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Morningstar

Meridian Contrarian Legacy MVALX

Morningstar Medalist Rating
Medalist Rating as of | See Meridian Investment Hub
  • NAV / 1-Day Return 36.76  /  +0.66 %
  • Total Assets 570.1 Mil
  • Adj. Expense Ratio
    1.150%
  • Expense Ratio 1.150%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Mid-Cap Blend
  • Investment Style Small Blend
  • Min. Initial Investment 1,000
  • Status Closed
  • TTM Yield 0.44%
  • Turnover 54%

USD | NAV as of May 03, 2024 | 1-Day Return as of May 03, 2024, 10:17 PM GMT+0

Morningstar’s Analysis MVALX

Will MVALX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MVALX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MVALX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MVALX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Meridian Contrarian Legacy to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MVALX

More MVALX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 27.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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First Citizens BancShares Inc Class A

3.34 20.4 Mil
Financial Services

Tenet Healthcare Corp

3.04 18.6 Mil
Healthcare

SMART Global Holdings Inc

2.97 18.2 Mil
Technology

CACI International Inc Class A

2.91 17.8 Mil
Technology

Perrigo Co PLC

2.70 16.5 Mil
Healthcare

VICI Properties Inc Ordinary Shares

2.57 15.7 Mil
Real Estate

California Resources Corp Ordinary Shares - New

2.51 15.3 Mil
Energy

Brookfield Renewable Corp Ordinary Shares - Class A (Sub Voting)

2.48 15.2 Mil
Utilities

Axis Capital Holdings Ltd

2.48 15.1 Mil
Financial Services