FLPXX — Institutional Prime Money Market
Data updated: 2026-05-14
FLPXX — Institutional Prime Money Market. Money Market · 0.39% expense ratio. Holdings, fees, performance and SEC filings.
FLPXX Fund Overview
FLPXX — Institutional Prime Money Market is a US mutual fund managed by Meeder Funds, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Meeder Funds
- Category: Money Market
- Ticker: FLPXX
- SEC CIK: 0000702435
- SEC series ID: S000055222
- Share class ID: C000173654
FLPXX Investment Objective and Strategy
Institutional Prime Money Market describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Meeder Funds.
Investment objective
The investment objective of the Government Money Market Fund (the Fund) is to provide current income consistent with liquidity and the preservation of capital.
Principal investment strategy
The Fund invests primarily in high-quality, short-term money market instruments. Under normal circumstances, at least 99.5% of the Funds assets are invested in cash, securities issued by the U.S. government and its agencies and instrumentalities, and repurchase agreements that are collateralized fully by securities issued by the U.S. government and its agencies and instrumentalities or cash. Although these securities are high-quality, some of the securities held by the Fund are neither guaranteed by the U.S. Treasury nor supported by the full faith and credit of the U.S. government. To be considered high quality, a security generally must be determined to present minimal credit risk. The Fund is a money market fund managed to meet the credit quality, maturity, portfolio diversification, and liquidity requirements of Rule 2a-7 under the Investment Company Act of 1940, as amended (1940 Act).
Consistent with these requirements, the Fund: ? Computes its price per share for purposes of distribution, redemption and repurchase by use of the amortized cost method of valuation to seek to maintain a stable net asset value (NAV) of $1.00; ? Only buys securities that present minimal credit risks and that are Eligible Securities under Rule 2a-7; ? Only buys securities with remaining maturities of 397 calendar days or less as determined under Rule 2a-7; ? Will not invest more than 5% of its total assets in the securities of a single issuer, other than in U.S. government securities or as permitted under Rule 2a-7; ? Will not hold more than 5% of its total assets in illiquid securities; ? Maintains a dollar-weighted average portfolio maturity of 60 calendar days or less; ? Maintains a maximum weighted average life maturity of 120 calendar days or less; ?
Maintains at least 25% of total assets in daily liquid assets as defined in Rule 2a-7; ? Maintains at least 50% of total assets in weekly liquid assets as defined in Rule 2a-7; and The Fund will, under normal circumstances, invest more than 25% of the value of its total assets in instruments issued by entities in the financial services group of industries. For this purpose, the financial services group of industries consists of securities issued by the U.S. government and its agencies and instrumentalities and repurchase agreements and loans collateralized by such obligations. The Fund may, however, invest less than 25% of the value of its total assets in this group of industries based on market conditions. The Fund operates as a government money market fund pursuant to Rule 2a-7. As a government money market fund, the Fund is not required to impose a liquidity fee on redemptions that might apply to other types of money market funds should certain triggering events specified in Rule 2a-7 occur.
Other than as set forth in the Statement of Additional Information (SAI), the investment policies and limitations of the Fund are not fundamental and may be changed by the Board of Trustees of the Meeder Funds without shareholder approval.
FLPXX Holdings
Top 10 holdings of Institutional Prime Money Market by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Gldmn Schs Fin Sq | 6.39% |
| Federal Home Loan Di | 3.53% |
| US Treasury Bill | 3.53% |
| US Treasury Bill | 2.47% |
| Federated Government | 2.44% |
| Tennessee Valley Aut | 2.35% |
| US Treasury FRN | 2.35% |
| US Treasury Bill | 2.34% |
| US Treasury Bill | 2.34% |
| US Treasury Bill | 2.34% |
FLPXX Costs and Fees
FLPXX costs about $39 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.39%
- Gross expense ratio: 0.54%
FLPXX Debt Constituents
No individual debt constituents are reported in Institutional Prime Money Market's latest SEC N-PORT filing.
FLPXX Prospectus and SEC Filings
Official Institutional Prime Money Market filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.