Meeder Spectrum Fund (FLSPX)
The investment seeks to provide long-term capital appreciation. The fund seeks to achieve its investment objective by taking long and short positions in the global securities markets. It primarily invests long in common and preferred stocks and 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 may invest up to 100% of its net assets in fixed income securities of any maturity and of any credit rating (including unrated and high yield fixed income securities) and cash equivalent securities.
Fund Info
| ISIN | US58510R4083 |
|---|---|
| CUSIP | 58510R408 |
| Issuer | Meeder Funds |
| Inception Date | Jan 1, 2015 |
| Category | Long-Short |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
FLSPX has a high expense ratio of 1.52%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: FLSPX vs. AVUV, FLSPX vs. VBR
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Meeder Spectrum Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Meeder Spectrum Fund had a return of 8.84% year-to-date (YTD) and 20.16% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.84% | 9.49% |
| 1 month | 1.79% | 1.20% |
| 6 months | 17.50% | 18.29% |
| 1 year | 20.16% | 26.44% |
| 5 years (annualized) | 6.46% | 12.64% |
| 10 years (annualized) | N/A | 10.67% |
Monthly Returns
The table below presents the monthly returns of FLSPX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.32% | 5.16% | 3.70% | -4.44% | 8.84% | ||||||||
| 2023 | 4.10% | -2.41% | 1.15% | 1.22% | -0.81% | 5.04% | 2.48% | -1.51% | -3.84% | -2.97% | 6.20% | 5.18% | 14.00% |
| 2022 | -3.96% | -1.05% | 0.61% | -5.28% | 0.08% | -3.66% | 2.97% | -2.32% | -3.60% | 3.50% | 3.60% | -2.50% | -11.49% |
| 2021 | 0.08% | 2.30% | 3.70% | 4.50% | 1.11% | 1.69% | 1.01% | 2.57% | -3.68% | 4.92% | -1.52% | -2.69% | 14.47% |
| 2020 | -2.22% | -8.05% | -12.32% | 3.75% | 1.40% | 1.09% | 4.01% | 6.49% | -3.09% | -3.19% | 9.61% | 4.48% | -0.23% |
| 2019 | 1.47% | 1.27% | 0.36% | 2.76% | -6.24% | 6.01% | 0.79% | -1.90% | 1.76% | 0.87% | 3.09% | 2.58% | 13.03% |
| 2018 | 5.05% | -3.65% | -2.06% | 0.79% | 1.39% | -0.43% | 2.94% | 3.10% | 0.00% | -8.22% | 0.80% | -3.03% | -3.96% |
| 2017 | 1.26% | 3.84% | 0.00% | 0.65% | 0.73% | 0.46% | 1.91% | 0.45% | 2.31% | 2.52% | 2.45% | 1.27% | 19.30% |
| 2016 | -4.21% | 0.43% | 4.38% | -1.12% | 1.35% | -0.72% | 3.50% | 0.10% | 0.10% | -1.09% | 2.91% | 1.45% | 6.97% |
| 2015 | -2.30% | 5.94% | -0.39% | -1.36% | 1.18% | -1.85% | 1.78% | -4.96% | -1.23% | 4.14% | 0.40% | -2.08% | -1.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FLSPX is 70, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
FLSPX (Meeder Spectrum Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Meeder Spectrum Fund (FLSPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Meeder Spectrum Fund granted a 7.58% dividend yield in the last twelve months. The annual payout for that period amounted to $1.03 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.03 | $1.05 | $0.34 | $0.03 | $0.01 | $0.12 | $0.14 | $0.78 | $0.13 | $0.15 |
Dividend yield | 7.58% | 8.41% | 2.81% | 0.21% | 0.09% | 0.96% | 1.26% | 6.78% | 1.26% | 1.55% |
Monthly Dividends
The table displays the monthly dividend distributions for Meeder Spectrum Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.95 | $1.05 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.24 | $0.06 | $0.34 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.03 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.78 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2015 | $0.15 | $0.15 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Meeder Spectrum Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Meeder Spectrum Fund was 27.07%, occurring on Mar 23, 2020. Recovery took 209 trading sessions.
The current Meeder Spectrum Fund drawdown is 0.51%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.07% | Feb 13, 2020 | 27 | Mar 23, 2020 | 209 | Jan 20, 2021 | 236 |
| -20.19% | Nov 9, 2021 | 225 | Sep 30, 2022 | 350 | Feb 23, 2024 | 575 |
| -12.84% | Apr 27, 2015 | 202 | Feb 11, 2016 | 200 | Nov 25, 2016 | 402 |
| -11.99% | Aug 30, 2018 | 80 | Dec 24, 2018 | 246 | Dec 16, 2019 | 326 |
| -10.14% | Jan 29, 2018 | 9 | Feb 8, 2018 | 140 | Aug 29, 2018 | 149 |
Volatility
Volatility Chart
The current Meeder Spectrum Fund volatility is 4.32%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.