Overview

Meridian Growth Fund

Portfolio Managers: 

  • Chad Meade, 19 years of experience 
  • Brian Schaub, CFA, 18 years of experience

Strategy Inception*:

  • September 5, 2013

Benchmark:

  • Russell 2500 Growth Index 

Investment Objective:

  • Seeks long-term growth of capital by investing primarily in equity securities of small to mid capitalization growth companies

Investment Approach:

  • Utilize fundamental research to identify early stage high quality growth companies with differentiated and enduring business models, strong competitive advantages and large addressable markets
  • Maintain active wishlist to deploy capital during volatile markets
  • Disciplined portfolio construction, where position size is driven purely by risk profile of the company

Why Invest:

  • Time-tested, disciplined approach to small cap investing focused on superior stock selection and down-side risk management

Vehicle Options:

  • Meridian Growth Fund – Institutional Share Class (qualified investors only)
  • Currently closed to new investors in all other Meridian Growth share classes and Separately Managed Accounts 

*Strategy inception date for current portfolio managers. Meridian Growth Fund inception is 08/01/1984.

Ticker Symbols

A Shares: MRAGX
C Shares: MRCGX
Investor Shares: MRIGX
Institutional Shares: MRRGX
Legacy Shares: MERDX
 
 
 

Risk Considerations

There are risks involved with any investment. The principal risks associated with an investment in this Fund are set forth below. Please see the section “Further Information About Principal Risks” in this Prospectus for a detailed discussion of these risks and other factors you should carefully consider before deciding to invest in the Fund.

General Risk — You could lose money on your investment in the Fund or the Fund could underperform other investments.

Investment Style Risk - Although the Fund makes every effort to achieve its investment objective of long-term growth of capital, it cannot guarantee that the Investment Adviser’s investment strategies or securities selection method will achieve that objective

Equity Securities Risk — Equity securities holders are entitled to the income and increase in the value of the assets and business of an issuer after debt obligations and obligations to debt securities holders are satisfied. Equity securities fluctuate in price in response to many factors including historical and prospective earnings of the issuer, the value of its assets, general economic conditions, interest rates, investors perceptions and market liquidity.

Market Risk — The value of the Fund’s investments will fluctuate in response to the activities of individual companies and general stock market and economic conditions and the value of your investment in the Fund may be more or less than your purchase price.

Growth Investing Risk — There is a risk that the Fund’s emphasis on investing in growth-oriented companies may underperform during times when growth investing is out of favor.

Small Company Risk — Generally, the smaller the capitalization of a company, the greater the risk associated with an investment in the company. The stock prices of smaller and newer companies tend to fluctuate more than those of larger, more established companies and have smaller market for their shares than do large capitalization companies.

Foreign Company Risk — Investments in foreign securities may be subject to more risks than those associated with U.S. investments, including currency fluctuations, political and economic instability and differences in accounting, auditing and financial reporting standards. Emerging market securities involve greater risk and more volatility than those of companies in more developed markets. Significant levels of foreign taxes are also a risk related to foreign investments.