Meeder Public Funds - 1/28/2026 ME EDER
Investment Advisory Agreement
Meeder Public Funds
This Investment Advisory Agreement ("Agreement") is effective as of the date executed by and between
Meeder Public Funds, Inc. ("Meeder"), its applicable affiliates, and the undersigned account owner("Client").
1. Investment Management Services. Under this Agreement, Meeder provides non-discretionary investment
management services for public entity clients in accordance with the terms of the applicable state investment code
and investment policy.
2. Appointment. 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. Trading Authorization. Decisions concerning investments in the Account shall be made by Client with the
assistance of Meeder. When expressly instructed by Client, Meeder shall have authority as agent and attorney-in-
fact to direct the purchase, sale, exchange, conversion, delivery or other acquisition or disposition of securities and
other investments in the Account in conformance with any written criteria Client may provide to Meeder from time to
time.
4. 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.
5. 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 modifications to these directions, which shall be given ten days in advance of any such change.
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. Fees. For the services provided in accordance with this Agreement, Client will pay an investment advisory
fee as indicated on Schedule A to this Agreement. Investment advisory fees do not include custody fees charged
MPF Investment Advisory Agreement—MPF 002(Rev 5-25)
by Client's selected Custodian. Where Client has elected to have fees deducted, Client authorizes the Custodian to
deduct fees from the Account and pay them to Meeder.
9. 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
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.
10. 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.
11. 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.
12. 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.
13. 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.
14. 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.
15. 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.
16. 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.
17. Meeder's Representations. Meeder represents that it is a registered investment adviser under the
Investment Advisers Act of 1940.
MPF Investment Advisory Agreement—MPF 002(Rev 5-25) Page 2
Jason Headings
Sr. Vice President
02/04/2026
MEE D E R
Meeder Public Funds
Schedule of Fees
This schedule sets forth the standard annual investment advisory fee applicable to the Account under this
Agreement.
Flat Fee
For the services provided in accordance with this Agreement, Client shall pay Meeder an annual
investment advisory fee ("Fee")of$25,000, billed monthly in arrears in equal installments of$2,083.33. If this
Agreement commences or terminates at any time other than at the beginning or end of a period, the first or last fee
shall be prorated accordingly.
MPF Investment Advisory Agreement—MPF 002(Rev 5-25) Schedule A