Prepared for Portage County

Prepared for

Portage Countyas of November 30, 2018

For the third time this year; the Committee voted to raise the fed funds target range to 2.00% -2.25%

The decision to raise at the September meeting was a unanimous decision in favor of the rate hike

Inflation remains near 2 percent while longer-term inflation expectations are little changed

“consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability”

Effective in October, the monthly pace of shrinking the balance sheet hit the maximum of $50 billion per month

“Gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity and strong labor market conditions”

Source: Bloomberg

1 M

6 M 2 Y

5 Y

7 Y

10

Y

30

Y

3

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

1.40%

1.60%

1.80%

2.00%

2.20%

2.40%

2.60%

2.80%

3.00%

3.20%

3.40%

3.60%

11/30/2018 12/31/2017 12/31/2016 12/31/2015

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

Dec

-06

May

-07

Oct

-07

Mar

-08

Au

g-0

8

Jan

-09

Jun

-09

No

v-09

Ap

r-10

Sep

-10

Feb

-11

Jul-

11

Dec

-11

May

-12

Oct

-12

Mar

-13

Au

g-1

3

Jan

-14

Jun

-14

No

v-14

Ap

r-15

Sep

-15

Feb

-16

Jul-

16

Dec

-16

May

-17

Oct

-17

Mar

-18

Au

g-1

8

Personal Consumption Expenditures (Core) Fed Target

Source: Bloomberg

4

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

10.00%

11.00%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

Mar

-07

Au

g-0

7

Jan

-08

Jun

-08

No

v-08

Ap

r-09

Sep

-09

Feb

-10

Jul-

10

Dec

-10

May

-11

Oct

-11

Mar

-12

Au

g-1

2

Jan

-13

Jun

-13

No

v-13

Ap

r-14

Sep

-14

Feb

-15

Jul-

15

Dec

-15

May

-16

Oct

-16

Mar

-17

Au

g-1

7

Jan

-18

Jun

-18

US Average Hourly Earnings (YoY) Unemployment Rate(Left) (Right)

Source: Bloomberg

5

Source: Bloomberg

1 M

6 M 2 Y

5 Y

7 Y

10

Y

30

Y

6

1.60%

1.70%

1.80%

1.90%

2.00%

2.10%

2.20%

2.30%

2.40%

2.50%

2.60%

2.70%

2.80%

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120

11/30/2018

Yield and Interest Income information is annualized. All yield information is shown gross of any advisory and custody fees and is based on yield to maturity at cost. Past performance is not a guarantee of future results.

