AMENDMENT NO. 16 to the COMBINED INVESTMENT ADVISORY AGREEMENT
Exhibit 99.B(d)(xxiv)
AMENDMENT NO. 16
to the
COMBINED INVESTMENT ADVISORY AGREEMENT
This Amendment is made as of June 28, 2013 to the Combined Investment Advisory Agreement among Munder Series Trust (“MST”), on behalf of each of its series, and Munder Capital Management (“Advisor”), a Delaware general partnership.
WHEREAS, on May 14, 2013, the Board of Trustees of MST ratified and approved the creation of a new series of MST, the Munder Emerging Markets Small-Cap Fund, and approved the fees payable by such Fund to MCM for investment advisory services; 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:
1. Schedule A of the Agreement is hereby replaced with the attached Schedule B effective as of June 28, 2013.
2. Schedule B of the Agreement is hereby replaced with the attached Schedule B effective as of June 28, 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 |
SCHEDULE A
As of June 28, 2013
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Munder Bond Fund |
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Munder Emerging Markets Small-Cap Fund |
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Munder Growth Opportunities Fund |
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Munder Index 500 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 Micro-Cap Equity Fund |
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Munder Mid-Cap Core Growth Fund |
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Munder Veracity Small-Cap Value Fund |
SCHEDULE B
As of June 28, 2013
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Annual Fees |
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Munder Bond Fund |
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0.40% |
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Munder Emerging Markets Small-Cap Fund |
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1.10% |
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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 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 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 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 Veracity Small-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 |
