Summary
- The Munder Multi-Cap Fund outperformed its Russell 3000® Index benchmark by approximately 187 basis points (bps) in the third quarter.
- The Fund’s average sector allocation during the quarter was close to benchmark weights except for a 363 bps overweight in Health Care.
- The Fund was underweight Consumer Staples (276 bps) and Industrials (254 bps) and had no exposure to Utilities.
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Investment Philosophy
The Victory Munder Multi-Cap Fund invests in companies that we believe position the Fund well on invested capital, and positive earnings/price momentum combined with a reasonable valuation over a wide spectrum of market
Select quarterly mutual fund commentaries.
