MRAEX

About MRAEX

Meridian Hedged Equity Fund A is a mutual fund designed to provide long-term capital growth while aiming to minimize portfolio volatility. Utilizing a blend of long and opportunistic risk-managed equity exposures, the fund invests at least 80% of its net assets in equity securities, which include common and preferred stocks, as well as convertible securities like options. This strategy allows the fund to take both long and short positions in domestic and international companies, offering diversified access to global equity markets. A key feature of the fund’s approach is its focus on quality growth companies with sustainable competitive advantages, solid management teams, and exposure to attractive end markets. The fund employs covered call option strategies to monetize market volatility and create a margin of safety on the downside, aiming to optimize total return while limiting risk. Its portfolio is constructed based on fundamental research and active management, benchmarking its performance against the S&P 500 Index. As of March 2025, the fund held stakes in 65 companies, with a portfolio tilted toward large-cap equities, and placed strong emphasis on price-to-earnings and price-to-cash-flow metrics in security selection.