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Trending ETFs

Name

As of 06/17/2024

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

BALANCED FUND

BLNAX | Fund

$14.00

$364 M

1.43%

$0.20

1.10%

Vitals

YTD Return

9.8%

1 yr return

17.1%

3 Yr Avg Return

2.8%

5 Yr Avg Return

5.5%

Net Assets

$364 M

Holdings in Top 10

51.8%

52 WEEK LOW AND HIGH

$13.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.10%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 205.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/17/2024

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

BALANCED FUND

BLNAX | Fund

$14.00

$364 M

1.43%

$0.20

1.10%

BLNAX - Profile

Distributions

  • YTD Total Return 9.8%
  • 3 Yr Annualized Total Return 2.8%
  • 5 Yr Annualized Total Return 5.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.78%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    BALANCED 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 invests primarily in common and preferred stocks, as well as fixed income securities. The Fund may also invest 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 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.

Under normal circumstances, the Fund will have a minimum of 30% and a maximum of 70% of its net assets invested in equity securities or underlying funds investing in equity securities. For the equity portion of the portfolio, the Fund may select growth- or value-oriented investments (including specific sectors), without limitation to market capitalization range or geographic region including investments in emerging markets. The Fund will also have a minimum of 30% and a maximum of 70% of its net assets invested in fixed income securities. For the fixed income portion of the portfolio, the Fund may invest in securities of governments throughout the world (including the United States and emerging markets), their agencies and instrumentalities, cash equivalents, income-producing securities including domestic and foreign investment grade and below investment grade bonds, structured instruments (debt securities issued by agencies of the U.S. Government (such as Ginnie Mae, Fannie Mae, and Freddie Mac), corporations and other business entities whose interest and/or principal payments are indexed to certain specific foreign currency exchange rates, interest rates, or one or more other reference indices or obligations), asset-backed securities, inflation-linked securities, commercial paper, certificates of deposit, banker’s acceptances and other bank obligations, money market funds, repurchase agreements, and derivatives, such as futures contracts, options, and swaps. The Fund may invest in fixed income securities of any maturity, and of any credit rating (including unrated securities). In addition, for the fixed income portion of the portfolio, the Fund may invest without limit in higher risk, below-investment grade debt securities, commonly referred to as “high yield securities” or “junk bonds.” The Fund may also invest in fixed income investment companies that invest in domestic and foreign fixed income securities, ETFs, closed-end funds, and unit investments trusts.

Within the equity portion of the strategy, 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.

Within the fixed income portion of the strategy, the Adviser uses a combination of quantitative models that seek to measure the relative risks and opportunities of each fixed income market segment based upon economic, market, currency and technical data, and the Adviser’s own assessment of economic and market conditions, to create an optimal allocation of the Fund’s assets among various segments of the fixed income market. After sector allocations are made, the Adviser uses a combination of traditional due diligence, and performance analysis to identify investments for the Fund’s portfolio.

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. Consistent with its Principal Investment Strategies, the Fund may shift equity holdings to fixed income securities of any maturity and of any credit rating (including unrated and high yield fixed income 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.

The Fund addresses asset allocation decisions by adjusting the mix of stocks, bonds and cash in the Fund, within the parameters described above. When the Adviser’s quantitative models and evaluation indicate that the risks of the stock market may be greater than the potential rewards, the Fund will reduce its position in underlying equity securities and underlying equity funds in order to attempt to minimize the risk of loss of capital. The Fund may also reduce its equity exposure by selling short stock index futures contracts. The Fund’s goal is to minimize losses during high-risk market environments and to provide attractive returns during low-risk markets.

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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BLNAX - Performance

Return Ranking - Trailing

Period BLNAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.8% -1.8% 26.7% 13.76%
1 Yr 17.1% -6.3% 41.1% 11.98%
3 Yr 2.8%* -21.0% 12.4% 30.56%
5 Yr 5.5%* -12.0% 24.0% 31.19%
10 Yr N/A* -4.6% 10.1% 28.86%

* Annualized

Return Ranking - Calendar

Period BLNAX Return Category Return Low Category Return High Rank in Category (%)
2023 10.2% -18.9% 60.2% 31.34%
2022 -14.1% -48.5% 0.1% 27.78%
2021 4.7% -19.0% 48.3% 46.98%
2020 4.6% -16.5% 52.8% 55.61%
2019 10.8% -8.5% 27.3% 45.00%

Total Return Ranking - Trailing

Period BLNAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.8% -1.8% 26.7% 13.76%
1 Yr 17.1% -6.3% 41.1% 11.98%
3 Yr 2.8%* -21.0% 12.4% 30.56%
5 Yr 5.5%* -12.0% 24.0% 31.19%
10 Yr N/A* -4.6% 10.1% 26.85%

