Meeder Conservative Allocation Retail
FLRUX
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- Meeder Conservative Allocation Retail (FLRUX) is an open-end mutual fund managed by Meeder Investment Management that seeks income and long-term capital appreciation through a tactical, model-driven allocation to equity and fixed income securities; it maintains a minimum 70% allocation to fixed income and a maximum 30% to equities when market conditions are favorable, with investments in common stocks, preferred stocks, corporate bonds, U.S. government securities, mortgage-backed securities, and underlying investment companies such as Fidelity Advisor Total Bond Z, Baird Core Plus Bond Institutional, iShares 7-10 Year Treasury Bond ETF, iShares 20+ Year Treasury Bond ETF, and iShares J.P. Morgan USD Emerging Markets Bond ETF. The fund diversifies across asset types including US bonds (47%), US stocks (25%), non-US bonds (11%), non-US stocks (6%), and cash (4%), with sector exposures in technology, financial services, industrials, and healthcare, and regional focus primarily on the United States alongside limited positions in the Eurozone, Japan, and Europe. Launched on June 21, 1995, and domiciled in the United States, FLRUX is available to retail investors with a minimum initial investment of $2,500, a net expense ratio of 1.54%, and daily pricing; it is part of Meeder Funds distributed by Meeder Distribution Services, with management by Robert Meeder (since 1995), Joseph Bell (since 2018), and Aneep Maniar (since September 2023). In 2024, Meeder Investment Management, headquartered in Dublin, Ohio and founded in 1974, sold a significant equity stake in its $400 million wealth management division (Meeder Wealth Management) to Summit Financial Holdings and Merchant Investment Management in a strategic partnership aimed at national expansion into a multibillion-dollar RIA, though this transaction excluded the mutual funds business including FLRUX; no fund-specific acquisitions, new product launches, or reorganizations for FLRUX were reported in the last 1-2 years. The fund targets conservative allocation investors, including individuals and advisors, with assets under management of approximately $163 million.