SCHEDULE A To the Administration Agreement by and among The Munder Funds and Munder Capital Management FUNDS, FEES & EXPENSES
Dated: April
23, 2010
SCHEDULE
A
To
the Administration Agreement by and among
The
Munder Funds and Munder Capital Management
FUNDS,
FEES & EXPENSES
|
Funds
|
|
Munder Asset Allocation
Fund-Balanced
|
|
Munder Bond
Fund
|
|
Munder Energy
Fund
|
|
Munder Growth Opportunities
Fund
|
|
Munder Index 500
Fund
|
|
Munder International Equity
Fund
|
|
Munder International Fund-Core
Equity
|
|
Munder International Small-Cap
Fund
|
|
Munder Large-Cap Growth
Fund
|
|
Munder Large-Cap Value
Fund
|
|
Munder Micro-Cap Equity
Fund
|
|
Munder Mid-Cap Core Growth
Fund
|
|
Munder Small-Cap Value
Fund
|
|
Munder Tax-Free Short &
Intermediate Bond Fund
|
|
Munder Healthcare
Fund
|
A-1
Fees
The
following fee schedule is effective as of April 1, 2008
I. Standard
Basis Point Fees
ANNUAL
FEES – Each fund will pay the greater of the fund basis point fee or the fund
minimum fee.
|
First
$100 Million of a Fund’s Net Assets
|
15.3
Basis Points
|
|
Next
$150 Million of a Fund’s Net Assets
|
12.8
Basis Points
|
|
Next
$250 Million of a Fund’s Net Assets
|
10.4
Basis Points
|
|
Next
$500 Million of a Fund’s Net Assets
|
7.9
Basis Points
|
|
Thereafter
|
5.5
Basis Points
|
|
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”).
A-2
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:
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BY:
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||||
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Name:
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Xxxxxxx
X. Xxxxxxxxxxx
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Name:
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Xxxxx
X. Xxxxxxx
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||
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Title:
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Vice
President, Secretary & CCO
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Title:
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Managing
Director, Chief Financial Officer
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A-3
