Meridian Fund Inc has filed a new summary prospectus for its Meridian Contrarian Fund, which aims for long-term capital growth. This filing, dated October 30, 2026, is crucial for investors as it provides detailed insights into the fund's investment strategies, associated fees, and potential risks.

The Meridian Contrarian Fund primarily invests in a diversified portfolio of publicly traded common stocks of U.S. companies. The fund focuses on companies that have underperformed their peers due to temporary operational issues, emphasizing stocks that are believed to be undervalued compared to their long-term earnings potential.

According to the filing, the Meridian Contrarian Fund has two classes of shares: Legacy Class (MVALX) and Institutional Class (MFCRX). The prospectus outlines that there are no maximum sales charges on purchases for either class, although a redemption fee of 2.00% applies if shares are sold within 60 days of purchase.

For the fiscal year ended June 30, 2026, the fund's portfolio turnover rate was reported at 53%. This indicates the frequency with which the fund buys and sells securities, which can impact transaction costs and overall performance.

The filing also highlights the fund's total annual operating expenses, which are listed at 1.18%. This figure includes management fees of 1.00% and other expenses of 0.17%. Investors are advised that additional fees may apply, such as brokerage commissions, which are not reflected in the stated operating expenses.

This update is significant for potential investors as it clarifies the fund's objectives and potential costs. The investment management industry will be closely monitoring such updates, especially amid increasing competition.

Looking forward, Meridian Fund Inc may provide further updates or additional filings as it continues to refine its investment strategies and respond to market conditions. Investors are encouraged to review the full prospectus and other related documents available on the fund's website or by contacting their investment representatives.