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MERDX Meridian Growth Legacy

  • Fund
  • MERDX
  • Price as of: Aug 08, 2016
  • $34.93
  • - $0.08
  • - 0.23%
  • Category
  • Mid Cap Growth Equities

MERDX - Profile

Vitals

  • YTD Return 13.8%
  • 3 Yr Annualized Return 8.8%
  • 5 Yr Annualized Return 11.0%
  • Net Assets $1.31 B
  • Holdings in Top 10 23.7%

52 WEEK LOW AND HIGH

$34.93
$26.72
$36.05

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.84%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 46.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

Closed to new investors as of 2014-03-03

STANDARD (TAXABLE)

$1,000

IRA

N/A

Investment Themes

CATEGORY

Mid Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Small Growth

Distributions

  • YTD Total Return 13.8%
  • 3 Yr Annualized Total Return 8.8%
  • 5 Yr Annualized Total Return 11.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.41%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Meridian Growth Fund®
  • Fund Family Name Meridian
  • Inception Date Aug 01, 1984
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Chad Meade

MERDX - Performance

Return Ranking - Trailing

Period MERDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 13.8% -59.7% 14.3% 0.45% 1
1 Yr 4.7% -19.6% 21.1% 7.45% 1
3 Yr 8.8% * -1.9% 13.7% 33.33% 2
5 Yr 11.0% * 0.3% 17.8% 29.33% 2
10 Yr 9.5% * 1.0% 13.0% 16.67% 1

* Annualized


Return Ranking - Calendar

Period MERDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -15.6% -82.5% 12.2% 82.85% 5
2014 N/A -14.4% 11.1% N/A N/A
2013 N/A 22.6% 52.2% N/A N/A
2012 N/A 10.5% 21.2% N/A N/A
2011 N/A -8.7% -2.4% N/A N/A

Total Return Ranking - Trailing

Period MERDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 13.8% -59.7% 14.3% 0.31% 1
1 Yr 4.7% -23.7% 18.3% 6.26% 1
3 Yr 8.8% * -3.0% 13.7% 30.57% 2
5 Yr 11.0% * -0.1% 17.8% 26.59% 2
10 Yr 9.5% * 1.0% 13.0% 16.10% 1

* Annualized


Total Return Ranking - Calendar

Period MERDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -15.6% -82.5% 12.2% 82.80% 5
2014 N/A -12.6% 11.1% N/A N/A
2013 N/A 33.8% 56.3% N/A N/A
2012 N/A 21.6% 21.9% N/A N/A
2011 N/A -5.7% -0.5% N/A N/A

NAV & Total Return History

MERDX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

MERDX Category Low Category High MERDX % Rank Quintile
Net Assets 1.31 B 281 K 24.3 B 10.10% 2
Number of Holdings 91 3 2247 8.02% 2
Net Assets in Top 10 296 M 84.9 K 4.26 B 9.06% 2
Weighting of Top 10 23.7% 6.1% 114.7% 18.13% 3

Top 10 Holdings

  1. Cadence Design Systems Inc 2.90%
  2. Clean Harbors Inc 2.93%
  3. National CineMedia Inc 2.59%
  4. ServiceMaster Global Holdings Inc 2.74%
  5. Sally Beauty Holdings Inc 2.68%
  6. CEB Inc 1.99%
  7. Carter's Inc 2.00%
  8. Demandware Inc 2.05%
  9. Sensata Technologies Holding N.V. 1.97%
  10. Heartland Express Inc 1.83%

Asset Allocation

Weighting Category Low Category High MERDX % Rank Quintile
Stocks
95.56% 15.06% 129.31% 19.91% 4
Cash
4.36% -29.52% 61.28% 8.62% 2
Other
0.08% -10.78% 79.22% 9.21% 2
Convertible Bonds
0.00% 0.00% 2.46% 1.34% 3
Preferred Stocks
0.00% 0.00% 4.08% 2.38% 3
Bonds
0.00% 0.00% 57.07% 2.08% 3

