City Council Subcommittee - Administration & Finance
September 15, 2026

Malibu City Council
Administration and Finance Subcommittee
Special Meeting Agenda
Tuesday, September 15, 2026
9:30 A.M.

City Hall – Surfrider Room
23825 Stuart Ranch Road
Mayor Bruce Silverstein
Councilmember Doug Stewart
Call to Order
Roll Call
Report on Posting of the Agenda – Friday, September 11, 2026 Approval of Agenda
Public Comment This is the time for the public to comment on any items not appearing on this agenda.

Each public speaker shall be allowed up to three (3) minutes for comments. The Subcommittee may not discuss or act on any matter not specifically identified on this agenda, pursuant to the Ralph M. Brown Act.

Discussion Items

1. Presentations/Staff Updates
None.

2. Old Business
None.

3. New Business
A. Custodial Services Agreement
Recommended Action: Provide a recommendation to the City Council to appropriate $51,400 in Account No. 100-4010-5100-00 (Park Maintenance Professional Services) and Account No. 103-9050-5100-00 (City Hall Operations Professional Services).

Staff Contact: Kristin Riesgo, Community Services Director, Ext. 350

Administration and Finance Subcommittee
September 15, 2026, Special Meeting

B. Professional Services Agreement with Meeder Public Funds, Inc. for Investment Advisory Services
Recommended Action: Provide a recommendation to the City Council to enter into a three-year professional services agreement with Meeder Public Funds, Inc. for Investment Advisory Services.

Staff Contact: Christopher Smith, Assistant City Manager, Ext. 239 C. Adoption of Revised Job Classifications to Support Operational Efficiencies Recommended Action: Recommend that the Administration and Finance Subcommittee review and recommend City Council adopt the proposed revised job classifications to support departmental reorganization and operational efficiencies within the Public Works Department.

Staff Contact: Christopher Smith, Assistant City Manager, Ext. 239 D. Senior Management Analyst and Management Specialist Positions Recommended Action: Recommend that the Administration and Finance Subcommittee review and recommend that the City Council approve the proposed classification and staffing changes within the City Clerk and Public Safety Departments to support departmental operations, enhance project management capacity, and maintain City service delivery expectations.

Staff Contact: Christopher Smith, Assistant City Manager, Ext. 239 Adjournment
I hereby certify under penalty of perjury, under the laws of the State of California, that the foregoing agenda was posted in accordance with the applicable legal requirements. Special meeting agendas may be amended up to 24 hours in advance of the meeting. Dated this 11th day of September 2026, at 3:00 p.m.

Alyssa Gonzalez, Executive Assistant

Item #3.A.

Administration &
Finance Subcommittee
Special Meeting
09-15-26
Item 3.A.

Administration and Finance
Subcommittee Agenda Report
To: Mayor Silverstein and Councilmember Stewart
Prepared by: Kristin Riesgo, Community Services Director Approved by: Joseph D. Irvin, City Manager
Date prepared: September 1, 2026 Meeting date: September 15, 2026 Subject: Custodial Services Agreement
RECOMMENDED ACTION: Provide a recommendation to the City Council to appropriate $51,400 in Account No. 100-4010-5100-00 (Park Maintenance Professional Services) and Account No. 103-9050-5100-00 (City Hall Operations Professional Services).

FISCAL IMPACT: An additional appropriation is required for a three-year custodial services Agreement. The budgeted amount in the Fiscal Year 2026-27 is $115,000 and the new proposed annual cost for custodial services is $166,400.

STRATEGIC PRIORITY: N/A
DISCUSSION: On June 1, 2026, the City released a Request for Proposals (RFP) to solicit proposals from qualified firms interested in providing custodial services for Malibu City Hall and City parks. Custodial services are required five days a week at City Hall and seven days a week, 362 days a year, at six City parks.

Proposals for the RFP were due on July 15, 2026. The City received thirteen (13) proposals in response to the RFP. Following a review of the proposals submitted, staff selected and interviewed the four contractors that provided comprehensive responses.

Following the interviews, staff contacted references, verified the cost proposals, and confirmed the contractor’s specifications in their submitted proposal. Based on the information, staff selected, Executive Facilities Services, Inc. (EFS).

EFS has indicated they will schedule dedicated personnel to the City of Malibu including one dedicated supervisor and two people servicing Malibu Bluffs Park and Malibu City Hall (total 3) and two people will be cleaning all City parks. This increases services by one to two people compared to the current contract. The agency focuses on employee retention

Item #3.A.
by offering competitive hourly wages and health benefits in addition to continuous training in safety practices and compliance.

The cost for annual custodial services from the top four candidates ranged from $142,416 to $166,400. However, the number of custodial staff varied from one to three personnel servicing City facilities.

EFS has excellent references and has existing contracts from the City of Thousand Oaks, Conejo Recreation & Park District, City of Tustin, City of Costa Mesa, and several other public and private agencies.

ATTACHMENTS: None

Agenda Item 3.B.

Administration &
Finance Subcommittee
Special Meeting
09-15-26
Item 3.B.

Administration and Finance
Subcommittee Agenda Report
To: Mayor Silverstein and Councilmember Stewart
Prepared by: Renée Neermann, Financial Controller
Reviewed by: Christopher Smith, Assistant City Manager
Approved by: Joseph Irvin, City Manager
Date prepared: September 2, 2026 Meeting date: September 15, 2026 Subject: Professional Services Agreement with Meeder Public Funds, Inc for Investment Advisory Services
RECOMMENDED ACTION: Provide a recommendation to the City Council to enter into a three-year professional services agreement with Meeder Public Funds, Inc for Investment Advisory Services.

FISCAL IMPACT: No additional appropriation is required. Meeder Public Funds, Inc will deduct fees from the City’s investment earnings, and an account statement will reflect the amount withdrawn for the fee in any period. Budget for Investment Earning Revenues is included in the Adopted Budget for FY 2026-27 in Account No. 100-0000-3501-00 Interest Earnings. Investment Advisor expenditures are included in the Adopted Budget for FY 2026-27 in Account No. 100-7054-5100-03.

The investment advisory fee that Meeder Public Funds will charge the City is inclusive of all fees associated with the management of the City’s account and also includes the following services:
 Investment Policy Review
 Cash Flow Analysis
 Portfolio Management
 Reconciliation
 Reporting – Monthly, Quarterly, Annually
 Best Execution
 Compliance Monitoring

Agenda Item 3.B.
 Credit Analysis
 Online Customer Portal
 Meetings with City staff, Subcommittees, and City Council  Staff and Council Training / Education
Meeder Public Funds will charge the City under the following tiered fee schedule.

Amount of Assets Under Management Annual Advisory Fee
$0 - $25 million 0.10%
$25 - $50 million 0.08%
$50 - $100 million 0.06%
Over $100 million 0.04%
There is a minimum annual advisory fee of $15,000.

STRATEGIC PLAN IMPLEMENTATION: N/A
DISCUSSION: Since 2012, the City has utilized the services of Gomberg McQuilken Wealth Management Group as the primary registered broker-dealer for investments. In 2023, Council directed staff to look for ways to maximize investment opportunities and staff sought to hire an independent Investment Advisor, registered as such with the Securities and Exchange Commission (SEC) or the State of California, to act in a fiduciary capacity and not as a broker / dealer. Due to higher-priority operational demands, the RFP process was delayed.

On January 12, 2026, City Council directed staff to develop and issue an RFP for City Treasurer and Investment Advisory Services and assigned the Administration and Finance Subcommittee to review the proposals and make a recommendation to the City Council regarding the selection of a City Treasurer and Investment Advisor.

The original solicitation, which combined Treasury Service and Investment Advisory Services into a single procurement, was issued on February 18, 2026. Following review, staff determined that conducting separate procurements would better serve the City’s interests by allowing each service to be evaluated independently. Accordingly, the original solicitation was canceled and reissued as two separate RFPs – one for Investment Advisory Services and one for Treasury Services – to better reflect the distinct scopes of work and encourage broader competition. The separate RFPs were issued on May 5, 2026, and closed on May 29, 2026.

For Investment Advisory Services, the City received eight proposals. Staff evaluated the proposals on qualifications, experience, scope of services offered, methodology, and cost.

Based on this evaluation, staff invited three firms to participate in interviews, including their proposed investment advisory teams. Each firm was asked to prepare a brief overview of the company, experience providing services to public agencies as described in the RFP, and detail the proposed services, timelines and responsibilities. The interviews also

Agenda Item 3.B.
provided an opportunity for staff to ask questions. Staff asked two of the firms back for a second interview so that the City Council appointed Treasurer, Ms. Ruth Quinto, could interview the teams. Staff reached out to references and to other California cities not listed as references to inquire about experiences. Based on this extensive process, staff identified Meeder Public Funds, Inc as the proposer that best aligns with the City’s needs and recommends selection of Meeder as the City Investment Advisory Firm.

Meeder has extensive experience providing investment advisory services to more than 400 public agencies nationwide and has more than $180 billion of assets under advisement. Meeder has a long and established presence in California and expertise in California’s regulatory requirements. The team that would be assigned to the City of Malibu has frequently provided presentations to City Councils, California Society of Municipal Finance Officers (CSMFO), California Municipal Treasurers Association (CMTA), California Association of County Treasurers and Tax Collectors (CACTTC).

The agreement provides for fiduciary investment advisory services including an annual review of the investment policy, meeting the City’s investment goals and strategies, and monitoring market conditions for both operating and capital project funds. Presentations to City Council and Subcommittees, training, monitoring compliance, and reporting capabilities are also provided as part of the service.

ATTACHMENTS: Investment Advisory Services Proposal from Meeder Public Funds, Inc.

Meeder Public Funds Service Appendix

City of Malibu
Request for Proposals for Investment Advising Services
MAY 29, 2026

2 Cover Letter/
Executive Summary
To the City of Malibu,
We are pleased to submit our proposal for Investment Advisory Services to the City of Malibu. With over 35 years of experience managing the investment portfolios of public entities on a fiduciary basis and the continued dedication to use our resources to provide exemplary service to our clients, Meeder is uniquely positioned to help the City of Malibu establish a financial foundation on which it can thrive going into the future. Meeder is committed to helping the City of Malibu achieve its objective of maximizing income, while focusing on the preservation of principal, maintenance of liquidity, and complying with California Government Code and the City of Malibu investment policy.

We currently manage and advise the investment portfolios for more than 400 public entity clients as of 12/31/2025 and are committed to executing all items outlined in the Scope of Services. Our proposal is a firm offer good for a 150 calendar-day period beginning on May 29, 2026.

At Meeder, we pride ourselves on living up to a simple mantra that we want all of our clients to experience throughout our relationship:

With you. For you.
» Experience: Meeder brings a unique combination of advisory and investment expertise to the table for our clients. Our team includes 7 individuals that have been in your shoes, serving in your roles at public entities, including positions at the state, county, and city levels. That experience, combined with a team of Portfolio Managers that average more than 18 years of fixed income experience makes Meeder uniquely qualified to help your team navigate through all situations the City may face. » Holistic Approach: We will work with the City to take a holistic approach to the investment of your funds, focusing on your entire financial picture. We will review your cash flow and offer recommendations on all aspects of your treasury management process.

This is the difference between a true advisor and a manager who simply manages a portion of City funds. » Trusted Advisors: Our goal truly is to be viewed as your trusted advisor. We are here for you in all aspects of your treasury management program, not just the investment of your funds. Lean on our team and experience for any questions that may arise.

If we don’t have an answer, odds are that one of our clients has experienced something similar and we can get you the assistance you need, no matter the topic.
» Non-Discretionary Portfolio Management: We currently work with more than 100 clients on a non-discretionary basis. While nondiscretionary accounts may be a one-off account for some advisory firms, they are a core part of what we do. We are confident our expertise, communication, and stream-lined process will lead to a superior investment experience for the City.

Jason Headings, CMT®
, is authorized to make representations for the organization and serves as Senior Vice President for Meeder Public Funds, Inc.

We have no exceptions with the City’s terms and contract conditions stated in this RFP, including , but not limited to, insurance and the Agreement for Professional Services. Also we are confirming that key personnel, or equally qualified replacements, will be committed to perform the required tasks as set forth in the RFP throughout the duration of the contract. Meeder respectfully requests that the client information on pages 5 and 20 of this response be excluded from any public information request relating to this RFP on the basis that it constitutes a trade secret.

We look forward to your review of our credentials and hope to develop a long-term relationship with the City of Malibu, where we are confident we could add significant value to the City of Malibu’s investment program.

Respectfully,
JASON HEADINGS, CMT®
SR. VICE PRESIDENT
614.760.2111
[email protected]
1111 West Ocean Boulevard, 4th Floor, Long Beach, CA 90802

3 Contents
EXPERIENCE OF FIRM(S) AND INDIVIDUALS 4
TEAM ORGANIZATION 8

PROJECT UNDERSTANDING AND
APPROACH/METHODOLOGY 10
CONFLICT OF INTEREST 18
EXCEPTIONS 18
COST PROPOSAL 19
REFERENCES 20
APPENDIX 21
Privacy Policy 22
Terms of Services – Non-Discretionary Accounts 23
Form ADV Part 1 25
Form ADV Part 2A 66
Form ADV Part 2B 78

MEEDER PUBLIC FUNDS
1111 West Ocean Boulevard, 4th Floor, Long Beach, CA 90802

1.866.633.3371 | meederpublicfunds.com

4 Experience of Firm(s)
and Individuals
Provide a summary of the company’s qualifications, credentials and related past experience. List up to five (5) experiences consistent with the Preliminary Scope of Work. Preferably with public agencies. The references should include the start date of the project and the date of completion for each project. Include summary descriptions of the company’s (or companies’) and individuals’ applicable experience, and resumes detailing their experience with the scope above. Detailed resumes highlighting experience pertinent to this project should be provided in an Appendix.

These resumes will not be counted in the page limit.

ABOUT MEEDER PUBLIC FUNDS
Founded in 1990,
advising public entities
for 35+ years
Among the largest managers
of public funds in the
United States
Meeder Investment Management,
parent company of
Meeder Public Funds, Inc.

Specialized expertise in
managing both operating
and project funds
Meeder Public Funds has assets
under advisement of over
$180 billion as of 12/31/25*
Long-standing history
of investing public funds
in California
Partner to 400+
public entities
nationwide
National presence
with offices in:
» Columbus, Ohio
» Long Beach, California
» Austin, Texas
» Denver, Colorado
» Lansing, Michigan
» Las Vegas, Nevada
» Phoenix, Arizona
» Salt Lake City, Utah
Customized solutions for:
» Cities, counties, states, and townships
» School districts, libraries, and higher
education institutions
» Special district and municipal authorities
*Assets under advisement consist of $64.13 billion of regulatory assets under management for which Meeder Public Funds provides continuous and regular investment management services as disclosed in its Form ADV, and $120.41 billion of non-discretionary assets as to which Meeder Public Funds provides strategic advice or consultation but does not have the authority to effectuate transactions.

5 Experience of Firm(s)
and Individuals
Experience Managing Public Funds in California
Meeder Public Funds has earned the trust of California state and local governments for more than 30 years through a steadfast commitment to client objectives and a disciplined approach to managing public assets. With experience across multiple interest rate cycles, we understand how changing market conditions can impact public portfolios and how to adapt strategies while remaining focused on safety, liquidity, and dependable income generation. Working within the requirements of California Government Code Section 53601, we help municipalities and public agencies implement compliant investment strategies, optimize portfolio structure, and align investment decisions with each entity’s cash flow needs, reporting requirements, and governing objectives.

Experiences Consistent with Preliminary Scope of Work

CITY OF REDONDO BEACH
Client Since 2023
Project: $40 million
Description of Services: Non-discretionary investment
management

CITY OF LAGUNA BEACH
Client Since 2024
Project: $100 million
Description of Services: Discretionary investment management

CITY OF WHITTIER
Client Since 2023
Project: $245 million
Description of Services: Discretionary investment management

CITY OF ALISO VIEJO
Client Since 2024
Project: $30 million
Description of Services: Discretionary investment management Detailed resumes are included in the Appendix.

6 Experience of Firm(s)
and Individuals
Team Resumes
Advisory Team

PRIMARY CONTACT
GREG BALLS, CFA®

DIRECTOR, ADVISORY SERVICES
» Chartered Financial Analyst®
» Utah State University, B.S. Finance
and Economics
» Over 16 years of investment
management experience
Greg is a Director of Advisory Services for
Meeder, with over 16 years of experience
in the industry. He assists clients with
cash flow analysis, portfolio strategy and
implementation, asset allocation, credit
reviews, investment policy reviews, and
economic/market updates. Prior to joining
Meeder, Greg was the Assistant Chief
Investment Officer for FHN Main Street.

Greg has served in the public sector as a
portfolio manager for the State of Florida,
with over $20 billion in assets under
management. He also worked for Zions
Bank both as a broker/dealer and portfolio
manager for institutional accounts,
including state and local governments.

Greg speaks at several conferences in
the State of California including CSMFO,
CMTA, and CACTTC.

Email: [email protected]

ADDITIONAL CONTACTS

PAULINA WOO

MANAGING DIRECTOR, PUBLIC FUNDS
» University of California, Berkley,
M.A. History
» University of Texas at Austin,
B.A. Ancient History and History
» Over 18 years of investment advisory
and treasury management experience
Paulina Woo serves as Managing Director,
leading teams that deliver customized
investment solutions for municipalities,
nonprofits, and institutional investors.

She brings more than 18 years of
experience providing investment advisory
and treasury management services to
institutional and government clients
across the western U.S. Paulina is active
in several public finance associations and
frequently speaks on investment strategy
and risk management.

Email: [email protected]
JASON HEADINGS, CMT®
SR. VICE PRESIDENT
» Chartered Market Technician®
» Miami University, B.S. Finance,
B.S. Marketing
» Over 18 years of investment
management experience
» Over 18 years of local government
investment pool experience
In his role as Senior Vice President,
Jason leads the advisory team at Meeder
Public Funds. Jason previously served as
Director of Fixed Income at Meeder where
he oversaw all fixed income portfolios at
Meeder and the credit analysis process. In
his current role, Jason is responsible for all
client relationships as well as continuing
to serve as a member of both the
Investment and Credit Committees. Jason
regularly participates alongside clients
in ratings calls and interviews. Jason is a
regular educator at industry events and
conferences across the country.

Email: [email protected]

7 Experience of Firm(s)
and Individuals
Investment Team
JASON SZABO, CFA®

DIRECTOR OF FIXED INCOME
» Chartered Financial Analyst®
» The Ohio State University,
B.A. Economics
» Over 10 years of investment
management experience
Jason leads the Meeder Public Funds
Investment Management team. He
is responsible for oversight of the
implementation of our strategies and
trade execution analysis. Jason serves as
Chair of both our Investment and Credit
committees, as well as serving on the
Trading and Best Execution Committee.

Jason is highly experienced with the S&P
PSFR methodology and GASB 79.

Email: [email protected]
JACOB BILLHARTZ, CFA®

PORTFOLIO MANAGER
» Chartered Financial Analyst®
» Western Kentucky University,
B.S. Economics and B.S. Finance
» Over 9 years of financial services and
investment management experience
Jacob is responsible for managing and
trading public fund client accounts and
contributing to economic research.

Jacob is involved in developing
recommendations to our investment
strategies. He also oversees the analysts
on the investment team.

Email: [email protected]

AMISHA KAUS

PORTFOLIO MANAGER
» Indiana University of Pennsylvania,
M.B.A.
» Indiana University of Pennsylvania,
B.S. Finance
» Over 15 years of investment
management experience
Amisha is responsible for management
and execution of public fund client
accounts. She previously managed
fixed income portion of Meeder funds,
separately managed accounts and model
portfolios, conducted sector and security
research, and developed proprietary
quantitative models.

Email: [email protected]
7

8 Team Organization
Provide an organization chart of your team. Describe its organization, and the responsibilities and level of commitment of individuals within the team. Identify team’s “key” personnel members. Describe why each team member is proposed for their respective positions or roles on the team. Identify who will be the Project Manager responsible for services requested and interaction with City staff. Provide the availability (in percentage) of each key personnel that will be assigned to this contract.

MEEDER PUBLIC FUNDS ORGANIZATIONAL CHART

BOB MEEDER

PRESIDENT & CEO

JASON HEADINGS

SVP, PUBLIC FUNDS

RACHAEL

BROYLES
SR. ADVISORY

COORDINATOR
EILEEN
STANIC

MANAGING

DIRECTOR,

ADVISORY

SERVICES
NICK

VACCARI

MANAGING

DIRECTOR,

ADVISORY

SERVICES
GABE

PHILLIPS

DIRECTOR,

ADVISORY

SERVICES

KATHERINE
ARNOLD

ADVISORY

SERVICES

CONSULTANT
JIM McCOURT DIRECTOR,

ADVISORY

SERVICES
SCOTT
GRUBER

MANAGING

DIRECTOR,

ADVISORY

SERVICES
HAROLD

MEADOWS

ADVISORY

SERVICES

CONSULTANT
PETE

FEDERICO
SR. MANAGER,

PUBLIC FUNDS

REPORTING

MIKE KLOACK DIRECTOR,

ADVISORY

SERVICES

BEN SEHY

DIRECTOR,

ADVISORY

SERVICES
BARRY

BAUGHIER

DIRECTOR,

ADVISORY

SERVICES

RICK PHILLIPS SVP, CHIEF

INVESTMENT

STRATEGIST
TONYA
DAZZIO

DIRECTOR,

ADVISORY

SERVICES

SHANNON

BOGGESS

OPERATIONS

SPECIALIST

GREG BALLS

DIRECTOR,

ADVISORY

SERVICES

JONATHAN AZOFF

SVP, PUBLIC FUNDS

FIXED INCOME PUBLIC FUNDS

OPERATIONS
JASON

SZABO DIRECTOR OF

FIXED INCOME

DAVID KLINK

DIRECTOR OF
CREDIT

RESEARCH

GREGORY

FISHER CREDIT ANALYST
JACOB

BILLHARTZ

PORTFOLIO

MANAGER

WIL BROWN

INVESTMENT

ANALYST
DAVID

MESERVE

PORTFOLIO

MANAGER
ANDREW

MUSSELMAN

PORTFOLIO

MANAGER

AMISHA KAUS PORTFOLIO

MANAGER
ROBERT

TECHENTIN

PORTFOLIO

MANAGER

CHARLENE
FISHER SR. MANAGER,

PUBLIC FUNDS

OPERATIONS

JUDIANN

KOWALSKI
SR. OPERATIONS

SPECIALIST
KATIE

HOLCOMB

OPERATIONS

SPECIALIST
GAGE

SCHEIDERER

OPERATIONS

SPECIALIST

KIM BURT

OPERATIONS

SPECIALIST

PHILLIP
JONES

DIRECTOR,

ADVISORY

SERVICES
SHRAYA

MARRI FIXED INCOME

ANALYST
EVAN

SAYLOR CREDIT ANALYST

ADVISORY

PAULINA

WOO MANAGING

DIRECTOR,

ADVISORY

SERVICES
DAVID

SHECHTMAN DIRECTOR,

ADVISORY

SERVICES

KAIT GLASS

RFP SPECIALIST
ANDY

ROBBINS

DIRECTOR,

ADVISORY

SERVICES
JACE

RICHARDS

ADVISORY

SERVICES

CONSULTANT
JASON

WILLIAMS

MANAGING

DIRECTOR,

ADVISORY

SERVICES
JORDAN
HANSEN SR. PORTFOLIO

MANAGER

DAN RUSK

PORTFOLIO

MANAGER
8

9 Team Organization
Key Staff
Meeder’s team is structured to provide dedicated advisory support, active investment management, and senior-level oversight. Each team member has clearly defined responsibilities and a high level of engagement to ensure consistent execution and alignment with the City of Malibu’s objectives. All key personnel will be 100% available to serve the City’s needs.

ADVISORY TEAM: PRIMARY CLIENT ENGAGEMENT
Greg Balls and CFA® charter holder, serves as the primary point of contact and is responsible for overall relationship management and advisory services to the City. His responsibilities include ongoing communication with City staff and stakeholders, investment policy review and guidance, cash flow and liquidity planning, and coordination of reporting and deliverables. He will be actively involved in all client meetings and will provide proactive recommendations based on market conditions and portfolio performance. His role ensures that the City’s objectives remain central to all investment decisions and that governance best practices are consistently supported.

INVESTMENT TEAM: PORTFOLIO MANAGEMENT AND IMPLEMENTATION Jason Szabo, Director of Fixed Income and CFA® charter holder, leads implementation of public funds investment strategies and oversight of portfolio management activities. He supervises portfolio construction, sector allocation, trade execution and research efforts, ensuring compliance with the City’s Investment Policy Statement. He is a member of the firm’s Investment and Credit Committees.

He is supported by Jacob Billhartz, CFA®
, and Amisha Kaus who are responsible for fixed income portfolio management, trade execution, and ongoing portfolio monitoring. They play an integral role in implementing investment strategies, identifying relative value opportunities, and ensuring efficient execution. The investment team is engaged on a continuous basis, providing active management and oversight of the City’s assets.

MANAGEMENT & OVERSIGHT: STRATEGIC OVERSIGHT AND GOVERNANCE Paulina Woo and Jason Headings provide senior leadership and oversight of the City’s investment program. Their responsibilities include setting strategic direction, overseeing risk management practices, and ensuring consistency with Meeder’s investment philosophy and process. They are involved in periodic reviews, investment committee oversight, and are available for client meetings as needed, particularly for strategic discussions or during periods of market volatility. Their involvement provides an additional layer of experience and governance, reinforcing Meeder’s disciplined approach.

INTEGRATED TEAM APPROACH
This structure ensures that the City benefits from dedicated day-to-day engagement, supported by experienced portfolio managers and senior leadership oversight. Responsibilities are clearly defined, yet highly collaborative, allowing for timely decision making, consistent communication, and comprehensive coverage across all aspects of the investment program.

The City will be supported by Greg Balls, the dedicated primary relationship manager along with advisor support team, and investment professionals. In the event the primary relationship manager is unavailable, another member of the Meeder team will be available to assist with questions or requests, and all inquiries will be responded to promptly.

10 Project Understanding and
Approach/Methodology
Prepare a summary description of how the consultant will address the Scope of Work presented above. Briefly describe your firm’s investment management philosophy, including your approach to managing governmental portfolios.

Investment Management Philosophy
When selecting an investment advisor, it is important to choose a partner whose investment philosophy aligns with the City’s objectives and operating needs. Meeder believes public fund portfolios should be managed to generate consistent, forecastable income that supports budgeting needs while preserving principal and maintaining appropriate liquidity. For municipalities, dependable income can be just as important as headline performance because it provides confidence in future revenues and strengthens financial planning.

