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MERDX Meridian Growth Legacy

  • Fund
  • MERDX
  • Price as of: May 23, 2019
  • $37.96 - $0.68 - 1.76%
  • Category
  • Mid Cap Growth Equities

MERDX - Profile

Vitals

  • YTD Return 14.5%
  • 3 Yr Annualized Return 5.8%
  • 5 Yr Annualized Return 1.1%
  • Net Assets $2 B
  • Holdings in Top 10 22.8%

52 WEEK LOW AND HIGH

$37.96
$31.12
$47.87

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.86%

SALES FEES

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

BROKERAGE FEES

  • Turnover 47.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

Closed to new investors as of Mar 03, 2014

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 14.5%
  • 3 Yr Annualized Total Return 8.5%
  • 5 Yr Annualized Total Return 7.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.23%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 (%)
YTD 14.5% -22.6% 30.8% 74.76%
1 Yr -14.7% -45.4% 17.4% 72.49%
3 Yr 5.8%* -24.5% 26.1% 35.26%
5 Yr 1.1%* -28.9% 15.2% 44.16%
10 Yr 3.6%* -10.4% 18.0% 80.72%

* Annualized


Return Ranking - Calendar

Period MERDX Return Category Return Low Category Return High Rank in Category (%)
2018 -20.3% -52.1% 9.2% 66.16%
2017 17.3% -38.9% 36.0% 36.69%
2016 15.6% -61.7% 27.9% 1.36%
2015 -15.6% -82.5% 12.2% 85.27%
2014 -2.3% -23.5% 17.9% 46.28%

Total Return Ranking - Trailing

Period MERDX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.5% -22.6% 30.8% 74.76%
1 Yr -14.7% -45.4% 26.3% 85.20%
3 Yr 8.5%* -14.5% 27.5% 55.11%
5 Yr 7.4%* -21.6% 17.9% 44.55%
10 Yr 13.0%* -6.3% 20.7% 45.48%

* Annualized


Total Return Ranking - Calendar

Period MERDX Return Category Return Low Category Return High Rank in Category (%)
2018 -20.3% -51.7% 12.2% 78.71%
2017 25.6% -7.0% 56.2% 27.38%
2016 16.3% -61.7% 27.9% 2.71%
2015 -5.5% -54.0% 12.2% 68.22%
2014 9.7% -23.5% 18.1% 22.33%

NAV & Total Return History

MERDX - Holdings

Concentration Analysis

MERDX Category Low Category High MERDX % Rank
Net Assets 2 B 1.44 M 32.8 B 34.91%
Number of Holdings 97 7 2229 30.93%
Net Assets in Top 10 446 M 607 K 6.08 B 33.02%
Weighting of Top 10 22.78% 6.7% 93.6% 53.89%

Top 10 Holdings

  1. Skechers USA Inc 2.79%

  2. Grand Canyon Education Inc 2.77%

  3. Hanesbrands Inc 2.39%

  4. LogMeIn Inc 2.32%

  5. Clean Harbors Inc 2.24%

  6. Trimble Inc 2.22%

  7. Sensata Technologies Holding PLC 2.20%

  8. Sally Beauty Holdings Inc 2.01%

  9. Kirby Corp 2.00%

  10. MSC Industrial Direct Co Inc Class A 1.83%


Asset Allocation

Weighting Return Low Return High MERDX % Rank
Stocks
90.89% 5.68% 128.37% 90.32%
Cash
8.31% -28.36% 90.76% 8.16%
Other
0.81% -9.13% 12.79% 9.87%
Preferred Stocks
0.00% 0.00% 8.95% 14.42%
Convertible Bonds
0.00% 0.00% 8.41% 8.54%
Bonds
0.00% 0.00% 60.37% 9.87%

Stock Sector Breakdown

Weighting Return Low Return High MERDX % Rank
Technology
27.65% 0.00% 64.91% 50.09%
Industrials
26.51% 0.00% 40.82% 3.98%
Healthcare
15.39% 0.00% 35.79% 42.88%
Consumer Cyclical
14.76% 1.18% 47.93% 52.75%
Financial Services
2.82% 0.00% 42.38% 94.50%
Consumer Defense
2.77% 0.00% 16.94% 63.76%
Real Estate
0.46% 0.00% 41.91% 82.73%
Utilities
0.00% 0.00% 11.40% 34.91%
Energy
0.00% 0.00% 14.77% 76.66%
Communication Services
0.00% 0.00% 18.08% 65.65%
Basic Materials
0.00% 0.00% 13.91% 85.58%

Stock Geographic Breakdown

Weighting Return Low Return High MERDX % Rank
US
89.99% 5.51% 123.87% 74.00%
Non US
0.90% 0.00% 25.73% 86.53%

MERDX - Expenses

Operational Fees

MERDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.86% 0.07% 6.14% 82.92%
Management Fee 0.76% 0.06% 1.50% 58.25%
12b-1 Fee 0.00% 0.00% 1.00% 2.18%
Administrative Fee N/A 0.01% 0.72% N/A

Sales Fees

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

Trading Fees

MERDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.05% 2.00% 6.94%

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 Return Low Category Return High Rank in Category (%)
Turnover 47.00% 1.85% 495.00% 50.28%

MERDX - Distributions

Dividend Yield Analysis

MERDX Category Low Category High MERDX % Rank
Dividend Yield 0.00% 0.00% 0.05% 21.63%

Dividend Distribution Analysis

MERDX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History


Net Income Ratio Analysis

MERDX Category Low Category High MERDX % Rank
Net Income Ratio -0.23% -2.55% 4.79% 41.37%

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

Tenure

Tenure Rank

Sep 05, 2013

5.65

5.7%

Mr. Meade, Portfolio Manager, joined Arrowpoint Asset Management, LLC in May 2013. Mr. Prior to joining Arrowpoint, Mr. Meade served as an Equity Research Analyst, Co-Portfolio Manager and Executive Vice President AT Janus Capital (2001-2013). 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

Tenure

Tenure Rank

Sep 05, 2013

5.65

5.7%

Mr. Schaub, Portfolio Manager, joined Arrowpoint in May 2013. Prior to joining Arrowpoint, Mr. Schaub served as an Equity Research Analyst, Co-Portfolio Manager and Executive Vice President at Janus Capital (2000-2013). 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

33.21

Category Average

8.53

Category Mode

8.67