Meridian Hedged Equity Fund A Class (MRAEX)

Fund Assets	34.32M
Expense Ratio	1.572%
Min. Investment	$2,500
Turnover	36.00%
Dividend (ttm)	0.16
Dividend Yield	1.16%
Dividend Growth	115.95%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2025

Previous Close	13.69
YTD Return	8.91%
1-Year Return	10.36%
5-Year Return	28.69%
52-Week Low	12.34
52-Week High	13.84
Beta (5Y)	0.66
Holdings	87
Inception Date	Nov 15, 2013

About MRAEX

Meridian Hedged Equity Fund A is a mutual fund designed to provide long-term capital growth while aiming to minimize portfolio volatility. Utilizing a blend of long and opportunistic risk-managed equity exposures, the fund invests at least 80% of its net assets in equity securities, which include common and preferred stocks, as well as convertible securities like options. This strategy allows the fund to take both long and short positions in domestic and international companies, offering diversified access to global equity markets. A key feature of the fund’s approach is its focus on quality growth companies with sustainable competitive advantages, solid management teams, and exposure to attractive end markets. The fund employs covered call option strategies to monetize market volatility and create a margin of safety on the downside, aiming to optimize total return while limiting risk. Its portfolio is constructed based on fundamental research and active management, benchmarking its performance against the S&P 500 Index. As of March 2025, the fund held stakes in 65 companies, with a portfolio tilted toward large-cap equities, and placed strong emphasis on price-to-earnings and price-to-cash-flow metrics in security selection.

• Fund Family: Meridian
• Category: Options Trading
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: MRAEX
• Share Class: Class A
• Index: S&P 500 TR

Performance

MRAEX had a total return of 10.36% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.92%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FCAKX	Fidelity	Fidelity Capital Appreciation K	0.61%
FDCAX	Fidelity	Fidelity Capital Appreciation Fund	0.64%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
MEIFX	Legacy Class	1.27%
MRIEX	Investor Class	1.27%
MRCEX	Class C	2.27%

Top 10 Holdings

57.38% of assets

Name	Symbol	Weight
Goldman Sachs FS Government Instl	FGTXX	16.33%
CrowdStrike Holdings, Inc.	CRWD	8.59%
DraftKings Inc.	DKNG	4.99%
Aurora Innovation, Inc.	AUR	4.78%
Clear Secure, Inc.	YOU	4.67%
Electronic Arts, Inc.	EA	4.31%
Brookfield Asset Management Ltd.	BAM	3.75%
FedEx Corporation	FDX	3.53%
D.R. Horton, Inc.	DHI	3.38%
Fiserv, Inc.	FISV	3.05%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 19, 2025	$0.91392	Dec 19, 2025
Dec 20, 2024	$1.890	Dec 20, 2024
Dec 21, 2023	$0.06026	Dec 21, 2023
Dec 21, 2022	$1.04866	Dec 21, 2022
Dec 18, 2020	$2.14331	Dec 18, 2020
Dec 20, 2019	$5.88282	Dec 20, 2019

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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