Our approach is driven first by the City’s cash flow needs, liquidity profile, and current market opportunities. While benchmarks can be useful reference points, we believe portfolio strategy should be customized to the City’s unique circumstances rather than managed solely to track an index.

The graph below illustrates the difference between a book-income-oriented approach and total return results, which can be more volatile because they include market price fluctuations in addition to income. Many municipalities prioritize book yield and realized income because those measures align more directly with annual budgeting processes, whereas budgeting around unrealized gains or losses can be less practical in changing rate environments.

BOOK YIELD/INCOME INVESTING
» Strategy is flexible and driven by
economic outlook
» Minimize the potential for loss realization
» Focused on generating interest income
vs.

TOTAL RETURN INVESTING
» Strategy driven by benchmark
» Strategy changes based upon changes to the
benchmark
» Focused on performance relative to the benchmark
ICE BOFA 2 YR T-NOTE INDEX
Weighted Yield vs Total Return
-4
-2
0 2
4 6
8 10
12 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

PERCENT
Weighted Yield
(24 Month Avg Yield)
.3%

11.1%
-4.2%
Total Return
25 SOURCE: BLOOMBERG

11 Project Understanding and
Approach/Methodology
Features & Functionality
Meeder Public Funds will deliver the City’s portfolio advisory services through a disciplined, policy-driven process that prioritizes safety, liquidity, compliance, and competitive return. We will act solely in a fiduciary, advisory, and administrative capacity with all investment authority and custody retained by the City and its third-party custodian. Our role is to provide expert recommendations, execute trades to fulfill an agreed upon strategy, and maintain comprehensive records and reporting to support City oversight and statutory compliance.

DAILY OVERSIGHT » Continuous day-to-day monitoring of the portfolio market conditions, relative value, and yield-curve dynamics
» Timely written recommendations aligned with the City’s Investment Policy and applicable state law, each supported by clear rationale (credit, liquidity, maturity, and market context)

LIQUIDITY AND CASH-FLOW

ALIGNMENT
» Collaboration with City staff to understand projected cash needs and design/ maintain a laddered maturity structure
» Ongoing adjustments to recommendations as cash flows change, minimizing reinvestment risk and avoiding forced sales

CREDIT, RISK, AND SPREAD

SURVEILLANCE
» In-house credit and risk oversight tracking issuer fundamentals, sector exposure, ratings trends, and spread movements.
» Prompt notification to the City of material credit events, with impact analysis and prudent, policy-compliance options

BROKER-DEALER DUE DILIGENCE

AND BEST EXECUTION
» Use an approved broker-dealer list subject to ongoing financial, regulatory, and performance review
» Competitive pricing obtained from multiple dealers for each authorized trade and full documentation of bids/offers, execution price, and counterparties

REPORTING AND GOVERNANCE

SUPPORT
» Monthly reports with detailed holdings, book/market values, cash flows, performance results, and compliance testing
» Quarterly presentation to staff/oversight bodies including performance versus benchmarks, creditworthiness updates, and market outlook » Annual Investment Policy review with written recommendations for enhancements or updates

12 Project Understanding and
Approach/Methodology
Strategies
The markets change and your investment strategy should too. We recognize the need to generate cash-basis income and add value through the following strategies:

BREADTH OF PRODUCT
» Our team will monitor and have the ability to utilize all asset classes permissible under California Government Code and the City’s investment policy
» We utilize asset classes depending upon the current market conditions and what is in the best interest of our clients » Issuer specific research provides additional levels of due diligence, thereby keeping clients invested in only the highest quality issuers, not relying on standard rating criteria to dictate the issuers we invest in

EXTENSIVE DEALER NETWORK
» To ensure the best price/execution on all trades, we trade with a list of local and nationally recognized broker-dealers
» We have access to over 40 broker-dealers, along with a wide range of Minority-Owned, Woman-Owned, and ServiceDisabled Veteran-Owned Enterprises » We pride ourselves on our ability to utilize this extensive network to find the best securities and pricing for our clients » Each transaction is documented and ticketed directly to the client for reconciliation purposes
» Our extensive dealer network often provides our clients with additional yield through execution that might not be available to clients that use only one or two brokers

ASSET ALLOCATION
» Our team continuously monitors the merits of all permissible Investments for each of our clients
» Depending on economic conditions, the shape of the yield curve and relative spreads, one asset class may provide greater value over another
» Our investment team will strategically shift allocations among the various asset classes in order to capitalize on these market opportunities
» We recognize the importance of generating cash-basis income, and if an opportunity presents itself to proactively trade a portfolio, we always bring it to our client’s attention first

DURATION MANAGEMENT
» Our managed portfolios are constructed and positioned to enhance performance through duration management,
as deemed appropriate for the anticipated interest rate environment
» We use proprietary models designed to attempt to forecast the direction of intermediate-term rates
» Depending on the outlook for interest rates, we will alter the structure of securities utilized within the portfolio, increasing or decreasing optionality, as appropriate
» Typically, we purchase with the intent to hold to maturity, but do engage in proactive management strategies when we identify opportunities to rebalance

PORTFOLIO RIGHT-SIZING
» Our investment approach looks at your entire financial picture and the confluence of multiple portfolios
» We will not only assist you in determining the strategy but how and when to invest your portfolio funds as conditions change » In addition, we look at how much should be invested under your cash flow, how long should you be investing, and if your bank/ pool rates are competitive
» We call this process right-sizing your core investment portfolio and believe this can have the most immediate impact to the City’s current investment program

13 Project Understanding and
Approach/Methodology
Risk Management
With over 35 years of providing customized investment advisory services to public entities, Meeder employs a highly disciplined investment style. Our investment philosophy centers on providing consistent solutions to meet the ever-changing needs of our clients.

We accomplish this through highly quantitative, model guided investment strategies. The investment process seeks to mitigate portfolio risk in a variety of ways. Below are some of the main risks we address through our investment process:

LIQUIDITY RISK We work with each client on the cash flows of their entity to make sure that we have structured the portfolio to withstand not only their day-to-day cash flow needs, but also unexpected cash flows. We do this by making sure that portfolios not only have a proper amount maturing to meet those needs, but that we also purchase liquid investments that could be sold easily in the event of a cash need.

DURATION RISK Our quantitative models consider interest rate spreads and current economic factors to determine optimal positioning of the investments. This allows for efficient portfolios and active management to hedge away forward movement of rates and minimize shocks to the portfolio caused by movements in interest rates.

CREDIT RISK All issuers undergo additional tests by our dedicated credit team to ensure they meet our strict credit quality metrics beyond what the state statute and the client’s investment policy allows. These tests create stress scenarios to evaluate each issuer’s ability to withstand extreme situations and must have strong liquidity ratios prior to us approving them for purchase.

REINVESTMENT RISK Our investment process is designed to ensure that portfolios always have regular maturities and cash flows to minimize the risk that a significant portion of the portfolio would be subject to reinvestment in lower yielding securities or subject to adverse market conditions. This also allows the yield of the portfolio to steadily rise as funds are reinvested at higher rates during a rising interest rate environment.

CONCENTRATION RISK We work to limit any one individual security from negatively impacting the portfolio by diversifying asset classes within the portfolio, and by limiting the percentage any one corporate issuer represents in the portfolio to not exceed 5% or a lower percentage as outlined in the investment policy.

14 Project Understanding and
Approach/Methodology
Credit Research

CREDIT COMMITTEE AND TEAM
The Fixed Income Investment Team includes a dedicated Director of Credit Research and two Credit Analysts. Meeder also has a credit committee of nine investment professionals that include analysts dedicated to daily credit analysis. The objective of the credit committee is to continuously monitor the credit markets for any signals of stress that could adversely affect the holdings within credit portfolios.

Our in-house research team monitors corporate issuers in the marketplace, determining our approved issuer list and keeping you appraised of any changes. Our dedicated research team conducts thorough analysis of corporate issuers, evaluating their financial health, creditworthiness, and market performance. Based on this research, we maintain an approved issuer list that guides investment decisions.

Regular updates ensure that you are informed about any changes that may affect your portfolio.

Sector
Analysis
Credit
Committee
Issuer
Thesis
Investment
Strategies
Approved
Issuer
List
Ongoing
Monitoring
MEEDER
CREDIT

RESEARCH
Sector Analysis Top-down analysis of regulatory issues, competitive landscape, and market conditions
Issuer Thesis Comprehensive view of factors such as competitive position and financial performance; capital structure
and liquidity; and management strategy
Credit Committee Oversight of credit research process and performance, approved issuer lists, and usage of approved names in
portfolios
Approved Issuer List Risk management; Portfolio managers/traders purchase only from issuers evaluated by credit team
Ongoing Monitoring Continuous process of evaluating sector and issuer thesis: Earnings releases, investor reports, industry
conferences, news flow
Investment Strategies Top-down & bottom-up approach to drive performance We incorporate a broad spectrum of market data and issuer-specific information through the following channels:

Bloomberg
Utilized to track and
oversee issuer-specific
fundamental metrics,
news updates, and
trading metrics, as
well as perform data
analysis for issuers,
markets, and economic
indicators.

Standard & Poor’s/
Capital IQ
Used to monitor
the overarching
methodology
framework related to
regions, sectors, and
issuers.

Company Investor
Relations
Access issuersupported websites for
investor presentations,
annual and quarterly
financial reports,
regulatory disclosures,
and governance
compliance information.

Capital Market
Research
Obtain geopolitical,
economic, and sector
insights from capital
market professionals.

Industry-Sponsored
Events
Participate in sector
and issuer-specific
investor events.
14

15 Project Understanding and
Approach/Methodology
Hypothetical Portfolio
We have analyzed the City’s portfolio with holdings as of 3/31/2026. Below is an example of how we could implement a 0–5 year strategy according to the City’s current Investment Policy.

We would suggest the City consider adding other asset classes that are allowed by California Code 53601 to further diversify the City’s portfolio and enhance the risk-adjusted return. The following hypothetical portfolio illustration reflects Meeder’s current strategic asset allocation views in light of evolving market conditions, including the anticipated path of interest rates, persistent inflationary pressures, and heightened geopolitical uncertainty stemming from the conflict involving Iran. Our positioning seeks to balance capital preservation, liquidity, and income generation while maintaining flexibility to respond to changing economic and market dynamics.

Hypothetical Portfolio Illustration
City of Malibu portfolio as of 5/18/2026 (using 3/31/2026 data) Sample Portfolio
Total Portfolio $72,148,378
Sample Securities
Weighted Average Maturity 2.51 years
14,429,676 15,151,159 15,151,159
13,708,192 13,708,192
20% 21% 21% 19% 19% -
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
16,000,000
0-1 year 1-2 years 2-3 years 3-4 years 4-5 years
29%
39%
15%
5%
12% Treasuries
Agencies
Commercial Paper
Municipal Bonds
CDs
Sample Asset Allocation
PORTFOLIO ILLUSTRATION IS HYPOTHETICAL IN NATURE, DOES NOT REFLECT ACTUAL INVESTMENT RESULTS, AND DOES NOT GUARANTEE FUTURE RETURNS. THE PORTFOLIO ILLUSTRATION PROJECTS THE WEIGHTED AVERAGE YIELD OF A HYPOTHETICAL PORTFOLIO INVESTED ON THE DATE SHOWN AND ALLOCATED ACROSS THE INDICATED ASSET CLASSES AND MATURITIES. THE ILLUSTRATION UTILIZES APPROPRIATE INDEXES AND BENCHMARKS TO PROJECT THE AVERAGE WEIGHTED YIELD OF THE ILLUSTRATED PORTFOLIO. CLIENTS INVESTED CONSISTENTLY WITH THE PORTFOLIO MAY HAVE EXPERIENCED INVESTMENT RESULTS MATERIALLY DIFFERENT FROM THOSE PORTRAYED IN THE ILLUSTRATION. ACTUAL YIELD FOR ANY PORTFOLIO INVESTED IN ACCORDANCE WITH THE ILLUSTRATION WILL VARY FROM THE HYPOTHETICAL DATA SHOWN HERE.

PORTFOLIO ILLUSTRATION IS HYPOTHETICAL IN NATURE, DOES NOT REFLECT ACTUAL INVESTMENT RESULTS, AND DOES NOT GUARANTEE FUTURE RETURNS. THE PORTFOLIO ILLUSTRATION PROJECTS THE WEIGHTED AVERAGE YIELD OF A HYPOTHETICAL PORTFOLIO INVESTED ON THE DATE SHOWN AND ALLOCATED ACROSS THE INDICATED ASSET CLASSES AND MATURITIES. THE ILLUSTRATION UTILIZES APPROPRIATE INDEXES AND BENCHMARKS TO PROJECT THE AVERAGE WEIGHTED YIELD OF THE ILLUSTRATED PORTFOLIO. CLIENTS INVESTED CONSISTENTLY WITH THE PORTFOLIO MAY HAVE EXPERIENCED INVESTMENT RESULTS MATERIALLY DIFFERENT FROM THOSE PORTRAYED IN THE ILLUSTRATION. ACTUAL YIELD FOR ANY PORTFOLIO INVESTED IN ACCORDANCE WITH THE ILLUSTRATION WILL VARY FROM THE HYPOTHETICAL DATA SHOWN HERE.

16 Project Understanding and
Approach/Methodology
Compliance
Meeder has made extensive investments in a robust compliance system, industry leading Charles River software.

With our compliance suite we can provide solutions that support compliance rule building, testing and maintenance, customizable reporting, and a complete audit history. A powerful data administration facility helps monitor and improve data quality. This allows us to ensure compliance with the City’s investment policy, California Government Code 53601, GASB and GAAP report standards, and other applicable laws, rules, and regulations.

Our firm utilizes the Charles River product to carry out the following portfolio compliance reporting tasks:
» Validate compliance with portfolio restrictions pre-trade, in-trade and at end of day » Streamline workflows by incorporating compliance rules into ‘what if’ analysis » Calculate and monitor exposures and/or concentration limits placed on issuer/security types, maturity length limitations (including average weighted maturity or duration), security ratings quality, etc.

The City’s investment policy parameters, along with the California Government Code 53601 parameters, will be coded into our portfolio management system, providing pre-trade and post-trade compliance oversight. In addition, through collaboration with the City, any additional rules requested beyond the statute, such as maturity constraints or credit requirements, can also be established on an ongoing basis to ensure the investment portfolio is monitored at all levels. Policy compliance reporting can be generated to assist with annual audit testing to assist with year-end needs.

Investment Policy
We have extensive experience drafting and revising investment policies and portfolio management guidelines for many of our public entity clients. Creating and/or reviewing investment policies is one of the first steps we take with all clients. We encourage a clear and concise investment policy that provides adequate guidance and control without undue administrative burden. At least annually, we will review the Investment Policy of the entity and recommend any changes, if needed.

We have worked with clients to develop policies based on the GFOA and CMTA model investment policies, and the APT model investment policy as well as client-specific ordinances or charters. In addition, as changes occur in state law, we work with every one of our clients to make sure investment policies are updated and the public finance official and/or other stakeholders are educated on the upcoming changes.

Our team has reviewed hundreds of municipal investment policies and has helped all of our clients create and/or modify their investment policies and procedures. The California Municipal Treasurers Association (CMTA) has a program to certify investment policies. If desired, we would assist the City with this certification process. Rick Phillips, Sr. Vice President and Meeder’s Chief Investment Strategist, serves as a reviewer on CMTA’s investment policy certification committee. Rick Phillips is also the chair of Government Investment Officers Association’s (GIOA) Investment Policy Certification Committee.

We continually work with clients to update policies and procedures as laws and circumstances change. We suggest clients review their investment policies and procedures on an annual basis, and we assist in the process.

17 Project Understanding and
Approach/Methodology
Benchmarking
Meeder has extensive experience developing benchmarks for operating funds and pooled funds of public portfolios. Working with over 400 entities, each have their own restrictions and investment structures that are unique. Benchmarks can be customized or follow a stated index. Based upon the characteristics of the entity’s policy and program objectives, Meeder would recommend a yield-based method for comparison of the portfolio to the market. We believe a yield-based method is representative of the actual return earned by the City as it excludes unrealized gains and losses which are included in the total return measure. We will work closely with the City to determine a benchmark that is most suitable to your needs and investment strategy.

Benchmarks over time can change in the event the City’s overall investment objectives adapt. Meeder works with each of its clients to help them review the best performance measurement over time. While we believe yield-based benchmarks are the most appropriate for public entities, due to the focus on income, we can also construct total return benchmarks if that is the preference of the City. For clients who prefer to utilize a total return measurement of their portfolio, we typically recommend the ICE BofA 0–5-year US Government Index because of the similarities in duration and asset composition.

Reporting
We utilize Clearwater Analytics for our investment accounting and reporting. Clearwater is the world’s leading investment accounting solution and provides the most trusted investment data aggregation, reconciliation, accounting, and reporting.

ONLINE PORTAL Clients receive online access to their investment accounts through their online portal where they can verify investment positions, daily activity, and investment income. This portal is reconciled with the custodian on a daily basis.

MONTHLY The monthly report provides an inventory of current holdings, including security description, cost basis, book value, market value and yield to maturity, along with the current month’s activity including purchases, sales and income received. In addition, our statements will also have a projected cash flow schedule on all securities along with amortization and accrual schedules, and a summary detailing key portfolio characteristics and attributes.

PERIODIC Periodic investment review reports include an economic update and a portfolio summary with portfolio metrics. Ad hoc reporting is provided upon request and is a normal part of our process as we customize services to meet clients’ needs.

ANNUAL On an annual basis, GASB reports are prepared for the client at fiscal year-end to assist with GASB reporting requirements and ACFR needs. The reports are structured to meet the requirements under GASB 31 Accounting & Financial Reporting for Certain Investments and for External Investment Pools, GASB 40 Deposit and Investment Risk Disclosures and GASB 72 Fair Value Measurement and Application.

PERFORMANCE Meeder provides performance-based reporting through Clearwater Analytics our online investment portal. Clearwater provides interest income and the yield earned on an ongoing basis and historical basis. The portal also provides income return, total return, and price return metrics of the portfolio net of fees for any time period. Our online investment portal allows us to benchmark the portfolio to a recommended or client preferred benchmark.

18 Communication
Client contact is continuous and proactive. Your primary coverage, Greg Balls, will maintain regular communication to discuss portfolio activity, liquidity needs, market conditions, and performance. Clients receive timely updates, ad hoc reports as requested, and formal presentations to governing bodies as needed.

Through this disciplined daily review process and consistent client engagement, Meeder ensures each portfolio is actively monitored, fully transparent, and responsive to the evolving needs of government investment managers.

Additionally, our clients receive:

Weekly newsletter updating rates and
market events.

Monthly commentary describing
economic events from the last month.

Quarterly webinar discussing the
markets, current hot topics, and
providing CPE credits.

Conflict of Interest
The Consultant shall disclose any financial, business, or other relationships with the City that may have an impact on the outcome of this contract. The Consultant shall also list current clients who may have a financial interest in the outcome of this contract.

Meeder is not aware of any conflicts of interest in the management of this account.

Exceptions
This section shall discuss any exceptions or requested changes that Proposer has to the City’s RFP conditions, requirements, and sample contract. If there are no exceptions noted, it is assumed the Proposer will accept all conditions and requirements identified in the “Agreement for Professional Services” (Attachment 2). Items not excepted will not be open to later negotiation.

Meeder Public Funds takes no exceptions to the conditions or requirements of the RFP.

Additionally, we have included our Terms of Service in the Appendix for the City’s review and as proposed additions to the Professional Services Agreement.

Project Understanding and
Approach/Methodology

19 Cost Proposal
Describe in detail the fee structure you propose for providing engagement services. The cost proposal is considered a criterion once the final recommendation has been made but is not the sole factor in the section process. The cost proposal shall contain the following: the cost proposal shall be submitted for the consultant services outlined in the Scope of Work; the proposed cost budget should present the names and associated billing rates of the proposed staff for each work task described in the consultant’s proposal, as well as other direct costs; the total proposed budget should include the consultant’s assumptions regarding billing rate increases over the assumed duration of services.

Meeder proposes the below tiered fee schedule.

ASSETS UNDER MANAGEMENT ANNUAL ADVISORY FEE
$0–$25 million 0.10%
$25–$50 million 0.08%
$50–$100 million 0.06%
Over $100 million 0.04%
There is a minimum fee of $15,000 per year. Asset-based advisory fees are subject to an annual minimum fee prorated based on billing cycle and payable for each billing period in which assets do not meet the stated minimum, inclusive of any fee discounts and credits.

For clients who utilize Meeder’s preferred custodians, fees may be credited in an amount equal to the custodial fee up to a maximum annual credit of 0.01%.

The investment advisory fee shown above is inclusive of all fees associated with the management of this account and the services listed below.

Includes: » Investment Policy Review
» Cash Flow Analysis
» Portfolio Management
» Reconciliation
» Reporting – Monthly, Quarterly, Annual
» Best Execution
» Compliance Monitoring
» Credit Analysis
» Online Portal
» Meetings
» Staff Training/Education
19

20 References
Provide at least three (3) references including the name of contact, affiliation, address, direct telephone number and email address which the City can contact. References may be added to the appendix.

CITY OF REDONDO BEACH
415 Diamond Street
Redondo Beach, CA 90277
Contact: Eugene Solomon
Affiliation: City Treasurer
Telephone: 310.387.5517
Email: [email protected]

CITY OF LAGUNA BEACH
505 Forest Avenue
Laguna Beach, CA 92651
Contact: Dave Kiff
Affiliation: City Manager
Telephone: 949.497.0327
Email: [email protected]

CITY OF WHITTIER
13230 Penn St. Whittier, CA 90602
Contact: Rigo Garcia
Affiliation: City Clerk
Telephone: 562.567.9850
Email: [email protected]
1008–MPF-5/29/26-54155

Appendix

PrivacyPolicy
Meeder Investment Management and the Meeder Funds are committed to maintaining the financial privacy of our current, former and prospective customers.

This policy explains how we protect the security and confidentiality of our customers’ information.

PERSONAL INFORMATION WE COLLECT
We may collect information about Meeder customers from a variety of sources, including:
» Information provided by you or yourrepresentative on applications orforms,such as your name, address, date of birth,social security number and investmentobjectives;
» Information about the transactions in your account, such as your account balance and transaction history; and » Information we obtain from third parties regarding you, to verify your identity or transfer your account.

INFORMATION WE SHARE WITH OUR AFFILIATES
Our affiliates are financial service providers that offer transfer agency, accounting, customer servicing, investment advisory, and otherfinancialservices. We share information with our affiliatesto service your account. In addition, we may also share information with our affiliatesto alert you to other products orservices offered by Meederto the extent provided by law.

Information collected from customers whose accounts are opened through investment professionalsis notshared with Meeder affiliates for marketingpurposes.

INFORMATION WE SHARE WITH THIRD PARTIES
On occasion, we share information we collect about you with unaffiliated third partiesto perform servicesin connection with your account, such as processing transactions, preparing and mailing account statements, and other forms of customer servicing.

Information provided to third parties may not be used for any other purpose and Meeder does not permit unaffiliated third parties to use customer information to market their products orservices.

HOW WE PROTECT INFORMATION ABOUT YOU
We maintain policies, and require all unaffiliated third parties to maintain policies, to safeguard customer information. We restrict access to nonpublic personal information about you to those persons who need to know that information in order to provide products and services to you. We also maintain physical, electronic, and procedural safeguards to guard your nonpublic personal information.

WHO THIS POLICY APPLIES TO
This policy appliesto customers who open relationships directly with Meeder. It appliesto Meeder Funds and Meeder’s affiliated companies, including Meeder Asset Management, Meeder Advisory Services, Meeder Public Funds, Meeder Distribution Services and Mutual Funds ServiceCompany.

QUESTIONS
Contact us at 800-325-3539 or visit us online at www.meederinvestment.com Privacy Policy (12/25)

Terms of Services – Non-Discretionary Accounts
Meeder Public Funds
The following Terms of Services are applicable to services offered by Meeder Public Funds, Inc. (“Meeder”) and shall be incorporated into any agreement for investment advisory services (“Agreement”).

1. Investment Management Services. Client has engaged Meeder to provide non-discretionary investment management services in accordance with the terms of the applicable state investment code and investment policy.

2. Trading Authorization. Client appoints Meeder as non-discretionary investment adviser for the assets deposited in any account subject to the terms of this Agreement (“Account”). Meeder accepts the appointment as investment adviser and shall provide investment advice to Client and invest, reinvest and manage the securities, cash and other assets of the Account as directed by Client and in accordance with the written investment objectives and any specific investment restrictions or limitations of the Client. Meeder shall provide advice only with respect to assets in the Account and shall have no responsibility for the actions or non-actions of predecessor investment advisors or for the management of assets other than the assets allocated to the Account.

3. Custody. Meeder will not assume physical custody of the Account or any portion of it. Client shall establish a custodial account with a qualified custodian (“Custodian”). Client will receive from the Custodian account statements and confirmations identifying assets and transactions in the Account. All transactions will be consummated by payment to, or delivery by, the Custodian of all cash, securities and other assets due to or from the Account. The Custodian shall be responsible for investing any daily cash balances in the Account and Meeder will not exercise discretion to select sweep vehicles for the Account.

4. Investment Objectives and Restrictions. Client may provide Meeder with an Investment Policy Statement or other written directions setting forth the investment objectives and any specific investment restrictions or limitations which govern the Account. Meeder shall be entitled to rely on such guidelines, objectives and restrictions relating to the Account as it may receive from Client. It is Client’s responsibility to inform Meeder in writing of any changes or modifications to these directions, which shall be given ten days in advance of any such change.

5. Fees. For the services provided in accordance with this Agreement, Client shall pay Meeder an annual fee (“Fee”) on terms set forth in the Agreement to which these Terms of Service apply. Where Client has elected to have fees deducted from the Account, Client authorizes the Custodian to deduct fees from the Account and pay them to Meeder. The account statements will reflect the fee amount withdrawn in any period. Client is responsible for notifying Meeder of any exceptions or objections to the amount billed within thirty days from the billing date.

6. Brokerage. Unless otherwise directed, Meeder will place trades for the Account through such brokers or dealers as it may select. When selecting brokers, Meeder's primary consideration will be the broker's ability to provide best execution of trades and Meeder may consider the quality and reliability of the brokerage services, trade price and commission, as well as research and other services provided by the broker-dealers.

7. Trade Aggregation. Meeder may aggregate trades for multiple clients when, in the adviser’s judgment, aggregation is in the best interests of the clients involved. Orders are aggregated to facilitate best execution and each client participating in the aggregated transaction receives the same price and participation in such trade on a pro-rata basis. Where it is not possible to obtain the same execution price for all securities purchased or sold on an aggregated basis, Meeder will follow its trade allocation policy, which is designed to ensure that securities allocations are made in a fair and equitable manner.

