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, 2008 were 1.32%, 2.07%, 2.07% and 1.57%, respectively. The Fund publishes Semi-Annual and Annual Reports each February and August, which contain updated expense ratio information. 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, including International Funds, 4% on Income Funds, and 2.5% on the Index 500 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%. The Index 500 Fund has a CDSC on redemption 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 have no front-end sales charge, but have a 1.0% CDSC on redemptions made within one year of purchase. Class II Shares had a maximum sales charge of 1.0%. Class II Shares also had a 1.0% Contingent Deferred Sales Charge (CDSC) on redemptions made within eighteen months of purchase. Class II shares were converted and/or reclassified as Class C shares as of the close of business on 10/31/03.
Class R Shares are not subject to sales charges. This class of shares is only available for purchase by limited types of investors as outlined in the Fund's prospectus. Different sales charges affect performance.
There were no buy transactions for the month of April 2009
There were no sell transactions for the month of April 2009
Sector Diversification as of 05/31/2009
% of Holding
Consumer Discretionary
14.9
Consumer Staples
4.0
Energy
9.0
Financials
14.7
Funds/ETFs
3.8
Health Care
9.9
Industrials
13.2
Information Technology
15.7
Materials
4.6
Telecommunication Services
2.1
Utilities
7.4
Cash & Equivalents
0.7
Total
100.0
Quarterly Commentary as of 03/31/09 For roughly the first two months of the quarter and into early March, the S&P MidCap 400® Index declined nearly 25%, in sympathy with the broader U.S. stock market. Starting in early March, however, the market rebounded by more than 25% (although selling off slightly at the end of the month) and finished the quarter down 8.7%. While the Munder Mid-Cap Core Growth Fund was down in absolute terms, it outperformed its S&P MidCap 400® benchmark for the quarter ended March 31, 2009.
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.
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.
1A weighted median market cap is calculated by arranging companies in a portfolio, along with their weight (the percentage of market value that each company represents in the portfolio as a whole), from the highest to lowest capitalization. The weights are then summed until 50% of the portfolio's weighted market cap is reached. The purpose of the weighted median is to reduce the influence of outliers on the market cap calculation.
The purchase and sale information provided should not be considered as a recommendation to purchase or sell a particular security and there is no assurance that the securities purchased remain in the Fund's portfolio or that securities sold have not been repurchased. Additionally, the securities purchased may not represent the Fund's entire portfolio and in the aggregate may represent a small percentage of the Fund's portfolio. The percentage data following the name of each security purchased indicates the percentage of total portfolio holdings this issue represents as of the date indicated.
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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