AMENDMENT NO. 5 to the EXPENSE LIMITATION AGREEMENT
AMENDMENT
NO. 5
to
the
This
Amendment is made as of August 17, 2010 to the Expense Limitation Agreement
dated August 14, 2007 (“Agreement”) between Munder Series Trust (“MST”) and
Munder Capital Management (“MCM”).
WHEREAS,
on August 17, 2010, the Board of Trustees of MST approved the continuation of
the Agreement through October 31, 2011 on behalf of each of the International
Fund-Core Equity, International Small-Cap Fund, Bond Fund and Tax-Free Short
& Intermediate Bond Fund; and
WHEREAS,
MCM agrees to continue through October 31, 2011 waiving advisory or
administration fees and/or paying certain operating expenses for each of the
International Fund-Core Equity, International Small-Cap Fund, Multi-Cap Growth
Fund, Bond Fund and Tax-Free Short & Intermediate Bond Fund in amounts
sufficient to maintain annual fund operating expenses at the levels specified in
the Agreement;
NOW
THEREFORE, in consideration of the promises and covenants contained herein, MST
and MCM agree to amend the Agreement as follows:
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1.
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The
term of the Agreement is hereby extended through October 31,
2011.
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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.
By:
/s/ Xxxxxxx X.
Xxxxxxxxxxx
Xxxxxxx X. Xxxxxxxxxxx
Vice President, Secretary &
CCO
MUNDER
CAPITAL MANAGEMENT
By:
/s/ Xxxxx X.
Xxxxxxx
Xxxxx X. Xxxxxxx
Managing Director, Chief Financial
Officer
Dated: August
17, 2010
SCHEDULE
A
To
the Expense Limitation Agreement
Expense
Limits
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
|
|
Class
A
|
1.61%
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Class
C
|
2.36%
|
Class
Y
|
1.36%
|
Class
I
|
1.10%
|
International
Small-Cap Fund
|
|
Class
A
|
1.71%
|
Class
C
|
2.46%
|
Class
Y
|
1.46%
|
Class
I
|
1.20%
|
Bond
Fund
|
|
Class
A
|
0.65%
|
Class
B
|
1.40%
|
Class
C
|
1.40%
|
Class
K
|
0.65%
|
Class
Y
|
0.40%
|
Tax-Free
Short & Intermediate Bond Fund
|
|
Class
A
|
0.65%
|
Class
B
|
1.40%
|
Class
C
|
1.40%
|
Class
K
|
0.65%
|
Class
Y
|
0.40%
|