Meridian Contrarian Fund (MVALX)

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The chart shows the growth of an initial investment of $10,000 in Meridian Contrarian 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 Contrarian Fund (MVALX) has returned -2.28% so far this year and 24.18% over the past 12 months. Over the last ten years, MVALX has had an annualized return of 11.80%, just under the S&P 500 Index benchmark’s 12.16%.

Based on dividend-adjusted daily data since Feb 7, 1994, MVALX's average daily return is +0.05%, while the average monthly return is +0.98%. At this rate, your investment would double in approximately 5.9 years.

Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +17.8%, while the worst month was Mar 2020 at -23.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, MVALX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +9.2%, while the worst single day was Mar 16, 2020 at -14.0%.

Meridian Contrarian Fund has an annualized alpha of 3.55%, beta of 0.86, and R² of 0.73 versus S&P 500 Index. Calculated based on daily prices since February 08, 1994.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (98.18%) than losses (88.21%) — typical of diversified or defensive assets.
• This fund generated an annualized alpha of 3.55% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• With beta of 0.86 and R² of 0.73, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

MVALX has a high expense ratio of 1.12%, indicating above-average management fees.

MVALX ranks 53 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

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

Meridian Contrarian Fund provided a 13.11% dividend yield over the last twelve months, with an annual payout of $5.11 per share.

The table displays the monthly dividend distributions for Meridian Contrarian 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 Contrarian 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 Contrarian Fund was 50.65%, occurring on Mar 9, 2009. Recovery took 760 trading sessions.

The current Meridian Contrarian Fund drawdown is 11.53%.

The chart below shows the rolling one-month volatility.