Meridian Small Cap Growth Fund (MISGX)

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Meridian Small Cap Growth Fund (MISGX) is up 5.0% since the beginning of the year. MISGX is currently trading at $13 per share. Investors who bought $1,000 worth of MISGX shares 5 years ago would now be looking at an investment worth $996.

Meridian Small Cap Growth Fund (MISGX) has returned 5.01% so far this year and 12.56% over the past 12 months. Over the last ten years, MISGX has returned 8.95% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Dec 17, 2013, MISGX's average daily return is +0.04%, while the average monthly return is +0.85%. At this rate, an investment would double in approximately 6.8 years.

Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +20.1%, while the worst month was Mar 2020 at -22.8%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.

On a daily basis, MISGX closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +8.4%, while the worst single day was Mar 16, 2020 at -12.5%.

Meridian Small Cap Growth Fund has an annualized alpha of -2.06%, beta of 0.93, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since December 17, 2013.

• This fund participated in 110.98% of S&P 500 Index downside but only 93.65% of its upside - more exposed to losses than it benefited from rallies.
• This fund had an annualized alpha of -2.06% versus S&P 500 Index - delivering less than market exposure alone would predict.
• With beta of 0.93 and R2 of 0.64, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

MISGX has a high expense ratio of 1.22%, indicating above-average management fees.

MISGX ranks 10 for risk / return — in the bottom 10% 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.

Meridian Small Cap Growth Fund provided a 7.51% dividend yield over the last twelve months, with an annual payout of $0.96 per share.

The table displays the monthly dividend distributions for Meridian Small Cap Growth 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 Small Cap Growth 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 Small Cap Growth Fund was 41.11%, occurring on Mar 18, 2020. Recovery took 139 trading sessions.

The current Meridian Small Cap Growth Fund drawdown is 8.29%.

The chart below shows the rolling one-month volatility.