QUANTEX FUND
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
5.6%
1 yr return
21.3%
3 Yr Avg Return
-1.3%
5 Yr Avg Return
2.2%
Net Assets
$35.1 M
Holdings in Top 10
47.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.65%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 64.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FLCGX - Profile
Distributions
- YTD Total Return 5.6%
- 3 Yr Annualized Total Return -1.3%
- 5 Yr Annualized Total Return 2.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.05%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameQUANTEX FUND
-
Fund Family NameMeeder Funds
-
Inception DateMar 20, 1985
-
Shares OutstandingN/A
-
Share ClassIndividual
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Meeder
Fund Description
Under normal conditions, at least 60% of the Fund’s net assets will be invested in common stock, rights and warrants of mid-capitalization companies. Mid-capitalization companies are defined as those whose market capitalizations are similar to the market capitalization of companies in the S&P Midcap 400 Index, a widely used benchmark for mid-sized U.S. company stock performance. The market capitalization range of the S&P Midcap 400 as of December 31, 2021was approximately 1.7 billion to 33.7 billion. Typically, the Fund will be diversified throughout all major industry sectors. However, more emphasis is given to capitalization levels and there are occasions when all sectors are not represented in the Fund’s portfolio.
For the portion of the portfolio allocated to mid-capitalization companies, the Fund employs a quantitative investment approach that utilizes an investment model to determine which securities are to be added or removed from the Fund’s portfolio on an annual basis. Stocks in the portfolio whose value has risen above or fallen below the predetermined market capitalization ranges are sold, while new undervalued stocks that have moved into the predetermined capitalization ranges are added to the Fund’s portfolio. The Fund’s holdings are then restructured to create an equally weighted portfolio of equity securities.
Depending on Meeder Asset Management, Inc.’s (the “Adviser”) assessment of market conditions, the Fund may allocate up to 40% of its net assets to equity securities of large-capitalization or small-capitalization companies. The Fund pursues this objective by primarily investing in derivatives, mutual funds or exchange traded funds (“ETFs”) that provide exposure to the desired market sector. When selecting these investments, the Adviser continually evaluates style and market capitalization factors utilizing a series of quantitative models to perform fundamental and technical analysis in order to identify opportunities that have the best attributes for outperformance.
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. The Fund also may invest in index funds, index-based investments, open-end investment companies, and exchange traded funds.
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.
FLCGX - Performance
Return Ranking - Trailing
Period | FLCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.6% | -1.9% | 15.0% | 73.26% |
1 Yr | 21.3% | -0.3% | 42.9% | 53.21% |
3 Yr | -1.3%* | -2.7% | 16.7% | 99.73% |
5 Yr | 2.2%* | 0.2% | 17.7% | 99.15% |
10 Yr | 4.2%* | 0.5% | 12.4% | 98.06% |
* Annualized
Return Ranking - Calendar
Period | FLCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.7% | -11.3% | 33.3% | 23.06% |
2022 | -16.2% | -41.6% | 2.3% | 66.94% |
2021 | 9.1% | -41.5% | 44.9% | 83.97% |
2020 | -6.0% | -29.0% | 22.1% | 88.40% |
2019 | 17.7% | -8.1% | 31.2% | 75.78% |
Total Return Ranking - Trailing
Period | FLCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.6% | -1.9% | 15.0% | 73.26% |
1 Yr | 21.3% | -0.3% | 42.9% | 53.21% |
3 Yr | -1.3%* | -2.7% | 16.7% | 99.73% |
5 Yr | 2.2%* | 0.2% | 17.7% | 99.15% |
10 Yr | 4.2%* | 0.5% | 12.4% | 98.06% |
* Annualized
Total Return Ranking - Calendar
Period | FLCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.2% | -3.7% | 36.5% | 38.87% |
2022 | -13.7% | -35.0% | 2.4% | 93.22% |
2021 | 9.1% | 6.2% | 48.3% | 99.18% |
2020 | -5.4% | -22.9% | 23.2% | 94.75% |
2019 | 18.5% | -3.0% | 35.7% | 94.59% |
