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Trending ETFs

MERIDIAN HEDGED EQUITY FUND

mutual fund
MRCEX
Payout Change
Pending
Price as of:
$13.9 +0.07 +0.51%
primary theme
U.S. Large-Cap Growth Equity
MRCEX (Mutual Fund)

MERIDIAN HEDGED EQUITY FUND

Payout Change
Pending
Price as of:
$13.9 +0.07 +0.51%
primary theme
U.S. Large-Cap Growth Equity
MRCEX (Mutual Fund)

MERIDIAN HEDGED EQUITY FUND

Payout Change
Pending
Price as of:
$13.9 +0.07 +0.51%
primary theme
U.S. Large-Cap Growth Equity

Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.90

$46.3 M

0.00%

2.28%

Vitals

YTD Return

11.5%

1 yr return

22.6%

3 Yr Avg Return

4.1%

5 Yr Avg Return

10.5%

Net Assets

$46.3 M

Holdings in Top 10

56.6%

52 WEEK LOW AND HIGH

$13.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.28%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 96.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.90

$46.3 M

0.00%

2.28%

MRCEX - Profile

Distributions

  • YTD Total Return 11.5%
  • 3 Yr Annualized Total Return 4.1%
  • 5 Yr Annualized Total Return 10.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.05%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    MERIDIAN HEDGED EQUITY FUND
  • Fund Family Name
    Meridian
  • Inception Date
    Jul 01, 2015
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Clay Freeman

Fund Description

The Fund seeks to maximize total return by investing primarily in a diversified portfolio of equity securities of U.S. companies that have the potential for capital appreciation. Under normal circumstances, the Fund will invest at least 80% of its net assets in long or short positions in equity securities. Equity securities include, but are not limited to, common and preferred stocks as well as convertible securities, such as options, in domestic and foreign companies. The Fund often sells exchange traded call options against 40% to 60% of the underlying equity holdings. This hedging strategy seeks to use the option premiums collected, cash flow and income to the Fund, to reduce risk and volatility associated with typical long-only equity investment strategies. The Fund may invest in securities of companies with any capitalization across a broad range of industries. These may include companies that are relatively small in terms of assets, revenues and earnings. The mix of the Fund’s investments at any time will depend on the industries and types of securities the Investment Adviser believes hold the most potential for achieving the Fund’s investment objective. The Fund may invest up to 25% of its total assets, calculated at the time of purchase, in securities of foreign companies, including emerging market companies. The Fund may also invest its assets in debt or fixed income securities including higher yield, higher risk, lower rated or unrated corporate bonds commonly referred to as “junk bonds.” These are bonds that are rated Ba or below by Moody’s Investors Service, Inc. (“Moody’s”) or BB or below by Standard and Poor’s Ratings Services (“S&P”) or are in default or unrated but of comparable quality as determined by the Investment Adviser. The Fund generally sells investments when the Investment Adviser concludes that the long-term growth prospects of the company have deteriorated, or the issuer’s circumstances or the political or economic outlook relative to the security have changed, and better investment opportunities exist in other securities.
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MRCEX - Performance

Return Ranking - Trailing

Period MRCEX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.5% -0.5% 40.4% 92.18%
1 Yr 22.6% 8.1% 62.1% 97.84%
3 Yr 4.1%* -28.1% 24.8% 82.43%
5 Yr 10.5%* -12.8% 29.7% 92.93%
10 Yr N/A* -4.5% 19.5% 63.28%

* Annualized

Return Ranking - Calendar

Period MRCEX Return Category Return Low Category Return High Rank in Category (%)
2023 17.5% -74.1% 72.4% 89.15%
2022 -24.7% -85.9% 4.7% 12.41%
2021 -10.2% -52.4% 60.5% 87.94%
2020 9.9% -34.3% 145.0% 95.77%
2019 1.6% -6.9% 49.4% 98.89%

Total Return Ranking - Trailing

Period MRCEX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.5% -0.5% 40.4% 92.18%
1 Yr 22.6% 8.1% 62.1% 97.84%
3 Yr 4.1%* -28.1% 24.8% 82.43%
5 Yr 10.5%* -12.8% 29.7% 92.93%
10 Yr N/A* -4.5% 19.5% 60.50%

