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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

GLOBAL ALLOCATION FUND

FLFGX | Fund

$12.08

$33.2 M

0.00%

1.91%

Vitals

YTD Return

6.7%

1 yr return

20.0%

3 Yr Avg Return

1.2%

5 Yr Avg Return

4.2%

Net Assets

$33.2 M

Holdings in Top 10

75.8%

52 WEEK LOW AND HIGH

$12.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.91%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 173.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

GLOBAL ALLOCATION FUND

FLFGX | Fund

$12.08

$33.2 M

0.00%

1.91%

FLFGX - Profile

Distributions

  • YTD Total Return 6.7%
  • 3 Yr Annualized Total Return 1.2%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.63%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    GLOBAL ALLOCATION FUND
  • Fund Family Name
    Meeder Funds
  • Inception Date
    Jan 31, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Individual
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Meeder

Fund Description

The Fund has significant flexibility to invest in a broad range of equity and fixed income asset classes in the United States and other markets throughout the world, both developed and emerging. Meeder Asset Management, Inc. (the “Adviser”) employs a flexible asset allocation approach in constructing the Fund’s portfolio. Under normal circumstances, the Fund will invest at least 40% of its net assets in countries other than the United States (“Non-U.S. Countries”). In managing the Fund, the Adviser will normally invest in issuers in at least three countries other than the United States. The Adviser has flexibility to allocate the Fund’s assets between equity and fixed income securities and under normal circumstances up to 90% of the fund’s net assets may be invested entirely in equity or fixed income assets based on the Adviser’s assessment of current market conditions and the relative opportunities within each asset class.

The Fund’s equity investments include common stock, preferred stock, equity investment companies (“underlying funds”), which include domestic and foreign mutual funds as well as exchange traded funds (“ETFs”), closed-end funds, and unit investment trusts. The Fund may also invest in index funds and index-based investments, such as Standard & Poor’s Depositary Receipts (SPDRs). Additionally, the Fund may invest directly in, or in underlying funds investing in, futures contracts and options on futures contracts. The Fund is generally unconstrained by any particular capitalization with regard to its equity investments.

The Fund’s fixed income investments include fixed income investment companies that invest in domestic and foreign fixed income securities, ETFs, closed-end funds, and unit investment trusts. Investments in fixed income securities may also include, but are not limited to, securities of governments throughout the world (including the United States), their agencies and instrumentalities, cash and cash equivalents, income-producing securities including United States and foreign investment grade and non-investment grade corporate bonds, convertible corporate bonds, structured instruments (debt securities issued by agencies of the United States Government (such as Ginnie Mae, Fannie Mae, and Freddie Mac), corporations and other business entities whose interest and/or principal payments are indexed to certain specific foreign currency exchange rates, interest rates, or one or more

other reference indices or obligations), asset-backed securities, inflation-linked securities, commercial paper, certificates of deposit, banker’s acceptances and other bank obligations, money market funds, and repurchase agreements. The Fund is generally unconstrained with regard to the duration of its fixed income investments.

The Fund may invest directly in derivatives, such as options and futures contracts, or in underlying funds investing in futures contracts and options on futures contracts. These investments may be used to earn extra income, to provide adequate liquidity, to adjust exposure to individual securities or markets, to protect all or a portion of the Fund’s portfolio from a decline in value, or to maintain a fully invested position in equity securities.

Within the equity portion of the strategy, the Adviser continually evaluates style, market capitalization, sector rotation, and international positions, by utilizing a series of quantitative models to perform fundamental and technical analysis, in order to identify opportunities that have the best attributes for outperformance. Individual equity selection is driven by the Adviser’s quantitative model that evaluates securities based on exposure to value, quality, momentum, and sentiment characteristics:

Value is a measure of the relative value of a company using metrics such as revenue, cash flow, and income;

Quality is a measure of the financial performance of a company, typically measured by the stability of its earnings and cash flows, along with the strength of its balance sheet;

Momentum is a measure of the rate of change in the price of securities over time; and

Sentiment is a measure of the prevailing attitudes of investors related to anticipated price movements in the market.

