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Trending ETFs

MERIDIAN CONTRARIAN FUND

mutual fund
MVALX
Payout Change
Pending
Price as of:
$38.74 -0.48 -1.22%
primary theme
U.S. Mid-Cap Blend Equity
MVALX (Mutual Fund)

MERIDIAN CONTRARIAN FUND

Payout Change
Pending
Price as of:
$38.74 -0.48 -1.22%
primary theme
U.S. Mid-Cap Blend Equity
MVALX (Mutual Fund)

MERIDIAN CONTRARIAN FUND

Payout Change
Pending
Price as of:
$38.74 -0.48 -1.22%
primary theme
U.S. Mid-Cap Blend Equity

Name

As of 10/07/2024

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

$38.74

$588 M

0.42%

$0.17

1.15%

Vitals

YTD Return

6.3%

1 yr return

18.4%

3 Yr Avg Return

2.1%

5 Yr Avg Return

11.9%

Net Assets

$588 M

Holdings in Top 10

35.0%

52 WEEK LOW AND HIGH

$39.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 72.00%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/07/2024

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

$38.74

$588 M

0.42%

$0.17

1.15%

MVALX - Profile

Distributions

  • YTD Total Return 6.3%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 11.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.11%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    MERIDIAN CONTRARIAN FUND
  • Fund Family Name
    Meridian
  • Inception Date
    Jul 01, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Y
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James England

Fund Description

The Fund seeks long-term growth of capital by investing primarily in a diversified portfolio of publicly traded common stocks of U.S. companies. Under normal circumstances, the Fund invests in the stocks of businesses that are likely to have recently underperformed their peers, or the market due to what the Investment Adviser deems to be temporary operational issues. The Fund then emphasizes stocks which the Investment Adviser believes are undervalued in relation to the business’s (or issuer’s) long-term earnings power or asset value, or the stock market in general. Securities in which the Fund invests may be undervalued because of many factors, including market decline, poor economic conditions, tax-loss selling or actual or anticipated unfavorable developments affecting the issuer of the security. The Fund may invest in securities of companies with any capitalization across a broad range of industries. The Fund intends to invest at least 65% of its total assets in common stocks and equity-related securities (such as convertible debt securities and warrants). The Fund may invest up to 35% of its total 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 or BB or below by S&P. The Fund may invest up to 10% of its total assets in securities rated Ca or below by Moody’s or C or below by S&P, or unrated but considered by the Investment Adviser to be of comparable quality. The Fund may also 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 generally sells investments when (i) the Investment Adviser concludes that the company’s fundamentals are not meeting expectations; (ii) better investment opportunities exist; and/or (iii) the company’s business has improved and this, in the Investment Adviser’s opinion, is reflected in the share price.
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MVALX - Performance

Return Ranking - Trailing

Period MVALX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% -7.1% 33.9% 93.28%
1 Yr 18.4% -1.6% 51.7% 94.68%
3 Yr 2.1%* -17.8% 23.8% 86.93%
5 Yr 11.9%* 0.2% 25.5% 34.76%
10 Yr 7.9%* 3.3% 13.7% 72.77%

* Annualized

Return Ranking - Calendar

Period MVALX Return Category Return Low Category Return High Rank in Category (%)
2023 6.4% -12.9% 28.8% 84.79%
2022 -25.3% -52.6% 20.1% 83.24%
2021 10.0% -43.8% 32.4% 55.65%
2020 17.8% -10.6% 82.1% 13.21%
2019 14.5% -8.5% 37.5% 82.17%

Total Return Ranking - Trailing

Period MVALX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% -7.1% 33.9% 93.28%
1 Yr 18.4% -1.6% 51.7% 94.68%
3 Yr 2.1%* -17.8% 23.8% 86.93%
5 Yr 11.9%* 0.2% 25.5% 34.76%
10 Yr 7.9%* 3.3% 13.7% 72.77%

* Annualized

Total Return Ranking - Calendar

Period MVALX Return Category Return Low Category Return High Rank in Category (%)
2023 12.3% 1.2% 31.3% 79.72%
2022 -16.8% -45.7% 21.1% 68.47%
2021 26.1% -30.2% 52.8% 33.33%
2020 23.8% -8.4% 84.3% 8.71%
2019 23.6% 1.0% 43.4% 83.12%