8. Promoter Arrangements. Meeder accepts Clients referred through unaffiliated third parties (“Promoters”) and may pay cash compensation for the endorsement of Meeder’s services, which provides the Promoter with an incentive to refer clients. Clients will not incur additional fees for being referred to Meeder by a Promoter. Clients

MPF Terms of Services – MPF 007 (4-26) Page 2
that engage Meeder as their investment adviser following a referral by a Promoter will receive a written disclosure statement describing the nature and terms of the arrangement, including the amount payable to the Promoter.

9. Local Government Investment Pools. Where appropriate, Meeder may recommend the use of a Local Government Investment Pool (“LGIP”) in which Meeder or one of its affiliates earn advisory and/or administration fees. Assets placed in an LGIP are not included among eligible assets when calculating the investment advisory fee. Because Meeder or its affiliates receive fees in connection with programs we sponsor or recommend, use of these programs presents a conflict of interest. By investing in an LGIP, Client specifically consents to the conflicts presented by such investment and payment of fees.

10. Custodial Sweep Vehicles. Where available, Meeder may recommend the use of the Meeder Government Money Market Fund as a vehicle to sweep cash held in the custodial account for investment. Because Meeder’s affiliates earn advisory, transfer agency and administration fees for management of the Meeder Government Money Market Fund, recommendation of the fund as a sweep vehicle presents a conflict of interest.

Meeder charges investment advisory fees on the total market value of assets held in the custodial account, including sweep vehicles. By selecting the Meeder Government Money Market Fund, Client specifically consents to the conflicts presented by such investment and payment of fees.

11. Third-Party Payments. Meeder or its affiliates receive compensation from unaffiliated third parties for endorsing or recommending certain financial products to its clients. This arrangement presents a conflict of interest because it provides Meeder with an incentive to solicit and secure participation in the program. Asset-based advisory fees are not charged for assets invested in products that pay indirect compensation to Meeder.

12. Proxy Voting. Meeder does not accept or assume authority to vote proxies for its public fund clients.

Clients will receive their proxies or other solicitations directly from their Custodian. Client agrees that Meeder will not advise or act for Client in any legal proceedings, including bankruptcies or class actions, involving securities held or previously held by the Account or the issuers of such securities.

13. Electronic Delivery. Client consents to electronic delivery of all documents from Meeder, including but not limited to a copy of the executed Agreement, statements, confirmations, Meeder’s Form ADV Part 2 and amendments thereto, and other general communications delivered to Client’s electronic mail address of record.

Delivery of communications to Clients in this fashion will be deemed effective unless Meeder is notified otherwise.

Client is responsible for maintaining an accurate and up to date email address and to ensure that Client at all times has the ability to receive communications directed in this manner.

14. Confidentiality. All information and advice furnished by either party to the other, including their respective agents and employees, shall be treated as confidential and shall not be disclosed to third parties except as otherwise required by law or as agreed to in writing by Client. Notwithstanding the foregoing, Client consents to the use of Client's name in sales and marketing material used by Meeder or its affiliates solely for the purpose of identifying the Client as an investment advisory client.

15. Services to Other Clients. Client understands that Meeder serves as investment adviser for other Clients and will continue to do so. Client also understands that Meeder, its personnel and affiliates ("Affiliated Persons") may give advice or take action in performing their duties to other clients, or for their own accounts, that differ from advice given to or action taken for Client. Meeder is not obligated to buy, sell or recommend for Client any security or other investment that Meeder or its Affiliated Persons may buy, sell or recommend for any other client or their own accounts.

16. Meeder’s Representations. Meeder represents that it is a registered investment adviser under the Investment Advisers Act of 1940.

17. Client’s Representations. Client represents and acknowledges that: (i) Client is the sole owner of the Account assets and has full power and authority to enter into this Agreement and to commit the assets to Meeder's management and supervision; (ii) that the person signing this Agreement on behalf of Client is authorized and empowered to establish accounts and commit the assets to Meeder's management and supervision on the entity’s behalf; (iii) Client has received Meeder's current Form ADV, Part 2A and B; and (iv) Client has received a copy of Meeder's Privacy Policy.

FORM ADV

UNIFORM APPLICATION FOR INVESTMENT ADVISER REGISTRATION AND REPORT BY EXEMPT REPORTING ADVISERS Primary Business Name: MEEDER PUBLIC FUNDS, INC. CRD Number: 106816 Annual Amendment - All Sections Rev. 10/2021
2/20/2026 1:30:56 PM
WARNING: Complete this form truthfully. False statements or omissions may result in denial of your application, revocation of your registration, or criminal prosecution.

You must keep this form updated by filing periodic amendments. See Form ADV General Instruction 4.

Item 1 Identifying Information
Responses to this Item tell us who you are, where you are doing business, and how we can contact you. If you are filing an umbrella registration, the information in Item 1 should be provided for the filing adviser only. General Instruction 5 provides information to assist you with filing an umbrella registration.

A. Your full legal name (if you are a sole proprietor, your last, first, and middle names):

MEEDER PUBLIC FUNDS, INC.

B. (1) Name under which you primarily conduct your advisory business, if different from Item 1.A.

MEEDER PUBLIC FUNDS, INC.

List on Section 1.B. of Schedule D any additional names under which you conduct your advisory business. (2) If you are using this Form ADV to register more than one investment adviser under an umbrella registration, check this box If you check this box, complete a Schedule R for each relying adviser.

C. If this filing is reporting a change in your legal name (Item 1.A.) or primary business name (Item 1.B.(1)), enter the new name and specify whether the name change is of
your legal name or your primary business name:

D. (1) If you are registered with the SEC as an investment adviser, your SEC file number: 801-37125 (2) If you report to the SEC as an exempt reporting adviser, your SEC file number:
(3) If you have one or more Central Index Key numbers assigned by the SEC ("CIK Numbers"), all of your CIK numbers:

No Information Filed
E. (1) If you have a number ("CRD Number") assigned by the FINRA's CRD system or by the IARD system, your CRD number: 106816 If your firm does not have a CRD number, skip this Item 1.E. Do not provide the CRD number of one of your officers, employees, or affiliates. (2) If you have additional CRD Numbers, your additional CRD numbers:

No Information Filed
F. Principal Office and Place of Business
(1) Address (do not use a P.O. Box):

Number and Street 1:
6125 MEMORIAL DRIVE
Number and Street 2:

City:

DUBLIN
State:

Ohio
Country:

United States
ZIP+4/Postal Code:
43017
If this address is a private residence, check this box:

List on Section 1.F. of Schedule D any office, other than your principal office and place of business, at which you conduct investment advisory business. If you are applying for registration, or are registered, with one or more state securities authorities, you must list all of your offices in the state or states to which you are applying for registration or with whom you are registered. If you are applying for SEC registration, if you are registered only with the SEC, or if you are reporting to the SEC as an exempt reporting adviser, list the largest twenty-five offices in terms of numbers of employees as of the end of your most recently completed fiscal year.
(2) Days of week that you normally conduct business at your principal office and place of business:

Monday - Friday Other:

Normal business hours at this location:
8 A.M - 5 P.M.
(3) Telephone number at this location:
866-633-3371
(4) Facsimile number at this location, if any:
614-923-1145
(5) What is the total number of offices, other than your principal office and place of business, at which you conduct investment advisory business as of the end of your most recently completed fiscal year?
7 G. Mailing address, if different from your principal office and place of business address:
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Number and Street 1:

P.O. BOX 7177
Number and Street 2:

City:

DUBLIN
State:

Ohio
Country:

United States
ZIP+4/Postal Code:
43017
If this address is a private residence, check this box:

H. If you are a sole proprietor, state your full residence address, if different from your principal office and place of business address in Item 1.F.:

Number and Street 1: Number and Street 2:

City: State: Country: ZIP+4/Postal Code:

Yes No
I. Do you have one or more websites or accounts on publicly available social media platforms (including, but not limited to, Twitter, Facebook and LinkedIn)? If "yes," list all firm website addresses and the address for each of the firm's accounts on publicly available social media platforms on Section 1.I. of Schedule D. If a website address serves as a portal through which to access other information you have published on the web, you may list the portal without listing addresses for all of the other information. You may need to list more than one portal address. Do not provide the addresses of websites or accounts on publicly available social media platforms where you do not control the content. Do not provide the individual electronic mail (e-mail) addresses of employees or the addresses of employee accounts on publicly available social media platforms.

J. Chief Compliance Officer
(1) Provide the name and contact information of your Chief Compliance Officer. If you are an exempt reporting adviser, you must provide the contact information for your Chief Compliance Officer, if you have one. If not, you must complete Item 1.K. below.

Name:

BRANDON KIPP
Other titles, if any:

CHIEF COMPLIANCE OFFICER
Telephone number:
614-495-5971
Facsimile number, if any:
614-923-1145
Number and Street 1:
6125 MEMORIAL DRIVE
Number and Street 2:

City:

DUBLIN
State:

Ohio
Country:

United States
ZIP+4/Postal Code:
43017
Electronic mail (e-mail) address, if Chief Compliance Officer has one:

[email protected]
(2) If your Chief Compliance Officer is compensated or employed by any person other than you, a related person or an investment company registered under the Investment Company Act of 1940 that you advise for providing chief compliance officer services to you, provide the person's name and IRS Employer Identification Number (if any):

Name:

IRS Employer Identification Number:

K. Additional Regulatory Contact Person: If a person other than the Chief Compliance Officer is authorized to receive information and respond to questions about this Form ADV, you may provide that information here.

Name:

TIMOTHY MCCABE
Titles:

CHIEF LEGAL OFFICER
Telephone number:
614-760-2153
Facsimile number, if any:
614-923-1145
Number and Street 1:
6125 MEMORIAL DRIVE
Number and Street 2:

City:

DUBLIN
State:

Ohio
Country:

United States
ZIP+4/Postal Code:
43017
Electronic mail (e-mail) address, if contact person has one:

[email protected]
Yes No
L. Do you maintain some or all of the books and records you are required to keep under Section 204 of the Advisers Act, or similar state law, somewhere other than your principal office and place of business? If "yes," complete Section 1.L. of Schedule D.

Yes No
M. Are you registered with a foreign financial regulatory authority? Answer "no" if you are not registered with a foreign financial regulatory authority, even if you have an affiliate that is registered with a foreign financial regulatory authority. If "yes," complete Section 1.M. of Schedule D.

Yes No
N. Are you a public reporting company under Sections 12 or 15(d) of the Securities Exchange Act of 1934? Yes No
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O. Did you have $1 billion or more in assets on the last day of your most recent fiscal year? If yes, what is the approximate amount of your assets:
$1 billion to less than $10 billion
$10 billion to less than $50 billion
$50 billion or more
For purposes of Item 1.O. only, "assets" refers to your total assets, rather than the assets you manage on behalf of clients. Determine your total assets using the total assets shown on the balance sheet for your most recent fiscal year end.

P. Provide your Legal Entity Identifier if you have one:
5493009AQ17D375CMP13
A legal entity identifier is a unique number that companies use to identify each other in the financial marketplace. You may not have a legal entity identifier.

SECTION 1.B. Other Business Names
List your other business names and the jurisdictions in which you use them. You must complete a separate Schedule D Section 1.B. for each business name.

Name: MEEDER INVESTMENT MANAGEMENT, INC.

Jurisdictions
AL
AK
AZ
AR
CA
CO
CT
DE
DC
FL
GA
GU
HI
ID
IL
IN
IA
KS
KY
LA
ME
MD
MA
MI
MN
MS
MO
MT
NE
NV
NH
NJ
NM
NY
NC
ND
OH
OK
OR
PA
PR
RI
SC
SD
TN
TX
UT
VT
VI
VA
WA
WV
WI
WY
Other:

SECTION 1.F. Other Offices
Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business. You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).

Number and Street 1:
222 SOUTH MAIN STREET
Number and Street 2:
5TH FLOOR
City:

SALT LAKE CITY
State:

Utah
Country:

United States
ZIP+4/Postal Code:
84101
If this address is a private residence, check this box:

Telephone Number:
866-633-3371
Facsimile Number, if any:

If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:

How many employees perform investment advisory functions from this office location? 5 Are other business activities conducted at this office location? (check all that apply) (1) Broker-dealer (registered or unregistered)
(2) Bank (including a separately identifiable department or division of a bank) (3) Insurance broker or agent
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(5) Registered municipal advisor
(6) Accountant or accounting firm
(7) Lawyer or law firm
Describe any other investment-related business activities conducted from this office location:

NONE
Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business. You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).

Number and Street 1:
111 WEST OCEAN BLVD
Number and Street 2:
4TH FLOOR
City:

LONG BEACH
State:

California
Country:

United States
ZIP+4/Postal Code:
90802
If this address is a private residence, check this box:

Telephone Number:
866-633-3371
Facsimile Number, if any:

If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:

How many employees perform investment advisory functions from this office location? 6 Are other business activities conducted at this office location? (check all that apply) (1) Broker-dealer (registered or unregistered)
(2) Bank (including a separately identifiable department or division of a bank) (3) Insurance broker or agent
(4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration) (5) Registered municipal advisor
(6) Accountant or accounting firm
(7) Lawyer or law firm
Describe any other investment-related business activities conducted from this office location:

NONE
Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business. You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).

Number and Street 1:
120 N. WASHINGTON SQUARE
Number and Street 2:

SUITE 300
City:

LANSING
State:

Michigan
Country:

United States
ZIP+4/Postal Code:
48933
If this address is a private residence, check this box:

Telephone Number:
866-633-3371
Facsimile Number, if any:

If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:

How many employees perform investment advisory functions from this office location? 2 Are other business activities conducted at this office location? (check all that apply) (1) Broker-dealer (registered or unregistered)
(2) Bank (including a separately identifiable department or division of a bank) (3) Insurance broker or agent
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(4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration) (5) Registered municipal advisor
(6) Accountant or accounting firm
(7) Lawyer or law firm
Describe any other investment-related business activities conducted from this office location:

NONE
Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business. You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).

Number and Street 1:
901 MOPAC EXPRESSWAY SOUTH
Number and Street 2:

BUILDING 1, SUITE 300
City:

AUSTIN
State:

Texas
Country:

United States
ZIP+4/Postal Code:
78746
If this address is a private residence, check this box:

Telephone Number:
866-633-3371
Facsimile Number, if any:

If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:

How many employees perform investment advisory functions from this office location? 7 Are other business activities conducted at this office location? (check all that apply) (1) Broker-dealer (registered or unregistered)
(2) Bank (including a separately identifiable department or division of a bank) (3) Insurance broker or agent
(4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration) (5) Registered municipal advisor
(6) Accountant or accounting firm
(7) Lawyer or law firm
Describe any other investment-related business activities conducted from this office location:

NONE
Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business. You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).

Number and Street 1:
10655 PARK RUN DRIVE
Number and Street 2:

SUITE 120
City:

LAS VEGAS
State:

Nevada
Country:

United States
ZIP+4/Postal Code:
89144
If this address is a private residence, check this box:

Telephone Number:
866-633-3371
Facsimile Number, if any:

If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:

How many employees perform investment advisory functions from this office location? 4 Are other business activities conducted at this office location? (check all that apply) (1) Broker-dealer (registered or unregistered)
(2) Bank (including a separately identifiable department or division of a bank) 2/20/26, 1:31 PM IARD - All Sections [User Name: lwhitempf, OrgID: 106816] https://gateway.finra.org/app/profiles/firm 5/41

(3) Insurance broker or agent
(4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration) (5) Registered municipal advisor
(6) Accountant or accounting firm
(7) Lawyer or law firm
Describe any other investment-related business activities conducted from this office location:

NONE
Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business. You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).

Number and Street 1:
250 FILLMORE STREET
Number and Street 2:

SUITE 150
City:

DENVER
State:

Colorado
Country:

United States
ZIP+4/Postal Code:
80206
If this address is a private residence, check this box:

Telephone Number:
866-633-3371
Facsimile Number, if any:

If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:

How many employees perform investment advisory functions from this office location? 1 Are other business activities conducted at this office location? (check all that apply) (1) Broker-dealer (registered or unregistered)
(2) Bank (including a separately identifiable department or division of a bank) (3) Insurance broker or agent
(4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration) (5) Registered municipal advisor
(6) Accountant or accounting firm
(7) Lawyer or law firm
Describe any other investment-related business activities conducted from this office location:

NONE
Complete the following information for each office, other than your principal office and place of business, at which you conduct investment advisory business. You must complete a separate Schedule D Section 1.F. for each location. If you are applying for SEC registration, if you are registered only with the SEC, or if you are an exempt reporting adviser, list only the largest twenty-five offices (in terms of numbers of employees).

Number and Street 1:
2415 EAST CAMELBACK ROAD
Number and Street 2:

SUITE 700
City:

PHOENIX
State:

Arizona
Country:

United States
ZIP+4/Postal Code:
85016
If this address is a private residence, check this box:

Telephone Number:
866-633-3371
Facsimile Number, if any:

If this office location is also required to be registered with FINRA or a state securities authority as a branch office location for a broker-dealer or investment adviser on the Uniform Branch Office Registration Form (Form BR), please provide the CRD Branch Number here:

How many employees perform investment advisory functions from this office location? 1 Are other business activities conducted at this office location? (check all that apply) (1) Broker-dealer (registered or unregistered)
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(2) Bank (including a separately identifiable department or division of a bank) (3) Insurance broker or agent
(4) Commodity pool operator or commodity trading advisor (whether registered or exempt from registration) (5) Registered municipal advisor
(6) Accountant or accounting firm
(7) Lawyer or law firm
Describe any other investment-related business activities conducted from this office location:

NONE
SECTION 1.I. Website Addresses
List your website addresses, including addresses for accounts on publicly available social media platforms where you control the content (including, but not limited to, Twitter, Facebook and/or LinkedIn). You must complete a separate Schedule D Section 1.I. for each website or account on a publicly available social media platform.

Address of Website/Account on Publicly Available Social Media Platform: https://x.com/MeederIM Address of Website/Account on Publicly Available Social Media Platform: Http://facebook.com/meederinvestment/ Address of Website/Account on Publicly Available Social Media Platform: https://www.youtube.com/@meederinvestmentmanagement Address of Website/Account on Publicly Available Social Media Platform: Http://instagram.com/meederinvestment Address of Website/Account on Publicly Available Social Media Platform: Http://meederinvestment.com Address of Website/Account on Publicly Available Social Media Platform: https://www.linkedin.com/showcase/texas-connect Address of Website/Account on Publicly Available Social Media Platform: https://www.linkedin.com/showcase/meederpublicfunds Address of Website/Account on Publicly Available Social Media Platform: Http://linkedin.com/company/meeder-investment-management Address of Website/Account on Publicly Available Social Media Platform: https://texas-connect.com/ SECTION 1.L. Location of Books and Records
Complete the following information for each location at which you keep your books and records, other than your principal office and place of business. You must complete a separate Schedule D, Section 1.L. for each location.

Name of entity where books and records are kept:

VRC VITAL RECORDS
Number and Street 1:
3827 BROOKHAM DRIVE
Number and Street 2:

City:

GROVE CITY
State:

Ohio
Country:

United States
ZIP+4/Postal Code:
43123
If this address is a private residence, check this box:

Telephone Number:
614-299-2122
Facsimile number, if any:

This is (check one):
one of your branch offices or affiliates.
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a third-party unaffiliated recordkeeper.
other.

Briefly describe the books and records kept at this location.

HISTORICAL BOOKS AND RECORDS
Name of entity where books and records are kept:

LAS VEGAS OFFICE
Number and Street 1:
10655 PARK RUN
Number and Street 2:

SUITE 120
City:

LAS VEGAS
State:

Nevada
Country:

United States
ZIP+4/Postal Code:
89144
If this address is a private residence, check this box:

Telephone Number:
866-633-3371
Facsimile number, if any:

This is (check one):
one of your branch offices or affiliates.
a third-party unaffiliated recordkeeper.
other.

Briefly describe the books and records kept at this location.

BOOKS AND RECORDS
SECTION 1.M. Registration with Foreign Financial Regulatory Authorities No Information Filed
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Item 2 SEC Registration/Reporting
Responses to this Item help us (and you) determine whether you are eligible to register with the SEC. Complete this Item 2.A. only if you are applying for SEC registration or submitting an annual updating amendment to your SEC registration. If you are filing an umbrella registration, the information in Item 2 should be provided for the filing adviser only.

A. To register (or remain registered) with the SEC, you must check at least one of the Items 2.A.(1) through 2.A.(12), below. If you are submitting an annual updating amendment to your SEC registration and you are no longer eligible to register with the SEC, check Item 2.A.(13). Part 1A Instruction 2 provides information to help you determine whether you may affirmatively respond to each of these items.

You (the adviser):
(1) are a large advisory firm that either:
(a) has regulatory assets under management of $100 million (in U.S. dollars) or more; or (b) has regulatory assets under management of $90 million (in U.S. dollars) or more at the time of filing its most recent annual updating amendment and is registered with the SEC;
(2) are a mid-sized advisory firm that has regulatory assets under management of $25 million (in U.S. dollars) or more but less than $100 million (in U.S. dollars) and you are either:
(a) not required to be registered as an adviser with the state securities authority of the state where you maintain your principal office and place of business; or
(b) not subject to examination by the state securities authority of the state where you maintain your principal office and place of business; Click HERE for a list of states in which an investment adviser, if registered, would not be subject to examination by the state securities authority. (3) Reserved
(4) have your principal office and place of business outside the United States; (5) are an investment adviser (or subadviser) to an investment company registered under the Investment Company Act of 1940; (6) are an investment adviser to a company which has elected to be a business development company pursuant to section 54 of the Investment Company Act of 1940 and has not withdrawn the election, and you have at least $25 million of regulatory assets under management; (7) are a pension consultant with respect to assets of plans having an aggregate value of at least $200,000,000 that qualifies for the exemption in rule 203A-2(a);
(8) are a related adviser under rule 203A-2(b) that controls, is controlled by, or is under common control with, an investment adviser that is registered with the SEC, and your principal office and place of business is the same as the registered adviser; If you check this box, complete Section 2.A.(8) of Schedule D. (9) are an adviser relying on rule 203A-2(c) because you expect to be eligible for SEC registration within 120 days; If you check this box, complete Section 2.A.(9) of Schedule D. (10) are a multi-state adviser that is required to register in 15 or more states and is relying on rule 203A-2(d); If you check this box, complete Section 2.A.(10) of Schedule D. (11) are an Internet adviser relying on rule 203A-2(e); If you check this box, complete Section 2.A.(11) of Schedule D. (12) have received an SEC order exempting you from the prohibition against registration with the SEC; If you check this box, complete Section 2.A.(12) of Schedule D. (13) are no longer eligible to remain registered with the SEC.

State Securities Authority Notice Filings and State Reporting by Exempt Reporting Advisers C. Under state laws, SEC-registered advisers may be required to provide to state securities authorities a copy of the Form ADV and any amendments they file with the SEC. These are called notice filings. In addition, exempt reporting advisers may be required to provide state securities authorities with a copy of reports and any amendments they file with the SEC. If this is an initial application or report, check the box(es) next to the state(s) that you would like to receive notice of this and all subsequent filings or reports you submit to the SEC. If this is an amendment to direct your notice filings or reports to additional state(s), check the box(es) next to the state(s) that you would like to receive notice of this and all subsequent filings or reports you submit to the SEC. If this is an amendment to your registration to stop your notice filings or reports from going to state(s) that currently receive them, uncheck the box(es) next to those state(s).

Jurisdictions
AL
AK
AZ
AR
CA
CO
CT
DE
DC
FL
GA
GU
IL
IN
IA
KS
KY
LA
ME
MD
MA
MI
MN
MS
NE
NV
NH
NJ
NM
NY
NC
ND
OH
OK
OR
PA
SC
SD
TN
TX
UT
VT
VI
VA
WA
WV
WI
WY
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HI
ID
MO
MT
PR
RI
If you are amending your registration to stop your notice filings or reports from going to a state that currently receives them and you do not want to pay that state's notice filing or report filing fee for the coming year, your amendment must be filed before the end of the year (December 31).

SECTION 2.A.(8) Related Adviser
If you are relying on the exemption in rule 203A-2(b) from the prohibition on registration because you control, are controlled by, or are under common control with an investment adviser that is registered with the SEC and your principal office and place of business is the same as that of the registered adviser, provide the following information:

Name of Registered Investment Adviser
CRD Number of Registered Investment Adviser
SEC Number of Registered Investment Adviser
-
SECTION 2.A.(9) Investment Adviser Expecting to be Eligible for Commission Registration within 120 Days If you are relying on rule 203A-2(c), the exemption from the prohibition on registration available to an adviser that expects to be eligible for SEC registration within 120 days, you are required to make certain representations about your eligibility for SEC registration. By checking the appropriate boxes, you will be deemed to have made the required representations. You must make both of these representations:

I am not registered or required to be registered with the SEC or a state securities authority and I have a reasonable expectation that I will be eligible to register with the SEC within 120 days after the date my registration with the SEC becomes effective.

I undertake to withdraw from SEC registration if, on the 120th day after my registration with the SEC becomes effective, I would be prohibited by Section 203A(a) of the Advisers Act from registering with the SEC.

SECTION 2.A.(10) Multi-State Adviser
If you are relying on rule 203A-2(d), the multi-state adviser exemption from the prohibition on registration, you are required to make certain representations about your eligibility for SEC registration. By checking the appropriate boxes, you will be deemed to have made the required representations.

If you are applying for registration as an investment adviser with the SEC, you must make both of these representations:

I have reviewed the applicable state and federal laws and have concluded that I am required by the laws of 15 or more states to register as an investment adviser with the state securities authorities in those states.

I undertake to withdraw from SEC registration if I file an amendment to this registration indicating that I would be required by the laws of fewer than 15 states to register as an investment adviser with the state securities authorities of those states.

If you are submitting your annual updating amendment, you must make this representation:

Within 90 days prior to the date of filing this amendment, I have reviewed the applicable state and federal laws and have concluded that I am required by the laws of at least 15 states to register as an investment adviser with the state securities authorities in those states.

SECTION 2.A.(11) Internet Adviser
If you are relying on rule 203A-2(e), the Internet adviser exemption from the prohibition on registration, you are required to make a representation about your eligibility for SEC registration. By checking the appropriate box, you will be deemed to have made the required representation.

If you are applying for registration as an investment adviser with the SEC or changing your existing Item 2 response regarding your eligibility for SEC registration, you must make this representation:

I will provide investment advice on an ongoing basis to more than one client exclusively through an operational interactive website.

If you are filing an annual updating amendment to your existing registration and are continuing to rely on the Internet adviser exemption for SEC registration, you must make this representation:

I have provided and will continue to provide investment advice on an ongoing basis to more than one client exclusively through an operational interactive website.

