AMENDMENT NO. 12 to the COMBINED INVESTMENT ADVISORY AGREEMENT
AMENDMENT NO. 12
to the
This Amendment is made as of March 1, 2011 to the Combined Investment Advisory Agreement among Munder Series Trust (“MST”), on behalf of each of its series, Munder Series Trust II (“MST II”), on behalf of each of its series, and Munder Capital Management (“Advisor”), a Delaware general partnership.
WHEREAS, on February 15, 2011, the Board of Trustees of MST ratified and approved the creation of two new series of MST, the Munder Integrity Mid-Cap Value Fund and the Munder Integrity Small/Mid-Cap Value Fund and approved the fees payable by each such Fund to MCM for investment advisory services; and
WHEREAS, the advisory fee schedule for the Munder Growth Opportunities Fund was revised effective March 1, 2011; and
WHEREAS, MST and MCM desire to amend the Schedules to the Agreement to reflect these changes.
NOW THEREFORE, in consideration of the promises and covenants contained herein, the Advisor, MST and MST II agree to amend the Agreement as follows:
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1.
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Schedule A of the Agreement is hereby replaced with the attached Schedule B effective as of March 1, 2011.
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2.
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Schedule B of the Agreement is hereby replaced with the attached Schedule B effective as of March 1, 2011.
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IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by their officers designated below as of the date first set forth above.
By:/s/ Xxxxxxx X. Xxxxxxxxxxx
Xxxxxxx X. Xxxxxxxxxxx
Vice President, Secretary & CCO
MUNDER CAPITAL MANAGEMENT
By:/s/ Xxxxx X. Xxxxxxx
Xxxxx X. Xxxxxxx
Managing Director, Chief Financial Officer
SCHEDULE A
As of March 1, 2011
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Munder Asset Allocation Fund-Balanced
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Munder Bond Fund
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Munder Energy Fund
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Munder Growth Opportunities Fund
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Munder Index 500 Fund
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Munder International Equity Fund
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Munder Integrity Mid-Cap Value Fund
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Munder Integrity Small/Mid-Cap Value Fund
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Munder International Fund-Core Equity
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Munder International Small-Cap Fund
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Munder Large-Cap Growth Fund
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Munder Large-Cap Value Fund
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Munder Micro-Cap Equity Fund
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Munder Mid-Cap Core Growth Fund
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Munder Small-Cap Value Fund
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Munder Tax-Free Short & Intermediate Bond Fund
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Munder Healthcare Fund
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A-1
SCHEDULE B
As of March 1, 2011
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Annual Fees
(as a Percentage of Daily Net Assets)
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Munder Asset Allocation Fund-Balanced
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0.65%
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Munder Bond Fund
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0.40%
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Munder Energy Fund
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0.75%
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Munder Growth Opportunities Fund
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0.75% of the first $1 billion of average daily net assets; 0.725% of the next $1 billion; and 0.70% of average daily net assets in excess of $2 billion
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Munder Healthcare Fund
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0.80% of the first $250 million of average daily net assets; and 0.75% of average daily net assets in excess of $250 million
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Munder Index 500 Fund
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0.20% of the first $250 million of average daily net assets; 0.12% of the next $250 million; and 0.07% of average daily net assets in excess of $500 million
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Munder International Equity Fund
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0.75%
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Munder Integrity Mid-Cap Value Fund
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0.75% of the first $500 million of average daily net assets; and 0.70% of average daily net assets in excess of $500 million
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Munder Integrity Small/Mid-Cap Value Fund
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0.90% of the first $300 million of average daily net assets; and 0.85% of average daily net assets in excess of $300 million
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Munder International Fund-Core Equity
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0.80% on the first $1 billion of average daily net assets; and 0.75% of the average daily net assets in excess of $1 billion
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Munder International Small-Cap Fund
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0.95% on the first $1 billion of average daily net assets; and 0.90% of the average daily net assets in excess of $1 billion
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Munder Large-Cap Growth Fund
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0.75% of the first $1 billion of average daily net assets; 0.725% of the next $1 billion; and 0.70% of average daily net assets in excess of $2 billion
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Annual Fees
(as a Percentage of Daily Net Assets)
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Munder Large-Cap Value Fund
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0.75% of the first $100 million of average daily net assets; and 0.70% of average daily net assets in excess of $100 million
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Munder Micro-Cap Equity Fund
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1.00%
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Munder Mid-Cap Core Growth Fund
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0.75% on the first $6 billion of average daily net assets, 0.70% on the next $2 billion, and 0.65% on average daily net assets exceeding $8 billion
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Munder Small-Cap Value Fund
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0.75%
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Munder Tax-Free Short & Intermediate Bond Fund
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0.40%
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B-2
