MISGX Performance — Meridian Small Cap Growth Fund, Investor Class
Data updated: 2026-09-03
MISGX returned +11.34% year to date and +17.04% over one year to Jun 2026. Annualised returns are +7.77% over 3 years and −0.35% over 5 years. The fund trailed its US Small Growth category average: $100 invested three years ago grew to $125, against $156 for the category, and to $117 over one year, against $132. Volatility over the past three years was 19.39% a year. In the 12 months to Jun 2026 the fund lost a net $95.2M, and assets reached $272.90M.
MISGX Growth of $100
What $100 invested in Meridian Small Cap Growth Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Growth category average over the same months.
| Period | MISGX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $117 | $132 |
| 3 years (Jul 2023 – Jun 2026) | $125 | $156 |
| 5 years (Jul 2021 – Jun 2026) | $98 | $127 |
| Since data start (Jul 2019 – Jun 2026) | $156 | $203 |
MISGX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +11.34% |
| 1 year | +17.04% |
| 3 years (annualised) | +7.77% |
| 5 years (annualised) | −0.35% |
MISGX Annual Returns
Calendar-year total returns of Meridian Small Cap Growth Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +11.34% |
| 2025 | −1.29% |
| 2024 | +11.72% |
| 2023 | +14.02% |
| 2022 | −24.79% |
| 2021 | +7.78% |
| 2020 | +27.76% |
| 2019 (Jul–Dec) | +7.93% |
MISGX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.5% | −0.7% | −7.3% | +9.4% | +3.6% | +7.2% | — | — | — | — | — | — |
| 2025 | +3.8% | −6.7% | −9.3% | −2.4% | +5.8% | +3.6% | −2.1% | +6.1% | +0.3% | +1.0% | −0.9% | +0.8% |
| 2024 | −2.6% | +5.6% | +3.2% | −6.6% | +3.8% | −0.5% | +3.6% | +2.6% | −0.1% | −2.0% | +9.1% | −3.9% |
| 2023 | +10.2% | −0.4% | −2.5% | −1.3% | +0.5% | +5.4% | +4.1% | −7.3% | −7.1% | −8.2% | +10.3% | +12.1% |
| 2022 | −9.1% | −2.0% | +2.0% | −8.6% | −5.1% | −8.0% | +7.4% | −2.6% | −7.5% | +9.9% | +1.1% | −3.4% |
| 2021 | +1.5% | +6.3% | −0.1% | +3.6% | −0.4% | +3.9% | −0.1% | +1.9% | −2.9% | +1.7% | −4.9% | −2.4% |
| 2020 | −4.2% | −7.3% | −22.9% | +20.3% | +9.5% | +1.5% | +4.9% | +3.8% | +0.1% | +2.3% | +15.2% | +9.0% |
| 2019 | — | — | — | — | — | — | −0.8% | −5.3% | +1.8% | +1.0% | +7.4% | +4.0% |
MISGX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 19.39%
- 3-year Sharpe ratio: 0.17 (vs 4.5% risk-free rate)
- Best month: +12.12% (Dec 2023)
- Worst month: −9.32% (Mar 2025)
MISGX Fund Flows
Monthly money in and out of Meridian Small Cap Growth Fund, from SEC Form N-PORT.
- 12-month net flow: −$95.2M
- 12-month gross sales (incl. reinvestments): $68.1M
- Sales ÷ redemptions: 0.42×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $1.3M | $3.2M | −$1.9M |
| May 2026 | $928K | $9.6M | −$8.7M |
| Apr 2026 | $2.9M | $4.3M | −$1.4M |
| Mar 2026 | $2.5M | $35.8M | −$33.3M |
| Feb 2026 | $3.0M | $32.7M | −$29.7M |
| Jan 2026 | $3.9M | $7.5M | −$3.6M |
| Dec 2025 | $24.0M | $9.9M | $14.1M |
| Nov 2025 | $3.9M | $5.6M | −$1.8M |
| Oct 2025 | $4.3M | $26.9M | −$22.7M |
| Sep 2025 | $12.0M | $17.0M | −$5.0M |
| Aug 2025 | $2.9M | $7.3M | −$4.4M |
| Jul 2025 | $6.6M | $3.4M | $3.2M |
MISGX Assets Under Management
Net assets of Meridian Small Cap Growth Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $272.90M |
| 2026-03-31 | $235.35M |
| 2025-12-31 | $326.95M |
| 2025-09-30 | $358.26M |
| 2025-06-30 | $349.58M |
| 2025-03-31 | $334.93M |
| 2024-12-31 | $421.17M |
| 2024-09-30 | $439.92M |
| 2024-06-28 | $441.12M |
| 2024-03-28 | $538.35M |
| 2023-12-29 | $631.20M |
| 2023-09-29 | $588.95M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.