Meridian Funds: Meridian Growth Fund (MRAGX)
For a fund that combines compelling small and mid-cap names, Meridian Growth Fund (MRAGX) is worth a look and should fit well with the type of stocks that Meade and Schaub have owned before when they successfully ran Janus Triton.
Once again, fundamental research is the cornerstone of the process, with MRAGX’s portfolio currently holding 80 stocks. This fund is an established one, with $2.2 billion in assets. Industrials are presently 32% of the fund, with information technology names accounting for 20%. Recent top holdings will look familiar, with CLH, CDNS and VPRT getting the nod, as well as Wolverine World Wide (WWW) and Gartner, Inc. (IT).
Expenses run 1.6%, or $160 for every $10,000 invested.
Since the present managers started on this fund last September, fund performance numbers simply do not mean a lot. However, the strong run that this duo had at Janus bodes well for success here as well.
As of this writing, Bill Wysor was long JAVTX and plans to initiate a position in MSGAX.