Stock Sector Breakdown

Weighting Category Low Category High MERDX % Rank Quintile
Industrials
27.45% 0.00% 37.21% 2.53% 1
Technology
23.24% 0.00% 50.72% 6.09% 1
Consumer Cyclical
18.38% 0.00% 46.86% 16.34% 3
Healthcare
17.11% 0.00% 37.79% 8.92% 2
Financial Services
5.04% 0.00% 29.03% 22.73% 4
Consumer Defense
1.70% -0.01% 60.63% 27.93% 5
Real Estate
1.66% 0.00% 30.46% 20.80% 4
Basic Materials
0.52% -0.01% 10.74% 26.75% 5
Energy
0.47% 0.00% 12.68% 23.48% 5
Communication Services
0.00% 0.00% 15.92% 19.17% 5
Utilities
0.00% -0.01% 14.29% 8.77% 4

Stock Geographic Breakdown

Weighting Category Low Category High MERDX % Rank Quintile
US
92.27% 14.94% 120.97% 20.95% 4
Non US
3.29% 0.00% 26.42% 15.60% 3

MERDX - Expenses

Operational Fees

MERDX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.84% 0.08% 111.05% 26.97% 1
Management Fee 0.76% 0.05% 1.50% 3.42% 3
12b-1 Fee 0.00% 0.00% 1.00% 5.01% 1
Administrative Fee N/A 0.00% 25000.00% N/A N/A

Sales Fees

MERDX Fees (% of AUM) Category Low Category High MERDX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

MERDX Fees (% of AUM) Category Low Category High MERDX Rank Quintile
Max Redemption Fee 2.00% 0.05% 2.00% 1.16% 4

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MERDX Fees (% of AUM) Category Low Category High MERDX Rank Quintile
Turnover 46.00% 0.00% 611.00% 14.61% 3

MERDX - Distributions

Dividend Yield Analysis

MERDX Category Low Category High MERDX % Rank Quintile
Dividend Yield 0.2% 0.00% 5.39% 20.89% 2

Dividend Distribution Analysis

MERDX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MERDX Category Low Category High MERDX % Rank Quintile
Net Income Ratio -0.41% -2.29% 6.10% 16.24% 3

Capital Gain Distribution Analysis

MERDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

MERDX - Managers

Chad Meade

Manager

Start Date

Sep 05, 2013

Tenure

2.9

Tenure Rank

13.3%

Chad is a Partner and Portfolio Manager at Arrowpoint Partners and has 14 years of experience in the financial industry. He previously served as the Co-Portfolio Manager and Executive Vice President of the Janus Triton Fund (2006-2013) and the Janus Venture Fund (2010-2013). While an equity research analyst at Janus Capital (2001-2011), he focused on small and mid capitalization stocks in the healthcare and industrials sectors. Prior to joining Janus Capital, he was a financial analyst for Goldman Sachs’ global investment research team. Chad graduated summa cum laude from Virginia Tech with a bachelor’s degree in Finance and was a member of the Omicron Delta Kappa Honor Society.


Brian A. Schaub

Manager

Start Date

Sep 05, 2013

Tenure

2.9

Tenure Rank

13.3%

Brian is a Partner and Portfolio Manager at Arrowpoint Partners and has 13 years of experience in the financial industry. He previously served as the Co-Portfolio Manager and Executive Vice President of the Janus Triton Fund (2006-2013) and the Janus Venture Fund (2010-2013). During his time as an equity research analyst at Janus Capital (2000-2011), he focused on small and mid capitalization stocks in the communications sector. Brian graduated cum laude from Williams College with a bachelor’s degree in Economics and won the Arthur B. Graves, Class of 1858, Essay Prize in Economics for his work on Dell Computer. He holds the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

47.1

Category Average

7.27

Category Mode

1.6