MRREX — Meridian Equity Income Fund
Data updated: 2026-09-03
MRREX — Meridian Equity Income Fund. United States Large Cap Blend / Core Equity · $33.75M AUM. Holdings, fees, performance and SEC filings.
MRREX Fund Overview
MRREX — Meridian Equity Income Fund is a US mutual fund managed by Meridian Fund INC, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Meridian Fund INC
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $33.75M
- Ticker: MRREX
- SEC CIK: 0000745467
- SEC series ID: S000001461
- Share class ID: C000132938
MRREX Investment Objective and Strategy
Meridian Equity Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Meridian Fund INC.
Investment objective
The MERIDIAN ENHANCED EQUITY FUND (formerly known as Meridian Equity Income Fund) seeks long-term growth of capital.
Principal investment strategy
The Fund seeks to maximize total return by investing primarily in a diversified portfolio of equity securities of large capitalization U.S. companies that have the potential for capital appreciation. Under normal circumstances, the Fund will invest at least 80% of its net assets in long or short positions in equity securities. Equity securities include, but are not limited to, common and preferred stocks as well as convertible securities, such as options, in domestic and foreign companies. The Fund may invest in securities of companies with any capitalization across a broad range of industries. These may include companies that are relatively small in terms of assets, revenues and earnings. The mix of the Fund’s investments at any time will depend on the industries and types of securities the Investment Adviser believes hold the most potential for achieving the Fund’s investment objective.
The Fund may invest up to 25% of its total assets, calculated at the time of purchase, in securities of foreign companies, including emerging market companies. The Fund may also invest its assets in debt or fixed income securities including higher yield, higher risk, lower rated or unrated corporate bonds commonly referred to as “junk bonds.” These are bonds that are rated Ba or below by Moody’s Investors Service, Inc. (“Moody’s”) or BB or below by Standard and Poor’s Ratings Services (“S&P”) or are in default or unrated but of comparable quality as determined by the Investment Adviser. The Fund generally sells investments when the Investment Adviser concludes that the long-term growth or dividend prospects of the company have deteriorated, or the issuer’s circumstances or the political or economic outlook relative to the security have changed, and better investment opportunities exist in other securities.
MRREX Holdings
Top 10 holdings of Meridian Equity Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Goldman Sachs Trust | 16.33% |
| Crowdstrike Holdings, Inc. | 8.59% |
| Draftkings, Inc. | 4.99% |
| Aurora Innovation, Inc. | 4.78% |
| Clear Secure, Inc. | 4.67% |
| Electronic Arts, Inc. | 4.31% |
| Brookfield Asset Management Ltd. | 3.75% |
| Fedex Corp. | 3.53% |
| D.r. Horton, Inc. | 3.38% |
| Fiserv, Inc. | 3.05% |
MRREX Portfolio Allocation
Asset-class allocation of Meridian Equity Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 114.4% |
| Cash & Equivalents | 16.3% |
MRREX Performance
Total returns for MRREX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.6% |
| 1 year | 6.4% |
| 3 years (annualised) | 10.6% |
| 5 years (annualised) | 5.5% |
MRREX Risk Information
Risk metrics for MRREX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.7%
MRREX Costs and Fees
MRREX costs about $100 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.00%
- Gross expense ratio: 1.29%
- Portfolio turnover: 29%
- Brokerage commissions: 4.02 bps of average net assets (SEC N-CEN)
MRREX Cashflows
Over the 12 months to 2026-06, Meridian Equity Income Fund had net outflows of $9.06M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$385.47K |
| 2026-05 | −$646.72K |
| 2026-04 | −$482.58K |
| 2026-03 | −$263.47K |
| 2026-02 | −$797.96K |
| 2026-01 | $148.11K |
MRREX Debt Constituents
No individual debt constituents are reported in Meridian Equity Income Fund's latest SEC N-PORT filing.
MRREX Prospectus and SEC Filings
Official Meridian Equity Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-10-24
- Prospectus (485BPOS) — filed 2024-10-28
- Prospectus (485BPOS) — filed 2023-10-27
- Portfolio holdings (N-PORT) — filed 2026-08-31
- Portfolio holdings (N-PORT) — filed 2026-06-01
- Portfolio holdings (N-PORT) — filed 2026-03-02
- Annual census (N-CEN) — filed 2026-09-03
- Annual census (N-CEN) — filed 2025-09-08
Related Funds
Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.