Investment objective & strategy
As of Oct. 24, 2025 · prospectusObjective. The M ERIDIAN S MALL C AP G ROWTH F UND seeks long-term growth of capital by investing primarily in equity securities of small capitalization companies.
Strategy. The Fund seeks long-term growth of capital by investing, under normal circumstances, at least 80% of its net assets, including the amount of any borrowings for investment purposes, in equity securities (including common stocks, preferred stocks and securities convertible into common and preferred stocks) of U.S. small capitalization companies. In the view of the Investment Adviser, small capitalization companies are defined as companies whose total market capitalization falls within the range of companies included in the Russell 2000 Growth Index or the S&P SmallCap 600 Index at the time of purchase. Both indices are broad indices of small capitalization stocks. As of September 30, 2025, the market capitalization of the companies in these indices ranged from approximately $3 million to … The Fund seeks long-term growth of capital by investing, under normal circumstances, at least 80% of its net assets, including the amount of any borrowings for investment purposes, in equity securities (including common stocks, preferred stocks and securities convertible into common and preferred stocks) of U.S. small capitalization companies. In the view of the Investment Adviser, small capitalization companies are defined as companies whose total market capitalization falls within the range of companies included in the Russell 2000 Growth Index or the S&P SmallCap 600 Index at the time of purchase. Both indices are broad indices of small capitalization stocks. As of September 30, 2025, the market capitalization of the companies in these indices ranged from approximately $3 million to $29 billion. The Fund may also invest up to 20% of its net assets in securities of companies of any market capitalization. The portfolio managers apply a bottom up fundamental research process in selecting investments. In other words, the portfolio managers analyze individual companies to determine if a company presents an attractive investment opportunity and if it is consistent with the Funds investment strategies and policies. The Fund generally sells investments when the Investment Adviser concludes that better investment opportunities exist in other securities, the security is fully valued, or the issuers circumstances or the political or economic outlook have changed.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| STIT GOVT AND AGENCY INST | AGPXX | $12.13M | 5.16% |
| MONEYMKT | FGTXX | $11.62M | 4.94% |
| AXOGEN INC | — | $7.15M | 3.04% |
| EVOLVE VACATION RENTAL NETWORK INC. | — | $5.97M | 2.54% |
| TURNING POINT BRANDS INC | — | $5.52M | 2.34% |
| Apartment List Inc. Series D Preferred Stock | — | $5.44M | 2.31% |
| FED SIGNAL CORP | — | $5.35M | 2.28% |
| TANDEM DIABETES CARE INC | — | $5.26M | 2.23% |
| HINGE HEALTH INC | — | $5.21M | 2.21% |
| VIPER ENERGY INC A | — | $5.18M | 2.20% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Meridian Growth Fund · MERDX, MRIGX, MRAGX, MRRGX, MRCGX | 46% | 0.88% |
| SMALL COMPANY GROWTH PORTFOLIO | 21% | 0.29% |
| Meridian Contrarian Fund · MVALX, MFCIX, MFCAX, MFCRX, MFCCX | 13% | 1.18% |
Advisers
| Firm | Role |
|---|---|
| ArrowMark Colorado Holdings, LLC | Adviser |
Footnotes
- Expense ratio as of October 24, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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