Meridian Contrarian Fund Legacy Class (MVALX)
| Fund Assets | 602.10M |
| Expense Ratio | 1.18% |
| Min. Investment | $1,000 |
| Turnover | 45.00% |
| Dividend (ttm) | 5.11 |
| Dividend Yield | 11.09% |
| Dividend Growth | 213.11% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 19, 2025 |
| Previous Close | 45.59 |
| YTD Return | 14.26% |
| 1-Year Return | 23.30% |
| 5-Year Return | 47.81% |
| 52-Week Low | 38.99 |
| 52-Week High | 47.50 |
| Beta (5Y) | 1.07 |
| Holdings | 75 |
| Inception Date | Feb 10, 1994 |
About MVALX
The Meridian Contrarian Legacy Fund is a U.S.-based mutual fund focused on seeking long-term capital growth by investing primarily in small- and mid-sized companies that are considered undervalued or out-of-favor by the market. Employing a contrarian investment approach, the fund prioritizes companies that show signs of depressed valuations but have visible catalysts for sustainable improvement, such as turnaround plans or changes in management. Through rigorous fundamental research, the portfolio management team identifies opportunities where the current market price is disconnected from a company’s intrinsic value. The fund typically maintains a diversified portfolio of around 65 to 75 holdings and is benchmarked against the Russell 2500 Index, with significant exposure across financial services, energy, healthcare, utilities, real estate, technology, and consumer sectors. The Meridian Contrarian Legacy Fund strives to balance risk and return by emphasizing downside risk management and company quality, making it a notable player in the small blend mutual fund category for investors seeking exposure to potential value rebounds in the U.S. equity market.
Performance
MVALX had a total return of 23.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.19%.
Top 10 Holdings
32.51% of assets| Name | Symbol | Weight |
|---|---|---|
| Goldman Sachs Financial Square Government Fund | FGTXX | 8.64% |
| STIT GOVT AND AGENCY INST | n/a | 4.16% |
| Texas Capital Bancshares, Inc. | TCBI | 2.91% |
| Envista Holdings Corporation | NVST | 2.86% |
| First Citizens BancShares, Inc. | FCNCA | 2.53% |
| Regal Rexnord Corporation | RRX | 2.47% |
| California Resources Corporation | CRC | 2.46% |
| CACI International Inc | CACI | 2.32% |
| Sun Communities, Inc. | SUI | 2.08% |
| Constellium SE | CSTM | 2.08% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 19, 2025 | $5.11096 | Dec 19, 2025 |
| Dec 20, 2024 | $1.6323 | Dec 20, 2024 |
| Dec 21, 2023 | $1.98733 | Dec 21, 2023 |
| Dec 21, 2022 | $3.92164 | Dec 21, 2022 |
| Dec 21, 2021 | $6.4937 | Dec 21, 2021 |
| Dec 18, 2020 | $2.05586 | Dec 18, 2020 |