NAV & Total Return History
FLCGX - Holdings
Concentration Analysis
FLCGX | Category Low | Category High | FLCGX % Rank | |
---|---|---|---|---|
Net Assets | 35.1 M | 991 K | 26.1 B | 94.93% |
Number of Holdings | 105 | 8 | 2481 | 33.07% |
Net Assets in Top 10 | 15.1 M | 219 K | 4.14 B | 90.40% |
Weighting of Top 10 | 47.26% | 5.0% | 104.2% | 5.60% |
Top 10 Holdings
- Institutional Prime 39.22%
- Royal Caribbean 1.13%
- Carnival Corp. 1.04%
- PulteGroup Inc 0.97%
- Western Digital 0.88%
- Pentair PLC 0.87%
- FLEETCOR TECHNOLOGIE 0.84%
- Molson Coors Beverag 0.78%
- EQT Corp. 0.77%
- Davita Inc 0.76%
Asset Allocation
Weighting | Return Low | Return High | FLCGX % Rank | |
---|---|---|---|---|
Stocks | 56.38% | 56.38% | 104.81% | 99.73% |
Cash | 43.98% | 0.00% | 43.98% | 0.53% |
Preferred Stocks | 0.00% | 0.00% | 5.43% | 54.93% |
Convertible Bonds | 0.00% | 0.00% | 0.02% | 52.01% |
Bonds | 0.00% | 0.00% | 27.69% | 53.33% |
Other | -1.97% | -1.97% | 8.33% | 99.73% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FLCGX % Rank | |
---|---|---|---|---|
Consumer Cyclical | 15.52% | 0.00% | 29.62% | 10.99% |
Technology | 14.79% | 0.00% | 30.07% | 7.51% |
Industrials | 14.50% | 0.00% | 29.02% | 58.71% |
Financial Services | 12.05% | 0.00% | 60.11% | 93.03% |
Healthcare | 11.01% | 0.00% | 32.47% | 32.17% |
Real Estate | 6.03% | 0.00% | 40.74% | 71.31% |
Utilities | 5.70% | 0.00% | 24.69% | 53.89% |
Communication Services | 5.54% | 0.00% | 19.80% | 20.91% |
Basic Materials | 5.17% | 0.00% | 23.88% | 55.76% |
Consumer Defense | 4.87% | 0.00% | 33.79% | 65.42% |
Energy | 4.83% | 0.00% | 29.17% | 80.97% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FLCGX % Rank | |
---|---|---|---|---|
US | 56.38% | 56.38% | 104.81% | 99.73% |
Non US | 0.00% | 0.00% | 33.98% | 64.80% |
FLCGX - Expenses
Operational Fees
FLCGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.65% | 0.01% | 16.92% | 15.47% |
Management Fee | 0.75% | 0.00% | 1.20% | 69.07% |
12b-1 Fee | 0.20% | 0.00% | 1.00% | 27.64% |
Administrative Fee | 0.10% | 0.01% | 0.40% | 47.06% |
Sales Fees
FLCGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
FLCGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
FLCGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 64.00% | 0.00% | 227.00% | 73.90% |
FLCGX - Distributions
Dividend Yield Analysis
FLCGX | Category Low | Category High | FLCGX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 22.83% | 64.44% |
Dividend Distribution Analysis
FLCGX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Monthly | SemiAnnual |
Net Income Ratio Analysis
FLCGX | Category Low | Category High | FLCGX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.05% | -1.84% | 4.73% | 93.28% |
Capital Gain Distribution Analysis
FLCGX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.100 | OrdinaryDividend |
Dec 28, 2023 | $0.164 | OrdinaryDividend |
Sep 29, 2023 | $0.120 | OrdinaryDividend |
Jun 30, 2023 | $0.100 | OrdinaryDividend |
Mar 31, 2023 | $0.050 | OrdinaryDividend |
Dec 29, 2022 | $0.091 | OrdinaryDividend |
Sep 30, 2022 | $0.797 | OrdinaryDividend |
Sep 30, 2020 | $0.090 | OrdinaryDividend |
Jun 30, 2020 | $0.100 | OrdinaryDividend |
Dec 30, 2019 | $0.123 | OrdinaryDividend |
Sep 30, 2019 | $0.100 | OrdinaryDividend |
Jun 28, 2019 | $0.030 | OrdinaryDividend |
Dec 29, 2017 | $0.061 | OrdinaryDividend |
Dec 30, 2016 | $0.027 | OrdinaryDividend |
Sep 30, 2016 | $0.030 | OrdinaryDividend |
Jun 30, 2016 | $0.070 | OrdinaryDividend |
Mar 31, 2016 | $0.058 | OrdinaryDividend |
Dec 31, 2015 | $0.058 | OrdinaryDividend |
Sep 30, 2015 | $0.030 | OrdinaryDividend |
Jun 30, 2015 | $0.050 | OrdinaryDividend |
Mar 31, 2015 | $0.030 | OrdinaryDividend |
Dec 31, 2014 | $0.107 | OrdinaryDividend |
Sep 30, 2014 | $0.245 | OrdinaryDividend |
Jun 30, 2014 | $0.030 | OrdinaryDividend |
Mar 31, 2014 | $0.020 | OrdinaryDividend |
Dec 31, 2013 | $0.044 | OrdinaryDividend |
Jun 28, 2013 | $0.040 | OrdinaryDividend |
FLCGX - Fund Manager Analysis
Managers
Robert Meeder
Start Date
Tenure
Tenure Rank
Aug 31, 1988
33.77
33.8%
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.
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.59 | 8.28 | 10.92 |