Meeder Prime Money Market Retail
Name
As of 12/27/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.0%
1 yr return
0.0%
3 Yr Avg Return
0.9%
5 Yr Avg Return
1.0%
Net Assets
$22.1 M
Holdings in Top 10
53.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.92%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$500
Fund Classification
Fund Type
Money Market Fund
Name
As of 12/27/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FFMXX - Profile
Distributions
- YTD Total Return 0.0%
- 3 Yr Annualized Total Return 0.9%
- 5 Yr Annualized Total Return 1.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.45%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameMeeder Prime Money Market Fund
-
Fund Family NameMeeder Funds
-
Inception DateMar 27, 1985
-
Shares OutstandingN/A
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRobert Meeder
Fund Description
The Fund invests primarily in high-quality, short-term money market instruments, such as securities backed by the full faith and credit of the U.S. Government, securities issued by U.S. Government agencies, municipal obligations, obligations issued by corporations and financial institutions, and money market mutual funds that invest in such securities.
The Fund is a money market fund managed to meet the requirements of Rule 2a-7 under the Investment Company Act of 1940, including those related to liquidity, quality, maturity, and diversification. Consistent with these requirements, the Fund:
• | Seeks to maintain a net asset value of $1.00 per share. |
• | Only acquires securities the Fund’s investment adviser determines present minimal credit risks and that are “Eligible Securities” under applicable regulation. |
• | Only acquires securities with remaining maturities of 397 calendar days or less as determined under Rule 2a-7. |
• | Maintains a dollar-weighted average portfolio maturity of 60 calendar days or less. |
• | Will not invest more than 5% of its total assets in the securities of a single issuer, other than in U.S. Government securities or as permitted under Rule 2a-7. |
• | Will not acquire any illiquid security if, immediately after the acquisition, the Fund would have invested more than 5% of its total assets in illiquid securities. |
• | Maintains a maximum dollar-weighted average life maturity of 120 calendar days or less. |
• | Will not acquire any security other than a “daily liquid asset” (as defined in Rule 2a-7) if, immediately after the acquisition, the Fund would have invested less than 10% of its total assets in “daily liquid assets.” |
• | Will not acquire any security other than a “weekly liquid asset” (as defined in Rule 2a-7) if, immediately after the acquisition, the Fund would have invested less than 30% of its total assets in “weekly liquid assets.” |
The Fund will limit its purchases to U.S. Government securities and securities of its agencies and instrumentalities, bank obligations and instruments secured thereby, high quality commercial paper, high-grade corporate obligations, funding agreements, repurchase agreements, and money market mutual funds that invest in such securities. The Fund may also invest in municipal and other short-term obligations issued by the states, territories or possessions of the United States and their respective agencies, instrumentalities and political subdivisions. The Fund generally will attempt to purchase securities with longer maturities when it believes interest rates are falling and will attempt to purchase securities with shorter maturities when it believes interest rates are rising.
The Fund may engage in repurchase agreement transactions that are collateralized by cash or government securities. In addition, it may engage in repurchase agreement transactions that are collateralized by non-government securities such as fixed income securities that are rated investment grade and below investment grade by nationally recognized statistical rating organizations or unrated securities of comparable quality. The term of a fixed income security used as collateral may be longer than permissible for the Fund to invest directly.
The Fund intends to qualify as a “Retail Money Market Fund,” as defined by Rule 2a-7 under the Investment Company Act of 1940. Retail Money Market Funds may be beneficially owned only by natural persons, as determined in the “How to Buy Shares” section of this Prospectus.
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 without shareholder approval.
