Is This Just the Beginning of The Trump Effect?
November 30, 2016

On November 8th, the 2016 U.S. Presidential Election concluded one of the most controversial and riveting elections in recent history. Donald Trump, the Republican nominee, was elected as the 45th President of the United States. Trump’s campaign was centered on the theme of “Make America Great Again” and a renewed focus on job creation, the nation’s infrastructure, and the U.S. economy. A key pillar of Trump’s campaign was a commitment to a trillion-dollar overhaul of the country’s aging infrastructure within a five-year time frame. If the next Congress approves this expenditure, it could provide meaningful job creation and significant economic growth for the country.

A Trump Bump?

The day after the election, the Dow Jones Industrial Average (DJIA) reacted optimistically to the Trump victory by rising 1.4%. The stock market’s optimism in a Trump presidency has not subsided during this transition period. In fact, from November 8th through November 30th, the DJIA and the S&P 500 Index are both up 5.17% and 3.39%, respectively.

It’s worth mentioning that stocks have historically performed well after a presidential election. As indicated in the table below, since 1952, the period between Election Day and Inauguration Day has been positive for stocks (as represented by the S&P 500 Index) in 11 out of 16 periods.



Making Mid Caps and Small Caps Great Again
President-elect Trump spoke often during the campaign about his views on trade agreements and potentially imposing international trade tariffs. If this proposed policy comes to fruition, it could have a positive impact on the performance of small-cap and mid-cap stocks relative to those of large-caps. Why? The biggest factor is due to where revenues are derived. According to FactSet, Large-cap companies, such as those measured by the S&P 500 Index, derive over 48% of their revenues from outside the United States. Whereas, small- and mid-cap companies typically have a greater domestic revenue base. Therefore, large caps are more susceptible to potential policy shifts on trade tariffs by the new administration. How have mid caps and small caps fared since Trump’s victory? Between November 8th and November 30th, the S&P 400 Index of mid-cap stocks is up 7.95% while the Russell 2000 Index of small-cap stocks is up 11.02%.

Invest in Opportunities for Growth: Meeder Quantex Fund
The Meeder Quantex Fund is a mutual fund that invests in mid-cap and small-cap stocks that derive over 72% of its revenues from inside the U.S. The Fund is well positioned to take advantage of this current environment and is up 9.76% between November 8th and November 30th, and 20.92% year to date through November 30th.

A number of catalysts exist today that have the potential to give the current secular bull market more room to run. The Meeder Quantex Fund is another to way to participate in the opportunities for growth brought about by the Trump Effect and the proposed policies of the new administration.

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The performance data shown represents past performance, which does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

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 a contractual agreement by the advisor to waive fees or reimburse expenses until October 15, 2017. The agreement may be terminated annually by the adviser on its renewal date. Without these waivers, 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, which may include the effect of voluntary fee waivers or expense reimbursements.

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. No offer to sell, solicitation, or recommendation of any security or investment product is intended. 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.

Meeder Funds are distributed by Adviser Dealer Services, Inc., an affiliate of Meeder Investment Management. An affiliated registered investment adviser, Meeder Asset Management, Inc., serves as the investment adviser to Meeder Funds and is paid a fee for its services.

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