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Meridian Growth Fund® Legacy Class (MERDX)

35.66
Net Asset Value
-0.56%
1 Day
+16.19%
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 and 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+7.96% 3 years+7.47%
3 months+2.12% 5 years+11.61%
1 year+11.05% Since inception+12.15%
Data through --

Peer Comparisonvs. Small growth

 MERDXCategory
Performance 5-yr return+11.61%+14.42%
Expense ratio0.86%1.33%
Risk 5 year sharpe ratio0.860.75
Net assets$1.2B$846.2M
Average market cap$2.6B$2.9B
Average P/E27.024.6
Portfolio turnover67%67%

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Fund Management and Purchase Info

Fund familyMeridian
Fund manager & tenureChad Meade / 3 Years
Minimal initial investment$1,000.00
Minimum IRA investment--

Holdings

U.S. stock88.17%
Cash7.76%
International stock3.60%
Fixed income0.46%
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
CDNS Cadence Design Systems Inc2.88%
SERV Servicemaster Global Holdings Inc2.43%
CLH Clean Harbors Inc2.43%
NCMI National CineMedia Inc2.23%
SBH Sally Beauty Holdings Inc2.21%
LPLA LPL Financial Holdings Inc2.19%
ST Sensata Technologies Holding NV2.08%
TWOU 2U Inc2.01%
-- 1.95%
HTLD Heartland Express Inc1.88%