Performance

Meridian Small Cap Growth Fund

Fund Quarterly Performance as of 6.30.2017 (%)
 3 Month1 Year3 Year 5 YearSince Inception*
A Share Class 6.28 26.62 10.09 n/a 13.23
C Share Class 6.11 25.72 9.33 n/a 12.44
Investor Share Class 6.41 27.19 10.56 n/a 13.69
Institutional Share Class 6.36 27.00 10.41 n/a 13.56
Legacy Share Class 6.35 26.96 10.46 n/a 13.61
Russell 2000 Growth 4.39 24.40 7.64 n/a 8.40

 

*Fund Inception date is 12.16.13.

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.

The performance of this portfolio was enhanced substantially by its participation in initial public offerings (IPOs) in 2014. Such opportunities may not be available in the future, and as the portfolio assets grow, the impact of IPOs on the portfolio performance likely will be reduced. Share price, principal value, yield and return will vary, and you may have a gain or loss when you sell your shares.

A Class: Prior to 7/1/15, the A Class was named Advisor Class. The annual gross expense ratio is 1.56% as of 10.31.2016. The annual net expense ratio is 1.62% after a recoupment of 0.06% is added to the overall gross expense ratio as of 10.31.2016.

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 2.30% after a recoupment of 0.02% is added to the overall gross expense ratio as of 10.31.2016. If 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 annual gross expense ratio is 1.32% as of 10.31.2016. The annual net expense ratio is 1.32% as of 10.31.2016. 

Institutional Class: The annual gross expense ratio is 1.27% as of 10.31.2016. The annual net expense ratio is 1.15% after a reduction of 0.12% is subtracted from the total annual gross expense ratio as of 10.31.2016. 

Institutional Class Shares are not available directly to individual investors. Institutional Class Shares are also not available to retail, advisory fee-based wrap programs, or advisor-sold, donor-advised funds.

Institutional Class Share investors will not incur any commission payments, account servicing fees, recordkeeping fees, Rule 12b-1 fees, transfer agent fees, administrative fees or other similar fees on Institutional Class Shares.

The Minimum Initial Investment for the Institutional Class Shares of the Fund is $1,000,000; however, there is no Minimum Subsequent Investment. The Funds reserve the right to change the amount of this minimum from time to time or to waive it in whole or in part. There is no minimum initial investment requirement for retirement plan service provider platforms.