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Meridian Growth Fund® Legacy Class (MERDX)

36.58
Net Asset Value
-0.76%
1 Day
+0.58%
Year-to-Date
Overall Morningstar Rating
Small growth
Style or Category
No Load
Sales Expenses
0.86%
Expense Ratio
Low
Morningstar Risk Rating™
Investment Objective The investment seeks long-term growth of capital. Under normal circumstances, the fund emphasizes small- and mid-capitalization growth companies that the Investment Adviser believes may have prospects for above-average growth in revenues and earnings because of many factors, including high sales growth, high unit growth, industry growth, high or improving returns on assets and equity and a strong balance sheet. It may invest up to 25% of its total assets, calculated at the time of purchase, in securities of foreign companies, including emerging market companies.

Performance

1 month-2.12% 3 years+14.82%
3 months+0.11% 5 years+14.57%
1 year+12.64% Since inception+12.75%
Data through --

Peer Comparisonvs. Small growth

 MERDXCategory
Performance 5-yr return+14.57%+17.65%
Expense ratio0.86%1.37%
Risk 5 year sharpe ratio1.161.05
Net assets$2.0B$835.3M
Average market cap$3.0B$2.9B
Average P/E29.028.2
Portfolio turnover96%96%

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Fund Management and Purchase Info

Fund familyMeridian
Fund manager & tenureChad Meade / 1 Years
Minimal initial investment$1,000.00
Minimum IRA investment--

Holdings

U.S. stock88.52%
Cash8.36%
International stock3.12%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Consumer service 20.21%
Financial service 11.56%
Industrial materials 11.36%
Hardware 10.74%
Business service 9.19%
Top 10 Holdings
Portfolio weighting
CLH Clean Harbors Inc2.93%
CDNS Cadence Design Systems Inc2.75%
HEIA Heico Corp2.70%
LPLA LPL Financial Holdings Inc2.66%
SLH Solera Holdings Inc2.54%
CRI Carter's Inc2.46%
SWI SolarWinds, Inc. 2.37%
ST Sensata Technologies Holding NV2.15%
CEB CEB Inc2.13%
NCMI National CineMedia Inc2.11%