Fund Evaluator:
Meeder Conservative Allocation Retail (FLRUX)
Follow This Fund
Best Performing in Conservative Allocation Over the Last Year
| 11.9% | Hussman Strategic Total Return (HSTRX) |
| 10.4% | Franklin Multi-Asset Income Y (PMIYX) |
| 10.1% | Columbia Income Builder Inst (CBUZX) |
| 8.2% | Thrivent Conservative Allocation S (THYFX) |
| 8.0% | Columbia Capital Allocation Cnsrv Inst (CBVZX) |
Fund Details
Meeder Conservative Allocation Retail Overview
Meeder Conservative Allocation Retail (FLRUX) is an actively managed Allocation Conservative Allocation fund. Meeder Funds launched the fund in 1995.
The investment seeks to provide income and long-term capital appreciation. The fund invests primarily in common and preferred stocks, as well as fixed income securities. It may also invest 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 will have a maximum of 30% of its net assets invested in equity securities or underlying funds investing in equity securities. It will also have a minimum of 70% of its net assets invested in fixed income securities.
About Meeder Conservative Allocation Retail (FLRUX)
There are 3 members of the management team with an average tenure of 14.10 years: Bob Meeder (1995), Joseph Bell (2018), Aneep Maniar (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Morningstar Con Tgt Risk TR USD index with a weighting of 100%. Meeder Conservative Allocation Retail has 215 securities in its portfolio. The top 10 holdings constitute 70.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Meeder Conservative Allocation Retail is part of the Allocation global asset class and is within the Allocation fund group. Meeder Conservative Allocation Retail has 14.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 27.3%. There is 5.0% allocated to foreign stock, and 0.8% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 60.1% (50.7% domestic bond, 9.4% foreign bond and 0.2% convertible bond). Meeder Conservative Allocation Retail has 6.6% of the portfolio in cash.
Assets Under Management
The fund has $15 million in total assets, which is below the $107 million average for the Conservative Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FLRUX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Meeder Conservative Allocation Retail expense ratio is high compared to funds in the Conservative Allocation category. Meeder Conservative Allocation Retail has an expense ratio of 1.48%, which is 24% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Meeder Conservative Allocation Retail has a portfolio turnover rate of 157%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 100% for the Conservative Allocation category.
Recently, in the month of July 2026, Meeder Conservative Allocation Retail returned -1.0%, which earned it a grade of D, as the Conservative Allocation category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Meeder Conservative Allocation Retail has a trailing yield of 2.43%, which is below the 3.43% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Meeder Conservative Allocation Retail Grades
Year to date, the fund has returned 3.1%, 0.4 percentage points better than the category, which translates into a grade of B. The fund has returned 8.1% over the past year (grade of B), 7.8% over the past three years (grade of B) and 3.4% per year over the past five years (grade of B) and 4.3% per year over the past 10 years (grade of C).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Meeder Conservative Allocation Retail, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
FLRUX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FLRUX Return (NAV) | -1.0% | 0.9% | 8.1% | 7.8% | 3.4% | 4.3% |
| FLRUX Grade | D | B | B | B | B | C |
| +/- Category | -0.3% | 0.3% | 0.8% | 0.6% | 0.7% | 0.4% |
| Conservative Allocation Avg | -0.8% | 0.6% | 7.2% | 7.2% | 2.7% | 3.9% |
| FLRUX Tax Cost Ratio | na | na | 1.3% | 1.2% | 1.2% | 1.0% |
FLRUX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FLRUX Return (NAV) | 3.1% | 8.6% | 6.5% | 9.7% | -10.2% | 4.6% | 6.3% | 10.2% | -2.6% | 7.6% | 19.9% |
| FLRUX Grade | B | D | B | B | B | C | F | D | C | C | A |
| +/- Category | 0.4% | -0.7% | 0.6% | 1.0% | 1.7% | 0.1% | -1.8% | -1.3% | 0.6% | 0.6% | 14.0% |
| Conservative Allocation Avg | 2.8% | 9.2% | 5.9% | 8.7% | -11.9% | 4.5% | 8.0% | 11.5% | -3.3% | 7.1% | 5.9% |
| Risk Measures | |
| Standard Deviation: | 6.4% |
| Total Risk Index: | 0.52 - Below Average |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (54% Rank) |
| Beta: | 0.65 |
| R-Squared: | 91% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 2.4% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $170 Mil |
| Fund Total Assets: | $ 15 Mil |
| Share Class Type: | Adv |
| Portfolio Turnover: | 157% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 31.1 years | |||
| Average Tenure: 14.1 years | |||
| Managers (Year): Meeder Bob (1995), Bell Joseph (2018), Maniar Aneep (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 215 |
| % in Top 10 Holdings: | 70.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 14.4% |
Portfolio Allocation |
|
| Domestic Stock: | 27.3% |
| Foreign Stock: | 5.0% |
| Preferred Stock: | 0.8% |
| Domestic Bond: | 50.7% |
| Foreign Bond: | 9.4% |
| Convertible Bond: | 0.2% |
| Other: | 0.1% |
| Cash: | 6.6% |
Purchase Information
| Fund Family: | Meeder Funds |
| Phone Number: | 800-325-3539 |
| Website: | www.meederfunds.com |
| Status: | Open |
| Inception Date: | June 21, 1995 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $ 500 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.48% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.19% |
| Share Class: | Meeder Conservative Allocation Retail |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
