MRRGX Performance — Meridian Growth Fund, Institutional Class
Data updated: 2026-09-03
MRRGX returned +9.69% year to date and +7.39% over one year to Jun 2026. Annualised returns are +3.06% over 3 years and −2.32% over 5 years. The fund trailed its US Mid-Cap Growth category average: $100 invested three years ago grew to $109, against $152 for the category, and to $107 over one year, against $118. Volatility over the past three years was 17.66% a year. In the 12 months to Jun 2026 the fund lost a net $238.3M, and assets reached $542.87M.
MRRGX Growth of $100
What $100 invested in Meridian Growth Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Growth category average over the same months.
| Period | MRRGX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $107 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $109 | $152 |
| 5 years (Jul 2021 – Jun 2026) | $89 | $129 |
| Since data start (Jul 2019 – Jun 2026) | $137 | $203 |
MRRGX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +9.69% |
| 1 year | +7.39% |
| 3 years (annualised) | +3.06% |
| 5 years (annualised) | −2.32% |
MRRGX Annual Returns
Calendar-year total returns of Meridian Growth Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +9.69% |
| 2025 | −6.25% |
| 2024 | +6.32% |
| 2023 | +15.34% |
| 2022 | −29.25% |
| 2021 | +15.19% |
| 2020 | +24.97% |
| 2019 (Jul–Dec) | +6.64% |
MRRGX 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 | −0.1% | −1.2% | −6.7% | +9.6% | +4.2% | +4.2% | — | — | — | — | — | — |
| 2025 | +4.2% | −4.7% | −7.4% | −3.4% | +4.3% | +3.3% | −2.3% | +3.0% | −2.3% | −2.2% | +2.3% | −0.4% |
| 2024 | −3.1% | +4.7% | +0.8% | −6.0% | +5.0% | −0.6% | +3.1% | +3.4% | +0.1% | −3.4% | +9.2% | −6.0% |
| 2023 | +11.3% | −1.3% | +1.2% | −1.5% | −0.8% | +6.0% | +2.2% | −6.7% | −5.5% | −7.6% | +8.7% | +10.7% |
| 2022 | −8.7% | −0.3% | +0.4% | −9.9% | −4.6% | −9.5% | +9.6% | −3.7% | −9.9% | +6.7% | +2.7% | −4.4% |
| 2021 | +1.7% | +4.6% | +2.5% | +4.0% | −1.0% | +3.0% | +0.9% | +0.5% | −3.4% | +3.6% | −0.8% | −0.9% |
| 2020 | −3.4% | −7.7% | −22.0% | +18.8% | +9.8% | +2.0% | +6.8% | +2.8% | −0.7% | +3.0% | +12.2% | +7.2% |
| 2019 | — | — | — | — | — | — | −0.5% | −4.2% | +2.6% | +0.7% | +6.0% | +2.1% |
MRRGX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 17.66%
- 3-year Sharpe ratio: -0.08 (vs 4.5% risk-free rate)
- Best month: +10.69% (Dec 2023)
- Worst month: −7.62% (Oct 2023)
MRRGX Fund Flows
Monthly money in and out of Meridian Growth Fund, from SEC Form N-PORT.
- 12-month net flow: −$238.3M
- 12-month gross sales (incl. reinvestments): $60.4M
- Sales ÷ redemptions: 0.20×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $568K | $10.9M | −$10.3M |
| May 2026 | $446K | $13.2M | −$12.7M |
| Apr 2026 | $704K | $12.0M | −$11.3M |
| Mar 2026 | $1.1M | $12.8M | −$11.7M |
| Feb 2026 | $763K | $16.1M | −$15.4M |
| Jan 2026 | $752K | $20.0M | −$19.2M |
| Dec 2025 | $47.4M | $107.7M | −$60.3M |
| Nov 2025 | $1.2M | $13.4M | −$12.2M |
| Oct 2025 | $1.5M | $16.5M | −$15.0M |
| Sep 2025 | $1.7M | $16.1M | −$14.4M |
| Aug 2025 | $1.5M | $35.3M | −$33.8M |
| Jul 2025 | $2.7M | $24.7M | −$22.0M |
MRRGX Assets Under Management
Net assets of Meridian Growth Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $542.87M |
| 2026-03-31 | $487.11M |
| 2025-12-31 | $575.47M |
| 2025-09-30 | $714.28M |
| 2025-06-30 | $798.06M |
| 2025-03-31 | $827.39M |
| 2024-12-31 | $1.01B |
| 2024-09-30 | $1.08B |
| 2024-06-28 | $1.15B |
| 2024-03-28 | $1.26B |
| 2023-12-29 | $1.38B |
| 2023-09-29 | $1.29B |
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.