Meridian Enhanced Equity Fund (MEIFX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The chart shows the growth of an initial investment of $10,000 in Meridian Enhanced Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Meridian Enhanced Equity Fund (MEIFX) has returned -1.60% so far this year and 4.96% over the past 12 months. Looking at the last ten years, MEIFX has achieved an annualized return of 13.78%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.

Based on dividend-adjusted daily data since Feb 2, 2005, MEIFX's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, your investment would double in approximately 6.9 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 51% 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%.

Meridian Enhanced Equity Fund has an annualized alpha of 2.72%, beta of 0.83, and R² of 0.75 versus S&P 500 Index. Calculated based on daily prices since February 03, 2005.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (86.41%) than losses (79.65%) — typical of diversified or defensive assets.
• This fund generated an annualized alpha of 2.72% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

MEIFX has a high expense ratio of 1.20%, indicating above-average management fees.

MEIFX ranks 14 for risk / return — in the bottom 14% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Meridian Enhanced Equity Fund (MEIFX) and compare them to a chosen benchmark (S&P 500 Index).

Meridian Enhanced Equity Fund provided a 7.36% dividend yield over the last twelve months, with an annual payout of $0.95 per share.

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.

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.

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.

The current Meridian Enhanced Equity Fund drawdown is 7.42%.

The chart below shows the rolling one-month volatility.