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Rating:Munder Unveils a Pair of Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 13, 2011

Munder Unveils a Pair of Funds

News summary by MFWire's editors

Munder Capital Management [see profile] has launched the Munder Integrity Mid-Cap Value Fund and Munder Integrity Small/Mid-Cap Value Fund, both of which are sub-advised by Munder Capital subsidiary Integrity Asset Management.

The Mid-Cap Value Fund will be benchmarked against the Russell Midcap Value Index and the Small/Mid-Cap Value Fund against the Russell 2500 Value Index.

"The portfolio management team at Integrity Asset Management has been recognized by the investment industry for the discipline of its value approach and for the success of its small and mid-cap strategies," said Jim FitzGerald, president and chief operating officer of Munder Capital. "Munder’s launch of these two new funds allows us to help leverage their exceptional expertise, and provides a compelling expansion of our small- and mid-cap fund offerings."
Munder Capital Management Launches Mid- and Small/Mid-Cap Funds Leveraging Value Approach and Expertise of Integrity Asset Management Team

July 12, 2011--Munder Capital Management, investment advisor to The Munder Funds, announced the launch of the Munder Integrity Mid-Cap Value Fund and Munder Integrity Small/Mid-Cap Value Fund, both of which opened to investors July 1 and are sub-advised by Munder Capital subsidiary Integrity Asset Management, proven specialists in managing value-oriented equity strategies for institutional clients.

“The portfolio management team at Integrity Asset Management has been recognized by the investment industry for the discipline of its value approach and for the success of its small and mid-cap strategies” Munder Capital acquired Ohio-based Integrity Asset Management earlier this year. The firm, which had $3.7 billion in assets under management as of March 31, has demonstrated expertise in value investing, focusing on prudently valued or undervalued companies with improving investor sentiment. In recent years, Integrity Asset was named one of “The Best Managers You Never Heard Of” by PLANSPONSOR magazine, and its Small/Mid Cap Value strategy was recognized as a Bull & Bear Master Top Gun in the Small-Mid Value Universe by PSN, the investment manager database division of Informa Investment Solutions.

"The portfolio management team at Integrity Asset Management has been recognized by the investment industry for the discipline of its value approach and for the success of its small and mid-cap strategies," said Jim FitzGerald, President and Chief Operating Officer of Munder Capital. "Munder’s launch of these two new funds allows us to help leverage their exceptional expertise, and provides a compelling expansion of our small- and mid-cap fund offerings."

He added: "Integrity Asset is a boutique money management firm with an impressive record of providing superior investment results for institutional investors. Although they have successfully managed the Veracity Small-Cap Value Fund (VSCVX)* since 2004, financial advisors and 401(k) plans were previously unable to tap into Integrity’s skill and experience in the small/mid and mid-value space. They can now do so via these mutual funds offered by The Munder Funds."

The performance of the Munder Integrity Mid-Cap Value Fund [MAIMX] will be benchmarked against the Russell Midcap Value® Index. The Munder Integrity Small/Mid-Cap Value Fund [MAISX] will be benchmarked against the Russell 2500 Value® Index. Investors interested in the Munder Integrity Mid-Cap Value Fund or the Munder Integrity Small/Mid-Cap Value Fund can contact their financial consultant or The Munder Funds at 1-800-468-6337 to request a fund prospectus and application.

*On May 13, 2011, the Fund acquired the assets and liabilities of the Veracity Small Cap Value Fund (“Veracity Fund”) (“Reorganization”). The Veracity Fund was the accounting survivor of the Reorganization and the Veracity Fund’s performance and financial history have been adopted by the Fund. As a result, the performance information shown for the periods prior to May 14, 2011 is that of the Veracity Fund. The Veracity Fund offered Class R and Class I shares, which were similar to the Fund’s Class A and Class Y shares, respectively. The performance shown for periods prior to May 14, 2011 for Class A shares without load is the performance of the Veracity Fund’s Class R shares, for Class A shares with load is the performance of the Veracity Fund’s Class R shares with the imposition of the Munder Fund’s Class A shares front-end sales load (which the Veracity Fund did not have), and for Class Y shares is the performance of the Veracity Fund’s Class I shares. The Veracity Fund is benchmarked against the Russell 2000® Value Index. Direct investment in an index is not possible.

About Munder Capital Management Munder Capital is an institutional investment management firm providing highly disciplined domestic and international equity as well as fixed income investment solutions. With more than $14.6 billion in assets (as of March 31, 2011), the firm manages investments on behalf of corporations, retirement plans, insurance companies, municipalities, Taft-Hartley, and mutual fund investors. Munder Capital offers products across various asset classes that span the risk and capitalization spectrums in multiple markets through separate accounts, commingled funds, and mutual funds. The firm's focus is on security selection and risk management designed to achieve an optimal balance between potential reward and investment risk. Based in Birmingham, MI with an office in Boston, Munder Capital is an independently owned firm and its employees represent a significant percentage of ownership, contributing to its client-centric culture. The firm also owns Integrity Asset Management (www.integrityasset.com), an independently operated Rocky River, OH-based money management firm specializing in managing value-oriented equity strategies for institutional clients. 

Edited by: Hung Tran


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