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Morningstar

Meeder Tactical Income Retail FLBDX

Morningstar Medalist Rating
Medalist Rating as of | See Meeder Funds Investment Hub
  • NAV / 1-Day Return 9.09  /  0.33 %
  • Total Assets 68.2 Mil
  • Adj. Expense Ratio
    1.400%
  • Expense Ratio 1.400%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.67%
  • Effective Duration 2.55 years

USD | NAV as of Dec 06, 2023 | 1-Day Return as of Dec 06, 2023, 12:24 AM GMT+0

Morningstar’s Analysis FLBDX

Will FLBDX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FLBDX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FLBDX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FLBDX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Meeder Tactical Income Retail's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings FLBDX

More FLBDX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 1
  • Other Holdings 10
  • % Assets in Top 10 Holdings 50.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash And Equivalents

49.60
33,023,245
Cash and Equivalents

PIMCO Low Duration Income Instl

15.06
10,026,178
—

SPDR® Blmbg High Yield Bd ETF

10.46
6,963,770
—

BBH Limited Duration I

7.45
4,957,224
—

iShares JP Morgan USD Em Mkts Bd ETF

5.39
3,587,948
—

Xtrackers USD High Yield Corp Bd ETF

4.22
2,811,864
—

iShares Short Treasury Bond ETF

3.68
2,449,896
—

Diamond Hill Short Dur Securitized Bd Y

3.28
2,186,826
—

iShares Core 1-5 Year USD Bond ETF

0.77
509,501
—

Government National Mortgage Association 6.5%

0.10
66,107
Securitized