AMENDMENT NO. 14 to the EXPENSE LIMITATION AGREEMENT
Exhibit 99.(h)(iii)(n)
AMENDMENT NO. 14
to the
This Amendment is made as of March 26, 2013 to the Expense Limitation Agreement dated August 14, 2007 (“Agreement”), as amended, between Munder Series Trust (“MST”) and Munder Capital Management (“MCM”).
WHEREAS, the Munder Large-Cap Value Fund was liquidated on March 25, 2013.
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 March 26, 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: March 26, 2013
SCHEDULE A
To the Expense Limitation Agreement
Expense Limits
Effective Through May 31, 2013:
MCM agrees to 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 May 31, 2013.
Effective Through October 31, 2013:
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
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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 |
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0.60 |
% |
Integrity 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 |
% |
International Small-Cap Fund
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Class A |
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1.71 |
% |
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Class C |
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2.46 |
% |
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Class R6 |
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1.46 |
% |
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Class Y |
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1.46 |
% |
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Class I |
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1.20 |
% |
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 |
% |
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 |
% |
