Mutual Funds
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Money Market Funds
Meeder Institutional Prime Money Market Fund
As of 03/31/2021
Total Net Assets
$289.6 million
Minimum Initial Investment
7-Day Current Yield
as of 5/11/2021
Subsidized Unsubsidized
Investment Objective
The Fund seeks to provide income and capital preservation.
Investment Strategy
The Institutional Prime Money Market Fund pursues its objective by investing in high-quality, short-term money market instruments, such as securities backed by the full faith and credit of the U.S. Government, securities issued by U.S. Government agencies, obligations issued by corporations and financial institutions, repurchase agreements, and money market mutual funds that invest in such securities. The Fund is managed to meet the quality, maturity, and diversification requirements of Rule 2a-7 under the Investment Company Act of 1940. The Fund calculates its price per share by rounding the Fund’s current net asset value per share to a minimum of the fourth decimal place.
Money Market Portfolio Characteristics (as of 05/13/2021)
% Daily Liquid Assets
Net Inflows/(Outflows)
% Weekly Liquid Assets
Market-based NAV

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Click here for the portfolio holdings.


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Average Annual Total Returns

Subsidized 7-Day Current Yield
Unsubsidized 7-Day Current Yield
1 Year
3 Years
5 Years
10 Years
Meeder Institutional Prime Money Market Fund
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Ratings & Risk
Portfolio Management
Not Pictured
Robert Meeder
Since: 08/1988
34 years in industry
34 years with Meeder
Not Pictured
Dale Smith, CFA
Since: 08/2005
36 years in industry
13 years with Meeder
Not Pictured
Jason Headings, CMT
Since: 09/2011
14 years in industry
12 years with Meeder
Not Pictured
Robert Techentin
Since: 08/2006
25 years in industry
12 years with Meeder


You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

The performance data shown represents past performance, which does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Investors are advised to consider carefully the investment objectives, risks, charges and expenses of the fund before investing. The prospectus contains this and other information about the funds. Contact us to request a free copy of the prospectus. Please read the prospectus carefully before investing. 

Investment performance assumes reinvestment of all dividend and capital gain distributions. Returns for less than one year are not annualized. Performance data may reflect the effect of voluntary fee waivers or expense reimbursements that may change or end at any time. Performance prior to the inception date reflects the performance of a predecessor fund, the Institutional Class of the Meeder Prime Money Market Fund, which was distributed and transferred to the Institutional Prime Money Market Fund upon its inception.

The 7-day Unsubsidized Yield is the annualized average income return over the previous seven days. The 7-day Subsidized Yield reflects fee waivers currently in effect.  Without such waivers, yields would be reduced. Yield quotations more closely reflect the current earnings of the fund than total return quotations.

The gross expense ratio reflects the total fund operating expense ratio gross of any fee waivers or expense reimbursements as set forth in the current prospectus. The net expense ratio is the audited ratio of net expenses to average net assets as set forth in the fund’s most recent annual report, which may include the effect of voluntary fee waivers or expense reimbursements.

Not available in all states.

The Lipper Money Market Funds Index is an average of the total return of all Lipper funds in that category. The index measures performance after deduction of fund expenses and management fees.

Meeder Funds are distributed by Meeder Distribution Services, Inc., Member FINRA. An affiliated registered investment adviser, Meeder Asset Management, Inc. serves as the investment adviser to the Meeder Funds and is paid a fee for its services.

with Meeder Investment Management
(866) 633-3371
(866) 633-3371