April 28, 2023

Meeder Funds

6125 Memorial Drive

Dublin, Ohio 43017

Ladies and Gentlemen:

This letter is in response to your request for our opinion in connection with the filing of Post-Effective Amendment No. 110 to the Registration Statement, File Nos. 002-85378 and 811-03462 (the "Registration Statement"), of Meeder Funds (the "Trust").

We have examined a copy of the Trust's Declaration of Trust, the Trust's By-laws, the Trust's record of the various actions by the Trustees thereof, and all such agreements, certificates of public officials, certificates of officers and representatives of the Trust and others, and such other documents, papers, statutes and authorities as we deem necessary to form the basis of the opinion hereinafter expressed. We have assumed the genuineness of the signatures and the conformity to original documents of the copies of such documents supplied to us as copies thereof.

Based upon the foregoing, we are of the opinion that, after Post-Effective Amendment No. 110 is effective for purposes of applicable federal and state securities laws, the shares of each fund listed on the attached Exhibit A (each a “Fund” and collectively, the “Funds”), if issued in accordance with the then current Prospectus and Statement of Additional Information of the applicable Fund, will be legally issued, fully paid and non-assessable.

We hereby give you our permission to file this opinion with the U.S. Securities and Exchange Commission as an exhibit to Post-Effective Amendment No. 110 to the Registration Statement. This opinion may not be filed with any subsequent amendment, or incorporated by reference into a subsequent amendment, without our prior written consent. This opinion is prepared for the Trust and its shareholders, and may not be relied upon by any other person or organization without our prior written approval.

Very truly yours,

/s/ Thompson Hine LLP
Thompson Hine LLP

 

 

April 28, 2023

Page 2

EXHIBIT A

1. Muirfield Fund

2. Spectrum Fund

3. Global Allocation Fund

4. Balanced Fund

5. Moderate Allocation Fund

6. Conservative Allocation Fund

7. Dynamic Allocation Fund

8. Quantex Fund

9. Tactical Income Fund

10. Institutional Prime Money Market Fund