AMENDMENT NO. 3 to the COMBINED INVESTMENT ADVISORY AGREEMENT
AMENDMENT NO. 3
to the
COMBINED INVESTMENT ADVISORY AGREEMENT
Amendment, as of August 10, 2004, to the Combined Investment Advisory Agreement dated June 13, 2003, (the “Agreement”) among Munder Series Trust (“MST”), 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 and MFFT wish to document recent changes and to update Schedule B1 and Schedule B2 to the Agreement, as reflected below;
WHEREAS, as of August 10, 2004, the Board of Trustees of MST approved new breakpoint advisory fee structures for Munder Bond Fund, Munder Emerging Markets Fund, Munder Large-Cap Value Fund, Munder Tax-Free Bond Fund, Munder Tax-Free Short & Intermediate Bond Fund and Munder U.S. Government Income Fund;
NOW THEREFORE, in consideration of the promises and covenants contained herein, the Advisor, MST and MFFT agree to amend the Agreement as follows:
| 1. | Schedule B1 and Schedule B2 to the Agreement are hereby replaced with the attached Schedule B1 and Schedule B2 effective as of August 10, 2004. |
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 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 B1
As of August 10, 2004
| Annual Fees (as a Percentage of Average Daily Net Assets) | ||
| Munder Future Technology Fund |
1.00% of the first $300,000,000 of average daily net assets; 0.90% of average daily net assets from $300,000,001 to $1 billion; and 0.80% of average daily net assets in excess of $1 billion | |
| Munder Healthcare Fund |
1.00% of average daily net assets up to $250 million; plus 0.75% of average daily net assets of $250 million or more | |
| Munder Micro-Cap Equity Fund |
1.00% | |
| Munder NetNet Fund |
1.00% of the first $1 billion of average daily net assets; and 0.90% of average daily net assets in excess of $1 billion | |
| Munder Power Plus Fund |
0.75% |
B1-1
SCHEDULE B2
As of August 10, 2004
| Annual Fees (as a Percentage of Average Daily Net Assets) | ||
| Liquidity Money Market Fund |
0.35% | |
| Munder Balanced Fund |
0.65% | |
| Munder Bond Fund |
0.50% of the first $1 billion of average daily net assets; and 0.45% of average daily net assets in excess of $1 billion | |
| Munder Cash Investment Fund |
0.35% | |
| Munder Emerging Markets Fund |
1.15% | |
| Munder Institutional Government Money Market Fund |
0.20% | |
| Munder Institutional Money Market Fund |
0.20% | |
| Munder Intermediate Bond Fund |
0.50% of the first $1 billion of average daily net assets; and 0.45% of average daily net assets in excess of $1 billion | |
| Munder International Bond Fund |
0.50% | |
| Munder International Growth Fund |
1.00% of average daily net assets up to $250 million; plus 0.75% of average daily net assets of $250 million or more | |
| Munder Large-Cap Value Fund |
0.75% of the first $100 million of average daily net assets; and 0.70% of average daily net assets in excess of $100 million | |
| Munder Michigan Tax-Free Bond Fund |
0.50% | |
| Munder MidCap Select Fund |
0.75% | |
| Munder Multi-Season Growth Fund |
0.75% of the first $1 billion of average daily net assets; 0.725% of average daily net assets from $1 billion to $2 billion; and 0.70% of average daily net assets in excess of $2 billion | |
| 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% of the first $1 billion of average daily net assets; and 0.45% of average daily net assets in excess of $1 billion | |
| Munder Tax-Free Money Market Fund |
0.35% | |
| Munder Tax-Free Short & Intermediate Bond Fund |
0.50% of the first $200 million of average daily net assets; and 0.40% of average daily net assets in excess of $200 million | |
| Munder U.S. Government Income Fund |
0.50% of the first $1 billion of average daily net assets; and 0.45% of average daily net assets in excess of $1 billion |
B2-1
