MRIEX Performance — Meridian Hedged Equity Fund, Investor Class
Data updated: 2026-09-03
MRIEX returned +4.67% year to date and +6.42% over one year to Jun 2026. Annualised returns are +10.72% over 3 years and +5.50% over 5 years. The fund trailed its US Large Blend category average: $100 invested three years ago grew to $136, against $157 for the category, and to $106 over one year, against $118. Volatility over the past three years was 7.22% a year. In the 12 months to Jun 2026 the fund lost a net $9.1M, and assets reached $33.75M.
MRIEX Growth of $100
What $100 invested in Meridian Hedged Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | MRIEX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $106 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $136 | $157 |
| 5 years (Jul 2021 – Jun 2026) | $131 | $161 |
| Since data start (Jul 2019 – Jun 2026) | $202 | $229 |
MRIEX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +4.67% |
| 1 year | +6.42% |
| 3 years (annualised) | +10.72% |
| 5 years (annualised) | +5.50% |
MRIEX Annual Returns
Calendar-year total returns of Meridian Hedged Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +4.67% |
| 2025 | +6.71% |
| 2024 | +13.05% |
| 2023 | +18.93% |
| 2022 | −16.62% |
| 2021 | +15.14% |
| 2020 | +25.90% |
| 2019 (Jul–Dec) | +11.06% |
MRIEX 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 | +1.3% | +0.3% | −1.5% | +3.6% | +1.4% | −0.4% | — | — | — | — | — | — |
| 2025 | +1.6% | −0.3% | −1.3% | −1.4% | +3.5% | +2.8% | +1.0% | +1.1% | −0.5% | −1.1% | +0.4% | +0.9% |
| 2024 | −0.8% | +4.2% | +2.0% | −3.0% | +2.6% | +1.3% | +1.3% | +2.2% | +2.7% | −0.1% | +2.7% | −2.5% |
| 2023 | +7.7% | −1.9% | +1.3% | −0.2% | −0.1% | +3.8% | +2.3% | −1.2% | −2.5% | −0.8% | +5.8% | +3.8% |
| 2022 | −3.4% | −1.3% | −0.4% | −5.6% | −0.7% | −6.9% | +5.7% | −2.3% | −7.8% | +4.9% | +3.9% | −3.0% |
| 2021 | −1.2% | +1.9% | +2.1% | +5.1% | −1.6% | +3.8% | +1.0% | 0.0% | −0.1% | +3.3% | −0.4% | +0.6% |
| 2020 | +0.8% | −4.3% | −11.2% | +11.7% | +5.7% | +3.0% | +4.1% | +6.3% | −0.1% | −1.8% | +7.4% | +3.7% |
| 2019 | — | — | — | — | — | — | +2.8% | +2.1% | −0.6% | +2.5% | +2.0% | +1.7% |
MRIEX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 7.22%
- 3-year Sharpe ratio: 0.86 (vs 4.5% risk-free rate)
- Best month: +5.83% (Nov 2023)
- Worst month: −2.99% (Apr 2024)
MRIEX Fund Flows
Monthly money in and out of Meridian Hedged Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$9.1M
- 12-month gross sales (incl. reinvestments): $5.4M
- Sales ÷ redemptions: 0.37×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $26K | $412K | −$385K |
| May 2026 | $149K | $796K | −$647K |
| Apr 2026 | $76K | $559K | −$483K |
| Mar 2026 | $262K | $526K | −$263K |
| Feb 2026 | $44K | $842K | −$798K |
| Jan 2026 | $1.6M | $1.5M | $148K |
| Dec 2025 | $2.4M | $803K | $1.6M |
| Nov 2025 | $210K | $99K | $111K |
| Oct 2025 | $225K | $203K | $22K |
| Sep 2025 | $66K | $300K | −$234K |
| Aug 2025 | $139K | $344K | −$204K |
| Jul 2025 | $214K | $8.1M | −$7.9M |
MRIEX Assets Under Management
Net assets of Meridian Hedged Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $33.75M |
| 2026-03-31 | $33.74M |
| 2025-12-31 | $34.63M |
| 2025-09-30 | $35.27M |
| 2025-06-30 | $43.02M |
| 2025-03-31 | $42.09M |
| 2024-12-31 | $44.62M |
| 2024-09-30 | $46.79M |
| 2024-06-28 | $45.27M |
| 2024-03-28 | $46.83M |
| 2023-12-29 | $46.90M |
| 2023-09-29 | $45.52M |
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.