75%

7%

17%

1%

US Government Agencies

FDIC-Insured Products

Commercial Paper

Other

35,113,004

23,528,000

11,144,000

21,335,000

1,992,000

38% 25% 12% 23%2%

-

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

30,000,000

35,000,000

40,000,000

0-1 year 1-2 years 2-3 years 3-4 years 4-5 years 8


SETTLEMENT CUSIP SECURITY DESCRIPTION SECURITY TYPE PAR COUPON YIELD MATURITY

10/02/2018 46640QTU5 JP MORGAN SECURITIES CP 06/28/19 COMMERCIAL PAPER $2,650,000 N/A 2.77% 6/28/2019

10/03/2018 25214PLV3 DEXIA CREDIT LOCAL CP 06/25/19 COMMERCIAL PAPER $2,100,000 N/A 2.73% 6/25/2019

10/31/2018 22533UUS0 CREDIT AGRICOLE CP 07/26/19 COMMERCIAL PAPER $2,800,000 N/A 2.89% 7/26/2019

11/02/2018 46640QUW9 JP MORGAN SECURITIES CP 07/30/19 COMMERCIAL PAPER $2,500,000 N/A 3.07% 7/30/2019

11/02/2018 13607FUS3 CANADIAN IMPERIAL CP 07/26/19 COMMERCIAL PAPER $1,915,000 N/A 2.92% 7/26/2019

11/21/2018 2254EBVG3 CREDIT SUISSE CP 08/16/19 COMMERCIAL PAPER $1,640,000 N/A 3.02% 8/16/2019

9

PORTFOLIO SIZEWEIGHTED AVERAGE

MATURITYWEIGHTED AVERAGE

YIELDANNUALIZED INTEREST

INCOME

2006 $72,050,000 1.52 years 5.17% $3,724,985

2007 $78,505,000 2.00 years 5.12% $4,019,456

2008 $86,875,000 1.76 years 3.94% $3,422,875

2009 $69,500,000 1.38 years 2.98% $2,071,100

2010 $81,696,811 1.76 years 1.97% $1,609,427

2011 $76,281,811 1.50 years 1.13% $861,984

2012 $77,840,000 1.40 years 0.84% $653,856

2013 $74,810,000 1.75 years 0.64% $478,784

2014 $85,371,000 2.56 years 1.17% $998,840

2015 $89,201,000 2.74 years 1.36% $1,213,134

2016 $90,389,816 2.00 years 1.35% $1,220,262

2017 $91,518,238 2.67 years 1.74% $1,609,817

2018 (as of 11/30/18) $93,112,004 1.93 years 1.97% $1,834,306


10

For the Account of: PORTAGE COUNTY

Account Number: 55 00 0082 0 00 Date: NOVEMBER 1, 2018 − NOVEMBER 30, 2018

Portfolio Assets Detail

Yield atCost

Est. AnnIncome

UnrealizedGain/Loss

% ofPortfolio

CurrentMkt Value

CurrentShare PriceTotal CostSharesDescription

CASH AND EQUIVALENTSDate

Acquired

CASH AND EQUIVALENTS

11/30/2018 0.0723.08.00 .03 32,964.611.000 32,964.61 32,964.61CHASE SAVINGS(00119CASH)

11/30/2018 1.82 2,768.66.00 .12 152,124.111.000 152,124.11 152,124.11FGVXX − FIRST AMERICAN GOVTOBLIGATIONS FUND(31846V203)

11/30/2018 2.35 119,163.81.00 3.96 5,070,800.351.000 5,070,800.35 5,070,800.35HOME SAVINGS(00232CASH)

11/30/2018 2.35 680,701.99.00 22.64 28,966,042.111.000 28,966,042.11 28,966,042.11STAR OHIO(00001CASH)

11/30/2018 2.35 58,475.65.00 1.95 2,488,325.371.000 2,488,325.37 2,488,325.37STAR PLUS − TIER 1(00002CASH)

TOTAL CASH AND EQUIVALENTS 36,710,256.55 36,710,256.55 .00 861,133.18 2.35

TOTAL CASH AND EQUIVALENTS 36,710,256.55 36,710,256.55 .00 861,133.18 2.35

Yield atCost

Est. AnnIncome

UnrealizedGain/Loss

% ofPortfolio

CurrentMkt Value


SECURITIESDate

Acquired

MATURITY (0−5 YRS)

03/20/2014 1.65 16,500.00.00 .78 1,000,000.00 100.000 1,000,000.00 1,000,000.00CITY OF AKRON MUNI1.65% 12/01/18(010033L48)

12/08/2015 1.50 3,735.00−49.80 .19 248,950.2099.980 249,000.00 249,000.00FLUSHING BK 1.50% 12/17/18(34387ABS7)

Page 2 of 9




Yield atCost

Est. AnnIncome

UnrealizedGain/Loss

% ofPortfolio

CurrentMkt Value


SECURITIESDate

Acquired

07/11/2018 2.42 11,880.00 10,463.44 .86 1,098,779.00 99.889 1,088,315.56 1,100,000.00TOYOTA MOTOR CP 12/18/18(89233HMJ0)

03/24/1992 3.12.08−3.07 .004.00 99.7687.074.01FN 70226(31362TA37)

06/20/2018 2.54 8,584.00 6,613.94 .45 578,155.60 99.682 571,541.66 580,000.00JP MORGAN CP 01/16/19(46640QNG2)

02/03/2016 1.50 3,720.00 −357.12 .19 247,642.88 99.856 248,000.00 248,000.00BANCO POPULAR 1.50% 02/11/19(05965GWP7)

02/08/2016 1.25 21,875.00 −4,620.00 1.36 1,745,380.00 99.736 1,750,000.00 1,750,000.00FNMA 1.25% 02/26/19(3135G0J38)

