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Index 500 Fund Total Returns (%) as of 01/31/12Risks
- - - - - Cumulative - - - - -
- - - - - Annualized - - - - -
Class
1 month
3 month
YTD
1 year
3 year
5 year
10 year
SI
Inception Date
A With load
1.85
2.51
1.85
0.91
17.63
-0.74
2.65
7.28
12/09/92
A Without load
4.49
5.15
4.49
3.49
18.62
-0.23
2.90
7.43
12/09/92
B^
With load
1.43
2.30
1.43
0.44
17.72
-0.68
2.68
6.29
10/31/95
B^
Without load
4.43
5.04
4.43
3.12
18.20
-0.56
2.68
6.29
10/31/95
R Without load
4.43
5.05
4.43
3.13
18.19
-0.57
N/A
3.57
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 and R shares gross expense ratios for the fiscal year ended June 30, 2010 were 0.82%, 1.57%, and 1.07%, respectively, and the net expense ratios were 0.72% for Class A shares and 1.07% for Class B shares. 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 the Fund's class A and B shares during the calendar years from their inceptions through 2000. The Fund's distributor has also limited certain expenses for Class A since February 1, 2008 and Class B shares since inception. Total returns would have been lower if the Advisor and distributor had not limited expenses during those periods. Distributor expense limitations are voluntary and may be terminated at any time.
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 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.
Index 500 Fund Total Returns (%) as of 12/31/11Risks
- - - - - Cumulative - - - - -
- - - - - Annualized - - - - -
Class
1 month
3 month
YTD
1 year
3 year
5 year
10 year
SI
Inception Date
A With load
-1.60
8.80
-1.14
-1.14
12.59
-1.32
2.04
7.07
12/09/92
A Without load
0.94
11.60
1.39
1.39
13.54
-0.82
2.30
7.21
12/09/92
B^
With load
-1.69
8.57
-1.59
-1.59
12.61
-1.26
2.07
6.03
10/31/95
B^
Without load
0.95
11.49
1.04
1.04
13.14
-1.14
2.07
6.03
10/31/95
R Without load
0.95
11.50
1.04
1.04
13.13
-1.14
N/A
3.01
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 and R shares gross expense ratios for the fiscal year ended June 30, 2010 were 0.82%, 1.57%, and 1.07%, respectively, and the net expense ratios were 0.72% for Class A shares and 1.07% for Class B shares. 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 the Fund's class A and B shares during the calendar years from their inceptions through 2000. The Fund's distributor has also limited certain expenses for Class A since February 1, 2008 and Class B shares since inception. Total returns would have been lower if the Advisor and distributor had not limited expenses during those periods. Distributor expense limitations are voluntary and may be terminated at any time.
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 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.
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 Equity securities (stocks) are more volatile and carry more risk, but generally have provided 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.
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.
*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 market instruments 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.
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 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 earned a positive double-digit return for the quarter ended December 31, 2011. All ten of the S&P 500® sectors were in positive territory, with the highest performance coming from the energy, industrials and materials sectors. The weakest sectors, although still in high single digits, included telecommunication services and utilities.
For 2011 as a whole, the S&P 500® Index also posted a positive return but in the low single digits. The three weakest sectors, all with negative returns, included financials, materials and industrials. Among the seven sectors with positive returns, the utilities, consumer staples and health care sectors showed the greatest strength, all earning double-digit returns.
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
Investment Team
David J. Jones
Joined Munder Capital Management in 2002
Focus:
Eric R. Lessnau
Portfolio Manager, World Asset Management
BS from Central Michigan University
MSF from Walsh College
Years of Experience:8
Focus:Responsible for the day-to-day management of investment accounts. Member of World Asset Management's Domestic Equity Index team. Serves on the portfolio management team for the Munder Index 500 Fund.
Munder Funds distributed by Funds Distributor, LLC.
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 Equity securities (stocks) are more volatile and carry more risk, but generally have provided 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.
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.
*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 market instruments 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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