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.
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.
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.
There were no buy transactions for the month of January 2010
There were no sell transactions for the month of January 2010
Sector Diversification as of 01/31/2010
% of Holding
Consumer Discretionary
15.4
Consumer Staples
4.7
Energy
8.6
Financials
17.8
Funds/ETFs
0.7
Health Care
11.7
Industrials
11.8
Information Technology
15.7
Materials
4.6
Telecommunication Services
2.4
Utilities
6.6
Total
100.0
Quarterly Commentary as of 12/31/09 The Mid-Cap Core Growth Fund performed in line with its S&P MidCap 400® benchmark during the fourth quarter. In the fourth quarter, the investment environment returned to somewhat more normal conditions as lower quality stocks were no longer the leaders they had been during the previous six months. In fact, it was difficult to find patterns that linked the top performers for the quarter.
The sectors of the Fund that had the strongest relative performance for the fourth quarter were...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. This and other important information about the investment company can be found in the Fund's prospectus. To obtain a prospectus, please click here. Please read the prospectus 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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