Meeder Advisory Services Inc

ITEM 7 – TYPES OF CLIENTS                             investments, including Meeder mutual funds,
                                                      unaffiliated mutual funds, ETFs, closed-end
MAS offers investment advisory services to            funds, fixed income securities, individual equities
financial intermediaries, investment advisers,        and alternative investments.
retirement plans and retirement participants.
Strategist services are offered exclusively to        Meeder specializes in quantitative investment
broker-dealers, platforms, investment advisers        analysis. This is a method of evaluating securities
and other financial intermediaries who wish to        and other assets by analyzing large amounts of
offer the models to their clients. MAS offers         data through the use of quantitative models. Our
Retirement Plan Services to plan sponsors and         investment models consider a wide breadth of
their participants. Terms and conditions of MAS       factors – from traditional valuation and
services, including minimum account size, vary        profitability measures to momentum indicators,
among individual programs and are set forth in        to other price signals. This data universe,
the agreements or other documents describing          combined       with    our    proprietary   signal
the product or service.                               construction methodology and optimization
                                                      process, is used to create the proprietary models

MEEDER ADVISORY SERVICES, INC. | MARCH 12, 2026                                                    PAGE 10

that guide our investment process. Meeder            Concentration Risk. Some portfolios are
performs ongoing research to continually             concentrated in the Meeder Funds, which are
maintain and improve the effectiveness of its        managed by the same investment adviser. A
quantitative investment models and analysis.         strategy followed by MAS could adversely affect
                                                     all or most of the funds in the portfolio, causing it
Some strategies are customized to meet the
                                                     to perform worse than a portfolio diversified over
individual needs of our financial partners and may
                                                     multiple managers.
only be available to certain platforms or plans.
MAS designs and implements an asset allocation       Credit Risk. Corporate debt and other fixed
strategy for each of the portfolios and allocates    income securities are subject to the risk that the
assets across funds available on each platform       issuer will be unable to meet principal and
under the terms of each product or service. Each     interest payments on the obligation. A decline in
portfolio has its own objective and risk             the credit quality of a fixed income investment,
characteristics. Some portfolios include an          held directly or inside a fund or investment pool,
allocation to alternative asset classes, such as     could cause a loss in value. When interest rates
derivatives, commodities or other alternative        rise, the value of corporate debt securities
investments. MAS utilizes these methods of           typically declines. Changes in interest rates,
analysis and investment strategies to develop        economic conditions and default expectations
and manage the Meeder Investment Portfolios,         can impact the value of fixed income securities.
Multi-Manager Portfolios and Meeder Retirement
Portfolios.                                          Cybersecurity Risk. Cybersecurity breaches
                                                     may allow an unauthorized party to gain access
                                                     to MAS’s proprietary information or customer
Summary of Material Risks
                                                     data or cause MAS or its service providers to
                                                     suffer data corruption or lose operational
Investing in securities involves risk of loss.       functionality. Although MAS has established
Although MAS manages client assets in a manner       cybersecurity and data protection protocols,
consistent with the stated investment objective      there is no guarantee that these efforts will
and risk tolerance of the portfolio product, the     succeed or that a third-party service provider or
investment decisions we make may not produce         issuer will not suffer a cybersecurity breach and
the expected returns, may lose value, or may         related loss.
cause the account to underperform other
accounts with similar investment objectives.         Derivatives Risk. Some strategies may include
There is no assurance that a client’s investment     underlying funds that utilize derivatives, including
objective will be achieved. Material risks           futures and options. Derivatives are riskier than
associated with investments managed by MAS           other types of investments because they may be
include:                                             more sensitive to changes in economic or market
                                                     conditions and could result in losses that
Asset Allocation Risk. Many strategies rely          significantly exceed the original investment.
heavily upon allocation of assets among different    Derivatives also are subject to the risk that
asset classes to achieve their investment            changes in the value of a derivative may not
objectives through diversification. If asset         correlate perfectly with the underlying asset, rate
classes perform differently than expected, the       or index.
portfolio or account may perform worse than a
non-diversified portfolio or account.                Emerging Markets Risk. Investments in
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