03/03/2016 1.30 26,000.00 −6,400.00 1.56 1,993,600.00 99.680 2,000,000.00 2,000,000.00FNMA 1.30% 03/15/19(3136G3DQ5)CALLABLE 12/15/2018

03/29/2016 1.35 2,700.00 −652.00 .16 199,348.00 99.674 200,000.00 200,000.00WORLD FOREMST 1.35% 04/05/19(981571CA8)

04/30/2015 1.65 4,075.50 −733.59 .19 246,266.41 99.703 247,000.00 247,000.00AMERICAN EXPR 1.65% 04/30/19(02587DXN3)

08/24/2018 2.62 10,578.90 3,004.51 .41 529,653.84 98.632 526,649.33 537,000.00NATIXIS NY CP 05/21/19(63873KSM0)

05/13/2016 1.25 20,000.00 −10,256.00 1.24 1,589,744.00 99.359 1,600,000.00 1,600,000.00FHLMC 1.25% 05/24/19(3134G9LD7)CALLABLE 02/24/2019

05/17/2016 1.30 21,060.00 −10,092.60 1.26 1,609,907.40 99.377 1,620,000.00 1,620,000.00FHLMC 1.30% 05/24/19(3134G9MU8)CALLABLE 02/24/2019

08/28/2018 2.63 5,811.50 1,680.12 .23 290,993.01 98.642 289,312.89 295,000.00JP MORGAN SEC CP 05/24/19(46640QSQ5)

Page 3 of 9




Yield atCost

Est. AnnIncome

UnrealizedGain/Loss

% ofPortfolio

CurrentMkt Value


SECURITIESDate

Acquired

10/03/2018 2.73 42,210.00 7,450.33 1.61 2,066,022.00 98.382 2,058,571.67 2,100,000.00DEXIA CREDIT LOCALCP 06/25/19(25214PLV3)

06/23/2016 1.25 9,062.50 −5,684.00 .56 719,316.00 99.216 725,000.00 725,000.00FNMA 1.25% 06/28/19(3135G0K93)CALLABLE 12/28/2018

10/02/2018 2.77 54,060.00 8,452.78 2.04 2,604,791.00 98.294 2,596,338.22 2,650,000.00JP MORGAN SECURITIES CP06/28/19(46640QTU5)

07/10/2014 2.00 40,000.00.00 1.56 2,000,000.00 100.000 2,000,000.00 2,000,000.00PORTAGE COMM 2.00% 07/05/19(00329CDAR)

06/23/2016 1.27 9,207.50 −6,032.00 .56 718,968.00 99.168 725,000.00 725,000.00FNMA 1.27% 07/11/19(3136G3VX0)CALLABLE 01/11/2019

11/02/2018 2.92 41,364.00 3,991.30 1.47 1,878,523.08 98.095 1,874,531.78 1,915,000.00CANADIAN IMPERIALCP 07/26/19(13607FUS3)

10/31/2018 2.89 60,259.30 4,924.58 2.15 2,745,934.80 98.069 2,741,010.22 2,800,000.00CREDIT AGRICOLE CP 07/26/19(22533UUS0)

11/02/2018 3.07 57,500.00 6,872.50 1.92 2,450,622.50 98.025 2,443,750.00 2,500,000.00JP MORGAN SEC CP 07/30/19(46640QUW9)

11/21/2018 3.02 36,408.00 461.03 1.25 1,604,444.80 97.832 1,603,983.77 1,640,000.00CREDIT SUISSE CP 08/16/19(2254EBVG3)

10/03/2016 1.30 3,224.00 −3,345.52 .19 244,654.48 98.651 248,000.00 248,000.00SALLIE MAE 1.30% 10/15/19(795450ZF5)

10/16/2014 2.15 5,310.50 −1,195.48 .19 245,804.52 99.516 247,000.00 247,000.00AMERICAN EXPR 2.15% 10/16/19(02587CBX7)

Page 4 of 9

For the Account of: PORTAGE COUNTY Account Number: 55 00 0082 0 00 Date: NOVEMBER 1, 2018 − NOVEMBER 30, 2018