SECTION 2.A.(12) SEC Exemptive Order
If you are relying upon an SEC order exempting you from the prohibition on registration, provide the following information:

Application Number:
803-
Date of order:
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Item 3 Form of Organization
If you are filing an umbrella registration, the information in Item 3 should be provided for the filing adviser only.

A. How are you organized?
Corporation
Sole Proprietorship
Limited Liability Partnership (LLP)
Partnership
Limited Liability Company (LLC)
Limited Partnership (LP)
Other (specify):

If you are changing your response to this Item, see Part 1A Instruction 4.

B. In what month does your fiscal year end each year?

DECEMBER
C. Under the laws of what state or country are you organized? State Country
Ohio United States
If you are a partnership, provide the name of the state or country under whose laws your partnership was formed. If you are a sole proprietor, provide the name of the state or country where you reside.

If you are changing your response to this Item, see Part 1A Instruction 4. 2/20/26, 1:31 PM IARD - All Sections [User Name: lwhitempf, OrgID: 106816] https://gateway.finra.org/app/profiles/firm 11/41

Item 4 Successions
Yes No
A. Are you, at the time of this filing, succeeding to the business of a registered investment adviser, including, for example, a change of your structure or legal status (e.g., form of organization or state of incorporation)? If "yes", complete Item 4.B. and Section 4 of Schedule D.

B. Date of Succession: (MM/DD/YYYY)
If you have already reported this succession on a previous Form ADV filing, do not report the succession again. Instead, check "No." See Part 1A Instruction 4.

SECTION 4 Successions
No Information Filed
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Item 5 Information About Your Advisory Business - Employees, Clients, and Compensation Responses to this Item help us understand your business, assist us in preparing for on-site examinations, and provide us with data we use when making regulatory policy.

Part 1A Instruction 5.a. provides additional guidance to newly formed advisers for completing this Item 5.

Employees
If you are organized as a sole proprietorship, include yourself as an employee in your responses to Item 5.A. and Items 5.B.(1), (2), (3), (4), and (5). If an employee performs more than one function, you should count that employee in each of your responses to Items 5.B.(1), (2), (3), (4), and (5).

A. Approximately how many employees do you have? Include full- and part-time employees but do not include any clerical workers. 71 B. (1) Approximately how many of the employees reported in 5.A. perform investment advisory functions (including research)? 52 (2) Approximately how many of the employees reported in 5.A. are registered representatives of a broker-dealer? 9 (3) Approximately how many of the employees reported in 5.A. are registered with one or more state securities authorities as investment adviser representatives? 13 (4) Approximately how many of the employees reported in 5.A. are registered with one or more state securities authorities as investment adviser representatives for an investment adviser other than you?
0 (5) Approximately how many of the employees reported in 5.A. are licensed agents of an insurance company or agency? 0 (6) Approximately how many firms or other persons solicit advisory clients on your behalf? 5 In your response to Item 5.B.(6), do not count any of your employees and count a firm only once – do not count each of the firm's employees that solicit on your behalf.

Clients
In your responses to Items 5.C. and 5.D. do not include as "clients" the investors in a private fund you advise, unless you have a separate advisory relationship with those investors.

C. (1) To approximately how many clients for whom you do not have regulatory assets under management did you provide investment advisory services during your most recently completed fiscal year?
17 (2) Approximately what percentage of your clients are non-United States persons? 0%
D. For purposes of this Item 5.D., the category "individuals" includes trusts, estates, and 401(k) plans and IRAs of individuals and their family members, but does not include businesses organized as sole proprietorships.

The category "business development companies" consists of companies that have made an election pursuant to section 54 of the Investment Company Act of 1940.

Unless you provide advisory services pursuant to an investment advisory contract to an investment company registered under the Investment Company Act of 1940, do not answer (1)(d) or (3)(d) below.

Indicate the approximate number of your clients and amount of your total regulatory assets under management (reported in Item 5.F. below) attributable to each of the following type of client. If you have fewer than 5 clients in a particular category (other than (d), (e), and (f)) you may check Item 5.D.(2) rather than respond to Item 5.D.(1).

The aggregate amount of regulatory assets under management reported in Item 5.D.(3) should equal the total amount of regulatory assets under management reported in Item 5.F.(2)(c) below.

If a client fits into more than one category, select one category that most accurately represents the client to avoid double counting clients and assets. If you advise a registered investment company, business development company, or pooled investment vehicle, report those assets in categories (d), (e), and (f) as applicable.

Type of Client
(1) Number of
Client(s)
(2) Fewer than 5
Clients
(3) Amount of Regulatory Assets under
Management
(a) Individuals (other than high net worth individuals) $ (b) High net worth individuals $
(c) Banking or thrift institutions $
(d) Investment companies $
(e) Business development companies $
(f) Pooled investment vehicles (other than investment companies and business development companies)
3 $ 3,544,520,514
(g) Pension and profit sharing plans (but not the plan participants or government pension plans)
$
(h) Charitable organizations $
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(i) State or municipal government entities (including government pension plans)
444 $ 60,582,807,884
(j) Other investment advisers $
(k) Insurance companies $
(l) Sovereign wealth funds and foreign official institutions $ (m) Corporations or other businesses not listed above $ (n) Other: $
Compensation Arrangements
E. You are compensated for your investment advisory services by (check all that apply):
(1) A percentage of assets under your management
(2) Hourly charges
(3) Subscription fees (for a newsletter or periodical)
(4) Fixed fees (other than subscription fees)
(5) Commissions
(6) Performance-based fees
(7) Other (specify):

Item 5 Information About Your Advisory Business - Regulatory Assets Under Management Regulatory Assets Under Management
Yes No
F. (1) Do you provide continuous and regular supervisory or management services to securities portfolios? (2) If yes, what is the amount of your regulatory assets under management and total number of accounts? U.S. Dollar Amount Total Number of Accounts
Discretionary: (a) $ 49,023,839,610 (d) 572
Non-Discretionary: (b) $ 15,103,488,788 (e) 231
Total: (c) $ 64,127,328,398 (f) 803
Part 1A Instruction 5.b. explains how to calculate your regulatory assets under management. You must follow these instructions carefully when completing this Item.
(3) What is the approximate amount of your total regulatory assets under management (reported in Item 5.F.(2)(c) above) attributable to clients who are non-United States persons?
$ 0
Item 5 Information About Your Advisory Business - Advisory Activities Advisory Activities
G. What type(s) of advisory services do you provide? Check all that apply. (1) Financial planning services
(2) Portfolio management for individuals and/or small businesses (3) Portfolio management for investment companies (as well as "business development companies" that have made an election pursuant to section 54 of the Investment Company Act of 1940)
(4) Portfolio management for pooled investment vehicles (other than investment companies) (5) Portfolio management for businesses (other than small businesses) or institutional clients (other than registered investment companies and other pooled investment vehicles)
(6) Pension consulting services
(7) Selection of other advisers (including private fund managers) (8) Publication of periodicals or newsletters
(9) Security ratings or pricing services
(10) Market timing services
(11) Educational seminars/workshops
(12) Other(specify): CASH MANAGEMENT SERVICES, CASH FLOW ANALYSIS AND ALLOCATION, BANK AND CUSTODIAL REQUEST FOR PROPOSAL CONSULTING Do not check Item 5.G.(3) unless you provide advisory services pursuant to an investment advisory contract to an investment company registered under the Investment Company Act of 1940, including as a subadviser. If you check Item 5.G.(3), report the 811 or 814 number of the investment company or investment companies to which you provide advice in Section 5.G.(3) of Schedule D.

H. If you provide financial planning services, to how many clients did you provide these services during your last fiscal year? 0 1 - 10
11 - 25
26 - 50
51 - 100
101 - 250
251 - 500
More than 500
If more than 500, how many?
(round to the nearest 500)
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In your responses to this Item 5.H., do not include as "clients" the investors in a private fund you advise, unless you have a separate advisory relationship with those investors.

Yes No
I. (1) Do you participate in a wrap fee program?
(2) If you participate in a wrap fee program, what is the amount of your regulatory assets under management attributable to acting as:
(a) sponsor to a wrap fee program
$
(b) portfolio manager for a wrap fee program?
$
(c) sponsor to and portfolio manager for the same wrap fee program? $
If you report an amount in Item 5.I.(2)(c), do not report that amount in Item 5.I.(2)(a) or Item 5.I.(2)(b).

If you are a portfolio manager for a wrap fee program, list the names of the programs, their sponsors and related information in Section 5.I.(2) of Schedule D.

If your involvement in a wrap fee program is limited to recommending wrap fee programs to your clients, or you advise a mutual fund that is offered through a wrap fee program, do not check Item 5.I.(1) or enter any amounts in response to Item 5.I.(2).

Yes No
J. (1) In response to Item 4.B. of Part 2A of Form ADV, do you indicate that you provide investment advice only with respect to limited types of investments? (2) Do you report client assets in Item 4.E. of Part 2A that are computed using a different method than the method used to compute your regulatory assets under management?
K. Separately Managed Account Clients
Yes No
(1) Do you have regulatory assets under management attributable to clients other than those listed in Item 5.D.(3)(d)-(f) (separately managed account clients)?
If yes, complete Section 5.K.(1) of Schedule D.
(2) Do you engage in borrowing transactions on behalf of any of the separately managed account clients that you advise? If yes, complete Section 5.K.(2) of Schedule D.
(3) Do you engage in derivative transactions on behalf of any of the separately managed account clients that you advise? If yes, complete Section 5.K.(2) of Schedule D.
(4) After subtracting the amounts in Item 5.D.(3)(d)-(f) above from your total regulatory assets under management, does any custodian hold ten percent or more of this remaining amount of regulatory assets under management? If yes, complete Section 5.K.(3) of Schedule D for each custodian.

L. Marketing Activities
Yes No
(1) Do any of your advertisements include:
(a) Performance results?
(b) A reference to specific investment advice provided by you (as that phrase is used in rule 206(4)-1(a)(5))? (c) Testimonials (other than those that satisfy rule 206(4)-1(b)(4)(ii))? (d) Endorsements (other than those that satisfy rule 206(4)-1(b)(4)(ii))? (e) Third-party ratings?
(2) If you answer "yes" to L(1)(c), (d), or (e) above, do you pay or otherwise provide cash or non-cash compensation, directly or indirectly, in connection with the use of testimonials, endorsements, or third-party ratings? (3) Do any of your advertisements include hypothetical performance ? (4) Do any of your advertisements include predecessor performance ? 2/20/26, 1:31 PM IARD - All Sections [User Name: lwhitempf, OrgID: 106816] https://gateway.finra.org/app/profiles/firm 15/41

SECTION 5.G.(3) Advisers to Registered Investment Companies and Business Development Companies No Information Filed
SECTION 5.I.(2) Wrap Fee Programs
No Information Filed
SECTION 5.K.(1) Separately Managed Accounts
After subtracting the amounts reported in Item 5.D.(3)(d)-(f) from your total regulatory assets under management, indicate the approximate percentage of this remaining amount attributable to each of the following categories of assets. If the remaining amount is at least $10 billion in regulatory assets under management, complete Question (a). If the remaining amount is less than $10 billion in regulatory assets under management, complete Question (b).

Any regulatory assets under management reported in Item 5.D.(3)(d), (e), and (f) should not be reported below.

If you are a subadviser to a separately managed account, you should only provide information with respect to the portion of the account that you subadvise.

End of year refers to the date used to calculate your regulatory assets under management for purposes of your annual updating amendment . Mid-year is the date six months before the end of year date. Each column should add up to 100% and numbers should be rounded to the nearest percent.

Investments in derivatives, registered investment companies, business development companies, and pooled investment vehicles should be reported in those categories.

Do not report those investments based on related or underlying portfolio assets. Cash equivalents include bank deposits, certificates of deposit, bankers' acceptances and similar bank instruments.

Some assets could be classified into more than one category or require discretion about which category applies. You may use your own internal methodologies and the conventions of your service providers in determining how to categorize assets, so long as the methodologies or conventions are consistently applied and consistent with information you report internally and to current and prospective clients. However, you should not double count assets, and your responses must be consistent with any instructions or other guidance relating to this Section. (a) Asset Type Mid-year End of year
(i) Exchange-Traded Equity Securities 0 % 0 %
(ii) Non Exchange-Traded Equity Securities 0 % 0 %
(iii) U.S. Government/Agency Bonds 69 % 68 %
(iv) U.S. State and Local Bonds 1 % 1 %
(v) Sovereign Bonds 0 % 0 %
(vi) Investment Grade Corporate Bonds 21 % 25 %
(vii) Non-Investment Grade Corporate Bonds 0 % 0 %
(viii) Derivatives 0 % 0 %
(ix) Securities Issued by Registered Investment Companies or Business Development Companies 7 % 5 % (x) Securities Issued by Pooled Investment Vehicles (other than Registered Investment Companies or Business Development Companies)
0 % 0 %
(xi) Cash and Cash Equivalents 0 % 0 %
(xii) Other 1 % 1 %
Generally describe any assets included in "Other"

SUPRANATIONAL
(b) Asset Type End of year
(i) Exchange-Traded Equity Securities %
(ii) Non Exchange-Traded Equity Securities %
(iii) U.S. Government/Agency Bonds %
(iv) U.S. State and Local Bonds %
(v) Sovereign Bonds %
(vi) Investment Grade Corporate Bonds %
(vii) Non-Investment Grade Corporate Bonds %
(viii) Derivatives %
(ix) Securities Issued by Registered Investment Companies or Business Development Companies % (x) Securities Issued by Pooled Investment Vehicles (other than Registered Investment Companies or Business Development Companies) % (xi) Cash and Cash Equivalents %
(xii) Other %
Generally describe any assets included in "Other"
SECTION 5.K.(2) Separately Managed Accounts - Use of Borrowingsand Derivatives 2/20/26, 1:31 PM IARD - All Sections [User Name: lwhitempf, OrgID: 106816] https://gateway.finra.org/app/profiles/firm 16/41

No information is required to be reported in this Section 5.K.(2) per the instructions of this Section 5.K.(2) If your regulatory assets under management attributable to separately managed accounts are at least $10 billion, you should complete Question (a). If your regulatory assets under management attributable to separately managed accounts are at least $500 million but less than $10 billion, you should complete Question (b). (a) In the table below, provide the following information regarding the separately managed accounts you advise. If you are a subadviser to a separately managed account, you should only provide information with respect to the portion of the account that you subadvise. End of year refers to the date used to calculate your regulatory assets under management for purposes of your annual updating amendment. Mid-year is the date six months before the end of year date.

In column 1, indicate the regulatory assets under management attributable to separately managed accounts associated with each level of gross notional exposure.

For purposes of this table, the gross notional exposure of an account is the percentage obtained by dividing (i) the sum of (a) the dollar amount of any borrowings and (b) the gross notional value of all derivatives, by (ii) the regulatory assets under management of the account.

In column 2, provide the dollar amount of borrowings for the accounts included in column 1.

In column 3, provide aggregate gross notional value of derivatives divided by the aggregate regulatory assets under management of the accounts included in column 1 with respect to each category of derivatives specified in 3(a) through (f).

You may, but are not required to, complete the table with respect to any separately managed account with regulatory assets under management of less than $10,000,000.

Any regulatory assets under management reported in Item 5.D.(3)(d), (e), and (f) should not be reported below. (i) Mid-Year
Gross Notional
Exposure
(1) Regulatory Assets
Under Management
(2)
Borrowings (3) Derivative Exposures
(a) Interest
Rate Derivative
(b) Foreign
Exchange
Derivative
(c) Credit
Derivative
(d) Equity
Derivative
(e) Commodity
Derivative
(f) Other
Derivative
Less than 10% $ $ % % % % % %
10-149% $ $ % % % % % %
150% or more $ $ % % % % % %
Optional: Use the space below to provide a narrative description of the strategies and/or manner in which borrowings and derivatives are used in the management of the separately managed accounts that you advise.
(ii) End of Year
Gross Notional
Exposure
(1) Regulatory Assets
Under Management
(2)
Borrowings (3) Derivative Exposures
(a) Interest
Rate Derivative
(b) Foreign
Exchange
Derivative
(c) Credit
Derivative
(d) Equity
Derivative
(e) Commodity
Derivative
(f) Other
Derivative
Less than 10% $ $ % % % % % %
10-149% $ $ % % % % % %
150% or more $ $ % % % % % %
Optional: Use the space below to provide a narrative description of the strategies and/or manner in which borrowings and derivatives are used in the management of the separately managed accounts that you advise.
(b) In the table below, provide the following information regarding the separately managed accounts you advise as of the date used to calculate your regulatory assets under management for purposes of your annual updating amendment. If you are a subadviser to a separately managed account, you should only provide information with respect to the portion of the account that you subadvise.

In column 1, indicate the regulatory assets under management attributable to separately managed accounts associated with each level of gross notional exposure.

For purposes of this table, the gross notional exposure of an account is the percentage obtained by dividing (i) the sum of (a) the dollar amount of any borrowings and (b) the gross notional value of all derivatives, by (ii) the regulatory assets under management of the account.

In column 2, provide the dollar amount of borrowings for the accounts included in column 1.

You may, but are not required to, complete the table with respect to any separately managed accounts with regulatory assets under management of less than $10,000,000.

Any regulatory assets under management reported in Item 5.D.(3)(d), (e), and (f) should not be reported below.

Gross Notional Exposure (1) Regulatory Assets Under Management (2) Borrowings 2/20/26, 1:31 PM IARD - All Sections [User Name: lwhitempf, OrgID: 106816] https://gateway.finra.org/app/profiles/firm 17/41

Less than 10% $ $
10-149% $ $
150% or more $ $
Optional: Use the space below to provide a narrative description of the strategies and/or manner in which borrowings and derivatives are used in the management of the separately managed accounts that you advise.

SECTION 5.K.(3) Custodians for Separately Managed Accounts Complete a separate Schedule D Section 5.K.(3) for each custodian that holds ten percent or more of your aggregate separately managed account regulatory assets under management.
(a) Legal name of custodian:

U.S. BANCORP
(b) Primary business name of custodian:

US BANK
(c) The location(s) of the custodian's office(s) responsible for custody of the assets :

City:

CINCINNATI
State:

Ohio
Country:

United States
Yes No
(d) Is the custodian a related person of your firm?
(e) If the custodian is a broker-dealer, provide its SEC registration number (if any) -
(f) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity identifier (if any) (g) What amount of your regulatory assets under management attributable to separately managed accounts is held at the custodian? $ 23,128,739,776
(a) Legal name of custodian:

PRINCIPAL CUSTODY SOLUTIONS
(b) Primary business name of custodian:

PRINCIPAL FINANCIAL GROUP
(c) The location(s) of the custodian's office(s) responsible for custody of the assets :

City:

DES MOINES
State:

Iowa
Country:

United States
Yes No
(d) Is the custodian a related person of your firm?
(e) If the custodian is a broker-dealer, provide its SEC registration number (if any) -
(f) If the custodian is not a broker-dealer, or is a broker-dealer but does not have an SEC registration number, provide its legal entity identifier (if any) (g) What amount of your regulatory assets under management attributable to separately managed accounts is held at the custodian? $ 15,124,998,758
2/20/26, 1:31 PM IARD - All Sections [User Name: lwhitempf, OrgID: 106816] https://gateway.finra.org/app/profiles/firm 18/41

Item 6 Other Business Activities
In this Item, we request information about your firm's other business activities.

A. You are actively engaged in business as a (check all that apply):
(1) broker-dealer (registered or unregistered)
(2) registered representative of a broker-dealer
(3) commodity pool operator or commodity trading advisor (whether registered or exempt from registration) (4) futures commission merchant
(5) real estate broker, dealer, or agent
(6) insurance broker or agent
(7) bank (including a separately identifiable department or division of a bank) (8) trust company
(9) registered municipal advisor
(10) registered security-based swap dealer
(11) major security-based swap participant
(12) accountant or accounting firm
(13) lawyer or law firm
(14) other financial product salesperson (specify):

If you engage in other business using a name that is different from the names reported in Items 1.A. or 1.B.(1), complete Section 6.A. of Schedule D.

Yes No
B. (1) Are you actively engaged in any other business not listed in Item 6.A. (other than giving investment advice)? (2) If yes, is this other business your primary business? If "yes," describe this other business on Section 6.B.(2) of Schedule D, and if you engage in this business under a different name, provide that name.

Yes No
(3) Do you sell products or provide services other than investment advice to your advisory clients? If "yes," describe this other business on Section 6.B.(3) of Schedule D, and if you engage in this business under a different name, provide that name.

SECTION 6.A. Names of Your Other Businesses
No Information Filed
SECTION 6.B.(2) Description of Primary Business
Describe your primary business (not your investment advisory business):

If you engage in that business under a different name, provide that name:

SECTION 6.B.(3) Description of Other Products and Services Describe other products or services you sell to your client. You may omit products and services that you listed in Section 6.B.(2) above.

If you engage in that business under a different name, provide that name:
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Item 7 Financial Industry Affiliations
In this Item, we request information about your financial industry affiliations and activities. This information identifies areas in which conflicts of interest may occur between you and your clients.

A. This part of Item 7 requires you to provide information about you and your related persons, including foreign affiliates. Your related persons are all of your advisory affiliates and any person that is under common control with you.

You have a related person that is a (check all that apply):
(1) broker-dealer, municipal securities dealer, or government securities broker or dealer (registered or unregistered) (2) other investment adviser (including financial planners) (3) registered municipal advisor
(4) registered security-based swap dealer
(5) major security-based swap participant
(6) commodity pool operator or commodity trading advisor (whether registered or exempt from registration) (7) futures commission merchant
(8) banking or thrift institution
(9) trust company
(10) accountant or accounting firm
(11) lawyer or law firm
(12) insurance company or agency
(13) pension consultant
(14) real estate broker or dealer
(15) sponsor or syndicator of limited partnerships (or equivalent), excluding pooled investment vehicles (16) sponsor, general partner, managing member (or equivalent) of pooled investment vehicles Note that Item 7.A. should not be used to disclose that some of your employees perform investment advisory functions or are registered representatives of a broker-dealer. The number of your firm's employees who perform investment advisory functions should be disclosed under Item 5.B.(1). The number of your firm's employees who are registered representatives of a broker-dealer should be disclosed under Item 5.B.(2).

Note that if you are filing an umbrella registration, you should not check Item 7.A.(2) with respect to your relying advisers, and you do not have to complete Section 7.A. in Schedule D for your relying advisers. You should complete a Schedule R for each relying adviser.

For each related person, including foreign affiliates that may not be registered or required to be registered in the United States, complete Section 7.A. of Schedule D.

You do not need to complete Section 7.A. of Schedule D for any related person if: (1) you have no business dealings with the related person in connection with advisory services you provide to your clients; (2) you do not conduct shared operations with the related person; (3) you do not refer clients or business to the related person, and the related person does not refer prospective clients or business to you; (4) you do not share supervised persons or premises with the related person; and (5) you have no reason to believe that your relationship with the related person otherwise creates a conflict of interest with your clients.

You must complete Section 7.A. of Schedule D for each related person acting as qualified custodian in connection with advisory services you provide to your clients (other than any mutual fund transfer agent pursuant to rule 206(4)-2(b)(1)), regardless of whether you have determined the related person to be operationally independent under rule 206(4)-2 of the Advisers Act.

SECTION 7.A. Financial Industry Affiliations
Complete a separate Schedule D Section 7.A. for each related person listed in Item 7.A.

1. Legal Name of Related Person:

MEEDER ASSET MANAGEMENT, INC

2. Primary Business Name of Related Person:

MEEDER ASSET MANAGEMENT, INC.

3. Related Person's SEC File Number (if any) (e.g., 801-, 8-, 866-, 802-) 801 - 9839
or
Other

4. Related Person's
(a) CRD Number (if any):
105794
(b) CIK Number(s) (if any):

No Information Filed

5. Related Person is: (check all that apply)
(a) broker-dealer, municipal securities dealer, or government securities broker or dealer (b) other investment adviser (including financial planners) (c) registered municipal advisor
(d) registered security-based swap dealer
(e) major security-based swap participant
(f) commodity pool operator or commodity trading advisor (whether registered or exempt from registration) (g) futures commission merchant
(h) banking or thrift institution
2/20/26, 1:31 PM IARD - All Sections [User Name: lwhitempf, OrgID: 106816] https://gateway.finra.org/app/profiles/firm 20/41

(i) trust company
(j) accountant or accounting firm
(k) lawyer or law firm
(l) insurance company or agency
(m) pension consultant
(n) real estate broker or dealer
(o) sponsor or syndicator of limited partnerships (or equivalent), excluding pooled investment vehicles (p) sponsor, general partner, managing member (or equivalent) of pooled investment vehicles Yes No

6. Do you control or are you controlled by the related person?

7. Are you and the related person under common control?

8. (a) Does the related person act as a qualified custodian for your clients in connection with advisory services you provide to clients? (b) If you are registering or registered with the SEC and you have answered "yes," to question 8.(a) above, have you overcome the presumption that you are not operationally independent (pursuant to rule 206(4)-2(d)(5)) from the related person and thus are not required to obtain a surprise examination for your clients' funds or securities that are maintained at the related person? (c) If you have answered "yes" to question 8.(a) above, provide the location of the related person's office responsible for custody of your clients' assets:

Number and Street 1: Number and Street 2:

City: State: Country: ZIP+4/Postal Code:

If this address is a private residence, check this box:

Yes No

9. (a) If the related person is an investment adviser, is it exempt from registration? (b) If the answer is yes, under what exemption?

10. (a) Is the related person registered with a foreign financial regulatory authority ? (b) If the answer is yes, list the name and country, in English of each foreign financial regulatory authority with which the related person is registered.

No Information Filed

11. Do you and the related person share any supervised persons?

12. Do you and the related person share the same physical location?

1. Legal Name of Related Person:

MEEDER DISTRIBUTION SERVICES, INC.

2. Primary Business Name of Related Person:

MEEDER DISTRIBUTION SERVICES, INC.