* Annualized

Total Return Ranking - Calendar

Period MRCEX Return Category Return Low Category Return High Rank in Category (%)
2023 18.1% -4.6% 72.4% 94.85%
2022 -17.2% -61.7% 5.6% 4.41%
2021 14.0% -39.8% 118.1% 81.45%
2020 25.3% 2.8% 149.2% 82.79%
2019 44.0% -5.2% 49.4% 1.01%

NAV & Total Return History


MRCEX - Holdings

Concentration Analysis

MRCEX Category Low Category High MRCEX % Rank
Net Assets 46.3 M 292 K 287 B 93.27%
Number of Holdings 114 2 3143 20.56%
Net Assets in Top 10 25.6 M 109 K 151 B 93.27%
Weighting of Top 10 56.61% 0.7% 205.0% 36.72%

Top 10 Holdings

  1. Goldman Sachs Financial Square Government Fund 16.32%
  2. NVIDIA Corp 7.79%
  3. QUALCOMM Inc 5.41%
  4. DR Horton Inc 4.20%
  5. Live Nation Entertainment Inc 4.04%
  6. Sally Beauty Holdings Inc 4.03%
  7. Clear Secure Inc 3.97%
  8. MGM Resorts International 3.77%
  9. Alibaba Group Holding Ltd 3.58%
  10. Illumina Inc 3.50%

Asset Allocation

Weighting Return Low Return High MRCEX % Rank
Stocks
115.30% 0.00% 115.30% 0.27%
Cash
16.32% 0.00% 173.52% 1.17%
Preferred Stocks
0.00% 0.00% 10.69% 78.90%
Convertible Bonds
0.00% 0.00% 1.94% 76.71%
Bonds
0.00% 0.00% 103.97% 77.47%
Other
-31.50% -31.50% 50.35% 99.91%

Stock Sector Breakdown

Weighting Return Low Return High MRCEX % Rank
Technology
34.16% 0.00% 65.70% 58.36%
Consumer Defense
17.05% 0.00% 25.50% 1.44%
Financial Services
11.76% 0.00% 43.06% 28.60%
Consumer Cyclical
11.35% 0.00% 62.57% 79.14%
Communication Services
8.23% 0.00% 66.40% 73.29%
Real Estate
5.86% 0.00% 16.05% 4.50%
Industrials
5.67% 0.00% 30.65% 57.19%
Utilities
1.74% 0.00% 16.07% 10.61%
Healthcare
1.51% 0.00% 39.76% 98.47%
Energy
1.46% 0.00% 41.09% 33.09%
Basic Materials
1.20% 0.00% 18.91% 49.28%

Stock Geographic Breakdown

Weighting Return Low Return High MRCEX % Rank
US
115.30% 0.00% 115.30% 0.27%
Non US
0.00% 0.00% 75.51% 84.20%

MRCEX - Expenses

Operational Fees

MRCEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.28% 0.01% 28.71% 4.05%
Management Fee 0.88% 0.00% 1.50% 91.59%
12b-1 Fee 1.00% 0.00% 1.00% 95.49%
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

MRCEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load 1.00% 1.00% 5.00% 76.80%

Trading Fees

MRCEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

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.

MRCEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 96.00% 0.00% 316.74% 89.22%

MRCEX - Distributions

Dividend Yield Analysis

MRCEX Category Low Category High MRCEX % Rank
Dividend Yield 0.00% 0.00% 27.58% 87.51%

Dividend Distribution Analysis

MRCEX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Annual

Net Income Ratio Analysis

MRCEX Category Low Category High MRCEX % Rank
Net Income Ratio -1.05% -6.13% 3.48% 88.99%

Capital Gain Distribution Analysis

MRCEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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MRCEX - Fund Manager Analysis

Managers

Clay Freeman


Start Date

Tenure

Tenure Rank

Sep 03, 2019

2.74

2.7%

Employed by the ArrowMark Colorado Holdings, LLC as an investment research analyst since 2008. Mr. Freeman focused on larger capitalization stocks within the communications industry as an equity research analyst at Janus Capital Management LLC from 2004 - 2007. He graduated Phi Beta Kappa from the University of Colorado and also earned an MBA with a Finance concentration from the Daniels College of Business at Denver University.”

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.24 3.08