Fund Evaluator:
Meeder Global Allocation Institutional (GBPIX)
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Fund Details
Meeder Global Allocation Institutional Overview
Meeder Global Allocation Institutional (GBPIX) is an actively managed Allocation Tactical Allocation fund. Meeder Funds launched the fund in 2016.
The investment seeks to provide long-term capital appreciation. The fund has significant flexibility to invest in a broad range of equity and fixed income asset classes in the United States and other markets throughout the world, both developed and emerging. Under normal circumstances, the fund will invest assets allocated to equity investments in at least eight countries other than the United States (“Non-U.S. Countries”).
About Meeder Global Allocation Institutional (GBPIX)
There are 3 members of the management team with an average tenure of 10.64 years: Bob Meeder (2006), 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: Russell 3000 TR USD index with a weighting of 100% and Morningstar Gbl Allocation TR USD index with a weighting of 100%. Meeder Global Allocation Institutional has 222 securities in its portfolio. The top 10 holdings constitute 45.3% 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 Global Allocation Institutional is part of the Allocation global asset class and is within the Allocation fund group. Meeder Global Allocation Institutional has 26.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 73.0%. There is 26.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Meeder Global Allocation Institutional has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $34 million in total assets, which is below the $224 million average for the Tactical 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.
GBPIX 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 Global Allocation Institutional expense ratio is high compared to funds in the Tactical Allocation category. Meeder Global Allocation Institutional has an expense ratio of 1.61%, which is 9% lower than its category average, making the fund expense ratio grade a C. 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 Global Allocation Institutional has a portfolio turnover rate of 233%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 207% for the Tactical Allocation category.
Recently, in the month of August 2026, Meeder Global Allocation Institutional returned 2.2%, which earned it a grade of C, as the Tactical Allocation category had an average return of 2.1%. 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 Global Allocation Institutional has a trailing yield of 0.88%, which is below the 2.80% 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 Global Allocation Institutional Grades
Year to date, the fund has returned 14.2%, 3.5 percentage points better than the category, which translates into a grade of A. The fund has returned 20.7% over the past year (grade of A), 16.5% over the past three years (grade of A) and 8.6% per year over the past five years (grade of A) and 8.8% per year over the past 10 years (grade of A).
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GBPIX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GBPIX Return (NAV) | 2.2% | 1.9% | 20.7% | 16.5% | 8.6% | 8.8% |
| GBPIX Grade | C | B | A | A | A | A |
| +/- Category | 0.1% | 1.1% | 4.6% | 4.3% | 3.1% | 2.3% |
| Tactical Allocation Avg | 2.1% | 0.8% | 16.1% | 12.2% | 5.5% | 6.5% |
| GBPIX Tax Cost Ratio | na | na | 3.7% | 2.8% | 2.3% | na |
GBPIX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GBPIX Return (NAV) | 14.2% | 19.2% | 9.4% | 15.9% | -12.6% | 13.0% | 3.4% | 13.7% | -6.6% | 23.1% | 3.7% |
| GBPIX Grade | A | A | C | A | C | C | D | C | C | A | D |
| +/- Category | 3.5% | 6.5% | 0.5% | 5.1% | 0.5% | 0.4% | -6.8% | 0.1% | -0.3% | 9.9% | -2.0% |
| Tactical Allocation Avg | 10.7% | 12.7% | 9.0% | 10.8% | -13.0% | 12.7% | 10.2% | 13.5% | -6.2% | 13.2% | 5.6% |
| Risk Measures | |
| Standard Deviation: | 11.2% |
| Total Risk Index: | 0.92 - Average |
| Category Risk Index: | 1.10 - Above Average |
| Category Risk Grade: | D (71% Rank) |
| Beta: | 1.18 |
| R-Squared: | 94% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.9% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $43 Mil |
| Fund Total Assets: | $ 34 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 233% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 20.6 years | |||
| Average Tenure: 10.6 years | |||
| Managers (Year): Meeder Bob (2006), Bell Joseph (2018), Maniar Aneep (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 222 |
| % in Top 10 Holdings: | 45.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 26.5% |
Portfolio Allocation |
|
| Domestic Stock: | 73.0% |
| Foreign Stock: | 26.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Fund Family: | Meeder Funds |
| Phone Number: | 800-325-3539 |
| Website: | www.meederfunds.com |
| Status: | Open |
| Inception Date: | October 31, 2016 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $1,000,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.61% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.76% |
| Share Class: | Meeder Global Allocation Retail |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
