Meridian Growth Fund® Institutional Class (MRRGX)
| Fund Assets | 807.41M |
| Expense Ratio | 0.88% |
| Min. Investment | $1,000,000 |
| Turnover | 33.00% |
| Dividend (ttm) | 0.04 |
| Dividend Yield | 0.12% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 20, 2024 |
| Previous Close | 34.98 |
| YTD Return | -2.69% |
| 1-Year Return | 3.70% |
| 5-Year Return | 30.91% |
| 52-Week Low | 29.41 |
| 52-Week High | 38.94 |
| Beta (5Y) | n/a |
| Holdings | 89 |
| Inception Date | Dec 24, 2014 |
About MRRGX
Meridian Growth Fund Institutional Class is a mutual fund focused on achieving long-term capital growth through investments in U.S. small- and mid-capitalization companies. The fund employs a research-driven approach, seeking out firms with high-quality business models, strong competitive advantages, and substantial market opportunities. Its strategy is rooted in fundamental analysis and disciplined risk management, with an emphasis on downside protection during volatile markets. The fund’s portfolio spans a broad range of growth sectors, including technology, industrials, consumer cyclical, healthcare, and communication services. With a minimum initial investment set at $1 million and an expense ratio that is competitively low for its category, this institutional share class is designed to meet the needs of larger investors. Managed by a team with extensive experience navigating multiple market cycles, the fund uses the Russell 2500 Growth Index as its benchmark, highlighting its focus on small growth equities. Its consistent process and diversified holdings make it a notable player within the small-growth mutual fund segment, aiming to capitalize on dynamic U.S. growth companies over the long term.
Performance
MRRGX had a total return of 3.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.91%.
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% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2024 | $0.04354 | Dec 20, 2024 |
| Dec 21, 2022 | $4.09829 | Dec 21, 2022 |
| Dec 18, 2020 | $0.42137 | Dec 18, 2020 |
| Dec 20, 2019 | $3.54862 | Dec 20, 2019 |
| Dec 20, 2018 | $5.46345 | Dec 20, 2018 |
| Dec 20, 2017 | $2.94248 | Dec 20, 2017 |