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
| MERDX | Category | |
|---|---|---|
| Performance 5-yr return | +11.37% | +8.28% |
| Expense ratio | 0.85% | 1.24% |
| Risk 5 year sharpe ratio | 0.58 | 0.60 |
| Net assets | $1.9B | $1.3B |
| Average market cap | $3.8B | $4.8B |
| Average P/E | 21.4 | 32.1 |
| Portfolio turnover | 47% | 47% |
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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 | 92.59% |
| Cash | 3.42% |
| International stock | 2.78% |
| Other | 0.83% |
| Fixed income | 0.39% |
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
| TNET TriNet Group Inc | 3.30% |
| ON ON Semiconductor Corp | 2.64% |
| SKX Skechers USA Inc | 2.62% |
| HBI HanesBrands Inc | 2.52% |
| SBH Sally Beauty Holdings Inc | 2.50% |
| PINS Pinterest Inc | 2.42% |
| MMSI Merit Medical Systems Inc | 2.28% |
| TWOU 2U Inc | 2.25% |
| QDEL Quidel Corp | 2.23% |
| STE Steris plc | 2.15% |
