Meridian Growth Fund® Legacy Class (MERDX)
| 41.36 Net Asset Value | -0.58% 1 Day | +24.73% Year-to-Date | Overall Morningstar Rating |
| Small growth Style or Category | No Load Sales Expenses | 0.85% Expense Ratio | Below Average 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 | +1.17% | 3 years | +12.29% | |
| 3 months | +7.09% | 5 years | +10.34% | |
| 1 year | +16.17% | Since inception | +12.46% |
Data through --
Peer Comparisonvs. Small growth
| MERDX | Category | |
|---|---|---|
| Performance 5-yr return | +10.34% | +9.63% |
| Expense ratio | 0.85% | 1.24% |
| Risk 5 year sharpe ratio | 0.68 | 0.60 |
| Net assets | $2.2B | $1.2B |
| Average market cap | $3.6B | $3.8B |
| Average P/E | 20.5 | 27.8 |
| Portfolio turnover | 35% | 35% |
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Fund Management and Purchase Info
| Fund family | Meridian |
| Fund manager & tenure | Chad Meade / 6 Years |
| Minimal initial investment | $1,000.00 |
| Minimum IRA investment | -- |
Holdings
| U.S. stock | 87.42% |
| Cash | 9.83% |
| International stock | 1.78% |
| Fixed income | 0.78% |
| Other | 0.19% |
Top 5 SectorsPortfolio weighting
| Consumer service | 20.21% |
| Financial service | 11.56% |
| Industrial materials | 11.36% |
| Hardware | 10.74% |
| Business service | 9.19% |
Top 10 HoldingsPortfolio weighting
| LOGM LogMeIn Inc | 3.16% |
| HBI HanesBrands Inc | 3.07% |
| SKX Skechers USA Inc | 2.68% |
| ST Sensata Technologies Holding PLC | 2.51% |
| SBH Sally Beauty Holdings Inc | 2.50% |
| CLH Clean Harbors Inc | 2.48% |
| JCOM j2 Global Inc | 2.31% |
| CNK Cinemark Holdings Inc | 1.87% |
| WWD Woodward Inc | 1.79% |
| SWI SolarWinds Corp | 1.75% |
