Meeder Funds NPORT-P Meeder Quantex Fund (Sep 2020 report)

Schedule of Investments

September 30, 2020 (unaudited)

Quantex Fund

Security Description	Shares or Principal Amount ($)		Fair Value ($)(1)
Common Stocks - 91.3%
Communication Services - 3.1%
Amc Networks Inc (2)		12,565		310,481
Interpublic Group Of Cos Inc		21,465		357,822
News Corporation		34,041		475,893
				1,144,196
Consumer Discretionary - 19.3%
Adtalem Global Education Inc (2)		7,719		189,424
Borg Warner Inc		11,318		438,459
Brinker Intl Inc		10,267		438,606
Gap Inc		25,935		441,673
H & R Block Inc		20,891		340,314
Hanesbrands Inc		26,397		415,753
Harley - Davidson Inc		12,656		310,578
Jack In The Box Inc		4,325		343,016
Leggett & Platt Inc		8,975		369,501
Mohawk Inds Inc (2)		3,541		345,566
Newell Brands Inc		23,970		411,325
Papa John'S Intl Inc		5,621		462,496
Pultegroup Inc		12,846		594,641
Sally Beauty Holdings Inc (2)		24,296		211,132
Tapestry Inc		17,676		276,276
Tri Pointe Group Inc (2)		31,908		578,811
Visteon Corporation (2)		4,375		302,838
Whirlpool Corp		3,419		628,720
				7,099,129
Consumer Staples - 3.3%
Edgewell Personal Care Co (2)		10,566		294,580
Nu Skin Enterprises Inc		12,008		601,481
Sprouts Farmers Market Inc (2)		15,747		329,585
				1,225,646
Energy - 3.0%
Cabot Oil & Gas Corp		16,129		279,999
Cimarex Energy Co		8,287		201,623
Cnx Resources Corporation (2)		35,159		331,901
Hollyfrontier Corp		9,482		186,890
Patterson-Uti Energy Inc		29,462		83,967
				1,084,380
Financials - 7.0%
Assurant Inc		3,935		477,355
E*Trade Financial Corp (2)		6,005		300,550
Green Dot Corp (2)		6,644		336,253
Invesco Ltd		26,461		301,920
People'S United Finl Inc		32,243		332,425
Trustmark Corp		11,900		254,779
Unum Group		16,301		274,346
Wells Fargo & Co. (2)(6)		1		0
Zions Bancorporation N.A		9,370		273,791
				2,551,419

Healthcare - 13.4%
Abiomed Inc (2)	2,144	594,017
Allscripts Hlth Sol Inc (2)	50,019	407,155
Avanos Medical Inc (2)	10,482	348,212
Davita Inc (2)	7,092	607,430
Henry Schein Inc (2)	5,244	308,242
Ligand Pharmaceuticals Inc (2)	3,211	306,073
Mylan N.V (2)	25,625	380,019
Patterson Companies Inc	14,098	339,832
Perkinelmer Inc	5,376	674,742
Perrigo Co	10,276	471,771
Prestige Consumer Healthcare Inc (2)	13,090	476,738
		4,914,231
Industrials - 17.0%
A. O. Smith Corp	7,578	400,118
Alaska Air Group Inc	6,703	245,531
C.H. Robinson Wrldwde Inc	3,998	408,556
Deluxe Corp	9,480	243,920
Flowserve Corp	9,453	257,972
Fortune Brands Home & Security Inc	7,664	663,089
Healthcare Svc Grp Inc	11,330	243,935
Hni Corporation	13,217	414,749
Huntington Ingalls Industries Inc	2,046	287,975
Pentair Plc	10,942	500,815
Quanta Services Inc	12,758	674,388
Robert Half Intl Inc	7,754	410,497
Rollins Inc	8,470	458,989
Snap On Inc	2,440	358,997
Terex Corp New	15,385	297,854
Textron Inc	10,205	368,298
		6,235,683
Information Technology - 8.8%
Commvault Systems Inc (2)	8,667	353,614
Dxc Technology Company	11,663	208,185
F5 Networks Inc (2)	3,742	459,405
Flir Systems Inc	5,620	201,477
Inter Digital Inc	5,311	303,046
Ipg Photonics Corp (2)	2,035	345,889
Juniper Networks	21,409	460,294
Netscout Systems Inc (2)	12,594	274,927
Synaptics Inc (2)	4,591	369,208
Xerox Holdings Corporation	12,661	237,647
		3,213,692
Materials - 9.3%
Avery Dennison Corp	3,945	504,329
Carpenter Tech Corp	8,773	159,318
Cf Industries Holdings	10,202	313,303
Compass Minerals Intl Inc	6,345	376,576
Eastman Chemical Company	6,356	496,531
Greif Inc - Class A	8,865	321,002
Mineral Tech Inc	8,642	441,606
Packaging Corp Of America	2,946	321,261
Worthington Inds Inc	11,473	467,869
		3,401,795
Real Estate Investment Trust - 4.5%
Alexander & Baldwin Inc	2,339	26,220
Apartment Investment & Management Co	9,809	330,759

