MERDX: Meridian Growth Legacy

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MERDX Meridian Growth Legacy


Profile

MERDX - Profile

Vitals

  • YTD Return 1.9%
  • 3 Yr Annualized Return -1.6%
  • 5 Yr Annualized Return 2.4%
  • Net Assets $1.93 B
  • Holdings in Top 10 24.9%

52 WEEK LOW AND HIGH

$39.50
$23.49
$42.26

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


Distributions

  • YTD Total Return 1.9%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 6.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.12%
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
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Chad Meade

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Categories

Performance

MERDX - Performance

Return Ranking - Trailing

Period MERDX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -36.4% 256.3% 62.99%
1 Yr 0.9% -44.5% 206.5% 72.06%
3 Yr -1.6%* -53.1% 33.6% 66.67%
5 Yr 2.4%* -38.3% 18.0% 48.36%
10 Yr 0.3%* -17.7% 14.7% 84.15%

* Annualized

Return Ranking - Calendar

Period MERDX Return Category Return Low Category Return High Rank in Category (%)
2019 16.9% -49.8% 42.9% 70.17%
2018 -20.3% -54.2% 13.6% 55.86%
2017 17.3% -73.6% 36.1% 36.50%
2016 15.6% -49.0% 133.1% 14.72%
2015 -15.6% -70.7% 8.6% 75.05%

Total Return Ranking - Trailing

Period MERDX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -36.4% 256.3% 62.99%
1 Yr 0.9% -44.5% 206.5% 72.06%
3 Yr 0.7%* -23.1% 33.8% 66.31%
5 Yr 6.3%* -17.0% 23.8% 47.34%
10 Yr 9.4%* -8.2% 25.2% 48.78%

* Annualized

Total Return Ranking - Calendar

Period MERDX Return Category Return Low Category Return High Rank in Category (%)
2019 16.9% -49.8% 42.9% 70.17%
2018 -20.3% -54.2% 14.5% 67.07%
2017 25.6% -8.4% 42.0% 23.57%
2016 16.3% -16.4% 133.1% 18.15%
2015 -5.5% -59.6% 19.3% 55.48%

NAV & Total Return History


Holdings

MERDX - Holdings

Concentration Analysis

MERDX Category Low Category High MERDX % Rank
Net Assets 1.93 B 5.05 M 27.9 B 25.40%
Number of Holdings 90 1 2017 65.40%
Net Assets in Top 10 459 M 753 K 2.93 B 21.11%
Weighting of Top 10 24.92% 5.5% 100.0% 29.68%

Top 10 Holdings

  1. Trinet Group Inc 3.30%
  2. ON Semiconductor Corp 2.64%
  3. Skechers USA Inc 2.62%
  4. Hanesbrands Inc 2.52%
  5. Sally Beauty Holdings Inc 2.50%
  6. Pinterest Inc 2.42%
  7. Merit Medical Systems Inc 2.28%
  8. 2U Inc 2.25%
  9. Quidel Corp 2.23%
  10. Steris PLC 2.15%

Asset Allocation

Weighting Return Low Return High MERDX % Rank
Stocks
95.37% 84.02% 100.51% 86.03%
Cash
3.42% -4.85% 14.30% 20.79%
Preferred Stocks
0.83% 0.00% 4.09% 1.75%
Other
0.39% -11.65% 4.75% 10.00%
Convertible Bonds
0.00% 0.00% 0.16% 2.38%
Bonds
0.00% 0.00% 3.66% 3.49%

Stock Sector Breakdown

Weighting Return Low Return High MERDX % Rank
Healthcare
29.85% 0.08% 52.56% 37.94%
Technology
22.02% 2.71% 81.98% 66.67%
Industrials
21.66% 0.00% 33.14% 8.41%
Consumer Cyclical
15.52% 0.00% 32.01% 9.84%
Communication Services
5.65% 0.00% 10.38% 6.35%
Consumer Defense
3.04% 0.00% 18.15% 74.76%
Financial Services
2.28% 0.00% 22.83% 93.02%
Utilities
0.00% 0.00% 5.90% 36.98%
Real Estate
0.00% 0.00% 10.86% 84.29%
Energy
0.00% 0.00% 5.19% 53.33%
Basic Materials
0.00% 0.00% 11.33% 82.54%

Stock Geographic Breakdown

Weighting Return Low Return High MERDX % Rank
US
92.59% 80.02% 100.51% 71.90%
Non US
2.78% 0.00% 12.15% 46.67%

Expenses

MERDX - Expenses

Operational Fees

MERDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.05% 36.03% 88.91%
Management Fee 0.76% 0.05% 1.50% 41.18%
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% 5.00% 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% 10.53%

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% 9.00% 474.00% 35.48%

Distributions

MERDX - Distributions

Dividend Yield Analysis

MERDX Category Low Category High MERDX % Rank
Dividend Yield 0.00% 0.00% 27.38% 5.71%

Dividend Distribution Analysis

MERDX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

MERDX Category Low Category High MERDX % Rank
Net Income Ratio -0.12% -2.35% 1.11% 22.49%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MERDX - Fund Manager Analysis

Managers

Chad Meade


Start Date

Tenure

Tenure Rank

Sep 05, 2013

6.99

7.0%

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

6.99

7.0%

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
0.09 29.09 8.3 3.5