3. Related Person's SEC File Number (if any) (e.g., 801-, 8-, 866-, 802-) 8 - 47374
or
Other

4. Related Person's
(a) CRD Number (if any):
36773
(b) CIK Number(s) (if any):

No Information Filed

5. Related Person is: (check all that apply)
(a) broker-dealer, municipal securities dealer, or government securities broker or dealer (b) other investment adviser (including financial planners) (c) registered municipal advisor
(d) registered security-based swap dealer
(e) major security-based swap participant
(f) commodity pool operator or commodity trading advisor (whether registered or exempt from registration) (g) futures commission merchant
(h) banking or thrift institution
(i) trust company
(j) accountant or accounting firm
(k) lawyer or law firm
(l) insurance company or agency
(m) pension consultant
(n) real estate broker or dealer
(o) sponsor or syndicator of limited partnerships (or equivalent), excluding pooled investment vehicles (p) sponsor, general partner, managing member (or equivalent) of pooled investment vehicles Yes No
2/20/26, 1:31 PM IARD - All Sections [User Name: lwhitempf, OrgID: 106816] https://gateway.finra.org/app/profiles/firm 21/41

6. Do you control or are you controlled by the related person?

7. Are you and the related person under common control?

8. (a) Does the related person act as a qualified custodian for your clients in connection with advisory services you provide to clients? (b) If you are registering or registered with the SEC and you have answered "yes," to question 8.(a) above, have you overcome the presumption that you are not operationally independent (pursuant to rule 206(4)-2(d)(5)) from the related person and thus are not required to obtain a surprise examination for your clients' funds or securities that are maintained at the related person? (c) If you have answered "yes" to question 8.(a) above, provide the location of the related person's office responsible for custody of your clients' assets:

Number and Street 1: Number and Street 2:

City: State: Country: ZIP+4/Postal Code:

If this address is a private residence, check this box:

Yes No

9. (a) If the related person is an investment adviser, is it exempt from registration? (b) If the answer is yes, under what exemption?

10. (a) Is the related person registered with a foreign financial regulatory authority ? (b) If the answer is yes, list the name and country, in English of each foreign financial regulatory authority with which the related person is registered.

No Information Filed

11. Do you and the related person share any supervised persons?

12. Do you and the related person share the same physical location?

1. Legal Name of Related Person:

MEEDER ADVISORY SERVICES, INC

2. Primary Business Name of Related Person:

MEEDER ADVISORY SERVICES, INC.

3. Related Person's SEC File Number (if any) (e.g., 801-, 8-, 866-, 802-) 801 - 40023
or
Other

4. Related Person's
(a) CRD Number (if any):
106814
(b) CIK Number(s) (if any):

No Information Filed

5. Related Person is: (check all that apply)
(a) broker-dealer, municipal securities dealer, or government securities broker or dealer (b) other investment adviser (including financial planners) (c) registered municipal advisor
(d) registered security-based swap dealer
(e) major security-based swap participant
(f) commodity pool operator or commodity trading advisor (whether registered or exempt from registration) (g) futures commission merchant
(h) banking or thrift institution
(i) trust company
(j) accountant or accounting firm
(k) lawyer or law firm
(l) insurance company or agency
(m) pension consultant
(n) real estate broker or dealer
(o) sponsor or syndicator of limited partnerships (or equivalent), excluding pooled investment vehicles (p) sponsor, general partner, managing member (or equivalent) of pooled investment vehicles Yes No

6. Do you control or are you controlled by the related person?

7. Are you and the related person under common control?

8. (a) Does the related person act as a qualified custodian for your clients in connection with advisory services you provide to clients? (b) If you are registering or registered with the SEC and you have answered "yes," to question 8.(a) above, have you overcome the presumption that you are not operationally independent (pursuant to rule 206(4)-2(d)(5)) from the related person and thus are not required to obtain a surprise examination for your clients' funds or securities that are maintained at the related person? (c) If you have answered "yes" to question 8.(a) above, provide the location of the related person's office responsible for custody of your clients' assets:
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Number and Street 1: Number and Street 2:

City: State: Country: ZIP+4/Postal Code:

If this address is a private residence, check this box:

Yes No

9. (a) If the related person is an investment adviser, is it exempt from registration? (b) If the answer is yes, under what exemption?

10. (a) Is the related person registered with a foreign financial regulatory authority ? (b) If the answer is yes, list the name and country, in English of each foreign financial regulatory authority with which the related person is registered.

No Information Filed

11. Do you and the related person share any supervised persons?

12. Do you and the related person share the same physical location?

1. Legal Name of Related Person:

MUTUAL FUNDS SERVICE COMPANY

2. Primary Business Name of Related Person:

MUTUAL FUNDS SERVICE COMPANY

3. Related Person's SEC File Number (if any) (e.g., 801-, 8-, 866-, 802-) -
or
Other
084-01441

4. Related Person's
(a) CRD Number (if any):

(b) CIK Number(s) (if any):

CIK Number
796565

5. Related Person is: (check all that apply)
(a) broker-dealer, municipal securities dealer, or government securities broker or dealer (b) other investment adviser (including financial planners) (c) registered municipal advisor
(d) registered security-based swap dealer
(e) major security-based swap participant
(f) commodity pool operator or commodity trading advisor (whether registered or exempt from registration) (g) futures commission merchant
(h) banking or thrift institution
(i) trust company
(j) accountant or accounting firm
(k) lawyer or law firm
(l) insurance company or agency
(m) pension consultant
(n) real estate broker or dealer
(o) sponsor or syndicator of limited partnerships (or equivalent), excluding pooled investment vehicles (p) sponsor, general partner, managing member (or equivalent) of pooled investment vehicles Yes No

6. Do you control or are you controlled by the related person?

7. Are you and the related person under common control?

8. (a) Does the related person act as a qualified custodian for your clients in connection with advisory services you provide to clients? (b) If you are registering or registered with the SEC and you have answered "yes," to question 8.(a) above, have you overcome the presumption that you are not operationally independent (pursuant to rule 206(4)-2(d)(5)) from the related person and thus are not required to obtain a surprise examination for your clients' funds or securities that are maintained at the related person? (c) If you have answered "yes" to question 8.(a) above, provide the location of the related person's office responsible for custody of your clients' assets:

Number and Street 1:
6125 MEMORIAL DRIVE
Number and Street 2:

City:

DUBLIN
State:

Ohio
Country:

United States
ZIP+4/Postal Code:
43017
If this address is a private residence, check this box:

Yes No

9. (a) If the related person is an investment adviser, is it exempt from registration? 2/20/26, 1:31 PM IARD - All Sections [User Name: lwhitempf, OrgID: 106816] https://gateway.finra.org/app/profiles/firm 23/41

(b) If the answer is yes, under what exemption?

10. (a) Is the related person registered with a foreign financial regulatory authority ? (b) If the answer is yes, list the name and country, in English of each foreign financial regulatory authority with which the related person is registered.

No Information Filed

11. Do you and the related person share any supervised persons?

12. Do you and the related person share the same physical location? Item 7 Private Fund Reporting
Yes No
B. Are you an adviser to any private fund?
If "yes," then for each private fund that you advise, you must complete a Section 7.B.(1) of Schedule D, except in certain circumstances described in the next sentence and in Instruction 6 of the Instructions to Part 1A. If you are registered or applying for registration with the SEC or reporting as an SEC exempt reporting adviser, and another SEC-registered adviser or SEC exempt reporting adviser reports this information with respect to any such private fund in Section 7.B.(1) of Schedule D of its Form ADV (e.g., if you are a subadviser), do not complete Section 7.B.(1) of Schedule D with respect to that private fund. You must, instead, complete Section 7.B.(2) of Schedule D.

In either case, if you seek to preserve the anonymity of a private fund client by maintaining its identity in your books and records in numerical or alphabetical code, or similar designation, pursuant to rule 204-2(d), you may identify the private fund in Section 7.B.(1) or 7.B.(2) of Schedule D using the same code or designation in place of the fund's name.

SECTION 7.B.(1) Private Fund Reporting
No Information Filed
SECTION 7.B.(2) Private Fund Reporting
No Information Filed
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Item 8 Participation or Interest in Client Transactions In this Item, we request information about your participation and interest in your clients' transactions. This information identifies additional areas in which conflicts of interest may occur between you and your clients. Newly-formed advisers should base responses to these questions on the types of participation and interest that you expect to engage in during the next year.

Like Item 7, Item 8 requires you to provide information about you and your related persons, including foreign affiliates.

Proprietary Interest in Client Transactions
A. Do you or any related person: Yes No
(1) buy securities for yourself from advisory clients, or sell securities you own to advisory clients (principal transactions)? (2) buy or sell for yourself securities (other than shares of mutual funds) that you also recommend to advisory clients? (3) recommend securities (or other investment products) to advisory clients in which you or any related person has some other proprietary (ownership) interest (other than those mentioned in Items 8.A.(1) or (2))? Sales Interest in Client Transactions
B. Do you or any related person: Yes No
(1) as a broker-dealer or registered representative of a broker-dealer, execute securities trades for brokerage customers in which advisory client securities are sold to or bought from the brokerage customer (agency cross transactions)? (2) recommend to advisory clients, or act as a purchaser representative for advisory clients with respect to, the purchase of securities for which you or any related person serves as underwriter or general or managing partner? (3) recommend purchase or sale of securities to advisory clients for which you or any related person has any other sales interest (other than the receipt of sales commissions as a broker or registered representative of a broker-dealer)? Investment or Brokerage Discretion
C. Do you or any related person have discretionary authority to determine the: Yes No (1) securities to be bought or sold for a client's account? (2) amount of securities to be bought or sold for a client's account? (3) broker or dealer to be used for a purchase or sale of securities for a client's account? (4) commission rates to be paid to a broker or dealer for a client's securities transactions? D. If you answer "yes" to C.(3) above, are any of the brokers or dealers related persons? E. Do you or any related person recommend brokers or dealers to clients? F. If you answer "yes" to E. above, are any of the brokers or dealers related persons? G. (1) Do you or any related person receive research or other products or services other than execution from a broker-dealer or a third party ("soft dollar benefits") in connection with client securities transactions? (2) If "yes" to G.(1) above, are all the "soft dollar benefits" you or any related persons receive eligible "research or brokerage services" under section 28(e) of the Securities Exchange Act of 1934?
H. (1) Do you or any related person, directly or indirectly, compensate any person that is not an employee for client referrals? (2) Do you or any related person, directly or indirectly, provide any employee compensation that is specifically related to obtaining clients for the firm (cash or non-cash compensation in addition to the employee's regular salary)? I. Do you or any related person, including any employee, directly or indirectly, receive compensation from any person (other than you or any related person) for client referrals?
In your response to Item 8.I., do not include the regular salary you pay to an employee.

In responding to Items 8.H. and 8.I., consider all cash and non-cash compensation that you or a related person gave to (in answering Item 8.H.) or received from (in answering Item 8.I.) any person in exchange for client referrals, including any bonus that is based, at least in part, on the number or amount of client referrals. 2/20/26, 1:31 PM IARD - All Sections [User Name: lwhitempf, OrgID: 106816] https://gateway.finra.org/app/profiles/firm 25/41

Item 9 Custody
In this Item, we ask you whether you or a related person has custody of client (other than clients that are investment companies registered under the Investment Company Act of 1940) assets and about your custodial practices.

A. (1) Do you have custody of any advisory clients': Yes No (a) cash or bank accounts?
(b) securities?
If you are registering or registered with the SEC, answer "No" to Item 9.A.(1)(a) and (b) if you have custody solely because (i) you deduct your advisory fees directly from your clients' accounts, or (ii) a related person has custody of client assets in connection with advisory services you provide to clients, but you have overcome the presumption that you are not operationally independent (pursuant to Advisers Act rule 206(4)-2(d)(5)) from the related person. (2) If you checked "yes" to Item 9.A.(1)(a) or (b), what is the approximate amount of client funds and securities and total number of clients for which you have custody:

U.S. Dollar Amount Total Number of Clients
(a) $ (b)
If you are registering or registered with the SEC and you have custody solely because you deduct your advisory fees directly from your clients' accounts, do not include the amount of those assets and the number of those clients in your response to Item 9.A.(2). If your related person has custody of client assets in connection with advisory services you provide to clients, do not include the amount of those assets and number of those clients in your response to 9.A.(2). Instead, include that information in your response to Item 9.B.(2).

B. (1) In connection with advisory services you provide to clients, do any of your related persons have custody of any of your advisory clients': Yes No (a) cash or bank accounts?
(b) securities?
You are required to answer this item regardless of how you answered Item 9.A.(1)(a) or (b). (2) If you checked "yes" to Item 9.B.(1)(a) or (b), what is the approximate amount of client funds and securities and total number of clients for which your related persons have custody:

U.S. Dollar Amount Total Number of Clients
(a) $ 6,427,504,348 (b) 421
C. If you or your related persons have custody of client funds or securities in connection with advisory services you provide to clients, check all the following that apply:
(1) A qualified custodian(s) sends account statements at least quarterly to the investors in the pooled investment vehicle(s) you manage. (2) An independent public accountant audits annually the pooled investment vehicle(s) that you manage and the audited financial statements are distributed to the investors in the pools.
(3) An independent public accountant conducts an annual surprise examination of client funds and securities. (4) An independent public accountant prepares an internal control report with respect to custodial services when you or your related persons are qualified custodians for client funds and securities.

If you checked Item 9.C.(2), C.(3) or C.(4), list in Section 9.C. of Schedule D the accountants that are engaged to perform the audit or examination or prepare an internal control report. (If you checked Item 9.C.(2), you do not have to list auditor information in Section 9.C. of Schedule D if you already provided this information with respect to the private funds you advise in Section 7.B.(1) of Schedule D).

D. Do you or your related person(s) act as qualified custodians for your clients in connection with advisory services you provide to clients? Yes No (1) you act as a qualified custodian
(2) your related person(s) act as qualified custodian(s) If you checked "yes" to Item 9.D.(2), all related persons that act as qualified custodians (other than any mutual fund transfer agent pursuant to rule 206(4)-2(b) (1)) must be identified in Section 7.A. of Schedule D, regardless of whether you have determined the related person to be operationally independent under rule 206(4)-2 of the Advisers Act.

E. If you are filing your annual updating amendment and you were subject to a surprise examination by an independent public accountant during your last fiscal year, provide the date (MM/YYYY) the examination commenced:
12/2025
F. If you or your related persons have custody of client funds or securities, how many persons, including, but not limited to, you and your related persons, act as qualified custodians for your clients in connection with advisory services you provide to clients? 1 SECTION 9.C. Independent Public Accountant
You must complete the following information for each independent public accountant engaged to perform a surprise examination, perform an audit of a pooled investment vehicle that you manage, or prepare an internal control report. You must complete a separate Schedule D Section 9.C. for each independent public 2/20/26, 1:31 PM IARD - All Sections [User Name: lwhitempf, OrgID: 106816] https://gateway.finra.org/app/profiles/firm 26/41

accountant.
(1) Name of the independent public accountant:

CLARK SCHAEFER HACKETT
(2) The location of the independent public accountant's office responsible for the services provided:

Number and Street 1: Number and Street 2:
4449 EASTON WAY SUITE 400
City: State: Country: ZIP+4/Postal Code:

COLUMBUS Ohio United States 43219
Yes No
(3) Is the independent public accountant registered with the Public Company Accounting Oversight Board? If "yes," Public Company Accounting Oversight Board-Assigned Number:
539
(4) If "yes" to (3) above, is the independent public accountant subject to regular inspection by the Public Company Accounting Oversight Board in accordance with its rules?
(5) The independent public accountant is engaged to:

A. audit a pooled investment vehicle
B. perform a surprise examination of clients' assets
C. prepare an internal control report
(6) Since your last annual updating amendment, did all of the reports prepared by the independent public accountant that audited the pooled investment vehicle or that examined internal controls contain unqualified opinions? Yes
No
Report Not Yet Received
If you check "Report Not Yet Received", you must promptly file an amendment to your Form ADV to update your response when the accountant's report is available.
(1) Name of the independent public accountant:

COHEN & COMPANY, LTD
(2) The location of the independent public accountant's office responsible for the services provided:

Number and Street 1: Number and Street 2:
342 NORTH WATER STREET SUITE 830
City: State: Country: ZIP+4/Postal Code:

MILWAUKEE Wisconsin United States 53202
Yes No
(3) Is the independent public accountant registered with the Public Company Accounting Oversight Board? If "yes," Public Company Accounting Oversight Board-Assigned Number:
925
(4) If "yes" to (3) above, is the independent public accountant subject to regular inspection by the Public Company Accounting Oversight Board in accordance with its rules?
(5) The independent public accountant is engaged to:

A. audit a pooled investment vehicle
B. perform a surprise examination of clients' assets
C. prepare an internal control report
(6) Since your last annual updating amendment, did all of the reports prepared by the independent public accountant that audited the pooled investment vehicle or that examined internal controls contain unqualified opinions? Yes
No
Report Not Yet Received
If you check "Report Not Yet Received", you must promptly file an amendment to your Form ADV to update your response when the accountant's report is available.
(1) Name of the independent public accountant:

SCHELLMAN & COMPANY, LLC
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(2) The location of the independent public accountant's office responsible for the services provided:

Number and Street 1: Number and Street 2:
4010 W. BOY SCOUT BLVD SUITE 600
City: State: Country: ZIP+4/Postal Code:

TAMPA Florida United States 33607
Yes No
(3) Is the independent public accountant registered with the Public Company Accounting Oversight Board? If "yes," Public Company Accounting Oversight Board-Assigned Number:
2284
(4) If "yes" to (3) above, is the independent public accountant subject to regular inspection by the Public Company Accounting Oversight Board in accordance with its rules?
(5) The independent public accountant is engaged to:

A. audit a pooled investment vehicle
B. perform a surprise examination of clients' assets
C. prepare an internal control report
(6) Since your last annual updating amendment, did all of the reports prepared by the independent public accountant that audited the pooled investment vehicle or that examined internal controls contain unqualified opinions? Yes
No
Report Not Yet Received
If you check "Report Not Yet Received", you must promptly file an amendment to your Form ADV to update your response when the accountant's report is available.
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Item 10 Control Persons
In this Item, we ask you to identify every person that, directly or indirectly, controls you. If you are filing an umbrella registration, the information in Item 10 should be provided for the filing adviser only.

If you are submitting an initial application or report, you must complete Schedule A and Schedule B. Schedule A asks for information about your direct owners and executive officers. Schedule B asks for information about your indirect owners. If this is an amendment and you are updating information you reported on either Schedule A or Schedule B (or both) that you filed with your initial application or report, you must complete Schedule C.

Yes No
A. Does any person not named in Item 1.A. or Schedules A, B, or C, directly or indirectly, control your management or policies? If yes, complete Section 10.A. of Schedule D.

B. If any person named in Schedules A, B, or C or in Section 10.A. of Schedule D is a public reporting company under Sections 12 or 15(d) of the Securities Exchange Act of 1934, please complete Section 10.B. of Schedule D.

SECTION 10.A. Control Persons
No Information Filed
SECTION 10.B. Control Person Public Reporting Companies No Information Filed
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Item 11 Disclosure Information
In this Item, we ask for information about your disciplinary history and the disciplinary history of all your advisory affiliates. We use this information to determine whether to grant your application for registration, to decide whether to revoke your registration or to place limitations on your activities as an investment adviser, and to identify potential problem areas to focus on during our on-site examinations. One event may result in "yes" answers to more than one of the questions below. In accordance with General Instruction 5 to Form ADV, "you" and "your" include the filing adviser and all relying advisers under an umbrella registration.

Your advisory affiliates are: (1) all of your current employees (other than employees performing only clerical, administrative, support or similar functions); (2) all of your officers, partners, or directors (or any person performing similar functions); and (3) all persons directly or indirectly controlling you or controlled by you. If you are a "separately identifiable department or division" (SID) of a bank, see the Glossary of Terms to determine who your advisory affiliates are.

If you are registered or registering with the SEC or if you are an exempt reporting adviser, you may limit your disclosure of any event listed in Item 11 to ten years following the date of the event. If you are registered or registering with a state, you must respond to the questions as posed; you may, therefore, limit your disclosure to ten years following the date of an event only in responding to Items 11.A.(1), 11.A.(2), 11.B.(1), 11.B.(2), 11.D.(4), and 11.H.(1)(a). For purposes of calculating this ten-year period, the date of an event is the date the final order, judgment, or decree was entered, or the date any rights of appeal from preliminary orders, judgments, or decrees lapsed.

You must complete the appropriate Disclosure Reporting Page ("DRP") for "yes" answers to the questions in this Item 11.

Yes No
Do any of the events below involve you or any of your supervised persons? For "yes" answers to the following questions, complete a Criminal Action DRP:

A. In the past ten years, have you or any advisory affiliate: Yes No (1) been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to any felony? (2) been charged with any felony?
If you are registered or registering with the SEC, or if you are reporting as an exempt reporting adviser, you may limit your response to Item 11.A.(2) to charges that are currently pending.

B. In the past ten years, have you or any advisory affiliate:
(1) been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses? (2) been charged with a misdemeanor listed in Item 11.B.(1)? If you are registered or registering with the SEC, or if you are reporting as an exempt reporting adviser, you may limit your response to Item 11.B.(2) to charges that are currently pending.

For "yes" answers to the following questions, complete a Regulatory Action DRP:

C. Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: Yes No (1) found you or any advisory affiliate to have made a false statement or omission? (2) found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes? (3) found you or any advisory affiliate to have been a cause of an investment-related business having its authorization to do business denied, suspended, revoked, or restricted?
(4) entered an order against you or any advisory affiliate in connection with investment-related activity? (5) imposed a civil money penalty on you or any advisory affiliate, or ordered you or any advisory affiliate to cease and desist from any activity? D. Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority:
(1) ever found you or any advisory affiliate to have made a false statement or omission, or been dishonest, unfair, or unethical? (2) ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes? (3) ever found you or any advisory affiliate to have been a cause of an investment-related business having its authorization to do business denied, suspended, revoked, or restricted?
(4) in the past ten years, entered an order against you or any advisory affiliate in connection with an investment-related activity? (5) ever denied, suspended, or revoked your or any advisory affiliate's registration or license, or otherwise prevented you or any advisory affiliate, by order, from associating with an investment-related business or restricted your or any advisory affiliate's activity? E. Has any self-regulatory organization or commodities exchange ever:
(1) found you or any advisory affiliate to have made a false statement or omission? (2) found you or any advisory affiliate to have been involved in a violation of its rules (other than a violation designated as a "minor rule violation" under a plan approved by the SEC)?
(3) found you or any advisory affiliate to have been the cause of an investment-related business having its authorization to do business denied, suspended, revoked, or restricted?
(4) disciplined you or any advisory affiliate by expelling or suspending you or the advisory affiliate from membership, barring or suspending you or the advisory affiliate from association with other members, or otherwise restricting your or the advisory affiliate's activities? F. Has an authorization to act as an attorney, accountant, or federal contractor granted to you or any advisory affiliate ever been revoked or suspended? G. Are you or any advisory affiliate now the subject of any regulatory proceeding that could result in a "yes" answer to any part of Item 11.C., 11.D., or

11.E.?
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For "yes" answers to the following questions, complete a Civil Judicial Action DRP:

H. (1) Has any domestic or foreign court: Yes No
(a) in the past ten years, enjoined you or any advisory affiliate in connection with any investment-related activity? (b) ever found that you or any advisory affiliate were involved in a violation of investment-related statutes or regulations? (c) ever dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or any advisory affiliate by a state or foreign financial regulatory authority?
(2) Are you or any advisory affiliate now the subject of any civil proceeding that could result in a "yes" answer to any part of Item 11.H.(1)? 2/20/26, 1:31 PM IARD - All Sections [User Name: lwhitempf, OrgID: 106816] https://gateway.finra.org/app/profiles/firm 31/41

Item 12 Small Businesses
The SEC is required by the Regulatory Flexibility Act to consider the effect of its regulations on small entities. In order to do this, we need to determine whether you meet the definition of "small business" or "small organization" under rule 0-7.

Answer this Item 12 only if you are registered or registering with the SEC and you indicated in response to Item 5.F.(2)(c) that you have regulatory assets under management of less than $25 million. You are not required to answer this Item 12 if you are filing for initial registration as a state adviser, amending a current state registration, or switching from SEC to state registration.

For purposes of this Item 12 only:

Total Assets refers to the total assets of a firm, rather than the assets managed on behalf of clients. In determining your or another person's total assets, you may use the total assets shown on a current balance sheet (but use total assets reported on a consolidated balance sheet with subsidiaries included, if that amount is larger).

Control means the power to direct or cause the direction of the management or policies of a person, whether through ownership of securities, by contract, or otherwise. Any person that directly or indirectly has the right to vote 25 percent or more of the voting securities, or is entitled to 25 percent or more of the profits, of another person is presumed to control the other person.

Yes No
A. Did you have total assets of $5 million or more on the last day of your most recent fiscal year? If "yes," you do not need to answer Items 12.B. and 12.C.

B. Do you:
(1) control another investment adviser that had regulatory assets under management (calculated in response to Item 5.F.(2)(c) of Form ADV) of $25 million or more on the last day of its most recent fiscal year? (2) control another person (other than a natural person) that had total assets of $5 million or more on the last day of its most recent fiscal year? C. Are you:
(1) controlled by or under common control with another investment adviser that had regulatory assets under management (calculated in response to Item

5.F.(2)(c) of Form ADV) of $25 million or more on the last day of its most recent fiscal year? (2) controlled by or under common control with another person (other than a natural person) that had total assets of $5 million or more on the last day of its most recent fiscal year?
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Schedule A
Direct Owners and Executive Officers

1. Complete Schedule A only if you are submitting an initial application or report. Schedule A asks for information about your direct owners and executive officers. Use Schedule C to amend this information.

2. Direct Owners and Executive Officers. List below the names of:
(a) each Chief Executive Officer, Chief Financial Officer, Chief Operations Officer, Chief Legal Officer, Chief Compliance Officer(Chief Compliance Officer is required if you are registered or applying for registration and cannot be more than one individual), director, and any other individuals with similar status or functions; (b) if you are organized as a corporation, each shareholder that is a direct owner of 5% or more of a class of your voting securities, unless you are a public reporting company (a company subject to Section 12 or 15(d) of the Exchange Act); Direct owners include any person that owns, beneficially owns, has the right to vote, or has the power to sell or direct the sale of, 5% or more of a class of your voting securities. For purposes of this Schedule, a person beneficially owns any securities: (i) owned by his/her child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, sharing the same residence; or (ii) that he/she has the right to acquire, within 60 days, through the exercise of any option, warrant, or right to purchase the security. (c) if you are organized as a partnership, all general partners and those limited and special partners that have the right to receive upon dissolution, or have contributed, 5% or more of your capital;
(d) in the case of a trust that directly owns 5% or more of a class of your voting securities, or that has the right to receive upon dissolution, or has contributed, 5% or more of your capital, the trust and each trustee; and
(e) if you are organized as a limited liability company ("LLC"), (i) those members that have the right to receive upon dissolution, or have contributed, 5% or more of your capital, and (ii) if managed by elected managers, all elected managers.

3. Do you have any indirect owners to be reported on Schedule B? Yes No

4. In the DE/FE/I column below, enter "DE" if the owner is a domestic entity, "FE" if the owner is an entity incorporated or domiciled in a foreign country, or "I" if the owner or executive officer is an individual.

