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MRAEX Meridian Enhanced Equity A

  • Fund
  • MRAEX
  • Price as of: Apr 22, 2019
  • $17.12
  • + $0.03
  • + 0.18%
  • Category
  • Large Cap Value Equities

MRAEX - Profile

Vitals

  • YTD Return 22.0%
  • 3 Yr Annualized Return 20.6%
  • 5 Yr Annualized Return 11.5%
  • Net Assets $61.2 M
  • Holdings in Top 10 37.4%

52 WEEK LOW AND HIGH

$17.12
$12.81
$19.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.78%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 49.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

N/A

Investment Themes

CATEGORY

Large Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 22.0%
  • 3 Yr Annualized Total Return 18.3%
  • 5 Yr Annualized Total Return 10.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.11%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Meridian Enhanced Equity Fund®
  • Fund Family Name Meridian
  • Inception Date Nov 15, 2013
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Minyoung Sohn

Fund Description

The fund will invest at least 80% of its net assets in long or short positions in equity securities. Equity securities include, but are not limited to, common and preferred stocks as well as convertible securities, such as options, in domestic and foreign companies. It may invest up to 25% of its total assets, calculated at the time of purchase, in securities of foreign companies, including emerging market companies.

MRAEX - Performance

Return Ranking - Trailing

Period MRAEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 22.0% -83.3% 26.1% 1.06% 1
1 Yr 20.0% -47.2% 35.5% 2.78% 1
3 Yr 20.6% * -15.3% 21.0% 0.30% 1
5 Yr 11.5% * -14.4% 15.6% 6.03% 1
10 Yr 16.0% * -1.6% 18.8% 1.99% 1

* Annualized


Return Ranking - Calendar

Period MRAEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -11.5% -92.8% 22.8% 28.18% 2
2017 26.0% -22.6% 138.1% 1.21% 1
2016 10.2% -25.2% 180.5% 41.11% 3
2015 -5.4% -47.3% 33.9% 29.55% 2
2014 -13.5% -46.4% 33.6% 90.91% 5

Total Return Ranking - Trailing

Period MRAEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 22.0% -100.0% 26.1% 1.06% 1
1 Yr 13.1% -51.7% 110.4% 7.58% 1
3 Yr 18.3% * -11.2% 21.0% 0.40% 1
5 Yr 10.2% * -5.3% 15.6% 9.36% 1
10 Yr 15.3% * 2.0% 18.8% 4.45% 1

* Annualized


Total Return Ranking - Calendar

Period MRAEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -11.5% -92.8% 22.8% 29.29% 2
2017 26.0% -22.5% 138.1% 1.31% 1
2016 10.2% -22.9% 187.5% 58.14% 3
2015 -1.4% -26.0% 70.7% 30.33% 2
2014 4.8% -21.5% 70.0% 91.65% 5

NAV & Total Return History

MRAEX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

MRAEX Category Low Category High MRAEX % Rank Quintile
Net Assets 61.2 M 98.9 K 113 B 29.12% 5
Number of Holdings 56 1 1797 12.46% 4
Net Assets in Top 10 18.1 M 0 34.8 B 29.21% 5
Weighting of Top 10 37.4% 0.0% 100.1% 5.80% 1

Top 10 Holdings

  1. Microsoft Corp 4.19%
  2. Roku Inc Class A 4.68%
  3. Amazon.com Inc 4.12%
  4. California Resources Corp 3.15%
  5. Best Buy Co Inc 3.28%
  6. Exact Sciences Corp 3.57%
  7. Royal Gold Inc 4.19%
  8. Vertex Pharmaceuticals Inc 3.57%
  9. Alphabet Inc A 3.41%
  10. Cheniere Energy Inc 3.28%

Asset Allocation

Weighting Category Low Category High MRAEX % Rank Quintile
Stocks
74.71% 0.00% 117.79% 27.12% 5
Cash
25.29% -17.79% 100.00% 0.95% 1
Preferred Stocks
0.00% 0.00% 14.97% 4.47% 3
Other
0.00% -0.77% 16.94% 5.52% 3
Convertible Bonds
0.00% 0.00% 77.39% 1.43% 2
Bonds
0.00% -0.04% 66.56% 4.66% 3

Stock Sector Breakdown

Weighting Category Low Category High MRAEX % Rank Quintile
Technology
22.28% 0.00% 28.73% 1.24% 1
Healthcare
14.04% 0.00% 29.91% 13.06% 3
Energy
8.97% 0.00% 25.19% 18.30% 3
Consumer Cyclical
7.39% 0.00% 45.21% 16.97% 3
Communication Services
6.05% 0.00% 13.11% 5.72% 2
Financial Services
5.14% 0.00% 40.84% 31.46% 5
Basic Materials
4.94% 0.00% 17.14% 6.01% 1
Consumer Defense
1.88% 0.00% 33.87% 29.55% 5
Utilities
0.00% 0.00% 71.13% 25.74% 5
Real Estate
0.00% 0.00% 32.01% 21.64% 5
Industrials
0.00% 0.00% 37.45% 30.41% 5

Stock Geographic Breakdown

Weighting Category Low Category High MRAEX % Rank Quintile
US
73.27% 0.00% 117.79% 29.59% 5
Non US
1.44% 0.00% 99.26% 24.45% 5

MRAEX - Expenses

Operational Fees

MRAEX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.78% 0.03% 21.67% 8.94% 5
Management Fee 0.86% 0.00% 1.20% 1.43% 5
12b-1 Fee 0.25% 0.00% 1.00% 2.14% 2
Administrative Fee N/A 0.00% 0.50% N/A N/A

Sales Fees

MRAEX Fees (% of AUM) Category Low Category High MRAEX Rank Quintile
Front Load 5.75% 1.00% 5.75% 0.57% 4
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

MRAEX Fees (% of AUM) Category Low Category High MRAEX Rank Quintile
Max Redemption Fee 2.00% 0.50% 2.00% 0.98% 3

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.

MRAEX Fees (% of AUM) Category Low Category High MRAEX Rank Quintile
Turnover 49.00% 0.00% 258.00% 9.32% 3

MRAEX - Distributions

Dividend Yield Analysis

MRAEX Category Low Category High MRAEX % Rank Quintile
Dividend Yield 0.2% 0.00% 5.58% 58.08% 4

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

MRAEX Category Low Category High MRAEX % Rank Quintile
Net Income Ratio -0.11% -2.85% 3.34% 25.98% 5

Capital Gain Distribution Analysis

MRAEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

MRAEX - Managers

Minyoung Sohn

Manager

Start Date

Oct 31, 2014

Tenure

4.42

Tenure Rank

10.5%

Minyoung Sohn, CFA , employed by Arrowpoint Asset Management, LLC as a principal and portfolio manager since 2008. He focused on a broad range of sectors as an equity research analyst (1998 to 2004) and portfolio manager (2004-2007) at Janus Capital Management LLC. He graduated cum laude from Dartmouth College with a Bachelor’s degree in Government and Economics


Tenure Analysis

Category Low

0.0

Category High

35.3

Category Average

7.33

Category Mode

4.3