Using our Aggressive Growth strategy, a constrained tactical strategy, this portfolio seeks growth of capital over a long-term time horizon with the goal of outperforming the broad stock market over a complete market cycle, while remaining fully invested in equities at all times. Our Aggressive Growth strategy shifts the portfolio between sectors, styles, global opportunities and capitalization ranges in a more concentrated manner than our Growth strategy. This portfolio is suitable for investors whose risk profile is such that they can tolerate volatility that is slightly greater than the stock market.
as of September 30, 2012
Portfolio Strategy Portfolio Holdings
Aggressive Growth 100%
The Flex-funds ® Aggressive Growth Fund 50%
The Flex-funds ® Dynamic Growth Fund 30%
The Flex-funds ® Strategic Growth Fund 10%
The Flex-funds ® Quantex Fund™ 5%
The Flex-funds ® Utilities & Infrastructure Fund 5%
Using The Flex-funds ® family of mutual funds, assets are invested in traditional mutual funds as well as fund-of-funds mutual funds. As a pioneer in fund-of-funds investing, we offer clients the opportunity to invest in mutual funds and ETFs that leverage the investment power of some of the top portfolio managers in the industry. For example, clients have access to tactical management using multiple diverse fund managers thoroughly vetted by our quantitative and qualitative Strategic Fund Selection process.
Large Cap Funds
S&P 500 Index Futures
Wells Fargo Advantage Growth
JPMorgan Disciplined Equity Instl iShares Russell 1000 Value Index
Oppenheimer Equity Income iShares Russell 1000 Growth Index
PowerShares QQQ
Vanguard Equity-Income Adm
Gabelli Equity Income
SPDR Dow Jones Industrial Average
Mid Cap Funds
S&P Mid Cap Index Futures 15.16%
The Flex-funds ® Quantex Fund TM 5.03%
Ivy Mid Cap Growth 1.82%
25.11%
8.62%
6.45%
5.11%
2.51%
1.95%
1.62%
1.47%
0.90%
0.55%
Small Cap Funds
RidgeWorth Small Cap Value Equity iShares Russell 2000 Growth Index
International Equity Funds iShares MSCI EAFE Index
Oppenheimer International Growth
Oppenheimer Developing Markets iShares MSCI Emerging Markets Index
0.45%
0.43%
6.97%
0.32%
0.31%
0.29%
Specialty Equity Funds
The Flex-funds ® Utilities & Infrastructure Fund 5.01%
Energy Select Sector SPDR
Health Care Select Sector SPDR
4.87%
2.45%
RS Technology iShares Dow Jones US Real Estate
RS Global Natural Resources
Materials Select Sector SPDR
1.14%
0.88%
0.42%
0.19%
See reverse for firm information and disclosure
6125 Memorial Drive, P.O. Box 7177, Dublin, Ohio 43017 Toll Free 866.633.3371 Local 614.766.7000 Fax 614.791.2572
www.meederfinancial.com

INVESTMENT ADVISER
Meeder Asset Management
INVESTMENT TEAM
Robert S. Meeder
President
Dale W. Smith, CFA
Chief Investment Officer
Clinton Brewer, CFA
Portfolio Manager
Robert W. Techentin
Portfolio Manager
Ted Clark
Client Portfolio Manager
Jason Headings, CMT
Asst. Portfolio Manager
FIRM OVERVIEW
Meeder Financial was established in 1974 as an investment management firm that worked primarily with individual investors and small retirement plans. Today, the company has grown to serve the needs of individual investors as well as corporate and institutional investors through retirement plans, private account management, variable annuity overlay management, cash management, and The Flex-funds ® family of mutual funds.
INVESTMENT PROCESS
Meeder Financial builds portfolios using quantitative and qualitative evaluation methods and employs both strategic and tactical allocation strategies in an attempt to maximize return while minimizing risk. To this end,
Meeder employs three main strategies when managing client assets. We call them the 3 W’s:
Why- Do we want to increase or decrease exposure to the markets?*
Our Defensive Investing discipline is designed to seek out the best opportunities for returns in the financial markets while managing the inherent risks of investing. Defensive Investing does not predict bull or bear markets, but responds to changes in the risk/reward relationships of the financial markets and seeks to safeguard an investor’s portfolio from bear market losses.
The Defensive Growth strategy seeks to preserve gains and minimize losses by shifting assets from equity funds to fixed-income securities and money market fund securities when our analysis determines the risk/reward relationship of the stock market to be unfavorable.