Within the fixed income portion of the strategy, the Adviser uses a combination of quantitative models that seek to measure the relative risks and opportunities of each fixed income market segment based upon economic, market, currency and technical data, and the Adviser’s own assessment of economic and market conditions, to create an optimal allocation of the Fund’s assets among various segments of the fixed income market. After sector allocations are made, the Adviser uses traditional due diligence, and performance analysis to identify investments for the Fund’s portfolio.

The Fund utilizes several defensive tactics to reduce or eliminate its position in common stocks and underlying equity funds in order to attempt to reduce the risk of loss when the Adviser’s quantitative models and evaluation indicate that the risks of the stock market may be greater than the potential rewards. Consistent with its Principal Investment Strategies, the Fund may shift equity holdings to fixed income securities of any maturity and of any credit rating (including unrated and high yield fixed income securities) and cash equivalent securities. The Fund may invest in underlying fixed income funds that invest in domestic and foreign fixed income securities, ETFs, closed-end funds, and unit investment trusts. The Fund may also buy or sell derivatives, including domestic or international stock index futures or options and option spreads on index future contracts. An option spread is a strategy where the Fund buys two different options on an index, but with different prices or expirations, in order to hedge against declines in equity market value. The use of these techniques may not protect against market declines and may limit the Fund’s participation in market gains, particularly in volatile market conditions.

Other than as set forth in the SAI, the investment policies and limitations of the Fund are not fundamental and may be changed by the Board of Trustees of the Meeder Funds without shareholder approval.

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FLFGX - Performance

Return Ranking - Trailing

Period FLFGX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -23.7% 16.4% 54.72%
1 Yr 20.0% -8.9% 48.3% 58.15%
3 Yr 1.2%* -2.2% 16.4% 76.39%
5 Yr 4.2%* -0.7% 13.4% 71.96%
10 Yr 3.7%* 0.9% 11.8% 51.25%

* Annualized

Return Ranking - Calendar

Period FLFGX Return Category Return Low Category Return High Rank in Category (%)
2023 13.4% -40.8% 20.6% 64.08%
2022 -13.6% -21.0% 24.5% 65.60%
2021 1.3% -24.2% 27.8% 71.73%
2020 0.7% -23.1% 11.7% 47.26%
2019 10.8% -100.0% 20.6% 0.27%

Total Return Ranking - Trailing

Period FLFGX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -23.7% 16.4% 53.43%
1 Yr 20.0% -12.8% 48.3% 53.39%
3 Yr 1.2%* -3.4% 16.4% 70.74%
5 Yr 4.2%* -1.1% 13.4% 65.22%
10 Yr 3.7%* 0.9% 11.8% 48.07%

* Annualized

Total Return Ranking - Calendar

Period FLFGX Return Category Return Low Category Return High Rank in Category (%)
2023 15.4% -40.8% 20.6% 64.08%
2022 -12.9% -21.0% 24.5% 65.60%
2021 1.3% -24.2% 27.8% 75.00%
2020 3.0% -23.1% 11.7% 14.64%
2019 13.2% -2.9% 23.1% 0.82%

NAV & Total Return History


FLFGX - Holdings

Concentration Analysis

FLFGX Category Low Category High FLFGX % Rank
Net Assets 33.2 M 1.12 M 110 B 88.98%
Number of Holdings 200 2 10961 46.56%
Net Assets in Top 10 23.1 M -31.7 M 22 B 83.30%
Weighting of Top 10 75.77% 10.8% 100.0% 29.05%

Top 10 Holdings

  1. Institutional Prime 58.03%
  2. iShares Core MSCI 8.93%
  3. SPDR Barclays Captl 2.03%
  4. iShares Core 1.92%
  5. Apple Inc 0.92%
  6. Alphabet Inc 0.83%
  7. Walmart Inc 0.78%
  8. Garmin Ltd 0.78%
  9. Texas Instruments In 0.78%
  10. Xtrackers USD High 0.77%

Asset Allocation

Weighting Return Low Return High FLFGX % Rank
Cash
62.56% -97.12% 185.58% 2.51%
Stocks
39.49% -45.72% 98.42% 50.94%
Convertible Bonds
0.03% 0.00% 25.49% 74.53%
Preferred Stocks
0.01% -0.03% 14.00% 64.72%
Bonds
0.00% -39.76% 93.84% 90.40%
Other
-2.06% -1.25% 197.12% 66.60%

