Performance

Meridian Enhanced Equity Fund

Formerly Meridian Equity Income Fund (Effective 11/01/18)

Fund Quarterly Performance as of 09.30.2018 (%)
 3 Month1 Year3 Year5 Year10 YearSince Inception*
A Share Class 4.28 33.58 21.11 13.96 11.08 8.62
C Share Class 4.12 32.92 20.58 13.46 10.94 8.57
Investor Share Class 4.41 33.74 21.37 14.19 11.33 8.87
Legacy Share Class 4.40 34.13 21.57 14.36 11.79 9.40
S&P 500  7.70  17.91 17.29  13.93  11.96  9.08

Performance data quoted represents past performance. Past performance is no guarantee of future results and investment returns and principal value of the Fund will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted. Visit meridianfund.com for current month end performance.

Legacy Class: Legacy class shares of the Fund are no longer available for purchase by new investors, except under certain limited circumstances which are described in the Statement of Additional Information. The annual gross expense ratio is 1.40%; current actual expenses may be higher or lower. The annual net expense ratio is 1.44% after a recoupment of 0.04% is added to the total annual gross expense ratio. 

A Class: Prior to 07.01.2015, the A Class was named Advisor Class. The historical performance shown for periods prior to inception on 11.15.2013 was calculated using historical Legacy class performance as adjusted for estimated class specific expenses for distribution, shareholder servicing and sub-transfer agency fees without consideration to any expense limitation or waivers. The annual gross expense ratio is 1.78% as of 10.31.2018. The annual net expense ratio is 1.84% after a recoupment of 0.06% is added to the overall gross expense ratio as of 10.31.2018. If the class had been offered prior to 11.15.2013, the actual performance and expenses may have differed from the amounts shown. 

C Class: The historical performance shown for periods prior to inception on 07.01.2015 was calculated using historical Legacy class performance as adjusted for estimated class specific expenses, for distribution, shareholder servicing and sub-transfer agency fees, without consideration to any expense limitation or waivers. The annual gross expense ratio is 2.25% as of 10.31.2018. The annual net expense ratio is 2.24% as of 10.31.2018.  If the class had been offered prior to 07.01.2015, the actual performance and expenses may have differed from the amounts shown. 

Investor Class: The historical performance shown for periods prior to inception on 11.15.2013 was calculated using historical Legacy class performance as adjusted for estimated class specific expenses for shareholder servicing and sub-transfer agency fees without consideration to any expense limitation or waivers. The annual gross expense ratio is 1.47% as of 10.31.2018. The annual net expense ratio is 1.59% after a recoupment of 0.12% is added to the overall gross expense ratio as of 10.31.2018. If the class had been offered prior to 11.15.2013, the actual performance and expenses may have differed from the amounts shown. 

*Since inception index returns are calculated using the Fund’s Legacy class inception date of 01.31.2005.

The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. Performance prior to 09.05.2013 reflects the Fund’s performance under the management of Aster Investment Management Co. using similar investment strategies.

 
 

The S&P 500® Index is a commonly recognized market-capitalization-weighted index of 500 widely held equity securities, designed to measure broad U. S. equity performance. One cannot simply invest in an index.