Meridian Contrarian Fund Legacy Class (MVALX)

Fund Assets	595.69M
Expense Ratio	1.18%
Min. Investment	$1,000
Turnover	53.00%
Dividend (ttm)	0.14
Dividend Yield	0.33%
Dividend Growth	-26.57%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2025

Previous Close	41.36
YTD Return	5.34%
1-Year Return	4.52%
5-Year Return	32.45%
52-Week Low	38.99
52-Week High	47.50
Beta (5Y)	1.10
Holdings	79
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.

• Fund Family: Meridian
• Category: Small Blend
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: MVALX
• Share Class: Legacy Class
• Index: Russell 2500 TR

Performance

MVALX had a total return of 4.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.81%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
MFCIX	Investor Class	1.21%
MFCAX	Class A	1.47%
MFCCX	Class C	2.25%

Top 10 Holdings

28.19% of assets

Name	Symbol	Weight
Goldman Sachs FS Government Instl	FGTXX	7.61%
Texas Capital Bancshares, Inc.	TCBI	2.59%
Envista Holdings Corporation	NVST	2.57%
Regal Rexnord Corporation	RRX	2.44%
First Citizens BancShares, Inc.	FCNCA	2.42%
Invesco Shrt-Trm Inv Gov&Agcy Instl	AGPXX	2.37%
VSE Corporation	VSEC	2.10%
PDF Solutions, Inc.	PDFS	2.07%
BlackBerry Limited	BB	2.05%
Dollar Tree, Inc.	DLTR	1.96%

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

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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