SCHEDULE A To the Administration Agreement by and among The Munder Funds and Munder Capital Management FUNDS, FEES & EXPENSES
Exhibit (h)(8)
Dated: February 25, 2005
SCHEDULE A
To the Administration Agreement by and among
The Munder Funds and Munder Capital Management
FUNDS, FEES & EXPENSES
| Funds |
| Munder Series Trust |
| Liquidity Money Market Fund |
| Munder Balanced Fund |
| Munder Bond Fund |
| Munder Cash Investment Fund |
| Munder Future Technology Fund |
| Munder Index 500 Fund |
| Munder Institutional Money Market Fund |
| Munder Intermediate Bond Fund |
| Munder International Bond Fund |
| Munder International Equity Fund |
| Munder Large-Cap Value Fund |
| Munder Michigan Tax-Free Bond Fund |
| Munder Micro-Cap Equity Fund |
| Munder MidCap Select Fund |
| Munder Multi-Season Growth Fund |
| Munder NetNet Fund |
| Munder Power Plus Fund |
| Munder Real Estate Equity Investment Fund |
| Munder S&P MidCap Index Equity Fund |
| Munder S&P SmallCap Index Equity Fund |
| Munder Small-Cap Value Fund |
| Munder Tax-Free Bond Fund |
| Munder Tax-Free Money Market Fund |
| Munder Tax-Free Short & Intermediate Bond Fund |
| Munder U.S. Government Income Fund |
| Munder Series Trust II |
| Munder Healthcare Fund |
| The Munder @Vantage Fund |
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Fees
The following fee schedule is effective as of August 10, 2004
| I. | Standard Basis Point Fees |
ANNUAL FEES – Each fund will pay the greater of the fund basis point fee or the fund minimum fee.
| First $100 Million of a Fund’s Net Assets |
15.3 Basis Points | |
| Next $150 Million of a Fund’s Net Assets |
12.8 Basis Points | |
| Next $250 Million of a Fund’s Net Assets |
10.4 Basis Points | |
| Next $500 Million of a Fund’s Net Assets |
7.9 Basis Points | |
| Thereafter |
5.5 Basis Points | |
| Annual Fund Minimum |
$50,000 plus $6,000 for each active class greater than one. |
The basis point fees are annual charges billed and payable monthly based on average monthly net assets. Basis point fees will be calculated on a fund level basis. There is no complex level minimum. Annual Fund minimum fees, if greater than the basis point fees, are billed and payable monthly on a pro rata basis.
| II. | Leverage Fee |
An additional annual fee of $10,000 will be charged to each Fund for leverage monitoring and additional financial statement preparation required for Funds that utilize leverage.
| III. | Financial Reporting Fee |
An additional annual fee of $8,000 will be charged to each Fund in connection with the preparation, review and filing of quarterly portfolio holdings reports on Form N-Q and the preparation of standardized expense disclosure and portfolio holdings information to be included in annual and semi-annual reports on Form N-CSR.
| IV. | Special Services |
Fees for activities of a non-recurring nature such as fund consolidations or reorganizations, extraordinary security shipments and the preparation of special reports will be subject to negotiation. Fees for self-directed securities lending transactions, non-standard XxXxXx financial reporting, Gateway reporting system, master/feeder accounting and other special items will be negotiated separately. New funds added to the family will be separately negotiated.
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| IV. | Payment |
The above fees will be charged against the Funds’ custodian checking account five (5) days after the invoice is delivered to the Funds’ offices, unless otherwise instructed. If instructed otherwise, all open invoices in excess of 10 days after the invoice is mailed will accrue interest daily at the Fed Funds Rate.
| MUNDER SERIES TRUST MUNDER @VANTAGE FUND |
MUNDER CAPITAL MANAGEMENT | |||||||
| BY: | /s/ Xxxxxxx X. Xxxxxxxxxxx |
BY: | /s/ Xxxxx X. Xxxxxxx | |||||
| Name: |
Xxxxxxx X. Xxxxxxxxxxx |
Name: |
Xxxxx X. Xxxxxxx | |||||
| Title: |
Vice President and Secretary |
Title: |
Chief Administrative Officer | |||||
| Date: |
February 25, 2005 |
Date: |
February 25, 2005 | |||||
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