* Annualized

Total Return Ranking - Calendar

Period BLNAX Return Category Return Low Category Return High Rank in Category (%)
2023 12.5% -11.7% 61.8% 31.80%
2022 -10.8% -48.5% 4.6% 29.63%
2021 5.7% -14.2% 48.3% 83.26%
2020 5.7% -11.7% 77.4% 60.49%
2019 12.6% -3.9% 28.4% 62.00%

NAV & Total Return History


BLNAX - Holdings

Concentration Analysis

BLNAX Category Low Category High BLNAX % Rank
Net Assets 364 M 1.98 M 13.3 B 40.83%
Number of Holdings 189 3 2550 17.43%
Net Assets in Top 10 198 M 1.37 M 10.3 B 40.37%
Weighting of Top 10 51.75% 21.1% 120.6% 74.31%

Top 10 Holdings

  1. Institutional Prime 14.02%
  2. Fidelity Total Bond 7.29%
  3. Baird Core Plus Bond 7.08%
  4. Dodge Cox Income 5.60%
  5. Berkshire Hathaway I 4.68%
  6. NVIDIA Corp 3.46%
  7. Microsoft Corp 3.12%
  8. Fidelity Advisor 2.19%
  9. BrandywineGLOBAL 2.17%
  10. MasterCard, Inc. 2.14%

Asset Allocation

Weighting Return Low Return High BLNAX % Rank
Stocks
67.95% 0.00% 139.66% 68.81%
Cash
14.70% -33.22% 88.48% 19.27%
Convertible Bonds
0.11% 0.00% 8.92% 40.83%
Other
0.08% -29.71% 137.85% 33.03%
Preferred Stocks
0.01% -0.07% 5.36% 9.17%
Bonds
0.00% 0.00% 106.59% 89.45%

Stock Sector Breakdown

Weighting Return Low Return High BLNAX % Rank
Technology
27.41% 0.00% 85.77% 9.24%
Healthcare
18.17% 0.00% 38.63% 21.20%
Financial Services
14.29% 0.00% 98.22% 28.80%
Consumer Cyclical
8.89% 0.00% 25.83% 47.28%
Industrials
8.44% 0.00% 23.85% 59.24%
Energy
7.83% 0.00% 60.89% 30.43%
Consumer Defense
5.97% 0.00% 37.51% 59.24%
Communication Services
4.53% 0.00% 21.61% 60.87%
Basic Materials
2.57% 0.00% 56.73% 67.39%
Utilities
1.08% 0.00% 91.12% 79.89%
Real Estate
0.82% 0.00% 99.45% 77.72%

Stock Geographic Breakdown

Weighting Return Low Return High BLNAX % Rank
US
67.95% 0.00% 139.66% 63.30%
Non US
0.00% -1.94% 38.99% 89.45%

BLNAX - Expenses

Operational Fees

BLNAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.10% 0.49% 10.24% 78.44%
Management Fee 0.69% 0.00% 1.50% 28.44%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.05% 0.70% 51.06%

Sales Fees

BLNAX 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

BLNAX 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.

BLNAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 205.00% 1.75% 441.00% 79.43%

BLNAX - Distributions

Dividend Yield Analysis

BLNAX Category Low Category High BLNAX % Rank
Dividend Yield 1.43% 0.00% 24.95% 37.16%

Dividend Distribution Analysis

BLNAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual SemiAnnual Annual

Net Income Ratio Analysis

BLNAX Category Low Category High BLNAX % Rank
Net Income Ratio 0.78% -2.01% 13.72% 40.37%

Capital Gain Distribution Analysis

BLNAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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BLNAX - Fund Manager Analysis

Managers

Robert Meeder


Start Date

Tenure

Tenure Rank

Jan 31, 2006

16.34

16.3%

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.

Amisha Kaus


Start Date

Tenure

Tenure Rank

Nov 30, 2015

6.5

6.5%

Amisha Kaus. Ms. Kaus is a Portfolio Manager and has been associated with the Meeder Asset Management, Inc. since November, 2015. Ms. Kaus brings 13 years of investment industry experience to the Meeder Asset Management, Inc. , with previous experience as an investment analyst with Allegheny Financial Group from 2007 to 2015. Ms. Kaus has been a member of the team managing the Funds since November 2015.

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.

Donald McConnell


Start Date

Tenure

Tenure Rank

Feb 28, 2022

0.25

0.3%

Donald McConnell. Mr. McDonnell is a Portfolio Manager and has been associated with Meeder Asset Management, Inc. since February 2022, when he joined the team managing the Funds. Mr. McConnell was previously a Senior Portfolio Manager with BMO Global Asset Management from 2013 – 2022.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.83 6.67 13.0