Exhibit 77Q1(e)
AMENDMENT NO. 1
to the
COMBINED INVESTMENT ADVISORY AGREEMENT
Amendment, as of October 30, 2003, to the Combined
Investment Advisory Agreement dated June 13, 2003, /the
Agreement/ among Munder Series Trust /MST/, on behalf of each
of its series, The Munder Funds, Inc. /MFI/ on behalf of each of its
series, and The Munder Framlington Funds Trust /MFFT/ on
behalf of each of its series and Munder Capital Management
/Advisor/, a Delaware partnership.
WHEREAS, the Advisor, MST, MFI and MFFT wish to
document recent changes and to update Schedule A and Schedule
B2 to the Agreement, as reflected below;
WHEREAS, as of October 30, 2003, pursuant to an
Agreement and Plan of Reorganization and Redomiciliation /the
Reorganization Plan/ by and between MFI and MST, dated as of
August 12, 2003, MFI reorganized each of its Munder Future
Technology Fund, Munder Micro-Cap Equity Fund, Munder
NetNet Fund and Munder Power Plus Fund portfolios /each, a
Portfolio/ into corresponding series of MST /each, a New
Portfolio/;
WHEREAS, under the Reorganization Plan, the assets of each
Portfolio were acquired by its corresponding New Portfolio, and
each New Portfolio assumed all responsibilities and liabilities of
the corresponding Portfolio;
NOW THEREFORE, in consideration of the promises and
covenants contained herein, the Advisor, MST, MFI and MFFT
agree to amend the Agreement as follows:
1. This Agreement is hereby terminated in its entirety with respect
to the Munder U.S. Treasury Money Market Fund as of August 18,
2003. Schedule B2 to the Agreement is hereby replaced with the
attached Schedule B2 effective as of August 18, 2003.
2. MST hereby requests the Advisor, under Sections 1 and 10 of
the Agreement, and the Advisor agrees to render services for each
of the New Portfolios listed below, as of the dates noted, and to
terminate the Agreement with respect to the corresponding
Portfolios of MFI as of the same date:
Name of Portfolio
Formerly a Series of:
Effective Date:
x. Xxxxxx Future Technology Fund
MFI
October 30, 2003
x. Xxxxxx Micro-Cap Equity Fund
MFI
October 30, 2003
x. Xxxxxx NetNet Fund
MFI
October 30, 2003
x. Xxxxxx Power Plus Fund
MFI
October 30, 2003
3. This Agreement is hereby terminated in its entirety with respect
to with respect to MFI as of the close of business on October 30,
2003. Schedule A to the Agreement is hereby replaced with the
attached Schedule A effective as of October 30, 2003.
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.
MUNDER SERIES TRUST
THE MUNDER FUNDS, INC.
THE MUNDER FRAMLINGTON FUNDS TRUST
By: /s/ Xxxxxxx X. Xxxxxxxxxxx
Xxxxxxx X. Xxxxxxxxxxx
Vice President and Secretary
MUNDER CAPITAL MANAGEMENT
By: /s/ Xxxxx X. Xxxxxxx
Xxxxx X. Xxxxxxx
Chief Administrative Officer
SCHEDULE A
As of October 30, 2003
Munder Series Trust
Liquidity Money Market Fund
Munder Balanced Fund
Munder Bond Fund
Munder Cash Investment Fund
Munder Emerging Markets Fund
Munder Future Technology Fund
Munder Institutional Government Money Market Fund
Munder Institutional Money Market Fund
Munder Intermediate Bond Fund
Munder International Bond Fund
Munder International Growth 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 Small Company Growth 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
The Munder Framlington Funds Trust
Munder Healthcare Fund
A-1
SCHEDULE B2
As of August 18, 2003
Annual Fees
/as a Percentage of Daily Net Assets/
Liquidity Money Market Fund
0.35%
Munder Balanced Fund
0.65%
Munder Bond Fund
0.50%
Munder Cash Investment Fund
0.35%
Munder Emerging Markets Fund
1.25%
Munder Institutional Government Money Market Fund
0.20%
Munder Institutional Money Market Fund
0.20%
Munder Intermediate Bond Fund
0.50%
Munder International Bond Fund
0.50%
Munder International Growth Fund
1.00% of net assets up to $250 million; plus 0.75% of net assets of
$250 million or more
Munder Large-Cap Value Fund
0.75%
Munder Michigan Tax-Free Bond Fund
0.50%
Munder MidCap Select Fund
0.75%
Munder Multi-Season Growth Fund
0.75%
Munder Real Estate Equity Investment Fund
0.74%
Munder Small Company Growth Fund
0.75%
Munder Small-Cap Value Fund
0.75%
Munder Tax-Free Bond Fund
0.50%
Munder Tax-Free Money Market Fund
0.35%
Munder Tax-Free Short & Intermediate Bond Fund
0.50%
Munder U.S. Government Income Fund
0.50%
3
B2-1
