Meridian Growth Legacy
- MERDX
- Price as of: Jun 11, 2021
-
$54.03
N/A N/A
- Primary Theme
- U.S. Small-Cap Growth Equity
- Fund Company
- Meridian
- Share Class
MERDX - Snapshot
Vitals
- YTD Return 13.8%
- 3 Yr Annualized Return 16.0%
- 5 Yr Annualized Return 18.2%
- Net Assets $2.18 B
- Holdings in Top 10 26.8%
52 WEEK LOW AND HIGH
$54.03
$34.86
$55.57
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.85%
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
Fund Classification
-
Primary Theme
U.S. Small-Cap Growth Equity
- Fund Type Open End Mutual Fund
- Investment Style Small Growth
MERDX - Profile
Distributions
- YTD Total Return 13.8%
- 3 Yr Annualized Total Return 16.0%
- 5 Yr Annualized Total Return 18.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.12%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameMeridian Growth Fund®
-
Fund Family NameMeridian
-
Inception DateAug 01, 1984
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerChad Meade
MERDX - Performance
Return Ranking - Trailing
| Period | MERDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.8% | -83.0% | 59.4% | 23.27% |
| 1 Yr | 54.6% | 13.3% | 143.4% | 37.54% |
| 3 Yr | 16.0%* | 3.4% | 56.2% | 62.44% |
| 5 Yr | 18.2%* | -0.5% | 40.2% | 59.12% |
| 10 Yr | 13.0%* | -3.4% | 21.3% | 59.52% |
* Annualized
Return Ranking - Calendar
| Period | MERDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 23.8% | -63.0% | 340.3% | 65.09% |
| 2019 | 16.9% | -22.8% | 48.3% | 71.69% |
| 2018 | -20.3% | -76.3% | 13.6% | 60.35% |
| 2017 | 17.3% | -52.6% | 37.0% | 40.80% |
| 2016 | 15.6% | -56.6% | 25.6% | 13.47% |
Total Return Ranking - Trailing
| Period | MERDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.8% | -83.2% | 59.4% | 23.27% |
| 1 Yr | 54.6% | 10.5% | 143.4% | 33.97% |
| 3 Yr | 16.0%* | 2.5% | 56.2% | 60.26% |
| 5 Yr | 18.2%* | -1.7% | 40.2% | 58.04% |
| 10 Yr | 13.0%* | -3.7% | 21.3% | 58.15% |
* Annualized
Total Return Ranking - Calendar
| Period | MERDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 23.8% | -63.0% | 340.3% | 65.09% |
| 2019 | 16.9% | -22.8% | 48.3% | 71.69% |
| 2018 | -20.3% | -54.2% | 14.5% | 70.26% |
| 2017 | 25.6% | -8.4% | 42.0% | 26.05% |
| 2016 | 16.3% | -56.6% | 31.4% | 16.94% |
NAV & Total Return History
MERDX - Holdings
Concentration Analysis
| MERDX | Category Low | Category High | MERDX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.18 B | 224 K | 36.2 B | 28.08% |
| Number of Holdings | 102 | 6 | 1469 | 49.14% |
| Net Assets in Top 10 | 572 M | 67.8 K | 3.82 B | 27.93% |
| Weighting of Top 10 | 26.84% | 3.4% | 100.0% | 24.57% |
Top 10 Holdings
- J2 Global Inc 3.06%
- ON Semiconductor Corp 3.06%
- Ritchie Bros Auctioneers Inc 2.87%
- Sally Beauty Holdings Inc 2.81%
- Steris PLC 2.80%
- Skechers USA Inc 2.79%
- Forte Biosciences Inc Ordinary Shares 2.55%
- BioTelemetry Inc 2.45%
- Trinet Group Inc 2.44%
- Sensata Technologies Holding PLC 2.42%
Asset Allocation
| Weighting | Return Low | Return High | MERDX % Rank | |
|---|---|---|---|---|
| Stocks | 95.62% | 52.72% | 100.36% | 82.84% |
| Cash | 2.51% | -1.88% | 23.24% | 35.57% |
| Preferred Stocks | 1.44% | 0.00% | 1.92% | 1.56% |
| Other | 0.42% | -1.79% | 24.04% | 13.10% |
| Convertible Bonds | 0.00% | 0.00% | 0.05% | 5.93% |
| Bonds | 0.00% | -0.01% | 1.69% | 7.02% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MERDX % Rank | |
|---|---|---|---|---|
| Healthcare | 26.06% | 0.00% | 61.09% | 54.76% |
| Industrials | 25.03% | 0.00% | 34.65% | 5.30% |
| Technology | 24.48% | 5.29% | 74.93% | 45.40% |
| Consumer Cyclical | 15.13% | 0.00% | 34.43% | 34.32% |
| Financial Services | 3.79% | 0.00% | 42.71% | 80.97% |
| Consumer Defense | 3.04% | 0.00% | 18.08% | 62.56% |
| Communication Services | 2.47% | 0.00% | 18.46% | 38.85% |
| Utilities | 0.00% | 0.00% | 4.67% | 34.79% |
| Real Estate | 0.00% | 0.00% | 13.62% | 82.06% |
| Energy | 0.00% | 0.00% | 64.00% | 56.79% |
| Basic Materials | 0.00% | 0.00% | 11.08% | 84.24% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MERDX % Rank | |
|---|---|---|---|---|
| US | 91.59% | 39.12% | 100.04% | 73.01% |
| Non US | 4.03% | 0.00% | 41.45% | 33.85% |
MERDX - Expenses
Operational Fees
| MERDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.85% | 0.01% | 23.73% | 85.19% |
| Management Fee | 0.76% | 0.00% | 1.50% | 41.25% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 0.80% |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| MERDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 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% | 1.00% | 2.00% | 5.00% |
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% | 0.00% | 442.00% | 35.68% |
MERDX - Distributions
Dividend Yield Analysis
| MERDX | Category Low | Category High | MERDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 7.39% | 8.58% |
Dividend Distribution Analysis
| MERDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| MERDX | Category Low | Category High | MERDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.12% | -8.87% | 1.48% | 17.98% |
Capital Gain Distribution Analysis
| MERDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
MERDX - Fund Manager Analysis
Managers
Chad Meade
Start Date
Tenure
Tenure Rank
Sep 05, 2013
7.74
7.7%
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 Schaub
Start Date
Tenure
Tenure Rank
Sep 05, 2013
7.74
7.7%
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 | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.02 | 29.44 | 8.55 | 4.25 |