MVALX Performance — Meridian Contrarian Fund, Legacy Class
Data updated: 2026-09-03
MVALX returned +19.04% year to date and +29.81% over one year to Jun 2026. Annualised returns are +16.06% over 3 years and +8.42% over 5 years. Against its US Small Value category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $156, against $153 for the category, and to $130 over one year, against $131. Volatility over the past three years was 18.03% a year. In the 12 months to Jun 2026 the fund took in a net $12.1M, and assets reached $679.45M.
MVALX Growth of $100
What $100 invested in Meridian Contrarian Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | MVALX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $130 | $131 |
| 3 years (Jul 2023 – Jun 2026) | $156 | $153 |
| 5 years (Jul 2021 – Jun 2026) | $150 | $149 |
| Since data start (Jul 2019 – Jun 2026) | $238 | $213 |
MVALX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +19.04% |
| 1 year | +29.81% |
| 3 years (annualised) | +16.06% |
| 5 years (annualised) | +8.42% |
MVALX Annual Returns
Calendar-year total returns of Meridian Contrarian Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +19.04% |
| 2025 | +17.31% |
| 2024 | +9.65% |
| 2023 | +12.28% |
| 2022 | −16.79% |
| 2021 | +26.12% |
| 2020 | +23.79% |
| 2019 (Jul–Dec) | +6.38% |
MVALX 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 | +5.0% | +3.9% | −7.3% | +9.7% | +3.9% | +3.2% | — | — | — | — | — | — |
| 2025 | +2.9% | −4.1% | −6.4% | −1.0% | +9.1% | +7.8% | +1.7% | +2.5% | +2.4% | +3.6% | −2.1% | +0.7% |
| 2024 | −1.9% | +3.1% | +5.0% | −7.0% | +3.9% | −1.6% | +5.1% | +0.4% | +1.3% | −1.9% | +10.8% | −6.5% |
| 2023 | +8.3% | −2.7% | +0.1% | −1.3% | −0.2% | +5.7% | +4.2% | −4.5% | −5.8% | −7.2% | +8.9% | +7.7% |
| 2022 | −8.0% | +2.5% | +0.4% | −8.2% | +1.1% | −10.1% | +9.5% | −2.5% | −9.3% | +9.1% | +5.2% | −5.3% |
| 2021 | +1.7% | +9.4% | +2.4% | +4.2% | +1.8% | −0.3% | −1.6% | +1.1% | −2.9% | +5.3% | −1.8% | +4.9% |
| 2020 | −2.5% | −7.9% | −23.1% | +17.8% | +7.6% | +2.1% | +3.6% | +5.4% | −1.2% | +1.6% | +16.4% | +8.5% |
| 2019 | — | — | — | — | — | — | +1.2% | −5.1% | +0.9% | +0.9% | +5.0% | +3.6% |
MVALX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 18.03%
- 3-year Sharpe ratio: 0.64 (vs 4.5% risk-free rate)
- Best month: +10.84% (Nov 2024)
- Worst month: −7.33% (Mar 2026)
MVALX Fund Flows
Monthly money in and out of Meridian Contrarian Fund, from SEC Form N-PORT.
- 12-month net flow: $12.1M
- 12-month gross sales (incl. reinvestments): $74.4M
- Sales ÷ redemptions: 1.19×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $1.1M | $3.8M | −$2.7M |
| May 2026 | $205K | $4.0M | −$3.8M |
| Apr 2026 | $1.1M | $7.2M | −$6.1M |
| Mar 2026 | $1.0M | $4.0M | −$3.0M |
| Feb 2026 | $341K | $4.4M | −$4.0M |
| Jan 2026 | $1.6M | $5.7M | −$4.1M |
| Dec 2025 | $66.6M | $11.7M | $54.9M |
| Nov 2025 | $322K | $4.4M | −$4.1M |
| Oct 2025 | $737K | $4.9M | −$4.2M |
| Sep 2025 | $471K | $3.6M | −$3.1M |
| Aug 2025 | $433K | $4.8M | −$4.4M |
| Jul 2025 | $439K | $3.7M | −$3.3M |
MVALX Assets Under Management
Net assets of Meridian Contrarian Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $679.45M |
| 2026-03-31 | $588.51M |
| 2025-12-31 | $592.63M |
| 2025-09-30 | $601.49M |
| 2025-06-30 | $574.14M |
| 2025-03-31 | $509.53M |
| 2024-12-31 | $571.77M |
| 2024-09-30 | $583.56M |
| 2024-06-28 | $564.89M |
| 2024-03-28 | $612.68M |
| 2023-12-29 | $599.40M |
| 2023-09-29 | $568.78M |
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.