Our Fixed-Income strategy seeks to minimize volatility by shifting assets into short-, intermediate- or longterm bond funds depending on anticipated movements in interest rates. In addition to monitoring portfolio duration, our Fixed-Income models also attempt to determine the appropriate mix of government, high grade corporates, high yield, and global bonds.
Where- In the market do we want to be invested?
By examining factors such as fundamental indicators, interest rates and momentum indicators, we develop our investment theme. This includes determining which areas of the equity market to over or underweight (i.e. individual market sectors, value versus growth, global opportunities, capitalization ranges), as well as the appropriate mix of fixed income investments where applicable (i.e. government, high grade corporates, high yield, global bonds).
What- Securities can we invest in to participate in those areas of the market?
Once we have determined our investment theme, our
Fund Selection model uses additional quantitative data to determine which equity or fixed income investments are best suited to the current market climate. Using our extensive experience evaluating mutual funds, we then apply a qualitative overlay, including an in-depth due diligence process to determine the appropriateness of a given fund.
The result of this process is a diversified portfolio that aligns with an investor’s tolerance for risk, as well as the current market environment using mutual funds whose managers are experts in their respective disciplines.
*Does not apply to Growth & Aggressive Growth Portfolios
This sample allocation represents Meeder Financial’s Aggressive Growth Portfolio as of September 30, 2012. Investments in the Funds are not deposits with, or other liabilities of, any of the fund managers, and are subject to investment risk, including loss of income and principal invested in and possible delays in payment of redemption proceeds. The fund managers do not guarantee the performance of any Fund or any particular rate of return. Investing in securities involves inherent risks, including the risk that you can lose the value of your investment. There is no assurance that the investment process will consistently lead to successful results. Model portfolios are exposed to the risks of the funds in which they invest directly proportionate to their fund allocation. The allocations of those funds have changed over time and may change in the future. Returns and net asset values of funds may be affected by political or economic conditions as well as regulatory requirements. Investments in foreign securities may entail unique risks, including political, market and currency risks. Investors in stocks/equities should carefully consider all risks associated with investing including market risks. Stocks/equities are vulnerable to corporate and economic turmoil and are not guaranteed or FDIC insured.
Growth investments focus on stocks of companies whose earnings/profitability have been increasing over the short-term or the long-term period. These investments may provide minimal dividends. The value of these stocks may rise and fall significantly, and are vulnerable to corporate and economic turmoil. Investors should carefully consider the additional risks involved in Growth investments. Value investments focus on stocks of companies whose price is low relative to valuation factors. These investments are subject to risks that may never be realized, such as a stock later being deemed overvalued. Investors should carefully consider the additional risks involved in value investments. Investing in specific sectors such as real estate may be subject to different and greater risks such as declining real estate markets, property taxes, tax taws, and interest rates. Commodity market exposure is subject to enhanced volatility due to changes in overall market movements, changes in interest rates or sectors affecting a particular industry or commodity, and political, regulatory, and domestic and international economic developments. Investments in Infrastructure-related securities or companies have exposure to economic, regulatory, and political developments. They are subject to risks including construction programs, governmental regulations, compliance and environmental regulations, economic slowdown and, competition. Bond investors should carefully consider interest rate, credit, repurchase and reverse repurchase transaction risks. Risks such as increased volatility, limited liquidity, prepayment, non-payment and increased default risk, is inherent in portfolios that invest in high yield (“junk”) bonds or mortgage backed securities, especially when the securities have exposure to sub-prime mortgages. Strategic and tactical asset allocation and diversification do not assure profit or protect against loss in declining markets. Opinions and forecasts regarding sectors, industries, companies, countries and/or themes, and portfolio composition and holdings, are all subject to change at any time, based on market and other conditions, and should not be construed as a recommendation of any specific security, industry, or sector. Investors are advised to consider the investment objectives, risks, charges and expenses of The Flex-funds® carefully before investing. The Flex-funds® prospectus contains this and other information about the Funds and should be read carefully before investing. To request or receive a copy of The Flex-funds® prospectus, contact Shareholder Services at 800.325.3539 or visit www.flexfunds.com. To review the prospectus of other Fund companies, please contact those Funds directly.
6125 Memorial Drive, P.O. Box 7177, Dublin, Ohio 43017 Toll Free 866.633.3371 Local 614.766.7000 Fax 614.791.2572
www.meederfinancial.com