Corecivic Inc			28,895		231,160
Geo Group Inc			30,806		349,340
Kimco Realty Corp			21,509		242,191
Regency Centers Corp			6,230		236,865
Urban Edge Properties			23,246		225,951
					1,642,486
Utilities - 2.6%
Nisource Inc Hldg Co			11,328		249,216
Nrg Energy Inc			12,944		397,899
Pinnacle West Cap Corp			4,207		313,631
					960,746
Total Common Stocks	(Cost	$	34,139,518	)	33,473,403
Money Market Registered Investment Companies - 5.9%
Meeder Institutional Prime Money Market Fund, 0.10% (3)			2,166,522		2,167,388
Total Money Market Registered Investment Companies	(Cost	$	2,167,387	)	2,167,388
Bank Obligations - 2.0%
First Merchants Bank Deposit Account, 0.75%, 10/1/2020 (4)			247,626		247,626
Metro City Bank Deposit Account, 0.50%, 10/1/2020 (4)			231,575		231,575
Pacific Mercantile Bank Deposit Account, 0.01%, 10/1/2020 (4)			246,803		246,803
Total Bank Obligations	(Cost	$	726,004	)	726,004
Total Investments - 99.2%	(Cost	$	37,032,909	)	36,366,795
Other Assets less Liabilities - 0.8%					295,509
Total Net Assets - 100.0%					36,662,304
Trustee Deferred Compensation (5)
Meeder Balanced Fund - Retail Class			1,019		12,034
Meeder Dynamic Allocation Fund - Retail Class			2,551		31,071
Meeder Muirfield Fund - Retail Class			1,332		9,843
Meeder Conservative Allocation Fund - Retail Class			297		6,786
Total Trustee Deferred Compensation	(Cost	$	52,974	)	59,734

Futures Contracts
	Long (Short) Contracts	Expiration Date	Notional Value of Contracts ($)		Value and Unrealized Appreciation (Depreciation)($)
Index Futures
E-mini Standard & Poors MidCap 400 Futures	17	12/18/2020		3,155,030		(63,173	)
Total Futures Contracts	17			3,155,030		(63,173	)

(1)	Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments.  These inputs are summarized in the three broad levels listed below.
	• Level 1 - quoted prices in active markets for identical securities
	• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
	• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The following is a summary of the inputs used as of September 30, 2020 in valuing the Fund's assets carried at fair value:

Valuation Inputs	Investments in Securities		Other Financial Instruments (7)
Level 1 - Quoted Prices	$	35,640,791	$	(63,173	)
Level 2 - Other Significant Observable Inputs		726,004		-
Level 3 - Significant Unobservable Inputs		-		-
Total	$	36,366,795	$	(63,173	)

	The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.  For example, short-term debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940.  Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.
(2)	Represents non-income producing securities.
(3)	Investment in affiliate.  The yield shown represents the 7-day yield in effect at September 30, 2020.
(4)	Variable rate security.  Securities payable at par including accrued interest (usually within seven days notice) and unconditionally secured as to principal and interest by letters of credit or other credit support agreements from major banks.  The interest rates are adjustable and are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.  The rate shown represents the rate in effect at September 30, 2020. The maturity date shown, if applicable, reflects the earlier of the next demand date or stated maturity date.
(5)	Assets of affiliates to the Quantex Fund held for the benefit of the Fund's Trustees in connection with the Trustee Deferred Compensation Plan.
(6)	Fair valued security deemed as Level 3 security.
(7)	Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures contracts, which are valued at the unrealized appreciation/depreciation on the instrument.