- ISIN
- US5896193035
- CUSIP
- 589619303
- Issuer
- Meridian
- Inception Date
- Jan 31, 2005
- Category
- Large Cap Growth Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
MEIFX Performance Chart
Meridian Enhanced Equity Fund (MEIFX) is up 7.5% since the beginning of the year. MEIFX is currently trading at $14 per share. Investors who bought $1,000 worth of MEIFX shares 5 years ago would now be looking at an investment worth $1,333.
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Returns By Period
Meridian Enhanced Equity Fund (MEIFX) has returned 7.49% so far this year and 8.71% over the past 12 months. Over the last decade, MEIFX has posted an annualized return of 13.76%, slightly higher than the S&P 500 Index benchmark’s 13.26%.
Meridian Enhanced Equity Fund
- 1D
- 1.08%
- 1M
- 2.18%
- 6M
- 6.11%
- YTD
- 7.49%
- 1Y
- 8.71%
- 3Y*
- 10.82%
- 5Y*
- 5.92%
- 10Y*
- 13.76%
- ALL TIME*
- 9.68%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MEIFX Monthly Returns History
Based on dividend-adjusted daily data since Feb 2, 2005, MEIFX's average daily return is +0.04%, while the average monthly return is +0.86%. At this rate, an investment would double in approximately 6.7 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2009 with a return of +13.2%, while the worst month was Oct 2008 at -17.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MEIFX closed higher 52% of trading days. The best single day was Dec 20, 2024 with a return of +14.1%, while the worst single day was Mar 16, 2020 at -11.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.30% | 0.30% | -1.50% | 3.51% | 1.47% | -0.51% | 2.78% | 7.49% | |||||
| 2025 | 2.35% | -3.04% | 0.61% | -1.44% | 3.70% | 2.60% | 1.09% | 1.08% | -0.50% | -1.14% | 0.36% | 0.85% | 6.51% |
| 2024 | -0.75% | 4.22% | 1.95% | -2.98% | 2.63% | 1.35% | 1.27% | 2.08% | 2.72% | -0.13% | 2.79% | -2.44% | 13.19% |
| 2023 | 7.70% | -1.89% | 1.17% | -0.25% | 0.00% | 3.82% | 2.32% | -1.17% | -2.45% | -0.89% | 5.89% | 3.81% | 18.96% |
| 2022 | -3.31% | -1.40% | -0.35% | -5.62% | -0.75% | -6.84% | 5.71% | -2.39% | -7.75% | 4.88% | 3.92% | -2.83% | -16.43% |
| 2021 | -1.24% | 1.88% | 2.03% | 5.12% | -1.66% | 3.79% | 1.01% | -0.06% | -0.11% | 3.34% | -0.49% | 0.80% | 15.15% |
Benchmark Metrics
Meridian Enhanced Equity Fund has an annualized alpha of 2.48%, beta of 0.83, and R2 of 0.75 versus S&P 500 Index. Calculated based on daily prices since February 02, 2005.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (84.50%) than losses (78.73%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 2.48% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.48%
- Beta
- 0.83
- R²
- 0.75
- Upside Capture
- 84.50%
- Downside Capture
- 78.73%
Expense Ratio
MEIFX has a high expense ratio of 1.20%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MEIFX ranks 25 for risk / return — above 25% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Meridian Enhanced Equity Fund (MEIFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MEIFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.25 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.00 | -0.34 |
| Martin ratioReturn relative to average drawdown | 5.16 | 8.49 | -3.33 |
Dividends
Dividend History
Meridian Enhanced Equity Fund provided a 6.74% dividend yield over the last twelve months, with an annual payout of $0.95 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.95 | $0.95 | $1.93 | $0.08 | $1.05 | $3.76 | $2.14 | $5.88 | $1.65 | $0.19 | $0.10 | $0.49 |
Dividend yield | 6.74% | 7.25% | 14.61% | 0.61% | 9.28% | 25.44% | 13.26% | 40.49% | 11.67% | 1.18% | 0.78% | 4.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Meridian Enhanced Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.95 | $0.95 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.93 | $1.93 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.05 | $1.05 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.76 | $3.76 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Meridian Enhanced Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Meridian Enhanced Equity Fund was 54.37%, occurring on Mar 9, 2009. Recovery took 762 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-54.37%Mar 2009 | 1y 7mo | 3y 7d | 4y 8moJul 2007 - Mar 2012 | Financial crisis2007–2009 |
-28.67%Dec 2018 | 3mo 8d | 5mo 10d | 8mo 18dSep 2018 - May 2019 | Rate-hike selloffLate 2018 |
-26.40%Mar 2020 | 24d | 2mo 24d | 3mo 18dFeb 2020 - Jun 2020 | COVID crash2020 |
-23.54%Oct 2022 | 10mo 29d | 1y 4mo | 2y 3moNov 2021 - Feb 2024 | Bear market2022 |
-21.77%Feb 2016 | 9mo 20d | 6mo 6d | 1y 3moApr 2015 - Aug 2016 | — |
Drawdown Indicators
| MEIFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.37% | -56.78% | +2.41% |
Max Drawdown (1Y)Largest decline over 1 year | -4.80% | -9.10% | +4.30% |
Max Drawdown (3Y)Largest decline over 3 years | -19.30% | -18.90% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -23.54% | -25.43% | +1.89% |
Max Drawdown (10Y)Largest decline over 10 years | -28.67% | -33.92% | +5.25% |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -10.70% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 2.14% | -0.59% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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