IFAAX: Meeder Conservative Allocation Adviser

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IFAAX Meeder Conservative Allocation Adviser


Profile

IFAAX - Profile

Vitals

  • YTD Return 0.8%
  • 3 Yr Annualized Return 0.9%
  • 5 Yr Annualized Return N/A
  • Net Assets $139 M
  • Holdings in Top 10 48.8%

52 WEEK LOW AND HIGH

$23.31
$20.86
$23.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.04%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 136.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $500

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--15% to 30% Equity

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.44%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Meeder Conservative Allocation Fund
  • Fund Family Name
    Meeder Funds
  • Inception Date
    Oct 31, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Meeder

Fund Description

The fund invests primarily in common and preferred stocks, as well as fixed income securities. It 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 will have a minimum of 0% and a maximum of 30% of its net assets invested in equity securities or underlying funds investing in equity securities. It will also have a minimum of 70% and a maximum of 100% of its net assets invested in fixed income securities.


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Categories

Performance

IFAAX - Performance

Return Ranking - Trailing

Period IFAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -51.8% 934.5% 48.00%
1 Yr 1.8% -56.2% 826.5% 47.02%
3 Yr 0.9%* -24.4% 75.6% 38.76%
5 Yr N/A* -43.7% 24.0% 34.21%
10 Yr N/A* -39.1% 17.3% 26.24%

* Annualized

Return Ranking - Calendar

Period IFAAX Return Category Return Low Category Return High Rank in Category (%)
2019 7.9% -50.4% 46.8% 76.46%
2018 -6.0% -31.8% 19.0% 15.73%
2017 6.9% -44.7% 46.3% 42.00%
2016 N/A -84.5% 219.0% N/A
2015 N/A -45.5% 14.6% N/A

Total Return Ranking - Trailing

Period IFAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -51.8% 934.5% 48.00%
1 Yr 1.8% -56.2% 826.5% 47.02%
3 Yr 2.1%* -24.4% 75.6% 46.91%
5 Yr N/A* -43.7% 29.7% 66.05%
10 Yr N/A* -39.1% 18.3% 45.04%

* Annualized

Total Return Ranking - Calendar

Period IFAAX Return Category Return Low Category Return High Rank in Category (%)
2019 7.9% -50.4% 46.8% 76.60%
2018 -3.7% -31.5% 19.0% 14.50%
2017 8.0% -44.7% 46.3% 64.61%
2016 N/A -84.5% 242.1% N/A
2015 N/A -45.5% 14.6% N/A

NAV & Total Return History


Holdings

IFAAX - Holdings

Concentration Analysis

IFAAX Category Low Category High IFAAX % Rank
Net Assets 139 M 100 K 110 B 63.81%
Number of Holdings 896 2 2284 11.75%
Net Assets in Top 10 67.7 M 146 K 25.2 B 58.50%
Weighting of Top 10 48.76% 11.4% 100.0% 45.43%

Top 10 Holdings

  1. Xtrackers USD High Yield Corp Bd ETF 7.96%
  2. iShares Core US Aggregate Bond ETF 6.96%
  3. Vanguard Total Bond Market ETF 6.60%
  4. iShares JP Morgan USD Em Mkts Bd ETF 5.94%
  5. Baird Core Plus Bond Inst 4.52%
  6. PGIM Total Return Bond R6 4.15%
  7. Dodge & Cox Income 3.81%
  8. Segall Bryant & Hamill Plus Bond Instl 3.12%
  9. United States Treasury Notes 0.17% 2.92%
  10. Pioneer Bond Y 2.79%

Asset Allocation

Weighting Return Low Return High IFAAX % Rank
Bonds
67.06% -18.43% 78.22% 10.63%
Stocks
26.51% -7.43% 77.52% 76.00%
Cash
5.89% -95.11% 80.85% 41.38%
Convertible Bonds
0.70% 0.00% 50.76% 35.50%
Preferred Stocks
0.08% 0.00% 45.01% 47.38%
Other
-0.25% -12.66% 176.09% 98.13%

Stock Sector Breakdown

Weighting Return Low Return High IFAAX % Rank
Technology
23.85% 0.00% 100.00% 18.30%
Healthcare
18.65% 0.00% 59.48% 8.22%
Consumer Cyclical
14.52% 0.00% 59.01% 7.96%
Financial Services
10.51% 0.00% 60.67% 80.11%
Communication Services
9.53% 0.00% 56.40% 40.58%
Industrials
9.31% 0.00% 36.77% 48.28%
Consumer Defense
3.85% 0.00% 22.38% 81.96%
Real Estate
3.37% 0.00% 100.00% 48.81%
Basic Materials
2.83% 0.00% 100.00% 49.34%
Utilities
1.88% 0.00% 99.54% 75.99%
Energy
1.70% 0.00% 100.00% 82.36%

