Munder Capital

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Seeks long-term capital appreciation by investing primarily in mid-cap companies with market capitalizations within the range of companies included in the S&P MidCap 400® Index, or within the range of companies included in the Russell Midcap® Index.

	A	B	C	R
Ticker	MGOAX	MGROX	MGOTX	MMSRX
CUSIP	626124283	626124275	626124267	626127302
WSJ Symbol	MdCpCGroA	N/A	N/A	N/A
Fund Code	232	332	732	832
Inception Date	07/03/00	07/05/00	07/14/00	07/29/04
Minimum Initial/ IRA** Investment:	$2,500/500; $50 subsequent/automatic
includes 403(b)s, UGMA, UTMA Learn more**

	As of 09/08/10	A	B	C	R
	NAV	23.57	21.98	22.03	23.32
	Chg. $	0.16	0.14	0.15	0.15
	Chg. %	0.68	0.64	0.69	0.65
	POP	24.94	21.98	22.03	23.32
	YTD % @ NAV	5.79	5.22	5.26	5.57
	52 Wk High Date	25.31 04/23/10	23.67 04/23/10	23.72 04/23/10	25.07 04/23/10
	52 Wk Low Date	20.45 09/09/09	19.19 10/02/09	19.23 10/02/09	20.27 10/02/09
Download Historical NAV/POP

Portfolio Data as of 07/31/2010
Total Net Assets*	$3,935,336,259
Number of Holdings	93
Weighted Average Market Cap	$5,062 MM
P/E Ratio - Last 12 Mos	21.19
Earnings Growth - Last 5 Yrs	13.3%
Earnings Growth - Last 12 Mos.	18.2%
Beta	0.92
Turnover - as of 6/30/2010	51.6%

Asset Allocation as of 07/31/2010
Cash & Equivalents	0.5 %
Equity	99.5 %
Total	100.0 %


Monthly \| Quarterly		Load \| without Load \| Risks

		A	B	C	R
Cumulative Total Returns (%) as of 08/31/10
	1 month	-3.73	-3.81	-3.80	-3.77
	3 month	-1.62	-1.83	-1.82	-1.72
	YTD	0.85	0.34	0.33	0.63

Average Annual Total Returns (%) as of 08/31/10
	1 year	12.42	11.61	11.58	12.10
	3 year	-7.35	-8.04	-8.04	-7.59
	5 year	0.73	-0.03	-0.03	0.48
	10 year	4.32	3.69	3.55	N/A
	Since Inception	5.02	4.44	3.69	4.49
	Inception Date	07/03/00	07/05/00	07/14/00	07/29/04

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor's shares, when redeemed may be worth more or less than the original cost.

The recent growth rate in the stock market has helped produce short-term returns for some asset classes that are not typical and may not continue in the future. Because of ongoing market volatility, Fund performance may be subject to substantial short-term changes.

As identified in the current Fund prospectus, the Class A, B, C and R gross expense ratios for the fiscal year ended June 30, 2009 were 1.36%, 2.11%, 2.11% and 1.61%, respectively. The Fund publishes Semi-Annual and Annual Reports each February and August, which contain updated expense ratio information. In periods of market volatility, Fund assets may decline significantly, causing a Fund’s gross expense ratio to become higher than the gross expense ratio shown in the current prospectus. The Advisor limited certain expenses of Class A, B and C shares of the Mid-Cap Core Growth Fund during the 2000-2001 calendar years. Total returns would have been lower if the Advisor had not limited expenses during those periods.

Class A Shares have a maximum sales charge of 5.5% on Equity Funds (excluding the Index 500 Fund), 2.5% on the Index 500 Fund, 4% on the Bond Fund, and 2% on the Tax-Free Short & Intermediate Bond Fund.

