MERIDIAN CONTRARIAN FUND
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.8%
1 yr return
11.5%
3 Yr Avg Return
0.1%
5 Yr Avg Return
9.0%
Net Assets
$588 M
Holdings in Top 10
29.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.19%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 72.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MFCIX - Profile
Distributions
- YTD Total Return 0.8%
- 3 Yr Annualized Total Return 0.1%
- 5 Yr Annualized Total Return 9.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.28%
- Dividend Yield 0.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMERIDIAN CONTRARIAN FUND
-
Fund Family NameMeridian
-
Inception DateJul 01, 2015
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJames England
Fund Description
MFCIX - Performance
Return Ranking - Trailing
Period | MFCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.8% | -8.1% | 18.6% | 94.75% |
1 Yr | 11.5% | 2.1% | 47.5% | 97.51% |
3 Yr | 0.1%* | -19.7% | 16.1% | 90.60% |
5 Yr | 9.0%* | -1.9% | 20.1% | 55.28% |
10 Yr | 5.3%* | 2.2% | 12.7% | 90.23% |
* Annualized
Return Ranking - Calendar
Period | MFCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.4% | -12.9% | 28.8% | 85.56% |
2022 | -25.4% | -52.6% | 20.1% | 84.31% |
2021 | 9.8% | -43.8% | 32.4% | 56.86% |
2020 | 17.8% | -10.6% | 82.1% | 13.39% |
2019 | 14.4% | -8.5% | 37.5% | 82.97% |
Total Return Ranking - Trailing
Period | MFCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.8% | -8.1% | 18.6% | 94.75% |
1 Yr | 11.5% | 2.1% | 47.5% | 97.51% |
3 Yr | 0.1%* | -19.7% | 16.1% | 90.60% |
5 Yr | 9.0%* | -1.9% | 20.1% | 55.28% |
10 Yr | 5.3%* | 2.2% | 12.7% | 90.23% |
* Annualized
Total Return Ranking - Calendar
Period | MFCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.3% | 1.2% | 31.3% | 80.00% |
2022 | -16.9% | -45.7% | 21.1% | 69.19% |
2021 | 26.1% | -30.2% | 52.8% | 33.71% |
2020 | 23.7% | -8.4% | 84.3% | 8.93% |
2019 | 23.5% | 1.0% | 43.4% | 83.60% |
NAV & Total Return History
MFCIX - Holdings
Concentration Analysis
MFCIX | Category Low | Category High | MFCIX % Rank | |
---|---|---|---|---|
Net Assets | 588 M | 728 K | 160 B | 43.92% |
Number of Holdings | 75 | 1 | 2667 | 53.87% |
Net Assets in Top 10 | 179 M | 155 K | 11.7 B | 34.81% |
Weighting of Top 10 | 29.85% | 4.3% | 100.0% | 29.36% |
Top 10 Holdings
- Goldman Sachs Financial Square Government Fund 5.65%
- First Citizens BancShares Inc/NC 2.96%
- VICI Properties Inc 2.80%
- Perrigo Co PLC 2.75%
- Molson Coors Beverage Co 2.75%
- Cameco Corp 2.73%
- Alexander Baldwin Inc 2.57%
- SMART Global Holdings Inc 2.56%
- Tenet Healthcare Corp 2.54%
- CACI International Inc 2.54%
Asset Allocation
Weighting | Return Low | Return High | MFCIX % Rank | |
---|---|---|---|---|
Stocks | 95.14% | 14.60% | 101.42% | 92.54% |
Cash | 5.65% | 0.00% | 27.80% | 8.56% |
Other | 3.05% | -1.04% | 23.02% | 3.04% |
Preferred Stocks | 0.04% | 0.00% | 14.30% | 4.14% |
Convertible Bonds | 0.00% | 0.00% | 1.78% | 8.56% |
Bonds | 0.00% | 0.00% | 62.14% | 15.19% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MFCIX % Rank | |
---|---|---|---|---|
Technology | 26.82% | 0.00% | 40.65% | 2.49% |
Industrials | 12.19% | 0.00% | 45.89% | 83.93% |
Financial Services | 11.45% | 0.00% | 46.10% | 83.10% |
Real Estate | 9.93% | 0.00% | 25.82% | 18.56% |
Healthcare | 9.62% | 0.00% | 24.06% | 56.51% |
Consumer Cyclical | 9.55% | 2.49% | 46.48% | 73.13% |
Energy | 5.15% | 0.00% | 58.13% | 47.09% |
Consumer Defense | 5.12% | 0.00% | 32.18% | 25.48% |
Basic Materials | 4.56% | 0.00% | 16.35% | 72.58% |
Utilities | 4.54% | 0.00% | 18.97% | 39.61% |
Communication Services | 1.06% | 0.00% | 30.98% | 84.49% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MFCIX % Rank | |
---|---|---|---|---|
US | 95.14% | 14.60% | 101.42% | 87.57% |
Non US | 0.00% | 0.00% | 10.11% | 21.82% |
MFCIX - Expenses
Operational Fees
MFCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.19% | 0.03% | 19.40% | 35.65% |
Management Fee | 1.00% | 0.00% | 1.50% | 94.17% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 1.17% |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
MFCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
MFCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 1.00% | 2.00% | 8.70% |
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.
MFCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 72.00% | 0.00% | 304.00% | 82.35% |
MFCIX - Distributions
Dividend Yield Analysis
MFCIX | Category Low | Category High | MFCIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.43% | 0.00% | 30.04% | 9.12% |
Dividend Distribution Analysis
MFCIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
MFCIX | Category Low | Category High | MFCIX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.28% | -2.06% | 3.38% | 83.33% |
Capital Gain Distribution Analysis
MFCIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 21, 2023 | $1.976 | OrdinaryDividend |
Dec 20, 2019 | $2.776 | OrdinaryDividend |
MFCIX - Fund Manager Analysis
Managers
James England
Start Date
Tenure
Tenure Rank
Dec 31, 2001
20.43
20.4%
James England is a Portfolio Manager at ArrowMark Partners and Co-Portfolio Manager of Meridian Contrarian Fund. He has been Portfolio Manager of the Meridian Contrarian Fund since 2001. James previously worked as an equity derivatives trader at Toronto Dominion Securities, in the equity sales and trading group of Goldman, Sachs & Co. and as a Consumer and Retail Analyst at The Seidler Companies. James received his bachelor’s degree from McGill University and a master's degree in Business Administration from the Ivey School of Business at the University of Western Ontario. He holds the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 38.44 | 7.26 | 5.78 |