|
Investment Objective
Investment Strategy
Who May Want to
Invest?
Performance
Update
About the Investment Advisor
Portfolio Holdings
Miscellaneous
Investment Objective
The Flex-funds Money Market Fund seeks to
provide current income while maintaining a stable share price of $1.00. To
pursue this goal, the fund invests primarily in high-quality, short-term
money market instruments, such as securities backed by the full faith and
credit of the U.S. government, securit ies issued by U.S. government
agencies, or obligations issued by corporations and financial
institutions.
^ Top
Investment Strategy
The Flex-funds Money Market Fund seeks to provide
investors with competitive yields that place the Fund among the top 10% of
yields for all general purpose money market funds monitored by Lipper,
Inc.for all time periods.
To achieve this goal, The Money Market Fund presently
holds only first-tier securities that present minimal credit risk and are
rated in one of the top two short-term categories by leading credit rati
ng agencies. Up to 5% of the Fund's portfolio may be held in second-tier
securities. The Fund only purchases securities with remaining maturities
of 397 calendar days or less, and seeks to maintain a dollar-weighted
average portfolio maturity of 90 days or less.
Moreover, The Money Market Fund is able to offer
competitive yields relative to other general purpose money market funds by
aggressively reducing fund expenses and management fees. The Fund's
Investment Advisor has voluntarily waived a portion of its management fee
or voluntarily absorbed expenses every year since 1985 in order to boost
the yield of the Fund.
Investors in The Money Market Fund also enjoy great
benefits such as free check writing, exchanges, and withdrawals. Checks
can be written against your Flex-funds Money Market Fund account for as
little as $100. Additionally, your cancelled checks will be returned to
you at no charge -- a service most other money market funds do not
offer.
With the advantages of competitive yields,
convenience, and flexibility, The Flex-funds Money Market Fund makes an
ideal choice for short-term investments, whether you are seeking current
income or a liquid "parking place" for your money.
^ Top
Multiple Class
Fund
The Money Market Fund is a multiple class fund
with two classes of shares - Retail Class and Institutional Class. The
differing expenses applicable to the different classes of the Fund's
shares may affect the performance of the classes. Persons entitled to
receive compensation for selling or promoting the Funds' shares may
receive more with respect to one class than another.
^ Top
Who May Want to
Invest?
The Money Market Fund may be appropriate for you
if:
- you like to earn income at current money
market rates while preserving the value of your investment;
- you are looking for a short-term component
of an asset allocation program;
- you characterize your investment outlook as
"very conservative"; or
- you want to be able to move your money into
stock or bond in vestments quickly and without penalty.
The Money Market Fund may not be appropriate for you
if:
- you are investing for maximum return over a
long-term horizon.
^ Top
Performance Update
| Average Annual Total Returns
as of December 31, 2005 |
Retail
Class |
Institutional Class |
Three Months |
0.88% |
0.91% |
|
One Year |
2.85% |
2.99% |
|
Three Years |
1.61% |
- |
|
Five Years |
2.10% |
- |
|
Ten Years |
3.75% |
- |
|
Life of Fund |
5.04%* |
2.98%** |
* Inception Date 3/27/85
** Inception Date 12/28/04 |
|
|
Current and Effective
Yields***
as of December 31, 2005 |
Retail
Class |
Institutional Class |
| 7-day Simple Yield |
3.89% |
4.03% |
| 7-day Compound Yield |
3.96% |
4.11% |
| *
Yield quotations more closely reflect the current earnings of The
Money Market Fund than do total return quotations. |
| Annual Returns |
Retail Class |
| 2005 | 2.85% |
| 2004 |
1.06% |
|
2003
|
0.92% |
|
2002 |
1.59% |
|
2001 |
4.10% |
|
2000 |
6.20% |
|
1999 |
4.96% |
|
1998 |
5.31% |
|
1997 |
5.38% |
|
1996 |
5.27% |
|
1995 |
5.85% |
Past performance is not a guarantee of future
results.
Performance data indicates
period and average annual total returns as indicated and assumes
reinvestment of all dividend and capital gain distributions. The
investment return and principal value of an investment will fluctuate so
that an investor's shares, when redeemed, may be worth more or less than
their original cost. Management fees were waived and/or expenses were reimbursed in order to
reduce the operating expenses of The Money Market Fund during each period
shown above. To obtain a prospectus containing more complete information
about the Fund, including other fees and expenses that may apply to a
continued investment in the Fund, you may call The Flex-funds at
800-325-3539, or write P.O. Box 7177, Dublin OH 43017. You may also download a prospectus online or request a prospectus by mail. Please read the
prospectus carefully before investing.
An
investment in The Money Market Fund is neither insured nor guaranteed by
the U.S. Government or any other governmental agency. Although the Fund
seeks to preserve the value of your investment at $1.00 per share, there
is no guarantee that the Fund will be able to do so.
^ Top
About the Investment Advisor
Meeder Asset
Management
Since
1974, Meeder Asset Management has managed investment portfolios for
individuals and institutions through mutual funds, retirement plans, and
private investment accounts. A team of Meeder's portfolio management professionals oversees
the implementation of the investment strategy used to manage the Funds'
portfolio.
^ Top
Portfolio Holdings as of December 31, 2005
For the most recent month-end schedules of
complete portfolio holdings for all funds, click here.
^ Top
Ticker
FFMXX
CUSIP Number
339370504
Inception
Date
March 27, 1985 - Retail Class
December 28, 2004 - Institutional Class
Distributions
| Minimum Initial
Investment |
Retail
Class |
Institutional Class |
|
Traditional Accounts |
$2500 |
$1,000,000 |
|
IRA
Accounts |
$500 |
N/A |
|
Subsequent Investments |
$100 |
$100 |
^ Top
|
