net operating expense ratio for the Government Money Market Fund Sweep Class will be reduced from 1.05% to 1.00% with an expiration date of July 11, 2013.

Effective January 1, 2013, the expiration/renewal date for each class of the Government Securities Fund will be December 31, 2013.

Effective December 1, 2012, the net operating expense ratio for each share class of the Growth Fund will be reduced as follows: Class A from 1.22% to 1.21%; Class C from 1.97% to 1.96%; Investor Class from 1.29% to 1.27%. The expiration date will be November 30, 2013.

Effective October 1, 2012, the expiration/renewal date for each class of the Growth Balanced Fund will be September 30, 2013.

Effective January 1, 2013, the expiration/renewal date for each class of the High Income Fund will be December 31, 2013.

Effective January 1, 2013, the expiration/renewal date for each class of the High Yield Bond Fund will be December 31, 2013.

Effective January 1, 2013, the expiration/renewal date for each class of the Income Plus Fund will be December 31, 2013. In addition, effective January 1, 2013, the net operating expense ratio for the Investor Class will be reduced from 0.90% to 0.88%.

Effective October 1, 2012, the expiration/renewal date for each class of the Index Fund will be September 30, 2013.

Effective November 1, 2012, the expiration/renewal date for each class of the Intermediate Tax/AMT-Free Fund will be October 31, 2013.

Effective March 1, 2013, the expiration/renewal date for each class of the International Bond Fund will be February 28, 2014.

Effective March 1, 2013, the expiration/renewal date for each class of the International Equity Fund will be February 28, 2014.

Effective December 1, 2012, the expiration/renewal date for each class of the Intrinsic Value Fund will be November 30, 2013.

Effective March 1, 2013, the expiration/renewal date for each class of the Intrinsic World Equity Fund will be February 28, 2014.

Effective December 1, 2012, the expiration/renewal date for each class of the Large Cap Core Fund will be November 30, 2013. In addition, effective December 1, 2012, the net operating expense ratio for the Investor Class will be reduced from 1.21% to 1.20%.

On February 8, 2012, the Board of Trustees of Wells Fargo Funds Trust approved the reorganization of the Strategic Large Cap Growth Fund into the Large Cap Growth Fund and the addition of Class R shares to the Large Cap Growth Fund. Upon shareholder approval of the reorganization, Class R shares will become effective by the end of June 2012 and a 0.05% reduction to the capped operating expense ratios for Class A, Class C and Investor Class effective December 1, 2012 with an expiration date of November 30, 2013. The reduced capped net operating expense is contingent upon shareholder approval of the reorganization. Subject to the same conditions, Funds Management hereby notifies the Board that it is committing to further reduce the Investor Class capped net operating expense ratio to 1.13% for the same time periods.

Effective December 1, 2012, the expiration/renewal date for each class of the Large Company Value Fund will be November 30, 2013. In addition, effective December 1, 2012, the net operating expense ratio for the Investor Class will be reduced from 1.17% to 1.16%.

Effective June 1, 2012, the net operating expense ratio for the Money Market Fund Daily Class will be reduced from 1.03% to 1.00% with an expiration date of July 11, 2013.

Effective November 1, 2012, the expiration/renewal date for each class of the Municipal Bond Fund will be October 31, 2013. In addition, effective November 1, 2012, the net operating expense ratio for the Institutional Class will be reduced from 0.50% to 0.48%.

Effective June 1, 2012, the net operating expense ratio for the Municipal Money Market Fund Sweep Class will be reduced from 1.05% to 1.00% with an expiration date of July 11, 2013.

Effective June 1, 2012, the net operating expense ratio for the National Tax-Free Money Market Fund Sweep Class will be reduced from 1.05% to 1.00% with an expiration date of July 11, 2013.

Effective November 1, 2012, the expiration/renewal date for each class of the North Carolina Tax-Free Fund will be October 31, 2013.

Effective December 1, 2012, the expiration/renewal date for each class of the Omega Growth Fund will be November 30, 2013.

Effective February 1, 2013, the expiration/renewal date for each class of the Opportunity Fund will be January 31, 2014. In addition, effective February 1, 2013, a reduction to the net operating expense ratio for Classes A, B, C and Investor Class will occur as follows: Class A from 1.25% to 1.22%; Class B from 2.00% to 1.97%; Class C from 2.00% to 1.97%; Investor Class from 1.32% to 1.28%.

Effective November 1, 2012, the expiration/renewal date for each class of the Pennsylvania Tax-Free Fund will be October 31, 2013.

Effective August 1, 2012, the expiration/renewal date for each class of the Precious Metals Fund will be July 31, 2013.

Effective December 1, 2012, the expiration/renewal date for each class of the Premier Large Company Growth Fund will be November 30, 2013. In addition, effective December 1, 2012, the net operating expense ratio for the Investor Class will be reduced from 1.19% to 1.18%

Effective January 1, 2013, the net operating expense ratio for the Short-Term Bond Fund Investor Class will be reduced from 0.83% to 0.81% with an expiration date of December 31, 2013.

Effective November 1, 2012, the expiration/renewal date for each class of the Short-Term Municipal Bond Fund will be October 31, 2013.

Effective February 1, 2013, the expiration/renewal date for each class of the Small/Mid Cap Core Fund will be January 31, 2014.

Effective March 1, 2013, the net operating expense ratio for the Small/Mid Cap Value Fund Investor Class will be reduced from 1.47% to 1.46% with an expiration date of February 28, 2014.

Effective February 1, 2013, the expiration/renewal date for each class of the Special Mid Cap Value Fund will be January 31, 2014.

Effective March 1, 2013, the expiration/renewal date for each class of the Special Small Cap Value Fund will be February 28, 2014.

Effective August 1, 2012, a reduction to the net operating expense ratios for each share class of the Specialized Technology Fund will occur as follows: Class A from 1.70% to 1.60%; Class B from 2.45% to 2.35%; Class C from 2.45% to 2.35%; Administrator Class from 1.50% to 1.40%; Investor Class from 1.77% to 1.66%. The expiration dates will be July 31, 2013.

On February 8, 2012, the Board of Trustees of Wells Fargo Funds Trust approved the reorganization of the Strategic Large Cap Growth Fund into the Large Cap Growth Fund. Upon shareholder approval, the merger will become effective by the end of June 2012. If shareholder approval of the reorganization does not occur, effective December 1, 2012, the expiration/renewal date for each class of the Strategic Large Cap Growth Fund will be November 30, 2013.

Effective November 1, 2012, the expiration/renewal date for each class of the Strategic Municipal Bond Fund will be October 31, 2013. In addition, effective November 1, 2012, a reduction to the net operating expense ratios for Classes A, B, C will occur as follows: Class A from 0.86% to 0.82%; Class B from 1.61% to 1.57%; Class C from 1.61% to 1.57%.

Effective October 1, 2012, the expiration/renewal date for each class of the Total Return Bond Fund will be September 30, 2013. In addition, effective October 1, 2012, the net operating expense ratio for the Investor Class will be reduced from 0.86% to 0.84%.

Effective March 1, 2013, the expiration/renewal date for each class of the Traditional Small Cap Growth Fund will be February 28, 2014.

Effective June 1, 2012, the net operating expense ratio for the Treasury Plus Money Market Fund Sweep Class will be reduced from 1.05% to 1.00% with an expiration date of July 11, 2013.

Effective January 1, 2013, the expiration/renewal date for each class of the Ultra Short-Term Income Fund will be December 31, 2013.

Effective August 1, 2012, the expiration/renewal date for each class of the Utility and Telecommunications Fund will be July 31, 2013.

Effective June 1, 2012, the net operating expense ratio for the 100% Treasury Money Market Fund Sweep Class will be reduced from 1.05% to 1.00% with an expiration date of July 11, 2013.