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Index 500 Fund Total Returns (%) as of 02/28/10Risks
- - - - - Cumulative - - - - -
- - - - - Annualized - - - - -
Class
1 month
3 month
YTD
1 year
3 year
5 year
10 year
SI
Inception Date
A With load
0.46
-1.33
-3.22
49.43
-6.92
-0.68
-1.14
6.89
12/09/92
A Without load
3.06
1.18
-0.71
53.22
-6.14
-0.18
-0.89
7.04
12/09/92
B^
With load
0.06
-1.84
-3.74
49.68
-6.94
-0.62
-1.11
5.68
10/31/95
B^
Without load
3.06
1.09
-0.76
52.68
-6.43
-0.46
-1.11
5.68
10/31/95
R Without load
3.00
1.09
-0.76
52.64
-6.45
-0.46
N/A
1.29
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.
As identified in the current Fund prospectus, the Class A, B and R shares gross expense ratios for the fiscal year ended June 30, 2009 were 0.82%, 1.56%, and 1.07%, respectively, and the net expense ratios were 0.72% for Class A shares and 0.89% 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 12/31/09Risks
- - - - - Cumulative - - - - -
- - - - - Annualized - - - - -
Class
1 month
3 month
YTD
1 year
3 year
5 year
10 year
SI
Inception Date
A With load
-0.62
3.24
23.08
23.08
-6.90
-0.64
-1.77
7.00
12/09/92
A Without load
1.91
5.87
26.24
26.24
-6.10
-0.13
-1.53
7.16
12/09/92
B^
With load
-1.09
2.77
22.78
22.78
-6.90
-0.57
-1.74
5.80
10/31/95
B^
Without load
1.86
5.77
25.78
25.78
-6.39
-0.41
-1.74
5.80
10/31/95
R Without load
1.86
5.77
25.74
25.74
-6.40
-0.42
N/A
1.48
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.
As identified in the current Fund prospectus, the Class A, B and R shares gross expense ratios for the fiscal year ended June 30, 2009 were 0.82%, 1.56%, and 1.07%, respectively, and the net expense ratios were 0.72% for Class A shares and 0.89% 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. 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 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.
^Open to limited investors only.
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. 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 had a single-digit positive return for the fourth quarter, with nine of its ten sectors generating a positive return. The financials sector was the only sector to post a negative return. With a double-digit return, the information technology sector was the performance leader. Other top-performing sectors included consumer discretionary, health care, materials and utilities.
For 2009 as a whole, the S&P 500® Index had a double-digit positive return, with all ten sectors posting a positive return and eight sectors posting a double-digit positive return. The information technology, materials, consumer discretionary, industrials and health care sectors were among the performance leaders.
Past performance does not guarantee future results. An investor should consider the Fund’s investment objectives, risks, and charges and expenses carefully before investing or 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: 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.
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 01/10
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.
Kevin K. Yousif, CFA
Director, Domestic Investments, World Asset Management
BS in finance from Wayne State University
MBA from University of Detroit Mercy
Years of Experience:12
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 and generally makes final investment decisions for the 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. 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 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.
^Open to limited investors only.
Munder Funds distributed by Funds Distributor, LLC.
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