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Trending ETFs

MUIRFIELD FUND

mutual fund
FLMAX
Payout Change
Pending
Price as of:
$11.25 +0.02 +0.18%
primary theme
Tactical Allocation
FLMAX (Mutual Fund)

MUIRFIELD FUND

Payout Change
Pending
Price as of:
$11.25 +0.02 +0.18%
primary theme
Tactical Allocation
FLMAX (Mutual Fund)

MUIRFIELD FUND

Payout Change
Pending
Price as of:
$11.25 +0.02 +0.18%
primary theme
Tactical Allocation

Name

As of 12/06/2024

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

MUIRFIELD FUND

FLMAX | Fund

$11.25

$749 M

2.13%

$0.24

0.94%

Vitals

YTD Return

23.4%

1 yr return

28.0%

3 Yr Avg Return

7.2%

5 Yr Avg Return

9.5%

Net Assets

$749 M

Holdings in Top 10

59.5%

52 WEEK LOW AND HIGH

$11.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.94%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 197.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/06/2024

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

MUIRFIELD FUND

FLMAX | Fund

$11.25

$749 M

2.13%

$0.24

0.94%

FLMAX - Profile

Distributions

  • YTD Total Return 23.4%
  • 3 Yr Annualized Total Return 7.2%
  • 5 Yr Annualized Total Return 9.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.33%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    MUIRFIELD FUND
  • Fund Family Name
    Meeder Funds
  • Inception Date
    Oct 31, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Meeder

Fund Description

The Fund pursues its investment objective by investing primarily in common and preferred stocks. The Fund may also invest in equity investment companies (“underlying funds”), which include domestic and foreign mutual funds, which may invest in emerging markets, as well as in exchange traded funds (“ETFs”), closed-end funds, and unit investment trusts. The Fund may invest in index funds and index-based investments.

The Fund may also 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, for example, in an effort 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.

When selecting investments for the Fund Meeder Asset Management, Inc. (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.

There are no investment limitations on market capitalization range or geographic region. The Adviser selects securities that the Adviser believes represent above average market potential relative to market risk. The Adviser may focus on stocks or underlying funds investing in stocks that are newer and/or smaller capitalization companies.

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. Utilizing its unconstrained tactical strategy, the Fund may invest up to 100% of its net assets in fixed income securities of any maturity and of any credit rating (including unrated and high yield fixed income securities, commonly known as “junk bonds”) 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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FLMAX - Performance

Return Ranking - Trailing

Period FLMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.4% -2.6% 31.6% 5.58%
1 Yr 28.0% -0.5% 45.8% 6.05%
3 Yr 7.2%* -18.4% 13.2% 3.76%
5 Yr 9.5%* -11.7% 23.1% 8.42%
10 Yr N/A* -5.2% 9.4% 3.36%

* Annualized

Return Ranking - Calendar

Period FLMAX Return Category Return Low Category Return High Rank in Category (%)
2023 10.3% -18.9% 60.2% 29.91%
2022 -13.2% -48.5% 0.1% 24.41%
2021 16.6% -19.0% 48.3% 8.02%
2020 3.6% -16.5% 52.8% 64.85%
2019 10.7% -8.5% 26.6% 46.19%

Total Return Ranking - Trailing

Period FLMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.4% -2.6% 31.6% 5.58%
1 Yr 28.0% -0.5% 45.8% 6.05%
3 Yr 7.2%* -18.4% 13.2% 3.76%
5 Yr 9.5%* -11.7% 23.1% 8.42%
10 Yr N/A* -5.2% 9.4% 3.36%

* Annualized

Total Return Ranking - Calendar

Period FLMAX Return Category Return Low Category Return High Rank in Category (%)
2023 13.8% -11.7% 61.8% 23.83%
2022 -10.9% -48.5% 4.6% 30.99%
2021 17.2% -14.2% 48.3% 14.15%
2020 4.7% -11.7% 77.4% 68.32%
2019 13.8% -3.9% 28.4% 54.31%

NAV & Total Return History


FLMAX - Holdings

Concentration Analysis

FLMAX Category Low Category High FLMAX % Rank
Net Assets 749 M 2.19 M 12 B 24.19%
Number of Holdings 175 2 2477 17.21%
Net Assets in Top 10 561 M 1.55 M 9.57 B 24.19%
Weighting of Top 10 59.53% 20.3% 105.1% 66.51%

Top 10 Holdings

  1. Meeder Government 29.44%
  2. Berkshire Hathaway I 6.70%
  3. Microsoft Corp 4.05%
  4. NVIDIA Corp 3.97%
  5. Amazon.com Inc 3.41%
  6. Apple Inc 2.90%
  7. Texas Instruments In 2.49%
  8. Meta Platforms Inc 2.43%
  9. Alphabet Inc 2.16%
  10. AbbVie Inc 1.97%

Asset Allocation

Weighting Return Low Return High FLMAX % Rank
Stocks
66.82% 0.00% 133.08% 66.51%
Cash
1.38% -33.22% 90.14% 71.63%
Other
0.66% -29.71% 154.73% 19.53%
Preferred Stocks
0.01% -0.16% 5.36% 7.44%
Convertible Bonds
0.00% 0.00% 8.92% 76.74%
Bonds
0.00% 0.00% 106.59% 66.51%

Stock Sector Breakdown

Weighting Return Low Return High FLMAX % Rank
Technology
27.42% 0.00% 85.77% 7.73%
Healthcare
18.18% 0.00% 38.63% 19.89%
Financial Services
13.16% 0.00% 98.22% 46.96%
Industrials
9.73% 0.00% 23.85% 43.09%
Consumer Cyclical
8.78% 0.00% 25.83% 49.72%
Energy
6.53% 0.00% 60.89% 41.44%
Consumer Defense
6.01% 0.00% 37.51% 55.80%
Communication Services
5.09% 0.00% 21.61% 55.25%
Basic Materials
3.04% 0.00% 56.73% 55.80%
Utilities
1.08% 0.00% 91.12% 80.66%
Real Estate
0.97% 0.00% 99.45% 75.14%

Stock Geographic Breakdown

Weighting Return Low Return High FLMAX % Rank
US
66.82% 0.00% 133.08% 63.26%
Non US
0.00% -1.94% 37.95% 60.47%

FLMAX - Expenses

Operational Fees

FLMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.94% 0.45% 10.24% 87.44%
Management Fee 0.64% 0.00% 1.50% 26.98%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.05% 0.70% 52.17%

Sales Fees

FLMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

FLMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

FLMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 197.00% 1.75% 441.00% 77.91%

FLMAX - Distributions

Dividend Yield Analysis

FLMAX Category Low Category High FLMAX % Rank
Dividend Yield 2.13% 0.00% 24.95% 44.19%

Dividend Distribution Analysis

FLMAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

FLMAX Category Low Category High FLMAX % Rank
Net Income Ratio 0.33% -2.01% 13.72% 50.70%

Capital Gain Distribution Analysis

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

Distributions History

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FLMAX - Fund Manager Analysis

Managers

Robert Meeder


Start Date

Tenure

Tenure Rank

Aug 10, 1988

33.83

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
0.07 33.83 6.69 13.0