BNDIX – Meeder Tactical Income Institutional Investment Strategy | Morningstar

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Strategy

The investment seeks to provide long-term total return and income. The fund normally invests at least 80% of its net assets in fixed income securities, principally mutual and exchange traded funds that invest in domestic and foreign fixed income securities. It may invest in fixed income securities of any credit quality, including below-investment grade securities (“high-yield” or “junk bonds”), including distressed debt.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FLBDX	Meeder Tactical Income Fund Retail Class	No Load	Open			Jun 30, 2011	$1.43M	1.510%	High	$2,500	−$9.40M
BNDAX	Meeder Tactical Income Fund Adviser Class	No Load	Open			Oct 31, 2016	$21.25M	1.250%	Above Average	$2,500	$5.34M
BNDIX	Meeder Tactical Income Fund Institutional Class	Institutional	Open			Oct 31, 2016	$141.57M	1.240%	Above Average	$1M	$42.24M

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