Stock Sector Breakdown

Weighting Return Low Return High FLFGX % Rank
Technology
20.41% 0.00% 39.48% 22.51%
Financial Services
15.94% 0.00% 30.34% 47.98%
Healthcare
15.52% 0.00% 30.30% 12.74%
Industrials
10.15% 0.09% 32.39% 34.39%
Consumer Cyclical
9.76% 0.00% 20.84% 41.61%
Consumer Defense
7.41% 0.00% 31.85% 32.91%
Energy
6.98% 0.00% 38.61% 38.00%
Communication Services
5.52% 0.00% 28.59% 59.87%
Basic Materials
4.54% 0.00% 60.23% 57.96%
Utilities
1.96% 0.00% 40.29% 75.58%
Real Estate
1.80% 0.00% 90.14% 75.58%

Stock Geographic Breakdown

Weighting Return Low Return High FLFGX % Rank
US
39.49% -4.82% 95.75% 73.70%
Non US
0.00% -46.69% 57.06% 17.12%

FLFGX - Expenses

Operational Fees

FLFGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.91% 0.16% 2.71% 16.91%
Management Fee 0.75% 0.00% 1.70% 67.45%
12b-1 Fee 0.25% 0.00% 1.00% 36.65%
Administrative Fee 0.10% 0.01% 0.70% 55.26%

Sales Fees

FLFGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FLFGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FLFGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 173.00% 0.00% 441.00% 89.00%

FLFGX - Distributions

Dividend Yield Analysis

FLFGX Category Low Category High FLFGX % Rank
Dividend Yield 0.00% 0.00% 10.92% 65.70%

Dividend Distribution Analysis

FLFGX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Monthly Monthly

Net Income Ratio Analysis

FLFGX Category Low Category High FLFGX % Rank
Net Income Ratio -0.63% -5.20% 6.33% 98.04%

Capital Gain Distribution Analysis

FLFGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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FLFGX - Fund Manager Analysis

Managers

Robert Meeder


Start Date

Tenure

Tenure Rank

Jan 31, 2006

16.34

16.3%

Robert S. Meeder, Jr. is President and CEO of Meeder Investment Management and brings over 30 years of investment industry experience. Mr. Meeder has been President of Meeder Investment Management, Inc. since 1991 and has been a member of the team managing the Funds and Portfolios since 1992. In addition to his executive duties, Mr. Meeder is involved in the development of investment policy and client relationships for Meeder Investment Management, Inc.

Amisha Kaus


Start Date

Tenure

Tenure Rank

Nov 30, 2015

6.5

6.5%

Amisha Kaus. Ms. Kaus is a Portfolio Manager and has been associated with the Meeder Asset Management, Inc. since November, 2015. Ms. Kaus brings 13 years of investment industry experience to the Meeder Asset Management, Inc. , with previous experience as an investment analyst with Allegheny Financial Group from 2007 to 2015. Ms. Kaus has been a member of the team managing the Funds since November 2015.

Joseph Bell


Start Date

Tenure

Tenure Rank

Mar 31, 2018

4.17

4.2%

Joseph Bell, CFA, CMT. Mr. Bell is a Portfolio Manager and has been associated with the Adviser since March 2018, when he joined the team managing the Funds. Mr. Bell was previously a Senior Market Strategist and a Senior Equity Analyst at Schaeffer’s Investment Research.

Yuntaek Pae


Start Date

Tenure

Tenure Rank

Apr 16, 2021

1.12

1.1%

Yuntaek Pae, PhD, CFA. Dr. Pae joined Meeder Asset Management as the Director of Research in April 2021. He worked for Allianz Global Investors in South Korea as an equity analyst between 2005 and 2007. He earned a PhD degree from Illinois Institute of Technology in 2010.

Donald McConnell


Start Date

Tenure

Tenure Rank

Feb 28, 2022

0.25

0.3%

Donald McConnell. Mr. McDonnell is a Portfolio Manager and has been associated with Meeder Asset Management, Inc. since February 2022, when he joined the team managing the Funds. Mr. McConnell was previously a Senior Portfolio Manager with BMO Global Asset Management from 2013 – 2022.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 30.27 6.52 9.25