NAV & Total Return History


MVALX - Holdings

Concentration Analysis

MVALX Category Low Category High MVALX % Rank
Net Assets 588 M 728 K 168 B 45.66%
Number of Holdings 75 1 2714 54.06%
Net Assets in Top 10 198 M 399 K 13.2 B 33.61%
Weighting of Top 10 34.96% 0.5% 100.0% 24.44%

Top 10 Holdings

  1. Goldman Sachs Financial Square Government Fund 7.29%
  2. First Citizens BancShares Inc/NC 3.72%
  3. CACI International Inc 3.58%
  4. Brookfield Renewable Corp 3.20%
  5. VICI Properties Inc 3.16%
  6. Tenet Healthcare Corp 3.06%
  7. Axis Capital Holdings Ltd 2.91%
  8. SMART Global Holdings Inc 2.79%
  9. Cameco Corp 2.62%
  10. California Resources Corp 2.62%

Asset Allocation

Weighting Return Low Return High MVALX % Rank
Stocks
93.43% 0.86% 100.69% 94.12%
Cash
7.29% 0.00% 99.07% 5.32%
Other
3.24% -0.01% 51.08% 4.20%
Preferred Stocks
0.38% 0.00% 11.46% 3.08%
Convertible Bonds
0.00% 0.00% 1.78% 65.27%
Bonds
0.00% 0.00% 72.71% 68.91%

Stock Sector Breakdown

Weighting Return Low Return High MVALX % Rank
Technology
26.82% 0.00% 40.65% 2.81%
Industrials
12.19% 0.00% 45.89% 84.55%
Financial Services
11.45% 0.00% 46.10% 83.15%
Real Estate
9.93% 0.00% 25.82% 19.10%
Healthcare
9.62% 0.00% 24.06% 56.74%
Consumer Cyclical
9.55% 2.49% 46.48% 73.88%
Energy
5.15% 0.00% 58.13% 48.03%
Consumer Defense
5.12% 0.00% 32.18% 25.84%
Basic Materials
4.56% 0.00% 16.35% 73.03%
Utilities
4.54% 0.00% 18.97% 39.61%
Communication Services
1.06% 0.00% 30.98% 84.55%

Stock Geographic Breakdown

Weighting Return Low Return High MVALX % Rank
US
93.43% 0.86% 100.69% 92.16%
Non US
0.00% 0.00% 10.11% 70.59%

MVALX - Expenses

Operational Fees

MVALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.15% 0.03% 19.40% 39.44%
Management Fee 1.00% 0.00% 1.50% 95.21%
12b-1 Fee N/A 0.00% 1.00% 12.78%
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

MVALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

MVALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 47.83%

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.

MVALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 72.00% 0.00% 304.00% 83.33%

MVALX - Distributions

Dividend Yield Analysis

MVALX Category Low Category High MVALX % Rank
Dividend Yield 0.42% 0.00% 29.78% 9.52%

Dividend Distribution Analysis

MVALX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Annual Annual

Net Income Ratio Analysis

MVALX Category Low Category High MVALX % Rank
Net Income Ratio -0.11% -2.06% 3.38% 75.77%

Capital Gain Distribution Analysis

MVALX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

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MVALX - Fund Manager Analysis

Managers

James England


Start Date

Tenure

Tenure Rank

Dec 31, 2001

20.43

20.4%

James England is a Portfolio Manager at ArrowMark Partners and Co-Portfolio Manager of Meridian Contrarian Fund. He has been Portfolio Manager of the Meridian Contrarian Fund since 2001. James previously worked as an equity derivatives trader at Toronto Dominion Securities, in the equity sales and trading group of Goldman, Sachs & Co. and as a Consumer and Retail Analyst at The Seidler Companies. James received his bachelor’s degree from McGill University and a master's degree in Business Administration from the Ivey School of Business at the University of Western Ontario. He holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 38.44 7.29 5.78