FFMXX - Performance
Return Ranking - Trailing
Period | FFMXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | 0.0% | 0.0% | 48.26% |
1 Yr | 0.0% | -0.2% | 0.1% | 71.79% |
3 Yr | 0.9%* | 0.0% | 1.1% | 45.36% |
5 Yr | 1.0%* | 0.0% | 1.3% | 55.00% |
10 Yr | 0.5%* | 0.0% | 0.7% | 43.45% |
* Annualized
Return Ranking - Calendar
Period | FFMXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.0% | 0.0% | 0.0% | 47.31% |
2022 | 0.0% | 0.0% | 0.0% | 45.00% |
2021 | 0.0% | 0.0% | 0.0% | 44.44% |
2020 | 0.0% | 0.0% | 0.0% | 42.77% |
2019 | 0.0% | 0.0% | 0.0% | 42.68% |
Total Return Ranking - Trailing
Period | FFMXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | 0.0% | 0.0% | 48.26% |
1 Yr | 0.0% | -5.0% | 0.1% | 66.67% |
3 Yr | 0.9%* | -0.2% | 1.1% | 45.36% |
5 Yr | 1.0%* | 0.0% | 1.3% | 55.00% |
10 Yr | 0.5%* | 0.0% | 0.7% | 43.45% |
* Annualized
Total Return Ranking - Calendar
Period | FFMXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.0% | 0.0% | 0.0% | 47.31% |
2022 | 0.0% | 0.0% | 0.0% | 45.00% |
2021 | 0.0% | 0.0% | 0.0% | 44.44% |
2020 | 0.0% | 0.0% | 0.0% | 42.77% |
2019 | 0.0% | 0.0% | 0.0% | 42.68% |
NAV & Total Return History
FFMXX - Holdings
Concentration Analysis
FFMXX | Category Low | Category High | FFMXX % Rank | |
---|---|---|---|---|
Net Assets | 22.1 M | 6.28 M | 74.7 B | 99.50% |
Number of Holdings | 54 | 1 | 352 | 80.90% |
Net Assets in Top 10 | 17.1 M | 5 M | 32.3 B | 98.99% |
Weighting of Top 10 | 53.45% | 11.7% | 100.0% | 18.09% |
Top 10 Holdings
- Stonex 15.59%
- Stonex 15.59%
- Stonex 15.59%
- Stonex 15.59%
- Stonex 15.59%
- Stonex 15.59%
- Stonex 15.59%
- Stonex 15.59%
- Stonex 15.59%
- Stonex 15.59%
Asset Allocation
Weighting | Return Low | Return High | FFMXX % Rank | |
---|---|---|---|---|
Cash | 84.91% | 59.21% | 100.00% | 72.36% |
Bonds | 15.09% | 0.00% | 40.79% | 28.14% |
Stocks | 0.00% | 0.00% | 0.00% | 45.23% |
Preferred Stocks | 0.00% | 0.00% | 1.11% | 49.75% |
Other | 0.00% | 0.00% | 0.00% | 45.23% |
Convertible Bonds | 0.00% | 0.00% | 11.75% | 55.78% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FFMXX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 83.35% | 59.21% | 100.00% | 72.36% |
Corporate | 13.21% | 0.00% | 13.21% | 0.50% |
Municipal | 3.45% | 0.00% | 24.55% | 30.65% |
Derivative | 0.00% | 0.00% | 0.00% | 45.23% |
Securitized | 0.00% | 0.00% | 3.51% | 46.73% |
Government | 0.00% | 0.00% | 40.79% | 67.84% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FFMXX % Rank | |
---|---|---|---|---|
US | 15.09% | 0.00% | 40.79% | 28.14% |
Non US | 0.00% | 0.00% | 5.35% | 63.32% |
FFMXX - Expenses
Operational Fees
FFMXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.92% | 0.10% | 1.90% | 9.05% |
Management Fee | 0.40% | 0.05% | 0.57% | 91.46% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 11.39% |
Administrative Fee | 0.10% | 0.03% | 0.55% | 61.79% |
Sales Fees
FFMXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 5.50% | 5.50% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
FFMXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
FFMXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 212.00% | N/A |
FFMXX - Distributions
Dividend Yield Analysis
FFMXX | Category Low | Category High | FFMXX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.01% | 0.00% | 0.01% | 45.73% |
Dividend Distribution Analysis
FFMXX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
