Meridian Small Cap Growth Fund Investor Shares (MISGX)
| Fund Assets | 339.66M |
| Expense Ratio | 1.26% |
| Min. Investment | $2,500 |
| Turnover | 42.00% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 1.97% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 20, 2024 |
| Previous Close | 12.69 |
| YTD Return | -6.62% |
| 1-Year Return | 6.65% |
| 5-Year Return | 38.80% |
| 52-Week Low | 10.26 |
| 52-Week High | 14.14 |
| Beta (5Y) | 1.02 |
| Holdings | 96 |
| Inception Date | Dec 16, 2013 |
About MISGX
The Meridian Small Cap Growth Fund Investor Shares is an actively managed mutual fund that focuses on capital appreciation through investments primarily in U.S. small-capitalization growth companies. Launched in December 2013, the fund employs a rigorous, research-driven investment process, seeking high-quality companies with solid business models, durable competitive advantages, and significant barriers to entry. Its strategy mandates that at least 80% of assets are allocated to equity securities of small-cap firms, which positions the fund to benefit from the innovative and high-growth potential of emerging businesses. The portfolio is diversified across a broad array of sectors, reflecting the dynamic nature of the U.S. small-cap market. Managed by an experienced team, the fund emphasizes disciplined risk management and downside protection within its portfolio construction. Benchmarking itself against the Russell 2000 Growth Index, the fund has demonstrated the ability to outperform the index over longer time horizons, underscoring its role as a growth-oriented vehicle for investors seeking exposure to smaller, faster-growing U.S. companies within their broader investment portfolios.
Performance
MISGX had a total return of 6.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.42%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FECGX | Fidelity | Fidelity Small Cap Growth Index Fund | 0.05% |
| FCIGX | Fidelity | Fidelity Advisor Small Cap Growth Fund - Class I | 1.07% |
| FCPGX | Fidelity | Fidelity Small Cap Growth Fund | 1.05% |
| FCTGX | Fidelity | Fidelity Advisor Small Cap Growth Fund - Class M | 1.58% |
| FCCGX | Fidelity | Fidelity Advisor Small Cap Growth Fund - Class C | 2.08% |
Top 10 Holdings
27.31% of assets| Name | Symbol | Weight |
|---|---|---|
| Turning Point Brands, Inc. | TPB | 3.83% |
| CarGurus, Inc. | CARG | 2.84% |
| EVOLVE VACATION RENTAL NETWORK INC. | n/a | 2.82% |
| Mirion Technologies, Inc. | MIR | 2.81% |
| Veracyte, Inc. | VCYT | 2.67% |
| Consensus Cloud Solutions, Inc. | CCSI | 2.64% |
| STIT GOVT AND AGENCY INST | n/a | 2.54% |
| Waystar Holding Corp. | WAY | 2.46% |
| Alight, Inc. | ALIT | 2.46% |
| Viper Energy, Inc. | VNOM | 2.24% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2024 | $0.24973 | Dec 20, 2024 |
| Dec 21, 2022 | $1.52935 | Dec 21, 2022 |
| Dec 18, 2020 | $0.3934 | Dec 18, 2020 |
| Dec 20, 2019 | $0.92538 | Dec 20, 2019 |
| Dec 20, 2018 | $1.77996 | Dec 20, 2018 |
| Dec 20, 2017 | $0.66759 | Dec 20, 2017 |