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.
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, 2010 were 1.35%, 2.10%, 2.10% and 1.60%, 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 September 2011
There were no sell transactions for the month of September 2011
Sector Diversification as of 10/31/2011
% of Holding
Consumer Discretionary
18.9
Consumer Staples
5.8
Energy
9.9
Financials
17.0
Funds/ETFs
0.2
Health Care
11.1
Industrials
8.0
Information Technology
15.1
Materials
5.6
Telecommunication Services
1.7
Utilities
6.5
Cash & Equivalents
0.2
Total
100.0
Quarterly Commentary as of 09/30/11 After an impressive rally during the twelve months ended June 30, 2011, in which the Russell Midcap® Index gained over 38%, the stock market finally succumbed to the long list of negative news that investors had seemed to ignore over the past several months. After peaking in early July, the Russell Midcap® Index declined over 19% for the quarter ended September 30, approaching bear market territory. During the quarter, on-going concerns that included the Federal budget deficit, the weak housing...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 portfolio holding information provided should not be considered as a recommendation to purchase or sell a particular security. There is no assurance that the securities mentioned remain in the Fund's portfolio or that securities sold have not been repurchased.
Portfolio characteristics are derived from a data source that may not provide information on every security in the portfolio. Such securities are excluded from the characteristics calculations and may affect the figures presented.
*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.
^Closed to all investors.
Munder Funds distributed by Funds Distributor, LLC.
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