|
Overall Morningstar
Rating™ |
| What is this? |
 |
 |
| As of 2009-10-31 |
|
Out of
Muni National Short Funds |
|
| Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance. |
|
|
|
Morningstar®
Style Box™ |
| What is this? |
|
 |
|
Avg Duration |
|
|
3.70 Yrs
|
|
|
|
Avg Credit Quality |
|
|
AA |
|
| As of
2009-09-30 |
|
|
| Day Change |
| $ 0.01 |
|
|
| NAV (2009-11-20) |
| $ 10.58 |
|
|
| YTD Return % (2009-11-20) |
| 4.94% |
|
|
| Total Assets ($ mil) |
| 75 |
|
| Growth of $10,000 |
 |
Fund: |
Munder Tax-Free Short-Interm Bond A LW |
| (from
1999-01-01
to 2009-10-31) |
 |
Category: |
Muni National Short |
|
 |
Index: |
Barcap Municipal! |
| Total Annualized Returns % |
1yr, 3yr and 5yr Returns as of 2009-11-20 |
| Inception date: 1992-11-30 |
10yr and Inception Returns as of 2009-10-31 |
|
YTD Returns as of 2009-11-20 |
|
|
YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
| Fund |
4.94 |
6.44 |
4.60 |
3.36 |
3.73 |
3.91 |
| +/- Category |
0.14 |
1.09 |
1.55 |
0.73 |
0.25 |
--- |
| +/- Barcap Municipal! |
--- |
--- |
--- |
--- |
--- |
--- |
|
|
| Standardized Annual Returns % more on standardized returns |
| Quarter-End (as of
2009-09-30) |
4.98 |
9.08 |
4.74 |
3.34 |
3.82 |
4.00 |
| Month-End (as of 2009-10-31) |
3.85 |
7.75 |
4.27 |
3.05 |
3.73 |
3.91 |
|
|
| After Tax Returns % (as of
2009-09-30
)
|
| On Distribution |
--- |
7.73 |
4.24 |
3.03 |
3.69 |
--- |
| On Distribution & Sale of Shares |
--- |
6.09 |
4.06 |
3.01 |
3.64 |
--- |
|
|
| Morningstar Rating |
--- |
--- |
 |
 |
|
--- |
|
| # of compared funds covered (3 yrs : out of 123 funds), (5 yrs : out of 117 funds), (10 yrs : out of 64 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is
none,
the maximum deferred sales fee is
none,
and the maximum redemption sales fee is
none. |
|
| The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein. |
|
|
|
|
| Sector Breakdown % |
|
| General Obligations |
47.84 |
| Advance Refunded |
7.34 |
| State Appropriated Tobacco |
---
|
| Non-state Appropriated Tobacco |
---
|
| Education |
---
|
| Health |
---
|
| Housing |
---
|
| Industrial |
---
|
| Transportation |
9.49 |
| Utilities |
---
|
| Water/Sewer |
30.03 |
| Misc. Revenue |
5.31 |
|
| Bond Quality |
% of Bonds |
| AAA |
44.9 |
| AA |
48.3 |
| A |
2.2 |
| BBB |
1.8 |
| BB |
0.0 |
| B |
0.0 |
| Below B |
0.0 |
| Not Rated |
2.8 |
|
|
|
|
|
| |
|
|
| Asset Allocation |
|
 |
|
| % of Net Assets |
 |
Cash |
3.4 |
 |
Stocks |
0.0 |
|
Bonds |
96.6 |
 |
Other |
0.0 |
|
|
|
Foreign Stocks |
0.0 |
|
(as a % of Assets) |
|
|
| Data through 2009-09-30 |
Data through 2009-09-30 |
 |
| Holding Status |
|
| Total Number of Stock Holdings |
|
|
Turnover % |
22 |
| Total Number of Bond Holdings |
54 |
|
30 Day SEC Yield % |
3.28 |
| % of Assets in Top 10 Holdings |
31.87 |
|
ending as of
2009-09-30 |
|
|
|
|
View Data Definitions |
| Top 10 Holdings |
Maturity
Date |
Amount
$000 |
Value
$000 |
% of Net
Assets |
|
|
|
|
|
|
|
Lancaster Tex Indpt Sch Dist 5.75% |
2034-02-15 |
2,000 |
2,349 |
3.33 |
|
San Joaquin Hills Calif Transn Sr Lien T |
2014-01-01 |
2,500 |
2,294 |
3.25 |
|
Golden St Tob Securitization C As 5.625% |
2038-06-01 |
2,000 |
2,289 |
3.24 |
|
San Jose Evergreen Calif Cmnty G.O. B 5% |
2024-09-01 |
2,000 |
2,288 |
3.24 |
|
New York N Y Go Bds 5% |
2015-08-01 |
2,000 |
2,280 |
3.23 |
|
 |
|
Waco Tex Ctfs Obli 5% |
2014-02-01 |
2,000 |
2,238 |
3.17 |
|
Las Vegas Valley Nev Wtr Dist 5% |
2015-06-01 |
2,000 |
2,229 |
3.15 |
|
Jefferson Cnty Ala Swr Rev Swr Re 5.125% |
2042-02-01 |
2,000 |
2,201 |
3.12 |
|
Metropolitan Council Minn Minn G.O. 4.1% |
2011-02-01 |
2,175 |
2,198 |
3.11 |
|
Hawaii St G O Bds 5.25% |
2013-09-01 |
1,875 |
2,141 |
3.03 |
|
|
 |
Data through 2009-09-30 |
|
|
| Fund Inception: 1992-11-30 |
|
Portfolio Manager (Start Date) |
|
|
|
|
|
Roger A. Soderstrom (1999-08-01) |
|
|
|
Soderstrom is a senior portfolio manager at Munder Capital Management. Prior to joining MCM in 1997, he had managed the core fixed income portfolio at Foremost Corporation of America since 1987.His other responsibilities include overseeing the trading of tax-exempt fixed income securities and managing taxable client portfolios. He is a member of MCMs insurance asset management group. |
|
|
|
|
|
Adam C. Thayer (2003-12-30) |
|
|
|
Thayer is assistant portfolio manager with Munder Capital Management. Since joining MCM in 2000, he has assisted in trading and managing fixed income securities for tax-exempt trust accounts as well as taxable client portfolios.
Thayer holds the Charted Financial Analyst designation. |
|
|
|
|
Sales Charge %
(taken from prospectus dated 2009-10-31) |
| Front: |
None |
| Deferred: |
None |
|
| Expense Ratio % |
1.24 |
based on net assets
(taken from annual report dated 2008-06-30)
|
|
| Correspondence Information |
480 Pierce Street
Birmingham,
MI
48009
United States |
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