AMENDMENT NO. 1 to the COMBINED INVESTMENT ADVISORY AGREEMENT
AMENDMENT NO. 1
to the
COMBINED INVESTMENT ADVISORY AGREEMENT
Amendment, as of October 30, 2003, to the Combined Investment Advisory Agreement dated June 13, 2003, (the “Agreement”) among Munder Series Trust (“MST”), on behalf of each of its series, The Munder Funds, Inc. (“MFI”) 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, MFI and MFFT wish to document recent changes and to update Schedule A and Schedule B2 to the Agreement, as reflected below;
WHEREAS, as of October 30, 2003, pursuant to an Agreement and Plan of Reorganization and Redomiciliation (the “Reorganization Plan”) by and between MFI and MST, dated as of August 12, 2003, MFI reorganized each of its Munder Future Technology Fund, Munder Micro-Cap Equity Fund, Munder NetNet Fund and Munder Power Plus Fund portfolios (each, a “Portfolio”) into corresponding series of MST (each, a “New Portfolio”);
WHEREAS, under the Reorganization Plan, the assets of each Portfolio were acquired by its corresponding New Portfolio, and each New Portfolio assumed all responsibilities and liabilities of the corresponding Portfolio;
NOW THEREFORE, in consideration of the promises and covenants contained herein, the Advisor, MST, MFI and MFFT agree to amend the Agreement as follows:
1. | This Agreement is hereby terminated in its entirety with respect to the Munder U.S. Treasury Money Market Fund as of August 18, 2003. Schedule B2 to the Agreement is hereby replaced with the attached Schedule B2 effective as of August 18, 2003. |
2. | MST hereby requests the Advisor, under Sections 1 and 10 of the Agreement, and the Advisor agrees to render services for each of the New Portfolios listed below, as of the dates noted, and to terminate the Agreement with respect to the corresponding Portfolios of MFI as of the same date: |
Name of Portfolio |
Formerly a Series of: |
Effective Date: | ||||
x. |
Xxxxxx Future Technology Fund |
MFI | October 30, 2003 | |||
x. |
Xxxxxx Micro-Cap Equity Fund |
MFI | October 30, 2003 | |||
x. |
Xxxxxx NetNet Fund |
MFI | October 30, 2003 | |||
x. |
Xxxxxx Power Plus Fund |
MFI | October 30, 2003 |
3. | This Agreement is hereby terminated in its entirety with respect to with respect to MFI as of the close of business on October 30, 2003. Schedule A to the Agreement is hereby replaced with the attached Schedule A effective as of October 30, 2003. |
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 FUNDS, INC. | ||
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 |
2
SCHEDULE A
As of October 30, 2003
|
||
Liquidity Money Market Fund |
||
Munder Balanced Fund |
||
Munder Bond Fund |
||
Munder Cash Investment Fund |
||
Munder Emerging Markets Fund |
||
Munder Future Technology Fund |
||
Munder Institutional Government Money Market Fund |
||
Munder Institutional Money Market Fund |
||
Munder Intermediate Bond Fund |
||
Munder International Bond Fund |
||
Munder International Growth Fund |
||
Munder Large-Cap Value Fund |
||
Munder Michigan Tax-Free Bond Fund |
||
Munder Micro-Cap Equity Fund |
||
Munder MidCap Select Fund |
||
Munder Multi-Season Growth Fund |
||
Munder NetNet Fund |
||
Munder Power Plus Fund |
||
Munder Real Estate Equity Investment Fund |
||
Munder Small Company Growth Fund |
||
Munder Small-Cap Value Fund |
||
Munder Tax-Free Bond Fund |
||
Munder Tax-Free Money Market Fund |
||
Munder Tax-Free Short & Intermediate Bond Fund |
||
Munder U.S. Government Income Fund |
||
The Munder Framlington Funds Trust |
||
Munder Healthcare Fund |
A-1
SCHEDULE B2
As of August 18, 2003
Annual Fees (as a Percentage of Daily Net Assets) | ||
Liquidity Money Market Fund |
0.35% | |
Munder Balanced Fund |
0.65% | |
Munder Bond Fund |
0.50% | |
Munder Cash Investment Fund |
0.35% | |
Munder Emerging Markets Fund |
1.25% | |
Munder Institutional Government Money Market Fund |
0.20% | |
Munder Institutional Money Market Fund |
0.20% | |
Munder Intermediate Bond Fund |
0.50% | |
Munder International Bond Fund |
0.50% | |
Munder International Growth Fund |
1.00% of net assets up to $250 million; plus 0.75% of net assets of $250 million or more | |
Munder Large-Cap Value Fund |
0.75% | |
Munder Michigan Tax-Free Bond Fund |
0.50% | |
Munder MidCap Select Fund |
0.75% | |
Munder Multi-Season Growth Fund |
0.75% | |
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% | |
Munder Tax-Free Money Market Fund |
0.35% | |
Munder Tax-Free Short & Intermediate Bond Fund |
0.50% | |
Munder U.S. Government Income Fund |
0.50% |
B2-1