About SRUIX
Meeder Spectrum Fund Institutional Class is a mutual fund that targets long-term capital appreciation through a dynamic investment approach. The fund's strategy involves taking both long and short positions across global securities markets. Its portfolio composition primarily features long investments in common and preferred stocks, as well as investment companies, including domestic and international mutual funds, exchange-traded funds, closed-end funds, and unit investment trusts. Notably, the fund is also authorized to allocate up to 100% of its net assets to a range of fixed income securities of varying maturities and credit quality, including high-yield and unrated bonds. The fund maintains a diversified exposure, with significant allocations to cash equivalents, U.S. and international equity futures, and prominent holdings in large-cap technology, financial services, and consumer cyclical sectors. Designed for institutional investors, it offers a competitive expense ratio, a significant minimum initial investment, and operates with a high portfolio turnover rate. The fund’s multi-faceted investment process allows it to adapt to changing market conditions, providing a versatile tool for institutions seeking broad market exposure and risk-managed growth opportunities.
Fund Family Meeder Funds
Category Long-Short Equity
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol SRUIX
Share Class Institutional Class
Index Index is not available on Lipper Database
SRUIX had a total return of 30.71% in the past year, including dividends.
Since the fund's inception, the average annual return has been 10.93%.
