| Ticker: | MMEAX |
| Manager: | Team Managed |
| Manager Since: | NA |
| NAV (05/23/2013): | 34.63 |
| Objective: | Equity - Small Cap |
| Peer: | SC SG |
| Net Assets ($mil): | 48.92 |
| Inception: | 12/26/1996 |
MMEAX : Description
The fund was incepted in December 1996 and is managed by Munder Capital Management. The objective of the fund is to provide capital appreciation. The fund invests at least 80% of its assets in equity securities of micro-capitalization companies. Micro-capitalization companies are those companies with a market capitalization within the range of the companies included in the Wilshire Micro-Cap Index. Such capitalizations are approximately $282 million or less. The fund also invests in equity securities of foreign companies and larger capitalization companies. Dividends and net realized capital gains, if any, are distributed annually.
MMEAX : Composition - 05/13
| Stocks | 96.74% |
| Foreign Stocks | 0.32% |
| Cash | 2.74% |
| Bonds | 0.00% |
| Foreign Bonds | 0.00% |
| Preferred | 0.00% |
| Convertible | 0.00% |
| Other | 0.51% |
| Foreign Hedged | 0.00% |
MMEAX : Style Analysis - 05/13
| Large Growth | 0.00% |
| Large Value | 0.00% |
| Small Growth | 46.18% |
| Small Value | 40.85% |
| Foreign Stock | 0.00% |
| Emerging Market | 8.01% |
| Precious Metals | 0.00% |
| Intermediate Bond | 0.00% |
| High Yield Bond | 0.00% |
| Foreign Bond | 0.00% |
MMEAX : Risk Analysis
| Beta v. S&P 500 | 1.38 |
| Beta v. EAFE | -0.17 |
| Beta v. Barclays Agg Bond | -0.53 |
| Alpha 3 Yr | 1.65 |
| Alpha 5 Yr | 2.32 |
| R-Sq 3 Yr | 0.88 |
| R-Sq 5 Yr | 0.88 |
| Std Dev 3 Yr | 19.60 |
| Std Dev 5 Yr | 25.40 |
| Sharpe 3 Yr | 0.97 |
| Sharpe 5 Yr | 0.44 |
MMEAX : Fees
| Expense Ratio | 1.20 |
| % Max Load | 5.50 |
| % Min Load | 0.00 |
| % Deferred Load | NA |
| % Redemption | NA |
| % Max 12 B1 Fee | 0.25 |
| % Max Mgt Fee | 1.00 |
MMEAX : Purchase Choices:
| Min Initial Investment | 2500 |
| Min Subsequent Investment | 50 |
MMEAX : Returns Analysis - Annual
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | YTD | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NAV ($) | 33.18 | 40.65 | 43.23 | 44.77 | 35.13 | 16.88 | 22.70 | 29.09 | 28.68 | 29.37 | 34.63 |
| Total Return (%) | 64.33 | 22.51 | 11.28 | 6.46 | -11.08 | -44.59 | 36.32 | 28.15 | -1.40 | 20.81 | 13.72 |
| Annual Dividend Yield (%) | 0.00 | 0.00 | 0.29 | 0.43 | 0.75 | 1.49 | 1.32 | 0.00 | 0.00 | 0.00 | 0.00 |
| Relative Performance | |||||||||||
| Rel Performance-S&P500(%) | 356.48 | 116.41 | 63.95 | -93.31 | -165.82 | -75.91 | 99.05 | 130.86 | -35.08 | 48.23 | 9.79 |
| Rel Performance-Obj.Ret.(%) | 217.52 | 68.27 | 49.13 | -66.29 | -137.58 | -66.68 | 35.87 | 32.80 | 28.33 | 66.34 | 26.36 |
| Ret.Quintile vs Obj(1 is best) | 1 | 1 | 2 | 5 | 5 | 5 | 2 | 2 | 2 | 1 | 1 |
| Turnover, Yields, and Gains | |||||||||||
| Fund Assets Net($mil) | 126 | 218 | 218 | 346 | 187 | 65 | 66 | 61 | 59 | 49 | 49 |
| Annual Turnover (%) | 66.00 | 19.00 | 0.00 | 20.00 | 23.00 | 24.00 | 35.00 | 43.00 | 67.00 | 56.00 | 0.00 |
| Annual Dividend Paid ($) | 0.00 | 0.00 | 0.14 | 0.20 | 0.31 | 0.31 | 0.31 | 0.00 | 0.00 | 0.00 | 0.00 |
| Annual Capital Gains Paid($) | 0.00 | 0.00 | 1.85 | 1.01 | 4.74 | 3.32 | 0.00 | 0.00 | 0.00 | 5.19 | 0.00 |
MMEAX : Returns Analysis - Trailing Total Return
| 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | 15 Year | 20 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (through 05/13) | -0.03% | 7.46% | 17.45% | 13.72% | 21.77% | 17.07% | 7.95% | 10.62% | 8.22% | NA |
| Ret. Percentile vs. Obj. (1 is best) | 27 | 6 | 22 | 12 | 7 | 1 | 28 | 35 | 23 | NA |
MMEAX : Stock Portfolio Snapshot - 05/13
| Average Price/Earnings | 26.75 |
| Average Price/Book | 2.49 |
| Average EPS Growth | 12.43 |
| Average Market Value | 423.00 |
MMEAX : Stock Sector Breakout - 05/13
MMEAX : Top Holdings - 05/13
| Name | Weight | Shares |
|---|---|---|
| US PHYSICAL THERAPY | 1.32 | 35,691 |
| SUMMIT HOTEL PROPERTIES INC | 1.27 | 100,000 |
| MARCUS | 1.22 | 73,019 |
| BANNER | 1.21 | 29,440 |
| NORTHSTAR REALTY FINANCE CORP | 1.15 | 121,752 |
| SYMMETRY MEDICAL | 1.19 | 84,462 |
| LITHIA MOTORS INC CL A | 1.15 | 23,031 |
| GLATFELTER | 1.15 | 49,263 |
| ICU MEDICAL | 1.19 | 14,621 |