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Munder Index 500 - S&P Index Fund for Only $250
 

(1/23/00)

Although there are several S & P 500 Index mutual funds offered by popular fund families such as Vanguard and Dreyfus, many require initial minimum investments of $2,500 and above.  If you're looking for a S & P Index fund with a low minimum investment, try Munder Index 500.  The Munder Index 500 fund's initial investment is only $250 and any subsequent purchase can be as low as $50.  This five star mutual fund (highly rated by Morningstar) sports an average risk profile with an above average return.

Another great feature available through this fund family is the Automatic Investment Plan or AIP.  Through the AIP, you can set up monthly investments into the Munder Index 500 by arranging automatic deductions directly from your checking or savings account.  What a fantastic way to keep your investment portfolio growing.

The Munder Index fund has two different classes – Class A and Class B.  The main difference is the way the sales fees are charged.  The Class A shares assesses a 2.5% sales load up front and no subsequent charges for selling.  On the other hand, the Class B shares have no up front sales load, but charge selling fees based on a graduated scale. (for more details click here to go to Munder web site)  However, after holding the Class B fund for six years there is NO sales charge.  So even though the return on the Class B shares are slightly lower, if you plan to hold the fund for more than six years (core investments should be held for the long term), investing in the Class B shares will generate higher returns in the long run.

Munder Index 500 - Class B

Symbol	MUXBX
Phone Number	(800) 438-5789
Web Site	www.munder.com
Minimum Investment	$250
Load	None
Expense Ratio	0.74%
Redemption Fee (if you sell within 12 months)	5%
Year to date return (as of 12/31/99)	19.96%

(Source:  www.munder.com – accuracy of this information is not guaranteed)

Note:     Past results is no indication of future performance.  This information is provided to you as a starting point to BEGIN your research and is not to be construed as an offer to sell or a solicitation of an offer to buy.  The information presented in this article represents MsFiscallyFit.com's feelings and opinions about a particular stock or mutual fund on the specified date and is not meant to be a specific trading recommendation.  Stocks and sector mutual funds tend to be riskier and more volatile and should be considered by investors that have long term investment timeframes, a tolerance for risk and are willing to accept unplanned volatility.  Our opinions are based on sources believed to be reliable and written in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness or the results obtained by individuals using such information.   Readers are urged to consult with their own financial advisors before any investment decision is made and all information contained in this information should be independently verified with other sources.  Partners, employees and affiliates of MsFiscallyFit.com may or may not hold positions in any of the stocks or mutual funds included in this information.  MsFiscallyFit.com does not receive any compensation of any kind from the companies that we express opinions about.  As always, each reader is responsible for the risks and consequences of their own investment activities and in no event, shall MsFiscallyFit.com or its employees, partners or affiliates be liable for any damages, direct or indirect, that may result from the use of this information

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