Yield atCost

Est. AnnIncome

UnrealizedGain/Loss

% ofPortfolio

CurrentMkt Value


SECURITIES Date

Acquired

10/17/2014 2.40 5,928.00 −1,202.89 .19 245,797.11 99.513 247,000.00 247,000.00ST BK INDIA 2.40% 10/17/19(8562842V5)

10/14/2016 1.30 36,348.00 −36,096.36 2.16 2,759,903.64 98.709 2,796,000.00 2,796,000.00FNMA 1.30% 10/28/19(3135G0R21)CALLABLE 01/28/2019

11/19/2014 2.15 5,310.50 −1,370.85 .19 245,629.15 99.445 247,000.00 247,000.00CIT BANK 2.15% 11/19/19(17284C3Q5)

11/09/2016 1.30 19,500.00 −21,360.00 1.16 1,478,640.00 98.576 1,500,000.00 1,500,000.00FHLMC 1.30% 11/22/19(3134GAYH1)CALLABLE 02/22/2019

11/16/2016 1.44 15,400.00 −13,079.00 .85 1,085,491.00 98.681 1,098,570.00 1,100,000.00FNMA 1.40% 11/25/19(3136G4GU1)CALLABLE 02/25/2019

11/24/2014 2.00 4,940.00 −1,573.39 .19 245,426.61 99.363 247,000.00 247,000.00THIRD FED 2.00% 11/25/19(88413QAW8)

02/19/2016 1.50 7,500.00 −7,565.00 .38 492,435.00 98.487 500,000.00 500,000.00FHLB 1.50% 02/10/20(3130A75G6)CALLABLE 12/10/2018

06/06/2017 1.70 29,325.00 −26,116.50 1.33 1,698,883.50 98.486 1,725,000.00 1,725,000.00FHLMC 1.70% 05/15/20(3134GBPV8)CALLABLE 02/15/2019

05/16/2016 1.50 26,250.00 −32,602.50 1.34 1,717,397.50 98.137 1,750,000.00 1,750,000.00FHLMC 1.50% 05/26/20(3134G9MN4)CALLABLE 02/26/2019

06/06/2017 1.67 14,028.00 −13,826.40 .65 825,963.60 98.329 839,790.00 840,000.00FFCB 1.67% 06/01/20(3133EHKR3)CALLABLE 12/10/2018

Page 5 of 9




Yield atCost

Est. AnnIncome

UnrealizedGain/Loss

% ofPortfolio

CurrentMkt Value


SECURITIESDate

Acquired

06/15/2017 2.00 4,569.50 −3,001.05 .19 242,922.03 98.349 245,923.08 247,000.00BMW BANK 1.85% 06/16/20(05580AJK1)

06/15/2017 1.76 9,712.50 −9,912.30 .43 544,921.20 98.184 554,833.50 555,000.00FHLMC 1.75% 06/29/20(3134GBSX1)CALLABLE 12/29/2018

06/15/2017 1.75 8,610.00 −8,669.04 .38 483,330.96 98.238 492,000.00 492,000.00FHLMC 1.75% 06/29/20(3134GBTX0)CALLABLE 12/29/2018

07/20/2016 1.45 18,850.00 −28,522.00 .99 1,271,478.00 97.806 1,300,000.00 1,300,000.00FNMA 1.45% 07/28/20(3136G3P41)CALLABLE 01/28/2019

08/24/2015 2.20 5,434.00 −5,369.78 .19 241,630.22 97.826 247,000.00 247,000.00CAP ONE, N.A. 2.20% 09/02/20(14042E6G0)

08/26/2016 1.50 37,500.00 −58,475.00 1.91 2,441,525.00 97.661 2,500,000.00 2,500,000.00FHLMC 1.50% 09/08/20(3134GAJJ4)

09/09/2015 2.20 5,434.00 −3,388.84 .19 243,611.16 98.628 247,000.00 247,000.00BARCLAYS 2.20% 09/16/20(06740KJK4)

09/09/2016 1.50 37,500.00 −58,750.00 1.91 2,441,250.00 97.650 2,500,000.00 2,500,000.00FHLB 1.50% 09/23/20(3130A9GQ8)CALLABLE 12/23/2018

