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Meridian Growth Fund® Legacy Class (MERDX)

40.66
Net Asset Value
-0.02%
1 Day
+14.57%
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+2.26% 3 years+11.72%
3 months+7.14% 5 years+13.29%
1 year+19.55% Since inception+12.55%
Data through --

Peer Comparisonvs. Small growth

 MERDXCategory
Performance 5-yr return+13.29%+12.81%
Expense ratio0.86%1.30%
Risk 5 year sharpe ratio1.050.94
Net assets$1.5B$927.0M
Average market cap$3.0B$3.5B
Average P/E28.829.2
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. stock91.67%
Cash4.41%
International stock3.48%
Fixed income0.44%
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
SERV Servicemaster Global Holdings Inc3.04%
-- 2.86%
LPLA LPL Financial Holdings Inc2.42%
ST Sensata Technologies Holding NV2.38%
TNET TriNet Group Inc2.20%
CRI Carter's Inc2.19%
CLH Clean Harbors Inc2.11%
INCR INC Research Holdings Inc2.08%
SBH Sally Beauty Holdings Inc2.07%
CDNS Cadence Design Systems Inc2.06%