Class B Shares of all Funds except the Index 500 Fund have a Contingent Deferred Sales Charge (CDSC) on redemptions made within six years of purchase as follows: Year 1 = 5.0%, Year 2 = 4.0%, Year 3 = 3.0%, Year 4 = 3.0%, Year 5 = 2.0%, Year 6 = 1.0%. Class B Shares of the Index 500 Fund have a CDSC on redemptions made within six years of purchase as follows: Year 1 = 3.0%, Year 2 = 2.50%, Year 3 = 2.0%, Year 4 = 1.5%, Year 5 = 1.0%, Year 6 = 0.5%.

Class C Shares of all Funds have a 1.0% Contingent Deferred Sales Charge (CDSC) on redemptions made within one year of purchase.

Class R Shares are not subject to sales charges. Class R Shares are only available for purchase by limited types of investors, as outlined in the Fund’s prospectus.

Different sales charges affect performance and yields.

Top Holdings as of 07/31/2010

Symbol	Company Name

AMT	American Tower Corp.
BWA	BorgWarner, Inc.
CTSH	Cognizant Technology Solutions Corporation
CLB	Core Laboratories N.V.
CCK	Crown Holdings Inc
DLR	Digital Realty Trust, Inc.
IHS	IHS, Inc.
LKQX	LKQ Corp.
MAC	Macerich Co.
RMD	ResMed, Inc.

Total Percentage of Top Holdings: 16.9

Link to All Holdings as of 7/31/2010 Historical All Holdings


There were no buy transactions for the month of July 2010

There were no sell transactions for the month of July 2010

Sector Diversification as of 07/31/2010	% of Holding
Consumer Discretionary	16.6
Consumer Staples	3.4
Energy	8.0
Financials	19.5
Funds/ETFs	0.8
Health Care	9.2
Industrials	12.0
Information Technology	16.3
Materials	5.2
Telecommunication Services	2.4
Utilities	6.1
Cash & Equivalents	0.5
Total	100.0

Quarterly Commentary as of 06/30/10
Although the second quarter of 2010 started out on a strong note, after reaching a high on April 23, the stock market sold off sharply due to renewed concerns over weak domestic economic growth and turmoil in some European markets. Reflecting the negative tone of the stock market, both the Munder Mid-Cap Core Growth Fund and its S&P MidCap 400® benchmark had negative performance for the quarter. However, the Fund exceeded its benchmark by over two percentage points for the second quarter and...more

Munder Capital employs a team approach to the management of each of its equity disciplines. Each team, drawing on internal and external resources, is responsible for the primary research used in its decision-making process. Interaction among teams results in the leveraging of research efforts across the organization.

Performance information for Class C Shares for periods prior to 10/31/03 is for Class II Shares, and reflects the fees and expenses of the Class II Shares prior to that date. Class II Shares were converted and/or reclassified as Class C Shares as of the close of business 10/31/03.

An investor should consider the Fund's investment objectives, risks, and charges and expenses carefully before sending money. The prospectus and summary prospectus contain this and other important information about the investment company. To obtain a prospectus and summary prospectus, please click here. Please read the prospectus and summary prospectuses carefully before investing.

RISKS
Smaller and medium-sized company stocks are more volatile and less liquid than larger more established company securities. This Fund may invest up to 25% of its assets in foreign securities, which involve additional risks due to currency fluctuations, economic and political conditions, and differences in financial reporting standards.

The information and opinions provided are for general information only, are subject to change without notice and are not intended as a recommendation to purchase or sell any security. The Munder Family of Funds and Munder Capital Management do not guarantee the accuracy or completeness, nor assume liability for any loss, which may result from the reliance by any person upon any such information or opinions.

*Total net asset figures do not reflect adjustments, if any, made for financial reporting purposes. Percentages shown for Asset Allocation, Top Ten Holdings and Sector Diversification represent the breakdown of investments and are not based on net assets. Portfolio holdings will change and should not be considered purchase recommendations. Top holdings do not reflect cash, money markets or options/futures contracts holdings.

Fund shares are not guaranteed or insured by any bank, the FDIC or any government agency, and may lose value.

The percentages shown are rounded to the nearest tenth of one percent.

N/A - Fund class was not in operation for that time period.

^Open to limited investors only.

Munder Funds distributed by Funds Distributor, LLC.

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