Meridian Small Cap Growth Fund Q4 2024 Commentary

Feb. 25, 2025 10:00 AM ETMeridian Small Cap Growth Fund A (MSGAX), MSGCX, MISGX, MSGGXTPB, CARG, MIR, ALIT, CCSI, AGS, RBA, WAY, BYRN, TMDX, SRI, ANGI, MRAGX, MRCGX, MRIGX, MERDX, MSGAX, MSGCX, MISGX, MSGGX

Summary

  • Large cap growth stocks posted a 7.1% gain, contributing to annual gains of 33.4% – the second consecutive year of gains exceeding 30%.
  • The Meridian Small Cap Growth Fund returned 2.85% during the quarter ended December 31, 2024, outperforming its benchmark, the Russell 2000 Growth Index, which returned 1.70%.
  • Overall, stock selection contributed positively to relative performance, with strong selection in the consumer staples, energy, and financials sectors offsetting relative weakness in the consumer discretionary sector.

Small Cap write on sticky notes isolated on Office Desk. Stock market concept

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Fund Total Performance (As of 12/31/2024)

Share Class

Ticker

Gross Expense Ratio

Net Expense Ratio

Inception Date

3 Month

1 Year

3 Years[4]

5 Years[4]

10 Years[ 4]

Since Inception[4,5]

Class A Shares – No Load

MSGAX

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