5. Complete the Title or Status column by entering board/management titles; status as partner, trustee, sole proprietor, elected manager, shareholder, or member; and for shareholders or members, the class of securities owned (if more than one is issued).

6. Ownership codes are: NA - less than 5% B - 10% but less than 25% D - 50% but less than 75% A - 5% but less than 10% C - 25% but less than 50% E - 75% or more

7. (a) In the Control Person column, enter "Yes" if the person has control as defined in the Glossary of Terms to Form ADV, and enter "No" if the person does not have control. Note that under this definition, most executive officers and all 25% owners, general partners, elected managers, and trustees are control persons. (b) In the PR column, enter "PR" if the owner is a public reporting company under Sections 12 or 15(d) of the Exchange Act. (c) Complete each column.

FULL LEGAL NAME (Individuals: Last
Name, First Name, Middle Name)
DE/FE/I Title or Status Date Title or Status
Acquired MM/YYYY
Ownership
Code
Control
Person
PR CRD No. If None: S.S. No. and Date
of Birth, IRS Tax No. or Employer ID
No.

MEEDER, ROBERT, SHERMAN (JR) I CHIEF EXECUTIVE

OFFICER
11/2013 NA Y N 2867295

MEEDER INVESTMENT MANAGEMENT,
INC.

DE PARENT

CORPORATION
11/2013 E Y N 31-1188077

MCCABE, TIMOTHY, NEIL I CHIEF LEGAL

OFFICER
09/2015 NA N N 5960808

NESS, ADAM, SCOTT I CHIEF OPERATING

OFFICER
10/2017 NA Y N 3083419

HEADINGS, JASON, DALE I SENIOR VICE

PRESIDENT
01/2015 NA Y N 4815749

KIPP, BRANDON, RAYMOND I CHIEF COMPLIANCE

OFFICER
01/2024 NA N N 6319686

AZOFF, JONATHAN, HARRY I SENIOR VICE

PRESIDENT
07/2023 NA Y N 7894781

BOWERSOX, MATTHEW, CHRISTIAN I CHIEF FINANCIAL

OFFICER
11/2024 NA Y N 8021107
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Schedule B
Indirect Owners

1. Complete Schedule B only if you are submitting an initial application or report. Schedule B asks for information about your indirect owners; you must first complete Schedule A, which asks for information about your direct owners. Use Schedule C to amend this information.

2. Indirect Owners. With respect to each owner listed on Schedule A (except individual owners), list below:
(a) in the case of an owner that is a corporation, each of its shareholders that beneficially owns, has the right to vote, or has the power to sell or direct the sale of, 25% or more of a class of a voting security of that corporation; For purposes of this Schedule, a person beneficially owns any securities: (i) owned by his/her child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, sharing the same residence; or (ii) that he/she has the right to acquire, within 60 days, through the exercise of any option, warrant, or right to purchase the security. (b) in the case of an owner that is a partnership, all general partners and those limited and special partners that have the right to receive upon dissolution, or have contributed, 25% or more of the partnership's capital;
(c) in the case of an owner that is a trust, the trust and each trustee; and (d) in the case of an owner that is a limited liability company ("LLC"), (i) those members that have the right to receive upon dissolution, or have contributed, 25% or more of the LLC's capital, and (ii) if managed by elected managers, all elected managers.

3. Continue up the chain of ownership listing all 25% owners at each level. Once a public reporting company (a company subject to Sections 12 or 15(d) of the Exchange Act) is reached, no further ownership information need be given.

4. In the DE/FE/I column below, enter "DE" if the owner is a domestic entity, "FE" if the owner is an entity incorporated or domiciled in a foreign country, or "I" if the owner is an individual.

5. Complete the Status column by entering the owner's status as partner, trustee, elected manager, shareholder, or member; and for shareholders or members, the class of securities owned (if more than one is issued).

6. Ownership codes are: C - 25% but less than 50% E - 75% or more D - 50% but less than 75% F - Other (general partner, trustee, or elected manager)

7. (a) In the Control Person column, enter "Yes" if the person has control as defined in the Glossary of Terms to Form ADV, and enter "No" if the person does not have control. Note that under this definition, most executive officers and all 25% owners, general partners, elected managers, and trustees are control persons. (b) In the PR column, enter "PR" if the owner is a public reporting company under Sections 12 or 15(d) of the Exchange Act. (c) Complete each column.

FULL LEGAL NAME
(Individuals: Last Name, First
Name, Middle Name)
DE/FE/I Entity in Which Interest is
Owned
Status Date Status
Acquired

MM/YYYY
Ownership
Code
Control
Person
PR CRD No. If None: S.S. No.
and Date of Birth, IRS Tax
No. or Employer ID No.

ROBERT S. MEEDER, JR.

RESTATED TRUST, U/T/A DATED
MAY 22, 2018, AS AMENDED

DE MEEDER INVESTMENT
MANAGEMENT, INC.

TRUST 05/1993 E Y N 39-6866482
MEEDER, ROBERT, SHERMAN (JR) I ROBERT S. MEEDER, JR.

RESTATED TRUST, U/T/A DATED
MAY 22, 2018, AS AMENDED
TRUSTEE 05/1993 E Y N 2867295
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Schedule D - Miscellaneous
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Schedule R
No Information Filed
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DRP Pages

CRIMINAL DISCLOSURE REPORTING PAGE (ADV)
No Information Filed

REGULATORY ACTION DISCLOSURE REPORTING PAGE (ADV)
No Information Filed

CIVIL JUDICIAL ACTION DISCLOSURE REPORTING PAGE (ADV)
No Information Filed
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Part 2
Exemption from brochure delivery requirements for SEC-registered advisers SEC rules exempt SEC-registered advisers from delivering a firm brochure to some kinds of clients. If these exemptions excuse you from delivering a brochure to all of your advisory clients, you do not have to prepare a brochure.

Yes No
Are you exempt from delivering a brochure to all of your clients under these rules? If no, complete the ADV Part 2 filing below.

Amend, retire or file new brochures:

Brochure ID Brochure Name Brochure Type(s)
412009 MEEDER PUBLIC FUNDS, INC. - 2025

BROCHURE
Government/municipal, Private funds or pools
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Part 3
CRS Type(s) Affiliate Info Retire
There are no CRS filings to display.
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Execution Pages

DOMESTIC INVESTMENT ADVISER EXECUTION PAGE
You must complete the following Execution Page to Form ADV. This execution page must be signed and attached to your initial submission of Form ADV to the SEC and all amendments.

Appointment of Agent for Service of Process
By signing this Form ADV Execution Page, you, the undersigned adviser, irrevocably appoint the Secretary of State or other legally designated officer, of the state in which you maintain your principal office and place of business and any other state in which you are submitting a notice filing, as your agents to receive service, and agree that such persons may accept service on your behalf, of any notice, subpoena, summons, order instituting proceedings, demand for arbitration, or other process or papers, and you further agree that such service may be made by registered or certified mail, in any federal or state action, administrative proceeding or arbitration brought against you in any place subject to the jurisdiction of the United States, if the action, proceeding, or arbitration (a) arises out of any activity in connection with your investment advisory business that is subject to the jurisdiction of the United States, and (b) is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these acts, or (ii) the laws of the state in which you maintain your principal office and place of business or of any state in which you are submitting a notice filing.

Signature
I, the undersigned, sign this Form ADV on behalf of, and with the authority of, the investment adviser. The investment adviser and I both certify, under penalty of perjury under the laws of the United States of America, that the information and statements made in this ADV, including exhibits and any other information submitted, are true and correct, and that I am signing this Form ADV Execution Page as a free and voluntary act.

I certify that the adviser's books and records will be preserved and available for inspection as required by law. Finally, I authorize any person having custody or possession of these books and records to make them available to federal and state regulatory representatives.

Signature:

BRANDON KIPP
Date: MM/DD/YYYY
02/20/2026
Printed Name:

BRANDON KIPP
Title:

CHIEF COMPLIANCE OFFICER
Adviser CRD Number:
106816

NON-RESIDENT INVESTMENT ADVISER EXECUTION PAGE
You must complete the following Execution Page to Form ADV. This execution page must be signed and attached to your initial submission of Form ADV to the SEC and all amendments.

1. Appointment of Agent for Service of Process
By signing this Form ADV Execution Page, you, the undersigned adviser, irrevocably appoint each of the Secretary of the SEC, and the Secretary of State or other legally designated officer, of any other state in which you are submitting a notice filing, as your agents to receive service, and agree that such persons may accept service on your behalf, of any notice, subpoena, summons, order instituting proceedings, demand for arbitration, or other process or papers, and you further agree that such service may be made by registered or certified mail, in any federal or state action, administrative proceeding or arbitration brought against you in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with your investment advisory business that is subject to the jurisdiction of the United States, and (b) is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these acts, or (ii) the laws of any state in which you are submitting a notice filing.

2. Appointment and Consent: Effect on Partnerships
If you are organized as a partnership, this irrevocable power of attorney and consent to service of process will continue in effect if any partner withdraws from or is admitted to the partnership, provided that the admission or withdrawal does not create a new partnership. If the partnership dissolves, this irrevocable power of attorney and consent shall be in effect for any action brought against you or any of your former partners.

3. Non-Resident Investment Adviser Undertaking Regarding Books and Records By signing this Form ADV, you also agree to provide, at your own expense, to the U.S. Securities and Exchange Commission at its principal office in Washington D.C., at any Regional or District Office of the Commission, or at any one of its offices in the United States, as specified by the Commission, correct, current, and complete copies of any or all records that you are required to maintain under Rule 204-2 under the Investment Advisers Act of 1940. This undertaking shall be binding upon you, your heirs, successors and assigns, and any person subject to your written irrevocable consents or powers of attorney or any of your general partners and managing agents.

Signature
I, the undersigned, sign this Form ADV on behalf of, and with the authority of, the non-resident investment adviser. The investment adviser and I both certify, under penalty of perjury under the laws of the United States of America, that the information and statements made in this ADV, including exhibits and any other information submitted, are true and correct, and that I am signing this Form ADV Execution Page as a free and voluntary act.

I certify that the adviser's books and records will be preserved and available for inspection as required by law. Finally, I authorize any person having custody or possession of these books and records to make them available to federal and state regulatory representatives.

Signature: Date: MM/DD/YYYY
Printed Name: Title:
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© 2026 FINRA. All rights reserved. FINRA is a registered trademark of the Financial Industry Regulatory Authority, Inc. Privacy Legal Terms & Conditions Tw Lin Adviser CRD Number:
106816
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MEEDER PUBLIC FUNDS, INC. | APRIL 2, 2026 PAGE 1
Meeder Public Funds, Inc.

ADVISORY SERVICES BROCHURE
FORM ADV PART 2A
6125 Memorial Drive
Dublin, Ohio 43017
(800) 325-3539
www.meederinvestment.com
April 2, 2026
This brochure provides information about the qualifications and business practices of Meeder Public Funds, Inc. If you have any questions about the contents of this brochure, please contact us at the telephone number listed above. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission (“SEC”) or by any state securities authority. Meeder Public Funds, Inc. is registered with the SEC as an investment adviser; however, registration does not imply any level of skill or training.

Additional information about Meeder Public Funds, Inc. is also available on the SEC’s website at www.adviserinfo.sec.gov.

MEEDER PUBLIC FUNDS, INC. | APRIL 2, 2026 PAGE 2
ITEM 2 – MATERIAL CHANGES
This brochure is updated annually and whenever any information in the brochure becomes materially inaccurate. Annually the adviser provides clients with a copy of the updated brochure or a summary of material changes made since the last annual update. This section describes material updates and changes made to this ADV disclosure brochure since the last annual amendment dated February 20, 2026.
• Item 4 – Advisory Business. This section was updated to include services provided to Private Funds.
• Item 14 – Client Referrals and Other Compensation. This section was updated to include disclosure of a shareholder servicing arrangement for money market funds made available to Clients outside their investment advisory accounts.

MEEDER PUBLIC FUNDS, INC. | APRIL 2, 2026 PAGE 3
ITEM 3 – TABLE OF CONTENTS
ITEM 1 - COVER PAGE………………. ....................................................................................................................................... 1 ITEM 2 – MATERIAL CHANGES........................................................................................................................................ 2 ITEM 3 – TABLE OF CONTENTS ..................................................................................................................................... 3 ITEM 4 – ADVISORY BUSINESS ....................................................................................................................................... 4 ITEM 5 – FEES AND COMPENSATION ......................................................................................................................... 5 ITEM 6 – PERFORMANCE-BASED FEES AND SIDE-BY-SIDE MANAGEMENT ..................................... 6 ITEM 7 – TYPES OF CLIENTS ............................................................................................................................................ 6 ITEM 8 – METHODS OF ANALYSIS, INVESTMENT STRATEGIES AND RISK OF LOSS ................... 6 ITEM 9 – DISCIPLINARY INFORMATION ..................................................................................................................... 8 ITEM 10 – OTHER FINANCIAL INDUSTRY ACTIVITIES AND AFFILIATIONS ........................................... 8 ITEM 11 – CODE OF ETHICS, PARTICIPATION OR INTEREST IN CLIENT TRANSACTIONS AND PERSONAL TRADING ............................................................................................................................................................ 9 ITEM 12 – BROKERAGE PRACTICES ............................................................................................................................ 9 ITEM 13 – REVIEW OF ACCOUNTS .............................................................................................................................. 10 ITEM 14 – CLIENT REFERRALS AND OTHER COMPENSATION ................................................................... 11 ITEM 15 – CUSTODY ............................................................................................................................................................... 11 ITEM 16 – INVESTMENT DISCRETION ........................................................................................................................ 12 ITEM 17 – VOTING CLIENT SECURITIES .................................................................................................................... 12 ITEM 18 – FINANCIAL INFORMATION .......................................................................................................................... 12

MEEDER PUBLIC FUNDS, INC. | APRIL 2, 2026 PAGE 4
ITEM 4 – ADVISORY BUSINESS
Meeder Investment Management, Inc. (“MIM”)
offers a complete range of equity, fixed income
and cash management investment solutions
through its wholly owned SEC registered
investment advisers: Meeder Public Funds, Inc.
(“MPF”), Meeder Asset Management, Inc.
(“MAM”), and Meeder Advisory Services, Inc.
(“MAS”). MIM’s principal owner is Robert Meeder,
Jr. All affiliates of MIM are located at 6125
Memorial Drive, Dublin, Ohio 43017 and share
employees.

MPF provides professional investment advisory
and administrative services to state and local
public funds managers and other institutional
entities utilizing a variety of fixed income portfolio
solutions. MPF was established in 1990 and
changed its name to Meeder Public Funds, Inc. in
2015.

As of December 31, 2025, MPF’s regulatory
assets under management were
$64,127,328,398, of which $49,023,839,610 was
managed on a discretionary basis and
$15,103,488,788 was managed on a nondiscretionary basis.

Investment Advisory Services
MPF provides a variety of investment advisory
services to state and local governments,
including counties, cities, school districts,
villages, townships, universities, special districts,
libraries, state agencies and local government
investment pools; as well as other institutional
entities (“Clients”). Investment advisory services
not only include management of assets on a
discretionary or non-discretionary basis but may
also include assets as to which MPF provides
strategic advice or consultation but does not
have the authority to effectuate trades.

SEPARATELY MANAGED ACCOUNTS
MPF provides separately managed account
services to Clients on a discretionary or nondiscretionary basis. MPF provides Clients with investment advice regarding the purchase or sale
of fixed income securities, including U.S.

Government securities, agencies, commercial
paper, banker’s acceptances, corporate bonds,
municipal debt, and money market funds. MPF
may also recommend a local government
investment pool or other bank deposit programs
or products for a Clients cash management
needs.

MPF also provides investment advice to Clients
with multi-asset class mandates regarding the
purchase or sale of common stocks, mutual
funds or exchange-traded funds (the “Equity
Allocation”). MPF, through the use of an affiliated
sub-adviser, MAS, constructs and manages
Equity Allocation sleeves for clients with a multiasset class mandate.

MPF tailors its services to its Clients, utilizing
investments permissible under the applicable
state investment code and the Public Client’s
investment policy. At the outset of each
relationship, MPF will evaluate the Public Client’s
needs, objectives and the terms of any existing
investment policy statement. MPF will develop a
portfolio around the Public Client’s objectives,
investment policy, and the terms of the applicable
state investment code. Subject to MPF approval,
Clients may impose reasonable restrictions on
the types or quantities of securities held in a
Clients account.

CONSULTING SERVICES
MPF offers non-discretionary consulting
services to Clients, including provision of general
portfolio management assistance; investment
research and credit analysis; evaluation of
existing investment portfolios and performance;
review of cash management procedures; cash
flow analysis and allocation advice; development
of internal controls and procedures; review and
revision of investment policy statements;
assessment of existing banking, brokerage or
custodial relationships; development of requests
for proposals for new banking, brokerage or
custodial relationships; and educational
programs designed to meet instructional
requirements under state law. Consulting
services are sometimes offered along with
separately managed account services but may
be offered separately. Each consulting
relationship is designed around the needs of the
consulting client. MPF may not receive
compensation for advice provided in connection
with consulting services or may receive
compensation in connection with other assets
managed by MPF.

MEEDER PUBLIC FUNDS, INC. | APRIL 2, 2026 PAGE 5

LOCAL GOVERNMENT INVESTMENT POOLS
MPF provides discretionary and nondiscretionary investment advisory services to Local Government Investment Pools (“LGIP”)
available to counties, cities, school districts and
other government entities. These investment
vehicles combine funds contributed by
participating entities and invest in securities
permitted under the applicable state investment
code and the written guidelines for each LGIP.

Each LGIP is overseen by an authorized
governing board or state treasurer. MPF or its
affiliates may also provide other services to LGIP
clients, including administrative, marketing,
transfer agency and fund accounting services.

MPF currently provides services to the following
LGIPs: State Treasury Asset Reserve of Ohio
(STAR Ohio); Illinois Metropolitan Investment
Fund (IMET); Texas Connect; Nevada Local
Government Pooled Investment Fund; and Idaho
Local Government Investment Pool.

PRIVATE FUNDS
MPF provides discretionary investment advisory
services to private funds which are pooled
investment vehicles offered to “accredited
investors” as defined in Rule 501(a) of Regulation
D promulgated under the Securities Act of 1933,
as amended, and "qualified purchasers" as
defined under Section 2(a)(51) of the Investment
Company Act of 1940 as amended.

ITEM 5 – FEES AND COMPENSATION
The fees charged by MPF for its advisory
services are typically based on a percentage of
eligible assets under management. Fees are
negotiable and may vary depending on a variety
of factors, including the types of investments
permitted, the size of the portfolio, the
relationship with the client, and specific service
requirements for a given account.

Standard Fee Schedule
Separately managed accounts may be charged
an annual asset-based fee of up to 20 basis
points (0.20%). The fee rate may be substantially
lower and is negotiable depending on various
factors, including the type and size of the
account, services offered, and relationship to
other accounts. For some clients, MPF also
offers advisory services on a flat fee
arrangement. Asset-based advisory fees may be
subject to an annual minimum fee prorated based
on billing cycle and payable for each billing period
in which assets do not meet the stated minimum,
inclusive of any fee discounts and credits.

Consulting and educational services may be
provided under asset based, hourly or flat fee
arrangements that vary depending upon the
scope of the engagement.

Typically, advisory fees are calculated and billed
monthly in arrears based on the value of the
eligible assets at the end of the billing period,
including cash held for investment and accrued
interest, but the method of payment is subject to
negotiation and quarterly billing arrangements
are available. Eligible account assets are priced
by MPF at fair market value using customary
methods, which include reliance on prices
provided by third parties. MPF does not require
its clients to pay fees in advance and accounts
initiated or terminated during a billing period will
be charged a prorated fee. Clients may authorize
their custodian to directly debit the fee from
assets held in the custodial account or elect to
be billed by invoice. Where an affiliated subadviser is engaged to manage an Equity Allocation, MPF will charge an agreed assetbased fee for this portion of the account and clients will incur no additional fees for the
services of the sub-adviser.

The fees charged by MPF for investment
advisory services to LGIPs and private funds are
typically based on a percentage of assets under
management. Fees are negotiable and vary
depending on a variety of factors, including the
type of LGIP or private fund and the nature of the
services being offered.

Other Fees and Expenses
Clients may pay other expenses in addition to the
fees paid to MPF, including brokerage
commissions, transaction fees, custodial fees,
transfer taxes, wire transfer fees, and other fees
and taxes charged to brokerage accounts and
securities transactions. Money market funds,
bank deposit programs and local government
investment pools also charge internal
management fees which are disclosed in a fund’s
prospectus or publicly available documentation
and financial reports. Item 12 of this brochure

MEEDER PUBLIC FUNDS, INC. | APRIL 2, 2026 PAGE 6
provides additional information about MPF’s
brokerage practices.

Additional Information and Fees and
Compensation

REPRESENTATIVE COMPENSATION
MPF representatives typically earn a salary and
may receive a year-end bonus dependent on a
series of factors including firm revenue,
profitability and each individual’s achievement.

Some MPF representatives also earn a portion of
the advisory fee paid to MPF for the services
offered in the account. Compensation varies
depending on the program, the representative’s
overall revenue and any discounts offered. Our
investment advisory representatives are paid on
the same schedule regardless of the product
offered and have no financial incentive to
recommend one product over another.

OTHER COMPENSATION
Some investment adviser representatives of MPF
are also registered representatives of an
affiliated brokerage firm, Meeder Distribution
Services, Inc. (“MDS”). MPF does not direct
brokerage order flow to MDS and its
representatives do not receive commissions on
the sale of securities purchased in advisory
accounts. However, dually registered investment
adviser representatives are eligible to receive
compensation for the sale of securities, including
commissions, distribution or service fees from
the sale of securities outside advisory accounts,
when acting in the capacity of registered
representatives of MDS. The practice of
accepting commissions for the sale of securities
presents a conflict of interest that may give the
representative an incentive to recommend
investment products based on the compensation
received.

ITEM 6 – PERFORMANCE-BASED FEES AND

SIDE-BY-SIDE MANAGEMENT
MPF does not charge performance-based fees.

ITEM 7 – TYPES OF CLIENTS
MPF offers discretionary and non-discretionary
fixed income and multi-asset investment advisory
services to Clients, including counties, cities,
school districts, villages, townships, universities,
special districts, libraries, state agencies; as well
as other institutional entities. MPF also provides
discretionary and non-discretionary investment
advisory services to local government investment
pools and private funds.

There are no minimum investment amounts
required for establishing a separately managed
account or private fund account. Each local
government investment pools may establish their
own account minimums.

ITEM 8 – METHODS OF ANALYSIS,

INVESTMENT STRATEGIES AND RISK OF
LOSS
As an institutional fixed income manager, MPF’s
primary investment objectives are to provide
safety of principal and liquidity appropriate to
each Public Client’s cash flow needs while
maximizing yield. MPF tailors its advice to each
Public Client, utilizing all investments permissible
under the applicable state investment code and
the Public Client’s investment policy. Where
applicable, MPF utilizes a sub-adviser to provide
Equity Allocations for Clients that permit equity
strategies within their investment policy.

Methods of Analysis and Investment
Strategies
MPF uses a combination of quantitative and
qualitative methods of analysis to develop
investment strategies for its Clients. Each
recommended portfolio strategy includes
duration and asset allocation targets for
securities in the portfolio. Portfolios are
constructed and positioned to enhance
performance through duration management as
deemed appropriate for the anticipated interest
rate environment.

MPF utilizes proprietary models designed to
evaluate the direction of intermediate-term
interest rates and select an overall duration
target for a Public Client’s portfolio. Short-term
interest rate models are also utilized to structure
purchases within the portfolios, helping to
identify opportunities within the marketplace to
maximize interest income for our clients.

Within each available asset class, MPF relies on
a disciplined qualitative approach to select fixed

MEEDER PUBLIC FUNDS, INC. | APRIL 2, 2026 PAGE 7
income securities for Public Client portfolios.

Considering credit risk and other fundamental
factors, MPF selects securities and issuers
expected to optimize return potential within the
applicable investment guidelines and restrictions.

For multi-asset class allocation portfolios, MPF,
through a sub-adviser, will additionally allocate
assets across mutual funds, ETFs and common
stocks. The sub-adviser designs and implements
an asset allocation strategy for the Public Client
and allocates assets across equity investments
in accordance with its quantitative investment
analysis which evaluates securities by analyzing
large amounts of data through the use on
quantitative models.

MPF regularly reviews and analyzes portfolio
allocation and securities selection for its clients
in light of current market conditions. When
making changes to portfolios, MPF considers the
impact on cash flows, average duration of the
portfolio, and the portfolio’s investment return
over time. MPF monitors its portfolios for
portfolio risk and makes changes where
equivalent earnings can be obtained with less
risk.

Summary of Material Risks
Investing in securities involves risk of loss.

Although MPF manages assets in a manner
consistent with its Clients’ stated risk tolerance,
portfolios may not produce the expected returns,
may lose value, or may underperform other
portfolios with similar investment objectives.

Material risks associated with investing in fixed
income securities include:

Asset Allocation Risk. Some strategies may rely
upon allocation of assets among different asset
classes to achieve their investment objectives
through diversification. If asset classes perform
differently than expected, the portfolio or
account may perform worse than a nondiversified portfolio or account.

Call Risk. Some fixed income securities are
subject to the risk that an issuer will exercise a
right to redeem the security earlier than
expected, often in response to declining interest
rates or improvements in issuer credit quality. If
an issuer calls a security held by a client, the
client may not recoup the full amount of the initial
investment or realize the anticipated earnings
from the investment, resulting in reinvestment in
lower-yielding securities.

Credit Risk. Corporate debt and other fixed
income securities are subject to the risk that the
issuer will be unable to meet principal and
interest payments on the obligation. A decline in
the credit quality of a fixed income investment,
held directly or inside a fund or investment pool,
could cause a loss in value. When interest rates
rise, the value of corporate debt securities
typically declines. Changes in interest rates,
economic conditions and default expectations
can impact the value of fixed income securities.

Cybersecurity Risk. Cybersecurity breaches
may allow an unauthorized party to gain access
to MPF’s proprietary information or customer
data or cause MPF or its service providers to
suffer data corruption or lose operational
functionality. Although MPF has established
cybersecurity and data protection protocols,
there is no guarantee that these efforts will
succeed or that a third-party service provider or
issuer will not suffer a cybersecurity breach and
related loss.

Exchange Traded Funds Risk. Strategies may
utilize exchange traded funds (“ETF”), which may
not be able to exactly replicate the performance
of the indices they track. An ETF may trade at a
discount or premium to its net asset value.

Government, Political and Regulatory Risk.

Legislative and regulatory action by the U.S., the
Federal Reserve and other governments can
impair the value of securities held in an account
or the ability of MPF to carry out a strategy.