09/19/2016 1.50 22,500.00 −36,600.00 1.14 1,463,400.00 97.560 1,500,000.00 1,500,000.00FHLMC 1.50% 09/30/20(3134GANX8)CALLABLE 12/30/2018

09/25/2015 2.25 5,557.50 −3,586.44 .19 243,413.56 98.548 247,000.00 247,000.00SYNCHRONY 2.25% 10/02/20(87165HLF5)

10/06/2016 1.50 45,000.00 −75,630.00 2.29 2,924,370.00 97.479 3,000,000.00 3,000,000.00FHLMC 1.50% 10/19/20(3134GASS4)CALLABLE 01/19/2019

Page 6 of 9




Yield atCost

Est. AnnIncome

UnrealizedGain/Loss

% ofPortfolio

CurrentMkt Value


SECURITIESDate

Acquired

10/13/2016 1.50 58,170.00 −99,238.02 2.95 3,778,761.98 97.441 3,878,000.00 3,878,000.00FNMA 1.50% 10/28/20(3135G0Q97)CALLABLE 01/28/2019

11/09/2016 1.50 30,000.00 −53,400.00 1.52 1,946,600.00 97.330 2,000,000.00 2,000,000.00FHLMC 1.50% 11/23/20(3134GAYA6)CALLABLE 02/23/2019

08/23/2017 1.90 56,810.00 −78,248.30 2.28 2,911,751.70 97.383 2,990,000.00 2,990,000.00FHLMC 1.90% 08/27/21(3134GBE24)CALLABLE 02/27/2019

09/12/2017 1.89 36,800.00 −54,140.00 1.52 1,941,860.00 97.093 1,996,000.00 2,000,000.00FFCB 1.84% 09/13/21(3133EHYU1)CALLABLE 12/10/2018

10/17/2017 2.06 20,476.40 −25,515.98 .76 968,484.02 97.433 994,000.00 994,000.00FNMA 2.06% 10/29/21(3136G4QL0)CALLABLE 01/29/2019

10/31/2017 2.14 46,224.00 −50,112.00 1.65 2,109,888.00 97.680 2,160,000.00 2,160,000.00FFCB 2.14% 11/01/21(3133EHN58)CALLABLE 12/10/2018

11/15/2016 2.00 60,000.00 −77,040.00 2.28 2,922,960.00 97.432 3,000,000.00 3,000,000.00FHLMC 2.00% 11/24/21(3134GAZS6)CALLABLE 02/24/2019

11/29/2016 2.00 10,000.00 −13,465.00 .38 486,535.00 97.307 500,000.00 500,000.00FFCB 2.00% 12/06/21(3133EGS30)CALLABLE 12/10/2018

12/08/2016 2.05 14,555.00 −19,361.70 .54 690,638.30 97.273 710,000.00 710,000.00FHLB 2.05% 12/22/21(3130AAF37)CALLABLE 12/22/2018

Page 7 of 9




Yield atCost

Est. AnnIncome

UnrealizedGain/Loss

% ofPortfolio

CurrentMkt Value


SECURITIESDate

Acquired

12/18/2017 2.25 106,987.50 −104,372.25 3.64 4,650,627.75 97.805 4,755,000.00 4,755,000.00FHLMC 2.25% 12/28/21(3134GSAZ8)CALLABLE 12/28/2018

04/26/2017 2.35 5,804.50 −7,871.89 .19 239,128.11 96.813 247,000.00 247,000.00GOLDMAN SACHS 2.35% 05/03/22(38148PJP3)

08/14/2017 2.16 17,064.00 −23,818.50 .60 766,181.50 96.985 790,000.00 790,000.00FHLB 2.16% 08/17/22(3130AC6P4)CALLABLE 02/17/2019

08/24/2017 2.36 5,602.50 −9,008.32 .19 238,893.09 95.941 247,901.41 249,000.001ST BK PR 2.25% 09/01/22(33767A4T5)

09/07/2017 2.00 42,500.00 −73,695.00 1.60 2,051,305.00 96.532 2,125,000.00 2,125,000.00FHLB 2.00% 09/19/22(3130ACER1)CALLABLE 12/19/2018

