Investors are advised to consider carefully the investment objectives, risks, charges and expenses of the fund before investing. The prospectus contains this and other information about the funds. Contact us at the address below to request a free copy of the prospectus. Please read the prospectus carefully before investing.
Investment performance assumes reinvestment of all dividend and capital gain distributions. Returns for less than one year are not annualized. Performance data reflects contractual and voluntary fee waivers, without which performance would have been lower.
The gross expense ratio reflects the total fund operating expense ratio gross of any fee waivers or expense reimbursements as set forth in the current prospectus. The net expense ratio is the audited ratio of net expenses to average net assets as set forth in the fund’s most recent annual report.
The Advisor has contractually agreed to waive and limit fees for the Quantex Fund until October 31, 2017. The agreement may be terminated annually by the adviser on its renewal date.
Effective September 15, 2016, the Miller/Howard Infrastructure Fund was renamed the Meeder Infrastructure Fund to reflect the resignation of the Fund’s sub-adviser, Miller/Howard Investments, Inc.
The Morningstar proprietary rating reflects historical risk adjusted performance for the period stated. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.
©2016 Morningstar, Inc. All Rights Reserved. Ratings as of 12/31/2016. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
A Lipper Fund Award recognizes funds for their consistently strong risk-adjusted performance relative to their peers based on Lipper’s proprietary performance-based methodology. Those funds with the most consistent return adjusted return within their classification peers are declared the winner over three, five and ten year periods. The Meeder Quantex Fund received the Lipper Fund Award in the Mid-Cap Value Category for the 3-year period in 2011 out of 140 eligible funds, for the 3 year period in 2012 out of 61 eligible funds, and for the 10 year period in 2017 out of 26 eligible funds.
A detailed methodology can be found at http://excellence.thomsonreuters.com/award/lipper. © 2017 Thomson Reuters. All rights reserved.
Commentary offered for informational and educational purposes only. Opinions and forecasts regarding markets, securities, products, portfolios or holdings are given as of the date provided and are subject to change at any time. Certain information and data has been supplied by unaffiliated third-parties as indicated. Although Meeder believes the information is reliable, it cannot warrant the accuracy, timeliness or suitability of the information or materials offered by third-parties.
The Russell Midcap Index measures the performance of the mid-cap segment of the U.S. equity universe. The Lipper Mid-Cap Value Funds Index performance includes mutual fund expenses, such as investment management fees, which are not identical to the expenses charged by the Fund. The Morningstar Mid-Cap Value Category represents the Morningstar Category average return for the group shown. All indexes assume reinvestment of interest and dividends. Indexes do not take into account management fees or expenses associated with a mutual fund. One cannot invest directly in an index.
Key Definitions: Standard Deviation measures the annualized variation of the fund’s performance against its mean over time. A higher standard deviation is an indication of greater volatility. Sharpe Ratio is a risk adjusted measure of excess return that compares a fund’s performance with a risk free return. A higher Sharpe ratio indicates better risk-adjusted performance. Data, rankings, information, quotes or commentary has been supplied by unaffiliated third-parties as indicated. Although Meeder believes the data gathered from third-party sources is reliable, it cannot warrant the accuracy, timeliness or suitability of the information or materials offered by third-parties.
Meeder Funds are distributed by Adviser Dealer Services, Inc., an affiliate of Meeder Investment Management.
© 2017 Meeder Investment Management, Inc.
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