Meridian Growth Fund® Legacy Class (MERDX)
| Fund Assets | 807.41M |
| Expense Ratio | 0.91% |
| Min. Investment | $1,000 |
| Turnover | 33.00% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 35.43 |
| YTD Return | -3.88% |
| 1-Year Return | 3.26% |
| 5-Year Return | 30.44% |
| 52-Week Low | 29.37 |
| 52-Week High | 38.90 |
| Beta (5Y) | 1.04 |
| Holdings | 89 |
| Inception Date | Aug 1, 1984 |
About MERDX
Meridian Growth Fund Legacy Class is an actively managed mutual fund designed to achieve long-term capital growth. It primarily invests in equity securities of small- and mid-capitalization U.S. companies that exhibit above-average revenue and earnings growth. The fund is managed by an experienced team employing a research-driven process, focusing on identifying companies with distinctive business models, robust competitive advantages, and substantial addressable markets. Its investment approach emphasizes disciplined portfolio construction and risk management, seeking quality growth opportunities while aiming to protect against downside risks. Sectors with notable portfolio representation include technology, industrials, healthcare, and consumer cyclical industries. With a history dating back to 1984, the fund is benchmarked to the Russell 2500 Growth Index and holds a diversified portfolio of nearly 90 holdings. Meridian Growth Fund Legacy Class plays a significant role in the financial market by offering investors targeted exposure to the small- and mid-cap growth segment, which can be an important component of diversified equity strategies focused on capital appreciation over the long term.
Performance
MERDX had a total return of 3.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.73%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VEXPX | Vanguard | Vanguard Explorer Fund Investor Class | 0.44% |
Top 10 Holdings
24.62% of assets| Name | Symbol | Weight |
|---|---|---|
| RB Global, Inc. | RBA | 3.61% |
| Euronet Worldwide, Inc. | EEFT | 2.71% |
| Churchill Downs Incorporated | CHDN | 2.51% |
| CarGurus, Inc. | CARG | 2.48% |
| Trimble Inc. | TRMB | 2.44% |
| Ziff Davis, Inc. | ZD | 2.35% |
| Waystar Holding Corp. | WAY | 2.24% |
| Alight, Inc. | ALIT | 2.12% |
| The Cooper Companies, Inc. | COO | 2.09% |
| STERIS plc | STE | 2.08% |