FFMXX | Category Low | Category High | FFMXX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.45% | -0.16% | 2.37% | 16.24% |
Capital Gain Distribution Analysis
FFMXX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 28, 2019 | $0.002 | |
May 31, 2019 | $0.002 | |
Apr 30, 2019 | $0.002 | |
Mar 29, 2019 | $0.002 | |
Feb 28, 2019 | $0.002 | |
Jan 31, 2019 | $0.002 | |
Dec 31, 2018 | $0.002 | |
Nov 30, 2018 | $0.002 | |
Oct 31, 2018 | $0.002 | |
Sep 28, 2018 | $0.001 | |
Aug 31, 2018 | $0.002 | |
Jul 31, 2018 | $0.001 | |
Jun 29, 2018 | $0.001 | |
Apr 30, 2018 | $0.001 | |
Mar 29, 2018 | $0.001 | |
Feb 28, 2018 | $0.001 | |
Jan 31, 2018 | $0.001 | |
Dec 29, 2017 | $0.001 | |
Nov 30, 2017 | $0.001 | |
Oct 31, 2017 | $0.001 | |
Sep 29, 2017 | $0.001 | |
Aug 31, 2017 | $0.001 | |
Jul 31, 2017 | $0.001 | |
Jun 30, 2017 | $0.001 | |
May 31, 2017 | $0.001 | |
Apr 28, 2017 | $0.001 | |
Mar 31, 2017 | $0.000 | |
Feb 28, 2017 | $0.000 | |
Jan 31, 2017 | $0.000 | |
Dec 30, 2016 | $0.000 | |
Nov 30, 2016 | $0.000 | |
Oct 31, 2016 | $0.000 | |
Sep 30, 2016 | $0.000 | |
Aug 31, 2016 | $0.000 | |
Jul 29, 2016 | $0.000 | |
May 31, 2016 | $0.000 | |
Apr 29, 2016 | $0.000 | |
Mar 31, 2016 | $0.000 | |
Feb 29, 2016 | $0.000 | |
Jan 29, 2016 | $0.000 | |
Dec 31, 2015 | $0.000 | |
Nov 30, 2015 | $0.000 | |
Oct 30, 2015 | $0.000 | |
Sep 30, 2015 | $0.000 | |
Jun 30, 2015 | $0.000 | |
Dec 31, 2014 | $0.000 | |
Oct 31, 2014 | $0.000 | |
Jan 31, 2014 | $0.000 | |
Dec 31, 2013 | $0.000 | |
Oct 31, 2013 | $0.000 | |
Sep 30, 2013 | $0.000 | |
Aug 30, 2013 | $0.000 | |
Jun 28, 2013 | $0.000 | |
May 31, 2013 | $0.000 | |
Apr 30, 2013 | $0.000 | |
Mar 28, 2013 | $0.000 | |
Feb 28, 2013 | $0.000 | |
Jan 31, 2013 | $0.000 |
FFMXX - Fund Manager Analysis
Managers
Robert Meeder
Start Date
Tenure
Tenure Rank
Aug 31, 1988
33.27
33.3%
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.
Dale Smith
Start Date
Tenure
Tenure Rank
Aug 31, 2005
16.26
16.3%
Dale W. Smith, CFA. Mr. Smith is the Co-Chief Investment Officer. He has been associated with the Adviser since March 2005 and has been a member of the team managing the Funds since August 2005. Prior to his association with Meeder, Mr. Smith served as Senior Vice President, Financial Services at BISYS Fund Services from 1999 to 2004 and Senior Vice President, Fund Accounting at BISYS Fund Services from 1996 to 1999.
Robert Techentin
Start Date
Tenure
Tenure Rank
Aug 31, 2006
15.26
15.3%
Robert G. Techentin. Mr. Techentin is a Portfolio Manager at Meeder and has been associated with Meeder Investment Management, Inc. since August 2006. Mr. Techentin previously held a positions as Portfolio Manager at H&R Block from 1993 to 2001, Financial Representative at Northwestern Mutual Life Insurance Company from 2002 to 2005 and as a Financial Consultant at Charles Schwab & Co. from 2005 to 2006. Mr. Techentin has been a member of the team managing the Funds and Portfolios since August 2006.
Jason Headings
Start Date
Tenure
Tenure Rank
Sep 30, 2011
10.18
10.2%
Mr. Headings is an Assistant Portfolio Manager and has been associated with the firm since February 2006. Mr. Headings brings more than 10 years of financial services experience to Meeder, with previous experience as a financial advisor with Primerica from 2004 to 2006. Mr. Headings has been a member of the team managing the Funds since July 2006.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 41.08 | 16.37 | 17.84 |