AMENDMENT NO. 16 to the EXPENSE LIMITATION AGREEMENT
Exhibit 99.B(h)(iii)(p)
AMENDMENT NO. 16
to the
This Amendment is made as of September 6, 2013 to the Expense Limitation Agreement dated August 14, 2007 (“Agreement”), as amended, between Munder Series Trust (“MST”) and Munder Capital Management (“MCM”).
WHEREAS, MCM previously agreed with respect to the Munder Bond Fund, Munder Integrity Mid-Cap Value Fund, Munder Integrity Small/Mid-Cap Value Fund and Munder Veracity Small-Cap Value Fund to pay Fund expenses and/or waive Service Agreement fees in amounts sufficient to maintain the Expense Limit (as defined in the Agreement) for each class of shares of the applicable Fund as shown in Schedule A, through October 31, 2013; and
WHEREAS, MCM has agreed with respect to such Funds to continue such waiver through October 31, 2014; and
NOW THEREFORE, in consideration of the promises contained herein, MST and MCM agree to amend the Agreement as follows:
1. Schedule A of the Agreement is hereby replaced with the attached Schedule A effective September 6, 2013.
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.
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MUNDER CAPITAL MANAGEMENT | |||
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By: |
/s/ Xxxxxxx X. Xxxxxxxxxxx |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Xxxxxxx X. Xxxxxxxxxxx |
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Xxxxx X. Xxxxxxx |
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Vice President, Secretary, CLO & CCO |
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Managing Director, Chief Financial Officer |
Dated: September 6, 2013
SCHEDULE A
To the Expense Limitation Agreement
Expense Limits
Effective Through October 31, 2014: MCM shall waive a portion of the fee payable under the Combined Investment Advisory Agreement between MST and MCM dated December 29, 2006, as amended, with respect to the Munder International Small-Cap Fund so that such Fund shall pay MCM a fee of 0.90% on all assets through October 31, 2014.
Expense payments and Service Agreement fee waivers made by MCM under this Agreement shall be made in an amount sufficient to maintain the specified Operating Expense Ratio for each class as follows:
Bond Fund
|
Class A |
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0.85 |
% |
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Class B |
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1.60 |
% |
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Class C |
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1.60 |
% |
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Class K |
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0.85 |
% |
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Class Y |
|
0.60 |
% |
Emerging Markets Small-Cap Fund
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Class A |
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1.73 |
% |
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Class Y |
|
1.48 |
% |
Integrity Mid-Cap Value Fund
|
Class A |
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1.50 |
% |
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Class Y |
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1.25 |
% |
International Small-Cap Fund
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Class A |
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1.35 |
% |
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Class C |
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2.10 |
% |
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Class R6 |
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1.10 |
% |
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Class Y |
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1.10 |
% |
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Class I |
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0.95 |
% |
Integrity Small/Mid-Cap Value Fund
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Class A |
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1.50 |
% |
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Class Y |
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1.25 |
% |
Veracity Small-Cap Value Fund
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Class A |
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1.50 |
% |
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Class B |
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2.25 |
% |
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Class C |
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2.25 |
% |
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Class K |
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1.50 |
% |
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Class R |
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1.75 |
% |
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Class R6 |
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1.25 |
% |
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Class Y |
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1.25 |
% |
Effective Through October 31, 2015: Expense payments and Service Agreement fee waivers made by MCM under this Agreement shall be made in an amount sufficient to maintain the specified Operating Expense Ratio for each class as follows:
International Fund-Core Equity
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Class A |
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1.47 |
% |
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Class C |
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2.22 |
% |
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Class Y |
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1.22 |
% |
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Class I |
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0.96 |
% |
