Meeder Tactical Income Retail (FLBDX)
Meeder Tactical Income Retail operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Dublin, OH, US. The stock last traded at $9.57, up 0.00% on the session, giving a market capitalisation of $157.4M. Its beta of 0.49 implies it has historically moved less than the broad market.
The Meeder Tactical Income Retail fund primarily allocates a minimum of 80% of its net assets to fixed income investments. This is largely accomplished by investing in mutual funds and exchange-traded funds (ETFs) that target both domestic and international debt securities. The fund maintains flexibility regarding the duration of these fixed income holdings and can also leverage derivative instruments to gain exposure to the bond market. Additionally, up to 20% of its portfolio may be directed towards equity securities, which include preferred stock, convertible instruments, common shares, and Real Estate Investment Trusts (REITs).
Meeder Tactical Income Retail is most often compared with the following Financial Services names: