Meeder Investment Management, Inc. (“MIM”)
offers a complete range of equity, fixed income
and cash management investment solutions
through its wholly owned SEC registered
investment advisers: Meeder Public Funds, Inc.
(“MPF”), Meeder Asset Management, Inc.
(“MAM”), and Meeder Advisory Services, Inc.
(“MAS”). MIM’s principal owners are Robert
Meeder, Jr. and Robert Meeder, Sr. All affiliates
of MIM are located at 6125 Memorial Drive,
Dublin, Ohio 43017 and share employees.
Meeder Public Funds, Inc. provides professional
investment advisory and administrative services
to state and local public funds managers utilizing
a variety of fixed income portfolio solutions. The
firm was established in 1990 and changed its
name to Meeder Public Funds, Inc. in 2015.
As of December 31, 2023, MPF’s regulatory
assets under management were
$54,569,476,420, of which $39,790,915,961 was
managed on a discretionary basis and
$14,778,560,459 was managed on a non-
discretionary basis.
Investment Advisory Services
MPF provides a variety of investment advisory
services to state and local governments,
including counties, cities, school districts,
villages, townships, universities, special districts,
libraries, state agencies and local government
investment pools (“Public Clients”). Investment
advisory services not only include management
of assets on a discretionary or non-discretionary
basis but may also include assets as to which
MPF provides advice or consultation but does
not have the authority to make decisions and
execute trades.
SEPARATELY MANAGED ACCOUNTS
MPF provides separately managed account
services to Public Clients on a discretionary or
non-discretionary basis. MPF provides Public
Clients with investment advice limited to the
purchase or sale of fixed income securities,
including U.S. Government securities, agencies,
commercial paper, banker’s acceptances,
corporate bonds, municipal debt, bank deposits,
and money market funds. MPF may also
recommend a local government investment pool
or other bank deposit programs or products for a
Public Client’s cash management needs.
MPF tailors its services to its Public Clients,
utilizing investments permissible under
the
applicable state investment code and the Public
Client’s investment policy. At the outset of each
relationship, MPF will evaluate the Public Client’s
needs, objectives and the terms of any existing
investment policy statement. MPF will develop a
portfolio around the Public Client’s objectives,
investment policy, and the terms of the applicable
state investment code. Subject to MPF approval,
Public Clients may impose reasonable
restrictions on the types or quantities of
securities held in a client’s account.
CONSULTING SERVICES
MPF offers non-discretionary consulting
services to Public Clients, including provision of
general portfolio management assistance;
investment research and credit analysis;
evaluation of existing investment portfolios and
performance; review of cash management
procedures; cash flow analysis and allocation
advice; development of internal controls and
procedures; review and revision of investment
policy statements; assessment of existing
banking, brokerage or custodial relationships;
development of requests for proposals for new
banking, brokerage or custodial relationships;
and educational programs designed to meet
instructional requirements under state law.
Consulting services are sometimes offered along
with separately managed account services but
may be offered separately. Each Consulting
Relationship is designed around the needs of the
consulting client. MPF may not receive
compensation for advice provided in connection
with consulting services or may receive
compensation in connection with other assets
managed by the firm.
LOCAL GOVERNMENT INVESTMENT POOLS
MPF provides discretionary investment advisory
services to Local Government Investment Pools
(“LGIP”) available to counties, cities, school
districts and other government entities. These
investment vehicles combine funds contributed
by participating entities and invest in securities
permitted under the applicable state investment
code and the written guidelines for each LGIP.
MEEDER PUBLIC FUNDS, INC. | MARCH 28, 2024 PAGE 5
MPF or its affiliates may also provide other
services to LGIP clients, including administrative,
transfer agency and fund accounting services.