SCHEDULE A To the Administration Agreement by and among The Munder Funds and Munder Capital Management FUNDS, FEES & EXPENSES
Exhibit 99.B(h)(i)(a)
Dated: June 28, 2013
SCHEDULE A
To the Administration Agreement by and among
The Munder Funds and Munder Capital Management
FUNDS, FEES & EXPENSES
Funds
Munder Bond Fund
Munder Emerging Markets Small-Cap Fund
Munder Growth Opportunities Fund
Munder Index 500 Fund
Munder Integrity Mid-Cap Value Fund
Munder Integrity Small/Mid-Cap Value Fund
Munder International Fund-Core Equity
Munder International Small-Cap Fund
Munder Micro-Cap Equity Fund
Munder Mid-Cap Core Growth Fund
Munder Veracity Small-Cap Value Fund
Fees
The following fee schedule is effective as of Xxxxx 0, 0000
X. Standard Basis Point Fees
ANNUAL FEES — Each fund will pay the greater of the fund basis point fee or the fund minimum fee.
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First $100 Million of a Fund’s Net Assets |
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15.3 Basis Points |
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Next $150 Million of a Fund’s Net Assets |
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12.8 Basis Points |
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Next $250 Million of a Fund’s Net Assets |
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10.4 Basis Points |
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Next $500 Million of a Fund’s Net Assets |
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7.9 Basis Points |
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Thereafter |
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5.5 Basis Points |
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Annual Fund Minimum |
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$50,000 plus $6,000 for each active class greater than one. |
The basis point fees are annual charges computed daily and payable monthly based on average daily 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. FAS 157 Reporting Fee
An additional annual fee of $800 will be charged to each Fund in connection with the preparation, review and filing in quarterly portfolio holdings reports on Form N-Q and annual and semi-annual reports on Form N-CSR of disclosure necessary to comply with Statement of Financial Accounting Standards No. 157 (“FAS 157”).
V. 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.
VI. 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.
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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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Name: |
Xxxxxxx X. Xxxxxxxxxxx |
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Name: |
Xxxxx X. Xxxxxxx |
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Title: |
Vice President, Secretary, CLO & CCO |
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Title: |
Managing Director, Chief Financial Officer |