09/08/2017 2.05 43,050.00 −78,687.00 1.58 2,021,313.00 96.253 2,100,000.00 2,100,000.00FHLMC 2.05% 09/22/22(3134GBG89)CALLABLE 12/22/2018

09/12/2017 2.15 43,881.50 −65,801.84 1.54 1,975,198.16 96.776 2,041,000.00 2,041,000.00FHLB 2.15% 09/26/2209/19/2017 2.17 3,182.00 −4,653.12 .11 143,228.48 96.776 147,881.60 148,000.00(3130ACF66)

CALLABLE 12/26/2018TAX LOT TOTAL 2,189,000.00 2,188,881.60 2,118,426.64 1.65 −70,454.96 47,063.50 2.15

10/17/2017 2.23 32,335.00 −41,252.50 1.10 1,408,747.50 97.155 1,450,000.00 1,450,000.00FHLMC 2.23% 10/26/22(3134GBU42)CALLABLE 01/26/2019

10/20/2017 2.28 33,174.00 −42,849.75 1.10 1,412,150.25 97.055 1,455,000.00 1,455,000.00FHLMC 2.28% 10/26/22(3134GBV74)CALLABLE 01/26/2019

Page 8 of 9




Yield atCost

Est. AnnIncome

UnrealizedGain/Loss

% ofPortfolio

CurrentMkt Value


SECURITIESDate

Acquired

11/02/2017 2.29 67,800.00 −89,160.00 2.27 2,906,640.0096.888 2,995,800.00 3,000,000.00FHLB 2.26% 11/16/22(3130ACR30)

11/13/2017 2.32 40,948.00 −49,119.95 1.34 1,715,880.0597.217 1,765,000.00 1,765,000.00FHLMC 2.32% 11/28/22(3134GB4D1)CALLABLE 02/28/2019

11/28/2017 2.55 6,225.00 −10,502.82 .19 237,874.6895.532 248,377.50 249,000.00WELLS FARGO 2.50% 12/08/22(949763LR5)

11/29/2017 2.38 29,640.00 −27,094.08 .95 1,220,905.9297.829 1,248,000.00 1,248,000.00FHLB 2.375% 12/13/22(3134GB6J6)CALLABLE 12/13/2018

12/15/2017 2.57 6,225.00−8,203.84 .19 239,978.7396.377 248,182.57 249,000.00I&C COMM BK CHINA2.50% 12/20/22(45581EAP6)

12/13/2017 2.67 6,519.00−7,279.14 .20 238,474.8696.941 245,754.00 246,000.00MERCANTIL 2.65% 12/29/22(58733AET2)

TOTAL MATURITY (0−5 YRS) 92,775,025.83 91,218,930.84 1.97

TOTAL SECURITIES 92,775,025.83 91,218,930.84 1.97

TOTAL ASSETS 129,485,282.38 127,929,187.39

−1,556,094.99 1,704,296.18

−1,556,094.99 1,704,296.18

−1,556,094.99 2,565,429.36 2.08

Page 9 of 9Page 9 of 9

Meeder Public Funds, Inc. is a registered investment adviser with the Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940.

Registration with the SEC does not imply a certain level of skill or training. The opinions expressed in this presentation are those of Meeder Public Funds, Inc.

The material presented has been derived from sources considered to be reliable, but the accuracy and completeness cannot be guaranteed.

Past performance does not guarantee future results. Opinions and forecasts are all subject to change at any time, based on market and other conditions, and

should not be construed as a recommendation of any specific security. Investing in securities involves inherent risks, including the risk that you can lose the

value of your investment. Any forecast, projection, or prediction of the market, the economy, economic trends, and fixed-income markets are based upon

current opinion as of the date of issue, and are also subject to change. Opinions and data presented are not necessarily indicative of future events or

expected performance. Meeder Public Funds, Inc. cannot and does not claim to be able to accurately predict the future investment performance of any

individual security or of any asset class. There is no assurance that the investment process will consistently lead to successful results. The investment return

and principal value of an investment will fluctuate, thus an investor’s shares, or units, when redeemed, may be worth more or less than their original cost.

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Prepared for Portage County