Income Risk. Some strategies are designed to
generate yield or income on securities held in the
portfolio, which may be generated from income
or principal growth. Changes in interest rates,
dividend policies, or economic conditions could
make it difficult for a portfolio to generate a
predictable level of income and expose the
portfolio to principal risk in the event available
yields are inadequate to meet income objectives.

Interest Rate Risk. Fixed income securities will
increase or decrease in value based on changes
in interest rates. If rates increase, the value of
fixed income investments will generally decline.

On the other hand, if rates fall, the value of the
fixed income investments generally increases.

The market value of debt securities (including
U.S. Government securities) with longer

MEEDER PUBLIC FUNDS, INC. | APRIL 2, 2026 PAGE 8
maturities is likely to respond to changes in
interest rates to a greater degree than the
market value of fixed income securities with
shorter maturities.

Investment Company Risk. Some portfolios are
comprised of mutual funds and the value of the
portfolio will fluctuate in response to the
performance of the underlying fund. Mutual
funds also generate taxable capital gains
distributions to a greater extent than would be
the case for a direct investment in equities held
by the fund.

Liquidity Risk. The liquidity of fixed income
securities can be dependent upon the level of
demand for the security, the willingness and
ability of intermediaries to make a market for the
security, and the level of interest from other
investors to purchase the security. In times of
economic and market stress, MPF may not be
able to sell securities at a time and price that is
most favorable to the client. In addition, bank
certificates of deposit are non-negotiable and
principal loss may occur if a client elects to sell
the certificate before it matures.

Market Risk. The value of securities held in an
account may decline due to general market
conditions or other factors, including those
directly involving the issuers of such securities.

Securities markets may decline significantly in
response to adverse issuer, regulatory, political,
or economic developments. Unexpected local,
regional or global events and their aftermath,
such as war; acts of terrorism; financial, political
or social disruptions; natural, environmental or
man-made disasters; epidemics, pandemics and
other public health crises; recessions and
depressions; or other tragedies, catastrophes
and events could have a significant impact on
investments held in accounts or portfolios.

Quantitative Analysis Risk. MPF relies on
quantitative data supplied by third parties to
evaluate investments and construct optimal
portfolios. In the event this data is inaccurate or
incomplete, investment decisions may be
compromised. If future market environments do
not reflect the assumptions made in our
quantitative models, quantitative investment
strategies may not be successful.

ITEM 9 – DISCIPLINARY INFORMATION
We are required to disclose all material facts
regarding any legal or disciplinary events that
would be material to your evaluation of us or the
integrity of our management. MPF has no
reportable disclosures.

ITEM 10 – OTHER FINANCIAL INDUSTRY

ACTIVITIES AND AFFILIATIONS
MPF is a wholly owned subsidiary of MIM. Other
wholly owned subsidiaries of MIM include MAM,
MAS, Meeder Distribution Services, Inc. (“MDS”)
and Mutual Funds Service Company (“MFSCo”).

MPF, MAM and MAS share facilities, resources
and employees performing investment advisory
functions. In some cases, these affiliate
arrangements create a potential conflict of
interest between MPF and the client. These
conflicts of interest are discussed in more detail
in Item 11 – Code of Ethics, Participation or
Interest in Client Transactions and Personal
Trading.

MAM is a registered investment adviser that
serves as the investment adviser for the Meeder
Funds.

MAS is a registered investment adviser that
offers investment strategist and portfolio
management services to independent brokerdealers, investment advisers, and other financial intermediaries. . For MPF clients with multi-asset
class portfolios, MAS serves as a sub-adviser for
the Equity Allocation of these accounts. In
addition, MAS provides investment management
services to retirement plans and their
participants.

MDS is a limited purpose broker-dealer and
FINRA member firm which serves as the principal
distributor of the Meeder Funds and Texas
Connect. MDS does not hold client accounts or
execute trades for MIM affiliates.

MFSCo provides shareholder, transfer agent and
dividend distribution services for the Meeder
Funds and local government investment pools.

Acting as the administrator for Meeder Funds,
MFSCo also enters into selling agreements with
unaffiliated broker-dealers and financial
intermediaries to distribute and provide other
services in connection with the sale of fund
shares.

MEEDER PUBLIC FUNDS, INC. | APRIL 2, 2026 PAGE 9
ITEM 11 – CODE OF ETHICS, PARTICIPATION

OR INTEREST IN CLIENT TRANSACTIONS

AND PERSONAL TRADING
Code of Ethics
MPF has adopted a Code of Ethics that complies
with Rule 17j-1 of the Investment Company Act of
1940 and Rule 204A-1 of the Investment Advisers
Act of 1940. The Code sets forth fiduciary
standards that govern the conduct of directors,
officers and employees who have access to
client information. The Code incorporates MPF’s
outside employment, political contribution, and
gift policies. Personnel subject to the Code must
acknowledge their compliance with the Code and
applicable securities laws and report any
violations of the Code with which they become
aware to MPF’s Chief Compliance Officer. A
copy of the Code is available to prospective and
current clients upon request.

Personal Trading Policies
Directors, officers and employees of MPF and its
affiliates may take positions in securities owned
by MPF’s clients, which may pose a potential
conflict of interest. MPF has implemented
policies designed to detect and mitigate such
conflicts of interest, including prohibitions on
unacceptable trading activities, such as front
running, short-swing trading and insider trading.

Directors, officers and employees who
recommend securities or have access to nonpublic information are prohibited from trading materially in reportable securities recommended
to clients in close proximity to the client’s
transaction.

Employees who have access to this information
must also make periodic reports of their
securities accounts and transactions in
reportable securities.

Participation or Interest in Client Transactions
Where appropriate, MPF may recommend the
use of local government investment pools to its
Clients for cash management purposes. Assets
placed in a local government investment pool in
which MPF or one of its affiliates earns advisory
or administration fees are not included among
eligible assets when calculating the advisory fee
charged by MPF. Because MPF or its affiliates
receive fees in connection with programs we
sponsor or recommend, use of these programs
presents a conflict of interest. MPF fully
discloses this relationship and the terms and
conditions of each program to its Clients before
recommending a local government investment
pool to which it provides services. MPF will not
exercise discretion to select a local government
investment pool for a Public Client account.

Where available, MPF may recommend the use of
the Meeder Government Money Market Fund
(“Fund”) for sweep or cash management
purposes to its Clients. Affiliates of MPF provide
investment advisory, administration, distribution
and transfer agency services to the Meeder
Funds. Because MPF’s affiliates earn advisory,
transfer agency and administration fees for
management of the Fund, recommendation of
the Fund presents a conflict of interest. MPF fully
discloses this relationship to its Clients before
recommending the Fund. The Fund’s prospectus
contains additional information about the Fund,
including investment policies, fees and other
information. The Fund may not be the lowest fee
sweep vehicle option available. MPF will not
exercise discretion to select a sweep vehicle for
a Public Client and clients may select any
available fund for sweep purposes.

ITEM 12 – BROKERAGE PRACTICES
Selection of Broker-Dealers for Client
Transactions
MPF trades with a list of local and nationally
recognized broker-dealers that have been
selected by MPF based on their reputation,
competitive pricing, and trade execution. MPF’s
goal when selecting a particular broker or dealer
is to obtain the best price and trade execution for
our Clients. When selecting broker-dealers, MPF
does not consider whether MPF or an affiliate
receives Public Client referrals from the brokerdealer.

Clients may direct MPF to execute transactions
through specific broker-dealers selected by the
Public Client. When selecting this option, the
Public Client may forgo any benefits from savings
on execution costs that MPF may obtain for its
other clients through volume discounts on
aggregated orders and may pay higher
commission rates than other clients of MPF.

MEEDER PUBLIC FUNDS, INC. | APRIL 2, 2026 PAGE 10
Directed Brokerage and Soft Dollar
Arrangements
MPF does not engage in directed brokerage or
soft dollar arrangements, including markups or
markdowns in order to obtain research or any
other product or service from any broker-dealer.

Trade Aggregation
MPF may elect to aggregate contemporaneous
trades for the purchase or sale of securities
across multiple client accounts. Aggregation of
trades enables MPF to obtain more efficient
execution and better pricing than would
otherwise be available if orders were not
aggregated. Where the amount of securities
available at a particular price and time does not
satisfy the needs of all clients participating in the
transaction, MPF will follow its trade allocation
policy, which is designed to ensure that securities
allocations are made in a fair and equitable
manner.

When aggregating trades, MPF typically informs
the broker-dealer or custodian of the specific par
amounts purchased for each client and directs
the broker-dealer or custodian to deliver the
specific par amounts to the clients to their
respective custodial accounts versus payment.

Each client participating in the aggregated
transaction receives the same price and
participation in such trade on a pro-rata basis.

When allocating trades, MPF may increase or
decrease the amount of securities allocated to a
client if necessary to take investment restrictions
into account, avoid undesirable position size, or
satisfy other client preferences.

Trades in substantially similar investment
opportunities may not be aggregated and may be
allocated non-proportionally to client accounts
based on a series of suitability and other factors,
including investment objectives, client specific
investment guidelines, cash or liquidity needs,
minimum and maximum position sizes and the
availability of similar investment opportunities.

Individual portfolio managers exercise discretion
to trade accounts and strategies at different
times and the order of trading is determined by
several factors including client needs, market
conditions, and the terms and quantity of
available investment opportunities.

Trade Error Policy
MPF has established a trade error policy to
address instances in which MPF makes an error
when ordering, executing or settling securities
transactions for a client account. In the event a
trading error is caused by the action or inaction
of MPF, MPF will correct the error so that the
client is returned to the same economic position
it would have been in had the error not occurred.

If the error or trading delay was caused by a
third-party broker-dealer, custodian or adviser,
MPF may in its discretion reimburse the client in
whole or in part for the loss but is not required to
do so.

MPF will reimburse clients for losses resulting
from an MPF error in the client’s account. If an
erroneous trade settles in a client account and
results in a gain, the client will retain the resulting gain unless the client elects to decline it. When
calculating trading losses, MPF does not net
gains and losses between clients or between
investments in an affected account except in
connection with corrections approved by the
client.

MPF may establish error accounts with certain
brokers for the sole purpose of correcting trade
errors. Any securities acquired by such an
account for purposes of correcting a trade error
are promptly disposed of. MPF does not maintain
an error account balance or utilize brokerage
commissions or other client funds to correct or
resolve trade errors. All trade errors and related
calculations are documented and reported to the
Compliance department.

ITEM 13 – REVIEW OF ACCOUNTS
MPF generally performs a daily review of
transactions in Public Client accounts and
portfolios are generally reviewed at least
monthly. In addition, Public Client portfolio
reviews may be conducted in response to
changes in market conditions or changes to
client situations. Generally, the assigned portfolio
manager performs account reviews in
coordination with the portfolio management
team.

On a monthly or quarterly basis depending on
client needs, MPF generally provides Clients with
written periodic investment reports summarizing
holdings information. In addition, MPF may

MEEDER PUBLIC FUNDS, INC. | APRIL 2, 2026 PAGE 11
provide additional forms of reporting to Clients
as agreed by MPF and the client. Clients also
receive a summary statement from their qualified
custodian or safekeeping agent at least
quarterly.

ITEM 14 – CLIENT REFERRALS AND OTHER

COMPENSATION
MPF may pay referral fees, known as promoter
payments, to unaffiliated third-party brokerdealers, investment advisers and other persons who refer clients to MPF or endorse our services.

Promoters are not employees or current clients
of MPF. Under these agreements, MPF or one of
its affiliated advisers pays a fee collected from
the Public Client to the referring promoter.

Annual fees payable to promoters are negotiable
and may be based on a percentage of the client
fee or the value of the client’s account. The
arrangement provides promoters with an
incentive to refer clients and secure their
participation in the program. Each promoter who
recommends or endorses our services is
required to provide the prospective client with full
disclosure of the promoter’s relationship with
MPF and the material terms of the compensation
arrangement.

MPF or its affiliates have also entered into written
agreements with unaffiliated investment advisers
whereby MPF recommends or endorses that
firm’s investment advisory services to its clients.

MPF or its affiliate receives a portion of the fees
charged by the unaffiliated investment adviser in
return for referring the account. Annual fees
payable under such arrangements are negotiable
and may be based on a percentage of the client
fee or the value of the client’s account. This
arrangement presents a conflict of interest
because it provides MPF with an incentive to
solicit and secure participation in the program.

Under each such arrangement, MPF is required
to provide prospective clients with full disclosure
of MPF’s relationship with the recommended firm
and the material terms of the compensation
arrangement.

MPF and its affiliates offer several bank deposit
programs to clients, both directly and in affiliation
with third parties. In some programs, MPF’s
affiliates receive payments from third parties for
introducing new clients or depository institutions
to the program. Our affiliates also sometimes
make payments to third parties that introduce
MPF to new clients or depository institutions.

These arrangements are described more fully in
the program materials for each such program.

These arrangements present a conflict of
interest because we earn fees from these
programs that would not be earned in unaffiliated
cash sweep programs or money market funds.

We mitigate this conflict through full disclosure of
the program terms and compensation
arrangements.

MPF provides shareholder servicing for one or
more third-party money market funds made
available to Clients outside their investment
advisory account. MPF receives ongoing
shareholder servicing fees for managing
shareholder communications, distributing
prospectuses and processing transactions in the
fund. These arrangements present a conflict of
interest because MPF has an incentive to make
these products available and to recommend the
use of these funds to its Clients.

ITEM 15 – CUSTODY
MPF will not assume physical custody of client
funds or securities. All separately managed
account client funds and securities are
maintained with a qualified custodian in a
separate account for each client under each
client’s name. For each client account, the
qualified custodian provides regular statements
to each client. In addition, MPF produces and
delivers quarterly statements to its clients as a
client service. In some cases, MPF reports will
vary from custodial statements based on
accounting, valuation or pricing variances.

Clients are encouraged to review carefully and
compare the custodial records to the account
statements provided by MPF.

In some cases, MPF is deemed to have custody
of client funds due to its ability under the client
agreement to calculate and directly debit client
accounts for investment advisory fees. In other
cases, MPF is deemed to have custody of LGIP
programs administered by our affiliate and
accounts of advisory clients that hold positions in
those programs. LGIP program investors receive
audited financial statements for the pool within
120 of the program’s fiscal year end. For
individual clients invested in such programs, MPF
has implemented policies and procedures
intended to annually verify the location of client

MEEDER PUBLIC FUNDS, INC. | APRIL 2, 2026 PAGE 12
funds and securities held for the benefit of MPF’s
clients in these programs.

ITEM 16 – INVESTMENT DISCRETION
MPF will manage Public Client assets on a
discretionary or non-discretionary basis. Under
either circumstance, MPF will observe limitations
and restrictions that are outlined in each Public
Client’s investment policy agreement or
restrictions imposed by state laws or regulations.

Investment guidelines and restrictions must be
provided to MPF in writing.

For non-discretionary Clients, MPF will make
recommendations that must be authorized by the
Public Client prior to execution of the transaction.

For discretionary Clients, securities will be
purchased and sold for the account without
obtaining prior approval for the security selected,
the quantity of securities bought or sold, or the
broker-dealer used to execute each transaction.

Authorization for discretionary management is
obtained through a signed investment
management agreement. Discretionary
management of accounts is undertaken in
accordance with the applicable state investment
code and the Public Client’s investment policy.

For clients with multi-asset class portfolios, MPF
may be granted authority by the client to select
an affiliated investment adviser, MAS, as
investment manager for the Equity Allocation of
the account subject to the client’s investment
mandate and restrictions.

ITEM 17 – VOTING CLIENT SECURITIES
MPF does not accept or have the authority to
vote Public Client securities. Clients will receive
their proxies or other solicitations directly from
their custodian or transfer agent. Clients may
contact MPF if they have questions regarding a
particular solicitation, but MPF will not be
deemed to have proxy voting authority solely as
a result of providing advice or information about
a particular proxy vote to a client.

MPF will neither advise nor act on behalf of
clients in legal proceedings involving companies
whose securities are held in a client’s account,
including the filing of “proofs of claim” in
connection with class action settlements. Clients
may elect to direct MPF to send copies of class
action notices directly to them or to a third-party.

When so directed, MPF will make commercially
reasonable efforts to forward such notices in a
timely manner.

ITEM 18 – FINANCIAL INFORMATION
MPF has no financial commitments that impair its
ability to meet contractual and fiduciary
commitments to its clients and has not been
subject to a bankruptcy proceeding.

MEEDER PUBLIC FUNDS, INC. | April 2, 2026 PAGE 1
Meeder Public Funds, Inc.

FORM ADV PART 2B BROCHURE SUPPLEMENT
April 2, 2026
6125 Memorial Drive
Dublin, Ohio 43017
(614) 766-7000
(866) 633-3371
www.meederinvestment.com
This brochure supplement provides information about the team of Advisers that provide services to your account and supplements the ADV Part 2A Brochure for the Registered Investment Adviser, Meeder Public Funds, Inc. You should have received a copy of that brochure. Please contact your Advisor or Meeder Public Funds, Inc. if you did not receive a copy of Meeder’s ADV Brochure or if you have any questions about the contents ofthis supplement.

Additional information about the Advisers in this Supplement is available on the SEC’s website at www.adviserinfo.gov.

MEEDER PUBLIC FUNDS, INC. | April 2, 2026
Investment Team
6125 Memorial Drive, Dublin, OH 43017 | (614) 766-7000 | www.meederinvestment.com PAGE 2
Jason Headings (b. 1982), Senior Vice President
Educational Background
Miami University, B.A., Finance & Marketing
Business Experience
02/2006 – Present Meeder Investment Management, Senior Vice President Professional Designations
Chartered Market Technician – CMT®
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser has no other investment-related business activities to disclose.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Bob Meeder, Chief Executive Officer
Telephone: (614) 766-7000

MEEDER PUBLIC FUNDS, INC. | April 2, 2026
Investment Team
6125 Memorial Drive, Dublin, OH 43017 | (614) 766-7000 | www.meederinvestment.com PAGE 3
Jonathan Azoff (b. 1985), Senior Vice President
Educational Background
Tulane University, B.A,. Political Economy
Emory University School of Law, J.D.

St. John’s University School of Law, L.L.M. in Bankruptcy Indiana University, M.S. in Finance
Business Experience
07/2023 – Present Meeder Investment Management, Senior Vice President 02/2019 – 07/2023 Ohio Treasurer of State, Chief of Finance & Senior Counsel Professional Designations
Certified Treasury Professional - CTP®
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser has no other investment-related business activities to disclose.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Bob Meeder, Chief Executive Officer
Telephone: (614) 766-7000

MEEDER PUBLIC FUNDS, INC. | April 2, 2026
Investment Team
6125 Memorial Drive, Dublin, OH 43017 | (614) 766-7000 | www.meederinvestment.com 10655 Park Run Drive, Suite 120, Las Vegas, NV 89144
PAGE 4
Rick Phillips (b. 1963), Senior Vice President & ChiefInvestment Strategist Educational Background
Brigham Young University, B.S., Finance
University of Utah, M.A., Business Administration
Business Experience
12/2023 – Present Meeder Investment Management, SVP & Chief Investment Strategist 02/2012 – 12/2023 FHN Financial Main Street Advisors, President & Chief Investment Officer Professional Designations
Certified Cash Manager – CCM®
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser has no other investment-related business activities to disclose.

Other Business Activities
The Adviser is an officer of the Government Investment Officers Association, a non-profit organization that provides education and professional development for investment officers in state and local governments. This organization and its educational activities are separate and distinct from the Firm's investment advisory services.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Jason Headings
Telephone: (614) 766-7000

MEEDER PUBLIC FUNDS, INC. | April 2, 2026
Investment Team
6125 Memorial Drive, Dublin, OH 43017 | (614) 766-7000 | www.meederinvestment.com PAGE 5
Paulina Woo (b. 1981), Managing Director
Educational Background
University of Texas at Austin, B.A. Ancient History and History University of California, Berkeley, M.A. History
Business Experience
09/2025 – Present Meeder Investment Management, Managing Director 01/2024 – 09/2025 Western Alliance Bank, Senior Director, Treasury Management 05/2007 – 02/2023 PFM Asset Management LLC, Director
Professional Designations
None
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser is a registered representative of Meeder Distribution Services, Inc, an affiliated broker-dealer.

When acting in the capacity of a registered representative, the Adviser is eligible to receive commissions for the sale of securities, including mutual funds, money market funds, and local government investment pools. Recommendations to purchase securities that pay commissions present a conflict of interest because the Adviser has an incentive to recommend investment products based on the compensation received. Meeder does not pay commissions on securities purchased within the firm’s advisory accounts.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Jason Headings
Telephone: (614) 766-7000

MEEDER PUBLIC FUNDS, INC. | April 2, 2026
Investment Team
6125 Memorial Drive, Dublin, OH 43017 | (614) 766-7000 | www.meederinvestment.com 40 North 100 East, Farmington, UT 84025
PAGE 6
Jason Williams (b. 1975), Managing Director
Educational Background
Brigham Young University, B.S., Political Science
University of New Hampshire, MBA, Business Administration Business Experience
04/2026 – Present Meeder Investment Management, Managing Director, Advisory Services 03/2012 – 04/2026 Moreton Asset Management, President and Managing Director Professional Designations
None
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser has no other investment-related business activities to disclose.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Jason Headings
Telephone: (614) 766-7000

MEEDER PUBLIC FUNDS, INC. | April 2, 2026
Investment Team
6125 Memorial Drive, Dublin, OH 43017 | (614) 766-7000 | www.meederinvestment.com PAGE 7
Eileen Stanic (b. 1958), Regional Director, Advisory Services Educational Background
Cleveland State University, B.B.A., Finance
Business Experience
09/2014 – Present Meeder Investment Management, Regional Director, Advisory Services Professional Designations
Certified Treasury Professional - CTP®
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser has no other investment-related business activities to disclose.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Jason Headings
Telephone: (614) 766-7000

MEEDER PUBLIC FUNDS, INC. | April 2, 2026
Investment Team
6125 Memorial Drive, Dublin, OH 43017 | (614) 766-7000 | www.meederinvestment.com PAGE 8
Nick Vaccari (b. 1986), Regional Director, AdvisoryServices Educational Background
The Ohio State University, B.S. Consumer and Family Financial Management, Minor in Economics Business Experience
01/2019 – Present Meeder Investment Management, Regional Director, Advisory Services Professional Designations
Certified Treasury Professional - CTP®
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser is a registered representative of Meeder Distribution Services, Inc, an affiliated broker-dealer.

When acting in the capacity of a registered representative, the Adviser is eligible to receive commissions for the sale of securities, including mutual funds, money market funds, and local government investment pools. Recommendations to purchase securities that pay commissions present a conflict of interest because the Adviser has an incentive to recommend investment products based on the compensation received. Meeder does not pay commissions on securities purchased within the firm’s advisory accounts.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Jason Headings
Telephone: (614) 766-7000

MEEDER PUBLIC FUNDS, INC. | April 2, 2026
Investment Team
6125 Memorial Drive, Dublin, OH 43017 | (614) 766-7000 | www.meederinvestment.com PAGE 9
David Shechtman (b.1993), Director, Advisory Services
Educational Background
University of Texas at Dallas, B.S. Finance
Business Experience
01/2026 – Present Meeder Investment Management, Director, Advisory Services 10/2023 – 01/2026 Hilltop Securities, Asset Manager
12/2020 – 10/2023 JPMorgan, Licensed Relationship Banker Professional Designations
None
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser is a registered representative of Meeder Distribution Services, Inc, an affiliated broker-dealer.

When acting in the capacity of a registered representative, the Adviser is eligible to receive commissions for the sale of securities, including mutual funds, money market funds, and local government investment pools. Recommendations to purchase securities that pay commissions present a conflict of interest because the Adviser has an incentive to recommend investment products based on the compensation received. Meeder does not pay commissions on securities purchased within the firm’s advisory accounts.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Nick Vaccari
Telephone: (614) 766-7000

MEEDER PUBLIC FUNDS, INC. | April 2, 2026
Investment Team
6125 Memorial Drive, Dublin, OH 43017 | (614) 766-7000 | www.meederinvestment.com 10655 Park Run Drive, Suite 120, Las Vegas, NV 89144
PAGE 10
Gregory Balls (b. 1979), Director, Advisory Services
Educational Background
Utah State University, B.S., Economics and Finance
Business Experience
12/2023 – Present Meeder Investment Management, Director, Advisory Services 02/2022 – 12/2023 FHN Financial Main Street Advisors, Assistant Chief Investment Officer 06/2014 – 02/2022 FHN Financial Main Street Advisors, Portfolio Manager and Analyst Professional Designations
Chartered Financial Analyst – CFA®
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser has no other investment-related business activities to disclose.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Paulina Woo
Telephone: (614) 766-7000

MEEDER PUBLIC FUNDS, INC. | April 2, 2026
Investment Team
6125 Memorial Drive, Dublin, OH 43017 | (614) 766-7000 | www.meederinvestment.com PAGE 11
Barry Baughier (b. 1974), Director, Advisory Services
Educational Background
East Texas A&M, B.B.A, Business Administration and Management East Texas A&M, M.B.A., Business Administration
Business Experience
12/2022 – Present MeederInvestment Management, Director, Advisory Services 09/2022 – 12/2022 Deep Blue Investment Advisors, Director 02/2020 – 09/2021 PFM Fund Distributors, Inc., Director Professional Designations
None
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser is a registered representative of Meeder Distribution Services, Inc, an affiliated broker-dealer.

When acting in the capacity of a registered representative, the Adviser is eligible to receive commissions for the sale of securities, including mutual funds, money market funds, and local government investment pools. Recommendations to purchase securities that pay commissions present a conflict of interest because the Adviser has an incentive to recommend investment products based on the compensation received. Meeder does not pay commissions on securities purchased within the firm’s advisory accounts.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Jason Headings
Telephone: (614) 766-7000

MEEDER PUBLIC FUNDS, INC. | April 2, 2026
Investment Team
6125 Memorial Drive, Dublin, OH 43017 | (614) 766-7000 | www.meederinvestment.com 10655 Park Run Drive, Suite 120, Las Vegas, NV 89144
PAGE 12
Tonya Dazzio (b. 1967), Director, Advisory Services
Educational Background
University of Nevada Las Vegas, B.S., Business Administration Business Experience
12/2023 – Present Meeder Investment Management, Director, Advisory Services 02/2012 – 12/2023 FHN Financial Main Street Advisors, CCO & COO Professional Designations
Certified Cash Manager – CCM®
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser has no other investment-related business activities to disclose.

