FLBDX (FLBDX) Stock
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.
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About FLBDX
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).
FLBDX is headquartered in US.
FLBDX stock trades at $9.58 with a market capitalization of $157.61M. The stock is valued at a price-to-earnings (P/E) ratio of 30.22. Over the past 52 weeks the stock has ranged between $9.49 and $9.74, and currently trades 1.6% below its 52-week high. It pays a dividend yielding 4.37%.
Official website: www.meederinvestment.com/mutual-funds/meeder-tactical-income-fund/