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| September 30, 2011 |
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The Munder Index 500 Fund continued to achieve its objective of closely tracking the total return of the S&P 500® Index during the third quarter of 2011. The weight of each of the 500 holdings in the Fund relative to its weight in the S&P 500® Index is monitored closely. Cash flows are invested promptly to help reduce their impact on the Fund’s return.
Utilities, considered to be one of the most defensive sectors, was the only one of the ten S&P 500® sectors to earn a positive return for the quarter. Consumer staples, another defensive sector, posted a negative return, but showed relative strength, besting eight of the Index’s ten sectors. The weakest sectors of the Index for the quarter included materials, financials and industrials, all of which had returns below -20%. Both materials and industrials are closely tied to economic growth. |
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| June 30, 2011 |
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The Munder Index 500 Fund continued to achieve its objective of closely tracking the total return of the S&P 500® Index during the second quarter of 2011. The weight of each of the 500 holdings in the Fund relative to its weight in the S&P 500® Index is monitored closely. Cash flows are invested promptly to help reduce their impact on the Fund’s return.
The S&P 500® Index posted a slightly positive return for the second quarter of 2011, with five of its ten economic sectors ending the quarter in positive territory and five posting a negative return. Included among the strongest sectors were health care, utilities and consumer staples, which are considered relatively defensive sectors. The weakest performance came from the financials, energy and information technology sectors. |
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| March 31, 2011 |
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The Munder Index 500 Fund continued to achieve its objective of closely tracking the total return of the S&P 500® Index during the fourth quarter of 2010. The weight of each of the 500 holdings in the Fund relative to its weight in the S&P 500® Index is monitored closely. Cash flows are invested promptly to help reduce their impact on the Fund’s return.
While all ten sectors of the S&P 500® Index had a positive return for the quarter, energy was by far the strongest sector and the only sector to post a double-digit return. Strong demand for energy and rising energy prices contributed to the strength of the sector. The industrials sector also had strong performance, with a return in the high single-digits. The sectors with the lowest, but still positive returns, included utilities and consumer staples. |
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Past performance does not guarantee future results. There can be no guarantee that any strategy (risk management or otherwise) will be successful. All investing involves risk, including potential loss of principal. The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the Fund. To obtain a prospectus and summary prospectus, click here. Read the prospectus and summary prospectuses carefully before investing.
RISKS: Equity securities (stocks) are more volatile and carry more risk, but generally provide greater return potential, than investments in certain other securities, like high-grade fixed income securities. Large-cap stocks generally have less volatility than smaller-cap and certain specialty securities, such as technology investments. Because the Fund’s goal is to invest in securities included in an index without regard to market trends, it may be particularly susceptible to a general decline in the market represented by that index.
Fund holdings mentioned in the Quarterly Commentary are as of 12.31.11 and the percentages shown are based on net assets as of that date. Fund holdings are subject to change and should not be considered purchase recommendations. There is no assurance that the securities mentioned remain in the Fund’s portfolio or that securities sold have not been repurchased. The most currently available data regarding portfolio holdings can be found on our website, www.munder.com.
The S&P 500® Index is a widely recognized capitalization-weighted index that measures the performance of the large-capitalization sector of the U.S. stock market. You cannot invest directly in an index, securities in the Fund may not match those in the index, and performance of the Fund will differ. Although reinvestment of dividend and interest payments is assumed, no expenses are netted against an index’s returns.
Munder Funds are distributed by Funds Distributor, LLC 01.12
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| Munder Funds distributed by Funds Distributor, LLC. |
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