Other Business Activities
The Adviser is an officer of the Government Investment Officers Association, a non-profit organization that provides education and professional development for investment officers in state and local governments. This organization and its educational activities are separate and distinct from the Firm's investment advisory services.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Paulina Woo
Telephone: (614) 766-7000

MEEDER PUBLIC FUNDS, INC. | April 2, 2026
Investment Team
6125 Memorial Drive, Dublin, OH 43017 | (614) 766-7000 | www.meederinvestment.com PAGE 13
Scott Gruber (b. 1989), Director, Advisory Services
Educational Background
Otterbein University, B.S., Business Administration, Finance Business Experience
08/2011 – Present Meeder Investment Management, Director, Advisory Services Professional Designations
Chartered Market Technician – CMT®
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser is a registered representative of Meeder Distribution Services, Inc, an affiliated brokerdealer. When acting in the capacity of a registered representative, the Adviser is eligible to receive commissions for the sale of securities, including mutual funds, money market funds, and local government investment pools. Recommendations to purchase securities that pay commissions present a conflict of interest because the Adviser has an incentive to recommend investment products based on the compensation received. Meeder does not pay commissions on securities purchased within the firm’s advisory accounts.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Nick Vaccari
Telephone: (614) 766-7000

MEEDER PUBLIC FUNDS, INC. | April 2, 2026
Investment Team
6125 Memorial Drive, Dublin, OH 43017 | (614) 766-7000 | www.meederinvestment.com PAGE 14
Phillip Jones (b.1989), Director, Advisory Services
Educational Background
University of Louisiana, B.S., Finance and Accounting
Business Experience
05/2025 – Present Meeder Investment Management, Director, Advisory Services 10/2023 – 05/2025 Hilltop Securities, LLC, Asset Management Sales 10/2020 – 10/2023 J.P. Morgan Securities, LLC, Financial Advisor Professional Designations
None
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser is a registered representative of Meeder Distribution Services, Inc, an affiliated brokerdealer. When acting in the capacity of a registered representative, the Adviser is eligible to receive commissions for the sale of securities, including mutual funds, money market funds, and local government investment pools. Recommendations to purchase securities that pay commissions present a conflict of interest because the Adviser has an incentive to recommend investment products based on the compensation received. Meeder does not pay commissions on securities purchased within the firm’s advisory accounts.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Nick Vaccari
Telephone: (614) 766-7000

MEEDER PUBLIC FUNDS, INC. | April 2, 2026
Investment Team
6125 Memorial Drive, Dublin, OH 43017 | (614) 766-7000 | www.meederinvestment.com PAGE 15
Mike Kloack (b. 1968), Director, Advisory Services
Educational Background
Baker College, B.A., Business Administration
Spring Arbor University, M.A., Business Administration
Business Experience
05/2017 – Present Meeder Investment Management, Director, Advisory Services Professional Designations
None
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser has no other investment-related business activities to disclose.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Jason Headings
Telephone: (614) 766-7000

MEEDER PUBLIC FUNDS, INC. | April 2, 2026
Investment Team
6125 Memorial Drive, Dublin, OH 43017 | (614) 766-7000 | www.meederinvestment.com PAGE 16
James McCourt (b. 1982), Director, Advisory Services
Educational Background
The Ohio State University, B.S., Business Administration Capital University, M.A., Business Administration
Business Experience
11/2018 – Present Meeder Investment Management, Director, Advisory Services Professional Designations
Chartered Financial Analyst - CFA®
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser has no other investment-related business activities to disclose.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Jason Headings
Telephone: (614) 766-7000

MEEDER PUBLIC FUNDS, INC. | April 2, 2026
Investment Team
6125 Memorial Drive, Dublin, OH 43017 | (614) 766-7000 | www.meederinvestment.com PAGE 17
Gabe Philips (b. 1998), Director, Advisory Services
Educational Background
The University of Cincinnati, B.A., Business Administration Business Experience
06/2022 – Present Meeder Investment Management, Director, Advisory Services 11/2021 – 06/2022 SS&C Technologies, Middle Office Trade Operations 05/2020 – 11/2021 Northwestern Mutual, Financial Representative Professional Designations
None
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser has no other investment-related business activities to disclose.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Eileen Stanic
Telephone: (614) 766-7000

MEEDER PUBLIC FUNDS, INC. | April 2, 2026
Investment Team
6125 Memorial Drive, Dublin, OH 43017 | (614) 766-7000 | www.meederinvestment.com PAGE 18
Ben Sehy (b. 1983), Director, Advisory Services
Educational Background
Westminster College, B.A., Business and Finance
University of Utah, MBA, Business Administration
Business Experience
09/2022 – Present Meeder Investment Management, Director, Advisory Services 06/2015 – 08/2022 Moreton Asset Management, Investment Adviser Professional Designations
None
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser has no other investment-related business activities to disclose.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Paulina Woo
Telephone: (614) 766-7000

MEEDER PUBLIC FUNDS, INC. | April 2, 2026
Investment Team
6125 Memorial Drive, Dublin, OH 43017 | (614) 766-7000 | www.meederinvestment.com 40 North 100 East, Farmington, UT 84025
PAGE 19
Andrew Robbins (b. 1976), Director, Advisory Services
Educational Background
Brigham Young University, B.S., Finance
Brigham Young University, MBA, Business Administration
Business Experience
04/2026 – Present Meeder Investment Management, Director, Advisory Services 03/2012 – 04/2026 Moreton Asset Management, CCO & COO
Professional Designations
None
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser has no other investment-related business activities to disclose.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Jason Williams
Telephone: (614) 766-7000

MEEDER PUBLIC FUNDS, INC. | April 2, 2026
Investment Team
6125 Memorial Drive, Dublin, OH 43017 | (614) 766-7000 | www.meederinvestment.com 40 North 100 East, Farmington, UT 84025
PAGE 20
Jace Richards (b. 1997), Consultant, Advisory Services
Educational Background
Utah State University, B.S., Finance
Business Experience
04/2026 – Present Meeder Investment Management, Consultant, Advisory Services 03/2025 – 04/2026 Moreton Asset Management, Portfolio Manager 04/2023 – 03/2025 Utah School and Institutional Trust Funds Office, Investment Analyst Professional Designations
None
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser has no other investment-related business activities to disclose.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Jason Williams
Telephone: (614) 766-7000

MEEDER PUBLIC FUNDS, INC. | April 2, 2026 PAGE 21
Professional Designations
Chartered Financial Analyst – CFA®
The Chartered Financial Analyst® is a voluntary certification. A chartered financial analyst is a professional designation given by the CFA Institute that measures the competence and integrity of financial analysts. An individual must have a minimum of four years of investment/financial experience and hold a bachelor’s degree before an individual can become a Chartered Financial Analyst charter holder. Candidates are required to pass three levels of examinations covering areas such as accounting, economics, ethics, money management, and security analysis.

Chartered Market Technician – CMT®
The Chartered Market Technician® credential is the preeminent, global designation for practitioners of technical analysis. The designation is awarded to those who demonstrate mastery of a core body of knowledge of investment risk in portfolio management settings. To earn the CMT charter an individual must be a Member of the Market Technicians Association (MTA), successfully complete three levels of examinations and obtain approval from the MTA Admissions Committee and Board of Directors.

Certified Treasury Professional – CTP®
The Certified Treasury Professional® designation is sponsored by the Association for Financial Professionals® (AFP) and serves as a benchmark of competency in the finance profession. To earn and keep the designation, finance professionals must have two years of qualifying professional work experience, pass the CTP exam, earn and report 36 continuing education credits every three years, and abide by the AFP’s Standards of Ethical Conduct.

Certified Cash Manager – CCM®
The Certified Cash Manager (CCM) designation is sponsored by the Association for Financial Professionals® (AFP) and awarded to those who have demonstrated the knowledge and skills required by treasury professionals to execute critical functions related to corporate liquidity, capital, and risk management. Financial professionals holding the CCM have met eligibility requirements and passed the CCM exam. In 2003, the CCM designation was phased into the Certified Treasury Professional (CTP) designation, but individuals who have previously attained the CCM are entitled to retain the designation.

Administration &
Finance Subcommittee
Special Meeting
09-15-2026
Item 3.C.

Administration and Finance
Subcommittee Agenda Report
To: Mayor Silverstein and Councilmember Stewart
Prepared by: Angela Loera, Senior Management Analyst
Reviewed by: Christopher Smith, Assistant City Manager
Alicia Freeman, Human Resources Manager
Approved by: Joseph Irvin, City Manager
Date prepared: September 4, 2026 Meeting date: September 15, 2026 Subject: Adoption of Revised Job Classifications to Support Operational Efficiencies RECOMMENDED ACTION: Recommend that the Administration and Finance Subcommittee review and recommend City Council adopt the proposed revised job classifications to support departmental reorganization and operational efficiencies within the Public Works Department.

FISCAL IMPACT: There is no fiscal impact to adjusting these revised job classifications.

DISCUSSION: Human Resources, in coordination with the City Manager’s Office, conducted a review of the job classification for the Public Works Director/City Engineer position and Assistant Public Works Director/Assistant City Engineer position to ensure the City is able to attract the most competitive pool of candidates as well as better reflect the expanded scope of responsibilities within the Public Works Department with the addition of Environmental Programs to the department.

The proposed revisions would rename the Public Works Director/City Engineer classification to Public Works Director and the Assistant Public Works Director/Assistant City Engineer classification to Assistant Public Works Director/City Engineer. Under the proposed structure, the Public Works Director will no longer be required to possess a valid California Professional Engineer (PE) registration. However, the certification will remain as highly desirable within the classification qualifications. Instead, the PE registration requirement would apply to the Assistant Public Works Director/City Engineer who would assume the City Engineer responsibilities.

The proposed revisions are consistent with practices utilized by comparable public agencies such as Agoura Hills, Beverly Hills, Calabasas, Camarillo, Culver City, Laguna Beach, Manhattan Beach, Redondo Beach and Thousand Oaks. It also enables an organizational structure that distinguishes overall departmental leadership from the technical and professional responsibilities of the City Engineer.

If the Administration and Finance Subcommittee recommend approval of the revised job classification, the item will be presented to the City Council for review.

ATTACHMENTS:

A. Public Works Director – Revised Job Description
B. Assistant Public Works Director/City Engineer – Revised Job Description

CITY OF MALIBU

PUBLIC WORKS DIRECTOR
Class Description
Established: July 2013
Revised: September 2026
FLSA: Exempt

DEFINITION
Under administrative direction, plans, directs, manages and oversees the activities and operations of the Public Works department including engineering, capital improvement project design and construction, transportation, streets and traffic control, flood plain management, solid waste management, stormwater and wastewater operations and management, management and implementation of assessment districts, and facility, equipment and infrastructure maintenance; fosters cooperative working relationships with intergovernmental and regulatory agencies and various public and private groups; provides highly responsible and complex professional assistance to City management staff and City Council in areas of expertise; performs related duties as assigned.

SUPERVISION RECEIVED AND EXERCISED
Receives administrative direction from the City Manager. Exercises direct supervision over supervisory, professional, technical, and administrative support staff through subordinate levels of supervision.

CLASS CHARACTERISTICS
This is a department director classification that oversees, directs, and participates in all activities of the Public Works Department including short- and long-term planning as well as development and administration of department policies, procedures, and services. This class provides assistance to the City Manager and/or Assistant City Manager in a variety of administrative, coordinative, analytical, and liaison capacities. Successful performance of the work requires knowledge of public policy, City functions and activities, including the role of the City Council, and the ability to develop, oversee, and implement projects and programs in a variety of areas.

Responsibilities include coordinating the activities of the department with those of other departments and outside agencies and managing and overseeing the complex and varied functions of the department. The incumbent is accountable for accomplishing departmental planning and operational goals and objectives, and for furthering the City’s mission, goals, and objectives within general policy guidelines.

EXAMPLES OF ESSENTIAL JOB FUNCTIONS (Illustrative Only) Management reserves the right to add, modify, change, or rescind the work assignments of different positions and to make reasonable accommodations so that qualified employees can perform the essential functions of the job.
 Assumes full management responsibility for all programs, services, and activities of the Public Works Department including providing oversight and administrative direction to Assistant Director of Public Works/City Engineer and related duties and responsibilities.  Develops, directs, and coordinates the implementation of goals, objectives, policies, procedures, and work standards for the Public Works Department.  Establishes, within City policy, appropriate service, and staffing levels; monitors and evaluates the efficiency and effectiveness of service delivery methods and procedures; allocates resources accordingly.

Attachment A

Public Works Director

 Manages and participates in the development and administration of the Department’s operating and capital improvement budget; directs the forecast of additional funds needed for staffing, equipment, materials, and supplies; monitors and approves expenditures and implements budgetary adjustments as necessary.
 Assesses and monitors workload, administrative and support systems, and internal reporting relationships; identifies opportunities for improvement; directs the implementation of changes.  Selects, trains, motivates, and evaluates assigned personnel; provides or coordinates staff training; works with employees to correct deficiencies; implements discipline and termination procedures.
 Oversees traffic engineering and transportation planning activities; develops local, State and Federal funding sources for such activities.
 Oversees the provision of contracted services; prepares specifications and requests for proposal; evaluates bids and makes recommendations for contract aware; manages and administers contract to ensure compliance with contractual obligations and approved budget.  Plans, directs, and coordinates the Public Works Department’s work plan; meets with management staff to identify and resolve problems; assigns projects and programmatic areas of responsibility; reviews and evaluates work methods and procedures.  Conducts a variety of organizational studies, investigations, and operational studies; recommends modifications to department programs, policies, and procedures as appropriate.  Attends and participates in professional group meetings; stays abreast of new trends and innovations in the field of public services.
 Represents the Public Works Department to other City departments, elected officials, and outside agencies; coordinates department activities with those of other departments and outside agencies and organizations.
 Directs and participates in the preparation, review, and presentation of reports; provides recommendations to the City Manager, City Council, various boards as required; manages special projects as assigned by the City Manager.
 Receives, investigates, and responds to the most difficult and sensitive complaints, inquiries, and requests for services and takes necessary action to resolve.  Maintains and directs the maintenance of working and official departmental files.  Monitors changes in laws, regulations and technology that may affect City or departmental operations; implements policy and procedural changes as required.  Ensures staff observe and comply with all City and mandated safety rules, regulations, and protocols.
 Performs related duties as required.

QUALIFICATIONS
Education and Experience:

Any combination of training and experience which would provide the required knowledge, skills and abilities is qualifying. A typical way to obtain the required qualifications would be:

Education:

Equivalent to a bachelor’s degree from an accredited college or university with major coursework in civil engineering or a related field.

Experience:

Eight (8) years of increasing responsible public works and/or construction management experience, including four (4) years of administrative, supervisory and management experience.

Public Works Director

Licenses and Certifications:
 Possession of a valid California Driver’s License and a satisfactory driving record, to be maintained throughout employment.

Possession of a valid California registration as a Professional Engineer (PE), highly desirable.

Knowledge of:
 Organization and management practices as applied to the development, analysis, and evaluation of programs, policies, and operational needs of the Public Works Department.  Principles and practices of employee supervision, including work planning, assignment review and evaluation, discipline, and the training of staff in work procedures.  Principles and practices of leadership.
 Administrative principles, practices, and methods including goal setting, program development, implementation and evaluation, policy and procedure development, quality control, and work standards.
 Principles and techniques for working with groups and fostering effective team interaction to ensure teamwork is conducted smoothly.
 General principles of risk management related to the functions of the assigned area.  Principles, practices, techniques, procedures and standards of capital improvement engineering, design, construction, inspection, funding, and long-term maintenance.  Principles and concepts of municipal infrastructure maintenance, repair, and replacement.  Principles and practices of budget development and administration.  Modern and complex principles and practices of program development and administration.  Technical, legal, financial, and public relations problems associated with the management of public works programs.
 Grant application and administration.
 Applicable federal, state, and local laws, codes, and regulations as well as industry standards and best practices pertinent to the assigned area of responsibility.  City and mandated safety rules, regulations, and protocols  Techniques for providing a high level of customer service, by effectively dealing with the public, vendors, contractors, and City staff.
 The structure and content of the English language, including the meaning and spelling of words, rules of composition, and grammar.
 Modern equipment and communication tools used for business functions and program, project, and task coordination, including computers and software programs relevant to work performed.

Ability to:
 Select and supervise staff, provide training and development opportunities, ensure work is performed effectively, and evaluate performance in an objective and positive manner.  Develop and implement goals, objectives, practices, policies, procedures, and work standards.
 Provide administrative, management, and professional leadership for the Public Works Department.
 Plan, organize, administer, coordinate, review, and evaluate a comprehensive public work design, engineering, construction, and maintenance program.  Prepare and administer large and complex budgets; allocate limited resources in a costeffective manner.  Conduct effective negotiations with governmental agencies, contractors, vendors, and various business, professional, regulatory, and legislative organizations.  Analyze problems, identify alternative solutions, project consequences of proposed actions and implement recommendations in support of goals.

Public Works Director

 Make accurate arithmetic, financial and statistical computations.  Direct the maintenance of and maintain accurate records and files.  Understand, interpret, and apply all pertinent laws, codes, regulations, policies and procedures, and standards relevant to work performed.
 Effectively represent the department and the City in meetings with governmental agencies; community groups; various business, professional, and regulatory organizations; and in meetings with individuals.
 Prepare clear and concise reports, correspondence, documentation, and other written materials.
 Use tact, initiative, prudence, and independent judgment within general policy, procedural, and legal guidelines.
 Independently organize work, set priorities, meet critical deadlines, and follow-up on assignments.
 Communicate clearly and concisely, both orally and in writing, using appropriate English grammar and syntax.
 Establish, maintain, and foster positive and effective working relationships with those contacted in the course of work.
 Effectively use computer systems, software applications relevant to work performed, and modern business equipment to perform a variety of work tasks.

SUPPLEMENTAL INFORMATION

PHYSICAL DEMANDS
Subject to any reasonable accommodations that is required by the American and Disabilities Act (ADA) or California Disabled Persons Act (CDPA).

Must possess mobility to work in a standard office setting and use standard office equipment, including a computer; to operate a motor vehicle and visit various City sites; vision to read printed materials and a computer screen; and hearing and speech to communicate in person and over the telephone. This is primarily a sedentary office classification although standing in work areas and walking between work areas may be required. Finger dexterity is needed to access, enter, and retrieve data using a computer keyboard or calculator and to operate standard office equipment. Positions in this classification occasionally bend, stoop, kneel, reach, push, and pull drawers open and closed to retrieve and file information. Employees must possess the ability to lift, carry, push, and pull materials and objects up to 10 pounds.

When assigned to field work, must possess mobility to work in changing site conditions; possess the strength, stamina, and mobility to perform light physical work; to sit, stand, and walk on level, uneven, or slippery surfaces; to reach, twist, turn, kneel, and bend,; and to operate a motor vehicle and visit various City sites; vision to inspect site conditions and work in progress. The job involves fieldwork requiring frequent walking in operational areas to identify problems or hazards, with exposure to hazardous materials in some site locations. Employees must possess the ability to lift, carry, push, and pull materials and objects averaging a weight of 20 pounds, or heavier weights, in all cases with the use of proper equipment and/or assistance from other staff.

ENVIRONMENTAL CONDITIONS
Employees work in an office environment with moderate noise levels and controlled temperature conditions, although there may be occasional exposure to inclement weather conditions, noise,

Public Works Director

dust, and potentially hazardous materials. Employees may interact with upset staff and/or public and private representatives in interpreting and enforcing departmental policies and procedures.

WORKING CONDITIONS
May be required to work on evenings, weekends, and holidays.

DISASTER SERVICE WORKER
In accordance with California Government Code Section 3100, City of Malibu employees are considered disaster service workers and may be asked to respond in the event of an emergency or natural disaster.

City of Malibu

ASSISTANT PUBLIC WORKS DIRECTOR/

CITY ENGINEER
Class Description
September 2026
FLSA: Exempt

DEFINITION
Under the direction of the Director of Public Works, this management position oversees the Engineering Division, assists in the administration of the Public Works Department, including public works, engineering, transportation, public and private sub-division development reviews, capital projects, FEMA floodplain management, assessment districts, Stormwater (NPDES) management, permitting, consultant management, working with regulatory and outside agencies, provides professional assistance to the Public Works Director, the City Council, other departments and others in areas of expertise; oversees, reviews and performs a variety of studies and prepares and presents staff reports; and performs related work as required. May perform the duties of the Director of Public Works in their absence.

SUPERVISION RECEIVED AND EXERCISED
Receives general direction by the Public Works Director. Exercises direct supervision over supervisory, professional, technical, and administrative support staff.

CLASS CHARACTERISTICS
This is a single-position mid-management classification in the Public Works Department. The incumbent assists with the daily operations of the Public Works Department and is primarily responsible for managing the department’s public works city engineering services activities. Requires an extensive professional background in public works agencies and private civil engineering organizations relating to sub-divisions and developments; city engineering; as well as planning and coordination of capital improvement projects. Work is performed within a broad framework of general policy and requires creativity and resourcefulness to accomplish goals and objectives in order to apply concepts, plans and strategies that may require a variety of non-conventional methods and systems to achieve established goals and objectives. This class is distinguished from the Public Works Director in that the latter has overall responsibility for all engineering functions. Positions generally serve as advisors and contributors to executive management on policies, procedures, and major City initiatives.

Attachment B

Assistant Public Works Director/City Engineer

EXAMPLES OF ESSENTIAL JOB FUNCTIONS (Illustrative Only) Management reserves the right to add, modify, change, or rescind the work assignments of different positions and to make reasonable accommodations so that qualified employees can perform the essential functions of the job.  Assists the Director of Public Works in managing and directing the Public Works Department; assume the duties of the Director of Public Works in the director’s absence. Assist in the development and implementation of departmental goals, objectives, policies, and procedures.  Plan, organize, and direct Engineering Division activities, including Civil Engineering, Traffic Engineering, and all other related activities.  Continuously monitors and evaluates the efficiency and effectiveness of service delivery methods and procedures; assesses and monitors workload, administrative and support systems, and internal reporting relationships; identifies opportunities for improvement and reviews with the Director of Public Works; directs the implementation of improvements.  Recommend the appointment of personnel; provide or coordinate staff training; conduct performance evaluations; implement discipline procedures as required; maintain discipline and high standards necessary for the efficient and professional operation of the department.  Develop and implement the work plan for the Engineering Division; identify and resolve problems, assign work activities, projects, and programs; monitor workflow; reviews and evaluates work products, methods, and procedures.
 Prepare the Public Works Department budget; assist in budget implementation; participate in the forecast of additional funds needed for staffing, equipment, materials, and supplies; administer the approved budget. Oversee the preparation of construction plans, specifications, and estimates for utilities, streets, and other public infrastructure; develop engineering criteria for project design.
 Oversees the development of consultant requests for proposal for professional and/or construction services and the advertising and bid processes; evaluates proposals and recommends project award; administers contracts after award.
 Negotiates and administers contracts for construction projects; ensures contractor compliance with City standards and specifications, time, and budget estimates; analyzes and resolves complex problems that may arise; recommends and approves field changes as required.
 Participate in or oversee the preparation of utility master plans and projects for the Capital Improvement Program; prepare and review written reports and recommend strategies to address the City's utility and public infrastructure assets.
 Analyzes civil engineering plan design, specifications, consultant, and staff comments in accordance with design requirements and municipal and intergovernmental standards and regulations; recommends approval or additional engineering conditions and changes.

Assistant Public Works Director/City Engineer

 Oversee proposed private development to ensure regulatory compliance of subdivision maps, surveys, parcel maps, and plans for construction of public improvements; provide comments and conditions for development entitlements and permits.
 Meets and confers with contractors, engineers, developers, architects, a variety of outside agencies, and the general public on development issues and acquiring information.
 Oversee all phases of public works engineering projects including conceptualization, survey, right-of-way acquisition, design, bidding, construction, and inspection.
 Review and recommend approval of subdivision public improvement agreements, development agreements, and bonds.
 Review and/or recommend approval of parcel and tract maps, lot line adjustments, lot ties, legal descriptions, easements, vacations, encroachments, and plans prepared by private engineers for the development of subdivisions and work within public rights-of-way.  Maintain engineering records including maps, plans, survey notes, and the Department's Geographic Information System (GIS).
 Conducts a variety of organizational studies, investigations, and operational studies; recommends modifications to engineering programs, policies, and procedures as appropriate.
 Prepares, reviews, and completes various reports, including City Council agenda reports, employee performance reviews and division related documentation and correspondence.
 Provides technical information and instruction regarding applicable procedures and methods; interprets and explains rules, regulations, and procedures; answers questions and resolves concerns.
 Serves as a liaison for the Engineering Division and Public Works Department with other City departments, divisions, and outside agencies; attends meetings, as necessary; provides staff support to commissions, committees, and task forces, as necessary; negotiates and resolves significant and controversial issues.
 Provides highly complex staff assistance to the Public Works Director; prepares and presents staff reports and other necessary correspondence.  Conducts a variety of organizational studies, investigations, and operational studies; recommends modifications to Engineering programs, policies, and procedures, as appropriate.
 Develops and reviews staff reports related to engineering activities and services; presents reports to the City Council and various commissions, committees, and boards; performs a variety of public relations and outreach work related to planning activities.
 Participates on a variety of boards, commissions, committees, and task forces; attends and participates in professional groups and committees; stays abreast of new trends and innovations in the field of Civil Engineering.

Assistant Public Works Director/City Engineer

 Confers with engineers, developers, architects, a variety of agencies and the general public in acquiring information and coordinating engineering matters; provides information regarding City development requirements.  Receives, investigates, and responds to problems and complaints from citizens in a professional manner; identifies and reports findings and takes necessary corrective action.
 Prepares plans, specifications, and cost estimates for capital improvement projects.
 Provides assistance with management and administration of Landslide Assessment Districts.
 Performs other duties as assigned.

QUALIFICATIONS
Knowledge of:
 Principles and practices of civil engineering as applied to the planning, design, cost estimating, construction, installation, and inspection of a wide variety of municipal facilities, miscellaneous buildings, and structures.  Civil and transportation engineering principles, concepts, standards, and practices associated with public works programs and private development projects.
 Principles and practices of environmental impact assessment and related regulatory processes.
 Methods, materials, and techniques used in the construction of public works projects.
 Contract management practices in a public agency setting.  Request for proposal (RFP) process for consultant acquisition and public bidding of construction projects.
 Operational characteristics, services, and activities of a municipal engineering program.
 Organizational and management practices as applied to the analysis and evaluation of programs, policies, and operational needs.  Modern and complex principles and practices of program development and administration.
 Subdivision Map Act and subdivision agreements and conveyances.  Principles and practices of highway design.
 Principles, methods, and practices of construction and grading.  Computer applications related to the work, including computer-aided drafting concepts and applications.
 Sources of information related to engineering theory and practices applicable to wastewater treatment and collections, as well as levee construction, maintenance, and repair.