Performance

Meridian Equity Income Fund

Fund Quarterly Performance as of 6.30.2017 (%)
 3 Month1 Year3 Year5 Year10 YearSince Inception*
A Share Class 2.35 17.69 5.69 10.57 4.90 6.35
C Share Class 2.20 17.26 5.24 10.27 4.85 6.35
Investor Share Class 2.41 17.98 5.94 10.83 5.16 6.61
Legacy Share Class 2.41 18.06 6.02 11.09 5.64 7.14
S&P 500 3.09 17.90 9.61 14.63 7.18 8.22

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 1.27%; current actual expenses may be higher or lower. The annual net expense ratio is 1.29% after after a recoupment of 0.02% is added to the total annual gross expense ratio. 

A Class: Prior to 7.1.15, the A Class was named Advisor Class. The historical performance shown for periods prior to inception on 11/15/13 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 1.64% as of 10.31.2016. The annual net expense ratio is 1.64% as of 10.31.2016. If the class had been offered prior to 11/15/13, the actual performance and expenses may have differed from the amounts shown. 

C Class: The historical performance shown for periods prior to inception on 7/1/15 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 2.28% as of 10.31.2016 The annual net expense ratio is 2.04% as of 10.31.2016If the class had been offered prior to 7/1/15, the actual performance and expenses may have differed from the amounts shown. 

Investor Class: The historical performance shown for periods prior to inception on 11/15/13 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 1.32% as of 10.31.2016. The annual net expense ratio is 1.39% after a recoupment of 0.07% is added to the overall gross expense ratio as of 10.31.2016. If the class had been offered prior to 11/15/13, 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 1.31.05.

The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future. Performance prior to 9.5.13 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.