Meridian Growth Fund® Legacy Class (MERDX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
34.93
-0.50 (-1.41%)
Jul 7, 2025, 4:00 PM EDT
3.01%
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.

Fund Family Meridian
Category Small Growth
Stock Exchange NASDAQ
Ticker Symbol MERDX
Share Class Legacy Class
Index Russell 2500 Growth TR

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%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol Share Class Expense Ratio
MRRGX Institutional Class 0.88%
MRIGX Investor Class 0.97%
MRAGX Class A 1.21%
MRCGX Class C 1.92%

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%
View More Holdings