Stock Geographic Breakdown

Weighting Return Low Return High IFAAX % Rank
US
24.03% -7.43% 77.52% 72.38%
Non US
2.48% -2.31% 17.89% 63.00%

Bond Sector Breakdown

Weighting Return Low Return High IFAAX % Rank
Corporate
37.66% 0.00% 100.00% 48.88%
Government
31.98% 0.00% 95.54% 23.75%
Securitized
16.50% 0.00% 87.39% 45.25%
Cash & Equivalents
11.74% -3.87% 100.00% 44.13%
Derivative
1.36% 0.00% 59.63% 23.88%
Municipal
0.76% 0.00% 100.00% 20.75%

Bond Geographic Breakdown

Weighting Return Low Return High IFAAX % Rank
US
52.49% -18.43% 85.79% 20.63%
Non US
14.57% -36.53% 25.83% 2.00%

Expenses

IFAAX - Expenses

Operational Fees

IFAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.04% 0.01% 7.27% 54.76%
Management Fee 0.50% 0.00% 2.00% 32.04%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.83% 23.45%

Sales Fees

IFAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

IFAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

IFAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 136.00% 0.00% 574.00% 83.11%

Distributions

IFAAX - Distributions

Dividend Yield Analysis

IFAAX Category Low Category High IFAAX % Rank
Dividend Yield 0.00% 0.00% 9.67% 42.50%

Dividend Distribution Analysis

IFAAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

IFAAX Category Low Category High IFAAX % Rank
Net Income Ratio 2.44% -5.24% 6.60% 22.19%

Capital Gain Distribution Analysis

IFAAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History

View More +

Fund Manager Analysis

IFAAX - Fund Manager Analysis

Managers

Robert Meeder


Start Date

Tenure

Tenure Rank

Jun 21, 1995

25.21

25.2%

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

15.01

15.0%

Dale joined Meeder in 2005 as Chief Investment Office/Chief Financial Officer. With over 30 years in the financial industry and his CFA and CPA, Dales leads the firm's investment and corporate finance teams. As head of Meeder's Investment Committee, Dale overseas direction, refinement, and implementation of the firm's investment process.

Jason Headings


Start Date

Tenure

Tenure Rank

Sep 30, 2011

8.93

8.9%

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.

Amisha Kaus


Start Date

Tenure

Tenure Rank

Nov 30, 2015

4.76

4.8%

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.

David Turner


Start Date

Tenure

Tenure Rank

Jan 31, 2017

3.58

3.6%

David Turner, CFA. Mr. Turner is an Assistant Portfolio Manager and has been associated with Meeder Asset Management, Inc since April 2016. Mr. Turner brings over five years of investment industry experience to the Adviser, with previous experience as a research analyst at Harbor Capital Advisors and a quality assurance coordinator at The University of Chicago Center for Research in Security Prices. Mr. Turner has been a member of the team managing the Funds since January 2017.

Joseph Bell


Start Date

Tenure

Tenure Rank

Mar 31, 2018

2.42

2.4%

Joe joined Meeder in early 2018, bringing more than 12 years of experience in the investment and financial industry with CFA and CMT designations. He is part of a team that manages a group of Equity mutual funds and Investment portfolios, focusing on tactical allocation, multi-factor systematic investing, and risk management.

Abe Sheikh


Start Date

Tenure

Tenure Rank

May 31, 2020

0.25

0.3%

Abe joined Cougar in 2017, after 11 years at J.P. Morgan Asset Management. He has spent the majority of his career developing frameworks designed to generate optimal strategic and tactical asset allocations for a range of sophisticated institutional and retail clients. He has researched and published in a range of peer-reviewed journals, such as the Journal of Portfolio Management, Journal of Investing and Journal of Alternative Investments, on topics including downside “fat-tail” risks in financial markets, macroeconomic regime-based investing, and managing assets pre- and post- retirement. Prior to joining J.P. Morgan Asset Management, Abe was an actuarial analyst for four years at Willis Towers Watson. Abe earned a bachelor’s degree in actuarial science from the London School of Economics and Political Science and a master’s in computational finance from Carnegie Mellon University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.69 7.12 0.67