Meridian Growth Fund® Legacy Class (MERDX)

39.55
Net Asset Value
+0.05%
1 Day
+1.99%
Year-to-Date
Overall Morningstar Rating
Small growth
Style or Category
No Load
Sales Expenses
0.85%
Expense Ratio
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-0.53% 3 years+9.66%
3 months+9.16% 5 years+11.37%
1 year+9.13% Since inception+12.29%
Data through --

Peer Comparisonvs. Small growth

 MERDXCategory
Performance 5-yr return+11.37%+8.28%
Expense ratio0.85%1.24%
Risk 5 year sharpe ratio0.580.60
Net assets$1.9B$1.3B
Average market cap$3.8B$4.8B
Average P/E21.432.1
Portfolio turnover47%47%

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Fund Management and Purchase Info

Fund familyMeridian
Fund manager & tenureChad Meade / 6 Years
Minimal initial investment$1,000.00
Minimum IRA investment--

Holdings

U.S. stock92.59%
Cash3.42%
International stock2.78%
Other0.83%
Fixed income0.39%
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
TNET TriNet Group Inc3.30%
ON ON Semiconductor Corp2.64%
SKX Skechers USA Inc2.62%
HBI HanesBrands Inc2.52%
SBH Sally Beauty Holdings Inc2.50%
PINS Pinterest Inc2.42%
MMSI Merit Medical Systems Inc2.28%
TWOU 2U Inc2.25%
QDEL Quidel Corp2.23%
STE Steris plc2.15%