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Meeder Spectrum Adviser (SRUAX)

13.88
+0.01
+(0.07%)
At close: 8:02:13 PM EDT

Fund Summary

The fund seeks to achieve its investment objective by taking long and short positions in the global securities markets. It primarily invests long in common and preferred stocks and in investment companies ("underlying funds"), which include domestic and foreign mutual funds, as well as in exchange traded funds ("ETFs"), closed-end funds, and unit investment trusts. 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) and cash equivalent securities.

Meeder Spectrum Adviser

Dublin, OH 43017
6125 Memorial Dr. PO Box 7177

Fund Overview

Category Long-Short Equity
Fund Family Meeder Funds
Net Assets 223.22M
YTD Return -0.72%
Yield 1.24%
Morningstar Rating
Inception Date Oct 31, 2016

Fund Operations

Last Dividend 0.02
Last Cap Gain 17.00
Holdings Turnover 260.00%
Average for Category --

Fees & Expenses

Expense SRUAX Category Average
Annual Report Expense Ratio (net) 1.43% 1.92%
Prospectus Net Expense Ratio 1.43% --
Prospectus Gross Expense Ratio 1.43% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.33%
Max Deferred Sales Load -- 1.14%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

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

Morningstar Style Box

Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund. Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund.

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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