Meeder Tactical Income Fund Retail (FLBDX) is an open-end mutual fund managed by Meeder Investment Management that seeks long-term total return and income by investing principally in fixed income securities, including mutual funds and exchange-traded funds focused on domestic and foreign bonds. The fund maintains at least 80% of its net assets in a tactical mix of U.S. government and agency securities, investment-grade corporate bonds, high-yield bonds, emerging market bonds, and short-duration instruments, with the flexibility to adjust portfolio duration and sector allocations based on prevailing credit conditions and interest rate expectations; top holdings typically include SPDR Bloomberg High Yield Bond ETF, Fidelity Advisor Short Duration High Income Fund Class Z, and Fidelity Advisor Capital & Income Fund Class Z, representing over 65% of the portfolio in key positions. Asset allocation emphasizes U.S. bonds (approximately 66%), non-U.S. bonds (23%), and cash equivalents (8%), with minor equity exposure, targeting institutional and retail investors in the nontraditional bond category through platforms available in the United States. Launched on June 30, 2011, the fund is part of the Meeder Funds family offered by Meeder Investment Management, founded in 1974 and headquartered in Dublin, Ohio. Recent portfolio management updates include the addition of Aneep Maniar as co-portfolio manager effective September 2023, joining longstanding managers Robert Meeder (since inception) and Joseph Bell (since 2018), amid ongoing tactical adjustments to fixed income super sectors and a net expense ratio of 1.66%. The fund reported total net assets of approximately $128 million as of late 2025, reflecting sustained operations without major structural changes such as acquisitions, partnerships, or new share class launches in the past two years.